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1~e Ma~t~gagor be~+eb~r aa.a?~uats rnit~ f~s ~o?ig~, t~i bs i~ imde~teasib eei~d oi a.id 1~nd in i~ee `
wm or suo6 otber est~~e= J aq~ a~s i~ stat~d b~er+eia; tbat bs ~s !ull power ~ad ls~d,right to oon~~ t~he sume
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a o~ ~S en~umbr~nee~ ea~cept as ~e~in ot~herwise reeited; tbnt aoa~d l
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P~iO~In~D ALwAT~ ~L lf ~e MO~r i~II 11Itti0 ~ MO~~~~ ~L~r OBT~II pY'OIDI9BOI}? qOtB, oi
~?~Lt'+~ ~ tQ~OMl~' ~~~1ib8~tltii~ l70pf'~ ~r0 wl~: I~
= 12 6~U.00 Fbrt Pierce ,1~]aida. ~ ~
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Seprbeaber 30
Fo~ Vu.us Rscszvs~, the emd~rai~ed Promiee~e) to PuY to
va~~ Mo~rc~ cc~a~nt i ~
, ~~a ,~a ~ ~ ~ ~ '
4we of the S~tte o~ Fl~orids , or order, the priacipal sum of ',~elve ~otitssazd Six A'tu~flred 1
~"if`ty ead No/1d0----~---------------.._____ Da11,ra (i ]2,650.00 with intereet from dste st ~ ~
the rate of Fivie aDd cffie-9t~trter Per ceutum Per aanum an the unPaid b~lanoe until p~id. ` ~
1be esid princ~psl and interest shall be pr~rable st thc o~ce of V~~.d Mortgage C~~
- ~ 7100 Bisca4rne Bo~ulevard ~
inMiami 38~ F1or3da , or at euch ot~r p1ao~ as tbe hdder msy deeignate in ~vriting ~ I
delive~d or mailed Lo the debtor, in monthly inatallment~ of Sixty 1~ine eisd 95I1()0~--------- Uollars ~
ta 69.95 co~~~6 r~ret aAy at xavenber , 19 65 ~ aaa cantinuina oa the
firet dsy of ei?ch month thereafter until this note is tully psid, ezoept t~st, i# not soaner puid, the final yment ~
af princip~l and int~.+rest ahall be due aad paysble on Lhe firat day of October , 19 q~ ~
pri`n'3eK~e is reaerved to pnepay at an~ time, ~vithout pre~mium or fee the entire indebtednees or any part
thereof notlees than t,he smount of one ~x~atallment, or one hundred dol~s (i100.00), whichever is leas. ~
If aa~ de8ciency in the payment of any iastsllment under tbia note ia not made good prior to the due dete
af the nezt such i~tallment, the entire principe?1 sum and aocrued interest ahall st onoe beoome due snd ~ay- ~
sble without notice st the option of t~he holder of this nate. Failure to eaercise thia option ehall not oonatatuts
t waiver of t~he right to exerc5ae the ee~me in ths event oi sny subeequent deisult. In the event of defsult in the :
psymant of this note, and if the eame ie oollected by sn attornay at ls~v, the undersigned ~ereby ugree(a? to ,
FsY all c~osta;of collection, includin~g s reasonsble sttorney's fee. ;
T~ note ~ eecm~ed by mo of even date execnted by the undereigned on oertain prope,rty deecribed
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therein swd rap~reeents money sctu y ueed for the acquisiti+on o# eaiti propeity or the improvements thereon. !
Preeentment, proteet, and notir.r~ are hereby waived.
_ . ~
~s~d J. Ka~penhoefer ~
• Ro~aald J. Koppenhoe~er ~
~ ~ [~7 ~
~ - ~s~ ~ Jo Ann Koppenhoefer w_^~ !
