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Home My WebLink About2125 Tha Mortgagor bereby, coven4ata with t~he Mortgagee, Lhot he is indeteaaibl~ sei~d oi s.id Lnd in ies simple or such ot,her estate~ tf wy aa is stated hsrein; t,hst he Laa tull power snd 18wfu1 rig6t to ooovev tha sama aa aioresaid; tba~ the l~ud ~s free ~mm all encumbranoes euoep~ as herein ot~?erwise recited; th~ti eaid7uiortgagor wiU malce such turther aesuranoes to prove the doresaid title to said land in said Mortg~gee sa may be reeeoa- ~d wiU dei~en' d t6e~sameud Mortgagor does Lereby tuU ~ruran6 tLe tiNa t~o s~id land, wd svery par~ thereoi, aa ~gsins~ ~he l~wful daima oi ~ persons ~vhomsoever. PnoviDSD AL~r~YS t6at i! the Mortgagor ahaU pa~ wnto ths Mortg~ges tha6 oert~sin promieoory aote, oi wLich t4e ioAc?wing is ~ subst~antial ooPS. to wiC: = 16, 300.00 Fort Pie ce ~~Or"~ September 11 , ~9 ~S . • FoR Vu.vs P~sescvsn~ the underei~ned praaiee(s) to p~,y to T~iB LQ`IAS ~ NBITLETON COI~ANY ~ s oorporatioA o~anised and e~dedina under the L?wa ot TNB STATE OF CONNECTICUTor ocder. tbe principal sum oi SI~T88N THOUSAI~ID THRBB NUNDBED AND NO/100 - (i 16 300.00 with interest irom date aL the rste ot p~g per centum ( 9 Pe* annum an t6e unp~id balunoe until pud. The eaid principal sad interest ehall be psyAble st !6e office of The I.o~as 6 Nettleton Co~pany 175 Oraage Street in ti , or at euch other plao~ aa tLe holder msy designate in ~vritins delive ed~or~mi~ed to°t~e~eb~orutin~m~~l,j? installmenta o# ONB fl1)ITDBBD THIRTY ONE AND 22/10~d1a~s (i 131. 22 oommencing on the 5rst dsY ~ NOV~IBSR , 19 75 , and oontinuiag on the fira6 dsy of each month thereafter until tbis aote is fully pud~ ezcept tLat. if not eooner paid, the final~payment oi principal and interest a6all be due aad payable on the 6rat dsy oi OCTOB88 , 2005~ Privile~e is reserved to prepi?y st sny time, without premium or tee. the entire indebtednees or sny Part t6aeoi not le~ tban t6e aawuat oi oae jasWla4eat, or oae 6uadeed doUais (~100.00), whic6ever is kss. Prep~ymeat in ful~ i shall be credited oa the date received. Pattial prepayment, other than on m insWlmieat due date, aeed oot be ciedited until ~ tde ae~ct idto~ia~ in:411ment due date or thirty days atter aucb pirp~ya~eat, whicherrr ~S eaciier. If any deficiency in the psyment oi sny inatalUnent under tbis note ia not made good prior to tha due date of tha nezt aucL instsllmen~, t~he entire principal sum and accrued iaterest ehall at once beoome due and Fay ` able witLout notice at the option ot the holder of tbis note. Failure to ezercise this option shall not oonst~tute ! s wuver of the right to ezem,iee the same in the event oi any subseyuen~ defsul~ In the eventi of default in the ~ psyment of t~6is note, and if the s~?me is uollected by an sttorne~ at L~v, the undetsigned hereby agree(s) t~o 3 psy sll oo~ts of oollectioq including a resson~ble attorney's fee. ! Thia note ia eecueed by mortgage of even date e:ecuted by the undersigned on oe~rtain property deecribed therein snd repreeents money actiually used for the acquisition of said prope~rty or~Ll~e improvement~ tbereon. Preeentment, prateat, a,ud notiws are hereby waived. f ~ ~ ~ JAMES WAYNE BUTH . - [sa~?L] cn~s~~ ' And shall dutY, Promptly, and fuUy pedorm, discharBe, execute, eHect, complete, aad complq ~vith and abide ! by each and every the stipulations, sgreementa, oonditions, and oovenants d ssid promieaory note and d thia ~ mortgage, thea thia mortgage aad the est~?te 6enbp created ehall cesee and be nuU end void. ; The Mortga6or further oovensnts aa follo~vs: 1. T4tat he will pe?y the indebtednees, se hereinbefore pmvided. Privilege ia reeerved to prepsy at any time, ~ without premium or fee, the entire indebtednees or anq psrt thereof not lees than the amount of one inatallment, or ~ one hundred ddlara (t100.00), ~vhichever is lesa. ! 