THIS DEED OF MORTGAGE made and entered into on , by and

Between

"Mortgagor," 515 S. 7th st. Wilmington nc

currently residing at ,
In the county of ,
and ,

Hereinafter referred to as “Mortgagee,” currently located 393 Saltwood lane porters neck
at ,

Wilmington nc 28411 , in the county New Hanover

of

by which term includes any holders) of this Mortgage, with mortgage covenants, to secure payment of $400,000

$ the principal sum.

THEREFORE, the aforementioned real estate property will be held and retained by the Mortgagee

as security for repayment of the sum with interest, under the condition(s) that the Mortgagor, his/her

heirs, executors, administrators or delegates will pay to the Mortgagee, his/her heirs, executors,

administrators or delegates the monthly sum of $ , which

includes interest, until such time as the aforementioned sum has been repaid in full to the Mortgagee,

his/her heirs, executors, administrators or delegates, and that during such time, the Mortgagor, his/her

heirs, executors, administrators or delegates shall retain, maintain and have full use of the real estate

property aforementioned.

IT IS HEREBY AGREED AND DECLARED, that should the Mortgagor fail to make any of the agreed

upon payments to the Mortgagee with interest on the agreed upon date that payment becomes due and

payable, the Mortgagee shall then have the right and become entitled take possession of the

aforementioned real estate property with the purpose of selling said real estate property in an effort

to recover any and conditions and extensions of this Mortgage incorporated herein as referenced.

THIS DEED RECORDS THAT in pursuance to the said agreement and in consideration of the sum 150,000
$ ,

at or before the execution of this DEED./ paid by the MORTGAGEE to the MORTGAGOR, the

Mortgagor hereby agrees that he will make prompt and timely payment to the Mortgagee on the

8th , day of this month (herein after known as the "due date"), the sum of $ 250,000
 With the interest at the rate 6.500 % until such time as the repayment of the sum in full has
of been paid in full.
THIS DEED FURTHER RECORDS THAT in consideration of the aforementioned,

the Mortgagor hereby expressly consents that the real estate property is located at

393 Saltwood lane porters neck Wilmington NC 28411 , in the city of Wilmington ,

In the state of North Carolina is executed under seal, and the parties have placed

their hands On this date of 03/08/2023 ,

Brian Lacount
(First Mortgagor Signature)

(Second Mortgagor Signature – if any)

WHOLESALE ELECTRONICS UNLIMITED LLC

(First Mortgagee Signature)

(Second Mortgagee Signature – if any)

Signed sealed and delivered in the presence of:

Brian Lacount
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