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1~he Mortgagur hereby covenents with the Mortgaget+~ thet he is indefeaKibly aeized of said land in iee
aimplo or such other estate; d any sa is ststed herein; tha1, he hea tull pawer and lavriul righ~ to ooovev the same
aB qforesaid; l.he?t t,he tanJ rs iree from all encumbrsnces except ea horeiu otherwisa recited; thst aaid~lortgagor
will make such furtfier tesurances to provo t6e afotesaid title Lo eaid lsnd in said Mortgagee us may be rcason- '
abl uired~ ~?nd Lhet said Mortgagor Joes hereby tully wacrant the title to eaid l~nd, ond evary part tl?ereot~
n
an wi defend the ssme againat the lswiul d~ima of W pec~oaa ~vhomsoever.
PROVIDBD ALWAYB L~~t ii the I~io~tgagor shaU pay unto We Mortgagee t,hat ce~t~ai.p pmmiaeory note~ oi
wb.ich the following ia ~ substawtial ooPf, to wi6:
i 21,000.00 Fort Pierce ~
June 30.19 76 • ~
Foa Vwi.v~ RccsivsD~ the undereigned promiee(e) to pa?y to -
THB LOltA.S & NETTLETON C0~lPANY ~
bwe af TH8 STATE OF CONNECTICU'~ or arder tbe ' s°°'p°rstioa organised aud e~isting undee t6e
, principal aum af ~ ONB TElOUSAND AND NO/100
- Dollars 21,000.00 with interest from date at
the rste of $ight and Oae Half per centum ( 8~%) per annum oa the unpsid bi?lanoe until paid.
'fhe said principal and interESt ahaU be psyable at the o8'ice of .
The Lomae ~ Nettleton Companq ~
175 Orange Street
1D Nev Havea Conn ctiCut Q6510 . or at such other place as the halder may deaigne?te in writina
delivered or mailed to ~e debtor, w monthly installments of ONE AUNDRED SIXTY ONE AND 49/100Do]lars
161.49 commencing an the first day of ~ AUCIJST , 1976 , and oontinuina on tl~e
fira~ dsy oi esch month thereafter until this note ia fully paid~ ezcept thet, if noz eooner paid~ the 6ns1 ptymant i
of principal and int,erest shall be due and paysble on the first day oi ~,y ~ 2pp6 ,
Privilege ia n~erved b prepay at sny time, without premium or fee. the entire indebtednee~ or any part
thereoi aot less t6an the amount ot one instaUmeat, or oAe dund~ed doAars (a100.00). whjcbever h lesa. prcpayment in inp
ahall be credited oa tbe date received. Partial prepaytnent, o~her thaa on an installa~ent due date~ need aot be credited unt[I
the aext td1oM?in` installmeat due date or Shirty days a[ter wch pnpayment, w6ic6rver ic ea?iier. -
Ii any deSciency in the payment of any inatallment undet t~his note is not msde good prior to L6e due date
of t6e ne~t auch instatlment, the entire ptincipal sum and accrued intereBt shall at onoe become due snd Fay-
able without notice at L6e option of the holder oi this note. Fsilure to e=ecr.ise Wis option ahall not oonsWtute
a waiver of t~he right to ezercise the same in the event of any subeequent default. In the event ai default in tbe
p~yment oi thia note, sad it the asme ia collected by an attornay at lsw, the undersigned hereby agree(aj to
pay sll coats of collection. including s reasonable attorney's fee.
This note is eecured by mortgage oi even date executed by the underaigmed on c~ettain property deacribed
therein and represents money sctually used for the acquisition oi eaid property or the improvemente thereon.
Presentment, pnoteet, and notic~, ~re hereby waived.
