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aeaigne. the certaia proamieeory note, ot which the iollawing in wo~de and figuree
ie a true copy to-wit:
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MORTGAGE NOTE {
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$ ~_~m ~ Florida ~
- 196~
For value received,
the maker(s), hereby promise(s to pay to GENERAL DEV LOPMENT CORPORATION,
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 pe~yee, or order, the
principalsumoa~~~~~
with interest from date at e rate of ~ q6 per annum on the unpaid principal
until paid, such principal and interest on the unpaid balance to be paid as followe:
The sum of ~
on or before the day of ,~y , 19 K, and
a like sum on the saine date of each~~onth thereafter
until four (4) years from date here time the outstand-
ing balance of principal and accrued intereet shall be payable in
full.
All payments shall be applicable first to interest and then to principal. All paqments
of principal and interest shall be made i~ lawful currency of the United States payable
to the order of payee, or order, and mailed to payee or 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 pa.yee without payment of any premium. In
event of default the maker(s) will pay ail costs of collection including a reaeonabte
attorney's fee. Demand, presentment, protest and notice of maturity are waived.
This note shall nat be considered in default untit 30 daqs after the due date of any in- '
stallment of principal and interest. Should maker(a ) fail to paq any installment of
principal and intereet when due before the end of thie 30 day grace period, then the
holder has the option to declare the entire amount of principe~l then remaining unpaid,
together with all accrued intereat, immediately due and pe~yable forthwfth.
~ ~i1~e~ L 1~l~ (SEAL)
~ i~ M. ~i~i (SEAL)
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and shatl perform, comply with and abide by each and every the atipulations, 4
agreements, oonditions and covenants of said promissory nate and of this deed, j
then this deed and the estate hereby created shall cease and be null and void. ~
AND the said Mortgagor, for t~~ heirs and assigns, herebq
covenant and agree:
1) To pay all and singular the principal and interest and other sums of ;
• money payable bq virtue of said promissory aote and this deed, or either, prompt- ~
ly on the days respectively the same severally become due. i~
2) To pay all and singular the taxes, aseessmente, levies, liabilities, !
obtigations, and encumbrancea of everq nature on said deacribed property, each ;
and every, and it t6e same be not promptly paid the aaid Mortgagee, its encceseore
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aooK 150 278
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