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~~irtle :tc:ef Associa~es, Itic. ~~tSTUU~ut~l~ Non
9ANK NAME (f~eu~d and Unweue~
o. I3ox 613, JQr?s::n Beach. FL pu•: 1_: ~ t~81 : 5, 254 . 8Q
LOCATlON
11/ 17/ 7 6 ~a+^ T•~~^•: '
Noh No. Dat~d: . 19 M«Nds t.... ~_s.~_~ ~.,~.O.Q.
. _---------.SixtX ._(60 )..._Manth~ NNANCE _ 1_.13.2_~._~.4.. .
- CHAR~iE ~
aite~ date the undersigned, here~naiter called Maker, ~o~ntly and severally pocvm~n~~ry
promise(s) for value rece~ved to pay lo the order ot the Bank, at its ot(ice S~+mp~
as ~isted above the sum of (total ot payme~ts)_ C~sdit Lih (or Lth
._.Fiue_...thausnntt_. t~ro...hundxad...~i.~tY... ~.s~u~ anct.__ ~ o~~.b~i~ti~ . ;
8D~
1QQ---------.--------------------- oo~~... oMe. ctr.mtz~~
with InMrs~t fMnon al fh~ aM of _l.~_ 9~ p~r annum, •il .
Dayabie in = .
{.Q_ monthiy ins!aUments of i. g 7.. ~J e~ci+ on tht `G j~ day of
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each sua~uive mooth commencinq on ..Qrt.,.__ , 19. toqeth~r with ;
a BAIIOON PAYMENT Of . N.OIIf~--.--. _ . Ous . - _ _ . . . 19 . . _ AMOUNT Q ~ 1 ~ 2 Q ~ '
FINANC~ t . ~
A fins computed st the r~ts oi t.05 per i1.00 on each instal~ment in defsult for ~~rat~ty collcctnd
• period in excess of 10 d~ys mav be chsrqed the Ma1ce~ No such (~ne sh~11 exceed
tS.00. Make. is requi~ed to pay all costs of collection, ~nctudinp a reasonabte a~toe- ~'!'9~s (itemizt) : :
neY's fee if referred fw collecti«? a Ieyst p~oceedinps. Atl pavmen~s, whether prin- `
cipal, interost a othe.wise, not received when dus sha11 bear inre.es~ a~ 1ML per i-.... .
•nnvm from dw d~te until paid. All payments msde he.eunder shall be credited ANNUAL 'ERCENTAGE RATE ,i~~(. ~
fint to interest, then to tawful charyes then acc~ued, and lasr ro pr~ncipaL •
tf fhe toan i~ p.cpaid in iull, ~ccelera~ed o. .eiinanced, the Maker shall ai o! ~he dite of such eveM receivt such rofu~d of tl+~ un-
eare~ed portion of the credit life insv.ance premium snd linance charge snd svch other credit ~s may be required by law w as may b~
necessary to avad usvry, provided thst ffis Holder meY .eea~n a minimum fin~nce chatqe of :ZS.00, whether or npf oth~rwise ~~rnd,
~nd except in the cese of a refi~encin9, no finance cha~ge w D~emium .efund shall be made if it amounts to leu than =1.00. Rst~ntion
of any minimum (insr+ce shall be in add~tior? ?o se~vice chsrqe if any. Any Isnpueqe eluwher~ Mrein to the contrary iwtwitF+~tendinp,
neitMr Bank nor ~ny hotder hereof shall receive o. rers~n any ch~rpe or inte.es~ no~ allowed by I~w. A 0769$ undividedF
As aecurity ia tM payment of this note Maker h~s led9ed or deposired with 8ank the followi pr rty ,
interest in Turtle Reef Cond. as recorded in O.R. "~oo~c 2~(~, ~Page~--2931 ~
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u~~_.1..=Z~ --stlQ4ic~1 .~ci i7?uci i t~,. L-.~ .ti.e~. ut3~4s`._~.u~ci _ 5~~. ~di3. icwFt~dy2 .
(irxludinp all cash, stock and othe. div~dends and all rights to subscribe (p+ securities incident fo, dectsred o? pranted i~ connetfiOn with
such property), which property, together with sli addirions snd svbs~~turions he~eafter plQdqed pr depos;ted with Bsnk is called the Col-
late~al. The Collaterel is ~Iso pledged ss securiry ~w sIl othe? Iiabil~nes ?o Bank, {primsry, secondsry, direct, contie?qent, sole, jant or
ssveral), due a ro become due o. wh~ch may be herea~~er comracted or acquired, of each Maker (o. of each Meker and any Wh~~ p~r-
son). The sunender of this mre, upo~ peyment or othe.w~se, shall nor affecr ~he righr of Bank to retsin ~he Coll~teral fo~ such Wh~r
tiabiliti~s.
