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Pro~-ided Alwa~s, that if said .11~rt~a~nr, its sr~ecessors, le~al represen.trx- ,
t~ves or assi.~ns shall pa~ unto the said ~~fortda~ee , his heirs, le~al '
repre,seri-tatii±e,s or assisris, the certai.n pronti:ssory note , of which the follozvi~~g i
in u~ords arid f~~ures is a tru-e cop y , to wit: !
~
PROMI S SO~Y btOTE
~250,0OO.OQ Fort Pierce, Florida, Septambe= 1, 1965
For value rec+eivec9, RU-M1lR, I1~C., a Florida corporatiora, pr~+misea to pay,
in lawful nwn~y of the tfiited Stater of ~?merica, to the order ot ~QBI~RT L.
GRIPFII~ at 136 l~osth 15tb St~ceet, lrort Pi~erce, llorida, ar at such other place
as the hold~r hereof ~ty fram tirne ~o tims 0~aignat~, the princigal •um of
Two Sundred Fifty Thou:aAd Dollars ~$250,d00.00), taqether Mrith in~.~rest upQn
the amount thereof rsmaining unpa?id fsom time to tin~ at the rata of tiv~ and
one-balf pcr cent (5 1/2%) per annuan fsom the date hereof until fully pai~l,
said intere~t payable s~unually. And it i~ heereby agrved that th~ ~aie~ priACi-
pal sum sha~l b~ pai~ in fifteen (15) equal annu~al inat~lln~nt~ a?f Sixteen
7Chou~~rnci ~ix Hundred Sixty-Six and 67/100 D~llars ($16,666.67) +~ach, beginning
on the l~t day of B~pt~mb~s, 1~68, and continuinq on th~ lst day c~f Septe~er
of each year thereafter until the wfi~ole amount of aaid principal sum is fu11y
p~id.
Z'his note and the ir~elebt~drie~s ~vid~nced thereby ia s~eur~d~ by a purchase
money ~artgage of ~ven dat~ here~rYth on cezta#,n lands lying and being in S~.
Lucie County, lloricla.
If def~eult ie rnsd~ in any of the covfnants ane~ agr~~~nts c~f tl~e purchase
mo~ey ~rtgag: securing thi~e note anci the indebt~d~ess ~rvid~enced thereby e~x~ in
the ~ayment 'of any of said installm~enta or the inter~at afar..aia at th~ ~imes
and in ths ~anner ~fo=esaidl and suc2~ default rhell continu~ for a petiod ot
fifteen (15) days (time b~ing of the easencsj, th~n, at the c9pti~an of the holder
hereof, the sntire an~unt of said prineipal run~a tt~en remaining ux~si~, toq~ther
with all in~erent t2~en accrue~t and ranp+~?id thereon, +~hall intiraediats~Iy b~~omw 8nd
be due a~d payable and coilectibl• without pres~ntment ~vr payu~at, d~aa~d for
payment, or t~otice of non-paym~nt. she msker of this note he=eby ~?iwr a].1
defenser on the ground of any •~rtension of time far tY,e gay~aent thereof Which
may h~reafter be given by the hol~~~t heteof.
1~ned :f this nvtt shail become in d~fault and mha11 be placed in the ~andr
of an mttazr~ey for collection, the u~dersigned corporation ~grtrs to pr~y te the
holrler hereof :11 costs and axgsnses, incladinq t rea~anarble eum as attosney' a
fees, for the collection heseof.
I~ 1PIT~888 ~RB~, the~ said cor,posa~ion has caused this not~ to ba execu--
, ted by its otficers thereunto ~ul~r authoris~d and dir~ct~d by a S~~olution of
its Hoard of Dir•ctors ~uly pas,~~ed ar~d adopt~d by a ma jority of eraid Doar~ at
a mset~a~g thereaf duly c~lled, ~oticed aud hold.
RU-~d~lR, Ibi~C . ,
a ~Jlotida corpora?tion `L. S. )
t~ st s I~~a~r~~~ .S~l~~ BY i~._._...._ Cix'
6e~retary ~zesident
COC'~i;-'~TtRY ~ir,~,1PS ,t~;l:'~ED TO K { ,
pRl~!P+hl NOTE Ar~a C~i~~::E! lED ~UnR (COR?0ltATE g~JlL)