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Tbe Mortgagor hereby, coveni?nta with the Mortgagee, that ha ia indeieaai? i~ised oi said Lad ia fes ~
rimple os suc6 other eau?6e~ J~ay w is st~ted heroin; that he has tull powac and ls~ul right ~o ooovev the seme
a~ atoresaid; th~t the 4ad a iree from all encumbranoes exoep~ as herein o~herwise recited; tb~t said~tortgagor
will make suc6 furt6er aesuranoea to pro~e tLe atoc~eeaid title b esid land in s~id Mortg~gee w may be re+~son-
ad~yrequie~ed, u?d t~hu~ said Mortgagoe does hereby iull xacran` tbe title 6o e~id l~nd, aad every part thereoi~
aad ~riU detend L6e same agsias~ the bwiul dainos of ~ persons whomsoever. ar
PItOV1DtD ALNAYS th~t it the Mo~tgagor shali py unto the Mottgages f~?t osrf~in pmmiseory note~ oi
wLich tLe iollovring is a~ubstanf~ial ooPJ~ Lo wiL:
= 25,000.00 Fort ~ierce .
September 15 •19 75 •
Foa Vwi.vs Rscsnrso~ tha underei~ed praniee(s) io p~i? to
THB I.a!!AS ~ NBTTLBTON COI~AIdYY
, s oorporatioa ordsaiaed aad e:ietin~ under tbe
Lws ot THE STATB OF COla1BCTICUT~ or order~ t6e priacipai sum of TiiENTY FNS T80USAND AND
NO/100----- ----Doilsra (i 25,000.00 writh interest fmm date at
tbe nte of NINB P~ ( 9 %'o) P~ aanum on the unpaid balance uatil p~ud.
The asid principal snd inLeresc ehaU be payable ac the o~'ice ot
The Lomas ~ Nettleton Conpany
175 Orange Street `
in Nev 8aven, Conn~cticut 06510 , or at suc6 otber place as the holder m~y de~ste in writing
delivec+ed ar meWed to the debtor, in monWly instaUmenta of TWO flUNDRBD ONB AND 25/100- Dollats
201.25- ~~~cing on the S~st dsy of r1pVElBBR , 1975 , and oontinuina oa the
6rs~ d~y oi each month tLereaiter until tbia note is fully paid~ esc~ept thst, d not sooner paid, t6e Ein~l payment
oi princ~pal aad iat~erest eball be due and payable on the first day oi p~pgg~ ~ 2pp5 ,
Pri~ileQe is reserved to prepsy at any time~ wit6out premioan or fee. the entire indebtedness or any parti
thereoi not lat tbm the aawunt ot oae inWallmeaR ot one hundred doUaes (i100.00). whkhever is less. pe~epaymeat in fuU
~all be credited on the tLte received. Putial prepayment, otber thw oa m instaUtnent dne date, neM not be credited uatll
tbe ne~ct fdlowini iaWallmeaE due date or ti~irty days atta~ ach pnp~yaaent, r?hiche~rer ic adjer.
H sny deficienay in the psyment of sny installment under tbia note ia not msde good prior to the due dste
of t6e ne~ct suc6 installunen~, • tLe entire psincipal sum and eccnied interest aLsll at once beoume due md ~ay
able without no4ce sti the option of the holder of this note. Failure to e:em,iae this option ehall not oonstatute
a waiver of t~he rigL~ to ezem,ise the same in We event of any subeequent defsul~ In the avent oi default in the
psyment oi this note, snd if t6e eame is collected by an attorae~ st Lw, the undersigned hereby a~gree(s) to
psy sll costs of oollection, including a reasonable attorney's fee.
Thia note is eecured by mortgage of even date executed by t~e nndersigned on eertsin property described
thecein and represents money actually used for the aoquisition oi said property or tbe improvemento thereon. .
Preeentment, pmtest. and notice are hereby waived.
.
i~iILLIAM RICHARD RENNIDY .