/s L
~C~~LES PI.AIN ~ ~~L~ i
[sBN,] ~
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And shaU dul rom U and full dorm disch , , p , ~
` Y~ P P Y, Y Pe , a*8e, execute eHect oom tete aad comply with and abide ;
by each and every the stipulationa, agreements, conditions, and oovenants oi said pmmi~eory note aad of Lhis s
mortgage, then this mortgage and the estate hereby Grested shell ceaee and be null and void. ;
The Mortgagor further covenants ae followa:
1. That he wiU pay the indebtedness, as hern,inbefore provided. Privilege ia reserved to prepsy at any time, ~
without Rremium or fee, the entire indebtedneae or anq part thereof not less than the amount of one instsllment, or ~
one hundred dollars (:100.00), whichever is less. ~ ~
2. !n order r~~ore tullr to protec•t 1}!e se•curit~- of this moit~age, the ~iortga~;or, together with, and in ~
addition lo, the monthlr pa~n?ents under U« terms of the note aP~ured hE~reb~•, on the first da}• of each month ~
until tlie said not~ is fu~h• paid, will pn~~ to ttie tilortgagPe, as trustee, (und~r th~ terriis o~ t.his trust as lierein- ~
after stated) the fullowing swns: ~
(sj A sum equal to the ground rents, if any, next due, plua the premiums Lhst will next become due and p~yable ~
on policies of fire and other ha~ard insurance oovering the mortgaged property, plus taxes and assessmenta - }
nert due on the mortgaged pmperty (all aa estimated by the Mortgagee aad of which the Mortgagor is
notiSed) leae all eums a[ready p~d tberetor divided by the number of manths to elsp~e before one montb ~
prior to the date when s~ch ground nmts, premiums, taxes, and sasessments will Lecome delinquent, '
such suma to be held by Mortgageeintrusttopsysaidgroundrents,premiums,taxes,andspecialassessmenta ;
(b) The aggregate of We amounts payable pursuant to subparagraph (a) and thoee payable oa the note secured ~
hereby, ahill be paid in a single payment e$ch month, to be applied to the f~llowing items in the order '
:
stated
(I) ground rents, taxes, aasessraenta, fire, and other hssard insurance premi4ane; ;
(II) interest on the note eecured her~bq; and ;
(IIn amortisation of the principal of said note. {
Any deficieneq in the amount of such a~;greE;ate monthly payment shail, unless made good by the Mortr ~
gagor pr~or ta the due date o[ the next such payment, constitute an event of default under this mortgage.
At Mdrtgagee's option, Mortgagor will pay a"late cl~srge" not exceeding fow per centum (4°Ja) of any inatail-
ment when paid more t6an fitteen (15) day s after the due date thereot to oover the extra expense involved in
hsndling delinquent payments, but such "late charge" shali not be payable out of the proceeds of any sale `
made to satisfy the ~ndebtedness secured hereby, unless such proceeds are sufficient La dischacge the entire
indebtednesa and all proper c~sts and expenaes secured thereby.
3. If the total of U:e pa~-~n~nts me~io t>~• thp Mortgufior und~r (a) of paraRraph 2 precedinR ahall eaceed
the an?ount o( pa~-ments actuull~- n~a~l~ h~• t~ie'~1ortKage~, as trustc~~, for ~round rents, taxes and assessments~
end insurence premiwus, as th~ casp inar~bc~, such excess si?ail be credited on subseyuent pa~ments to he rnade
bv the Mortga~or for su~h items or, at MortgngPp's option, ag trusiee, shall be relunded to Mortgsgor. If,
however, such nwnthl~ pa~-ments shall not tx~ suffi~•ient to pa~ su~h items when the same aliall become due
and pa3able, tlien the :~lortgaRor ~hall pu}• to the :~foM~e~e~~, n.q trustee, an~- amount necessarv to make up
the deficienc~. Such pa~•rncnt si?si) be nia~le Kithin thirty (:i0) dars after written notice from t~?e Morigagee
atsting tbe amount of the deficienc3, wl~ich notice may be given by mail. Ifrat ~e ~
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