HomeMy WebLinkAbout1678 Form CX 750408
Installment Note Date: November lst, 197I
For Value Received, the undersigned promises to pay to the order of
General Development Corporation, a Delaware corporation authorized to
transact business in the State of Florida, the principal sum of Seven
Thousand Dollars ($7,000.00) together with interest on the unpaid
balance of said principal remaining from time to time at the rate of
seven per cent per annum. Payments on principal plus accrued interest
shall be made in equal monthly installments of One Hundred Forty Dollars
($140.00), commencing on the lOth day of December, 1971, and a like
sum on the lOth day of each calendar month thereafter until fully paid.
Said installments shall be payable in lawful currency of the United
States of America or its equivalent, at: 1111 South Bayshore-D~ive,
Miami, Florida, 33131. Payments of installments shall be credited first
to accrued interest and the remainder to reduction of principal.
' This indebtedness may be prepaid in whole or in part at any time
; prior to maturity without premium or penalty.
~ Each maker and endorser severally waives demand, protest and notice
~ of maturity, non-payment or protest and all requirements necessary to
¢ hold each of them liable as makers and endorsers.
Each maker and endorser further agrees, jointly and severally, to pay
all cQSts of collection, including a reasonable attorney's fee in case
the principal of this note or any payment on the principal or any inter-
~ est thereon is not paid at the respective maturity thereof, or in case
5 it becomes necessary to protect the security hereof, whether suit be
brought or not.
~ This note and deferred interest payments shall bear interest at the
- maximum rate prescribed by the laws of the State of Florida from maturi-
' ty until paid.
~ This note is secured by a purchase money mortgage of even date here-
~
~ with and is to be construed and enforced according to the laws of the
State of Florida; upon default in the payment of principal and/or inter-
~z
- est due on this note secured by said Mortgage, the remaining unpaid
balance of this note shall forthwith become due and payable notwithstand-
~ ing its tenor. ~
~ ~O. SEAL) i
(SEAL)
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€?8.»~„~ - _ - 800K
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