HomeMy WebLinkAbout1292 T • •
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The Mortgag~or hereb~ ooven~nta ~vitb the Mortgagec~, th~t he is indetea$ibly eei~r~ed of eaid land in fee
imple or eucb otLer eetate~ tf ~?ay ~as is st~?ted herein; t~u?t he ~a full pu~rer and bvvful right to oonve~ the ~me
ae aforeeud; thnt the lxnd is free from all encumbrsnoes escept as herein ot6erwise recited; t~u?t esid~l+tnetgag~or
vvil! make such further ~as~:ruwes Lo prova tbe aforeasid tit1R to e:id laad in e:id Mort~gee ~a msy be re~eon-
ablyrequired, snd t6at srud Mortgagor ~Mes hereby fully w~rrunt the title tu asid land, and every p~rt t,hereof,
aud will detend the eame ag~inat Ghe L~v;Cul clai.ma of i?ll peraona ~vhomsoever.
P~OYIDBD ALiYAYB Y~t If ~8 ~~Or~'8g(iP 8b~ pt~ 11II~0 ~tl MOC~~'~ tLRt OBCt#lYl ~11''OYIl18901'y note, csf
~Y~11C~1 tL1uAW1O~ l8 L BilbBtiII~ OO~)f~ t0 Wl~r~
_ 6 ~ ~ ~ Fort Pie rc 19 , ~lorida.
Septenber 30 ' 65
FOR VALtIE R1CCiIY~D~ the undere~gned promiee(e) to p~sy to
VAi~GUA~tD MO~E CQ~g'ANY
, a oorp~oration organised and e:istin~ under t6e
~ the St~te of Florids , or order, t~he principal sum of ~elve ~ousand Six Httndred
F~.fty and No~100___________________....----- Dollara (i 12,650.00 with interest frna, date at
the rj?Le ot Five aild ar~e-qusr~ter per ceatum ~J'o) per annum on the unpaid balance until paid.
The said principal snd interest ahall be payatile at the office of v~~~,d Mnrtgage Canpar~y~
710(? B3.sca~me Boulevard
inbiiami, 3~3: Florida , or at such other p1aoE a8 the holder may deaignate in writing
delivered or mailed to the debtor, in monthly installments of SiXty Nine atld gj/100-----__.._ ~
69 • 95 com~encing on the firsL day of Nanrember , 19 ~5 , and oontinuing on the i~ ~
fir~t day of eseb month therea,fter unt,il thia note is fully paid, ezcept thst, if not eooneir e final yment
of principal and interest ahall be due and paya
b
le on t he fi r
at day o f ' S e
p
t e
m
ber , 1 9 g~ ~
privil'ege ys reaerved to prepsy st ~n~ time, wi t
hout premium or iee t
he en tire in
de
b eee or sny p a
r
t
thereof not lees than the amount of one usstallment, or one hundred dol~ars (~100.00), whichever is lese.
If any deficaency in the ~aym
ent of any inatallment under this note is not made good prior to the due date
of the next such inatallment, the entire principal sum and accrued interest ahall at mnce become due and ~ay-
able without notace st the option of the holder of this note. Failure to e~ercise this option ahall not oonat~tute
a w,~iver of the right ta exercise the sa,me in the event of anq aubsequant default. In t,he event of default in the
payment ot this note, and if the sarae is collectt+d by sn attorney st lsw, the underaigned hereby agree(s) ta
pay all costa of collection, including a reasonable attorney's fee.
This note is seeur~d by mortga~e o# even date executed by the undersigned on certain property d~ribed
therein and repr~e~ents money actually used for the soquisition of said property or the improvements thareon.
Preeentm~nt, protest, and noticp, are hereby waived.
~sLw Ronal,d J. K~mpenhoe~er_ `-w----• [~l
~ Ranald J. Koppenhoefer
~
. ~s~ ~ _ Jo Ann Koppenhcefer ' , ~~J
- J'o Ann Kappenhoefer
[s~+L]
And shall duly, promptly, and fuliy perforrn, discharge, execute, effect, complete, and comply with and abide
by each and every thQ stipulations, agreernents, conditions, and covenants of said promissory note and of thia
morGgage, then this mortgage and the estste hereby created ahall cease and be null snd void.
