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qotido Not~
Nx~d Monthl~r installment
MORTGAGE NOTE
~ Z8, 000.00 JacksonviUe, Florlda ~ril Z~, ~ 1~6
FOR VALUE ~tECEIVED. the undersigned joint~q and severally prnmtse to pay to the order of
GULF LIF'E INSURANC~ COMPANY. st ita office in the Gulf Life Building, Jacksonville. Florida. ~
or at such other address as the holder from time to time may apecify by ~written notice to maker, the
princigal aum of
_____••-~?NEI~'Y-EI~i' S!lOVY~11?iD 11~iD IIIOIlOO•.__--__•~----••~M----~ ~p~jg~,g~
together with interest at the rate of~ ~ per centum 96 ) per annum on
the whole amount of said principal sum remaining irnm ~ime to time unpaid, from date nntll matnrity,
both aaid principal sum and interest being payable in lawful money of tt?e United Statea of America
in monthly instalhnenta on the dates and in the manner a8 followa :
~o ~auds~d torty and 08/100--ar~240.08 p8q~~ on the firat
day of each and every month, beginning with the l~t day of ~.1966 . a~Id pay-
ment each month 'to be applied flrst to the P4yment of intereat then aocrued on said principal sum re-
maining unpaid, and the balanoe applied to the rednction oi eaid principal ~um, until the whole of eaid
principal aum, together with intereat that ahall become due upon decreasing amounta thereol, shaU have
~ i~? ~a.
Option ia granted to maker hereo! in each year o! the life o! this mortgage note, to make, without pen- '
alty. paymenta of ~100.00 or multiplea thereof. on the principal hereof, in addition to the regular month-
ly paqments apecifted herein; provided anch ad~itional payments do not in the aggregate, exceed 1596 of
the original principal sum of this note. The rig?ht to e~cerciae auch option is non-cumulative and if the
option is not exercased or not exercieed in fnU in a particular year, auch additional paymenta permitted
in such year cannot be made in any subsequent year. Maker aleo shall be entitled to make further pa,y-
menta on the principal ~ereof, prnvided that, during the 8rat flve-year period after date hereof. a penalty
of 3 qo ahall be charged on any snch paymenta in any year in eacees o! regtilar monthly payments and
payments agg?regating 16g6 0! the original principsl aum in aqy snch year. After ftve years frnm the
date hereof, ad~itional payments ot ~100.00 or mnltiplea thereol, or prepayment ia fnll, may be made
without penalty.
I! default be made in the payment of any oi said monthly inatallmenta, auch aum or eums ahall there-
; after bear interest at the rate oi eight per centnm per annum antil paid, and, at the option of the holder
hereof, the entire principal8um then remasning nnpaid with accrued interEat ahaU immediately become
~ due and payable without notioe (time being o! the easence hereof) and ahall thereaiter likewiee bear
~ intereat at the rate of eight per centum per annum. Failnre to eserciee thie option shall not conatitute a
waiver of #he rIght to exercise such option in the event o! any aubsequent defaulk
The maker$ and endorsera i~ereo~ each ezpre~aly waive preeentment, proteat, notice of diahonor and
notice of protest and agree to pay all costa, including a reasonable attorney's fee. whether suit be
brought or not, if after maturity of this note or default hereunder oounael ehall be employed to coUect
this note or any monthly inatallment due herennder. and oonsent that the holder hereof, at the reqneat
of any other peraon liable hereon, may eutend the time o! payment or othervviae modify the terma of pay-
ment o~ aRy part or the whole o~ the debt evidenoed i~ereby and auch consent ehall not alter nor dimin-
ieh the liability of any pereon. .
This note ia aecured by mortgage on real eatate o! even date herewith.
P. O.Address: /sl._Muriel_.K..._Sutphen.____..__.._~SEAL)
706 xosth 8swnth Stss~t
~ort li~sc~, ~lorida
./_s.l.._~~un~es..bi....Sutphen._..._..---•--- (3EAL)
Endorsers :
; 42 .00 in State documentary stamps
affixecl to original Note and cancelled.
Fa1Y MO. 1214 aooK 144 . 230
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