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Home My WebLink About1940 Tde Mortgagor hereby oovenant,s with tha Mortgagec~~ that he ie indefeasibly eeuad oi asid Lnd in fee s simple or sucL other esta?te~ d any aa is sta?ted hereia; t6ot he haa tull power uid lawtul right to ooovev the snrae as a~oressid; tha6 ~ha lsnd is iree Erom aU eacu~ubri?ucee exoep6 as 6erein o~herwise recited; that eaidlviortgagor ~ ~vill malce such turt6er ~ueuranceo to prova tbe Joreeaid ~iWe to said l~ad ia said MoN~gagee as m~y be reaeon ; ablyr~qwred. and that said Mortg~gor does hereby i~y ~rarran~ the Litle to eaid land. ~nd svery part Uiereot, ~ and ~riU deteud We ume agsioat ths l~wiul cLima oi o11 pereons ~vLomaoever. ! i Paovinsn AL~r~YS tdst if the riorfgagor sball p~y unLo the Mortgages thaL oert~in promieeory aot,e, oi = wbich ths following is a subatwtisl oaPB~ to wiC: ~ = 33,000.00 Fort Pierce , ~O"~ ~ Septe~ber 8 ~ 19 75 • ~ . , FQn Vr?t.vs RscuvsD. the unckrai~ed pmmise(e) to pay to ~ 4 THB LOMAS 6 NBTTLETON COt~ANY ~ ~ s oorporstion organised and eaating under the ; lawe ot THB STATS OF CONNSCTICUT. or order. t6e principal sum oi T8IB1R THRBB THOUSAND AND ~ NO/1 33,000.00 with interest imm date at the rsLe of p~g per centum ( g Per annum on the unpsid balanoe unW paid. ' The e~id princi~l and inr~ ahall be payabie at the o~oe of The Losas ~ Nettleton Co~pany ~ 175 Orange Street ! 1DHev~aven~C~n~ti~c~~ 06510 . or at ench other plsoe as the hdder msy deeignste in writing ; ddiv or e r, m monthly installmenta otTfi~p HtTNDRED S7XTY FIVB AND 65/lOfDo~la:s ~ (i 265.65 ~~?encing oa tbe Srst dsy of NOVEL~ER , 1975 , ~d ~~~8 ~ ~ ~ fiest dsy of each month theree~tter until this aote is iully paid, e~cc~ept thst, if not eooner paid, the Snal psymen6 ~ oi principal aad interest ahaU be due wd pay~ble on the first dry oi 0(,'TOBBR ~ 2005 . privile~e is reserved to prcpay ati sny time, wit6out premium or fee. the entire indebtedneee or sny part t6ereof not lest tNm tbe amount of oae inttallment, or one hundred dollus (=100.00), whichever is less. Prepayanent ia full fIlll~ bCC CICdI~ OD ~ diLe I'CC@~Yl4I. P~L~iI pI'CpljiQlCllk O~i ~i[I Ofl ~R I115~iIIQICQt 1IQC ditC, nced not be credited nnW the ae~ct fdlowin~ installment due date or thizty days attu such ptep~ymeat, afiic6ever ic euiier. Ii any deficiency in the payment of sny inat411ment under tbis note is not made g~ood prior to the due date of the nezti such inatallment, t6e entire principal sum and accrued interest ehsll at once beoome due and ~sy- ~ sble without notice st the option ot the holder of tLia note. Failure to esercise this option ahsll not oonstatute s waiver of the righti Lo euem,ise the eame in the event oi sny subeequent deisul~. In the event oi default in the ~ psymenti of thia note, and it t6e sama is collecf~ed by an sttorney at l~~v, the undersigned hereby agree(a) to psy all oosts oi collection, including a ressonable attorney's fee. ~ This note ia eecur~ed by mortgage ot even date executed by tLe underaigned on oertain property deeciabed ~ tLerein and representa money sc6ually used for t~e acquisii~i~:n ~f said property or the improvements thereon. i Presentment. protest. and noticA are hereby waived. ~ ~ - ~sa"i'~ ~ - ~Etut~ Ent~ e~t [ssni.] . [~l ~ i And shaU dulY~ Promptly, and f~illy pedorm, discharge, execute, eSect, complete, and comply with and abide ~ j by each and ever~r the stipulations, agreements, conditions, and eovenants of said promiseory note and oi this ~ mortgage, then th~s mortgsg~e and the estate hereby crested shall cesee aud be null and void. ~ The Mortgagor further oovenaats as followa: ~ ~ 1. That he wiqps y the indebt~edness, sa hereinbefore provided. Privilege ia reserved to prepay at sny time, ~ without premi~un or fee, the entire indebtednees or say part thereof not leeB than the amount of one installment, or ~ ~ one hundred dollara (i100.00), whichever is less. 2. In order more full~ to protect the securit~• of this mortgage~ thc :1~fortgagor, together with, and in addition to, the tnonthl~- pa~ments under the terms of ihe note secured hereb~, on the first ds~ of each month until the said note is fu~l~ paid~ will pa~ to the Mortgagc~e, as trustec, (under th~ terms of this trust as herein- after stated) the following swna: (s) A sum equal to t6e ground rente, if any, ne:t due~ plus the premiums that will next become due and payable on policies of Sre end other hasart~ ineurauce covering the mortgaged property, plus taues sad assessments neut due on the mortgaged pmperty (all sa eatimated by the Mortgagee aad of ~vhich the Mortgagor is aotified) leas all sums slready paid therefor divided by the number of montbs to ela~~pee before one month prior to the date ~vhen such ground rents, premiums~ ta~ces, sad aseessments will become delinquent, euch suma to be held bq Mortgageeintruattop~?ysaidgroundrents,premiums,taxes,andspecialas~eaements. (b) The aggregate of the smounts pa able pureuant to anbparsgraph (a) aad thoeepayable on the note aecured hereti~, shaU be paid in a~ Pe?Yment each moath, to be applied to the fsllowing itema in the order stated: ; (n Bround rente, ta:es, ss~asmeate, fire, aad other 6asard insurance premiume; f ~ (In intareat oa the note eecured hee+eby; sad ; - (IIn amortisation of the principsl d ssid note. ~ ~ Any deficiency in the amount of sucha~gregate monthly payment ahall, unless made good by the Mort- ; ~ gagor pr~or to the due date of the next such peyment~ constitute sn event of default under this mortgage. . : ~ At Mortgagee's option, Mortgagor will pay a"late charge" not exceeding fow per centum (4%) of any instaU- ~ ment when paid more thsn Stteen (15) days after the due date thereof to cover the extra expense. involved in ~ ~ handling delinquent psymenta, but such "late chsrge" ahal! not be paysble out of the proceeds of sny sale ~ ~ made to sstisfy ihe indebtedness secured hereby, unless such proceeds sre au~cient to d~scharge the entire - ~ ~ indebtednese and sl! pmper costa sad expensea secured thereby. : ~ 3. If tl~e total of the pa~~nents maci~ b~ the Mortgngor under (a) of para{;rnp)~ 2 preceding shall exceed ~ tlie amount of pa~ ~nenls actuall~ niad~ b~• t~~e :~'Iortgagce, as trustee, for grounci rents, taxes and assessments, ~ and insurance premiums, as the case ma~• be, such excess sl~all be credited on subsequent paymenta to be made ¢ ~ by the Mortga~;or (or such itetns or, at Mortgngee's option, as trustee, shall be refunded to Mortgsgor. If, however, such mont)dy pa~ments shall not tx~ suff'i~•ient to pa~- such items when the same ahall become due and pa~able~ then the Mortgagor shall puy to tl~e Mortga~ee, ns trustee, an~ amount necessary W mske up the de~iciency. Such pa~ment. shall be n~u~le within th'vtp (:i0) da~~ after wtitten notice [rom the Morigagee ststing the amount of the deficiency, wl~ich notice msy be given by meil. If at any taa?e the Mortgagor shall i~OC~r ~`3J PAGf ~9gO ~ , . , ~ ~ - - - _ . - - - - - - - r ~ ~ ? _