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PENINSULAR LYFE INS~IRA'NCE COMPANY ' JacksonviUe, Florida MORTCAGE NOTE ~ ...........................Fort...~i~?~~~---...---.......... --...Fbrida ;...2Q.AAII...Q4.........--•--..... ...........................Se-gtemlxr.-..2-1.......-~--- ....._....19.-b.5 ' FOR VALUE RECEIVED, the untkrsigned, jointly and severally, promise to pay w the ordRr of PENINSULAR LIFE INSURANCE COMPANY, a corporatian af the State nf Florida, TwENTY THO'~LISAND ADm Norl00----------------------1~o11ars ($...20,.OOOa.Q.Q - . . ~ - six and one-half together with ~interest thercan at the rate of........,~ ........:....per cent (..6~~ jo ) per annum fram date until maturity, both principal and interest being payable in monthly installment9 after date in the amount of _ One_ Hundred Fort_y-Nine ana...i21~:o0 _ . - - _ . on the ~rst day oE each and every mont6 beginning with the t•.nt day of the second month aiter date, to be applied Eirst on the interat on the whole balance remainin~ from time to time unpaid and then on the principal, both principal snd inurest beingps rable in lawful curnncy of the Un~ted Ststes, at the ofGce~ of Fenins~lar Life Inaurance Company, Jacksonville Fiorida, or "such othet place aa may be designated by Peninsular Life Insurance Campany. A payment ot intertst only wifl be due and payable on the tirat day af the fint month sfter date. Additionai paymenu on ~the principAl of tltis indtbtedneu in amount~ equal to one or more next ensuing consecutive principal paymenU may be made without penslty on aay dste w6en intereat becornes due and payable; provided that thero , ahall alw be paid, as consideration for the privilege of g sucly paymenb in advance of maturity~ a nim equal to 3%r ot such excess payment if made prior w thret years fro~mindate, 2~70 of wch exceas payment if made after th_ree yean irom datt and prior to seven yean fran date, and I~J'o of such excas payment if made atter seven yean from date and prior to ten yeara from date. 5uch additional paymrnts shsll not rditve the maker hercaf Erom paying the mvnthly uutaitments as herein provided. If default be made in the payment of any instalhnent of principal or interrat as specified herein, or any part thereol, the whole sum then remaining unpaid under thu note ~lsall become immediately due and payable, and in case of any euch default the undemigned furthcr agree to pay aH cau of collectAnn, includin~ a reawnable attorney',c fee. After maturity hereof, whether the normal maturity or accelerated maturity aa provided herein, both principal and accrued intereat shall beu inteiat at the rate of two per cent (2'1~o) per annum higher than specified in this mortgage note, but in no evtnt to exceed the mazimum interest nte allowed hy law, until paid. Praentment for payment, demand, notice of dishonor, protest and notice of pmtnt are hereby waived by all makers ~ and endotsen htreuf. Stste dceumentary atamps in the ....~5~...R-....I'.~... RIEDEL ....................................(sEALa aznount of ~...~Q...~III.....s~ttached ~S` Bl'LLIE JEAN RIEDEL to original note and cancelled. ........................•••-....................•--••--~---•--......_........._(SEAL) AND sha11 ~erform ull covenants snd conditions of the mortgage note, and of any renewal, extenaion or modification thereof, and of t!w mortgage, then tnu mortgage deed and the atate theieby created shall ceax and be null and void. Ma~tgagars further covenant and agree to and with Mortgog~r: 1. To ~y the principal and interest and other sums of money payable by ~•irtue of the mortgage note and any re- newal, extension or modification thereof, and of this mortgage, promptly on the days respecti~•ely t~:e same severally become dua ~ 2. To pay al[ taxa, assesunents, levies, and encumbrances of e~•eiy nature now or hereafter tevied or assessed upon the mo gmperty, when due and paysble, or on or before 30 day~ after the aame brcoaie due and payable, and before th~ome delinquent, and before anp interest attachrs or any penalty is incurnd; and the original ofticiat document (~uch a~ taa rrceipt or utisfac:tion of~cially endorsed or certified) shall be .immcdiately e:hibited to Mortgag~r nr ics appeutted agent ~ evidence of iuch parment. 3. TO /~LACE AND COlfT1N1l0613dY If~ ON THE IMrROVlMf~NTS NOW CR HEREAf7ER SITUATE ON SAID LAND PiRE AND EXTENDE~ COVER/1dE M/SURAAlCE fN 1?MOUNT Of NOT L~SS THAM = ZO, OOO.OO in the wual atandard policy forrn, in ~uch company or companics aa may he appmved by Mort~ags~; ,and all insurance policies on any of auch improvements ahall contain the utual standazd mortgagee clauee malung the lou under saed policies payabk w Morlpags~ as ita interest mnY appe9u, aad each and every such policy ahall be pmmpdy delivered to and held by Mo~tgagea or ita appointed agent; and, not leu than ten daya in advance of the expiration of each poticy, to delivtr to Martgagtt ar iu appointed agent a rrtnewsl thereof, tiagethcr with s receipt for tbe }~t~iu:a oE such renewal; and in the event any aum of money becomes payable under such poUcy or policies, MortQags~ shall have the option to rrceive and appty the same on aceount of thc indebtedneas securcd hereb~ or to permit Mart~agors oo receive and u~e it or any part thereof for other purpcxies without there6y waiving or impairing any eqwty~ lien or right under or by virtue of thia rnortgage. 4. That (a) in the eveae illo~tgagorr fail to pay, aatisfy or diacharge tl~e taxes snd aaeesunents as provided in paragraph 2 above; or (b) in the event Mortgagon fail to ktep the premises inaured or deGver the policies of insurance ~ to Mart~ags~ or its appointed a~ent or pay the prrmium therefos a21 a~ prwided in paragraph S above; or (c) in the evexxt Mort~agors fail promptly and fully to perform, dischar~e, comply with or abide by s?ny of the covecanta and conditiow of , the mortgage note or tha mortgage and, whether suit u pending or not, Ma~tgagst ineua or pays any co:b, ehacges and expense~, including reasonable ~ttorney'e ftes and co:u flf abstracb of title by reastin therta~f; then, and in either or any of such events~, the ~ostg,ngst may pay the ~ame, without waiving or affecting any optiom, lit equity or right under am this mortgage or the mortgage note and the fuil amount of each and every such payment ~all immcdiately due snd payable without demand and shail bear intereat from the date of ~uch paymmt until paid at the rate of 2% per annum higher than specified in ttu mortgage note but in no event greater than the maximum interat rate allowed by law; and all such paymtnts by the Maripagss, taget~er with roch interesx, shalt be vecured by the lien of this mortgage. 5. To permi -%ca'~- or luffer no waste, impairment or deteriomtion of said property or any part thenrof~ and to keep the buildin~ai nd improv~sodrW noa ar Aerpsfter an the mortp~gtd pe~percY in gtwd and tenantable condition. BOGK ~ ~ ( f ~ - - _ u