HomeMy WebLinkAbout2129 PROMISSORY NOTE
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$298,200.00 Fort Pierce, Florida ;
February 12, 1973 }
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For value received, the undersigned, jointly and severally,
promise to pay to the order of REGINA K. BISHOP, at the St. ~
' Lucie County Bank, Fort Pierce, Florida, or at such other ~
place as shall be designated by the holder of this note in :
writing, the principal sum of Tt~O HUNDRED NINETY-EIGHT ~
THOUSAND AND TWO HUNORED AND NO/100 DOLLARS ($298,200.00), 1
together with interest thereon from February 12, 1973, at {
the rate of seven (78) per cent per annum, all payable in ;
lawful money of the United States of America, as follows: 7
Payable in five (5) equal annual principal payments of !
$59,640.00 plus interest at the rate of seven (7$) per - ~
cent per annum on the unpaid balance at the date of each t
such annual payment, the first of which shall be made on
February 12, 1974, and on the 12th day of February of each
year thereafter until paid in full.
This note may not be prepaid in whole or in part at any ~
time.
~ All payments shall apply first to accrued interest, and -
the reraainder, if any, to reduction of principal. If any
installment of principal or interest is not paid when due,
or upon any default in the performance of any of the
covenants or aqreements of this note, or of any instrument
now or hereafter evidencing or securing this note or the ~
ob2iqation represented hereby, the whole indebtedness #
(including principal and interest) remaining unpaid, sltall, ~
at the option of the holder, become imanediately due,_pay- !
able and collectible, and while in default, this note and ~
deferred interest shall bear interest at the rate of nine f
(9~) per cent per annum. Each maker and endorser
severally waives demand, protest and notice of maturity, ~
non-payment or protest and all requirements necessary to ~
hold each of them liable as makers and endorsers. Each
maker and endorser further agrees, jointly and severally, ~
to pay all costs of collection, including reasonable ~
attorney fees in case the principal of this note or any
payment on the principal or any interest thereon is not ~
paid at the respective maturity thereof, or in case it
becomes necessary to protect the security hereof, whether ~
suit be brought or not. i
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TASIS, a Joint Venture between
N. A. HARDIN, individually, and
AARRISON LAND DEVELOPMENT, INC., ~
a Florida corporation:
gy /s/ N. A. Hardin (SEAL) ~
N. A. HARDIN, Individually
HARRISON LAND DEVELOPMENT, INC., `
a Florida corporation - }
(Corporate Seal) ~
_ gy /s/ A. W.. Reck :
A. W. BECii, President ~
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Attest: /s/ Ana Maria R. Sora
Assistant Secretary
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