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TURTLE REEF ASSOCIATES, INC. • IN8TALLMENT NOTE (S~cund?
. ~ ~ N?~~~ L ~2 : ~,462.~Q
..wf .
P.O. SOX dts. JENSEN BEACH. FLORIDA 93~t57 ~
~oc~~aw ~ Lo~ t~:
~ ~ ~ April 21, , 77 = 3.5Q0.00
Sixty f50} Montfis ~i 9~2.20
ans. alat• ~na una.rstp~ee. ns~st~aRer wl.a I~AakK. (o+n~hr .na sevewhr p~„y„~,
' promiss(s) fa valus rooslwd to p~r to tM orMr of . tM PayN at It~ oHlos ~ _
~U~~'~U~~~O~f~~HUND~~u .~1~~ _ cnow ua io? ~a.
- - _ _ a a~+owh~ ir~. s~
~
Otl~? tNMNt~I ~
wtth i tenst tM~~a? ~t tAs ats ot p~r annun~, all p~yaDM 1n =
~_montnry Ustel~ments af t ssch on tne Oth day ot = '
NcA suoCSSSiw mooth Comrnsnclnp Une 6~ , 19
~ m. oa~ne a~ n,. ra~. as.os o•~ s~.oo on acn ~nswn~m ~n aau~ ia cEC s 3.5fl0.00
~ p«+oa ~ e~ a~o a~rs ~r oe u,r~.e ~n. ~o wa~ n~. ~wr ~a.a s.v~~r oor~ae
ts.ao. Wiar s nquind a w~r aN oosts a oolMCUon. +ncM~k+s a aasaut+M anon+.r's ~s {i~s? s
IN M n(~t?~d fot ooMcrion or Mpsl prooeedYgs. A!I papr~enls. wAMMr p~10a~. t
~ a c~r~s. no1 »~Irae rAws dir~ stWll pea? iMeres! ~ t4% per airrrn ANNUAL PEACENTAOE pATE
holn Aw d~ undl paW. All ptynMnts n~d~ henwWer stW D~ aedM~d IYSt
b~. IIMn b liwful ttwges tAen ~cttued. and f~st to principll-
n a~. o~•oa~a ~ n,~. soo~a~ea ar ~arw~c.a. a~. w~ sn~ ss a~+. a~ a sua~ .~?.~n na+w wa~ ?enMe a a~. w+en,Me
portl~on a tM cndN we inwr~ncs pr~Num ane tMwia cl~rpe and wdi olA~ abll as m~r e~ nqukrd p1? Ww a ~s aw b~ ~o~s~ry
b aroid uftlry. a~ nw me ~~?~n ~aw~ a~, r+~a a+xa a srs.oo. w~na~.~ a ~a on~..~+ea. ~nd aot~pt
b m. aa. a a reww~ckq. no n~w,oe a~trq. a a?«n~nn rotuna s~w a m~ M• ~moixns b Nss n~n st.oo. R~nnon a~nr
n+inYlNMn liointe SAiN bf MI adOMiOn b S~rvi00 d~itq~ if anp. My I~nqui~ els~Mrhw M?Mn b dw cmtnry notwRl~WfdYq• ne~Mr Pa~N
"°r'"~' sn~ "sce"° a'et~t" "`r `n~r°° a "~ars~ "°~'ti°r'°° ~ a". - . In lurtle Reef Cond. I,
As +or m. a u~s ~ae I~k~ n~s wwoeo a aeoosaea wdn Payee M. taow+iw
re rde o. C-18
(Includino y aan, s~odc mo oubr ~+rid~s ma a~ riphls to suDsaiEr tor secatu~s bctaenl lo. ded~na a Qr~nkO in carMCtioe wrn
wth P~oDMNI. Nf~icA p~ope~tr. bpether wMh yl idJAions ~nd w~stitutio~~s Dernfl~r pNdp~O or d~0~ witA ParN is caMd lM Oo~hnl.
ThO Colbbnl IS yso pledqed is fea~Np tor y oU1M IpDilities b P~ee (Pri~n~rY. seoondfry. anCt. oontipm~. SoN. foiM or t~~lf.
du~ or .b becan~e due a whkA oW be Aen~ller aontr~cEed ar ac~Med. d exA Wkr (ar al ead~ Wka ~n0 anf? cther Orsonl. The
sw~ender d this neM. upon PiY++x+?1 or all~etvrls~. s1+~M not at~ect ihs r1gM d P~es b rN~in Ihe C~Mr~I ior sucA dAr hDilti~s.
CREDIT LIfE sn0 CREaIT LIFE b dSA81lIiY INSUIIANCE ARE V'OI.UNTARY AND MOT REOUIREO fOR CRE01T. Sodl ~na cOrMiQi
e aw~inbM x Me cost designated eelow n~e wm a tne croen~ la) s ra a.All u~e in- z-
sunnoe (bl t tor Cted'n li~e b Ois~dNry Inswance: ~
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Uppl. O Gedi1 l~s In5!!nflC! ~ dss~f m!!,Q t~e o!
