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Tt~e Mort~agor hereby covenanta with the Mort{;u~eP~ that, he is indeteaKibly seized ot said land in !ee
~imple or sucb ot,wer estate~ J eiiy ae is etat,ed hereiR; thu~ he hws fu!! powec ~nd Iswful ri~l,t, to cx,ovev Lhc sAme
~+s JorexuiJ; U?6t the land ia iree ~rom sU eocumbrances excepL as herein otherwixe recitecl; that suidhiort~;u};ur
wrill mska such iur~her aeaurance~s to provo the e~to~esaid Ulte I~o eaid land in aaid Mort{~sgee aa may be rexxon-
ably~ey uired, snd that said Mortgagor duee 6ereby fully warrsnL L6e LiLle I~o said Ivnd~ and every pu~ U?erwi~
and witl datead t~he same agsinat t,he lawtul claima of ~tl pereons whomsoever.
PROYI~ED ALNAYe tbs~ 1~ 1t18 ~TOf~9g01' Bb~II pLy UIItO L~e MOf~8g66 C6~~AlA ~1[0[II1K80f~i AOE~~ of
w6ic6 tha following ia t substantial oopp~ to wit:
i 34, Sfl0.00 Ft. Pierce •~On~
October 16 ~18 78•
FON VALUlC R$CSIYiD~ the undersigaed prvmiae(e) to pry Lo
TNE LOMAS ~ NETTI.ETON COMPANY
~ s oorporstion oegaaised aad e~astin~ under the
y~Re the State of Connecticu~ or order~ the principsl sum ot Thirty Four Thousand Five Hundred
and no/ 100-------------------------------Dollara 34, 500. 00 with interest !rom date ~t
the nte of Nine and One-Half------ per oeul,um ( 9. S%) P~ +~um on the unpsid balu?oe uatil paid.
The eaid principsl and interest ehall be payable at the o~ice of ~E LOMAS b NETTLETON COMPANY ,
1~75 Orange Street
is New Haven, Connecticut 06510 , or at such ot6er p1soE sa t6e holder msy deaignate in writing
delivered or mailed to the debtur, in monthly inatall~nenta of 'I~to Hundred Ninety and 15/100---~0~
t: 290. 15 commencing on the firet dsy of December . 19 78, aad oontinu+n~ on the
&ret ~sq of ench qi~n~h ther@after until thia note is fully paid, e~ccept thst~ if not eooner pud, the fiaal psyment
o! principal and in~erest shsll be due and psyable on the &ret day oi November ~ 2008 .
privilege ig reserved to prepay st any time~ witLout premium or fee, the entire indebtedneae or sny part
thereot not less than the amount oi one instillment. or one hundred doUus (;100.00)~ whichever is Iess. Ptt~ayment In tull
::-.!D ~ rr::K~ :,s. ::e ;at~ .n~::r~. °:rtiai prepayment, other than on an inaWiment due date, ~eed not be sredit,ed until
the ~eYt [oilowin~ insWlment due date or thfrty days atter wch prepayment. whichevet b eulier.
If sny deficiency in t,he psy ment of sny installment under thia note is not msde good prior ta tho due date
ot the next auch inatsllment, the entare principal sum and accrued intereet shsll at once become due and pay-
able wit6out aotice at t6e optaon ot the holder of ttus note. F'Wure to ezerciae this option n6all aot oonsWtute
a waiver oi the right to ea~ercise the same in the event oi any subsequent delault. Io t6e event oi defeult in the
payment.o! tbis nole, and if the same ie collected by an attarney at law, the undersigned hereby agree(s) to
pap all coste ot collection~ including a resaonable sttomey's fee.
This note ia eecured by mortgage o! even dat.e executed by the undereigned on c~ertsin propertp deBCribed
therein and repreaents money actually used for the acyuisition of eaid propetty or the improvemente theraon.
Presentment, proteet, and notic~+ are hereby wsived.
/s~[__
Aanny~~_ ea=d [sEAL]
DANNY K. BEARD
L~1__~ashX~_ ~ar~~_._----------------------~[~?Ll
CATHY P. BEARD
` _ [SEAL]
,.F__--___ ~SEAL~ -
Md ehall duly~ promptfy~ and fuily perform, discharge, execute~ ef[ect, complete~ and comply with and sbide
~ by each and ever~ the stipulationa, agreementa, conditiona, and covenanta of said promiseory note and ot thia
j mortgnge, t6en th~a mortgage and the eatate hereby created ahall cease and be null and void. "
The Mortgago~ further covenants se followa: .
