The URL can be used to link to this page

Home My WebLink About2089 _ ~ _ _ '.F•~ ~ .fr 1 The Mortgagor hersbj covenants with the Mortgagees that he is iadeieaeil~j ~ said• Lad . in tee or such other estate; it any as is stated herein; that he has tuD power tied la ul~t~o convey the same as a~c~e+esaid; that the land r fires ~m all encumbnnoes except as herein otherwise recsted; that said~iortgag~or will malts such further assurances to prove the aforesaid title to acid Lad is said Mortgages ss may be reaaon- rreeqquie+ed, and that said Mortgagor-does hereby ivlil warrant the. title to said laud, and eves part thereof, will defend the same ageuast tbs Lwtul claims of persons whomsoever. - - Paovmsu ALwa» that ii fhb Mortgagor ~haU py onto the Mortgages that certain promieso~ry note, o[ which the tdbwirq~ is • substant+al copy, to wet: i 57,000.00 _ Ft. Pierce September 28, ,19 79 . Foss Viuvs R~vsq, the undee,sigoed promise(s) to pay to THB LOtiA3 ~ NRYTLiI.1~01~i COMPANY • , s oorpoeatioa organised and es3sling under lhs laws d The State of Cotmaaticntor order. the principal sum of Fifty.. seven thousand and No/100. . DdLrs 57,000.00 with intsrsel from date al the rate d Ten and ono-half per oentum (10. S 96) per annum an the ubpaid balance unl7 paid. The said principal and interest sbaD be payable st the ogee a[ ~ LO~MAS 6 NBTZZ.L~PON COMPANY 230 George Street - ia Nev Haven, Connecticut 06510 , a' ~ such p~ as ~ holder ~ in s?~6 delivered err mailed to the debtor, in monthl<j? installments d Five hundred twenty one, A 55/100~1sm 521.55 ~ Sret ~y d `November .Zg 79, and an ~ first day d each month thereafter unta'1 this note is fnDy paid, ezoept that, if not sooner paid, the 5nal payment d przncipaltnd interest shall be due and payable on the first day d October, .2009. . Privilege is reserved to pnpa~ at any time, without premium or fee. the. ~tu+e indebtedness or say part thetsot not Ise than the arooont of oaa inR oc one htindrod doWa (;100.00h wdic6etet 41esR h~?amnt io tWl aha0 be ared#ed oa the date received. l'actial paepayrseat, other than on au imWln~ant due date. need not be aedited unt8 the nest fot)owisg isatallmeat due date or thtrty days atte::nch prepayment, w6icheve: b rattier _ If aqy de6a~ea~y in the payymmeenat of any imtallment under thus note is not made good prior to the due date , et tbs neat such installments the entire principal sum and accrued interest shall at once become due sad paw able without notice at the option d the holder of this note. Failure to axer~es this option shall not constitute - awaiver of the right to ezenses the same is the event of any subsequent deiaulk In the e~eat of default in the payment of ~ note, and if the same is collected by as attorney st Lw, the undersigned hereby agi+ee(s) to _ pay all costs of collection, including a reasonable attorney's tee. This note is secured by B~~ d eves date executed by the ~ndereigned on certain properly described therein sad represents moneyn~~~wauy used for the acquisition of saw property or the improvements thes~eon. - Presentment, protest. and notion are hereby waived. - - John H. aol2ins, Jr. [i~r?t] JOHN H. COLLhIS, JR. [Sar?i.] [s>Grj - - _ t~l • And shall duly, promptly, ~ fn11y perform, discbsrge, execute, elfeet,_ obmplete, and comply with and abide by e~ sad ~ slipulst~ons, coaditioos,-and covenants of said promissory note sad d this mortgage, thep th>s martgpge and the estate herby created shall serer and be.aull sad void. - The Maetgagoe further co~aata as tonows: - - _ - . 1. Thst he well pay the-ind~tednees, as het+einbeiore provided.- --Privilegeia resen?ed to prepay. at say time, without premium or fie, the inttir~e indebtedness oc say. part thered not lees. than the amormt of cue inatallnnent, a one hundred doYus (;100.00), vrhidtever is less. Prepayment in full shall be credited oo the date received. Partial prepayment, other than on an ia~t due date, need not be credited until- the nest tOlloviing installment due date or thirty days after aneb prepayment, whiehev~er is earlier. _ _ _ - _ - - • 2. In order more fully to protect the security of this mortgage, the Mortgagor, together with, rand in addition to, the monthly payments under the terms of the note secured hereby, on the feat day of each month until the said note is Iu11y paid, vinll pay to the Mortgagee, as trustee, (under the terms of this trust as herein- after stated) the following awns: _ _ . (a) A sum equal to the wand r+eats, ~if say, nest due, plus the premiums that. will nest become due and payable - cn c[ 5r+e and other. hasar+d insurance oove:nna the.mortgaged.property, plus takes and assessments nest dne an the mortgaged property (all as estimated by the Mbrt~ee and d which the Mortgagor is noti5ed}-leas all ~ already paid therefor drvided by tLe number of months to elapse before one month prior to the date whm sn~ around rests, premiums, tasei, sad aseecemeate will tieoome delinquent, sneh sums to be hew b7? Mort~eeint~rusttopayeaidge+oundret?t0.P~~.~m,aadspe~cialaseeesmeats. (b) The aggre~te d the amounts pa pursuant to subparagraph (a) sad those ppss on the ante scarred sba9 be pod in a yment each month, tube applied to lye f~ items is the order m and other hasard iaauranae premiums; iatate+et on the note secured hereby; and (III) amorti:,tian d the principal d said note. Any.deficiency in the amount of such aggregate monthly ~syment shall, unless made good bar the Mort- gagor prpr to the dun date of the next such psymeat, constitute an event of default under this mo At Mortgagee's option, Mortgagor will pay a "bee charge" rmt ezceeding four per centum (4oJo) of sayuas~l- ment when pa more than fifteen (15) dajys after the due date thereof to Dover the extra expense involved in o haadlit~ delinquent ~ nts, but such 'late charge" shall not be payable out of the proceeds of any sale made to satisfy the redness secured hereby, udese such proceeds ere sufficient to d>schacge the eatir+e - indebtedness sad all proper costs sad expenses secured thereby. - 3. If the total of the payments made b -the Mortgagor under (a) of paragraph 2 preceding shall exceed ~ the amount of pavmenis actually marls by t~e Mortgagee, as trustee, for ground rents, taxes and asseesrnents, .,o and insurance premiums, as the case may be, such excess shall be credited on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor. If, however, such monthly payments shall not be suft'ieient to psi such items when the same shall become due sad paysbk, then the Mortgagor shall psv to the Mortgagec, as trustee, any smouat necessary to make ttp the deficiency. Such payment ahall_b~ made~within thirty (.30) dsvs after written notice from the Mortgages stating the amount of the deficiency, which notice may be given by mail. It at say time the:M~octgagnr shall