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Home My WebLink About2772 The ~ortg~gnr henby oo~enants wltb the MartRSRee,, thut bs is ~ndeteaa'b~ ~etr,ed ot ~sid land ~n ies ~imple or ~uch oWer estate~ d~~qy aa ie stated he~ein; tbati 6e Las tull power ~nd L ul.right to oonvev the swme aa aforesaid; that tLe laud ~e ire~ ~rom all encumbranoes e:aept as hereia other~vise recited; tLat sa~dlbtortgagor will make auch fiirther aesuranoes to provo tLe atoresaid title to ~aid laad in said Mortg~gee ae raa be re~eon• ind w?ilt dei~en~ d the~s~ d Mortgagor does hereb~ i~ w~rrant the titla to said land, and evo .ry par~ Weraot, sgainsti tLe Lwiul cLims ot penon wLomsoever. PROVIDED ALNATe ~St lf tLA ~Ol'~i~0~' lLiU ~ QIItiO tbp Mo,tt~a~ee t~ oer~ain promiwpry note, pt which tbafolloMing is a substwLiul ooPJ, i 17,000.00 Fort Pierce i~~~ February 7 ~ ~ 75 ~ Fae Vsz.vs Rscstvs~, tbe twdelwp~ed pronai~o(i) to py to THS LOMAS b~ NSTl'I.ETON C~ANY Lws at THS STAT6 OF OONNBCTICIT~a ader, the prinapal eam af~BNTBSN THUUS~AND~~NO/~der th0 -----------~jti Do~~~i 17,000.00 with interee! from dste st tbe nte af eight ~ one-hal f per ceatum ( 8'~ °fo) pec aaaum an t6e uapnid balatroo until paid. Tha snid princip~l snd int~reet s~ali be ps~?sble st t6e o~oe ot Tt,e Lo~nas ~ Nettleton ~Canpany 175 Orange Street in New Haven, Connecticut 06510 , or at euch otbee plaoe as the Loldez mwy deevgnnte ~n writina delivered or mailed to the debtor, in monthly installments af ONE HUND~D THIRTY & 73/100 Dollara 130.73 commencing on the firat day of April ~ 1975 ~ aad oontinuing on the firat dsy of each month thereaf ter until this note ia fully paid, euoept tbat, ii not soonec paid, the final paymenti of principal and interest shall be due snd psyable on the firat dsy of March, 2005 , Privile~e is reaerved to prepsy at any time, witliout premium or fee the entire indebtedneas or anp psr0 tLereof not less than the umount of one inatalLnent, or one hundred doljars (i100.00), ~vhichover is lesa. If any deficiencp in the paym ent oi ttny installment under thia note is not made good prior to the due date of the next such installment, the entire principal eum snd aocnied interest ehell at onoe beoome due and Fay able without notioe at the opt~on of the holder of thia note. Failure to eaercise tbis o tion ahall not oonatatute is p s n aiver of the right to eaemaee the same in the event of any subBequent defaulL. In We event of detault in the payment of this note, and if the esme ie oollected by an sttorney st Iuw~ the undersigned bereby agree(s) to pay all oosts of collection, including a reasonable attorney's fee. This note is secured by mortgag_e of even datq ezecuted by tLe undersigned on eart~ain pmperty deecribed therein and representa money actually ueed ior th~e iwquiaition of said propert~ ~ar ibe improvemanis ihocbon. - Preeentment, protest, und not~ice are Lereby ~vaived. Herbert Lee Wynn ~~f Brn?a L . nn ~ i i s And ebaII du~9 P~P~Y, sad fuDY P~~, ezecute, e6ect, eonnplete, aad• eomply with and sbids ; by esch and every~ t6e atipulatione, aBc+eemeata~ oonditiona, and eovenants of eaid pronoieeory note aad ut this mo*tgage, then this mortga,ge aud the estate hereby ot+eated shall oeaee and be null aad roid. ` The Mort~aaoc furthec ooveasats ae follows: ~ 1. That he will psy`the