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Tp HAVg AND TO 80LD the ~ame, togat6er witL the tenementa, henditaments and tp-
purteasuces, unto tha said Mortgagee, end ita ~ucceewn and aseign~, in iee simpla
AND ihe ~aid Mortgagor S. [or themselves an~ their -~ein, le;al rcpra
eeatativea and aeeigna
rovenant witL eaid Mortgagee, its ~ncceswrs, leaal
repreaentativea and aeaigw, that eaid Mortgagor~ are
rnde[ea.ibly
~eized of _said land in fee aimple; that the said Morigagor ~?~~vf' full power and lawful right
to convey suid land in fee simple as atoreeaid; that it ehall be lawful for eaid hiortgagee, its euc-
ceeeora, legal representativea and asaign~, at all tunea peaceablq and quietly to eater npon, hald.
occapy and enjoy said land; that eaid land ia Erce [rom all enc~unbrancca; that said Mortgagor.s,
P i r heirs and legal representativea, will malce such [urlher aseurancee to pedect the fee ~imple
tide to eaid land in eaid Mortgagce,its sncceseors, legal repteaentativea and aeaigw, ea may reawnablq
be required; and that eaid biortgagor s do
~hereby fully warrant_ the tiile to said
land and will defend the same against t1~e lawfnl claims of all pereons whomsoever.
PROVIDED AL~VAYS, that if aaid Mortgagors, thei.l- 'heirs, legal rtpresenta-
s
tivea or aasigne, aha11 pap uato the said Mortgagee, ita encceeeors, legal repreeentativee or aesigcu, the
oertain promieeory note-, of which the following in worde and Cignrr• i s a trae
~op,,.~- , to-wit:
Mort~age Note . ~
36_.r296_.25--.- -..... ... . ... Miami,c~~ea Januar.y. .]-. --------- ---ro-81 :
FOR YAWE RECEIY€D tM w~dasi9n+i p~omiso: to pay to tfie wder of '
. . --•-.- - .....GENERAI,. .AEV~~OPMENT...CORPORATZ~N. ._ ......_ .............. .. . .. . ..----.
- ----- ----~-~ . ... .............. ....------ - ~ +
~~e ~~M~~ ~jO1 ~..Thirtx-six_._Thousand, Two Hundred. Ninety-Six..,and__.25/100......__._. . _._..____~:
to9elhar wifb int~rnl ifi~r~on af fM rat~ d .9.~~/..2........o.. ~.~ P« ;~ r.«~.. date .. .... .. ... . ..... ..... ._._._ _......_. _....-.----...-. - ----.- ~~
. ....... .....••---~--- .....
unt~l maturity, bolh principsl and int~r~s1 b~inq paYablt ie L~wlut Monq ot ths Un~ted S1at~s, wch princ%psl wm and inlerss! psysbb in instsllm~nts ss fdlows_ ;
1
In quarterly principal payments of $9,074.06, plus interest ori the f
unpaid balance, payable respectively on the seventh days of April, July i
and October 1981, and a principal payment of $9,074.07 due and payable
on the seventh day of January 1982 at which time the entire sum, together ~
with all accrued interest thereon shall become due and payable.
+`
Such insrallment psYtn~s shatl bs appli~d C-s1 to th~ interesl sccrwny under ths te~ms of Ihis note and then lo s reduc~ion o( ~he prinupsl indebf~dness. 1
The makers and endorscrs of this not~ fuAhM agres to wa~w demand, nolice ol non-paymrnf and potest, and io Ih~ tvenl wit sha11 bs boughl fw Ihe
co~lection hsreol, o~ ths sacn~ has fo be collacted upon demand of an atfwney, to pay ~assonab{e attanay'a (ees for makin9 wch cdlx~ion. All psymenls her~- ~
u~der shsll bsar iMerest at Ih~ rab of....tell...percenf per serwm Irom rratw~ly until pa±d. This nole is secured bY a mort9age of even dafs herewith snd 'u to
be construed and a-faced accordmy to th~ laws ol the Sfs~~ of Flwids; upon default in tM psyment of principa! and~or intaesl when dw, th~ whole sum of
principal and in~eres~ remaining unpaid shsll, at tM option o( th~ hoWers, cecom~ im~nediately due and payable. Fa~ture Io exercist 1Ais option sha11 not tonslituta ~
~ waiver of tM righl fo sxerc~ss Ihe ssm~ in tM orenl o( wbsequent de(autt.
~ar,bi~,r.._._llll._South Bayshore_...Driye,. Miami, Flori~a. ~~7.31. .. _ . ....... .... ...... _......_ ......~sEA~~ !
. ~SEAL
_ :. . ... . ._.... _. _. .. .. ......._ .._... . ....... . ...... . _ .. ....... .. .... . .. ...... ...... . .. . ... . . . . . ...... .. ... . 1 ,
I
.. ... ........... . .. .. .. . .. .. ..-- °-.. . . ... .. ... .
or such other place as shalf be .....ISEAty j
des~gnated by Ihs holder o( Ihis j
. . .. _ ... . .. .. . ........ . ....... . ...._ . ....
no!e ~n wnAng. ....... ....._..._ ........
. .. .._( ~
- _ ~
and shall pedorm, complp rrith and abide by each and everp the stipulations, agreemenL. condi-
tione and covenants of aaid promiseory note_ and of thie deed, then this deed and t6e eatate hanby
created shall ceaee and be nnll and void. ~
~ AND the eaid Mortgagor S, for
legal repreeentatives an~ aeei~a, hereby
- covenant and agree:
~
~
- - _f-~.~ {_~-~ 1
~hemselves ~+nd ~Y1e.ir heirs,
a~~~3~6 ~~~t 1~~
-~~~