HomeMy WebLinkAbout2698 ment Corporation, or its successor in interestj delivery of same
beinq conditioned only upon the paymenta prescribed by this note
and the mortgaqe which secures same. which payments shall be
made to the escrow agent. Said escrow aqent shall also hold in
escrow this oriqinal note and the oriqinal mortqage for the pur-
pose of surrendering same to the mortqaqor, or its successors
in interest upon payment in full. The payees named herein as •
holders of tY~.is note and the mortqaqe securfnq saune aqree not to
assiqn said note or mortgaqe, either in part or in whole, unless
reasonable provisione have been made whereby executed partial re-
leases and a satisfaction of mortqaqe are available from said
assignee upon payment of the sums set out herein. The purpose of
this provision is to provide the mortqaqor in the mortqaqe secur-
inq this note, and/or its successors in interest, with partial
` releases referred to in said mortqaqe upon 72 hours notice and
upon the required payment for such partfal releases by cashier's
check. ~
Notwithstandinq anythinq contained hereinabove, the maker
and endorser of this note shall receive twenty (20) days' written
notice to cure any default in this note or the mortgaqe herein-
after or hereinabove referred to. The maker and endorser waives
protest and presentment for payment, and in case suit shall be
brouqht for the collection hereof, or the same has to be collect-
ed upon demand of an attorney, to pay reasonable attorney's fees
and all reasonable costs for makinq such collection.
The maker =eserves the privileqe of prepayinq the indebted-
ness evidenced hereby in full or in part at any time after Janu-
ary lst, 1971, without penalty or premium for such payment. All
partial payments made on this note shall be applied to the next
unpaid installment of the indebtedness evidenced hereby and if
said partial prepayments exceed the amount of the next install-
ment of the indebtedness evidenced hereby~ then the excess shall
be applied to the next ensuinq installment or installments of the
indebtedness evidenced hereby.
WITNESS the hand and seal of each party. ~ .
,
GENERAL DEVELOPMENT CORPORATION
f BY:
~ s/ Frederick E. Roach
~ (Corporate seal) Pres ent
Attest:
.
,~s~~~~,~f ls/ Uaviu A. Doheny - - - - - . - -
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CD ~ • 38 ~ -
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- _ •RCLLE - _ w - - -
~~I~'~' I ~0138 = ~ -------^=s - .
~ ~ ~ - • L,.=~., , ; ~~~9~~U=~ 9900=- 990~0~~~ p~
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~ C) -~i a ^ .OLL£F~; ~ ^S _ s . " s ~ .
~ I111111111°oa ~ 13s _ - ~ - - _ - - ~ - •
~j•'/Jf . _ . . .................y . . . ,y . .
~lnno~ 99~00~ 9900? 990~03 9900= 9900~ 9900~ 9900~ 990~~
- ~ ~-~--.-oP _ _ :
_ : ~nl ~1S ~iaa : _
. . ~ p .
, . . . . _ 3 _ BOOK ~04 PACE 269~
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