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HomeMy WebLinkAbout2570 The Mortg~gor Lereb~ oo~enanb with tLe Mortg~gea, t~t l~s i~ indeiea~ib~j seised ot ~aid luid ~n ies ~mple or such oWer est+~te~ tf~sny as is stnted heran; that he has tull power and bwiul righ~ to convey -the sums as atoresaid; th~t the land iu ired ~rom all encumbnaoes e=oep0 as berein otherwiee recited; th~t ~aid Mortg~g~or will m~lce sucL furiher aeswtiaoes to provo tLe atoresaid title to said Lad in wd Mortg~gee aa ma~ be reueon• ~?b required, and t~?~ said Mortg~gor does hereby i ~varrsn0 tLs tiUs to ssid and eve;7 P~ ~~~i wiU defend ths ~ame ~g~inst the lowiul olaims of~ ~~oas whomwev~ PROYIDED ALNATd ~itt ~t ~1A MOT~ig01' tLiu j~~ yDtip ~LA MQl'~~~ promiepry note, ot which tLalolbwiu~ is a aubatantial ooPJ, t~o wz~: . i 28,500.00 ~ !ort Pi~rc• i I+~odd*. ~ D~c~ab~s 23 i 1~ 74. lp'oie v.ws Iisca.m, ths uadee~ip,~ed prooni.e(•) to pyr to . 1'H~ LO!!~= b ~l~I.L'~OM 00l~A1R • ~ eo~pon~an orpnised ~od e~ undee ~s Inw~ ot T8t d~l?i! 0~ COI~C?IC'!~; ae adee, tbs prinotpal ~um 9f 141i1l1?-~ ~113~110 ZI1R HIIl~m aod l10/100 Ddla:s (i Z8,S00.00 wit6 iatare~i irom dsts at !be rate ot ~ita P~ ( 4%) Pae' annum on the unpaid b~nas uatil p~id. Zbe ~~id princip~l sad int~+eet ~hall be psyable st the offioe ot ~e La~sa 6 ltattl~too Co¦~paqy 17S Orang~ 8tsaat, Uw Bavan, Coan~cticat 06510 in , or at ~uch o~bee~ plaoe w tLe Loider nny deuign~e ia writia~ ddivered or m~iled to the debtor, ~n monthly inst~llments af i1i0 ~ l~fi?-11nR 6 71/100 Dollars (i 229.71 oommeacina oa the fire! dsy of ~sbraar~ , l~ 7S , snd oontinuin~ an ibe 5rst day of each month tLereafter until tbis note ia lully paid, eocoept t~?t~if not wo~r_pai_d, tLe Snal ~uyment of princapal and int~erest aLall be due snd psysble on the Srs~ dsy oi D~crtb~es, Z004 , Priv~ege ~s reserved to prepay st. any time, ~vitbout premium or fee tbe entire indebtedness or s~r part thareof not lees than the amou~t of oae uffitallment, or one Lundred dol~u~e (=100.00), w~hicheve= is lees. If sny deficiency in the payment ui any installment under thia note ie not msde gcwd prior to tha due dste oi the nezt auch inatsllment, tLe entire principal sum snd ac~crued interest shall st onoe beoome due snd Fay sble without notioe at tLe option of the holder of this note. Failure to ezemiee this option shall not oo~tttuts s Rsiver of the right to exercise the same in the event of any subeequent deisul~ In the event at defsdt ia the psyment of this note, and ii the ssme is oollected by an sttorney st Lw, the undersigned Lereby sgree(a) to psy sll caste of collection, including a reasonable sttorney'a fee. ~ T'hia note is secured by mo ?age of even datqr ezecuted by the nndereigned on oertain propert~ deecn'bed tberein and repreeents money ac~~w~ily used for th(s acquisition of oaid propert, ~os tbe improvemania t~+sow Present,ment, protes~. aad not,ice ~re Lereb~ ~vaived. _ / ~ / Bnbert Aclo~an Aandtr . ~~,1 . Zob~lt eC1~tR H~aa~d] ' . , [~1~] ~ ls/ ~srilyn Joan Handy ~gv~ Marily~ Joaa Baodj ~ I~] . And ~sU dn17, .