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Home My WebLink About2704 Th~ Mortgx~or boreby covenRnts with tho Aiortga~cx~~ that ho ia inclofea.qihl seized of said Isnd in iae a aimplo or euch otl3er eatntc+s ~ny a9 is stAtFd herein; tl~at he has full }ww c?r snd law ul ri~;lit, tu couvev lliu s~me sa eforesaid; tha6 tho Idnd is frco ~roni all oncumbrpnc~ axcc+pt as Uereui otl~erwisa recited; ttie?t aaid~iorigx~o: will mako such further a,ssur~~nc~ t.o provo tha aforesaid title to said land in said I~sortga{;ca as may Uo reRSOn- ably rcq uired, nnd the.t said i.''.~rtgagoc ~loos hereby fully warrant the title to said land, and overy part tliereof, and will dofond the sauM9 against tho lawful claims of all porsona wtioinsoevc~r. PROVID~D AI.w~YS that if tho ?~foctgagor shall pay uuto the I~Tortgagee that cc~rtaiu promissory aotv~ of which the toUowuig is a substan~ial co~,f, to wit: = 21, 000.00 - ~ Ft . 1'ierce , ~+'lorids, ; ~ Junc 23 ~ 1975 . ~ ; FOR YALUE IZECEIVED~ the unden3ignecl promise;s) to pay to ± : ~ ~ ~ TitE LO;ir1S L~ hI:'1"LL~TOi; CO:Q'r1P;Y ~ ~ , a corporation organized and existing under the ~ lawa of THF STAT1: OF COfi~I:CTICU~r order~ the priwcipal sum of TjdEI~TY-O:~I: T1IOtiSAtiD and ~ i;0/100--------------------v_______,_Dotlars (i21,000.00 wilh interest fmm date at ~ the rate of EIGIlT and Oi:C I~'~LF per centum S%) per annum on the unpaid halance until paid. ' The said principal and interesl shall be payable at the office of The Lomas & r:ettleton Comp~ny ~ 175 Orange Street } i in New Haven, Connecticut 06510 , or ai sueh other place as the holder may deaignate in writing ~ delivered or mailed to the debtor, in monihly installuients of p;~L IIi7P;DRED SI}:TI'-O;~I: and ~~9/100 Dollara _ ~ - (i 1G1. 49 commencing on the &rst day of AUGUST , 19 75 , and continuing on the ? first day of each month thereafter until this note is fully paid, except that, if not sooner paid, tho final payment ~ of principal and interest shall ba due and payable on tha first day of J~,Y ~ 2005 • t ~ Privilege is reserved to prepay a~ anp tune, without premium or fee, tha entire indebtedness or any part - thernof not tess than the amount of one i~stAllment, or one hundred dollats ($100.00~~ whichever is less. Prepayment in fult ~ ~ sha11 be credited on the date received. Partia! prepayment, other than on an installment due date, need not be credited until ~ the nelct following installment due date or thirty days after such prepayment, whichever is eazlier. - ~ If a~y deficiency in the payment of any installment under this note is not made good prior to the due date 3 of the next such installment, the entire principal sum and accrued interest shall at once become due and ~ay- i able without notice at the option of the holder of this note. Failure to exercise this option shall not constitute ~ a w aiver of the right to eaercise the same in the event of any subsequent default. In the ev~nt of default in tha ~ payment of this note, and if the same ia collected by an attomey at law, the undersigned hereby agree(s) to ~ pay all cost$ of collection, including s reasonable attorney's fee. ' - This note ia secured b9 mortgage of even date executed by the undersigned on certain property described - therein and represents monep actuRlly used for the acquisition oi said property or. the improvemente thereon. ~ Presentmei,t, prote.~t, and noticP are hereby waived. , _ , ~ - - ~ : ~ ~ ' ? ~ i . I. ' _~_.---.Es~,nL] ~ fi:I ~tAS RIC~---- SjJ~GLE ~ /7 , - _ G~. L1~' SEAL) ~ ?~~RT 1 J . . ShT1iGLES ~ - [sr.~L] ~ , - ~ - . ~ . , - [sEnc.