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Home My WebLink About1002 ~ Mone•s~r ~b~ ~~e .Rr~ r~ M~~ rb.t u~ ~a~r~~~ ~edud oi uid land in ies imple or sucL other estate~ ii~aqy ae is ststed besein; t,hat has tull po~ver and L ul right to oonvev tha same ~e ~foresaid; tbst the laud u ired ~rom all encumbrsnoes eaoept as herein othenviee recited; that s~id11~Iortgagor will mske oucL furtber aasuranoes to prove tbe afot~esaid title to said land in ~aid Mortgsgee ~s m~~ be re,~son- sb req uired, and tbi?t said Mortg~gc?r does hereb~ i warran~ the title to ~aid Lnd, aad eve~ par~ thereof, un ~vilt detend the wne ~gsinsi the Lwiul aLims oi~ ~erwn~ wlwmsoever. PROYIDBD AL~YATB tLi1t ;f ~e ~Ol'~igQt' 6Li]i ~ yIItiQ ~ ~t ~p ~ np~ p,t , wLich thafollo~ring ir a subetawLial ooPJ~ to wii: ~ = 17,000.00 Fort pierce February 7 ~ ~ ~5 ~ Fo~ ViLVS Iiscscvsn, tbs undee~ri~ued pe+omi~e(~) to pq to THS LOMAS ~ NBTPI.ETON C~ANY L?we oi THE STATB OF CONNSCTICUTa order, tbe prineipal ~nm at SBVENI'SBN~TH~OI1~~4,ND~ tbs Dollara (i 17,000.00 with intereet iroan dste at tbe rate of Nine' per oeatum ( 9°J~ Per aaaum qi tLe uup~id ba~noe ~tntil paid~. Tha aaid principal i?nd interest sball be pe~yable st t6e o8'ioe p~ ~he ~~oas ~ Nettleton Company 175 Orange Street ~ . - in New Haven, Connecticut 06510 , or st such ot,hec p1~op as tLe holder =q~,y dee~ate in writin~ delivered or mailed to the debtor, in monthlq installments o~f ONE Hl1NDRED TNIRTY & 73/100 Dollars (i 130.73 commencing a~ the 5rst day of April ~ 1975 , and eontinuinE on tbe firat day of each month thereafter until this note is fuily p~ud, exoept tbat, if not soo~ner paid, the Sna1 paymen0 oi principal and interest shall be due and peyable on the Srat dsy oi March, 2005 , Privile~e is reserved to prepay at any time, without premium or fee the eatire indebtednees or sny part thereof not less th~?n the amount of one installment, or one hundred dol~ara (i100.00), rvhichever ia lees. If any deficiencp in the paym ent of any installment under this note is not made good prior to the due date of the neat such installment, the entire principal eum and socrued interest ehall st onoe beoome due and ~ay- sble without notioe at the option of the holder of thia note. Failure to ~zercise thia option ahall not oonstitute s~vaiver of the right to eaerc~se the same in the event of any aubeequent default,. In tbe event of default in the payment of this note, and if the same ie oollected by an ~tt~orney st Lw, the undetsigned hereby agree(s) to pay all oosts of collection, including a reASOnaWe ~ttorne~'a fee. This note is ~ecured by mo of even dat,~ ezecuted by the nndet~ei~ned on eertain deecribed iberein and represente money actu ueed for W~e iwquisition oi said propertiy ~o~r tbs improvo~ is t~o~reon. Preeentment, protest~ wd notice ~u~e Leseby ~vaived. HerberC Lee idynn [~f $rma L. ~ nn . [s8r?t] t ~ And ehall du2Y, Pl~P~Y. ~d ~1Y P~~~ ~ e~ecute, e.gect eomplete, aad eomply with aad sbide ; by each and ever~? the stipulationa. agreemeats, oonditione, and eove~anta of esid proanieeory note aad oE this ~ E ~no*tgage, then th~a mortgage and tbe estste hereby et+ested sha11 oeune aad be null aad roid. ` ; The Mort~aaor turther ooveasnts as foUows: - ~ 