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~O W{~ ~O ~~IP SqRIP, I(~PI/1P~ U~1~~1 ~~IB ~PIIP/?iPlllf, hareditomenls All~ A~~4/~P
nancrs 1~~~•rrla ~?r~un~~in~. ~~u~ I~~r rnnls. issups an~ pro~iis Itipreo~, uhfo I~e morlqugee. i~ lre simpls. !
1~u• morlna~~ur coi~~e~anfs u~ilti I~~e morfga~ee I~at ftis morlgar~~ ia indefeasib~y seizer~ o~ said ~
1 ~an~~ in (rp sim~~~~: tl~nl f~~ mortga~or hns good rigti! an~~ ~au~Ju~ nuttiority fo co~i~ey sai~ ~anc~ us a~on-
i sai<~: I~~nt t1~e murf{~a4~ur ~ri~~ ma~N surti ~urther assu?ances fo pe?(ecf f~te ja~ aimple fifl~ to snid Iand in Ihe
~ mort{~n~~e~ ~s n~ny r~sonaGly ?~ui?~cl: fl~at Ihp mortgagor hsre6y /ully wanants tl~s tltls !o aoid land
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and u~ill defrn~l Ihe samP a~~Qins1 Il~e ~au~~ul c~aims o~ a« penons w~omsoever: antl Itia! :a~d I~d t~ J?ts
an~ rlrar iil ~n~-um~~rnnc~s
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$~V(~ TUW~S~ ftiat i1 saic~ mortgagor shnll pay unto said mo~tgagee fhe ce?lain promis-
~.~w ~IAIP ?~Pr~innllrr suhstnntiallv copicc~ or ic~enti~ieel, b-u~it:
$ 120,000.00 Fort Pierce. Florids J~y 2, 19T1 19ZL
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j FOR VALUE RECEIVED. the undersigned. jointly and severally, prnmise to pay to the order of -
~ Norman K~penhoefer and Solvig Koppenhoefer, hia ~ife,
One Hundred 1lrenty Thousand end OOjl00tha (.~120 00 ~0)-----~------ DOLLARS,
at _ Fort Pieree,__~lorida or auch other place aa
the holder hereof may designate in writing, together with intereat from date at the rate of
per centum per annum. on the unpaid balance until maturity. The said princfpal and interest s a be
due and payable gs lollOMS :
Interest on~y shall be payable Yor a period of one year in monthly Sn-
~tallments or ;600.00, the firat monthly payment due one month from date
~i of cloaing. Yithin one year from the date of cloaing, a principal p~r-
~ ment of 313:000.00 ahall be made. The balance ot the mortga~e shall be
r paid in month],q inatallmenta of t700.00, monthly installnent to be applied
firet to intereat and then to prineipal. Said monthly p$qments of #700.00
shall commence one year l~om the date of cloping and ahall continue eaeh
month thereafter until the note ia fully paid. !he mak~ra ha~e the right ~
to prepa~ thia note at any time rithout penalty.
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If defa~.~lt be made for 60 daya in the payment of any installment of princIpal or interest or
~+n~ part thereof, the whole sum then .remaining unpaid with interest ahall at holdsr's option become ~
dce and payable without notice. Failure to exercise such option shall not constitute a waiver of the
right to exercise the same in the event of subaequent default. After maturity both principal and accur- ~
ed interest Phall besr interest at __~_-~_per centum per annum until paid. The makers and endorsers ~
of this note further waive demand, notice of non-payment and protest. If thia note is not paid at matur•
ity and the same is placed with an attorney for collection, the makers and endorsers hereof agree to pay
ail co3ts of eollection, including all court costa and reasonable attorney feea.
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~ , ?r~~ ~ BOOI( ~t7V `/7 ~%r~~~ ~ (SEAL) : 1
1Ca~Fileen-Ann -PF"re~s, hia Mi i'e
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