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Home My WebLink About0287 The Mortgagor hereby oovenants with t6e Mortgagee~ t,hat he is indafeaAibly seized ot said Lad in fee eimple or auch other estatet d uiy as ie stated berein; that he has f ull power and lswiul right to cwuvev the anma ~s atoe~esaid; thot the land,s iree ~mm all encumbrenoes ~cept ~?s hereia otherwise recit~d; thaL said7vtortgagor ~vill mske such further aeewnnoes to provo the vtoreeaid title to said Iand in said Mortgasee as msy be rcason- ablyray uired, and th~t said Mortgego~ does hereby fully wsrraat the title to esid Isnd~ and every part t,hereof, aad ~rill defend ths aama ogainat the lawiul claiaoa of W pereons whomAOever. PROVIDBD AL~I/AYd ~ai if the hioctgagor ah~ll psy unto the Mortgages th,t ~ect~?in pmmissory note, oi ~ e~hich We tollowing is a subst~utial ooPf, to wit: + i 22,000.00 . Fort Piares , F7orids, Jal~ 24 .19 75. Fos Vwt.vs Rtcs[vsn~ the uadecai~ed pmmiee(e) b psy to Ir0!(AS b MaY'1Z.E'i~Ol~ 00l~~iY , s oorporation organi~d and e~ostina under t6e la~ve at ~ 8'LZR Ol? (~C~ICU?. or order, the principal sum of l~iJi~?~-1~ ?~WS~IiD 6 110/100 Dollara 22,000.00 with interest fe+om dste at t6e rate of ~is6t 6 oa-half per centum ( 8~%) P~' annum oa the unpsid balanoe until pnid. The said principsl and intereat shall be payable at t6e office of ~ye ~,~a ~~lsttlaton Co~paqy, 175 Oraa~a Strest in li~r flann, Cottnecticat 06510 , or at such other plaoe ae t6e holder may deaignate in writing delivered or mailed to the debtor, in monthly inat,allmente of ~~ED SI=1T-~IIiE b 18/100 Dollars (i 169.18 commencing on the 6rst day of g~t~~ , 1975 , and oontinuing on the ~ first dsy oi each month thereafter until thia note is fully psid~ eacept tLst~ if not eooner psid, t6e final~ pa~m ent ~ of princ?pal and interest a6all be due snd psyable on the firat day oi ~ugwt , 2005 ~ Privil~ege ia reserve~ to prepay ~t sny t~ime, without premium or fee. the eutire indebtednees or any psrt F thee~eoi not les~ tbaa t6e amouat of oAe installmeat, or oae huadred doUarc (=100.OQ)i whiChever t6lest. Yi[~epaymept i~1 full ? ahaU be credited oa the date receired. Putial prepsymeat, other thaa oa m iustap~neat due date, need aot be credited until the next fdlowin~ instaliment due date or thirty days atter wch prepaymeat, w6jchever is earlier. _ If any deficiency in the pa~ymen6 of any inatallment under this note is not made good prior to the due date of the nezt such installment~ the entire principal sum and accrued intere8t shsll at once become due and ~ay- able without notics st the option oi We holder of thia note. Fuilure to eaercise tbis option shsll not oonstatute a waiver of the right tio ezercise the same ia the evenr of aoy aubeequent defsul~ In tbe eoent of detault in the psyment of thia note, and if the same is oollected by sn attornay st Isw, the undersigned Lereby agree(s) to pay all costs oi collection, includiag s reasonsble sttorney's fee. ~ Thia note ia secured by mortgage of even date eaecuted by the underaigned on oertain property described therein and represents money acLua~ly used foc the acquiaition of esid property or Lhe improvemente thereon. Presentment~ pmtest~ and notic~, are hereby waived. ; i , > ~ ~ jr r ~ ~ L w ~ l _ / L( L _ ~L , ~ ~ ~ ltonaie Les Bea~er ~ /1 ,r" fj ~ . J-? [sSAL] ~ .~!~~~'_!_•_J~.~ ll'.Drl~ .