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The Mortga~ur 5sr$by cn~eiian4e with tho M~rtg~e~, t'~at ho ia indeteas:bly seizad of aaid land in fce
sunpla or euch o4ber estaLat ~f any as is stnt~d harein; t1~a~ ho has tull powor nnd lawful right ta c~t~vov ~ha sRrr,e
ae storeaaid; tha~, the tand ia frea from all encuwbranceo excapt as berew otherwisa recitcd; that said rlortgagor ~
vcill mafce such iurther a~surances to provu t1~e aforc~said title to said land in said I14artgageQ as may be reasoa- ~
~ ably req uired, Qyid that said I~ioYtga~or doea hereby fully warrant tl~o tit18 to said land, ~nd evory purt tliareoi, ~
and will deteud tbe same agaiast the lawful claima ot all persons whomsoevar. ~
PROYID~?~ A4VYAY8 t~18t 1I lh8 I110T~&g0! fl~16.~I pa~ UII~O ~A MOT~dg66 W1AL CBtf.RlIl pT0Iri18SOi~' DOt~~ oi
which the fullowe.ug is a euhatantSal cop3•~ to witi:
a 33,050.00 Fox~ Pig~ce ~ ~orid~?.
_ 2Yi~y 29,' 75~ ~
FOft VALU& ~ECZIVED~ thG underaigned prc~tnit~(a~ to pay to j
THE LOMEIS b NETTI.ETON ~OMPAI~tY ~
~ a corporation orgaaiaed add exiatuxg und8r th8
lawe of THB ~TATE OF CONPiTC7'ICl3T or onier, the principal sum of THIRTY 1`~iREB THOiJSAND, RIFTl'
Da~lara (~33,05Q.G0 with interest fmm date st
tb~ ~~~1~~~Eights& one half r P~r
cen~'m'"1g ~1~2~J'~) per annum on the uapaid balance until paid.
T~e said principal and int~rest ahall be payable at the o~'ico o ~e Lomas ~ Nettleton Company ~
17S Orange Street ~
~ NeW Hgven, ConneCticut 0651~ , or at such other Qlsce a's the hotder may designate in writing
deliver~d or mailed to thc debtor, in monthly in~tallmenta of ~p ~DRED F'I~-ry FOLIR a 1,5/~O~ollare
(3 254.15 commencing-on the first day of . ~x 19 75 , an~continuing an the
first dng-of each month thereafi,~r uaW this nota is fullp pai~~ except that, if not sooner paid, the final payroent _
oi prancipal and interest ahall be due and paysble on the 6rat day of • ~ 2005 •
. privilege is reserved ta prepay at eny time, without premium or fee. the entire'~~btedn8ea or e~uy part ~ ~
th~reof not less thRn the ansount of one iast,allment, or one hundred dollus Q0.00)~ whichever is tess. Prepayment in full
~hal1 be credited a~~-the date received. Putlxl prepayment~ other than on an installment due date, need not be credited unti!
the next foilowing instsdlment due ds~te or thlrEy days after such prepayment, whichever is eailkr.
~ . •If any deficiency ig the pa mant of any uistallment under thia note is not made gmod priar to the due date -
or ihe naxt guch inscaUment, t~e entire principal su~ nnd accrued interest shsll at once become duo and ~ay-
- sble withouS~ noLice et the option of -the holder of t~is note. ' Failure to exercise th:s option shall not o6nstitute
~ waiver of the right to exercise the same in the event of any subaequent default. In the eveut of defsult in the
psyment•_ oi iChia note, and if the esme ia c-ollectod by an sttorney st lsw, the undersigned hareby agroe(s) to . ~
pay all costs oi callection, including a reasonabls ~ttorney's fee.
_ Thia note ia secured by mortgage of even date executed t~y the undersignQd on certau~ property~described -
t~Qrein and rspresents money actually used for the acquisition of said property or the improvements thereon.
_ Preeentment, prott~t, and noticR are, hereby waived.
_ - [s~?L]
- - LAWR,ENCE D. BARNLS -
- - : - _ [s~-]
. - ~sani.]
