HomeMy WebLinkAbout0413 assigris, the certain proniissory note, of which the following in words and figures
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MORTGAGE NOTE
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a ~~uQ~pp ~ i~. L~i~ . Florida
~sri ~Ot~ , 19 6i
w,,.,..~ For value received, i• ?~D~ ~i s[~ ~I~D~~ 1~i~ rit~~
the maker(s), hereby promise(s to pay to GENERAL DEVELOP'MENT CORPORATI N,
a Delaware corporation authorized to do business in the State of Florida, having its
principal offices in the Ci of Miami, State of Florida, the payee, or order, the
principal sum of ~~~~10.00 ~i ~W '!MO qt 1i00 mll~s~
with interest from date at the rate of q6 per annum on the unpaid principal
until p~?id, such principal and interest on the unpaid balance to be paid as followa:
. The sum of $ 14s•ts .
on or before the 30tt day of y~il , 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 outstand-
ing balance of principal and accrued interest shall be payable in _
full.
All payments shall be applicable first to iurterest and then to principal. All paymeYrts
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 payee or to such 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 payee without payment of any premium. In
event of default the maker(s) will pay all costs of collection including a reasonable
attorney's fee. Demand, presentment, protest and notice of maturity are waived.
; This note shall not be considered in default until 30 days after the due date of ariy in- '
~ stallment of principal and interest. Suould maker(s) fail to pay any installment of
principal and interest when due before the end of this 30 day grace period, then the
holder has the option to declare the entire amount of ' cipal then remaining unpaid,
together with all accrued interest, immediately d able r~~ ~
_ (SEAL) ~
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and shall perforin, comply with and abide by each and every the stipulations,
agreements, conditions and covenants of said promissory note and of this deed,
then this deed and the estate hereby created shall cease and be null and void, i
AND the said Mortgagor, for ~eir heirs and assigns, hereby i
~ covenant and agree:
1) To pay all and singular the principal and interest and other sums of
• money payable by virtue of said promissory note and this deed, or either, prompt-
ly on the days respectively the same severally become due.
2) To pay all and singular the taxes, assessments, levies, liabilities,
obligations, and encumbrances of every nature on said described property, each
and every, and if the same be not promptly paid the said Mortgagee, its successors
sooK 148 ~12 ~
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