HomeMy WebLinkAbout0392 TURTLE REEF ASSOCIATES, INC. IN8TAL~~ t~T ~I~TE (~une~
• ~ ?~ru pw; cn c » : ~Z,~48.20
P.O. 80X d10. JENSEN BEACH. FLORIDA 33457 ~
~ow?ra~ . ~oin re~ms: 14 , 000. 00 :
- noa ko. ai.~ ~ hlnrch 14 77 ~o~..os s `
S1xty (60Z Months ~ ~ ~~E _ " "3,848.20 ;
~ aNet dats tM undWSbMd. Aereinafter called Maksr. jotnty nrM severally ~ry !
promfss(s) fo? valw rscNved to pay !0 1M ord~r of the Payee st Ih ofitp S~ i '
as Ifsted abow tAS s~m of notal ot paymsnts) ~~p ~~a life
b Dis~DUi1y) Ins. i ~
~ OtAN (iNmlttl
i t iZ~Ae taTi ol~ _ ~.•i~. perinnUT. aff payaDk in
S
monthy Insttllmsnta of i s~ch on tM ~~L day of =
e.a, successnre montn canmenc~np ort t9 JL~~ uMOUNT 14 , 000 . 00
' ~ FlNANCED t
A f4M computed ~I tM ple oK.05 Pe? i1.00 on sich inst~Wmnt in d~fwN b
a p~ri0d h exten ol 10 d~ys rt~y bt thiiged tlw miker. NO SIIM fine SA~II exteed ~~Mlr tollxted
ss.ao. wk.r is no~•a a p~? ~II ooats a caMecuuon. a~cwaKq ~ n~:on~eb u~aner•: cl~a ~aemze~ s
IM N relMted lat toYetfbn o? leg~l proce~dinps. AN p~nneMS. ~rAether ptintip~l, i
ink~at or atAe~wis~. nol received wAee dw sbaN Dar inqrest at 10% per anmrn ANNUAL PERCENTAOE RATE _9i
kom dw da/e unti p~ld. At p~ymenls ma0e Aerwnd~t sh~M be aedited ifrst
b kN~nst. tMn lo lirrfut CAUyes Mm atttwd. and lut b prk~cip~l.
n m. won ~ aew+e ~ n*. aco~e?~roa « rsrrw~ao. ms wker sn~ as a r~. da~ a wa~ ewM ncen~s wa~ ~nma a n~. w~wm.e
a~ a Me cnan p~. r+wnnce aenw~n ~na ruuncs ayrye ~na wcn oa+er «e~a as r?~ar oe ~wutea qr n~ a as m~r a ~i~oess~n
b arold usu~r. P~aided tA~l tn~ HaWer m~r r~ain a mM~isnrm fiwna darg~ a1 ° t2S.00. wMtAer a not utlie~rriss e~rned. ~nd ext~pi
N the case d a reNmnanp. no fmma cAUgs ar prenwim nlund stW 0~ mode Y N ~mo~na b less Wn i1.00. Rete~Mion d any
minYdMn fwnte sAiN De b ad4f6on to savioe MuOe M~+q?• MY I~g~~ge e~e herein b the CaUrary ralwid~UrbYq, ndther Payee
na ~ naax n.reo~ sna~ ro~nrs a~n rr a~y. a~ ~a ~aow.o a ~a+~?.
As a.arnr to~ aie p~yment a ars noa Wabr nas pedq~a a deposaea wMn p,~ree uie rdqw:g prop~n~r:
d 13
~ w ,a scribed 1n
s~cn a~r~. ~n oroo«hr. w~ea~. wun ar ,~w~ ,~a ~ n~ weo~eo a eeaos~eo ,~n~ r~ee e wba u~. co~meti. sa i d-'
rne coiw.~a~ ~s yso obo~ea as ~a ~ ane~ wo~aes ro~ee ~a~r. ~r. ai?ea. can~m. sae. pwn a se~enn.mortyage.
ou. or a eeoom. a~e or wAicn ma~r oe he~e~ner canusa.a or xauiree. a eacn AAake~ ta a aacn Yaka mo ~nr ana a~t- n,e
wrrenda d tMS nae. uD~ WM~~M a aU~rwiss.. stW na aHect the ri~et ot Payee b~ the Colpt~l br wch ather 1bbYki~s.
c~ u~ ~a c~r u~ a o~s~imr iNSUwwce ~ vciiu~u+v ~rro Nor n~u~aEO ~ c~. s~n r~~ cor«~e
is aani~a. ~t u~s ooal aa~teo oe~ow ta me a ine c~t: ~a? s br aed~t uts N-
s~ua~e tpt s ~or croa~ ufe a as~t ~nsw~noe: ;
Chetlc '
Appl. Cre~t lite I~uma a Oesired an Me Iife of j~ ' f
8mc
BirtAdate
, o c~ i~e a o~awrty i~?~ a e~ee o~ -
emnd~e _ ~ •
. dc ereen ~i1s ana~a asao~iry ~nw~ce is na aesirea. .
