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Home My WebLink About0895 T6e Iliort~x~ur hereby co~ enaata vrith the I~iortga~ee~ that he ia inde[eaaibly aeir.ed oi said Lnd in !ee simple or such ot,her estates tf any ea is stat.ed herein; tLat, he hx~ [ull power and lawtul rigbt to ooqvev the sxme ~s aforeseid; that the (and ta iree ~rom sll encumbrances except as 6erein ot.herwise recited; that said~vtortgagor ~viU make such furt6er assurancee to provo We aforesaid title to s~id tsnd in said Mortgagee ue msy be reason- ablyreq uired~ snd thot said Morigago~ doee hereby fully warrrnt the ti~le to said land~ and every part lhereot~ ~ad ~rill defend We same against t,he lawful claima oi W persons whomsoever. PROYlDED ALNAYB ~.bt1, lf ~t10 ~~O~I,~AgOi 6~iU p~y 11IIt0 1~ MO!'1$tgN L~Lti Odi~l~ pi'OD118BOt3l D01A~ oi which t6a following ia ~ substantial ooPy~ to wit: = 30,500.00 Fort Pie ce ~ ~On~' July 31 ~ 1~78 • Foa Vw~.t~~ RscuvsD, the unde~si~ned promiee(e) to piy Lo THE LOMAS 6 NETTI.ETON COMPANY ~ s oorporstion organised ~d e~oistins under the V~ ~ the State of Connecticur °r °~er~ the principal sum ot Thirty thousand five hundred and no/100---_____~~____~__~___~__~ Dollars (S 30, 500. 00 irom d~?te a! t6e *ste ot Nine and one half-------P~* ~tu~ ~ 9. S%) P~ ~~~P~d b~Janoe unW paid. TLe asid principal nud interest ahall be payable st the office of The Lomas ~ Nettleton Company, 175 Orange Street, ~ New Haven, Connecticut 06510 ~ or at sueh other p1aoE as t6e hdder msy deeignste in writia6 delivered or mailed to the debtor, in monthly inataUmenta of ~o hundred fifty-six ~ 51/,100- ~1°r° 256. Sl ~~~?cing on the first day of Sep~ mber , 19 78 ~ an oontmtuna on the firet dsy oi each month thereatter until thia note is fully paid~, except t~hst~ ii not eooner paid, the final payment of principal and interest shsll be due snd psysble on the fira~ day oi Au~st • 2008• privilege ia reserved to prepsy at any time, without premium or fee. a entire indebtednees or sny part thereot aot leas than the amount ot one instaUmeat, or or~e hundred doqars (=100.00), whichener ~s less. Prepayment ia fuU :6alt be credited oa the date received. Partid prepaymeat, other thm on aa jnstdtment due date, need aot be credited untU t6e aext [oUowin` iastaUment due date or thtrty days atter such prepayn~eat, wbic6ever is eulier. If any deficiency in the paym ent oi any installment under this note ia not made good prior to the due dste oi the ne~ct aucL inatallment, the entire principal sum and accrued interest shall at onoe beoome due and ~sy- sble without notice st the option oi the holder of this note. Failure to exercise this option shall not oonatatute a waiver of the right Lo eaercise tLe same in the event of any subeequent default. In the event of default in the payment of thia note, and ii the same ie c~ollected by an attorney at ls~v, the underaigned hereby agree(s) to - psy all coste of collection~ including s reasonsble attorney's fee. This note ia eecured by mort~aRre oi even date executed by the underaigned on oertain property deecribed therein and represents money actua7ly used for the acqu+aition of ssid property .9r the impmvementa thereon. Preeentment~ proteat, and noticA ue hereby waived. . s i~ter . Woerner (gg~L~ . Dieter E. Woerner j~~/ Karen Woerner _ [ggAL] Karen Woerner _ [BEAL] ~ < [SSAL] And ahaq duly, pmmptly, and fully pedorm, discharge, execute, eHect, complete~ and comply with and sbide ~ by each and ever}? the atipulations, agreementa, conditions, and covenanta of said promiasory note and of thia i mortgage, then th~a mortgage and the eatate hereby created ehall oeaee and be nup and void. _ ~ The Mortgagor further covenants as followa: ~ 1. 