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Home My WebLink About1706 . . ~ , . . _ . : 'I'ha Mortgagor heceby, cavenants with lho h'iortg~ee, that he ia indefea.9iUlv anized of said land. in fee • ~ s'smple or euch other esta4et J any ea is etatuci horoin; tha6 he hss full power and lawlul right ta couvev tli~ sRn~o ~ ae atoresaid; t•hat the land ia free ~roni all encut~brances excc~pt ss i~eroin otherwise recitcsd; that aaid~Sort~;agor ; will raske such further essurances to provo the aforesaid title to said land in eaid Asortgagec3 e~.v may bo re.asoa- ~ abl re uire.~, und that said Rsortgagor doea hareLy fuUS warrant the title to said land, and every part therc~ot, ~ 0 ~n wil defond the same against the lawful alainis o! all peraona whomsoever. PROVIDBD AI.WAYB tLftt l~ 1t18 I~~OTLgBgOt B~ld~ ~1df UptO ~A MOTC~8~66 ~A~ C.~C~lil pl`OIYL1890I'3? AOtej oi ~ ~vhich the followisa.g is a aubstantial copS, to wit: i 30, 750.00 Port SC . Lucie , F1orid~t. June 11 ~ 19 75 • FOR V.~LUE RECEIVSD~ the underaigncd proraise(s) to pay to THE LO:fAS & NF.TTLETON COMPI~NY , a oorporation organibed aud existing under Lhe la~vs of THE STATE OF CO;VNECTICUT, or order, the principal sum of THIRTY THOUSAND NINE HL`NDRE~ Fiil' A,~TD NO/ 100--------------------- ~~~s (t 30, 950.00 with interest from date at the rate of EIGHT per centum ( g ~ oJo) per annum oa the unpaid balano~ until paid. The said principal and interest aha12 be pay able at the office of The Lomas & yettleton Company ~ - 175 Orange Street ~ ~New tiaven, Connecticut 06510 , or at such other p1acE ~ the holder may designate in writing --delivered pr mailed to the dehtor~ in monthly installmenta of ~y,0 HUNllRED TWENTY SEVEN AND 17/1~011ar8 (i 227.17 commencing on the first day of AUGUST , 1975 , and continuing on the ~ fizst dey of oach month thereaft,~r until this note ia fuUy paid, except that, if not sooner paid, the Snal payment ~ of princapal and inter~t shall be due and payable on tha first day of JULY ~ 2005 • - Privilege is reserved to prepay at eny time, without premium or fee, the entire indebtedne~e or any part , thereot not less thAn the amount of one Installment, o~ one hundre~ doilars (~100.00)~ whlchever is less. Prepayment in full shall be credited on the date received. Putial prepayment~ other thua on an instaUment due d:te, need not be credited untll the next foUowing installment due date or thirty days after such prepsiyment, whichever Ls earlier. If ~ny deficiency in the pay ment of any insteillment under thia note is not rinada good prior to the dus date - of the next such instaUment, the entire principal sum and acerued inLereat ahall at once become due and ~ay- _ able without notice at the option ot the holder of thia nots. Failure to eaercise this option shall not constitute ~ a waiver of the right to ex~rcise the same in the event of any subsequent default. In the easnt of defauit in the ~ payraent of this note, and if the same ia collected by an attorney at l~w, the undersigned hereby agree(s) t,e pay all coste of ~collection~ including a reasonable attorney's fee. This note is secured by mortgage of even date eaecuted bp the undersigned on certain property described ~ ~ _ therein and represents money actually used for the acquisition oi aaid pmperty or the improveinente Lhareon. - Presentment, protest, and notice are here~y waived. ' ~ - . . - : - , . - ~~-~~~'r~ ----G' ~ l _ [SEAL] ~I ' ALI,F.H ROSB k~ALKER ~ ~ . ~ - ~-~-i-~--~~~------------ [s~L] ~ - EVE C. WALKER ~ - _ [SEAL] ~ [~AL] ~ And shall duly, promptly, and fully perform, discharge, execute, eHect, complete, and