o~: ~J~larch 14, 1977 s~N ~'~~--`-f rt W. Eckis
s+~ aret B. Eckis
~aan~ons a. reaucnoes « excnu~ges a. « suosrau6o+~s ta ~ne corat~. rnents on acooum a mis b~n a mueases a me same.
a aner ~oons m~oe wni~llr a+M~o~r upon n,e ca~a~en+. mar trom a dme D~ maae without mec~g ene pro~sio~ a mrs
ratt. Payet SAaM exercis~ re~sonable qn' in ths . asLod~l and ptesavatloil~fhe Ca~ata~l b the ezlent reQuirod bp a00~cab~e stih~e. i
and sIW be deemed !o hare exaased (easaw0le cse if q takes wch actia~ for tIW purpose as Maker SIuN r e
u o n~
r r
e q u e s
t in w r i
d n q. '
Dut no amission M Co amr ad nal - re0uested bp Wke~ s~?ap Oe aeemed a t~e m e~xrc8e reasorabte c~re. and na omission to
canpyr wiM an~r requ~t M Maka shaw d Nseq Oe Aeemed a fatlum !o execise reasombb can. P~ree sh~M not be Dound b Wce ~r
s~eDs ne~ss~ry b D~~~ ~~S in tAe Co~nl ~ D~ w~s md MI~Ce? slwll talce ar ~ steps ta sucA purposes.
Papee ar ks nombee need aot cdlect interest on or p~incip~l al anp Co~en~ a g+ve m~r nafoe wi~h respect to il... -
It Payee dsems itseN, insecws. or upon the h~ppeiwng of sr~r o1 the k~o~g e~. each d wAkh shal oonsmuk a default Axsunder.
~ ~II Il~biitles o1 each IiWker ro Payee sAa11 Mawpon or tl~eatter. at the opdon W P~yee without noda a demanA. becara due md p~y~Cie: ,
~ Ihe tallme d~n~r Ubigo~ (whid~ tam sh~M me~n md inchde eoch Ilaker. endorser. wrely. ~M gwrmnor d Mis nae) -
~ D~~ ~M to p~ irtteresl hereon rrithin ten days atter A is due. ot if Mae be no due date. at~r it is DiMed
~ or athenri~ requested a denwided. ro pay arry othe~ G~bi6ry rrlwtsoaner b Payee "rM~en Aue: (Dl the deNh d an~r OOliga:
~ (cl !Ae flog of any petNion unda ihe Bankruptry Act, or am sirnihr Mderal a sfale. statule. Ef? or ag~inst anf? Ubligor (d) m appicatlon ta
me appoinunen~ a a reaMa fa. the maki~q a a ga~eral assignmaK ta a~e oa~it a aedirors bp. « tne insava,cy a anr Ob6por:
ce? n~ e~a~r a a A,a~~ ~~r m tn~ ~ a~r n~n~ a y~r~a. a u~e rr~ a am r~. a~ar~ a~r
~ DroDertfr d an~r Obligor: (gl tne takinq ol possession d ~ny suDstantial Oxt d the propary d m~r OMigor at tne instarKe ~1 m~r ~t~l
~u1ho?ilY: (A1 ths dasdution. meryer. oonsolidation. a reorganiution M anp Obliga: fi) tAe assigrana~t by anp Maker al any equdY in any
a me coaa~am wano~rt cne ~nen co~s~m a me vayce. ~acn oa~ n~, ,~a anr ro~~a~c a~+o~ a oe~e ~en~en~
P wth ~~bn inwtar as such requirement be in addition to the mae a~ase ot any rernedp afbrded in Mis Note at tAe i~Au6on d--- -
wk Dy tf~e tl~ holOer. ~
P~yee sA~l have. but shaM not be timited to. tAe foqowing rigAts. sxA d whitA may De exerdsed at any lirne rrhether or nof d~is
note is Aue: (i) to pteCge ar trufsfer Mis no~e and the CoNaferat anU Payes shaN therwP~ be rWened ol aR Aulies and rospo~iDiG6es
haax~der and relieved hom anY xW aN Uabiity wilh respect to any Cdiaxnl so pkdged ar trm~rred. art4 an~r pledg~e a tr~nstaroe shyl
vwv~ Sw~a ~ me oace a~ n~,~,o~ ~,o n~ ~n~ ~ a~ n~,~o~: ro t~ me wno~ a~r o~ a
the CoNater~l iMo the rume a itseft or As nominee: (F~ to vote the CoNa1~1: 1w) b nati~r the ODrgors af any CoNateral to make pa~nnem ro
Payee al a~ryr amo~mts due a to Oecame due thaeon: Ivl ro damnd. sue br. oouect. a make an~t compromise or sdtlemenl a Aeans
dsstraDle riM refere+~ce w the Cd~aiaal: and (h~ ~ take cantro~ d amr aoceeds W Catlatenl.
