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Home My WebLink About0694 The Mortgegos hereby oovenanta ~vi1,h tLe Mortgagee, that he is inde[eaaibly seir,ed oi said Lnd in fee aimple or such oWer estat~st J anyf ~s is at~ted Leroin; that he haa tull power and 1~?wiul right ta ooovev the same as ~toresaid; ths~ t6e l~ad ~s ires rom ~1l encumbranoes excsp~ aa herein otherwise recit~ed; that saidll~iortgngoe will make such further sesuranoes to prove We aioresaid tiWe to ~aid laad ia asid Mortg~gee ~a may be reaeon- ab requiced~ and t6at asid Morigogoc cloes hereby i ~rur~aL the titls to said lu~d, and every part theraoi, aa qiU defend the same ~gainat the bwtul claiais oi~ pereons ~vhomsoever. pAOYIDYCD ALNAYd ~t If 1~A MOtf$f~gOr Y~liu tlIItO ~~Ot~~~A ~t 00[~1D pl'am18s01'~ ROf~~ Ot wLic~h Lho following ia ~ substawt~ial ooPS, to wiL: = 12,600.00 Fort Pierce . September 2619 75 • Fon Ywuos RscuvsD, t6e undereigned praniee(s) to pqy to THS LOMAS b NETTLSTON COI~ANY 4ws at THE STATE OF CONNECTI ' s°°rp°r°v°° °r~n~sed and eoetioa under t6e CU~or order. the principsl sum ot TWELVE THOUSAND SIR , HUNDBED AND NO/ 100 I?ollars (i 12 , 600.00-- witb interest fe+om dste at tLe rate ot NINB P~ ~ 9 P~ aanum aa t6e unpaid balance until paid. Tbe asid principal and interest ahall be p~,yable at t,he o~ce of The I.omas ~ Nettleton Company 175 Orange Street 1II New Hav, Co ecticu~ 06510 st such otber plao~ as the holder d tin~ delivered or ma~e~ to ~e debtor, m monchly inscallments of (i 101 43 commencing on the first day of ~NOV~ER ONE 19ND 43/ 100 ~ oa t~e 5rst d~ . of each mont6 tLereatter untiJ tbis note is full , and oantin ' rs 7 Y Ps?d. e~coept th~t, ii not eooner paid, the final paymenL o! princzp~l and inLerest ehall be due and payable on t6e firat dsy oi p~-ppB~ , 2005 • Pri~ileQs is reeerved to prepay at any time, without premium or fee. the entire indebtedneas or any part thereof not leu thm t6e amouat ot one inkailmeat, ot oae 6undred doUus (i100.00), wl~ichever is leas. Arepayment in tull shaU be credited on the date reoeived. Partial prepayment, ot6ez than on an installment due date, aeed not be cerdited until t6e ae~ct foDowin~ in~allment due date or thiety days aiter wch p=ep~yment. whichev~er ic earlier. If say deficiency in the payment of sny installment under tLia note is not mi?da good prior to tbe due date of t6e ne:t auc6 instsllment, tbe entire principal sum and accrued interest ehsll at once beoome due and psy- •ble -without notice ~t tLe option oi the Lolder of this note. Failure to ezercise this option ahall not oo~t~tute a waiver of the righti to e=ei+cise the ssme in the event of any aubsequeat dafault. In the event of default in the payment of this note, snd it tLe esme is oollected by an attoraey ati la~v, the uaderaigned hereby agree(s) to P~Y ~ ooats oi collection~ includiog s reason~ble attoraey'8 fee. This note is aecured by mortgage of even date eaecuted by the undee~signed on oertain property described tLerein snd represente money act~ually naed for the aoquisition of said property or t~e improvemeuts t6eteon, Presentment, protest. and notace are hereby waived. . [~?L] JII~iY LEE iJILLIAHS 4 [BSAI,] [88AL] ~~?L~ 'I And ehall dulY, Pmmptly, sad fully pedorm, discharge, e~cecute, e8ect, complete, sad comply ~vith aad sbide ~ bq each and ever~? the atipulations, agreementa, oonditiona, aad oovenaata of said promissory note and of thia f mortgage, then ttus mortgage aad the estste hereby created ahall ceuee and be null sad void. T6e Mortgagor further oovenante as foUowa: . 