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Florida No..
Fixed Monthly ........I..nt
io~" 57 ~Auf327
~ST, ujflr CQU~H, HA,~
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MORTGAGE NOTE
$11,_.00
,.....,
,196'
Jacksonville, Florida
FOR VALUE RECEIVED, the undenlgned jointly and severally promise to pay to the order of
GULF LIFE INSURANCE COMPANY, at its office in the Gulf Life Building, J!lck3onville, F'lorida.
or at such other addre< aa the holder from time to time may specify by written ootice to maker, the
principal sum. of
MIifI lWOUIW mI .-UrN .. M/1DO .. - ... .. .. · - - - - - - - .. .. - - DOLLARS,
together with interest at the rate of'" per centmn ( , ?(>) per llnnnm on
the whole amQun~ of aaid principal sum remaining from time to time unpaid, from date until maturity,
both said principal sum and interest being payable in lawful money of the United States of America
in monthly inatallmenta on the dates and in the manner &8 follows: '
...
IiPtr IIIl ~.. - .. .... .. · .(,IO.A
. day of eaeh ail every month. beginning with the li' day of AprU , 19 6) ,said pay-
ment each monU! to be applied first to the payment of interest then accrued on said principal sum re-
maining unpaid, and the balance applied to the reductiun of said principal 8um, until the whole of said
principal aUlD, together with interest that shall become due upon decreasing am3imts thereof, I'hall have
been fully I>l'id.
) Dollars payable on the
II'
Option ia 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 11'% of
the original principal sum of this note. The right to exercise such option is non-cumulative and if the
option is not exercised or not e"ereised in full in a particular year, sllch additional payments permitted
in 8uch 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 first five-year period after date hereof, a penalty
of 310 shall be charged on any 6uch payments in any year in excess of regular monthly pa)ments and
payments aggregatillir 16?(> of the original principal &um in any such year. After five years from the
date hereof, additional payments of $100.00 or multiples thereof, or prepayment in full, may be made
without penalty.
If defc&ult be made in the payment of any of said monthly instAllmentIJ, BUch sum or 8Ums shall there-
after bear interest at the rate of eight per centum 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
due and payable without notice (time being of the eaaence hereof) and shall thereafter likewise bear
interest at the rate of eight per centum per annum. Failure to exercise this option shall not constitute a
waiver of the right to exercise IUch option in the event of any subsequent default.
The makers and endorsers hereof each expre861y waive presentment, prote8t, notice of dishonor and
notice of protest aud agree to pay all costs, including a reasonable attorney'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 herrof, 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 eviden~ hereby and such consent shall not alter nor dimin-
ish the liability ,')f any penon.
This note is secured by mortgage on real eJ.Jtate of even date herewith.
P. O. Address;
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_ (SEAL)
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~ 12.50 in State docu!1'lentary stan:ps
affixed to original Note and cancelled
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