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Home My WebLink About1907 ~ ~ ~ i The Mortgegor 6ereby covenaats witL the Mortgager~ t6at he ia indefea.~ibl seized oi said laad ia fee eimple or such other ests~e~ d eny ea is ststed hereia; U?at, he haa full power and law~ul right to copvev t6e sHrue as ofareseid; t,ha~ lhe laad is iree ~com all encumbreaces except, as herein ot.herwise recit,ed; thst said 111ortgagor ~viU make such further assurances to pmvo We storesaid tiLlR t,o seid land in said Mort~gegee ua may be rexson- sblyreq uired~ and that said Mortgagor Joes hereby lully warisn6 t6e title to said lsnd, and every part ~tiereot~ snd will defead the same 4gvinat Lhe lawful claima oi ~ll persona whomsoever. Paovinsfl A~weYS thet it the I~iortgagor a6a11 p~?y unLo tLe Mortgagee t6st certsin promiaeory note, oi wLich tLe following is a subatantial oopf, to wi6: i 33, 300.00 Fort Pie ce ~~Ol~`~" May 16 ~ 1~ 75 . Foa VeLUS Rscs~vsD, We underei~ned promise(s) to p~y to THE I.OiMAS ~ NETTI.ETON COMPANY ~ oorporation organised and e~oating under the ~~e ~ THE STqT E OF CON1dECTICUT~ or order, the principal sum ot ~IR1R THREE THOUSAND THREE HUNDRED AND NO/ 100 Dollsrs (i 33, 300.00 •vith inte~+est irom date st the r~te of Eight and one half P~ centum ( 8 1/~0) Per annu~ on t6e unpaid balance until paid. ~ The said princ~pal and interest ahall be psyable at the o~ce of The Lamae ~ Nettleton Company 175 Orange Street 1II New Havep CotntLecticpt 06~~ ~ or at such other p1aoE ss the holder may designate in writing deliver~d or mailed ~o the debtor, m mon y installmente of FI~-~q S~~o8/1 256.08 ~~mencing on the firat day of ~Y . , 1975 , ~ ~nbwg firat day oi each month thereafter until this note is fully paid~ eacept at~ d not eooner paid, the final payment of principal sud interest shall be due and payable on the first day of 2 pcivilege ia reserved to prepay sL any tame~ without premium or fee, the entire m e tednes~~~ny part thereof not less than the amount of one installmeat, or one huadred doUats (=100.00), w6ichever is less. Ptepayment in full shall be credited oa tde date received. Partial prepayment, other than oa an instaUment due date, need not be credited until the nart Idlowing inttaliment due date or thldy days after. such prepayment, w6ic6ever ls eulier. If any deSciency in the pa ment of any instalUnent under thia note is not msde good prior to the due date of the ne:t such installment~ ~e entire principal sum and accrued intereat ehall at once become due and Fay- able without notice at the option of the holder of this note. Failure to saercise this option shall not oonstatute s waiver of the right to eaercise the same in the event of any sub~equent default. In the event of defsulL in the pepment of thia note, snd if the asme ie collected by an sttorney st lsw, the undersigned hereby agree(s) to pay all costa of collection, including a reasou+,bttl abt~rn~y's fee. This note is eecured by mortga~e of even dste executed by the undersigned on c~ertsin property described therein and represents money -actually used for the acquisition of eaid prope.rty or the improvemente thereon. Presentment~ proteat. snd notic.~s are hereby waived. `~~u~ - ~ ~ [s~?i.