HomeMy WebLinkAbout0070 ° . - . . ' : - . - - - - - . - - - - ~ 1
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- FOft VALtlE ItECEIVTyD. the nnderatgoed joint~y and sever~tl~jr prani~s to pqr tio the order oi
GUI.F LIFE IN3URANCk COMPANY. ~at its o~oe in the Guli Life BuUdin~, J~ckaoaville, Florida,
or at such other addreas ~s the holder iro~a time to time m~ apecity by ~?rttt~en aotice to malcer. the J
prlncipel aum o! ~taet8at~d a~! 3M%A0~-++•••••+ •.•••-••••••.•M•
...........««.«..».......~~s~.00~~..~..... .......~pLT,AR~3„
: together with interest at the rabe of 1~i]t . ~
""""'~er oentnm ( 96) pei' ~u~num on
the who2e ~onnt oi aaid prlncip~al aum remaining fram ~i~me ~to time nnpe~id, iro~n date nutil matariky. ;
~ both aaid principal snm and interest being p~y~tble in lavviul money oi the Onited Sb?tes o! Amertc:? . ~ i
~ in monthly inatallmeata on ~he dates and in the msnner as tollows: ~ .
(~b6.7'8 j Dollars pay~ble an the
~ clqy o! each and en?ery month. beglnning with the llrst day of ~ .19 64 ~ aatd pqy- ~ !
~ ment esch month to be sppUed ftrat to the p$yment ot intereat ~en ~tccrned~on ssid principsl sam re- '
maining anpaid, and the bnlaace applied to the redqction oi eaid principsl aum, nntU the v?hole o! ssid
princfpal awn. together with intereat thst ahaU beoome dae npon decreasing amounta thereot, ahaU h~?ve
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. Option i~s granted t~ malcer hereoi in each year of the life ot thia mortgag~e no~e, to aw~ke. wlthont pen- -
~ atty. Payments of ~100.00 Or mu}dPlps thereof, on the principal ~tereol~ in additfon to the regvlaur month-
~Y PsY~nents apeciried herein; provided anch add~tionat paymenta do not ia the uggregat~ exceed 1696 oi .
the origlnaI principat sam oi this nobe. The right to ezer~ciae aach ap~on is noa-cumnlative and the
option ia not easrcised or ~t ezer~ciaed in fnD in s p~srticalar year. anch addltional paymenta pernaitted
in auch year e~nnot be made in any_snb~equen~ year. Maker sieo ahsll be entitled to make inrther p~y- . '
menta on the princigsl here~i, provided that, dnring the flrat !!ve-year perIod after dsbe hereof, s pena~t~ .
o! 8g6 abaU be chargcd on any aach pa~?ments ia ~y? year ia ezcees o! regular monthty psyme~nts and .
PaYmea?ta ag'gre8stia$1696 0! the original principnl sum in ~qy stt~h Y~?r. A!'ter 8~~~?rs from the
date hereof, add~tional payments oi ~100.00 or malt[plea thereof, or grepayment in f msy 1~e m~de
~?itlLOUt penslty. . ~
~ If default be made in the psyment oi aqy.o~ said mo~ anch atmn or sams ahaU thers- " _
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after bear interest st the rate o! eight per centum per ~nnum nntil Psid. snd. at ~h~e opticn o! the holder
hereol. the entire princ3pal sum then reansining nnpsid wlth nocrued iatmeat sball immediately beoome
dne and payable with~nt nottoe (time being o! the eaa~enoe hereof) and ahsll t~here~fter like~wiee bear ~
intereat at the rate of eight per centum per annam. Failure to ezercise thia option sbaU nat conatttute s
- waiver oi the rlght to ezerciee anch option in the event oi any aa~eequent dstaulk
. ~ The m~k,ers snd endorsera fiereoi e~ch eupr~easly waive preeenta~ent, pr~tes~ nottca oi dishonor and
notioe of proteat and agree to p~? all oosta, including a reaeonsble sttorney'a fe~, whether anit be -
broug~t or not~ it sfter matarity oi this note or default ~?ereunder eonneel ahall be employed to eollect . _
thia note or aay monthl,y ibstallpnent dne hereunder, and oonaeat th~et the holder hereot, at t6e request ,
o! aay other per~on liable hereou, may e~ctend the time of payment or othe~cwiae modify the ternis o! pay-
ment oi any part or the whole of the deY~ evidenoed ~ereby aud such eonsent eball not atter nor dimI~ .
iah t6e li~tbillt~ oi any pereon.
TMs note is secnred by mortgag~e on re~ eatate of e~ven th.
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P. O. Addrees: . (SEAI.)
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. . . ' . . • . o r.~~ , DOCUMENTAa~ STAMP . • ~
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f 3000~ ~ ;
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- - ~ P.3. ! 49! 38 ~ , ,
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~7c8d t0 W'!glA~11 NOt@ ilAd CA~@llea.
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