HomeMy WebLinkAbout2435 r......,
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14o~ido NoN
19~c~d IIA~ontidy Ins1alMMt'
MORTi3AGE tVOTE ~
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i 25~000.00~ JacksonvWer FloMda ' ll~oril 18th .1~
~ FOIt VALU$ ItE~CEIVED. the nnderalgned ~o~ntu? and sevenlb? Promi~e !o p~ bo tLe order oS
GULF LIFE INSiJRA?NCF COMPANY. at its o~oe ~In the Gal! Liie Buildin,g. Ja~cksonvlll~ Flcrida.
or at auch other nddrees ss 'khe holder from ttme to t~ m~U? aPecily? bY wrltteu notioe to malcer. the
~ prtncipal sum of ~ ~Yve '~ha~us~tnd 'ead 1~1A0•-•••-....~.~N~................«......_•••
- ~~~~~N~'~~N~w~~~~~~~~?rM~~~MRNrNNM~N~~~~~r~~~~~~~MiA~~~w1~rMM~M~~lM ~I/I~
' ,~0$@~1@! WI~1 ~Dt@~'3t ilt ~18 tlttA O~~~~•~•~,Y••«.•..N•~.• ~ 0@II~l (~.'""'6 P@1' ADIIZlID OII ~
the whole amonnt o# ssid princ~p~al aam remsining irom ~me to fime unpe~Ild, lram date nntil matnrit~?.
~ both aaid princ~pal anm and .intereat being p~qable in lawful money of the United St~te~e o! Americ~
~ in month~y inatallnaents on the dates and in the msnner ua iollows: . .
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~ d~ o! e~ch and every month. begtnning with th~e
~~Yret ~ Dolkra p~yabk on the Slreb
day of J~ ,!~4 . a~Id p~?-
ment each nianth to be applied 8rat to the p~yment oi intereat then ~ccrued on s~id princip~l aam re-
~ msiaing nnp~dd, and the b~ala~eoe applled to -the r~dnction ai aatd principsl sum, nntil the whole oi asid
~~P~ ~ther with Inter~at that ahall beoome dne upon decreaaing amounts thereoi, a~sU hi~ve
~ ~ ~i? P~c1. .
~ ~Ption is 8ranted to n~er hereo! in esch yesr o! the lile of this mortg~g~e no~Ee, to make, wlt~ont pen.
~1b?, I~Ymenta oi ~100.00 or mnltiplea thercof. on the pridcipat hereof~ in addit~on to the regnLr month-
I3? Aqyments specifted ~erein; provided auch add~tionai pqyments do nat in !he aggre~tt~ excced 1696 of
. the original principsi swn oi this note. The ~ight to eseraiee each option is non-camnlstive sad ~i the
optton ia not ezercised or not ezercised in tnIl ~n s parNcular yea~r, anch additional psymenta permitted
in such year cannot be msde in aiLY ~~t year. Maker alea? ahall be e~?titkd to make i~uther pay
menta on the princip~l i~ereoi, provided that, dnring the flrat flv~year pertod aiter date hereoi. s penatt,y
o! 8g6 shall be charged on any anch Fayments in ~a,y year in exe~s o! regular monthtp p~ymeMs and
P~Ymenn~ $BB~~S 1b96 of the original prineipal aam in ~r anch year. Alter Uve years from the
date hereof, ad~itional payments of ;100.00 or maIflples thereol. or prepqyment in ta~l, ma,y be made
. witlwut peas~ty. -
If defaei~t be iaade ia the pa~yment oi any o! asid mon~ly installnieats, auch anm or wms stull thera
. atter bear intere.st at t6e rate oi eight pe~r oeatwm per annum nntil Pxia, snd. st the optioa oi the ~lder
hereof, the entire priacipal aum then rema~ning tmpa~id with a~~ued inteTest shsD i~mmediste~y beooane ~
dne and psyable withont notioe (tinu being oi the esaenoe here~fl and slull theresftez IilcdwLe beat~
interest at the r~tte of eight per eeutnm per annam. Failnre to ezerctse t63s option ahall aot eotutitate s
' Aaiver ot the right to exerciae aach op~ion in the event of a~y an~eqa~t detaatk
The mskera and endoraera i~ereoi euch ezpressly waive prmentment, Prutmt. noaos o! df ahonoar s~
~ not~oe o! proteat and agree to p~y nll oo~sta, inclading s reaaonable stto:aep'a !ea whettrer _ bs
brnug?ht or nok if after matur~ty ot this note or default herennder co~nael ah~II be employed to oollect
this note or aqy monthty installmeat dne hereunder. and oonsent tbs! the holder ~ereot, st ~e reqned
of an,y other peraon liable hereon, msy eztend the tlme o! payment or ot6erwise modify the terms oi p~y-
ment o! any pait or the whole of the debt evidenced ~ernby aad such eonseat a6a~ll not alter nor dimio-
. ~sh the liability of any pereon.
Th9s note is secured by mortgage on real e~te of even dute hergwitb.
~ P. O. ~ddresa: ~8/ Ja~t W. Gl~entc~ (SEAL)
1~A2 So 3Ath Sti'~e~t • '":Tahn"1~: "t~l;~i~? . .
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Fb~rt PierCe~ Flo~'ids ~s~ June W. GLeaton (3EAL)
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~ Endolroera : ~ ~ ~ .
3~..6o in 3tate docwr~eatary stamps ~
~ - ~xed ~to original Note and cancelled. _
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