The URL can be used to link to this page

Home My WebLink About0491 f . ~ • ~ i r: . . . ~ The Mortgagor beraby cpvenants with the I~iortgagee, the?f~ l~e is~ indefesaibl3 soized oi said lend in fee ; eiraple or auch other eatatss il' auy e~s ie etatcxl herein; that, he has full power and lawiul rigtit to convev tha sRTUa ~ ~?e ~?fore~aid; th~t t~te laud ia iree ~mm ~11 encumbrances exc~pt as harein o4herwi~a recited; tt~at said~4ortgagor ~ will niake euch further ~saurAncea•to provo t6e aforesaid title to said lsnd in said Mortgagee s?s may be re.ason- ~ ablyreq uired, a+nd ~hat said M~rtgagor daee hereb~r~fully warraut the title to said land, and everv part t}iereoi, ~ and will de+fend the same against tihe lawiul cluima oi sll paraona whon~sae~cu. Pxov~v~D ALw~Ye t~hat ii the riortgagor ahall pay unt~c~ the Mortga~ee that cert~?in promiasory note, of which the followir,,g ia a substaw~iwl coAS, W vsit: Florid~?. = 25,900.00 Foxt Pierce ~ May 30, ,1975 ~ Foa Vw~.v~ Rscs.ivsD, the undersi~ned promise(s) to ps?y to THE LO;WS ~ N~TTLET4N CO~iPANY ~ a oorporatian organi~ed t?ud eristi.ag under the l~wa of THS STAxE QF CONNEf.'TICUT~ or order, tha principal sum of '~~y F~VE THOUSAND - ANll No! loo_-~.__~------------------- ~11&ie cs 25 , o00 . oo w;ch ~uter~t rrom aate At tlie re~te of ~ Eight 6 one .~alf per centum ( g Z~1'o) per annum on the unpaid balance until paid. The se3d principal and interest shall be payable at the office of ~ The Lomas ~ Nettleton Company - . . . + . _ 175 ~range Street . ~ New Haven, Gonnecticut 06510 , or at auch other p1aeE as the holder may designata in ~vriting delivered or mailed t~o the debtor, in monthly installments otONE ~iUNI)RED NINETY iW0 AND 25/~.QOp°~ 192.25. commencing on the first day of ~y , 1975 , aud continuu~g on the ~ • fiist dsy of~escb iuonth thereafter uritil this nate ia fully paid, e~cept thaC, if not eooner paid, the final psyment of princapal and interest shall be due and payable on the firat day of - -~E ~ 2005 pri~vijege is reserve~i.to prepay at uny time, without_premium or f~. the entire i.ndebt,edneee or any psrt . thereaf not lESS t6an the aa~ount of one IASt~llment, ut one hundred doUus (=100.00), rvhlchever is less. Prepayment ia fult shall be credited on the ciate received. Puttal prepayment~ other than on asa iasWlment due date~ need not ts~ credited until the next following lnstsilment due date or thlrty days after sudi grerer~~yment, whichever is eulier. ~ - _ If any deficisncy in the pa ment of any inst+illment under this note is not made good grior to the due date of the next such installment, ~8 entire priucipal sum and accrued interest ahall at once become~due and ~np- able without notice at the option of the bolder of this note. Failure to atercise t.his option a~aU not oonstit-ste _ a waivRr of the right to ea8rcise the same iu t~he event of anq subeequent default. In the event af dafsult in the - paymont af tbis note, snd if the~ same is collected by an attorney st law, the un3ersigne~ hereby sgree(s) to - psy ~il costa of collection, including s ressonsble sttornay's fee. - . - ~ • This not~e ia secured by mortgage of even date executed by the undersigned an c~rtain progerty described ~ . therein and represents money act~ually used for~he acquisition of ~aid property or the i.mpro~emente Lhereou. . Presentment, protest, snd noticA ~tre hereby waived. ~ , - - - ~ L~~R:..t%! ~ ' ~ i s~r.] ' . - . OIVALD HOWARD ~T~F.NBER~G \V/~ j - . ^sSL..~ ~..y.