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assigns, the certain promiseorq note, oi which the ~ollowing ia worde and figurea
is a true copy to-wit: ~
, ~
~
MORTGAGE NOTE '
.,.r
$ 4.up•pp p~ ~t. . Florida
, 196~
For value received, '
the maker(s), hereby promise s to pay to ~ENERAL DEVELOPMENT CORPORATION.
a Delaware corporation authorized to do busineae in the State of Florida, having ita
principal offices in the City of Miaaii, State of Florida, the pa.qee, or order, the
principal sum ot~~ 4~4i0.00) ~061 >+0~ aai Oq/100 Dollas~
with interest from date at the rste of ~ ~ per annum on the unpaid principal
until paid, such principal and interest on the unpaid balance to be paid as followe:
The sum of ~ 103• S~
on or before the ZLt day of _ ~ , 19~, and .
a like sum on the same date of each succeeding month thereafter
until four (4) years from date hereof at which time the outatand-
ing balance of principal and accrued intereat Qhall be payabie ia
full. .
All payments shall be applicable firat to interest and then to principal. All paymente
of principal and interest shall be made in lawful currency of the United States payable'
to the order of payee, or order, and mailed to pe~yee o~ to auch other address as
payee shall designate in writing.
The maker(s) may prepay any part of or all of the unpaid principal and accrued interest
at any time upon 30 days written notice to paqee without payment of any premium. In
event of default the maker(s) will pe~y all coets of collection including a reasonable
attorney's fee. Demand, presentment, protest and notice oi maturity are waived.
' Tlus note shall nat be considered in defautt until 30 daqs a[ter the due date of any in- '
~ stallment of principal and interest. Should inaker(s~ fafl to p~y any installment of
~ principal and irrtereat when due before the end of thie 30 day grace period, the~ the
holder has the option to declare the eatire amount of principal then remaining unpaid,
together with all accrued interest, immediatelq due and payabte forthwith.
~ ~ (SEAL)
Qr~sloti~ I~L~
(SEAL)
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and shall perform, comply with and abide bq each and every the etipulations, ~
agreements, conditions and covenants of said pramiseory note and of this deed,
then this deed and the estate hereby created shall cease and be null and void.
AND the said Mortgagor, for~ h~r ~ heirs and aesigns, hereby
covenant and agree:
1) To pay all and singular the principal and interest and other su~ps of
~ money payable by virtue of eaid promissory nate and this deed, or either, prompt-
ly on the days respectively the same eeverally become due. _
2~ To pay all and eingular the tazes, assessmente, levies, liabilities,
obligations, and encumbrancee ot everq nature on eaid described property, each
and every, and if the eame be not promptly paid the eaid Mortgagee, its euccessore
aooK ~43 ~98 . .
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