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$37,500.00 Fort Pierce, Florida, January r?7 , 1978
For value received, Z, we or eTitlier of us, promise to paq, Without
defalcation. to the order of FLORIDA BADIlC AT FORT PIERCE, 501 Orange Avenue,
Fort Pierce, Florids 33450, the sum of $37,500.00 with interest from date at ~
the rate of 8.75X per annum, in monthly installments as followa: $308.32
on th~5~ +~H daq of , 1978, and a like sum on the correspondiug
day of each month there ter until the whole be fully paid. ~
Each inetallmenE first sfiall be applied in payment of the interest and
then on the uapaid balance of the princiQal sum. If default is made in the
payment of any installment when due, and such default continuea 30 days, thea
at the option of the holder, and without any other notice, all the reuaainiag
installmedts shall be due and payable at once. Privilege ia given to prepay
this note in Whole or in part at any time without penalty. Neither forebearance,
aor acceptance by the holder thereof after any dafault in payments hereon, sball
be deemed extension. A late payment charge of . shall be added to
each installment remaining unpaid 7 days after ita dwe date, and a lilce sua
shall be added to each euch installment remaining unpaid 7 days after each
succeeding payment date. ~
Each maker, surety and endozser hereof, jointly and severe2ly, waives
demand, presentment protest and notice of prote'st for nonpayment, and further '
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agrees to any extension of time of payment, either before or after maturfty,
Without notice to any of us; and to pay all costs of collection, including a
reasonable attotney's fee in the event of nny default hereunder, and hereby ;
~ severally waives all benefit of homestead and exemption under the constitutioa
and laWS of each State of the United States, as againet this obligation er ~
any extension or rene~+al hereof .
Witaesa the hand and seal of each party.
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(SEAL} _
JOHN ~
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I" C.D~dYC/ (SEAI:) a
ROBERT P. OOOK ? -
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