HomeMy WebLinkAbout1195 . ~ . yc,~ibili~ u ° iA - ~ _ - - ~ -
or priatini ans~?t~siact~t~ - -
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doo~nt tor sic:otil ~ ~
::~siallment Note Date: ,h1, T~ 1~
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---3?vr Value Raceived, the undersi~n~d promises to p~.y to th.: order of General De-"`~'"~ ~
: alopment Corporation, a Dela~vare corporation authorized to transact business in the
~tate of Flarida, the principal sum of » l~i1) ~..~s ~L ~ip0• • ~ • • • • • . ,
~ollars ) together ~~vith interest on the w:; aid ba?a.nce of szid principal
~ emaining from time to time at the rate of one~half (1 /2%) pex cent per moiith, Payments
~n principal plus accrued interest shall be made in equal monthly i:~stallments of
~ ~ ~ ~ ~ . ~ Dollars ~.~0 )commencing on the lOth day
, 19~_and a like sum on tr.e lOth day of each calendar month Q;
::iereafter until fully paid. Said ins;aliments sr.ali be payable in lawful currency of the
:;nited Statos of America or its,equivaler.t at: 2828 Co<«I Way, ~~iiaini, Floricia, Payments
~i installments shall be credited first to sccrued intare~t and t~e remainder to reduction
~f principal.
This indebtedness may be prepaid in whole or in part -a~ any tiine prior to maturity
~-it'nout ~ premium or penalty,
.r.ach m~cer and endorser severally waivas dem~nd, protest and notice of maturity,
:on-payment or protest and all requirements necessary to hold each of them liable as
na::ers and endorsers.
~.ach maker and endorser further agrees, joir,tly and severa2Zy, to pay ~.ll costs o~
:ollection, including a reasonable attorney's fee in case the principal of tlus note or any
.ayment on the principal or any interest thereon is r.ot paid at the res~ectiva maturity
~iereof, or in case it becomes necessary to protec~ ±ha s~curity hereof, whether suit
brought or not.
This note and deferred interest payr_.e~ts shali ~r ;::ie, es~ ~t ~ue m~a:imum rata
: escribed by the laws of~ the State Oi ___.,~:GB irc~n ::~turiiy ~zid,
T1:::: note is secured by a purchwse ::or.ey more~Gjli of eve_~< here~vit~ and is to
e construed anci enforced according to th.; laws oi the State a~ ida; u~on de~ault in
c~e payment of principal and/or interest due on this r.ote secured c•J said \/ortsage, the
em.aining unpaid balance of this note shall fortr.with become due a:~d ~ayable not~vith••
tanding its tenor.
Vi1~N ~ii~ ~Sealj
~Seal)
and shall perform, comply with and abide by each and every the stipulations, agree-
ments, 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.
( AND the said Mortgagors, for themselves and their heirs, legal representatives and
assigns, hereby 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 ~ue.
2. To pay all and singular the ta~es, assessments, levies, liabilities, ob-
ligations, and incumbrances of every nature on said described property, each and
every, aad if the same be not promptly paid the said Mortgagee, its successors,
iegal representatives or assigns, may at any time pay the same without waiving or
affecting the oprion to foreclose or any right hereunder, and every payment so made
shall bear interest from the date hereof at the maximum rate provided by the laws
of the State of Florida. . '
3. To pay all and singular the costs, charges and expenses, including law-
yer's fees, reasonably incurred or paid at any time by said Mortga~ee, its succes-
sors, legal representatives or assigns, because of the failure on 'the part of the said
viortgagore, their heire, legal representatives or assigns to perform, comply with
and abide by each and every the stipulations, agreements, conditions ~ind covenants
of said promisaory note and this desd, or either, and every such pl~ment shall
bear interest from date at the maximum rate provided by the lat~is of the State of
Florida. `
4. To permit~ commit or suffer no waste, impairment or deterioration of
said property or any part thereof. ~
- 2- ~ R 154 595
800K
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