The URL can be used to link to this page

Home My WebLink About1375 Florida Not~ Fiaed Monthly Insfallme~t MORTGAGE NOYE h $~5~ppp.Qp Jacksonville, Florida Ds~t~r l~ , 19 ~ FOR VALUE RECEIVFD, the under9igned jointly and severally prornise to p~?y to the order o! GULF LIFE INSURANCE COMYANY, at its office in the Gulf Life I3uilding, Jacksonville, Florida, or at such other address as the holder from time to time may specify by written n~tice t~ maker, the principal sum of ~ ffi~ ~,py~pd ~ ~~,pp.~~~~lr~MM~r~~NA~M~rr~~r - • w~ a~ rr.r~rw w..~~ w r~ ~s~iwr E ~5 yy /~+r~ ~~~~w~.~rrswrr~~ ~rw ~ wLLLLA I1?7~ together with interest at the rate of «'M~"~~~~ per centum C"~"'~ 6 qo ) per annum on the whole amount of said principal sum remaining from time to time unpaid, from date until maturity, ~ both said principal ~um and interest Ueing payable in lawful money of the United States of America in monthly installments on t~ie dates and in the manner as follows : ($1~39.23 ) Dollars payable on the i"izs~ day of each and every month, ~eginning with the !l.s~6t day of May , 19 65 , said pay- ment each month to be applied first to the payment of interest then accrned on said principal sum re- maining unpaia, and the balance applied to the redu~tion of said principal sum, until the whole of aaid principal sum, together with interest that shall become due upon decreasing amounts thereof, s~all have been fully paid. Option is granted to maker hereof in each year of the life of thia mortgage note, to make~ ~vithout pen- alty, payments af $100.00 ar multiples thereaf, on t.he principal hereof, in addition to the regular month- ly payments specified herein; provided such adaition~l payments do not in the aggregate, exceed 15~0 of the origina: principal sum of this note. The right to exercise such option is non-cumulative and 1f the option is not exercised or nat exercised in full in a particular year, such additional payments permitted in such year cannot be made in any subsequent yesr. ~4laker also shall be entitled to make further pay- ment~g on the principal hereof, provided that, during the first five-year period after date hereof, a penalty of 3;~o ahal] be charged on any such payments in any year in excess of regular monthly payments and payments aggregating 16 Jo flf the original principal aum in any such year. After five yeara from the date hereof, additional payments of $100.00 ar multiples thereof, or prepayment in full, may be made without penalty. If default be made in the payment of any af said monthly installments, auch sum or sums shall there- after bear interest st the rate ~f eight per centum ger annum until paid, and, at the option of the holder hereof, the entire principal sum then remaining unpaid with acerued interest ahall immediately become due and payable without notice (time being of the essence hereof) and shall thereafter likewise bear interest at the rate of eight per centum per annum. F~,ilure to exercise thia option shall not constitute a waiver of the right to exercise such option in the event of any sub~equent default. The m~akera and endoraers hereof each expressly waive presentment, protesi, n~tice of dishonor and ~ notice of protesL and agree to pay all costs, including s reasonable attorney'a fee, wheth~r suit be brought or not, if after rnaturity of this note or ciefault hereunder couns~l shall be employed to collect this note ~r any monthly ingtallment due hereunder, and consent that the holder hereof, at the request ~ of any other person liable hereon, m~y extend the time of payment or otherwise modify the terms of pay- F ment of any part or the whole of the cl~bt evidenced hereby and such conaent shall not alter aior dimin- ish the liability of any peraon. E This note is secured by mortK~?ge un real estate of even date herewith. 1~'1'. !Y~ HA~ C.'t~tl~ ~ I'. 0. Address : ~s~ Merle__ E._. iiorris. ~SEA.L,) ~3 i~Ierle E. Morris, a.~ Fresider.t. ; F~r't li~rC~, 7l~Drida ~g ~s~ ~~nneth ~.•e ~1.o2a1 ~ _ (SF.AI.~ 4 :.enne~.h C. ~1~a.^, Secreta.r~~- ~-easul~Er ~tidursers : / s K~nne ~h Slaan &~Oan /s! bierle E. Priorris I~er~e ~Sri~ itt ~tat~ ~lurunti~utar~ ~t:trn~» atti~e~l t~~ ,~r~yin.tl \utc~ tit~~1 canc~~ll~•~i_ ' i ' ' ~ ~ ~ ~ t ~ , ~ _ ` r~~.` _ ~ ~ ~ tJAN H(~ 111! ~ _