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Home My WebLink About0913 . t ~ . . . ~ . S , t . ~ . ~ ' ~ Tha Martgag~or bereb~ ooveaants wit6 t6s Moriga~scy tbat he it iadeteaeib~y seized of s~id Lnd in fee simple or sur~ otber estst~e= d ur' as ir stated heniin; t~u?t he Las tull pnwer ~?nd Lwful right ta oonvav tha eume ~e aiorea~id; tbst t6e 4nd js free ~ronn ~ll encambranoes e~oepL ~s herein oti6erwise recited; th~t sa~d~arLgs~ror ~ will make sur,h iwther ~asnr~?aoee to pro~e tbe afores~~id titk to aid W~d ia eaid Mortgagee as m~~r be re~eon- ablyrequired~ ~nd tbsr aoid Mortgagar cloee hereby f~ wrurant t6e title t~ said land, and every part thereot, ~ad w?ill deiend the same agwiast the lww~ful cZaia~a oi pereons wfiomAOevar. i PSOVID~D ALw~Ta th~t if the Mortgag~or ah~ll psy unto the Morigagee thst cerf~ain promi~eorq note, of ~ rvhic~ Lhe iollowing i$ ~ substantiwl ooPp, to wit: ~ i 12,650.00 ~brt Pierce , Florids. ~ Sept~ber 30 ~ 19 65 ~ Fo$ Vni.vs Rscr~[vsn, the undec~ned proa~;ee(a) to PiY to VA1~AFiD MORT(~AGE CQ~ANY , s oorporstion oigani~ed and ezistin6 ander the ~ la~vs of StBte of Florids , or order, the principal sum of '~aelve `I~laussnd Six Hundred ~ ~'if`ty and No~100------------------..--_____ Uoilars (i 12~6~0.00 with interest from date at the rste of F`~,v~e and o~e-quarter per cenfi,um ~J'o} per annum on the unpaid balance until paid. The esid prineipal and intere8t a6a11 be paya6le at the og'ice af V~~~.d Mortgage C~pany~ ~ ~ 71UU B3.sca~me Boulevard ~ ;nr~t~ 38, ~~da ~ or at such other p1aoE sa the holder may designate in writing 4 delivered or mailed to the debtor, in manthly installmente of Sixty Nine and 95~100--_______ Dollars ~ t= 69•95 ~~~~8 on the first dey of Nov~nber , 19 65, aud continuing on the 6rst ds~ of each month thereafter until this note is fully psid, ezcept that, if not aooner paid, the final yment ~ of princapal and interat shsll be due snd psyvble an the first day of October , 19 9~ ' priv~'1~ge ~a rcaerved to pr~pay st any time, without premium or fee the entire indebtsdne~ or anp part thereof not lees than the amount of one instsllment, or one hundred dol~ara (a100.00), whichever is lesa. ~ If sn~r deficiency in the paym ent af any i~stallment nnder thie note is not made good prior to the due daLe ~ of the next such inaLaWnent, the ent,ire princ?p~l sum and scc.rued inte,rest shall at once become due and ~ay- L able withaut notice at the option of the holder of this note. Failure to eaercise this option shall not oonstatute = a waiver of the right to ea~rcise the same in the avent of any subeequent default. In the event of default in the ~ psyment of this note, and if the same ie collected b~ an sttorney at lsw, the underaigned hereby agree(s) to pay all oosts of collection, including a resaonable sttorney's fee. ~ Th.is note is secured by mort~age of even date executed by the undersigned on certain property dsscribed { therein end rept~esents monep sctua7ly used for the acquisition of eaid property ar t~e impmvemente t~ereon. ~ . Presentment, protest, and noticfs are hereby waived. ; ~sL__ Roasld J. Kcr~enhoefer [~,,1 ~ - Ronald J. Koppenhoefer ~ [s~L] ~ ~ ~s~ Jo Ann Koppenha~fer _W.___~_ [s~L~ ~ Jo Ann Kappenhoefer ~ [s~,i,] And ahall duly, promptly, and fully perform, discharge, execute, ef3ect, complete, and comply with ~nd abide by each and every the stipulations, agreements, conditions, and cuvenants of said promissory note and of thia mortgage, then this mortgage and the estate hereby created sha11 cease and be null and void. ~ The l~iortgagor further covenants as followa: ~ ' 1. That he will pay the indebtedne.