HomeMy WebLinkAbout1625 The Mortgagor hereb~ ooven~ata with tbe Mortg~ge~, thst he ia indeteaeibl~j seised oi ~aid laad in fes
~im~ ar ~uch otber at~ts~ J aqy as i~ stated herein; f~ha6 he haa tull powar and lawiul rig6~ to ooavev tbe seme
~s aresaid; tbat t~hs laud a ires ~m ~11 encumbrsnae~ e:oep~ ar 6erein ot~herwisn rncited; tbati eaidl~iortgagoe
wiU mal~s ~ucL iwi~6er aisurance~ to prove tba atoreeaid iitla to ~sid land ia ~aid Moregages ~s anay be re~uon-
req uirad, and tbat s~id Mort~a~or does be~+sb~ i warraa0 t6e title `o wid 4nd~ and ever,~ p~?rt theceot,
will detend the ~atne ~a~'tas~ tbe b~rfu! d~ims oi~ psrwos w~mw~ver.
PItOrID~D ALWAT~ tLat ~f the Mo~tgsgor ~hsll ~ unto ths Mort~ages tLa` ce~tain pe+omis~ory aote~ ot
w~1lCb vi0 LO~OWIO~ {s ~ ili~tiRLl~ 00[/~~ `O wlt:
i 32,500.00 Ft. Pierce ~ ~ida.
November S • 1~ 75 •
Fon V~urs Ii~cstvs~~ t6e uod~ned P~~(e) ~ P~Y ~
THB LOMAS ~ NETTLETON COI~ANY
bws ot T8B STATB OF CONNBCTICUT oe arder the • s°0~'Pori~ ~ nader ths
. . Principal sum of T~iIKTY TWO THOUSAND, FIVS
HUNDRBD and no/100 Doliars (~32,500.00~-- wiW intee+est fe+om date at
the tste af Nu - - P~ ( 9 Pa ~anum on tbe un
Tbe said ci aad interee~ ehaU be P~ b~lanoe unt~ paid.
P~? ~P~ PaYabla st tLe o~oe of
The Loeas 5 Nettleton Co~paay
175 Orange Street
in Ne~r Haven, Connecticut 06510 , or ~?t such other plaoe as the hddu may deeianste in writin6
deliveced oc nuilod Lo t6e debtor~ ia manthly instsllm~ts d TiiO HUNDRED SIXTY ONE and 63/100Do~lsis
261.63 ~m~~ ~ ~ a4Y ~ JANUABY , 1976 , ~ ~+?~~6 ~ tLe
first d~~ of eac6 month therestter until tLis note is fully paid~ eacoept that, ii not sooner pad, the final paymeati
oi priacip~l ~nd int~en~s~ sbaU be due and pe,i?ble on t6e first day of D8Cffi~ffit ~ 2005 .
Privt'leg~e ~ reeerved to prepay at aa~ time, ~rithout gremium or fee. the eatirs i~iebtedne~s or aoy Past
t6ereoi not !as thaa the aa~ount oi oae ladalla~eat, or ons 6undnd doWls (i100.00). whicl~re~ ~s lea~. Freps,yment in fuU
D! CI'ld~~ OD WQ ~~l' LECEj~. rii~ pI~~QD~ Otll!! ~1 WI ill ~OiLl~IlDl11~ d11Q ditl~ 11ltd 00~ O! Ci'@~~ Wf~I
tNe nent idiowin~ ~mtalleaeat due date or thirty d~ys atter wc6 prep~yment, whleherer is arlkr.
Ii an~ deficieacy in the psyment of an~y installment under this note is not made good prior to the due d~te
of the nest such inatallmeat, tLe entire pnncipat sum and accrued interes6 ahall sti onoe beoome due and ~?ay-
able without notice ~t the optioa of tbe Lolder oi thia note. Failure to e~cerciss t~his optioa ahsll not oonsvtute
a~+aiver oi the right to ezeir,ise tbe e~me in the event oi any subeequent delwl~. In the event oi default ia t6e
paymenti oi this note, and it tl~e a~me is oollected by an stitorne~ at Lw, the nnderaigned hereby ~gres(s) to
psy sll costs of aollectioq including a reasonable att,orney's fee.
TLie note ia eecured by morltga~e of even date e:ecuted by the nadereigned on oertain pmperty deecribed
ibecein and repreeents money actuWy used for the aoquiaition oi asid property or the improvementa tbe~reon.
Preeantment, proteat~ and notice are hereby waived. .