8ox
Birthd~te ' - -
? CnAit liq b D~biN111 1~ is des'red an ~
BYUb~te
XCl C~~dN Lite yld/Ot D~iNty I~ut~?ce is nut desire0. .
o~,: Aprt I 21, 1977 s~~e X"-~- r"-. ti,tdl l i am 0. Norwaod, Jr
• A - + 'i f _.N aw' / ~ ~f-~t./t.`~/~tr "~.1(~..w.. ? ~i~: Y ~
- - _ "-==i5 's ' RW
L,
~aa~eo~ co. ~ a~n~~ a. a~~« me coa~. v~r~as o~ ~,re a tr~ ~ a~~ a n~
a od~er loons rtnde D~~M a~M ~ tAe CoNater~l. m~ap from. tim~ b 9ms De ande without atfectin9 Ms p+nrfsions d tNs
nde. P~e s1W exerase re~asonsDie ca?e in tne aistoep and orosenntion d the CaMihral to the extem ~eV~red bp a~ofita0ie snluee.
aNd sA~ D~ OeMned lo haw eurcaed raisa~able q[e q it takes SucA attion fot tkat O~P~ as M~ker SAar rea~naEN~ te0uest in wri~Yip.
Dut no omistioe b Ao anY .xt nct ?ecq~ested bp UAaka sh~N be deenbd a hlure b eoaerci9e rpsw~iDle pre. and n0 omtssion b
odeDh ~A sny reqwst 01 ~Aaker SfiiM Ot ASlM bR dlernld a• tailure 10 ~ r6~sor~Ele tirl. P'~yes SAis n01 OE OOlnld l0 nh anp
swas neea~rr a v~ ~M ?iptqs In me coW~al ag~ orior a'~rd~s ana M~ke. sh~M nk. a~ n.cassa~r steos ra wa~ p,rvoses.
~ Pa~re~ ar Ms nomin» ewd no1 eaMed inferost an a pdneip~ d an~r CoN~hxa1 a gire ~qr natla wiM res0~1 b k.
; n~.. a.e~s ksen ms.w~e_ « ~vo~ cne n~oa~+~o a amr a n+~ iaro¦rg .~as. exa a,.n~a? siw co~snn,Ae a aea~s n.r«,naer.
i ~II ~ d sxA Yaker a Paye~ snan Maeua~ a maeaft~. at me oo~ ot p+~ree w+mout nonce a eemaiw. ee~ame aue ana wf?ae4:
(a) 1As I~s d x+11 (wt~ich term sfull mean u~A inthide e~th 1Aater. endorser. s~xety. sn0 guaraNOr d tl~is no1e)
~ !o a~Aorm airy apreement ner~n+oe~. a p~r ~t ~,ereon wi~in hn a~s atler It is aue. or ~ akre ee no eue ea1e. aner it Is ot~ea
I or atherrrise reabsted a dema~+ded. to pall ~~~~vh~tsoerer b Payee wMm due: Ibl the deotA d an~r OOlipar
i (cl th~ f~n9 a anr o~~ unea the B~NcnipECy Act. or any sYs+ilar sedenl a sta~ stalWe, blr a ag~st an~l OOiyO?: an ~opicatlon 1a ~
E tMe sDP~~ d a receirer fa. the makuq d a qenecal aui9nrt+dd tor the OeneNt d aed'dors M. a tAe Insdra~cY d~ a~ipar: -
~ n+e e~? a a~og~nem a~ m~: ~n n+e ~s~ny a anr arocnm~t a~r~trne~a. a nk f~g a anr ~ien. ag~rn+ sn~?
~ aopan a~m oo~o~: eo~ ~ne a~ a vossess~on a an~r w~unn~ oan or r~e arooe~+r a am, oe~o~ ae cne ~++x x~r ~a«n~ .
wthorMp: (h) me aissawuoo. merpe?. cansouea6on. a?eorym~zation a_~nr t~~ rne xsi~nt by aMr wker a anr ~r ~~r
d 1M CoN~tai ¦+tfwul the wcMMt? oonsent d Me Payee. fach Odsgor t~~Al? waires aM reouirocneel M nolite o~ Oemmd rdbctinp
~ wa~ soxiermon in~ta? as wcn reo~a?eman ee in aaaition ro Me mae exacise a am rdnedr ~noraeo in nKS No6e a ehe i~itutlon a ,
s~t by the tl~en holder_
Paye~ shalt have. Dut shaN ral Oe tMrteO M. the tWiowinp rights. exh d wAich ma~t be exaased ~t a~y t+me wAeflw a nal tlis ;
note Is aue: 1f? ro dedgs a uansk. nds nas ana me catate~al ane Pay~e shaN me~eupon be re~evea d all ~ties ana ~esvor~biitla
Aerew~dsr uwl retiered hom ~ at+d ~II Iiabil+ry wMA res0~ct to anY CaNaieral so 0ledged a Vansf~rred. and aery Dledgee ar trar~slerree styM
bt all Owposes stanA in the o~ace o1 Payee he?eunda and have aN tne rigMs af Papee henur~: (~il to transte~ the whob a x+11 D~1 a
tAe Co~a1~a1 iMO the naaie M Nsdf or itS nmrnee: iw) to vote tlie Ca~: (N) to noWY tAe Ob~gors d anjl CoRatenl to m~ce pa~n+eM to
P~ree d~y amouMS Aue or b become Gue thereon: (vl b danand. we br. cdled. or make u~ ~am~se ar sttq~n N deems
desi~aDle with rslaence ee the Cdlataal~ and (ril b take control ef an~r proceeds d Cauaroral.
