HomeMy WebLinkAbout2629 I, w•e or ~ither ~f us, u~hr±ht•r principal, security, guarantor. endQraar~ or other party hereto~ agree to
be jointl>• and se~~erally boun~l. I u: ti~•e, earh further wai~~e demand. protes~ ~ notice ot demanda, proteat, snd
n~npayrnent.
Fi:llI:1tAL TRUTH IN ~ENDING DISCLOSURES 3Q~~
a. Cash Price _ $ 7, S00 . 00 ~
i,. C'a:h T)c~n~npa~•ment ] S _QQ - .
c~. C'np.iid Y,al~iiice of C':~sh Price 6 375 00 ~
~moi2ni Financcrd (a-b) $ ~ • ~
~r ~
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~I. FItiANCF_. f~IARGE (consisting solely of a 3 568.68
time pi•ice c~iiTerential) ~ ~ ~
bAC
e. Deferred Yayment Price (a-t-d) ~ 11, 068 . 68 N'3CO+~~
Q y~i-aC~
f. T~~t:~~ ~r f~~?;~,;,t,,,z:; 1-a~ 9 943 .
, g , 68 i ~ ~
A\NUAL YERCE'~TAGE RATE 11. 99 ~o
I, ~ti•~, or ~ac•h of us, r;he±her principal~ securit~,- guarantor. endorser or other party hereto. a~_
I ;,,;r.+tr ~~n~~ ,c~~er:tll~~ l,oun,l. i ~r He, each further wai~=e demand, protest and notice of demand. protest and
tivSl~i:i1"TT:E Slt.
:~iUItTC.At,OR FURTFI~:1Z AGREES:
1. 7'o m~:ke ail pa~~r.:ent;: required by thst note and this mortgage promptly when due.
2. Tr, Pa~' a1! tase~, :~:;~::~;sments, liens and encumbrances on that property promptly when due. If
the~• are n,~' pr~~mpth ~,:~id, tr~e 1lortga~ee may pay them without w~aiving the option to foreclose. and such
~a~-ments, ~c-ith intere..t thei•~~:,:i trom t e date of payment at the same rate as specified in that note. shall
:?I"~ i~e ~.tiui•ed 6~- tni~ inor~~;.pre.
'I'o cor~i~iit, ~,ei-~t;:~, cr sutfer no Kaste, impairment or deterioration of the mortgaged property.
~1. T~> pa~• ap e~pe.t~~~~ rea;unably incurred by the Mortgagee because of failure of the Mortgagor
~o ccmply W~ith the a~rc~emen'. ii~ that note or this mortgage, including reasonable attorneys' fees. The cost
' ~hertx~f, .;•ith intei~est thes~~•u;i ii•vm the day of payment at the same rate as specified in that note, shall also
j i3e ,.~.ured i~t• th6s mort~;a~c.
i 5. I; .in~- p<«~:ncr3t :~lcd fc~r in that note is not paid within 30 days after it becomes due, or if any
i a~rei~nrent. in !hi~ nr~rtsJ.~:r» -~±'~t~r tha~~ the agreement to make the payments is breached. the entire unpaid
` prir.ci~~a1 ~,alance of tha*_ n~~t~= ~i~all immediately become due at the option of the Mortgagee, and the Mor~
` ~a~;ee mxti• ioreclo~e thi~ mi,rr_~_:~~e in the manner provided by ldw, and have the mortgaged property sold to
i ~tisf~- or apply +;ri the ir..ic•i~~._~~;~~c_s hereUp securEd.
~ i ne ~•~~r:t. :~;~ci i:~-~}~;~~ ~>f the mortgaged property are also hereby mortgaged, and if proccedings
€ to f~+r~~l~~:,e ch~:: m~~rt}~a:•F= :;t:::li ~.e in,tituted, the court ha~ing jurisdiction thereof may appoint a receiver of
~ thc r~~c~r~s;;;tie~~i ~~i•op~~rt~~ ~:~;c! ~~E:~,i~~ tn~,~e rents and profits to the indebtedness hereb3 secured, regardless of
! she 5o1~-ein•y- of the 11c+rig<~;<<~r ~~~r thf~ ade~ulcy of the security.
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~ I.~ ~l'~`f~I~,~:~ 1:"Iii-;i.l'.(~I~', the ~iortgagor has executed this mortgage under seal on the date and
ear :ir;t aum•e tisrit?~ii. .
~ ;;~.>;r.,~. 5e::ie~l a~ui rleii~-:.; .t .
~ in *,he E~r+,;:ence ~~C:
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" (SEAL)
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' S l'ATI? OF' _a?~ ,-~~'v a'. ;:U' c
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; ~+~~ll kn~~~.cn _:~~ri k-~~;ti~n i~~ t e individual escribed in and who exe the fotegoi~~~t~eat~gnc~
~ ~k,:~.,,, ;.,F 1~~>;;c-~ mt• ~t: uted the e for the pu ses ther ressed`"~, - .
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~1'i'i~r.<• rri~: i::~t~~i : .:ii this--~ ---daY ~ , . .
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otary in and the unty and State aforesaid.
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