HomeMy WebLinkAbout2731 The Mortgagor 6areby, ooven~nts wieh the Morigage~, ~!u?~ be u indeteasiblr ~eir,ed oi nid Lnd in fes ;
~impie or such otLer esi~ate~ d uo,y as i~ stated heroia; t,h~6 he has tull power nnd lawiul rig6L t,o ooovev t~e s~ms
~m ,
as ~toc~sid; that tha laad is iree ~rom all encumbrances esoopb as hereia otberwise recit~ed; t6at saidlviostgagor
will make such furti6er a~suraaca Lo pro~e tbe atoreaaid ~itla ~o said Iand in said Mortgages as may be reAeon-
sb~yreq uiced, und t6aL said Mortg~go~ does heseby fuU ~vun?u~ the title to said la~, and every par~ t~hereot,
aad wilL detend ths ~ams ~guiost i~e Iawiul a3aim~ of ~ pet~on~ wtnomsoever. -
PROYID=D AL~IIAYS tL~t !f the~ Mo~tgagor ahaU pa~ unto fhs Mottgages t~t oert~ia promissory nots~ of
which the tollowi.og is a subotant~iul ouPS~ Lo wi6: m
= 34,500.00 Part Pierce ~ ~O~'~
Septe~aber 19 ~ 19 75 •
FoA Vw~.us Rscszvsn, t6e under~ed proiniee(s) t~o psy t~o
~
T8B LO!!AS ~ NSTTLETON COI~ANY ~
. s oorporation or~aani~d aad e~o~stin6 uader tLe ~
bws of THB STATS OF CONNSCTICUT. ~~r. ~ p~aPV ~m ~ THIBTY FOUB THOUSAND FIVB ~
HUNDRBD AI~ID NO/100--- 34,500.00 witb interest from data at i
t6e rste ot NINB P~ oeatum ( 9 P~ aunum oa the unp~id balanoe unW paid. ~
The esid princip~l and intenat ahaU be payable ~?t the o~ioe o!. ~
The Loaas b Nettletou Co~pany
175 Orange Street
1II Nev Have~ , Conmecticut 06510 st such other plaoe aa the holder may designate in writin6
~ delivered or mailed to the debtor, in monthly iastaUments of TWO HUNDRED SEVENTY SEVSN and 73~+~
277.73 oommencing on the 5ret daY ~ NOVffi~iBBR . 19 7S ~ aad oantinuina on t6e
first d~~ oi each month ~hereatter until this note is iully paid, except that, ii not eooner psid, tLe Snal payment
oi princap~l and interes~ alull be due and psyable on the first day oi p~p~~ , 2pp5 .
PrivileQe is reaerved to prepsy ~ti any time, wit6ou~ premium or fee. the entu~e m ebtednees or any Part
thenof not tex thaa the amouat ot one fn:t+~llaneat, or oae huadrsd dollars (;100.00)~ whichever i~ leas. Frepa,yraent ta tull
~aU be cr~dited oa t6e date receired. Putial prepiymeat, otber than on an insWlmeat due date, aeed not be credited uatll ~
the ae~ct toQowint !n=tallment due date or thirty days after such pnp~ya~ent. w6ichever ic earlkr. ~
Ii any daficiency in the ps~ment of sny installment under this note is not made good prior to tLe due date ~
of the nest such inst,~llmant, the antara principal sum and accruad intereet shall at once becoma dus and psy-
able without notice at the option of the holder of this note. Failure to e:erc.ise thia option ahall not oonstitute ~
a wsiver oi ths rigLt to e=ercise the ssnae in t6e event oi any subeequent default. In the event oi default in the
paymea6 oi this note, and if the eame is collected by an attoraey at law, the undersigned dereby agree(.) tio
psy all coste of ooUection, including a reseonable st~orney's fee.
Thffi note is eecured by mortgaqe of even date executed by t6e undersigned on eertain property described
t~hecein and npreeents money actuslly used for the acquisition of eaid propert~y or the improvements Lhereon.
Presentment, proteet. and noticA ue hereby waived.
