HomeMy WebLinkAbout1996 I, we or eithe: of us. whether principal. security, guarsntor. endoraer. or other party hereto. sgree to
be jointly and severally bou~d. 1 or we. each further waive demand. proteat and notice of demanda. proteak and
nonpayment. FEDERAL TRUTH 1N LENDING DISCLOSURBS
a. Ca.Sh Price $ ~g~8~
b. Ca.Sh Downpayment ~ g~ '
c. Unpaid Balance of Cash Price ~
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Amount Financed (a-b) ~ ~ ~ ~ ~
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d. FINANCE CHARGE (consisEing aolely of a c
time price differential) ~ - ^ _•:^i
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e. Deferred ~ay-mer.*_ Price (a-}-d) $-1~ . ' . - = r ~~Y
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f. Total of Payments (c-}-d) ~ 9~ a • Ov s ~°~r
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ANNUAL PERCENTAGE RATE
I. we. or each of us, whether prancipal. securitY. guarantor. endorser or other party hereto. agree to
be jointly and severally bound. I or we, each fur!her waive demand. pmtest and notice of demand, pr~test and
nonpa~ ment.
:~10RTGAGOR FURTHER AGREES:
2. To make all payments required by that note and this mortgage promptly when due.
2. To pay all taxes. assessments. liens and encumbrancea on that property prompdy when due. If
they are not promptly~paid. the Mortgagee may pay them without waiving the option to foreclose. and such
pa. ments, with interest thereon from the dste of payment at the same rate as apeci6ed 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 Mort;;agee because of failure of the Mortgagor
to comply Kith the agreements in that note or this mortgage, inciuding reasonable attorneys' fees. The cost
thereof, with interest thereon fror_1 the day of payment at the same rate as specified in that note. shall als~
be secured by this mortgage.
5. If any pa: ment provided for in that note is not paid within 30 days after it bec~omes due. or if any
agreement in this murtgage 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-
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 property are slso hereby mortgaged, and ~f 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 hereby secured, regardless of
the solvency of the Mortgagor or the adequacy of the security.
Ih R'ITNESS ~l'HFREOF~ the Mortgago: has executed this mortgage under seal on the date and
year first above written.
Signed. sealed and delivered
in the~resence of : ~ _ ~
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. , X _ / ~SEAL.~
~ ~ ` 7 L` ' .
.
' Q~n~r ' (SEAL)
s Witne.4ses to the ortgagors.
STATE OF_ ~ ~"r ~
r ,
~ COUti'fY OF _S~ -
~'~~l~.- ~ LY--..n C to me
Before me,
w ell know n and known to me the individual described in and who execu the foreg~o~ng instrument and
acknowledged before me that _ executed the for the purposes therei ex .
1 ~
Wjtne~s ruy hand and seal this ~ day of ~
, ~
. s'- ` ` r '
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s^ No in an fur t County and State aforesaid.
~+1y comt~isaiou' ~frpires - - •
. `~K ' ~ ~ BOGK 2~9 PAGE 1~~
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