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Home My WebLink About2321 The Mortgagor hereby covenanta with the riortgage~~ thst he is indeiea.~ibl seized oi said land in foe a simple or such otber estate; ~i any ss is atate~i herein; that he has tull power and !a ul ri~ht to coDVev the snme as afaresaid; that the land ~a iree ~rom sll encumbrancea Bxcept as 6erein otherwise recited; t6aL aaid~liortgagor wiU make such further assurancea to provo the aforesaid title to said land in said Mortgagee us may be renson- ablyreq ~iced~ and that said Mortgegor doea hereby fuUy warrant the title to said land~ and evary part tlieroof~ and will defen.'. the eame against the lawiul cisima oi all persona whomsoever. PAOVIDED ALWAYB tZ1Bt 1~ Lt18 1110TI$BgOI 8LdU ~18y 11IIL0 L~6 MOi~BgE9 Lt18ti C6t't81D ptOlY11880I'31 AO~, oi ~rhicL the iollowing is a substantial coPf, to wi~: i 21,700.00 FORT PIERCE , Florida. April 18 ~ 19 75 - FOR YALUE RSC61V8D~ the undersigned promise(e) to psy to THE LOMAS ~ NETTLETON COMPANY ~ a corporstion organised aad e:isting under the lawa of THE STATE OF CONNECTICUTor order, the principal sum of ~~y ONE THOUSAND SFVEN HUNDRED and 00/ 100-------------------- ~ll~ 21, 700. 00--->> With interest trom dste at the rate of EIGHT________________per centum ( g~Ja) per annum on the unpaid balaace until paid. The said principal and interest shall be payable at the office af THE LOMAS ~ NETTLETON COMPANY 175 Orange Street in New Haven, Connecticut 06510 , or at such other place as the holder may designate in writing delivered or mailed to the debtor, in monthly installments of ONE HUNDRED FIFTY NINE and 28/10~~~ (i 159. 28 commencing on the first day of J~ , 19 75 , and continuing on the firet day oi each month thereafter until this note is fully paid~ eucept that, if not sooner paid, the final payment of principsl and interest shall be due and payable on the first day of ~y ,2005 • privilego is reserved to prepay at eny time~ without premium or fee, the entire indebtedneea or any part thereof not less than tbe amount of oae instaUment, or one hu~dred doUars (a100.00), whichever is less. Prepayment in tull shall be credited oa the date received. Putial prepayment, other thm on an installment due date, need not De credited until tde next foUowing installment due date or thirty days after such prepayment, whichever is eulier. If any deficiency in the payment of any installment under thia note is not made good prior to the due date of the next such installment, the entire principal sum and accrued interest shall at once become due and ~ay- able without notice at the option of the holder of this note. Failure to exercise this option ahall not oonstatute a waiver of the right to sxercise the same in the event of any subsequent default. In the event of default in the payment of this note, and if the same is collected by an sttorney at law, the undersigned hereby agree(s) to pay all costa of collection, including a reasoneble attornEy's fee. This note ia secured by mortga~e of even date eaecuted by the undersigned on certain property described therein and represents money actualty used for.the acquisition oi said property or the improvemente thereon. Presentment, protest, and noticP are hereby waived. r ~ ~ " ~~L~ J N CRUZ . w___.__. [s~?L~ , _ (s~?L) ' (s~?L] i And shall duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide F by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of thia ; mortgage, then this mortgage and the estate hereby created shall cease and be null and void. ' The Mortgagor further covenants as followe: t 1. That he will pay the indebtedness, ss hereinbefore provided. Privilege is reserved to prepay at 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 order inorn full~- to pmt~~c~t th~ s~~c•urit~- of this niortga~?~, the \~[ortKa~or, tagether wet}?, ancl in ~ uddition to, ih~ n~onthi~• pa~•nirnts und~~r th~ l~rn?s of th~~ note ~~~~•umd hf•reb~-, on thc• first da~- of cach month ~~ntil ~h~ sui~l twt~~ is f~ll~• pui~l, w~ill pa~• to the ~1ort~a~r~, as truste~, (under t:_~~ t~nns of this trust as lu~rein- aft~r stated) ihe follow•in~; sums: ~ (a) A sum equal to t6e ground rents, if any, next due, plus the premiums that wili next become due and payable on policies of Sre and other hazard insurance covering the mortgaged property~ plus taxes and assessments next due on the mortgaged property (all as estimated by the 11Sortgagee and of which the Mortgagor is ~ noti6ed) less all sums already paid therefor divided by the number of months to elapse before one month prior to the date when suc6 ground rents~ premiums, taxes, and ss,gessments will become delinquent, ~ such sums to be held by biortgageeintrusttopaysaidgroundrents,premiums,ta~ces,andspecialassessments. ~ (b) The aggregate of the amounts payable purauant to subparagraph (a) and those payable on the note secured ~ ee~re~b~y, shell be paid in a single payment each month, to be applied to the following items in the order ; ~ (I) ground rents, taxes, assessments, Sre~ and other heaard insurance premiums; ; (II) interest on the note aecured hereby; and (III) amortization of the principal of said note. ' Anv deficiency in the amount of such a~gre~ate monthl~• payment shall, unless made good by the ;~•iort- ;i gagor prjor to the due dace o[ the next such Payment, constitute an event of default under this mortgage. ; ~ At Mortgagee's option, Mortoagor will pay a"late cl?arge" not eaceeding four per centum (4°Jo) of any install- ment when paid more than tifteen (15) day~s after the due date thereof to cover 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 satis[y the indebtedness secured hereby, unless such proceeds are sufficient to discherge the entire indebtedness and sll proper costs and expenses secured thereby. 3. If thr total of the pa~-~nents ina~l~~ h~• tI~F 11ort~a~;or undc~r (a) of pnrn~?rapl? 2 pre~edin~ shell exceed thF umount of pa~•ments Uctut~ll~- iun~l~ b~• tlu~ ~1ort~;nk~~•, a.5 truste~, for ~!roun~l r~mts, taxes and as.4essments, `s and insuran~e pr~~tniunis, as th~• ~•as~ ina~-~b~~, su~h excess shall b~ cre~litec) on •ot~seyueizt pa~•ments to be made by thc :~'Ioriga~;or for suri? iten~s or, nt ~lortgn~~e's optio~z, fls trustee, shall be r~funded to Morlgagor. 1f, how~ver, suc}? montlilt- pa~•ments shull not b~ su~~•ient !o pa~• su~•h itenes wh~n the same shall become due ~ and pa~•able, tl?en tlic ~IortKagor sl~ull pn~- to t{~~ ~4ort~a~c~•, ns uuste~, an~- an~ount necessar~ to make up the cle~icienc~-. Su~h pe~•m~nt sliall b~~ ~na~i~ within thirt~- (:t0) da}•s ufter w-ritten notice from t~~e Morigagee _ ~ atating t6e amount of the deficienc~•, which notice may be given by mail. If at any time the I4lortgagor ehall ~ ~ ORs~p BOOK ~rJO FAC~~~~ a ~ ~ ~ ~ = ; ~ Y ~f - ~ w ~ ~ ~,~~y~ r _ ~ . ~ -~f. . ~ .