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The Morlgagor heseby ooveiian~s with the biortgwgee~ Lhat he i~ indeteaeib seisea oi ~aid Lnd in fee ~
aimple ar auch other esta?te~ ~i u?y as is gta?ted hereia; that he has tull power sad la ul righti b ooovev t6e anme
as atoreeaid; tha~ tbe tand u ires ~rom ~11 encumbnaoes e~coept as hereia otberwi~e recited; Uu~ said~iortgagoe
will mahe such furtiher assuranoas to prove the aforedaid ~iWe t~o eaid l~ad ia said Moctgages oa m~y be re~?oon-
ab~yreq uired, ~nd Lhati said Morigagor does hereby f~ ~ruranti ths tiUe to eaid lwd, and every pac~ thereoi~ ~
•nd ~vill deteod tds same againa~ We bwiul claims of perso~ w6oo~soever.
PItOV1DiD ALNAYS ~t It L~le MO[~~Ot db~U ~lty WltiO ~ MOl1$~a0 W~` Oell~ln pi'Om16s0~ n0~~ oi
which We tollowing is a substaatiW~l ooPJ, to wi`:
= 20,900.00 Fort Pierce
Septe~ber 15~1~75 •
Foa Vru.vs Rscuvsa~ t6e nnderei~ed pmmise(s) to p~,y to
T8B L~IAS b NBTTLE70N C~ANY
s
, s oorporstion org,ani~ed aad erieting under t6s ~
laws ot THB STATB OF COI~iNECTICt1T, or ordec, the principal eum ot 1~i8NT'Y THOUSAND NINB flUNDRBD ~
AND NO/100 Dollsrs (i 20,900.00 with interos~ irom date st i
the rate af NINB P~ ~ 9%) P~-annum oa the unpsid balsnoe until paid. !
The eaid priacipal and intee~es! ehall be psy~ble st the office of . `
The I.o~as ~ Nettleton Cospany - ~
273 Orsuga Streat
~ Nev Havea, Conaecticut 06510 .~~?t wch other place ae the holder msy deaigoe?te in writu~ ~
delivered or mWed to the debtor, in montWy installments of ON8 flUNDRSD SIRTY BIGHT AND 25/1~1~5 ;
(i 168.25 ~~~cing on the Srst dey of I~IOVEltBER , 19 75 , and oontinuin~ oa tbe ~
firati d~y oi each month t6ereaiter until Llns note is f~illy paid. ezoept thsL, it not sooaer psid, tLe final p~yment ~
of princ~pai snd intec~est a6aU be due and payable on t6e fi~t day of pCTpggB ~ 2005 .
privi]eQe is reeerved to prep4y at any time~ nviWout premium or fee. the entire iadebtedneas or any p~r0 1
thereof not lerc tdm tbe amouat oi one ~nttallmeat, or oae 6uadred doUus (~100.00). w6ichever i le~s. Prepayma4t in full ~
ib~Il ~ C~~~ OIl ~ lIiLE Z'CCC~YI~. Pil'~~il p!'lpijiQleII~ O~ei Wl~II 00 iQ IAtWI[DBII~ dllB fli~C~ aeed aot be cieditM untA f
the neact Idlontn~ ln:ta!lment due date or thirty dsys atter wch prepayment, whkhrrer i~ earlier. ,
If aay deficiency in the payment of any inetallment under tbis note ia not made good prior to tha due dste
of tha nezt such instsllment, the entir8 principal sum and accrued intenst ahall st once beoome due snd Fsy-
•ble without notice st the option of the holder of this note. Failure to ezerciee tLis optioa ahall not oonat~tute
s waiver oi i~he right to e=em,ise tbe eame in tLe event of any subeequent deisul~. In the eveat of def~ult in the
p~ymen! of thia note, and if the ssma is collected by an attoraey at law, the undersigned hereby agree(s) to ;
psy all ooste of collectwn, including s reseonable ~ttorney'a tee. ~
This note is eecured by mortgage of even date euecuted by t6e underaigned on oe~tain property dee~:ribed t
tliecein and representa money actuelly used for the scquisition of eaid property or the improvementa tbereon. '
Preeentment, proteet. and notice ue hereby waived.
