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Home My WebLink About0644 The Mortgagor hereby covenante with t,he Mortg+ageq; f~sOr~e is in~et~aRibly aei~d ot said lsnd in fee aimplo or such other eatat,e~ J any as is stat,ed herein; that, ha h~A t~tll power ind lswiul right to oouvev the sxme as sioresaid; Lhat the lrad ~a iree ~rom ~11 encumbraacee e~ccept us herein aWerwise recited; that eaid~Iortgagor ~vill make such further aseurancee to prove the aforesaid title to said land i.a said Mortgages +~s may be reason . ablyreq uiced, snd th~t said Mortgago~ does hereby tully ~rarran~ the utle to said land, and every part W?eeeoi~ ~ •nd ~viU defend the same ~gsinst the lawful claima of W peraon~ ~vhomAOever. ` Paovinsn AL~v~YS t~6at if the I~io~tgagor shaU pay uaLo tbs Mortgagas Lh~~ certain pmmiseory aote, oi ; which the followiog is s substwtiat ooPS~ b~vit: , =17,000.00 Fort Pierce • ~On~ May 2 , 19 75 • Fos Vwt.va Ascravsn, tde underei~?ed promiee(s) to p+Y to THE LOMAS ~ NETTI.ETON COMI'ANY ~ s oorporatioa org~ni~d and e~ustiog under t~Le ~ ~ THE STATE OF CONNECTICUT ~~~er~ the principal sum ot gg~~EEN THOUSAND AND NO/ 100 Dollara 17,000.00 with interest irom dste at ~ rs~ d Ei~ht and one half Pei ~wm ~8 1/~0) P~ ~um on the unptud balanoe unW paid. The said princ~pai snd intec+est shatl be payable at the offioe of ~e Lomas ~ Nettleton Company 175 Orange Street ~ New Haven, Connecticut 06510 in , or at such other p1aoE as the holder may dedignate ia writing delivered or mailed to the debtor, in monthly iustallmenta of ONE HUNDRED THIRTY AND 73/ 100 ti 130.73 ~mmencing on the first day of ~,y . 19y5 , aad oontinuing on the firet dsy oi each month thereafter until this note ia fully paid, ezcept tLat, it not aooner paid, the finsl psyment of princapsl and interest shall be due and payeble on the first day oi ~Ng , 2pp5 . privilege is reserved to prepay at eay time~ withouti premium or fee. the entire indebtedneea or any parti thereof aot leas tl~an the unount of oae instaUmeat, or one huadred dollaes (;100.00), wAichever is less. Ptepaymeat ia full s6a11 be credited oa tLe date recetved. Partia! prepaymeat, ot6er tban on an installment due date. need aot be credited until t6e aent tdlovving installmeat due date or thirty days a[ter wch pnpaymeat, whicberer is earlier. Ii sny deficiency in t6e paym ent oi any inatallment under tbia note is not made good prior to the due date of the next suc6 instaliment, the entire principal sum snd accrned iatereat shall at once become due and pay- able without notice at the option oi the holder of thi~a note. Failure to exem,ise thia option a6all not oonstatute a wsiver of the right to ~ercise the same in the event o! sny subsequent deisult. In tbe event oi default in tLe payment oi this note, and it the ssme ia collected by aa sttorney at lsw, the undersigned hereby agree(s) to psy sll oosts of collection~ including s reasonable attorncsy's fee. 1'hia note ia eecured by mortgage of even date ezecuted by the underaigned on aert~in pmperty de~cribed j therein and representa money actuallp use~ for the acquisition of said property or the impmvements thereon. ~ € Preeentment, protest~ and notice are hereby waived. • ~ _ _ [SSAL] ! MOSES E. BIGHON ~ r ~~j £ : [sBr?i.]' ; [s~?r.} And ahall duly, promptiy~ and fully pedorm, discharge, execute, eBect, complete, and comply with sad abide s. ~ by each and every the stipulations, agrcemei?ts, conditions, and oovenants of said promissory note and of this ; ' mortgage, then this mortgage aad the eatate hereby created s6all oea~e and be null snd void. 7 E The Mortgagor further oovenants as followa: • : ~ 1. 