HomeMy WebLinkAbout0970 ...o.,~,,,_,.,,,,,,~•. --1
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$225,000.00 Port St. Lucie, Florida - .
Februarv r.0 , 1 aA4
FOR VALUS RECEIV~U, the unders~cned. jointly and severally PR~MIS~
TO PAY to the order of Golf Course Contractors of FLorida, Inc..
Two Hundred Twenty-Five Thousand and t~o/104 (S225•000.00) Dollars
at l14 N. Naranja Ave., ~~~rt 5t. Lucie, Florida 33452, or such
other place a~ the holder r~preof may desiqnate.in writina. This
Note shall be payable in the rollowinq manr_er: -
1. All monies dve under this note shall bear interest
at the rate of 12$ per annurr= from the date incurred until the date
paid, .
J ~ 2. Within sixty days after tAe execution of this note,
the principal sum of S25,UOC.OQ and all accumulated interest due
until such payment is made shall be paid. _
3. Thereaft~r, int~erest onlv shall be payable,monthly
on the outstandinq balance until January 1, 19A5, and the
additional principal sum of. S50,C00.00 shall be paid on or before
January l, 1985.
9. Thereafter, monthly payments in the sum_ of 52,152.10
shall be paid inciudinq intere~t as herein ~et forth for a period
of five years, whereupon thc, entire balance of outstandinq
indebtedness and accumulated interest hereon shall be fully due
and payable.
5. Notwithstanc~in4 anythinq herein eontained to the
contrary, the Maker reserve~ the riqht to prepay all or any
portion of this indebtedness at any time without penalty.
If default be made for 30 davs in thP pavment as hereinabave
required, then interest ;~hali thereafter be charqeable and
collecti.ble at the rate cf '1'~~elve t 12~ ) K+ercent per annum and
shall forth~aith become fuliv due and payable without notice.
Failure to exercise svch ontion sh~ll not constitute a waiver of
the right to exercise the same in th~ event of subse4uent default.
The Makers furth~r. wai~•e ~i~n~.-,n:i, notice ~t- n~npayment and protest.
If this Note is not paid at ~~aturit-~ an+.~ tr,e same is placed with
an attorney for callect ior. th~~ ~sakers hereby aqree to pay al l
costs of collection ir:clucit:a al? court. cc~sts and reasonable
F attornev's fees.
~ ~
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~ .J• 3-~ ~ _
Roqer Tayl~
ST1~TE OF FL~RIDA
U COUNTY OF ST. LUCIE
Before me a Nottirv ~uhlic in and for said State ano
County personally appearc,t.i !?ocer L. Taylor, whn beir.4 dulv swern
accordinq to law depose anc? say that he executed the foreqoinq
Note for the purposes therein set forth and for the purt~os~ of
causinq the same to be recorded and filed as such.
Sworn to and subscribed bpfore me on this the~ day
of February, 1984. .
(Seal) Not ry Yub ic
. My Comrr?ission Expires:
IretnryrPi~Dhc. Fku~Q~ Sta1e at Largr
~ Commissw~ E:pues Ap~d "l~+ 1 °R'.
AQ~11~u ~C(k:o Inwr.?rltr Ay_.~r~• ~
sa~ 424 P~ 969