HomeMy WebLinkAbout0653 9. To p:ece and ccntinuo~iiy kr.c~ on ~he b~, d~~~3~ r...w or herea(~er ~~iu~fe on s~~d tand and on a;' ~•q,lpmcnt aru! personslly cove.ed by thi~ mo~t~- ,
~g~, with ~!I ptemium~ rt:rrc~n F,a d'n futl, f~rc i~,s„~e~~ce in tnc usua~ sr,,~~dord po'~cy lor;~, in ~ s::m a~pro+rd uy the MOR~GAGEE, and w~nJ~twm
inwrar.~r in fhs uiual standa~d Ect.cy form, in s s~m aHpro.rd by the A~1uRTGAGEE. in ~uch co~npany or co~+~pen~es as 1Fu MORTGAGEE m~y
duecl; and aU fire and ,N;r:clx~o~m ~nsorance po~~c~es on sny of iaid b~~ld~ngs, eny in~ereat ~herein ur parl ther~f, in the aggre9ate wm ~}o~es~~d w
in excess Ihereo(, sAatl :on~~in the v~wl ~ia~~dacd morig,~~Q ci~use or such othe~ cia~se as the McWtyegee may ro~~~rs, ma4iny !he los~ under fa~d po1F '~,o
tief, each a~d every, pa~ab:t ~o sa~d hIORTGAGfE a~ A~ in~erast may apNrar, ond eacb and every wch po±ky ihetl be promptiy afs.gncd snd delivered to
~ny F?e!d by seid MORiGAGEE ~f further secur~ty to sald rno+~gaye debt, and, not leas than ten (101 days in advance o( the expiration of each policy, to d~- • ~
I:v~? to said MORTGAGEE a ro~uwal thareof, ~ogether with a roce~pt im the premium of suth renewal; and the:e s~~all be ~ f~re or windstorm insursnc~ j
plsced on any af sa~d buildmgs, sny imuest the~eie w par~ ther~of, unles~ in the furm and w~~h the lou p~yable as a(ores~id; and in 1he event any wm ~
ot money becomes payable under •vcfi policy o~ poLccs se~d MORTGAGEE shall have tho opnon to rece~ve and apply the same un accoum o) ths indebted-
neu setu~ed h2reby O? to pennit said N10RiGAGORS to retaive and use it or any parl ti~rreof lur otncr Hu~~ ctrs, v~nho~t th^~~o~ ~vaivin3 p: ~mpai~• ~ '
inp eny equity, lien or ~igh~ under w by virtue of this mo:!gage; and in ~he eve~~ sa'd MORTGAGORS sha!I For any reaw~ fai) to keep the sa~d premiset so ~
insured, w feil to dulive~ ra.n rl an of said I~ues of insu~ance to sa~d MURTGAGEE, or fail t
P P Y Y po promptly to pay fu~ly any p.emwm theretw or i~ any ~
reapect fail 1o perform, discharge, exewre, e~fect, ca-npfere, canply wl~h and ab~de by rhis cooenaro, a any pen hareof, sa~d MORTGAGEE may pl~ce and "
pay fu auch insurance o~ a~y parl ~hereof wi~hou~ wa~ving or afieaing any opt;on, lien, equ:ty, a~.ght under w bY virtue oF ~hi~ Mwr9a9s, and the
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full amovnt of each and every such payrnent shall be immed~ate~y due ar.d payabk and shall baar inte~ea~ lrom the detn ~hereof unril pa~d at the rote ol '
nine per ten~um pe~ an~urn and toiether with such inte~est shall tx s~-cured by Ihe lien of Ih~s martgage.
