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Home My WebLink About2494 . . ~ The Mortgagor 6ereb~ oovensata with tl~s Mortgageq, th~t ba i~ iadefeu+ibly se~aed of wid b?ad in? ies ~mple or such otber estate~ J sny ~e is et~ted herein; that he Las tull power u~d bwiul right to oonvev the seme •s aforee~id; L6at the latid ~s ired ~rom all encumbraaoes exoept ss hereia oLhenvise recit~ed; th~t said~iortga~or aiU mske such fiuther aasuranoes to prove the aforeeaid tiWe to said land ia s~id Mortg~gee se mo~ bs re~eon• sb req uired, and that said Mortg~gor doea Lenby i~ ~?azranti the title to ~aid land, wd e~e~ pa~r0 thereoi~ aa ~?i!t deiend the same agaiast the Lwiul claims oi peroons whomeoever. PAOVIDED ALweTa tbat ii the Ihiortgag~o~r a6all py wnt~o tbs Mott~ee tbat oerf~ain promis~or~ aota, oi which thalolbwing is a sub~t~nt,ial ooPy, to wik i 21,000.00 Fort Pierce . February 26 i 1~ 75 • Fos Yni,vs Rscuvso, tLs uadeni~nod P~+omise(~) to Piy? to The I.amas ~ Nettleton Compaay Conaecticut ~ ~ ~ ~ ~ ~ ~ 1~~?s ai The State of ~ oe atdet, ths ptincipal wun of TWBATrY-ONB THOUSAND & NO/100 Ddlars (i 21,000.00 with int~erest fi+om dats at ~ n~ ~ eight & one-half pe! ( $ ~ p~ ~ ~ yn~ ya~ ~ 1~° ~eud pn°apel u~d ~°ter°°t °~1 b° p~'ysble ~t th° °~ce ci The Lomas & Nettleton Company, 175 Oraage Street ~ New Haven, Connect icut 06510 ~ ~t ~ ~ ~ • • • , m+~ d~aste in wnhn~ delivered or mailed tri` the debtor, ia monthly inatallmente oi One Hundred S ixty-One ~ 49 / 100 Douars (i 161.49 oommencing on the Srst day of April ~ 19 75~ and oontinuing on the firet dsy oi each month thereafter until this note ie fully paid, exoept t~t, it not ~oonee p~id, tbe final~psyment of principal and interest ahall be due and psysble on the first dsy of March , 2005 Privilege ~ reserved to prepay at any time, without premium or fee tLe ea4tire indebtednees or anp psrt ea thereof not less than the amount of one u~stallment, or one hundred dol(srs (i100.00), ~vhichever is leea. If any deficiencp in the payment of any inatallment under thia note ia not msda g~ood prior to tbe due date of the next such installment, tbe entire principal sum and socrued int,~.rast shall st onoe beoome due and Fay- able without notioe at the option of We Lolder of this note. Failure to e=erciee this option shall not oonstttute s waiver of the right to ex8rcise the same in the event of any aubeequent defaul~ In tbe eventi oi deisult ia the payment of this note, and if the same is collected by an attorne~ st Lw, tha nadersigned ha:+eby age+ee(s) t~o psy all casts of collection, including s reasoneble attorney's fee. Thia note is secured by mo ~ge of even dat,~ ezecuted by the undersigned on oeztain propert~ aeecn'Ued tLerein and repreeente money act~aiiall,y used for thfa soquieition oi oaid pmpe~rtiy ~or tbe improoeaneuia ~n. Presentmeat, protest, and notioe are hereb~ ~vaived. - ' John Michael Bushong [~LI ~~?L~ Helen Ana Bushong ~BiAL~ [6BAL] And shaU dn2Y, P~P~7, P~o*m, ~h~TB~, execnte, edect, eomplete, snd eomply wit~ snd abide by aich and every the atipulstiona, a~+ee.meate, oonditiona, and oovenaata of eaid promieeory n~Le snd at t2~is mo*tgage, then this mortgage aud the eetate hereby ci+eoted ~hall oeaee aad be null and'oid. 4 T'he Martgagor furtber ooveaanta ~e follows: 1. Tbat he ~rill pey the indebtednees, aa hereinbefore provided. Priv~'lege ia t+eeerved to pmepay st any tiine, ~ ne, ; withaut premium or fee, the eatire indebtednees or aay pe~rt thereof not 1ees than the aanount af one installment, or i eoe hundred dollais (i100.00), ~rtuchever iB leee. ~ 2. 