The URL can be used to link to this page

Home My WebLink About0133 The :11ort~;~ur herebp covenKnts w~th lhe I~4ortga~;et+~ tliat he ia indefcau:ibly ~iu:d ot said lsnd in fee eimple ur such utl~er estate, J any, ua is stuted herein; that, he he~ full poM~er and lawiul right to coove~ 1he snme aa af~~resuid; thet, tho lund ia tree from all encumbru~cas except as here~n otherwise reci1~1;1Wst seid hloregaf;or mill ~~~4r~ o~~r~ ~!3~~.~38i sga~~gr~C~ tQ ~!'Q4l~ ~~3N 4(~f~~a9i[,~ t~f.IP f~ n~i[~ ~4rt~ as#~ ~~~t~'~°~+w',~-s~ ~P~v ~P f•r~t~- ebly req uired~ and lhattsaid :~iorl~agor hereby fuUy warraitt the title t~o said latid, and eve.y part ti~ereot~ and will deteud the samo ageiast the lswiul claima of all persoi?s whoui.soever. PROYIDED AI.iVAYB L~181 1~ ltle !~iortgagor s6all pay unto the Mort{~agee tha6 certsin promiseory note~ ot ~r6ich lhe followiug is s subalautial cops, to wit: Fort Pierce i 20,000.09 September 27 ,197b . Foa YALi;6 R~C6IYSD~ the undcr~ucd pmmise(s) !,o ~ay w THE LOMAS ~ NETTLETON COMPANY ~ a oorporation orgsaised and e~uating under the - la~ve of THE STATE OF CONNECTICUT. or order~ the principal sum of ~gpTy TtiOUSAND AND NO/I00 (=20,000,00 with interest irom date at the rate ot EIGHT AND ONE HAI.F per centum ( g~ °Jo) per annum on the unpaid halance until paid. The said pripcipal and interest ahall be payable et the o~ce of The Lomas ~ Nettleton Company 175 Orange Street ~ Nev Haven, Cotwecticut 06510 ~ or at such other p1acE sa the holder msy designate ia writing delivered or mailed to the debtor, in moalhly installrnent8 of ONE HUNDRID FIFTY THREE AND 80/1~11ai'e (=153.80 commencing on the firat day of NpVg~gg , 1976 , aad oontinuing on the ficat day of each month thereafter until this note is fullp paid, e:cept that, if not eooner pud, the Snal payment oi principal and interest shall be due snd payable on the fi~at day of p~Tpgg,R , 2pp6 . privilego is reserve~ 4o prepay at any time~ without premium or fee. the entire indebtednees or any put thereot not less than the amount of one instaliment, or one hundred dollars (5100.00)~ whichever is less. Prepayment in tuU shall be credited on the date received. Partial prepayment. other than on an installment due date, need not be credited until the next [ottowing iastaliment due date or thirty days a[ter wch prepayment~ whichever is eulfer. If any deficiency in the payment of any inataltment under tbie note ie not made ga?d prior to the due date of the next euch installment~ the entire princ~pal sum and sccrued intereat ahi?ll at once become due snd ~ay- able without notice at the optaon o! the holder oi th~s note. Failure to eaercise this option shall not oonatitute a waiver of Lhe right to e~cercase the same in the event of any subsequent default. In the event of default in the ' payment of this aote, and it the same is collected by an sttorney st lsw, the underaigned hereby agree(s) to pay all costs of collection, including a reesonable attorney'a fee. This note ia secured by mortgage of even date executed by t6e undersigned on certsin property d~cribed therein and representa money ectually used for the acquiaition of said pmpetty or the improvements Wereon. Presentment, proteat, and notice are hereby waived. /s/ RICHARD D. LL'WIS Y~ ~~L~ RIC~~ARD D. LEWIS ; _ _ ~ , _ ~ /sL EUNICE J. LEFRS _ Igg~?LJ ; EUNICE J . LE{1IS ~ [ssnL) ~ And shall duly~ promptly, and fully perform, discharge~ execute, eAect, complete, and comply with and abide ~ by each and every the stipulations~ agreements, conditions~ and