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Home My WebLink About0475 ~ ~ The Mortgagor hereby covenaata wilh tbe Mortgagee~ thst he is indefeaaibly seized of ssid lsnd in fee simple or such ot~ber eststet J a~y as ia atst,ed herein; that he has tull power ~?nd lswtul righL Lo ooqvev the snrae •s atoresaid; tha~ the land ts iree ~rom eill encumbraaces except as berein otherwise recited; th~L said~iortgagur will malce auch furLher aesurances to pmvo the atoresaid Litle to said land in said Mortgagee ~s may be reason- •bIyreq uired~ snd that said Mortgagor Joes hereby fully w~rrant the tiWe to said laad~ snd every pu6 W?e~eot~ and will defend the same againat t6e l~wtul cl~ims oi all peiaons whomsoever. PROVIDED ALNAYS thS~ lI ~b8 ~iO~~dgOi BhYu pi~ 11IIL0 Lbe MOILg~60 00[t81D pi'OInlS8017/ DO~~ oi ~vhich t6e tollowing is a subatwtiol ooPS~ to wit: i 29 ~ 200 . 00 . Ft . Pieroe , Flaida. Febn~ary 28 .1~19 . FOR YALUZ RSCtIYiD~ the undecsi~ned promiee(a) to pay to Zt~e Iomas & NettLeton Ca~any, a Ca~mecticut oorporatirn with pri~icipal pla~oe of business aG 175 O~ ~e Stx+eet , New Navett, ~tiLVt . s oorporafaon orgaai~'~ad eastma under the bwa of Cotm~ecticut . or eo~ pnncapal sum of ltaertty-Nine ltious~3 ~tao thartdred and No/100----------------------------- Dollars (=29,200.00 with inter~st lrom dste .L the rste ot Nine Std cxte-hslf Per ceaLum ( 9.5 P~ annum on the unpaid balanoe until p?id. The eaid principal vnd iaterest ehall be psyable st the o~ce ot The I~oona.s & Nettleton Co[[Qa1y, Z75 Or~nge Street, New ~iaven, Carmecticut 06510 in Co[ttlecticut , or at euch ot6er p1aoE aa the hdder msy dcsi~ste in writing delivered or mailed to t6e debtor~ in monthly installmenta ot ~o Hu1c3~+ed Forty-FYve & 57/100-~ollare (i 245 . 57 co~r?mencin6 on t6e firs~ day of April , 19 79 , and oontinuing on the first dsy oi each month thereafter until this note ie fully paid~ e~cept thst~ if not eooner paid, t6a final payment of princapal snd interest shell be due and psyable on the firs~ day oi ~ 2009 . privilege ia reserved to prepey st any time~ without premium or iee. the entire indebtedneas or any psrt thereof aot less t6an the amount of oae installmeat, or one hundred doUus (;100.00). whichever is less. Yrepaytnent in full shall be credited on the date received. Putial prepayment, other than on an installment due date. need not be credited until We next [oUowing installmeat due date or thlcty days dter such prepayment. whicherer is earlier. Ii any deficiency in the paym ent of e?ny inatallment under tLia note is not made good prior to tha dua date of the next such inatallment, the entire pr~ncipal sum and accrued interest shall at once beoome dua snd ~psy- able without notice at the option ot the holder oi this note. Failure to euercise this option shall not oonstitu~e a waiver of the rigLt to e~cercise Lhe same in the event ot eny subeequent defeult. In the even~ of default in the payment ot this note, and it the ssme ia collected by an stitomey st law, the underaigned hereby agree(s) to pay sll eosta ot oollection, including s reasonable sttorney'e fee. Thia note ia secured by mortgag_e of even date eaecuted by the undersigned on oertain property deecribed therein and represents money actually used for the scquisition oi said property or the impmvemente thereon. PreBentment, pmtest, e?nd noticp, are hereby waived. , - [~?L] ~ E . ATd~R - [~?L] ~ _ ~s~,~ ~ - (s~L) And shall duly, pmmptly, and fully perform, discharge, execute, etiect~ complete, and comply with and abide by each and every the stipulations, agreements, conditions, and oovenants of said promissory note and of this mortgage, then thia mortgage and the estate hereby created shall cease and be null and