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PROMISSDRY NOTE
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~125?~v0.t~t~ ' Date: D~cember 16, 19~7
8azeman, Mantana
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FOR VALUE RECEIVED, the undersigned, jaintly and
--=severalty, pramise to pay to thc~ arder af GERALD G. WINO,
INC.~ a Mantana C+arporatian, the sum of ONE NUNDRED TWENTY- -
FIVE THOUSAMD AND NO/.14t7 AOLLARS t~125~,000.00), together with
inter~st therear~ at the rate af Ten percent t14%) per annum
from the date hereof until paid.~ Interest shall be
campounded mcnthly and the entire at?iount af principal and
compaunded interest ~hall be due and payable an DEMAND. .
= V~ryin.g amaunts will be advanCed under this note at varying
intervals. No payment shal~ be due until August 1, 1998: at
which time all accrued intsrest shall be due and payable.
Interest shall anly accrue on actual amc,unts advanced under
~ thi~ note. Manthly payments in an amaunt ta be~agreed upon
; by the parties shall begin September•i, 1989.
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The undersigned shall have the right, witho~t penalty, "
* ta prepay any and all principal and interest awing. In such
case, the amount prepaid shall first be applie~ tQ accrued
- interest, and the balance shall be applied ta the unpaid
prin~ipal. ~
' ~ Fresentment, notice af dishonar, and pratest are heteby
. waived by all makers, s~+reties, gua~antors, and endarsers
hereaf. Thi~ Note shall be the 3aint ard several abligatia»
of al1 makers, suretiss~ gua~ran~ors and. endorsers and shall ~ .
- ' be binding upsan them and their successors atnd assigns.
The'make~rz and their suretiess guarantars~ and ~ndarsers
alsu agree ta pay reasanable attarney's fee~, in additian ta
! any other Co~ats af callectian, in case the amaunt due or any
_ part thereaf is nat paid when due.
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r~ ~T~'~" o~ ~'L.aR~DD.~ r JOHN ~t. MOTTA
` ~ DOCUMENTARY;,,~~~
:;~57AMP YAX 1
iO' D'EPT.Oi REVENUE z~ • ~
~ w = P.B. JAN•~'88 ~4 ~ V 1. 5~ ~ . ~ ~ ~J
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m = 1~~23 ~ _ ^ ~lG.~~w~
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` ~ - - CY F. MOTTA
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~Jahn R, and Janice F. Matta 8666r~3
` ~ Islandia lI ~11 1005 .
~ 9504 5outh AIA ~
3en~en Beach, FL 33457
'8g -,~1ii -+4 p1:~l1
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FILED ANp ~tE , ORDEO
@pUG AS DtX.O~? CIERK
~ LENUERS FEDEFtAL ID# ; 81-0349056 ~~~~E C~UN1Y. Fl..
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P~a~'n 3Y :
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~scv Zo w rE 5 cx ?r~ u 2. ~~'2 ~ G~ 0 R~'~ PACE ~t~ 1
o~~. u~z~n,?a ~ C~t e- ~ qY-S 7~j 600K
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