HomeMy WebLinkAbout2249 The luiortga~or hereby oovenanta witb the Martg~ee~ tbat Le ie fadefeasibly ~~d oi ~sid lund in fes
imple or such other estatei ~f~sny as ie stated Lesein; t2~ti be Las tull porver aad lawiul.rig6t to convev the a~?me
ae aforesaid; that tbe laud ~s ire~l ~rom all encumbrwces asoept aa dereia other~vise recited; that said~+tortgagor
will make such fiirther assur~noes to prove the atoras~id title to ~aid land in ~aid Mortgagee ae msy be reason-
~?bSyrequired~ snd tLst ssid Mortg~gor does Lereby i~ w~rrsat the title to said Lad, and eve .ry parti tLeroof,
uad ~ri11 defend the wne againet the Lwiul claims ot penom wLomsoever.
PBOVIDF.D AL~f/AYe tiL9ti lt Lb0 ~OT~~Qj ~~7 QptiQ ~~Q~~ ~t Q~jp ~+p~y np~~ ot
which tbaiollwMing is a~ubet~nt~ial ooPy, to wr~i:
.s 25,000.00 FORT PIERCE
• rlarch 21 ~ 1~75 •
Fon Vii.vs Rscstvsa, tbe nndeni~ed promi~o(s) b pp to
THE LOMAS & N~TTI.ETON COMPANY
, s eo:porst~an or~anised ~ad eadetin~ under ths
~ THE STATE OF CONNECTICU7 a' ~~i ~ P~aP~ 'I~ENl'Y FIVE THOUSAND AND NO/100
])ollars (i 2 5, 000 . 00-- with intereet ~rom date st
tbe nte ot ~IGHT--------------- per eeatum ( 8 °Jo) Pat annuca an t~e unp~id bvanee uotil paid.
T'6e said principal snd intereet ~Il be psyable ~ ihe o~'ioe of The Lomas & Nettleton Company
175 Orange Street
m New Haven, Connecticut 06510 . ~ ~t P~ ~ ~ ba~' ~Y ~ ~~6
delivered or mailed to the debtor, in monthly ~nstallments of ONE HUPtDRED EIGHTY THREE AND 50/~~
(t ~ o~ cn l. cnmme.ncir?a m the SrBt dev of _ I9 . and enntinuinr nn tM
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unsi, uay ui eo~:u ui6iieu `w,cioeu'i,wa uuuu '~iue uGw ie iliuy y's?u'~ nwue~~o `wGo~ u uV~ isuuuui ~S?iui `oub iu~i ~?uyuinIIt
of principal and interest shall be due and payable on the first day of ApRII, , 2005 -
Privile~e is reaerved to prepay st any time, wittiout premium or tee the entire indebtednees or any patt~
theroof not lesa than the amount of one inatallment, or one Lundred dol~ara (i100.00), whichever is less.
If ut~ deSciency in the paym ent of any installment under this note is not made good prior to the due date
of the next such installment, the entire principal aum snd acerued interest sball ati onoe beoome due and ~ay
able without notice at the option of the holder of this note. Failure to eaerciae this option ahall not constatute
a waiver of the right to exercise the same in the event of sny eubeequent detaul~ In the event of dafault in the
payment of thia note, and if the esme ie oollected by an attorney st ]uw, the undetsigned heteby agree(s) to
pay all oosts of collection~ including a ressonsble ~ttorney'a fee.
Thia note is secured by mo of even dat,er ezecuted by the undereigned on ec+rtein prope~ty deecribed
thecein and represents money so~ used tor th(e aoquiaitaoa oi eaid prope~rtiy ~or tba improvemenis t~h~ai~eon.
Presentment, pmtest, and notioe are Lereby ~vaived.
- t~:f
• DARWIN ALE1N FLIETH
~88AL~
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; And ehall d~ilY, P~?P~Y~ ~a ~Y P~~ ~b~68, eacecute, e.5ect, ~omplete, and• eomply with and abide
~ by esch and every the stipulationa, ~+eemeuta, oonditic,ns, and eovensnts of eaid proaniseory note uad af tbis
; mo*tgage, thea this mortgage aad the estate her~by oTested sha11 oenne and ba null And foid.
