HomeMy WebLinkAbout1690 . a a ,
AOf~O NOh ~ . . - . ' ' .
~ M081~ ~1I:Ip~MNM ' ' ' .
; . MORTGAOF NOTE
~ ~3sC00.00~ . ~ Jaclssoavlll~ F1oxldit ~ l~ebruaty 7 .18 64 •
~ ~ F08 VALUE RECEIVED. the nnderslgaed 3o~atly and aeverally promi~e to p~,y to the order o!
GUI.F LIFE IN~URANCE COMPANY. a~ 3~ office in tha Gnl! Li!'e Building. Jackaoaville, Florids,
. :
or at ~uch other addreas as the holder irona time to t3me may apecify by ~wrritten notice to meker. the
prlncipal anm oi p~,~~~~ .
. iBirW~iO ~ o4M ~'~~~~~~~w~~M~~n~~N~sw~~~~~~~~~~~.~~~~~~
i . .
•~~~~~~~~~~~w~w~r~~~~~~M~~~~~~~~o.~~~~~T'ti/~WV~W?~w~.~w~.~~~~~+~.~~~w~ 1/V~lii.tl~
t~gether wlth in
_berest a! the ~rate of ~~••»•••--~ia»•~•----~-~.p~• centmn 696 ) Per' annnm on
the whole amouut,o~ said prlncipal anm ranainIng imm ~dme to time nnpaid, irom date nntil maturit~Y,
~ . both said principal anun and interest beiug p~ayable in lawful money o! the United Statea o~ Americat
~ in monthly inatallmenta on the~ dates and in the manner as ~ollowa
: ; . . . g3•7~ ' ) Dolt~?rs psyable on the i'irst ,
. y day of each and every monf~; beginaing with the ~ Ptreit day` o! ~1 "',19 6~ , aaid pay- '
ment each month ta be applied flrst ~to the p~yment oi interest then acarued on said principal aam re-
maininB nnp~aia, and the b~lance applied to the redacttoa o! ~aid principal auna, nntil the .whale of sa~Id
P~InciPal aam, tog~ether with intereat tbat shaD beoome dne npon decreasing amo~nts thereof, afiall have
~ ~b? P~ia. ~ . ~
Option ia granted to m~kker herreoi in eaeh year oi the ~ife~of tbis mortgag~e no~e, to mske, ~?ithont pen-
~Y, Pe3?mente o! ~100.00 or.mnltiplea thereof. on the principal hereol, in addltton to the regular mont3r
~Y I~~~ts aPecifted herein; provided aach adcHtionat paymenta do aot in the aggregate, ezoeed ib96 oi ~
the orig3nal principal anm of this noi~. Th~ rig?ht to eaerciae anch option is non-cumnlative and ~f the
option is aot ezercised or not ezer+cised ~n fi~ll in a p~articalar year, anch addittonal payments permitted
in anch year cannot be made in any snb~equent year. Maker alao ahsll be entitled to make fm~ther pay-
fnenta on the priucipal i~ereoi, provided that, daring the 8rst flve-year perlod atter date hereof. a Penalty'
of 8g6 ah$ll be charged on a~y auch payment~ in any year in ezc~as of regnlar monthly paymenta and
Asyments sggregating 16y6 of the original prindpal aum in ~uqq anch y~r. Atter flve yeaxs lrom the
date hereol, sdc~tional paymenta of ~100.00 or multiptes t3~ereof, or prepayment in full, may be made
without penatty.
I! default be made in the pa~y~ut of any ot asid month~y inatallm~nts, aach aum or smna ahsll lhere-
. afte~' bear interest at the rate of eight per centnm per annnm antil paid, and, st the option of the holder
hereot, the entire principal swn then reznaining nnpaid arith accrued interest ahall immediate~y beoome
dne aad paqable withoat notioe (time bei~ag of the easenoe hgreof) snd abaU thereafter likewias bear
interest at the rate of eight per centum per annnm. Failnre to eucerciae this option ahall not oonatitute a
waiver of the right to ~~cercise anch option in the event o! any anb8eqnent defanlt
The mslcers snd Endoraers ~ereof eitch eapressty rvaive pre~entment, protest, nat~oe o! diahonor and
notioe of prat~eat and agree to pay all ooats, including a reaaonsble sttorneq'a fee, arhether auit be -
bronght or nok i! s~ter maturity of th~a note or default he.revnder oow~el shall be employed to collect
thia note or suy montlily instsllment dne here~mder. and cansen~ #hat the holder hereof, at the requeat
o! any, other pereon liable hereon, may eztend the time of payment or other9vise modify the terma of pay-
ment of aqy part or the whole of the de~it evidenced ~ereby and auch consent ahall not atter nur dimi~
ish the liability o# any person.
T4~ta note is aec~ued by mortgag~e on real eatate of ~ven date herewith.
P. O. Addre~a: ~ (SEAL)
606 So. 5ttz Itiarv3n ~e
Fbrt Pierce~ Fl+oarida -
~ (SEAL)
. _ ~ ~ 8'thel ~e . .
~ Endoraera: . ~
. . . . .
, d in State documentary atamps ~
at8xed ta original Note and cancelled. - .
,
R; 81. .
_ ooK - • - 340
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