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and ahatt perform. compty wtth and abtde by each and every the
aDreements, sttputetions, cond~t~ons and covennnts thereof. and
~ of thts mort~a~e, then thta mortpa~e and the eatate hereby
~ c~eated, shatt ceASe. determine and be nutt and void.
A~d the mort~s~or hereby further covenanta nnd a~rees to
p~y promptty when duo the principat and tntereat ~nd other aums
of money provided for in said ~ate eRd th~s mortpn~e, or etther;
to pay a1t and si~~utnr the taxes, assessments. levi.es.
~ liabtiittes. obli~ations. and encumbrences of every nature on satd
proparty; to permtt, commit or suffer no waste, impairment or
detertoratton of said tend or the ~mprovements thereon at n~y time;
to keep the buitdi~qa ncw or hereafter on said tand fulty insured .
in a sum of not less than NtL
in a company or compa~ies acceptabte to the mort~agee. the
poltcy or potictes to be hetd by. and pnyabte to, s~td mortgn~ea,
and tn the avent any sum of money beaomes payebte by virt~e of
such tnsurance the mcrtqapee shatl have the ~t~ht to recetve and
appty the aame to the tndebtedneas hereby secured. nccounttng
to the mort~n~or for any surptua; to p~y ail co~ta, cher~es, nnd
expenses, includin~ lawyer's fees and tttie aearches. reaaonabty
incurred or petd by the mo~t~e e~ because of the fai~ure of the
mort~n~or to promptty and ~uiiy Compty wtfh the a~reements.
sttputattons, conditions and covenanta of satd note and this
~ mort~a~e. or etther; to parform. ~compiy with and a?bide by eech '
a~nd every the a~reements. stiputa#tona. condtttons and covena~ts
sat ~forth tn said note end this mort~ape or either. !n the event
the mortpa~or f~i1S to p~y when due any tax, assessment, inaurance
premium or other sum of money payabte by vtrtue of satd note and
this mortpnAe, or elther. the mo~t0a~ee may pay the same. without
watvin~ or affectin~ the opt2on to foreclose or any other right
hereunder. and alt such payments shalt bear interest from date
thereof at the ht~hest tawfut rate then atiowed by the taws of
the Stata of Ftortdn. ~ - -
~ If t~ny sum of money heretn referred to be not promptty paid
withtn THIRTY days naxt after the same becomes due. or tf each
and every the a8reements, stipulations, condtttons and covent~nts
of satd note end thts mo~tgafle, or either. nre not fuity pe~formed,
camptied with and abided by. then tha entire sum menttoned tn
satd note, and this mortgn~e, or the entire batan~e unp~?td thereon,
shatt forthwith or tharea~fter. at the optfon of the mortgn~ee,
become and be due and payable, anythtn~ in satd note or heretn
to the contrary notwithstandi~g. Faaiure by the mort~agee to
exerctse any of the rt~hts or opttons harein provtded shalt not
constttute a waiver af any rt~hts or options under said note'or
' thts mortgage accrued or thereafter accruing.
j In Witness Whereof, the satd mo~tgagor has hereunto stgned
and seatad these presents the day and year first above wrttten.
~
f. Si~ned. sealed and detivered in
~ preae c of:
Q•
i ss .
~ X
ness .
a ness
8382'73
~ ness 2? :37
STATE OF MtC GAN
COUNTY OF - -
fiLED A,~t:',
I HEREBY CERT 1 FY that on th is day. before me, 88U~-~~eY,r.. =~-~~K
•duly author tzed tn the State aforesaid and tn the Cc$Tn~~C~~
aforesatd to take rtcknowted~ments, personalty appeared
.IOHN A. FERaUSON and CAROL J. FERf3t1SON, h~s w t fe
to me known to be the person(s) descrtbad tn and who executed
the forepoing tnstrwner~t:•and they acknowled~ael befora me that
they executed the a f:'. •
WlTNESS my hanp1`r~ officiai seal in the County and S ate
,3 iast aforesatd,~~`'t~f' dny of , 1987 A.O.
• ~ ~ . , <<:
- ~ : .'•,,.~i.
( SEAL ~'L w• ~~!~~''s r~r~ Y o r tc
.
. r'~.'.-,~" XMy Commt~ston Expiras:
Th ts I nst j 'nt: pari~ "by.:
LOR 1 P;, S : : = ~
Chetse~l 1e•,E:ba~lpaln~:' DALE L. N~FIDERSHOT ~
, 285 ~ ~ E.: ~o~ry P~~ W~ ~~h. ~o~ 551 PAGE 959
, q f ~
, A~y Commission Exqr~ Sep~ 3. .1933
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