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. $9,500.00 PROMISSORY NOTE January 1979 ~ ~
Stuart, F~ida •
,
' FOR VALUE RECEIV~D, the undersigned promises to
pay to the order of HAZEL A. MURPHY and RACHEL DIANE MURPHY, as
joint tenants with right of survivorship, the sum of Nine Thousand
Five Hundred Dollars ($9, 500.00) at S~,in Bank at Ft. Pierce, or 135 I~b.
15th St. ,Ft.Pieroe, Fl,a. , or such other place as the holder
hereof may desiqnate in writing, together with interest from
date at~the rate of eight and one-half (8-1/2$) percent per
annum on the unpaid balance until maturity. The said principal
and interest shall be due and.payable as follows:
~ -
~ In constant monthly installments of $100.00, commencing
~ on the day of Febru~ry,1979 , and continuing on
~ the ~2 day of each and every successive month there-
~ after, until.January a,Z , 1983, when the entire
~ principal balance, toqe~er with accrued interest, shall
~ be due and payable in full.
;
,
THIS IS A BALLOON NOTE. ~
This Note may be prepaid in full or in part at any
time and from time to time after January 1, 1980,
without penalty.
IF DEFAULT be made for thirty (30) days in the
payment of any installment of principal-or~interest or any
part thereof, the whole sum then remaining unpaid, with ,
interest, shall, at holder's option, become due and payable {
~ with notice. Failure to exercise such option shall not `
" constitute a waiver of the right to exercise the same in the :
~ ~ event of subsequent default. After maturity, both principal ;
~ and accrued interest shall bear interest at ten (10$) percent ~
~ per annum until paid. ,If this Note is ot paid at maturity
~ and the same is placed with an attorney collection, the
~ makers hereof agree to pay all costs lection, includi
all court costs and reasonab to e incl din
~
court costs and reasonable ttorn s •
~
~ ~ GE RGE . CH
~ `'o~K `302 r~;E 724 f
. ~
~ - ' t
~ R . LAYCOCK
- - , ~
~ ~
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