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Home My WebLink About0328 f . ~ The Mortgagor hereby oovenants wiLh the Mortgagee~ thst he is indefoaFibly seized ot s~id lend in fee ; ampla or such otLer estatet d aqy as is at~?Led 6ereia; thet he hss tull power and lawful rigat to coovev ~he ~arue = as utoresaid; fbs6 the land ia iree frota all encumbnaces except as herein otherwise recit,ed; that said~iortgagor ~ will maka such iurther aesunnces to prove the afores4id title to eaid land ia said Mortgagee us may be r~+aeon- sblyreq uired, and t6~t said biortgagor does hereby full wuna~ the tiWe to said land~ and every part t~tiereot, and will,detend t6e aame ~gsiosL the lawtul claima oi ~ pereoas whomsoever. Paoviuau ALw~Ya thst if tha 141ortgagor ab411 ps' unto We Mortgagea thst cert~sin promissory note~ oi ` which the fullowing is a eubsLsntial ooP~~ Lo ~o~: ' i 32,800.00 ~ Fort Pierce . ~on~ November 21.1975 • ; Fos Vwi.vs RxcsrvsD, t6e undereigned promiee(s) to p~?y to THE LO!!AS b NETTI.ETON COHPANY , s oorporatioa organised aad e~rieting uader the f ~ V~8 ~ THB STATE OF CONNECTICUT, or order, the principal sum of THIRIR 11i0 THOUSAND EIGHT HUNDRED ~ AI~ NO/100--------------------------Dollare (i 32.8Q0.00 with intereat from date sL ' the nte of Nine--__~~~______ ~~tum ( 9 per annum on t6e unpsid balance unW paid. ; The eaid principal Aad inter~st shall be payable at the o~ce of ~ The I.o~as ~ Nettletoa Cospany 175 Orange Street ~ in Nert Haven, Conaecticut 06510 , or at such other place as the holder may desi~ate in writing ~ delivered or mailed to the debtor~ in monthly installments of TWO HUNDRED SIX1R FOUR AND 04/l0~ollars ~ f 264.04 commencing on the first day of JANt1ARY , 19 76 , and continuing on the } , firet day oi each month thereafter until this note is tully paid~ eucept tbst~ if not eooner paid, the final psyment ' oi princapal and int,erest ahall be due and payable on the firat dsy oi DECF.HBER ~ 2005 • ' Privilege is reserved to prepay st any time~ without premium or fee. t6e entire indebtedaees or any part thereot not less than the amount of one i~utallmeat, or oae 6undred doUaes (=100.00), whichever is less, Prepayment in [ull shatl be credited on the date received. Putial prepayment, other than on m inatallment due date, deed not be credited until the ae~ct Iollov?ing iastaUment due date or thirty days a[ter suc6 prepayment~ vrhichever ic eulier. Ii sny deficiency in the paym ent of any inst+illment under this note is not made good prior to t~e due date oi tbe next such installment, the entire principsl sum nad acerued interest shall at once beoome due and ~ay- sble without notice et the option of the holder oi this note. Failure to exercase thia option shall not~ oonatatute s waiver of the right to eaercise the same in the event of eny subeequent deiault. In the event of default in the psyment of this note, and it t,he same ie collected by an sttorney at lsw, the undersigned hereby sgree(s) to pay all ooste ot callection, including a reasonable attorney's fee. This note is secured by mortgage of even date executed by the undersigned on c~ertain pmperty described therein and represents money actually used for t6e acquisition of said proper6y or t~he improvemente thereon. Presentment, pmtest, and noticis are hereby waived. [sEAL] . REXFORD E. WILLEIT ~ [sEAL] ~ - [3SAL] ~ ~~L~ ~ And shalI dul rom tl and full rform discha ; Y, P P Y, Y Pe , ~Be, execute, etfect, complete, and comply with and ebide ; by each and every Lhe stipulations, agreements, conditions, and oovenants of said promissory aote and of this I mortgage, then thia mortgage and the estste hereby created ahall cesse snd be null and void. f The Mortgagor further oovenants as followa: i 1. T'het he will psy the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time~ f without premium or fee. the entire indebtedness or any part thereof not lesa than the amount of one inatallment, or i one.hundred dollars (i100.00), whichever is lesa. j 2. In order mor~ fully to protect the securit~- of this mortgage, the tifortgagor, together with, and in ~ addition to, th~ monthlv pa~-ments under the terms of the note secured hereb~-, on the first da~ of each month ~ unlil tlie said not~ is full~• puiJ, uill pa~- to th~ A~1ort~a~ee, as trustFC, (under th~ tcrn?s of this trust as herein- ~ after stated) tLe [olloHing swns: . ~ (a) A sum equal to the ground rente, if any, next due, plua the premiums that will next become due and payable ~ on policies oi fire and other hasard insurance covering the mortgaged property, plus taxes and agse.ssments ~ next due on the mortgaged pmperty (all s8 estimated by the Mortgagee and of which the Mortgagor is noti5ed) lese all sums already psid therefor divided bq t6e number of moatha to elapee before one month ; ~ prior to the date when such ground renta, premiums, taxes. and assessments will become delinquent, ; ~ such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums,tauea,andspecislassessmenta. ~ (b) The aggregate of the amounta payable pursuant to subparagraph (a) and thosepayable on the note secured i ~ hereby, ehall be paid in s single payment each month, to be applied to the foUowing items in the ordet ~ ~ atated: : ; (I) ground rents, taxes, sssessments, fire, and other ha:ard insurance premiuma; ~ (II) interest on the note eecured her~by; aad 3 (III) amortiaation of the principal of said note. _ ~ Any deficiency in the amount of such ag,~regate monthly payment shall, unless mnde good by the Mort- ~ ° gagor pr~or to the due date ot the next such psyment, constitute an event of detault under this mortgage. ~ At Mortgagee's option, Mortgagor wiU pay a"late charge" not eaceeding four per centum (4%) of any install- = ~ ment when paid more than fifteen (15) days atter the due date thereof to cover the extra expease involved in ~ ~ handling delinquent payments, but such "late charge" shall not be paysble out of the proceeds of any sale 5 made to satisfy the ~ndebtedness secured hereby, unless such proceeda are aufficient to discharge the entire ~ - indebtedness and all proper coste and expenses secured thereby. r ~ 3. if the total of the pe~-~nents mnd~ b~- th~ Morlgu~or uncler (a) of para~rnph 2 precedinR shall exceed ~ ~ ihe amount o( pa~-inents a~tunlly n~ad~ b~• t~ie ~1ort~a~ec, as truste~, for Kround rents, ta~es and as.sessments, ~ ; and insurance pr~n~iw~is, as th~ case ~na~~be, such excess shall t~ credited on subseyuent payments to be made ~ by the Mortgagor for su~l? items or, ut Mortgn~ee's option, as truster, shall be refunded to Mortgsgot. If, } however, such n?onthl}• pa~•ments shul) nol i~c suffi~•ienl to pa~- su~h ite~ns when the same shall become due : snd pa~able, then tl?e ~tortgaf?or shull pn~~ to thc :~iort~;a~ee, ag truste~, an~• amount necesser~ to mske up < the de~icienc~•. Such pa~-ment shall tx~ ma~le witl?in ih'vl~v (:30) da~s atter written notice from the Mortgagee ~ atating the amounL of the deficiency, which notice msy be given by mail. If at any time the Mortgsgor shall - ~ ~ f~ c~ ~ ~ 6GGX~~~ FaGE ~ - _ _ _ _ _ ~ : . hr K% ~ _