HomeMy WebLinkAbout2417 _ . 1
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PROMISSORY NO~i'S
$1,000,000 Lake Park, Florida
March 18, 1971
1. Lake Lucie Estates, Inc., a Florida cor-
poration, of 1674 Meridian Avenue, Irliami Beach, Florida ,
(the "Maker"), for value received, promises to pay to
the order of Royal American Realty, Inc., a Florida
corporation, of 1001 Park Avenue, Lake Park, Florida
(the "Payee" on or before Iriay 1, 1981, th e sum of ~
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k One Million Dollars, together with interest on said sum
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( to be computed from November 1, 1971 at the rate of six
~ per cent per annum and to be paid on February 1, 1972 and
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~ quarter-annually thereafter. All payments o€ principal
and interest shall be made at the Payee's office atated
above or at auch other place ae rhe Payee or any subee-
~ quent holder of this note may he reafter designate in ;
writing. ~
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~ 2. Thia note ia securad by (a) a mortgage
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~ (the "Mortgage") made by the Maker to the Payee, of even
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~ date herewith, coverinq real property eituated in 8t.
~ Lucie County, Florida, and more particularly deecribed
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~ aoo~194 2416
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