2. ln order ~norn tull~ to protect~ the security of this morigege~ the :Viortgagor, together with, and in j addition to, the monthl~ pa~•ments under th~ terms of the note spcured hereb~, on the first da~ of each month ! until tLe said note is fu~l~ paid, will pa~• to the Mortgagee, as trustee, (under the terms of this trust as herein- ~ after stated) the following suuis: f ~ (a) A eum equsl to t6e ground renta~ if aay, ne:t due, plas the premiuma that will next become due and psysble on policiea of Sre aad other har~rd ineurance oovenng the mortgaged property plua ta~ies and ssseasmeata : ~ next due on !he mortgaged property (all as estimated by the Mortgagee sn~ of ~vhich t6e Mortgagor ia ` ~ noti6ed) less all sums already paid therefor divided by the number~of m~ths to elapee before one month i ~ prior to t~u date when s~ch grcwnd reats, premiums, taxes, snd a~ents w~ll ~COme delinquent, ' ~ auch suma to be held by Mortgageeintnisttopayeaidgmundrenta,premiucns,ta~cea,andspecialass~nents. ~ (b) T6e aggregate of the amounts pa able pursuant to subparagraph (a) and thoeepayable on the note ~ecured ~ ~ereb~r, shall be psid in s aing~e PsYment e~cb m~th, to be applied to tLe f~lowing itema ia the order ted ~ (n gmund renta, tasee, asaeasmente, fue, aad other ha:srd insurance premiuma; ~ (In intereat on t6e note eecure~ hereby ~ and - ~ (IIn amortisatian of the principal of esid note. ' Any deficiency in t6e amount of suchaggregste monthly psyment shall, unless made good by the Mor~ ; s gagor pr~or to the due dste of the next such payment. const~tute sn event of deisult under thia mortga~e. ~ At Mortgages's option, Mortgagor will pay a"late charge" not exc~eding four per centum (4°Jo) of any instail- ~ ~ ment when paid more thsn Sfteen (15) days after the due date thereof to oover the extra expense involved in ~ handling delinquent paqments, but such "late chsrge" shsll not be psvable out of the proceeda oi any sale ; made to astisfy the indebt~dness secured hereby, unleas such proceeds ue sufficient to discharge the entire ; ~ indebtednese and sll pmper costs aad expenses aecure~ thereby. { ~ 3. If the total of tt~e pa~ n~ents mad~ br tlie Mortgngor under (a) of para~rapli 2 preceding ahall exceed ~ ~ the amount of pa~ ments actunll~ mad~ bv t~ie :11ott~s~;ee, as trustee, for ground rents, taxes and essesaments, and insurance pre~niwi~s, as thr. case tna~ be, such excese s)~all be credited on subsequent psymenta to be made ~ bv the Mortgagor for such items or, at Mortgo~;ee's option, as trustee, ahall be refunded to Mortgagor. If~ however~ such montlJy pa~ments sl~all not tx~ suffirient to pa~ such items when the same shsll become due ~ and pa •able, then tl~e Mortge{zor shall pav to tiie Mortgs~;ee, na trustee, an~ arnount necessary to meke up ~ the ~fe~ciencv. Such pa~ment shall be m~1e within thirt,y (30) da~~s afler written notice fmm the Morigagee ~ sG?ting tLe amount of the deficiency, which notice msy be given by msil. If at any time the Mortg~agor s6all go~K2~3 PACE2125 - ~ - ~ ~y, ~ ; , ~ - _