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. PROMISSQRY NOTL ~
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$18,750.00 . Au~nst Q? 1970
FOR VALiTE RECEIVED, the undersigned, jointly and severally,
promise to pay to the order of SPENCER B. GILBERT and GEORGE HORO'WITZ,
as Guardians of ALFRED JEFFERY HOROiWITZ, a cainor; at First National
Bank, Fort Pierce, Florida, the principal sum of EIGHTEEN THOUSAND
SEVEN HUNDRED FIFTY aND NO/100 DOLLARS ($18,750.00), with interest
at Che rate of~seven per cent (7~) per annum from daCe until paid ~
in installments as fo~laws:
Payment _ ~ ~
Number Date Due . - Principal
1 l~ecembex 1, 1970 $1,000.00 + accrued interest-on the
.a?- remaining unpaid princi- _
~ . pal balance
2 March 1, 1971 1,513.64 " "
3. June 1, 1971 1,613.64 _ " -
4• September 1, 1971 1,613.64 " "
-5 December .1 , 1971 1,613.64 " " ~
6 ~ M~arch 1, 1972 1,613.64 " "
7 June 1, 1972 1,613.64 " "
8 September 1, 1972 1,613.64 "
9 December-.~~, 1972 1,613.63 ~ " "
10 March 1, 1973 i,613.63 _ " "
11 June 1, 1973 1,613.63 "
12 September 1, 1973 1,613.63 ~
If any installment be not promptly paid within ten (IO) days ~ ~
next after the same becomes due,.Chen, at the option of the holder
herevf, the full amount remaining due upon this note sha11 th~reupon -
, become due and payable at once, together with_all other indebtedness~
E stipulated in this note and in the mortgage given to secure the same. _
~ The maker and endorser a rees to a-all costs of collection,
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including a~reasonable attorney's fee in case the principal of this
note or any payment on the principal or.any interest therean is not
paid at the respective maturiCy thereof, or in case it becomes - ~
necessary to~pro~tect the security hereof, whether suit be brought
or not. ~
This note and deferred interest payments shall bear interest at -
the rate of seven per cent (77'0) per annum~from maturity until paid,
All or any part of this note cnay be prepaid at any time without
penalt~y or premium~ after January 1, 1971.
This note is secured by a~Purchase Monzy Mortgage of even date . .
herewith and is to be construed and enforced according to the laws
of the Stat~~ of Florida.
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~r`~~ _:~!x SOVrIiALL, INC.
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i 0 ~~.,~~.a~=' B
tiic°; ~~~j~°~; ~ y President ~ .
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~.:.f~. . ~ ~ P11Gf~~
b00K
Secretary ^ ~ ~
(Se~'3 i ) ~ _ _ _ _