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Home My WebLink About1206 The Mortgagor hereby covenaata with the I~lortgaKe~+, that ha is indetear.ibly seized oi said land in !oe aimple or auc~ ot6er eststet J sny as ie atated herein; t,hd~ he hus tull power and lawf ul right to convev t,he si?me aa aiareeaid; that the land ia iree ~rom all eacumbrances eucep~ sa herein otherwise recited; that saidlVlortgagor will make such lurther aesuranoea to provo the ~toressid til,l~ to sAid laad ia said !Viortgegee aa moy be reason- ~d will defen~dntdhe6~seaid Mortgago~ Joes hereby tuUy warrent the title to said land~ and every par6 W~ereot~ au agsins~ the l~wiul clai~ns of all peraoas wbomsoever. PROYIDSD ALWAYB t~18~ 1~ ~ile ~~OT~AgOr BbiU pi~ UIItO LIIA MO!'~Yg80 ~6~ CelLAIA plOII11880ty AOIs~ Ot which the following ia a substsnti4l copp~ to witi: i 26, 000, 00 Fon.t P~,eh.ce , F7or;d,?. 13~h Fe6nuany ,19 yS . FoA Vw~.us Rscsrvsn, the undecBigned promise(a) to psy to TNF L~MAS ~ N~Tf1~TON C~MPANy . s corpora'on organised and exiating ander the ~ ~ otthe Sxa.te os Connec,t,i.eu.t . or order, the principal sum of TGIENTS/ SIX TNOILS~WO and no/l00 ~ -----------------------------------------Dollars (t26~000.00 with interest irom date at~ the rste of FIGHT AND ~NE HALF P~ centum Pe.r annum on tbe unpaid balance until pe?id. The eaid principal aad intereat shall be psyable at the oR'ice of + The Loma.a - & Ne.t,tPe,ton Company ~ q,u,~ , or at such other plaee as the holder may deaignate in writing delivered or mailed to i6e de6tor, in monthly installment~ of VN~ HLUJUREV NINEfy NINE & 94/100 Dollsrs (i ] 99. 94 commencing on the first day of ap~,j,e , 19 y3, and continuing on the firat dsy of each month thereafter until this note is fully paid~ e~cept that, if not sooner paid, the Snal payment oi principal and interest ahall be due and payable on the 6~st day oi 2005. ~ • priviiege ia reserved to prepay at any time~ without premium or fee, the entire indebtedneeB or any part tdereot aot less thw the amouat o[ ooe installment, or one hundced doUus (E100.00), whichever ia lesa. Pcepayment in full shaU be credited on the date received. Putial prepayment, other than on an insWlment due date. need not be credited until the next [oUowing inataltment due date or thirty days atter such prepayment, whichever is eulier. If any deficiency in the payment of any installment under this note is not made good prior to the due date oi the neat such inatsllment, t6e entire principal sum and accrued interest ahall at once become due and Fay- ; sble without notice st the optwn ot the holder of thia note. Failure to euercise thia option ahall not constitute ; s waiver of the right to eaerc~se the same in the event oi any subsequent defaul~ In the event of default in the ' payment of thia note, and if the same ie collected by an attorney at lsw, the undersigned hereby agree(s) to psy all eoata of oollection~ including a reasonsble attorney's fee. This nots is secured by mortqage of even date eacecuted by the underaigaed on c~rtain property described therein and r8presenta monsy actua7ly used ior the acquisition of ssid property or the impmvementa thereon. Presentment, prote~at. and notice are hereby waived. s [s~J ~ V~LLA P. Z~LS RF n~ ~ I _ [s~l ; [s~.] ' And ahall duly, promptly, and fully perform, discharge, execute~ eHect, complete, and comply with and abide ~ by each and every the stipulations, agreements~ conditions, and covenants of said promissory note and of this ; ~ mortgage, then this mortgage and the estate hereby created shall ces~se and be null snd void. ' ¢ The Mortgagor further covenants as foAows: ~ ~ 1. 