HomeMy WebLinkAbout1922 ~ • '
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PRUTfISSORY NOTL ~
~ ~:195 , , ti;; Stuart, Florida
July 9, 1973 1
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,:~~r va ~uc~ r: c-~ived, the undersigned, jointly and severally, ~
rromi;.~ ray to the order of HAROI.D F, RLEDEL anc: ADELYN M.
~`:IFD~ i., ';is wiEe, ONE HUNDRED NINETY FIVE THOiJSAND AND NO/100 j
J~~I.nt?5 (S195,OO~.UO), at 10809 South Indian River Drive, ForC ~
Pi~rce, Ftorida or such other rlace as the holder hereof may ~
designate in ~ariting, tooether with interest from d8te at the ~
rate ~f 7~ ner c-~ntum rer annum on the unpaid balance until , i
macurity. ~he sai.~ nrincipal and interest shall be due and nay-
able ~in fi~•e (Si annual i»stallments of $39,000.00 each plus
;i interesL. Thz First (lst) annual installment shall be~due one (1)
; year fron~ the date of this noCe and each succeeding payment annual y
unril TLlly naid. 'fhis note may not be prepaid in less than three!
(3) years ~rom the date thereof, nor may any payments thereon (
exceed twenty-nine (2970) percent of the face amount hereof in any ~
~t single calendar year. Thereafter there.shall be nu penalty for
nrenaym~nt ,
i; Lf default be made for 30 days in the payment of any installment
~i of nrincinai or inCerest or any part thereof, the whole sum then fi
remaining un~aid with interest shall at holder's optian•become due '
and payable without notice. Failure to exercise such option~shall ~
not consritute a waiver of the right to exercise the same in the '
~y event of subsequent default. After m~turity both principal and
accrued interest shall bear interest at 8 oer centum per annum ~
until naid. The makers and endorsers of this note further waive
demand, no~ice of non-D3yment and,nrotest. If this note is not
~ naid at maturity and the same is placed with an attorney for ~
collection, the makers and endorsers hereof a
g r e e t o p a
y a l l c o s t s~ ~
of collection, including all court costs and reasonable attorney ~ ~
fees .
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i~ UNIVERSAL ADAMS, INC. !
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~ ' (SEAL
; . . N, A. Hardin, Vice President
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i ~ v ~ • (SEAL) ~
~ . ~rs. r ret L'E. Hardin,
' . Asst. Se retary `
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