~ I CRE01T LIFE AND CRE~IT LIFE b OISABIIITY INSURANCE ARE VOIUNTARY AND NOT RE~UIRE~ FOR CRE~IT. Such insunnc~
~ covera9e is swilable ar the cosr des~qnsred below for the term of rhe credit: (a) S fw Credlt Life In- ~
sunnce (b) Z-------.-• fOr Credit Life 3 DisabiGty Insurance:
Check
~ 3 AppL ? Credit life Insurance ~s desired on the life of - .
C Box
V ~ > ~ - _ _ _ . . Birthdate - - - . -
~ O Q ~ Credit lif! b Disability Insuronce is desited on _ - .
p O
C vUi 'v LL ~ Birthdate . - ~
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O t ~rsdir life ~rKJ/w Oisab~lity Insurence is n~ de 'r ' r
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~ V ~oat~_ -----s'~. ~Y.----1.Z_, .1976 S~yr,atu?e ~ ._~J' ~ _ Oll~p A. PO~ '
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~ ~ gN . Siqnature~~~,,~c~.,,~j,.~~'~L~[.1~~~-'~- BEAf3dt~'1t68 ~~ary P~e
~ f~ Additions to, reductions or exchanqes of, or substitutions fpr t}ie Coltateral, p~ nts o~ ~aount oi this loan o? irKreaset of fh~ :
, same, or other loans msde partially or who~ly upon the Collateral, msy from time to rime be made without affectinp the p/pvisioes
M of this note. Bsnk sha~l excrciu reasonebte ca.e in the c~stody and preservation of the Collster~l to the extent required by ~ppqubl~ .
~ sblute, and shali bt deemed to have eaerdsed .easonable ure if it takes such ection for ths~ purpose as Msker shall reason~Wy rsqwsf
in writinq, bvt no omission to do any act not rcquesred by Maker she~l be deemed a failure to exercise reasonable care, and no omis-
sion to comply with any ~equest of Maker shall of itself be deemed a failu.e to eaerciu reasonable ure. Bank shall not b~ bound to
take my steps necessary to preserve any righrs in tha Coflatersl ayamst priw parties and Maker shall take all necessary steps fw wth ;
purposes. Bank or its nominee need not coSlect inrereu on or pnnupal of any CoIls~erol w qive any notiu with rospM to it. j
~ If the Colleteral shall st any time become unsatisfactory to Bank, Maker shafl wirh~n one day afte~ demand pledqe and deposit '
with Bank as perl oi ?he Collsterat addirio~et p.operty which is sarisfactory to Bank.
( If Bank deems itsetf insecvre, or upon rhe nappen~ng of any of the ~oilowing events, esch of which shall constitute a def~ult hera
~ unde?, all liabilities of each Make. to Bank shalf fhereupon o. thereafrer, at the option of Bank, without notice or demand, become due
and payable: (a) the Failure of any Obtigor (which te?m shall mean a~d inc(ude each Maker,'eredorse~, su~efy, and guerantor of this
nOte) to perfwm any agreement hereunder, to pay interest hereCn within ren days after it is due, w if there be no due dete, aft~r it
is billed w otherwise recuestsd w demanded, to pay ~ny other liab~l~ty whatsoever to Bank when due; (b) the death of any Obli~_
(c) the filirp of sny petit~on under the Bank.uptcy Acr, o+ any similar federel or state ststute, by ora~ sinsr any Obliyor; (d) s~ ~pp
tion for the appointment of a receiver fw, the makinq of sp ne~al assignment fw the benefit of uedito?s by, or the insolvency of a~y
Obtigor; (e) the entry of a ivdqement against any Obligor; (fj the issuiny of ~ny attschment or qarnishment, a the filirg of any lan,
agsinst sny property of any Obligor: (81 the taking of possession of any subs~anrial pert of rhe property of any Obliqp ~t the inst~nce
of any povernmental avthority; (h) fhe diuotution, merper, consolidarion, o~ reo.qeniiation of any Obliqw: (7 the assiynme~t by any
Maker of sny equify in any of the Collatersl withotit ths written consent of the Bank. Esth Obli9or hereby wsi~es any requirement of
notice or demand reflecting s~ch aaeleration insofar as s~ch requirement be in addition to the mere exercise of any remedy affwded in ~
this Noro w the institutio~ of suit by the then holder.
