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Home My WebLink About0399 The Mortgsgor bereby oov~nants with tLs Mortgagee, thet he ie inde[eaaibly seized oi esid land in !ee ttmple or such ott,er esta~tet ii sn~? as ia ststed heirein; thet he has tull power and lswiul right to ounvev the e~me as ~foresaid; thst the lsnd ia ireo ~rom sll encumbrancee e~coept sa hereia otherwise recited; that eaid~iortgagos ~vill make such further sasunuices to provo the aforesaid title to euid Lnd ia said Mortgeigee ~s ma be reaeon• ablyrequir+ed and that said Mo y •nd will deiend the eame rtgag°r d°e° hereby i~ ~rarrant We taWe to s~?id lsnd, and eva .ry par6 thereot, age?ins~ t,he lewiul cl~ima oi pereons wLom.9oever. ~ Paoviasn ALweYS that it the biortgago~t sb~Il p~y uat,p ths Mottgsgop t~h;ti oertaia promisepry note, oi ~rhicL thafollowiog is subetaaL'u?1 ooPS, to wit~: . i 27,000.00 Fort Pierce February 4 .1~75 • Fan ViLVS R~c~vs~, t6e unders~gued promiee(e) to pyr to ~~~s and Nettleton Company, a Connecticut corporation, with principal place of business at 175 Orange Street, New Haven, Connecticut 06510 , s oorporat~a? ocdanised +~ad eao~ins nnder t6s Lws at Connecticut , a arder, the prinapal eum of 1~,renty-seven Thousand and no/100---------------------------------- Dailars (i 27,000.00 wit6 intereet froon date st the. rate ot e,ight a~ one-half per centum ( 8~e P~ ~nnum on the uapaid bvanoe until p~. Tbe paid pr;ncipal ~nd iaterest ehaII be psyable st the offoe af The Lomas and Nettleton Ca~any ia New Haven, Cormecticut , or st euch otber ple?oe as the Lolder msy de~te in writin~ delivered or mailed to the debtor, in monthlp installmenta of 'Itvo htmdred seven and 63/100--- Do11a~'s 207.63 commencing on the first day of A~ril , 19 75 ~ and oontinuing an the Srst day oi esch month thereafter until this note is iully psid~ eaoept thst, if not eooner p?id, the fina?l payment of principal and interest shall be due and payable on the first day of MarCh , 2005 Privilege is reserved to prepay at any time, without premium or fee tLe entire indebtedneas or any parti thereof not less than the amount of one inatallment, or one hundred dol~ara (i100.00), ~rhichever ia less. If any de&ciency in the payment of any installment under thia note is not made good prior to tbe due date of tLe neat such installment, the entire principal sum end accrued interest shall st once become due and Fsy- able without notice at the option uf the holder of this note. Failure to eaercise this option ahall not oonstatute a w~siver of the right to exercise the same in the event of any subsequent default. In the event of deisult in the payment of this note, and if the same is collected by an attorney at lsw, tLe undersignad Lereby agree(s) t,o pay all costa of collection~ including a reasonable attorney's fee. This note ia secured by mortga~e of even datelr eaecuted by the nndersigned on certain property deecn'bed therein and represents money actually used for the aoquisitaoa oi oaid pmpatty or the impmveman~e t~~eon. Preeentment, proteet, and notice are Lereby ~vaived. ~ ~ t~1 s/ bert Warren Cooper, Jr. /s/ Lawan Cooper I~] And shsll dnl~9, P~P~Y. aad fully perform, d'ischarge, execute, e8ect, oompkte, and- oomply with snd abide by each and every the stiPul~?tions, agreements, conditions, and oovenante of said promiseory note aad a[ this mo*tgage, thea thia mortgage and the eatate hereby created shall oease and be null and vad. ; Tbe Mortgagor further oovenante as followa: ~ i l. That he ~vill pey the indebtedness, as hereinbe.fore provided. Privile~e is reeerved to prepey at aay time, without premium or fee~ the eatire indebtednees or any part thereof not less tbaa the ~?mount of one inatallment, or ' ane hundred dollara (i100.00),'vhichever is lesa 2. Tn order more lully to protect the securit~y of this moriga~;e,~ the Mortgagor, together ~vith, and in ~ zddition to, the monthl~ pay-menta under the terms oi the note secured hereb~, on the first day of each month ~ until the said note is fully paid, will pay to the Mortgagee, as trust,ee, (uader the terms o! this trust as herein- ~ atter stated) the following suma: F A sum equsl to the ground reate, if any, neat due, plua the preminme that ~v~l next beoome due and psyable s on policies of fire and other ha:ard insuraace oovering t6e mortgaged property, plua taues and assessments ' ~ neut due on the mortgaged property (all as estimsted by the Mortgagee and of ~vhic6 the Mortgagor is ~ ~ notiSed) less all eums alreadq ps~d ther~for divided by the number of months to elapse before one month a prior to the date ~vhen such ground renta, premiums, taxes, aad aeeessments will become delinquent, ~ euch suma to be Leld by Mortgageeintrusttopay8aidgrcwndrents,premiuma,ta:os,aadspecialaesessments. ~ (b) The aggregate of the amounts psyable puisuant to enbparagraph (s) and thosepa yable on the nate eecured ~ bereby, eball be paid ia angie Pe?ymeat esch month, to be spplied to the following items in tLe order sta~ted ~ (n ~rbtwd reata, tasea, ~te, fii+e, aad otiher h~ard ineuranoe premiuma; (In interest on the note sec~red hereby; and (IIn 8anortisatioa at the principal of eaid note. ` An deficien in the smount af such~gg~gate monthl a p, ay y F yment shaD, unleee made gooci by the Mort- ~ gagor pnor to the due date of the next euch pa3 ment, constitute an event of default under this ynortgsge. ~ At Mortgagee's option,l~Iortg ager will pey a"Iste charge" not exceeding four per centum (4%) of any install- ; ment when paid more than fifteen (15) dsys after the due date thereot to oover the e~ctrs ezpense involved in ~ ~ hsndling delinquent ~~qments, but auch "Iste charge" ahsll not be psyable out of the proc:eeds of any sale ` ~ made to satisfy the ~ndebtkdness eecured hereby, unless such proceeds are su~cient to d~schuge the entire ~ indebtedness and sll pmper costg and expenses eecured t6ereby. ~ 3. If the total of tl~e payments made b• the Mortgagor under (s) ot paragraph 2 pre.ceding ahall exceed ~ the amount o[ ps~•ments actually made b~ t~e Mortgagee, as trustee~ tor ground rents, ta~ces and asses.gment~, ~ snd inauranee preuiiunis, as t)ie case may be, euch eacess aLall be credited on subsequent pa}~rnents to be made ~ br t~e Mortgsgor for auch items or~ at Mortgagee'8 option, as trustee, ahaU bc+ retunded to Mortgagor. 1f, ; however, eueh monthly pavments shall not be auff'icient, to pas such items when the ssme shall become due _ ~rd 3ablt, then the Mortgagor shell pav to the Mortgagee, aa trustee, sny amount necessery to make up ~ i}u+ ~efic.ienc,r. Such pe~-ment sl?all be made within thirty (30) dovs siter wntten t~otice trom the Mortgagee ~ stating tbe amount of tlw de6ciency, wluch notice may be given by mail. Ii st any time the Mortgsgor shall ~ ~ Boox ~t~6 PACE ~399 ~ ~ ~Y~ _ , ~ . . ~