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Home My WebLink About0301 . ...w. ad..- ~ w The Mortgagor hereby covenants with the Mortgagee, that he is indefeasibly eei:ed of said land ee simple or such outer estates tf any ss ie stated herein; that he Las f ull power and lawf ul right, to Qoovev tbe,~ as sloreeaid; Was the land t$ free ~mm all eacumbranoes except as hetdia oWerwise recited;that said ~1rL~: tgagor swbil~l mreagtte such further ssaurutoea to prove the afut~idytitle to said land is said Mortgagee as may be reaaoa- andvwill~e~nd the~a~ove~d Mor ~ Lwful cLimsyof all w,urant the title to said Lnd, sad sve~ry part thereof, againa persrans whonnsoever. PItOYIDICD ALNAYd that if the Mortgagor shall pay unto the Mortgt~gee Wat oertaia pmrniaaory note, Of which fire following is ~ substantial copy, to wit: - i 39, 000.00aaa - Fort Pierce ,blonds. September 20 .1,779 . Fort Yruos ~vso, the wndareigned promise(s) to Pall ~ 'II-lE II~IA.S $ NETTI.f:1~ON CtltilPANY, a Connecticut corporation, with principal place of business at 230 George Street, New Haven, Conn. 06510 • , s oorpontiou organised sad existing wider the _ 4ws o[ Connecticut , ~ order, the prineipd iwm of _ _ - ,DIRTY NINE 7tI0iJSAND and 00/100=----------------------------------Ddlara (:39',000.00*** with interest fmm date at the rate off ten Par centum (10.0 Pm aaaura on the unpaid balance until paid. The acid principal and lateness shall be payable at the oboe of TIC ~ ~-~,g~ G~ANy, a wnnecticut corporation, with principal pales of business at 230 George Street ~ New Haven, Connecticut 06510 , or at such other place as the holder may desi®nate is writing delivered or mailed to the debtor, in monthly installments of ll[~p~ pp~y_'~p and 42/Zt~ollare (#342.427** oomrnencing on the first day of November , 19 79 , serf coatinuioa on the first day, of each month Wereafter until this note is hilly paid, except that if not sooner purl the :final payment of prinppal and interest shall be due sad payable on the first day of t'~etober 1, Z00~ Privilege is reserved to Prepay at any time, without premium or fee. the entire indebt~ednees or any Part _ thereof asst less than the amount of one iruti~llmeat, or one 6undted dollars (#200.OOh wlticheru is kaa. Yrepsyment lit fuR shall be credited on toe date received. Partial prepayment, otMr than ors an iostaWnent due date, aced not be credited until th@ nett following lpitalhp8nt due date or thhty.days after suo>t prBFy/Allnt, whlcheret is earllel. - If aqy deficiency is the payment of any iaatsllment under Ibis note is not made good prior to the due date of the but such installment, the entire ppiiacipal sum and accrued interest shall at onus-become due and ~?ay- able without notice at the option of the holderoi flue note. Failure to e=ereise this aptloa shall not ooastttute a wiaiver of the right to examine the same in the event of any aubeequear; default. In the event of default in the payment of this note, and if the same is collected by a~n attorney at Lvv, the undersigned hereby agree(s) to pay all costs of oollectaon, including s reasonable attorney's fee. This note is secured by mortgage of even date executed by the undersigned oa certain properly described therein and represents money actually used for -the acquisition of said property or the improvements thereon. - Presentment, protest, and notices are hereby waived. _ ~ ~ ARA J. PERRY - t~~ _ - [sou.) And shall duly, promptly, and fully perform, discharge, execute,_e>iect, complete, and comply with and abide by each and ever .the stipulations, agreements; conditions, and covenants of said promissory cote and of this mortgage, then thra mortgage and the estate hereby created shall cea.9e and be ,lull and void. The Mortgagor further covenants as follows: - 1. That he will pay the indebtedness, as hereSnbefore provided. Privilege is reserved to prepay at any time, wiWout premium or ee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred dossers (#100.00), whichever es less. PreF=yment en fuU shall be credited on the date reCe1Y@d. Partial prepayment, other than on an installment due date, need not be credited until the next followin; installment due date or thirty days after such prepayment, whichever is earlier. 2, rn order_ more lulls to protest• the securtit} of this mortgage, the :Mortgagor, together with, and in addition to, the monthy payments under the terms of the note secured hereby, on the first dap of each month until the said note is fully paid,_.will pap to the Mortgagee, as trustee, (under the terms of Lhis trust as hPrein- e[ter stated) the following sums: (s) A sum equal to the ground rents, if any, next due, plus the premiums that will nex+_ become due and payable oa policies of fire sad other 6asard_insttrance coveting the mortgaged property, Plus taxes and asses~rtents next due on the mortgaged ProP~Y (all sa estimated by the Mortgagee and of which the Mortgagor is notified) less all some sheerly pard therefor divided by the number of months to elapse before one month prior to the date w1>ea? such ground rents, premiums. taxes, and assessments -will x~ rztbec a delinquent, such soma to be held by Mortgageeintnrattopaysaidgroundrents,premiums,taxes,andapeciala~asments. (b) The aggrebate of the amounts pa3rable pttcsusnt to subparagraph (a) and those payable on the note i+ecured hereby, shell be paid in a single Payment each month, to be applied to the fallowing items in the order stated (I) ground rents, to°.es, 8asmsrnanta, fire, and other haaard insurance premiums; (II) interest oa the note secured hereby; and (IIn amortisation of the principal of eaid~ote. Any deficiency, in the amount of s~~ch aggregate monthly payment shall, unless made good by the Mores t gagor prior to the due date of the next such payment, constrtute an event of default under this mortgage. At Mortgagee's option, Morigsgor wilt pay a "late charge" not exceeding four per centum (4°Ja) of any install-W went when ppaid more than fiitcen (15) days s[ter-the due date thereof to Dover the extra expense involved in handling delinquent pay menu, but such "late charge" shall not be payable out of the proceeds of any sale ~x made to satisfy the rndebtedness ,sewed hereby, unless such proceeds are sufficient to discharge the entire G7 indebt~edneas and all proper costs and expenses secured thereby. p•i 3. 1[ the total of the paprnents nsade br the Mortgagor under (a) of paragraph 2_preceding shall exceed"`' the amount of pairnents actuall~• mails h~• t(ie Mort.Kagee, as trustee, for ground rents, taxes and assessments, ~ and insurance premiums, as the ; age mar be, such excess shall be credited on suhsequent papments W be made by the Mortggagor for such items or, nt Mortgagee s option, ag trustee, shall be rnfunded to Mortgagor. If, however, guest nionthly payments shall not I?e suffiriem to pa~• such items when the same shall become due and pa •able,.then the Mortgagor shall pap to the Atortgsgec,.as trustee, nap amount necessary to make up the de~cienct•. Such pa}-meat shall be rna~le within thirty (:30) da}•tr after written notice from the Morit;attee