~ ~ _ ~ And shall duly, prorriptly, and fully perform, discharge, execute, etiect, complete, and comply with and abide ~ by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. = The hiortgagor further covenants as follows: ' 1. That he will pay t6e indebtedness, as hereinbefore provided. Privil~ge is reserved to prepav at any time, ~ ~ without premium or fee, the entire indebtedness or any ~art there~f not less than the amount of one installment, or ~ _ one hundred dollara (~100.00), whichever is less. _ 2. In order morc~ full~- to protect tl?e s~curit~- of this n?ort~;n~e, tlic ~forts~a~ar, togMher i~~ith, and in 4 ad~lition to, the inontl?l~- pa~'nients under t}~r tern~s af the~ note secureci h~reb~~, a:~ the frst dn~• of each tnonth ` ttntil tlie sai~l not~~ is full~• paicl, ~sill pa~• to the ~1ortKn~r~, ns truste~. (under the• t: rn~s of this trust ns herein- - ~ nft~r stat~cl) ti~e fullo~cin~! su~us: ' - = (a) A sum equrl to the ground rents, if any, next due, plus the premiums thz~.t will next become due and payable . on policies of fire and other hazard insurance covering the mortgaged pro~~erty, plus tares and assessments ; next due on the mortgaged property (all t~s estimated by the ~iortgagee ar.d of which the hiortgagor is . ~ notified) less all sums ulready paid therefor divided hy the number of months to elapse before one month ~ - prior to the datP when such ground rents, premiums, tsxes, and assessments will become delinquent, ~ such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiurr,s,ta~ces,andspecialassessments. ~ (b) The aggregate of the smounts payable pursuant to subparagraph (a) and those payab7e on the note secured hereby, ahall be paid in a single payment es~ch month, to be applied to the following items in the order ~ ~ atatea - ~ . (I) ground rents, taxes, assessments, fire, aud other hazard insurance premiums; ~ (II) interest on the note secured hereby; and - ~ - (III) amortization of the principal of said note. _ ~ Any deficiency in t?~e amount o( such a~;gregate monthly payment shaU, unless made good by the Mor~ ~ ~ gagor pr~or to the due date of the next suci~ pavment, const~tute an.event of default under this mortgag~. ~ At ;~'Iortgagee's option, Mortgagor will pay a"tate charge" not exceeding four per centum (4°Ja) of any install- - ment when paid more than fifteen (15) days after the due date thcreof to cover the extra expense involved in ~ handling delinquent pay ments, but sueh "late charge" shall not be payable out of the proceeds of any sale made t« satisfy the ~ndebtedness secured hereby, uiiless such proceeds are sufficient to discharge the entire ~ indebtedness and all proper costs and expenses secured chereby. ~ 3. ti tl~e total of the pa~•~nents n~ncl~ h~- th~ Ziortgugor un~l~r (a) of para~ruph 2 precedin~ shall exceed ~ U~e amount of pa~•ments uMuall~- ma~l~ b~• tl~e ~iort~;t~~;ce, as trustee, for gmun~l rents, tn~es and asse~sments,. and insurance preniiun?s, as the case mn~= be, such excess sha11 Ue creditecl un subsequent pa}•ments to ba made b~- the ~iortga~;or for such items or, at ~tortgn~ce's option, as !rustee, shall be refun~ied to Mortgagor. If, f however, suc}ti tnonthl~- pu~•ments sl~all not b~ suffii~•ient to pa:• suc•h ite~~is when the same sliall become due and pu~sble, thcn the `1ort~n~or shnll pn~• to th~ ~tort~a~c~~, as truste~, an~- nmount necPSSary to make up the de~icienc~•. SucL pa~•n~ent shull b~ ~na~le w•it}?in t1?irtt- (:i0) cln~-s after.writter not.ice (rom the Mortgagee ~ stating tl~e amount of the deficiency, which not.ice may be given b~ R ail. If at, any time the Mortgagor ehall ~ BOOK 24O PAGE~~V~ _ ~