HomeMy WebLinkAbout0652 Ths Mortgagor hereby ooveaanta with tbe Mortgagee, t~6at be is indete~uu'bl~ ~eised of ~id L?nd in fes
~nnpla or such otber estste~ d~aay ~e ie etsted heiein; th~t he has tull power and lawiul_righ~ to oonve~ the ~me
~s aforeeaid; that the U?ad is ire~ ~rom all encwnbr~aces esoep6 as herein other~vise recited; tha~ widlvtortgagos
~vill malce such further sest~nuoes to prave t6e ~tot+essid title to s~id l~ad in wid Mortg~gee as my bs n~son- j
•b~yreq uired, and th~ti said Mortgagor does 6eraby f~~vunati the titie to s~id Lnd, aad eve~ par0 thereot, ;
~ad will defend We w~me sgsins~ t~he la~vful claims of perwn whoansoeves. ~
• PROVIDED ALRATS tLOt l~ ~le Ib~Of~RgQj' tb~ p~ 11IIL0 ~ M~,.~o.e.. tlu~t oertain no ot ~
....e.s".. ~'Om1M0'~ ~ t
which ti~afollowic?~ is a subaf~utial ooPY, ~ wii; `
= 26,500.00 FORT PIERCE~~~.
JANQARY 29 ~ ~ 75 •
Fat ViLVS Ii~c~vsu. tbe uade~i~ned Pt'~~~e~ ~ P4~ ~
THE LOMAS & NETTLI~:TOh COMPANY
L?ws ai THE STATE OF CONNECTICUT~ a order, tLe prindpal sum ata~~ ~ S~t
;
WS~AND, FNE~HUND~RED }
AND NO/100---_.._~ ~__~~~---]~]ir~ 26, 500.00--- wIth int~re~ irom date a! ~
tbe rste of EIGHT AND ONE HALF----- fs i/2%) ~~nn~a an tbs ua~ t~oe w?t~ ~d.
The ~aid princip~l snd intet+est shaIl be pe?yabla st the oS'ioe oi The Lomas ~ Nettleton Campany
175 Orange Street
m New Naven, Connecticut 06510 • ~ Pl+~ ~ ~ ~Y ~ ~~6
delivered ar m~eWed to the debtor, in monthly inatallmenta d_TWO HUtiDRED THREE AND 79 / 100---- Ddlars
(i 203. 79------ commencing on the fiist d~y of r1ARCH ~ 19 75 • aad oontinuin6 an ths i
Srst day oi each month tLereafter until this note is fully paid, ezoept th~ty ii not ~oonar p~id, tLe final payment
of princapal and interest ahall be due snd psyable on the firat day of - gggRUARy 2005
privile~e ia rrserved to prepay at sn~ time~ without premium or fee~e entire iadabtednees or any pasf,
thereof not~I,eee tban the amount oi one ~netallment, or one hundred do (i100.00), ~rhichever ie lees. ~
If snp deficiency in the paym ent of any installment under this nots ia not msde good prior to the due dste
of the neat such ins_tallment, the entire princ~pal sum snd sccrued interest ahsll at onoe beoome due snd pay-
sble without notios at the option of the holder of thia ~ote. Failare to ezerc~se thia option abal! not o~ns4tute
s waiver of the right to exercise the same in the event of any subeequent defsult,. In tbe sveati oi de~fanlt ia the
payment of this note, and ii the same is collected by an attorne~ st Lw, the nnderaignod hereby agnee(s) t~o
psy all costs of collection, including a reasonsble attorney's fea.
This note is ~ecured by mor~a~ of even datq eaecuted by the vndersigned on oertun propert~ descn'be~
therein snd repreeents money actu_ w~ly used for Wis aoquisition oi wid propertJ ~or tbe im.provemanis iheroon.
Preeentment, protest, and not~ica are Lereb~ ~vaived.
~~?L~
ZiILLARD R. DINGESS
~S~L~
SANDRA S. DINGESS
~
~ [~RAL]
~ And ehaU dnlY, P~P~Y~ ~~~3' P~orm, diecharge, e~cute, e~ect, eomplete, aad- eompty witA and sbide
j by each and ever~? the stipulations, a~+eements, oonditiona, and oovenanta of eaid promieeory aote aad ot this
E mo*tgage, t6ea th~a mortgsge and the estste hereby created ahall oesee aad be null and ~dd.
