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Forai CX 750408 ~
Installment Nota Date: Ms~~ i4~~
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For Value Received, the undersigned praniaea to psy to the order of General ~
Developmeat Corporation, a Delawsre corporation authorised to transact buslness ~
in the State of Florida, the principal sum of ~~W~ ~i ,
a,~,~t
~_p~,• Dollaza togather vit'.: interest oa the i
uapaid balance of said principal remainit~g fYOm tima to tima at tha rate of ~
percent per Payments on principal plus accrued i
interest ahall be made in equal monthly installments of f
.Dollars 1,~5.00 ) coa~mencing oa the lOth day of , }
19 and a like aum on the lOth day of each calendar month thereaftor until ;
fully paid. Said inetallments ahall be payable in lawful currency of the !
United States of America or ita equivalent at: 2828 Coral Way, Miami Florida. ~
Payments of installments shall D4 credited first to accrued intereat and the ~
remainder to reduction of princi~al. `
This indebtedness may be prepaid in whole or in part at any time prior to ~
maturity Without premium or penalty. ~
Each rnaker and endorser severally waives demand, protest and notice of ~
maturity, non•payment or protest and all requirements necessary to hold each {
of them liable as makera and endorsere. ~
Each maker aad endoraer further agrees, jointly and severally, to pay all
coate of collection, including a reasonable attorney's fee in case the principal
of this note or any payment on ihe principal or any interest thereon is not paid
at the respective maturity thereof, or in caee it becomes nccassary to protect
the security hereof, whether suit be brought or not.
This note and deferred interest payments shall bear interest at the maximum
rate preacribed by the laws of the State of Fl.orida from maturity until paid. ,
. This note is secured by a peirchase money mortgage of even date herevith and
is to be construed and enforced according to the laws of the State of Florida; ~
npon default in the payment of principal and/or interest due on this note ?
secured by said Mortgage, the remaining unpaid balance of this note shall~"~~"
forthwith become due and payable notwithstanding its tenor. t
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and shall perform, ~omply with and abide by each and every the stipula- t
tions, 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.
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AND the said Mortgagors, for themselves and their heirs, legal represen-
tatives and assigns, hereby covenant and agree:
1. To p~y all and singular the principal and interest and other
sums of money p~yable by virtue of said promissory note and this deed,
or either, promptly on the da`ys respectively the sar~e severa2ly 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 and every, and if the same be not promptly paid
the said Mortgagee, its successors, legal representatives or assigns,
m~y at ar~ time p~y the same Frithout xaiving or affecting the option to
foreclose or ar~ right hereunder, and every pa~yment so made shall bear
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interest from the date hereof at the maximum rate provfded by the Iaxs
of the State of Florida.
3. To p~r atZ and singular the costs, charges and e.xpenses, in-
cZuding laxyer~s feea, reasonably incurred or paid at arLy time by said
Mortgagee, its successors, legal representatives or assigns, because
of the Pailure on the part of the said Mortgagors, their heirs, legal
representatives or assigns to perform, cnr?~ly With and abide by each
and every the stipulations, agreements, conditions and covenants of
said promissory note and this deed, or either, and every such pa~nnent
shall bear interest from date at the mauimum rate provided by the 2aws
of the State of Florida.
tt. To permit, comnit or suffer no Waste, impairment or deterior-
ation of said property or at~ part thereof.
_ 2 _
~o~ 163 P~ 5~4
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