HomeMy WebLinkAbout0149 - -
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INSTALLMENT N01'E - -
$ 118,750.00 - - _ Fort. Pierce, Florida
' September 19 ~ ~ 198Q
For value received we, jointly and severally,- as principal promise to pay
without defalcation to the order of RUHL W. KOBLEGARD, JR., as Trustee -
for MARJORIE L. KOBL~GARD -
at the office of Ben L. Bryan, Jr., Esq., P. O. P~ox.3230, Ft. Pierce, FL
33454, the sum of ONE HUNDRED EIGHTEEN THOUSAND, SEVEN HUNDRED FIFTY
DOLLARS, with interest from date at the .rate of twelve (12$) per cent per
annum, in yearly installments as follows: -
$16,_964.29, plus interest, on September 19 ,-1981, and
$16,9b4.29,. plus interest, on Septe er of each suc-
ceeding year thereafter until the whole sum named is fully paid. ,
Each installment first shall be -applied in payment of the interest and then-
on the unpaid balance of the principal-sum. If default is made in any pay
ment when due then, at option of the payee, all the remaining installments-.-
-shall become due and payable at once. - -
Should it become necessary to collect this note through an attorney, either
of us, whether maY.er, surety or indor-ser on this note, hereby agrees to pay:
all costs of collection, including a reasonable attorney's fee.
The makers,-sureties-anc] indorsers hereof severally waive presentment, pro-
test and notice of protest for non-payment of this note and agree that the
time of its maturity may be extended before or after maturity and do f~rthe~
severally agree to any renewal thereof before or after maturity without
notice of them. ~ -
. This note may be pre-paid at any time without .penalty, except that-no pay-
ments in excess-of 29$ shall be made during the year 1980. The sQCUrity
for this note is the land described in the mortgage, to which a,copy of-thi
note is attached, and the owners and holders of the note for themselves,
their heirs and assigns, agree that in the event of default and foreclosure
no deficiency judgment shall be claimed against-the maker of the note. -
- (Seal)
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