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Home My WebLink About0025 The Mortgsgor hereb~ coven~uts with the Mortgagee, tL~t 6e is indefeasibl seized oi 8sid laad in fee einpple or uucb other estatei d wy as is atated bereia; tha6 he has tull power and ls~ul rigbt to ooRvev the sRme as Joresaid; Lhet the Irnd is iree ~rom sU encumbrances except as herein otherwiae recit~ed; tbati ai?idZviortgagor ~viU make such furt,her assuranoea to pmvo the atoresaid tiWe to said land ia said Mortgagee ss msy be reasou- ablyreq uired~ snd t,hat said Mortgagor does hereby fully ~rarrsnt the tiLle to said land, snd evfuy part Lhe~eot~ and ~rill detend the same agsinat the lsrviul claima oi all pereons whomsoever. Paovtusa AL~v~YS that it the ~ioct{~agor shall pay uato the Mortgag~es iLa~ ~oertain promissory aote~ oi wLich the inllowing ia ~ substanti~l ooPf. to witi: i 33, 900 . 00 Fort Pierce May 30 ,19 78 . - Fos Vwz.vs Rscsrvsn. Lhe undereig~?ed promise(s) to pay b'It~ LdNAS ~ NEI'TI.h`fON OOP+~ANY, a Connecticut Corporation, with principal place of business at 175 Orange Street, New Haven, Connecticut ~ s oorporstioa organised and e~ostina under the ~ Lws af the State of Connecticut a* ~er~ the principal sum ot ----THIRTY-'14~REE 'INOUS~WD NINE ` MIIJDRED and No/ 100 - - - - - - - - - - - - - - - - - - - - - - Do~lara (i . 33, Q00 . 00 with interest imm dute at the rate of Nine Pe* centum ( 9. (PJo) Per aa~?um on the unpaid balanoe unW paid. The aaid principal sad interes! ehall be payable at We oBce of The I.omas $ Nettleton Compatly f ~ New Haven, Connecticut , or at such other pL~oe aa t6e bdder msy deeig~?ste in writina delivered or mailed to-the debtor, in monthly installmenta ot TWO H~INDRED SEVFNIY-'IWO $ 90/100Dollara 272.90 com~aencing on the first dsy of July ~ 19 78 , and oontinuing oa the 6~st d~y oi esch month thereafter until thia note is hillp paid~ except tbat~ ii not sooner ~id, the final payment oi princapal st?d interest ahall be due and psysble on the firet dny of Jtme, 2008 ~ • priviiege is reserved to prepsy ot any time~ withouti premium or fee. the entire indebtedneeB or any patt theteot not less thm the amouat o[ oas installment, or one hundred doUaes (=100.00), which~rer i~ less. Prepayment in [uU ahall 6e ctedited oa the date receired. Putial pnpayment, ather than on an insWlment due date, need aot be credited untll the ae~ct tdiowir~ iastallment due dtte or tAirty days atter such prepaYmeat, wfiiche~rer is earlier. ; Ii any deficiency in the psym ent of sny inatallment under this note is not msde good prior to the due date i of the nest such inatallment, the entire principal sum and accrued intereat shall et once beoome due and Fay- z sble without notice et the option oi the holder oi this note. Failura to ~en,ise this option shall not oonstitute a waiver of tLe right to ezercise the same in the event of any subsequent defaul~ In tbe event of defsnlt in the payment of this note, and it the ssme is coUected.by an sttornay at law, the undersigned hereby s~gree(s) t~o ~ psy sll oosta of collection, including s reasonsble attorney's iee. This note ia eecured by mortgag_e of even date executed by tLe undersigned on oertain property deecribed tberein snd represents money actually used for the aoquiaition oi said proper6y or Lbe improvemente thereoa, Presentment. protest. and notic~s are hereby waived. ~ . - [s~L] RL~IALD JAY JAME.S ~ ~ ~ AMY A. JAME.S - . [s~,] ~~G~ . 