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Home My WebLink About0866 The Mortgegor hereby covenanta wit6 the Mortgager~ that he ia iadefeaRibly seiaed ot said lend in tee eimple or auch other estatet ti any as is stated hereia; that he hus tull power ac?d lawful right to cwovev the awme aa oforesaid; thet the l~nd ~s iree ~rom all encumbraacea except as herein otherwise recit,ed; thst said~tortgagor ~vill ~make such tuNher aesur4nces to prove the aforeeaid title b said ltad in ssid I'vlortgagee as msy be reRSOn- ablyreq uired~ and th~t said Mortgagoe does 6ereby iully wursn6 the title to ssid land, snd every part W?ereoi, and ~rill defend tha same egaiast the lawful claima of all peraons whomsoever. Paov~usD ALw~YS tLe?t it the !4loctgagor eholl pay unLo t6e Mortgagee that oe~tsin promiseory note, oi which fLe following is ~ substawti~l oops, to wit: = 27,000.00 Fort Pierce , Florida, September 29 •19 75 • Fos Vst.us Rscs~vsu~ the undereigned promiee(e) to pay to THE LO:~AS b NETTLETON COMPANY ' , s oorporatio~? organised and e~usting under the L?wa ot THE STATE OF CONNECTICUT~ or order~ the ptincipal sum oi TWENTY SEVEN TIiOUSAND AND NO/ 100-----------------------------------~ollar~ 2 7, 000 . 00 with intereat !mm date at t6e rate of NINE Per oentum ( 9 P~ annum on t6e unpaid balanoe until paid. Tbe esid principal and interest shall be payable at the oQ'ice of The Lomas ~ Nettleton Company 175 Orange Street 1° N w Hav~~q , Conn ct3cut 06510 st such other p1soE ae the holder msy deaignate ia writing delive~ or mailed Lo t6e ~ebtor, in monthly installmenta of ~p g~~ SEVENTEEN AND 35 / l Omollars 217 .35 ~m~~cing on the first day of NOVEMBER , 19 75 ,~d ~~uing on the 6rat day oi esch month thereaiter until this note is fuDy paid~ eucept thst, ii not eooner paid, the final ayment of principal and interest shall be due and pay4ble on the Srat day of OCTOBER . , 20~, ~r't7 ~~8 'ss z~rYixi tu }'sicNaJ 6i suy iuuc, wZL~iuui, ~rcuutuit ui ies. ius eniire indeoi~edneaa or any p$rt tdereot aot less tdan the amount ot one instaUmeat, or one hundced dollars (:100.00), whichever ~ less. Yrepayment in fuil a6a11 be cr~dited on the date received. Pattial prep~yaneat, other Waa on m installment due date, need aot be credited until the next fdlowia~ in~taliment due date or t6irty days ~after such prep~yment, w6ic6ever is eulier. If any deficiency in the payment oi any installment under tLia note is not made good prior to t6e due date ~ of the neat sucL instsJlment, the entire principal sum and accrued intereat shall at once beoome due and ~ay- sble without notice at the option oi the holder of this note. Failure to eaercise this option ahall not oonatitute s waiver of ~he right to ezercise the sa~me in the event ot any subeequent defsult. In the event of deiault in the psyment of this note, and it the eame ie collected by an attoraey st lsw, the undersigned hereby sgree(e) to ~ psy all costa oi oollectioa~ including a reasonable attorney's fee. Thia note is eecured by mortQa~e of even date executed by the undersigned on oertain property described therein and represents money actua7ly used for the acquisition of eaid pmperty or the improvements thereon. Preeentment, protest~ and notice are hereby waived. RAY DEAN SHATI.EY [3EALJ - ~s~r?L] ; . EVELYN Alr'NE SNATLEY [~l i _ (~L~ + ~ And shall dnly, promptly, and fully perform, discharge, execute, eHect~ complete, aad comply with and abide ~ by each end every the atipulations, agreementa, conditions, and covena~?ts of said promissory note and of this i mortgage, then this