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Home My WebLink About2850 300 000. 00 Flor~do, . ' ~ - ~ _ - - - - - 19Z_ . F - - t For volue received the undersigned joiMly ond severally promisc to pay to the ordcr of_ W~TER _E, _ HELL~~ ` a Florida ,cor. Or t' on, , fh~ ~ C O.~ P A N Y_ O F F L O R I D A~/_______ o t i t s p n~ i c i p a~ o f~ i c e 9 0 0 N W- 5 9 t h-- S t. M i a m i, - F l a. Three Hundred Thousand 300,000.00---------------- ~ principal sum of - Dollars (a - - - - together with interest from date hereof on unpaid principol ot the rote of 1~30_ Of~pere nt (.1/30th _-Ot-- 1-- per`_Slay- until maturity. The principol and interest due he~eunder is poyable on the dates ond in the amounis specified below, to-wit: ~ Interest is due and payable monthly, commencing on the first day of May, 1970, and the first day of each month thereafter. , t The ~ntire principal sum, together with accrued interest is due ~ and payable eighteen (18) months from the date hereof. ~ Maker shall have the right to prepay the note in full, without penalty, at•any time after Payee"has earned interest and service ~ charges in the sum of not less than forty-five thousand ($45,000.00) ~ dollars. ~ft~~sF This note is subject to the terms and conditions of a loan agreement f even date between Maker and Payee. , - k-f ~ . y ~ ~ . I;;? }iiXbfi~lfi2~4X~~MiXt'}~~dDC~?~'Xe?t}~{~X~}QpC+X~XX~ ~ ?4X~~7L ~`~~~~~'~X'~E~X~~~F~~~`:~~~~~~~ ' j Interest t?ereunder shall De charged only on the sums advanced [rom the date of adrancc to the date of repayment and lnterest (rom thc date ot i thls note to thc date of advance ts wai~•ed. Interest derPUnder. it on an annual basis, shall be computed on the basls ot a 360-day year. Tde a?akers, endorscrs, guarantors, sureties and all other partles ltable for the pa~-ment ot any sum or sums due or to become due under lAe Laws Of FZOr1C~1 __and w•aive resentment, rotest and demand. ' 'I tenms o[ thts ~ote vcaive the right o[ exemplton ynder the - P P I notice ot protest, dertwnd and of dishonor and nonpay~nenl of this note, and consent thal the oKncr hereo[ shall have lhe rlghi, Mithoul notiee, to deal in any way at any time Mith an) part~ hercto, or lo gnnt any extension or extensions of time tor payment o[ any of sa2d indebtedness or any I other lndulaences or torbearances whatsoever, or may release any o[ the security tor this note or guanntors of this note without In aay wa~ aRecting the Ilabiltty of any other party tor the payment ot lhis note. ~ I EacA aiaker and endorser [urtAer agrees~ jolntly and sevenlly, to pay all cosls of collection, lncluding a reasonable attorney's fee in case the ; principal of thls note or any payment on the principal or a~y interest thereon ts not paid at the respect[ve maturlly thereof, or in case it becomes nec- 8 essary to prolecl the aecurity hereo[. whether suit be Drought or not. ~ ~ ?he prtnctpal, or any Installment o[ princlpal, unless paid when due shall bear interest atter maturity at the rate oE 1/24.5 0[ I x p~r dap and any ~ i interest payment untess paid when due, shall bear interest at l6e rate of 1; 2~.5 of 1 ~ per day. ~ ~ This aote Ls secured by any and all collateral presently and herea[ler held b~ the payee trom the maker and g[ven oragrced to bc g(ven to the ~ payce by tde maker, plus any and all collateral presently or hereaflcr hetd b~ the payee gia•en or agreed to De given by any third party or parties for ~ the beacRt ot the maker hereof. This note is to be construed and entorced aeeording to the laws o[ the-S~dt.@-Of -E~.Or~G~c~- - Upon default In the prinetpal and/or [nterest due hereunder or on any- notcs held by the payee hcreunder and given by the maker hereof, alt ~ payments due hcreu~der and on all other notes deld by payee and gh•en by maken c~reof and remaining unpaid, shall forthwith bccome due and ' payaDle notwithstanding thNr tenor. ~ ~ It the payments due hereunder are In monthly installments whtch tnclude principal and interest, then, in the e~~ent ot a de[ault ot any tnstall- _ ment vrhen due resulling in the acceleration o[ all unpaid inslallments, It Is agreed betNCen the maker and the pa~•ee, or its/hts assisns. that lhere shall 2 then be due onlq the princlpal sum adranced amounting to nOt applieable------~ together Kilh interest trom lhe date of such ' adraace eomputed at the rate ot 1/24.5 0[ 1~',. per day on the unpaid principal batance, afler allow~ing credit for such installments that w-ere yaid prior i to such default. = Upon the occurrence as to any maker, endorser or guaranlor of any o[ the [ollowing events: making o[ any misrepresentation to the payee [or : the purpose ot oDtaining credit or an eztension oi credit; volunlary or involunlary application for, or appoinlment of, a recel~~er, filing o( a v~oluntary ~ petition under any of the Bankruptcy laws or amendment thereto; issuance ot a warnnt of atlachment or tor distress or dtstraint, or ot a notice ~ of tax lien; entry of a judgment against any of them or against the property ot any of them; failure lo pay, r•ithhold, collcct or rcmit any lax or tax defielency when assessed or due; suspension or ltquidation o[ usual buslness: failurc, atter demand, to [urnish financial informalion or to Permit x inspcclion of any Sooks or ~ecords• de(ault in the payment or pertormance o[ lhis note or any obligation to, or acquired in any manner by pa>ee or its ~ assigns, this note and all othcr obligations, direct or contingent, and reRardless ot how•ever or w•hene~~er created, of such maker or endorser hrreof ~ to payec shall become due and pa~~able immediatel~ at the oplion of the payee or its assigns w•ilhout demand or notice. Each maker and endorser, in any litigalion (w•hether or not arising oul of or relating to lhis note or such other obligationsl in ~chich payee and any of them shall be ad~-erse parties, ; w•ai~es trial by jury and the ~ieht to Interpose any detense, set off or eounterclaim o[ ~ny nature or descr[ption. ~ WIND ILL VILLAGE BY THE SEA INC. ~ B s yo,~~y /~Oc i , resi ent ~ ~ - ~ A,-tP~t- ~~MC3 ~ro~,r ~LS~ ~ ~ ' , Secretary ~ fjM E ~.~YDE ~qS s t. ~ ~ a ~ :3 . ~ ~ - 25~~ - 12.67 ~ . - j ' ~ ~ . ~ ~ ' ' ~ ~ . • ~ gooK183 PA~~2847 = ~ ~ ~ _ ¢ . . ~ . : ~ ` , _ ~ ~ - . . r . . :