~-~G :~~tgAl,~ Clarissa Nadin~e Baaver ~ t~~ ~ E And shall duly, pmmptly, and fully pedorm, discharge, eacecute~ eHect, complete, and compty with and abide ~ by each and every the stipulations, sgreements, conditions, and covenants of said pmmissory note and of thia ; mortgage, then this mortgage and the estste hereby created s6all cease and be null and void. ~ F The Mortgagor further coveasnts as follo~vs: ~ ~ 1. That he ~vill pay the indebtedness, ss hereinbefore provided. Privilege is t+eserved to prepay at any time, ~ without premium or fee, the entire indebtedness or auq part thereof not less thau the amount of one instatlment~ or { one hundred dollars (i100.00), ~vtuchever is less. : 2. In order morn full~• to protect the securit~• of tliis mort~age, the 4fortgagor, together with, and in ~ addition to, ihe monthlv pa~ments under the terms of the note secured hereb~~, on the first cis~ o( each montli i until the said note is full~~ paid, will pa~• to the MottKug~e, as trustee, (under the terms of this trust as herein- ~ after stated) the following swns: ~ (s) A sum ec~ual to the ground rents, d any, nert due, plus the pe+emiums t6at ~vill neat become due and payable ~ on poLciea of fire $ad other hasard insurance covering the mortgaged property, plus taxes and agsessments ~ ne~ct due on the mortgsged pmperty (all aa eatimated bq the Mortgagee and of which the Mortgagor is notiSed) less all eums already paid Werefor divided by t6e number of months to elapee before one montn ~ prior to the date when such ground rents, premiuma, taxes, and assessments will become delinquent, such sums to be held by Mortgageeintrusttopaysaidgrcwndrents,premiums,taxes,andapeciala~snnents. F (b) The aggregate of the amounts psyable pursuant to subpsragraph (a) and thosepeyable on the note secured ~ ~ y, ebsll be paid in a single payment each month, to be applied to the following items in t6e order ~ ted f (I) graund rents, ta~ces, assessments, fire, and ot6er hasard insurance premiuma; ~ (II) intareat on the note eecured herebq; aad - ; (III) emortisation of the principal of said note. ~ Any deficiency in the smount of sucha~e~;a te monthly psqment ahall, unless made good by the Mort- ~ ~ gagor pr~or to the due date o[ the next such payment, const~tute an event ot default under this mortgege. a At Mortgagce's option, Morig agor will pay a"late charge" not excee~ling four per centum (4°Jo) o( any install- ~ ment when psid more than fiiteen (15) days after the due date thereof to cover the extra expense involved in f ~ handling delinquent pay ments, but such "[ate charge" ahall not be payable out of the proceeds of any sale ~ made to satis[y the indebtxdness secured hereby, unless such proceeds are suS'icient to d~scharge the entire ; ~ indebtedness and sll pmper c.osts and expenses secured thereby. ~ ~ 3. I[ the total of the pati-~~~ents msd~ h~ the ~4ortgngor under (a) of paraf;rnpl? 2 preceding shall exceed ~ ~ the amount of pa~•ments actunll~ mad~ b~• t~~e ~'IortKa~e~, as trustee, for ground rents, taxes and as.gessments, ~ ~ and insurance preiniwns, as the case ma~•~bP, such eacess shall be credited on subseyuent pavments to be made ; ~ bv the Mortgagor for such items or, nt 1V[ortgugee's option, as trustee, shall be retunded to Mortgsgor. If, however, such montl~ly pa~ments sl~all not tx~ suffirient to pa~ surh itenLg when the same ahall become due ~ ~ and pa ~able, then the :4lortga~or shnll pn}• to th~ ~tort~a~~~•, a4 trustee, an~ amout~t necessary to make up ~ the de~cienc~. Suc}i pa~-mcnt shall be mn~ie within thirtv (30) da~-~ after written nol,ice from the Mortgagee ~ ~ atating the amount oi the deficiencq, which notice msy be given by ma~l. ~I ~at an time the Mortgagor shsll ~ ~ ~~~42~~ ~~7 : :F . s ~ _ ~ a _ ~ ~ ~ ~ h i~~~ - - ~ _ ~ ~ _ _ _