HomeMy WebLinkAbout0119 July 1, 1972
On or before seven (7) years after date, tor value received, the
undersigned, jointly and severally, promise to pay to the order
of WI\DMILL VSLLAGES OF Al~lERICA, INC. , a Florida corporation, at ~
4000 ~orth Tuttle Avenue, Sarasota, Florida 33579, the sum of ~
One Hundred Fifty-four Thousand and no/100 ($154,000.00), together '
with interest thereon from date at the rate of nine and one-half
(9~,$) percent per annum with the first interest payment thereon
payable six (6) months from date and then in quarter-annual payments
thereafter and shall continue to be paid until the entire principal
and interest are paid.
~ime is of the essence and if default is made in the payment oF
any part of the principal or interest for thirty days, the holder .
shall have ~`~e option to declare the entire principal and interest~
i:nmediately due and payable without notice.
All nake~s and endorsers now or hereafter beco~r.ing liable hereon,
jointly and severally waive demand, presentment, notice of nonpayment
and protes~s, and aqree that if this note becomes in default and is
placed in tr.e hands of an attorney for collection, to pay reaso»able
attorney's fees including appel?ate proceedings and all other costs
of collection, and that the holder may extend the time for payment
from time to time or forbear to enforce payment without obtaining
the consent of such makers or endorsers and without discharqing or
affecting their Iiability.
This note is secured by a mortqage of even date herewith executed
by the undersigned in favor of th2 payee hereof conveying real estate
located in St. Luc:ie County, Florida, Upon the occurence of any
one or more of the events of default specified in said mortgage, the
:.older hereof, without notice or demand~of any kind except as may be
provided in said agreement, may declare the unpaid balance hereof
immediateiy due ar~d payable. '
Should ti;e holder hereof endeavor to enforce collection of the in-
aebtenness evidenced 'vy this note, it shall proceed to realize upon
the proper~y and any other collateral securing this note, and in the
! event the amount realized t r.erefrom is less than the amount owing
~ or. this note, the payee, its successors and assigns, by the acceptance
~ of this note, agrees that it will never institute any action, suit,
~ c2ai~. or demar.d, at law or in equity, against the maker or makers of
~ tr.is r.ote for or on account of such deficiency, it being expressly
ur.derstood and agreed that none of the ma:cers of the note shall have
~ ar.y persor.al liability witY~. respect to sLCh indebtedness. '
a ~
AQUA RABELLA, INC.
.
Attest. . ~ ~tU ~ a F }r~~~da cor o t~}~ ~
RICHA H. TERWILLIG By: z~''~ ~~.JLC,1'I~ ~r iir'~.
Secretary KENNETH H. DURNBAUGH, ~ sident
(Corp. Seal) -
' AQUA RABELLA ASSOCIATES,
• a Flori partnership
. ~ - • t ~ ~
~ B RT C. COPES a t:,er
' ~ ~ ~~ij"I~IC,~~ ~%~~~1. IC.~i '~l{ ~ •
~ U BAUGH (R~;r er)
, K T H.
Fi~o ~NO nEC~~~
~ . d~.~~'?lil C/ •
iT. ~UCtE COUN LA. . ~ '
BocER PaTRls ~ ~ RICHARD H. TERWILLIGER (P tner
.
,
RECORD VER F~E~ COUAT
. ' ~..,.^,..~'..~c~ _~..s'~
Ju1, l 3 i2 PM'~2 R+~CIi~.I"~D E. BRFADEN Partner)
_ -~'~~~_j~
232906 ' ~ ~ -
P I P. ~ TYBSE'i"iS, Sk. Partner)
EXHIBIT "N" a~~~20~ PAGE
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