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. '2~
PROMISSORY NOTE ~ - -
$178, 200. 00 ~ - . ~ ~ . . ~ ",' ~•-' . Fort Pierce, Florida ~ ~t~,`
.. - - - ~ - ~ ~ • - - . - December 15 , 1980 • : ~'' :-,;
- ~ - . . . , . - . . - ,' -
~. " FOR VALUE R~CEIVED. .the undersigned, jointly. and severally - ~~-~-:;~~
~'; promise to pay to HOWARD W.~~ DUT7N and SANDRA M. DtJNN, his wife,~~ Fort ~:: _':~~'-
` ~~ Pierce, Florida, or order in ~the manner hereinafter soecified, Che -~~`"_~`:
:~., principal sum of ONE HUNDRFD:.SEVENTY-FIGHT THOUSAND ~TO NUN~RF.n A~~n :,;; ~°:=.~
,'. NO/100 DOLLARS (5178,200.00),. together with interest at the rate of ~- --.-
~ ten and one-half percent' (10 1/2'~ per annum,~ from January 2, 1981. ~~..=-l='.
: The said principal and interest~shall be uayable in law£ul-money of •~~_
. the United States of America~ at Route 3, Box 325 , Fort :-,:;, _
Pierce, Florida~ or at such other pYace as may hereafter be designated;::~;i~,.
by written notice from the holder to the_maker hereof, on t'~e date ',_ _
: and in the manner following :_ ~ '' ' ~ - ._ ~ ~ . ~ __ - 1 ~ ._ ~ -
., . _ . , ~.-_. . -., . . . --
. . . _ . _ :~;::;.,
- ' • " ' -'"t-_:_
~ . ...~ $37, 600. 00 due and payable on January 2, 1981, wiChout • ..:,~,.,„~..
' - : -. ~ interest on~ the entire principal sum until said date; ' . ~ . `,; :f_; :-
-. ~ therea~ter the entire unpaid principal balance to -_ _
. .:~ accrue interest at the rate of 10 1/2% per annum on~ ~ ~ ~_~-:: =:.~
. the unpaid balance ~ to~~ be paid as .follows : ~ ~--- _
_ . - _ . - : . : .-..:;_-
. ~ - -~ $9, 373.00 plus accrued interest due and payable on - ~ ~---= = ~ ~
.~.~r.'.:~- January 2, ~ 1982, and a' like principal sum plus . accrued =~':~,-'=::' `
.~ ~-. interest.due annually~thereafCer until January 2, 1991, -•~
, .-- ,~ ~ when the entire unpaid principal balance of $56, 243.00 .,-,-.f;".;~_.
.:_ r:
' ~ - ~ .: plus accrued~ interest'.shall be .due ~ and payable. ~ .' :' ~ ~, :. - . _ -._.,:_
. • .~ ~ " ~ . --~:~ ~~'
The indebtedness represented by this note riay not be _"•~%:
prepaid in whole or.in part prior to January 2, 1981. .'
'_. IF DEFAULT be made in the payment of any of the sums or .~~-'~~
~ : interest ' mentioned herein or . in the performance of any of the agree- ~: _=,'~=;~ ~
~~-; ments contained herein, Chen the entire principal sum and accrued .-,_::;l~;
~~interest shall be, at~the option o~ the holder hereof, at once due ~-''r~
_+ and collectible wiChout notice,'time being of the essence; and said --
principal~sum and accrued interest shall both bear interest from .'~,
- such time until paid at the highest rate allowable under the laws oL- ~"
~, the State of Florida. .Failure to exercise this option shall not -_-=_~=:
constitute a waiver of the'right to exercise the same in the event ~_ _
- of any subsequent default. :~ _ _ -_~ :
" . -•~-~: .
~~. EACH PFRSOII liable hereon whether maker or endorser, hereby ,-~_
~'.° waives presentment,~protest, notice, noCice of_protest and notice of -=~_
~, ~.dishonor and agrees to pay all costs, including a reasonable attorneys':;~:~`
.-~- fee, whether suit be brought or not, if, after maturiCy of this note, ::
-", or default hereunder, counsel.shall be employed to collect this note ~.:_,-~.
~ -~ or to protesC the securit~. ~. - - ~ ~ . ' ' ~ ~''
. . :t _ _,i ' .. . . . . _ ,. . .. -.~~:_.~
~~ ~ . ~ ~ ~ ~ -' '_ - ~' . '':' - '", ~ s/ ~Jilliam H. West F ~~,~_1~ ,
, . ~- - - ~----- = : _.- ~S--~L). .z
: . . ~ .: , _ • t~ - . . _ ~ . - : William H. Caest - ~;,.,.
',-~' . . - . - ~ - - ~ . . .' . ~ . ~- - ~ . ~ - . . . -- - -
.._. : .. . . _.-. . - . - • - - -~--
. ... . . _ . . . _ . . . , . . . • .
- ~ . . ~ ,'~ . _'~•t~.
~ . . - :. - , - - - _ . ~ s/ Nancy West (SEAL) ~ :_ .; :~ .
= ~ ~ ~ ~ .~ _~ ~ - ~lancy West ~ ~ =-=-
. -; ~
. . . . - ~. . . ~ . - -~~-
-_ ~.: ~, - ~ . . . ~ . - . --- _.
~._ ~ !.~`+^. ' ._ • _ _ - ' • ' ' ~.. ~ ~ _ VN'.1R~~,~~~ •~' ~~ - . . . ' - . ~ . i~i'~~~..i`i-~•''~
r' :!- - - • - • -l, . _ i~_ ;~:_[.r' . -
.Tt-_• - -• ~-•- _ - .• _..~' : :. . .-. - . - • -., •:.