- ~~L~
- MARVIN LISS
[~?W
[~l
LINDA C. LISS
~~L, -
Aad ahall dulq, ptompWy, and fully pedorm, discharge, execute, eSect, complete, and comply with and abide
by each and ever}? the stipulations, agreements, conditions, and covenaata of said promissory aote and d tbie
I mortgage, then ttua mortgage ~ad the estste he~+eby ereated a6all cesae and be null aad void.
; Tbe Mortgagor further orn?eaaut8 as follo~va:
~ 1. 7'hst he willps
y the indebtednesa, aa hereinbefore provided. Privilege is reeerved to Prep~Y at aay time,
without premium or fee, the eatire indebtedneas or uay part thereot not lees than t6e amouat of oae installment, or
~ one hundred dollars (i100.00), whic6ever is lesa.
~ 2. ln order morn fully to protect the securit~ o( this mortgage, the Mortgagor, together with, and in
addition to, the monthl~• pa~-ments under th~ tenns of the note secureci hereb~•, on the first da~ of each month
~ until tlie said note is fu~lt paid, will pu~ to the Mortgagre, as t.rustee, (under t,hc~ tern~s of this trust as herein-
after statecl) tli~ (ollowing suu~s:
(a) A eum equal to t6e ground renta, if any, neat due, ptua the premiums that will next become due and psyable
an poGcies af fire and other 6asard inauraace covering the mort888~ P~Pe~Y Plua taxea and asseasments
ne:t dne ~ tbe mortgaged property (all sa eatimsted by the Mortgagee an~ of which the Mortgagor ia
notified) leae sll eums already paid therefor divided by the number of months to ~ betore one month .
prior to the date whea auc6 gro~nd rents, premiums, taxes, and aasesaments Leoume delinqueat,
euch sume to be held by Mortgageeintrnsttopayesidgroundrents,premiums,t~ee,andapecialaseessmenta.
~ (b) The aggregate af the smountb psyable pureuant to subpsragrsph (s) and thaeepay~
le on the note xecured
hereby, 86a11 be paid in a single PsYmeat each moath, to be epplied to the f~o~ring itema ia the order
~ atst~ed _ .
(n ground reats, ta~ces, aeeesaooents, Sre, and other 6asard insursnce premiuma;
~ (II) int~rest a~ the note eecured hereby; 8ad
~ ~ (Iin swnortisati~ ot t6e principsl of said note.
§ Any deficiency in tl~e ~unount of such aggregate monthly payment ahall~ unless made good by the Morb- ~
~ gagor prjor to the due date ot the next such payment, const~tute an event of default under this mortgage. '
~ At Mortgagee's option, Mortgag~or will pay a"late charge" not exceeding four per centum (4%) of sny inatall- ?
~ ment whenpa id more than fifteen (15) days after the due date thereof to oover the e~ctra expense involved in ~
fi hsndling delinquent paymente, but such "late charge" shsll not be payable out o[ the proceeds of ~?ny sale 1
~ made to satisty the ~ndebtedness secured hereby, unless such proceeds are sufficient to discharge the entire ~
~ indebtedness snd all pmper coste ~nd expenses secured t6ereby. !
~ 3. If the total of the pa~ ments n~ad~ br the Mortgngor under (a) of parsf;rnph 2 prncedi~q ahall exceed
the amount of ps~m~enls actuully mad~ b~• tr~e Mort~a~ec, as trustee, for ground rents, toxea and assessments,
and insurance premiun~s, es the case ma~~be, such excese aLall be credited on subsequent payments to be made
~ by the Mortgagor for sucL items or, at Mortgagee's option, ea trustee, ahall be refunded to Morlgsgor. If,
~ however, such monthl~ pa3 ments shall not ix~ suffi~~ient to pa~• such items when the same shall beeome due
ond pa •able, then the Mortgaf;or st?oll pav to th~ Mort~ar;ee, us trustee, an~ amount necessary to mske up
the de~cienc~. Suc)~ pa~ment sliail be mu~1e within thirty (3Q) de~~ after written noLice from the Morigagee
atsting t6e smount of the deSciency, which notice pi~ n by et sny time the Mortgsgor ~hall
,~g~ hall
SOOIC~~J P~tCt
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