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Home My WebLink About0534 , r ~ . ' T6e Mortgagor heseb~ oovenant~ with the Moriga~ay yu?~ 6e ia iadeteasibl,y eeised oi said L?nd ia !es dqa~?ls o~r such otber estste~ ~i aqy ~a is a~at~ed hec~sin; Lh~t be has !ull power and lawiul righti to ooovev t~he aame Y ~Ion~id; tha~ t~a Iwd n ires ~rom all eacun:bnaces e~oepti as heroin o6Lerwiss reciLed; that eaidl~ortgsgur wifl mske such fur~Ler a~sunaoes t~o pro~e ths aiot+ee~id 4tle to ~aid Iand ia said Mortg~gee as auy be reason- ab req uited, ~nd tba~ said Mortgagor does hereby i~ warna0 t~hs tiNe to eai~d land, and sver~ par~ theroot, ~will defend tLe s~me ~siast ~hs bwtul o4iros ot persow whomsosver. PiOYIDtD ALNATS th~~ it tbe Moctgsgor a6~ll pw unta ths Moctgagds t6a~ oert~n promiewry nota, oi wLicD L6s tolbwing i~ a aubt~nti~? ooPJ. t~o wit: = 21, 000.00 Fort Pierce , I~laida. Sept . 3 .1976 . Fon V~zvs R~csivs~~ t~6e undecsigned promise(s) to py? Lo THE LQMAS ~ NTTTLETON COI~'ANY , a oorporstiaa organised and e~o~e~ing under t6s bws at TH8 STATB OF CONNECTICU~~' ~r. the prinaPal aum of T~ENTY ONE THOUSAND AND NO/100 _~.~_~_~_~~----~_~______~ollan (i21,000.00 with intereet trom date at t~ rate ot EIGHT AND ONE HALF P~ ceatum ( 8'~ P~ anuum on the unpaid balanoe unW paid. The ee?id principsi snd ;n~esc ehall be paysble at tbe o~ce ot The Lmnas & Nettleton Company 17S Orange Street ~ in New Haven, Connecticut 06510 , or at such otber plnoe ~ the holder msy deeignats in writin6 delivered or mailed to !he debtor~ in monthly installments ot ON8 HUNDRID SIXTSi ONS AAID 49/100 ~d1~ (i 1b1.49 commencing on the 5rst daY d NOVII~+BER , 19 76 , aad oontinuin6 on the . first da~ oi each month t6ereatter until thia note is fuU,y paid, eacapt thst~ if not sooner psid, the final payment ot principal aad int,eres~ ah~ll be due and payable on the 6rat dsy oi p~p g 2p06 ~ • Pri~ile~s ia reeerved tio prepay at a~ time, wiWouti premium or fee. t~he entue indebtedae~s or aay Part - thereor not tac than the amounc ot one tast.umo~,t, o: oa. hunarca aonan (iioo.oo), wnjc6e~ is ie~s. Pe~epayaaeAe io tuu ~hall be eredited on the date recehed. hrtial pnpayaaent, otl~ez tbaa oa m h~tailment due date, aeed not be credibed unW tlre next [dlowia~ instaliment due dzte or thttty days a[ter wcb pesp~Ymeot, wbid~ewr i~ aeiier. It any deHciency in the paymen~ oi any installment under tbia note is not made g~ood prior to the due d~te of the next sucb inatallmen~, .tbe entire priacipal sum snd accr~ed interest e6a11 at onoe beoome dne and ~sy able witbout n~otioe at t6e optton ot the holder of this note. Failure to ezercise this option sha11 not oo~btute a ~vaiver oi tha righti to eserr,ise the same ia We eveat of any subeequent defsulb. In the eventi of deisult in the paymenti oi ~hia note, snd if the eame is collected by an attorne~ at law, the naderaigned Lereby agree(~) t~o pa7 ~ll oosts of oollection, including a reseonable attorney'a tee. This note ffi secured b~ mortgage ot even date executed by the nnderaigned on oert~ain propertj deecribed therein and npreeents money actually used for the aoquisition of asid proper~y or tbe impmvementa thereon. Preeentment~ protest~ and noticA ue hereby waived. ROh"_dIE L. FAULK ~g~L~ RONNIE L. FAULK [a~r?L] /s/ AGNES FAULK [gg~L] . AGNES FAULK [~?L] ~ And ahsll dulY, Pmmptly. aad fnlly perform, diacharge, e:ecute~ effect, oomplete, aad complq with aad sbide by esch and ever~? the