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fOR VALUE RKEIVED, 1ha undarai ad, ndy and s<avarally, PROMISE TO PAY to tM order of
y ROBERT OWEV and t`
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TWENTY ONE ' ?!lI?
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---...------.DOLLARS,
at G-6310 BroO v~g~; ~~_~~d_ .~1.Snc,_._Mi_c~h~g8n_....4$~~Q.____-----err dude Nlwr piaoa as the holder '
haraoi tttay dasiNtuN M wriNnN teRathar with intansit fren~ ----~O..MD~t-..~..9$Q..... ~
at 1M ?a1a of - 15 par antutn par annum oe the unpaid balance anti! ul'ity. TM said prindpal and intaraq tiMN
b: dw stall payaWo as hllows: ~
$499.58 a month, the first payment be ng ue 0 rune 1980 and continue each
month thereafter until paid. This s of 49 5 paid each month shall
Z first be credited to interest and the ma nder o the principal of this
obligation. This note may be prepaid y time without penalty.
~ M i[adt w wars br 10. days iw pap sf Mr si ipal « iwfaras! ear part N»r»f. IM wk+als swi tMa rawaisiaa
` wpaid with iaMna akaN a1 Mldar's ~a trasMaa awil pabla w fa h axanise spNM ahaN MI cMStitWS ~waiwr d Ike
~ ritkr M s:ardss 1iw tiarM is tlw wM! d NI h. At»r wMwi~tp Md aterwd rMt t6aM Mw iwMeas! of -par ewnras
• pa aaaew asW paid. ilre wakes awJ M~arasn sf Ikis [ waive iaawr, Musa s[ a MI prNasl. M Nris MM it sN paid al
~ asaiwtlr sell Ilia aw is placa~ wick M atlaniar gNfrtGow, tka an erirarsars IarN[ sane Mr as tMh ai csMasMw. iads~i,ra all seller
~ coats sell raMMaWs allrrrray i«s.
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` PAUL T. 3HOBACK X -t'~ _ (SEAL)
llawir ti'nblle. scs.r or t~lw Yaek CURTIS L . GALOUGH 0
• >aasYi.a m Tws+ Coaa4 - . r
Att~q• >w ~issisa tt;isan+ Kai M N3 t x-G ~U K~
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AItLENE (.ALOUGH
1-i--~ y-!-~
!-s - (SEAL) ti
?'iii'lilti~i~ififi~i~iS~i~i~r~i~i~i~i~i~i~ifi~i~i~i~i~i'i~i~i~i~i~i~?i~i~i~i~i~i'iii'ili~ib'i'i'i'i'iii'i'i'i'iii'i~i~i~i~i'iii'iii'i'i'i'i'i'i~i~i~i'i'i~i~i'i~i~i'i~i~i~~
~fi'si~w
and shall duly, promptly and fully perform, discharge, execute. rtta•rt, con,ptete, r•emply with and abide by each
and ea•erv the stipulations, agreements. rondUiuns and covenants s:ud pn,miss~ry note and of this mortgage.
then this mortgage and the estate hereby created shall cease and be null anti ~ oi,l.
It is understood that each of tht words. "note." "mortgagor" and "mortgagee" respectively and the pron-
ouns rcfernng thereto. whether in the singular or plural anywhere in this mortgage, shall be singular )t one only
and shall be plural jointly and severally. if more than one, and shall be masculine, feminine and/or neuter. wher-
ever the context so implies or admits.
Md saki Mortgagor [or himself and his heirs, 1e6a1 representatives, successors and asslgms, hereby covem-
ants ano agrees. to and with said >titortgagee, hie legal representatives, successor and assigns:
1. To pay a1! and atngular the psincipai and interest and the variow and sundry sums of money payable by
virtue of said promissory note. and this mortgage, each and every. promptly nn the days respectively the saint
severally become due.
