HomeMy WebLinkAbout0124 r
~
~
~
Y
~
i
G
i
SCHEDULE "A~ '
~
4
MORTGAGE t
PU::CHASE MON~Y NOTE
- ;
;
$400,000.00 August 31 , 1972 ~
x
.
FOR VALUE RECEIVED, the undersigned promises to pay ~
~
to the order of HARRISON I,AND DEVELOPMENT, INC., at such place
as the holder may specify by written notice to the maker hereof,
the principal sum of Four Hundred Thousand Dollars ($400,000.00)
.in lawful money of the United States of America, with interest
and one half
from August 31, 1972, at the rate of six/ per cent (61/Y~ per
annum on the whole amount of said principal sum remaining from
time to time unpaid, and promises to pay said interest, as then
~ -
~ accrued, on December 31, 1972, and thereafter annually on the ~
31st day of December until said principal sum has been fully ~
~
paid in the manner set forth belo~v, or until August 31 , 1987,
on ~•rhich date the entire balance of the principal and interest
then unpaid shall be due and payable. Interest on the unpaid ~
principal balance shall be calculated as of the first day of ~
each calendar month . ~
#
Maker agrees to pay on account of the principal sum ~
~
~ payable hereunder a sum of $300.00 per individual condominium 4
~ x
~ unit sold or apartment rented in the buildings to be constructed
~ ' s encur,ibered b the
by the P4aker on the real pronerty ~~hich i y
u in this note. Such
3 Purchase Monzy t4ortgage of even date sec r g
~ amount is to be paid at the closing of a sale of a condominium or ~
~ first occupancy of a rented apartment unit. In addition, the
~
S
Ba~M ~.VV +'Ai;i '
_ ' _ 3
_ _ ' ' _ - S
~re. '1r...