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property, is~junior, inlerlor and euboxdinate to the Plaintiff'e
liens, and aaid Defendant shall take nothinq by way ot its
counterclaim; provi8ed, however, that the interest claimed by SExTON-
. ;
TALB~RT PRODUCTS CO. in crops on the subject properties which have ~
-
become growina crope in the production seasons of 1975 and 1976,
,
r-espectively,~is euper#or to that of the Plaintiff in said crops.
9_. There are presently due and owing to the Plaintiff the ~
_ . - ~
followinq sums of money: i~
A. As to "Note 1" in original principal ~
_ amount of $1361000.00 - -
~
-(a) Outstanding principal balance S 90,500.00
(b) Accrued interest thereon at
-the rate oP 6~ per annum from
June 1, 1975 through May 31, ' ~
1976 ~ - 5,430.00
(c)~ Accrued interest at the default ;
rate of 88 per- annum from June 1, . t
1976 to September 23, 1976 on past {
due payment of $9,100.00 principal :
and 55,430.00 interest 361.64 - ~
~ (d~ Accrued intereat on $8?~,400.00
j principal at the rate of 6$ per ~ ~
; annum from June 1, 1976 to `
~ September 23, 19~6 1,519.47
(e) Accrued interest at the default
i ~ icate of 88 per annum fraa September
I 23, 1976 throuqh December 31, ~
I 1976 , on full amount due :
; (per diem $21.66) 2,144.17 i
, -
i "Note 1" SUBTOTAL 99,955.28
; B. As to "Note 2" in original principal `
f ag~ount of $4~,000.00
i .
f (a) Outstandinq principal balance 23,000.00
~ (b) Accrued interest thereon at ~
, the rate of 6-3/4$ per annum -
~ from June 1, 1375 through
{ . May 31, 1976 1,552.50
~ (c) Accrued interest at the default
~ rate of 8$ per annum from June l,
~ 1976 to September 23, 1976 on `
~
~ ~ past due payment of $3,000.00 ~
~ -principal and $1,552.50 interest 113.31 `
, (d~ Accrued intereBt or? $20,000.00
~ principal at the rate of 6 3/4$ _
per annwa fro~n June 1, 19 76 to
f September 23, 1976 420.00
! (e) Accrued interest at the default
; rate ot 8$ per annum from
' - September 23, 1976 through
. December 31, 1976 on full amount
~ due (per diem $5.55) 549.43
_ "Note 2" SUBTOTAL -25,635.24
C. As to "Note 3" in original principal
amount of $146,700.00
(a) Outstandins~ principal balance 97,700.00
(b) Accrued interest thereon at the .
rate of 6$ per annum frrna June 1,
1975 throuqh May 31, 1976 5,66Z.00 .
~(c) Accrued interest at the default
rate of S$ per annum from June 1,
~ 1976 to September 23, 1976 on
past due payment of $9, 800.00
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