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Home My WebLink About0937 ~ D PRONISSORY ~OTE $1,609,230.46 August 8, 1988 Fort Pierce, Florida Eor value received, i/We, jointly and sev~rally, promise to pay, without defalcation, to the ordec of FLORIDA NATIONAL BANK, 501 Orange Avenue, P.O. Box 3469, Fort Pierce, Elorida, 34954, the sum of $1,609,230.46 with interest from the date of disbursement at the rate ~f 11.00~ per annum. Installments of principal and interest to be paid es follows: By the payment of $17,466.28, principa~ and interest, commencing upon the 8th day oE September, 1988, and upon the sgme day of each month thereaftec, through and including the 8th day of July, 1989, together with a final balloon payment of $1,592,422.96 plus accrued intecest, if any, upon the 8th day of A~gust, 198g. ' TNIS IS A RESTATED PROMISSORY NOTE CONSTITUTIhG ~ TNE SAME 1NDEBTEDNESS AS TNAT PROMISSORY NOTE ~JATED JULY 3, 1985; AND DOES NOT INCLUDE ANY ACCRUED INTE:REST, CHARGES OR OTHtiR COSTS OTNER TNAN THE UNPAIU PRINCIPAL BALANCE AS OE TNE DATE NEREOE. ~ Each installment first shall be a~plied in payment of interest and then on the unpaid balance oE the principal sum. If deEault is made i~ the ~ayment of any installment when due a~d such defa~lt continues :sl? day~, then at the option of the holder, and without any other notice, all the remai~ing installments shall be due and payable at once. Privilege is given to prepay this Note in whole or in pact at any time without penalty. Neither forebearance nar acceE~tance by the holdec thereof after any defaults in payments hereon shall be deemed ` an extension. A late paymeni charge of 4y of the amount of the ~ payment due shall be added to each installment remaining unpaid 15 days after thP due date and a similar charge for each i~stallment remaining ~npaid 15 days afLer each succeeding payment due date. ' Each maker, surety, and endarser hereof, jointly and severally, waives demanci, presentment, protest, and notice oE protest for nanpayment, ¢ and further agrees to any extension of time of payment, either beEore ~ oc after maturity, without r~otice to any oE us; and to pay all costs ~ of collection, including a reasonable attorney's fee for all ~ pcoceedings, trial or appellate~ in the event of any default € hereunder, and hereby severally waives all benefit of homestead and ~ exemption under the Constitution and laws of each S[ate of the Uniked ~ States as as~ainst this abligation or any extension oc renewal hereo[. ~ x ~ Witness the hand an~ seal of each party. ~ z tiORTti f3RIGGE PLA7.A, ING. ~ ' Ry: /s/ John R. Rea, President o n . ea, Presi ent - Ky; /s/ Uonald E. Jacobsoc~, ~ecretary Dona . aco son, • Secretary D ~ F_`~;f? i E~ I I ES" ju~~ ~90 i~E J~~ _ Y .-U'~~ s~, yrc.~...i^,r+°'SS±~'...arh~ .v.3?~~r a~s_.~~ .~s.'~~