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The Mortgagor hereb~ ob~easats with tbe Mortgage~y t,L~~ he is indefesaib~ seised ot ~aid Lad in tes
simple or suc6 otber ataLei d aa, as i~ st~ted hec~sia; lh~t he has tull pov?er aad bwiul rigbti to ooo~e t6e s~une
a~ atoraaid; t~?ti tbe laad» ires from all encumbraaoes asoepti aa hereia othenviss recited; thati siud~orig~gor
wilt m~ks sueh turther a~sunuces to p~+o~e ~e aforasid title to said lsad ia ~aid Mortgagee M my bs re~oa-
requiced, snd t~?at s~id Ma~la~~vtul s~W'ebosyoit~ wuranti the title to said Lad, sad e~eq part W?ereot~
~will detead t6~s s~me a~in~~ peeacaa whomioerar.
P~OrID?~D ALwsYS tLa` ii We Mo~or ~baU pa~ nnto the Mort~y~es 4~ osctaia promi~wr~ not~s, oi
wbich tbs LoUowio~ i~ ~ subst~ntial o~PJ~ t~o wiR .
= 39, 500.00 Fort. Pierce ~
Jtme 22 . i~ 77•
Fo~ V.i.vs Rscsn?sa~ ths undeni~ed pcomise(•) to to
'I~ IA~lAS ~d NE'f'fLEP~IJ OQ~ANY, a Cormecticut Corporation with principal place
of business at 175 Orange Street, New Hav~en, Comiecticut 06S10
- . s eorpoation ce~?nissd and aao~ undsr t6s
hws at Co~ecticut ~ ar a+der~ tLe prinoipal aum ot 1HIR'IY-NII~ ~D[TaAI~ FNE .
HIJNDRED and No/100-- - - - - - - - - - - - - - - - - Ddlara (i 39, S00 .00 witb intere~t iroon date at
t~hs rate ot Eig~tt ~ P~ ( 8%) P~ +~nnum an the unpaid 6~lsaoe until paid.
Tbs s~id prinapal and iatee+est ehall be p~yi~bk st the o~oe ot 'lI~ LQ~Il~S and NE.TI'TLL"I~V OQ~~ANY
m New Haven, ConnectiCut , or st wch otLer pLoe as ths hoider m~y deer~oste in weitins
delivered oe m~iled to t~ debtor, in monthly inaf~llments d 1~0 I~IDRED EI(~~I!'Y-NII~ $ 93/100Ddlacs
(i 289.93 ~~E a? ~~~y ~ ~lugust, 19 77 , and oontiauio6 an tbe
S~st dy of eacL mont~ t~Lereaiter uatil tLis ~te is tuDY Paid~ exoept tLai, it noti ~ooner paid, tbs £nal pa~ment
oi prin~pat ~ad int~erest shall be dw and psyabk an the first day of July . 2007
Pri~ile~e a reserved to prepa~ st sajr time~ witbouti pre~ium or fee, tbs ~tirs indebtedne~s.or aq~ Part
th~ot aot le~ tban the amoant of ~oe i~talt~n~at, or one 6un~red dollao (i100.00). whkbr~~t 4 Nw. h~yment L~ fuU
~ba11 be ct~e~~td on t6~ d~te trai~ad. T~etW pr~p~praaent, otb~ than at aa ~aiitn~t dw da~e, need sot be ceedited tmtil
We aat tdiowlc~ i~dlm~nt dw d~ o~ t6itty dqn att~r sneb peep~yaaent, wbid~rer i~ e~l~.
It aq7 de~ in the pa~rmeat of ae~ imtallment under tbis nots is not made g~ood prior tp tLs dne date
of the nert wch mstallment, ths entit+s princi~l sum wd sccrued inLeresti ahall ~t onoe beoome dne and pa~
abk witb?out notios at the option of the boWer of tLis note. Failurs to e:arciss ~is option ~6a11 not oumbt~ts
a wsi~er oi the righL to eueur,ioe fbe same in the event of wy subsequeat defaul~. In tbe eventi oi de~ault in t~e
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P~7 ~ oosts oi oollection, inciuding a re~sonable aL~orney's ies.
This note is e e c
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thecein aad represeuts money ac ~uauy used for the aoquiaition of asid proper~ or ~s impr~vement~s theraoa.
Presentment, protesL. aad notid~ are hereby waived.
. ~ ~
Iser?t.]
