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Home My WebLink About2141 . ~ - i , . j . ~ The ~iortgagor hereb~ oovenanta with tbe Mortgagee, t~at he is indeieau'bb ~eized ai eaid Lnd in ies ' dmple or such other esteteR J~sny ae is stated herein; tha~ he Lsa full power wd l~wful rigbt to convev t6e u~ms ae atoreeaid; ths6 the lwd ~s ire~ from all encumbrsnoes ezoept as herein othenviae recited; th~t said~iortgagor will nnake such further sesuru~oes to prove We ~foresaid titla to ~aid laad ia ~aid Mortg~ges as mn~ be reasoa- sblyrequiced, and tba~ said Mortgagor does 6enby full7 w~uran0 tbe titie to ~aid land, ~nd eve~y part Weraot, ~nd ~riU defend tha wne ti tha lqa?ful claims oi all ai againa penon~ whomeoever. PROYID$D AL~I/AY9 ~tt lI 1~}le ~~OT~ tL~ ~lv 11Dtp tL0 MO~~80 ~i~r 00[~ln 11tOID1BB01;' DO~i of ~ which tbafolbwing r a subotawtial ooPJ, to wiL: ' i 2g, 300.00 Fort Pierce ~ I~foiic~. ~ February 19 ~ 1~ 75 • ~ Fae VaLVS R~cuvsq f,6s uaderai~ned P~e+omise(e) t~o Py? to TH6 I~OMAS bc N'S1'PI.E10N ~0l~At!iiY ' - , s eorpora~tan ae~anised and ~ t~nder t~s ~ ~ L?ws ct THB 8TAT6 OF QONN~CTICIT~ ae ader, tbe prmcipal w~m ot 1~iBNrY-BIGHT THOU8AND TtIItBB ~p ~ NO/100 I)ollara 28,300.00 with inte~+es! iram dste st ~'~'t° °f gight ~ one quarter P~ (8 1/4%) pee annuin an tLe unp~id b~laaoe unW p~id. The ~end pnnc,pal aad inteneeit du~ll be psyable at tbe o~oe of ~t,e I,omas b Nettleton Company, j f 175 ~!'8II$@ $tY@et i ~ in Neir Haven, Conaecticut 06510 , or ~?t such otLer glaoe as tLe Ldde~ ma,y d~?te in writin6 ; delivered or mailed to the debtor, in monthly installmenta af Tii~O HUPIDB~ 1~LVE b~ 82/100 ----Dollars ; (i 212.82 commencing on the Sr~st day af April , 19 75 , aad oontinuing aa tLe ~ first dsy of each month tLeresfter until this note is iully psid, e~coept thsfiy if nu~ ~ooner p?id, tLe Snal psyment of princapal and mterest ehall be due and pay~?ble on the Srst dey oi ~arch i 2005 • Privilege ia reserved to prepsy et any tSme, without premium or iee tLe entve indebtednees or anp part thereof not lees than the amount of one mstallment, or one hundred dol~ers (=100.00), ~rhichever is less. H sny deficiency in the paym ent of any installment under this note ia not made sood prior to the due date of the next such installment, t6e entire principal sum snd sccrued intcreet ahall at onoe beoome due and Fap- ; sble without notice at the option of the holder of this note. Failure to ~zem,iee thia option ehall not oonstatute ~ s waiver of the right to exerc~se the asme in the event of any aubsequent defaul~ In the event of default in the 1 payment of this note, snd if the same is collected by an attorney st lsw, the ttnderaigned Lereby agree(sj to ~ psy all costs of collection, including a reasoneble attorney'e fee. This note is secured by ~o of even dat,q eaecuted by the underaigned on oe~rt~eun property deecn'bed # therein and repreeenta money sctu used for thfa acquisition oi r~sid propert~y ~ar t~e improveiaenia t~eraon. ~ Preeentment, pmtesk and notice sre hereby w~ivod. - ~ , ~ [s~st;~ ~ Daniel Phipps I.amont } ~ [~?L] ; ~ Linda I.smont . ~ser?