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Home My WebLink About2880 T6e Martgag~or bereb~ oo~easnb with tbe Mortgag~eey thst be i~ indeteasibl~ ~ei~d o2 ~aid Lnd in ies imple or such other est~te~ tt~aqy as i~ st~?ted Le~ein; th~t he La~ lnll power and ~wiul.righti to oonvev tLe ssme as atores~id; th~~ We land ~s ired ~rom aU encumbnaoes exoept a hereia other~v~s recit~ed; t~?t ~id~iortgag~r will mske such iur~her ~asunaoes to prove the atot+eeaid title to ssid lsod in ~id Mortgagee v map bs reason• wd ~riU detdend We t~ams~ Mortga~or does Lereby i~ warranti tbe ~itas b stud Lad, ~d e~e+~7 P~ ~~i agsins~ t,he Inwiul daim~ oi panoir whom~os~er. Paovrasa ALwsYS tdat ii the IQiortgag~o~r aL~11 pq unto ZLs Mact~~ee tL~t oertaia pron~iMO~ not,e, oi which tbafollowin~ ~ a wbst~uti~l ooPJ, to wii; . = 21,500.00 Ft. Pierce February 2]?,~ 75 • Fos Y~.vs Bscsnsq, tbs nrydeni~ned pe+o~mi~e(~) to pqr t~o 1'HB IA!!!1S 6 Ng"1TLBT0~1 t~0l~ANY . ~ eoepo~an o~nised ~nd eod~lin~ w~dee tbs Lws oiT~ STATB OP CO1~II~TBCTICOT • a~, ~ P~P~ ~ d 1~iBNTY O~iB Z~O~TSAND, FIVB M1rID8~ AND Id0/ 1.~ Ddlars (i 21, 500. 00-- wlth intere~t fi+om dste at tbe r.t~s d gICHT ~ o~iB eAI.F P~ ~8 1/2%) p~ amnm on tbs uap~id b~l~nos nntit pua. Tbe wd pnncip~l a~ul interee! eball be p~yab3e at the o~os of The Lomas b Nettleton Campar?y 175 Or~ge Street in Nev Haven, Canaecticut 06510 , or st oneh at~ar pLoe ~e tLe Ldde~ my doe~ste ia ~„riti~ ddivered or mailed to the debtor, in moathly inatallments aE ONS Ht1~IDRBD SIXTY l~IVB 6 34/100 (i ~ 165. 34 oommeacing on the firat day of APBII. , Y9 75 ~ and oontinuin6 an tbe Srat day oi eacL month thereafter until this note is fully psid, eo~oept tha~, if not woaer paid, tbe final paymeat oi princapal and iat,erest ahaU be due snd pay~ble on the Sreti da of ~g~g Privilege is reserved to prepsy st say time, without premium or fee the eatire indebtedn~ 2~5u?Y P~ thereof not lees tLan the amounL oi one ~tallment, or one hundred dol~ars (i100.00), wLichever is lees. If any defiQiency in t6e payment oi sny installment under this note ie not mada good prior to tbe due dste of the nezt such inatsllment, the entire rincipal sum and socrued iaterast ehe~ll at onoe beoome due and Fay- e_ s able ~vithout notioe ati tLe option of the lder of thia note. Failure to qse~rcise tbia option ahall not ouns4tuts ~vuver of the right to ez~miee the same in the event of any subeequenti defaul~. In tbe event of detanlt in t6e psymenti of this note, and it the sama ia collected by sa attorne~ st Lw, the t~ndereigned La~eby a~roe(s) to psy all costis of oollection, including a reaeonsble attorne~'s fee. - This note ia secured b~ mo of even dstq~ ezecuted by the underaigned on oert~in propert~ desaa'bed t~rereia snd repreeenta money sct~i~u~y used for t~e aoquisitioa oi oaid p~+ope~t, ~or th~ imp~+ovemenis ~e~reoa. Pi+esentanen~, prot~est, aad aotu~e are henb~ ~vai~ed. ~~..e~ ~ [~;1 c~u.