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Home My WebLink About0873 i i ' _ ; ~ The Mortgafior Leroby covenants with tho Mort~;a~c~t~, that ha is i3~c~c+Tes.qibly soized oi ssid land in fee simpla or auch othor estat,et ~t any as is staWd herein; tlint he has tull powor and lawiul right to couvov tho snma ~ a,s e[oresaid; iliaG tho lKnd is iree ~mrn all encumbranees except as hore?n o~herwi.gs recited; that said I~Tortgagor i will mak6 euch lurthor sssurancas to provo the atoresaid title lo said Iand in said r4ortgage~ us niay bo rcwson- ~ ~bly required, and that said hiortgago? does haroby fuUy_ warrant the title to saic! land, and evary part tl?ere~of, and will defund the RaFUe ag$iast ~t~e la~wful r.laima ot all porsons who~nsoever. ~ Ps~vi~~p Ai.w~~e that it tho riortgagor ahall psy unto the Mortgagee that cortain pmmissury no~, oi wtuch the followiug is a subst~t~~ial cop~, to wit: ' Fort Pierce , Floridj?. ` : 19 , 000 . 00 June 4, 19rT 5. ~ FOR VALUE RECIClVED~ the underaigned promise(s) ~n pey to ~ ~t E r THE LOMAS ~ NETTLETON COriPANY ~ ~ , a corporation organiaed and existing under the laws of THE STATE OF CONNECTICUT, or order, the principal sum of NINETEEN THOUSAND AND NO/100 ~ DoL'ars (i 19,000.00 with interest from date at the rate of Eight & ons half . per centum ( g 1~ f~~) per aanum ou the unpaid balance ur.til psid. The said "principal and interest s}~all be payable at ~he office of The Lomas & Nettleton Company . - 1~5 Orangz Street ~ . ~~New Haven, Conn~cticut 06510 or at such ot~er place as the holder may designate in'writing delivered or mailed t,o the debtor, in monthly installments of Dollars ONE iMvTDR~D FOR~y SIX p~ 1 f 100 (i 146.11 commencing on the first day of AUGUST ~ 1875 ~ an- d ~on~inu~ng on the , firat dny oi each month thereaf ter until this note is fully paid, except that, if not sooner paid, the final payment ~ of princapal and interest shall be due an3 payable on the first day of - J~,Y ' 2005 ' ~ . Privilege is reserved to prepay at sny. time, without premium oe fee, the entire indebtednesa or any part ~ _ thereof not less than the amount of one installmeat, or one hundred doUars (~100.00), whIchever is less. Prepayment in full ~ shall be credited on the date received. Putial prepayment, other than on an installment due date, need not be crndited unti! the next following installment due date or thlrty days After such prepayment, whichever is earlier. - ~ ; If any de&ciency in the payment of a~ny installm~nt under this note is not made good prior-to the due date : of tha ne~t such installinent, the entire principal sum and accrued interest shall at once become due and ~ay- j able without notice aw the op~ion of the holder of this note. Failure to eacarcise this option ehall not oonstitute a~uaiver of the right to exercise the same in the event of any subsequenL defawt. In the event of default in tho ~ payment of this note, and it the same is collected by an ettorney at l~w, the undersigned hereby agrea(s) to t pay all costa af collection, including a reasonable attornsy's fee. i Th~ note ia secured by mor~ago of even date Eaecuted by the undersigned on certain pmperty described ~ therein and represents monep actuslly used for the acquisition of said properLy or tha improvementa thereon, ~ - ~ Prosentment, pro~t, and noticH are hereby waived. - ~ . ; ~ ~ ~SF1T•~ ~ ~ QU TIS HAItMON ~OUNTAIN, -JR. - ~ ~~~~1•'= ~~~1-~~' ~~?L~ . ~ BRENDA FOUNTAIN - ~ [S~] ~ ~ ~ ~ - [SEAL] ~ And shall duly, promptly, and fully