void. The Mortgagor further covenants as follows: 1. That he will pay the indebtednesa, as hereinbefore provided. Privilege is reserved to prepay st any time~ ~ without premium or fee, the ~ntire indebtedcie~s or any pert thereof not lesa than the amount of one installment, or t one hundred dollus (a100.00), w6ichever i~ less. Prepayment in [ull shali be credited on the date received. Parti~l prepayment, other than on an installment due date, need not be credited until the next following installment due date or ~ thirty days after such ptepayment, whichever is earlier. 2. In order n~ore full~- to protect the securit~- of this mort~age, the :~iorigagor, together with, and in ~ addition to, the monthl~• pa~-~nents under 1h~ terrns of t)iP note secured }iereb~~, on the first da~ o( each montl? until tl~e said not~ is full~ paid, wi11 pa~• to the ~1ort~a~~e, as truxtee, (under the terms of this trust as herein- ~ after stated) the fullowing smns: ~ (a) A aum equal to the ground rents, if any, next due, plus the premiums that w?ill next become due and payable " on policies of fire and other 6asard insurance covering the mort~aged property, plus taxes and asae.4smenta ' next due on the mortgaged property (all as eatimated by the Mortgagee and of which the Mortgagor is ~ noti5ed) leae all aums already pa~d therefor divided by the number of months to elapae before one month _ prior to the date when such ground rents, premiums~ taxes, and assessments will recome delinquent, ~ such sume to be held by Mortgageemtrusttopsysaidgroundrents,premiums,ta~cee,aadspecialassessmenta. ' (b) The aggregate of the amounta pa able pureuaat to sabparagraph (a) and thoae payable on the note t~eecured c ~ hereby, shaU be paid in a sin e payment eac6 mont6, to be applied to the following itema in the order atsted (I) ground rents, ta~cea, assessmenta, fire~ and other hasard insurance premiuma; (II) interest on the note secured hereby; aad _ (III) amortirstion of the principal of eaid note. 3 Any deficiency in the amount of such a~re~ate monthly payment ahall, unleas made good by the Mort- gagor prjor to the due date ot the next such payment, constitute an event of default under this mortgage. ~ At Mortgagee's option, Mortgagor will pay s"late cbarge" not exceeding four per centum (4%) of any install- ;~t. ~ ment when paid more t6an fi[teen (15) days a(ter the due date thereot to cover the extra expense involved in " < hsndling delinquent payments, but such "late chnrge" shall not be payable out of the proceeds of any sale O made to satis(y the ~ndebtedness secured hereby, unless such proceeds are sufficient to d~scharge the entire ~ indebtednesa and all proper c.osts and expenses secured thereby. ~ 3. If the total ~f the pa~-inents mn~1~ hv the Mort~ngor under (a) of pnra~raph 2 precedinq ahall exceed ~ : ~ the amount of pa~•ments actuull~~ n~s~l~ b~' tfie ~tortKa~ee, as truste~, for groun~l rents~ taaes and assessments, ~ ~ and insurance pr~miun~s, as the case ~na~~bF, such excess shall tx~ credited on suUsequent pa~•ments to be made : bv the '.4iortga~;or tor su~h iterns or, ut Mortgu~~P's option, a~ trustee, shall be refunded to Mortgsgor. If~ ~ ~ however, su~h monthl~• pa~•ments shall not tx~ guffi~•iPnt to pa~• such itenis.when the same shall become due .~j s and pu~•able, thei? tl~c tilortga~or shall pn~• to th~ ~1ortRe~P~, us trtistee, an.• amount necessery to make up V1 thP de~ici~nc~•. ~u~h pa~•ment sl~oll br nia~le within thirt~ (:i0) da}•s nfter w-ritten notice from the :14ort~~gee ~ 9!atire th~ amnunt ~f the deficiency, which notice may be given by rnail. If at any time the Mortgagor PI?ri~~ ~ . - ~ - - ~ -'n ~ ~ ' ' ~ ~au'--z- s ~~a ~ ti 5 ~ ~ - i ~ ~ .~as 2` _ ~i".o v rL - ~ . _