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Home My WebLink About2918 • • MORTGAGS NOTS $660,240.00 " • Miami, Florida December l, 1974 For value received, the undersiqned, jointly and severally, promise to pay to the order of GENERAL DEVELOPMENT CO1ZpORATI.ON the principal sum of SIX HUNDRED SIXTY THOUSAND, TWO HUNDRED FORTY AND NO/100 ($660,240.00) DOLLARS, with interest thereon at the rate of seven (7) per centum per annum from date until maturity, said interest being payable annually; both principal and interest beinq payable in lawful money of the United States of America at c/o Legal Department, General Development Corporation, 1111 South Bayshore Drive, Miami, Florida 33131 or at such other address as the holder from time to time may specify by written notice to the maker, the principal and interest to be paid at the date or dates and in the mann~r following: - - The principal indebtedness evidenced by ~ this note shall be payable in four (4) equal and consecutive annual installments beqinninq one (1) year after date toqether with interest thereon. Said indebtedness ~ shall be payable in whole or in part at any time after December 31, 1974 without penalty. No prepayment may be made on . - this note prior to January 1, 1975. i . ~ This note to be construed and enforced according to the f ~ laws of the State of Florida, and is secured by mortgaqe on real ~ ~ estate of even date herewith. ~ ~ ~ If default be made in the a . ~ p yment of any of said sums or R - ~ interest or in the performance of any agreements contained herein, ~ then, at the option of the holder of the same, the principal sum ~ then remaining unpaid with accrued interest shall immediately ~ ~ become due and collectible withou~ notice, time being of the essence ~ of this contract and said p , princi al~um and said accrued interest s ~ ~ shall both bear interest at the rate of ten (10) per centum per ~ , ~ annum, from such time until paid. ~ ~ . . ~ . . _ . ~ :f - . . ~ ~ STATE oF F'L.OR~D~ t . ~ ax DOCt1MENTARY~ 'r;~ STAMP iA X. ~r ~ c~ DfPt. UF REYEf~iVE ` ~ ~ _ _ . ~ M= P~.-~-~~~ ; 9 9 t~ 4 5_~_ - ~ ^,~ioz ~ti..~ i ~ ~ ~ . . ~ eooK~ ~2~1~ ~ ~ ~ : ~ l ~ ~ ~~y*j ni. f~` 5'~ 'h' F+v -3 t S _ . ~ '.qs . ~~~~'~~=~~^'C~-M.~.~ ~~~a.~"._~ . ' ~5~:~.s~~~