HomeMy WebLinkAbout0747~o ~laue and to ~otd t{ie same, foy~t~~~r u~it{- the fenemenfs, heredifuments an~ appurfe-
naric~•s f{ipr:to f~~~unging, anc~ fhe renis, issues anJ projits thereo~, unto 1'~e mortgagee, in ~ee simp~e.
Iin~ t~ie morlAagor covenanls w~ih ~h~ mortga~ee that ff~e morlgagor is inc~ef easi~~y seizec~ oJ sai~
~und in ~Pe sirnp~e: fhat Ihe mortgagor ~ias goocr right and ~awJu~ auf~~ority to convey said ~and ns af ore-
snid: that ttie morl~agor will md~e suc{~ /urther assurances to perfect Ilie Jee simp~e lif~e to said lancl in tl~e
mortflagee as may reasona~~ly E,e ~eq~iired; lhat the morfgagur hp.pby ~u~~y warranls the lif~e to sai~ ~ancr
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ancl clenr o/•a~~ encum6-ances ^
.
rouuled ~tways~ that i( said mortgngor shall pay unto said mortgagee the certain promis-
sory nole he~einaJter su6stantiaUy copied or, identi~ied, fo-u~it:
~~~9s_nn ~Llort~a~e IVote
0 o Miami, Florida March 6 ~jg~~
FOR VALUE RECEII~D the undersizr_ed nr~micoc r., ,,,., «,. ..... ___.__ _
~ • ~~ ------ -~ r~~ ~.~ ~uc vL:iCL UL:
-.Iack H. P.e^hestPr and Patricia W kocr~ester his wife
t;:e pri.^.cipal sum of EiQht thousand two hundred ninety=five and No/100----------- T
'--Jollars.
Such principal sum payable as follows:
Iv r^ULL OI3 OR BEFQRE September 6 198 2
The makers and endorsers of this note further agree to waive demand, notice of
:~onpayment and protest, and in the event suit shall be brought for the collection hereof, or
t~:e same has to be collected upon demand of an attorney, to pay reasonable ~ttor~ey's fees €or
.-a~cic~g such collection. This note is secured by a awrtgage of even date herewith and is to
~~ construed and enforced according to the laws of the State of Florida; upon~default in the
aay~ent of principal •ahen due, the ahole su~ of pri.ncipal remainiag unpaid shall, at the op-
~~on of the holders, become immediately due and payable. Failure to exercise this option sha:l
::ot constitute a aaiver of the rigat to exercise the same in the event of subsequent default.
?~'_'~BLE :~T:
ay:
GENERAL DEVELOP.'~NT CORP0~ITIOY
4 ~ .~.~
+18 Flotilla Rd., No. Palm Beach, FL 33403
(Corporate Seal)
nCtOaC:
Sr.- V};~e Pr„esi nt
s is tant ~Ye re tary
~
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