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No ~ ~ ~ ~ PROMISSORY NOTE
~er:
.Y.~-- , ~9_~`_
For vaiue received. the undersigned (and if more than one. each af them jointy and severally), promise to pay to the order of
,jensan C + Fle. 3345Z _
cne 5„m or Sevan thausand tive hundre twe~ty-two aftt~ SO~lOLbpLLqRS (TOTAL OF PAYMENTS).
payable in .~~~~~-monthty enstalments of = 2~J0. T5 esch. on the 16th day of each successive month commenc-
~ng Qr~ ~16 , 19 72 - together with a BALLOON PAYMENT in the amount of p~n~ due on
ry~~e . 19 , together with costs of coilection, including attorneys' fees equal to 10 of the
% principal sum or suct~
iarger amounts as may be reasonable and just if coilected by legal proceedings or through a~ attorney at law. T~e conditions. if any.
for refinancing the bal{oon payments are None
The undersigned promises to pay late charges not to exoeed 5% of the amount of amt principal payment•or payme~rtg in default.
All payments made her~eunder shall be c~ed'+ted first to irrterecEand lawfu! charges then accrued and the remainder to principai. The
amount of this note inctudes tl~e proceeds of ;"~i 37~• QQ ~nwranoe (include ony if premium Snaxed hereunder-- spccify types
of coverage and state premiums for each)_ NOns
of = , other dtarge5 Mnn~ of ;
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(resulting in an AMOUNT FINANCED of ~~3,~.DQ, Plus a FINANCE CHARGE ~ t 1 ld T• 50 (which amouM
~ includes interest of Credit life insurance premium of s and credit investigation cost of ~ )
! resulting in an ANNUAL PERCENTAGE RATE of The undersigned has the right to prepay this loan in full and
~ obtain a refund of the uneamed portion of the finance charge computed under the "Sum of the Digits" method.
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; CREDIT UFE AND CREDfT UFE d. OISABtUTY INSURANCE. ARE VOWNTARY AN~ NOT REQUIREOr FOR CREOtT. Suct? inwranp tovera~ is anilabl~ at tM
~ cost designated below for tha term of tha credit_ (a) i fw Cr~dit tite Inswance (b) i ~or Cred'd Ufs d~ Oiss6ility Inwrane~
; Check ~ G~~t Lifs Insurance is Oesired on tM life of gi~~
; ~ppl. ~ Cndit life 6 DisaDiliqr Inwmnc~ is desirsd on
~ Box
~ ? Credit Ute and/or plsapility Inwrance is not Msirod.
° (Date) (Sisnaturel -
~ PROPER7Y INSURAHCE. M writbn In ~tian witA thls lo~n. msY b~ obtainW by tlr ueW~esiv+~d tnra~ s~Y W~son d hts cholc~. H tM w~d~r-
~ sign~d dssir~s prapNty iowrsnt~ to b~ obtslmd th~oush tlr C~ditOr. dN east ~ill b~ i fot s tK~n of rnOnthf.
~ In the everK a instalment of
~ ny prindpal is rat paid when R becomes due, the entire amount of this note, less the amourK of any
~rebates required by law, shal! become due srid payable at the election of the holder.
~ The holder is Nereby authoriud to apply, on ar sfter maturity, to the payment of this debt, a~ry funds or property in possession of holder
~ belonging to the Maker, surety, endo~~ guarantor. or a~r one of them, and alI eodorsers and suoeties agree that this note may, in whole or
s Pa~. be exte~ded W' ~enew~Ed frortt tims to time without nOtiOe to ttlem and witbout rolease Of their liebility hereon.
F'resentment, not+ce o/ dishonor s~d notioe of non•payrnent are hereby waived by each maker, endotser and other paRy to this
note, and each of them do hereb~? waiee the right to be sued after defauR in the county of their reside~ce.
~ SECURITY---tbis tosn is secured by a Sewrity of eMen date covering the tollowiog described property:
~ lst ~aortqags o~ Lot Section II Outdoor Resorte in A~ezica ~
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~ The Security Agreement will secure future or other indebtedness and will caver after acquired property.
~ The undersigned acknowled~es reoeipt W a compkted copy of this note on the abov~e date.
~
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~ (AddressZ Rt 3 Stuart. fla. 33494 '
, Stgnituro: SEAL
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~ l~?dd~l s~gn,r~m: S~u.
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~ (Address) Slgnatu% SEAL
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a'~I ~~~J.~O-~ RE~Ul. ATlQN "Z" QISCLOSURE COPY NON-NEGOTIABt..E ;
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