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1 INSTALLDIENT NOTE
$24,600.00 March 1, 1980
Fort Pierce,
Florida
FOR VALUE RECEIVED, the undersigned promise to pay to the
order of BILLY E. BURNS and ELIZABETH B. BURNS, his wife, the
principal sum of T~9ENTY FOUR THOUSAND AND SIX HUNDRED ($29,600.00)
DOLLARS and NO CENTS, together with interest thereon from date at
the rate of TWELVE (12) PER CENT per annum until maturity, both
interest and principal being payable in lawful money of the United
States or its equivalent, at 513 Superior Place, West Palm Beach,
Florida, said principal sum and interest to be payable on the dates
and in the amounts specified below, to-wit: .
EIGHT THOUSAND TWO HUNDRED DOLLARS ($8,200.00) plus
accrued interest on November 30, 1980.
EIGHT THOUSAND TWO HUNDRED DOLLARS ($8,200.00) plus
accrued interest on November 30, 1981.
EIGHT THOUSAND TWO HUNDRED DOLLARS ($8,200.00) plus
accrued interest on November 30, 1982.
I No prepayment of this note is permitted during 1980. Pre-
payment in whole, not in part, is permitted thereafter.
~ Each maker .and endorser severally waives demand, protest.
} and notice of maturity, nonpayment or protest and all requirements
necessary to hold each of them liable as makers and endorsers.
Should it become necessary to collect this note through an
attorney, each maker and endorser, jointly and severally, hereby
agrees to pay all costs of collection and a reasonable fee for the
services to be performed by any attorney in behalf of the holder
of this note, whether suit be brought or not, plus additional fees
and costs with regard to any appellate proceedings instituted in
connection therewith.
h's not an def rred interest a ents and or an a ments
Ti a ci a pym / ypy
hereunder shall bear interest at the highest rate of interest allow-
able under the law of the State of Florida without same being usuri-
~ ous, per annum from due date until paid.
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f This note is secured by a Real Estate 24ortgage of even date
herewith and is to be construed and enforced according to the laws
of the State of Florida. Upon default in the payment of principal
and/or interest due on any note secured by said Real Estate Piortgage,
all notes sv secured and the remaining unpaid balance thereof shall
forthwith become due and payable notwithstanding their tenor.
C~iARLES R. O' DONOVIIN, JR. KATfiERINE J. O' DONOVAN
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