HomeMy WebLinkAbout0850 ` ~
TURTIE REEF ASSOCIATES. INC. ' INSTu MENT NOTE (S~cun~
~ - ~~rE~ ~:~1~. 1~..._ v 132 = ,003. ~ 0
P.O. dOX 618. JENSEN BEACH. FLORIDA 93451
10~~ lo~p Twms:
na. No. a~ A
r--~-11-29----• 19 v?oo.ws = 3~ 140. 00 .
S1x~X
(~0 ths _ ~'"~'''cE 8b3.2U ~
CHAROE 3
- aNs? Aat~ tAe undersipned, herefnatter calbd Maker, iolntly and sevealty
promis~ls) fa value roceivsd to pay to tM orQer of th~ Payes at Ils otNc~ ~ = none
Ilat vs the wm ot otel 1 ~ l~ l~
~4_U HOUSAND THR~E ~Mg~~ none
~ ~~r.~~~~ ~~..~~~~.~~~rw~~~.~~~~~~ dr ~
Od~evs aMr ~+wntn~ '
= none
witA Int t thKeon at tM nte of % psr annu all paysble In nOn~
~nwotAly insta!lmsnta of t • ~I..c.h.
~ontt7ne~~~-th ot = dn
MCh auecssaivs month commancinp on __~~s~!t~_. 19 AMOUNT
Fl~c~ = 3.14Q.00
A IMN canWhd M Me nle oR.05 OK i1.00 on t~d~ i~dmeM In dNwN tor
, p«ba ~.~sa a,o om ~r oe uw~a a» Mo ~,a~ sn~r .,~oeea sewrn«r oo~cna none
SS•00. Wka Is npuk~d b p~ all ooats d ooM~ction. N~udin9 a n~son~LN ~Ilorney's ch~0~s (aertNtel i-
iN M niwrod ia tawetion a te~ procee~ngs• A~ D~Y~ts. wAetM? prh~cip~l. E
i~+anst a aherwKS. na roufwC wn.n aue sna~ eeu inleresl at to'~G psr anmrn ANNUAI PERCENTAGB MT~ _~i ~
trom due ana unM pale. ~r parneon m~de Aerwnea sn~11 ee aedtea xrst .
b MM~r~st. 11Nn lo I~wful tAarqes then attrveA. and last to prp~cip~l.
It dN lom B prep~id in lull. ~aelsrated a re~G+uia~d. 1ns Wke~ sA~ ~s d the d~b ol wd~ anenl receira s~ch rolund d 1ht uiwrmd
v«ao~ a n+e «e~+ +a. ~wn~ce a«~ a~a ~+c. cn~~. ,~a sncn ane~ «wu as ~ o. roa~ne er aw a ss ~r ~s~?
b ~votd uw~r. D~a~d~d th~t Me Hatder m~r reqin a ~Nn~n Nn~not cAxq~ a1 t25.00. whMtw a nol od~wise e~nrd. and aapt .
~n a~. cm a~~a~y. no t~s awye « ae~+ M+,~e s~ e. m~ae e~ amowrs a ~ess nWn s~.ao. aewn~on a~r :
miwa.n Mn~cs sn~e oe i~ aoaition a serr+a clurw a ~nr. Mr I~guaq~ Ws~w+~. n~wi b me oontra~r nwMr P~e
na an~r Aolda nereot slWl receiMe a reqin a~ry cAarq~ a. inte~esl not ~Iloweo Eti hw.
~s s~aKar r« n,e a cnis ~ae ~.r nas oe~oyee «aeoowee wan P,~ee m.~o~aw+~ __I~ Tu~~~~ Reef Co d I,
r~tnr~~d in .~.R_
t Baek ~50,~g~ 2931 ..!lnit WeeK 35 n~on-3: ~=3;
Ap~Ao: ~-3
(Nd~na yl asn. stoac ma othe~ aMae~as ma ~II rf~ts to suosc?iDe ro? s~rities ~ a. eeduea o? qraMea tn oo~rrcaoe wMn
7M C~
1. ~ praperty. bQetMt wqA aM ~dditlons an0 wOstitutions hetaitN? pUdpeO or depo~ip0 with Paye~ i~ tiMd tM Coi~~l.
PMap~O as seanNll 1a a1 a1Mr ~ to Payes fP~~Y. dkect. coMip~M. saN. bYM ar srwyl.
ew or ~o oeeo~e o-~e a~~cn ~ oe ne~n.r oomnaee a ooa~e. a e~cn w~« ta a aa~ wker ana anr oaw o.rson~- rns
, surrender aQ tids nole. uoon DiIR?~en1 or aU~e~wis~. sAaM not af~ect tAS ~ipAl n! Paree M nnin tht Co~ 1or wdi otlNr i~DiRi~s.
w
CnEdr ucE me dtEOn uFE a ois~~mr iNSUa?kcE ~aE vo~uNTU~v uiD noT n~umED Fat cr~0~r. Sucn +~sun~ce cownp~
is av~i~bM ~t the oost OesgnalM Debw lor the lam af tAe credA~ 1a1 S lo~ GedN lNs in-
Sunnce lbl i tor Cted'd lite b DisaDi~ity Insursnte:
Clieck
~ . ? ~redit l.ile losuance is despM on t?~ nre d - - - - +
Birihdate ~ •
D Ge01t LN~ b Disibiily Ir~yice is ~sKM on
Brthdafe
C~Edil Uk ~10/Uf Df~ily 11~sunllce i5 t101 deured.
