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HomeMy WebLinkAbout2039 ~ l~II~~ . _ . _ • - : - • - - o~+F _ -T, ~iil~ ~ PROIrt13~ORY NOTR ' ~ ~ 000.00 ~Pia~e~ Fort Pierce Fiorida ~ ~ (Date~ 198~ ~ Foe ralu~ received. tbe uadersigaed INDIAN RIVER OIL CO~PA , a Ftorida corpora-~ ; ~ tion witb sa otiice at Fort Pierce, Fiorida~, aad AOBEI;T C. FEND~R aad bi~ wrife, 3ARAH ~ S. FBNDEli, aad each of them,, ioiati~r sad severaily, promi.e to pay to PHILI.IPS~ PIfTAO- LISU~[ COMPANY, a Delawar~ corporatioa witU ao ofiice at Sartiesville.0lclaLoaaa. or order, the aum ot T~reat~-Four Tbowaad Dollaro (=a4, 000. 00~, with iaterest at tbe rate of oi~c per , ceot (6~ per aaaum oa the declinia~ ba?laace, ia iaatatloaeate aa foilow~: Ia 60 equal consecu- tive moathi~r taetalimeato oi =483. 89 each, whicb iastatimeat~ ~iociude pri ipsl aad iaterest at ; tbe rate oi a'Xi; the fir~t such inatalimeat to be paid oa the let day of • ~ . , 1964,' , •ucce~oive iostaiimeate to be paid oa the lat day of each mo~th thereaf er, and the .laat ioetail-~. meat to be paid on tbe lst da~? oi ~E~~„+,,e,,~ , 1969. Eaeh paymeat ehalt be credited ~ i itrot oa the iatereet aad the balaace oa tbe priacipal of thia aote. If aqy ioetatimeat it aot pai~ j promptl~ whea due, the ainouat thereoi ~rhich is ioterest ehait be added to aad become priaci- pai aod abatl thereatter bear iateceot at the o4me rate a~ priacipat. Ail iaetatimeat• of prin- ~ cipal aad iatereet becomi~g due oa thi. note ehall be paid to Phillipa Petroleu~ Compa~y at t ite above-ouaed ottice or at euch other place ao the hoider of thio note aaay deeigaate in ~ ~ ; wriNag irom time to time. c - - ; If ~r inetaiimeat of this note ie not paid withia 10 d~?y~ of the time, aad at place epecitied hereio. or if Maker (uaed hereia to reter Lo each of the under~i~aed ~adividuaily a~ weil aa ~ ~ joiatiy if more th4n onel tiecoane~ iooolveat, os if a petitioa al~li be filed iA baakruptcy by { or aaainet ~[aicer, or it ~[a?ker ezecutes an uai~atnent for tbe beaeiit oi creditoro. or ii aa~ cliange takea place i4 the ownerehip or cootrol of the busineaa oi Maker, or ii Malcer (vrheo ~ a corporatioa~ undertaJces a reor~anisatioe or merge• ~rith another compa~y, or upoa ~riolation ' oi aoy ot the terma and coaditiono of the ~ecuMty docuoQento executed i~ connectioo with this ' note, then and ia say of theoe eveato the eatire amouot remsiaiog uapaid on thie aote •hall forth~rith become due 4ad payable at the electioa oi the hoider of thte note vrithout a~y aoti~e ~rhataoever. , ; j The hoider oi thie aote ohail Lnve a liea upon and the right to withhold or ~?pply at any ' ~ time it~ owa indebtedaea• or litbility to Maker ae aecurity tor or pay~neat ot 4ay liability ' due or becoani og dae to the halder irom ~alcer. • The ~er, eador~ero; aurettea, ~uaraators, aad asoi~uora oi this aote oeveraily waive dea?aad, preaentmeut ior paymeat, protest, aotice oi proteat aad Aoa~w~ymeat aad cooseat that aiter =naturity, tl~e titue oi pay:neat ot this note, or aay ia~ta11me4t hereunder. may be e~cteuded irom tiane to ti:ne or tha note reae~red irow tiaie to tiaae by agreeweat betwreea the ' hoider aod any one or more ot them vvithout aotice to, ~ or kaow?ted~e or conseat oi, aay of the other~ oi them, 411 writhout in any war relievin~ any party of ~ liability. The lrtaker wd en- doreer~ oi thi~ uote hereb~ espreeoly waive sll ri~te to claim esemptioa ailowed by the coaetitution and taws of aay state. - , The scceptance os any iaetailmeat by the holder bereoi a~ter the tipie the iastalimeat , become~ dae ~hall oot be held to e~tablieb a custom or waive any right• oi the holdcr to en- torce prompt paymeat ot aoy further inetattmeat ar to seek aay other recouree it may l~ve hereunder. ~ Tbia uote iaay be prepaid in whole or in part at aay time without peuaity. Any prepay- ` ~sent ~hsli be appiied toward tbe tben aezt ensuing toatailanento. i ; It •uit i~ ioetituted to coltect thi~ aote or any portioa thereoi, i[aker pcomi~ea to pay F all coat~ aad e:peweo of such proceedia~, iocludin~ reaaonable sttoraey'~ tee~ aa allowed ~ b? th0 COart. . ~ ~ Thi~ aot~ i~ oecured by a Chattel ~tort~?Qe of evea date coverin~ automotive 4ad other E ` t~pe~ o~ equipmen~ : r . ` ~~~ceeuted in the pre~eace of: INDIAN R OIL CO~[PANY 4 ~ ° ~ ~ By - ~ ~ C~ s- . , r ; Witnesa. - ce~tdent ~ ' ATTEST: ~ ; ' 4 Witoe~~ ~ ~~s a.!_ ~ y ~ 1[ tt . _ ' ` ~ ' SeCtO~i!'~? 3. ~ • - ~ y V - F ~ . ~ i~, Wit~N rt C, ender, aa inairiduai ~ ; ~ ~ ~ lt~~c.~_ (/J,~,__~.~s~d~.t,i tSEAI.) ~ Witne~a Sarah E. P`eader ~ • ~ ~ - _ .