HomeMy WebLinkAbout2389 ' PROMISSORY NOTE j
$~?~3~ _ 51 Miami~ Floridd December 14 ~ lg ~2 3
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FOR VALUE RECEIVED the undersigned. jointly and severally. promise to PAY TO THE ORDER OF
Alto Adama •
The principal sum of N~ety five T'housand. Five hundred thirtx eight and 51/100-------
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 lawful money of the U~ited States of America, ~
as follows: `
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FiQe equal annual installments with accrued intere t thereon,~ E
the first of which ahall be paid on the first a iversary date
~ hereof a:~d the last of which shall be paid o the fifth anniversary
date hereof. Unpaid principal and accru nterest thereon may f
~ be prepaid at any time after J uary l, 973 ~rithout penalty. ~ f
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. ~AII payments shall apply first to accrued inte st. a the ainder. if ny. to reduction of principal. tf any installment of principal or a
~ interest is not paid whe~ due. or upon any fau in t rforman of any of the covenants or agreements ot this note. or of any ~
instrumen~ now or hereafter evidencing o~ s ring ~s note or the obtigation represented hereby, the whole indebtedness (i~cluding-
principal and interest) remaining unpaid, shall, at t ption of the holder, become immediately due, payable and cullectible, and while in
default. this ~ote and deferred interest shall bea nterest at the rate of 1~ percent pe~ annum. ~
Each maker and endorser sQveraly waives d and. protest and notice of maturity. aon-payment or protest and all requirements necas• '
sary to hold each of them liable as make and endorsers. Each maker and endorser further agrees, jointty and severally. to pay alt ~
costs of cotlection, including reasonable attorney fees in case the principal of this note or any payment on the principal or any i~terest
thereon is not paid at the respective maturity thereof, or in case it becomes necessary to protect the security hereof, whether suit ba
brought or noL `
TASIS, a Florida Joint Venture com- ;
posed of N.A.Hardin and sarrison Lan
~
Development, Inc. , By:
s~ 1~. A. Hardin
Payable at
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, ^ :iarrison Land ~seaq ~
or such other ~1ace as shall be designated by the holder Attest: Develop!peDt~ I=1~. .
of this note in writing. gy 3~ A. W. BeC}t Byi g~ P3t G. HdrrlSOnr~
~ FaR?, ~.~a Nat 8arrison Jr.
; Secretary
Presi~dent
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