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:330,000.00 January 1980
FOR VALUE RECEIVED, the undersigned, 3ointly and severally,. PROMISE
TO PAY to the order of R. JAMES ERSKINE, III, at
e pr nc pa sumo ,
WITHOUT INTEREST, to be due and payable on or before March 1980.
If default be made for ten (10) days. in the payment of principal,
the whole sum then remaining unpaid shall at holder's option become due
and payable without 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, principal shall bear interest at
eighteen (18x) percent per annum until paid.
The makers, sureties, endorsers and guarantors of this note, hereby
severally waive presentment for payment, notice of non-payment, protest
and notice of protest, and diligence of bringing suit against arty party
hereto, and consent that time of pa ment may be extended without notice
thereto to arty of the sureties of this note.
Should it become necessary to collect this note through an attorney,
each of us , whether maker, .surety or endorser, hereby agree to pay al l
costs of said collection, including reasonable attorneys' fees and costs
of appeal, whether suit be brought or not.
The holder hereof is hereby expressly authors zed to retain any general
or special deposit, collateral, real or personal security, or the proceeds
rthereof, belonging to any of us, now or hereafter in the possession of the
holder during the time this note remains unpaid, and before or after maturity
hereof may apply the same to this note or any other debt or liabilities of
any of us to hatder, due or to become due.
_ THE PINES OF FORT PIERCE OEYELOPHENT
CORPORATION, a Florida corporation
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Tts : rest nt Sro( 1
Attest:
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