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INSTALLMENT PROMISSORY_NOTE ;
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~i~0,0~0.00 May , 1965 Melbourr.e, Fla. i
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F~r value received, the undersigned, jointly and severally ~
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~romise to pay ~o the order ot THE INDUSTRIAL DEVELOPMENT !
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:,ORP012ATION OF FLORIDA the principal sum of ONE HUNDRED NINETY i
PHOUSRWD DOLIrARS ($190, 000. 00) together with interest thereon '
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:rom date at the rate of eight and on~ quarter per cent (84%) '
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anr.um, said principal sum and interest to be payable and '
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~o be paid in installments on the dates and in the amQUnts as ~
tollows, namely: ~
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The ~um af 1, 891. O1 on the I~~~~ da of June , 1965, ~
and a like sum of $1,891.01 on the / 3,,! day of each ~
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and ~very consecutive month the~ea:Eter until. 3 total ~
of 60 such monti~iy installments have been paid; then j
the sum of $3,065.00 each cansecutive month th~re - '
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after until a~otal oF 60 such monthly installments ;
nave been paid and this note is paid in full. Each ;
such monthly installment shall be applied first ~o ~
interest accrued to th~ date of maturity of said '
installm~nts, and the balance, if any, to principal. ~
This note is priQr to maturity without penalty;
provided, however, that every partial prepaym~nt ,
shall apply on the installments of said nflte in ~
inverse order of maturity. ~
Documentary stamps in t?~e amount of $285.00 have been ~
affixed to original note and cancelled.
~ The ~oregoing payments shall be paid to the jNDUSTRZAL 1
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DEVELOPMENT CORP~ORP,TIDN OF FLORIDA at i~ts of £ice in Orlando, ~
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~ Flozida. {
Each anaker and endorser waives the right of exempt~on ~
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under the Canstitution and Laws of Florida and each maker and ~
endorser wa.ives demand, protest and notice o£ maturity, non- ,
payrr~ent or pro~est and a1:i requirements necessary t~ hold them ;
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~~abie as makers and end~.~sers.
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YiNTLiY. MILLiR, •INO[R. GA11N. CN~LL6 ~ LlL1W171R'Th • rOll( I[D[RAI. tAViMOY i l.OAM /~U~tD~hO • 1lKLL+~MD, rLOP10?
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