HomeMy WebLinkAbout0043 For~ QC 750408
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Inatalloeat Nots Data:_~~ 3~ 1~ ~ -
For Valua Received, tba uaderaigaed promisea to pay to tha order of General ~
Davalopoent Corporation, a Delaaare corporatioa authorised to transact~busineas ~
in the Stata of Florida, tha priaci 1 sua of ~i
llts_~~•. ~,_•Dollara M togethes vitb iotesyat on ths
uapaid balancs•of aaid principal ra~ainiag frc~ ti~e to tiais at the rate of
~1i parcent per ~ . Payvents on principal plua accrued
interas sLall ba sada in aqual oont ly in~tallments of
Dollara ~1 ) coomenciag on the lath day of ,
1 9 a
n
d a l i
k
e su~ on t
he 1 day of eacb caleadar month_theresftar uatil ~
fuliy paid. Said instalLosata shall be payable in laWful currency of t2~e
Unitad Statas of America or its equivalent at: 2828 Coral Way, Piiaoi Florida.
Payateats of inatalloedts shall be credited first ta accrued intereat and the
remaiader to reduction of principal.
This iadebtedness may be prepaid in whole or in part at any time prior to
maturity Without preoiuo or penalty. _
Bac6 maker and endorser aaverally vaives demarid, protest aad notice of
oaturity, aon-payeent or proteat and all requirementa necessary to hold each
of them liable as makera aad endoraera. ~
Bac6 saker and endorser further agrees, jointly and severallq, to pay all
coats of collectioa, incl~ding a resaonable attorney's fee in case the principal
of thie note or any payment an the priacipal or anq interest thereon ia not paid
aC the respective a~aturity thereof, or in case it becoaies necessary to protect
the security bereof, vhether suit be brought or not. :
ZUis note and deferred interest paymenta shal2 bear intereat at the ma~cimum
rate prescribed by the laws of the State of Florida from maturity until paid. f
~ This note is secured by a purchaee maney mortgage of even date herewith and
is to be conatrued aad enforced accordiag to the lavs of the State of Florida;
apon default in the payment of principal and/or interest due aa thi8 note
"w`'`°s~cured by said Mortgage, the reaaining unpaid balaace of this note ahall
'''forthwith becoe~e due aad payable notwithataading ita tenor.
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and shall perform, con~ly.xith and abide by each and ev+ery the stipul~
tions, agreements, conditions_and covenants of said promissory note and
of this deed, then this deed and the estate hereby created shall cea~e
and be null and vuid.
AND the said Hortgagors, for themselves and their heirs, legal represen-
tativ~es and assigns, hereby covenant and agree:
1. Te ga~ all and singular the pr3ncipal and interest and other
sums of maney p~yable by virtue oF said_pra~issoYq note and this deed, ~
or eiLher, pra~nptly on the da~s respectively th~e same semerally bec~ae `
due. - - ;
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2. To papr all srid singular the tazes, assessinents, levies, lia- r
: bilities, obligations, and encuml~rances of every nature on said des- ~
cribed property, each and every, and~ if the samE be not pa~ompt],y paid ~
th~e said Hortgagee, its succeesors, legal rep~e~entatives or sissigns, ~
ma~r at at~ tfine p~yy the same ~ithaut xaiving or aff'ecting the option to ~
foreclose or s~r right hereunder, and every pa~ment so made shall bear . ~
interest Praad the date h~ereof at the ma~dmn~m rate provided by the lairs
o~ the State of Florida.
3. To pa~ all and singular the costs, chargee and ezpenses, in-
cluding laWyer~s fees, reasonably incurred or paid at ar~r time by said
Hortgag~ee, ita successors, legal representatives or assigr~s, because ~
o~ the ~ailure on th~ part at the safd Mortgagors, tY~ir heire, legal ~
representatives ar as$igns to perform, cae~ly xith and abide by each ;
~ sv~erg ths stipnlationa, agree~ents, canditions and covenants oY '
said pranissory note aud this deed, or eitber, and ev~ery suo~? pa~rment
ahaal bear intsrest f~am date at the ms~dmum rate pravided by the laxs
of tt~e 3tate ot Florida.
4. To permit, ca~nit or suffer no ~raste, 3mpatrment or deterior-
ation af' said property or ~ part thereof.
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