HomeMy WebLinkAbout1076 1. we or either of us. whether principal. security. guarantor, endorser. or other pArty hereto. agree to
be jointly and aeverally bound. I or we, each further waive demand, protest and notice of demande~ proteat~ snd
nonpayment. FEDERAL TRiJTH IN LENDING DISCL4SUBES
a. Cash Price $ 7, 500 . 00
b. Cash Downpayment $ 750.00
c. Unpaid Balance of Cash Price ~ia~oz.(t~
Amount Financed (a-b) $ 6,? 50 . 00 ~ a
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d. FINANCE CHARGE (consisting eolely of a w~,
time price differential) $ 2, 024.90 ~ o~`
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e. Deferred Payment Price (a-}-d) S 9, 524 . 40 ~ r
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f. Total of Payments (c-}-d) ;$.??4 • 4 ~ -z K c O
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ANNUAL PERCENTAGE RATE 10. 85 "
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I. we. or each of us. whether principal~ security~ guarantor, endorser or other psrty hereto, agrce to
be jointly and severally bound. I or we, each further waive demand. protest and notice of demand. protest and
nonpayment.
DSORTGAGOB FURTHER AGREES:
1. To make all payments required by that note and thia 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, ahall
:ilso be secured by this mortgage.
3. To commit, permit. or suffer no waste, impairment or deterioration of the mortgaged property.
4. To pay alI expenses reasonabty incurred by the Mortgagee because of failure of the Mortgagor
to comply u•ith 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. aha11 also
be secured by this mortgage.
6. 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-
~;agee 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 thia mortgage shatl 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 aecurity.
IN ~VITNESS WIiEAEOF, the Ddortgagor has executed Wis mortgage under seal on the date and
year first above written. '
Signed, sealed and delivered
in the preaence of : ,
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As Wi ness Moitg ; r°,~ r~ V:
STATE OF . ~
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Before me 4 tt~ me
well known and known to me to ~e the individual desrxibed in and who ex ted the foregoing inatrument and
acknowledged before me that executed~t~ie e for the purposes th ' expressed.
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Witnesa my hand and seal thiR~O day of ~
Notary in and r th County an State aforesaid.
~Iy commiaaion expiree
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