covenanta of said promissory note and ot thi8 ; f mortgage, then thia mortgage and the estate hereby created shap cesae and be null snd void. } ~ The Mortgagor further covenants as follows: . ' 1. Thet he willpa y the indebtedness, as herewbefore provided. Privilege is reserve~ to prepay at any time, ~ & without premium or fee, the entire indebtedness or any part thereof not le,ss than the amount of one installment, or ~ one hundred dollars (:100.00), whichever is less. ~ 2. In or~1c•r inor~ fullr to prot~~~t th~ s~~uri~~- uf th~s mort~agP, the ~1ort~agor, together with, and in ~ ~ addition to, th~ ~uonthl~• pa~-nients under the tenns ot ihe note s~~urc~d h~reb~•, on the first da~• of cach month ~ " until th~ said not~~ is full~• paid, KI~I ~A~' 10 lI1P ~tortKa~?~e, as truste~, (under th~ tenns of this trust as herein- ~ aft~~r stale~l) the fullow-in~? sutns: ~ ~ (g) A sum equal to t6e ground rents~ if any, next due, plua the premiums that will next become due and payable ~ ~ on policies of fire and other hasard insurance covering the mortgaged property, plus taxes and assessments ; ~ next due on the mortgaged property (sU as estimated by the Mortgagee and of which the Mortgagor is ~ ~ noti6ed) le,~s all sums already pa~d therefor divided by the number of months to elapee before one month ~ ~ prior to t6e date when such ground renta, premiuma, taxes, and sssessments wiU become delinquent, ~ ~ such suma to be held by Morcgageeintrusttopeysaidgroundrents,premiums,taxes,andspecialaesessments. ~ ; (b) The aggregate of the amounta paynble pursuant to subparagraph (a) and thoeepa yable on the note Recured : hereby, s68ll be paid in a single payment each month~ to be applied to the following items in the order ~ atated ~ ~ (I) ground rents, taxes, assessmente, fire, and other hazard insurance premiums; ~ ~ (II) intarest on the note eecured hereby; and j - (III) amortizetion of the principal of eaid note. ~ ~ Anv deficiency in the amount of such a~;gre~ate monthly payment ahall, unless made good by the Mort- ga~or prjor to the due date of the next such payment,, constitute an event of default under this mortgage. ~ At Mortgagee's option~ Mortgagor will pay a"late charge" not eaceeding four per centum of any inatall- ~ ~ ment when aid more then fitteen (15) days after the due date thereof to cover the extra expense involved in i ~ ~ handling de inquent payments, but such "late charge" shall not be payable out of the proceeds oi sny sale ~ ~ made to satisfy the ~ndebtedness secure~l hereby, unless such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured thereby. ~ 3. If th~ total of ihr pa~-n~~mts nin~i~ h~- th~ Mort~u~or und~~r (a) of para~ruph 2 precedinR sLall eaceed ~ thc~ arnount of pa~•ments actuall~- n~a~l~ t?~• t~i~• ~fort~;n}:ec•, as truste~, for Kroun~l rents, tuxes and as.gessments, and insuran~~e pr~niiui~is, as the~ ~•a.s~ inn~= be, such pxce~ss sl?all bc~ credit~~1 on subsequent pa}•ments to be made b~ ti?e Llortga~.;or for su~h it~ius or. nt Liortgo~~~'s option, ag truste~, shaU be r~funded to Mortgagor. If, however, su~h ~nonihl~• pa~-m~•nIs ~linll nM tx~ suffi~•i~nt to pa~- suc~h items when the same shall become due fi snd pa~•able, then thc ~iort~a~or ~I?ul) pn~• to th~ ~tor~~n~~i~, as.trustc~, an~• amount necessary to mske up ` the de~irienc~-. Su~li pa~-mcnt shnll b~ n~udc ~riti?in thirt~• (:~0) days after written notice from the Mortgegee ststing the amount ot the deficienc~•, which notice mey be given by~ mail. If at any time the Mortgagor shall . _ . s: . i ~~2