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Home My WebLink About0881 i The Mortgsgor hereby covenants with tLe Mortgagee, that he ia indetes.~ibly seized oi said laad ia fee aimple or such other estatet J any sa is stat,ed hecein; that he has tull power and lawiul right t,o oouvev the seme as ~foresaid; Uho~ t.Le land ia ires ~rom all encumbrsaces except as herein otherwisa recit~; th~t saidlvlortgu~or ~vill make such furt~ber ~ssutances b ptovo t6e aforesaid title to said lsnd iu said Mortg~gee Ys msy be rexson- ublyrequiced, and that said Mortgegoc does hereby tullp wuran6 the title to said land, and every put thereot~ and wnU defend the same ~gsinat ~he l~wful claims oi all persons ~homsoever. PROYIDED ALNAYS tLaL 1~ ~b8 ~~Ol~~OI BbiU ~1~y UIILO Nl0 MOI'1$YgN Cs~kin j1fOm1880l~i QOW~ oi ~ which the following is a substaati~l ooPS. to w?t: ; i 29 , 200 . 00 Fort Pieroe , Ftocida. ~ Febn~ary 28 ,19 79 . ~ r Foa Vws.us Rscsivsu, tbe unde~ed pmmise(s) to pay to ~ 1he I~a~s & NettLeta~ Carpany, a Can~ecticut ooYporatiai with pr3ncipal plaoe of business a~ 175 Ora~ge SCreet. New Nav~en, Cornlecticut , s oorporstionN~org~nised~hovsatd~ltao~Hin~d laws of CauteCtiGUt . or order, the priacipal eum of 1~enty- and No/100------------------------------- Dollsis (=29,200.00 with interest lroa~ date at Lhe rate ot Nine s~d orbe-half per oentum ( 9. 5 Per maum oa t6e uapaid balanoe until paid. Tbe eaid principal and interest shall be payable st the o~ce of 1he Loat~s & Nettleton Co[[pffi1y, 175 Orar?ge Street , New Navesi , Cormecticut 06510 in C~o[nleCtiCUt ~ or aL wc6 other plaoe as the holder may deeignste in ~vriting delivered or mailed to the debtor, in monthly instsllments of Tt~ Iit~dred Fo2t.y-Five & 57/140 Doilare ' (i 245.57 ~~~c~g ~ ~8 ~ ~y ~ AP~1 , 1979 , aud oantinuin~ oa the firati dsy oi each month thereuiter until Lhie note ia tully paid~ except tLat, ii not sooner paid, the final psyment oi princ~pal and intsrest shall be due and payoble on the firet day oi March, 2009. ~ . privilege is reserved b prepsy at sny time, without premium or fee, the entire indebtednees or sny psr6 thereo[ not leas than the amouat of one installmeat, or oae hundred doUars (=100.00), whichever is less. Ytep~yment in tull d~all be credlted on the date received. Putial prepayment, other t6an on m instaliment due date, need not be~credited until the nent fdlovrin` installment due date oT thirty days a[ter such prepayment, whic6ever is euiier. H any deficiency in t6e paym ent oi any installment under tLia note is not made good prior to the due dste of the next auch inate?llment, the entire principal sum and accrued intereat shall at once beooma due and Fsy- able without notice at the option of t6e holder of t,hia note. FWure to ezercise this option ahsll not oona4tute a waiver of t~he right to ezerciae t6e saine in the eventi of sny aubsequent defaul~ In the event oi detault in the payment of this note, and if the same is collected by an attorney st law, the underaigneii hereby agcee(s) to psy sll costa of collection~ includiog s reasonable sttorney'e fee. Thia note is secured by mortgsge of even dete executed by the unde~signed on oertain property described therein and represeats money actually used tor the acquisition oi esid pmperty or tLe impmvements thereon. Presentment, protest, and notice are 6ereby waived. _ ~ f E. P ~ ~ ^ ~ • _;C"-~?t-K=~='! - LEBRA L. PE1I~KER - [~l ~ [SSAL] ; And ahall duly~ promptly, and fully pedorm, discharge, execute, eRect, complete, and comply with and sbide ~ by each and every the stipulations, agreements, conditions, and covenants 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 