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Nx*d Monlfily ktsttdt~nt
~ . . . ~ M4RTGAC~E NAT~:. . .
; ~ a3$~Ap~~QA , , . Jacksonville, Flortda ~~1~' = 16 ~ 18 ~ ,
~ FOR VALUE RECEIV~D~ thQ underaigned jointly and soveralJy promlee ta p~?y to tha order o!
GULF LIFE IN3URANCE COI~HPANY, ~t its of~Ice in the Gutf Llfe Bultding, Jackaonvllle, F~orlds,
or at auch other addre~s ~s the hotder ~rom titne to tlme: tnt~y epecily by ~written notlce to msker, th~
' principal eum o~ ~~d F~'V~ ~ea~d etid NO~XAO«+«......»..y..~.,?....».....«+ '
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. togeth8r wlth lnterest at the rate of per centum 6~, j per ann~.m on ~
the whole amount of ~aid principal aum remaining irom ~ime to time unpaid~ irom dat~ un~il maturlty~ ~
both aaid princtpal aum ~nd interest Ueing payable in lawfut maney of the United States of America ~ ~
i, in raonthly installmeAts on the dt~tea and in the manner aa t~Ilows: .
~ 1~~39.~3 ) Dollars payab]e on the lire~ ~ ~ ~ ~ .
• day of each and every month, begi~ning w~th the day of Mqy ,18 65 , said pay-
tt~ent each month 'to be applted flrat to the payment o! interest then accrued on a~id princi~?1 aum re-
~ malntng unpaid, and the balance ap~alled to the reduction of said principal sum, untit the whole of sa~d'
_ principal sum, together with intereat that sliall become due upon decreaaing amounts thereof~ a~all have ,
been iully paid. . . . .
, . . . . . . ~t
Option ie granted to ~saker hereof in Pach yeAr o! the ~ife.of t~ie mor~gage note, to ~nake, wIthout pea. :
~ alty, paymenta ot ~100.00 or mult~plea thereof~ on the prlncipal hereof~ in addition to the regvlar month- '
' ly payments apecitled herein; proyided au~eh additional payments do not in the aggregate, excecd 16 y~'o ot ~
' the original principal sum of this note. The right to exercise such optlon is non-cumulative and the ~ ~
aption ia not exercised or not ezercised in full in a particuiar year, such additIonal payment$ perraitted
~n such year cannot be made in any subsequent year. Maker also ahall be entitled to make lurther pay- '
ments on the principat ~ereot, provided that, during the flrst tive-year perlod after date hereof, a penalta?
' of 3 qo ahall be charged on atty such paymenta in ~ny year in excess of regular monthty paymente and .
, ~ payments sggregating 16 Jo of the original principal au~m in any au~h year. After flve years irom the
dste hereof, additional p~yments o! ~100.40 or multiplea thereof, or prepayanent iu fuU, may be made ~
without penatty. ~ ;
_ ~
I! deiaut~ be made in the gayment oi any of ~eaid ~aonthiy installmenta, auch eum or sums ahall there- ~
after bear intere9t at the rate o! efght per ce~tum per annum until paid, and, at the ogtion of the holder ~ ~
hereol, the entire principal eum thea rema~In~ng unpaid with accrued internat ahaU itnmed~ate2y become ~ ;
due and payable wlthout notice (time beIng of the e~sence hereof) and ahall theresfter like~ise be~r
interest at the rate o~ eight per centum per annum. Failure to exercies this optIon shall uot conetitute a '
waiver of the righ~ to exercise euch option in the event of any subsequent deiault, . ~
~ The makere and endoraera ~ereoi each expressly waive presentment, prntest, notice o! dishonor and
notice of proteat and agree to pay all costs, tncludtng a reasonable attoraey'a iee, whether suit be
brought or not, i! after maturity of thie note or default hereunder counael shall be employed ~ colle~ .
thie note or any monthly lnetalLnent due h~reunder, and consent that the hoider hereot. at the rEquest
of any other person liable heraon, may extend the time of payment or otherwise modify the term~ of pay-
ment o! any part or the whole of the de~t evideuced hereby and auch consent ahall uot alter nor dimi~
ieh ths liability o! auy person. ~ .
. Th3s note is secured by mortgage on real estate of even herewith.
p'I~ CC[~A~t
~ ~s Mer E ~
• P. 0. Addreaa : $y?~ _ ~Q~`~.~ (SEAL)
a~~ ~ . erle E. Morris~ as Preaident
, lrbx'C Pie~~~ ~,d~ . ~s~_ Kenneth..~~.. s~ (SEAL)
~ ~ ~ . Kenneth C. Sloax~~ Secref;~ry-
~ ~ ~ ' ' : ~ ~eaeut'er . ~ • ~
~ Endoraera , ~ . : ~ . . . • ~ - . , .
_ ~s Kennet~ C. ~losa ~ . ~ . ~ . . . ~ ~ • -
• ~ ~
s Merle Morrig • . ~
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~ lri ~tAt@ dOC1i7T18tl~Ty Btai1'?p8 ' ' • . . ~ #
afflx~d to original ~1ote and cancelled, - ~ , ' ' : ; ~ _
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