~ The Mort~saor fwr~her ooveasata ae follows:
; 1. Tbat he w~ill p~sy the indebtedness, aa hereinbefa+e provided. Privile~e ia t~eeerved to jrre~ey st any time,
~vithout premium or fee, the e.ntir~ indebtednees or aa,y psrt thereof nat lees tbaa the amount of ane ioe~allment, ot
~ aae hundred dollara (i100.00), ~rhichever ia leea.
: 2. In order more fully to protect the security of this mortga~;e,~ the Mortgagor, together ~vith, and in
= addition to, thc monthl~ pa~-menta under the terms oi t~he note eecured hereby, on the first da} ot esch month
~ until the said note is fully paid, aill pay to the Mortgagee, as Lrustee, (under the Lerms of Lhis LrusL as herein-
~ aitrr stated) the following sun~s:
~ (a) ? sum equal to the ground reflta, if aay, next due, plus tbe premiuma thst will next beoome due and payable
~ on policies of fire and other hasard ineursace oovermg the mortgsged ix~operty, plus taxes and aesessments
s next due on the mortgaged property (all ae estim~ted by the Mortgsgee sad of ~?hich the Mortgagor ia
~ noti6ed) lees nll sums already paid therefor divided by the number of mmths to elapee before one month
~ prior to the date ~vhea such 6round renta, P~~. ~nd ~esessnnents ~vill become delinquent~
euch sums to be held by Mortgageeintruattopayeaidaro~undrentB,P~~,~~,andspecialaeeeasu?ente.
~ (b) 1Ue aggregate of We amounts pa able pureuant to eubpera6rsph (s) and thoeeps on the note secured
~ bereby, shall be psid in ~ eng~e PsYment escL month, to be sppLed to tbe f~ iteme ffi the ordet
ataf~ed
m 6~d renta +aua aeeee~em~+a 5re, ana or~ ~a~ara in~n~aoe pnmiums; .
~ (In intereet on the note se~ured benby; and
(III) amortisstion of the principai of said note. .
Any deficiency in t6e amount of suchaggregste monthly psyment ahaD, nnlees made ~ood by the Mork-
gagor prior to the due data o[ the neut such psy-ment, oonst~4ute a.n event of detault tinder tbis mort~a~e.
At l~sortgagee's option, Mortg agor ~vill pay s"late c6arge" not exoeeding four per centum (4%) of any ~nstall-
i; ment when paid more than fifteen (15) deys atter the due date thereof to oover the extrs expense involved ib
handling delinquent ~ayments, but auch "late chsrge" shall not be psyable out ot the proceeda of any sale
made to aatisfy the indebt,edness secured hereby, unless such proceeds are w~cient to d~echarge the entirs
T:; indebtedness snd all proper costs snd expensea secured thereby.
- 3. It the total oi tl~e paymenta mscle by• tlie Mortgagor under (s) ot psragrspl? 2 preceding shall exceed
t}ie a~uount of pa~ menls sctuallv msde b} the Mortgagee~ as trustee, for ground renta, taxes and asaessmenta,
end insurance preuuums, as the csae may be, auch excess sliall be credited on subsequent paymenta to be made
bs t1~e Mongagor for such items or, at Morlgagee'a option, 8a trustee, shall be refunded to Mortgogor. If,
~3 ho~vever, dueh monthly pa~•menLe shall not be auff'icien~ to pay euch items ~vhen the ssme shall become due
swd uarable. then t.he Morteaeor shsll uav to the Mort¢a¢ee. as trustee. anv amount necessarY to mske up
the def`iciene~. Sueh pa~-ment al~all be in~ide ~vithin thirty (30j devs sf~er written »otice irom the Mortgagee
stst~ing the amount oi tha de&ciancy, t~hich notice may be gi~ea by msil. Ii at any tuno t,6e Mortgagor ~ail
z~~ eaoK237 F~cE22~`~
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