HomeMy WebLinkAbout1268 INSTALLMENT NOTF
$ 38, 125.00 Fort Pierce, F:Cc~rida
July 16 1973
For value received we, jointly and severally, as principal promisc: to
pay without defalcation ~o the order of LAURA LEE KOBLEGARD HAYES,
at the office of Bryan and Koblegard, in Fort Piercc, Florida, thc: sum
of Thirt Ei ht Thousand One Hundred Twent -five and no/100-----Dc~:_lars
with interest from datc at the ra~e of eiglit percent 8;~) per anntirz, in
yearly installments, payable as follo~as, to-wit: Interest onl~ dii~: an
the 16th day of July, 1974; one-hali of the principa2, pltis interc~::t, on
; the 16th day of July, 1975; and the entire balance, plus interest, on
y the 16th day of July, I97G .
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a Each installment first shall be applied in payment of the interest: and
; then on the unpaid balance of the ~~rincipal sum. If default is m~.de in
~ any payment when due, then, at option of the payce all the remain;.i~g
installments s}Zall becom~ due and payable at oncc.
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~ Should it become necessary to collect this note through an attornctj,
~ either of us, whether maker, surety or inclorser on this note, herchy
agrees to pay all costs of collection, including a reasonable attorney's
fee .
~ The makers, sureties and indorsers hereof severally waive presentnient,
~ protest and notice of protest for non-payment of this notc and zgrE~e
that the time of its maturity may be e}:tei~cied before or after matcl~ity
~ and do ~urther severally agree to any rencwal thereof be£ore or af~i.er
; maturity without notice of them.
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~ This note may be pre-paid at anytime without penalty, except that i~o
payments in excess of tiaenty-nine percent (29,~) shall be made duritig the
year 1973, unless the total amount of the note is paid, and no paYllents,
other than the amount due on that date, may be m,~Zde after July 1G, 1975,
~ until after January 2, 1976. The Security for this note is the latid
described in the mortgage, to which a copy of this note is attachecl,
~3 and the owners and holders of the note for themselves, heirs, and ~~ssigns,
- agree that in the event of default and foreclosure no deficiency jtidgment
shall be claimed against the maker of the note.
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K SETTLE & ASSOCIATES, INC . .
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stamps attached to ori.ginal
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