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"PRiO~l1I880RY li~'1'B . :
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~ 3~ lrort Pierce, !'lorida, i~is~cch 1 64. s
~ ~ . ~br value received, ~iD=1~I RiVER l~l2~iER7~L8, i~iC:. a !
. Florida cti ~ ratioA, praoises to pay ~+it2~out defalFation, to t~e ~
~ order o~ 1C.,SCAOB~iITS, at 10281 East Hay Sarbor ~ive, i
` . Miamf B~li , Florida, tlis sus of T'birty-l~ive Thouea~nd ~d l~io/100 ~
- Dcllars~ V95,000.00), ~ritb intereet fros date at t~e rate of six ;
; (6%) pe "_e~t per annvva, payabla annually at the time tt~e princi- ~
. al ann~al ents are ~~aade as bereinafter r~vided.. +
P PaY~? P
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~ F , The principal swa og this prowisaory note is payable `
in seve~ (7) equal annual inetall~aenta as follaws:
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~ ~ $5, 000. 00 on the 15tb day of lyarch, 1965, arcl
~ $5, 000. 00 oA tbe 15th day of l~aucch of eacb ~ year
~ . tberea~ter until t2~e prineipal sum shall have
` ; been pai8 in fuli. _ _ -
• ~ In the event that the maker hereof defaults in.tbe pay
~aent of any iastalLaent ae hereia provided, or the accrued inter-
est h• herein provided, the ~1$ amount of this aote remaiainq
• unpaid a~all then and tl~ere becaae .due at tbe election of tbe
, l~older bereof. The maker of this note eeverally waives present-
, ment for payment, protest an$ n~tice.of protest, and non-payment
of thie note, and all defenses on tbe ground of any exteneion of
timii~l.;for the payment thereof, ~hicb a~ay hereafter be qiven by the ;
holde~c hereof to it. The malcer heraof aqrees to p~y all costs
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of collection, includinq a reasonable attorney'e fee in the event
~ of any default hereunder. The maker ehall have the riqht to pre-
. pay thfs note, toqether with accrued intereet, to the extent of
thirty (309d) per cent of the total purcl~see price,; or tt~e sum of
~w~elve R~ousand And ~To/I00 Dollars ($12,000.00) in any single
year; provided, bo~w~ev_er, tltie maker sball have t~e riqbt to pre-
: pay in any einqle year the entire u~aid amount of the principal
aum, togetl~er witli accrued interest.
~ i~1DI141~ RIVBR MIP$t ALS, I~1C. ,
a Florida corporation.
. (CORPOR~TS SBaL)
= , . By: _/e/ C~RL P., iiILD t
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Title: President
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- . ~K1~t~T1i1RY ST~IMPB AFFIXSD ~ . ~
~ - TO ORIt3I~UlL 1~0'TS AIiID Atteet:_ /s~ R~Yl~IO1~D B. FORD
• C~I~iCSI.LSD •
- ~ ~ Title: ~ Secretarv" j
~ ~ and sball perform, ce~ply vith aAd abide by each and every the
y stipulations, agreeaents, conditiona-and covenants of aaid
praai~oory Aote and of t?~is daed,-_ ttan thia deed aAd the e~tate
e hereby created ahall cease and be null and void.
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