Bank shall have, but shall not be limired to, the following riohts, esch of which may be exercised at any time whether or nof fhls ;
note is due: (i) to pledge w t.ansfer this note end the Collateral and Bank shall the.eupon be ~elieved of all duties and responsibiliti~s
hereunder artd relieved from enr and a1! liebility with respect to any Collaferol so pledqed or transfe?red, end a~y pledpee or trens-
feree shall for all purposes stand in the place of Bank hereunder and have al[ the rights of Bank hereunder; (i~ to transfer the whole
or any part of the Collaterol into the name oi itself o~ its nominee; (iii) to vote the Collstersl; (iv) to notify the Obligors of ~ny Col-
lareral to make payment to Bank of any amounts due or to become due thereon; (v) 1o demand, sue for, collect, w m~ke any compra
mix or~senlement it deems desirable with reference to the Cotlateral; and (vil to take control of any proceeds of Collater~l. '
Bank is hereby 9ive~ a lien upon snd a security intcrest i~ sll property of e~ch Obliyw ~ow or at any time here~her in the pos- i
session of Bank in any capacity whatsoeve., includiny bvt not limited to any balsnce or sha.e of any deposit, trust, waqe ncy saount,
as the seturity iw the p~yment of this note, and a simitar lien upcn and secvrity interest in sll suchp~
operty of eath Maker as saturity
fw ~he payment of all other lisbilit~es of e~ch Maker ro Bank (includ~nq tisbilities of erch AMker and any other person); ~nd Bank shall
have the ssme riphts as tb such property es it has Mith respect to the Collateral. . '
If Bsnk deems irself insecure or uoon the occu.rence of any defaulr hereunder Bank shall have the fereclosure end other remedies
of ~ secured party under the Un~form Commercial Code, or other applicable law and, w~thout lim~ting the generality of the foreyoinp,
Bank shall have fhe ~ight, immediately and withouf fu.ther action by it, fo set off ageinst this note all money owsd by Bank in anY u-
pscity to each or any AAaker; and if such set off shell occur, 8ank shell be deemed to have exercised such riflht of set off and to hsvs
made a char9e against any such money immediatety vpon the ocwrrence of sucb defauh even thouyh such cherye is made w enfend j
on the books of Bank subseqven? !he?eto. Unkss the Collateral is pe?ishable a threatens to decline speedily in value w is of a typs
customar~ty sold on s recognired marker, 8a~k will yive AAaker reas«+sble r+otice of the time snd ptace of any public sale thereof w of
the time ~fter which any privete sale or any o?her intended diiposition thereof is to be msde. Ths ~equirement of reasonable notice shall
be mer if such nor(ce is ms~led, postsqe prepsid, ro any Maker at the add.ess qive~ below or et any othe. sdd~ess sF+own on the rec- ;
ords of the Bank, at leasr five days besore the time of the sale or d~sposit~c•n. Upon dispositio~ oi any Collateral after the occvr?ence
of any defavtt herevnder, Maker sha11 be and .ema~n t~able for any deficiency: and Ba~k shall sccou~t to Meker for any surplus, but
Bsnk shell have the right to apply all or any part of svch surplus (or to hold the ssme es a reserve sqainst) eny and sll other liabilitits
of esch or arty Maker to Bank.
No delsy o. omiss~on on the psn of Bank in e:ercisinq sny riqht he.evnder shsD operate as ~ waiver o1 such ~iyht or oi ~ny oth~r
ripht ~nder this note. Presentment, demand, protest, notice of dishono?, ~nd exrension of time w;thouf notite are hereby w~ived by
each and every Obli9or. 1he Obliyors, iantly and xv~rallY, prom~se snd ayree to pay ell cosb of collsction and re~sonabb attorntys' :
fsss (not less than 109L of the principal sum) incurred or paid by Bank in enfacinq this not~ upon rhe occu.rena of any d~fault.
Any norice to Maks. shell be svfiiciently served for atl purposes if kh upo~ w plsced in the m~il, posta~e pnpaid, address~d to th~
premiies at the add~ess shown below w~ny other addrtss shown on Bank's recads.
Wherever this note ~s exacuted by a co-maker a endors~? who is the wife o~ a rtuker ot~tndo~s~r, ttr s~id wi(e does Mr~by ~x•
pr~isly acknowl~dqe the within d~bt as her joint ~nd individu~I debr.
Each of Maker xknowledy~es r~aeipf of a tanpl~ted copy of this No t ibovl~ d~N e~
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~wa..u: _._213-S.--N..R.._._2g_..AYens~e_- - - - ~ ' cs..n
Gatnesvf~~~ PACE 6~4 ~ . os - - ~ ~ -
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