~ M R. GOODWINp~ ~ ~Q1+ti C~ /V~ o ~~,yJ4-+n~~_ [sSAI.] DIANE C. GOODWIN ~ [Sg/?L] [sEnL) And shall duly, promptly, and fully pedorm, discharge, execute, e8ect, complete, and comply with and abide ! by each and every the stipulations, agceements, conditions, and covenants of said promissory note and of thia ~ mortgage, then this mortgage and. the estate hereby created shall cesse and be null and void. ~ The Mortgagor further covenants as follows: • ~ 1. That he wiU pay the indebtedness, as bereinbefore provided. Privilege ia reserved to prepay at any time, ~ without premium or fee, the entire indebtedness or sny part thereof not less t,hsu the amount of one installment, or € one hundred dollars (i100.00), whichever is less. ~ 2. In orcler ~uore full~• to protect ihe securit~- of this n~~rt~a~e, the ~fortgagor, toget}zer with, and in ~ addit ion to, th~ monthl~• pa~•n~ents under th~ terms oi the note s~rurnd hereb~-, on thr first da~• of each month ~ w~til ihc said not~ is full~• puid, Kill pa~- tc? the Ltort~a~:~~, s.s trustee, (under tt?~ t~n~~s of tl~is trast as l~erein- ~ after statcd) th~• fullo~in~ swns: (s) A sum equal t.a the ground rente, if any, neat due, plus the premiums that will next become due and payable ~ on policies of fire and other haaard insurance covering the mortgaged praperty, plus taxes and asse.qsments next due on the mortgage.d property (all as estimat~ed by the Mort.aagee and of w6ich the Mortaaaor is : ~ notified) less all sums already paid therefor divided by the number of months to elap~e before one month ~ ~ prior to_the dste when such ground rents, premiums, taxes, and sssessments will become delinquent, such sums to be held by Mortgageeintnisttopaysaidgroundrents,premiums,ta~ces,andspecislssse.ssments. ~ (b) The aggregate of the amnunts paynble pursuant to subparagraph (a) and those payable on the note secured ~ ~ hereby, shall be paid in a single payment eac6 month, to be applied to t6e following itema in t6e order ~ stated ~ (I) ground renta, t8aes, assessmente, fire, and other hasard insurance premiums; _ (II) interest on the note secured hereby; aad M (IIn amortiaation of the principal of aaid note. ~ ' ~ Any deficiency in the amount ot such a~regate monthly payment shall, unless made good by the Mort- ~ ~ gagor pr~or to the due date of the next such pa~ ment, const~tute an event of default under this mortgage. ~ At Mortgagee's option, Mort~agor will pay a"late charge" not exceeding four per centum (4%) of sny install- 3 ment when paid more 4han fifteen (15) days after the due dete thereof to cover the extrs expense involved in handling delinquent payments, but such "late charge" shall not be pa~able out of the proceeds of any sale ~ made to satisfy t6e ~ndebt,~dness seeured hereby, unless such proceeda are suli'icient to discharge the entire ~ iadebtednesa and all proper costs and expenses secured thereby. ~ 3. I~ lI1P IAiBI O~ lI1P pa~-~uents mad~ hr tLe ~forl~agor und~~r (e) of para~ruph 2 precedinR shall eaceed ~ the amount of pa~•ments actuall~• mndr M• tlie ~tort~?a~;e~~, as trust~~. ~or ~;roun~l r~mts, taxes end assessments, and insuran~e pr~miu~iis, ~4 ~IIP CBSP IIIII~' h(`, such excess shall t~ credite~l on sul~c~que~it pa~•ments to be made ' b~ the Nortga~or for su~h items or, nt :~tortgnRce's option, as truste~, st?all be r~fundpd to Mortgagor. If, _ ~ however, such u?ontl~h- pa}•ments sh~ll not t?c• suffi~•ient to pa}- su~h ite~ns wh~n the same shall become due ~ and pa~•able, then thc ~iort~e~or shall pn~- fo th~ ~tort~o~~e, as truste~, nn~- an~ount necessar~• to make up ~ the de$cienc~•. Such pa}•niont shall bc~ n~a~1~ ~ithin thirt}- (:i0) da~-s nfter written no4ice from the Morigagee ~ atating the amount of the deficiency, which notice map be given by mail. If at, any time the l~iortgagnr shall > ~ - B~o~2~39 P~~1~2 ~ ~ ~ ~ ~ _ ~ _ _ ' ~ _z ~