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Home My WebLink About2236 The Mortgagor hereby ooveniwta wit!? !ha Mortgage~~ th~t he is indeteaRibly seir.ed o1 said Lnd in fee aianple or auch ot6er esUtet d any aa is sta?ted hereia; t,h4t he hae tull power ~ud lowful rig6~ to ooovev the snme as ~ioresuid; th~~ tLe land ~s iree ~rom all encumbranoes sxoept sa bereia otherwise recited; tb?st said~Iortgagor w~ll maka such further assursr?oes to prova the atores~id title to said land in s~id Mortgagee sa may be re.~son- ab req uired~ and t6s6 s~id Mortgagor Joes hareby i~ ~?arrant the title Lo s~?id land, snd evary part~ t~?ereot, will detend the same ~sins6 the lawiul alaima oi pereons wLomsoever. PaoviDaD AL~?~YS tha~ ii the kio~tgagor ahall pa, unt~o ths Mortgages th~6 oect~ain promixeory note, o~ which Ws following is ~ subat~ntial ooPB. to witi: = 22,000.00 . Fort Pierce~ , ~O"~ October 10~~"75 • Foa Va~.us R~cs~vsu~ the undersigued promiee(a) to psy to TeB LOMAS b NBTTLETON C~ANY , s oorporatioa organized aad eanstin~ under the bws of THB STATB OF CONNECTICU~' ~ Principal eum ot TWBNTY Ti10 THOUSAND AND NO/ 100 ~ Do~lare (i22,000.00 with interest from dste at ; t6e rste ot NINB P~ oentum ( 9 P~ aanum an the unpaid beJanoe untit paid. . Tbe ~id principal and iateresR ehall be payable at the office of ~ ; The Lo~as b Nettleton Cospany 175 Oraage Street ~ Ne~t Ha; ea Con~ecticut 06510 at such other plaoe as the holder msy deai~nate in writ:ng delivered or ma~ed ~o the debtor, in monthly iastallments of ONE HUNDRED SEVSNIR SSVI~i AND 10/~us 177.10 ~mmencing on the first day of Dg~gg , 1975 , and oontinuina oa tbe first dsy oi eacL month tLeresfter until tbis note is iully psid, e:oept ths+~ if not eooner paid, the final payment oi princ~pal snd interest ahatl be due and payable on the firat doy oi NpVg~gg , 2pp5 privileg~e ia reserved to prepay ati any tima~ without premiam or fee. the entire indebtedneea or sny par~ tbereot not lea~ tLm t6e amount oi one iaitallment, or oae hundred doWis (;100.00), whjchrver is leas. Prep~yment ia tuU thaU be credited on t6e datc received. Pattid prepayment, ot6er thaa oa m instaUmeat due date, aeed not be credited unt~l t6e ae~ct fdlowin~ ia~tallanent due date or t6uty days atter wcb prep~yaaent, whichever 4 earlier. Ii iny deficiency in the payment of ~ny installment under this note ia not made good prio~ to the due date oi the nezt suc6 installment, ,the entire princiPsl sum and accrued int~erest aLall at once beoome due and ~?ay- able without notice st the opt,ion oi the holder oi this note. Failure to eaercise thia option aLall not oonatatute a waiver of the right to eiercise the eame in the event of aay subeequent defaul~ In the event of default in the payment ot this note, ~nd it the eame is oollected by sn sttorney at Isw, the undersigned hereby agree(s) to gsy sll oosts of collectioq;including a reasonsble attorney'e fee. Thi~s note ie eecured by mortgage of even data executed by tbe undersigned on oertain property described tLereiu and repreeents money actually use~ for tLe aoquisition oi said property or iLe improvements thereon. Presentmeat, pmteet~ and notice are hereby waived. [s~?L] HIRAi~ TOYE NACK, JR. _ I~l ; ALICE G. MACR 4 ~ And ahsll duly, prompUp, and fully pedorm, diac6arge, execute, effect, complete, and comply ~vith and sbide by each and every the stipulations, agreements, oonditions, and covenants of