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Home My WebLink About1911 i ' - Tl~o hiortgt~or hereby covenai~ts witli tli4 I1lortgi?~oe, kbat ho is indote~l~ib1 ~~~r ized of Aaid .lnnd in feo . aimpla or such athc~r a4lnt,c~~ ~i any as ia statFd hcroin; tl~at ho h~.g full poHOr an~l la~vt`~l ri~;ht to cou've~~ tho s~ime ~ts aforesaid; thpt tha l~4ia ~s treo ~rom sU oucumbrunces except a.R hereui o~horwis~ recited; tliat sai~l I~fort~;a~or will mska such furlher e.ssura~ic~s to pr~vo tl~o aforesaid titlc to saia land in said Mortgagoa as m~y bo reason- ably required, and that said rlortga.gor cloes hereby fully w~~?•rant the tillc ~o said land, snd ovory part tl?ereof~ ; a~d will dc~fond the same against, ttio lawful cl~ims of all poc~ons wliouisaovor. ' . ~ PROVlDf:Q ALWAYB t118t l~ t~10 ~TOftgdgOT Bt1911 ~A~ UAtO tZ10 MOI~~80 ~lAL CBTtd1I1 ~1IOI11LSSOfy IIOL4s~ of ~ which W.?e fotlovdiug is a aubstatiLial cops, to wit: • ; i 23,SOa.00 Fort Pierce , ~`lorida- ' . . ~y 16 , 1g75 • ~ FOR VALUk: RECEIVED~ the underaigneci promise(s) to pay to ' ; THE LOMAS b NETTLETON COMPANY ~ , a corporation organiaed and exiating undcr the tawe of THE STATE OF. CONNECTICUT~ or order, the principal sum of ~h~y ~gg THOUSAND FIVE ~ HUNDRED AND NO/1Q0-----------~----- ~oUars (i 23,500.00-- with interest from date at the ratc of Ei;~ht a~td one ~1f per centum ~ 1 2°J'o) per annum on the uupaid balance until paid. ~ The said priucipal and interest shall be payabte at the office o~ # - The Lamas & Nettleton Company ~ . - 175 Orange Street - ' 1II New Haven, Connecticut Q6510 ~ or at such other place as the holder may designate in wrifing ; delivered or waileci to the deb~or, in monthly installinents of ONL HUNDRED fiIGHTY AND 71 / 1Q0 ~ Dollars = 1-80.71 commencing on the &rst~ day of ~,y ~ 1975 , and continuing on the ~ firat day of each month th~reafter until this note is fully paid, except that, if not sooner paid; the final paycnent _ ; ~ of principal end interast shall ba dus and payable on the first day of . - ~ ' Privilege is rescrved to prepay at any tima, wzthout premium or fee, the entire u'Jidebtedness oi any part ; thereof Rot less than the amount of one installment, or one hundred dollars ($100.00), whichever i~ less. Prepayment in full , shall be credited on the date received. Partial~prnpayment~ other than on an installment due date, need noi be credited until " the next following installment due date or thirty days after such prepayment, whichever is earlier. If sny deficiency in- the pay ment of any installment under this note is not made good prior to the due date . of the ne~ct such installnient, the entire principal s~~m and acerued interest shall at once become due and ~ay- . able without notice at the option of the holder of this note. Failure to E~arcise thi~ option shall not constitute . ~ a waiver of the right to exsrcise tha same in the event oi any subsequent default. In the event of default in the ' ~ payment of_ this note, and if t.he same is collected by an attorney at lsw, the undersigned hereby agree(s) to ~ pay all costs of collection, including a reasonable attornsy's fee. - ~ This note is secured by mortgage of even date eaecuted by the undersigned on cert,ain prope-rty described ; - the~ein and represents money actually used for lhe acquisition of said property or the improvementa Lhereon. ~ Z 3 Presentment, protest, and noticP are hereby waived. . ~ ~ ~ _ ~ ~ ~ [s~L] ~ t ~ CHARLES EARL BARRON ~ ~ [s~aL] . - - BOBBIE BARRON ~ [s~L] ~ t , - 3 . - ~SEAL] : - And shall duly, promptly; and futly ~;farm, dis~harg~, e;:ecute, ef~ect, complete, and comply with and abi~e ` by each and every the