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Home My WebLink About0382 . , ~ . Tbe Morlgagor hereby covenaata wit,h the Mortga~e6,.that he is x~d~leaxibly seized ot esid li?nd in tee ~imple or auch other eatatet d sny ss is stated 6enin; tha6 he hes [ull power and lswiul rig6t to ooovev the same as otaresaid; ~hAt the tand ~a iree ~roaa ~ll eucumbcaaces except ae horeia otherwise recited; thst aaid Mortgsgor ~vill make euch further assurances b provo the utoresaid title Lo aaid land in s~ud Mort,gagee ~s may be reeson- ablyreq uired~ and th~t said Mortgagoc doee hereby tully wnrrwt the Wtle to said laad, sad evory purl, thereoi~ aad ~vilt detend t6e aame against the lawiul ctaiaoa oi all pereons whomsoever. PAOVIDSD ALNAYd thaL lI Ule I1~Oi1$ig0! B~IYU ~lpy 11Dt0 ~1e MOif$igN ~Y~ Celf~AlA }1tOIn18BOt~/ A01~6. oi which tha tollowing is ~ aubstawWal coPS, to wit: = 26,000.00 Fort Pierce .~~n~ January 28, .1976 • FoR Vs~.us Rccsivsn~ the underei~ed promiee(s) to pay to THE LOMAS ~ NETTLETON COMPANY . a oorporation orgsaised and e:iating under t6e 4?ws of THE STATE OF CONNECTICUT ~er~ the principal sum oi ~Ty SIX TEiOUSAND AND NO/100----------- ~d1s~s 26,000.00 ~rich interest from date st the rate of Eight and three quarter P~ ~tu~ ~8 3/4%) Pes aanum on the unpaid bslance until paid. Tbe said principal aad interest ehall be paysbte at the o8'ice o! The Lomas b Nettleton Company ~ 175 Orange Street ~ New Haven, Coanecticut 06510 ~ or at such other p1aoE ae the holder may deaignste ia writing delivec+od or mailed to the debtor, in monthly instaUmenta of ~„p ~DRED FOUR AND 62[ 100 204.62 ~mmencing on the 6rst day of , 19 76 , and coutinuing on the firet dsy oi each month thereatter until this note is tully paid. eacept that, if not eooner paid, the final payment of princ~pal snd interest ahall be due and pay~ble on the Srat de~y of ~ , Privilege is reserved b prepsy st any time, without premiuan or fee. the en~mdebtedneea o~ sny pat~ thereot not leas tdan the atnount of one installmeat, or one hundred dollars (=lOQ.00), rrhichever is less. A^epaymeut in full shaU be credited op the date received. Putial prepayment, other thaa oa an instaUment due date~ fl@C~ IIOt bC CrCdl~ 11DhI the ne~ct tollowiag installment due date or ~dirty days aiter sucb prepaymeat, wbichever is eulier. If any deficiency in the paym ent oi any inatalUnent under thia note is not made good prior to t6e due date of the next such instaWnent, the entire principal sum and accrue~ interest shall at once bec~me due and ~ay- able without notice at the option of the Lolder of this note. Failure to eaercise this option ahall not constatute - s waiver of t~he right t~o e=ercise the same in t6e event of any subeequent default. In the event oi default in the psyment of thia note, snd ii the asme ia collected by an sttorney st law, tLe undereigned hereby agree(s) to psy all costs of collection, including s reasonable attorney's fee. ~ Thia note is eecured by mortgage of even date eaecuted by the undersigned on oertain property described therein and represents money sctually used for the acquisition of said proparty or the improvemente thereon. Presentment, pmtest, snd notice are hereby waived. . [s~?L] BILL~K. ANDERSON [~?Ll _ [ss~i,) KATHY ANDERSOh [~L] Md shall duly, promptly, and fuUy pedorm, discharge, execute, eHect, complete, and comply with snd abide , by each and every t6e stipulations, agreements, conditions, and covenants of said promissory note sad of this f mortgage, then this mortgage and the