1'hst he ~villpa y the indebtednesa, sa hereinbefore pmvided. Privilege is reserved to prepaq at aay time, ~ ~ witt?out premium or fee, the Pntire indebtedneas or say part thereof not lesa tt~n the amount of one installment, or ~ one hundred dollara (i100.00}, wh~chever ia lesa. ~ 4 2. In order tnorc~ (ull~ to protrct the securit.~' of Uiis mortgage, tl?e Vlortgagor, together with, and in a ~ addition to, the monthl~- pa~•ments under thc terms of the note sccured hereb~-, on t}?e first dn~ of each month ` ~ mitil tLe said not~ is full~ paid, will pu~• to the Liort~a~ee, as t~rustee, (uncier th~ terins of this trust as herein- ; a(ter statecl) tl?e tullow•ing sums: r g (e) A aum equal to t6e ground rents, J any, neat due, plus th~ premiums that will next beewme due and payable ? on policies of Sre and other hasard insurauce covering t6e mortgaged property, plus taxes and assessments ~ nert due on the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is ~ Q noti8ed) less sll eums already psid therefor divided by the number of months to ela~pee before one month ~ ~ prior to the date when such ground rents~ premiums, taxes, and ae~eessments will become delinquent, ~ ~ such sums to be held by Mortgageemtrusttopsysaidgroundr~ents,premiums,taues,andspecislassesscnents. ' ~ (b) The aggregate of the amounta paqable pursnant to subparagraph (a) and thoeepa~ yable on the note ~ecured t ~ hereby, ahall be paid in s single p~yment esch mont6, to be appLed to the following itema in the order ~ atated ? ~ , - (I) Bround rents, taxes, ass~sments, fire, and other hasard insurance premiums; i - (II) interest oa the note eecured hereby; sad ' 4~ QIn amorti:ation of the principal of said note. ~ Any deficiency in the amount of such aggregate monthly payment shall~ unless made good by the Mort- ~ gagar pr~or to the due date of the next such psyment, const,itute an event of default under this mortgage. # ~ At Mortgagee's option, Mortoagor will pay a"late cl~arge" not exceeding four per centum (4°Jo) of sny inatsll- ~ ~ ment when a~ more than ~fteen (15) days after the due date thereof to cover the eatra expense involved in handlmg de ic~uent pay ments, but such "late charge" ahall not be payable out of the proceeds of any sale ~ made to satisTy the indebtedness secured hereby, unless such proceeds are sufficient to d~scharge the entire ~ ~ indebtednesa and sll proper costs and expenses aecured thereby. ~ ~ 3. 1f the total oi the pa~-inents ~nnd~ b~- the Mortgugor und~r (a) of paragrnph 2 preceding shall exceed the amount of pa}•ments actunll~- n~ad~ b~' t~ie `1ortK~ee, as trustee, for ~round rents, tnxes and ss.~esaments, ~ and insurance prcmiwns, as the case ma~~ bc, such excess shaD be cre~lited on subseyuent payments to be made ~ by the titortgaE;or for such ite~ns or, nt :~4ortgt?gee's option, as trustee, shall be refunded Lo Mortgsgor. If, ~ ~ however, such monthl~' pa~-ments shall ~~ot 1?e suffic•ient to par such ite~ns when the same shall become due ~ snd peyable, tt?en the Mortga~or shnll pn~- to thc MortRa~cc, os truste~, an~• amount necessary to make up the deficienc~. Such ps~ment shal) t,e~ mn~le witi~in thirtv (:30) da~~s after w-ritten not~ice from the Mortgagee ateting the smount of the deficiency, which notice msy be given by mail. I! at any time the Mortgagor s6all ~ ~ $OOK~ ~AGE ~ . - - ~ r ~ : _ , ' - ~ ~ ~ . . _ . . _ -a. .