HomeMy WebLinkAbout0286 i~
~uc~c couw~r
~ . ROCER PO~TRAE ~
- CIERK CtRCUIt COIIRT
' RECORQ YfRIF1E0
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~ M~ur 6 12 09 PH'TZ
PRO:IISSORY NOTE
$184, 200.00 Stua~t, Florida, a''~ " , 1972
~ For value received, I, we, or either of us jointly and
,'severally promise to pay in lawful money of the United States of
~ America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF
~ STUART at its office in this city the principal sum of One Hundred
Eighty Four T'housand Two Hundred and NO/100 Dollars together with
~ interest from date at the rate of seven and one-half (7'~) per
M~centum per annum on the unpaid balance until paid, said principal
~~~$~and interest to be payable as follows: The principal shall be pay-
A able in five (5j equal, annual installmentsof Thirty Six T'housand
~ a Eight Hundred Forty ($36,840.00) Dollars each beginning two (2)
~ F e~ vears after the date hereof and annually thereafter until paid in
~ a full. Interest on the outstan ding balances of the principal shall
a< be payable semi-annually beginning six (6) months after the date
hereof and each six (6) months thereafter until the principal is
~ ~fully paid. The entire balance of principal and interest then
unpaid s'hall become due and payable on April 24, 1978. Each pay-
ment is to be applied first to interest and the balance to principal.
~
l In case said installments, or any of them, are not paid within fifteen
y (15) days after the same become due, the whole of said principal and
~ interest sum shall forthwith become due and payable at the option
of the holder of this note.
We, the makers, sureties, endorsers and guarantors of this n
note, hereby severally waive presentment for payment, notice of non-
paymerit, protest and notice of protest, and diligence of bringing
suit against any party thereto, and consent that time of payment
may be extended without notice thereof to any of the sureties of
this note.
Now, shotzld it be necessary to collect this note through
an attorney, each of us, whether maker, surety or endorser.on this
note, hereby aqree to pay all costs of said collection, including a
reasonable attorney's fee.
~ Said bank is hereby expressly authorized to retain any
general or special deposit, collateraZ, real or personal security,
~ or the proceeds thereof, belonginq to e~ther of us, now or hereafter
in the possession of it during the time this note remains unpaid,
~ and before or after maturity hereof may a~ply the s to this or
;
any other debt or liabilities of either f us to sai bank, due or
to become due . Given under the hand. and ea /of%~ea~h p, rty.
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L irie A. Rinker
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