- ZET~iA M. BARNES -
_ - - - [s~L]
~ And shall duly, promptly, and fuliy perfnrm, discharge, execute, effec+., complete, and comply with and abide
by est . and every the stipulations, agreements, conditions, and covenants of said promissory note and of this
- mortgage, then this mortgage ~nd the estate hereby created shs11 cease and be null and voi~.- _ _
The Mortgagor further covenants as follows: ,
1. That he will pay +he indebtedness, as hereinbefore provided. Privilege is re.gerved to prepsy at any time,
without premium or fee, the Entire indeb+,ednesa or any part ther~f ~ot le~s than the amount of one installment, or
~ne hundred dolla~ (i100.00), whicbever is less. - _ ~ - _
2. In order nmre full~~ to proteM the securit;~' of this inortgage, ihe ~ortga~or, to~ether with, and in
adclition to, !!ie tnont}el~• pa~•ments under thc terms of tlie note secured hereb~•, on the fi~t. dat• of cach mont_h
~ until tl~e snid not~ is full~~ paid, will pn~• to the 1lortg~gee, as trustee, {uncler th~ terms o( tliis trust a.g }ierein- _
aiter statc~l) the folto«ing sums: . . .
(a) A sum equal ta the ground rents, :f any, next due, plus the preminms that will next become due anu~ payable
~ on golicies of fire and other hazard insurance covering the mortgaged property, plus taxes~snd assessments ~
nExt due on the mortgaged prop~rty (alI s3 e~timated by the biortgagee and of which the ~iortgagor is ~
_ notified) tess all sutns already paid therefor d?vided by the number of months co elapse before one month ~
- prior to the date wheu such ground rentsi premiums, taxes, and as.~ments will become ~elinquent, .
: - auch sums to be h~ld by Mortgageeintrusttopa~ saidgroundrents,~remiums,taxes,andspeciala.yszssments. .
- (b) The aggregate of the amounts payAble pursuant to subpsragraph (a) and those payable on the note secured
; - hereby, ahall be paid in a single psyment each month, to be applied to the following items in the order -
'F - etated _ _ .
~ - (I) grounei rents, taxes, asses3mente, fire, and other haaard insurancz premiums;
! (II) intereat on the note secured hereby; and . -
~ (III) amortization of the principal of said note.
E An deficien ~n Lhe amount of such e ste montt.l a ent ahall, unless marle ood b the hSort-
y, ~Y ~ ~P~' K 3' P 3'm g Y
ga~or praor t,o the due date of 61-.e next suc ? ayment, constitute an event of d~fault under this mortgage.
At Mortgadee's option, hiortbe.gar will pay s"~ate cl~arge" not exceeding four per cent~m (4~J`o) of any install-
ment when paid more than ~fteen (15) days after the due date thereof to cover the extra expense involved in
~ hsndling delinquent ~ayments; but such "late charge" shall ~ot b~ pay~ble out of the proceeds of a.ny sale -
made to-satisfy the ~ndebt,edness secured hereby, unless such proceeds gre sufficiznt to discharge the ent.ire
:nciebtednesg and sA pmper r.osts and expenses secured therEby.
- 3. If the lotal of the pa~-menfs maci~ b~- the Rlortgagor undcr (a) of pura~;ruph 2 preceding shell exceed -
the amount of pe}•~nents actuull~ ma~lr b~• t~ie ~Iortgagee, as trvstee, for groun~l rents, taxes and assessments,
snd insurance premiutns, as the case ~nar be, such excess shall be cred;tc~d on subseyuent payments to be made
bv tl~e Mortgagor for su~l~ items or, ut h'[ortgngee's opti~n, as trustee, si~all be reiunded to Morigsgor. If,
however, such mantlil~• pa}~ments shall not l~e suffi~•ient to pa}- such iteins x:iien the same shall become due -
and Fa~•able, then the Mortgagor ~}~nll pn}• to the ~~iort~n~ee, ns trustee, uni- aniount necessary to make up
the de cienc~. Sueh pa~ment shail bc~ ~nu~tc rsit}?in thirt}• (:30) datis after written notice from the Mortgagee
' stating the stnount of the deficier~cy, whic}: notice map be given by rnaiL If at any time the biortgagar ehall
- ' B~JOK~~U PA6F e~~'~ .
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