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Home My WebLink About2572 ~ . _ _ I . ~fl'QtG'D~~~'~~ r1~~+0~'~~'~, lhaf if sni~l ..{Iortgasor ~hall paJ u~ito tlre sair~ .~Ifort~a~ce t/ec c~•rtai~~ ~~~Y?~ni~,;u~•i~ ~rule, o/'ic•lric/r t/~r f'olloiri?1~ l)1 Ib~ur~ls «~ett ji~i~res isa ti•r~c cupJ, to tc•it: ~ . 4 \ ~ ~ , ~ PRO~iIS: " \OTE :~3`?7, 000.00 (PI.ACE): Fort Pierce, Floria;. ( iogether with interest at) (DATED): December 29, 1967 (ihe rate of 6'~o per annum. ) FOR VALUE RECENED, the undersigned jointly and severally promise to pa~- in 1_~a-- ;ul money of the United States of America, to: ST. LUCIE COU~TTY BA~K, ss Trustee, or o: der, at the banking house of said payee in Fori Pierce, Florida or such other place ~s , : iay he designated hereafter by Payee, the sum of EIGHT Hi7~DRED TVVE\TY-SE~'E~ TIIOUSA~TD DC~LLARS ($827, 000. QO), together ~vith interest thereon at the rate of siti (E~;) uer cenL per annum, said sum to be payable in Thirty-six (36) consecutive quarterl~ pi-~~:- c_ipal installments the first thirty-five (3~) of which shall be T~VEi~TY-THREE THOL:Sa\D DOLL.ARS ($23, 000, 00) each, and a iinal principal installment of TiFE~iTY-T~(~O THOL~S ~\D ($?2, 000.00) DOLLARS, said principal installments to commence on December 29, 1~~oS, and be payable on t'ie same day of each quar#er thereafter until fully paid, together iritl~ in!~rest thereon at the rate of si~c (6%) per cent per annum, ~vhich said interest shall be paid quarterly with the first said interest installment being due three (3) months from the ~ate hereof, The maker hereof to have the right to prepay this indebtedness in full or in part ~vithout penalty, and interest to abate accordingly, at any time after December 31, 1967. IT IS AGREEU that in the event of default continuing for thirty (30) days in the pa_y- ment oi any of the above installments, the holder of this Note is to have the option of accelerating the balance of this indebtedness and the aecrued interest thereon, and there- upon de:nanding the payment in full of same. IN THE EVENT it becomes necessary to enforce ±he collection of this i~ote, ihe maker hereof agrees to pay all costs of such enforcement, including Court costs and a reasonable Attorney's fee. . - AND IT IS AGREED, that each of us whether maker, surety, guarantor or endorsci•, ilereby severally waives all rights of homestead exemption and of presentment, ar,d ~1•~i.res ~31 rights of or for demand of payment, protest, notice of protest and notice of dishonour, and consents that this ~oie or any part hereof may be extended without further notice. THE MAKER hereof may cause this i~ote to be secured by a real propert~' 1TlOt'i53bC ea;.ur.ibering certain lands descrihed in an option agree~ent dated Septzmber 11, I~67, e~ecnted by the liaker hereof and certain stockholders of i~ORTH BE~CH DEL'ELOP :Ii~T CO:tiIPA~IY, as aznended, In the event that the 112aker hereof does hereafter deliver to th~ ~ P~yee a real property Mortgage encumbering said lands which constitutes a valid ar:d s~bsisting first lien upon said property, then and from that time for~vard the ~rlaker l:ereoi r• ~ - s ~o s^all be free of and from any personal liabi2ity or responsibility hereunder, Provided, Q~, no:cever, in the event the payee (or holder) in good faith accepts the delivery of any sLC~i r.=ortgage pursuant to the foregoing and a court ~f competent jurisdiction subsequentl~ o~, determines the same to be invalid, the responsibility of the maker shall be as though r.o :nortgage had been delivered pursuant hereto. p ; O P ~ ~-~iE _ ~ ~ w r• ~ A~ ~ ~ i s/ David B. Putnam (SE~1L) y S 1, 240. 50 State Documentary Stamps DAVID B, PUTNA;~i h o~ affiYed to the original nate artd cancelled, d R , b 8~K 16y ~554 r. ; : . . . _ .