HomeMy WebLinkAbout2202 I. we or either of us, whether principa{, security. guarantor. endorser. or other patty hereto. agree to
be jointly and severally bound. I or we. each further waive demarid. protest and r?otice oi demands. protea~ and
nonpayment. FEDERAL TRUTH IN LENDING DISCLOSURES
a. Cash Price $~~000.00
L. C'ash Dowhpayment $ 1.950. 00
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r. Unpaid Balance of Cash Price 11. 050. 00 ~ m
Amount Financed (a-b) ~ m oGa
d. FINANCE CHARGE (consisting solely of a
_ time price differential) g 6,187. 76 _ ~cv~~~
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~ 7~p~n
e. Deferred Payment Price (a-}-d) $ 19,187. 76 ~ j~
s N .C
17.237.76 ~ +
f. Total of Payments (c-}-d) ~
ANNUAL PERCENTAGE RATE 44 L
I, we, or each of us, whether principal~ security. guarantor. endorser or other party hereto. agree to
be jointly and severally bound. I or we. each further waive demand. protest and notice of demand. protest and
nonpayment.
MORTGAGOR FU~tTHER AGREES:
1. To make all paymenta required by that note and this 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 aaiving 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
aiso be secured by this mortgage. "
3. To commit. permit, or suffer no waste. impairment or deterioration of t.he 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
i be secured by this mortgage.
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; 5. ~ if any payment provided for in that note is not paid within 30 days after it becomes due. or ~ any
4 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 3~ortgagee, and the Mort-
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 rents and profits of the mortgaged pmperty 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 indebtedness hereb3: secured. regardless of
the solvency of the Mortgagor or the adequacy of the security.
IN WITAIESS WHEREOF. the Mortgagor has e.recuted this mortgage under seal on the date and
year first above written. .
Signed, sealed and delivered
in the ence of : ~ ' ~ . ~
- x ~ (SEAL)
.
_ . ~ ~ - (SEAL)
As Witnesse the M rtgagors.
STATE OF ` ~
~
COUNTY OF . /
~ ~~L to me
Before me.
well known and known to m the individual described in and who executed the foregoing instrument and
acknowleciged, be~ore me' tha executed t e e for the urposes th rein ressed.
• i/
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; ' > , fG
~~VVitness rny= hand and seal this day of
_ , v fiQ _ ~y in an or the County and State aforesaid.
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My coclnih~~a~Ret?_exp~~e~~ .
= o R 228 ~197
' ~''+U ~ ~ Y .
3~ 60ox PAGE
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