HomeMy WebLinkAbout0798 1. v?e or either of us. whelher principal. security. ~uarantor~ endorser. or other pacty hereto. agree to
be ~ointly and severally bound. I or we, each further waive demand. Drotest and notice of demande, prote~t. and
nc•npayment. FEDERAL TftUTH I:~1 LEI~DING DISCLOSURGS
a. Cash Price ~ 6, 500 . 00
b. Cash Downpayment ~ 650.00
c. Ui~paid Balauce of Cash Price 5, 850.00
Amount Financed (a-b) S
d. FINANCE CHARGE (consisting solely of a
, time price differentisl) ~ 1. 754.40
e. D~ferred Payment Price (a-}-d) ~ 8, 254.40
f. Total of Payments (c-}-d) 604 . 40
ANNUAL PERCENTAGE ~tATE 1~ • 85 9'0
I. we. or each of us. whether principal. security. guarantor. endorser or other party hereto. agree to
be joi»tly and severally bound. I or we. each further waive demand. protest and notice of demand. prote9t and
nonpaymenk
~IORTGAGOR FUATHEB AGREES: .
1. To make all payments required by that note and thia mortgage promptly when due.
2. To pay all taxes. assesaments. 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
Y;;~ ;;,;Q~tQ, ~;t~ .n~p~~t thereon from the date of pa~?ment at the same rate as apecified in that note. ahall'
ahso he secured by this mortgage.
3. To commit, permit, or suffer no wa.9te, im~airment or deteriorntion of the mortgaged property.
-_~.-To
pay
att-
ex~ris~r~asonahty-tn~urced -b~-t~re-~'fortgsgee _ becaus~of-faiiure-af-~th~Martg
to comply ith the ~gceementa in that note or this mortgage~ including reasonable attorneys' fees. The coat
L'nerec~f. with interest thereon from the day of payment at the same rate as apecified in that note. ahaU also
Ue secured by this mortgage.
6. If any payment pmvided 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 biortgagee, and the I11ort-
gagee may foreclose this mortgnge in the manner provided by law, and have the mortgaged property sold to
satisfy or apply on the indebtedneas 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 indebtednesa hereb3 aecured. regardlesa of
the sol~ ency of the l~iortgagor or the adequacy of the security. ~
IN ~~'ITNESS WIiEREOF. the Mortgagor has executed this mortgage under aesl on the date and
year first above written. ~ ~
Signed. sealed and delivered
in the presence of : ~ ~ ~
. , -G-~-~
~ (SEAL)
~ ~ X ~~Cz-c~-.~.a~ ~ (SEAL)
As ~Vitnesses to the ~ortgago .
~ _ .
' STATE OF ~ ~
~ COUtiTY OF `
~ ~ ~ ~
~ Beforc me. tQ
wefl known and known to me o be the individual described in and who executed the foregoing in~trument and
acknowledged before me that pxecuted the same for the purposes therein expresaed. -
Witness my hand and seal th'~ ay of 19
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~ S~ ~ 12 36 PN 73
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~r . 6GJK ~~O PAGE ?97
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