1. To permit, ccmmil w sufirr no waate, impairmenf w deter~oration of sa~d properry or any part thereof. •
S. To pay a!I and sEngular the costs, charges and ex~enses, incl~d~~g a reasoneble attor~ey's fee a«d cosrs of abstratts o( title, incur~ed or paid al
eny tim.e by said MORTGAG;E, because w in ?hc event ol the failure on t:x parl of the said MOk~GAGpR lo du~y, promprly and fully pertorm, discharg~,
execute, efietl, complete, wmply w~th and ab:de by each and every IFn: ~tipulanons, agreements, conc+itions, arx3 covenants of said p~omissory note and ~his
mortyege eny w ehhe~, and sa~a co~ts, charges and expenses, each arx! every; ahail be immed~ately due and payable; wl~ether or not there be notice ds
msnd, attempt to coNM w suit pendmg; and the full amoum of each and every such paymem ~hail bear interest from ~he dats thereof umil paid at Iht
ra~e oF nine per centum per am~u:n; an.! a11 said cos~s, CIl3f9~i and e~pcnses ~ncur~ed or paid, toyether w~th auch interest, st,all be secwed by the lien of thi~
mortgapt. _
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b. Thst (a? in the event of any breach of this Morlgage or drfavlt on tF.a part of the MORTGAGOR, or (b) in the event any oi saEd sums of rtw~ey
herrin reterred to ba not p~anptly and fully paid wuhin thnty (30) days oext afte~ the same aeverally betome due and payab~e, withcut demsn~ or ootite,
or (c) in the eveM each and every the stip~iarions, agreements, cend+t]ons and cover.anta of sa:d promissory notr and ih~s mort9age any w eithe~ are nol
july, promptly end fully performed, dacharged, execueed, effected. comp+eted, compt~c~t1 w~+h znd aL~ded by, then in e~ther or any such event the said a¢
~~egate sum mentioned in said promissory note then re:na~ning unpald, w~th intere;t accrued, and alt morteys seturod hereby, shall become due ~nd pay-
ab~e forthwith, or thereaiter, at the opt~on of sa~d MORTGAGEE, as f~lly and comp!e:r~y as ii all ui the said suma of mortey wtre or,g~ndiy •t~pulated
to be paid an such day, anyth~ng in sa:d prorn~ssery note or in t!~fs Mo:tgagr to ihe connary ~otw~+h~~andlig; and thereupon w theroafter at the option of
aa~d fAOftiGAGEE, withcu! no~:ce or de~nand, suit at law or in equity, therefore or thereaf~e~ begun, may be prosetuted as if all money tetured hereby
nad matured pr~or to rts inst~tunon.
7. That in the event rhat ar the beglnning ~f or at any time pend~ng any suit upon th~s Mortgage, or to foreclose it, or to reform it, or ro enforce
payment of any claims hereunder, sa~d MORTGAGEE sha!! apply to the Co~rt havu,g jwi~d:cron ihe~eof (or the appointment of a Receive~, such Court shall
forthwith appo~nt a rece~ver of said mortgaged prope.ty alf and sing~iar, indud~ng all and s~~:gv~ar tt:e incon:e, profits, issues and revenues from whatever
source derived, each and eve.y of wn:ch, it be;n9 e:pressly understood, is h.errby mortgag`d as ~f specificaily set forth and desvibed in the granting and
Rabendum deuses hereo4, and such Receiver shaii hrve afi the broad and effecr~ve furct.ons ar.d pewers in anyw~se entrusted by e Court to a Receiver, and
s~.ch appointmen? shall bc ma~a by such Ceur~ as an admieted eq~~ty and a matter oi abietu:e r~ght to sa7d MORTGAGfE, and withoul reference to the
edequaty o~ inadeq~acy o~ the valve oF the prope~ty mortgaged or to the so:vency w~nsolvency of sa:d MORTGAGOR or the defendants, and that such
ren~s, profits, ~ncome, issues anti revenues shali be app:~ed Dy suth Receiver accord~ng to the l~en or equiry of said MORTGAGEE and the prattice of such
Court.
8. To duly, promptly a~d fully perfo.m, d~scF:a.ge, execu!e, effect, complete, comply with and ab;de by each and evary the stipulations, agreements,
cond+tions and covenants in sald promissory note and this mertgage set fo~th.
9. That in the event the ownership of the mortgaged prem~ses, w any part tfiereof, bacomes vested in a person cther than the MORTGAGOR, the {
h'.t~RiGAGEE, its successcus and ass~9ns, may, withour no~ice to the MORTGAOR, deal with such sutcessa w succestot in intereat with reference to this
mortgage and ~he deb~ hereby secured in the same manner as with IAortgago. w~thout in any way vit~ating or d~scharglr~ the Mortgagori liability here- ~
under or ~oon the debt hrreby secvred. No aafe of the prem~ses hereby mortgaged and no forbearance qn th~. pjrt 'of the. MORiGAGfE or it~ i~c.essora
or assigns and no exre~s~on of the s~me for tlie payme~t of the debt he.eby secured given by the MORTGAGEE or its succestors w sssig~l, ,hall operats ~
rc release, d~xharge, modify c!+ar.ge or affect the ur~ginal liab~i.ty of the NORTGAGOR herein, either in whole or in Fart.
i0. It is speuficalfy agreed that time is of the esser.ce of this cont.ad and that no wa+ver of any obl~gat~ort hereunder or of the abliyation se-
cured hereby shal! at any time the~eaftar be he!d to be a waiver of the terms hereof w o( the instrument secured herby.
