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s~'~~•~ Fort Pierte, Florida Noveatber 22 =,_,.19~.5_ .
For value received, I, we or either of us, promise to pay without defalcation, to the order of _
DOCK PHILC.IPS ~ -
at 350 Jolu~son S~,,,_~ Ft Pier~~ FleYida
tfie sum of ?HOUSAI~D SSVBN~N
„MD,j~p ar~d na~100 - - - - pp~~qRS
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with i~terest ftom date at the rote of 10 96 per annum, in the manner following: - -
4otithly - , "
instaliments shai) be $83.33 Decoeb~= 22 19~5 ~ and a like sum on the correspond-
ing dayoof each like succeeding~~Atb thereafter uNil the whde sum shatl be fuHy paid with interest at _
96 on the unpaid sums from time to time owing.
(Gra~ting option b the promisor the right of prepayment without penalty, and option to promise to add)
interest cfiarges on all sums in default. - _
Each instaliment first shall be apptied 'm payment of the interest and tfien on the unpaid balance of the principat
sum. If defa~uit. is made in ihe payment o# any tnstallment when due, lhen at the option of the holde~, ~nd with- -
out any other notioe, all the remaining installments shalt .be due and payaWe at once. ~rivilege is given.to.pay two
or more instattments at any instaliment maturity date~ but this shall not extend the time of matu~ity of any sub-
sequent insta(tment. Neither forebearance, nor aaeptance by the holder hereof aNe~ any default in any payment,
hereon shall be deemed extension. ~ -
Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment, prptest and notice of
. prot~st for non-pnyment and forther agrees to any_ extension of time of payment, either ~fore or after maturiiy,
!~citFwvt, ,notice to any of us; and to pay a!I oosts-of~cnllection, including a reasonable- attotney's fee in the event
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'~pf~my de H fiereunder, and hereby severalfy waives all benefit of homestead and exemptior: under tiie toiistitu-
~~•an~~l ,~f°each State of the United States, as against this obligation or any extension of~ren~val.~sereof.. -
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~ V~oeis~fhe~~he~ and seal of each party. •
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