Aprf l 29, 1977 X ani ta~J .~hia l att
Additlw~s to. reduttions or exthinoes d. or wbsMuHOns fo~ tht CoNa ~
a oMe? lo~s made DartiaMy a w1+dy uo4n tAe CcRaferal. may hom t ~be ~without attbm o? inerass~ d-tQe_iiny.
nas. Payee sAa~ acaase reasonabk txe in t4e custodp an0 O~ese~vation d ihe CaYalenl b Me ~rtent Me ~xo~isioes d Mls
rM~Yed bp ~ooliaDM st~fuM.
and SIW be dtenMd b have ex~tised reasOryDie nre A A takes Suth atfion for tl~ plrposs ss AAaker SIaN ?e~sar~WY ro0~test i1 M~Miny.
but no amissbn lo Eo anY act not ra~uested by Alaker sA~l be der~~ed a fa*xe b a~e.cae reasomDle care. and no amission b
oortipy with ~ ro9~st ol Makar sha~ 01 i1seN De deemed a tailuro to exedse re~saruble aro. Payee shaM nat Ae ~ound b toke any
sMps Mo~? b O~erve arry riyMS in fhe Co~~ ag~inst D~ D~~s and Idalcer sAri take all necess~rY s1ePs for wdi purposes-
Pi~N a Ms naN~be naa na coeect i~r~t an or princioat a any catla~ral « gne anr notice win, ~esoea a n.
n Pa~.. aeen~s aseM a~sea,?e. a ~oon ehe n~ooe~+9 a a~ a me rorow~~ e~as. esth d r~Nch sIW constitute a defaWt liereunder. .
a~ s~ow~es a.aen w~e. m v~ ~ m~.wv~ a~??~~m?. a~ me ax~, a v~~ee ~ ~ocKe a e~oa. e~e a,e ~,a ~aae:
I ttM f~xt d aery 0~4gor (tirhiclt Mm SinO mpan inQ ir~ude eaM OAalcu. d+dorser. wrdY. and guazaMa d MFS nob)
~ b P~~ ~M M p7y ir?terest hereon within ten d2Y5 af0~ il is due. or N Mere De no Aue date. afbr ~ is UiNed
~ or atlierwise reouested a dr. ~+anaed. a oay aer aner q~baity wnatsoeve~ ro Payee «h~n due: (b) Me death d
~ (t) Me taing d anp oetition wioa tne Bank i
tAe ~Opok~nent M a reeeiver (ar. tAe maii ~Aq. or any similar iWer~l ar stale statule. bp a againsl an~r ~bNgor (dl an appic~fpn for
m9 9~~ assignment fa the Dertd'd d aeditors b~r. a tAe Misdw~c~r af anr OOwpor;
f (e) tl~s sMry o! a•i~T~ :ym~ ~"w~: i~~ ~y ai arr~r attactwnent or qarnislrrient. o? Me t~rkj o( ary fen. ~iost an~?
'i ProDwN a~Y Ob~~pa: (0) tI1C taking d D~ssion d a~ SuDSUnfiat paA d fAE oropertY d srht ObNgor al the instanCE 71 anY 9~
~ autlio~M~r: (hl tbe d'asohrtion. merge?. cortsoNdarion. a reorgamiati~n a4 a~r Ob~igo~: 1i) tAe ~ssig~uneM Oy anY Maker al any eouNy in anY
ou
~ d t~e C~Nater~l witlioirt the wrRten tansa~t ot tne PaY~e Eath Optiqor herebv wa,ves an~r reQuite+ndH ol ndia a dc+Tne~ ~pirp
wth auelentlon insotar as sucA reouirra++ent De in adC"itian to the mere txuuu d arty remedy atbrded in tMS No6e ar [Ae ~On d
suil Dr tM tt~en Aolder.
Payee s1~aM hm. but sf?aM nd be IinrteA M. the fdbrri~g righis. ea~ d wMCh map be exerascd at anr tune whetl~er a not this
nole is due: lil ro okdqe a tnnstu trtis note and tne Coxateral ~ and Payee shan tMxeuoon be reheved M~ duties ~0 rosponsi~iti~s
Aaewider ~od rdieveA from any and ap IiabAitp with resoect ro any Copatersi so pkflqed or hansfardf. and any ple0gee a trmk~ree sh~ll
ror ~ owvoses stane in tne aac. a Payee nerax~de? and nave ad~ me rignts a Payee nerainae?: t61 ro t~ansra tne wnote ar anr aart a
tAe Ca~nl inro the name a itse~t a m nominee_ (ai) ro vore the Canateral: fn) to notily tne ObNgors d anp CoNateral eo make ~yekm ~o
Phee d anp arnounts due a to became •d,e tnereon: (v) b danand. sue to~. cdlect. ar matce arry compromise a seltkmeiM ~t deems
desinbM with tekrence to the CaNatual~ and (vil b take tontrol of aM Oroteeds d CcYatdal.