~~.V~,~-r-__ [SEA.I,] . - _ J~ ;M. STENj38FG ~ J - - - - - [~?LJ ~ - ~ _1 (s~,L~ And sh~ll ~uly, promptly, and fully perform, discha~ge, execute, efiect, con,plete, and comply with snd abnde ` by each and every the stipulations, agreements, conditions, and covenaats of said promissory note and of this ; mortgage, then this mortgage and the estate hereby ~reated shall oe,ase and be null and void. . The Mortgagor further covenants as follows: , - ; 1. That he will gay the indebtedness, as hereinbefore provided. Privilege is r~9erved to prepay at any time, - i- without premium or fee, the entire indebtedne$s or any part thereof not le,sa than the amount of one installment, ~r . ~ one hundrpd dollars (i100.00), whichev~x is less. ~ ± 2. ln order more fu11~- to r,rotect t.he securit~- of this mortgage, t}ic ~fortgagor; together wit-h, and in { additior~ to~ thQ monthl~- pa~•ments under the ter?ns of the note secured hereby, on the 6rsf~ da~• of each mont~h ~until the said note is fu~l~ pai~l, will pay to the vlortgng~e, as trustee, (u~~der the ternis o[ this trust as herein- _ eiter state~) tl?e follo~ving suuis: _ ~a) A sum equal to the ground rent~, if any, next due, plus the premiums that will next become due and payable ~ ; on policies of fire and other hazard insurauce covering the mortgaged property, plus taxes and as.5essments next due on the mortgaged pmperty (all as estimated by the 1liortgagee and af which the Mortgagor is - ; ~ notified) lesa all sums already paid therefor divided by the number of montha to eYapse 6efore one month , gri~r to the date when ~vch ground rents, premiuraa, taxes, and as~sments will become delinquent, - such sumg to be held by Mortgageemtruattopaysaidgroundrents,premiuras,taxes,andspeciala,ssessments. , (b) The agg~egate of the amounts ~a able pursuant to subparagraph (a) and those payable on the note secured ' - bereby, aball be paid in a sing~e gayment esoh manth, to be applied to the foliowing items in ttze order '~~,i. etsted: ~ . . ~ ~ - ~ - . ~ . _ ~ . _ . (I) graund rents, taaes, assessmeats, fire, s~ci other hasar~ insurance nremiums; (II) iuterest on the note secured hereb_y; and _ ~ (IIn s.mor~ization of the principsl of sasd note. - Any.deficier.cy in the air~ount of such aggregate monthly payment ahall,-unless made gaod by the Tiort- - gsgor pr~or to the due date of the next such payment, constitute an event of defaul~ under t~his moTtgage. At Mortgagee's opt.ion, Mortga.gor will pay a"late cl~arge" not ~;:eeeiling four per centum (4~j'o) of any install- ment, when paid mort than fifteen (15) days atter the due date thereof t,o cover the eatra expense invalved in - handling delinquent payrnents, but such "late charge" shall not Le psysble out of the proceeds of any sale - made to ~atisfy the indebtedness secured hereby, uriless such proceeds are sufficient to discharge the cnLire - indebtedness and all proper rosts and eapenses secured thereby. ~ . 3. II the totel af the pa~-ments niad~ 1~,' the 3~4ortg~or under (a) of parag;rnph 2 preceding shell exc.eed tl?e amount of pa~•me~?ts actuAll~- made b~• tl'e ~4'Iort~a~ee, as trustee, for ground rents, taxes and assessments, . and insurance premiu~iis, ~s t}~e case ma~~ be, sueh excess sliall be credited on subseyuent payments to be made by th;.• Mortga.gor for sueli i!ems or, nt 11'Iortgt?gee's option, as trustee, shall }~e refunded to ~iortgagor. If, however, such mqnthi~- pa~•ments shall not lx~ suffic•ient to pa~ such items when the same ahal~ become due and pa •able, then tho hiortgagor shu~l pn}~ to the ~iortgagec, ns trustee, an~ amounf, necessary to make up the de~cienc~ . Suc}i pa~ ment shall be made within thirt;~• (:i0) dati~s a[Ger written notice (ram the Morigagee ~tating the amount of the deficienc3, which notice may be given by ni~il. If at any time the l~iortgsgo; shall - 6GOi( PA~GE ~e7.L , - - - - -