HomeMy WebLinkAbout1266 INSTALLMENT NOTE ,
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$ 761250.00 Fort Pierce, Flurida
Ju ly 16 .197 3
For value received ~oe, jointly and severally, as principal promise to •
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pay without defalcation to the order of R. N. KOBLEGARD, III, . .
at the offa.ce of Bryan and Kobleyard, in Fort Pierce, rlorida, .the sum
of Sevent Six Thousand Two Hundred Fift and no/100--------~---Do:llars
with interest from date at the rate of cight percent 8/~) per annuin, in
yearly installments, payable as follows, to-cait: Interest onl~ du~~ on
the 16th day of July, 1974; one-half ot the principal, plus intere~~t,- on
; the 16th day of July, 1975; and the entire balance, plus interest, on
! the 16th day of July, 1976. _
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~ Each installment first shall be applied in payment of the interest and
~ then on ~ the unpaicl balance of the principal sum. If default is ma~:ie in
~ any payment when due, then, at option of the payce all th` remai~ni~ig
~ installments shall become due anci payable at once.
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Should it become necessary to collect this note through-an attorne~r,
either of us, ~he~lier maker, surety or indorser on this note, here~~y ,
agrees to pay all costs of collection, includinc~ a reasonable atto:-ney's '
fee.
The makers, sureties and indorsers hereof severally waive presentmc~nt,
protest and notice of protest for non-pa~~n~nt ot this note and agrc,e
that the time of its maturity may be extended before or after matu:~ity
~ and do further severally agree to any renewal thereof before or ~af~:er
~ maturity without notice of them.
~ This note may be pre-paid at anytime without penalty, except that ~io
payments in excess of twenty-nine percent (29~~) shall be made duritig the
year 1973, unless the total amour.t of the note is pzid, and no payrients,
other than the amount due on that date, may be mac:e after ~uly 16, .1975,
until after January 2, 1976. The Security for this note is the lai~d
~ described in the mortgage, to which a copy of this note is attacheci, .
~ and the owners and holders of the note for themsetves, heirs, and ~.ssigns,
~ agree that in the event of default and foreclosure no deticiency judqm`nt
~ shall be claimed against the maker of thc note .
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SETTLE & ASSOCIATES, INC. ~
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~ gy; 1 SEAL)
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State documentary
sta;.~j~s attached to original
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