HomeMy WebLinkAbout0152 _ _ _
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INSTALLMENT NOTE
$178,125.00 - ~ Fort Pierce, Florida '
September 19 1980
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For value received we, jointly and severally, as principal,promise to pay
without defalcation to the order~o~ WENDELL MAY K. BISHOP.
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at the office of Ben L. Bryan, Jr., Esq., P. O. Box 3230, Ft. Pierce, FL ~
33459, the sum of ONE .HUNDRED SEVENTY-EIGHT THOUSAND, `ONE Z4~NI'Y--FIVE -
DOLLARS, with interest from date at the rate_of•-twelve (12$) per cent per
annum, in yearly installments as follows: - -
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_ $25,446.43, plus interest, on September 19 , 1981, and
-$25,446:43, plus interest, on Sep er of each suc-
ceeding.year-thereafter until the whole sum-named is fully paid.
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j Each installment first shall be applied in payment of the interest and then-
on the unpaid balance of_the principal sum. If default is made -in any pay-
~ ment when due then, at option of the .payee, all the remaining i-nstallments.
4 shall become due and payable at once. - _
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Should it become necessary to collect this•note through -an attorney, either
of us, whether maker, surety or indorser on this note, hereby agrees to pay
all costs of collection, including a reasonable attorney's fee: _ -
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The--makers, sureties and indorsers hereof severally waive presentment, pro-
test and notice of protest for non-payment.of this note and agree that the
time of its maturity may be extended before or after maturity and do.futthe `
severally agree to any renewal thereof before or after maturity without
notice of them. -
This note-may be pre-paid at any time without penalty, except that no pay-
` ments in excess of 29$ 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 holders of the note for- themselves,
their heirs and assigns, agree that in the event of default and foreclosur-~-
# no deficiency judgment shall be claimed against the maker of the note.
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(Seal)
Richard W. Conway, Trustee
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