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an~{ shall perJorm, comply iui11~ a~d abide by pach and eoery the agreRments, sttpulu:ions, condilions and ~
co~~enanfs ~lier~of. ond oJ Ihis mort{~aAe, Il~pn Ihts morlgaAp and the estate hereby creale?cl. ~I~all cease, de-
I~ImInP an(r I~P nu~~ an~ t~ai~~. -
thP mo?Iga~or heruby jurll~er cove~~anfs anc~ agreea to pay promplly when c~ue fhs principnl and
inferrsl a~~~ oi~ier sums o~ money prot~itlc~cl for In saic~ note and fhts mo~lgage. o~ etlher: fo pny a~~ and
sin~u~a~ the la.res, assessme?~ts, ~evtes, ~iabi~iiies, oti~i~alions, and encumbranres oJ ei?ery naiure o~ said pro-
perly: to ~e~mlf. commil or su~jer no u~nsfe, impairme~~! or defer~oralion o( auid land or fhe improvements
f~~~r~cn al any lime; lo kpP~ ~h~ I~uI~tJin~s now or I~erea(I~r on saic~ ~an~ ~u~~y ins~ue~ in a sum o~ nol ~ess
fRan NIL ~
in n i•om~~~ny or com~~anies accepta6le fo Ihe mortgagee, the policy o~ poltcies to be held by, and paya6le
to, said mortpa~ee. and in the ~vent any sum oJ money 6ecomes paya6le 6y virtua of such ~nsurance 1he
mort~a~~P shall ha~~p the right to r~ceive und apply t1~e same to II~e inde6tednes: {~ere6y secured, accounting
fo 1{~e motl~a~or ~or any surp~us; to pay n~~ cosfs, charges, and expense~. inc~ut~ing ~awyer s jees ancj lil~e
sea?rties. rPasonah~y If1Ct11rP~ or ~~ai~ ~y Ihp mo?tganee 6ecause o~ ftie fai~ure oJ fhe mortgugor !o prompl~y
ane~ ~u~~y comp~y with fhe ag~eemenls, stipu~aiions, conditions and covenanis o~ saicr note pn~ Ihis morigage. ~
" or eiff~e~; to ppr~orm, comply u~itl~ and a6ide by eacl~ nnd every !he agreements, stipu~alioiu, conditions anc~
coi~enanls set f
orth in said note and f~ts morfgage or eill~e?. /n the ei~ent !6e mortgagor f
ai~s to pay when
t~tu~ any fa.r, assessment, insurance premium or of~er sum o~ mo~iey payab~e 6y rirtue oJ saitr nole and itiis
mortgage, o~ eif~ier, ihe mortc~agep may puy t{~e same, u~it{~oul u~niving or a~~ecfing Ihe option !o ~o?ec~ose
or any otl~er rigF~t hprPUnder, and all such pnyments shall 6ear interest ~rom date thereoj at the 1?igl~est law-
(u[ ra~e fl~en allowecl by fhe lau~s oJ Ihp State of Florida.
~L nny sum o~ money herein re(erre~ to he not prompt~y paid wifhinTtd.rty (30) day~ next aJier
the same 6ecom~s due, or i~ eacl~ ancr every fl~e agreements, stipulalions, conclitions and covenanls o/ saicl
note antl i{~is morff~a~P, or eilher, are riot )ully pe?~orneed. complie~ u~ilh a~d o6~ded 6y, then !1?e entire
sum menlionecl in said note, antl t1~is mortgage, or t{~e entire 6alance unpait~ thereon, s1~n~~ ~orll~witft or
t6ere~aJler, at th~ oplion oJ Ihe morl~ngee. 6ecomp and 6e due and paya6le, anytl~ing in said note or herein
to Ihe conlrary notwithsfancling. ~ailurp 6y fhe mortgugee to exercise any o( ttie rigtils or opttons tierei~
provic~ecl sha~~ nof consli~utp n u+nii~pr o( any ~iflhts or oplions unc~er saic~ nole or Ihis morfgage accrued or
i{~erea jt~r aci-ruinQ.
~n ~itness ~hereof~ ~'~P S(1l~ morlgagor ~QS I~e?eunlo SIIQ?1~ QR~ SPDIPd lhese presents ~l1P
~ay an~ year Jirst A~IOPP ivritlen.
Signet~ sea~et~ and deli~~erec~ in tf~e presence o~:
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- ~ - RICHARD E. SCOTT '
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; Beve~. reutz - ~$LANCHE A. SCOTT
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~ STATE OF R9A~BP4~ MICHIGAN ~
COL':~'TY nF Wayne
~ I HEREBY CERTIFY that on this day, befon me~ an
~ o(ficer duly authoriz~d in the Stat~ a(oresaid and in the County aforesaid to tak~ actnewledgment~. penonally appearcd
- RICHARD E. SCOTT and BLANCHE A. SCOTT, Ais wife
~ to m~ known to br thc prrson S deuribed in and who extcutcd the (or~qoinq instrur~nt and ackrwwledged
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before me that they ~xecuted the same.
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H'I7~NESS my hand and oi(icial seal in thr County and Statc last afor~said this t day o(
~
~ Apr~ A. D. 19 74
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~ rtoTAttY PU ~Wayne ounty, MI
Beverly J. Creutz
My Comm.ission expires: 7/10/7?
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