HomeMy WebLinkAbout2651-3-
certain promissory note, of which the following in words
and figures is a true copy to-wit:
$9?,000.00
PROMISSORY NOTB
•:
's
Naples, Maine, ~~
day of August ,
1969.
FOR VALUE RECEIVED, the undersigned PROMISES TO PAY to the order
of Dewey Wilcox and Mollie M. Wilcox, his wife, Ninety-Seven Thousand
Dollars ($97,000.00) at 2401 Tamarind Drive, Fort Pierce, Florida, or
such other place as the Holder there of may designate in writing to-
gether with interest from June 2, 1969, at the rate of six percent (696)
per annum on the unpaid balance until maturity. The said principal
and interest shall be due and payable as follows: interest only to be
paid during the first ye ar , due twelve (12) months from June 2, 1969.
Seven Thousand Dollars ($7,000.00) plus interest to~be paid'twenty-
four (24) months from June 2, 1969, as follows: Principal--Seven
Thousand Dollars ($7,000.00), interest, (Ninety-Seven Thousand Dollars
($97,000.00) at six percent (696)--Pive Thousand Eight Hundred Twenty
Dollars ($5,820.00) for a total pa ent of Twelve Thousand Eight
Hundred Twenty Dollars ($12,820.00). The balance of Ninety Thousand
Dollars ($90,000.00) to be paid at the rate of Ten Thousand Dollars
($10,000.00) per year plus interest at the rate of six percent (696)
of the unpaid balance. The first such payment due the following June 2,
unti 1 maturity.
The Maker of this note may pay any or all of the remaining pay-
ments at any time together with interest at the rate of six percent (696)
per annum on the unpaid balance.
The Maker and Endorsers of this note further agree to waive demand,
not is a of non-payment, and protest ; and in case suit shall be brought ,
for the collection hereof, or the same has to be collected upon demand
of an attorney, to pay reasonable attorneys' fees for making such
collection.
If any of said sums of movep herein referred to be not promptly
and fully paid within thirty (30) days next after the same severally
become due and payable, or if each and every the stipulations, agree-~
meets, conditions and covenants of said promissory note and this deed,
or either, are not fully performed, complied with and abided by, the
said aggregate sum mentioned in said promissory note shall become due
and payable forthwith or thereafter at the option of the Mortgagees,
their, heirs, legal representatives or assigns, as fully and completely,
as if the said aggregate sum of Ninety-Seven Thousand Dollars ($97,000.00)
were originally stipulated to be paid on such day.
WITNESS our'--hands and seal this day and year first above written.
(CORPORATE SEAL)
ATTEST
/s/ B. G. Jones, III
_ B. G. Jones, III, Secretary
CITRUS RIVER COLONY, INC.
CITRUS 8IVE8 COLONY, INC.
/s/ J. 8. Shields
J. R. Shields, resident
CITRUS RIVER tAI.ONY, INC.
FL08IDA DOCUMENTARY STAMPS IN SUM OF
X145.50 AFFIXED TO 08IGINAL NOTE
AND CANCELI;ID.
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