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M011TOA0[ MOTt 11AMC0 /011M p
s9,500.00 ~ ~ Fort Pierce
, Florida
- February 13 .1978
FOR VALUE RECEIVED, the uodenigned, (jointly and sereraUy, it more than one) promitei to pay toNORMAN
ZLINKOFF and ESTHER 2LINKOFF~ his wife
, ar order. in tht rttanner hereina(ter apecified.
~n~ p~~~ a~ ~ NINE THOUSAND FIVE HUNDRED AND NO/100----------------/t00 DoI.LARS ~
s9 , 500 . 00 ) ~e~canco~ic~m~cac xx.~~c~pcx~nucxic~x~xac~c
1~~~ ~id Pr~nc~M~ YdL7~[~ift ~haA be parabk in law[nl moeey of the L'nited States o( America at 1814 Erwin Road -
Port .St. Lucie. or at such place a~ may h~r~aft~r be dcsignated br written notece lrom t6e holde~ to the makrr hereof~ on
1« daie and in the manner fottowins: •
$3,000.00 of the principal balance reflected by this note shall be paid to
seller upon second draw of the construction loan referred to in the contract
for purchase and sale between the parties herein~ or within sixty (60) days
of the notice of commencement with regard to said constructior~, whichever
occurs first. The principal balance of this note shall be payable on the last
draw of said construction loan, or within six (6) months of the date of the
purchase money mortgage securing this note, whichever occurs sooner. This note
shal2 not bear ititerest.
This note may be prepaid in whole nr part at any time without penalty.
Thia note ib]p~lQltltt is xcu~ed by a awrtgage on nal estste~ of cven dat~ hcrcwith. made by the maker hereof in favor of the uid
,ayce~ and ~hall be corutrved and m(orced accordins to the laws oI the State of Fbrida. The terau ot aid mortsage ue bp thit refcrrnce
<<~de a pan 6ercot.
If dcfault be made in thepa yu~ent o[ anr of the aumt or iatcreu raeotancd 6erein or ia a+~id mortgsge, or in the performance oE
~n.~ ot the a~recmcna contaioed heteia or in aaid mortsa6e, then t6e entire principal ium and accrued intemt ihall at the option of the
,nider ~ereof become at once due aad rnlkcnbk wit6out twtice. time ixin~ o( tbe aunce; and taid priacipal su
.na11 both beu interc~t lrom such time until paid st tbe biabest rate tUowabk uader the lavn o[ thc State of Fbrida. Failure to ezerciu
:h:i c?ption abali nut comtitute a nraiver ot the nght to eae~cue the same in the event o( anr wbuqueat detault.
Eac!? pcnon Gabk hercon whcther mater or endoner~ hereby v+aivei presentmeot, prote~t, notict notice o[ proteit and notice o( dir
:~ot~cr and agrea w pay all cosb, induding a rca~onabk atwrney'~ [ee. whether wit be brought or not, i~, :lter matunty of this not~ or de(ault
r,rreunder, or undcr uid mortaage, counul ~hall be cmpbped to colkct this notc or w protect the secwicy of said a?ortRaae.
1Nhenevcr uxd herein thc ternu "holder", "make~" aad "payec" shall be construed in t6e sin~ulu or piura) u the context may
r• yu~r~ or admit.
Makei s Add«u .MADSF.DT...BIIILDERS----INC------~-------------------------------ts~[.)
BX.:.........--~~-- --(s~~i.~
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RICHARD MADSEN, president.~
_ _ , .tsF.~L~
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8~282 P~~ 35~
RICNAIID O. i~lEEO. JII. I.A • AROIIIiEY AT tAW • 700 YNtQINtA AYENUE SUITE /02 • FOIIT MEIICE. FLOItlOA ~]~60 -(70q ~2i~p
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