HomeMy WebLinkAbout0346 The Mortgagor hereby oovenanta with the Mortgage~?, thst he is ~ndefeanibly seized of eaid Lnd iti !ee
wmple or such other eatatet ii any aa is steted herein; t~hat he haa tull power and lswiul righti to oonvev the eame
aa aforeeaid; that the la~d is ire~ ~rom all encumbranoes e~coept as herein othecwiae recited; thst ssidl~Iortgagor
~vill make auch turther asswruiues to provo the atoreeaid 4We to said 14nd ia ssid Mortg~gee as msy be reesoa-
sb requie+ed, snd that eaid Mortgagor does hereby i wurrant tLe title to wiid land, ~wd evory parti Wereoi,
~?n ~viU defend tbe w~me ageinat the lswful claims oi~ pereons ~vhomsoever. ~
• Paovinan 1kL~v~YS that if the l~iortgagor ah~ll pay unW tbe Mottgagae th~~ oert~in pmiaiseory note, oi
~vLich tbafollowing io a subatanti~?1 ooPB, to wi~:
= 26,500.00 FORT PIEFCE~~~.
t iARCH 1, ~ l~ 75 •
Fon ViLOS R~cs~vm, tLO ~e~d Promise(e) to P~4Y ~
THE LOMAS & I~STTLFTON COMPANY
p . ~ni
Ie?ws af THE STATE OF COivT;ECTICL'T~ pr prdec~ tbe prinppd sum p( 7'i~~ Sa
XI THOUSAND, FIVE HiJATI)~RED
AND NO/ 100--------------------------Dd]ars 26 , S00 . 00--- with interest from date ~t
iLe rate at EIGHT AND ONE HA,LF----- P~ ~8 1/2%) Pee' aanum on tLe unpaid balAnoe uatil paid.
The ~aid principsl snd interest shall be pe?yable st the o~oe af The Lomas 5 lvettleton Company
175 Ora~ge Street
~ New Haven, Connecticut 06510 , or at sucL other plaoe as the holder nuy deeignate in writin6
delivered or mailed to the debtor, in monthly installments d~,~p ~~g~ ~g~~ ~ 79/ L00---- ~1~s
203 . 79------ commencing on the S~at ~day d r1ARCIi ~ 19 75 ~ aad. oontinuin6 on t6~e
first day of each month thereafter until this note is fuIly paid, exoept tbat, if not eooner p~id, the final payment?
of princapal and interest shall be due and payable on the Srat day of g BRuAiLY 2005
Privilege is reserved to prepay at any txme~ without premium or fee the entire inde~tednees or eny part
tbercof not lesa than the amount of one inatallment, or one hundred dol~ara (=100.00), whichever ie less.
If any deficiencp in the paym ent of any installment under this note is not made good prior to the due date ~
of the next such ins_tallment, the entire principal eum and aocrued interest shall at once beoome due and pay. ;
sble without notioe at the option of the holder of this ~ote. Failure to exercise this option shall not oonatatute ~
a a aiver of the right to exercise the same in the event of any subeequent defaul~. In the event of default in the
payment of this note, and if the same ie collected by an sttorney st L~v, the undersigne~ hereby agree(e) to ;
psy all costa of collection, including a reasonable sttorney's fee. :
This note is secured by-mort~a~e of even date~ ezecuted by the undersigned on oartein property deecn'bed }
therein and repreeente money actiually used ior the ~cquisition of oaid proper~y,or the impmveme~nis t~reon. ~
Presentment, protest. and notioa sre Lereby ~vaived. ~
1
. ~~1 ~
ZiILI.ARD R. DIi1G~SS ~ ~
~
SAI~TDRA S . DI3r'GESS ~
[BaAL] ~
t
~~L~ :
` And ehall du~9, ~P~Y. ~d ~Y P~o~, execute, e~ect, eompkte, and- eomply with and abide _
by each and every e stipulations, agrcements, aonditions~ and oovenante of eaid promiesory note and af this
mo*tgage, thea thia mortgage und the eatate hereby crested rhall oesae aad be null and vad.