1. That he will psq the indebtednese, as hereinbefore provided Privilege is reserved to prepay at anq time, wiihout premium or fee~ the eutire indebtednees or suy pa~t tb~e,eo~f not less thaa the amonnt o~ one installmeat, or one hundred dollara (i100.00), ~?hichever is lesa. 2. In order more tull~~ to protect the security of thia mortgage, tl~e Morcgagor, together with, and in addition to, the monthl~ pa~ menta under the terms of the note secureci hereb~~, on t)ie first ds~ of each mont;h - until the said note is fully paid~ will pa~ to the Mortgaf;Pe, as trustee, (under the terms o~ this trust as herein- after stated) the tollowing awns: '(a) A sum equal to the p+ound reata, if any, ne:t due, plua the premiuma t6at will next beoome due sad payab~ oa policies ot fire aad otber hasard insurance oovering the mortgaged property~ plua taxes and as~smenta neut due on the mortgaged p (sll as eatimated by the Mortgagee and of which the Mortgsgor is noti5ed) leas a11 sums already ~~w~or divided bq the nutnber of monthe to~apee before one month prior to the dnte ~vhea such gmund renta, premiume, taxes, snd aseessments will ~ecome delinqueat, auch sume to be held by Mortgageeintn~attopayssidgroundrents,premiums,taues,andspecialase~srnenta. (b) ~ amounta ps able pureuant to eubpsrsgraph (s) sad thoeepay~ le on the note eecured y, paid in s~ PsYmeat each mant6, to be s?PPlied to the f~owing itema in tbe orde~ stated m~ouad r~ta, t~ee, sa~ameata, fire~ and other bassrd insuraace premiuma; (II) interest oa the note eecured hereby; and (IIn amortisation af the principal of said note. My deficiency in the amount ot such aggregate monthly psyment shall, unless msde good by the Mor~ gagor pr~or to tha due date o[ the next such Psyment. oonstitute sn event of defsul~ under this mortgage. At Mortgagee's option, Mortgsgor will pay a"Iste chsrge" not eaceeding four per centum (4%) oi any instatl- ment when paid more than fitteen (15) da~ys sfter the due date thereoi~to cover the extn expense involved in handling delinqusnt psyments~ but such `lste charge" shall not be payable out of the praceeda of any sale made to sstiafy the indebt~dness secured hereby, unless such proceeds are su~cient to deschuge the entire indebtedneae and all proper c~ost8 aad expenses secured thereby. 3. ~f the total of the pa~ ments n~adc b~• the Mortgngor under (a) of paraf;roph 2 preeeding ahall exceed the amount ot pa}•ments actuall~ ma~le b~• tlle ~lortgaKer, as trustee, tor ground rents, taxes end assessments, and insurance premiums, as the case ma~~be, such exce.sa shall be credited on subsequent payments to be made by the Mortgagor for suct~ iterns or, at. MortgaE;ee's option, aa truatee, shall be refunded to Mortgagor. If, however~ auch n~ont}dy pa~ ments at~all not bc suffi~•ient to pa~ such items when the same shall become due and pay able~ then tho Mortga~;or shull pav to the Mortgagee~ as trustee, an~ amount necessary to make up the deficienc~•. Such pa~inent sl~sll be mude within th#rtv (30) davg after written notice fcom the Mortgsgee etat.ing the amount of the deficiencp, which notice msy be given by msil. If at any time the Mortgagor ~ball 600K244 PAGF ~ , - y_. : - - - - - - ~ _ ` J ~ ~v ~ - a_.. _d