~881?L]
iiILLIA~I G. BIORDAN
[~?L]
LINDA B. BIORDAN
[~?L7
And e6a11 dulY, P~P~Y, and fnDy perform, discharge, execute, e8ect, oomplete, aad oomply ~vith and abide
' by each and ever~? the stipulations, agreemeats, eonditions, snd oovensate of said promieeory note aad of this
~ mortgage~ thea tlve mortgsge and t,he estate hereby ce+eated ahall ceaee and be null and void.
; Tbe Mortgagor further ooveaanta aa followa:
I l. That he will pay the indebtednesa, as bereinbefore pmvided. Pri~ie reserved to P~Y ~~Y t~,
without premium or fee. the eatire indebtednees or any psrt thereof not lees the amount of oae inatallme~nt, or
~ one 6undred dollars (i100.00), whichever is lees."
2. In order more fully to protecl the securit~ ot this mortgage, the Mortgagor, together with and in
addition to, the monthl~- pa~~ments under the trrms of the not.e secured hereb~~, on the first day ot eac~ month
until tl?e said note is fully paid, will pay to the Mortgagc~e, as ;.rustee, (under the terms of this trust as herein-
after stated) the following su~ns:
(s) A eum equsl to t6e grouad rente, ii any, next due, plua the preaniums thst will nert beoome due and psyable
o~ policies at Sre and ot6er haurd ineuraAOe oovering the mort6aged P~P~Y. P1us taxes and ase~smenta
nert due on the mort6sged P~P~Y (all aa estimated by t6e Mortgagee snd of whieh the Mortgsgor ia
notiSed) leas all aums ~ puid therefor divided by t6e number o# montha to before one month
prior to the dste when su ground rmte, Pnmiuma, taues, snd aeBessmente w'~beoome delinquent,
euch eume to be held by Mortgagceintn~sttopsyasidgroundrente,premiums,tasea,endspecislaee~nenta.
(b) The ag~'edste of tbe amounts ps able pursusat to eubparagraph (s) sad thoeepa~yable on the note aecur+ed
, ehall be paid in a~ Pt?Ymea! eacb montb to be +ed
~ , sPPUed to tbe f~ilo~rins items ia the ordec ~
(n ~round r~at8, t+?:es, ~sme~ts, 6n, aad other hs:ard insurance premiums;
(In int~ on the nQte eecured henby; ead
(IIn amortisstia? ot the principal of aaid note.
Any deficiency in t6e amount ot sucha~r~a te monthly psyment shall, unleae made good by the Mort-
gagor ppor to the due dste o[ the next such psyment~ conatitute an event of defaul~ under this morf~gage_
At Mortgagee's option, Mortgagor w?ill pay a"lste chsrge" not exceediag four per ceatum (4°fo) of any install
ment when paid more thaa Siteen (15) days sfter the due date t,hereof to c~ver the eatrs expense involved in
handliag del'mqueat psqments, but such "bte charge" shaU not be psyable out of the pmceeda of any sale
made to satiafy the indebt~daesa secured hereby, unless such procceds are su~cient to d~scharge the entire
iadebte~lneas and all proper cost8 and expenses secured thereby.
3. 1[ the lotal of the pa~~nents macle b,• the I1lortgngor under (a) of para~;rnpl? 2 preceding ahall exceed
the amount of pav~nenl.a actuull~ madP b~• tt'e Mortgs~ee~ ea truatec, for ground rents, taxes snd aesesaments,
and insurance prnmiuii~s, ss the case may be~ such excesa sl~sll be credited on subsequent payments to be made
bv the Mortgagor for sucl~ items or, at Morigagee's option, as trustee~ shaU be refunded to Mortgagor. If,
however~ such montlay~ ps~menta sl~all not he auffi~•ient to pa~ auch iten~s when the same shall become due
and pay
able,_ then t1~o Mortga~?or shull pav to tt~e Mortga~;ec, ns trustee, anr amount necessary to mske up
the deficiency. Such pa}-menL sliall be mn~1e within thirtv (:30) davs atter written notice tmm the Morigagee `
stat.ing fbe ~mount oi the deSciency, which noticean~y
be 'ven by mail. If et sny time the MortgagOr ~hall
~ 6001( ~~e pACf lsZ~
; _
5,7.:1'~ Y'C~ '^~9~i% -a'~'~c _ . _ " . . _ . . . . . .,wyr ~ ~:.>.^-S.
. ~"-'s~~+%3' . ~ L~ x
- »?F%° «
" ' . . s ~i`~....c'~f.'_.: . . .