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1CD tY--407-Y ~Rev. 11/70)-Reorder tme~ Ferri~ Pt~. Co., Orlando, t7otida i2A01-~!l-6283-2Y-1-T2-~21~i9
O~at 61[~eeut~d wlr~) ettate--nonh~lloon
• PROMISSORY NOTE
No ~ 40, 000. 00
ST. LUCIE COUNTY BANK
FORT PIERCE, FLORIDA
- • ' December 20 ~ 19 ?3
For valne reeeived, the nnderaigned (and ii mon than one, each oi them jointly and eevenlly), pmmiee to pap to the
order of 3T. LUCIE COUNTY BANH. Fort Pierce~ Florids, the sum of FORTY THO[~ti~?N~ AND NO/ 100
' A,Qt~LARS (TOTAL OF PAYMENTS), payable in 120 monthl inatalmenta
oi - each. on the day oi each anccessive month commencinR on ~rch
19 together with coata of collection, inctnding attorneya' feea equwl to 10~/0 0! tbe principal sum or anch isrger
amounta as may be reasonable and just if cottected by tegal proceedinga or thmngh an attoraey at Isw
All payments msde herennder ahatl be credited firat to intereat and 2awfut charges thea aecrued and the remainder
to principaL The amonnt of thie note includea the prooeeda oi ~ , recording fee oi 00 „ eredit
life inanrance premiam oi ~ n/L,_, iatangible tsz oi = RQ_ QO " documeatary stunp taz oi ~ 6A. 00 and
other charges of ~ • resulting in an AMOUNT FINANCED
IDe+eriDe and Sute Cod fo: a~e~) '
of = 40• 000 , plus s FINANCI3 CHARGE (consiating oaly of intereat) of 19, 5~ (which is eatimated to begin
to accrue on ~9 ) resulting in an ANNUAL PBRCSNTAG$ YtATS of B'+ qo. The undersigned hss
the right to prepay thia loan in full and obtain a refund oi the nnearned portion of the finance cbarge computed under
the "Sum of Lhe Digits" method.
PAOPERTY IN3URANCE, ii written in connection with thia loan~ may be o6tained by the undersigned through
anq person of his choice. If the undersigned desirea property insuranee to be obi~aiaed throagh the creditor, the cost ~
will be ~ for a term of months.
CREDIT LIFE INSURANCE IS VOLUNTAItY AND NOT REQUIBED FOR CREDIT. Snch insurance coverage is
avaitabte at a cost of ¢ for the term of the credik
Credit Life Insurance ia desired on the life of
(Dats) (tn~orod) ~
(D~te) (Insmed) w
In the event anq instalment oi principal is not paid when it becomes due, the entire aa?ount of thia note, less the ~
amount of any rebates required by law, shall become dne and paqable at the election oi the holder. ~
Presentment, notice of dishonor and notice of non-payment are hereby waived by each malcer~ endorser snd other ~
psrty to thia note, and each of them do hereby waive the right to be sned after default in the counly of their residence. ~
SECURITY--this losn ia secnred by s Moztgage oi even date on the following deacribed reai prnperty: (Describe) `
_ As per description in Mort~a~e Deed
The Mortgag~e w~71 ~ecare t~a;e or ot6er indebtedness a~nd will eover after aoqaired PmPe~Y•
The nnderaigned acknowledges receipt of a completed copy of this note on t6e abova dste.
3Z45 Okeechobee Rd. B& B. MACHINE SHOP, INC ~ I
(Addres~) , - Sipnature: ~At, r,
' 0 p ~~l ~Gf 1~ ; ~
/s/ Lavon B~~i BY=/s~arry , Biahop
~A~~) Vice Presi ent ' Siynatur~: res en EAG ~