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3
• 7
PROMISSORY NOTE
' ~ Fayetteville i
N. c.
t _ ~_49QxQQ-------- May--~-~----------• L!- s
FOR VALUE RYCBIYED the andetslLael, loiatly and severally. promise b pal to
WALTER K. BRIDGES and wife, BETTY S. BRIDGES 1
i
or ordct, I
the vrlnelpal sum of _..____________TWENTY THOUSAND AND NO/ 100------------ s t
uoLLARS X0000.00 w1W laterest from date . at the tit! et I2p
pcr cent per sanam oa the unpaid balance until paid er ueW defaurt, koW principal asd interest payable In lawtal money et the Ualted States, at j
E
t
the office et f
------------------------------------------------------------^--------f
or at such ether place as the real koldtr hereof may dtsl~natt in wdtln~. It Is understood and atreed that additional amoaats racy he advanced by
the holder aereot as provided In the tasttussents, U atty. setaria~ tats ante and such advances wW be added to We priaeiyal o[ tats note Gerd wW
accrue interest at tae abere speeltied rate of laterest frem tae date et advance anW pall. cite prluelpal aei Interest s1ia11 ere due and payable as
toLows:
i
Payable in monthly installments of 5400.00 per month, the first such installment
to become due on the !st day of June, 1980, and a like amount on the same day of
each consecutive calendar month thereafter until prir.~ipal and interest are paid
in full.
Payment may be made in fu71 at anytime without penalty.
In tae treat of detaalt la payment of any lnstaUmeat of ptinefpal or Interest hereof er detaalt under tae terms of any tnstroment steurrnG
this note, and it tat detaalt fs not made food wltkla effecter (LS) days, the Golder may, wiWoat notice, declare tae remainder of w. '!bt at once
aue and payable. Failure to exerdse ihls opUoa wall Get ew.;.itate a waiter of tae rlGkt to exeretse4tae acme at any ether tiaae. Th. ,rrineipal of
this note Gad Gay part tkereot, and aeenN interest, U any. alail tear Interest at tae rate ot____ ~ 2~ __pcr cent per annum after defaart FtntU paid.
AL partite to tats note, whether prlaeipal, surety, ~aarantor or endorsers, hereby walre preseatmeut for payment, demand, protest and netiee
o! dishonor, Gad all deteeses on tae Groaad of ezttaslon of tlme for tae Dayment heteot, which may be blrea by eke herder of the aete to them er
either et them, or N anyone who has assumed tae paymtat of this cote.
Upon detaalt the holder o! thh note may tmpley as attorney to enforce eke holder's tithes Gad rtmedles Gad the matter, principal, surety,
ruarantor and endorsers of tkis note heresy atree to pay t• the holder the ram et tltteen (1Syfr) per cent et eke oatataadint balance owing en said
no[e for reasonable attorneys' fees. plus aU other reasonable tzpeuses iaeurred by tae Golder la ezerclsiat an7 et tkt herder's dthts and remedies
upon defaalL
This Dote is to be toverned and construed V aeeerdance with tae laws ~ tae State of North Cuollna.
This note is Given and Is seeared by a
f
which is a f I f 5t__ Ilea upon the property tkereia described. The prorislons of all seeaNty mstnmcnts seearint tai: aote are IneorporateO
herein by tetuenee.
~ iN TESTIMONY NNEREOF, each corporate maker his caused this IN ?ESTIYONY WFFEREOF. each lndiridoal maker kas heremto set
his hand Gad adopted as his seal eke word °bEAL" appearint Istside kls
name, this day and year tlrst a?ore wrfttea.
'r instrument to De a:ecnted In its corporate name q l4________________ ^
----------President. attested by its------------------------------ r
5.rrrtary, and its corporate seal to be hereto att~ed, all 1 order of % ~-+_1.
g us Hoard of Directors first duly Given, this day and year lint above ` + ~ "L~ _____(SEAL)
wrLLtrn.
I DON R. BROOt1~,
r
(corporate Name) ' . ~ '
n,: GAIL BROOME _
e _ _ _ _ _ President ~ '
s
ATTEST:
-------•------------------•------------(6CA
----------------------Eeerttaq (Corporate ieal) ------------------------------/-~----~--------------------------(SCAL)
- ~Q7~/~
(Corporate Name)
---(SEAL.) }
r„ 1980 .lll~! -9 P!! ~ 30
y rrrsldent i
ILEO~tNGFfCWi O --------------(SEAL1
ATTFtiT: ~D(; R RA 8
- - - - ~F.~atclaculTc
°f Rtrrrtary (Corpo?ate heal) RECOR!! VERIFlE~_~~_________(sewL)
-/M-~A/ i
r' lt~r Aas~~r. Form lvo t 117i a~.ll/ Psf?L~~
~ ~ ~V/VV+++~~~ wVC Sri
~ - ~ _