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PROb1I~SORY NOTE' ~
February _I g~, 1988 uiami , Clor icja
$46,004.00
For value receiv~d, th~ urtdersigned promises to ~~av ta tt~~ ord~r
of :
JACK t2US~ELL, a married man
the principal sum of $46,000,00 together with interest thereon at
th~ initial rate of 10 per cent per annum from ~'ebruary 18, 19£38,
untit maturity, both orincipal and interest beinq baya ble i~
La~aful Money oE the United Stat~s, such pr~ncioal sum and
interest ~ayable as follows:
IN EQUAL MONTHLY INSTALLMENTS OF PRINCIPAL AND
INTEREST IN TH~ SUM OF $1,166.6~3 EACH,
COMMENCING MARCH 18, 1988, WITH LIKE PAYMENTS
OF' PRINCIPAL AND INTEREST CONTINUI~G
THEREAFTER ON THE I8TH DAY OF EACH CONSECUTIVE
CALF.NDAR MONTH THF.REAFTER UNTIL PAID IN FULL.
THIS NOTE MAY IIE PREPAID IN WHOLE OR IN PART AT ANY TIME WITNOUT
PENALTY.
Such installment payments shall be applied first to the interest
accruinq under the terms oE this note and then to ~ r.Aductzon of
the orinci~al in!~~btness, If any of the installm~nts of drinci~al j
or interest is not ~aid within 3Q d~ys of its u~ue dat~, or vnon ~
any default in the oerformancp of any of the covnnants or {
agreements of this note, or of any instruments now or hereaft~r j
evidencing or securing this note or the obligation represented
hereby, the whole indebetness (including principal and interest) ~
rPmaining unpaid, shall, at the option oE the hol~3er, become j
immediately due, payable and collectiblA, and w'~ile in d~fault, ;
sh~ll hear the highest rate allowable und?r the laws oE the State ~
of r^iorida. ~ach maker and endorser :~aiv~s demand, notice oE
non-p~yment and protest, and in the event suit shall be brought ~
for the collection hereof, or the same has to be collected u~on
demand oE an attorney, to pay reasonable attorney's fees For ~
making such collection, whether suit be brought or not, This note ~
with interest is secured by a mortgaqe on real est~t~, of P~7~(~
date herewith, mad? by the maker hereof in faver of the said
payee, and shall be construed and enforced accardin~ *_o the l~~ws
of the Sta~~ of Florida.
Payable
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