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Tlie I~1ort};~or Lereby covenants ~~ith tho b4ort.~,rn{;e~' thaQ~he i~ in~i~aAibly seiaad of said ]snd in feo
ai.mplo or auch othor estato~ J sny sa is atAteed horein; tlia6 i~o f~ilt ~awor dnd laH~ful riglet to rouve~~ t.l~o s~mo
AB afc~res,~id; tl~at tUe iand ia iret~ ~rom all oncun~brances excc~pt as here~n uthei•wise recited; that said riurtgog~r
v~il) mRko such twthor ax~urancos to provo tho afu~~aid title to ea.id laiid in said hsort.gagcw ~s mAy bo reason- . :
ably required, and t,hAt Raid l~soatga.gar cloes hareby tully warrant l.he titla to said lanii, and evc~ry part thQrcx~i~ ;
aud will defon~l the s~nae sgair,s~ Ll~o lawful claims ot all pe~ona whotnsoavor. ~
' PROVlDED AI.w~Ya th~t if the I~Sorigagor she.ll pay unto the Mortgagee tha~ cerGain proiriisgory note, of
which t.he i~llawin~; is a aubat$u~i~l cops~ S,o wit: . '
= l.7 , 000.00 Fart P~erce ~ ~01~~
- ~ Mav 2, 19 7 5• -
FOR VALUE R&Cb1VED~ the uadersigned proruise(s) to pay to -
THE LOtiAS & NETTLETON COMFANY -
. , a corporation or~anized and ~d.stiug under ihe
laWa of THE STATE OF CONI~ECTICUT ~ or order, the principal sum of SE:VENTEEN THOUSt1NU AND h0/ 100 ~
Dollars 17,000.00 1~ with int,erest fmm datQ at
the rate of Ei~ht and one half P~r centum (g 1~~J'o) per e~nnum on the unpaid balance until paid. ~
The said priac~pal and interest shall be payable at the office of The Lomas & Nettleton Compsny - ~
17~ Orange SCreet _
- New Haven, Coitnecticut 06510 -
~ - , or at such other ptacE as the :~older mav designat~e in writing
~ delivered or mailed to the debt:,r, in monthly instatlments of ON~ HUNDRED THIRTY AND 73/ 100 Dollarg .
130.73 commencing on the first day of J~,y , 1975 , and cantinuing on the
firat daf of eac~ month t~ereafter until this note is fully paid~ eacept ChaB, if not sooner paid, t6e final payment
~ of princ~pal and intEresL shall be due and payable on the firat dQy of ~ JUNE 2005 •
Privilege is reserved to prepay at any time~ without premium or fee. the entire indebtedness or ar.~y part ~
thereof not less than tlae amount of oue instaUment, or one_hundred dollars (~100.00), whichever is less. Prepayment in full
- shall be credited on the date received. Putixl prepaymen~, other than on an installment due date, need not be ctedited until ~
the next following installment due date or thidy days after such prepayment, whiche~er is earlier.
