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MIAMI, FLORIDA, APRIL 23, 1985
FOR VALUB RI3CSIVRD ~the un~iersigned promises to pay .
to the order af R. LIAYD VO~ICICX
the principal sum of ONE HUNDRED FOURTESN THOUSAND FIV$ flUNDRED
AND NO/100 ($114,500.00) DOLLARS, toqether with interest thereon
from date, at the xate of twelve per cent (12$), per annum
until maturity, said interest being payable annually, on the
23rd day of APRIL, 1986 and on the 23rd day of APRIL, 1987.
Commencing APRIL 23, 1988, Principal and Interest shall be
payable in annual inBtallments of $25,089.00 each
on the 23rd day of APRIL, 1988, and on the 23rd day of APRIL,~
1989. On APRIL 23, 1990, the remaininq principal and all accrued
interest shall be due and payable. This Note may be prepaid ~
in whole' or in part at the option of the maker without payment ~
of penalty or bonus. i
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Each installment payment shall be credited first on
the interest then due; and the remainder on principal; and
interest shall thereupon cease upon the principal so credited.
Principal and Interest shall be payable in lawful money
of the United States at 2210 Old Dixie Highway
Ft. Pierce, FL 33450
The maker of this Note shall have no personal liability
for the indebtedness outstanding from time to time evidenced
~ by this Note. Accozdinqly, this Note is executed by the maker ~ ~
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~ solely to create the security interest hereby created, it being ~
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~ understood that the Note is payable only out of the property
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~ described in the Mortqage securing same. No personal liability
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~ shall be asserted, or be enforceable against the maker because
~ of, or in respect of, this Note, or the making, issuance or
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~ transfer hereof, all such liability, if any, beinq expressly
waived by the holder.
Each maker and endorser severally waives demand, pro-
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> test and notices of maturity, non-payment or protest and all
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~ requirements necessary to hold each of them liable as makers
~ and endorsers.
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