indebtedileea,~ ae~ Dereinbefa+e provided. Privi'l~ge ie reeerved to pe+epep st any time, ~ without prem~ium or fee~ the ea~ire indebtedneee or any part the:+eaf no~ leee thaa the amounti d aae ~etallment, ot ~ ane hundred dollare (i100.00), ~vhic6ever is 18ea. ~ 2. In order more fully to protect the aecurity oI this mortgage,~ the Mortgagor, together ~vith, ansi in ' iddition to, tl~e monthl~ pay-ments under tlie terms of the note secured hereby, on the firat da~ of each month ~ until the eaid note is fu~l~ paid, aill pay to the biortgagoe, as trustee, (under the terms of this trust as herein- - sfter slated) the following suma: _ ~ {a) A eum equal to the ground renta, if any, ne~t due, plus the pre~niums tl~at ~r~l next beoome due and payabte ~ on policies af 5re and other h~ard ineuraace eovermg t6e mortgaged P~'oPe~Y, Plua texeB and aeeessment$ ~ next due on the mortgaged property (all as eatimsted by the Mortgagee and of which the Mortgagor ia noti6ed) lees all eums slready paid therefor divided by tbe number of mmths to eaapee before one month ~ prior to _t~ date ~rhen auch go~nd rente, premiums, teucee, and a8eeesonenta ~vill Leoome delinquent, wch sume to be held by Mortgageeintauattopsy~sid6ra~undreat8,p~+emiums,ta:ea,andspecialaeeeee~nents. ~ (b) The agg~+egate of the amounts pa able pureusat to subpsraaraph (s) aad thoee on the note aecured ps ec ~ ~reby, ~hall be psid ia a ~ing~e PsYment eech month, b be applied W tbe i wins it~ams in 16a ordee t~ed ~ m~amd rm+a. +,aue, .se~e~nte, 5ra uaa a~r m~a in~woe p~em~ume; ~ = • (II) interes~ on the note ~ecured bereby; and ~ ~ (IIn amortisatian of the principl af oaid note. _ Any deficiency in the amount oi such~ggregste monthly ~spment shaD, unIees made ~ood by the Mort~ ~ gagor prior to the due dste oE the next auchps ~-men~~ c~o~tat~ute sa event oi default under t6ia mort~age. ~ ~ At Mortgagee's option, Morigagor wrill pay, s"Lte charge" not eacoeeding four pez centum (4°Jo) ot sny inslall• " ment when paid more than fifteen (15) dsys after the due dste thereof to oover tLe ract,rs expense involved in ~ handling delinquent payments, but such "Iste charge" ahall not be payable out of the proceeds o[ Rny sale : msde to aatisfy tbe indebtxdness secured hereby, unle~ such proceeda are su~cient t~o diecLarge the entire ; h~ indebtednees and all proper costs und eapenses secured thereby. 3. If the total of tlie puyments made by• t}~e Mortgagor under (s) of paragrspli 2 preceding ~hsll exceed the amount of pa~ menLa actually made b~ the Morigagee, as trustee~ !or ground rents, t~s~ces snd aaseesmenta, snd ineurance premiums, aB the case may be, sueh eacesa sl?all be cr~dited on subsequent paymenta to be made b~ ti+e ~Iottgagor for such itetns or, at Morigagee'a option, aa tn~stee~ shall be refunded to Mortgngor. Jt, = ~ however, sueh monthlf pavmenta ahall not be eufficien~ to pss such items ~vhen t}re same shall become due ~ a~d pa~ able, then the Morigagor ahall pay to the Mortgagee, aa trustee, sny smount necessary to mske up { the d~ciener. Such pe~-ment aliall be made rvithin thiny (30) dava afler ~vntten notice fmm the Mortgagee ~ stat~ing tLe amoun~ oi tho deficien , wLich not3ce moy be gi~en by mail. Ii at any time ibe Mortgagor sball ~ o R ~~6 27~9 ; 800K PAGE U R ' ~ BOU~c ~ H4Cf~~ ~ ,V ~ . . : ~ ~ ~ . . ~