v~r~ ~s n~?.~r ~ a~ o000 ~a,~ M~ v~ov~~r a aa~ o~o~ ~ a r~, m~ r~na n,~ a~+o~ a
Pa~ree in anp capaciry wnanoever, incN~ng drt na linrtee w anp ba~ance a shue d an~r d~osi?. tnat. a ayenc~r aawnt.as the securNy
for Me pa~mieM of this note. and a sirtM~r tien upon and secu~ty intaest in aN wcA ptopettr of each Maker as SeaKAy tor tAe paymenl d
aN atAa NaDi~es of eacA Maka b Payes (incN~in9 Ii~DtlitiGS ol each Maker and airyr oUbr Oerson): uid Pa~ree shaN fuve Me sa~ne rigMs
as ro such prapeA~r as k Aas rrith respett b the CaN~tenl.
n Ps~ee deems nsen i~cure a upon che awrrence a an~r aelaun naaioa.r a~yee sn~M n~ve aie ~oredoswe ana omer raeedes a ~ -
a sewrod pury unde~ app~ic~b~e ~aw anA. without r'midg the ~a~
I~lity a tne ~ora9oio9. Payee shaN have Me ripM. imboiateyr and wNhout
twtt~ awon bY A. a set an against mis no~ aw monep oweo br P~ree in an~r aPxih !d. sacA a am Myca: and d wd~ set on st~ae
otwr. P~ree sIW be deertie0 1o Aavs exadsed wch rigM d sel off md W Azve rt~ad~`~ char9e ~~~~Y -
~ ovoe me ouorra~oe a wai aetaun eren uiouqn wa~ uiuge is n,~ae a ane~ea on tAe eooks a Pay~e suDsequan merolo. unbss me
~ Co~enl is paist~aDle a threatens to decine speed~y in wahie o~ is d a rype cuswmariyr sold on a remyrized nwlcd. P~ee rn7 phre
wker ~e~~ae~e ~oace a n~e a~e ana pace d an~r o~c s~e mereo~ a a me mie ~ryer ,~a+ an~r p~h?a~e sa~e « my ane? ~ncenaee
~ ' me~eof is to ne maoe. Tne reqWrcmeM a reasonads nodce shaN be met it wcn notioe is m~iee. v~ ofePa~o. ~~r
Wker at the adMess given Delow or a1 any otha address shown on the reoords d Me Pay~e a1 Ieast tne days betore the time d the sale •
ar dkoositioe. uoon aisv~on a anp co~aleral a~ar me o~ence a~ eebun naanaa. Yaker sn~N ee ana ranain b~ae ror an~r t~..
d~flcfency: and Payee stu~ account b Makar far ~ryr surplus. but Payee sh~M luve tbe ri~t to apphr aq or y7 Part af wch surpNis (o?
a hold the s~me ~s a raerve againstl Y+Y and all other InbiNties a exh dr ~r I~Icer a Payee. ~
No def~li or oar~ission on the part o( Payee in e,nrcisinp an~l riqlK hae~ sh~N openEe as a waiva d wch rgM or W ur~r ottbr
~IqAt w~der Mis note_ Presenbnaq. dem~nd. Oro~st. notke d dishonor. md extension d tine wNtaW notia are hereyl waived b~r eacA and '
(nol las tltm 10%~ Drmci~l sum ~rod a paid b~r P~yee~in ddorcin9 d~s note opon the ottur
t~ of
~ ddaull.
Mp notlCe b Maker sIW De sulficienMp saved ta yl purposes i1 feft upon w plxed in the mal. Dost~qe preq~d. adMessed b the pranses
al me aooress snown belar « any arier aeoress snoMm ~n Payee's reoords. .
rrtierever this note is acu~o oy a co-aaker a endorser who is tne wife w a maka or endorsa. the ~aid wile doa heregr expressry
xknowle0pe tl:e wilhin deDt as INr ~oiM an6 GWiviAitil ds01. .
~n a w~e~ ~~ow~ ~c a a~pa~a a u?~ ~ tn~ ~o,~. aaro.
' -1.
Adanss:_1319~ Arch _rPPk Terrace ~ i,. ~ f,,;_~„
P~orth Mi ar~i , FL 33181 o er . c s .
-~a _ (s..~l
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