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Home My WebLink About0949 The Mortgagor hereby oovensnta with the Mortga{;ee, that be is indefeaRibl eeued oi eaid lund in iee ea ~mple or such other estatet if any aa is etated herein; tl~at he has tull power and lsw ul right to convev the same as eforesaid; that the le»d is tree ~rom all encumbranceB except as herein otherwise recited; that said~iortgagor will mske such further ~aurancea to provo the aforesaid title to said land in ssid Mortgagee sa may be reason- ~blyreq uired, and that said Mortgegor does 6ereby fuUy warrant the title to said Lnd, i?nd every par6 thereof, and will defend t6e same againat the lawiul claima of all pereons whomaoever. PROViuEn ALwr~YS thnt if the I~iortgago~r a6s11 p~y unto tLe Mortgagee that oort~in promiaeory note, oi ~vhich tbe~iollowiag ie a eubetant~ial ooP~, to wi~: , = 32,500.00 ' Port St. L~,gte ~ ~OII~' ~ March 12 , ~ 75 ' Foa Vai.vs ~tscsnrsn, the undereigned promiee(e) to pq,y to . ~ THE LOMAS & N~'TTLETON COMPANY ~ ~~d e~ostin~ under the , s oo rstioo L?ws of THE STATE OF CONNECTICVb ~~er, the priacipal eum of ~IR~ ~~pUS~ND gIV~ RUNDRED AND NO/ 100 --------------~11a~'s 32 , 500.00-- ~n eresE Iro dete st the rate of EIGHT and ONE HAI.F per centum ( g l~~fo) po~t aanum ar the unpaid bslanoe until paid. Tne oaid principat snd intereet ehail be psyable At the of~oe ot ~e ~~8 & Nettleton Company 175 Orange Street ~ Nev Haven, Connecticut 06510 , or st ouch otber plaoe aa the hdder m~y designute in writmg delivered or mailed to the debtor, in monthly installmenta of Ttdp HUNDRED gpRTy NINE and ~3(10~°ll~ 249.93----)~ ~mmencing on the first dsy of ~y , 1975 ~ aad oontmuuig on the first day of each month thereafter until this note is fully paid~ exoept that, if not aooner paid, the final payment of principal and interest shall be due and payable on lhe first day oi ppR , Privile,~~e is reserved to prepay at any time, without premium or fee tLe entire indeb~neas o~iny part thereof not l~sa than the amount of ona u~stallment, or one hundred dol~ara (a100.00), whichever ia less. If anv deficiency in the pavment of eny installment nnder this note is not made good prior to tLe due date of the ne~t such installment, the entire principal sum and accrued intereat shall at once become due end ~sy- able aithout notice at the option of the holder of this Rote. Failure to exercise this oPtion shall not oonstatute a waiver of the right to ea~ercise the same in the event of any subsequent default. In the event of defsult in the pasment of this note, and it the same ia collected by an sttornep st la~v, the undersigned hereby agree(e) to pay all costa oi collection, including a reasonable attorney's fee. This note is secured by mortgage of even dat~ eaecuted by the unders~ied on oertsin propertp deecribed therein and repreeents money actuallp used for the acquisition oi oaid property or the improveo}a~ie tbareon. Presentment, pmtest~ snd notice are hereby ~vaived. ' ~ ~C ' ~ c~L - ~ , J . ~ ~ " f~ 1 ` [ ~ ~ ~ ~ LTNDA J. SIr ~N ; ~ [~?L] ~ ; And ehsll dulp, promptlq, and fuIly perform, discharge, execute, eQect, eomplete, and eomply with and sbide € by esch xnd every the atipulationa, agreements, oonditions, and oovenanta of eaid promiesory note swd of this ` mo*tgage, then this mortgage and tLe estate hereby crested ~hall cease aud be null aad oad. ~ The Mortgagor further covenants as follows: = 1. Tt~t he will pey the indebtedness, as hereinbefore provided. Privilege is reeerved to prepsy st any time, ~ without premium or fee~ the entire indebtednees or any part thereof not lee~a thau the xmount of one i~tallment, or oae hundred dollars (=100.00), whichever is l~s. ~ r 2. In order niore ful1~- to protect thc ce~urity of this mort~a~e, the :4fortgagor, togcther ~vith, and in ~ addition to, th~ monthlr pa~~nents under the terms o( the note secured hereb~', on the fi~st da~ of each month < unlit the said note is [u~l~- paid, w-ill pa~• to the 1ltortgagee, as trustee, (under tlie ternLS u[ tliis trus6 as }ierein- ~ eftcr staicd) the following sun?s: ~ (a) A sum equat to the ground rente, if any, next due, plus the preminms that ~vill neat become due and payable ~ on policiee of fire and other hasard insurance oovering t6e mortgaged_property~ plus taxes and assessments neut due on the mortgaged property (all as estimated by the Mortgsgee suid of which t6e Mortgagor is noti6ed) leas all eums nlready paid t6erefor divided by the number of mmths to elapse before c?ne month prior to the date ~vhen auch ground reuta, premiuma, taxes, snd aseeesments will become delinquent, _ ~uch sums to be held by Mortgageeintrusttopayeaidgroundrents,premiume,ta~ces,andspecialaesessments. ~ (b) The aggregate of the amount8 payable pureuant to subparagraph (a) and thoeep~yable on the note eecured - hereby, ehall be psid ia A siagle psyment e4ch month, to be ~pplied to the follo~via6 iteme in the order stated. (I) Sround renta, ta~cea, aeeessmenta, Sre, and other base?rd insuranoe premiuma; . ' (II) interest on the note recured hereby; and (III) amortisation of the principal of said note. ~ Any deficiency in the amount of sucha~gregate monthly payment shsll, unlees made good by the Mort- _gagor pr~or to the due dste of the neat auch pay ment, const~tute an event of detault under this mort~age. ~ At Mortgagce's option, Mortg a~;or ~rill pay a"late charge" not ca~cee~ing four per centum (4%) of any install- ment w•hen paid more than fifteen (15) days after t.he due date thereof to cover the extra expense invol~ ed in handling delinquent pay•tnente, but such "late charge" shall not be psyable out of t6e pra;eeds of any sale ~ msde to satis(y the mdebt,edness secured hereby, unless auch proceecle are sufficient tar d~scharge the entire indebtedn•tias snd all proper coste and expenses eecured thereby. '=~g 3. If the total of th~ payiiients made b,• the 14Tortgagor under (a) of paragraph 2 preceding ahall exceed tlie amount of pa~-ments actually n~ade b~• tl,e Mortgagee, es trustee, for ground rents, taxPS and ss.sc~.gments, ; and insurance pre~niums, as tlie case rnay~be, such excess sLall be credited on subsequent payments to be made _ br tae Mortgagor for such items or, at Mortgagee's option, as trustee, shell be refunded to Mortgagor. I[, however, eueh ~nonthl3 pa~ ment,e ehall not be auff?cient ta pt?y auch items ~vhen the same ahall become due aad pa~•able, then the 114ortgagor ahell pav to the Mortgagee, as trustee, any amount necessary to make up - the de~iciene~. Such pa}-ment shall be u~acie ~rithin thirty (30) dava after wntten ~~otice from the Mortgagee ~tat,ing tLe amount of tho deficiency, ~hich notice msy be given by msil. Ii ~?t aay time tbe Mortgagor shall r-ti ~~ft Gt~ i ~F ~ A ~ ~r - ~~r = -