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Home My WebLink About0720 The ~Iortg~gor bereb~ eovenanb with ths Martgageey t~L~t Le ~aet~~~ ~eised oi uid laud in ies rimple or such other estute ~f~wy aa is at~ted he~ein; th~t he Las tull power and !s ul.right to oonvev the snms •a aforessid; thst the !wd is ired ~rom all encumbr~noee e~coept as Lerein othenvise recited; th~t ssid~Iortgagor will make such further ~esw~noes to prove tLe atoresaid titk to ssid land ia said Mortgagee r?s m~y be reason- par ~blyrequired~ snd tL~t said Mortga~or does 6ereby f ~vunn~ tbe title to said l~ad, ~?nd eva .ry part therooi, •ud w~ill defend the wne agaimt the Lwiul olaims of perwm whomsoever. PROYIDBD AL~VATB ~~t 1I tLe I4~Oi~igO~ BbLu ~ 11IIti0 ~0 M~OiT~~~90 ~t OOl'WIL pi~0II316601'f ~O~E~ 0~ ~vhic6 tLafolbwing is a substa?ntial ooP7i io wii: i 38, 90~.00 Fort Pierce i F1o~cid~. February 7 ~ 1~ 75 . Fwe ViLVS the un~CSi~Oed P~G~~ ~ P~1 ~ THB LOMA,S & NETIZETON COZ~ANY , t eocporatian o~nised aad e~etina nnder ths ]s~ a[ THB STATB OF CONNBCT ~~~r~ t~e ~nppal w~m cf TH~TY-EIGHT TNOUSAND NINB H~ 6 NO/100 Do~lsrs 38,900.00 with intereet fmm dste st the nte o[ ,eight ~ one-half per oeatum ( ~°fo) pee annum cn t6~o unp~d balw~oe titaW p~id. The said principql snd intereet ~a11 be p~e~yaWe at tLe o~oe a[ The I.amas ~ Nettleton Company 175 Orange Street ia NeW Haven, Connecticut 06510 , or st euch ot~L~er pl~o6 ~s tbe Loldar msy deeigoa?te in writin!( delivered or mailed to tbe debtor, in monthly installments of Tfi~O M1ND4BD NINETY'NINB ~ 14/l0~ollars (i 299.14 oommencing on the first day d April ~ 19 75 ~ and eontinuins on t6e first dsy of each month thereaf ter until thia note is fully paid, exoept tbat, if not sooner paid, the final payment~ of principal and interast ahall be due snd pay~?ble on the first day of ~arch , 2005 , Privile~e is reserved to prepas st any time~ without preanium or f the ea4tire indebtednees or any part ~ e tbereof not less than the umount of one uistallment, or one hundred do (i100.00), rvhichever ie less. If any deficiency in the payment of any inatallment under thia note is aot made good prior to the due date of the neat such installment, the entire principal aum snd accaved intert+st shall st once beoome due and Fay ~ble without notioe at t~?e option of the holder of this note. Fuilure to eaerci»e this option ahall not oonstatuta a waiver of the right to exemase the same in the event of any subeequent detaul~. In the event of default in the psyment of this note, and if the eame ie oollected by an sttorney st Lw, the undereigned hereby agtee(e) to pay all oosts of collection, including a reaeon~ble attorney's fee. ~ ~ This note is ~ecured by mort~;a~e of even datq ezecuted by the nndere~gned on eertwn property desca~ibed tberein snd represente money actius~y uaed for tLie soquieiGion oi e~id propart~y~o~r tLe improvemenia the~ceon. Preeentment, protest, and notioe are Lereb~ ~ived. ' Leo Hayes . L•illie May Hayes ~ [SEAL] { [8~1?L~ ~ i E And eh~ill du17~, Pi'o~P~Y. and ful]Y Pei~'~, ~h~'Be, ~P~~, and eomply with and sbide ~ by each and every the stiP~~~, ~?ditions, and eovenauta of es~d ~ prooni~ssory ~wte snd of this ; mo~tgage, then thia mortgsge and tbe eBtate herEby os+eated shall oenee ~ud be null aad ~oid. ~ The Mort~ar further oovenanta as followe: ~ g 1. That he will pey the indebtedness, a$ l~errSnbefoce provided. Priv~ege is re~eerval to p~+epsy st aay t~me, ~ without premium or fee, the entire indebtednees or auy psrt thei+eof not lees t~haa tbe amount of ane i~etallment, at ~ one hundred dollars (i100.00), ~vhichever is leeB. ~ 2. 