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Home My WebLink About0311 Tbe Mortgagor bereby ooveru~nta with tha Mortgegee~ that he is indetesaibly seized oi s~?id 14nd in fee ~imple or such other estste! J uiy as ia staUed bereiu; ths~ he has f ull power and lawtul right to oonvev the snrae as atoreaoid; that tbe l~nd ~ iree ~rom aU encunubnnoes eacoep~ sa henin o6herwise recit~ed; thati aaid Mortgagor will make sucb further aesuranoes to prove Weatoresaid title to said land in said Mortgsgee aa muy be reaeon- ablyreq uiced, and th~t asid Mortg4gor doee heraby fullg wursnt We title b said land, and every gart, tJ?ee~ot. aad ~vill defend the seme agsinat the lawiul daia~s oi W pereons whomsoever. PROYIDED AL~iIAYd tLat ii We ~iortgagor abull pa~ unto the Mortgages tlut cert~in pmmiseory note~ oi w}uch tLe following is a,substanti~l ooP~~ to witi: = 22,000.00 Fort Pier~~ Decetiber 29• 75 ' Foa Vwi.vs RscstvsD, the undersigned promine(e) to p~y to TgS I.QNAS 6 NSTTLETON COI~ANY 7 , s oorporation organised aad n~ostina under tde lsws ot TBB STATB OF CONNECTICII'~or order, the principsl aum ot 11iENTY Tip THOUSAND AND NO/100 (i 22,000.00 witt, interest lrom dste at the nte ot Nine per oentum ( 9 P~' aanum oa the unpsid bslanoe unW p~id. 'T~e eaid pr;ncipal and iAterest shatl be payable st the o~ce ot The Lomas ~ Nettleton Cgsapanq 175 Orsage Street ~ ~ Nev Hsvea, Connecticut 06510 8t other plsoe ae tbe holder msy de~ign:?te in writing delivered or mailed to t6e debtor, in monthly iastsllments of ONB IIUNDRBD NINETY SEVRN AND 94/~m ~i 197 .94 commencing on the firat day of FBBRUARY 19 76 , and eontinuins on the fi~L day oi each month tbereafter until this note is iully psid~ ezcept thet~ if not sooner pud; tbe final payment oi principal and interest shall be due and payable on t~he first day of JANOAAY • 1996 • privileqe is reserved to prepay st sny lima, without premium or fee, tbe entire it?debtedneas or any psrt thereot not less t6an the amount oi one in:tallment~ or one hundred dollau (~100.00j. whlc6ever k lesc. Ptepayment ia fuU shall be credlted on the date received. Putial pcep~ymeat, other than on aa insWlment due date. aeed not be ceedited unW the nezt fdlo~?ln~ installmeat due date or thitty dayn atter suc6 prepayment, whlcdener i~ eulier. If ~ny deficiencg in the payment of uiy inatallment under thia note ia aot made good prior to the due date of tbe ne~ct such insteliment, the entin principal sum and accrued interest sbsll st once become due and psy- sble witbout notice at t6e opt~ion ot We bolder of thia note. Failure to esemise t~hi$ option ahall not oonstitute ~ a waiver of t~he right to eacercise the same in We event oi any subeequent deiault. In the eventi oi detault in the ~ payment oi this note, and if the asma is collected by an attoraey st ls~v~ the underaigned 6ereby agne(s) to psy all costs of collection~ including s reasonabla attorney's iee. - This note ie eecured by mortqa~e of even date euecuted by t6e u~dersigaed on oertain pmperty described ~ t~herein and represente money actus7ly used for Lhe acquisition oi eaid prQperf,y or the impmvements t~e~~eon. Pnsentment, protest, snd notic~s are hereby wuved. ~ ~..91,IQF+L• (:HART.FS ~RRAS ~gp,A1,~ ~ JOEL CHARLBS TORRSS ~ [s~r?r,] ~ ~s ~~RUKO ~o~s [~l ~uRn To~s . [sa~.] And shall duly, promptly, and fully pedorm, discharge, execute~ effect, complete, and comply with aad abide ! by each and every the stipuletions, agreements, oonditiona, and_ oovenanta d said promissory