~,~ ; f ~ And ebsll dnlY, P~P~Y. ~d ~Y P~~, aiechsrge, e~cecute, eBect, eomplete, aad- eomply with aad abide F ~ by each and ever~? the s~.iPul~?ti~, agi+eemeate. oonditions, and oovensnta o~ oaid romiseory note ~ad e[ this ' . i mo'-tBaBe, thea tWe mortgag~e and the estate hereby cz+ee~ted shall oeaea ~ad be null void. E Tbe Mortgagor further oovenaate as follows: ; ~ 1. That he ~vill pay the indebtedneea, aa tie.reinbe~ore provided. Privle~e ie tesened to rrepey st aay time, ` withoat prem~ium ~ f~e, the eatire indebtednees or aay par~ th~reot not lees t~han the amawt of ane inatallmeat, oe ~ : one handred dollars (i100.00), whichever is leee. ~ D 2. In order more tully to protect the securitp o[ thia mortgage,-the Mortgagor, together ~vith snd in F ~ sdclition to, the monthl~ pa3~nenta under the terms of the note secured hereby, on the first dey of eac~ tnonth until the said note is (ully paid, aill pay to the Mortgagee, as trustee, (under the terms of this trust as herein- after etated) the following eums: ' (A) ? sum equal to the ground re~ta, if any, ne~t due, plue the preminme thst w~l ne~ct beoome dus and payable ~ an policiee of fire aud other hasard inwraace oovering t6e mortgaged PTOPerty, plus taxes and a~sments ne~t due an the mortgaged property (s~Il ae eetinn~?ted by the Moctgagee u?d of which the Mortgagor is = noti6ed)leee all 8ums alre~dy paid therefor divided by the number of mmths to e,lsspee before one m~th ~ prior to the date ~vhea wch ~round reQta, P~~0. ~nd aeeeasments will beoome delinquent, ~uch sums to be Leld by Mortgng~eeintrusttopaysaid6e+oundrenta,premiuma,te?:ee,andspecialae~eessmente. ~ (b) The aggregate of the amounts ps pu~suant to sobpsragraph (s) aad thoeepe~yab1e on the note eecured ~ ~ hereb , thull be paid ia an~ymeat each month, to be spplied to the falowina iteme ia t~Le ai+der ~ ~ (n ~+ama reats, t~~s, ,~eeeeementa, Sre, sna otber La.ara i~uraaas premiums; ~ ~ ' (In mtereet an the note ~ecured benb~; aad ~ - (IIn amortisstian af tbe principsl af aid note. ~ Any.deficiency in the unount of such~egs te monthly ~ayment ~Lall, anlees made good by the Mort- ~ ~ gagor prior to the due date of the neat such psyment, oonst~tute an event of default under this mortgage. , At Mortgagee'a option, Mortgagor~vil1 pay s"late chsrge" not eaceediug four per centum (4~Jo) of any install- r ment ~rhenpa id more tLaa fift,een (15) dsys after the due date tLereof to oover the extra .eapeose ~nvolved in handling delinquen6 ~ay mente, but such "late charge" shsll not be payable out of the procee~ia of any sale made to eatisty tLe ~ndebf~dnees eecured hereby, unlees such pmeeeds sre w@'icient to d~ecLarge the entire y< indebtednees and all proper costs and eapenses secured thereby. ~ ~ 3. It the total oi the paymenta macie by• the Mortgagor under (s) of ph 2 preceding ~hs11 exceed = the sniount of ps~ ments actuallv made b~ the Mortgagee, as trustee, for groun rents, tsxes snd assessments, ~ ~ ~nd insurance premiums~ as the case mey be, auch excees shall be c,redited on subsequent paymenta to be made ~ ~ br t1~e Mortgagor for sucli itema or~ ~t Morigsgee's option, as truatee, shsll be refunded to Mortgagor. If, however, sueh monthly~ pevments ahall noL be su~cien~ to psf such items w?hen the ssme shall become due ~ ~ swd pa-able, then the Mortgagor ah4ll pap to the Mortgagee~ as tiruatee, sny un?ount necessary to make up the d~cienc~. Such ps~-ment ~?all be inade ~vithin thirty (30) dsvs sfter wntten ~iotice !mm the Mortgagee ~t stating tbe amount oi tbo de&cienay, ~luch notice ma~ be gisen by ma~1. Ii at any tims We Mortgagor ~hall ~ ~ ~ R P a~x236 ~2139 ~ ~~-u~ ; e~ _ _ . r _