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' ~ ~lcxida Nof~ : • . .
' : ftxed Monthiy lr~stc~ll~+n!
~ ~ ' IVI~RT~3A~L NOTE ~
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~ ~ 1r6r~0~0.C0 Jackaonvlllej Florida ~ ,19 ~ ,
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~ F`OR ~ALUE RECEI~Do the under~tgned jointly and severally prnmiee t~ p~?y ~o the order of ~
. GUI~F LIFE INSURANCE COMPAI~TY~ ~t ite ofli~e in the Gult Life Buitdtng, J~cksomvtlte, Florids, ;
or at such other address as 'the holder irom time to time may apecify by writton notice to nuker~ fihe ;
~rInclpai aum o! 8i~ ~'iV+~ 8t~ ~q4d ~t0~~A0+~•?•~~«~Ow~~wNwrwl~ry~wwww~a+r ~
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~MaewMfM~~rwRwwM~M~MMlMI~~~~MOww~Ne~~w~walwM.~~{~:~ ~~~~~QQ .
AW qA+twM+irt~~MwsM~1r~+'i~'++^+f
together ~vith interest at the rate of ~d ~"4~~~p~r centum (*~9J~+y6) per ~nnwn on ~
the whole amount o! a~id princlpal sum reinaining from ~ime to time unpaid, irom date untll maturity~ ' ~
both said princlp~l aum and intereat being g~yable in IawfuY money of the LTnit~d Sta~ o! A~erlca ;
4`°` , ia menth3y iu$tallrnents on t~e datea and in the mauner aa follows: ~ `
' 3~5•8g ) Dollara payable on the ~i~ . `
, da,y o! each and every month, beginning with the day of ,~q~tter,i~ ~ 28 6~j ~ aald pay-
ment each month ~o be applied~ firat to .the; payment of ~interest .theu, atxreted on :eaid princip~l a~m re-
. main~ng ungaiw, and the balance ~pplIed to.the reduct.Ion o! said principal aum,.unt~l thQ.~+?hole oi aaid
, principal sum, tcrgether rvit~h intet°est that shaU become due upon;decreasing amounte thereof, a~aa11 have
: been fullq paid. . . . . • ~ ~ _ ~ • - . .
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. Optiqn ie gran+ted to mAker ~ereoi in each ye~r a! the H!e o# thi~~mortgage note, to make, withou~ pen-
~ ~tty, p~ayment~ og ~100:00 or mul~tiplee thereof, on the principal hereol, in additioa to the regular month-
~ ~ ly paymeuts apec~fleci herein; provided auch add~itional paymenta do aot in ~he aggregate, eaceed 16y6 of
the original principal sum oi thi~ note. The right to ex~r~ise euch o~tion ia non-cumulstivo and ~f tt?e
optlon ia not sxercised or not exercIsed in full in a p~?rtic~l~r year, such additional paymenta pe~nitted ~ ~
in such year cannot be made in any aubsequent year. hlaker also ~all be entitled to malce further pay- ~
~ ments on the principal i~e~eof, provided that, during the flrat five-year period after date hereof, a pena~ty ~ -
o! 8 qo sha11 be charged on any auch pay~ments iti any year in eaceaa of t
egalmr rrion~ly p~ynae~ta and
~ payraents ag~regating lb y'o af the origInal prineip~l sum ~n any su~h year. After flve yeara frnm the
date hereof, add~ttonal payments of ~100.00 or multiples ~hereof, nr prep~yA,ent in tull, map i~e made
~ without p~nalty. .
If detau~t be made in the p~?yme~t oi any of ~aid monthly instalimeuta, euch aum or auu~s ahall there- ~
after bear intereat st the rate of eight per centum per annwn until paid~ aud, at the option of the holder '
hereof, the entire principal awn_ tben ren~ining unpaid with ~ccrued interea~ a~eU i~uaediately become -
due and payable without notlce (time being ot the es~ence hereoi) and shall thereaiter likewi~e be~r ' '
. interest ~t the rate of eight per centuw per annum. Fatiure to exercis~e tb.is option shall not canatItuts a... ~
~ waiver of the right to eacercise such option in the event oP any subaequent deiaul~
- The m~]cers and endorsera fiereof each ezpresaty~ walve preeent~tnent, prn~est, n~tt~ or ai,~onor ~a
; notice of prnt~est and agree ato pay all oast~, inctuding a reasonable ~ttorney'a fes, w~ether buit be
brought or not, if after maturity ot this note ar default hereunder counsel ahall be employed to oollect
~ thla note or auy tnonthly installment due hereunder, and coneent that t~e holder hex~ol, at the requeat
~ J of an~* other peraon liable hereon, may extend the t~ime ot payment or otherwise modify the terms o! pay- ~
: ment of any pait or the whole of,the debt evidenced hereby and euch consent shall not al~ter nor ditnin- ~ ~
~ ieb the llability o# uny person. =
~ Tt~s note ia secured by mortgage on real estate o! even date herewith
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P. 0. Address: - (9EAI,)
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, Kathleen M. arose
: ' Endor~rs : ~ . . : .
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. ~ ~ IA StR~ t~OCiitACALR~'y a~il~ ~ ~ . . .
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s~xed to original Not~e and catncelleA. ~ . . . - ~ .
. ~ _ . . Qn~K ~ f'Af~E .
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