mortgage and the estste hereby created s6all cease and be null sad void. The Mortgagor further covenants ss follows: 1. That he will pay the indebtednesa, as hereinbefore provided. Privilege is reeerved to prepay at any time, ~ without premium or fee, the eatire indebtedness or aay part thereof not less than the amount of one installment, or E one hundred dollars (i100.00), whichever ia less. i 2. In onler mor~ full~• to protc•rt th~ s~~curit~- of this mortgag~, the ~~tortgagor, togeiher with, and in ~ addition to, the tnonthl~• pa~-n?ents under thr terms of the note secured hereb~~, on the first da~• ot each month ~ until tlie said not~ is full~ paiJ, will pu~• to the tilort~a~;ee, as trastee, (und~r th~ teruis of this trust as herein- after stateci) the followjng swns: ; (s) A aum equal to the ground renta, if any, next due, plus the premiums that will next beoome due and payable ~ on policies of ~re and other hasard insurance covering the mortgaged property, plus taxes and ssgessments ; next due on the mortgaged property (all sa estimated by the Mortgagee and of which the Mortgagor is ~ notified) lese all eums already paid therefor divided by the number of montha to elapse before one month ~ prior to the date when such ground rents, premiums, taxes, and assessments will become delinquent, ~ such sums to be held by MorZgageeintruattopaysaidgr~wndrents,premiums,tsaes,andspecialas~smenta. ~ (b) Tbe aggregate of the amounts payable pursuant to subparagraph (a) and thoeepayable on the note aecured ; ~ by, shall be paid in a eingle psyment each mont6, to be applie~ to the following items ia the order ted ; (I) ground rents, ta~ces, assessmenta, fire, and ot6er hasard insurance premiums; : (II) interest on the note ~ecured herebq; and ~ (IIn amortisation of the principal of eaid note. - ~ Any deficiency in the amount of sucha~gregate monthly payment shall, unleas made good by the Mort- ' 3 gagor pr~or to the due date ot the next such payment, constitute an even6 of default under this mortgage. , At Mortgagee s option, Mortgagor will pay a"late charge" not exceeding four per centum (4°Jo) of any install- { ment when paid tnore t6an S(teen (15) days atter the due date thereof to cover the extrs expense involved in , ; handliag delinquent payments, but auch "late charge" shall twt be payable out of the proceeda of any sale ~ ; msde to satisty the indebtedness secured hereby, unless such proceeds sre suflicient to dtscharge the entire ~ indebtedneas sad all proper ~wsts and expenses secured thereby. ~ ~ 3. 1t the total of the pa~-ments n~a~i~ 1~~• the Morigu~or und~r (a) of pnra~rnph 2 precedin~ shall exceed ~ the amount ot pa}•ments actunll~• ma~1~ b~• t~ie tforlKn~ce, as truste~, tor Kround n~nts, taxes and as.sessments, ~ _ and'insurance premiums, as U?~ case ma~ ~be, such excesa sl~all tx~ credit~d on subseyuent pavmenta to be made ~ : bv the :41ortga~;or for such itetns or~ ut Mortgn~ee's option, as trustee, shall be refunded to Mortgsgor. If~ ; however, such inonthly pa~•ments sl~all no~ tx~ suffirient to pa~- su~h items when the same ahall become due and pa •able, then thc Mortga~or shnll pn~ to th~ :~fort~a~ee, ns trustee, an~ amount necessary to mske up _ the de~cienc~~. Such pa~ment shall be ~iin~ie within thirtv (:i0) da}^s after written notice from the Morigagee ' atsting the smount of the deficiency, wl~ich notice msy be given bv mail. It at any time thb I~a r s~] ~ S'iATT: ~;QCU=`t:;;;AY.Y STAMPS AFFIXED TO THE ORIGINAL NOTE AND CANCELLED. 6C^K P.1^F ` ~ss ~ Y~~~yyq---~~yyy S,c.._. : . . . . ~ _ .:~.^'~s.