1n order n~ore lully to protect the aecurity oi this mortgage,~ the Mortgagor, together ~vith, and in x addition to, the monthh~ pa}~nents under the terms of the note secured hereby, on the first day of each month until the caid note is fu~l~ paid, v?ill pay to the Morigagee, as trustee, (under the Lerms oi this truat as Lerein- ~ alter gtated} t}~e following sums: ~ (a) A eum equal to the ground reata, if aay, next due, plus tbe premiuma t~?t will next beootne due and papabie on policies of fire and other hasard ineursace oovermg tbe mortgaged property, plus tsxee snd ae~sessments ~ nert due on the mortgaged property (all ae estimsted by t6e Moctgagee snd of which t6e Mortgagor is ~ notified) lees all wms already paid there[or divided by tbe number d mmtha to elepee before one month ~ prior to the date ~+hen such 6round reate, premiuma, ta~cee, and ~ta ~vill become delinquent, ~ such sums to be held by Mortgageeintniattopsyea~damundrenta,P~~,~eB,~~~aeeeesa~enta. ~ (b) The aggregate of the amounta ps pureuaat to eubPsra6*sPh (s) ~ad thoeeps~~ble on the note iecured ~ hereb , ahall be psid in s ang~ymeut esch month, to be appl~ed W the fNtowin6 items ~ Uie orde~e ~ ~ (A ~d ~nd otLer basatd iaeursnoe premiums; . (In intereet on tbe note ~ecurad bereby; aad ; r (IIn amortisation at t6e principal of osid note. Anp deficiency in the smount of auchaggregtte monthly ~syme~t ahaD, nnlees mada 6ood by the Mort- gagor pnor w the due dste of the ne~ct such psy~ment, oonsWtute ~n event of defsult under thia mort~age. ~j At Mortgagee'8 option, Mortgagor w~ill pay s"l~te charge" not exueeding four pez centum (4%) of any ~nstall• ~ ment v?hen paid more th~n Stteen (15) dsys sfter the due date thet~eof to oover the eactn eapense involved in - handling delinquent Faqmenta, but auch "late chsrge" shall not be psyable out of the proceeda oi any asle ~ made to satis[y fhe indebtkdneas ~ecured hereby, unle,as such proceeds are ~u~cient to diecharge the entire indebtedneas i?nd all proper costs wd expenaea eecured thercby. v~ 3. If the total ot the psymenta madR by• the Mortgagor under (s) oi paragn?ph 2 precedin shall eaceed ~ ~ thP amount of pa~ ments actually n~ade b~ the Mortgagee, as trustee, for gtound renta, taxes an asses.gmenta, and insurance premiums, as the case may be, euch excesa ehall be credited on subsequent payments to be made ~ br tl~e Mortgagor for sucl~ items or, at Mortgagee's option, ae tn~stee, shall be refunded to Mortgagor. If, ~ ho~vever, eueh monttily pa~nnenta ahall not be eu~cient to pas sach itema ~vhen the same ahaU become due ~ swd pa~•sble, then the Mortgagor ahall pav to the Mortgagee, as tn~atee, any amount necessary to rrieke up ~ t.hp de~iciencr. Such pa~-ment al~all be made r~vi~hin thirty (30) dava aiter wntten ~~otice trom the Mortgagee stating tLe amount oi tho deficiency, which nohos ms~ be gi~en by msil. Ii ~t ~ay time ibe Mortgsgor atull ~ ~ eooK~~ ~ 7~ ~ . . _ = - s