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~Inatalla~nt Nota D~t~_ ~
For Value 8eceived, the uaderaigned prosises to psy to ths order o! Genaral
Davalopoaat Corporation, a Delawara corporation authorised to transact buaiaeas
ia he State o! Florida, tha priacipal su~ o!
• Dollara ) toge
has vith it?terost on tbe ~
napaid balance of said principal re~sining froi tiss to tiaa at tbe sata of
Mt ~~rcant par ~ . Payasats on principal plw ~ccsu~d
interest a4a11 ba oade in equal sonthly inatallaants of
Dollass Lt.~ ) corencing on. the Oth daq of ,
19 aad a lika suo~ oa the lOth day of each ca2eadar ~ntb there~fter until
fn1l~ paid. Said iastall~enta sha12 be payable in lsvful curreacy of the
IIuited States of America or ita equivaleat at: 2828 Coral Way, Niaai Florida.
Pay~ents of inatallments shall be credited firat to accrued interest and the
re~sinder to reduction of principal.
Thia indebtedness 'ay be prepaid in Whole or in part at any time prior to
~aturity ~rithout presiu~?or penalty.
Bach ~aker and endorser severally vaives demand, protest and notice of
aaturity, non-paymeat or proteat and all requireaeats necesaary to hold each
of thea liable as makera and endorsera.
Sach maker and endorser farther agrees, ~ointlq and severally to pay ~11
costs of collectioa, including a reasonable attoraey's fee in case the principal
o# this note or any payiaeat on tbe principal or any interest thereoa is not paid
at Lhe respective maturity thereof, or in case it becaoes necessary to protect -
tbe security hereof, Whether suit be brougbt or not.
This note aad deferred intereat payments shall bear interest at the maisin~
rate prescribed by ~he laws of the Stute of Florida fro~ sataritp until paid.
Tbis note is secured bq a purcbase aoney oortgage of even date her~with
and is to be constsued aad enforced according to the laws of the State of Florida; -
upon default in the payment of principal and/or interest due oa this note
secured by said Hnrtgage, the reaaining~unpaid balance of tbia note shall
~orthwith becose due and payable notWithstanding its teaot. ~
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and shall perform, corr~7,y with and abide by each and every the stipula-
- tions, agreements, conditions and covenants of said promissory note and
of this deed, then this deed and the estate hereby created shatl cease
and be null and void.
AND the said Mortgagors, for themselves and their heirs, legal represen-
tatives and assigns, hsreby covenant and agree:
1. To pa~y a11 and-singular the principal and interest and other ~
sums of money pa~able by virtue of said promissory not,e and this deed,
or either, promptl,y on the c~rs respectively the sam~e severally become
due.
. 2. To pab? a],], and s3,ngular the taxe$, assess~nents, levies, lia- `
bilities, obl3gations, and encumbrances of every nature on said des-
cribed proper~y, each and every, and if the same be not pro~mptly paid
the said Hortgagee, its successors, legal representatives or assigns,
ma~ at aubr t3me pa~y the same r,rithout t,raiving or affecting the option to
foreclose or ar~r right hereunder, and every p~nt $o made shall bear
. . _ interest fY~o~n the date hereof at the ma~dmum rat,e provided by the la~rs - - 1
. of the State of Florida. ;
,
3. ~ To pa~ all and singular the costs, charges and expenses, in- ' '
cluding laWyer~a fees, reasonably incurred or paid at arzy time by said
Hortgagee, its successors, legal representatives or assigns, because
of the failure on the part oY the said Mortgagors, their heirs, legal
repreaentatives or assigas to perPorm, comply ~rith and abide by each
~wwd every the stipulations, a~eements, conditions and covenants of
said promissory note and this deed, or either, and every such p~yment
sha11. bear interest from date at the m~a3mum rate pravided by the laws
of the State of Florida. -
4. To permit, comnit or suffer no xaste, impairment or deterior-
ation oY said property or ariy part thereof.
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