The URL can be used to link to this page

Home My WebLink About0194 . ' , } The Mortgagur 6ernby covenaata wit5 the I14ort,gage~?~ that he is indefeaRibly aeized oi said lar~d in fee simple or such other eata6e~ J riny sa is atsted herein; Lhue he h~s tuU power and [awtul rigbt to ooovev the same as ai~resaid; thst-the tand ?a free ~rom uU encumbr,?nceB except as herein otherwise re~il~ed; t6at seid~lortgagor ~vill make such furt,her aesurances to provo the aforesaid title to esid land in said I~iortgagee us may be rexson- ablyrequired~ snd that said Mortgagor does bereb~r fultp warssnt the title to said la~d~ ond every psrt t,l~ereoi~ •nd will defend the sswe agsinst t,he lawful claima oi ull persons whomsoever. Paovtnsu ALw~Ye that if the riortgagor ahall pey unto the Mortgagee thst certain promissory nots~ oi which the following is a eubst~ntial ooPS. to ~t: = 35,500.00 ~ Fort Pi~~rce ~ ~orids. May S ' 76 ' FOR VALU~ R~(:i1ViD~ the undersi~ed promir~ee(e) to pay Lo THE LOMAS b NETTLETON COMPANY ~ s oorporation orgaui~d aad ensting under the L?ws of THE STATE OF CONNECTICU~ or order, the principal sum of 1'HIRTY FIVB THOUSAND FIVE HUNDRED AND NO/ 100 35 , 500 . 00 with interest f rom date at ~e ~ EIGHT ~ ONE HAI.F P~ ~~~m ~8 p~ ~um on L6e unpaid balance until paid. The said principal and interest shall be payable at the off'ice oi The Lomas ~ Nettleton Company 175 Orange Street ~ Nev Havea, Connecticut 06510 , or at such other p1aoE aa the holder mey deaignate ia writing delivered or mailed to the debtor, in monthly installments of ~p ~D~ gg~y TE~tEB AND noA~ 2~3~00 commencing on the first day of ~,y , l9 76 , and continuing on the firet dsy oi each month thereafter until this note ie fully paid, e~ccept thet, if not aooner paid, the final payment oi princ~pal and inLerest ahall be due and peyable on the first day oi ~g ~ 2Q06 • privi]ege is r~erved to prepay st any time, without premium or fee, the entire indebtedness or any psrt thereot not less tt~an the amount of one instaUme~t~ or one hundced doUars (;100.00), whic6ever is less. Prepayment ia tull shaU be credited oa the date received. Putial prepayment, oWer t6an on an instaliment due date~ need aot be credited until the next Idlowing inatallment due date or thirty days ttter such pTepayment, whichever is earlier. If sny deficiency in the papm ent of any installment under thia note is not made g~ood prior to the due dste of the next such iustallment~ the entire principal sum and accrued intereat ahall at once become due and Fay- able-without notice at the optaon of We bolder of th~s note. Fsilure to eaercise this option shall not oonstatute s waiver of the right to exerc~se the same in the event ot any subaequent defe~ult. In the event of default in the psyment of this note, and if the same is collected by an attorney at law, tLe undersigned hereb.y agree(s) to pay all oosta oi collection~ including s reasonable attorney's fee. This note is aecnred by mortgage of even date executed by the undersigned on certain pmperty described therein and representa money sctually used for the acquisition of said property or the improvements thareon. Presentment, pmtest, and notice are hereby waived. , /s LESLIE WZLSON ~g~,~ J~_3ARBARA J . {iILSON [SSALJ ~ ` - w« - [s~] ~ ~ ~ ~~L~ . ~ ~ And shall duly, pramptly, and fully perform, discharge~ execute, efTect, complete, rand comply with and abide by each and every the stipulations, agreements. conditions, and covenants of sa~id promissory note and of this ~ morigage, then thia mortgage and the estate hereby created shall cease and be null and void. ~ The Mortgagor further oovenants as follows: ~ 1. Thet he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee~ the entire indebtedness or aay part thereof not less than the amount of one installment, or one hundred dollars (i100.00)~ wbichever is less. 2. In order mor~ full~• to protect ti?e s~~<•urit~- of this mortgag~, the ~•fortgagor, together v~ith, and in ~ addition to, ihe monthl~- pa}•~nents undrr th~ terms of th~~ note s~~ured hereb}•, on the first da~ of each month ~ until the said uotc~ is full~• paid, will pa~• to the ;1ort~uK~e, e.S truste~, (under th~ tern?s o[ this trust a.s I~erein- a[ter statcd) the f~~llo~~ing sums: ~ (s) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hssard insurance oovering the mortgsged property~ plus taxes and assessments ~ next due on the mortgaged property (all sa estimated by the Mortga~ee and of which t6e Mort~agor is notified) lese all sums already paid therefor divided by the number of montha to elapae before one month ~ prior to the date when such ground renta, premiums, taxes, and sasessments will Lec:ome delinquent, ~ such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums~taxes~andspeciala.gses.4ments. ~ _ (b) The aggregate of the emounts payable pursuant to subparagraph (s) and thosepsyable on the note secured ; ~ hereby, ahall be paid in a single payment each month, to be applied to the following itema in the order ~ Steted 3 ~ (I) ground rents, ta~c~, asse.ssmenta, Sre, and other hazard insurance premiums; ~ (II) interest on the note aecured hereby; and ~ (III) amortiaation of the principal-of said note. ~ ~ Any deficiency in the amount of such aggregate monthly payment shall, unless msde good by the Mort- gagor pr~or to the due date of the next sucl~ payment, const~t,ute an event of de(ault under this mortgage. ~ At Mortgagee's option, Mort~agor will pay a"late charge" not exceeding lour per centura (4%) of any install- ~ ment when psid more than ~'ftecn (15) days a(ter the due date thereof to cover the extra expense involved in handling dclinquent payments, but such "late charge" shall not be payable out of the proceeda of any sale ~ made to satisfy the indebt,edness secured hereby, unless such proceeds are sufficient to discharge the entire ~ ~ indebtednesa snd all proper costs and eapenses secured thereby. ~Y 3. Ti tl~e total of the atments nin~l~ h~- the ~1or1 u or t~r~d~r (e) ~f ara ra I? 2 mcedin shall exceed ~ p.' P K P P K ~ ~ the amount of pa}•ments a~tuull~- nia~l~ t?~• tiir ~fort~a~ee, e.s truste~, for Kroun~l rents, tnaes and as.4es.cments, ~ snd insurance pr~miwns, as th~ ~ase mu~ ~be, such excess shall Ix~ credite~l on subseyuent pa}'ments to be made ; ~ b~ the titonge~or for su~h it~~i~s or, nt 1~tortgu~ee's option, e.4 trustee, shal) be re(unded to Mort,gsgor. If~ ~ however, au~h montl~l~• pa~•ments shnll nnt i?c• suffi~•ieM lo pa~• suc~h ile~ns when the same shall become due ~ and pa •able, then the :~iortKaRor ci~all pn}• to th~ ~tort~a~;~~~, as trusteE•, un.• amount necPSSarv to make up the de cienc~•. Such pa~•ment shail t~ ma~1e w~ithin thirty (30) da~-~ after written notice trom t~e Mortgagee stating the smount ot the deficienc,y, which noticP may be given by meii. It at sn time the Mortgagor ehall ' Z5Z FAC~ ~9~ r-_~