HomeMy WebLinkAbout0212 . ' e . • ~tii" . h
Ths Mortgogor herebj covecu?ats ~rith the Mcutgage~, t~u~ he ia iadet6~xibtr'seised of ssid land in fee
~ple or ~ucL oWer a1~aLe~ it ~ny o+e is sta?t~ed bareiu; t~ut ho Lr~a [ull po~ver ~nd lawcul right to ooRVev the agme
as storessid; th~~ t~he land is ires ~ran all eacumbrwoes eacept w h~reia otherwise recited; thit ea~dZViortgagos
wiU make suc6 iurther ~unr?oes t~ pro~e the ~torawiid title to ~aed !wd in eaid Morsgagee ss~may be reawn-
req u~red~ ~?nd tbat said Mortgagoc does 6ereby i~ w~arn?n0 the t3Us to said laad, und sver~ part tha~eoi,
~wiU detend the sa~as a~sinsi Lhe la~rful olainu of persons w6om~oever. .
Psofinsn ALw~trs t~?t if We I~ioetgsgor a6aU py unto tLs ~Vtortgages tbs~ cert~in promie~orq not~e. oi
which t6s folbwiug is ~ aubst~aiial ooPJ, t~o wii~: . -
= 30,450.00 - • Ft. Pierce y
- ~ February 23, t 1416 .
Fae Yni,vs Iiscuvs~, P~~(s) ~ R~Y ~
THB LONAS b NETTLETON COI~AM~ ~
_ oorpors~oa o~anised and eaeRio~ under #~he +
4ws ot ?HE STATS OF CONNECTICt1T, or order, the princip~l aum of TAIATX THOOSAND FOtJ~ HUNDRBD ~
FIFTY AND NOJ1 _ Dollscs 30,450:00 with intereet irom dute at +
- tbe ratie ot Eigbt and tbree quartersper oeatum ( 8 3/~0) per annum on the unp~id bal~ace unW pa~id.
Tbe s~id priacip.l aad ;nt~etea~ ehall be paysWe e?t the o~ee ot ~ ?
The I.omas ~ Nettleton Company . ~
175 Oraage Street- - _
in New Saven, Cont~e~ticut 06510 , or at saah ot6es plsoe aa t6e ho~der msy deeignste in writina
delivered or m.iled so tbe debtor, in montWy im~talimenta ot TWO RvrIDBEn THiATY N~NB gnd 64f l~ollars
(i 239. b4 oomraencing oa the fus! asy oi ApRII, ~ , 1976 , aad ooatinuins oa c6e
Srat d~y oi each aaonth thereaiter until tbia note is fuUY Paid. esoept tba~, ii no0 sooner paid, tLe final p~?ymenti •
oi ~rincipal sad iaterest shall be due ~nd pay~ble on the first day oi ~ 2006
Privik+g~e is reeerved to prepay ~t any t~ime, ~vithout premium, or iee. the~tue indebtednees or say Pnrt
t6e~reoi not las tban the atnouat ot oae in~tallmeat, or oae 6un~ced dollats (=100.00), whichever is lesc. prep~ym~t in t~eU
shall be cr~dlted on the dats raoebed. Partid prep~yment, other tbaa on an jnstvlment due dste. need not be ~redited untll
t6e aezt idlowia~ lnstaUment due date or thiety daya att~ wch prep~yment, wbjche~er k eatlier. .
It any deHcieacy in tha payment of any i~tallment under this aots is not msde good prior to tbe due date -
oi the nest such inatallment, the entire principsl sum snd accrued intt~srresti shsll st onae become due snd Fay-
able without ~tice st tLe option o! the bolder oi t6is eote, Faituro to ezemiee thia option a6all not ooast~tute
a~vaiver of the righ~ to e~erciee the same in the event of any subeequent dei~?ul~ In the eveno ot defsult in tbe
- p~ymanL-of this note, and if the s~?me is oo
l lec t
e d by an sttorne~ sL l ~?w, t
h
e n.n
d
e
t s i
g
n
e d here by ag,e~ee~s) to
p~y aU ooate oi oollection, includiag a re~sonable sttorney'a fee. .
Thi~s note ia sec
u
r
e d by mort~age of even date e~ecuted by the und
e
r
s
i
g
n
e d on oertain propert~ deacri
b e d
tberein and repreesnta money actusuy used for tbe soquisitaoa oi said pi+ope~rqy or t~e improvements ~n.
Preeentment~ pmtest. aad notice are hereby waived. ` -
[SBAL] .
