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Home My WebLink About1762 ~ . . The Mortgagor heraby covenRUta with I,hs Mortgagec~, t,hat he i~ indeleaaibly seir.ed ot aaid land in fes ; ~imple or such ot~er atate; d u~y as ie ststed he~+eia; that he hqa tull power and 1~?wlul right to ooovev tbe sRms ~ as Joreeaid; fbpt tLa taad ~s iree from ~11 encumdr~?nces exoopt ~s heraia oU?erwiae recited; th~ti saidl~toregagor wiU maks such further a~awranoes to prove tbe atoreasid titk to wid Iand in said Mortgagee ~s auy be re~n- ~y par •b req uired, and th~~ said Mortgogor does heroby i ~rur~a~ the utle b eaid laad, and every par6 Lhereot~ f aad will defend tLe ~ams ag~ins~ the bwful olaima of pereoas whomsoever. ~ PnoviDSn AL~reYS tb~t it the Mo~tgagor a6all py unto tbs Morfg~ges t~t oect~in promieeory note~ oi . which tLs following i~ ~~ubstaotiat ooPS. Lo wil: . = 21,850.00 Septeabeir9 Pier1~75 ~ Foa Vwws Rscs~vs~, t~?e underai~nad pro~nise(s) t~o p~y t,o THS LOMAS ~ NETrLBTON C~ANY , s oorporation or6anised and e~atina nnder tbs - bwa of ?HB STATS OF CONNBCTICtJT~ or ader, the principsl aum of 1~iBNTY ONB T80USAI~ID SIGHT HUNDRED FIFTY l~I~ID 210/1 21,850.00 with iatereat from dste at , t6e rste vt NINB P~' ~ g%) P~ aanum oa the unpsid balanoe unW paid. The eaid principat ~u,d intereet ehall be pe?y,?ble .t Lbe oBioe ot ?he Lo~aa ~ Nettleton Company ~ 1~5 Oraage Street in Nev Baven, Conaecticut 06510 ~ or at such ot6er plaoe as the 6dder m~?y deeig~ste in writing delivered or mailed to t6e debtor~ in moathly installmente ot ONS 8[TNDRED SBVBNTY FIVS AND 89/l~d~ (i 175. 89 commeacins on the srsc dsy of Hovffi~i98fl , 19 75 , and oo~ntinuin~ oa the firs~ dsy oi eac6 month thereaiter until tLia note ~ tuUy pud~ escept tLst, ii not eooner paid, tbe final payment oi princapol and int~ec~est e6a11 be due and payable on the firat dsy of ~ g$~ , 2pp5 . - Priviie~e is neerved to prep~y~t aq~ time~ without premium or fee. the ent'~~re~indebtednees or any Part tbareot aot las thm the anwuat of Nee IoWaDmeat, or one huade+ed dollus (=100.00)~ whichever h leas. Pcep~yaaent in tull shaU be cre~ted on the date received. Parti~l pnpa,yn~eut, otber t6an on an iottaltment due date, aeed aot be credited nnW the nr~ct tdlowin~ ia:tallmeat due d~te or thi:ty days atter wcL prep~yanent, wfilche+rer ic eulier. Ii any defic~eacy in the payment oi sny instslUnent under this note ia not made g~ood prior to the due dste of tLe ne~ct such installment, the entira r~incipal sum snd sccrued intereet ahall at onoe beoome due and psy- iI+ sble vvithout ~tice st the option oi the lder oi thia note. FWure to e=emise this optioa ehall not oonat~tute a waiver oi the righL t~o eze:r.ise the same in the event oi any snbeequent defsul~ In the eveat of deisult in the psyraent of tkhia note, and if the esme is oollected by an sttorney at law~ the underaigned hereby agree(s) to p~y sll oosts oi oollection, including s ressonsble sttorney's fee. Thffi note is eecured by mo~ of even date eaecuted by t6e underaigned oa oertain property deecribed _ tLerein and representB money ac y ased for the soquisition of said property or the improvements thereon. Presentment, pmtest. ~nd notice are hereby waived. [~?L~ BENJAI~IIN F. POWEB ~ [s~a~?L] NARY T. POWER [sg~?r.