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N O T E
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$i50,.D00.00 ~ Fort Lauderdale, Floriaa
Juae, 29 , 19~0
r0~ VAI.UE RECEIVED, the undersigned promises to pay to the arder of EI.TG~
:::LTZER, RALPH DeCOVENY and BENJAMIN S. KALNICK, as Trustees, the princi-
:~al sw~u ot ONE HUNDRED FIF2Y 'rHOUSAND DOLLARS ($15Q,000.003 t~gether with
ir~terest on the unpaid principal balance from June 8, 2970 at t3ie rate of
S~VLn PER GENT (7~) per year, payable as follows: ,
On June 8., 19~1, t.'~e sum of $25,000.00 together with
accrued interest at the rate herein set forth;
On June~ 8, 1972, the s~? of $25, 000.00 -together with
accrued interest at tbe rate herein set forth; -
On June 8, 1973, the su~ of $25,000.00 toqether with
accrued interest at the rate herein set forth;
On June 8, 1974, the suna of 525,000.00 together with
accrued interest at the rate herefn set forth;
. Un June 8, 1975, the su~ of $25,000.00 toqether with
accrued interest at the rate iierei~ get forth; aad
On Jurie 8, 1976, the sum of $25,000.00 together witb
accrued interest at tbe rate herein set forth.
~~1 palments of prfacipal and interest are to be made at: _
i ~'.:ia obligation may be~paid in whole or in part at any time wfthout penalt
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c,r ~re~ii:m.
~•.~is note shall be ia default if not paid within thirty ~30) days from due
u~te; and thereafter interest shall be paid at the rate of TEN PER CENT
:1 ~ ~ ) per annum. ~
de:ault be made on t~t~e payaaent of any in$tallment of principal or fnter-
cst or in the performance of any of the terms, covenants, or conditions of
that certain real estate mortgage of even date herewith given to secure the
~.ay:nent hereof, then at the option of the holder hereof, ~the entire princi-
;ai sura remaining unpaid, togetl-~er witb accrued interest, shall become iss-
. ::.~.:3fately due and payable without notice. Upon default hereunder all persor.a
:.:.a~2e Y.areos~, jointly and severally, praraise to pay a31 costs of collection,
~r.ciuainq reasonabla attorney' a fees.
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?~csontaaent !or payment, demand, notice of dishonor, protsst aA0 notice of
:rotast are hereby waivad by the ma~cer hereof.
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