HomeMy WebLinkAbout1127 $50, 000. 00 Knoxville, Tennes~ee
May 10. 19?1
NOTE
On or before three years from daie for value received we, the under-
signed, do hereby promise to pay to the order of Yenture Out in America, Inc..
its successors and ~ssigns. the sum of $50.OOQ. 00 together with interest
thereon at the rate of 696 per aanurr?, payable quarterly. commencing three
months from the date hereof. Payments with respect to principal and interest
shall be made at Lhe offices of Venture Out in America~ Inc. , at 107 Main Street.
Knoxville, Tennessee. or at such other places as Venture Out in America ie
from time to time desigaated.
This note ie secured by a mortgage of even date herewith encumberiag
lancis situated in St. Iucie County. Florida. Thiz is a purchase moaey
obligation.
Should default be made ia the payment of the principal or of the
interest and should such default persist for a period of thirty days, zt the
' option of Venture Out in America, Inc.. its successors and assigna. the
;
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~ entire amount remaining unpaid with respect to this note may become due and
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~ payable at once with interest. Should this note be placed iu the haads of an
~ attorney for collection by reason of such default, the makers agree to pay all
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~ costs oi collection including a reasonable attorney fee.
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