HomeMy WebLinkAbout1258 ~ , r
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' ; Rotida Not~ ~ ~ i
~ Eix~d lV~lonthly tn~alt~nt . . . : . . . • . !
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' ' MORTGAr3E NOT~ ~ ~
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~ ~ $Qi000.44 . , . Jacksanvllla, Florlda November a.2 ,19~ ;
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~ 1MOK VALU~ RECEIVED, the underslgned jointly and severally promise to pay ~~he order o! t
' GULF LIFF INSURANCE COMPANY, at its ofHce in the Gul! Life Building, Jackeonvilie, Ftorida~ i
or ~t auch other addreas aa the holder irom time to tlme m~y apeQlfy by ~written notioe t,o m~ker~ the i
. principal sum ot~a~r ~ ~~7w~••••a..ww~.aa~wa••.~~~•w~s~wo+row~*~sr?~~rrw.~+~a
• ; ~wv~~~r~?~~~~w~~~~~tiwi~~ww~r~r~a~~wsi~~rtT"`~'~IW~~ws+ir~rrwr~r~~~v~rwN~• ~LiKii1~7~ ~
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pex centura ( 96
together with intereat at the rate of ~C ger Annum ou ~
the whole amouttt o! aaid princIpal eum rematning from bime to time unp~id,lrnm d~te until maturity, ~
; both said principal sum and interest being payable in lawful money o! the United Stat~ of . Amerlc~ ,
In mcrnthly installmenta ou t3ie dates and ~n the iaanner as Yollows: . ~
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~ ~ ~ (~195•1~ ) ~Dallara pnyable on the !'lsifi . ~
~ t day of each and every mouth, beginning with the ~,rat. day of J~o~tt~? ~ 1865 , aald pay ~ ;
~ ' ment each month ~tc+ be applied flrst to the payment of iatereat then accruec~ on e~tid prtncipal aum re» ~ ~
maining unpaid, and the balance applied to the reduction of said prineipal eura, until the v~hole ot~aa~ld . ~
' princIpal eum, together wit~ interest that ahall become due upon de~rea~Ing amounts thereof, s3u~11 l~ee
i been fully paid. ~ . . . . ~ , . • , . . - . . . : . •
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~ Option ia granted to maker hereof in each year ot the life oi thie mortgage~ note, to taalce, without pen• . ~
~ i atty, payment~ of ~100.04 or multiple~s thereof. on the principal hereoi, in addition to the x~egular month-
~ ; lp payments apecifted herein; prnvidesl auch adc~itianal payment~ do not. in ~he aggregate, exceed 16qb o!
t the orig~nal principal sum of t~his note. The right to exerciae auch option is noa-cwnulatlvo and ~f the
i. i option ie not exercised er not exerci~ed in~full in a particular year, such additional payments permitted
~ i~ in such year cannot be made in any subsequent yea~. Maker alao afiall ~be entitled to make further pay-
~ ~ ments on the principal ~ereol~ provided 'that, during the flra~ flv~year period after date henwf, a peaalty
of 8 y'o ahall be charged on any euch paymen#a in any year in excesa of regular mon~tly pAymeat~ and
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~ payments aggreqating 15qo of the original princlpal aum in any au~h year. t~iter flve yeara lrom the
, ; date hereof, additional paymenta o! ~100.00 or multIples thereaf, or prapayment in fuU~ maq b~ made
: ~ without penalty. - _
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It defau~t be naade in the p~yment ot any of ~aid monthly inatallment~a, auch sum or anma ehaU there-
! r~ after bear iaterest at the rate oi elght per centum per annwa nnt3t paid, ~nd~ at the option o! !he holder
~ hereof, the entire princlpal swn then re~3ning unpuid with accrued interest ahall inamediately l~come ~
~ ~ due and payable without notice (tlme heing of the essence hereof) snd 8ha11 thereatter likewiae bear
; infi,~re~t at the r~te of eight per centum per annum. Failure ta exercise tt?ia optioa ahali not constitute ~t
~ ' waiver of the right to eaercise such option in the event o! aaiy sub$eqneat defaui~
? The a~akara and endorsem fi~reoi each expreasly waive. presentment, prutRSt, nattoe ot diahanor aud
notice ot protest and agrea to pay all costa, includIng a reasonable sttorney's f~e, whe~th~r 8uit be
~ brought or pot~ if after maturity of thla note or default hereunder c~oe~nael ahall bo employed to oollect ~
- thia note or any monthly instaliment due hereunder~ and coneent that the holder i~ereoi. at the request
of ~ny other pereon liable hereou, may extencl t3~e time of payment or atherwise nwdliy the terms of pay-
i ment of any part or the whate of the debt eeidenced hereby ~nd such consent sh~t1l not alter nor dtmin-
` i~h th~ I3ability oi any peraon,
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~ Tt~3s note i,a secured by mortgage on real estaie a~ aven date herewlth. .
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~ , P.O.Addrees: IB~..E..I~..H~~sins . ......{SEALj
~ xoute 3 - eoa 455 . . . I~. ~~le~s ' .
~ ' ~i sa~ord, F].ori.aa . . ~ ~ ~ js/ Pear1~ D, xa,~l.ns ' ..:.(sFAL) .
~ . ° . ~ . ~r~ 1~. ~~i~ . - • . :
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: ; Eadara~re: . . . . ~ . .
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~ ; . ~ O Q ia State documeatary at~mpe - ~ - ' : . ~ ~ ~ ~ . . ~
~ ~ atflxed to ari~iz?~tt Note and c~noelied. . ' ~ ~ .
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; ; - . ~o~X : ;~QS racE- 5~
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