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HomeMy WebLinkAbout0368 $ 30.000.00 N 0 T B _._.._ FOR VALUE RECEIVED, the undersigned promise to SMALL BUSINESS INVESTMENT CO., INC. Hollywood, Florida ~-=~ ~ pay to LINCOLN ,or order, at or such other place as the payee or holder of this note may designate in writing f~••;~m time to time, the principal sum of $30, OOOipptogether with interest thereon as hereinafter stated in month;y installments of $~3~.SO. 1fie first aaonti±ly iriatal>mpnt stall Lc due and payable on the 1st day of ye`saery , 1$1 , and subsequent installments shall be due and payable on the same day of as ch Ord e ,.cxy ~ lerda` :w.-,~,t'. t.`~ after until the principal and interest are fully paid. Larger sums, it"~7i''di'''~ the .~....a l~ L ~- - y paidaiter •iirst year with All payments shall first be applied to the accrued interest and the ~~~alty balance thereof to the principal. Interest shall be caaputed at the rate of 10% per cent per annum on all•unpaid balances. This note shall be considered in default when any payment required to be made hereunder shall not have been made within days follow- ing its due date and shall continue in default until said payment shall have been made. While in default, this note shall bearinotereat at the rate of 10'AGper cent per annum in lieu of the rate hereinbefore specified. If such default shall not be made good within days fQl- lc~~-"g ats due ~'-'e, t::e entire principal sirs and accrued interest a~.all a~ once become sue and payable without notice at the option of the h^ldes of th=s notes ==°-aiiu a ac any time to exercise this option shall not constitute a waiver of the right to exercise the same at any time. All makers and endorsers now or hereafter becoming parties hereto, jointly and severally waive demand,. notice of non-payment and protest, and agree that~if this note becomes in default and is placed in the hands of an attorney for collection, to pay reasonable attorney' a fees and all other coats for making such collection. This note is ac~~:rCu by a mortgage of even date herewith upon r.~al property in Florida and this note is to be construed according to the laws of Florida. Each maker or endorser or any other person, firm or corporation becoming liable under this note hereby consents to any extensions or renewals of tF-iis note or any part thereof without notice and agrees thPt he or it will remain liable under•said note during. any e~ten- sions or renewals until the debt represented hereby is fully paid. ,_ ., ..... _ ~;~ .~ h o ~ ~~ ~ •~ "` ~C~ . ~+. i ~: "` Sri(" Lr~~~ /sLKENNETH L. JACKSON '(SEAL) /s/JENNIE E. JACKSON (SEAL) a~neIDeats„ ooa- diticnu and covenanb o~ laid promM~sF aab~.,. sad of t3~ deed. them thi! deed snd the ~~, hereby crested shall cease and be soil sad void. AND ~ ea~d ~~~~~ for thesise lve s ~~ their _b.h~ le~-i rspre~tatives .and sedtae. hereby - Tenant and syree ~ 1 42~, c1.~sE~,j, aY~, ~tEN Attorneys at Law Hollywood, Fjoacids 3