~ ~ And s6all dn1Y~ Pmmptly, aad fully pedorm. discharge, exeeute, eHect, eomplete, and comply with aad abide ~ by each and ever~? the stiPul~?tiona, agreemeats, conditiona, and eovenanta d esid promiasory note and ot this ~ ; mortgage, tbea th~s mortgage and the estate Lereby ereated ahall ceaee md be null sad vaid. ~ i The Mort~or further coveaaata aa followe: t 1. T6st he willpe y the indebt~nesa, as hereinbdore pmvided. Privilege is reeerved to prepny st sny time, { ~ without premium or fee~ the eatire indebtedne~ or any psrt thereo~f not lees than the amount of one installment, or ~ one hundred dollara (i100.00), whichever ia lese. ~ 2. In order more full~ to protect the securit~ of this mortgage, the :4lortgagor, together with, and in i ~ addition to, the monthl~ pa~7~ienta under thP terms of tlie note securecl hereby, on t}?e first da~ of each month i until tl~e said note is futly paid, will pa~ to the Mortgagee, as trustee, (uncler the terms of this trust es herein- ; s ait,er stated) the following swns: 1 ~ (s) A eum ec~ual to the ~ouad rents, if any, nert due, plua tbe premiums thst will nPact bec~ome due and payable 3 ~ on poLc~es ot 5e+e and oLher hasard inauranoe covenng the mortgaB~PI'oP~Y. Plus ta~ces snd assessment8 ~ next due oa t6e mortgaged property (all sa estimsted by the Mortgagee and of which the Mortgagor is ~ notiSed) less alt enms slready paid l6erefor divided by the nwnber of montha to ~ before one month prior to the date when such ground rEnta, premiuma, t~ces, and sasessmenta become delinquent, ~ euch eums to be held by Mortgageeintavattopayeaidgrouridrents,premiums,ta:ea,aadspeciales~smenta. (b) The a~te of the amounte ps able pureuant to aubparagraph (a) and thaeepayable on the note secured = hererby, eball be paid in s sing~e PsYmeat each month, to be spplied to the follo~ng itema in t6e order stated ~ (n gravud rents, taxes, aseeasments, fire, aad other: hassrd insuraace premiume; ~ (In intereat an tbe note secured benby; and _ (IIn amortisation ~ the principal of ssid note. ~ Any deficiency in t6e unount of suchsggregste monthly psyment ahall, unless made good by the Mort- ~ gagor pr~or to the due date of the next such psyment, const~tute sn event of delsult under this mortgage~. = At Mortgagee's option, Mortgagor will psy a"lste chsrge" not exceeding four per centum (4°fp) oi any inatall- P ment when psid more thui fifteen (15) days atter the due date thereof to oovsr the extrs expense involved in ~ hsndling del'?nquent paymente, but auch "late chsrge" shall not be psysble out ot the proceeds of any sale ~ made to satiafy the indebtr.dness secured hereby, unlesa such proceeds are su$'icient to discharge the entire ~ indebtedness and all proper c~ste and expensea secured thereby. 3. If the total of the pa~ menia madc b,• the Mortgttgor under (a) of paraprnph 2 preceding ahall exceed the arnount of pa~ ments actu$11~ ms~i~ b~• tt'e. Mortgagee, as trustec, for ground rents, taxes and assessments, ~ and insurance premiun~s, as the case ma~ be, such excess shsll be credited on subsequent paymenta to be made ~ bv the Mortgagor for such itema or, at Mortgagee's option, as trustee~ shsll be refunded to Mortgsgor. .If, ~ however, such n~ontldy~ pay ments sl~all not be suffi~•ient to par such items when the same shall become due ~ snd pay able~ then tlio :VlortgaRor sl~nll pap to tl~e Mort~ap,ee, us trustee, an~ amount necessary to make up ~ the deficiency. Such pa}-ment sLall be mn~le within thirt;v (3Q) da~B after wtitten nobice fmm the Mortgagee ststang the amount of the deficiency, which notice may be given by mail. Ii st any t,ime t~e Mortgsgor shall _ aoox243 ~cE1?'6i~ ~ a~~~~~ ~ _ ~ - _ - - . - ~ F ~ti~: _