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Home My WebLink About2109 ~ . , ' . ~ i The Mortgagor bereby oovewu~ts witb tLe Mort;~gee, ~hat be ia iodeie~eib¢ aeised oi esid Lad ia fe~ ia?~ ar such otbar est~Let d u~ a~ i~ st~ted ha+ein; t~h~~ he La~ tuU power and lawiul.rigbt to ooavev tLa ~+une a~ ~raaid; thst the lwd ~s ires ~rom all encumbranoea ezoept ~s bersin otberwiss rsc~ted; tha~ ~aid~Iortgagor wilt make such [urthec arunnoes to pro~e tbe atot+es~iti dtis to ~aid lrnd in ~aid Mortg~ges w ma~ bs ro~aoa ~wilt detend tLs ame d Mor ~ lawiul daima~ot~ warsani tbe utl~ Lo s~id laad, ~nd svae~ part, tbse,eot, ~sins Psrww whomsos~er. PiOYtDSD ALNAY~ Lha~ ii t,hs Mortg~gor ~6~U py unt,o ii~s ~+Iort~a~es t~ oecf~aia promiew~r~ n,ot4, oi wbioh tbs foll~owin~ is a~ubsiaaLia! o~PJ~ Lo wt~: i 31,000.00 Fort Pierce, Florida. November 10 ,19 75 . Fae V~ws R~csivs~~ !hs uada~?ed promiee(~) to paU? to TH8 LOtlAS 6 NB~"1'I.BTON COMPANY . s oorpoest~oa oe~?ised and e~in6 uader ths Lwa otTBB STATB OF CONNECTICUT, a order, tbe princip~t aum ot THIRTY ONE THOUSAND AND NO/100 - Doilsus (i 31, 000 .00--- with in~erest inain date s= tbs tste ot NINS P~' ( 9 9'0) P~ anaum on We unpaid balanoe until p~id. Tbe e.id principat uad intereet s6a11 be p?ysbk at the o~oe oi The I.oras ~ Nettleton Compaay - 175 Orange Street ~ New Haven, Connecticut 06510 , or st suah othec p~aoe as tbe hdder msy deaiamte ia writ,iaa delivered ar mailed to t6e debtor, in monthly inatallmeats ot1~10 RUNDBED FORTY NINB AND 55/100~~ (i 249. SS------ oommencing oa the first d~y of JANUASY , 19 76 , and oontinuio~ oa the fus0 dyr oi eac6 month thereaiter until tbis note is fuDy paid, euospt taat, ii not sooner paid, the final payment of principal aad interest eLall be due aad paysble oa the firs~ ot Pri~il~e~s is reserved to prepa~ wti aa~ time~ aithout premium or fee. ~ the ~t~u~e~indebtean Zer oi W Part tttueot pot la~ tl~an tM anwunt of ope LntaUment, ot ou~ 6uadred dori~ts (;100.00), ~w6khw~r 41er. Mpayaaeat in tul! duU be ~cedited oa the date reoei~nd. Pattyl pnp~ymeat, othe~ t6aa oa m buWlmeat due date. need aot be credital uatil the n~ct la~owta~ la~Ument due date or thi~rty dtys aitet wch pi~ep~yment, whichevtT i~ qrliet. It an~ defiCiency in the psyment af say inatallment under tbis note is ~t made guod prior ~o the due date of tLe ne:t such inat~allment, the entin princip~l sum and aocrued iaterest shaU ati onoe become dae and Fs1 •ble withouti notice ~t the option of the Lolder oi tltis note. Failure to esercise this op4oa shall noti oo~t~tute s Waivar of the righti to ~e~r,ise the same in We event oi say subsequent defaui~. In We eventi of deiault in t~he paymea t o f t h is note, an d i t t 2?a ssme is o o ll e c t~ e d b y ~a attorns~ s~ Lw, t h e n n derei~gned hereby a,gr,ee(s) to p~y all ca?ts of coUection~ including a raaonable altorney's fee. 'I'his note is secured by mor~s~~ of even dats ezecuted by the nndarsigned oa oeztain propnrty deecribed thereia and repreaente money actiually used for the acquisitiau oi said prope~rt,y or tLe ianprovements t~e:+eon. Presenf,~nent, protest~ and noticA are hereby waived. [~?ti] ROBSRT x. LYONS [~•J CAROL x. LYONS t~til t~.] And ehall dulY, P~P~Y, sad futiy perforan, discharge, execute, eHect, complete, snd oom~y with aad abide bq each aad ever~? the eti~lataona. agrexmmts, oonditions, and covensnta of said promieeury note