- If e?uy deficieney in tfie payment of any in.stallmenL under this riote is not msde geod prior to the due date ~
of tho next such installment,-the entire principal sum and accrued interest shall at once become due and ~ay-
- able without notice at the option of the holder of this note. Failure ta exercise this option ahall not constitute
; a waiver of the right to eaercise the ssme in the event oi an,y subsequent defeult. In the eveat of deiaul6 in tha -
payment of thia note, and if the sama is c~llected b~ an attorney e~ law, the twdersigned Lereby agree~s) to
~ pay all eosts of collection, inciuding a reasonable ~ttornEy's fee. -
This note is secured by inortga~e of evan date eaecuted by tha underaigned Qn eertai.n property described ~
tberein ~nd represents money actu~lly used far the acquisi~,ion oi said property or tLe imprnvementa thereon. ~
- Presentment, proLest, and notice are hereby waived. ~
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_ t10SES E. BIGHON t
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And shall duly, prompt.ly, ~.nd fully perform, discharge, execute, effect, complefe, and comply with acd abide
by eacn and evpry ~he stipulations, t~reements, conditions, and covenants of said promissory note and of this: ~
- mo: tgage, then this mortgage and the estate hereby created shall cea~se and be null and voici. _ -
The Mortga.gor further covenants as follows: . ~ - ~
- 1. That he ~vill pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at ~ny time, ~ ~
without premium or fee, the entir~ in~sbtedness or any part thereof not le.ss th~n the amount of or.e inatallment, or
- _ one hundred dollars (i100.00), ~hichever is less. . . ; ~ . _ ~
° 2. In order ~nor~ full~• to protrct thr. securit,~- of this mortgage, thc ~7ortgagor, t~gether with, ancf in
j addition to, the monthl~• pn~•~nents under the terrns of the note secured h~~rnb~•, on t!~c first da}• of eacli inontl? ~
- until t)~e snid not~ is full~~ pnid; K•ill pn~• to ltie ~iort~a~;e~, ns truste~, (~~nder tl~c ter?ns of thic trust as }icr~i~i- ~
~ after stated) thc fullo~ci~iK sums: . ;
(a) A sum equa! to the ground rents, if any, next due, plus th~ premiums that will next become due and payable ~
on poiicies of fire and other hazard insurance covering the mortgaged proFerty, plus taxes and assessn~ents ±
next due orl the mortgaged property {all as estimated by the ~tortgagee and of which t` e Diortgagor is ~
notifi~) less all sums already paid therefor divided hy the number of months to elapse before one month
_ prior to the date~ when such ground rents, prem~uma, taxes, and ag.~ments will become delinquent, ~
such sums to be held by-Mortgageeintrusttopayssidqroundrents,premiums,taxes,andspecialassassmen~ts. €
(b) The aggregate of the amounts payuble r~ursuant to subparagraph (a) and those payable on the note secured -
hereby, shall he naid iB a single payment each month, t~ be appiied to tt;e following items in the order ~
_ . stated: _ - . - -
_ - (I) gcound rents, ta~ces, assessments, fire, and ~ther hazar~ insarance premiuma; t-
(II) in#ere3t on the note secured hereby; an~ . . ~
- (III) amortization of the princ.ipal of said note. ~ -
Any deficisncy in the r.mount a~ such aggregate monthl;~ payment shall, unless made good by the Mnrt- t~
ga.gor pr;or to ths due date of the next sucl? psymci~t, consLitute an event of default unde.r this mortgage. ~
. At Mortgagee'~.~ptien, IMortgagor will pay a"late charge" not ~acEerling four ~er centum (4~Jo) of any install- ~
ment when pa~ more than fifteen (15) days after the due date thereof to cover the extra expense involved in ~
handling delinquent ~ayments, but such "late charge" shall not be payeble out of the proceeds of any sale
' made to satid~y the mdebtedness secured here::y, unless such proceeds are sufficient to discharge th~ ent.ire ~
~ indebtedness and all_ proper costs and eapens~ secured ?.hereby. - ~ - ~
3. 1f the total of t)~e pat•~nents ~nnd~ !>1" the 11Tortgngor undcr of pflragrnph 2 preceding sliall exceed ~
_ t}ie amount of pa~•meuts actunlir ~ua~l~ b~- the 11ortKnKec, as trustec, for ground rents, tases and asse~aments, ~
and insurance premiuius, as the casc ma~• be, such exccss sl~ail Ue creditect on subsequent pa~•ments to be made
b~- the ~4or~gagor for such items or, at :4lortgngee's option, ~s truste~, shall be *e(ur~ded to ~Tort~egor. If, - ~
however, such I110J1~}1I~• pn~•ments sl?ull ?~~,t br suffirient. to pa~• such items ~•hen the same shull become due ~
~ and pa~~able, the~i tl?e ~lortga~or shnll pa~- fo th~ ~•lortgflgec, us trustee, ~nr a~~~ount necessar~ to make up ~
- the de c.ienc}~. Such pa}-inent shall be ~~ia~ic w•ithin thirt~~ (:i0) da~•s ufter w-ritten not~ice from the Mortgagee~
sfiating the amount ot the deficienc~, ~vhich notice may be given by mail. If at any Lime the Mort,gagor ehall
~ - $OOi~~:V~.7 ~tG~ i.i'3~ - -