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Tho h1orl.gx~ur Lort~by covensnt,e with tho ?~lortge~oe, tl,at he is indofe~.4ib1 seizc3d ot s~id land in fee
eimp~a ur auch obho: estut4t J anyi as is staled her9in; tl~ut lie hss [ull powor and lawfut right to couvev ~ho swme
~a afaresaid; tl~ni, the IanJ is freo trora sll et~cuinbra~ices aYCOpt as heroin oLhorwi~e reciteci; that said~iortgagor
will make auch fur~her as.guranc~g to provo the ato~a4aid tiile to said land in saici MortgAgeo ns niay bo rexson-
t?bly re~uired, and that sa.id 111ortgagor dona heroby fuUy warrant the title to said land, and every part ~iiereof, ~
snd will dofQnd lt~e satuo against thcs lawful claims of aU peraoiia who~usoevor, j
PROYIDFD AI.w~Ye that if tha ?~lortgegor shall ~ay unto the Mortga~~e that ce~tain pmcniasc~ry noto, of
whicV the following is a aubstautial cop3 ~ to wit:
i 31, SOU . 00 Ft . 1'ierce , Florida,
June 2Q ~ 1975 .
. ;
FOR VALUE RECEIVED~ the unden;igned promise(s) to gay to j
;
THL' LO:~S~1S i~ETTLL'TOP+ COi~1PAi<Y , a corporation organized and e~dsting under the F
lawa of '111L STATL•' Ol' CO:I~;ECTICu'Ibr order, the pri.ncipal sum of T}iII:TY 0;•JE TttOUSt~:D FIVF. 11llNDREll ~
and ::0/100---------------------------_---Dollars (i 31,500.00 with interest irom date at '
the rate of ~EIGIaT AND 02dL-~Ie1LF per centum ( 8 1/9J'o) per annum on the unpaid balance until paid. ;
= The said principal and interest shall be payable at the office of Tlie Lomas &~~ertleCon Compan}~ ~
~
175 Orange Street ;
~
~.:Iew llaven, Connecticut 06510 , or at such other plac~ as the holder may designste ir. writing - _
delivered or n~ailed to the debtor, in monthly installments of q~.;0 ~IUhDFLI) FIFTY-T~{P.EE and 89/~~
2~3 ~ g~ commencing on the first day of pUGUST , 1~ ~S , and continuing on the
firat dsy of each month thereafter until this note is fully psid, except that, if not sooner paid, the final payment
of principal and interest shall ba due and payable on the first day of JUL ' ' 2000'
Privilege is reserved to prepap at any time; without premium or fee, t~e entire indebtedness or sny part -
thereof not less than the amount of one installment, or one hundred dollars (~100.00)~ whichever is less. Prepayment in fult
shall be credited on the date received. Partial prepayment, other than on an installment due date, need not be credited until
the next following installment due date or thirty days a[ter such prepayment, whichever is earlier.
f If any deficiency in the payment of any installment under thia note is not made good prior to Lhe due dQte
- of the neat such installment, tha entire principal sum ~nd accrued interest shall at oncs become due and ~ay- .
. able without notice at the option of the holder of this note. Failure to eaercise this option ahall not conatitute
a waiver of the right to a~ercise the same in tha~event of anv subsequent deisuJt. In the event of default in the
- _ payment of this note, and if the same ia collected by an attorney at law, the undersigned hereby agree(s) to
. pay all costa of collection, including a reasonable attorney's fee. -
. This note is secured by mortgage of even date executed by the undersigned on certain property described _
therein and represents money cctuelly used for the acquisition of said property or the improvements thereo~_
PresentmenL, protest, and notice are hereby waived. "
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' GI ~ES '
j~'_~ [SEAL]
, ~
' - \.-~lt- GL-" v' t ~ ~ Uz'..,1 SEAI. ~
- FKe1.~IF:IE LYN .i ~ ~ . .
