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INSTALLMENT NOTE
$ 178,125.00 - .Fort Pierce,. Florida -
- ~ - September 19 - 1980
For value received we, jointly_ and severally, as'~ princirpal promise -to pay
without defalcation to the order of MARY ANN KOBLEOARD BRYAN
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at the office of Ben L. Bryan, Jr., Esq., P. O. Box 3230, Ft. Pierce, FL
3 3 4 5 4 , the sum o f O[~ SEVFNll'SC
EIC~T Tf~1SAt+ID, H[~1DR'Ep Ti~l'1'Y
FIVE-
, DOLLARS, with interest from date at the rate of twelve (12$) per cent per
annum, in yearly installments as follows: -
$25.446.42, plus interest, on .September 19 , 1981, and
$25,446.43, plus interest, on September 19 - of each~suc-
ceeding year thereafter until a whole sum named is fully paid. •
Each installment first shall be applied in payment of the interest and then--
; on the unpaid balance of the principal sum. If defanl_t is made in any pay-
` ment when due then, at option of the payee, all the remaining installments
• shall become due and ,payable at once.
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Should it become necessary to collect this note through an attorney, either
of us, whether maker, surety or indorser~on this note, hereby agrees to pay
all cysts of c-ollection, including a reasonable a~~orney's.fee. -
' The makers, sureties and indorsers hereof severally waive presentment, pro-
• test and:notice of protest for non-payment of this note and agree that the-
' time of its•inaturty may be`extended before or after maturity and do further
~ severally agree to-any renewal thereof before or after- maturity without
notice of them..
This note-may be pre-paid at any time without penalty, except that-no pay-
, ments in excess of 29$ shall be made during the-year-1980. -The security
for this note is the land described in the mortgage, to which a copy of this
note-is attached, and the owners and hplders 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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