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Home My WebLink About0133 ~ . 4~ ~ r r~~~~ - The Mortgagur 6ereby covenaats wi~.h tLe Mortgegee~ t6at 6e ia indefeaaibly seiz«i oi said Lad in fee aimple or auch other eststet J eny aa is s~ated hereit?; thst }~e bea full power ~nd lawful rigt~t Lo coovev the aame as ~toresaid; that the laad is lree ~mm all encumbrunces excep6 as herein ot,herwise recit~i; that, said~Vtortgagor will meke suc6 turther ~ssuraiu:es to provo the atoreasid tille t,o said Isnd ia said Mort{;sgee ea may be reason- •blyreq uired~ snd th~t ssid Mortgago~ does hereby fully wurwt t6e Litle t,o said land, end eveiy pari tl~ereot~ and wnA defend the same ag~iaet tbe lawful claima of all pereoas whouisoever. PROYIDSD ALNAY6 tbs~ lf ~I19 ~10~~8g0! Bb~I j1O~ 11II~0 We MOf~B860 WP~ l~l'lslll pPOIII18801'}i I~Of~~ oi which tha following is a eubsLwUnl ooPf. to ~vi6: i 29, 000. 00 ' Fort Pierce , I~7orida. April 29 . 1977 . FoR V~LUC Rscravsn, the undec8i~ned promiee(s) to pay to THE LOMAS b NETTI.ETON COI~'ANY . a oorporaW~n organised and e~stiug under t6e V~'g °t TtiE STATE OF CONNECTICITf osder. the principal sum of TWENTY NINE TtiOUSAND MD NO/ 100 -------------------------------------------Dollare (i29,000.00 with interest f~+om date st t6e rsLe of EIGHT per centum ( 8%) p~ ~?um on the unpsid balance until paid. The aaid principal and interest ahall be payeble at the office ot Tt~ LOMAS b NETTLETON COMPANY 175 Orange Street ~ New Haven, Connecticut 06510 . or at such ot6er p1aeE as lhe holder may deaigaste in ~vriting delivered or mailed to the debtor, in monthly installmenta ofTWO HUNDRED TWELVE AND 86/100----Dolls~ 212.86 commencing on the first day of JtJNE , 1977 , and continuing on the firet dsy of each month ~hereaiter until this note is tully paid~ except t6at~ if not sooner paid, the final p~apq~~gt~~ ai princtpal and interest ahaU be due and payable on the first day of MpY ~ 2007 p~~ ~ r~erved to prepay at any time~ wit,6out premium or fee, the entire indebtednees or any par6~ j thereof aot tess than the amount ot one installment~ or one 6undred dollats (;100.00), whichever is less. Prepaymeat in [ull shall De credited on the date received. Pattial.pr~payment, other than on an installment due date, need aot be credited until We next foUowin~ installment due iiate or thirty days aiter sucd prepayment, wbicherer is eulier. It any deficiency in the ps ment of any instaliment under thia note is not msde good prior to the due date of the neu~t such iastallment, ~e entire principal sum and accrued interest shall at once become due and Fay- sble without notice at the optaon ot the holder ot thia note. Failure to ea~ercise this option ahall not oonatatute • weiver of the right Lo eaercise the asme in the event ot any subsequent default. In the event of default in the psymeat of thia note, and it the same is collected by sn attorney st la~v, the undersigned hereby agree(s) to ~ psy sll oosta oi oollection, including s reasonable attorney's fee. ~ This note is secure~ by mortgage of even date eaecuted by the undersigned on cettain pmperty described tberein and represents money actually used for the acquisition of eaid pmpecty or the impmvements Lhereon. Presentment, protest, snd notice are hereby waived. •~n~,.y~ 1~MICHAEL G. BUTCHER [gg~,] MICHAEL G. BiTPCHER ~ 1~JIIi.IE BITPCNER ~sEAL~ JULIE BUTCHER w.