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Home My WebLink About2863 i ~ _ Tho hiortgagur heraby co~•enRnts K~th t•ha Atortgngec~~ lhsL ho ~s ~indofea.qi~i~ yr geized of said lsnd iit fee e i m p l e o r a u c h o t h o r e s tA t e i ~I a n y a s ia a ta t A d h or ei n; t h a ~ h e h a s tu ll p ow•er an d l awfiil ri ght to co uvev tho s~tmo . e~a atoresaid; ihat tho land ia freo ~rom all eacunibrancea excap6 a.s horoin othorwi.ge recfted; UiKt said~Itiortga~;or ~ will make such furthor assitranc,~s to provo the aforCSaid titlc~ to baid land in said I~4ortgagoo as may bo rcasou- ~ ably rccl uired, nnd that said Mortgagor doas hereby fully warrant the titlo to said land, and eve.ry part thcrcoi, ~ snd witl dofond tha aan~e against the 1Qwiu1 claims ot all pore~na w}iomsoovar. j • PROVlDt D ALWAY4 t~lSt lI II10 ~'IOf~BgUT SI181I ~1A~ UAtO ~9 MOTE~dg66 Wl~t CAC~lIl ~1T(?IIIISSOIy TlOlO~ of which the followiug is a subatantial cop~, to wit: : = 41,000.00 Fort Pie~~ce ~orida, 4 May 26, 75 F FOR jJALUE RECEIVED~ the undersigned promise(a) to pay to ~ THE LOMAS & NETTLETON COMPANY ~ ~ ~ a corporation organir,ed a.nd existin.g under the lawe n~ THE STATE OF CONNECTICUZI or order, the principal sum of FORTY ONE THOUSAND AND NO/ 100------------------~--________ Dollars (t 41, l}00.00-- with interest from data at ~ - the rate of ~ Eight & one half . per centum ( g i~ffo) per annum on the unpaid balance until paid. : The said principal and interest ahall be payable at the ofI'ice of ~ The Lomas & Nettleton Company - . _ ~ 175 Orange Street . - ~ New Haven, Cdnnecticut 06.510 , or at such other placc as the holder may designate in writing - delivered or mailed to the debtor, in monthly_ installments of THREE HUNDRED FIFTEEN AND 29/100 Dollars 315.29 commencing on the Srst day of ,M,y , 19 7g , and continuing on the first day of each month thereafter until this note is fully paid, except that, if not sooner paid, the final payment of principal and interrst shall be due a.nd payable on the first day of ~g ~ 2005 Privilege is rescrved to prepay st any time, without premium or fee, the entue indabtedness or any part thereof not less than the amount of one installment, or one hundred dollars ($100.00), whichever is less. Prepay ment in full . shall be credited on tt!e date received. Partial prepayment, other than on an installment due daie, ;~~ed not be credif.ed until . the next [ollowing installment due date or thlrty days after such prepayrnent, whichever is earlier. ` . If any deficiency in the payment of any installment under this nots is not made good prior to the due date of the next such installment; the entire pnneipal sum and_accrued i.nterest shall at once become due and ~ay- , able without notice at the option of the holder of this note. Failure to eaer~ise this option shall not constitute - - a waiver of the right to exercise the same in the event of any subsequent default. In the event of default in the - payment of this note, and it the same is collected by an attorney at law, tho undersigned hereby agree(a} to ~ - pay all costs of collection, including a reasonable attornsy's fee. _ This note ia secured by mortgage of even dat~ eaecuted by the unders'igned on certain property described . therein and represents mQney actually used for the acquisition of said property or the improvements tharc~on. ~ Presentment, protest, and noticP are hereby waived. . J- / ~ ~ ~ J ~ l _ _ ~ ~G_~:`.~~ ~e L - . _ c ~s ~ sxE r ~SEAL] . . , SHIRLEY F. HEELEY £ ~ - - _ [s~L] - - _ [s~,L) _ . _ - And shall duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide by each and every the stipulations, agreements, conditions, and eovenants of said promissory note and of this ~ mortgage, then this mortgage and the estate hereby created shall cea,se and be null and void. ~ The Mortgagor furthei covenants as follows: ~ ~ . ~ 1. ThaE he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebteclness or any part thereof not less than the amount of one installment, or . . one hundred dollars (i100.00), whichever is less. - . ~ 2. In order mor~ iull~- to protecf ti~e securit~- of tl?is n~ortgage, the \fortgngor, together with, ancl in ~ addition to, lhe monthlr pn}•ments under the terms of the note secure~l hrrebt-, on tlie. first da~• of each month until tlic saicl notc• is full~• pai~l, ~sill pa~- to the ~fortka~~e, as trustee, (uncl~r tL~ ternis of this trust. ns herein- - aft~r statecl) thc fullo~ti•ing su~ns: _ - - ~ - (a) A aum equal to the ground rent;, if any, next due, plus the premiums that will next become due and payable on policies of fire anc3 other hazard insurance covering the mortgaged property, plus taxes and asses.sments . next due on the mortgaged property (all as estimated by the \lortgagee and of which the ;~iortgagor is notified) le~s all sums already paid therefor divided by the number of months to elapse ~efore one month prior to !he date when such ground rents, premiums, taxes, and as.5essments will become delinquent, . such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums,taxes,andspecialasse.~.sments. (b) The aggregate of the amounts payuble pursuant to subparagraph (a) and those payable on the note secured - hereby, shall be paid in a single payment each month, to be applied to the following items in the order - ~ atated - - ` (I) ground rents, taxes, assessrrients, fire, and other 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_such a~;gregate monthl}• payment shall, unless made good by the Mort- . gagor praor to the due date of the ne~t such payment, const~tute an event of default under this mortgage. } At 144ortgagee's option, Mortgugor will pay a"1Qte cliarge" not e!cceeding four per centum (4%) of an~~ install- ment when psid more than fifteen (15) days a(ter the due date thereof to cover the extra expense involved in ! _ handling delinquent payments, but such "late charge" shsll not be payable out of the proceeds of any sa~e ~ made to satisty the indebt,edness secured hereby, uiiless sucti proceeds are sufficient to discharge the entire • indebtedness and all prnper c.osts and expenses secured thereby. - 3. If the total of the pn~-ments nind~ h~- tl?e 1lortgngor under (a) of pnrngrapl~ 2 preceding shall exceed - lI1C SillOllil( O~ pII\•ments nctunlli- n?n~l~ br t~ic ~1ort~;n~;ec, as trustee, for grouncl rents, tAxes and assessments, and insuranc~ pre~niui~is, as th~ case ma~ ~be, stich excess sl~ell b~ credifed on subseyuent pa~•ments to be m~de ~ b~ the ~iortgagor for such items or, at ~tort~ngee's optio~t, ns truste~, shall be refunded to ~'Iortgagor. If, " however, such niontlil~- pu~•ments shall not lx~ suffiri~nt to ~a~• su~h iteii~s w~hen the same shall become due - and pa~~able, then t1~e A•lortga~or shull pn~- to thc ~lortgn~;ec, n~ truste~, nn~• an~ount necessar~• to_make up - the de~icienc~-. Such pa~•nient ~hull be n~ac1~ ~•ithin tl~irt}- (:30) dn~•s after written notice from t~e Mortgagee ststing the amount of the deficiencq, which notice may be given by mail. lf at any time the 141ortgagor ehall _ - 900K~GV~ PACE1G~eJf7 -