said promiesory note aud of thia ~ mortgage, t6ea this ~ortgsge and the estate hereby created s6all eea~e aud be nuU and void. ~ The Mortgagor further covenaats as follo~vs: i. Th$t ~e iviltp~ y t~he in~ht~3ness, as hes~~or~ grarided. Pris?il~ F""~-°Y'-`t n~y tim~: without premium or fee, the eatire in~ebtednees or any part thereof not leas than the amount of one installment, or one hundred dollais (i100.00), whichever is lesa. 2. In order more full~ to protect the securit~ of this mortgage~ the Mortgagor, together with, and in addition to, the monthl~ paymenta under t.he terms of tl~e note secured hereby, on the first da~ of each month until the said note is fu~ly paid, will pa~ to the Mortgagee, as trustee,.(under the terms o[ thia trust a4 herein- after stated) the fullowing swns: (s) A eum equal to the ground rents, if any, next due, plua the premiuma t6at will next beoome due and payable on policiea oi Sre and other hasard insnrance oovering t~i?e mortBsB~ P~Pei~Y~ Plus taxes and assesaments next due on the mortgaged property (all sa estimated by the Mortgagee and of which the Mortgagor is noti5ed) leea all eume alreadq puid therefor divided by t~he nnmber of montha to ela before one month u prior to the dste when such ground renta, P~~, and aaseasmenta ' become delinquent, euch sums to be held by Mortgag~eemtrusttopsyesidgmundrents,premiuma,teu~ea,andspeaalsasessmente. (b) 'Tbe aggregate d the aonounts pa~?able pureuant to enbparsgraph (a) and thoeepa~yable on the note aecured bereLq, ahall be ps~d ia a eingte P~Ymeat each month, to be appLed to the f~llowing items in the order atated ~ (n g~ound rente, ta~cea, saeeasmeate. fire, and other hasard iasurance premiuma; ~ (In interest on the note eec~red hereby; and ~ (IIn amortisation ot the principal oi ssid notc. Any deficiency in the amount of aucba~a te monthly psyment shall, unlesa made good by the Mort- gagor pr~or to the due date oi the next such payment, constitute an event of default under this mortgage. At Mortgsgee's option~ Mortgt~gor will psy a"lste charge" not exceeding four per centum (4°Jo) of any install- ment when psid more than Sfteea (15) dsys stter t6e due date thereof to oover the extrs expense involved in handling deliaquent psy ments! but such "lste chsrge" ahall not be psysbte out of the proceeda of sny salo made to astisty tLe indebtedness secured hereby~ unlesa such pr+oceeds are su8'icient to d~sch4rge the entire indebtedneas and all pmper costs snd expenses aecured thereby. 3. If the lotal of the pa~~nenta made by• the Mortgngor under (a) of paraf;ropl~ 2 preceding ahsll exceed t6e amount of parments actualh made b~• ti,e Mort.~agee, as truatee, for ground rents, taxes and aesessmenta~ and insurance prrmiums, sa the case mar be, such excees shall be credited on subseyuent payments to be made by the Mortgagor for sucl~ items or, at Mortgagee's option, as trustee, shall be refunded to Mori,gagor. If~ however, such monlld~ pa~•menta sl~ail not t~c suffi~•iPnt to par such itema when the same shall become due and pa •able, then tlie Mortgagor sl~nil pay to tiu Mortgaf;ee, ns trustee, an~ amount necessary to make up the de~cienc~. Such pa~ment shall be~ mnde within thirtv (:i0) de~~s after wtitten notice (rom the Mortgagee ststing t~he amount of the deficiency, wl~ich notiee may be given by ~ Ril ~I~~ any ~~~~~Mortgagor ehall 800K PACE . _ - - - - . L~ 5,.:~•'.+-,~' - ~ ` -s.-^~.:~ ~ - - -