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Home My WebLink About1220 Ths Mortgagor henb~ covenants with the Mortgagetti that he is ineieieseibly aaised of tiaid laud in ies - danppk orsuch other este?tse d any as is stated herein; that he has f uU power sad law ulrigbt to soul the same as sloresaid; that the lard u Tres ~rom aU encumbrances exexpt as herein otherwise recited; that said~ortgagor will make sash further assurances to prove the aforesaid title to said land is said Mortgagee as may be reason- ab required, and that said Mortgagor does hereby i warrant the title to acid land, sad eveq part thee+eot, will defend the aims against the larviul claims oi~ persons whomsoever. PsavlDSD ALwAVa that If the MOrtgagor shall pa, unto the MOttgages that csrtaia promiswry acts, OZ which the folbwiog is a substantial copy, to wlt: i 30,000.00 - Fort Pierce , Ploiida. September l~lfi 80 . Fos VAws RscslvsD, the undeni~red promise(s) to pay to THE LOMAS 5 NBTTLBTON COI~ANY Vwa ~ The State of Connecticu ~ a sad under ~ ~ or order, the principal sum of Thirty Thousand and no/ 100--- ~_~_N~~_~~-~~~ 30,000.00 with interest from date at the rate of Twelve per etentum ( 12 pw annum ern tbs unpaid balance until paid. The said principal and interest shall be payable at the oboe of The Lomas 6 Nettleton Company, 230 George Street, New Haven in Connecticut 06510 , or at sash other place as the bolder may designate in writing delivered aer mailed to the debtor, in monthly iaatallarmta otThree Hundred Eight and 58/ 100---Ddlars 308.58 oommencin8 oa the first day of November , 1860 ,and on ~ first dad of each month -tbereatter until this note is fully paid, e~xe>opt that, ii not sooner paid, the final payment of principal sad interest shall be due sad payable on the first day of October 2010 , thweot~n~ot lamas tbaathe a~noo~»n~ o ~eatjndallm~t.° ~on~e hunk Wits (:l O.OtO~) whiclrne+r~~leas~. yt to t~ul! thou be credited e?a the date received. Partial prepayment, other than un an ~aatlment due date, need cot be credited ant!! the nerd foUowtag imtallment due date or thirty days after such prepayment, whichever k earlier. Ii any deficiency in the payment of any installment under this note is not made good prior to the due date of the nest such installment, the satin princlpsl sum and accrued interest shall at once become due and ~7' able without notice at the option of the holder of this note. Failure to exercise this option shall not oonstituts a waiver of the right to exercrse the same in the event: of any subsequent default. In the event of deisult in the payment of this note, and ii the same is collected by an attorney at Lw, the undersigned hereby agree() to - pay all costs of collection, including a reasonable attorney's fee. This note ie secured by mortgage of even date executed by the undersigned on certain property described iberein and represents money actually used for the acquisition of said property or the improvements thereon. Presentment, protest, sad notice are hereby waived. - /s/ Archie S. Hall [~L] ARCHIE S. HALL ls/ Bonnie F. Hall [goat.] BONNIE F. HALL [gaAf.] - l~L~ And shall duly. PromPHY, m?d fully perform, discharge, execute, egect, complete, and comply with and abide by each and every the stipulations, agreements, conditions, and eovenaata of said promiaeory-note sad of this ~ mortgage, then this mortgage and the estate hereby created shall e>eaee and be null sad void. 1'he Mortgagor further eoveaaats as follows: ~ 1. That be will pay the indebtedn f ens, as hereinbefore provided. P'riivilegeus reserved to Prepay st as without premium or ee, the entire indebtedness or say part thereof not leas thou the amamt of Doe installnuyen~ one hundred doUaa (;100.00), whichever is less. Prepayment in toll :hall be credited on the date received. Partial prepayment, other than on an installment due date, need not be credited until the nett fOllowin` installment due date or thirty days after such prepayment, whichever is earlier. 2. In order more fully to protect the security of this mortgage, the Mortgagor, together with,~and in I addition to, the monthly payments under the terms of the note secured hereby, on the first day of each month ~ until tine said note is tally paid, will pay to the Mortgagee, as trustee, (under the terms of this trust as herein- atter stated) the Iollowing awns: (a) A sum equal to the ground ante, if any, next due, plus the pr+~iums that will next become due and Payable on policies of fire sad other basard iasuraace ewvering the mortgaged property, plus taxes and aaeessrnenta next due on the mortgaged Property (all as estimated by the Mortgagee and of which the Mortgagor is notified) less aD sums already paid therefor divided by the number ~ months to before one month prior to the date when ouch ground amts, Premiums, taxes, and assessments will leonine delinquent, each soma to be bedd by Mortgageeintrusttopayeaidge+oundrmts,premiums,tauq,andspecialeaeesernmta, (b) The a~+egste of the amounts pa pureuaat to subparagraph (a) and those payable exi the note secured ehaU be paid in a single p~symeat eru;h month, to be applied to the following items in tLe ordes m ground rents, tares, assessments, fire, and other harard insurance premiums; a (II) intu+est on the note secured hereby; sad i (III) amortisation of the principal of acid note. ~ Any deficiency in the annual of such aggregate monthly payment shall, unless made good by the Mores I gagot prpr to the due date of the next such payment, constrtute an event of default under this morrttggaagge. At Mortgagee's option, Mortggasggoor will pay a "late charge" not exceeding four per centum (4%) of any install- ment when paid more than fifteen (15) days after the due date thereof to Dover the extra expeaae involved in ~ handling delinquent payyments, but such "late charges" shall not be payable out of the proceeds of any sale made to satisfy the indebtudness secured hereby, unless such proceeds are suff cleat to discharge the entire indebtedness and all proper costs and expenses secured thereby. 3. It the total of the pa~-ments made byy- the Mortgagor under (a) of paragraph 2 preceding shall exceed f the amount of payments actually msriP b.• tt'e Mortgagee, sa trustee, for ground rents, taxes and assessments, ~ and insurance premiums, as the case rosy be, such excess shall be credited on subsequent payments to be roads s by the Mortgagor for suck iterru3 or, at Mortgagee a option, as trustee, shall be refunded to Mortgagor.. If, ~ however, such monthly payments slsall not tx~ sutfie•ient to psi such items when the same shell become due and payable, then the Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make rep { the deficiency. Such pa}Trrent slsall be made within thirty (30) dsvs alter written notice from the Mortgages ~ stating the amount of the deficiency, which notice may be given by mail. Ii at say time the Mortgagor shall _ - 9 _ -