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Home My WebLink About2809 t i r, The hiortg~{;or her~by covenauts with tho I~iort~;~?goe~ thet he is indo[ossibly sc+ued ot said land in fee ; eimplo or such othor ast~~et ~f ay~y as is att~ted harein; that, t~o ha.s tull poK er R~id lawful rigtit t4 cAUVey tl~a same as sfore.gaid; tl~at. the land ie irec~ ~ron~ all o~~cumLr~nces excc~pt as beroin ot,herwisa recite~l; that said Mortgagor - will make such fur!her ssaurnncos to provo tho aforasaid title to 8aid laud in said 111ortbagea cis may ho reason- ably requi~ed, and tLat said I~iortgagoc does hereby fully warrant th~ titlo tc~ said laiid, and evary part bl~ercot~ and will defeud tha samo e3gainst tlie lawful claims ot all porsona whoinsoaver. PROVinsv Ai.w~Ye that it the rio~tgagor ahall pay uuto the Mortgag~ee that certain promiasory note, of which the followinb is a substantial copy, to wit: ~ = 30, 500.00 ~ Fort Pierce , Florida. June 23 ~ 19 75 • . FOR VALUE RECEIVED~ tha underaigned promise(s) to pay to THE LOMAS & NETTLETON COMPANY . , a corporation organiud and eusting uuder the lawa of THE STATE OF CONNEGTICUT~ or order, the principnl aum of Thirty Thousand Five Hundred & # NO/100 ~u~ (i 30, 500.00 with interest !rom date at f the rate of - eight & one-half per centum ( 8~ °Jo) per annum on the unpaid balance until psid. ~ The said principal and interest~ shall be payable at the office of The Lomas & Nettleton Company, 175 Orange ! t Street - ~ _ ~ - . a . z ~ New Haven, Connecticut 06510 , or at such other place as the holder may deaignate in writing ~ ; delivered or mailed to the debtor, in monthly installments of ~o Hundred Thirty-Four & 55/100 Dollars ; 234.55 commencing on the first day of ~Au~ust , 19 7S , and eontinuing on the i ' firat day of each month thereafter until this note is fully paid, except that, if not sooner paid, tha final payment ; of principal and interest shall be due and payable on the first day of July, 2005 - . ~ . Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedneag or any gart { thereof not less than the amount of one inst~llment, or one hundred dollars (~100.00), whichever is less. Prepayment in futl ; shall be credited on the date received. Parliat prepayment, other than on an installment due date~ need not be credited until ~ ~ tk~e next foUowing installment due date or thlrty days a[ter such prepayment~ whicher•er is eulier. ' . ; If any deficiency in the pay ment of any installment under this note is not made good prior to the due date ~ of the neat such installmont, the entire principal sum and accrued interest shall at ottce become due and ~ay- ~ . abie without notice at ~he option of the holder of this note. Failure to exercise this option shall not constitute ! . a waiver of the right to eaercise the same in the event of any subsequent default. In the event of default in the ~ pnyment of this note, and if the same ia collected by an attorney st ta~, the undersigned hereby sgree(s) to _ ~ pay all costa of collection, including a reasonable attorney's fee. , This note ia secured by mort~age of even date executed by the undersigned on r,ertain property described therein and represents monay actually used for the acquisition oi said proporty or the improvemente thereon. ! ; . . ~ Presentment~ proteat, and noticA are hereby waived. - ~ t : - ~ ~ [S~J ` William Robert Newton _ t ~ % - - [s~+L] _ { , . - _ n~' [s~.l ` - ~ Connie Newton ~ ~ - [s~nL) ~ _ ~ And shall duly~ promptly, ~and fully perform, discharge, execute, ef~ect, 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 thz estate hereby created shall cease and be null and void. " - i The 114ortgagor 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 amount of one installment, or _ one hundred dollars (=100.00), whichever is less. _ ~ 2. In order mor~ fuli~- to protrM th~ securit~- of t}iis niort~agc, the ~fortgagor, together with, and in ad~lition to, the monthl~- pa~•uients u~:der the tcrms ~,f tlu~ note secured h~~rei~~-, on thc first da~~- of cacti ~nontli _ . until tL~ siiicl note is fuU~~ puicl, ~sill pa~• to th~ ~1ortKn~;c~, fls trustce,.(un~l~r the tcrms of this trust ns herein- ; aft~r statecl) th~ follo~~•ing swi~s: ~ ~ (a) A sum equal to the ground rent9, if any, next due, plus the premiums that will rext become due and payable on policies of fire and other hazard insurance covering the mor2gaged property, plus taxes and assessments ; next due on the mortgaged property (all as estimated by the liortgagee and of which the ~iortgagor is ~ - noti6ed) less a11 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 as.sessments will become delinquent, s ~ such sums to be held by Miortgageeintrusttopaysaidgroundrents,premiums,taxes,andspecialaS.sessments. ~ (b) The aggregate of the amounts payable pursuant to subgsragraph (a) and those payable on the note secured - hereby, shall be paid in a single payment each month, to be appli~d io ihe following items in the orcier stated : ~ (I) ground rents, taxes, assessments, fire, and other hazard insurance premiums; (II) int~rest on the note secured hereby; and~ . (III) amortization of the principal of said note. Any deficiency in the amount of such a~;gre~;ate mo:~thly payment shall, unless mQde good by the MorG- gagor pr~or to the due dete of the next such Payment, constitute an event of default under this mortgags. At Mortgagee's option, Mortpagor will pay a"~ate charge" not eaceeding four per centum (4%) of any install- ~ - ment when paid more than fifteen (15) days after the due date thereof-to_cover the extra expense involved in ~ handling delinquent ~ayments, but such "late charge" shsll not be payable out of the proceeds of any sale . ~ made to satisfy the indebtedness secured hereby, unless such proceeds are sufficient to discharge the entire ~ _ indebtedness and ell proper costs and expenses secured thereby. ~ _ 3. jf tl~e total of the pac-incnts n~n~l~ h~- the A~1orlgngor undcr (a) of pnra~rnpl~ 2 preceding sliall exceed _ _ the aTnount of pa~-ments actuull~• ma~l~ b~• the \Iort~;n~;ce, as Lrustc~, for groun~l renfs, taaes and asses_cments, ~ and insurance preiniunis, as thc~ case rna~= be, such excess shall be creditecl on sut~seyucnt pa}•ments to be made - bt• the ~~iortgsgor for such items or, nt ~'[ortgugee's option, as trustec, shall be refunded to Mortgagar. If, however, sucli ~nontl~l~• pa~•ments shall not b~ suffi~~ient to ~a~- such items when the same shall become due ~ - and pa~•able, tlien tl?c ~tort~agor sht?ll pn}- to tl~~ ~tort~u{;e~, as trustee, un~- amout~t necessarti• to make up the de~icienc~-. Such pa~•ment slinll b~ nia~le w~ithin thirt~- (:i0) da~-s a(ter w-ritten notice from tj~e Mortgagee stating the amount of the deficienc wl~ich notice ma be given by mail. If at• any time the Mortgagor shall t _ BooK ~~o ~f~~o~ . = _ _