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- (s~aL~
- And shall duly, promptly, and fully perform, discharge, execute, eft:ct, complete, a.nd comply with and abide
_ by each and every the stipulations, agreements, conditions, and cover,ants of said promissory note and of this
_ mortgage, then this mortgage and the estate hereby created shall cease and be null and void.
The Tiortgagor further covenants as follows: _ . -
_ 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, ~
without premium or fee, the entire indebtedness or any part thereof not less than the $mount of one installment, or
j one hundred dollars (;100.00), whichever is less. ,
2. In order ~uorn full~- to protect th~ srcurit~- of this niorigagc~, the ~iortgngor, togetl?er with, and in
~ adciition to, ihe tnontl?l~• pa~-nients ttnder tlie ter~ns of U?c~ note securcd }i~r~b~-, on thc• first dtt~• a[ cac}? montli -
~ tmtil tlie saicl notr is full~• paicl, «•ill pa~- to the ~4ortgngee, ns trustec, (un~lrr the tern?s of this trust ns h~rein- ~
, _ n(t~r steted) thc fullo~+•in~; su~ns: -
(g) A sum equal to the ground rents, if any, next due, plus the premiums that wiii next become due and payable
- on policies of fire and other~ hazard insurance covering the mortgaged property, plus ta.xes and assessments
- next. due on the mortgaged property (all as est_imated by the ~iortgagee and of which the Mortgagor is
noti6ed) less all sums already paid therefor 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 hiortgageeintrusttopayaxidgroundrents,premiums,taxes,andspecialassessments.
(b) The aggregate of the amounts paynble pursuant to subparagraph (a) and those payable on the note secured -
hereby, shall be paid in a single payment each month, to be applied to the following items in the order _
~ stated: -
- (I) ground rent~, taxes, assessments, fire, and other hazard insurance premiuma;
(II) interest on the note secured hereby; and a
~ -(III) amortization of the prineipal of said note.
Any deficiency in the amount of such a~;gre~ate monthly payment shall, unless mQde good by,the Mort- ~
gagor pr~or to the due date oE the ne~:t suc}~ payment, constitutP ;~n event of default under this mortgage.
~ At Mortgagee's option, Mortgagor will pay a"late cl~arge" not exceecling four per centum (4°~0) of any install-.
ment when paid more than fifteen (15) da~s after the due date thereof to cover the extra expense_involved in
handling delinquent ~ay ments, but such "late charge" shsll not be payable out of the praceeds of any sale
- made to satisfy t~e indebtedness secured hereby, u~iless such proceeds are sufficient to d~schar~e the entire -
indebtedness and al[ proper costs and expenses secured thereby. -
3. 1f tl~e total cf the pu}-~nents n~n~ic~ b~- th~ ~lortgngor un~l~r (n) of purngrnpl~ 2 precedin~ shall exceed
~ the nmount of pa}•ments nctuall~• mt~~l~ b~• tiie titori~;a~;er, us trustee, for grounrt rents, tnxes and assessments,
_ and insurance }~r~miuius, as the case ~nu~~ be, such excess shall be credite~i on subsequent pa~~ments to be made
# b~• the ~•lortga~or for sucl~ ite~iis or, at ~tortgage~'s option, as trustec, s}iall be refunded to MQrtgagor. If,
~ hov~-ever, such ~nontl~l~• pa~•ments s)~nll not b~ suffirient to pa~• such ite~ns when tlie sa~a~e sliell become due
~ _ and pa~•able, ti?en t)?e tiiortgu~or shfl11 pa}• to th~ ~iort~n~ec, ns truste~, nn~- aniount necessarv to make up
the de~c~enc~•. Such pa~•mcnt shali br ma~1e H•ithin thirt~• (30) cia~-s nfter ~vritten not~ice from t}ie Mortgagee
, stating the amount of the deficienc}, Khich notice~m~ay be 'ven by mail. lf at any time the Mortgagor ahall
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