HomeMy WebLinkAbout1083 P
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~r~u~d,~d ~~tiv~~a, that if said JFlortgagor shalt pay unto the said Mortgagee
~s csr#~in promissory note, of wlitch the follotuing in words and fZgicres i.s a true copy,
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FORM 101 PR ~1 RY NOTE
Shelton. Connecticut i
520,000.00 ~ Auquat 17, 19 79 ~
FOR VALUE RECEIVED, the undersigned jointly and severally promise (s) to pay to the order of s
JOHN G. FAGERHOI.M and LORRAINS S. FAGERHOLM
at 57 So>ith Pomperaug Avenue, Woodbury, Connecticut,
or at such placx as the holder(s) of this note may designate in writing the principal sum of ~
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TWENTY THOUSAND and NO/100s ($20, 004: 00) DO~gg
together with interest thereon from date at the me of 9 1/296 per annum on the ~
unpaid balance until paid.
Payments of $208.86 per month, which includes principal and
interest, shall commence. on the 17th day of Sept.- 1979,
and on the 17th day of each mont iereafter, until paid
in full.
It default be made in the payment of any installment under this note, and if such default is not made
good within 30 days then the entire principal sum and accrued ,
interest shall at once become due and payable without notice at the option of the holder(s) of this note. Failure
to exercise this option shall not constitute a waiver of the right to exercise the same at a later time for the same
default or for any subsequent default. In the event of defaults in the payment of this note, and if the same is
placed in the hands of an attorney at law for collection, the undersigned hereby agree(s) to pay all costs of collec-
tion including a reasonable attorney's fee. Presentment, probe wand notice~re heret~~ai d: i '
/ . ~ ~ ~ • / SEAL)
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'ALEXANDER M. KO ICR, JR. _
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- and-shall-perforrra, comply with- and abide- by each and- every- the-stspulations,--- -
agreements, conditions and covenants of said promissory note and of this deed, then
this deed and the estacte hereby created shall cease and be null and void.
.~ttd ' the said Mortgagor hereby~covenants and agrees:
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~ .1. To pay all and singular the principal arul interest and other sums of money
payable by virtue of said promissory note and this deed. or either, promptly on the
days respectively the same severally Conte due.
Q. To pay all and sin¢ular the taxes, assessments, levies, liabilities, ~~bli¢ations
anal encumbrances of every nature on said described property each and every, and
if the same be not promptly paid the said Mortgagee may at any time pay the same
without waiving or affecting the option to foreclose or any right hereunder, and every -
payment so made shalt bear interest from the date thereof at the rate of g 1/2 $
~ per cent. per annum.
J. ~'o pay all and singular the costs, chargPS and expenses, including lawyer's
fees, reasonably incurred or paid at any time by said Mortgagee because of the-
failure
on the part of the said Mortgagor to perform, comply with and abide by each and
every the stipulations, agreements, conditions and covenants of said promissory note
and this deed, or either, and every such payment shall bear interest from date at the
rate of 9 1/2$ per cent. per annum.
4. To keep the building now or hereafter on. said land insured in a sum not
less than its full insurable value
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~ in a company or companies to
be approved by said Mortgagee, and the policy or policies held by and payable to said
Mortgagee, and in the euent any sum of money becomes payable under such policy or
policies, the Mortgagee shall have the option to receive and apply the same on account
of the indebtedness hereby secured or to permit the Mortgagor to receive and use it, or
any part thereof, for other purposes, wijhout thereby waaving or impairing any equity
lien or right under or by virtue of this mortgage, and may place ctnd pay for such
insurance or carry part thereof, without waivang or affecting the option to foreclose or
any right hereunder, and each and every such payment shall bear interest from date
' at the rate of 9 1/2 $ per cent. per annum.
B~~K315 ~~f1081