HomeMy WebLinkAbout0061 Fors CR 750408
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~ Iastallmeat Nota Date:
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Por Value Rsceivad, tt~e underaigned promises to pay to the order of General
Development Corporation, a Delavsre corporation autborised to traasact buainesa
in tha Stata of Flosida, tt?e principal sum of » l~Lt' ~i ~ t~
~ ee/1~,. Dollars ,4~L.~1 ) togathas vith interest aa tha
uapaid balanc~ of aaid principal resaining frow tlme to tisa at tha rate of
parcent par r¦~ . Payoents on principal plus accrued
interest ahal be sada in equal ~onthly inatallmeata of
Dollars ) co~oencing on the lOt dsy of
1 a like sum an the th day of each cale~tdar moath thereafter uatil
fully paid. Said installoeata shall be payable in lawful currancy of the ~
United Statea of America or its equivaleat at: 2828 Coral Way, Miami Florida.
Payments of installmenta ehall be credited first to accrued interest and the
remainder to reduction of principal. -
1~ia indebtedneas oay be prepaid in ~rhole or in part at any time prior to
maturity irithout premium or penalty. .
Bach ~aker and endoraes asverally~vaivea demand, proteat and notice of
maturity, nan-payoent or proteat and all requirements necesaary to hold each
of tbe. liabla as mskers and endoraers. ~
Bach maker aad eadoraer further agseea, ~ointly and aeverally, to pay all
costa of collection, including a reasvnable attorney's fee in case the principal
of this note or aay paymeat ca the principal or any interest thereon is not paid
at tbe reapective'~aturiCy thereof, or in caee it becomea necessary to protect
the security bereof, vhether suit be brcught or not.
. lhis note and deferred intereat payments shall bear intereat at the oaYimum
rate prescr3bed by the lawa of the State of Florida from maturity vatil paid.
This note is aecured by a purchase maney mortgage of even date herewith and
is to be construed and enforced according to the lavs of the State of Florida;
upoa default in the payment of principal and/or interest due an this note
sec~ed by said Mortgage, the remaining unpaid balance of thia note ahall
~ forthvith become due and paqable notwithstanding ita tenor.
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and shall perform, co~~r~rith snd abide by each and every the stipul~
tions, agreements, condi.tions 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.
AMU the said Mortgagors, for themselves and their heirs, legal represen- -
tativ~es and assigns, hereby comenant and agree:
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I 1. To pa~y all and singnlar the principal and interest and other
! sums o~ money pa~able by virtue oY said pra~issory note and this deed,
~ or eit~her, pro~ptly on the da~s respectively ths same severally become ~
€ due. .
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2. To pa~r all and singular the tazes, assessments, levies, lia- ~
bilities, obligations, and encumbacances oY every nature on said des- ~
cribed property, each and ev~ery, and iY the same be not paco~mptly paid ~
the said Mortgagee, its successors, legal rep~esentativ+es or assigns, `
mapt at a~r time pay the sam~e t~rlthout xaiving or affecting the option to '
~oreclose or ar~ right hereunder, and every payment so made shall bear
interest f'r~ the date hereof a~ ~he ma~dmum rate provided by the las~rs
of the State of Florida.
3. To pa~r all and singular the costs, charges and eapenses, in-
cluding lairyer~s ~ees, reasonably incurred or paid at a~ time by said
~ Mortgagee, its successors, legal representatives or assigns, because
~ of the Yailnre on the part oY tt~e said Mortgagors, their heirs, legal~ ~
` representatives ar assigns to perform, ca~ly xith and abide by each ~
and every the stipulations, a~eements, couditions and covenants of ' ~
said praasissary r,ate and this deed, or either, snd ev~ery such pa~nnent r
8ha11 bear interest fram~date at the ma~dna~m rate provided by the laxs ~
of' t~e State o~ Florida. s
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~ 4. To permit, caa~ait or sutYer no xaste, im~airment or deterior- i
ation af said property or a~t part thereof.
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aooK 165 60
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