HomeMy WebLinkAbout0766 $240,000.00 November 30, 1977
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~ FOR VALUE RECEiYED, the cmdersigned promises Lo pay to the orde~ of
R. E. ROBIN50N; EDNA JEAN ROBINSON; and WlLLIAM EAGLESON and HELEN
EAGi,FSON, his wife, the sum of TWO HUNDRED FORTY THOUSAND and 00/!00
' ($240,000.00) DOLLARS, togethec with ac~rued interest thereon from Novembec
30, 1977, at the rate of eight (8916~) per cent per artnum on the unpaid principal
. balance, payable as followss
The interest or the owneirship of R. E. ROBINSON in this note is Eighty
Thousand and 00/100 ($8Q,000.00) Dollacs. The interest or the ownership of EDNA
JEAN ROBINSON in this note is Eighty Thousand and 00/100 ($80,000.00) Dollars.
The intecest or the ownership oi WILI.IAM EAGLESON and HELEN EAGLESON, his
wife, in this note is Eighty Thousand'and 00/!00 ($80,000.00) Doliacs. The principa!
and interest payments shaU be paid each year to each payee in sepa~ate payments
in the same proportion as each pay~e's inte~est or ownership in the said note.
Beginning November 30, 1978, and continuing on the 30th day of each
November thereafter, interest shall be paid annually until this note is
paid in full.
Principal shall be payable in ten (10) equal annual instal[ments of
Twenty-Four Thousand and 00/100 ($24,000.00) Doliars commencing
November 30, 1978, and on the 30th day of Novembec each year
~ thereaftec untit Novembec 30, 1987, when ihe principal balance then
remaining unpaid shal! be paid in full. ~
This note is prepayable in whole or in part at any time and from time to
time without penalty or premium. Any such prepayments shall be
ccedited to the future _ installments under the terms of this note in
inverse order of matucity.
Holders acknowtedge that R. E. ROBINSON, Trustee, is indebted to THOMAS
J. GEIGER, Realtor, in the amount of Fifteen Thousand and 00/100 ($15,000.00)
Dotlars, as evidenced by promis.wry note irom R. E. ROBINSON, Trustee to said
THOMAS J. GEIGER, Realtor, a copy of which is attached hereto as Exhibit "A".
Holders hereby authorize m~?kec hereof to pay directly to THOMAS J. GE[GER,
Realtbr, any monies due under the terms of said promissory note from R. E.
RQBINSON, Trustee to THQMAS J. GEIGER, Realto~, and any such sums paid by
maker hereof pursuant to the terms of said promissory nvt~, io THO~?iRS
GEIGER, Realtor, shall be d~emed paid to Holders pursuant to the terms of this
note as though maker hereof had paid said monies directly to Holders.
The Holders heceof agree not to seek a deficiency judgment against the
undersigned on his promise to pay the principal and interest as above provided, and
agrees that ihe collection of the indebtedness evidenced by this note wilt be
enforced solely against the real property desc~ibed in the mortgage which secures
this note, but nothing hecein shall prejudice or prevent the Holders of this note
from pursuing any of their rights and remedies with respect to any security given
for the payment of the indebtedness, all of which rights and remedies are expressly
reserved by the holders of this note.
The maker and endorser and guarantors of this note further severally waive
demand, notice of non-payment, presentment for payment, protest, notice of .
protest and notice of extension of time of payment and consent that the payment
of any installment of p~incipal and interest may be extended without notice, and in
case suit shall be brought for the collection hereof, or the same has to be collected
upon demand of an attorney, to pay reasonable attorneys' fees for making sucF~
collection.
- EXHtBlT
S~tiK ~ t O PArE ~6Q
LAW OFFtCE4 OF itIMES,GREATON, MURPNY AMD BATGHELOER, P.O. 90X 9027, FORT LAUOEF1DAlE, F~ORIOA 33310
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