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• ~ INSTALhMENT NOTE
$ 311,125.00 Fort Pierce, Florida
- September 19 1980
For value received we, jointly and severally, as principal~~promise to pay
without defalcation to the order of RUHL W. KOBLEGARD
at the office of Ben L. Bryan, Jr., Esq.; p.~ O..Bo~ 3230 Ft. Pierce, FL
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33454,-the sum of THREE HUNDRED~E~,EVEN-THOUSAND, ONE HUNDRED TWENTY FIVE
- DOLLARS, with interest from date at the rate of twelve (12$) per cent per
annum, in-yeax'ly. installments. as followss -
$44,446.42, plus interest, on September 19 , 1981, and _
_ $44,446.42, plus interest on ep a er of each suc- -
ceeding year thereafter until the whole sum named is fully'paiYl. .
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Each installment firS,t shall be applied in payment of the interest and then_
~ ~~on the unpaid-balance of the principal sum. If default is made in any pay--
i - ment when due then, at option of the .payee, all the remaining installments
shall become due and payable at once. _
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Should it=become necessary to collect this note through an attorney, either
of us, whether maker, surety or indorser on this note, hereby agrees to pay -
all costs of collection, including a reasonable attorney's fee. i
The makers, sureties and indorsers hereof severally waive presentment, pro- "
test and notice of protest; for non-payment of this note and agree that the
time of its maturity may be extended before or after maturity and do further-
- severally agr-eE, to any renewal thereof before br after maturity without
notice of them. - - _
This note may be-pre=paid at-any-time without penalty,.except that no pay-
ments in excess of 29$ 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 foreclosure
~ no deficiency judgment shall be claimed against the maker of the note.
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~ Richard W." Conway, Trustee - ~ _
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