~s, as hereinbefore provided. Privilege ia reserved to prepay at any time, without premium or fee, the entire indQbtednegs or eny part t,hereo€ not less thau the amount of one installment, or ~ ane hundred dollars (i100.00), whichever is less. ~ 2. In orilcr niore~ full}• to protr~c•t lhe securit~• o[ tliis mortga~;e, tl?e ~tort~;a~;c~r, to~;~•tlic~r witJi, tirui in u~l~iition to, th~~ n~onthl~- pa~'n?ents uncler the tern~s of the note g~rurecl h~reh}•, ~~n thc~ first c~a~- ot e~ac~h nirn~t)i until thr suid not~ is full~• paicl, w'il! pa~• to thc~ ~tort~ti~;t°t°, ~s tru5tce, (undc~r t}u~ trrn~s of thi~ tru;t h~~r~~in- ~ a[t~~r stt~ti~c1) the (ollowing ,unts: t: (a) A sum equal to the ground renta, if any, next due, plus the gremiums that will next become due and payable ~ on poGcies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments ~ next due on the mortgageci property (all as estimated by the Mortgagee and of which the Mortgagor is ~ notified) less all sums already pa?d therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes, and a~.gessments will become delizquent, such ~sume to be held by Mortgageewtrusttopaysaidgroundrents,premiuins,taxes,andapeciala~ssessments. (b) The aggregate of the amounta psyable purausnt to subparagraph (s) and those payable on the note Recured herebq, sh~ll be paid in single payment each month, to be applied to the following items in the order ` stated : ~ (I) ground renta, taaes, assessmenta, fire, and other hazard ii?surance premiums; (II) intere~ on the note secured hereby ; and (III) amortization of the princrpal af said nate. ~ Any deficiency in the amuunt ot such aggregate monthly payment shall, unless made good by the ~1orG- _ ga~;or prjor to the due date oE the next such pavment, constitute an event of default under this mort~a~e. At 1~'Iort,~;agee's aption, Mortg agor will p~y a"late char~c" not exceeding four per centum (4%) of an~' 1I1318I~- x ment when paid m+~re Lhan fiheen (15) days after the due date thareof to cover the extrn expense in~•ol~•ed in handling delinquent ~aYments, but such "late char~;e" shall nut be payeble out of the pra~eeds of ari}• sgle made to saf,isfy the ~ndebtedness secured hereby, unless such proceeds are aufficient to clischar~c the entire indebtedness and all pr~per cosCs and expenses secured thereby. :i. If thE~ t~tal of tlic~ pa~-~ne~nts nia~ie L~- tht~ :11ort~;a~;or uncl~~r (a) of pnr:irtxpl~ 2 pr~~~•e~~ling slinll ~~xc~e~ecl the aiiiount ~~f pa}'n?a~nts a<•tuull~- ina~lc~ b~• t~ie ~1ort~a~;ee, ~ truste~, for ~~roun~l rrnis, tti~es an~1 a.5s~~ssnients, anr~ insuranr~~ prri~iiuiits, u.ti thr c~z~.~:~~ n?a~-~tx~, curh ex~•~~s~ shall h~ cr~~+litc~ci oii .ut~st~yurnt pa~•nu~nty to 1x~ uin~ie - b}- th~ Ztortga~;or for suc~h iteins or, ut ~1~~rt~a~~~~~', opl~on, as tru;tee~, shtall hE~ ri~iwu~ed to ~tort~arr?r. If, how•c~~•er, sueh n?or:lt~l~• pa~•nu~nts shull t~c?t be~ sufii~•irnt to pa~- surh it~rins w~h~~n tli~~ ~sintc~ shflll b~~e~omt~ eiuc~ und pa~'nt~]e, th~n the~ :~Ic~rt~ii~;~~r 5ha11 pa~~ to th~~ Ltort~aKrc~. t~.5 tru,te~~, ttn~• i~i~u~unt nt~e•t~ssar~• to mr~kc~ up . t}?e ~It~fic•it~n~•~•. ~u~•h pH~-i~~c~nt shiill l~r nia~le~ ~t•ithin tl~irt~' (30) ~la~'~ uftt~t' µ'i'lI~('n nciti~~~~ froi?~ tl~t~ ~ic~rt~a~;e~E~ stating the amouiit of th~ deficien~ w} 'c,~ otice ma e i~en by r~a~. ~F~}~ny time~t~jc~,~lortga~or svall BCOK ~ B~aK 1:~