note and of t6is ; mortgage, then th~s mortgage and the estate herebq created shalt ceaBe and be null and vad. F Tbe Mortgagor further oovenaats as folloas: ~ 1. That he will pay the indebtedness, aa hereinbefore pmvided. Frivilege ia reserved to prepsy st any time, i witi~out premium or fee. the eatin indebtedueae or any part thereof not less thsu the amount of one installment, or - i one hundred ddlars (i100.00), whichever ie lesa. ~ 2. In onler more full~ to protect the securit~- ot this morlgage, the MortgBgor, Wgether with, and in ~ adclition to, the monthl~• pa~•ments under the terms of the note secured hereby, on the first day of each month ~ until t)~e said note is full~ paid, wi~l pa~• to the Mortgagee, as trustee, (uncler the terms of this tru.st as herein- ~ afler stated) the following swns: _ , ~ (s) A sum equ81 to the ground rents, if any, neat due, plus the premiums t6at will next beoome due aad payaWe on policiea ~~+e and ather 6ASard ineuranoe covenng the m ~ ~ P~Pe*tY, Piua ta~ces and ~or ~ ~ ne:t dne an We mortgaged pmpert~- (sll ae estimated by tbe Mortgagee and oi which the Mo aotified) Iese all sums already paid thertfor divided by the number of monthe to ~ before one month ~ prior to the date when sucb ~rrcwnd rents, prgmiums, taues, aad ase~smente beoome delinquent, such euma to be held by Mcrtgageeintrua~ttopeqesidgnxindrents,premiuma,taxea,andspecialas~smenta. ~ (b) The aggregate of the amounts payable puraiant to subpsragrapb (a) and thosepa~ yable on the note secured ; hereby, ahall be paid ia s single PeYment each month, to be applied to the f~Uowing itema ia the order a ~ stated: ~ (I) ground rents, ta~ces, assea~neate, fire, aad other hasard insurat?ce premiuma; a (II) interest on the note eecured henby; and ; (IIn amorti:atia~ of the principal oi asid note. ~ Any deficiency in the amount of such aggregate monthlq psyment ahsll, unles~ made good by the Mort- ; gsgor pr~or to the due dste ot the next such psyment, const~tute an event of detault under thia mortgage. ~ At Mortgagee's option, Mortgagor will pay a"late charge" not eaceeding four per centum (4%) of any instalt- ment when paid more thsn Sfteen (15) days atter the due dste thereof to cover the extra expense involved in s hsndling delinquent payments, but such "lste charge" ahall not be psyable out of the proceeda of any sale ~ made to sstiaty the indebtr,dness secured hereby~ unless such proceeds are au~cient Lo diacharge the entire ~ indebtedness and all proper costs and expenses secured thereby. ' x 3. If the total of the pa~-ments ina~l~ t?~• the Mortgngor unrler (a) of pt?ragrnph 2 preceding shall excesd ~ the amount of pa~•menls actuull~ mad~ b~• t~~e ~iortKagee, ss trustee, for ground renta, taxes and assessments, - and insurance pr~miwus, as the case ma~ ~be~ such excesa shall be credited on subsequent pa~ments to be made ~ by the Mortga~;or for sucl~ items or, at Mortg~a~'s option, as trustee, st?all be refunded to Mortgsgor. If, ~ however, such monthly pa~ ments shall n~t Ix~ suffiripnt to pa~• such items when the same ahall become due ~ snd pa~able, then t.)~e Mortgal;or s}~nll~pay to tltic Mort~agec, ns trustee, anr arnount necessaty to make up ~ the deficienc~. Such pa~mcnt shall be ~n~le within thirt~- (:i0) da}~s s(ter wtitten notice from the Morigagee atating the amount oi the deficiency, which notice msy be given by mail. If at any t,ime t,he Mortgagor ahall ~ ` $~~47 ~ 3~. ~ ; . _ . . ~ ~ ~ .~~,~.__~.-y.,-~_~...~= , , : ...~._n-i..~::-~s~..?`