Payee +s hereM 9ryen a twn uoon md a sewriry imerat in ap properry d exn Ob~go? rww or at anp time nereattcr b tne oossesston ot
~~~r ~oac~hr whatsoerer. ir~ny an na bmitea to uqr Da~ance a snxe d anr deposit. tnra. a agaicy aaaum.as tne sea,rfyr
ta the p~rnKnt d this nde. aM a sir~iyr lien uoon a~?9 sxurNy inte~st in a!1 ~r.ls ~xaoertY al eacA 1Aaka as sauriry !or tAe payrtbnt d
aM odbt It~bi6tfes d rxh Naker to Payea (~9 ~qies d exA Maker ~d arty odxr Dasonl: a+id Payee sA~ll h~rs the same r1qlMs
as !a sucA propaty as i1 has with respect b the Cd~tral.
n Paye. oedns nsen inseane ar uoon me occurrdue d any oe~aun hern,nde. vayee sna~ nare che ~ore~JOwr~ ane oMer romedes a
~ s~aued p~rlp under appucahle 1aw ~d. withoW imAug the Oene?aM1? d tAe toregoi~~9. Payee sha~ h~ve the right. immeffiaRel~r and rNthout
tur4ler adion Dy it. /o se[ off apainst this nole ~N rtione~r awed by payee in anp caD~Y b each a an~r Make?: a~W d wch sel oll sh~
aau?. Paye. sh~e e~ deemeo Fo n~e e~cercise0 sucn rigM a se1 ar and ro have maee a a~arqe ag~inst any sucn monay immed~r
~ ~pon UI! ucarrente d SucA Oefauq Eren tNOUgh sutl? thatge is made ot entered on tht Dooks of P~yee subsequent Mereb. Unkss lhe
= Colpsery is paisAa~e a mreatens to dedine speed~y in va~ue or is d a t~rpe autana~f~y sde on a fECOg1YIEd IlftlkEl. P7yE! wi1 pive
~ Wf~t~ ~asan~We ratice at tne t~me and ulaoe o1 any puwic sak tt+eroot or ot the time afxr wnicn anq vrirale sale a anp otlier fMaidre
g Gisposi0on tfxreol is ro be rtu4e. ThE roouirert~ent of reasaiabk nolite shaN De met 1 wth notite is ma~ed. Postage Orepaid. b a~y
M~ker ~t me ~aaross glven oe~a. o? at mp other aaeross snorm oe me recaos a the Paree at ba~ rive eays oe~ae nb ane a aie sye
~ a AfsDO6ition. upon disoosrtion W an~r Cdlataal alta Me acur~a~cs d any detwp Aereunder. 1Maker sAall De u~d ranain Ii~M tor xry
. Aelldenty: an0 Paree sha4 accaunl M IMaker ta any swolus. but Payee sha6 h~ve the ripM b appyr aN or ~nY pari d wch surPM~s lo?
~ a noa. u~e sa~ne as a res~ aga~) ~r ana aa aAer Ina+aties a exn or anp Maker a Pape..
~ No dd~r a amiss~on an me v~ d Pspee in exe?c~ing ~nr ?+oM ne~eunea snae aper~te as a waiv~ a sucn rqm « a m~r oa~x
~ T~ .~~S~p ~~.severa~fr. Orrxnise and ~es !o~ costs of taNeetion and reason~Db ~ e~M anA
Inot less than tox a the a~sncioal swn) incurted a~aiD bY ~YS~ in enforciny this note uPa~ tne awrra~ca ~dsefa~uq.
~ AnY nolice M Maker s1+aN be wtticieniAr served tor ~II Ownoses H kfl u0on or olaced in the mai. postage Wepaid. adMessed b U1e p~nis~s
7t the address slwwn oebw a dnY otht~ adQress sMwn c~n Paytt's retords
~ wherevu ina nde is eu~rrea M? co-maicer a endo?ser wno is tne wite o! a maker a uMaser. the said wile doa Ae?ebp acp~r
atknowACdge t?+e within debt as her jrrnt and indivldual d!Ot. /
ExA o' Maker arrnawr~afges ren»n+ M~ r.~rny~ted to~v M!n,s noie on ~DOre d~10. /
l0 /
,war,,,; 3b65 A] an ar. ' l~~' a-~ r w`~ Il ~~lk~~~ -
cs.r?
~ ' tt'.. ~ ~ .
Tftusville, FL." 32780 ~ - ~ _
d00K~ PAGE 8~ Juanita J. ';aiot ~
~ . ~ ~ - - _ . _ _