King v. O/S NORDIC MAIDEN

ORDER

BEEKS, Senior District Judge.

On July 21, 1983, Dale Kenyon, Belinda Rust, and P.J. Clarke, in personam defendants herein, signed a promissory note (attached to plaintiff’s complaint as Exhibit A) that represented the balance due on the purchase of the defendant vessel, O/S NORDIC MAIDEN. The note stated, in part, that

For value received, I promise to pay to Richard S. King, or order, the sum of Seventy-five Thousand and No/100ths U.S. Dollars with interest thereon at the rate of 12 per cent, per annum from date hereof; payable as follows: On January 21, 1984 and on each July 21st and…