HomeMy WebLinkAbout1032 I. we or either of us. whether principul. security. ~uarantor, enloiser. or other party hereto. agtee to
be jointly and aeverally bound. 1 or we. each further waive demand, pmtest and notice of damands, prntest, and
. nanpayment. FEDERAL TRUTH IN LENI)iNG DISCI.OSURES
a. Cash Price ~ 6, 500 .00
b. Cash Downpayment - ~ 650.00
c. Unpaid Balance of Cash Price ~ a
Amount Financed (a-b) S 5, 850 .00 N
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d. FINANCE CHARGE (consisting solely of a ~ f~ o
time price differential) 1, 754 .40 T~;
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e. Deferred Payment Price (a~-d) g 8 254 .40 ~ T~_ ~
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f. Total of Payments (c~d) $ 7, 604 .40 ~ c.,, ~o
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ANNUAL PERCENTAGE RA1'~: _1Q - 85 ~o w
I. we. or each of us, whether principal, security, gutu-antor~ endorser or other party hereto, agree to w
be jointly and severally bound. I or we, each further waive demand, protest and notice of demand~ protest and
nonpayment.
MORTGAGOR. FURTHER AGftEES:
1. To make all payments required by that note and this mortgage proraptly 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 ~vithout waiving the option to foreclose, and such
payments, with interest thereon fmm 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 .
4. To pay all expenses reasonably 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 this mortgage.
~ 5. If any payment provided for in that note is not paid K•ithin 30 days after it becomes due. or if any
E agreement in this mortgage other th~n the agreement to make the payment3 is hreached, the entire unpaid
~ principal balance of tha± note shall immediately become due at the option of the .l~Iortgagee, and the ltort- .
gagee may foreclose this mortgage in the manner provided by law, and have the martgaged pmperty 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 recei~er of
the mortgaged property and apply those rents and profits to the indebtedness hereb~ secured. rzgardless of
the solvency of the Mortgagor or the adequacy of the security.
IN WITNESS WHEREOF, the 1liortgagor has executed this mortgage under seal on the date and
year first above written.
Signed. sealed and delivered
in the p ence of : 9 v
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As ~Vitnesses o Mort~gors. ~ ' .
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STATE OF ~ ~ - _ _1 f' ~ ~.~:F--
COUIv'TY OF • , -a . ` ~ r~:
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~ Before me, - - ,-~-,Nrr ;td
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welt knuwn and kno~vn tu me the individual described in and ~vho executed the fo egoing inStrument and
acknuwleci ed before me tha executed th sa e for the ~
~ g ~ purpos~s expressed.
~ VVitness my hand and seal thi~~__day o
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Notary in and the un ~..~~d State aforesaid.
DIy commission expires _
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