HomeMy WebLinkAbout2036 ~ ~orre.~ ~.~.ne..te~ ~ ~aa~+e~, t~.t ~ ~t~~ ~ased oi ~aid land i~? ies ~
impls or such otLer est~te~ ~i~~qy as i~ st~ted heseia; th~?t h~s tull power snd L ul.right to oonvev the e,?ms ~ ~
as sforeeaid; t~hat the ~atid ~s ired ~t~om all eacumbraaoes aaosp6 as het~in other~vies reated; that s~idlldorigagor
will make such furtber aeswranoes to p~+ore the atoresaid ~t3s to ~aid lu~d in ssid Mortgagee ~s auy bs s~eueo~ '
ab~y requind, and th~t said Mortgagor doea Lenb~ i w~rrant tbs tit~s to s~id Lud, ~ud evar,y pari t~ltiareot~
aad will defend the wne ~gaimt the Lw~Iul oLims o~i~ pe~no~ whom~oe~er.
Paov~aau ALw~:s thati ii t6e biortga~g~o~ ~1 pq nato tbe ~dort~ee tbat osrtaia promie~oi7 note, o~ °
wLich tLe~lolbMin~ is a~ubstant~ial ooP7i t~o wi~:
i 18,850.00 Fort Pierce
November 13 • ~74 •
~
Fos ViLV~ ~ tLs m~ieni~oed W+omLeG~~ ~ P~11 ~
TE~ LOMAS & NETTI.ETON COI~ANY ~ ~ ~ ~ ~ ~
,
Lws at THB STATS OF CONNECTICU'~ a ader, ths pr~neip~l wim d EIGHTESN THOUSAND EIGHT HUNDRED AND j
FIFTY aad no/ 100--------------- Do~4ts (=18 , 850. 00 wIth intereei! ~rom dats st '
tbe rste ctNipe and one half p~ ( 9 1/~ pae annum ou tbe ~op~id b~l~aee uaW Paid.
Tbe a~id prinapql and intes+est sbaII be pe~yabb ~?t tLs o8'ioe vt The I.omas ~ Nettleton Com~suy
175 Orange Street, New Haven, Caanecticut 06510 i
~ , or st ench oiher p~aee as the bolde~c~ m~ dee~oste in~writi~ -
delivered or mailed to the debtor, in mmthly ~tallmeats of ONE HUNDRED FIFTY EIGRT and 72~8
158.72 commencing on tLe firat da,,1 ~ JANUARY • 1~15 ~ and aoatinuing aa ths
Srat dsy of each month therenfter unta~ this note ie fuUy paid, eoccept t~ty if not sooner gaid, tLe final psyment~
of principal and interest s6aU be due and psyab1e on the firati dsy ot ~y~gg ~ 2004
Pri e is reaerved to prepay st an,y time, wit2iout premium or fee, tbe entire indebtednees or any part
{hereot not~esa than the umount of one u~stallment, or one hundred dollars (i100.00), whichever ia less.
If any deficaency in t~he p4ym ent of any installment nnder thia note ie not m4de good prior to the due dste
of tLe ne.~t such instaliment, the ent,ire rincipal sum and accrued inte~rest sbsll st onc~ beoome due and Fay
able without notioe at the optaon of the ~older of tbis uote. Failure to ezem,ise thia ogtion ahall not oonat~tute
s waiver of the right to eaem.ise the same in tLe eveat of a?ny subeequent defaulk In tbe event of detault in tha
payment of this note, and if the same is oollected by an stlorney st Le, tho nnd~ed hereby agree(s) to
PsY sll ooats of oollection, including a reaeonuble stt~~nej's fee. •
This ~te is aecured by mo of aven dat~ ezecuted by ~he ~mde~gned on aertain propert~ described
e
ihsrein and represeuts money acti used tor tbb wquieitioa oi wd propartJ ~o;t tbo improve~manio t~reon.