estate hereby created shall ce,sae and be null sud void. E The Mortgagor further oovenants as followa: I 1. ThAt he will psy the indebtedness, ss hereinbefore provided. Privilege ia reserved to prepay at any time, ~ witnout premium or fee, the entire indebtednesa or any part thereof not lesa than the amount of one installment, or ~ ~ one hundred dollara (i100.00), whichever is less. ~ : ~ 2_ In order ~nore (ull~• to protect tht~ s~~curit~- of this m~rt~age, tlie ~rlortga~;or, togetl~er with, and in ~ ` addition to, the monthl~- pa~•u~ents under th~ terms of the~ note secureci h~rehy, on thc first da~• of cach montli until the said not~ is full~• pui~l, Kill pn~• to thc~ ~1ort~ng~e, es trustee, (under tS?~ t~rms of this trust a.s herein- aft~r stated) the fullowing sums: ~ - (s) A sum equal to the ground rents, if any~ next due, plus the premiums that will neact become due and payable ; on poGcies of Sre and other hasard in~rance covering the mortgaged property, plus taxes and assessmenta ` ~ nezt due on the morigaged property (all aa eatimated by the Mortgsgee and of which t6e Mortgagor is : ~ notiSed) lese all sums already paid therefor divided by the number of months to elapee before one month # ~ prior to the date when suc6 ground rents, premiuma~ ta~ces, and assessments will become delinquent, ~ such suma to be held by Mortgageeintruattopaysaidgroundrenta,premiums,ta:es,andapecialassessments. ~ _ (b) The aggregate of the amounta payable pursuant to subparagraph (a) and those payable on the note secured ~ ~ ~ by, shall be paid in a eingle payment each mont6, to be applied to the following items in the ordet , ted ~ ~ (I) ground rents, taxes, asgesqmenta, fire, sad other 6asard insurance premiums; ~ ~ (II) interest on t6e note eecured hereby; sad ~ ~ (III) smortiaatioa of the principal of said note. ; ~ A~ deficiency in the amount of such sggre~ate monthly psyment shall, unless made good by the Mortr : ~ gagor pr~or to t6e due date of the next such psyment, constitute an event of default under this mortgage, t ~ At Mortgagce's option, Mortgagor will pay a"late charge" not exceeding four per centum (4°Jo) of any instaU- ~ ~ ment when paid more than 6tteen (15) days after the due date thereof to cover the extra expense involved in ' ~ handling delinquent payments, but such "late charge" s6a11 not be payable out of the proceeds of any sale ~ made W setisfy the ~ndebtedness secured hereby, unless such proceeds are sufficient to disc6arge the entire ¢ iadebtedness and all proper costs and expenses secured thereby. : ~ 3. 1f the total of the pa~-ments niad~ h~- thP ~'Iortgngor undcr (a) of paregrnph 2 precedinq shall exceed } ~ the amount of pa~~rnents actuull~- ma~l~ br tlie ~iortKa~~~, as trustee, for Kroun~i rents, taxes and as.gessments, ~ and insurance pr~miwns, as tl~~ case mu~~bc•, su~h exePSS shQU tx• credited on subseyuent pa~ments to be made ` ~ bv the Mortga~or for su~h items or, ut :1'[ortgn~ee's option, a.g trustee, shall be r~funded to Mortgagor. If, ~ ~ however, such mont)~I} pa~-ments sh~ll not tx~ suffi~•ient. to par su~h itehi~g when the same shall become due 3 ~ and poy•able, th:n t1~o Mortgagor chall pn~ to th~ ~tort~a~;~~~, a.4 trustc~, an~• amount necessery to make up ~ ~ the deficienc~•. Such pa~ment shall tx~ n~a~i~ within thirt}- (:i0) da~-s aftPr written notice Irom the Mortgagee ~ stating the amount of the deficienct, which notice may be given by maiL If at any time the Mortgagor ehall ~ ~ ° ~ 24~ PAGE ~c7i . _ ~ , _ . - ,~`~'Y ,~,y,,~ ~ _ ~ . ~ `i _