• ~ RAYMOND BCKHART
- [~+L~
_ . _
BETT~i J . SCKHART
- ~~?L~
; .
~ Md shall dulp, P~PWY, sad iully pertorm, diacharge, euecute,.eHect, complete, and oomply with and abid.e
i bv each and every the stiPnlstions, agreements~ oonditiona, and ooveaanta of eaid promiseory note snd ast thi~s
~ mortgage, thm thie mortgnge and the estate Lereby areated a6a1~ cesse and be nuU and void.
~ The biortdsga further ooveaaate as t~lows: . ~
1. Tbat he willpe
y the iadebtednea~ sa hereinbefore. provided. Privile~ ia reaer;?ed to PrepsY st any time, #
without premium or fee, the entire indebtednees or any part t6ereof not lese than the amount of one ;~staliment, ot
~ one hundred do~tara (i100.00), ~rhichever ia less. ;
2. In order more full~• ~o protect the security of this mortgage, tlie Mortgagor, together with and in
addition to, the monthl~ payn?ents under the terma of the not.e secured hereb~•, on tlie firct da~• of eac~ montli . ~
until Uie said note is fu~ly paid, will pay to the Mortgagee, as trustee, (onder the tern~s of this truat as herein-
after stated) the following swns:
(a) A eum egual to the ground renta, if nny, ne~ct dne, plus t6e peemiums t6st will next beaome dueand payaWe
_ ca poLe~ea ot fire ead other hs:ard inauraaoe oovenng the mort6~B~ Pi'oP~Y, Plus taxes and assessmenta
aest due on tLe mort88B~ P~P~Y (all aa estimsted by the Mortgagee and_~ which the Mortgagor is
noti5ed) leee all aume dre~dy paid therefor divided by tl~ number of moatha to ela~pee before one month
prior to Lbe dst~ whea auch ground reats, P~~, and aeeesemente will Leoome delinquent,
sur,}? aums to be hdd bq Mortg,ageeintrusttopsqasidgroundrents,premiums,tasn,wdspecisla8e~mente.
(b) The aggr~gate af the amounta psyable pursuant to aubpsragraph aud thoeepe~ysble an the note Pecured
~y, shaII be paid in a eingle P~Ymeat each an~th, to be aPPL'ed to. the f~lbwins itema in the ord~ ~
ted
~ (n 6round reats, taxea, sae~eaa~te, fit+e~ aad other hasard iaaurance premiuma;
(In interest ~ the note eewred hereby; aad
~(IIn smorti:aWon of tda principal of eq~d note. •
Any deSciency in the amount of such~ggr~gatt monthly psyment shall, unless made good by Lhe Mort-
' gagor pr~or to tha due dat.e of the next such psyraent, const~tute an event ot defsult~ under th~a murtgage.
~ At Mortgagee's option, Mortgsgor will ~ay a"Iste cl~srge" not exceeding lour per centum (4%a) oi any install-
ment when psid ~nore than ff~teen-(15) days stter Lhe due date thereof to oover Lhe eatra expense involved in
~ haadling del'mauent psyments, but auch "late charge" shal! "noi be psyable out of tLe proceeds af anq sale ~
msde to asciafy the ind~~trdnesa secured hereby~ unlesa such proceeds are su~cient to dsechug9 the entira f
~ mdebtsdness and all pmper coata u~d eapensea secuced thereby. ,
3. 1f the total of the pa3-tnents n~acie b~ the MoMgtzgor under (a) of paraf;raph 2 preceding ahall exceed ~
~ the amount ot pavments actunll~ macl~ h~• tf~e MortgaKec, aa tru~tec, for ground renls, taxes snd saseasments,
~ . and inaunnce prcmiwna, as the case mnr be, such excess al~all be credited on subsequent paymenta to be made ~
~ by the Mort gagor for sucl~ iterns or, at Mortgagee'a option, as trustee, ahall be refunded to Morigagor. If,
~ hawever~ such mont)dy payments sliall not !~r suffi~ient to put such itei~~s when the satne ahall become due
andpay
able, then the Mortga{tor shull puv to tl~e I~'[ost~e~;ec, as trustee, an~ amount necessary to mske up
the deficieney. Such parm~ent sl~all be mnrle within thirt;v (,:i0) dB~~s af4*~ wciUen notice from the Mortgagee
statang the ~uount of the deficiencp, which notice msy be given by maii. If at anp time tbe Mortgsgor sh~ll
Fr~~ 2~ P#~ ~ .
~
4`~-;F~,,~, ~ y .,r . . .
~ `E~ ~ ~~'~~~s~;'.:_,.f J .