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I. we or either of us, whether principal, security~ guarantor. endorser. or other party hereto. agree to
be jointly and severally bound. I or we, each further waive demand, pmtest and notice of demanda. protest, and '3
nonpayment. FEDERAL TRUTH 1N LENDING DISCLOSURES
a. Cash Price $ 8~ 500.00
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; ~ b. T~~ Cash Downpayment $ 2~46 5. 00
~ ° of cash price ~
~ c. Unpaid Balance/Amouht Financed (a-b) $ 6~035.00 , ~ ~
d T ~
n, ¢ D~ar~
~ ~ ~ d. FINANCE CHARGE (consisting solely of a N ~"s
~ ~ time price differential) $ 1 ~809.40 _ ~ T~~
~ a: ~ ~o ;
~ J~ e. Deferred Payment Price ~a+d) $10 ~ 309 •~+0 W W o~~s •
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~L ° f. Total of Payments (c+d) $ ? ~ 8~• ~ ~ _ ~N~^' .
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o ANNUAL PERCENTAGE RATE 10 • 85 ~o
I. we. or each of us~ whether principal, aecurity. guarantor. endorser or other party hereto, agree to
be jointly and severally bound. I or we. each further waive demand. protest and notice of demand, pmtest and
~ nonpayment.
~ ~ o ~;3 MORTGAGOR FURTHER AGREES:
~ a ~ 9 1. To make all payments required by that note and this mortgage promptly when due.
a ~ >
~ o ~ 2. T
o p a
y a
ll t a
xes, assessments. liens and encumbrances on that pro p erty promptly when due. If
they are not promptly paid. the Mortgagee may pay them without waiving the option to foreclose. and such ;
~ ~
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a
yments. with interest thereon from the date of payment at the same rate as apecified in that note. shall i
! Z~ also be secured by this mortgage. ;
; 3. To commit. permit. or suffer no waste. impairment or deterioration of the mortgaged property. ~
~ z~ 4. To pay all expenses reasonably incuned by the Mortgagee because of failure of the Mortgagor
~ ~~;3o comply with the agreements in that note or this mortgage, including reasonable attorneys' fees. The cost ;
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hereof, with interest thereon from t he day o f paymen t a t t he same ra
te as speci fi e
d in t ha
t no t e, s h a
l l a
lso ~
' ~ ~ ~ ~e secured by this mortgage.
~ 4~~$ 5. If any payment provided for in that note is not paid within 30 days after it becomes due, or if any
: S~~ ent in this mortgage other than the agreement to make the payments is breached. the entire unpaid
~ ~ incipal balance of tha± note shali immediately become due at the option of the Mortgagee, and the Diort-
gee may foreclose this mortgsge in the. manner provided by law, and have the mortgaged property sold to
~ - satisfy or apply on the indebtedness hereby secured.
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~ 6. The rents and profits of the mortgaged property are also hereby mortgaged, and if proc~~edings
; to foreclose this mortgage shall be instituted, the court having jurisdiction thereof may appoint a receiver of
~ the mortgaged property and apply those rents and profits to the indebtedness hereb~ secured. regardless of
~ the solvency of the Mortgagor or the adequacy of the security.
~ IN WITNESS WHEREOF, the Mortgagor has executed this mortgage under seal on the date and
year first above written. This instrument prepared by Lynn Rawley~ Gutdoor Resorts
~ Signed, sealed and delivered of Ameri ca , IIIC . -
: i e presence of : ~ ~ ;
~ 'Q~-' (SEAI.)
u -~L (~EAL)
As Witnesses to t e Mort ors.
- STATE OF Ly`~~~ ~r~`' ~ ~
~
" COUIv'TY QF .
. ~
, Before me, ' i--k f k~...~ ~ 0_ ' r~. to ~ne
well known ~a~ld.known to m~ to be the individual described in and who executed the foregoing instrument and t
~i acknowledged h~fore me that'~~~4~ 'executed the same for the purposes therein eacpressed. ~
~~.A . . V ' _ i
I
JI' Wituess my hand and seal this.~.~
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day of b`.~.r~'s . 19~-.~-
.
_ ~ • Notary in and the nty a d State aforesaid.
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t~= My commiseion expires 9(~
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