HomeMy WebLinkAbout2066~~,`.`~ ~ 52 i ~s~ 2
Florida Nota
• Fixed Monthly ;nstnllment
12 000 00
MORTGAC3E NOTE
Deaeatber 12 ~ ig 62
~ , Jacksonville, Florida
FOR VALUE RECEIVED, the undersigned jointly a Gu 1fvLifel Build ng, Ja kaonvill e F orida,
GULF LIFF. INSURAIvrC>i: COMPANY, at its office in the written notice to maker, the
or at such other address as tiie holder from time to time may specify by
principal sum of
--------------..__-_____-- DOLLARS,
T4~ELYE THOUSAND ~ N0~100 ---------- .
slx per centum ( 6 qo) per annum on
together with interest at the rate of
the whole amount of said principal sum remaining from tame to time unpaid, from date until maturity,
both said principal sum and interest bung payable in lawful money of the United States of America
in monthly installments on the dates and in the manner as follows:
gl(}~y_gt•~ & g8/`1.00 ------- g 85.98 )Doll a a 1 nthe 1st
(~ 1st ~b' ~~-i7 , ig 63 ,said pay-
day of each and every month, beginning with the say of
ment each month to be applied first to the payment of interest then accrued on said principal sum re-
maining unpaid, and the balance applied to the reduction of said principal sum, until the whole of said
principal sum, together with interest that shall become due upon decreasing amounts thereof, shall have
been fully paid.
Option fe granted to maker hereot 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 munth-
ly payments specified herein; provided such additional payments ao not in the aggregate, exceed 16go of
±he original principal sum of this note. The right to exercise such option is non-cumulaen~ apnei~ltt ~d
option is not exercised or not exercised in full in a particular year, such additional paym
in such year cannot be made in any subsequent year. Maker also shall be entitled to make further pay-
ments on the principal hereof, provided that, during the~ftea;rii ex eas o regularemonthlye payments and
of 3% shall be charged on any such payments in any y
payments aggregating 16go of theoi rii~ 00 or multiples thereof, or prepayment in full,emay be made
date hereof, additional payments ~
without penalty.
If default be made in the payment of any of said monthly installments, such sum or sums shall there-
- after bear interest at the rate of eight per cent~.tm per annum until paid, and, at the option of the holder
hereof, the entire principal sum then remaining unpaid with accrued interest shall immediately become
duo and payable without noticeer Ce~um per annumeFailurehto exercise thisaoption shall notkconstitut as
interest at the rate of eight p
waiver of the right to exercise such option in the event of any subsequent default.
The makers and sndoroera hereof each expressly waive presentment, protest, notice of dishonor and
notice of protest and agree ~ pa of thi~a notes orl default hereunderlcou eel shall be employedrto collect
brought or not, if after maturity
this note or any monthly installment due hereunder, and consent that the holder hereof, at the rern.~ea
of any other person liable hereon, may extend d ntePd hereby and such consent she llnot alterrn r dimin-
ment of any part: or the whole of the debt ev
ish the liability of any person.
This note is secured by mortgage on real estate of even date herewith.
Ro C Coo er S
fit. : ? ~rG^ ~ - 1~:,.
Sarah W . Cooper-- ---- - ----------------(SEAT.)
Endorsers
$ 12.00 in State dl~umcntary stamps
atiixed to original Note anal cancelled.
/p1111 kO. It14