HomeMy WebLinkAbout0967 The liortg~gor Lereby oove~snb with tLe M~g~~ tbut Ls i~ ~ndefeasib]~ ~eised oi ~sid land ia ies
imple or such other estatet d aa ie ~bt,ed hesaili;~ t~tl?e Las tull power and l~~rful.right to oonvev the snme
e
aa aforeeaid; thst tLe l~d ~a ~+om all encumbrwoes euoept ~s Lereia otber~vise recited; Wat eaidl~iortgagor
will msl:e such furtLer aesuranoes to p~+ove the ~foraaid titls to ~aid laad ia said Mortg~gee as m~y be re,~eon-
~?b~yreq uired, u,d that said Mortg~or does hereb~ i w~rraati tLe dtle ta Nid L~ad, aad aver.y par6 th~root,
wd ~vill deiend t6e wne agsins6 tLe Lwiul daims at~ he
penons w~,m~oever.
PBOVIDSD ALNATS ~itt 1~ ~le MOi~'i80~ dbLl~ py pDtip ~O ~(~~ageie tL~?ti oerf~in pr~mioeory nute, oi
~vLich t~ratolbwring is ~ substanual ooPJ, tio wik
= 41, 000. 00 FORT YIBRCS i~~
April 7 • ~ 75 •
Fos v.i.us R~csn?m, P~) ~ r~s to
THB IAMAS ~ NETTLETON COMPANY
v~ a a~aer, tbe Fox~r or~ ~ousnrm arm rw/ioo
Lws d T8E STATB OF CONNECTIC ~ ~ ~ ~ ~ ~r ~
Da11~u+s (i 41, 000 .00 witb int~enet irom d,?te st ;
tbe rate af $IGHT pez centum ( 8%) Pac anaum au tbo unp~id balo?nee until pwid.
Tbe esid princip~l and intereet st?aIl be psyaWe st iLe o~oe o[ The Lomas 6 l~ettleton Company
175 Orange Stxeet
New Havea, Connecticut 06510
ia , or ~t euch ofbe~r pd~oe as tbe hdder m~y deeignate ~n writins
delivered or mailed to the deb~or, in monthly inatallmente af ~tgE HUNDRSD AND 94/ 100
300.94-----.a, oommencing on the Srst daY ~ JUNB ~ 19 75 ~ and eantinuins an t.4e
firet dsy ot each month thereafter until tbia note is fully paid, exoept th~t, if not eooner paid, the final psyment~
of principal snd interest shall be.due and payable on t~he Sret day of ~y , 2pp5 -
Privile~e is reserved to prepsy at any time~ without p: ~~mium or fee the entire indebtedneea or wp patt
thereof not lesa than the amount of one inatallmenty or ono hundred dol~ars (i100.00), whichever is leas.
If anp deficiencp in the pavment of any i~tallment under this note is not made good prior to the due data
of the next such installment, t~e entire principal eum and accrued intere8t aLall at onoe beoome due snd Fay- ;
Able without notioe at the option of the holder of this ~ote. Failure to eaerciae thia option ahall not oonstatute r
a w aiver of the right to eaercise the asme in the event of any subeequent dedsul~. In tLe event of detault in tha ~
payment of this note, and if the swne ie oollected by an attoraey at Lw, the nadereigued Lareby agree(s) to ~
pay a l l oosta of co llection, in
c
luding a reasona
b
l
e attorne~'a tee. ~
This note ie ~ecured by mo of even dat~ esecuted by the nnd~igned an eertain property deecribed ~
therein and represents money ac~ti~u~y used for tt~ aoquisition oi ea~d propart~ ~or tbe improveme~nis t~eon. s
2
Preeentment, protest~. and aot~iae sre hereby ~ived.
- c~:f
WILLIAM T. HUDSON, III _
~SBAL)
CANDICE DIANE HUDSON
Y
- [88AI'] t
And shall dulY, P~P~Y, ~a ~Y P~~, ~e, aecnte, r.6eet, eomplete, aad- eomply with and sbide ~
; by ~ach and ever}? the stipulationa, ~greemeata, oonditione, snd eovenants of eaid prooniaeory nwte aad oE this '
~ mo*tgage, thea thia mortgage aad the estate hereby os+ested shall oenee and be aull and roid.
