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MAY 2 11986 <br />PROMISSORY NOTE <br />FOR VALUE RECEIVED, Richard D. Addams <br />residing at 931 46th Avenue, Vero Beach, florida <br />hereinafter Promisor s , promise(s) <br />to INDIAN RIVER COUNTY, a political <br />hereinafter Promisee, the total sum <br />($ 1,978.71 ), in installments <br />Amount <br />BOOK 64 PA)c 4T 9 <br />to pay without further demand or notice, <br />subdivision of the State of Florida, <br />of One thousand nine hundred seventy eight 71/100 <br />as follow: <br />1. $ 200.00 per month for nine (9) months <br />2. $ 178.71 final payment (10th pymt) <br />3. S. <br />4. $--Assesâ–șt- 1879.15 <br />5. $ Interest 99.56 <br />6. $ Total 1978.71 <br />Due Date <br />Starting June 8, 1986 <br />Ending March 8, 1987 <br />Said amounts represent remaining principal and interest due on a special <br />assessment levied by Indian River County for the 46th Avenue between 8th Street <br />and 9th Place . This note is executed in settlement of the <br />current delinquency of this account and Promisor(s) agree(s) that sums payable <br />hereunder have been lawfully assessed and are presently due and owing to the <br />Promisee. In the event legal action is required to collect sums due hereunder, <br />the Promisee shall be entitled to recover in addition to principal and interest <br />all reasonable costs of collection, including attorney's fees. Promisor(s) waive(s) <br />protest, presentment and notice of dishonor with respect to this note. By receipt <br />of this note, the Promisee does not surrender -any other remedy available by law <br />to collect the underlying special assessment, including specifically the right to <br />foreclose on any lien which might exist by operation of law against the subject <br />property which is described as follows: <br />Lots 3 &4, Block 5, Glendale Lakes Subdivision <br />This note may be prepaid at any time without <br />aforementioned sums of money are not promptly ppaid <br />interest at the rate of elev n and a half ( I1.5 <br />continue to accrue in accordance with the original <br />payments should be made by check payable to Gene E. <br />mailed to the Office of the Tax Collector, P.O. Box <br />penalty, and in the event the <br />BY the dates shown hereon, <br />, percent per annurs shall <br />assessment obligation. All <br />Morris, Tax Collector, and <br />1509, Vero Beach, Fla. 32961. <br />WHEREUPON, The Promisor(s) has (have) executed this note in his hand <br />and seal this _ 6th day of _ -May , 1986 . <br />q3q, Ave <br />V 32940 <br />12 <br />L <br />I <br />