HomeMy WebLinkAbout0040 The I4iortg~gor bereby oovenanb with tLe Mortga,gee, that he ie indetesaibly eeized oi a~id l~nd in !ee
~imple or such otber estste~ ~f ~ny as ie st~ted berein; tt~et he has tull power and lwwiul right to ooavev t6e s~ume
as etoreeaid; thst t~he luid ~s ireo ~rom ell encumbrwoes a:cept as herein otherwiae recited; th~~ said~lortgagos
~vill malce aucL further ~?e~surenoes to prove the aforessid tiUe to ~sid Lnd ia ssid Mortg~gee e~e may be reason.
sb required, and that aaid Mortgagor does hereby f ~r~rrsnti the Litla to said laud, and svery pat~ Wareot,
~u aill defend the w?me agsinst t,he lawiul claims of~ perwns whoa?aoevec.
PaovinaD AL~r~~s that ii tha biortgegor shall p~y unto tLs Mortga~gee tLat oertaia promieeor~ ~te, oi
wbich thalolbwing is aubota?utaal oops, to wit~:
= 21,500.00 FORT PI~CB
• 1~larch 28; 75 •
Fos Vi?i.vs R~csivsu, t6~e underaga«l P~~~e) ~ P~41 ~
;
THB LpMAS b NE'1TLBTON C~ANY
, a aorporatim a~aised aad a~oe~ uncier ths
~e?ws at T8B STATS OF C~II~tBCTICOT ~ oe order, the principal sum oE TWKN1.'Y ONB THOUSAND FIVS
tbe r~te~~D AHD 1d0/ 1 Ddlsre (i 21, SQ0.00 with interee0 froan date st
BICHT P~ ~ 8 °~o) P~ annum at tLe unp~id bvanos until paid.
TLe ~aid principql and interest shaII be psysble st the oH'ioe ot ~e I,o~as b Nettleton Corpaay
1T5 Oraage Street
~ Nev Havea, Connecticut 06510 ~ or st such otber ae tLe hdder ~
PL~os n~?Y deeigo+?te ia writin~ .
delivered or msiled to the debtor, in monthly installmenta of ONE IiUNDRBD FIFTY SSVSN and 81/li~llara
(i 157.$1 ~~~cing on the 5rst day of ~y , 19 75 ~ and oontinuing on the
firat dey oi esch month thereaiter until thia note is fully paid, exoept thst, if not sooner p~id, the fin~?1 payment
of princapal and interest ehsll be due and payable on the first day of Ap~II,~005
Privilege is rrserved to prepay at any time, without premium or fee the entu~e indebtednees or sny part
thet~eof not less Wan the amount of one uiatnllment, or one hundred dol~ara (=100.00), ~rhichever ia less.
If any deficiency in the pa~m ent of any installment under thia note is not made good prior to the due date
of the next such instBllment, the entire pruicipal sum and accrued interest shall at once become due and pay-
esble without notice at the option of the holder of this note. Failure to eaetr.ise thia option ehsll not oons4tute
a waiver of the right to ex~rcise the same in the event of any subsequent defaul~ In the event of default in the
peyment of tt~is note, and if the eame ia collected by an attorney st L~v, t~he underaigned hereby agr~ee(a) to
pay all c~osta of oollection, including a reasonable sttorney's fee.
This note is eecured by mo of even date~ executed by..the undersigned on oertain property deecn'bed
therein snd represents money actu used for thia acquisitioa oi oaid property or tbe improvemanis t~eon.
Presentment, protest, and not~ice are hereby ~vaived.
. C~.1
~ KF.2INLTH 8QGffilE PALMBR
CARiOLYN JOYCS PAL1~8
[8~L]
'I ~~L~
; And shatl dulY, Pi'omP~Y~ ~d ~Y P~~?, effect, eomplete, ~nd- eomply w3~D and abide
~ by eech and ever~? the stipulationa, agree.ments, oonditions, and oovenavta of said promiaeory note ~ad ot this
's mo*tgage, thes? th~a mertgage aad tLe e~t,ate hereby created r6all oe:~ee aad be null aad rdd.
