HomeMy WebLinkAbout2032 1, we or ~ither of t!s, whether nrinci~~:~!, security. ~uarantor. endorser. or other partq hereto. ngree to
be jointly and severattp bc?und. 1 or ~tie. e;~ch further ~vnive demand. protest and notice of demands, protest~ and
r.~npayment. FDIsRAL TR[;T~I lI~' LF.NDI\'G llISCLOSURES
a. Cash Price q 12 , 000 , OQ 265~~~-
C1sh Do~+~npayment . $ I, 800. 00 ~
J r "'y~
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c. L'np<ii~l ~3.slance of C~ish Pricc ~ '~oeo
Amo~~tit I~ in.inced (.i-L) ~ 10, 200. 00 ~n~m=
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d. r1\A\'CE C~IAHGE (consistin~ volely of a ~ ~ o~
time price ditl'erential) , S 5, 7I2.00 ~ o ~~.p
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e. De£erreci P.iyment Price (a-;-d) ~ 17 12 . 00 ~ _
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f, Tut~31 of Paiynie~its (c-~d) • c 15, 912. 00 ~
A~\•L'AL PERCE\Tt1G~ RATE : Z~- • 99~0 .
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I. we. or ench of vs. ~+~hether principa?, security, guarantor, endorser or other party hereto. agree to
he ;oin!`S• a^c! ce~erallv iwund. I or we~ eac:~ fnrther wai~~e demand, protest and no!ice of uemand, protest ar.~ .
r.aipayment.
~1JF.TGAGOR FURTIiER AGRE~S: '
1. To make all payments required by that note and this mortgage promptly when siue.
2. To pay al~ t:exea, a~.qes~men±s, liena :end encumbrances on that proper;y promptly when~'dne, If ~
they are not nrc,mptly paid, the ~1'Iortc~agee may pay ±hem ~~~ithout ~raivin~ the option to foreclose. and such
p.:ymen*~, ~tiith ~iiterc~t thercon :rom the da!e of pa3•ment at the t+nme rate .3s specified in that no!e, sh:~l!
:~':+o ~~e ~ect~rec! ~~t• thi, mort~;age.
3. To commit~ ~jermit, or sut''er no ~~~sste. impairment or deterioration of the mortgnged property.
9. To p3y a!! expenses re.~.~onzt,ty incurred by the ~tortfia~ee becae~se of f~ilure of the ~'.ortgngor
!o comply ta•i~h ihe ~e;;reertient~ in t}~at note or this mort~;a~,?e, inchu3ing reason~bte attorne~s' fees. The cost
' nereof, with interes! thercun from the da} of n;iyment at the same rate as specifiecl in tha! note~ shal( atso
°~e secarcK: by this mort~;a;;e.
5. If any ~.tymen! ~ro~idecl for in •ha! note is not paid ~tiitfiin 3a clays after it becomes due. c?r if a~r~•
af~reement 1R this n~ori~;a~;e other than the u;rree~~en~ to make the payments is brelched, :hc entire unp:?i~i
,~rincipa! brelance of LhaL note shall immeciia!el~• L~ome due at the o{~tion of the :~1ort~;a~c~e, u~~d the '.1lort-
,•si~re may foreclose this mort~~::~e in thc m:uuecr pro~iue~l i~~• la~~. and have the mort~:t~ed pmpert~ so'.d !o
;:e:isfy or app.} on thc 111(ICF)LC(I[ICtiS herel,~~ scrured.
6. The renty and pru!its of the mort~a~;eci property are atso hereby mortgaged. and if orocee~'.in~,•s
!~i forec.'n:;e thi~ murt~<s~,~e tih.:~! t,e inKtitu~ecl, the courL havin~ jurisdiction thereof may a}?F:oint a recei~•er rf
•.he murt~,~a~,•etl ~r~pert~ :~nd appl~~ tho~e re~its and profits to the indebtc~lness hereb~• ~ecured. regarc'.~ess
'.'~e soh•e:~cy uf the ti`.vrt~,~a~or ur the adcy;uxc}• ~~f the. sect~rity.
I\ «':T\f;SS ~t'IiEItEOF, thc ~`~r+_~,ifior h1a esecuteci thi4 mortgage under seal on the da2e nn~s
vcar ~r~ct 1~~~e writ!ch. ~
Si~me~!, yea!ed aind deli~•crecl
i r~ the ;~rc~;encc ~?f : / ~
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Ati ~ti'i!~ye~~ 5 to thc ,1Qurt~a~~ors, ' ^
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STATf OF Q'f- ~
COC'~T~' OF
I;~~!'ore me~ ~ ~ ~ !o me
K•ei! kn~w•n and '~now n~o ~r.e to be the indi~ :clur_: described in and who e uted the forefioin~ instrtiment anu -
~c~cn~H•le~'~?e<' t~e`ore me '_h.~ _ erec~i'ec'. !he same for the Pnrposes !here~n expressed. _ , '
ti~'~tne~g my h.end and geal fhi~~Z:~~Luay of 19. 3-•''. t-~~. K.
p _
1~ldory ~~.61k. S~~N e/ F4rIJo M lor~~ ~ Q~ r;~~`..'~
JMr Cc,.nt..,,, EXqrt, E•-~ \ n for c County nnd Stnte~fo ~iii ~~~L~•'~~ ;
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londcd ~r Atnerican fk~ 6 Co?~o!1y Co. ~
~~V comm:99:OT1 ex~ires • J~'~~~n
g~Q~ Z19 PAGi 203~
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