HomeMy WebLinkAbout2302 TW~ Itie san~e. fogel~~e? wifh Ihe tw~eme~ils. ~~ereclifamenls an~~ appurle- 1
nancrs Iherefo E,e~o~~ging. and the rent:. issups ancr pro(ifs Ihe?eo~, unto Ihe morfgagee. in lee simp~e.
~ 16e morlgaflor coi~enanls with lhp mo?tgagee tl~at ihP mo?fgagor is inde~easibly sei:ed of sait~
~an~ in ~ee sin~p~e; 1{~at 16e mo?Igagor has Qood righf anc~ ~awf u~ author~ly to rnni~ey saic~ ~an~ w ajore-
said: that t{~P mort~a9w u~i11 ma~e such (urther assurance~ to perfect the /ee simple tille to said land in the ,
~nort~ogei• as may reasw~a6lr 6e `equi?ed: that fhe morlgagor here6y /ul~y u~arranis the tille to said land j
and u•ill de%?id II~p snme againsf 1he ~au~~u! claims o/ all persons u~homsoener; ant~ tl~at said ~and is (ree ~
~,~d ~I ~t! Pncum~Ip/1CPS , except taxes accruing subsequent to December
31, 1973.
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~~,d~ ~1W S~ t~at i~ saicj mortgagor shall pay unto saic~ mortgagee f~e certain promis- !
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sory nofe ~ereinajter su6stuntially copierr or icrenfiJiec~. to-u~if: ~
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v:,~,UE ~r,G~.IV~::, Che undersigned pro~is~ to pay, Nithaut defalcxtion,
.-3 rn:. Cl~i~r ci _~i~iG;l h.~T'~t;N:~L B:~ T~tLi~T '~~~i~'.~iY, M:~.R~1ii~~TE, MIc:H~G.~,
,,--~v nf 'i-~N~~' ?IJr. ;~.SliS:iND ($25,OJO.t~t?) _~N?T ~iU/l0U :k;LL~L~tS, ;~itli interest
•~:~te at the r3t~ o~ ~ir~e (93.) Per c:en~t pe~ annum, in manthly instalmen[s
.s ~;.llows, $209.80 on ~~:e 15th daX of 3: ne, ~R~`~ and a like su¢n on the cor-
~:::~~,:~~~~y day of each like succeedin~ ~eriod t~ere~fter until the who~e be
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~.ac:t i~~st~?~i;~ ~irst s~a;~l t~e ~:pplis.:u in pa~~nt t~-z~ ir:L~r~st :..~~~~i
; ; ~r t~ee ~i~~wi:3 _ ~f t.~:e pri:~cip~I s~, If dP£ault ia ~~de ~.c~ ~ _
E ...:_,~~~e=~t n~ ..~~t}- i*~s~dl~e~t ~~n due, th~n at t':~ ~ption of the hoid~r, a~c: 'r~Lh-
~ ~~~T :~-,y :=-wt-.er n~t~ce, ail tt-te r~-.~aining inst3l~~n~s ahall be due And pa;~:~ie
,t ;::~e. . Prfvile~~ i~ ~i~en t~ p~:y- ~ro ~r raore i.r~stalcuents st any ins~:~l:.:y:nt
~~~t,~; :~?3te* ~~t Chi~ a:~all ~ot extend tt~Q tir~e of ~at~rity ~f any su~s~:-
.ie ~t f.:.s~ai~c~t. : E:~t'~er forb~~~ance, nor acc~ptance by the hal~er hex~c; f
-;t~r aT:;• :_'.~,r~~' ~ri~ p3y~nent h~re~a, shail be de~~d extensioc~,
'.~c~: r~~er, ~udety and endorse~ hereof, jo~.ntly and severally, ~~iv~~ de-
:.?;u, ~aesen~:~~~c, p~c~ze~t a~~ ~otice ~f proteat for- non-payment, ai~d furt:?er
r~~+~s to 3ny e;c~~nsic~n ~f ti~e of payraent, either before or after maturity,
~~t~:.~~.~t ~otice to any of us; ~ad zo p~y aIl ~osta of coll~ction, inclu~~ng a
~~.os::_~==~?le attorney` s~~E in th~ ave~tt of any 3efault tiereunder, and her~b~
F,v~r~lly w~ive~ :~li ~e;;eiit of h~nebt$ed ~nu ~x~pticn •snder t::e coe~stit~ti~n
~:,~s r,•f e~c'~ ~tate of the United StaL~s, ~s again$t t.~-~is obligatirsn vr any
.C~c~ii~~rj A~' ti.'::~t+'dI h£':tet~i. •
; ri~•ile~~ cf ttre-vay~ent af all or ~ny p~rt her~of j wi~ho~C penalty, is
- ..~i ~ rrar.te~i ri:.ker.
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~ i~:t~ ys t:.e j.-~:~~ seal ~f each p:,rty.
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