4 The Mortgsgor further coveaanta a8 follows: . ~
~ 1. lbat Le aillpsy the indebtednese, as hereinbefore pmvided. Priv~'lege ie t+eeerved to P~Y ~~Y t~,
~ one hundredre ~or ~fee,~ ~~debtedn~ o~ any psrt thereo~f not lees t,6an the amount of ane i~tallmenL, or
2. In order more tully to protect the security o[ this mortga~e~~ the I1~foriga~;or, toget.her ~vith~ and in ~
~ sddition to, the monthl~- pa~~nenta under the terms of the note secured 1?ereby, on the first da~ of each ~nonth ~
~ until the said note is fu~1~ paid, will pay to the Mortgagee, ~s trustee, (under the terins e~[ this trusL xs }ierein- ~
~ atter atated) the following sunus: ~
(a) ? sum equal to the gmund rent8, if sny, next due, plua the premiuma that w~71 next beoome due and payable
an policies of fue aud othes ha:ard ineursnce oovering the mortgaged Pt'oP~Y~ Plua taxea and assessmeats
ne:t due on the mortgaged property (all aa eetimsted by tbe Mortgagee and of ~vhich the Mortgegor is
noti$ed) lees all wms alreaiy pwd tberefor divided by the number of moaths to c~lapee before one month ~
prior'tu the date ~vhea such ~round renta, premiume, taxea, and aeeeesments will beoome delinquent,
wich sume to be held bq Mortgageeintrusttop4yeaidgi+oundrent8,premiums,taa~ea,sadspecislaeeessrnente.
. (b) T6e aggregste of the amouafe pa pureuaat to subpsrsgraph (s) and thoeep~y~
le ~ the note eecured
hereby, ih~ll be psid ia a dng~ymeat each month, to be sppLed W tbe f~lio~?ia6 items ia tbe order
~ ~ stated
~ m ~a ~+a +~..~+a, s~a ~a ~ ~a
~ (In iater~sc oa r~he note .ecurea he~by; ,ma
~ (I~n ,~morusatian d tbe pr~ncip~t ot.da nor~e.
Any deSciency in the unount oi such te monthiy ~syment tl~a]l, unleee mada good by the Mort-
~a
~agor pnor to t~e due dste of the next su psyment, conatitute an event of default under thia mortgage,
At Mortgagee'e option, Mortg agor ~viU psy e? "late ct~arge" not ea~ceediug four per centum (4%) of any install-
ment whenpa id more than Sfteen (15) days after the due date thereof to oover the ext,ra eapense involved in
~ handling delinquent psyments, but auch 'Iste chsrge" shall not be psysble out of the proceeds of any sale
made to sutisfy tbe ~ndebt,~dneea secured hereby, unless such proceeds are ~cient to d~echarge t~e entire ~
~ indebtednees and sll proper costs and expenses eecured thereby. -
~ 3. If the total ot tlie pa,y~nents_macle b3• the Mortgagor under (s) of paragrapl~ 2 preceding ahall exceed ~
~ the smount o! ps~ menLs actually made b~ tt,e Mortgagee, as truatee, tor ground rents, taaes and essessments, ~
snd insurance prnmiums, as the esae may be, such excess sLall be credited on subeequent payments to be made
~ br t~e Mortgagor !or auch itema or, ~at Mortgagee's option, as truatee, shell be refunded w Mortgagor. If,
~ however, sueh monthly avmenta shall not be suff'icient to pss such iteme ~vhen the same shall become due
v
•wd ps-able, then t_he ortgagor sliall psv to the Mortgagee, as trustee, sny amount necessary to meke up
the? d~c,iener. Such pn~-ment al?all be made ~vithin thuty (30) dava after Wntten notice trom the Mortgagee
stating t~he amount of tbo deficienay, wLich not~e may 0 R~m b ms7. Ii at aaj time We Mortg~gor shall ~
800K~ ~E
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