The Mortgagor further covenants ttis follaws: '
1. That he will pay the indebtednes3, as hereinbefore provideci. Privilege is reserved to prepay at any time,
withaut gremium or fee, the entire indebt,edness or any part ther~o€ not lese thr~n the a~ount of one installment, or
one hundred dollars (~100.00), whichever is less.
In onler more full~• to protect the securit~' of this moriga~;e, tlie ~1ort~;~;or, to~;etl?er w-ith, ftnd in
a~l~lition t~~, the~ uio~ithl~• pa}•mc~nts under the teru~s of t}?c~ note sec~ure~l 1~ereht~, ~~n thc~ first (~fl\" Of Pfi('}I I11011(Il
ur?til the~.aid notf~ is full~• ptiid, w~ill pa~• to ti:~~ Mort~a~;ee, as truate~, (ut?dc~r tlu~ t~~ruis uf this trust tis hE~rrin-
:ift~~r stat~~d) the follow~itig 5uuis: ~
(a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and paya~ale
on policies of fire and other haz~ard insurance covering the mortgaged pmperty, plus taxes a.nd assessments
next due on the mortgaged property (all ae estimated by the Mortgagee and of which the Mortgagor is
notified) leas all aums already paid therefor divided by the number of months to elapae before one month
prior to the eiate when such grount3 rents, premiums, taxes, and as~essments will become delinquent,
such aums to be held by Mortgageeintrusttopaysaidgroundrents,premiums,taxes,andspecialat~.sments.
(b) The aggregate of the amounts payable pureuaut to subparagraph (a) and taose payable on Lhe note secured
hereby, ahall be paid in a single payment each month, to be applied to the following items in the order
etat~ed
~ (I) ground renta, taxea, assessment8, fire, and other haLard insurance premiuma;
(II) interest on the note eecured hereby; and
(III) amortiz~tion of t6e principal of said note.
Anv defir.iency in the amount of such aggregate monthly pay-ment shall, unless made good by the ~iort-
gagor prjor to the due dat.e of the next such payment, const~tute an e~ ent of default under this mortgage.
At T~ort~agee's option, Mortaagor will pay a"lat~ charge" not exceeding four per centum (4%) of an~~ instail-
ment when paid mora than ~tteen (15} daya after Lhe due date ther~f ta cover the extra expense invobed in
handling delinquent payments, buG such "late charge" shall not be payable out of the pro~~eeds of any sale
made to satisf,y the ~ndebtedness ~ecured hereby, unlesa such proceeds are auf~icient to discharge the entire
indebtedness and all proper costs and expenses secured thereby.
I[ tht~ total of t)~c~ pfiS-n~ents niade b~~ the ~lort~~;or uncler (ct) ~?f pnragrnpl? preceelin~; shall exceecl
the uinount of pa}-ments n~•tuall~- ~nad~~ b~• t~e MOrtga~ee, as trustee, for ~;rc?un~i rent5, ta~es an~~ usst~sn?ents,
and insuranee~ iueniiunis, ~ ttse ~~ase~ ma~•~be, su~h eY~e~ss ~hall be rreclited on suVzse't~U('Ilf ~18~'lllPnts to be niadc~
bti• the :44ort~agor for surt~ ite~ns or, at \tortg~f~e'y optior?, ti•iistee, s}~all hE~ mfuzuled to ~i~rt~~cx'. 1f,
}?owe4er, suefi mont}~l~• pa~-ri?ents ahull not bk+ suffi~~ient to pu~- such iter2is w~iien ttic~ same st?all tjecome ciue
and pati•able, then the~ ~~ortKa~?or shall pa~- to th~• ~1ort~a~±~n, a.~ trustec~, an~• aniount necess~r~- to make up
tiie de~icienc~-. tiu~~)i pa}-n~e~nt sh~ll hc~ ni~<le ~-ithin t}~irt~- (:i()j du~-s ~fter w-ritte~? rzotice fro~n ti~e ~'[ort~a~;ee
st~it~ ~~ount of t~pd~ ficien gC~~l~ic,~~otice may~e g~en by r8a~ ,~r~ nq Gime~t~~ortg~gor shall
7J 1"~'' y 4 ~+~oK 1.~~