HomeMy WebLinkAbout2946NOTE NO. 2
$299,625
Stuart, Florida
January 30. 1981
FOR VALUE RECEIVED, VAUCLUSE HUTCKINSON, N.V., a Netherlands
Antilles corporation, promises to pay to the order of GRANADA
CAPITAL, S.A., a Panamanian corporation,
TWO HUNDRED NI~ETY-NINE THOUSAND
' ~ SIX HUNDRED TWENTY-FIVE DOLLARS
($299,625)
c/o SWiss Bank Corpo~ation (Oversea$), SA. Edificio Inter.seco,
Cable Elvira Mendez 10, P. O. Box 62
at Panama 9A, Republic of Panama , Or at
suc~ other place as fhe ~oI-c~er dereot may aes~gnate in writing,
together with simple interest from the date hereof at the rate of
twelve per centum (12$) per annum on the unpaid balance until
maturity. The said principal shall be due and payable on January
30, 1983. Interest will be payable annually beginning January~
30, 1982. This note may be prepaid in whole or ~in part, at any
time and from time to time, without any penalty or_any other
charge. This is one of four notes, however, so any partial
prepayment shall be applied to the notes in the order of
maturity. ' ~
If default be made for thirty (30) days in the payment of
any installment of principal or interest or any part thereof, the
whole sum then remaining unpaid with interest shall at holder's
option become due and payable without notice. Failure to
exercise such option shall not constitute a waiver of the right
to exercise the same in.the event of subsequent default. After
maturity both principal and accrued interest shall bear interest
at 14 per centum (14$) 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 coZlection, 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 10 days after due then, in addition to
said payment, the maker shall pay a late charge of 5$ of the
payment due or $5.00, whichever is less. This~provision_sha11
not be construed to modify the default provisions herein or the
interest due af ter default.
VA
By
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