I~ T. To pay all and singular the taxes. assessments, levies, liabilities, obligations and Incumbrances of every
j nature and kind now on said deserted properly, anther that hereafter may be imposed. suffered, placed. leaned
or assessed thereupon, and/or that hereafter may br levied or asw•ssed upon Nis mortgage and %or the indebted-
ness secured hereby, each and every, when due and payable according to law, before they become delinquent,
and before any interest attaches or any penalty is uicurrrd: and in so far as any thrtvo[ is of record the .saint
shall be promptly satisfied and discharged o[ record and the engine! official document !such as, for-iiutance,
•hr tax receipt er the satisfaction paper officially en~forsed or certifiedi shall tie placed In the hands of said
.Lortgagee within ten days next alter payment; and in the event that any thereof is not so paid, satisfied and
discharged, said I?fortgagee may at any time pay the same or any part thereof without waiaing or affecting
any option. lien, equity or right under er by vertu. o[ this mortgage, and the full amount of each and every
. such payment shall be immediately due and payable and shall Ixar interest from the dale thereof until paid
' at the rate of ten per crnturn per annum and together with such interest shall be secured by the lien of this
mortgage.
1. To place and continuously keep on the bu,lrlings now or hereafter sttuste on said land flee and windstorm
~ insurance in the usual standard p,ilicy term, in a sum not less than : Maximum , In such coin- •
pany or comp~a9rs as may be apprea•e,i by sale! A/ortfia~r•e: amt all siii•h insurance policies on any el said build-
ings, any interest therein or part thereof, in the aggr.•Fate sum afercvaid or in excess thereof, shall rnntain the
usual standard mortgagee clause making the I,s ucd.•r sa,d pelu•irs. each sod every, payable to said 1?tortga-
Ree as his interest mad appear, and each and rvr: y siu h policy .hall 8e pmmptly deUvered to and held by said
: )<lortgagr-e: and. not less than ten davs in adcanr•e of the expiration of rack policy. !o deliver to said Mortgages
a renewal thereof. together with a receipt ter the prem,um of .,i,-h ronewwl: and there shall be no such insur-
ance placed en an} e( said bmlJinRs. any interest therein er port thereof, unless in the form and with the loss
pavahle as aloreaaid: and in the event any sum of money becomes payable under such policy or policies acid
Mertt;agee shall have the epti,in to rrcenre and apply the same en account o[ the Indebtedness secured, hereby or
to permit sa,d \fortga>;er to receive and use it or any part thereof for other purposes without thereby waiving
or impairing sn~• equity, lien or nght under er by virtue of this mortgage: and in the event said Mortgagor shall
for any rcnsoa tail to keep the said premises an inured, or tail to deliver promptly any o[ said policies ot•
insurance to said i?tortgal[re, er tail promptly to pay fully any premium therefor. or in any respect fall fe per-
i ~ form, discharge. execute. effect, complete, comply with and abide by this covenant. or any part hereof, said Mertg-
aRee may place and pav for rich insurance or any part thereof without waiving or atfecting any option, lien,
equity or nRht under er by virtue. o[ this mortgage, and the full amount of each and every such payment shall #
~ be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per
crnturn per annum and together with such Interest shall be secured by the lien of this mortgage.
To permit, commit er salter no waste, impairment or deterlontlon of said property or any part thereof.
6. To pay all and aingutar the cwts, charges and expenses, including reasonable lawyer's tees and cwt of
abstracts o[ title, Incurred or paid at any time by said Mprtgtgee because and/or t the scent of the tallure
on the part of the said lrtortgaf:or to duly, promptly and fully perform, dlschariCe, esecutt. effect. completr,
comply with and aDlde by each and curry tM sttpulatlons, agreement. conditions and covenant of said promis-
sory note, and this mortgage, any or either, and Bald coats, charges and esperuea, each and every. shall br Im-
mediately due and payable, whether or iwt there be notice, demand, attempt to collect or aWt pending: and the
fL11 amount of each and every such payment shall bear lnttreat from the data thrreet tatW paid at the me of
Ira per certain per annum; and all Bald costs, eharga and tspeoses a incurred or paid. tsgtthrr tarltA such fa•
tersat. shall hr secured by Ne Ilen of Ws mortgap.
Bo1~33i P~2~341