HomeMy WebLinkAbout1473 51)2'7'7'7
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$13,500.00 Fort Pierce, Florida, September , 1980 ~j°~ ~
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FOR VALUE RECEIVED, the undersigned, jointly and
severally, promise to pay to the order of ASHTON~UTILITIES,
INC., at 1301 Angle Road, Fort Pierce, Florida 33450, or at
such other place within the United States of America which
the holder hereof may designate in writing to the undersigned,
the sum of THIRTEEN THOUSAND FIVE HUNDRED i~LLARS ($13,500.00)
in installments as follows: Sixty (60) consecutive monthly
installments in the amount of TWO HUNDRED NINETY-THREE AND
55/100 DOLLARS ($293.55) each, due and vayable on the f0~
day of each calendar month hereafter, commencing GC"t' / y~V
1980, together with interest on the unpaid balance hereof from
the date hereof at the rate of eleven percent (11$) per annum
payable monthly on the same dates installments of principal are
due.
If any one or more of the following events should
happen: There should be a default in the payment of interest
or an installment of principal due hereunder, or any party hereto
should make an assignment for the benefit of his creditors, or
attachment or garnishment proceedings should be commenced, or
a judgment be entered against any party to this note, or a
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~ receiver be appointed over any property of any party hereto,
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~ or proceedings be instituted by or against any party hereto
~ under the Bankruptcy Act, as amended, the holder hereof may, at
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his option, without notice or demand, declare this note immediately
due and payable. After the maturity of this note, whether by
acceleration or otherwise, it shall bear interest at the highest
legal rate.
The holder hereof may, without notice and without
releasing the liability of any party hereto, grant extensions
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or renewals hereof from time to time. and for any term or terms,
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~ add or release one or more parties hereto, acquire additional
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8~34Q ~~Ei473
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