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Home My WebLink About0355 The Mottgagor hereb~ covertsau with the Mortgage~~ th~t he is indeteaaibl .e~ oi .ya ~a r~ ` ample or such ot,het eatate~ J any as is stat~d hereia; tha6 he haa full power at~d I~~ut righL to oop~av t6e si?me as ~foresaid; th~t tLe tand ts Irea ~roaa a!I e~cumbrauoes except as berein otLerwise recit,ed; Lh~t s~idlvtortgagor aill make such furt~6er aesuranoes to pm~4~the atoressid ut1~ t~o said land in said Mortg~gee as m~?~ tx+ resson •b~y~req uired~ and tluut said MQregag~or does bendy full ~rurant the title to eaid LAd, and evcr~ part I~hareof. ' aad wiU detend the ~uns agsinst tbe lawful a4imo ot ~ pe~~aas whomsoevar. ~ PxovtDSn AL~vAirs thst it the.~io~tgag~or ahaU pa~ unto tLe Mortgages ihat oertaio pmmisso~ry note, oi ' which We icllowing is ~ subatantial ooPJ, to wit: • ' --t32-~-~00~06--- , t- Piarra I~ar~da. ~ - Juae 19, ,19 78 • ~ Fvie Vni.vs Rscsrvsu~ tbe underai~ed promi~e(s) to p~y to The I.omas 6 Nettleton Coapaiqr ~ ~ . h ~ . , ~ s oo:pw~avon or~amsed aad e~ostm6 under tde ~ ! laws a[ Tha State of Connecticut. o* order. the pcincipRl eum af ~~ty..~p ~ousand f ive hundred ~ and no/100---------------•-------------•~allars (t 32,500.00 with interest. fe+om date at tbe rate of.Niae and no/100----•----Pet aatum ( 9.0 P~ aanum on the unpaid balance unW paid. The aaid principsl ~nd interee~t ehalt be psysble st the aBa of Tbe I.vmss b Nettletoa Co+mpany, ~ - 175 Orangs Streat, in Naw Haven Comnecticut 06510 , or ~t such other pluoe as t~he holder may deei~aate in writin~ delivee~eid or mailed to t6e debl.or, in monthly inatallmente ot ~ hundred a~-ona and 63/100~ 261.63 commenc;ng on the firat day of August , 19 8, and aontinuioa oa tbe first d~ oi e~?ch month thereatter until tbia note is fully pud, exoept that, ii not sooner paid, the final psymen~ oi princapat aud interest ahall be due antl payable on the SreL daY oi Jul 20p8 . Privil~ege is reeerved to prepsy st any time~ ivitbout psemium or fee. ~e eatire indebtedness or an~ p~r0 - thaeoi aot las thaa tLe amount of one inKallment, or oae hundired doUus (=lOQ~.00)~ whichever. ic ku. Pcepaymeat ia fnll ~aU be credlted oa tLe d~te recei~red. Partial peep~ydxnt, other than on an installnfent due date~ aeed aot be credi~ed uadl - the aezt fdlowfnt indaltmeat due date or thirty days att~ wch prep~ymeot, r?hlcbe~rer ~ rulier. Ii ~ny deficiency in the peymeat of any installment under tbia note is not mada good prior to the due d~te of tLe nest such inataUment, the entire pnucipsl sum and accrued intereet a6all st once beoome due and ps~- sble ~rithouti ao.tica ~t the option oi the holde'r oi thia note. Failure to ezerciee this option shall not oonstatut,e •~v;iver oi the ri~ght b esercise the ssme in the event ai sny snbeequent default. In tbe avent oi dafault in the psyment of thia note, and if .the s~me ia collected by an attorne~ at'law, the iunderaigued hereby age~ee(s) to ~ ps7 sU oosts__of oollection, including a ressonabla attorney'a fee. ~ This ~te is eecured by mortgage oi even dste eiecuted by the nndersigned on oe~rtain property described tLerein sad repreeents money actually used for the ~oqeiiaition of said properLy os tbe improvemeute there~n. Preeentment, protest, and aotion are hereby waived. • ' . /s/ Killiam T. Barkep, Jr. ~ - Williaa~ T. Barkey, Jr. /s/ ILatherine L. Barkey Rat6erine L. Barkey - [~.7 [~.l And ahali dvlY~ Promptly, aad fully pedoran, discharge, execute, e8ect, oompkte, und comply with und abide by eacb and eves}r the atipulationa, ag~+eements, oonditiona, u?d oovenauta of eaid promiesory note and ot