HomeMy WebLinkAbout0098 . .
PRUMISSORY NOTE
$37,500.00 _ F__
ort Pie;•ce, , Florida
. ' _ rLV 2s, , 1970
FOR VALUE RECEIVED, the undersigned~, jointly and~severally,
promise to pay to the order of SPENCER B. GILBERT, at First National
Bank, Fort Pierce, Florida, the principal sum of THIRTY SEVEN ,
THOUSAND FIVE HUNDRED AND NO/100 DOLLARS ($37,500.00), with interest {
at the .rate of seven per cent ~770~ per annum from dfl*-~ until ~
paid in installments as follaws:
Payment No, DA_ PRINCIPAL
2 November lst , 1970 $2,000.00_ plus earned interest on
the remaining unpa~d
. ~ principal-balance
2 February ~S= , 1971. 3,227.27 plus accrued interest on
- . remaining unpaid princi-
pal balance
3 May ~ lst , 1971 3,227.27 " " "
4 August ~st , 1971 3,227.27 " " " •
5 - November ~i, 1971 3,227.27 " "
6 February ~st , 1972 3,227.27 " " " ~
7 May 1972 3,227.27 " " _ "
8. August ~ ls~, , 1972 3,227.27 " " "
9 November lst~ , 1972 3,227.27 " " .
10 February tst. , 1973 3,227.27 " "
~ 11 May lst , 1973 3,227.27 " "
12 August , 1973 ~3,227.27 " " "
If any installment be not promptly paid within ten (10) days
next after the same becomes due, then,~at the-c>ption of the holder
hereof, the full amount remaining due upon this note shall thereupon ;
~ become due and payable at once, together with all other indebtedness
~ , stipulated in this note and in the mortgage given to secure the same.
' The maker and endorser agrees to pay all costs of collection.,
including a reasonable attorney's fee in case the principal of tljis
note or any payment on the principal or any interest thereon is n~t
paid at the respective maturity thereof, or in case it becomes
necessary to protect the security hereof, whether suit be brought
. or not. -
o~ c oo . .
G G
This note and deferred interest payments shall bear interest at
u ~ W the rate of seven per cent (770) per annum from maturity until paid.
~ u o
All or any part of this note may be prepaid at any time ~rithout
penalty or premium, after January 1, 1971.
~ 3 C w
a„ This note is secured by a Purchase Money Mortgage of even date
°c° m herecvith and is to be construed and enforced according to th~ la~as
~ M+ ~ of ~the State of Florida. ~
~ ~ o
p a ~ MILLHESS INC.
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F T'~EST : gy . ~
~`t - President
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~ ; . ~-~==~t - - s
ou~~ ~ ;
; ~ Secretary fln ~ i
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(SEAL) ~