HomeMy WebLinkAbout0847 A Installseat Nota Date :>A~1~ 30j ~
For Yalue Receive.l, the undersigned promises to pay to the order of Geaeral _
~evelopaent CorporaLiaa, a Delsxare corporation authoriaed to transact busin as
in e State of Florida, the pri~aci 1 aua of ~
Bollara 4~~~ ) together vith iatereat oa the .
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vapaid balanc~ of satd principsl remaiaing fro~ tiae to time at the rate of
~s perceut per . Paymenta on princi_ pal plus~a~cc~
intereat shall be m~de in equal vonthly installments of ~~~D
Dollara _.34~,,.,) caamencing on tbe lOth day of ,
19 and a like sum on the lOth day of each calendar month thereafter until
fully paid. Said installments ahall be payable iu lawful currency of the
Uaited Statea of America or its equivalent at: 2828 Coral Way, Miami. Florida.
Payments of installm~nts shall be credited first to accrued interest and the
rea~ainder to reduc~ioa of principal. -
This indebtedness way be prepaid in Whole or in part at any time prior to
~aturity without premiua4 or penalty.
Bach maker and endorser severally waives dp~oand, protest and natice of
maturity, noa-payment or protest and all requirements necessary to hold each
of thea liable as makers and endoraers.
Bach mak~r and endorser further agrees, jointly and severally, to pay all ~
costs of collectioa, including a reasonable attorney's fee in case the principal
of this note or any payment oa the principal or any interest thereon is not paid
at the respective maturity thereof, or in case it beco~es necessary to protect
the security hereof, whether suit be brought or not.
Zhis note and deferred interest payments shall bear interest at the maximum
rate prescribed by the laws of the State of Florida from maturity until paid.
Thie note is secured by a purchase money mortgage of even date herewith and
~s to be canstrued and enforced according to the laws of the State of Florida;
upan default in the payment of principal and/or interest due on this note
secured by said Hortgage, the remaining unpaid balance of this note shall
forthvith become due and payable notwithstanding its_tenor.
_ ~M~ l. ~113~! (SF.AL)
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I~I ~o...~! ~~~r (SBAL)
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and shall perYormg co~ly ~rith and abide by each and every the stipula-
tions, agreements, coACiitions 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 Mortgagors, for themselves and their heirs, legal represen-
! tatives arxl assigns, hereby covenant and agree: ~
1. ~o p~r all and sing~ular the principal and interest and other
sums oY money pa~able by virtue of said pr9missory note and this deed,
~ _ or ei.ther, prompt],y on the days respectively the same severally become
due.
2. To pa~y all and singular the taxes, assessments, levies, lia-
bilities, obligations, and encumbrances of every nature on said des-
cribed property, each a~d every, and if tne same be not pro~tly paid
- the said l~iortgagee, its successorg, legal representatives or assigns,
may at ar~ t~ne pa~ the same t~tithout waiving or affecting the aption to
foreclose or ar~ right hereunder, and every pa~ment so made shall bear
interest from the date hereof at the maxi.nrum rate pravided by the lafrs
of the State of Florida~
~ 3. To pa~ all and singular the costs, charges and expenses, in-
cluding laxverts fees, reasonably incurred or paid at arpr time by said
~ l+•ortgagee, its sry:ccessors, legal representatives or assigns, because
ti of the failure on the part of the said ~Iortgagors, their heirs, legal
~ representatives or assigns to pertorm, co~ly ~rith and abide by each
~ and every the stipulations, a~eements, conditions and covenants of
~ said promissory note and this deed, or either, and every such pa~nrent
s'nall bear interest f'rom date at the maaimum rate pravided bv the laxs
of the State o~ Florida.
~ 4. To perniit, camnit or suffer no xaste, impairment or deterior-
~ ation of said property or az~ part thereof .
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eooK159 Pa~E 247
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