SMITH, Justice.
In 1973, appellate sold appellant certain real estate for $70,000.00. Appellant executed a promissory note payable to appellate in the amount of $60,000.00 "with interest thereon from date at the rate of seven & one-half (7 1/2%) per centum per annum add on, on the unpaid balance until paid, in quarterly installments, as follows: The sum of $2,625.00 including principal and interest shall be payable quarterly in forty (40) quarterly installments...
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