HomeMy WebLinkAbout2097 , . For~ CX 750k08
Iastallmaat Nota Data : ldi
!or Yalw Itecaived, tha vadarsigned promise• to paq to ths.ord~Y o~.Gsaaral
D~valop~ant Corpora~ion, a Delawars corporatian authorised to transact business
in tbs 8 ts of Florida, tha priacipal su~ of
• _•Dollars ($~.!lS•0~ , to~eth~r ~ri intereat oo .
uapai balmce of aaid priacipa2 re~sintag f~co~ ti~e to tis~ at' tha irats o~
~Ls parceat per . Pay~enta on principal plu~ accruad
interest~~ball b~ aade ia equal ~aot ly installoants of~
,
Dollara ) ca~osncing on tha lOth daj of ,
1 aad a lika su~ oa tha day of each calendar aa?tb thereafter until
full~ paid. Said inatallaeata ahall be payabla in lavful currancy-of th~.
Unitad States of tisrica or its equivala~at at: 2828 Coral Way, Niaoi Florida.
Pay~eata of instalLents shall ba credited first to accrued intereat and the
reaesinder to reductioo of priacipal.
Zhis indebtedaese sey be prepaid ia whole or in part at aay tiAe prior to
eaturity vlthout premium or panslty. ~
Bach ~aker and endorsar aeverally iraivea demaad, protest and notice of
oaturity, non-pay~ent or proteat and all requireoeats aecessary to hold each
of theo liable aa ~akera and endorsera.
Bacb ssker and endoraer further agreea, ~ointly aad severallq, to psy all
coats of collectian, including a ressonable attorney's fee in case the principal
of this note or eny paymeat vn the principal or any intarest thereon ia aot paid
at tha reapective aaturity thereof, or in case it becooes necessary to protect
the security hereof, vhether suit be brought or not.
lbis note and deferred interest paymeats shall bear interest at the manimu~
rate prescribed by the lava of tbe State of Florida froo maturity uatil paid.
ZUis note ia aecured by a purcbase maney mortgage of even date herevith and
is to be coastrued and enforced according to the lavs of the State of Flarida;
upan ~t in the paymeat of principal and/or interest due an this note
aecured by aaid l~ortgage, the reoaiaing uapaid balance of this n e 11
forth~rith become due and payable notwitbstandi s teno
. ,
(SBAL)
_ - ~ (SEAI.)
.
~-and shall perform, co~ly xith snd abide by each snd every the atipulsr
tions, agreea~ents, conditions aad covenanta of said proanissory note and
of this deed, then this deed and the estate hereby created shail cease
and be null and void.
AND the said Mortgagors, for themselv~es and their heirs, legal represen- ?
tativ~es and assigns, hereby covenant snd agree:
1. To pa~r all and singular the principal snd interest and other
sums of money pa~yTable by virtu+e oY said p~omiseory note snd this deed, ~
or either, pramptly on the dap~s respectivel~ the sam~e aeverally becom~e ~
due. . !
. ;
2. To paar a11 and singular the taaes, asaessments, levies, lia-
bilities, obligations, a~ encumb~ances oY every nature fln ssid des- f
eribed property, each and every, arxi 3t the same be not p~omptly paid . ~
tl~e said liartgagee, its successors, legal rep~esentatives or assigns,
ma~r at a~ t3me pa~r the ssme ~rit~Zt xaiving ar affecting the option to
foreclose or ar~y right hereunder, arid every paament 8o mad~e shall bear
interest f~an the date hereoY at the m~nd~mim rate provided by the laxs
of the State oY Florida.
3. To p~ all and s3ngular the oosts, charges aund eapenses, in-
cludit~g laayer~ s Yees, reasonably incurred or paid at at~r t3me by said
Mortgagee, its succeasors, legal representatf.v+es or assigns, because
: of the failnre on the part ot ttie said Mortgagora, their heirs, legal ~ f
repreaentatives or asaigne to perYoa~n, ca~ly xith and abide by each
_ ard ev~ery the et3pulationa, agremaents, coriditions and covenants of
said p~omissory note aud this deed, or either, and ev~ery such pa~nent
sha]1 besr interest t~ame date at the ma~dan~m rate providsd by the laKs
. of tbe State a! Flarida. .
~ 4. To permit, ca~nit ar suffer no xaste, impair~eat or deterior-
ation a~ said property or ar~y part thereot.
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~ ~x165 ~2Q~
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