HomeMy WebLinkAbout1092 All paymen s ehall app}~t fira~ ~to accrued interest, and the-- " ~
if any, to reductian of principal. If ar~y installment oP principal or
intereat is not paid when due, or upon ar~y default in the perPormance
of ar~y of the covenants or agreewents of this Note, or of any instrument.
no~,i or hereafter evidencing or securing this Note or the obligation
represented hereby, the whole irnletitednesa (including- principal and in-
' terest) remaining unpaid, shall, at the option of the holder, become
imo~nediately due, payable and colle.ctible, and while in default, this Note
and deferred interest shall bear interest at the rate of TEN (10~) per-
cent per annum. Each maker and endorser severally waives demand, protest
and notice of maturity, non-payment or protest and all requirements ~
necessary to hold each of them liable as maker~ and eridorsers. Each
maker and endorser further agrees, ~ointly ancl severally, to pay all costs ~
of collection, including reasonable attorney ~ees in case the principal
of this Note or any payment on the principal or ar~y interest thereon is
not paid at the re~pective maturity thereof, or in case it becomasLL neces-
sary to protect the security hereof, whether suit be brought or not.
. FORT PIERCE DEVEIAPMENT ASSOCIATES, !
LIMITED, an Illinois limited partnership
y~ ti f_ BY: S& P(70MPANY, a general partner
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. BY: I 1~ L~ '~r~- ~ 11~' _za.
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BY: REAL ESTATE CAPITAL CORPOrZATION~ i,
an Illinois coroor~tior_, ~s a
~ general partner
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BY: ~ ~1' ~ r~ t t . c~
Payablfi at : '!ri e : T'-'T~'
FIAS-~ NATIONAL BANK OF FORT PIERCE
Fort Pierce, Florida
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~o~c18,9 r?~10$,9 ~~88 n~ ~p
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