The URL can be used to link to this page

Home My WebLink About0528 T~e Mortdxgur hereLy covenanta wilh the I~iortga~;ue~ lUa~ he is indAlea~+ibly aciacd oi tu?id land i~ f~.e simple or euch olher ea~t,ate; if any ss i$ at~?ted herein; Uia6 l~e hus tull puwor and lawful righ~ t,o couvey the aNrua aa Joresaid; ~hat t!?e land is iree ~rom all eacumbrances except as here~a ot,herwise recited; that, aaid I~tortgagor will make sucb turtber assura~ices to provo t~he aforcu~aid i~itle w said land in gaid I~io~t{;sgee ag may tw rexson- ablyreq uired, and the?t said Mortgagoc JoAS 6ereby fuUy w~rrant ~he titlo to aaid laud, and ev~ry part L}~ercwf~ and will defend the same agains6 the lawiul cliima oi all persona wbom9oever. Paov~ugn ALw~YS that i( the ?~ioctgsgor ahwll p~y unto tha Mortgggee that certain promi8sory no1,e~ oi ~rhich t~t?e tollowing is ~ aubstantaal coPS, b~`: ~ i 22~ppp~pp Fort Pierce , Florida. December 24;1975 • FOR VALUB RSCEiViD~ the under~igned promiae(a} to pay to THE LOMAS ~ NETTLETON COi~ANY ~ s oorporation organi~d and e~dsting under the 1i?~ve of THE STATE OF CONNECTICUT or order, the principal sum of ~Ty T{~1p THOUSAND AND NO/100 _~--------------------------------------Dollars (i 22,000.00 with interest from date st t6e rate of Nine per centum ( 9 %a) Per a~nnum oa the unpaid balanoe until paid. 'fhe said principal and interest ahell be payeble at the o8'ice of The Lamas ~ Nettleton Company 175 Orange Street ~ Nep Hav~p CoAne~~icu~ 0651Q ~ or at sucb other plsae as the holder may deaignate in writing delivered or mailed t,o the e tor, w montnly installmenta o( ONE HUNDRED SEVENTY SEVEN AND 10~~ 177.10 ~mmencing on the first day of gggRU~y , 19 76 , and oontinuing on the firat dsy of each month thereafter until this aote is fully paid, eacept that, if not eooner paid, the finsl payment of princapal and interest sball be due and peyable on the first dgy oi J~~y . 2006 • privilege ia reserved to prepay at any time~ without premium or fee, the entire indebtedneaq or eny part thereot aot less Wan the amount ot one installment, or oae dundred doUus (;100.00)~ whichever is less. Prepayment in full shaU be credited on the date received. Putial prepayment. other thm on an :nsta?Ilment due date, need aot be credited until the nPact foUowing installment due date or thitty days after such prnpayment, whichever is eulier. If any deficieacy in the payment oi any installment under this note is not made good prior to the due date of the ne~ct auch installment, the ent,ire principal sum and accrued intereat shall at once beoome due snd ~ay- able without notice at the opt,ion oi the bolder of this note. Failure to eaercise this option shsll not oonsWtute a waiver oi the righ~ to eiercise t6e same in the event of eny subeoquent default. In the event of default in the payment of this note, and if the same ia collected by an attorney at law, the undersigned hereby agree(e) to pay sll oosts of collection, including a reasonsble attorney's fee. This note ia secured by mortgage of even date eaecuted by the underaigned on certsin property described therein and represents money actually used tor the ecquisition oi eaid property or tLe improvement~ t~hereon. Ptesentment, protest. and notice are 6ereby ~raived. , ~l~'~' ~ [s~.] BARRY L~~ARTflUR [s~L] . , , ~,L c - ~ r~u.c~~~ ~t -s~ ~ s~~u.Y nxr~`a~rr~ux ~ _ (sFr?i.) _ ~ And shall duly, promptly, and fully perform, discharge, execute, ePfect, complete~ and comply with and abide ~ ! by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of