The Mortgagor further covenants as follows: :
~ 1. lbat he w?ill pay !he indebtedness, as her~inbefore pmvided. Privilege ie reeerved to P~P~Y st aay time, t
' withont prem~ium or fee, the enti~e indebtednees or any pax~ thereof not lees thau the aonount of ane i~tellmeut, or
E ooe hundred,dollars (i100.00), ~vhichever ie leea.
; 2, In order more full to rotect the sccurit of thia mori
y p y ga~;e, the Mortga~?or, together ~vith, and in
3 sddition to, the monthl~ pa~roients under the terms of the note secured hereby, on the first da~ of each month
€ wriil the said note is fu~l~ paid, v?ill pay to the Mortgagee, as truatee, (under the terms o! this trusL as herein-
att,er stated) the following sums:
~ (s) A sum equal to the ground r~te, if any, neat due, plus the premiuma that will next beoome due and paysble ~
~ oa policies of fire and other hasard insurance oovering tbe mortgaged property, plus taxes and aesessments '
~ neat due m the mortgaged propertq (all as estimated by tbe Mortgsgee and of ~vhich the Mortgagor ia ~
~ - noti6ed) leeB all eums alrea~y pwd therefor divided by the number of mmths to etspee before one month ;
pnor to the dste ~vhen such ground renta, premiuma, taxes, and aeeeesments will bec:ome delinquent, ~
~ ~uch aums to be held by Mortgngeeintn~sttopayeaid6roundrents,premiums~ta~ces,andspecialaeeessmenta, t
4 (b) T6e aggregate of the amounta pe sble pu~uant to sabpnrsgraph (a) aad thoeeps~ysble on the note eecured _
~ Lereby,~hell be psid ia s sing~e PsYmeat each manth, to be applied to the i~1lo~vir~ items ia tbe oedet -
p stAt~ed:
~ {1} around re~nta, tasee, aeeeesmenta, fin, and other hASKrd insuranae premiuma; 3
- (In interest on the note ~ecured ~enby; and
(IIn amortisstian of the principsl of ~aid not~ ~
_ -Any.deficiency in the amount oi such aggregate monthly p~yment sbsD, nnleee made good by the Mort- ~
; gagor pr~or to the due date o! the next such psyment, const~tute an event of default under this ~nortgage. ,
At Mortgagee's option, Mortgagor ~vill pay s"late charge" not exceeding four per centum (4%) of any install- ~
; ment when paid more th~n fifteen (15) days after t.he due date thereof to oover t6e ext,rs expense involved in ~
handling delinquent ~syments, but auch "late chsrge" shall not be payable out of the proceeda oi sny sale `y
~ msde to eatisfy the indebtednees eecured hereby, unless auch proceeds ara su~cient to d~echa?rge the entire ~
indebtednees and all proper cwsts and expPnses secured thereby.
~ 3. It the total of the payinents macle b• tLe Mortgagor under (s) o! paragraph 2 pre.ceding ahsll exceed
~ U?e smount of pa~ ments actually made b~ t~e Mortgsgee, as trustee, !or ground rents, tiuces and asses.gments,
' and insurance premiums, as the case may be, such excesa sl?atl be credited on subsequent paymenta to be made
~ b~ ti~e ;Viortgagor !or sucl~ iteins or, at Mortgagee's option, ae truatee, shall be refunded to Mortg4gor. If, ~
~ however, sueh monthly pavments shall not be du~cient to p~y such items ~vhen the same shall become due
~ a~d pa-sble, then the Mortgagor shall pav to the Mortgagee, ~ truetee, any ~mount necessary to mske up ~
- t}u? d~cienc~. Such ps}-ment shall be macie writhin thirty (30) dsvs a(ter wntten notice from the Mortgagee ~
_ sta?ting tbe amoun~ oi t~ho de6ciency, ~v2ricL notice ma~ be gi~an by msil. It st aay time tLe Mortg~gor ~11 ~
~
;
800K ~J6 PACE 346 S
~
3 _
~J- ,~x
xx,,.. _ . _