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Home My WebLink About2754 . ' , " , ' . • • . ~.r . . . , . . . . . . . . . , • . ~ ~ : . . ' . . ~ . • . , . , • . ~ . : , : - . _ ' . , . : ~ • . : j ~ . . : . . . . . . , . . • . . • . , . , . , • ; , • , . • . ~ . . • , , • : . , . ~ ' . ' ~ NOTE ~ ' ~ . • . ~ . . . . ~ ~ . . ~ ~ ~ • $188,000.00 ~ ~ ' ~ ~ . . ' Knoxville, Tennesaee . ~ ~ ~ . , . ~ . , . OctoDer l~, , 1967 . , . ~ • ~ . ~ . , . ~ . _ ' FOR VALUE R~CEIVED, we, the underaigned~, promise to pay , to the order oP DALE A. T~AGUE, Blount Profeesional Building, Knoxville Tennessee the eum of`One Hundred $ighty-Eight Thousand : Dollars (~188,000.00~, without interest, at or bePore thirty-six ~ - (36) monthe from date, as follows: ~ . . , • , ~ ~ This Note shall be due and p able in ~installments in ~ . accordance.with either subparagraphs (a~ or (b) hereinaYter de- : scribed, so that there will be not lesa than the eum of Ten Thou- eand Dollars ($10,000.00) due and payable each c~uarter: . ~ . - . - . ~ - _ ~ . (a} The sum of $600.00~ out of the pro- , , ' ceeda of each and every sale or contract of ~ sale hereafter made oP each and every lot sold ~ ' : . ` in the Recreatio~al JCampsite Subdivifsion as ' • . . - ' shown and described on the plat entitled Holiday ' ; ~ ~ ~ Out in America at St. Lucie; Inc. dated August ~ • • .:•31s ~95?, said plat being of record in Official . ~ ~ ~ ' ~ Record, Book 167, Page 2235, Public Recoirds of . - - ~ ~ t~ St. Lucie: County,~ Florida, br ~ _ (b) The sum of $1O,00D.00 each three (3~ : months hereafter comm¦r?encing on February 15, 1 8, , ~ with successive quarterly p~yments in such~amount - ; . . _ ; _._~._.each third month thereafter, it being understood : ~ that any payments made under subparagraph (a) ~ ~ . above are to be credited on said quarterly- ~ • ' in$tallatents of $10;000.00•each. - ~ " If~not sooner paid the ent3re balance shall be due_and' payable thirty-six (36) months from date: ' 4"he maker agrees to proi~tly account each month for all . : lot sales agreed`or consummated by it during the month, such ac- 4, count being n~de to the-payee at his Knoxville, Tennessee, office no later tha~n the fifth (5th). day oP; the following month. ~ ~ . If ar~y sum oF money herein referred to be not promptly paid within five (5) days next after the same becomes due or . should the malcer fail to make such account for lot sales and agree ments Kithin the specified time and fail to pay over the stated • ~ sum together witri such account, at the option of the payee or his' assign the entire balance theri remaining unpaid shall forthwith • ~ _ become due and payable, and should this Note be placed in the . ~ . hands of an attorney Yor collection, the me~lcer agrees to pay all • costs of collection, including a reasonable attorney fee. . ' This Note shall be deemed to have been made in Knoxville, ~ . Tennessee, regardless of the order in which the signatures of the ~ maker or any endorser shall be afYixed hereto, and it is further ' - agreed that all actions or proceedings arising dlrectly or in- directly upon.this Note shall be based upon and sub~ect to the ~ law of Tennessee and may be litigated in courts having a situs ' within the State of Tennessee and the maker and any endorser here-. ~ . of hereby consent to the ~urisdiction of any local, etate or . federal~court located within the State of Tennesaee. ~ . ~ . ~ ~ i • , . . . . . , . . . ~ . ~ ~ ~ - • , _ ~ . s ~ B~K~.69 P~~1695 ~ . . _ . . ~0~17'6 ~275i ~ - ~ n, ~ . _ ~