HomeMy WebLinkAbout2197 1NSTALLMENT NOTE
$ 40,000.00 Ap~il 19 72
,
~1~ next after date w promise to pay ~to the order of '
1~ M~
'~j ~ ~ MM~M~~~~rNN~NN~~N~~~~* T ~ RS
JrJ.~[1
~c 14S2S l~r~r+ost Stt+s~t, Drtroit, Mirc~is~t 48227
FOR VALUE RECEIVED, with interest from at the rate of~-per cent per ~
~d°t~ .pa !~l t~outhl~ la~stall~Matf O! $S00•00 ~aah, *1vs ioCnn~C
~t~ Y C~' O~`yabl ;
~ ~atb o~ t!N t~~al~ - bilaaa~. ~
'rb~ lis~t irrtalla~t ot lei~ei~l i/ lstr~t ~hall b~ *s~rabla ee~ ~outh
is+~ t1s. dat~ h~nnel, asd ae ttw aar dat~ ~~eh ~oat~ tMrr~lt~s mtil
!a!~ ia leli. ~lr~at ~t7? be aaat in !'itli aar in part ae ~ eine
~ritl~t p~oalt~. ~ abli,~atiao~ o! ths o~krrt belov ar~ u~oila~s:
L~ui~~ J. i~r SO/1500
i~~ J. ~Col~l~~ SO/'1500 .
j ~ie~at~ ~L~iA 27.5/1504
j ~~~J. Oiltall+ra, S~ilN~~ 4S/1500
~ DEFAULT: In case said installments or any of them aze not paid within ~ days after the same ~me due
i the whole of said principal sum sl~all forthwith become due and payable at the option of the holder of this note.
~ Deferred interest payments~ to bear interest from maturity at per cent per annum, payable on demand.
~ Payments shall be applied first M interest and balance to principal and interest shall be calculated on the balance ~
~ remaining from time to time unpaid.
i In the event this note is plaoed in the hands of an attomey for oollection or in case ihe holder shall beoome a party
~ either as plaintiff or as defendant in any suit or legal proceeding in relation to the property described or the lien
~ rreated in said mortgage, or for the recovery or protection of said indebtedness, the maker hereof will repay on
~ demand all oosts and expense arising therefrom, including reasonable attorney's fe~c, with interest theteon at the
~ rate of ten per cent per anmun until paid.
~ The makers, indorsers and guarantors hereof and all others who may become liable for all or any part of this
obligation severally waive presenhnent for payment, protest, and notice of protest and of non•payment, and
~ oonsent to any nwnber of renewals or eutensions of time of payment hereof. Any such renewals or eatensions may
~ be made ~vithout notice to any of said parties and without affecting their liability.
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