HomeMy WebLinkAbout1269 . IN5'lAt,LMI•:IQT NOTE
$ 38, 125 .00 rort Pierce, Flc~rida
Ju ly 16 197 3
For value received we, jointly and severally, as principal promis~~ to
pay without defalcation to the order of WENDELL MAY KOBLEGARD BISHOP,
at the office of Bryan anv Koblegard, in Fort Pierce, Florida, th~: sum
of Thirt Ei ht Thousand One Hundred Twent -five and no/100-----D~~::lars
with interest from date at the rate of eight pcrcent 8;%) per anmirl, in
yearly installments, payable as follo~os, to-wit: Interest onl~ da~~ on
the 16th day of July, 1974; one-half of the principal, plus interf::~t, on
~ the 16th day of July, 1975; and the entire balance, plus interest: on
~i the 16th day of July, 197G .
E
; Each installment first shall be applied in payment of tlie interesi; and
i then on the unpaid balance of th~ principal sum. If default is m~icle in
~ any payment when clue, then, at option of the paycc zll the remain =ng
installments shall become due and payable at once.
Should it become necessary to collect this note through an attornE:~T,
~ either of us, whetlier maker, surety or indorser on this note, herf~l~y
~ agrees to pay all costs of collection, including a reasonable attc»-ney'~s
fee .
The makers, sureties and indorsers hereof severally taaive presentrie~nt,
protest and riotice of protest for non-payinent of this note and agi•E~e
that the time of its maturity may be extended be£ore or after m~attirity
~ and do furthzr severally agree to any renec,ral thcreo£ before or ai=i:er
~ maturity without notice of them.
~ This note may be pre-paid at anytime without p~nalty, except that no
~ payments in excess of twenty-nine percent (29;~) shall be made duri.i~g the
year 1973, unless the total amount of the note is paici, and no pa~~r~ents,
- other than the amount due on that date, may be in~zc:c zfter July 1G, 1975,
until after January 2, 197G . The Security for t~iis note is the l~.iid
~ described in ths mortgage, to c~~hich a co~~y oF this note is attachc•c1,
;q~;
and the owners and holders of the note £or themsel~~es, heirs, and «ssigns,
~ agree that in the event of default and foreclostu~e no dericiency ~ucir,ment
~s
~ shall be claimed against tt~.e makcr of thc note .
~
~ SETTLE & ASSOCIATCS, INC.
~ ~ ~
~ bOQK ~~V ~'~CE1~ By: ; SEAL)
~
State docuinentary
~f~ stamps attached to origina2
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