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Florida Nofe
Fixed Monthly Installment
$ 12,500.00
CT ":~ ~-- ~ -. -: ~
MORTGAGE NOTE
.facksonville, F1orlda Deoem~beii! 12 ~ 19~~
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of
GULF LIFE INSURANCE COAiPANY, at its office in the Gulf Life Building, Jacksonville, Florida,
or at such other ad;lre3s as the holder from time to time may specify by written notice to maker, the
principal sum of -
TWELVS T`HOU3 AND FIVE ` HUIdDRID ~ NO/`100 - _ _ _ _ _ _ - _ _ .. _ _ _ _ _ _ _ _ _ - DOLLARS,
per centum ( 9') per annum on
together with interest at the rate of six ~ o
the whole amoun± of said principal sum remaining from time to time unpaid, from date until maturity,
both said principal sum anti interest being payable in lawful money of the Jnited Sta+ea of America
in monthly installments on the d,ites and in the manner as follows
EIQHZ')(-NINE da 57j100 ------ ($89.57 )Dolls e~~the lat
day of each and every month, beginning with the tat day of ~~~~~z-y , 18 63 ,said pay-
ment each month to be applied flrat to the payment of interest then accrued on said principal sum re-
maining unpaid, and the balance applied to t}ie reduction of said principal sum, until the whole of said
principal sum, together with interest that shall become due upon decreasing amounts thereof, .,nail have
been fully paid.
Option is granted to maker hereof in each year of the life of this mortgage note, to make, without pen-
alty, payments of $100.00 or multiples thereof, on the principal hereof, in addition to the regular month-
ly payments specified herein; provided such additional payments do not in the aggregate, exceed lb9'o of
the original principal sum .,f this note. The right to exercise such option is non-cumulative and zf the
option is not exercised or not exercised in full in a particular year, such additional payments permitted
in such year cannot be made in any subsequent year. Maker also shall be entitled to make further pay
menu on the principal hereof, provided that, during the first five-year period after date hereof, a penalty
of 3 Jo shall be charged on any such payments in any year in excess of regular monthly payments and
payments aggregating 16°fo of the original principal sum in any such year. After five years from the
date hereof, additional payments of $140.00 or multiples thereof, or prepayment in full, may be made
without penalty.
I! default be made in the payment of any of said monthly installments, ouch sum or sums shall there-
after bear interest at the rate of eight per centum per annum until paid, and, at the option of the holder
herec~', the entire principal sum then remaining unpaid with accrued interest shall immediately become
due and payable without notice (time being of the essence hereof) and shall thereafter likewise bear
interest at the rate of eight per centum per airnum. Failure to exercise this option shall not constitute a
waiver of the right to exercise such option in the event of any auane~uent default.
The makers and endorsers hereof each expressly waive presentment, protest, notice of dishonor and
notice of protest and agree to pay all cos'cs, including a reasonable attornQy's fee, whether suit be
brought or not, If after maturity of this note or default hereunder counsel shall be employed to collect
this note or any monthly installment due hereunder, and consent that the holder hereof, at the request
of any other person liable hereon, may extend the time of payment or otherwise modify the terms of pay-
ment of any part or the whole of the debt evidenced hereby and such consent shall not alter nor dimin-
ish the liability of any person.
TYie note ie secured by mortgage on rP.al estate of even date herewith.
P. O. Address
~Ol Souti: i7t1. Street
_'oz-t; Pierce, r.-or_da
Endorsers
$ 12.50 in State c!ocumentary stamps
affixed to original Note and cancelled.
--------...Stephen..A....-I?t3..s~k--------------------- (SEAL)
.............FX:a-?~G.e.S...C-....I'~~-.S~.l~...---------- --- --(SF,AL)
IOAM HO. IlU