~ I. That he willpa
y the indebtedness, ea hereinbefote provided. Privilege ia reserved to prepay at aoy time~
~ without premiuro or tee~ the entire indebt,e~r?eag or aay part thereof not leas than the amount of one inAtallment, or
one hundced dollus (~I00.00)~ whiclxver is less. Prepayment in [utl shatl be credited on the date teceived. Partial
~ prepayment, other than on an installment due date. need not be crediled until the next [ollowin~ instaliment due dale or
ttiirty days after such prnpayment, whichever is rarlier.
~ 2. In order ~~~or~• fu{I}• t~, prote~~t th~ s~•~•urit~• ot this mort~a~~, Uie Viort~a~or, tog~thrr with, and in
~ a~l~iition to, th~ inonthl~• pa~•m~nta und~r U~~ t~rrus of th~• n~tP e~curnii hprphy, on the first dav of i•a~h monlh
~ w~til tL~ sai~l n~~t~~ is full~• pui~l, K1II O!i~" ~O LIIP :~1~rtKa~,~~~~•, ru; trus~~•r, (uu~lrr th~ t~~r~ns of this trust e.g hrr~in-
e(t~r ateted) thc foliowiuK gwns:
~ (s) A aum equaf to the ground rente, if any, neact due, plua the premiums thst aill neact beeome due and payable
~ on policiea of Sre and other hasard inauranoe covering the mortqeged propert,y, plus taxes and ~aeagments
6 neact due on the mortgaged property (sll aa eatimated by the Mortgaqee and of which the Mortgaqor is
; noti6ed) leae all euma slready paud therefor divided by the number of months to elapee betore one month
~ prior to the dsts when such ground rents, premiuma, taxes, and aeaeasments will recome delinquent~
~ euch eumn to be held by Mortgageeintruattopaysaidgroundrents,premiuma,taxes,sndspecialaa,9easmenta.
s (b) The agqregate of t6e amounta paynble pureunnt to aubparagraph (a) snd thc~eepay able on the note secu~ed
~ hereby, shall be paid in a eingle psyment each month~ to be applied to the followinq items in the order
= stated
(I) ground rente, ta~cee, seeeaatnente, 5re~ und other hasard inaurance premiums;
# (II) intereat on the note eecured hereby; sud
r (III) amortization of the principal ot eaid note.
~ Any deficiency in the amount of auch a~~rPQate monthty payment ahall, unless marie Rooci by the Mortr
gagor pr~or to the due date ot the next su~h paymenl,, congt~tute sn evenL oI detault under this mortgage.
~ At Mortgngee's option, MortRagor will pay a"late cl~ar~e" not eaceeding four per centum (4°Jo) ot any inataU-
° ment when paid more thsn Stteen (15) clnys alter the due date thereo[ to cover the extra expense involved in ~
; hendling delinquent psyments, but such "late charge" shall not be psysble out ot the proceeda ot sny sale
_ made to satisfy the mdebtedne~s se~ured hereby, unlea4 such proceeda are sufficient, to d~scharge t,he entire ~
indebtedness and all proper costa and exQenaea secured thereby.
£ :i. If th~ total nf tlu• pa}-uu•nts ruuri~~ b~• tl~P MortKn~;or und~r (e) of pur~raph 2 prN~~dinR ahall ~xceed i :
thP atnnunt pe~•ine~nls nrlunllv iua~l~ t,~• r~u~ ~tortKnKi~~•, as trust~~, f~r Kroun~l rrnts, tax~ end ai+.gesxments,
~ and insurnnce pr~iniwns, u.g thr ~•a5~ ma~~ b~•, suc•h ~xc~s sl?ell b~ ~rP~lit~~~l on sul,s~•yu~nt paYments ~o be made
; by tl?e 4[ortKaE;or for xu~~l~ it~~us~ or, ut ~1ortKaK~~~'s ~rption, +u~ trust~~, sha11 bP r~tunded to Mort,gaE;or. If, ~
~ how~vpr, au~}~ n~r~nthl~• pa~~mrn~x ~hull n~t IN~ 5ufiirirnt tn pe~• su~h it~~«s wh~n Il~e sari?e ahall brcoine due ~
and pu~•abl~, thrn th~ ~1~rrt{~e~~~r ;ha~ll pn~• 1~? th~• ~1on~.•n~r~,~, u~ ~rust~r, tin~• ainount ne~e~sery to make up
th.~ ~I~~ri~~ltr~'. tiurli pu)'In~•n1 sfinl) b~• ina~i~• K•i~hin tl~irt~• ~:t0/ ~la~-v uflrr writtc•n notice fmrn t}~P '~'fortKa{~e~ '
' 4r~,tin~ tl~~• :trr;n~i;~t eh~• <leficiency. which notir.e may be qiven 1?y maii. 1f al sny time the Mortgagor e};~'I ~
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