$s H. sao~ [~l PATBICIA JACQUELINE SHOffi~ARS [~?L] ' And sbaU dnl7,prom1~Y ~~7' P~~, ~~{e, effect, eo~plete, aad ~ompty with and abide ' b~ a~ch and e~ver~r the saPu~stwos, a~+eemeata, oonditaons, ~nd eovauaats of ~aid ~ pramieeary n~e and d tbis ; mortga~e, thm th~s mor~ge aad the eew?te hereby created ~hall oesee ~ad be null ~w~d roid. - ~ 7~e l~oet~agor further oo~veo~ats ~s tollows: ~ l. T'Lst he ~vill ps~ the iadebtednees, aa he~nbe[oe+e pravided. Priv~e '~e reeer~ed to P~'aPaY withaut prem~ium or f~e, the eatire indebtednees or aay psct thet+eo~f not l~ees tbe~n t~he amount of one inetdlment, ot ¢ aos hundred dollus (i100.00), wlue~ever is lees. ; 2. In order more tully to protect the security of this mortgsge,' the Mortgagor, together ~vith snd in sddition to, the monthl~ psy~rnenta under the terms of the note secured hereby, on the first dav of eac~ month ~ until the said note is fully paid, will pay to the Mortgagee, as trustee, (under Lhe terma of this trust as herein- ~ sfter stated) the followuig auma: (a) ? sum equal to tbe g~+ouQd re~?ts, if aqp, nest dne, plue tbe pTeminms thst w~l ne~ct beoome due and payable m policiee et 5re aad other hs~rd inaurance eovering t6e m P~Y~ P~ ts~cea and aeBessments ne~t due an the mortg:ged PropertY (ail ae estimsted by tbe~ortgagee and of which t6e Mort~agor ia notiSed) leea sll sume alre~d~r paid t6eref~ divided by the number of mmths todapee befon aae month prior ~o t~Le dste wben wch ~raind i'ent~, P~~, aad aeeeeQnents will tieoome delinquent, ~ ruch eume to be held by l?[orfgAgeeintiuatttopayeaidp+oundrenta,P~~,~ed,aadspe~alaeeeeemeate. ~ (b) The aggreg~te af tbe amounte ps puesuant to subparaarsph (s) and thosep~? an the note secured ~ ~ereba?, ~h~11 be psid in a a~o~pwymeat a~eh monLh, to be spp~lied to the f~ it,eoo~e ia tLe ardec ~ tated: ~ (n 6~ and otber bwr~ ineuranoe premiums; . ~ (II) int~+ee! on tLe note ~eaued b~by; n?d . (Im am~ctis~?tion af tbe p~incip.t ot.aia note. ~ A~ deficiency in tbe amount of suc6 nggregate monthly ~aytnent sbaD, nnlees made ~ood by the Moit- ~ gagar pnor to the due date of the next suchps y-men~, oonst~tute an event of defsult under thia mortgage. ~ At Mortgagee's option, Mortgsgor wiU pay. s"lat,e chsrge" not ezoeeding four per centum (4%) of any install- ~ v ` ment ~vhen d more lban Sit,een (15) da~ after the due date tt?ereof to oover the eactra expense ~nvolved in ' ~ Landling de 'nquent ~a nta, but auch `late chuge" shall not be psyable out of the proceeds oi any sate ~ g anade to sstiafy tbe ~t~dneee ~ecured henby, unless such prooeed~ ars w~cient to discLarge the entire ~ ~ indebtednees and all pmper costs and ezpenses oecured theroby. ~ 3. If the total of ihe ps}nnenta msde by the Mortgagor nnder (a) ofp~g~s ph 2 preced'~ng shall exce~d ~ the ~mount o[ p~,rments actually n~ade b~ the Mottg~gee as truatee, !or ground rents, t,s~ snd asse,saments, ~ and insurance premiuma, ac tl?e caee msy be, such eac~ee s~~all be credited on eubsequent psymente to be made ~ ~ br tke Mortgagor for such itema or, at Mortga,gee's option, as tn~stee, shall be retunded to Mortgagor. If, ~ however~ sueh monthly~ psvments ahall not be sufficienti Lo p~s snch iterr~s ~vhen the same ahall become due ~ ~uidps -able, then ~he Mortgagc?r s}ull pap to the Mortgagee, as trustee, sny amount nc~ary to mske u ~ the d~.iene~. Snch pi?}-ment s]ull be made within thirty (30) davs att~er ~?ntten i~otice fe mra the Mortgage ~ stavng fhe amouat at tLa defici~ay, wLich notioa m~;y ~s ~~en b7 ms7. Ii ~ an~ tims tbe ~dortgagoa ~11 ~ dDOX ~?e~V PJ16~~ 1 ~ ~ ^ ~ ~ ~_~s f ~ ~ ~ ~ _ ~ ~ . _