HomeMy WebLinkAbout5492 I. we or either of us, whether principai, 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 demands. protea~ and
nonpayment. FEDERAL TRUTN 1N LENDING DISCLOSUBES
a. Cash Price ~ 8, 000.00 2~5~~
b. Total Cash Downpayment $ 800.00 .
~C ~ T
c. Unpaid BalanceiAmouht Financed (a-b) $T
0.00 i A~
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d. FINANCE CHARGE (consisting solely of a ~c~r~i.m~
time price differential) $ 2.159 .40 _ o,~ ~ T~o
~~ag~
10,159.40 ~
e. Deferred Payment Price ~a~-d) $
~ Oy~A
f. Total of Payments (c~-d) $ 9, 359 _40_ ° sv
ANNUAL PERCENTAGE RATE 10.85 w ~
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, prote3t 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.
i 3. To commit, permit. or suffer no waste. impairtnent or deterioration of the mortgaged property. _
~ 4. To pay all expenses reasonably incurred by the ;~tortgagee because of failure of the Mortgagor
j 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
; 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 payments is breached, the entire unpaid
~ principal balance of tha± note shall 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 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 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 ~'~'H OF. the Mortgagor has executed this mortgage under seal on the date and
year first above written. ,.,?s
~ Signed, led and deliver , . . ~
~ in th ence of • ~
~ . \ ~
„ ~ (SEAL)
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~ - - ~ / 1s~ C ~ ~ ( SEAL)
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As WiCnesses to the ort ag~rs.
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STATE OF
_ ~ _
`~z COUNTY OF-+- - • ~
- Before me _ r to me
well known and known to me to ~ the individual described in and who executed the foregoing instrument and
acknowledged before me that t executed t same for the p s~~.'•t?i~Y .
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Witness my hand and seal this~S day of ' .
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~.~.:o c~ No tyin and ~,Coun y anid_ ts~te aforesaid.
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~ My commission expires . , ~
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