. [senL]
i.At~t1't~n x~rtEUy
[s~.l
; And ahall dulY, Pmmptly, and fully pertorm, discharge, execute, eHect~ complete, aad comply wit6 and abide
' by each and ever~ the atipulations, ag~+eements, conditiona, sad oovensata uf eaid promieaory note and of thie
~ mortgage, t6en ttus mortgage aad the estate hereby created shall cease and be null and void.
4 Tbe Mortgagor further oovenaats as tollowe:
1. Tbat he ~vill paq the indebtedness, as hereinbefore pmvided. Privilege ia reserved to prepay st any time,
without prennium or fee, the entire indebtednees or say part taereof not less than the amount of one installment, or ~
one hundred dollara (f100.00), ~rluchever ia lese.
2. In order morn tull~ to protect the securit,~ of this mortgage, the Mortgagor, together with, and in
addition to, ihe monthl~ payments under the trrma of tlie not~e secured hereby, on the first da~ of each month .
until tlie said note is (uyly paid, vrill pa~ to the ;biortgagee, as Lrustee, (under the terms of this trust es herein-
after stated) the lollowing swns: .
(s) A eum equal to the ground reata, it any, ne:t due, plns the premiums that will next beoome due and payable
on policiea of Sre and other hasard insurance covering t6e mort~aBe~ Pi'oP~Y, Plus taxes and assesamenta
neut due oa the mortgaged pr~perty (dl sa eatimated by the Mortgagee and of which the Mortg,ngor is
notiSed) less all sums already paid t6enfor divided by the number of montha to elape~ before one month
prior to tbe dste wbea such 6round reats, pnmiums, tasea, and asee~t$ will beooma delinquent,
such enma to be held by Mortgageeintnisttopaqeaidgmundrenta, premiums,tasea,andapecislsas~nenta
(b) The aggregate ot the amounte pa able pu~uant to subparagraph (s) aad thoeepayable on tbe note aecured
herr~iy, ehs11 be paid in a ang~e PsYmeat eacb month, to be applie~ to the falow?ins itema ia the ordet
etated
~ (n ~+ound rwte, tasea, aee~neats, 5re, and other hsssrd insursace premiums;
~ (In iaterest an the aote eecured hereby; and
4 QIn amortisatioa of the principal of eaid note.
~ Any deficiency in the smount ot auch aggregste monthly payment shall, unleas made good by the Mort- ~
- gagor pryor to the due dste o[ the next such payment, const~tute an event of defsult under this mortgage.
~ At Mortgagee's option, Mortgsgor will pay a"late chsrge" not exceeding four per centum (4%) of any install-
~ ment when paid more thsa fifteen (15) days aiter the due date thereof to cover the extra e~cpense involved in
haadling delinquent paqmente, but auch "lste chsrge" ahall not be psyable out of the proceeds of any sale
~ made to satiafy tLe indebt~dness secured hereby~ ualess such proceeds sre su~cient to d~scharge the entire
~ indebtedness and all proper costs and expenses secured thereby.
A 3. 1t the total of the pa~ ments macl~ b,- the Mortgttgor under (a) of para~rupl? 2 preceding shall exceed
~ the amount of pavments actunll~ mad~ b~• t}le MortgaKee, as truatee, for ground rents, taxes and assesamenta,
and insurance premiums, as the cage ma~ be, such eacesa ahall be credited on subsequent payments W be made
~ by the Mortgagor for sucl~ items or, at Mortgagee's option, as trustee, ahall be refunded to Mortgagot.. If,
~ however, such r~ionthly pay menta st~all not tx~ suffi~•ient to pa~ such items when the same ahall become due
and pa~
able, then tl?e Mortgagor shnll pav to tt~e Mortga~;ec, us trustee, an~ an?ount necessary to mske u
~ the deficienc~. Such pa~-ment shall be made within thi~t;v (30) davs after written notice from the Mortgage~e
~ stating the amount of the deficiency~ which notice msy be gi~veR b mail. If at sn time the Mortgagor shall
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