stipulations, agreemen±s, conditions, and covenants of said promissory not~ and of this = mortgage, then this mortgage and the est$te hereby created shall cease and b~ null and void. _ The hiortgagor further covenants as follows: ~ - 1. That he will pay the indebtedness, as herei.nbefore providecl. Privilege is reserved to prepay at any time, ' without premium or fec, th~ entire indebtedness or any part thereof not less than the amount of one installment, or _ f _ one hundred dollars (~1U0.04), whichever is less. _ - ~ 2. In c,rcler ~nor~ fuili• to protec[ th~ s~~curit~- ot this ii?orl~;n~~~, the_~fortgagor, together with, and in ; Additi~n to, the monthl~• pn~•inents undc~r the terms of the~ nate secur~d h~~reb~~, on tlu• first d~c of each month ; - ua~til tlie saic; ~iote is [ull~• paid, ~sill pa~- to th~ ~IortKa~~~, ns trustee, (under t:i~ terms of this trust fls h~~rein- i n[ter statecl) the fullo~~~ing sun~s: ; I (a) A sum equal to the ground rents, if any, next due, plus the pre~niums that will next become due and payable - ~n policies of fite and other hazard insurance covering the mort~aged property, plus taxes and arsessments next due on the mortgaged property (all as estimated by the i~lortgagee and of which the i~iort~agor i~ notified) less all sums already paid therefor divicled by the number of months to elapse t~efore one month _ , prior to the date when such gr~und rents, premiums, taxes, and asse~.sments R~ll be~~me delinquent, ~ such sums to be held by Mortgageeintrusttopaysaidgroun~rents,premiums,taxes,andspecialassessments. ~ (b) The aggregate of the amounts payable pursuant to subparagraph (a) and thasP payable on the note secured ; _ hereby, shall be paid in u Fingle payment each mo~th, to be applied to the following items in the order stated : (I) ground- rents, taxes, asse~sments, fire, a,nd oiher hazArd insurance premiums; (II) interest on the note secured hereby; and - - (III) amortization of the principal of said note: - Any deficiency in the amount of su~h a~gregate monthly payment shall, iinless *nade gooci by the bsort- ~ s gagor pr~or to the due date of the next such pa~•ment, const~tute_ an e~•ent of default under this mortgage, ~ At ~Zortgagee's option, Mort~agor will pay a``late cl~arge" not exceeding four.per centum (4aJo) af any install- : - ment when paid more than fifteen (15) days after the due date thereof to cover the extra expense involved in ! handling delinquent Pay~ments, but such "late charge" shall not he payable out of the proceeds of any sale i made to satisfy the ~ndebtedness secured hereby, iu?less such. proceeds are ~ufFicient to d~schat~e the entire j indebtedness and all proper costs and expenses secured thereby. - ~ 3. 1f the total of the pn}-ments niadc~ b~- the \lortgagor und~r (a) ot pnragrapl~ 2 precedinR shall exceed _ ~ the t~mount of pa~•mcnts nctuall}- ma~l~ b~• tl~c ~1ort~;a~;ee, as truste~, for ground rents, laxes and asses,cments, i an~i insurance pr~n~iuu~s, us tli~ cc~se ma~• be, such excess shall be credited on subsequent pa~-ments to be made ~ b~' ttte ~lortgagor Eor such iterns or, nt ~tortgage~'s option, ns trustec~, s)?all he rcfunded ta ~iortga€;or. If, i hoK~ever, such nionthl~• ps~~-ments shnll not L~ suffi~•ient to pR}- su~h itenis ti•hen the same sl?ell hecome due ; and pu~•able, then tlte ~~lortgagor sl?~ll pa}• to th~ ~tort~n~;cc~, as trustc~, nn}• ~iiiount necessar~• to make up ' the deficienc~'. Suc)? pa~•mcnt sliull h~ n~a~ie ~•ithin tl?irt~' (:;0) da}-s nfter ~ti-ritten notice from tlie Mortgagee ? ststing the amount of the deficienc~•, titi~l~ich notice may be gi~en b_y n?ail. If at any t,ime the blortgagor shall ~ y - - Bo~K2~ P~~~'~ ~