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Home My WebLink About1488 • ~ i ~ The Mortgx~or hereby covenanta ~with ttao I~'~ortgaget?, that ho ia indetea.qibl sc~ized oi said lend in !ea ~ a~ eimpla or auch olher eatates ~f any as i~ horoin; that, ho has lull pow:-r and law ul ri~ht to cauvov tl~o s~rae ~ us pforesaid; that the land =s irea ~ru::~ ull ~acuinbrauc,es excopt as herein otherwiso recitccl; that said I~1ort~;agor . ~ will niake such further as~urancea to provo tho afore.4aici title to eaid land in said hlortgag~ e~a nisy bo rnasoci- ; sbly rec~ uired~ and tt~at said Mortgegor ~loea hereby fuUy warrant the titla to said land~ and ovary part theroot~ ~ ~ - ~?nd wiill defead t~he 8atne a~eiast the lawful clsiins of all parsona whomsoovor. ' k Pxov~nEO A~.w~Ya that it the ?~tortgagor ahall pay unto"the Niortgagea thst certain pmmiseory noto, ~i NhicA th0 following ia a subst,antial cops, to wit: ~ FORT PIERCB, Florida. a 33,500.00 June 10 , 19 75 . FOR YALUE ~ECLIV~D~ the underaigned prumise(s) +.o pay Lo TlIE LOM1\S & NET'fLETON COrg'ANY ~ , a ca ration organiLezi and e~osting under the Ja~B THE STATF: OF C~j NNECTICUT, or order, the principal sum of ~HIRTY THREE THOUSAND FIVE ~ ~1NDRED AND NO/1Q0 ~ Dallars (i 33,500.0~ with interest trom date at the rate of EigYFt & one half per centum (8 1/2%) P~T ~um on the uapaid halance un~il paid. j The ssad principal and interest sha11 be payable at the office of f. The Lomas ~ Nettlston Company ! 175 Orange Street ~ ; ~ New Haven; Connecticut 06510 , or at such other place as the holder may designate in writiug ~ delivered or mailed to ihe debtor, in monthly installments of ~0 HUNDREA FIFTY SEVEN AND 62/l~ll~ ~ 257.52 commencing an the &rst day of AUGUST ~ 1~j5 , aad continuing on the ~ firat day oi each month thereaiter until this n~to is fully paid, e~copt thai,, if not aooner paid, the final payment ~ of princapal and interest shall he _due and p~.ysble on the firat de?y of ~ UL y ~ , Privilege is reserved to prepay at any time, without premium or fee, the entire indeb~,edness o~ enp part i , thereof not less than the atnount of one instatlment, or one hundred dollars (~1~0.00), wh[chever is l~ss. Ptepaymen? in full ; shall be credited on the date received. Partial preppyment, other than on an installment due date, need not be credited unEll ~ the next following installment dae d~te or thlrty days after such prepayment~ whichever is earlier. _ ~ If any deficiency in the payment of any installment under this nots is not made good prior to the due date i of the neat such installment, the entire principal sum and accrued interest shall at once become due and ~ay- _ able without notice at the option of tha holder uf this note: . Failure to eaercise this option s~all not constitu+e s waiver of the right ±,o exercise the same in the event of any subsequent default. In the event of default in : he - payment of thia note, snd if the same is collected by an attorney at law, the undersigned hereby agree(s) to pay all coste of collection, including a reasonsble attorney's fee. _ , S This note is seeured by mortgage of even datcs eaecuted by t.he undersigned on cert,ain propertiy described ~ _ therein and represents money actualty used for the acq~usition of aaid property or the improvements thareon. ~ Presentment, protest, snd noticR are hereby waived. f - ° ~ i - ~ { ~ - e,z~ - ~S~L~ i . E II~SOGNA ~ ~ ~ 30 CF. Ir'SOGNA . ~ - ~~L~ ~ r.