HomeMy WebLinkAbout1184 ~ ~ . . ' ~ ~ ~
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Pl~0YI880RY NOTE
~140, 000.00 ~i¢,~/
~~!~D , 1867 ~
- FOA VALUS RSCSIVSD, the undereigned hereby promiaee to ~
pay to the order oi GBY FRUI~ CORP., at 1225 Spring Lake Drive, (
Orl~ndo, Florida, or at euch other place as the holder ~nay direct f
i~ writing, the princi~al eus o! One 8undred Forty Thoueand Dollare '
(~140,000.00) in lawful soney of the United Statee o! Americs, in ~
principal inatallsente ae herein~~ter provided, and to pay interest . ;
on tbe unpaid principal aaount in like aoney, at eaid olfice, iroa
the date hereof, at the rate of sia percent (6`~) per annua, in ad-
vance, on the snniversary date o~ thie note esch year, beginning in ~
1968. Intereet for the liret year hs~s been paid in advance at tbe ,
ti~se o~ delivery o! tbie note. ~
The principal o~ thie note ehall be paid in iive (5) equal
annual inr~tall~ente. $ach such inetall~ent eh~ll-be payable consec-
utively on the annivereary date of this note, begin~i~g in 1973. All
~ unp~id eums.shall be due not later than _ M~y ~ - , 19??. - ~
..The saker ehall have the privilege of prepaying all or aay
-~part of the within note without payaent of presiu~ but upon the pay- ~
,ent of accrued intereet to the date of euch.pay.ent, and any prepay- `
~ aent of principal ehall ~pply to the neut ~at~uring principal inetall-
~aent . ~
~ Should ~aker detault in any o~ the psyments to be ~ade here-
under, then the iull unpaid balance, et the option of holder, ehall
accelerate and at once becrnse due and payable.
3hould thia note be referred to an sttorney-at-law for col-
lection, the undersigned agreee to pay, in addition to the principal
and interest and all coste of collection, an attorneye• fee of ten .
; perceat (10~) of tbe balance due.
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~ Notice-, protest and notice of protest are waived. -
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This is s purchase money note secured by a purcbase maney
mortgage on real estate in 3t. Lucie County, Florida. ;
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The obligations of the undersigned hereunder are sub~ect '
to the agreement of payee to cause en outetanding ~ortgage held by ~
Center I.ake Corporation to be satiefied or released lroa the total ~
~ o! the sub~ect property, upon the payment by the undersigned o! s~ ;
total o~ Forty-Five:Thoueand Do11~re (~45,000.00) on account oi the
principal hereunder. _ : ~ ~ ~ ;
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~~/Q ~p ~ ~ a+o~ ~ . YABBL CORPORATION , i
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~ ~ ~ By : .l
s~-P~ I`~ t,+~r~.~PE ~ ~
: ~
. - ~ , As d Re°s'iottr.~vr ~ ~
AT!'88T : ; ~ • " - _ ~ . ~
.S: :
. . ' (Corporat~ Sesl)
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~ ~ ~ = ~ ~~166 ~~~.183 .
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