~~'l P~~, ~e~, ~P~~, ~nd~ e~pl~r wita and abide bT a~ch wd ever~? ~Pulstioma, ag~+eemmta. oonditio~s, aad ooveosate at e~id- ' nota and ai this mortgaga, thea tWs mortgage and the estute hereby ere~ted ~11 oanee aad be null Tad. Tbe Mortgagor turt~her oove~ata ae idlowe: - ~ 1: ' T6ict be vvill psy the indebtednee~ as he~e+embeio~e P~ided. Prim'~e ie reeer~ed io prepgy st an~ timq- withontprem~um or fie, the entire indebtednees or aay psrt tbereof not leee tbaa the amount af age ~ellm~t, ac aoe Lundred idla~ (i100.00), whichever ia lees. " - 2, Tn order more fully to protect the eecurity oi this mortgage,' the Mort~a~or, together ~vith snd in sddit.ion to, the monthlf paS~rnenta under the terms of the note eecured hereby, on the firat dav of eac~ month until the said note is lully psid, w~ill pay to the Mortgagee, ss truatee, (under th~ teru~s of thi~s trus6 as herein- aiter stated) the iollowu?g su~s: , . (s) ? sum e4w1 to t~e ~ramd rente, if any, nezt due, plus tbe pr~ninms thst w~l next beoome due aad psy~sl~e bn poiic~es of fire aad other Laaard ineurauoe oovering tbe m pa~opertY Plus ts~c~es snd aeeeasmenta nezt due on the mortgaged PropertY (a11 ae estimated b~y~ tLe ortg~gee aq~. . which'_ the Mortgagor ia noti6ed) lees all euma~y pnid'tberdoi ~vided'b~`~he'n~bet d'mdd~he ~~p~ before oae month • prior to the date when wcb ~rrottnd rents, pz+emiums, ts:ee, arid aesee~anents wili Leooine delinquent, . ~nch eums Lo be hdd by ~ozt;a~ecmtcuattoP~Y~6~~~~,P~'emiums,te?:es,~ade~~alaeeeesmente. (b) 1be a~e~?te si ibe saonats pureuant-tc1.+b~b~r~ap~ (s),apd 1,lweeps on the note eecured bereby, ~1i be paid 'm ~e p~yiaant e~oh sna?th, to'be appl~ed to tbe f~ iteao~ ia tbe ader - 1r~ted. # m~d ~ sad other buasrd i~raaoe preaniums; ~ (II) intereet an the note ~eoured L~+eby; aad (IIn sa~ortisat~ap d the principal of nid note. ~ Au~.deficiency in tbe amount of such~grega te monthl~ ~ayment sbaD, nnleee made good by the Mort- ~ gagor prwr to tLe dua date .of the ne~ct suchpa 3 ment, conaWtute :a eveat of defsult under tLis mortgage. At Mortgagee's option, Mortgsg~r ivill psy s"late charge" not esceeding four per centum (4~Jo) ot sny install- ment w~henpu d more than Sft,een (15) darys after the due date thereof to oover tLe ea~trs eapeose involved in handling delinquent p~yments, but auch 'lste c6uge" ahall nat be psyable out of tha proceeda oi any sale msde to saLisfy the indebtkdneas secured Lereby, udees sucL proceecL~ at+0 wH'icierit to d~echuge tLe entire indebtednesa and all prope~r oosta and eucppnses secured thereby. - 3. If the total of tl~e paymenta made by the Mortgsgor uoder (s) ofparagrsph 2 preceding shall exceEd the smount ot pa,rment,s actuallv made bi the Mortgagee as tn~stee, for ground renta, tsxe.s snd assesaments, and i~unnce premiums, as the caee msy be, such excees 81~sU be c.redited on subsequent psyment~ to be made br tlie Mortgagor tor sucli items or, ~t Mortgsgee's option, as trustee, shall bE refunded to Mortgagor. If, however, aueh nionthlf~ psvments ahall noC be sufficient to pas snch it,eme ~vhen the same shall bec~ome due a~dps}-able, then t~he Mortgagor shall pay to the Mortgagee, as trustee, sny smount n to make up thr d~6c~aener. Snch ps~-ment ~isll be made ~viLhiu thirty (30) d•,vs afl,er ~vntten »o~ice from Mortgagee ~ting ~e amounti ot tbo de6cieacy, which notice may be gi~en b~ ms1. Yi ati aa~ tims Ws Mortgagor ~hall ~ - ~ - ~ . - ~ ~ ~ _ ' ~ ~ i _ „ _ u ~ , . _ ~ .