'That he will psy the indebtedness, as hereinbefore provided. Privilege ia reserved to prepsy at say time~ without premium or fee~ the entire indebtedneas or any part thereof not leea thaa the amount of one installment, or ; one hundred doUus (a100.00), whichever is less. Prepayment in full shall be c~rdited on the date received. Partial ~ prepayment, ot6er t6aa oa an installmeat due date, need not be credited until the next tBUowing installment due date or t6irty days after such prepayment, wttic6ever es earlier. ` 2. In order inorp full}• to protect the securit~• of this mort~a~;e, the Mortgagor, togetl~er with,~and in addition to, the monthl~• pa~•n~ents under th~ tern~s of the note se~urnd hereb~•, on the first da~ of eac}? month until tl?e said note is full~ paid, will pu~• to the Mort~agee, as trustee, (uncler tl~e t~rms of this trust as herein- a(ter stated) the following sums: (s) A sum equsl to the ground rei?ts, d any, nezt due, plua the premiuma t6st will next beoome due and payable on policiea of Sre and other hssard insurance covering t6e mortgaged pmperty~ plus taxes and as.gessmenta next due oa the mortgaged property (all sa estimated by the Mortgagee and of which the Mortgagor is noti6ed) lese all snms already paid therefor divided by the number of montha to ela~pee before one month prior to the dste when such ground rents, premiums, taxes~ and sasessmenta will Lecome delinquent, euch sume to be held by Mortgageeintrusttopayaaidgroundrents,premiums,ta~cea,andspecialassessmenta. ~ (b) The aggregate of the amounta payable puisuaat to subpsragraph (s) and thoaepsyable on the note secure~ ~ hereby, ehall be paid in a single paymeat each mont6, to be applisd to tbe foUowing itema in the order ~ etated ; (I) ground renta, tauea, assessmente, fire~ sad ot6er hasard insurance premiume; (II) iater~at on the note eecured henby; and ~ ~ (III) amortisstion of the principal of asid note. ~ Any deficiency in the ttmount of auch a~re~ate monthly payment ahall, unless msde good by the Mor~ ' gagor pr~or to the due date of the next such payment, const~tute an event of default under this mortgage. . ~ At Morigagee's option, Mortgsgor will pay a"late charge" not eaceeding fow per centum (4%) of any install- I ~ ment when paid more thsn Stteen (15) days after the due date thereof to cover the extre expense involved in f ~ handling delinquent payments, but such "lste charge" shall not be payable out of the proceeda ot any sale msde to satisfy the ~ndebl,edness secured hereby, unless such proceeds are sufficient to discharge the entire ~ indebtedness snd sll proper costs and expenseg secured thereby. ~ 3. If the total of the pa~•ments mu~~ b~ ,the Mortgagor under (a) of pura~:rnph 2 precedinR shall exceed ~ the amount of pa~ ments sctunll~- ma~l~ br tlie ~1ort~;aKee, as truste~, for groun~l rPnts, taxes and assea.cments, ~ and insurance premiunis, as the cese ~na~= be, such excess shall be credited on subsequent pavments to be made ~ by the :VioKgaKor (or such iterns or, ut VtortgnRee's option, ag trustee, shall be refunded to Mortgagor. If, ~ however~ such nwnthh parments sha11 not tx~ suffi~•ient to ps~- such.items when the same shall become due _ ~ and pa •able, then thc I4lortgagor sholl pa~• to th~ Mort~a~ee, us trustee, an~ smount necessary to mske up ~ ~ the de~cienc~. Such pa~-ment sl~ell be ma~1e ~ithin thirt~ (30) da}~+ after written notice from the Mortgagee _ ~ ststing the amount of the deficiency, which notace msy be given by msil. If at any time t e ortgagor shall ~ pq ~ ~ ~~l\~ ' ^~L . _ _ _ . . . ~:s."s~Y v'~ :i a'~.,s^` . ~"kY . 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