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December 20,
14 80
T'hirty Seven Months noxt after date, for value received~
the undersigned (jointly and sevcrally if more thaa onc) pcomisa to pay to the order of Bailey Income
Properties, Inc., a Florida Corporation,
Nott No. ONE S 5, 900.00
at ~° Attorney John A. Friedman, Bayview Bldg.; 1040 Bayview Dr.
Fort Lauderdale, Florida 33304 ~
~ir any place designated ia writing by the holder herwf.
FIFTY NINE HU1~iDRED
Dollars
with interest ac the rate of 7 perunt per annum from Deeember 20, 1980 uaW fully paid. Interut payabk
annually. ~
Deferred interest payments to bcar interest from maturity at _ 7 percent per annum, payabie on demaad.
in tl~e event this note is placed in the hands of an attorney tor coitection, ot in case ths holder shsil become a puty either as
plaintiff or u detendant in any suit or legat proceeding ia relation to tht propetty describod ot the lien ereated in the mo[tgage se•
curing payment of this indebtedness or tor the recovery or ptotection ot uid iodebtednus. the maker hereof will repay on demand
all costs and expense ar:sing therefrom, including reuonable auorney's fees. with interut theteon at the rate of ten perctat per
annum until paid.
The makers, indo~sen and 6uaranton hereof and all othen who may become liable for a8 or any part ot this obligation severdly
waive presentment [or payment. protut, aad naice of protut and ot non-payment, ac~d conseat to any number o[ renewals or
extensions of tinx of payment hereof. Any such reaewals or extensions may be made without notice to aay ot said putia aqd
without af[tcting their liability.
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Tomlock Groves, Ltd., a
Florida Limited Partnership
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(Seal)
Robert F. Bailey, Sr. ~~~~
General Partn2r
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