1`hat he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time~ without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or ' oae huadred dollars (f100.00), whic6ever is less. . ; 2. In or~ler morn fulir to prote~t the sc~curit}- of this niortg~ge, th~~ ~fort~;a~or, tog~ther v?ith, And in ; ~ addition to, thc~ n~onthl~- pn~'nients w~der th~ t~rn~s of ih~• notc~ s~~•ur~d h~~reb~•. on thr first da~- of ~~ac•h month ' ~ until th~~ ,aid not~~ is full~ puid, will pa~• ~o ch~ ~fon~ak~, a.~ trustee, (under th~ tern4s of this trust as 1?e~rein- : aft~r stateci) ihc follo~~~in~? swns: # ~ (a) A sum equal to t6e ground reats, if any, next due, plus the premiums t6at will next become due and payable ~ ~ on policies of fire and other ha~rd insurance covering the mort}~aged property, plus taxes and assessments ; neact due on the mortgaged property (all as estimated by the Mortgagee and of which the ~ltortgagor is ~ notiSed) less all sums already peud therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes. and assessments will become delinquent, w such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums,taxes,andspecialasses.sments. ~ (b) The aggregste of the amounta payable purauant to subparagraph (a) and those payable on the note secured ' hereby, shall be paid in a single psyment each raonth, to be applied to the following items in the order L ~ atated ~ (I) ground renta, taxes, assessmenta, fire, and other hasard insurar?ce premiuma; f (II) interest on the note ~ecured hereby; and (III) amortisation of t6e principal of said note. ~ Any deficiency in the amount of such a~gre~ate monthl~ payment shall, unless made ~ood by the Mort- ; gagor prjor to the due dste o[ the next suci? payment, constitute an event of default under this mortgage. At D'Iortgagee's option, Mortgagor will pay a"late charge" not exceeding four per centum (4%) of an} install- b ment when psid tnore than fiftecn (15) days a(ter the due date thereof to cover the extra expense involved in handling delinquent ~ayments, but such "late charge" shalt not be payable out ot the pror.eeds of any sale - made to satisfy the mdebtedness secured hereby, wilcs.4 such proceeds are sufficient to d~scharge the entire indebtedness and all proper costs and expenses secured thereby. 3. If tbe tota) ot th~~ pa~-nu~nts u~a~l~• h~- th~~ ~1orl~:i~or on~l~r (a) of para~;ruph 2 prcredin~ shall excced the an?ount of pa~-m~nts a~•tuall~~ nu~d~• b~• th~~ ~lort};a~;i•~•, us trust~~~~, for kroun~l r~~nts, tase~ and a~.~:ccments, and insurane•e pr~~~niun~s, a.~ th~~ c•a~ mu~ ~be, such ~xc~ss sha11 t?r cr~dite~i un sul?sc•yuent pa~-ments to t~ made ' ~ b~ th~ ~1ortKu~;or for su~•h itctns or, at ~tortgu~e~e's option, i18 trustcc~, shall }?e r~funded to tilortgago~'. 1f, ~ ~ however, such mont)~I~- pa~-ments 5hull not Ix~ stifTi~•i~•nt to pi~~• su~•h~ itcii~s w•h~n the same shall becom~ due ; and pa~•able, then thc ~(ort~a~or shull pn~- to th~• ~1or1};n~;~~~~, as traste~~, an~- uniount nece~ssan• to make up - the cle~iciene~•. tiu~h pa~-in~nt shaU tx~ n~a~1~ within t,liirt~• (:iU) da~•s ufter H•ritten notice from tl~e :~iortga~;ee stating the amount of the deficienc~, ~~1?ich notice may be giv~eR by mail. If at any time the Mortgagor ahall - BUOK ~~t~V PA6E1~.11V . _ ~ - . _ _ ~ ~