this ~ mortgage, tbea this mortgage and the eatate hereby crested ahall ceaee and be naU and void. The Mort~or furt6er oovenauts as follows: 1. T6at he wil[ p~y the indebtednesn, se hereinbefore provided. Privikge ia ~+eeerved to PnpaY at any time, without premium or fee, the eatire indebtedneas or any part tLereof not lees thau the awoant d one inatallment, or oae huddred dollus (;100.00), w6ichever is lesa. Prepayment i.a tuD sbsll be credited on tbe dste teceived. partial peepryment, other than oa m inatallmeat due date, need not be credited until the next tellowiag installment due date or thirty drys after suc6 PteWymet~t, wbkAe~er is eattier. 2. In order nwre tullti to p~+otect the securil~ ot this morigage, the 4lorigs~tor, together with,~and in _ addition to,~the monthh• pa~ments under the terms of the note secured hereby, on the first da~ of each month until tl?e said note is fu71~ paid, will pay to the Mortgngee, as trustee, (under the ternis of tl~is trust as herein- after stated) tl?e tollowing~su~ns: (s) A eum equal to t6e ground reata, if any, nezt due, plua t??e pnemiuma thst will next beoome due and psyable oQ policiea af 5re and.at6er has~rd in$uraace covering the mortBaB~ P~P~Y. Plus tsxes and assessmente neut dae an th~ mortgaged Property (all aa eatimsted by the Mortgagee and of which the Mortgagor is notiSed) leee a1T euaos ~ psid therr.Eor divide~ by the number of months to elapee before one mont6 prioc to the date whea su gcound reata, premiuma, taxea, and saeessmenta Aill beoome delinqueat, wch aums to be hdd by Mortgageeintruattopsyaaidgroundrents~premiume,teucee,andspecialaeseasrnenta. (b) T6e a8~?te ot the amounts ps able pnneuant to aubpsragr~ph (s) and thoeepay~ le ar the note Recured ah611 ba paid in a~ng~e PsYmeat eac6 month; to be apptied to the f~awin6 items in the order ~ 6~nd ~mta, fire, aad other hassrd insurancx premiums; (II) mt~reat an the note secu~+ed hereby; aad ~ (I~n amortis~tion d the principal o! asid note. - , Any deficiency in Lt~e amount of suchaggregate monthly paqment shall, unlesa made good by the Morw ' ~ gagor pr~or to the due date of ~the next such psyment~ const~tute an eveat of default uader thia mortgage. ~ At Mortgsgee's option, Mortgagor will pay s"let,e cl~srge" not, ezoeediag fow per centum {4~fo) o! any mstall- ` ment when psid more thsn Siteen (15) days a(ter the due dste thereof to oover the extrs expense involved in _ handling delinquent payments~ but such "lste charge" shall not be psysble out of the proceeda of any s~,le ~ ~ made to astisfy the indebt~ndness secured hereby, utilese such proceeds are sufftcient to diacharge the eatire ~ indebtedness and all proper coata arid earprnses secured thereby. ~ 3. It the total of the pat•~nents mad~ .b,• the Mortgugor under (a) of paraE*rnpl~ 2 preceding shall exceed the amount of pa~ments actuall~ madP b~ tt'e !~4ortga~ee, as truatec~, for ground rents, taxes and aasesamenta, ~ and insursnce prnmiun~s, as the case ma~ be, such excess shall be credited on sub~equent psyments to be•made by the Mottgagor for suct~ itencs or, at. MortgagPe's option~ sa trustee, ahal! be rntunded to Mortgagot, I!, hoWever, anoh montldy pa~ments sl~all not Ix~ auffiripnt to ps~ such ite~ns when the same ahall become due- W ~ and pa~yable~ then the Mortga~;ot shull pa~ to thc vfort~e~ec~ os trustee, anf amount necessary to meke up the deficiency. Such pa~ment sl~all be m~ie witt~in thin;v (:i0) dsvs efter vrritten notice from the Mortgagee ststing tbe amount of the deficiency~ which notice may be given by mail. I! at any ta,me tbe jylortgagor ~ ~ ~ ~ , ~ w ~ ~ ~ ~ . X~ ~ ~ ~ - ~ _ >.~x