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~esigae, the certsia pro~aisaory note, ot which the follawing in words and iigurea
ia : true coPO? to-Mri~
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~ MORTGAGE NOTE
~ '/~p0pi00 ~st K. Lwei~. Florida
. ~hN 10 , 196 ~
For vaiue received, MOO~D?xi, Jl. ~
the maker(s), hereby promise s) to pay to. GEiVERAL DEVELOPMENT CORPORATYON,
a Delaware corporation authorized to do business in the State of Florida, having its
principal offices in the City of Miami, State of Florida, the payee, or order, the
' principal sum o~V ~ a~ ~ ~11~~ • • • • • • • • • ~ • ~ •
with interest from date at the rate of °y6 per annum on the unpaid principal
until paid, such principal and interest on the unpaid balance to be paid as fo2lows:
The sum of $1~.4Q ~ ~ •
on or before the day of il~j , 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 pa.yable in
full.
All payments shall be applicable first to interest and then to principa2. All payments
~ of principal and interest sha:l 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 ~he 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 a: e waived.
This note shall not be considered in default until 30 days after the due da~e of any ir~-,
stallment of principal and interest: Should 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 principal then remaining unpaid,
together with all accrued interest, immediately due and payable forthwith.
z. ~ Ye~i~l. h• (SEAL)
J~ls 1. Y~oiall. Js. ~ -
' (SEAL)
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and ehall perform, complq with and abide by each and every the stipulatione,
agreements, oonditions and covenants of said promissory nate and of thie deed,
then thie deed and the estate hereby created shall cease and be null and void.
AND the said Mortgagor, for hfs heire and asaigns, hereby ;
covenaat and agree:
• 1) To pe~y all and aingular the principal and interest and other auma of ~
• money payable by virtue o[ said promiasory note and this deed, or either, prampt- ~
ly on the days reepectively the same severally become due.
2) To pay all and singular the taaes, assessments, leviea, -liabilities, E
obligatione, and encumbrancee of every nature on said described property, each ~
and every, aad it the same be not promptly paid the eaid Mortgagee, ite euccessore f
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