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Home My WebLink About1058 The Mortgagor hereby covenants with t,he Mortgagee, that ha is indeteasibly seized ot said laad in fes aimple or such other ests~e~ J any ea is etated heroin; th~t ha h~a tull power aad lswiul right to oonvev the same aa ~ioresaid; t~he~ the Irad ~s iree ~rom ~il encumbn~aces except, as herein ot~herwise recited; that ssid7Viortgagor ~vill make suc6 lurther aeaunnces to provo Lhe atoresaid title to eaid lanJ in s~id Mortgagee sa may be reaeon- s ab req uired, and th~t said Mortgago~ does hereby i wursn~ the tiWe to said lu,d, aud every par~ W?ereot~ ' aa ~ilt defend the same against t~he lawful clai~ o~ pereon~ w6omsoever. ~ PAOY1DgD ALNAYd tLat lf tile I1~10lf$igOr l~fiU pi~ 11II~0 ~ MOl'f~i~N ~Li6 ~LL~1D }lrOm1880t~? IIO~~ oi which tha tnllowing is s subst~anti~l oopj, to wi~: i 40,000.00 Fort Pierce , Florids. July 29 .1975 • Foa Vwt.us Rscuvsn, the uade~ed pmmiee(s) to pqy to - ~ THE LOMAS 5 NETTI.ETON COI~ANY ~ . s oorporatioa orgsni~d and ~ under the ~ s 1~we ot T~ STATE OF CONNECTICUT~ ~~er, the principal sum of ~OUSAND AND NO/ 00 ----------------------------------------Dvllars (i 40,OOO.QO ~vitb inter~ from date at " the rste d Bight and one half per eentum (8 1/2~Jo)~per sanum oa t6e unpaid balance unW psid. The said principal sad interest ahall be payable at tbe o~ce of The Lomas S Nettleton Company 175 Orange Street in New Haven, Connecticut 06510 , or at such other plao~ aa the holder msy deaignate in ~vriting delivered or mailed to the debtor, in monthly instsllmenta of THREE HUNDRED SEVEN AND 60/ 100 Dollars 307 . 60 ~~A?eaciag on the first day of SEPTII~ER . 19 75 ,~d oontinuiog on the first d.y oi each month thereatter until tLis note ie fully paid, except thst~ if not eooner paid, the finsl payment of principal and mterest ahall be due and payable on the firat duy oi AUGUST . 2005 Privilege ie reaerved to prepay st any time, wiWout premium or iee. the entire indebtednees or any put F tAereot aot less than t6e unount of one installmeat, or one hundced doUus (;100.00). wfiichever is less. Prepayment in [uU shail be credlted on tde date received. Partid prepayment, other than oa an iastaUmeat due date, aeed not be credited until the aeut fdlowias instaUmeat due date or thirty days atter such prep~ymeat, whicherer is eadier. If any deficiency in tLe psym ent oi sny installment under thia note is not made good prior to tLe due date oi the nezt such iastallment, the entire principsl sum and accrued interest shall at onoe beoome due and ~y- able without notice st the option oi the holder oi thia note. Failure to exercise thia option shsll not oonstitute a araiver of the right to esercise the seme in the eve~t of any subeequent defsul~. In We event of defaul~ in the psyment of t,hia pote, and if the same is aollected by an attornay at law, the underaiigned hereby agree(s) to pay all coata of collection, including s reasonsble attorney's fee. ' This note ia eecured by mortgag_e of even date ezecuted by the undersigned on oertain property described therein and representa money actually used for the acquiaition of said property or the impmvemente thereon, Presentment, pmtest, and notice are hereby waived. ; r - r/s/ROBERT A. 3Eh'NINGS ~gg~L~ ~ " i ROBERT A. JENNINGS -j ' ~sg~t'~ 3 /s/BARBARA A. JENNII~GS _ ~~L~ BARBARA A. JENNINGS [sg~r,7 = i And shall duly, pmmptly, und fully pedorm, discharge, execute, eHect, oomplete, and oomply with and ahide t i by esch and every the stipulations, sgreements, conditions, and