~A*~y~.
r Z• ~F1LLW ~
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~ Md s6all dn1Y, P~P~Y. aad fuUY P~~, ~P~, aad oomply with aad abide
~ b3? each and ever~ t6e at~Pulationa, a~rcemwta, oonditions, aad oov~aats of eaidpro
missory note and cf this
~ mortga6e, tbea th~s mort~~e aad the estste henby created shall oea~e and be null aad void.
1'he Mo~t~or furthet oovmaata as followa:
1. That he willp ~y the indebtedne~e, aa hcreinbefore provided. ~v~e ~e resesved to prepsy at aay time,
withont pnm;nm or f~, tbe eatire indebtedneee or any part tbereot natt 1~e',~ss t6an the amonat of ane installmmt, or
one Dundred da8aa (i100.00), w6icberer ~ les. Prepaqment in full s6aU be credlted oe We date received. Partial
Pi'eWO~ment, othrt than on ~et ~ent due dtte. need aot be credited ~mtil the next followjas ~t due date or
mn'~Y d~4?s at~tter wch peepaytne~t, whkbe~ h earliet.
2. 1n order more fully to pmtect the security of this mortgage, the ~Iorigag~or, together with,~snd in
addition to~ the monthl~ psymenta under the terms of the note aecured hereby~ on the fuet day o! each month
until tlie said note is fully paid, will psy to the Mortgagee, as truatee, (under the terms of this trust sa herein-
slt~eer stated) the following swns:
(a) e snm «~uai to th~ ~+au?d rmte, it.ny,,~rt due, plna the preminms that w;ll r~t beoane dne.ad payabie
on pobcies d 5re aad otLer hasard inwr~aee-ooverins the mortgsged P='oP~Y. Plue t~uces und saee~neats
na~t due an tbe mortg~ged Pro~rty' (ail as estimated bp tbe Mortga6ee and ot which the Mortgagor is
notiSed) lees a11 enms alc~ad~r p~id t6eretor divided by t~e number of mantbs to dspse before a~e mmth
pr~or to tbe dats whea snch ~ouad ra,ts, preiniums, tas~, aad aaeessments will ~eoome deliaquent, -
aueb aums to be he~ld by M~eeiatewttopayaaidgrouadrents~~at.~..aa~;.t~~ta.
(b) Tbe af t6e amounta pa pnreu~at to sabpata~sph (a) aad thoeepa on tLe note eeeured
b~~~~ bs p~id in a~ymen! eac6 montb, to be applied to tbe f~ itema in the order
(n ~und rents, tu~s. a~es~t+, Sre, aad other 6a:ard iasuranoe premiums;
_ (IA-iat~a~-an-lhe-n~e ~ecnred hei'~b9i and a.o
(III) amorti:atia~ at tbe principal of said aote. ;
Any deScienc~ ia the amount of auch aggregate monthly payment ahali, udees made p~ood by the Mort- ~
gagor prpr W fhe dus date ot the nent such payment. oonst~tute an event of default under tbis mortga~e
ee Mor~age~'s optioa, Mortgag~or will pay a"lats charge" not euceeding four per centum (4%) oi sny inat~all-
ment when paid more thaa fiiteea (15) d~~ys aft~er t6e due dsts thereof to oover the extra expease involved in
Landling delinquent p~ nts, but such 'late chargo" ahall noti be psyable out o! the pmceeds of any sale
made to sat~afy tha ~ ebt~dneas secured hereby, udess auc6 pruceeds are sufficient to d~scharges the eatirs `
indebt~eduess uid all proper oosts and expeneea secured thenby.
3. 1f the total ot the ps~
meots macle b• the Mortgagor under (a) of para~rapl? 2 preceding ehall exc~ed N
Lhe amount ot pa,vment.s acluall~ macie bv t~e Mortga~cee, aa truetre~ for ground rents~ ~.azes and isseaements, ~
and insunnce premiu~i~a, se the csa~ mav be, such excess sl~sll be crediteci on ~u~e~guellti payments to be made
by the MoKgagor tot such iterns or, at Mortgagee'$ option, as t.ruatee, aksU beRrlf~indcd to Mortg~gor. Ii~
however, auch mont}dyps
yments ahsll not be suffi~ient to ps~ such items when the same shall become due -
. andpa~rable, then tl?e Mengago~ shoq pav ~o cl~e Mon~a~ee, as trustee, anv smount necessary to make np
the deficiency. Such pay-ment al~all be made within thiriy (:i0) dsva sfter written notice fmm the Mortgagee