HomeMy WebLinkAbout0829 I. we or either of us, whether principal, security, guarantor. endorser~ or other party hereto. agree to ~
be jointly snd severally bound. I or we. each further waive demand. protest and notice of demande, proteat, snd
nonpayment. FEDERAL TRUTH IN LENDING DISCL03URFS
a. Cash Price g 8, 000.00
b. Total Cash Downpayment $ 800.00 , ~ ~
c. Unpaid Balance/Amouht ~nanced (a-b) $ 7, 200.00 ~
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d. FINANCE CHARGE (consiating solely of a
time price differential) $ 2,159_40 ~ $
e. Deferred Payment Price (a+d) $ 10,~.59.40
f. Total of Payments (c~-d) $ 9, 359.40
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ANNUAL PERCENTAGE RATE 0_ 8 5 qo ~
I. we, or each of us, whether principal, security, guarantor, endorser or other party hereto. agree to ~
be jointty and severally bound. I or we. each further waive demand, protest and notice of demand, protest and '
nonpayment.
MOI~TGAGOR FUBTHER AGREES: ~
1. To make all payments required by that note and this mortgsgl~ promptly when due.
2. To pay al! 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
aleo be secured by this mortgage. ,
3. To commit. permit, or suffer no waste, impairment or deterioration of the mortgaged property.
4. To pay all expenses rea,sonably incurred by the Mortgagee because of failure of the Mortgagor
to comply with the agreements in that note or this mortgage, including ressonable attorneys' fees. The cost
there~f. with interest thereon from the day of payment at the same rate as specified in that note, shall also
be secut~ed by this mortgage.
b. 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- j
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 renta and profits of the mortgaged property are also hereby mortgaged, and if proccedings ;
to foreclose this mortgage shall be instituted~ the court having jurisdiction thereof may appoint a receiver of
the mortgaged prnperty and apply those rents and profita to the indebtedness hereb3 secured, regardlesa of ~
the solvency of the Mortgagor or the adequacy of the security. ~
~T WITNESS WHEREOF, the Mortgagor has executed thia mortgage under sesl on the dste and
y t above written.
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As` itnesses to the Mortgagors.
STATE OF
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COUNTY OF ~ ~
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Before me,~ c-~_._- - ~ c_ ' c`~ to me
well known and known to e to the individusl descri in and who xecuted the foregoing instrument an
ack~wledged before me tha xecuted the same or th~ pu ses the 'n expreased,
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Witness my hand and seal this J~~' J~day ,19
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. ~"'r'~•'~ I~ota~y in an for the County an ~S aforesaid.
My oommiseion expires '
~ 9GOK~~~ PACF S~
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