__. ~ [s~L] - . - _ [s~L) ~ - And shaIl duly, promptly, and fully perform, discharge, execute, effect, eomplete, and comply with and abide ~ by each sind every the stapulations, agreements, conditions, and covenants of said promissory note and of th~s ~ mortgage, then this mortgage and the estate hereby created shall eease and be null and void. - , The Mortgagor further covenant,~ as follows: . ~ 1. That he will pay the indebtRdness, as hereinbe.fore provided. ~ Privilege is reserved to prept?y at any time, without premium or fee, the entire indebtedness or any part thereof not less than the ~mount of one installment, or ~ ona hundred dollars (i100.00), whichever is less. ~ 2. In order morc~ full~• to protect the securit:}- of tl~is mortgage, the tlortgagor, together with, and in - ~ addition ta, the monthl~• pa}•nients under thn teri~~s of t}?c~ note secured }?ereb~•, on thr, first da~• of eac}i inont}i until tlie saic~ ~~ot~ is full~• Pai~i, «'ill pi~~• to t~« ~1ort~ag~~, as truste~, (ui~~ler t1i~ terr~is of t}~is tru5t ns jierein- ~ aftrr stated) thc fullo~ci~ig su~ns: - ~ (a) A sum egual to the ground rents, if any, next due, plus the premiums that wil! next become due and payable ~ - on policies of Sre and other hazard insuran~ covering the mortgaged property, plus taxes and ass~ssments _ ~ next due on the mortgaged property (all as estimated by the ~'Iortgagee and of which the Mortgagor is notified) Iess aIl sums already paid therefor divided by the number of months to elapse before one month t prior to the date when such ground rents, premiums, taxes, and as,5essments will become del;nquent, ~ such sums ta be held by MortgageeintrusttQpaysaidgroundrents,premiums,taxes,andspecialasses~ments. ~ i. _ (b) The aggregate of the amounts payable pursuant ta subparagraph (a) and those payable on the note secured ~ hereby, ehall be paid in a single payment each month, to be applied fi,o the following itema in the order - ~ - s+.ated ~ _ (I) ground rents, t~uces, as.~?amente, fire, and uther hazard insurance premiums; (II) interest on the note secured_hereby; and (III) xmortization of the principal of said note. - Any deficiency in the amount af such aggre~ate monthly payment shall, unless made good by the DTort- ~ gagor pr~or to the due d~te of the next suc~i payment, const~tute ~n event of de[ault under this mortga~e. ~ At Murtgagee's option, Mort~agor will pay a"late charge" not eaceeding four per centum (4°fo) of any install-_ ~ ment when paid more than fifteen (15) days after the due dete thereof to cover the extra expense involved in - ~ handling dcllnquent ~avments, but such "lste charge" shall not b~ payable out of the prceeeds of eny sale msde to satisfy the m~ebt~dness secured hereby, wiless such proceeds are sufficient to discharge the entire indebtedness and ali proper costs and expenses secured thereby. ~ ~ 3. IF the total of the pa~-u~ents n~ad~ b~• tlie ~iortgagor under (c~) of para~rupL 2 preceding shall exceed , ~ tLe amount of pa}•n:ents actunll~- n~e~l~ t~}- t~~e ~fortKaKer, as trustec, for grouncl rents, taxes and assessments, . and insurance prerniuii~s, as the case uia~• be, such exe~.~ss sha11 be credite~i on subscyuent pa~~ments to be made ~ bv the biortgagor for sucl? i!e~ns or, t?t \tortgugee's option, a.s trustee, shall be reiunded to Mortgagor. If, ~ _ however, such~ montl~l~• pa~•ments sha11 not t>c suffirient to pa}• su~h items when i}?e same shall become due and pa •able, then tl?e l~fortgagor shall pt?}- to tl?~ ~lortga~ec•, us trustee, an~- a~~?ount necessary• to make up ~ the de~cienc~~. Suc)? pa~•ment sha11 b~ ~nacle wit}?in thirt;v (:30) da~~s after written notice from the Morig~gee stating the smount of the deficier.cy, wiiich .iotice mgy be given by rnsil. If at any time the Mort~agor shall - . : so~K24U PAGE14~~ . _ . ;