11. In add~~;o~ to t!~e forege ng m.omhly paym~ros of j:~inc pal and interes! required by the prom~ssory note secured hereby, mortqagor covenants
jnd agrees to pay to mortgagee with each mon~h~y pa~~nenr an add•:+onal sum es+~mated by mwfgagee to be eqval to 1/ i2 of the annuat cost of tM follow-
~n:Jc
A-All real property taxes feviad or assessrd egai~st the abave descr.5ed real esrate.
B--Prem~un,s on f~re ar.d wir,dstorm ir.surar,~e as i~cre~n rcqv:red to be ca•r;ed on the improvements situate on thc abeve desuibed premises.
C-Yremiums on such mortgage guarar,;y ir.surar.ce as mortgagee shalt froT t~me to time deem fit to tarry on the ban secured hereby. ~
Mortgagee shail !rom time to t~me no+~f~ mortgagor ~n writ;ng of the amo~nt d~? and payable hereunder and such surn shall thereupon be due and f
Fayab~e d1r the due dare of the next monti~iy payment and each success~ve mcnrh tiiereafrer vri~! mortgagee shall notify mortgagor of a change in such }
:--.ount. Such sums s~a~E be apG~~ed by morigagee soward tne pa~ nent of reai aroperty taxes, insurance prem;urns, and mortgage guaranty insurance ~
c~emi~ms_
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IN ~YiTNESS '.VHEREOF, the sa~d MORTGAGGR has hereunto~ set his hand and seai the da ar.d ~ }
y year first aforesaid.
; ~gned. Seal d deti ~ in the pr ce_ oi: t~ ~RDEO ,R ~
.
~ ' f1~EG ar:, K~... flA• Ytil. ~?~1~,~
' • ST.LUC:~ LOsh:Y ~a~
' FO;F:^7:.i_~RS QT~~ a .
~ _ - ~t~=tF. C.~~~1;t. ..:JU• Seaq
! r^r. 1 Y%d~FItD.~+s~ `J -~J
; a=..•• H@1@fl V, ~eC @r ~Seap
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, 'f~ 22 1 ~ 1~ [ ~Sea~ .
~ STATE OF ~ Michigan ~ ~Z ~
~ :OUNTY Of ~k~~ilC~ ~ ~
~ Willia~ D. 3303~)i -
Befwe me personally appeared Decker
~ and
fi Helen Decker his wife, ro me well known and known to me fo be
i the individuals described in and who ececuted the foregoing instrumem, and ackrwwledged before me that they e:ecuted the same for tFrs pvrposes
~ rherein expressed. Md the said__ HelE1] ~C~C r
~ William D
i H.fe of the said . D'2C~f upon a separste and privst~
~ exarn~nation by me ta4en separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and vdver
~ ~ar~ty and witfiout any compv~sion, consiraint, apprehension, or fear of or from her said husband.
~ WITNESS my hand an.d offir~al seal this_ 17tb day of C~l . A, D. 19_.Z~L
~
~
13otary Public in end for ihe State of ~ at Lsrpe
My Com~r.,ssion e~cpires: ~
R°t""' T°: PAUL f. WINDISCH
; First federal Sjvings 3 Loan Pssat~at:on
~ or F~,~ P~.~H. Notary Public, Ms~,~rb C?u r~_~,
Fo« F:erce, Flcr,da A;ting In O~kia,:d C.;u~•i}~
My Comm~ssion Expires Sept. 29, 1979
y ~1~I::~/
" ,
; ; ~ 1 1
This Instrument Prepared By Rohett A, S~rishe r, Jr . _
First Federal Savings & loan Association ° ;
of Fort Pierce , Flor ida . - ~ . ~ ~ ~ ~
r. ~ ;
ChecKed By E n~ ~VV ~ - .-t `U~"' _ = ~
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