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Home My WebLink About1783 • V The Mortgagor hereby covennnts with the Mortgsgee~, that he ia indeleaxibly aeised oi said lsad in 1ee dmple or such oLher estatet J~ny as is aGtted herein; th~t he has full power vnd lewiul right to couvev the snme as atoresaid; tha6 the land is ires ~mm aU encumbn~nces euoept as herein otherwise recited; that said~iortgagor will make auch further aseurances to prove tl?e aforeesid Wtle to said land in eaid Mortgagea us map be reeson- ablyreq ui~ed, ~nd th~t said Mortgago~ doeu hereby fullp Marrsn~ the tiWe to said land, and avary p4ct ttiereoi, ~nd wiU detend the same ~gsinat tLa lawful claima oi all peceons whomsoever. PAOYIDED A1.NAY8 tiLa~ ii the Aiortgagor shall p~y uato the Morigages th~6 cert~si.n pmmisaory aote, oi which the following is a eubstantirl oops~ to witi: = 27,400.00 Fort Pierce , ~on~+. October 7 .19 75 • Fos Ywt.vs Rscsivsn, the unde~sig,ned promiee(a) to p~y to THE LOMAS b~ NETTLETON COliPANY . a oorporation orgaaised und e~oat,ina under the 4we of THE STATE OF CONNIECTICUT or order. the principal sum of TfJENTy SEVEN THOUSAND FOUR HUNDRED Ah'D NO/100------------------ ~W'e 27,400.00 with interest lrom dste st the rste of ~ Nine P~ oentum ( 9 P~ annum an ~the unpaid balsnoe uaW paid. Tbe eaid principal and interesL ahall be payable at the o~ce of The Lomas & Nettleton Company ~ 175 Orange Street ~ Nev Haven Connecticut 06510 , or at such other p1eoE as the holder msy deaignate in writing delivered or msile~ to We debtor, in monthly installmenta of TfdO HUb~DRED TWENTY AND 57 / 100 Dollars (i 220. 57 ~~L~cing on the first day of DECEI~ER , 19 75 ,~d oontinuing on the iua~~ tiajr uY usa:u wui~ili 4LL131C014C1 uu4U fdYD UUW !a fUlly ~IOIU~ WWgY MIOY~ L 1~4lfUU~l!!r ~ill~~ i~e ~uuai ~eymeni oi princapal and interest ahsll be due and payable on the first dsy of NOVEMBER ~ 2005 • Privilege ia reserved to prepay at any time. without premium or iee. the entire indebtedneea or any part thereof aot less tban t6e araount oI one installment, or oae hundred dollars (;100.00), wdic6ever is less. Prepayment in full ahall be credited on the date receired. Partial prepaymeat, other than oa m installment due date, need not be credited until the aext foUowiag in~tallmeat due date or thirty days atter sucb prep~yment~ wbic6ever is eadier. If any deficiency in the pa~m ent of any installment under tbis note is not made good prior to tLe due date of the nezt such inatallment, t6e entire principal sum and accrued intereat shall at once beoome due and Fsy- able without notice at the option of the holder of t6is note. Failure to ezercise this option ahall not oonst~tute a waiver of the right to ezem.ise the same in the event of anq subsequent defaul~ In the event of defsult in the psyment of thia note, snd if the esma is~collected by an atitorney at law, the undersigned hereby agcee(e) to pay sll oosta of collection~ including s reasonable attorney'a fee. Thia note ia eecured by mortgege of even date executed by the underaigned on certain praperty described therein and representa money actually used for the acquisition oi said property or the impmvements thereon, Preeenlmeat, protest. and notice sre hereby waived. - [~?L~ TIIOMAS ED4dARD BELL [3gAI,] [38AL] CHARLOTTE R. BELL [3SAL] And ahall duly, promptly, and fully pedorm, discbarge, execute, eHect, complete, and comply with aad abide by each and every the stipulations, agreements, conditions, and oovenants of said promissory note