On October 15, 1986 the defendants John and Robyn Roller executed and delivered to plaintiff a promissory note in the sum of $437,000 payable by January 14, 1987. In the event of default on the payment of the principal or an extension by the payee of the due date, interest on the unpaid balance from January 15, 1987 would be at the rate of 12% per annum, payable on February 15, 1987 and monthly thereafter.
If the principal or interest was not paid when due, there...
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