comply with and abide ~ by each and every the stipulations, agreements, canditions, and covenants of said promissory note and of t6is ~ mortgage, then this mortgage and the estate hereby created shall cease and be null and void. - The Mortga~cor further cavenants as iollows: ~ 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, -~vithout premiam er fee, the En±ire indebtedn~ss or any part thereof not less tt~? the amount of one installment, or one hundr~ dollara (=100.00), ~vhichever is less. ~ 2. In ordcr mor~ full~• to protect thc securiti- of this niortga~~~ the .~fort~agor, togrther with.. and in ~ addition to, the ~nonthl~• pa}•ii~ents und~ r the terms of the note secured hereb~~, on tl?c first da~• oC eacl~.montti - untii th~ suid note is full~• puid, kill pa~• to thc :1lortgag~e, as trustee, (uncler t}~~ terms of this trust ns herein- ~ aft~r statccl) the tolt~w•ing sums: - ~ _ f (a) A sum e~ual to the ground rents, if any, next due, plus the premiums that R711 next become due and payable ~ on policies of fite and other hazard insurance covering the mortgaged property, plus taxes and assessments ~ ; - next due on the mortgaged property (all as estimated by the Mortgagee snd of which t.he illortgagor is ~ notified) less all sums already paid therefor divided by the number of months to elagse before one month - ~ ' prior to the date.when such ground _rents, premiums, taxes, and assessments will becom~ delinquent, such sum~ to be held by Mortgageeintrusttopaysaidgroundrents,premiums,taxes,andspecialsssessments. . (b) The aggregate of the amounts payable pursuant to subparagraph (a) ~nd those payable on the note secured i eteAreby, ahall be paid in a single payment each month, ~to be applied to the following items in th~ order ~ ted (I) ground rents, taxes, as,gesgmenta, fire, and at~er hazard insurancE premie~ms; . ~ - ~ (II) interest on the n~te s~cured herebs ; and _ ~ (III) amortization of the principa! of_said note. . - ~ Any deficiency in the amount of such aggregate monthly pay~iient shall, unless made good by the Mort- - gagor prtor to the due date of the next sucl~ payment, constitute ~n event of default under this. mortgage. ~ At Mortgagee's option, Mortgagor will pay a"late cl~arge" not eaeeeding four per centum (4°Jo) of any install- = ment when paid mare than fifteen (15) days after the due date thereof to cover the extra expense involved in ~ ~ hnndling delinquent ~aq ments, but such "late charge" shall not be payable out of the proceeds of any sale . made to satisfy the ~ndebt~dn~ss se~ure~i herehy, unless such proceeds are aufficient to discharge the entire : indebtedness and al! proper c.~sts and expenses secured thzreby. 3. If tl~e total o( the pa~-ments ~na~le h~- tLe Aiortgagor under (a) of pnra~ruph 2 precPding shall exceed tlie srnount of pa}~u~ents actunll~- t~iad~ b~- tl~e ~fort~;agce, as trustee, for ground rents, taxes and asses.Rments, and insurance premiuins, as tt?e case mar~be, such excess shall tx~ creditect on subseq~+ent payments to be n~ade bv the ~iortgagor for such items or, ot Mortgagee's option, as trustee, s}iall he refunded to Mortgsgor. If, however, suc~i ~nonthl~• pa~•ments shall n~~t be suffirient to pa~• such items ~vhen ttie same shall become due and pa •able, then tl~e ~fortgagor shnll pn}~ to thc ~tortgngee, as trustee, an~ amount necessary to make up the de~ciPr~c~-. Such pa~•rnent sLall be ina~te within thirl;v (:30) dn~s after w~itten not.ice frotn t~e Mortgagee stating tine amounk of the deficiency, «I~ich notice may be given by mail. If at any time the Mortgagor ahall BOOK2~U PAGE~7O~ . _