HomeMy WebLinkAbout0006 . - . ~ . ~.R. 265~ ~~29~
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~ . / Orlando, Florida
$650, 000. 00 . ~p~;.5 .~S July 31, 1967 _
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FOR VALUE RECEIVED, theN~~~gned corporation promises to
pay.to the drder of THS FIRST TIONAL HANK AT ORI~NDO, Orlando,
Florida, a national banking association under the laws of the United
States of America, the'principal. sum of SIX HUNDRED FIFTY THOUSAND ;
DOLLARS ($650,00O.OOy, with interest thereon from date, payable
monthly, at the rate of six per cent (696) per annum,-the principal
of thi~s note payable in instalraents as . follows :
Com~nencing on the lOth day of October, 1967, the sum ot 1
$2,500.00, and the same amount on the same day of each month there- i
after to and including the lOth day_ of December~, 1967, and commencing ;
on the lOth day of Janu~ary, ~1968~, the sum of $4, 600. 00, and the same
amount_on the same day of each raonth thereafter, except that the bal-
ance of principal, if not sooner paid, shall be payable on tbe lOth
day of September, 1979. Interest shall be payable on the unpaid
balance on the same dates as principal payments are made. Z'he total
monthly payments are to be applied first to interest at the rate
aforesaid due monthly upon the principal sum or so much thereof as
shall from time to time remain unpaid, and the balance of-each ~
monthly payment shall be applied on account of ~rincipal. . -
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~1 instalments of interest and principal are payable a~t the
office of the payee in the City of Orlando, Florida, or at such other
place as the holder hereof may designate in writing, in lawful money ~
of the United States of America.- If any of said instalments of {
interest or principal shall not be paid when due, then the entire ~
principal sum and accrued interest shall become due and payable at
once, at the option of the legal_holder of this note. Failure to
exercise this option shall not constitute a waiver of the right to _
exercise the same in the event of any subsequent default.
It is further agreed that each maker and endorser, jointly -
and severally, shall pay all costs-of collection,"including a reason-
able attorney's fee, on failure to pay the principal of this note or
any interest thereon at maturity. This note and all sums due here-
under shall bear i~terest at the rate of ten per cent (1096) per annum
from due~date until paid. T'he total interest payable hereunder shall
not in any one year exceed the highest lawful rate af interest in f
Florida. ~ ' ~
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The makers and endorsers hereof hereby severally waive pre- ~
sentment for payment, protest and notice of protest and_non-payment ~
of this note, and expressly agree, jointly and severally, to remain
and continue bound for the-payment of the principal and interest
` provided for by the terms ~f t?Zis note, notwithstanding any extension
~ or extensions of the time of, or for the payment of said principal or
, interest, or any change or clZanges in the amount or amounts agreed to
be paid under or by virtue of the obligation to pay provided for in
, this note, or any change or changes by way of release or surrender
Q,0 or substitution of any real estate and collateral, or either, held
` as security for this note, and waive all and every-kind of notice of Q;
such extension or extensions, change or~changes, and agree th~t the ,
~ ~ same may be made without the joinder of the undersigned. . Qs
. N
? ~ HtTGHES , INC . - N
(C~J::PORATE SEAI,) ~ ~ - '
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,
' ,
~ ~ ATTEST: ~ By • . r`- ~
~ As its President
~r yi
~ ~ ~ .
, As its Secr tary Q R -
~ . gpQlc 1Up PAGE U
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