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The Mortgagor 6ereby coven~nta w?ith !be Mortg~e~?, that he is iade[eaaibl ~eiz,ed oi wd Lnd in tes ;
ample or such other estat,es J ang aa is stsl,ed hetein; tha6 he bas full power ~?nd l~~ul right to ooo~e~ the si?ms ;
~t ~to~eeaid; U?a~ tbe laad ~s iree from aU eacwiobrances escept ~s hereia ol~herwise recitad; th~t wd~iortgagoe ;
will aulce such turt6er aaur~nces to prove fhe atorosaid Wtle w said laad in said Mortgsgee a~ Qu~ be re.aso~ ~
abl req uiced, ~nd that aaid Mortgagoe does hereby tull ~ruran` the tiLle to s~id Wid, and eoer~ parL theceot~ ~
an~wiU detend the ~ao~e agsina~ the lr?wiul claiaw o! ~ per~son~ whomsoever.
PROYIDSD ALw/AYS t,h~t it the Aiortgagor shall p~~ unto ths Mortg~es fhat oertaia promi~wr~ uote, oi
which tbe tollowing ia ~ substaatial ooPJ. to wiL: -
= 2g~spp~pp Ft. Pierce .I~locida.
. November Zl ,1~7g .
Fat Vwws R~cstvsn~ the uadereigned pronaise(s) to psy to
~ inw?c ~ ~~-r[.R'InN c~ot~Arnt . . . ,
- - - ~ A 6~aiNJp i7i~t~ ~`~e~.~+g ii~[ LiiB .
4~ the State of Coanecticut~ ~~r~ the principal aum ot ~'j'Y-EIGHT 1HOUSAND FIVE
HUNDRED AND NO/ 100--------------------- Dollars 2$, 500. 00 witb iatere~t irom dste at
t6e rste d NIN$ • 1~ND ONE-HALF-------per centum ( 9. 5%) Per ~naum an the unp~id balaaoe nnW paid. ~
T6e eaid principal snd interest shaU be psyable at the o~ae ot ~ i.oMns a r~Tr[.ETON oor~nrnt, '
175 Orange Street,~
in New Haven, Connecticut 06510 . or at siech otbu plaoa as tbe bdder m~?y de~ate w writioa
delivered or maikd Ro the debtor~ in monlhly installments ot 14T0 HUNDRED TNIRIY-NINE b69/ 100 Dollus
239.69 ~?~c~6 ~ ~e ~ d+?y ~ January . 1~ 79 . ~ ~~~E ~ ~ ~
firat d~~ oi each month t6ereafter until t,his note is fully paid, ezoept tba6, if not sooner_paid, tbe 6ns1 paymeati
oi principal snd uiterest shall be due and payable on t6e first day oi December , 2008. ~ .
pri~ile~e is nserved to prepay st sny time, ~vitbout preminm or fee. the entire iadebtednees or any gar!
thereof not las Waa tM amount ot one iAdiUmeat, or on~ huadced do1Ws (=100.00), wAkhehe: is ia~. hepaymeot ia tull
shai! be eredited on tlie date receired. P~rtid prep~ymeat, oth~r thm oa an ~stallment due date. need not be credited untll
We aext [dlowin= iauallment due date or tblrty dtyt dter wc6 prep~yment, wfiicheaer i~ esrli~. .
If an~ defieieney in the paymen t oi any i~tallment under tbia note ia not made good prior t~o fbe due dats
oi the ne~ct such instsllment~ .the entire principsl sum and accrued intenst a6a11 at oaoe beoome due and pay-
able ~?ithout notice at tbe op4on ot the holder of tLis note. Failure to ezerciee this option ahall not oo~utnte
• wuver of the right to azerciae the same in the even~ oi sny aubeequen6 default. ~In the e~enL oi deiault in the
psymeAt oi this aote, snd if the same is collected by an attorne~ at law, tLe undersigned hereby agree(s) to ~
psJ sll costs oi uollectioa~ includiog a reasonable attorney's fee.
This note ia secured by mortgage of even dste e~cecuted by t6e underaigned on oett~in property deacribed
tberein and npreaents money actually~used tor the acquiaition of ea?d prope~ty or We improvements ihereon.
Presentment~ pmteBt. and noticA are 6ereby vraived.
, .
ls[- Silas E. Richardson _ (g,~L~
- SILAS RIQiARDSON
~L ~S1SS~Y$ Vir~i~ia Richardson _ [ggRL)
~ GLADYS VIRGINIA RIQiARDSON
[~?L]
[ss~?~.)
