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S 3,? 50 . 00 PROMISSORY NOTE Stuart Florida . ~
1
September 12, 1973
FOft VALUE RECEIVED, the undersigned, jointly and severally, PRONIISE
TO PAY to the order of ~A'ALTER PILOT and KATHftYN PILOT, his wife
------Three Thousand, Seven Hundred and Fifty and no/100---- DOLLARS
at 2525 NE 37th Dr. Ft. Lauderdale, Fla or such other place as the holder hereof ~
may designate in writing, together with interest from date at the rate of A- ~
per annum on the unpaid balance until maturity. The said principal and interest ~
shall be due and payable as follows: ~
In one payment of $3, 750 . 00 plus interest due one year from date . ~
~
; Right of prepayment in full at any time without penalfiy, or in part at any time sub- :
~ sequer.t to January 1, 1974, is expressly reserved. ~
~
~ There ~hall be no personal liability on the part of the makers in connection with
~ this n~~!e and the mortgage which secures it, and the holders hereof agree to look #
~ solely to the land encumbered by the purchase money mortgage executed simul- ~
~ taneously herewith by the makers for their security. ~
~ . .
~ If default be made for -30- days in the payment of any installment of princapal
~ or interest or any part thereof, the whole sum then remaining unpaid with interest ~3
~ shall at holder's option become due and payable without notice . Failure to exercise '
such option shall not constitute a waiver of the right to exercise the same in the
~ event of subsequent default . After maturity both principal and accrued interest
~ shall bear interest at -10- $ per annum until paid. The makers and endorsers
- of this note further waive demand, notice o non-payment an pro es . no e
is not paid at maturity and the same is placed with an attorney for collection, the
u makers and endorsers hereof agree to pay all costs of collection, includi.ng all
~ court costs and reasonable attorney fees . ~
~ ~
~ (SEAL) ~
;a Joseph D . Farish, Jr .
~ -
# (SEAL)
Ray C . Osborne
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