HomeMy WebLinkAbout2658 PROMISSORY NOTE
s120,000.00 Winbr Pa~4c, Florida ,
Septwnt»~ 18, 1973
FOR VAIUE RECEIVED~, f1+~ undentgnsd WALTER A. DUN, JR. AND BARBARA A. DUN
promia to poy to ths on~er of MANIIA A. GREGORY~ in ths man~~ heroinafMr specifi~d, th~
prt~cipol wm of ONE HUNDRED TW~NTY THOUSAND AND NO/100 DOLLARS (5120,000.00)
in Ic~rful money of Nw Unibd Sroros, tog~th~~ with interost kam doro at th~ ~+oh of ~tght p~rcer~t
(896) pe~ annun on the bolo~ce from tim~ to tlme rornaintne u~pald. The safd principnt and -
inMr~est shall b~ pciy~obts ot thb CtOi~TERS,: 100_South_ interiachen Avenw,_Winter_Pcrk~____
' Flortda, or a~ wch plac~ a: holde~ may henafte~ d~si8note in wrtttnp ro th~ maken hshof, o~ ~
ths dohs vnd Tn th~ manns~ follawirp: ~
On JANUARY 5, 1974, !l~~• zholl b~ dus and payobf~ th~ occn,sd int~n -
f~aa dat~ Mroof, anvv~~::ne to 52.866.7~. •
Oe JANUARY 5, 1975, occ~ued lnter~t in amamt of 59,600.00 shelf bs due
vnd paroble, wtth a I ike omou~t dw on th~ 5th ~lo~r of JANUARY, t976 and ~
th~ Sth day of .JANUARY, i977.
On JANUARY 5, i97~, thero ~all bs du~ o~d poyobl~ th~ omount cf 57,058.82 ~
prlneipol ptus acc~ued intensf, and the anount of s7,0.~8.82 principol plus
vccrved tnt~erott on ths 5th day of JANUARY eaci~ r~ar th~roaft~er untii ths 5th
doy of JANUARY, 15~94, on which daro tfis balancs of prlncipat plus occn~d
intera:t ~all be potd. interost ~oll b~ poid on ttr unpaid principal boidnc~
due o: of ~och poyment dot~.
lhero ~all be no prspayment prtvil~e du~ing th~ beioe~c~ of the ysor of 1973. If ti~
AAortgogors hsrein desiro to poy the principol _of thi: not~ in futl ot in pa~t ony time afbr
JANUARY 5, 1974, ond PRiOR ro JANUARY S, 1978, th~y enoy do w upon payme~t of o
three pancent (396) penalty on the amount p~spaid on th1: note. AFTER .1ANUARY S, 1978,
this note may bs propaid, in whole or in patt,_ at any tims, witfiout pen~!!y. Any propayment
mxfe s4sa1! cany eccruod tntsssst to ~te r# wch prepayment. The er?ixiot porment~c :peciiieci
~all conlinue u~til the entiro princlpal plus occrved intehst sholt be poid in full.
~
The Mortgagee herein agroes that th~ Mortga8ots ~oll not be penonoliy 1loble for ths
ind~btodness evidenced by this promissory noFs ond the Purchoss Mbnap MortgoBs of even :
~ dote in orig~nol ~nount of 5120,000.00 plus inbro:t, and Mortgages ~holt look only to ths ?
r ptopery desc~ibed in ~ Mortgogs at ths tirn~ of ony defa~ult, fo~fuli poyme~t and discharge
~ of said indebtedneu.
~ ~
k
! Thi: not~, with intarest, is secund by a Purchese Ma~ey 't.~ortgage of even dah, on
~ csrt+ai~ root estate, ond the ~emu of said mortgoge ors by this rofaronc~, rrwde o part heroof. - '
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~ tf defciutt bs made in tfie payment of ony of the sums or Interost mentioned herotn or ~
~ in :atd mortgage, or ln the performance of any of the ogreemenh cont~oined he~ein or in satd
~ ~tQOge, thsn ti» entits prtncipol wm and occrued interest:holl, at the option of the hold~sr
.
~ wid principol wm and accrved inter+est sholi both bea~ intere:t from such time untTi paid at ths
~ highest rote allow~cble unde~ the iov+h of ~e Srote of florido. Fvilure to exercise thi: option
~ ~I I not~ constitub o waivsr of the rtght ta exerciss the sane in the event of any wbseq~ent
; defoult.
~
~ The nwlcen hereby watve presentment, proteat, notice, notice of protest, ond notice
of dish~rwr and a ee to ~
_ rw gr pay oll costs, including a reasanable ettomey's fee, whether wit be
;
~ brougfit or not, if, efte~ motvrity of thls naM or default he~+eunder, counsel ~oll be employed =
to colioct this noro. _
. .
-r.
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The unde~sig~ed w~aive pr~sentment fot payment, prof~est, ond r~tice of p~obst ond
~ nor~-paymsnt of this Note.
'~s /s/Walter A. Dun, Jr.
V:`otter A. Gun, Jr. .
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x
~ / s / Barbara A . Dun ~~d , ~ ~
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~ Btu~ro A. ~'un . ;
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~ 80~~~5 P~f ~~~la~.i ~
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