1. T'hat he ~rill pey' t6e indebt~iees,' as berEinbefar~ pmvided. Privilege ia reee~vad to pre~ay st anY ~ without premium or fee, the ~tire indebtednees or aay pe~rt thec+eo[ nat jees thaa tl~e amounti of ane ioewallment, at ~ one hundred dollsrs (=100.00), ~vhichever is lees. ~ 2. In order more fully to protect the securitp of this mortga~e,~ the Morigagor, together ~vith, and in ~ sd~iition to, t}ie monthl~ pa3-ments under the terms of the noLe secured hereby, on the firat dav of each month ~ u~~til the said note is full~ paid~ Rill pay to the biorigagee, as trustee, (under Lhe terms of this trus6 as herein- ~ aftcr atatcd) the following sums: ~ (a) A sum equal to the ground renta, if aay, t~t due, plua the preminms that will ne~ct beoo~ne due aud payable on policies of Sre and other hazard ineurance oovering the mortgaged pt+operty, plus taxes snd aeeessmenta ~ neat due on the mortgaged property (all as estimated by the Mortg~gee snd af ~rhich the Mortgagor is ~ noti6ed) lees all sums alread paid therefor divided by tbe numbe,r ~ mmt,hs to el~a~~ee before one month ~ prior to the date ~vhen su~ atound reata, preoniume, taxee, snd aeeeeeu?eate ~vill tiecome delinquent~ ~ wch suma to be held by MortgageeintruattoP'?Y~d~roundreata,P~~,~ee,aadepecialaeeeesmenta. ~ (b) 1'he aggregate of the amounta able ; pay pure~aat to subpsra6raph (s) aad thaeepa an the note secured € bereby, shall be psid ia w eingie Pe?Yment eoch manth, to be applied W the f~ iLems ffi fbo ordet ststed ~ m ~a s~a ~a ~ ~a p~~; . ~ (In mter~c on the note ee«u+ea he~; .na c~in ~ we ~c.~a noc~. _ ~ Any deficiency in the amount of aucha~egs te monthly ~aymeat shall, unIees made ~ood by the Mort- ~ gagor pnor W the due date of the next such psy-nnen6, oonsutuLe ui event of defsult under tLia mort~a~e~. ~ At Mortgagce'e option, Morigagor w~ill pay. a"late charge" not ezoeeding four p~r centum (4%) of any inst,all- : _ ment when paid more tLan fifteen (15) dsys after the due date thereof to oover the ractra expenae involved in : ~ handling delinquent paymenta, but such "late chsrge" sh411 no6 be psy~ble out of the proceeds of any sale - $ made to satisfy tLe indebt~dnesa secured hereby, unless such proceeda are su~cien6 tio diecharge the entirs ~ indebtedness sad all pmper costs and expPnaes eecured theroby. ~ 3. It the total of tl~e psymenta mscle b• t}~e Mortgagor under (s) of paragrsph 2 preceding ehall exce~d ~ t}ie aniount o[ pa~ ments actually made b~ t~e Mottgagee, as truatee~ tor ground rents, taaes and asseeamentd, _ snd inaurance premiums, as t}~e case msy be, auch excess el~all be credited on aubsequent payments to be made bt the Mortgagor !or such iteu~s or, at Mortgagee'a option, as trustee, shall be refunded W Mortgagor. If ho~vever, eueh n~onthls pavmenta ahall not be su~cient to psf such items ~vhen the s~e ahaU become due ~ axd pa-able, then the Mortgagor el?all pay to the Mortgagee, as trustee, sny amount neceasary to make up ~ the d~ciene~. Such ps}-ment ~~all be made within thirty (30) dsva ailer rvntten ~wtice fmm the Mortgagee ° otating tLe amounti of tbo deficiency, wbich notice may be gi~en by m~il. It ati auy time t~he Mortgsgor ~a11 , ` 0R~c~o ~ 804K~t~V PACf~~ ~ - _ - ~ _ ~ _ _ w . . . , _ . - _u