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Home My WebLink About0198 The Mortgagur hereby coveuanta vrilh the Mort~;agc~~ that he'is indefes.~ibly seizeci ot said land in fee eimple or such other e~tate, d any as is statod herein; that he h~ t«!1 power sud law ful right lo co4ve~• t6e sHme as sfaresaid; that the lend is free ~roa}i all eacumbrances except as herein otherwise recit~eci; that, saiJ Aiori.~uugor will meke such turther assurancea to provo the atoreseid title to said lend in said Mortgagee tia may be reKSOn- sblyreq uired, und thst said hiortgagor does hereby [uUy warrant the title to said land~ and every part tl~eroot, ~ md will defend the easne agaiast the lawful clsims ot all pertwus vehow.9:,ever. ' PROVIDED ALWAYB ttl8~ lf 1Z18 ~10~~8gOT BbB~I p8y llIILO L216 M0i~8ge6 I~aL C6~~81A pi'OII118tlOI~? IIO~@~ oi wrhich t,he followiug is a substantial copp~ to wit: i 38,000.00 Fort Pierce , ~orid~. December 24 ~ 1975 . FOR VALUB RSCSlVBD~ t6e underaigned prumise(e) to pay to THE LOMAS ~ NETTLETON COMPANY , a corporation organised and e~oating under the laWe °i THE STATE OF CONNECTICUT or order~ the principal sum of ~IRTY EICHT THOUSAND and 00/ 100 38, 000. 00----)~ with interest !rom riate at the rate of Nine r centum q~Jo) per aanum on the unpaid balance unW pa~d. The said principal aad interest shall be payable at the o~ce of The Lomas b Nettleton Company 175 Orange Street ~ New Haven, Connecticut 065L0 ~ or at such other p1acE as the holder mey desigaate in writ:ng delivered or mailed to the debtor, in monthly installments of THREE HUNDRED FIVE and 90/ 100----pO~ 305.90------). commencing on the first day of February ? 19 76, ~nd continuing on the firat day of each month thereafter until this note is fully paid, eacept that~ if not aooner paid, the Snal payment of princapal and interest shall be due and payable on the firat day oi January , 2006 • Privilege ia reserved to prepay. at any time~ without premium or fee, the entue indebtedneas or any part thereof not less than the amount of one installment, or one hundred doUars (a100.00). whichever a less. Prepayment in full shall be credited on the date receired, Partial prepayment. other Wm on an instaliment due date. need ~ot be credited until the ne~ct foUowiag insttallment due date or thlrty days a[ter such prepayment, whichever is eulier. Ii sny deficiency in the payment of any inst,ullment under tbia note is not made good prior to the due date of the neat such instsllment, tbe entire princapal sum and accrued intereat shall at once become due and ~ay- able without notice at the option of the holder of this note. Failure to exercise this option ahall noL conatatute a waiver of the right to ezercise the same i.n the event of any subsequent default. In the event of default in the paymeat of this note, and if the sanne is oollected by an attorney at lsw, the undersigned hereby sgree(s) to ; pey all eosts of collection, including a reasonable attorney'e fee. This note is secured by mortga~e of even date executed by the undersigned on certain property described therei.n and represents money actually used tor the acquisition of said property or the improvemente thereon. ~I Preeentment~ protest. and noticfs are 6ereby waived. i • ` _1_~u ~~~,u~ [s~?t.l RALPH~ '~~FREDETTE I' ~ - [s~.) HELENE A. FREDETTE - [s~?L] ~ (~`/1~.~ [~L] And shall duly, promptly, and fully perform~ aischarge, execute, efiect, complete, and comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of thia ~ mortgage, then this mortgage and the estate hereby created shall cesae and be null and void. The Mortgagor furiher covenants as follows: 1. That he vr-ill pay the indebtedness, ss hereinbefore provided. Privilege is reserved to prepay at any time, ~ 9vitnout premium or fee~ the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred doAars (=100.00), whichever is less. 2. In or~ler inor~~ full~• to prote~t th~ s~•c•urit~- of this mortKa~~, thc• Z~fort~a~or, tog~th~r wit}?, and in addition to, th~ rnonthl~• pa~•nu•nts un~l~r th~ t~r~ns of tL~• not~ ~~~•ured h~~re}»-, on thr first da~• o( cach montl? until th~ suid notc is full~• pai~l, w•ill ~a~• to th~ ~1or1Ka~~e, us trustee, (under tti~ ternis of this trust a.s herein- aftrr stated) the fullo~+in~ suuis: (a) A sum equal to the ground rent9, ii any, aext due, plus the premiums that will neact become due and payable on policies of fire and other hazard inaurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is notified) less ap sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes, and assessments wiU become delinquent, such sums to be held by Mortgagee in trust topaysaid ground rents, premiums, ta~ces, and special assessments. (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those psyable on the note secured hereby, shall be paid in a single payment each month, to be appiied to the following itema in the osder etated (I) ground rents, taxes, assessments, fire, and other hasard insurance premiuma; (II) interest on the note secured hereby; aad = (III) amortiaation of the principal of said note. Any deficiency in the amount of such a{;greRate m~nthly pavment shall, ~unless made good by the Mort- gagor pr~or to the due date of the next such psyment, constitute an event of default under this mortgage. At Mortgagee's option, Mort~agor w~il pay a"late charge" not exceedinR four per centum (4°Jo) ot any install- ment when paid more than }ifteen (15) days a(ter the due date thereof to cover the extra expense in~olved in handling delinquent pavments, but such "late charge" shall not be payable out o( the proceeds of_ any sale _ made to satisfy the ~ndebt~edness secured hereby, wiless such praceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured thereby. 3. If thr 101flI Of lI1P ~8\"IIIP111S Illa(IP br tl~~ ~1ort~a~~r un~l~~r (n) of puruKrnpli 2~recedinR shall exceed the an?ount of pa~-menls a~tuall~- mn~l~ h~- tt~t~ ~iort~tt~ee, as trustee, f~r ~;round rt•nts, iaxes and asses.cments, and insurence preniiwns, as th~~ case inn~= b~, sueh excrss ~hall b~ credit~~l c~n sut?sc~yuent pa~•ments to be made - b~• the Ltoriga~or for suc~h itc~~ns or, nt :1'[ortgugee's oplion, a.g truste~, shall t~ refunded to ~iortgagor. If~ _ however, su~h montl~l~• pa~•ments shnil nM i,c• suffiri~nt to pa~- su~•h i~ems wh~n the same shall becom~ .iue ~ and parable, then tLc ~iort~a~or shal) pn~• to th~ titort~e~;~~•, a.S truste~, an~• amount necessarv co make up ' the de~icienc~•. Such pa~•ment shnll b~ ms~I~ w•itliin thirt}- (:i0) da~~s nfter written notice frotn t~~e Mortgagee ~ stating t6e amount of the deficiency, wi~ich notice may be given by mai1. If at any time the Mortgagor e6all ~ Y r. ~ ; ~ ' ~~1;7 :_.trr A rt,_:' ~ N ~ = - - _ d~~ ~r'c' .zk;^~t~~ ~ ~c~, _ ~~+aa.~~?_`~~ _ _ , ~ ~ -t- rb.e..~ ~ _