perform, discharge, execute, ePfect, complete, and comply with snd abide ~ ~ by each and every• the stipulations, agreements, cond'stions, and covenants of said promissory _note and of this ~ mortgage, then this mortgage and the estate herehy created shall cease and be null and void. . The Mort.gago* further covenants as follows: - ~ 2. That he wiil pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness o*'any part thereof not less than the amount of one installment, or . one hundred dollars (i100.00), whichever ia less. 2_ In orcter more (ull~- ta protect the securit~- of this niorlgage, tlie ~fortgapor, togethrr with; and in addition to, the ~nontl~lt• pa~•ments under th~ teri~is of thc note secured hcreb~-, on thc fi~t da~• of each montJ? ~ until tl?e suicl note is full~• paid, ~~'ill p~~- to the ~tori~n~;ee, as truste~, (under tt~~ tern?s o[ tl?is trust as herein- a[ter stated) the fullo~~•ing sun~s_ ~ # (a) A sum equel to the ground rents, if any, nelct due, plus the premiums that will next become due and payable on policies of fire and other haz~rd insurance covering the mortgaged properby, plus taxes and assessments : n t due o~ the mort a ed ro^~rt all as egtimated b tlie ~iort ee and of which ~ie biort or is ~ S Y~ Y 8~8 S~8 noti6ed) less all sums atready paid ~~erefor divided by the number of months to elapse before one month ~ prior to the date when such ground rents, premiums, taxes, and assessments will become delinquent, ~ ~ such sums to be held by Mort~ageeintruattopaysaidgroundrents,premiums,taaes,apdspecialassessments. _ (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 psymenL each month, to be appiied to the following itema in the order atated: - - - - - (I) ground rents, tsaes, a.gsessm~~ta, fire, anc~ o}her hazard insurance premiums; . (II) i~terest on the note secured hereby; and - -(III) amortization of the principal o! said note. ~ ~ Any deficiency in the amount ot such a~;~regate monthly payment shall, unless made good tiy the I~sort- - bagor pr~or to the due date ot the next such payment; constitutP au event of defa~~lt under this rriortgage. - At Mor ee's o tion Mort~ or will a a"late cl:ar e" not exceedin four er centum 4~ of an •~rastall~ . ~ aS P Y g B P ~ ~o) y 1 ment whet~i paid more~than fifteen (15) days efter the due date thereof to cover the extra expense involved in ~ - handling delinquent payments, but such "late charge" shall not be payable out of the praceeds of any sale made to satisfy the ~naebt~dness secured hereby, uiiless such proceeds are sufficient to d~schar~e the entire ~ indebtedness and all pmper costs and expenses secured thereby. ~ - ~ 3. If tl~e total of the pat•ments mnd~~ h~- the ~iort~;agor under (a) of pAra~raph 2 preceding sl~all exceed the amount of pa~-ments actunll~- macl~ b~• t~~e 3fort~;aKec, as trustee, for gro~~ncl rents, ta!ce~ and assessments, _ and insurance prcn~iuuis, as th~ case ina~~ b~, such exces~ shall be credited subscyuent payments to be made ~ b~• the ~fortgagor for such items or, ut :ltortgngee's option, as trustec, siiall be refuncied to Mortga.~or. If, ~ however, such mont}~I~ na~•ments shall not lx~ suffi~•ient to-par s~ch iten:s when the saine shall become due and pa •able, then t}i~= ~lortgagor shall pn}• t~ the ~iort~u~;ee, ns trustec, nnr amount~ necessary to make up the de~cienc~•. Such pa}•m~nt shail be ~i~a~le w•ithin thirt}~ (:i0} da~•s after ~:-ritten notice froin the Mori:gagee ststing the amount of the deficiency, wl~ich notice maq be given by mail. If at any time the biortgagor shatl BOD~ P~Gf V~ ~ -