this E mortgage, then thia mortga,ge and the estete hereby created shall cease and be null and void. ; The Mortgagor further oovenants as follows: ~ 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved ta prepay at any time, witaout premium or fee~ the ~ntir+e indebtedness or aay part thereof not less than the amaunt of one installment, or ~ one hundred dollers (i100.00), whichever is less. ~ 2. In ordcr morc fulf~- to protc~•t th~ src•urit~- of this n?ort~egc, thc titortga~;or, togeth~~r with, and in addition to, the monthl~• pa~•i~~ents und~r the ter~~is of tlu~ nnt~ s~c•ured h~reU~~, on thr first da~~ ~f c~a~h ~nonth until !he said noY~ is full~• paid, Kill pn~- to the• Ltort~a~~e, a.s trustec, (und~r t}?~ t~rn~s of this trust as herein- after stated) the folloHing sums: (a) A sum equal to the ground rents~ if any, next due, plus the premiums that will next become due and payable on policiea of fire and other hasard insurance covering the mort~{aged property, plus taxes and assessments neat due on the mortgaged property (ail as eatimated by t6e Mortgagee and of which the Mortgagor is notiSed) less all sums alreadq paid therefor divided by the number of months to elapae before one month ; prior to the date when such ground rents, premiums, taxes, and aa~essments will become delinquent, - such si:ma to be held by Mortgageeintrusttopaysaidgroundrents,premiums~taxes,andspecialassessments. ~ (b) The aggregate of the amounts payable pursuant to subparagraph (a) and thos~ payable on the note secured ~ ~ hereby, ahall be paid in a single payment each month, to be applied to the following items in the order 2 ~ atated ~ ~ (I) ground rents~ taxea, assessmenta, 6re, sad other hasard insurance premiuma; s ~ (II) interest on the note secured 6ereby; and ~ ~ (IIn aonortization of the principal of said note. ~ ~ Any deficiency in the amount of such aggre~ate monthly payment shall, u:iless msde gooc~ by the Mor~ ~ gagor pr~or to the due date ot the nex6 suc~. pa~~ment, const~tute an event of de[au16 under th~s mortgage. ° ~ At Mortgagee's option, Mortgagor will pay e"late cl~arge" not exceeding fow per centum (4%) o[ any install- ; ~ ment when paid more than Sfteen (15) days att,er the due date thereof to cover the extra expense involved in = handling delinquent paymeats, but such "late charge" shall not be payable out of the proceeds o( any sale ? ~ made to satisfy the mdebt,edness securecl hereby, unless such prceeeds are sufficient to discharge the entire s ~ indebtedness and all proper costs and expenses secured thereby. 3. If the total of the pa~-m~nts mad~ h~- the ~'IortKagor uncler (a) of paraKrliph 2 precedin~ s}~all excced ~ ~ the amount of pa~-~nents a~tuall}- ~~~ad~ b~• tlu~ 11ort~?u~ee, a.s truste~, fur ~;roun~i r~n?.s, tnxes and a~.ges.4ments, " ~ and insurance pr~miwns, as th~ ea5e iua~• be, such Pxcess sl~all 1x• cre~litc~l on sut?seyuent pa}•ments to be n~ade ~ ~ b~ the Mortga~;or for su~h items or, at ?4lortgag~e's option, ag truste~, shall be r~funcied to :~lortgagor. If, ~ ~ howe~er, su~h ~nonthl~• pa~-mcnts shell not I,c~ suffi~•i~nt to par su~h itc~ns when the same shall become due ' and pa~able, then the ~4ort~a~or shall pn- to th~ L1ort~a~?~~•. as trustc~, un.• amount nccessar~ to make up ~ the de~icienc}•. Su~l? pa~-m~nt shnl) b~ n~a~1e within thirt~ (:i0) dn~-ie nfter written notice from the Mortgagee y statir:g the smount of the deficienc~ , wliich notice may be gi~ en bp mail. It at any time the Mortgsgor ehall ~ ~~~x~ ~ l ~ 52~ ~ _ ~ - ~ ;~.~a~ - ,