oovenants as followa: ~ 1. That he ~vill paq the indebtedness. ss hereinbefore provided. Privilege ia reaerved to prepay st any time, ~ ~rithout premium or fee, the entire indebtednesa or any part thereof not leas than the amount of one installment, or ; one hundred dollus (;100.00), whichever is less. Prepayment in full shall be ctedited on the date received. Partial ~ prepryment, other than on an installment due date, need not be credited until the next following installment due date or ~ thirtyr days after such prepayment, whichever is earlier. . ~ 2. In order more full~ to protect the securit~• of this mort~ege, the Viortga~or, togett?er with, and in ~ addition to, the ~nonthl~• pa~•ments under the terms of tl~e note secured hereb~•, on the first da~• of each month ~ until the said note is fu~l~ paid, will pa~• to the \+iortRag~e, as trustee, (under the tern?s of this trust as herein- ~ ~ after stated) the (ollowing su~ns: ~ (s) A sum equal !o the ~ound renta, ii any, nest due, plus the premiums that will next become due and payable a on policiee of fire and other haaard insurance covering t6e mortgaged property~ plus taues and asse.ssmenta ~ nezt due on the mortgaged property (all sa estimated by the Mortgagee and of ~vhich the Mortgagor ia ~ notified) lese all auma already paid therefor divided by the number of months to elapee before one month ~ prior to the dste w6en such ground rents, premium8, taxes~ and assessments will become delinquent~ - ; such sums to be held by Mortgageemtruattopaysaidgroundrents~premiams,tauea,andspecialass~smenta. x (b) The aggregate of the amounta payable pursuaat to aubparagraph (a) and thoeepayable on the note secured ~ 6ereby, ahall be paid in s eingle gayment esch month, to be applied to the fopowing items in the order _ stated: ~ (I) ground rente, ta:es, esseasments, fire, and other hazerd inaurance premiums; „ (II) interest an the note eecured hereby; aad ' (III) amortisation of the principal of eaid note. ~ Any deficiencq in the amount of such aggre~ate monthly payment shall, unless msde good by the Mortr ~ gsgor pr~or to the due date of the next such payment, const~tute an event of default under this mortgage. ~ At Mortgagee's option, Mortgagor will pay a"late cl~arge" not exceeding four per centum (4%a) ot any inst,all- ment when psid more than Sfteen (15) dsys after the due date thereof to cover the extrs expenae involved in n~ handling delinquent pay ments, but such "Iste charge" ahall not be payable out of the proceeda o! any sale ~ made to satisfy the mdebt,edness secured hereby~ unless such proceeds are sufficient to d~scharge the entire ~ ~ indebtedneae and all proper costs and expenses secured thereby. ~ 3. If the lotal of the pa}-ments n~n~i~ br thp Mortgagor under (a) of para~?raph 2 precedinq shall exceed ~ the amount of pa~•men~s actunll~ ma~l~ b~- tlie :~'lortga~ee, as trustc~, for groun~l rents, taxes and eagessmenta, r• ; snd insurance premiums, as ttie cese ~na}~ be, such excess ahall Fx~ credited on subsequent pa~ments to be made : bv the 11~iortgaE;or for such items or, nt :~tortgn~eP's option, ~g trustee, shall be refunded to Mortgagor. If, however, such monthl~• pa~•ments shall not tx~ s+ifi'i~•iPnt to par such items when the sa~ne shall become due ~ =F and pa~-able, then the :41ort~agor shnll pnr to th~ titort~a~ec, a4 trustee, nnr amount necessery to meke up ~ the de~icienc~•. Such pa~-ment shal) be nia~le Kitt~in thirt~ (:i0) da~•s ufter written notice from the :1~fortga~ee ~ ~ statin~ t}~~ hm~,mt of the, deficiency, which notice may be given by mail. If et any time the Mortgagor ~h~11 ~t . , . _ ~ . _ . _ . _ ~