and ot t~ns mortgage, then th~e mortga6e and tbe estste hereby crested ahall ceaee and be null and void. 1'he Mortg,sgor furthe~ ooveaants as follows: l. lbst he ..iu p.y the indebteanese, as hereinbe~ora proviaea. Privilege ia re~?ed to prepsy st anr time. without premium or fee, the ~tire indebt~edaees or any psrt thereof not lees tbaa the amonnt ot oae inatallmeat, or one hundred doWus (:I00.00), ~vhichever is leee. 2. In order more full~ to protect~ the security of thia mortgage, tl~e ~Iortgag~or, together with~ and in addition to, the monthl~ payn~ents under the terms of the notc aecured hereb~ ~ on the firat day of each month until the said note is fuYly paid, will pay to the Mortgagee~ as cruetee, (under the ternis o[ thie trust as herein- atter stated) the following swns: (a) A aum ec~ua?1 to tbe ground t+e~te, if sny, next due, plua the premiums t6st will next beoome due uad P~?Yab1e a~ poLciee ~ 5re aad o~iher hassrd inauraaoe oovering the mortgaged Pi'oP~Y. Plus taxes and as~sments next due on tbe mort~aged Prop~xty (att as estimsted b tbe Mortgsgee and ~ w6ich tbe Mortgagor is notiSed) leee all auane alr+eady paid tberdor divided by ~ aumber of manths toe1spee before ~e month prior to the dste ~?Len such ~+ound rents, Premiums, ta~ces. and as~eanente vviU beoome delinquent, , euch suma to be hdd by Mortgag~eeintruattopaysaidgroundreata,P~~0.~~,~dspeciataese~nents. (b) The agg~ste of the smounts pa sble purauant to subparagrsph (a) and t6oeep~ le on the note se~ured be tineby, ahi11 be peiid in a eia~e pdym~t a~ch manth, Lo be applied to tbe f~ items in the order atsted m 6~n~1 ~~_~~+~mt~, and other hassrd insuraaa premiums; (II) interest an the aote secured hereby; aad (IIn amo~tisstion at the priacipal ot aaid note. Any deSciency in tbe amount o! such aggregate monthly Fsyment shail, untees made g~ood by tbe Mort- gagor prpr to the due dste of the next such~a yraent, constatuta w even6 0! def~ult under this mortgs~e. At Mortgagee's option, Mortgagor will psy s"lste chsrge" not exceeding four per centum (4%) of sny install- ment when paid more t~haa fiiteen (15) ds~?s sfter the due d~te thereof to oover the e~ctn expense invoived in handiing deiinquen! paytnents, but auc6 "lste charge" ahal! not be psyable out of the proceeda of anp eale made to sstiafy tLe indebt~sdnesa secwed hereby, unleas such proceeds are su~cient b discharge the entire indebtedaeas and all proper oosts snd eapenses securad thereby. 3. If t6e total of the pa~~nenta made b~• the Mortgngor under (a) of paraE*rnpli 2 preceding ahall exceed the amount of pavments actuall~ n~ade bv ti'e biortgaE;ee, as ttuatec, for ground rents, taaces snd assessments, snd inaurance prnmiums, as ttce case may be~ such excees sliall be credited on subsequent peymentB to be made by the Mortgsgor for such items or, at Mortgsgee'a option, as trustee, ahall be refunded w Mortgagor. If, however, auch n?onclJy~ pay menta ahall not l~ sufi'i~iPnt to pa~ such iteu~s when the aame ehall become due ~ndps~ able, then tltio Mortgaf;or sl~ali pav to ttie Mortga~ee, ns trustee, any amount neceesary to make up the deficiency. Such pa~-ment sl~sll be mnde within thiriy (30) dsti~a after written notice from the Mortgsgee stating the amount of the deficiency, which notice msy be ~ ven by mail. If st any tame the Mortg~gor ~all 60uK24~ PA~~210fi ~~.M . . - _ _ . _ - - ~ ~ - - _ ~ ~ - =:w~ , ' d ~ ~ v .