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Home My WebLink About1771 The Morigagor hereby covenants with the Mortgageti ~h~t he is indeteaaibly seised ot said Lnd ia !ee si~plo or such other estatet ~i ~ay aa ia stated herein; ttu~ he haa tull power and lawiul righ6 to ooovev Lhe same as aforesaid; tL~~ the land u iree ~rom aU encumbrsnces exoepL as hereia oLherwi8a recited; that said~tortgagor wil! make such further assunnces to prove We atoreeaid fitk? to oaid land in said Mortgagee as may be reaeon- ab~yreq uired, snd t~t snid Mortgagoe does hereby i ~ruran6 the tiNe to said laud. and every part, the~eoi, ~ ~ad ~vill defend t~he same ~g~ins~ the l~wful daims oi~ persons whomsoevor. ' PItOYiD=D ALw?ATd It ~0 ~~O~~i801' BbLU pL~ UIIfiO L~ MOt~~80 L~1~ O~'~ln ~'Olnl880ty 11A~~ oi which the i~ollowing is ~ substawtial ooPf. to witi: = 22,500.00 FORT PIERC819 . Fos Vru.us Rscnvsu~ the undc~ned promise(s) t,o p~y t~o THB LOMAS 6 NETTI.STON COl~ANY oorporstion or~anised and e~datina under the l~wa ot TH8 S?AT8 OF CONNECTICiTr. or order, the principal sum oi 14lENTS( Tfi~O TliOUSAND FIVE Ht)NDRED AND NO/100----- Do~lars (i 22,500.00-- with interest from dste at tbe rste of Niae P~ centum ( 9 P~ aanum oa the unpaid belsnoe unW paid. The eaid principal and interest ehaU be payable at t6e o~ce af The Lomas ~ Nettleton Company 175 Orange Street 1IINevg~ vea, CQnnecticut 06510 , or st wch other plaoe as the hdder may deeignate in writing delivered or mailed to the debtor, in monthly installmenta ofONB HiJNDRED EIGHTY ONE AND 13/100Do11ars (i 181.13 commencing on the Srst day of DECF.MBER , 1975 , aad oontinuin~ on the 6rst d~y, oi each mon~6 thereaiter until thia note ia fully paid, eac~ept thst~ ii not sooner paid, the finat psyment oi princip~l and interest ahall be due and psyable on the 6ret day of NOVEt~ER ~ 2pp5 . Privi]~e~e is reeerved b prepay at any time, without premium or fee, the entire indebtedness or any part thereoi aot less tban tbe amount oi one Instdlment, or one hundred doWus (=100.00), whicbever ic less. prspsyment in tuU ~ball be credited on the date received. Partid prepa,yment, otbez tbaa oa sa in:taltmeat due date, aeed aot be ciedited unti[ t6e ne~ct idlowln~ ln:taltment due date or thirty days atter wch pnp~yment, whicherer k eulier. If any deficiency in the pa~m eat of any insteJlment under tbia note ia not made g~ood prior to the dve date of tLe nezt sucL inatallment, the entire principal sum and accrued interest ahall at once beoome due and ~?y- able wiWout notice at the option of the Lolder oi tLis note. Failure to esercise this option ahall not oonstatute a waiver of the righti to ezerciee the same in the event oi any subeequent defsul~. In t6e event oi defsult in the psyment of this note, and it the ssme is collected by an sttornay at lsw, the undeisigned hereby sgree(s) to - psy aU ooats oi collection~ including a reasonsble sttorney's fee. ~ This note is eecured by mortgsge of even date euecuted by t6e undersigned on oertaia pmperty described therein and repreeents money actuslly used for the aoquiaition of said property or the impmvementa thereon. " Preeentment, protest~ snd notice ue hereby waived, " i ~ ~~/~td~.. ' L ~ ' ' ~~L~ AV MILTON LURRY, . [~L] ~ ~ LL- ol~~ . ~ G ~ l _ ~~?L~ G. L [s~+L] And ahall dulY, Promptly, and fully pedorm, discharge,- euecute, effect, complete, oompty wit6 and sbide ` ' by each and ever}? the atipulationa, agreements, oonditions~ and covensnte of said ~miaeory note and of thia ; mortgage, then thaa mortgage and t6e esfste hereby crested shall cease sad be null sa void. The Mortgagor further covenaata sa followa: ! l. Thst he ~vill psq the indebtednesa, aa hereinbefore pmvided. Privilege is reeerved to prepay st any time, 's without premium or fee. the ~tire indebtedneae or any psrt thereof not leas than the sonount d one installment, or ! one Lundred dollars (i100.00), whichever is leas. ~ 2. ln order more full~ to protect the securit~ of this mori.gage, the ~'Iortgagor, together with, and in € addition to, the monthh- pa~ments under the terms of the note secnred hereby, on the first ds~ of each mont.h ~ until tl?e said note is fu~l~ paid, Kill pa~~ to the 1~lortgag~e, as trustee, (under thP terms o[ this trust as herein- aftec stated) the following suu~s: ~ (a) A eum equsl to the ground rents, if any, next due, plus the premiums that will next beoome due and payable 3 on policies of Sr~ and other hasard insursaoe covering t6e mortgaged propertY, Plus taxes and assessmenta i nert due on the mortgaged property (all sa estimated by the Mortgagee and of which the Mortgagor is ~ noti5ed) less all eume alrea~y pa~d tberefor divided by the number of month8 to elapee beforE one month " prior to the date when such grouad rente, premiume, tauea, and aeeessmeats will become delinquent~ ~ such sume to be held bq Mortgageeintruattopayesidgroundrents,premiums,tasee,aadspecislass~smenta. (b) Tt?e e~ate of the amounta pa able pureuant to subparagraph (a) and thoaepayable on the note t~eecured ~ hereb shall be d in s aing~e ~ PP ~ g ~ cu P~ P~Ymeat each m~th to be a Led to the followin tema in the order g ~ ~ (n ground rente, taies, ss~ssmeate, 5re~ aad other hasard insurauce premiume; ' (II) iatereat on the note eecured hereby; aad ~ (IIn amortisation oE the principal of esid note. ~ ~ Any deficiency in tbe amount of such sggregate monthly payment ahall~ unless msde good by the Mort- ; ~ gagor pr~or to the due dste o[ the next such payment~ constitute an event of default under thia mortgage. ~ f At Mortgsgee's option, Mortgagor will pay a"Iste charge" not exceeding four per centum (4°Jo) of any install- = ment when psid more t6an Sfteen (15) days after the due dste thereof to cover the extra expense involved in ~ hsndling delinquent pay ments, but such "lete charge" shall not be psyable out of the proceeds of any sale ~ made to satisfy the ~ndebtedness secured hereby, unless such proceeds are su~cient to d~schsrge the entire ~ indebtedneas and all proper costs and expenses secured thereby. ~ 3. If the total of the pa~-~nents mnd~ b?- the Mortgngor under (a) ot paraf;rup)~ 2 preceding ahall exceed ; the amount of pavments actuall~ mad~ b~• tt,e :liort~aKer, ea trustec, for ground rents, taxes and assessments, ~ and insutance premiw~~s, as thc case ma~ ~be, such excess slisll be credited on subsequent pavmenta to be made ~ bv the Mortgagor for sueh i~ems or, at Mortgugee's option, es trustee, shsll be rnfunded to Mortgsgor. If, s however, such mont}ay pa~•ments shall not lx~ suffirient to par such items when the same shall become due ~ and pay able, then the Mortga~;or shull puv to th~ Mort~a~e~, ag trustee, an~ amount necessery to mske up ~ the deficienc}•. Such pa~ment sl~all bc~ i»ude within thirt,v (30) da~~s after written notice from the Mortgsgee ; steting tbe amount of the deficiencq, which notice msy be given by msil. If at any t~me the M4rtg~gor shaU ~y E~`~~~~~ Pac~17~7 a `~-'~~`::y,,~ y~ . . a`_ ,e-`~~~'. _ =r , . . . ,