HomeMy WebLinkAbout5480 I. we or either of us, whether principal, security. guarantor. endorser. or other party hereto. agree to
be jointly and severally bound. 1 or we. each further waive demand. protest and notice of demands. protest, and
nonpayment. FEDERAL TRUTH 1N LENDING DISCLOSURES
a. cash ~~~e $ 8, ooo.o0 245~11
b. Total Cash Downpayment $ 1~ Z~•~ -
c. Unpaid Balance/Amouht Financed (a-b) $ Ci,BIIQ.~ ~ ~
d. FINANCE CHARGE (consisting solely of a oc~
time price differential) $ 8~ m n~.~j A'
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e. Deferred Payment Price ~a~d) $ 11, 808.04 ~ m~~C~
oy„~ m
f. Total of Payments (c-~d) $ 10.608.00 ~ °~~a
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ANNUAL PERCENTAGE RATE 11.99 ~
1, we. or each of us. whether principal~ security~ guarantor, endorser or other party hereto, agree t~o
be jointly and severally bound. I or we~ each further waive demand, protest and notice of demand. protest and
nonpayment.
MORTGAGOR FURTHER AGREES:
1. Ta make alt payments required by that note and this mortgage promptly when due.
2. To pay all ta~ces, assessments, liens and encumbrances on that property promRtly 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 waste, impairment or deterioration of the mortgaged property. _
i 4. To pay all expenses reasonably incurred by the Mortgagee because oi failure of the Mortgagor
F to comply with the agreements in that note or this mortgage, including reasonable attorneys' fees. The cost
~ thereof. with interest thereon from the day of payment at the same rate as specified in that note, shall also
F be secured by this mortgage.
~ 5. If any payment provided 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 p~yments is breached. the entire unpaid
~ principal balance of tha± note sha11 immediately become due at the option of the Mortgagee, and the Mort-
gagee may foreclose this mortgage in the manner provided by law, and have the mortgaged property sald to
~ satisfy or apply on the indebtedne5s hereUy sec~red. "
~ 6. The rents and profits of the mortgaged pmperty are also hereby mortgaged, and if proceedings
~ 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 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. _ .
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= SI 30A~~ a lV
~ in resenc o -
_ - (SEAL)
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` t ss~ to the Mortgagors.
- STATE OF ~l ,
COUNTY OF~ ~ ,
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- Before me, - ^
- well known and known to me to the individual descri in and who executed foregoing instrument and
= acknowledged beiore me that executed the same the urposes. th~ b exp ed.
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Witness my hand and seal this ~°2' day of . ~
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' Notary ti fo Th~ CounEy_aDd 3tate aforesaid.
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My commission expires ~ - -
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