~ The Mo~tgagor further oove~ante aa follows:
~ 1. 1~at he will pey the indebtednesa, as bereinbefore provided. Priv~eg+e ie ~+eeerved to P~'ePsY ~~Y
j withaut pr~m~ium or fee, the eatire indebtednees or aay psrt thereof not lees lhaa tbe amount of oae instsllmeat, oe
~ aoe bundred dollars (i100.00), ~vhicliever is lees.
2. In order more lullp to protect the securitp of this mortgage,~ the Mortgagor, together ~vith and in
sddition to, the monthl~ payroienta under the terms of the note secured hereby, on ttie first dav of eac~ inonth
uiitil the said note is fully paid, will pay to the Mortgagee, as trustee, (under the terma of this trust as herein-
atter stated) the lollowing suros: -
(a) ? sum equal to the graund reate, if any, ne~t due, plns tbe prenniuma that w~l next beoome due and PsYuble
on policiee of fire and oWer hasard inaurance oovenng the mortgaged propcrty, plus t~euces and ~ta
ne~ct due an tbe mortgaged propeity (all as estimated by the Mortgagee and of which the ~ortgagor ia
~ aotiSed) leas ~ll enma alreai~ p4id therefor divided by t6e number a# manWs to elipee before one month
~ prior to the dats ~vhea ou gtound rente, premiums, taxe8, and ae~eeeameats ~vill beoome delinquent,
~ ~uch eums to be held by Mortg,n~~eeintivsttop?y~d6ro~wdreuta,P~~,~ee,~~~~ _
(b) Tbe a~+~te of the amounts ps pureusnt to wbpera6raph (s) aad thoeepsysble an the note secured ~
~ hereby,~hall be paid ia a~psymeat each mmt6, t~o be applied to t6e fdlawin6 itema in tbe ordet
~ ~e~Led• • ~
~
~ (n ~d and otha 2~ard ineuranae prenniuma; t
~ (II) iateresst an the note secured Lereb~; and
- (IIn amortisstim oE tba principal uf ~aid note. •
~ -Any.de.ficiency in the unount oi such~regs
te monthly ~ayment aLaD, unleee made good by the Morw •
~ gagor pnor to the due dste of the ne~ct ~uch pay-ment, oonst~tute an event of detault under thia mortgage.
~ At Mortgagee's option, Mort,~agor w?ill psy s"late c6uge" aot ea~ceeding four per centum (4%) of any install-
~ ment w~henpa id more thaa fifteen (15) dsys after the due date thereoi to oover the extra expense involved in
~ hsndling delinquent ~aymente, but such "lat,e chsrge" ahall not be psyable out of the proceeda of any eale
~ made to eatisfy tLe indebtednees secured hereby, udess such proceeds ars su~cient to d~ech~?rge Lhe wLire
~ indebtednees snd all proper oosta and eapenses secured theroby.
~ 3. If the total o! the psyments made b}• the Mortgagor uoder (s) of paragnph 2 pre~ed'u~g ahall exceEd
~ the smount oi parment,s sctuallv made b~ the Mortgsgee, as trustee, for ground rente, taaes and aeseasmente,
~ and insursnce premiums, as the caee may be, such excesa sliall be credited on subeequenL payments to be made
~ b~ ti+e Mortgagor tor sucl? itema or, st Mortgagee's option, as truetee, shaU be refunded to Mortgagor. If,
~ hoWever, sueh monthly~ pevmenta shall not be su~cient to psg such iteme ~vhen the ssme ahall become due
~ a~dp~? -i?ble, then t~he Mortgagor sl~all pep to the Mortgagee~ ~s tn~stee, sny amount n to mske np
~ the d~caener. Sueh ps~-ment al?all be made ~vithin thirty (30) ds,vs aiter ~mtten notic;e t~e Mortgsgee
~ st~ating tbe amouat ot tho defiaency, Rhiah notica ma~ be gi~en b~ mu7. Ii at aa~ tims ths b~ortgaga ~6aU
~ R 800K PACE
~ ~o~~ ~ ~ 65~ 346
~
~
~ . .