HomeMy WebLinkAbout0095 I. we or either of us, whether principal, security. guarantor. endorser. or other party hereto. agree to
be jointly an~ ,$eve~ally bound. I or we. each further waive demand. protest and notice of demands, proteat, and
nonpayment. FEDEBAL TRUTH 1N LENDING DISCLOSURES
a. Cash Price $ 8, 000.00
b. ~i~t Cash Downpayment $ 800.00 ~o
m
of cash price v~
c. Unpaid Balance/Amouht F~nanced (a-b) $ 7.200.00 ~~~o~T ~
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d. FINANCE CHARGE (consisting solely of a ~~,o
time price differential) ~ 2.160~00 _ ~CGCT ~
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e. Deferred Payment Price ~a+.d~ $ 10,160.00_ = cN-~o W
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f. Totsl of Payments (c-}-d) ~ 9, 360.00_ ~ ~ ~
ANNUAL PERCENTAGE RATE 10.85 '(~t
I, we, or each 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. protest and notice of demand, protest and
nonpayment.
MORTGAGOR FURTHER AGREES:
1. To make all payments required by that note and this mortgage promptly when due.
2. To pay all taxes, assessments, liens and encumbrances on that property promptly when due. If
they are not promptly paid. the Mortgagee may pay them without waiving the option to foreclose, and such
payments, with interest thereon from the date of payment at the same rate as specified in that note. shall
also be secured by this mortgage.
3. To commit. permit~ or suffer no W aste, impairment or deterioration of the mortgaged property.
4. To pay all expenses res.sonably incurred by the Mortgagee because of failure of the Mortgagor
to comply with the agreements in that note or this mortgage, including reasonabte attorneys' fees. The cost
thereof, with interest thereon from the day af payment at the ,ame rate as specified in that note, shall also
be secured by this mortgage.
b. If any payment prnvided for in that note is not paid within 30 days after it becomes due. or if any
agreement in this mortgage other than the agreement to make the payments is breached. the entire unpaid
principal balance of tha± note shalt immediately become due at the option of the Mortgsgee, and the Ddort-
gagee may foreclose this mortgage in the manner provided by law, and have the mortgaged property sold to
satisfy or apply on the indebtedness hereby secured.
6. The rents and profits of the mortgaged property are also hereby mortgaged, and if proceedings ~
to foreclose this mortgage shall be instituteci, the court having jurisdiction thereof may appoint a receiver of
the mortgaged property and apply those rents and profits to the indebtedness hereb3• 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. Th1.S instrument prepared by Lynn Rawley~ OUTDOOR RESORTS,
Signed, sealed anc! delivered
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' in the presence of : G '
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-~(SFAL)
As itnesses to the Mortgagors. _
STATE OF ~~`-~k?~!~-~ ~ ~
COUNTY OF _ t ~ ' ' ,
Before me, 1 ~ ~7f I ~C',,,, /`S . ~`~''v to me
well known and known to me o the individuaJ described in and who executed the foregoinR inatrument and
acknowledged before me tha xecuted the same for the purposes therein expressg~i. '
~ .
Witness my hand and seal this day of 19~~
Notary in nd for the County and ~~tte
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