1n order more fully to pmtect the security o[ thie mortga~;e,~ the Mortgagor, t~ogether ~?ith and in sddition to, the monthlti pa}-rnents under the terms of the note secured hereby, on the firat dav of eac~ ~nonth ° until the said note is fully paid, will pay to the Mortgagee as trustee (under Lhe terms of this trust as herein- ~ after stated) the following sums: ' ' ~ (a) ? sum equal to t6e ground r~te, if s~ny, next due, plus the pr~minme tbst w~l next beoome due aad PsYable ; an policiee of Sre aad other hatani ineuraace oovering the mortga8~ PTOP~Y~ Plus tax~es and aesessments ~ next. due an the mortgaged pr~peity (all as eetimuted by tbe Mortg~agee-snd of which the Mortgagor is not~f'ied) lee~s all wm8 alra4i paid therefor divided by the number d mantbe to els~pee befor8 «?e month ~ prior to the date ~+hea w~ aroand rent0. P~~, snd :eeeesmenta ~?ill tiec:ome delinquent, ~ ~uch sums to be ~d by Mott~geeintivsttopayesid~ndreata,P~~,~~,uadepecialaeeeesmenta. 3 ; (b) ~aggregste of the amoante ps pu~uant to subparagr~ph (s) aad thaeepsysble on the note eecured ; ; b~, ~hall be peid in w eing~a p~i?ymeat ei?ch month, to be spplied W the falowin6 itema in tbe oa~dec t` ; stated. ~ ~ m~+o~d renta, +~aua aaeeeements, ~+e, ~,a a~x h~a~a ~u~aoe prem;ums; . (In intereet an the note ~ecured ~y; and - c~~n ~c ~ p~p~ ~r.~a Any.deficiency in t6e amount of sucL ~gregste monthly ~?yment a1~aD, unlees made ~ood by the Mort- ; gsgor pnor to the due date of the next such pay-ment, const~tute an event of defsult under thia Ynortgage. ~ At Mortgag~'e option, Mortgagor wrill psy. s"late chuge" not ezceeding four per centum (4~Jo) of any install- v = ment rvhen ?d more tbaa fifteen (15) days after t6e due date thet~eof to oover the eutra expense involved in = handling d inquent psyments, but such "late chuge" shsll not be psyable out oi the praceeds of ~ny sale : made to eatiafy the indebtedneas ~ecured Lereby, unlee~ auch proceeds are aH'icient to d~echuge the entiue _ indebtednees snd all proper c~osts and expensee ~ecured Wereby. ~ 3. If the total of the psyments made by• the Mortgagor under (s) of paragreph 2 preceding ahall eaceed ~ the amount oi pa~ ment,s sctuallv made b~ the Mortgagee, as truatee~ tor ground rente, tsues and assesaments, ~ r ~nd insuranc~ premiums, as the caee msy be, auch excesa aliall be credited on aubsequent peyments to be made ° b~ t~e Mortgagor for such itema or, at Mortgagee's option, as Lruatee, shall be retunded to Mortgagor. If r ho~vever, suEh nionthly~ pavments shall noL be su~cien! to paf such items ~?hen the ssme ahall become due ~ s~d able, then t~he Mortgsgor ahall psy to the Mortgagee, as tn~stee, any amount n to mske np ~ th~ ~~c.iene~. Snch ps~~nent al~sll be made ~vithin Lhirty (30) dsva sfter wntten ~iotice tram e Mortgagee ~ st~ting tbe amount o~ tLo deficimay, wrluch noVa ma~ be gi~en by ma~1. Ii at aa~ time tbe Mortgsgo~r shall 4 60GIt ~.VIJ PAC,E2~~ ~5 L ~ 5~+~ ~ ~ , ~ . . . . ~ M'~.,.i~.'~