atiPulatiat?0. agreements, conditioaa, aad covenaata of said promieeory note snd ot tbis mortgage, t6m th~e mortgage and the eatate hereby created sh~U oenee aad be null and vaid. . tI'he Mortg,~gor turther ooveasnts as follo~va: - 1. That he willpa q the indebtedness, ue hereinbefore pmvided. Privilege is resr.rved to P~P~Y st ~Y ~ without premium or fee, the entire indebte~neas or say psrt thereof not lesa thaa the amount of one installment, or one hundred dollars (i100.00), whichever ia lesa. ~ 2. In order more fullr to protect the securit.~ of this niortgage, the Morigagor, together with, and in ~ addition to, the ~nonthl~ pa~~ments unJer the terms ot the note secured hereb~~, on the first da~ of each month ~ i until• the said notc is full~ paid, wili par to the Mortgagee, as trustee, (under the terms o[ this trust as herein- ~ a[ter stated) the following suins: ! (a) A eum equsl to the 6round rents, if any, nert due, plus t6e premiums that will neat become due and paysb3e ~ on policies of Sre and other haserd insurance oovering the mortgaged property~ plus taxes and sa~ssmente next due ~ the mortgaged property (all aa estimated by t6e Mortgagee and of which t6e Mortgagor ia notised) lese all euma alr~dy pa~d thereior divided bq the number oi months toe1apee before one month ~ prior to the dste wbea such ground rmta, pnmiums, taxea, aad seeeasm~ta will recome delinqueat, ~ euch aumsto be hdd by Mortgageemtniattopayeaidgroundrenls,premiums,taues,andspecialaee~smeats. ° (b) The aggreaate of the amounts pa able pureuant to subperagraph (a) and thoeepa~ yeble on the note ~+ecured hereLy, sball be paid ia s~ WYmeat esch month, to be applied to the falowina itema in t6e or~er ~ atated ~ (I) 6round rents, ta~ces, saeessmeuts, fin, and other ha:ard insurance premiums; ~ (II) interest oa the note eecured henbq; aad ; (IIn amortisation of the principal of eaid note. ~ Any deficiency in the amount of sucha~a te monthlq payment ahall, unleas msde good by the Mor~ , gagor pr~or to the due dste of the next such psyment, const~tute an event of defsult under this mortgs~e. ; At Mortgagee's option, Mortgagor will pay a"late charge" not exceeciing tour per centum (4%) oi any inatall- ! ment whenpu d mon than fitteen (lb) dsys siter the due dste thereoi to oover the eatra eapenae involved in ' handling delinquent psyments~ but such "latc charge" shall not be payable out ot the pmcceda of any sale ~ made to ast~afy the indebt~dness secured hereby, unlesa such proceeds are su~cient to discharge the entire indebtednees and sll proper costs snd expensea secured thereby. 3. If the total of the pa~inents mad~ b~- the Mortgugor under (a) of para~raph 2 preceding shsll exceed the amount ot parmen~a actuall~ mad~ b~- tlie :liortgaKer, as truatec, for ground rents, taxes and essessmenta, ~ snd insursnce prcmiwus, as the case u~ar be, such eacess shall be credited on subseyuent payments to be made by the Mortgagor for such iterna or, at Mortgagee's option, as trustee, ahsll be retunded to Mortgag~ot. If, however~ such ~nonllJy ps~ ments sl~all not lx~ suffi'i~•ient to pa~ such iteinx when the same ahall become due f and pay able~ then tl~e Mortgagor st~nll puy to thc Mortgagee, ns trustee, an~ smount nece~ary W make up ~ the deficiencv. Such pa~ment shall be macle within thiny (30) ds~~s after written notice from the Mortgagee stating the amount of the deficiency, which notice msy be given by msil. If ~t sn.y time the Mortgagor ~hall ' (i ~ BOOX FAGE ~v= - '