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INSTALLMENT NOTE NO,,,_ 2
~ZO ooo,oo
• Fort Pieroe, Florida,
MAY 16, 1980
For value reoeiv^a t Aa r~~H,ingl. p omiiua to ay without defalcation
to the order of PATR~CK B. LALLY, a s~ngle adul~, at i
the offioe of said payee in r~o1~c rxerc;e, the sum of f
TiiIENiY THOUSAND DOLLAR:;
xith interest iron date at the rate of Twelve Percent (12~) per annum,
payable as folloxs: _
Four equal annual pa enta of $5,000.00 principal commencing F
JULY 18. 1980 and on JULY 16 of the three euoeeedin~ years (1981, 19132.
and 1983)
THB SCHEDULED- PAYMENTS ON THIS NOTE DO NOT INCLUDE THE i2~ T*:Tr:i~ES~I
kIHICN IS REINQ EARNED ON THE PkI1tiCIPAL AMOUNT OF THIS NOTE. SAID ~
IN'PTAFST PAYMENTS ARE INCLUDED IN THE SCHEDULE PAYMENTS UNDER A NOTE - ~
DBSxONATfiD A3 •INSTALLMfiNT N0~1'E h0. 1• EXECUTED DETWEF.N THE SAME _
!lAKEa AND PAYBS AND OIVSN IN CONJUNCTION HEREWITH.
THIS NOTE I3 (3IVBN IN CONJUNCTION WITH A.WRAP-AROUND MORTt3AvE FROM THh
hAKEH TO THB~PAY88~ EXECUTED THS 26TH DAY OF MAY , 1980,
AND THE TERMS AND CONDITIONS OF SAID MORTCAc3E ARE INCORyORATED HEREIN
BY RSFERPSNCE.
Each inatalle~ent firRt shall be applied in payment of the interest
anQ then on the unpaid balance of the principal sum. If default is
made in the payment of ar~v installment xhen due, then, at optior. of the
payee all the remaining installments shall become due and payable at
once. Privilege is given to pay tMO or gore installments at any time.
Should it beooee neoessary to oolleot this note through an attorney.
either of us, whether oaken, surety or indorser on this note, hereby
tRrees to pay all costs of oollectlon, includin~c a reasonable attorney's
fee.
"•'he ~ekers, sureties and inciorsern hereof severs-IIy waive ares~n~r~Rnt,
protest and notice of protest for non-payment of this note and agree
that the tree of its raturity may be extended before or after maturity
and do-further severally agree to any renewal thereof before or after
naturitr, xithout notice of them.
F
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Frank A. Guerriero
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BOOKc~3 PAGf3.~~
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