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MORTGAGE NOTE
, 12,OCO.OO
J ",c.lUOOVlUt'. F10tldA
.1962
IMtlf~J' 1_,
FOl~ VALlIE HECEIVED, th~ utldcr:\lgn~' jointly and .CVC,f6Ily jlwmi!e to l~,Y tl' the Df,1er of
GULf.' UFl'; INSt'HA:--:CC COMPANY, I.lt 1t.'S (A&e In ~h,) Gulf Uf~ HuliJln~. J&CKl\{)n'.'lllo, Florid..
Dr III l!ud\ (,U,a ad.Jr.'~ Ll$ th-t' h.older from Umu tD limo nay sp;:dfy by wriHtl\ nutkc to mAltH. th~
lnincipal a,WI of
o:J:\fELV.~.xD .00 l'JiJ/1OO · - .. · .. .. · · · .. ... ... .. ... .. ,. ...
.. ..
Dt,U..AfiS,
.. ...
tox-dhH with IlltCf('!rt at the rllt!' or Silt" rw:r centum ( 6 ~ j p\!r Annum on
tho who!\.! nmount of &.1,1 pl Indl'ilt llum fC.I1lAlnlf\g (rom tlm" to tlm',) unp~jl!. from dAt.-, untJI m.aturil}',
both #'3.id prindi'1\1 sum li.nrl Int('n:-'ll hdu~ paYl\b!,~ in !awful mOHo)' of tho Unllc.,J StAh>1l or Amerlc.a
in monthly ir~t(!lllm'ilU on lhd dat-ea and in the lJ'\Al1m~.r tL'i f{.,Utjwl'
6c~nty..s4)V'011l.m 32/100 <<c...;t.", ($TI.'tC ) 1)"ll"t'?4pLlconLh$ 121\
tiAY or ~llch and OVi'ry rnol.th, ocg-lnnJnlf ....Ith 011) let dn}' of h'i:u'\..wr,y , 19 6) ,aald V41'
l.l11.:nt (,8ch month tt) 00 apvHr<l nut to the pA)'Jltt-nt of intt'r~3t then ~.cnJ{.d (;[\ a.ahl princlVi\\ s~un ~
tnAlulng unplild, and thu haL.\nce applkd to the TCihlcl!on or D!d prlllcip.!\l sum, until th\3 w~vlu or Mid
prlndpal 3um, toadhcr with intt'rl'At thAllh~1 bci.'Omu due U;>Ql'l d~,,~lna lU'Oount.& tnt'f(o.)f. ahAll have
been fully r.allt
OptIon II! )ComttO t.? makAf hnoof In Udi yur or th/! lift or th!.a mortg'..g-a Mt1\, to mUff wlVtout pen'
alty. p.wmcn~ of $100.00 or :multit\h'. thCTMf, Of'! tho prlnclr'a) h\.'N'()1, In llIdd!tion to the f{-gulu month.
ly Il!\,'mC'nt. lJp<<{I1oo herein; provided such f\dJiUonAl payrMnU do not In thfl aRin'illt~ t'l.e'X-d lo~ of
tjl(l orlg-inal prIncipal .urn ot thh~ note. The tl~hl to f'HrciMl auch option l~ non-<:umul.1lili() &nJ it tht
option ill nut ilxI)rdsw1 or not exl~rd",,'d In tuUln 11 -p3rticul.o.r yeAr. luch additiOnAl p!l~'manu permitted
in 8lH:h }t'fit \'flnnol 00 rn&da In Any lubll>N1tlf'nt YeAr, Muor >>00 &hl.ll be enmied tv ma.h furtn(:{' ~t~
rn(mL~ on Uw principal herf>(lf. ptovldc,:\ that, during Ute ftnt fiw-y,~r r*,dod 3fter date 11(,reof, it j)6nA.lt,Y
or ~ '.X all&lI be rhe.rgrJ on Ill}' such paymenu In Any year In !"^c~u of 11':gUlAr monUlly payment!! ami
pi\Yn1f'ntlt l\gl{Tcj(3tIng 15% of tht' orlgirul prlnclpal .urn In I\.ny 511t,;h YI.'.tr. Aft~r five p~-M!\ from tho
da!~ hereof, ~d.Jillvnal ptiymt:ut4 of tl(){),O{I or mulUple. t.ht.'reof, orpr\lpaYll'~t in fun, mAY biJ tnade
without JjCll.fJty,
It d~fA\lll be mad~ In thn pAy1I'Ieni of any ()( uJd monthly instAllmenta, $uch aurn or IUnu &han th6re--
Mtt'j t)<;ll: lnt~rMt at tho ratc (;f eIght pt'r c-t.'ntum ~r l\.1U1um unUl :pAId, and. at tho option of the holder
h(!['t.'Of, till: mlire prindpal $l,lm tht'f! tf'lluinlnr un~d with lH'crue.J Inlt'rE'3t. a.hAH ImJnooiatcl}' beo::fO€f
JUl' and p~yabl" without nvt!cf,l (timo l'llinj{ (1( lh~ f"MeDC't\ nC'f(,oO and .hall thCt~ft~r likewi~ lwar
Int.etC'st nt tho fat., of dght pH centum P<'f I\lln;lffi, Failure to ~xerd.k' l~16 option thaIl not ('~)n!Jtitt:~"
walY;:f of the right to ~crd~ 6uch option 10 the cVi:ul of /iny iUOSl.:oflUent ddault,
Thn maK<::fa 1.!1d endoneri hereof ~a(:h upl'('~sly wain.. pr~ntment, pr-otct'il, Hotk@' of dlshonQr and
f\QtJC('l of prote~t and agroo to pay All c-oatA, including a ft'AiDnsMo atturner'& toe... whelher luit be
biOllKht tor nOl, if a!t(,r tMturlty (lt Ud8 flote {IT defAUlt hC'teund~f' e-ounAt'l ebBH M t~.iflployr--<1 t.o colle-d
thls not,,' or !Lni' monthly !rutaltmenf. due ht'f~Ul1!ler. lind {'OM('ot !.hat the l'lOl.jH hert-ot. at U,l) f~UUt.
of liny other pi:'uon llAbie ht'tt)(Jn. nuy ('~tt-lld the U.m~ of paymf-nl or uthcrwlM modify ~ termll of P&y.
Ull'nt o( A:l)' pltrl or the wholo of lb, dent l'vid(;oc,.;J her(;oy and luch c.uD.&('nl AhaH llot alt.cr nor ullnin.
tab tho llAbllity ot MY peuon.
Tha note III S(Xun-.d by loortf.iaze on rool i'..Il.-ittP. of fJVm dAte here'WIL~
P. O. Addrt'u: 8/0 PAlrift AVI'MUti'.,1
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