HomeMy WebLinkAbout0821 I. we or either of us. whether principal. eecurity, guarantor~ endorser. or other party hereto. agree to
be jointly and eeverally bound. I or we, each further waive demand. proteat and notice of demanda. pmteat, and
nonpaymenk FEDERAL TRUTH IN LENDING DISCL03URFS
s. Cash Price ~ 8, 000.00
b. Total Cash Downpayment $ 800.00 ~ v~ d;:
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c. Unpaid Balance/Amoulnt F~nanced (a-b) $ 7, 200 00
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d. FINANCE CHARGE (oonsisting solely of a ~,cog~
time price differential) $ 2.159.40 ~ ~o~ j~
e. Deferred Payment Price (a~.d) $10,159 .40 ~ ~'S
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f. Total of Paymenta (c+d) $ 9, 359.40
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. protest and
nonpsyment.
MORTGAGOA FURTHER AGREES:
1. To make all payments required by that note and thia mortgage promptly when due.
2. To pay all taxes, sssesaments, 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 apecified in that note, shall
also be secured by this mortgage.
3. To oommit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
~ 4. To pay all expenses rea.4onably incurred by the Mortgagee because of failure of the Mortgagor
~ 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 thia mortgage.
6. If any payment provided for in that note is not paid within 30 days after it beoomes 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 oourt having jurisdiction thereof may appoint a receiver of
the mortgaged property and apply those rents and prnfita to the indebtedness hereb~ secured, regardleas 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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Signed; sealed and delivered s.,+:s
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p~~G p~:ER50N
inthepresenceof: FN~r u ~ ~
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^ r._ ^ r'L-• /t (SEAL)
~ SEAL)
As Witnesses to the Mortgagors.
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STATE OF
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COUNTY OF ~ • `
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' ' ~ to me '
Before me,
" well known and known to me t the individual described in~~tric~:w`~'~cuted the foregoing instrument and
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acknowledged before me tha executed the e`~b~'t~(~~pen~p0~ tfi ~ exPressed•
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Witnesa my hand and seal this_dL~day" ~
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~ .~Da at LARCE - ~
• . : u,~ E 6. 1918 N ~i~.. r.ti~erC~unty and 3tate aforesaid.
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