STEPHffi~1 LAWRSNCE WATBBS ~~L~
KATHLBEN ELIZ,ABETH WATERS ~~L~
[~?L]
And st~all duly, promptly, and fully perform, discharge, e~cecute, e8ect, complete, aad oomply with aad abide
by each and . every the stipulstions, agreements, oonditions, and oovenaate ~ eaid promiseory note sad of this
mortgage, then thia mortgsge and the estate hereby created st~a11 cesee aad be null aad void.
~ 1'he Mortgagor further oovenants as follows:
' 1. That he willpa
y t6e indebtednese, ss hereinbefore provided. Privile~e is reer.rved to prEpay at aay time,
E without premium or fee, the ~tire indebte~neea or any part thereof not lees thaa the amount ot oae inatallment, or
z one hundred dollars (i100.00), whichever ia lesa. ,
~ 2. In order morP full~ to protect~ the securi~~ of this n~ortgage, thc :biortgagor, together with, and in j
addition to, the monthl~• pa~•ments under the terms of the note secureci liereby, on tt~e first da~ of each month i
until tLe said note is (ull~ paid, will pa~ to the ;~iortgagee, as trustee, (under the terms ot this truat a~ herein-
after stated) the [ollowing swna:
(a) A eum equal Lo tbe ground renta, ii any, next due, plua the premiums t6at will ne~c~ beoome due aud psyable
on policies of 8e+e and other hasard insuraace oovermg the mortgaged property, plus taues and aseesamente
nezt due on the mortgaged propeaty (all as estimsted by the Mort~gee and of which the Mortgagor is
notified) lese all euma atready paid therefor divided by the number of montha to elapee before one mo~th
~ prior to the dste ~vhen such ground reata, premiums~ taxea, and s~ssments will become delinquent,
such suma to be held by Mort~ageeintrusttop~ysaidgroundrents,premiwns,taues,andspecialase~nenta.
~ (b) The ag~gregate d the amounts psyable pureuant to subparsgraph (8) and thaeepa~
yable on the note secured
} bereby~ shall be paid in s single PaYmeat each month, to be applied to the f~ilowing items in t6e order
atated
(n ground re.nts, taxea, aeseesm~ta, fin, and other ha:srd insuraace premiuma;
g (In intRrest ~ the note secured hereby; aad -
~ (IIn amortisation of t6e principal of esid note.
~ Any deficiency in the amount ot such sggregate monthly payment shall, unless made good by the MorG-
y gsgor pr~or to the due dste of the next such payment, const~tute sn event of de(ault under this mortgage.
u At Mortgagee's option, Mortgagor will psy a"lste cl~arge" not exceeding four per centum (4°Jo) oi any install-
~ ment when psid more than Sfteen (15) dsys after the due date thereof to cover the extra e~cpense involved in
4 handling delinquent paymente, but such "late charge" shsll not be psyable out of the pmceeds of any ssle
~ made to satisfy the indebtkdness secured hereby~ unless such pmceeda are au~cient to d~scharge the entire
~ indebtednees and tU proper costs aad expenses secured thereby.
~ 3. If the total of the pa}-~nents mnd~ b,- the Mortgngor under (a) of paraf;raph 2 preceding shall exceed
the amount o( pg~~menia actuall~ mad~ b~• tl,e ;~iort~a~ec, ss trustee, tor ground rents, taxes and sssessments,
~ and insurance premiwus, as th~ cese ma~~ be, such excesa shall be credited on subeequent payments t~o be mede
~ by the Mortgagor for sueL items or, at Mortgegee's option, as ttustee, shell be refunded to Mortgsgor. If,
however, such mont}dy pa~ menta shall not 1m suffi~•ient to pa~ such itema when the same shell become due
~ and pa}
•able~ then tlte Mortgagor shuil pa~~ to the Mort~;agec, us truatee, anv amount nece~ary to make up
~ the deficieney. Such pa~•ment sliall be mu~ie witt~in t}~irtv (:i0) da~~s after written notice imm the Mortgagee
atsting the amount of the deficiency, wl~ich notice may be given by mail. Ii st sny time fhe Mortgsgor ~hall
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