HomeMy WebLinkAbout0860 ~ .
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, 11~etde Neh • . ~
l~W~d IlAenlby I~NaI~
` MORTCiAOE NOTE
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i 3i~,y00•0~ JacksonviUe. F'brida 22 ~ .18 6s :
~ FOIi VALUB x$CEIVTD. ths nnderatgt~ed ~otntly aud sever~? prao~Le to p~ ~o the order a!
GUI.F LIF~ IN3iJRANCB COl[PilNY~ ~tt its oi&e in !he Gulf Lite Bnildins, Jack~onvine, Florida.
or at wch other addr~ess ~s the hoMer trom time to time m~,y speciiy? b~ ~written notioe t+o m~er. the
prtncip~l sum oi i1~sl~nt '~b?+ous~nd !1~?~s ~uq4dxrd ~ocrd ~q/]AO~••••
_ -~--~~i5O0•~~ . DOLI.AR9. ~
toget!?er wlth interest ~t the nte olM~ ~ t~?s~e~-9t~s~e~ per oentum ~ y6) snnnm on
the rvhole amouat of sn[d princlp~ sum remainin~ irom time to ttme nnpt~id. date w? au?tarl~ji.
~ both sa~d princip~l aum suid intereBt being p~ay~ble io lawiul money oi tbe Uni 3tates ! America
in mbnthly instailmenta on tLe dAteu and ia the m~nner us follows: .
' (i ?8.6~ ) DoDars pynble on the tir~t
~ dy o! each and every month. be~innin~ with the i'ii'st ~Y o~ 1tp~h~ .18 6S , s~td p~y-
ment esch month to be applied Arst to the p~ymeat oi interEa! then aocrued ou aaid principsl sum re- .
maining uniuid~ snd the b~alaaoe applfed to the rednction of said principsl swa, until the whole of sdd
priacjpAl aum, tog?ether witb intereat tt~ut stuU beoar?e due upon decreasin~ smounts thereol, a6all I~?vs
been iu11Y p~id. . _ _ -
Opdon is granted to malcer hereoi in etch year ot the Nfe o! this mortQa~s note. to malcq~ withont pea-
; PAY~Dts oi =100.00 or mulNples thereof. on the prlndpsl hereot~ in addition tn !he re~uL~r monti~
i ly psyments apeci8ed herein; provided auch ~dd~lional pa~ymenta do aot fn !he ~re~atq ezoeed 16y6 oi
~ t6e originsl princlpst sum of this note. The rig?ht to esercise wch op~ion is non cumulative aad the
E ` option is not exercised or not e~cerci~d in f~ll in a psrticuLr year. snch add~o la?ymeY?ta Pesmitted
' in mch year ~nnot be made ia an~r wbaequent yesr. M~er also duU be en tled to n~te iarther p~y- ~
i me~,ta o~n the princtpal liereor, nroviaea t~at, aurin~ the arat Atre-yesr pertod aute hereot, . rens~tr
o! 3g6 shaU be charged on an,y snch paynrents in any year ia eze~eas oi re~uLr athl,~ pay~ents and •
' PsY~n~ ~86~e6~?tiug 1696 0! the original princip~l-sum in sqy wd~ Year. Atiee~ 8ve yesrs lrom ths .
date hereof, sdditionAl payments oi ~100.00 or multiplea ther~eot. or prepiymeat io iull, msy be made .
withoot pensl~y. ~ .
I! aati?n2t bs msae m the pr?yment oi ,my oi saia m~t~ inswafa~aob. .wL .um ur .nms .h~n there- :
' atter besr intereat it the rate o! eight per a~ntnm per annum ant[1 paW. and, s~t the optlon oi the 1tiolder
hereof, the enttra principsl sum fhea rems~ning nnpstd with aocrued tn~ a6aU tely beoane
' due and psyable without not~oe (tlme being oi tl~e eaaenoe hereoij snd slull IIk~e7rfae bear
; interest at the nte oi elght p~ oentum per annnm. Failnre to ezercise this optloa aot constitote a
~vaiver of the rlght to e~ercise snch option in the ev~t of sn,y subsequeat defaulk
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; T11e nuacert ana endorser. ~r e~ch azpressls r.sive presentment. Prnt~t. a~o~oe ar a~aLonor sna~
~ notloe o! proLeat snd agree to pryr all oosta, including s reasa4abZe attorne0r's iee, whether suit be
; bronQht or nok if ~iter m~?t~u~ity oi thia note or detault hereuader oounsell~ ah~ll be employed to oollect
this aote or an,y moathiy installment due hereunder. sud ooneent t6at the old~r hereoi. st the request
. oi sny other pereon Uable hereon~ muy ezteud the time of psyuneat or other~lse nrodjf9 the ternu oi p~y
' meot oi aay paYt or the who3e o! the debt evidenoed hereby sod ach ooneeat ~11 aot a}ter nor dlmtn-
i iah the Uability o! aD,y perawi.
~ - This note la secured by mortgag~ on real estste oi even date herewjt6.
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a P. O. Addrees: Ie/ Donald S. Clark ................................•-~-•-(9EAL)
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~ lb~t ~ce~Pl ?y0~'SOt ~e~ Jsne D. Clerk (3EAL)
~ Jat~ D. Cla~it
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~ - Eadorsers:
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_ ~~75 ~fl SLAtB t~OC11tpBAtAI'y i~IjlB
j ~ ~xed to ori~inal Note ~nd ci?n~oelled.
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