Preeent~ment, Prat~es0. ~ad aotioe ara bereb~ ~oed. ,
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•
. CAROtYN L. ILLS
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Md ahvl duly,pe~omP~7, ~ ~7 ~u8e, ~~k ~P~, ~dY v.ith aad abide '
~ by each and every the atipulstions, a~+eem~t,s, oonditiona,~i~vensnta of aud- n~ote aad d tbiis
~ mo*tgage, tLea thie mortgsge and tLe est~t~e he~y e~+ested aha1l oeaee and be aull roid.
i The Mort~or furtLer om?~ant~e sa fdlows:
~ 2. That Le willp sy the indebtedaess, as he~nbefaeB provided. ~'eiv~ie reee~ved to P~'d1~?Y ~~Y ~~i
without prem~ium oc fee, the ffitu~e indebtednees oc ~qy psrt tbereof no~ leae tbe amaiati of one ~llment, oe
ane hundred'dollars (i100.00), whichever id leee. ,
2. In order more fully to protect the security of this morigage,' the Mortgagor, toget~her ~vith, snd m ~
addition to, thc monthl~ pa~-menta under the terms of the note secured hereby on the Srst day ot each month
until the said note is full~• paid, aill pay to the Mortgagee, as truatee, (under t,~e terms of t,his trust as herein-
~[tcr steted) the following suma:
(a) A anm equsl to the ground reata, if aay, n~st due, plus tbe preminma tbat will n~t beooa?e due aad peyable
on policies of fire and other harsrd im~ure~noe ooveiwg the unortgsB~ Pz'oPe~Y Plua tsx,es and ae~eessmenta ;
ne:t due on the mortgaged PropertY (all as estimsted by tbe Moc~gagee sn~ of which the Mortgagor is $
notified) lees t~11 sums alread paid therefor divided by tLe nu~ber:uf montba to dspee be.fore one mon ~
prior to tbe de~te wrhea w~ ~round reate, Premiums, teucea, and aeBeeeu~ta will Leoome delinquen ~
such e~uma to be beld by Mort~~eeintrastttopsysaid6roundreata,p~oivms,ts:es,and~e~alaeeeeernents.
(b) T6e aagregate a[ the smounts pa pureuaat to ~ubparaarsph (a) aad thaeeps~~sL1e on the note secured
LereLy, ahall be paid ia a' ~e paywont a?ch manth, to be spplied to tbe fWowm6 it~us ia 1he a~dee
skted•
(n ~ aad otLer L~atd ineuranoe premiumsi :
(In int~rest oa t~he ~note .ecured Le:+eby; aad
~ (IIn amatisatian af the principal of ~eid not~e.
Any.deficiency in tbe amount of sucha~r~gste monthly ~ayment sbs]l, nnlees msde ~ood by the Mort-
~ g~ngor pnor w the due dste oE tbe ne~ct suchps
y-ment, oonstatutie an event of deiault under this mort~a~_e.
~ At Mortgagee's option, Mori r~rill pay. a"lat,e charge" not eaoeeding fout per eentum (4%) ot any install-
r
~ ment when psid more thsn f teen (15) dajys aiter the due date thereof t~o oover tLe extrs eupense involved in
~ handling delinquent paymen ts, but auch 'Lts cLarge" shall not be psyable out oi the pmceeda of any sale
msde to satisfy tLe in
ed
btedness ~eccured bereby, unlees such proceeds are w~cient to drechar~ the entirs
indebtedneas and all proper cwsts and e,xpenses secured thereby.
- 3. If the total o! tlie psyments~m4de by• the Morigagor under (s) of psragrsph 2 precfding shall exceed
tlie an~ount o[ pa~ menta actusllv msde by the Mortgagee as trustee, !or ground renta, tsaes snd seseeamenta,
and insurance premiums~ sa the case may be, such excesa el?all be credited on aubsequent psymenta to be made
br t1+e ~iortgsgor !or sucli iteina or, at Mortgagee'a_option, as trustee, slisll b~+ ntunded W Mortgsgor. If,
ho~vever, gueh monthly~~ pavments ahall not be sufficient, to p~f such items ~vhen the ssme shall become dus
ardp~ able, then the Morigagor ahall pap to the Mortgagee, ~e truatee, snY smonnt n~ee~ary to make np
the d~caene~. Such ps~-ment al~all be made ~vit~hir? ehirty (30) davs ~iter ~vritten ~wtice fmm the Mortgages
stating tbe amount of tbs deficieuay, t~hich notice may be gi~ea by m~il. Ii at an~ iims tbs ~Lortgagor aba11
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