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" ~ro~ided Alwsr=, that ij said hlortgagor(a) skall pay u~Uo the .ltortgagee(s) the certain
pro»iiasory note. of u>hich tke fotlou~ing in words and figures is a true copy. to u~it: ,
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(Note attached) i _
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PROMISSORY NOTE
$_~~,,0:~0.00 Miami, Florida .j~ne 3_ ~ 19 7Q
FOR VALUE RECEIVED the undersigned~ joinily and severally, promise to PAY TO THE cRDER OF
FIDELTTY A~D DEPOSIT CO`~:YA'~Y OF MARYIA~J, a 1~larvland ccr~~ratxnn, _
The principai sum ot ~Q Nunc:red Fi~v?ho~sand Uol~~rs- - - - - - - - - - - -
2SO,Ut~0.00 ) together ~vitli the interest thereon i iom date ~ ~ ~ , ~ ~ c ~ ^ `
c~.t 1h@ rate of S 1X percer~t per dI1flUili tJlltl~ n~~a?ui ity~ c~.~ j»)'T~~e IIl ~o~i+:.~ iT~_ :.i.~ v~ :~IC ..(li..,~ .~ta.C.. O. ~:1?1CfiC3~
as follo~vs: Prin~ipal amount payable on June 3, 1980; i~:terest on principa'_ am~~int
payable a::l,ually cc,.,.;~encing one (1) ycar fro,~ d?te.
This note may be; prepaid in whole or in part without penaZty. f
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- • -'~'~r - • ~~OF V ~ ~ V~rai V ~ ~ u~
4+ STATt oF FtOt~l{~ ~'T~TE HLO~1 - ,
~2 ~ OOCUMEOiTAa" TAMP IA ~~NTA~'w Tq TA _A~" STAMP tAx iTAMP TA~
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. ~ s. 11N-!A _ ~ ~ ~ -
~ 9900=
J _ 7 8
0 ~~-r~ rv~ 9 9 0 Q~i 9 9 0 0~ :
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~'OMPTROI~ER , ~ ~ " _
P.B. ~4o~so
'~1I payments shall apply lirst to accrued interest, and the remsinde~, if any, to reduclion of principa{. If any inst~llment of principal or
inte~est is not paid ~~•t~en due, or upon any default in the pPrforrnance of any of ttie covenants or agreeme~ts of this note, or oi any
,insirument now Qr hereaiter evedencing or securing this noie or the obligation tep~esented hereby, the whole ind..btcdness (i»:ludin~
incipal and interes;) remaining unpaid, shail, at the opt+o~ of the hold~r, become irnmediately due, p~yabie and colleciible, and whilc in
d~f: ;~li, this note and deferred interest shall tiear interest at the rate oi t~'-n~10~ percent pcr annum.
E~ch maker and endorser severatly waives demand, protest and notice of maturity. non•payment or pro2es! and all :equirements neces-
s.:ry to hofd each of them tiabte as nzahers and endorsers. Each maker and endorser turLher agrees, joi~ily and seve•ai:y, to pay atl
c~~.'s of cotlection, incJud~ng reasonat:le attomey tees in case the princiFal ot ti~is note or any payanent on ihe principal or any interest
ti~e:eon is not pa~d at the respectiva aiaturity thereof~ or in case it becomes necessary to protect the security hereoi, whettier suit b~
broubht or noL
,~~1 1 ~
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Pa~•~~!~ at ~ . I~ ~ ~ ~ C ~1 (Seal
/ (Seaf)
or such olher ptace as shaU bp designated by the holder ~
of this nate in writing.
FORM w-as
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p and shall perfor?n, compl~ u.•ith and abide by eath a~td ei~ery the stipulatioiis, agrecme.nts, co?idi- f
~ tions a~:d cot•enants of said promissory note and oj thi8 deed. thP?~ rhi~ dFCd and the e:etate hereb~ ; ~
~ created shall eease an~~ be ~iult and void. ~
And the said Nortgayor(sj hereby eorenant(a) and agree(a): I
~ 1. To pay all and singular the preneipal and intere8t a~:d other sr~nts oj naoire~ ~xe~/abte by f
~ i•irtue of said prorntssory note and this deed. or either, prompH~ o~: the da~s rexpectively the same !
sei~erall~ eome due. - ,
.`L. To pa~/ all and singular the taxea, asaesgmenta, ler,ries, liabilities, o6ligation~ and enetcm-
Lrances oj e:•ery ~reature on said described property each ancl every, and if tke same be not promptly
paid the said .'LlortgageP(sj may at any time ~ay the same inithuut u•aiving or affetting the aption
to foreclose or any right hcreunder, and every payment so marte ~hall hear interest Jrom date
r; trereof at the rate oJ 8 per eent. per annum. `
3. To pay all and singielar the custa, charges and ezpenses, includi»g tarr~er's fees, reasanably I {
incurred or.• pnid by said ~Ifortgagec(s~ bee~t~se of the ~ailure on the part oj' the said Mortgagor(s) I
~ to perJorm, compl~ u~ith and abide b~ each and euery 3ttpIl~Qt1UI18. agreements, conditions and ;
cur.~enants of said promissor~~ note and this deed, o* either, aud everU such payment shall bear
~ interest from date thereoj at the rnte of 8 ~er cent. per a~:num.
.G. To keep the building(s~ ~torr or hereafter on said la~~d insure~l i~t a Yum »ot less thun >
~ the then current replacement value '
~ in a company or c~mpanies to Ge approi•ed Gy said .3inrtyagee(s~, and thP polieU or ~olieies held `
~ by and payable to aaid btortgagee(s~, and in the ei•e~rt any 8um oj mo>:e~ beeomes paya6le under i
~ sueh policy or polieies, the :~fortgagee(a~ shall haL~e the option to reeeive and apply the same on
~ account oj the indebtedness hereb~ securQd or to perniit the Mortgagor~s~ to receive and use it,
~ or. an rt thereo , or other
y pa f J purposes, ioithout thereby ie•aiz~~ny or impairin a~~ e uit lien or
9 11 4 I/
~ right wider ar by ~cirtue oJ this mortgage, and may ~lace and pay jor .nich insurance or any part
~ thereof uithoret u~aiz~ing or a~Jecti~rg the option to foreclose or niiy right hereunder, and each and
e~~ery auch payment shall bear intere8t jrom date at the rate oj g per eeret. per annum.
_ 5. To permit, eommit or aufftr no waatt, impairment or deterioration oJ said propert~ or any
part thereoj. _
; 6. To perJorm, comply u~ith and abide by each and e:+er~ the sti~.?ulatio~ts, agreementa, eondf-
~ : tiona and to~enanta in said promissory note and ~n thia deed ~et Jorth.
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~ . ~0~~~7 F~~E~82
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