HomeMy WebLinkAbout1412 Rorida Not~
Fixvd Monthly Instuilment
MORTGAt3E NOT~
~ 14~OUO.CK~ Jacksonville, Florid~ Dse~b~rr 13 , 19 65
FOft VALUE ftECEIVED, the undersigned jointly and severally promi~e ta pay to the o~°der o!
GULF LIFE INSURANCE COMPANY~ at its ~fTice in the Gulf Life Building~ Jack~onville~ Florida,
or ~t such other address as the holder from time to time may specify by written notice to maker, the
principal sum of ~~D ~ ~/~`_~~_~_^_+y_~_`
~~i~ryO'r~r~~r~rrY~sti~~vl~V
-----___..-------------..___,.------($~.4 y00t~.00)------._-~_.._--•---__...._..,._____nOLi~AR3,
together with interest ~t the rate of three-9usz'ter~er centum ( 5-3/~+ qo ) per annum on
the whole arnount of said principal sum remaining from time to time unpaid, frnm date until maturity~
both said principal sum and interest being payable in lawful rnoney of the United States of America
in monthly installments on the dates and in the inanner as follows :
) Dollar~ payable on the n~
day of eaeh and every month, beginning with the fYrst day of ~tD~vas'y , 1'9~ ~ satd ~y-
ment ea~h month to be applied first to the payment of interest then accrued on said principal sum re-
maining unpaid, and the balance applied to the reduction of said principal sum, until the whole of said
principal sum, together with interest that shall ~come due upon decreasing amount~ thereof, shall have
been fuily paid.
Option ia granted tn maker hereof in each year af the life of this rnortgage note, to make, Withunt pen-
aity, payments of ~100.00 or multiples thereaf, on the principal hereof, in additioa to the regular month-
lp ~ayments specified herein; provided such additional payments do not in the aggregate, exceed 15%'0 of
the original principal suzn of this note. The right to exercise such option is non-cumulative and if tbe
option is not exercised or not exercised in full in a particular year~ such additional payments permitted
in such year cannot be made in any subsequent year. Maker also ~hall be entitled to make further pay-
ment~q on the principal hereof, provided that, during the first five-year period aftex date hereof, a penalty
of 3% shall be charged on any such payments in any year in excess of reguIar monthi~? payments and
paymenta aggregating lbqo of the original principal aum in any auch year. Aftex five years from the
date hereof, additional paymenta of $100.00 or muttiples thereof, or prepayment in fuU, may be made
without penalty.
If default be made in the payment of any of said monthly inatallments, such aum or aums shall there-
after bear interest at the rate of eight per centum per annum until paid, and, at the opticn of ~the holder
hereof, the entire principal sum khen remaining unpaid with accrued interest shall unmediatelq become
due and payable without notice (time being of the esaence hereof) and shaIl thereafter Iikewiae bear
interest at the rate of eight per centum per annum. Failure to exercise this option shall nat constitute a
waiver af the right ta exercise such optiott in the event of any subsequent default.
The makers ~nd endoraera hereof each expresaly waive presentment, protest, notice of dishonor and
notice of protest ~nd agree to pay all roats, including a reasonable at~torney's fee, whether auit be
brought or not, if after maturity of this note or default hereunder counsel ghall be employ~d to collect
this note or any monthly installment due hereunder, and cansent that the holder herea4, at the requeat
of any other peraon liable hereon, may ~xtend the time of payment or otherwise modify the tezms of pay~
ment of any part or the whole of the delit evidenceci hereby and such c~nseat shall not alter nor dimin-
ish the liability of any person.
This note ia aecured by mortgage on real eetate of even date hErewith.
P. 0. Addre~s: ~s~ John-M.--,I.~o~es . . (SEAL)
2'~.7 0leauder Stre~t J~n ~i. Z~pes
Fbrt P~erce~ FZorlcle /s~ Betty- R.---Lopes_ - - . . . (SEAL)
.
~etty R. Inpes
Endorsers :
~22.00 in 5tate ctacumentary stamps
af~ixed to ori~inal Nvtc an~l canc~~lled.
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