__ ; [sFr?L] ~ And ahall duly, promptly~ and fuUy perform, discharge, execute, effect, complete, and comply with and abide ~ by each and every the stipulations, agreements, conditions, and covenants of said pmmissory note and o[ this ; mortgage, then this mortgage and the estate hereby created shall cea~e and be null and void. ~ The Mortgagor furtDer oovenants as follows: ~ 1. That he wiU pay the indebtedness, as hereinbefare provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtednea4 or say part thereof not less than the amount of one installment, or one 6undred dollars (i100.00)~ whichever is less. 2. In order tnor~~ [ull}• to prot~ct th~~ s~~c•urit~• of thi.s mort~a~;~•, thc• ~tori~afior, togeth~r with, and in n~1~lition to, th~ ~~~ontlil~- pa~-nients und~r tlti~ Ierni~ of th~~ note s~~~ur~~l h~~reb~•, on tlu• first da~- of each montti uutil th~ suid not~• is [ull~• puid, Nill pa~- to th~ \1ort~ay:~•~~, as trustf~r, (un~i~•r th~~ t~~ni~~ of this trust as herein- aft~r stnt~d) ihF~ fulluHinK saius: ~ (s) A sum equsl to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hasard insurance covering the mortgaged property, plus taxes and assessmenla neat due on the mortgaged property (all as estimated by the :~iortgagee and of which the Mort.gagor ia noti5ed) lese all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes, and assessments wiU become delinquent~ ~ such sums to be held by Mortgageemtrusttopaysaidgroundrents,premiums,taxes,andspecialassessments. ~ (b) The aggregate of the amounta payable pur~aat to subparagraph (a) and those payable on the note secured ~ 6eteby, shsll be paid in s single payment each month, to be applied to the foAowing items in the order stated (I) ground rents, ta~ces, asaessmente~ fire. and other 6asard insurance premiuma; ~ (II) interest on the note eecured hereby; aad ~ (III) amortization of the principal of said note. ~ Any deficiency in the amount of such a~re~ate monthl~ payment shall, unless msde good by the Mort- ~ gagor prjor to the due date o( the next such pa~•ment, constitute an event of defaul~ under this mortgage. ' At Mortgagee's option, Mort~agor will pay a"late cliarge" not exceeding four per centum (4°Jo) of anS install- ~ ment when paid more than fifteen (15) da3s after the due ciale thereof to cover the extra expense involved in ~ hsndting delinquent payments, but such "late charge" shall not be pa~ able out of the proceeds of any sale ~ made to satisfy the ~ndebtedness secured hereby, unless such proceeds are sufficient to d~scharge lhe entire indebtednesa and all proper costs and expenses secured thereby. ~ 3. 1f tl~e total of thP pa~-n~~ots nin~1~ h~• th~ '.11ort~u~~r und~~r (a) of parakruph 2 prP~edinR sLall eaceed ~ the an~ount of pa}•inents a~luall~• nia~lr fi~- tl~e ~lon~u~?e~•, as trust~•~, f~?r Kroond rf~nts, tuxes and as.gescments, and insuran~e prnmiunis, as th~~ ~•ese mar~b~,euch excess shall ix~ credit~~l on sui~~•qu~nt pa~•ments to be made bt th~ ~iortgaf;or for surh it~n?s or, at ~lortga~~F's option, ac truste~, shell be r~funded to Morlgagor. If, however, such tnontlJ~• pa~•mc~nts shali n~t i?c~ ~ufTiri~nt to ps~• su~h itenis when the asme ahall i~ecome due and pa}•able, then the :~tort~?a~or ~hnll pa.• to thr ~iortga~;~~•, us trustc~, s?nr amount necessarv to make up the deficienc~•. Such pa~•n~ent sl~all tx~ ~u,u1c within thirt~• (.:i0) dn~•s aftPr written noticc~ from the Mortgagee _ et~ti~~;~~r?p~t o~~eficiency, which notic~e ~ms be i~en by mail. If at any time the 14iortgagor ahall 6Q fiW lJl~t j a~~ ~6~ ~,~~441