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Re~ido NoN
/ix~d ~AoMi~? M~qallwMt
MORTGA4E NOTE '
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i 14~000.00 J~ckeonville, F1orlda N~ 23 ,1866
FOB VALUE RECEIVED, the undersjgned 3ointly and severally pramise to p~r tio the order o!
GULF LIFE IN3URANCE COMPANY, at ita oAive in the Gulf Life Buildtn~. JaclceonviUe, Fbrids.
or at auch other addreas as the holder imm time tu titn@ may epecify by written notioe to maker, the
principal sum oi ~ '~A~ AwD )0~/300•----:---«_.~.M..~«..._.....~..~~...»
• t~i000•00) DOId.ARB,
together wlth intereat at the rate of B3~t a~1d oew-qt~t~e per centnm t 6~~~ 96 ) per annnm an
the whole amount o! aaid princlpal sum remaining frnm tame to time unp~id, iroaa dste nntil aasturity.
both e~?id principal sum and interest being pqyAble in lawiul money of the Unit~d Statss oi An~erics
in montlily inataUmenta on the dates and in the manner as followa:
day of each and ev )~UarB,, p~,yable on tbe ~t
e~9 ~nth. b~ginn~n8 ~?ith the n~ day o! ~i ,19 66 , asid pay
ment each month to be applied flrst tfl the p~yment oi interest then acctved on asid principal anm r~
maininS unpaid, and the balance applied to the reduction o! asid prlncipsl amn, nntil the whole oi said
principal aum, togetlier with interest tbat shall beoome due npon decrea8in~ amounta thereol, shsll have
been tully puid.
Option is graated to mater hereo! in each year of the tife o! thia mortgstg~e note, to mslc~ without pen-
att~?. psymenta of ~100.00 or mu~tiple~a thereof, on the prlacipal her~ol, in addition to the reaular moath-
1Y PsYxr?enta specifled herein; provided anch adc~itional paymenta do aot in ~e aggregate, exoeed ibg6 oi
the orlglnal prlnclpal anm oi this note. The right to ezercise anch option i~ non-cumulative and ~i the `
option is not euerGiaed or not ezerciaed in fnll in s particnLur year. wch addittonal paymenta per~nitted
in such yesr cannot be made in any aabaeqnent yesr. Maker als~ shsll be entitled to mate fnrther psy- ~
mente on the principal fiereol, provided tlut, dnring the Srat flve-year period atter date hereot, s penalty ;
of 896 shaU be ciiarged on any snch paymenta ia any year in ezceas of re~utar ~oaf~y p~ym~ta and
Ps3?mente aBK~Batin81696 0! the originat principal anm in any such yesr. After Sve yeara trnm the ~
date hereof, sd~tionat paymenta a! ;200.00 or mnltiples thereof~ or prepsyment in iWl, muy be made ~
qltlwnt pe~stty. ~
I! defAUlt be made in the psyment o! any o! said monthly instaIlmenta, aach aum or anms shaD there- ~
at'ter bear intereat at the mte o! eight per centnm per snnum nntil lxia, snd, st the option of the holder ~
hereol. the entire principal swn then re~tning unpaid with aocsued interest ahall immediately become
due and payable withont notice (time beiag of the eaeenoe hereof) and ahall there~fter lihewiee besr ;
intereat at the rste o! eight per centum per annam. Faitnre tfl exercise thia optioa shnU not constfte~te e ~
~raiver of the rlght to ezercise such option in the event ot any anbeeq~ent ~fanlt.
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The makera and endor~ers ~ereof each ezprn,saly ws~ive preeent~nent, protest, natioe oi diahonor and ~
notice of proteat and agree to pay all aoata, including a reseonsble attorney's fee. whether anit be ~
broa,~ht or not, i~ alter maturity of thia note or default hereunder o~unsel aball be empbyed to ooUect
this note or at~r monthiy inaWlment due hereunder. and con8ent th~t the holder hereof, st the requeat
o! an,y other person lisble hereon, may eatend the time of payment or otherwiee modify the terms o! pa,y-
~ ment oi any pa:t or the whole o! the de~lit evidenced hereby and auch oonsent ahall not alter nor aimin-
~ i~h the liAbility of an3? Peraon.
~ Tbis note ~s secnred by mortgage on real eatate of even date herewitl~.
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P. O. Address : /e~ Y~ormer L. Btcne
~ (3EAL)
2715 South 26th St.
Ft. Pierce, Flae. ~s./..-~~anaet#~e..Stoue..------•-----------------(3EAL) ;
i Jeannette Stone
Endonsera :
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~ 21.00 in State documentary stamps '
xf6xed to original Note and canceiled.
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_ Mo. a~s BOOK1~ }
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