and of this mortg,age, then this mortgage and the estate hereby created shall oease and be null and void. _ The Mortgagor further oovenants as follows: ~ l. That he will paq the indebtedness, as hereinbefore pmvided. Privilege ie reserved to prepay at any time, i without premium or fee~ the entire indebtedneas or aay part therEOf not less thsn the amount of one inatallment, or ; one hundred dollars (i100.00)~ w6ichever is less. ~ 2. In order tnore tull~ to protect. the securi4~- of this mortgage~ t}ie Mortgagor, together with, and in E adciition to, the monthl~- pa~•ments under th~ terms of the note securnd hereb~•, on the first da~ of cach mont.h ~ until the said notc is iull~ paid, will pu~- to the :~iortRagre, as trustec, (under th~ terms of this trust as hcrein- after stetecl) tLe following sun~,s: ~ (s) A sum equal to the gronnd rente, if any, next due, plua the precniums that will next become due and payable on policiea of 5re aad other hssard insurance covering the mortgaged property~ plus taxes and asseasments ~ next due on the mortgaged property (all aa estimated by the Mortgagee and of which the Mortgagor is 3 notified) less sll eums already paid t6entor divided by the number of mont6a to ela~pee before one month s prior to the date when such ground tents, premiums, taxes, and eseessments will bec:ome delinquent~ i such eume to be held by Mortgageeintnisttopaysaidgroundrents,premiums,t~ea,andspecialas~smenta. ~ (b) The aggregate of the amounta payable puraasat to subparagraph (s) and thoeepayable a? the note secured ~ hereby, shall be paid in a single p~yment each mont6, to be applied to the following itema in the order ; stated (Ij ~s~;~,.i nu~, uua~, ~u,cui,e, ft~e, an~i oiuer nssard insurance premiume; _ (II) interest on the note eecured hereby; and ~ (IIn amortisation of the principai of said note. : ° Any deficiency in the amount of such sggregate monthly payment shall, unless made good by the Mor~ ; ~ gsgor pr~or to the due dete o[ the next sucf~ payment, const~tute an event ot defsult under thia mortgage. ; ~ At Mortgagee's option~ Mort.g sgor will pay a"late charge" not exceeding four per centum (4%) of any install- ment when paid more Lhan Sfteen (15) days after the due date thereof to cover the extra expense involved in ~ handling delinquent payments, but such "late charge" ahall not be payable out of the proceeds of any sale ~ msde to satiafy tLe mdebtedness secured hereby, unleas such proceeda are au8'icient to discharge the entire ~ indebtedness sad sU pmper costs snd expenses secured thereby. j ~ 3. If the total of tl~e pa~-ments me~i~ b~ the 1liortgagor under (a) of para~;rapl~ 2 preceding shall exceed ~ n the amount of pa~•tnents actuull~ n~e~l~ b~• t~~e \'IortKaKec, as trustec, for ground rents, tnxes and asseasments, ~ and insurance premiw~~s, as th~ case ma~ ~be, such excesa shall be credited on subseqnent pavments to be mede ~ bv the Mortga~;or for such items or, ot :~tortgagee's option, es t.rustee, shall be refunded to Mortgsgor. If, ~ however~ such montl~ly pa~•ments shall not ix~ suffi~•ient to pa~ su~h items when the same shall become due ~ end pa •able, then thc MortgaRor shull pu~ to tl~e ~1ort~a~ce, os trustee, an}• amount necessary to make up the de~cienc~•. Such patment shall bc~ made within thirtv (:~O) da~~s after written notice from the Mortgagee = ststing the amount ot the deficiency, which notice msy ~e~i~r~ ~y mail. y time the Mortgagor ehall 600K 44 P~1 ~ ~ ~~.:=.'C., ~ .y' ' ' _ _ _ 9 ~~t~:~~~s~.... ~ . . ~'~c„Gz .