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INSTALLMENT NOTE
$ 178,125.00 - Fort Pierce, Florida ~ .
Sev~e, mbar` 19 . 19 80
For value received we, jointly and severally, as principal promise to pay
without defalcation to the order of - LAURA LEE K. HAYES
at the office of Ben L. Bryan, Jr., Esq., P. O. Box 3230, Ft. .Pierce, FL
33454, -the sum of ~lE ~IU~lDA'm S'EVFI~!'Y
EI(~ THOI~SArID, ~ ~iIA~ 14+1FIJt'Y
FIVE - -
DOLLARS, with interest from date at the rate of twelve •(12$)•per cent per
.
annum, in yearly installments as follows: -
•$25,446.43, plus interest,. on September 19 , 1981, and
$25,446.43, plus interest, on September 19 of each suc-
t ceeding year thereafter until the whole sum named is fully paid:-.
Each installment first shall be applied inapayment of the interest and then-_
on the unpaid balance .of the principal sun. If default is made in any pay-
meet when due then, at option of the payee, all the Remaining-installments -
shall become due and payable at once. ~ - -
Should it become necessary to collect this note through an attorney, either.
of us,_whether maY.er, surety or indorser on this note, hereby agrees to pay
all costs of collection, including a reasonable attorney`s fee.
The makers, sureties and indorsers hereof-severally waive.presAntment, pro-
. test and notice of protest -for non-payment of this note and agree that the
time of its maturity-may be extended before or after naturity and do furthe
` severally agree to any renewal thereof before or after maturity without
notice of them. -
This note may be pre-paid at any time without penalty, except that no pay--
ments in excess of.29$ shall~be made during the year 1980. The security -
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)
. Richard W. Conway, Trustee
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