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Home My WebLink About1652 Tha Mortgagor hereby, covensaLs arith tLe Mortge~ge~~ that he is indetea.~ibl seized oi esid land ia !ee simple or such other estate~ J aay as is afsted herein; thnt he has tull power and la~ul righ~ to ooAVev Lhe same as ofareeaid; thst the land ~s iree ~mm sll encumbrancea except as hereun otherwise recii,ed; th~t said~sortgagoc ' will mske such further assursnces to pmvo the aforesaid tatle to said Isnd in said Mortgagee us msy be rei?son- ablyrequiced, and t6at said Mortgegor doea hereby fully ~rarrant the title to s~id land~ and every part W~ereot~ snd ~vill detend the ssme against t.he lewiul claima oi ~?ll peraons wbomsoever. Paovinsn ALw~Ta that ii the rio~tgagor sholl pay unto fae Mortgagee tbat ce~tain pmmise~ry note~ oi ~vluch the Lollowing ia s substant,ial ooPf~ to wi~: i 26,700.00 FORT PIERCS , F7oridn. April 15, ~ 19 15 • Fos V~?i.us Rscuvsn, the undersi~ed promise(e) to psy to TNE LOMAS ~ NBTTI.ETON COI~ANY , a oorpocation organi~d and e~osting under the la~ve of THE STATE OF CONNECTICUT~ order~ the principal sum of ~Ty SIX THOUSAND, SEVEN HUNDRID AND NO/100-------------------------- 26,700.00 with intc~+eat irom date a~ the rate of EIGBT P~ centum ( 8 P~ annum on the unpaid balaace until paid. The said principal and iaterest shall be payable at t6e o~ce af ~e Lomas b Nettleton Compaaq 175 Orange Street New Haven, Connecticut 06510 ~ ~ , or at auch other p1aoE as the holder msy designate in writing delivered or mailed to tbe debtor, in monthly installmenta of ONE HUNDRED NI~~y FIVE~ 98 j 108°~ 195.98 commencing on the first day of , 1975 , and oontanuuig on the firet day oi each month thereafter untiI thia note is fully paid~ except at, it not eooner psid, the final papment of principal and interest shall be due and paysble on the fust day of Mpy , ypps . privilAge ia reserved to prepay at eny time, without premium or f~. the entire indebtednees or any par~ thereof not less tbm the aaiount oE one in:taUmeat, or one 6undred doUars (a100.00), wtichever is less. Prepayment in tuU shalt be ccedited on the date received. Putial prepayment, ot6er thm on an installment due date. need not be credited uatil t6e ne~ct following instapmeat due date or thirty days after wch ptepayment, whic6ever is eulier. ~ If any de6ciency in the payment of any inatallment under this note is not made good prior to ths due date of the next auch inatallment, the entire principal sum and accrued intereat shall at once become due snd ~ay- sble without notice at the option of the holder of this note. Failure to eaercise this opt:on ahall not oonatatute s waiver of the right to eaercise the same in the event of any subsequent default. In the event of default in the payment of thia note, and if the same ie collected ~iy an attorney at lsw, the undersigned hereby agree(s) to psy all coste of collection~ including a reasonsble attorney's fee. This note is eecured by mortgage of even date executed by the undersigned on certsin property described therein and represents money actually used for the acquisition of said pmperty or the impmvemente t6ereon. Preeentment, pmteat~ snd notice are hereby waived. [SEAL] RONNIE LEE YORK ~ - ~ [s~?~~ PATRICIA ELAINE YORK [sEAI.] - [sFr?~J ~ l And shall duly, prompt~ly, and fully pedorm, discharge, execute, eHect~ complete, snd oomply with and abide ~ by each and every the stipulations, agreements, conditions, and covenants of asid promissory note and of this ~ mortgage, then thia mortgage and the estate hereby created shall cP.ase and be null and void. ; The Mortgagor further covenants as follows: ~ 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time~ ~ without premium or fee, the entire indebtedneas or any part thereof not leas than the amount of one installment, or one hundred dollara (i100.00), whichever is less. 2. In order morn full~• to protcct the serurit~- o[ thi~ mortga~e, thc Mortgagor, togetlier with, and-in adilition to, the monthl~- pa~-ments under the lenns of the note se~ured hc~reb~~, on the first da}- of cach tnontli w~til the said note is full~ paid, Kill pn~• t~ th~ 1~1ortRu~~e, as truste~, (under the terins of this trust as hcrnin- after stalccl) tiic: follov?ing sums: (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policiea of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due an the mortgaged pmperty (all as estimated by the Mortgagee and of which the Mortgagor is notised) lese all sums alrea,dy paid therefor divided by t6e number of months to elapse before one month ~ prior to the date when auch ground rents, premiums, taxes, and sssessments will become delinquent, ~ such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums,ta:es,andspecialass~ments. (b) The aggregate of the amounts pay nble pursuant to subparagraph (s) and those payable on the note secured hereby~ ahall be paid in a single payment each month, to be applied to the following items in the order ~ ~ etated ~ (I) ground rents, taxes, assessmenta, Sre, and other hazard insurance premiums; ~ ~ (II) interest on the note eecured hereby; and (III) amortisation of the principal of said note. ~ An deficienc m the smount of such ate monthl a ent shall unless made ~ood b the Mortr ' y. Y gK~~ Y P Ym , g Y ~ ~ gagor pr~or to the due, date ot the next such payment, constitute an event of detault under this mortgage. ; ~ At Mortgagee's option, Mortgagor will pay a"late cl?arge" not exceeding four per centum (4°Jo) ot any install- ~ ment when paid more than Sfteen (15) days after the due date thereof to ~over the extra expense involved in : handling delinquent payments, but such "late charge" shall not be payable out of the proceeds of any sale : ~ made to satiafy the indebt,edness secured hereby, unless such proceeda are sufficient to discharge the entire ' ~ indebtedness sad all proper costs and expenses secured thereby. ~ 3. If the total of U~e pa~-mems maci~ b~- the ?~lortgu~or uncler (u) of para~raph 2 precedin~ shall exceed ~ the amount ot pa~-~nents actuall~• ma~l~~ b~• tf~e ~1ortKaKee, as trustee, for ~roun~l rents, tuxes and a~se~cments, and insurance premiunis, as th~ c•ase ~nu~~ be, such excess shall ix~ credited on subseyuent payments to be made ~ b~ the ~+longa{;or for such items or, nt :~tortgu~ee's option, a.4 trustee, shall be rPfunded to Mortgsgor. If, however, such monthl~ pa~•ments shull not, Ix• suffi~•ient to pa~• su~h iten?s when ttie same shall become due and po~•able, t}ien the Mortga~or shull puv to the Mort~u~ee, as trusteP, an~- amount necessery ta make up the de~icienc~•. Such parment shall t~ n~a~1e within thirt}- (:30) da~~s afler written notice from the Mortgagee atating the amount of the deficiency, wl~ich notice may be given by msil. If at any time the Mortgsgor shall BOOK ~JO PAGE~VSQ . ~ . ~ lk?~e+y _ z-"'e 4'4: p .rra s ~ ' J ~ k ~l~ 2tiv `5~~'.-_ . i