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' ' PROMISSORY NOTE
$~q5 . 538 _ 51 Miami. Florida December 14 ~ lg 72
FOR VALUE RECEIVED the undersigned. jointly and seve~ally, promise to PAY TO THE ORDER OF
Alto Adame
The principal sum of N~ety-five Thousand. Five hundred thir#~ eight and 51~~00------
95, 538. 51. ) together with the interest thereon from the date hereof •
at the rate of seven percent per annum until maturity, all payable in lawfui money of the United States of America.
as follows:
Fiae equal annual installm~nts with accrued intere t thereon.
the firet of which ehall be paid on ~he first iversary date
- hereof and the last of which shall be paid o the fifth anriiversary
date hereof. Unpaid principal and accru nterest thereon may
~ be prepaid at any time aft~r J uary 1, 973 without penalty. ~
AII payments sha~l appiy first to,accrued inte a the ainder, if ny, to reduction of principal. If any installment of principal or
~ interest is not paid when due, or upon any fau in t ~forman of any of the covenants or agreements of this ~ote. or of any
instrument now or hereafter evidencing or ring ~s note or the obiigation represented hereby, the whole Indebtedness (inciuding
principal and interest) remaining unpaid, shall, at ption of the holder, becoma immediately due, payabie and collectible, and while in
default, this note and deferred interest shall bea nterest rt the rate of percent per annu~~.
Each make~ and endorser severally waives d and, protest and notice of maturity. non-payment or protest and all requirements necFS-
sary to hold each of them liable as make and endorsers. Each maker and endorser further agrees. jointly and seve~ally, to pay all
costs of collection. including reasonable attomey fees in case the principal of this note or any payment on the principal or any interest
thereon is not paid at the respective maturity thereof, or in case it becomes necessary to protect the security hereof. whether wit be
brought or noL
' TASIS, a Florida Joint Venture com--
poaed of N.A.Hardin and Harrison La
~ Development, Inc. , Bys
_ s/ I~. A. Hardin
Payable at
N. . ar
~-7TT8arriscn Land~;sea4
or such other place as shall be designated by the fiotder Attest: Develo ~lt~ IA~•
of this note in writin$. ~;S/ A. W. B@Ck Bys S/ ~G. H3YY1£#1~
Fo~M ~_~s ~ Secretary Nat Hasrfeon Jr
Preei~dent
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EXHIBIT "A"
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