4 ~ Md shall dulY, P~~P~Y, ~?d fully pedorm, disc6arge, execute~ eHect, complete, aad comply with and sbide ; E ~ s ; by each and every Lhe st~pulations, agreements~ eonditions, aad covenants of said pmmiasory note and d thia , ~ mortgsge, then this mortgage and the estate herebq cc~eated shall cease and be null aud vad. _ The Mortgagor further oovenants as follows: ~ ~ 1. That he willpa q the indebtedness. a8 hereinbefore provided. Privilege ia reeerved to prepay at any time, without premium or fee, the entire indebtedneas or aay part thereof not leas t6an the amount of one installment, or i one hundred doUus (;100.00), whichever is less. Prepayment in tull s6all be credited on the date received. Partial ; ~ prepryment, other than on aa installment due date, need not~be credited until the nexC following installment due date or ~ thirty days atter such P~PaYn'ient, ~vhichever is eulier. i 2. In order more tull~ to protect the securit~• of this mortgage. thc tifor-tgagor, together with,~and in addition to, the inonthl~ pa~ ments under th~ terms ot t}~e. note secured hereb~~, ~on the first da~ of each month until tl?e said note is fu~l~ paid, will pa~' LO LfiP iVIOn(~B~PP~ as trustee, (under the ternis o( this trust as herein- atter slated) the follov?ing swns: . ~ (a) A enm equal to t6e ground reata, if any, next due, plus the premiums that will next beoome due and payable ~ on policies of fire and other hasard insarance oovermg the mortgaged property, plus taxes and sssessmenta ~ ' ne~ct d e on the mortgaged property (all ae estimsted bY the Mortgagee and of whic6 the Mortgagor is notifiei~ lese all sume already paid therefor divided by t6e number of montha to elapee before one month prior to the date ~vhen such ground reats, premiuma, tsxea~ sad sasessme~nts will beoome delinquent, auch sumato be held by Mortgageeiatnisttopsyss~d~roundrents,premiuma~taxee,aadapecislaseeesmenta. : _ (b) The aggregate of the amounta ps able pursuant to aubpsragrap6.(a) and thoeepa~ yable on the note Pecured ` ~ hereby, ehall be paid in s eing~e psymeat each month, to be spplied to the f~llowin6 itema in the order ~ stated ~ (n ground e+enta, taues, aaseaameate, fin, aad other hssard insurance premiuma; ~ (II) intereat on the note secured hereby; aad ~ (IIn smortisation of the principsl of said note. ~ ~ ~ Any deficiency in the smount of suchaggregate monthly payment ahall, unless made good by the Mor~ c~c ~ ~ gagor pnor to the due date ot the next such psyment~ const~tute an event of default under thia mortga~e. ~c,so At Mortgagee's option, Mortgagor will pay a. "late charge" not exceeding four per centum (4°fo) of any inatali- ~ ~ ~ ment when psid more than Sfteen (15) days atter the due dste thereof to cover the eatro eapense involved in ~ hsndling delinquent psyments, but such "late charge" s6all not be psyable out of the proceeda of sny sale ~ made W sst~sfy the mdehted~ess secured hereby, uriless such proceeds are suf!'icient to d~scharge the entin indebtedness and all proper costa and expenses secured t6ereby. ~ 3. If the total ai the pa~-ments madc b~ the MoMgngor under (a) of"para~;ruph 2 preceding shall eaceed ~ ~ the amonnt of pa~-ments actunllr matl~ br tf~e 1'lort{~a~ec. a~ truste~, for ground rents, taxes and assesaments~ ; •nd insurance premiums, as the case ~na~~ be, such excess shall be credited on subsequent paymenta to he mede ~ ~ ~ bv the !Vlortgngor for such ite~ns or, t?t Mortgn~ep's option, as trustee, shs~lfbe fefun~e~i to Mortgegor. If~ - however, such ~nontld~ pa~ ments shall not 1x~ suffi~•ienL to pa~ su~h ite~ns ~v'v}ien t}iie'same shell become due ~ F and pa3~abte, then tl~c Mortga~or shull pa~ to thr ylort~s~ec, aa trustee, an~ arnount necessary to make u~ the deficien~}•. Such pa~•ment shall be ma~ie within thirt~ (:i0) da~~s after written notice trom the Viertgagee ~tatinQ thP Am~~unt of the deficiencq, which notice msy be given by mail. If st sny time the Mortga.gor ~F;~I) , _ : - - .v:f:=.