And ahsll duly, pmmptly, and fully perform, discharge, execute, eQect, complete, aad oomply wiLh aad abide
Lis
by each and ever~r tbe atipulstiona, agrcemeate, conditiona, md covenanta of said Promiaeory note aad oi t,Lis
mortgage, then L6~s mortgage and the egtate henby crested ahall ceaee and be nuU aad void.
The Mortgagor further oovenenta aa follows:
l. Thst be ~vill pay t6e indebt~ness, ae hereiabefon provided. Privilege ie nserved to PrepaY at any time,
without pnmium or tee~ t6e wtire indebtedneee or aay psrt ther+eof not le~s than t6e amount d ane inatallment, or
ooe hundred doUars (a100.00), whic6ever ie less. Prepayment in [ull ahali be credited on the date received. Partial
preprymeot, other than on aa'installmeat due date, need not be credited until the_next [Opowing installment due date or
thirty days after sud~ PreWYment, w6ichever is earlier.
2, ln order inorP fullv to protect ttie securit~• ot thia mortgage, tl~e :Vlortga~Cor, together with,~and in . :
addi~ion to, the ~~~onthl~• pa}•n?ents under the terma of tiie note sPCUred h~reby, on the first da~ of each month ?
until thc said notc is fu~lv paid, wil! pa~ ~o the MonRa~e•e, as trustee, (under the terms of t.his trust as herein-
after steted) the (ollowing swns:
(a) A eum equal to t6e ~nd ceute, ii any, aext d~e~ plue the premiums t6st will nezt beoome due and psyable
~ on policiea ot fire and other hasard inaurance covenng t6e mortKBBed PI'oP~Y. Plua taxes u~d aesessmenta
neut due on the mortgaged pmperty (all aa eatimated by the Mortga6ee.and of which t6e Mortgsgor ia
notiSed) lese all auma ulreary p~d therdot divided by the number af moatha to ~ before aie month
prior to the dete wben aucb grouad reate~ premiums, taues, and aaemsmmts become delinquent,
such sums to be held by Mortgageeu?truattopsyesid6e+oundrenta,precaiuma„ta~cee,andspecialseeesemente.
(b) T6e aggregate of the amounte ps able pureuaat to subpsragrsp6 (a) and thoeeps le on th~ note ~ecuc+ed
he +ed
shall be paid in a aing~e PsYment each monLb, to be applied to tbe f owins itema in tbe ord~
(n gound t+aits, taxea, aae~smmta, fire, aad other 6asard insuranoe premiums;
(In int~rest on the note secured herebq; aad ~
~
(IIn amortisation ot t1u principsl of ssid note. ~
Any deficiency in the amount oi aucha~re gate monthly psyment shall, unlese made good by the Mort-
gagor pr~or W the due dste ot the next auch psyment, const~tute an event oi detault under this mortga~e.
At Mortgsgee'e option, Mor~gagor will pay s"late ct~srge" not exceeding tour per centum (4%) ot any install-
ment when paid more thaa Stt~een (15) dsys after tF~e due dste thereof to cover the ex~ra expense involved in
bandling delinquent psymenl,e~ but auch "lete charge" ahall not be psyable out of the proceeds of any sale
made to sat~afy the mdebt~dness secured hereby~ unle,ss such proceeds are suff'icient to d~scharge the entin
indebtedness and all proper costs and expenses secured thereby.
3. If the total of thP pat•~nenta metir b,• the :Nortgugor under (a) of para~rnph 2 precedinR ahall exceed
the amount of pa~ment~+ actuall~ u~a~l~ b~• tl,e :~iort~{aKee, aa truate~, for ground renta, taxe~ and saseaaments,
and insursnce pr~iniw~~s, as th~ case mar be, such excese ahsll t,e credit~d on subsequent payments to be made
by the :ldortgagor tor su~h items or, nt Mortgn~{Pp's option, ~a trustee, sha)1 be refunded W Mortgagor. If, !
however, such monthly ps~•ments shall not lx~ suffi~~ient to ps~• such itema when the same shall become due ~
' and pa •able, /hen the MortgaRor sl~all pa}• to the :1~tortRa~e~, as truatee, an~ arnount neceesar.y W make np ~
~ the de~cienc~. Such pa~mcnt shall be ina~le within thirt~ (:i0) dn~~ atter wtitten notice !rom the Mortga~ee
etating the amount of the deficiency~ which notice m~y be given by mail. It st any time the Mo}tgagor ~ha1] ~
~ R'~~~ 298 " ~ ~Z ~
.5~,~'y ~ .f~ -~T-e~~y Y +r
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