HomeMy WebLinkAbout0899 i~ort9~9e ~ote
= 62,500.00 ~
8oca Raton ~orida, D~o~a~D~r8119 70
For vslue received. the undersi~ned (jointly and aeven?Uy. if more than one). promise to pay
to the order of WILLZAM E. GLOVER, Trust~~
theprincjpslsumoi Sixty-tWO Thousund and Fiv~-hundr~d__________________ ~
and 0 0/100 DOLI.AR8 (i a?, 5 0 0. 0 0). with interest thereon at the nte of v~n (
per ceAtum per snnum from d~te until maturity. said iatereat being payAble
both principal and intereat bein~ psyable in lawful money oi the United Statea of Amsricu at _
Suite ~25. First Aank and Truat euilding, Boca Raton~ Florida
or at such other address aa the hold~r from time to time may specify by written notice to the makar.
the principal and int~rss! to be paid at the dste or d~?tes snd in the manner iollowia~:
The principal shall b• paid in fiv~ s4ua1 annual instalLn~nt•
of 31?,500.00 ~ach, !ha firat of said installs?ent• due D~ae~ibsr 81,1971
and ther~aft~r an equal amount shall b~ due on th~ 91st day of Daosmb~r,
!or four consecutive ysars.
Interest on th~ unpaid principal balance shall b~ paid annually
a~th principal pay~ents. .
Th~ maker ahall bavs th~ right to pr~pav this not• in part,
togeth~r vith aaoru~d intsresl, ~t any tim~ attsr February l, 1991.
All prepaym~nts shdll b• applied against th• next rsgular payrsent o!
intsre4t and the next r~~ular payment o! prinofpal doseribsd abov~ and
in the order they b~come due and payabla, -
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~ ?hia note ta be construed snd enforced according to the laws of the State of Fbrida. and is
aecured by mortgage on real eatate of even date herewith.
Ii default be made in the payment of any of said suma or interest or in the petformance of an,r
agreements contained henin, then, at the option of the' holder of the eame, the principsl aum then
remaining unpaid with socrued intereat shsll immediately become due and colleMible without no-
tice, time being of the essence of thia contract. and said principal sum and said accrued interest
ahall both bear interest st the rste of ten per centum per annum. from 9uch time until psid. ,
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Esch maker and endoraer waives presentment. protest, notice of protest and notice of diahonor
snd sgrees to pay sU costs. including a reasonable attorney's fee. whether suit be brought or not. if
counsel ahall after maturitq of thia note or default hereunder or under aaid mortgage, be employed to
collect thia note or to protect the aecurity thereot.
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atamps ati'ued to or~inal ~ote aad csacelled.
~ Malcer'a Addres~ ......................................._................._.........(3EAL)
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