HomeMy WebLinkAbout2945NOTE NO. 1
$299,~25
Stuart, Florida
January 30, 1981
FOR VALUE RECEIVED, VAUCLUSE HUTCHINSOra, N.V.~, a Netherlands
Antilles corporation, promises to pay to the order of GRANADA
CAPITAL, S.A.,. a Panamanian corporation,
Tin'O HUNDRED NINFTY-NINE THOUSAND
SIX HUNDRED TWENTY-FIVE DOLLARS
($299,625)
c/o SWiss Bank Corporation (Overseas), SA.Ec~ ificio
at ~~~~~~efia, ~able lvi a Mendez N10,P.0. Box'61' ~ Or at
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such other p~ace~'°as e o~ereof may designate in writing,
together with simple interest from the date hereof at the rate of
twelve per centum (12$) per annum on the unpaid balance until
maturity. The said principal shall be due and payable on January
30, 1982. Interest will be payable on January 30, 1982. This
note may be prepaid in whole or in part, at any time and from
time to time, without any penalty or any other charge. This is
one of~four notes, however, so any partial prepayment shall be
applied to the notes in the order of~maturity.
If default be made for thirty (30) days in the payment of
any installment of principal or interest or any part thereof, the
whole sum then remaininq unpaid with interest shall at holder's
optfon become due ana payable wi.thout notice. ~Failure to
exercise such option shall not constitute a waiver of the right
to exercise the same in the event of subseQUent default. After
maturity both principal and accrued interest shall bear interest
at 14 per centum (14$) per annum until paid. The makers and
endorsers of this note further waive demand, notice of non-
payment and protest. If this note is not paid at maturity and
the same is placed with an attorney for collection, the makers
and endorsers hereof agree to pay all costs of collection,
including all court costs and reasonable attorney fees. If any
payment is paid more than l0 days af ter due then, in addition to
said payment, ~he n:aker shall pay a late charge of 5$ of the
payment due or $5.00, whichever is lesS. This provision shall
not be construed to modify the default_provisions herein or the
interest due after default.
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