; Tbe Mort~aaor further coveaaats ~s follows:
~ 1. That he ~villps
y the indebtednees, as hereinbefa+e pmvided. Priv?'le~e ia reeetved to prep~sy st anY
~vithout prem~ium or fee~ the e~ntire indebtedneea or aay peurt t~hereaf noti lees thaa tt?e amount of ane iustallment, ae ;
~ aae hundred dollsre (i100.00), ~vhichever is lees. ~
~ 2. In order more tully to protect the security of this mortga};e,' the Morigagor, together ~vith and in _
~ addition to, the monthl~ pa~-menta under the terms of the note eecured hereby, on the firat dav of eac~ month '
~ until lhe caid note is full~~ paid, aill pay to the Mortgagoe, as trustee, (under Llie terms of this trusL as 1?erein- ~
aftcr atated) the following sums: =
(a) A aum equal to the ground rente, if anyl next due, plua the pre~niums that w~l next beoome due and payable '
an policies ~ fire and other ha:ard ineurance oover~ng the mortga6~ t~~Y~ Plus ts~ces and aeeesameots -
next due on the mortgaged property (all as estimated by the Moctga;ee and of which the Mortgagor is - ,
~ notified) lees all sums alread paid therefor divided by the number of manths to~p~ betore one month ;
prior to the dste ~rhen eu~ ~ound rente, P~u~, and aeeeesnnents.~vil~ tierwme delinquent, ~
~ such eums to be held by Mortg~ageemtn~attoPsY~b~d~~P~~,~es,aadspecialae~aeeeu~ents. #
~ (b) T6e a~gregste af the amounta pa pureusat to subpara6raph (s) aad thoeeps on the note secured ~
~ ~tated:' shall be paid in a ang~yment ench manth, to be app~ied io the f~ items ~ 1Le ordet
~
~ (n 6~d aad othu Las~ud inetu~aoe premiums; .
~ (II) interee~ on the note ~ecared ~y; and
(III) aanortisstiun of the principal ot ssid note. .
Any deficiency in the smount of such~regste monthly ~ayment ~aD, unlees made ~ood by the Mort-
ti.
Y, or pnor to tLe due dste of the next suchps ~ment, conatatute an event of defsult under thia mort~s~e~.
~ A~t
Mortgagee'e option, Mort,~agor wrill psy a"bte charge" not exaeeding four per centum (4~Jo) of any install• ;
ment when paid more than Sfteen (15) dsys after the due dste thereof to oover the ~act,ra expense involved iD ,
~ handling delinquent ~syments, but such "late charge" shall not be psyable out of We proceeda oi any eale
made to satisiy the indebtednees ~ecured hereby, ude~ such proceeds are au~cient b drBCL~rge the entira
~ indebtedne~ and all proper costa snd eupenees eecured thereby.
3. II the total of tl~e payments mscle by~ t1?e Mortgagor under (s) of paragrap}~ 2 preceding shsll eaceed :
~:t the amount of ps~ menla actuslly msde b~ the Mortgagee, as trustee !or ground renta, ta~ce.s and asaesamenta,
and insuranc~ premiums; sa t}ie case ~nay be, such excesa el,sll be cre~ited on subsequent psyments W be m~?de
b~ the Mortgagor for sucli itema or, at Mortgagee's option, as trustee, shall bc+ refunded to Mortgsgor. I[,
~ ho~vever, sueh nionthly psvments shall not be au~cien~ to pss such itema ~vhen the same shall become due
aAd pa•able, then the Mortgagor sl?all pay to the Mortgagee, as Rrustee, sny ~?mount necessary to make up ~
~ the d~ciener. Such ps~-ment ~1~all be mede within thirty (30) dsva sfter ~vntten »otice tmm the Mortgagee
stating tbe aonounti of tLs deficieney, Rhich notice may ba g'~~on by msil. Ii ati aa~ time ~e Mortgagor ~ali ~
~ OR y~p n~+ ~
BCOK ~.c7~ FACE JUV
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