. • Jo Ann Korppenhoef~r j
_ ~s~L~ 4
And ghall duly, pmmptly, snd fully perfora~, diacharge, execute, effect, complete, and comply with and abide ;
by each and every the stipulations, agreements, conditiona, and covenants of said promiasory note and of this
martgage, then thia mortgage and the estate hereby created shall ce.ase and be null and void. i
The Mortgagor further cov.eaant+g ae followa: ' ' ~
1. That he will pay the indebtednesa, as hereinbefore provided. Privilege is reserved to prepay at any time,
without premium or fe~, the entire indebtedne~ or auy part thereo€ not lees than the aanount of one mstallment, or ~
ane hundred dallsrs (t100.00), which~ver is less. I
2. Ici order more full~ t~ protect the securit;,- of t}us. mortgage, t}ie 11ortKagor, togetlier witti, and in
ad~lition to, the ~iiont}il~' pa}mentg under the terms of the note secur~d hereb~•, on t}?e first da~- of ea~h month !
u?~til the said rtiote is tully paid, will pa~~ to the Mort~agee, as trustec, (uncier the tcrms of tliis trust as }terein- ; I
atter atatecl; t}ie following suiiis: ' ' ~ ~ x ~
(a) A sum equal to the ground rents, if any, next due, glus the premiums that will nex~ become due and payable
an policiee of fire and other hat~rd in8uranee covering the mortgaged property, plua tsaces and a.9sessments ~
nezt due on the uior#gsged prog~rty (all as ~atu~ated by the Mortgagee and of which tha Mortgagor is
notified) lees all sums already paid therefor divided by the number of months to elapse before one month ~
prior to the date when suc~ ground r~ta, premiuma, taxea, and assessments will Lecome delinquent, ~
+~ch suma to be held by Mortgageeintrusttopaysaidgraund rents, premiuma, tau~es, and spacial asaessments. `
(b) The agg~gate of t~e amounta Pa able P~usnt to eubparagraph (a) and thoeepa
yable otf the note secured ~
hereb~, ahs11 be paid in a~n~e paymeat each month, to be applied to ttxe following items in the order
sta?ted
~ (I) ground renta, taxes, as~asmenta, fire, and ather hatard insurance premiums; .
(I~) iater~t on the note eecured hereby; aud ~
(III) amortization of the prineipal of said note. `
Any deficiency in the amount of suchaggrn gate monthly payment shall, unleas made good by the l~iort-
gagor pr~or to the due date of the next such payment, constitute an event of default under this mortgage.
At Mortgagec's option, Mortgagor will pay a"l~te charge" not exceeding four per centum (4%) of sny install-
ment when paid more thsn fiiteen (15) days a€ter the due dwte thereof to c~ver the eatrs expeuse involved in ~
handling delinquent payments, but such "lata charge" shall not be psyable out of the procecds of any sele
made to satisfy the indebtK.dnesa secured hereby, unless such praceeds are sufficient to discharge the entire
indebtedn~sa and all propsr coats and expenaes aecured thereby.
If the Lotal of the pa~-n?c~nts rnacle b~• the hlort~agor under (a) af para€,*raph 2 prereding 31ia11 exceeci
the amount of pati'n?ent:~ actuall~• n?~,cie bv t~e Mortga~ee, as trustee, tor t;round rents, taxes an~l asse3sc~ients,
and insurance preniiums, as the ce.se rna~•~~~, such excess ahall be credited on subsequent pa}•n~ents to be ~yYade
bti thc Mortgagor for su~h items or, at~hlortgagee's option, rk~ trustee, shall be refuncicd to Mortga~;or. If,
hov~ever, such nionthl~ pa~•menls shall not be suffic~ient to pa~~~ such 1LP.I119 YS'}1Pi1 t}1C SAIilQ 9}18I1 ~eCOiTIP. due ~
and pa~~able, then the ;14ortgagor shull pa~ to thc :~lartgagee, as trustet~, ani• amount nec~er~ ta m~ke up j
tlie de cienc~•. 5u~1? pa~•inent shall lfe m~ie within t}?irt~• (30) da~'s aftc~r w~ritten r?otice from t}~e :l'iortgagee
stating Lhe amount of the deficiency, which notice. may be given by ny time ortgagor shall ~