oovenants of said promiasory note and d this ; mortgsge, then thia mortgage and the estate hereby created shall cea~e aad be nuU 8ad void. The Mortgagor further covenants as follows: 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, k ~ without premium or fee, the entire indebtedneas or any part thereof not less than the amount of one iastallment, or 4 E one hundred dollara (=100.00), whichever is less. ~ 2. In order inorn full~- to protect the sc~curit}• of this morl~age, the tiiortgagor, together with, and in ; addition to, ihe monthl~- pa~•~nents under the terms of the note secured heret~~•, on the first da~ of cach mont,h > until the saicl note is full~ paid, will par to the ~'Iort~agc~e, as trustee, (und~r th~ teruis of this trust as herein- ~ after steted) the fullowing swns: 3 (a) A sum equal to the ground rents, if sny, next due, plus the premiums that will next become due and payable ; on poGciea of fire and other hazard insurance covering the mortgaged property, plua taxes and assessments ~ aezt due on t6e mortgaged pmperty (all aa eatimated by Lhe Mortgsgee and of which the Mortgagor in ~ g notified) les8 all eums already p~ud therefor divided by the number of months to elapee' before one mont6 ~ ~ prior to the date when such ground reate, premiums, taxes, and aesessments will become delinquent, ~ such sums to be held by Mortgagee m trustto pay said gn~und rents, premiums, tasee, and special a~c?ents. ~ (b) T6e aggregste of the amounts payable pursuant to aubparagraph (a) and thoeepayable on the note ~ecured - ~ bereby, ahall be paid in 8 aingle payment each month, to be appUed to the following itema in the order ~ ~ atated f (n ground rente, tauea, assessmeate, Sre, aad other hssard insurance premiuma; Y (II) intereat on the note eecured hereby; sad ~ Y ~ (III) amortisation of the principai of eaid note. ~ ~ Any deficiency in the amount oi such aggre~ate monthlp payment ahall, unless msde good by the Mott- ~ gagor pr~or to the due date of the next such payment, const~tute an event oi default under this mortgage. ~ At Mortgagee's option, Mortgagor will pay _a "late charge" not exceeding four per centum (4°Jo) of any install- ment when paid more than fitteen (15) days a(ter the due date thereof to cover the extra expense involved in ~ handling delinquent ~syments, but such "late charge" shall not be psyable out ot the proceeds of any sale ~ made to satiafy the mdebtedness secured hereby, unless such proceeds are aufficient to discharge the entire = ~ indebtedness and sl! proper costs and expenses secured thereby. ~ 3. If tbe total of the pa~-ments ma~1~ h~• the Mortgugor under (a) of para~;ruph 2 precedin~ shall exceed ? the amount of pa~-ments actuull~ ma~l~ b~• tlie :lfortgaKer, as trustec, for ground rents, taaes and assessments, : ~ and insurance premiwus, as tL~ case ma~ b~, such excesa shall be c.redited on subsequent payments to be made ~ ~ by the :Nortgagor for su~h items or, nt Morigugee's option, as trustee, shall be refunded to Mortgagor. 1f, ~ however, such nwntl~ly pa~•ments shall not lx~ suffi~•ient to pa~ such items ivhen the same shall become due ~ and pa3•able, then the I~lortgagor shull pu~ to the Mort~a~ee, os truatee, an~ an~ount necessary to make up s the deficienc~•. Such pa~ment sliell br inude within thirt~ (30) davs after written notice from the Mortgagee ~ stating the emount of the deficiency~ wl~ich notice msy be~ve ail. If at an time the Mortgsgor sha11 ~ 8~~~~~it~ ~ ~ = - ~ . 'y ' ~ : ~ -R S'YC+ . ' { 4 ~ +o-nv~'. ~¢.n . a. - . _ ~~t , _