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Home My WebLink About2315 The Mortgagor hereby coveneats with the Mortgaget?, that he ~a indetea.aibl}? 's8ized oi said lsnd in tee aimple or such other eatates J any aa is ataLed herein; that he hss tull power and lawiul right to couvev the sarae as sioresaid; tLat the lund is iree ~rom all encumbrences except ss herein otherwise recited; that said711ortgagor will make such turt,her assurancea to provo the aforesaid title to eaid laud in s~id Mortgagee us may be renson- sbly re~ quired~ and that said Mortgagor does hereby fully warrant the title to said la~d~ and every part llierooi~ and will defend the same against t,he 1~?wiul clsima of ell persona whomsoever. Paovinsn Auw~vs that if the ?~iortgagor ahall pay unto the Mortgagee thet cectsin promisaory note~ oi ~rhich the following is a substanti~?l cops~ b wit: = 28,900.00 FORT PIERCE , Floridi?. April 22 ,19 75• FOR VALUS RSC6IYED~ the undereigned proraise(e) to pay to THE LOMAS b NETTLETON COI~ANY _ , s o~rporatioa organised aad e~riating under the lawa of THE STATE OF CONNECTICUT, oc order~ the principal su~ of ~~y EIGHT THOUSAND NINE HUNDRID AND NO/100------------------- (i 28,900.00--- a?ith interest from date at t6e rate of EIGHT P~ ~ntum ( g per annum on the unpaid balance until paid. The esid principal and interest shall be payable at the office of ~e Lomas 6 Nettleton Company 175 Orange Street New Haven, Connecticut 06510 ~ ~ or at such other plaoE sa the holder may designate in writ.ng delivered or mailed t,o the debtor, in monthly installments of ~0 HUNDRED TWE VE AND ~3/1Q0 Dollara 212.13 commencing on the first day of ~g ,~9 75, an oontinuing on the firat day of each month thereafter until this note is fully paid, except that, if not eooner paid, the final payment of principal and interest shall be due and payable on the &rat day of Mpy ~ 2005 privilege ia reserved to prepay at any time~ without premium or fee. the entire indebtedaess or any part thereof not less than the amount of one iastallment, or one hundred dollus (;100.00), whichever is less. Prepayment in full shaD be credited on the date received. Putial prepayment, other thaa on an installment due date, need not be credited until the next followiag instaltment due date or thirty days a[ter such prepayment, whichever is eulier. If any deficiency in the payment of any inst,~illment under thia note is not made good prior to the due date of the next such installment~ the entire pruicipal sum and accrued intereat shall at once become due and ~ay- able without notice at the option of the holder oi this note. Failure to exercise this option ahall not conatatute s waivec of the right to eaerc~se the same in the event of any subsequent default. In the event of default in the payment of this note, and if the same ia collected by an attomey at law, the undersigned hereby agree(aj to pay all coste of collection~ including a reasonsble attornEy's fee. This note is secured by mortgage of even date e~cecuted by the undensigmed on certain property d~cribed therein and represents money actually used for the acquisition oi said property or the improvemenfa thereon. PresenLment,, protest, and notice are hereby waived. [s~?i.J EDDIE WHITFIELD - [s~L] SALLIE MAE WHITFIELD ' - [SEAL) ~~L~ And shall duly, promptly, and fully perform, discharge, execute, eHect, complete, and comply with and abide i by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of this E mort.gage, then this mortgage and the estste hereby created shall cease and be null and void. y The Mortgagor further covenants as follows: • € 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay st any time, ~ without premium or fee~ the entire indebtedness or any part thereof not less than the amount of one installment, or ! one hundred dollars (i100.00), whichever is less. ~ 2. In urder mor~ full~- to prot~c•t thr s~~<•uri1~- of this ~nort~aK~~, the 41ort~;a~or, together wit}?, and in s ad~lition ta, th~ monthl~• pa~-n?ents under th~ t~rms of the not~ s~~~ure~l h~•reb~-, on thc• first dac of eac}? month ~ until t)?e suid not~ is full~• puid, H-il! pn~- tc~ th~ tiiorigA~~c~, as truste~. (under t:i~ terms of t}?ic trust as herein- after stetecl j the fullo~~•in~? sun~s: ~ (a) A sum equal to the ground rents, if any, next due, plus t6e premiums that will next become due and payable on policies of Sre.and other hazard insurance covering the mortgaged property, plus taxes and asse.ssments a next due on the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is ~ notified) less all sums already paid therefor divided by the number of months to elapse before one month ~ prior to the date when such ground rents, premiums, taxes, and agsessments will become delinquent, ~ such sums to be held by Mortgagee~ntrusttopaysaidgroundrents,premiums~taxes,andspecialas.5essments. ~ (b) The aggregate of t6e amounts paynble pursuant to subparagraph (a) and those payable on the note secured ~ hereby, shall be paid in a single payment each month, to be applied to the foUowing items in the order ~ stated: ar (I) ground rents, taxes, assessmenta, fire, and other haaard insurance premiums; ~ (II) interest on the note secured hereby; and (III) amortization of the principal of said note. Any deficiency in the amount of such a~;gre~ate monthl~~ payment shall, unless made good by the Mort- gagor prjor to the due date o( the next such payment, constitute an event oi de(ault under this mortgage. ~ At Mortgagee's option, Mort~agor will pay a"late cl~arge" not eaceeding fow per centam (4QJo) of any install- ~ ment when paid more than fifteen (15) days after the due date tl~ereof to cover the extra expense involved in handling delinquent ~ey ments, but such "late charge" shall not be payable out of the proceeds of any sale ~ made to satisfy the ~ndebtednecs secured hereby, wiless such proceeds are au~cient to discharge the entire indebtedness and all pmper costs and expenses secured thereby. ~ 3. If tl?e tMal of th~ pa}-m~nts innd~• h~• the '~1ort~n~;or undi~r (n) ~f paraKrupl~ 2 pm~edinK shall exceed the amount (1{ PH\'1I1P11(S RP~USIII~' I1IRIIP h~• tlu• ~tortKuKe~~, as truste~, fc~r ~?rnuncl rnnts, taxes end asses.cments, ~ and insurance pr~iniunis, as thr cas~ ~nn~~be~, such excess shall b~ credit~~l un su}~~~yuent pa}•ments to be made b~• the ~iort~u~;or for su~h iten~s or, ut ~lortgn~~e's option, as truste~, shall be r~funded to Morlga~;or. If, ' however, such ~nontl~l~- pa~•ments ~hall not L~ suffiri~nt to pa}- su~~h iten~s H•h~n the same shall become due ~ and po~•able, then tl?c ~fortKagor ~hall pa~• to th~ `1ort~n~~i~, as trustc~, un~• an~ount nepcssar~ to make up ~ tii~ de~iciencr. Sucl~ pa~•~nent shall b~ inu~l~ Kitt?in thirt}- (:i0) du~•s after written nobiee fro~n ~~~e Mortgagee ~ atating the amount of the deficienc~-. wLich notice may be giren by maiL ~I Rat any time the lbiortgagor ehall ~ BOOK ~.JO PACE 2311 ~ _ ~ _ ~ ._x . _ _ < ~ ~s ~ i ~ ' ~ . ~ ~'~'~~'Y~'.-'~.~~~~.~.x'`~` i 'x_,. ~