Payee is he~r given a ben uoon ane a xw~ryr i~est tn an aovalr a evd~ ObRgor now « m an~r wne I~ro~lt~ tn n~e oo~sion a
. MM ~~r ~r wna~soeva. a~ca~dirp an na N~rKtee to zny oa?ance « share d aMr deposN. aust. or aqaKr aaaax.u me sea~y
ta tl~e DaymeM d M~is note. an0 a similar fid~ upon and seturitY interest tn aM wcA Propcrb d ~acA Mlaker as sea~r br the p~nent d
~ aa~ wo~aes a axn ~e~ ~o r,yee cnu~akw waowc+es a eacn ~a ~a a~?~r ome~ ve~a+~: ana ¢,re• si+~ +,ris m. sam. r~qns
~s eo wa~ aoper+r as k nos wNn rospea a u?e co~aro~. •
n Payee deems itselt «uecws ar upon ms awrraia a m eequa nerounder P~ree sna~ nare ms roroaowre ane abe? raneafes a
o seaaeo o~rtr u~ appRcaa. law aoo. .rhhoia rmidg n~e yenen~Ny a me toregorg. vares snaN nave tne rigM. Imrned'ist~r ane w~t
tuf111l? ~Cti01! by !0 S01 Olt aQ~MISt dMS f10q i~ m0~1lY Owld b9 P~ ~~Y 10 lidl Or i~ AAaklf: ind N fudl Sd df SA~
acur. Payee snyl Ds deertied to hare errerctsee wch ~i4rtt a sat dl and to nave made a d~arge agaH?it an1? sucA eioney iinieGiaM~r
~ ~DOn the ooairt~na d sutA OefwN eren tAagh wch ctwr~e is rnade or ditereA on ihe Eooks d Payee subseouerM tAe~do. Unbss the
~ Cae~t B~Shat~le a tlueatens ta ded'ine speed~r in value a is d a type wstort~? so10 on a roc~ized m~rlcM. PaYee rM~ 9M
~ Msker reasan~bla~ ~ ot tne r~+e and paa ot arty public sak thersof or d t~e time steer MApdi anY Prlvate s~1e or anY atbr i~dended
Aisooaitwn u~eo~ is !o oe maoe. n,e rep~remda a rwsonae~e oona slwM ee mM N s~,ai n~ke +s m~ea. o~ o~eo~e. to anp
n Wker at tht sddwss qivsn Odow or u an~r otnx add~ss shown on the rxwds d tAe Pa~ee ~I b~st tire d~rs Defae the time ot the s~le
~ a asoos~uon. uoon also~eion a alqr caeae«~I aher m. oewrrenee a ri~r aelaulr Neramaer. wker stW e. ~,e ro~? rawe ta mr
de8ct~ncy: and P~yee sAaA accoum ro f~ake? ta ~ryr wrv3us. Eut Payee sha11 lnre d+e rgM to sppyr ou or ~r P~ a~ s~Pws ia
~ a noie nb sme u a~s un ~ne ~ aner wawnes a s~cn a an~r ~awr a~.
~ No OWr ar aniss+oo on me vart d Payee in ~ro~ug anr riplq n«eunae~ sN~ll aWn~s as ~ waire? a wa~ riqln a a arqr oa~x
~ rqM wiaer ws eae. Pne~n+~n. oa~+ana. aaest. nake a a~s~,wwr. ~,a an~ston a t:ne .Nmou~ eotioe are ne~r r.aivea o~r exn ma
eren ~~?s• io+~r ~ s~~r. v~ ~a a~e a v~? ~ c~s a~ a~n ~o~eie ~o?~r•s +e.s
~ tnot +ess ma~, tox of ine a~oy swn) ina~ne0 or aaw Dy Payee b adacinp mfs ooce upon tns oaurta~ce a an~r aeburt.
~ My noHU ro Maker shall De suHicieMlY s~veA far aM PurPoses ~ lett upon or P~aCad in the mafl. Postape Orepaid. ~dMrssed to the qemises
~ i~ tAe sdd?tss st~n OeloM a an~r oihe~ address shown tm P~yre's rccads.
~ wf~eva tn+s na~ +s excuted try a co-m~Ncar a e~wo?se? wno is tne wik d a~naker or endors~r. ilN aaid wiro aoes 1~xebgr e~ast~r
xknowkdqe t~! withirt debt as he? piot ard individual dab1.
Enh d Maker acknowkAgK rrr.nn' ~ a~rrrp~eted coDY M tRis nde oryJbE,aDOw 4i01. _
~aa~,~ I295 teslie flr. : . . - ~
t'~erritt_ . ~m 0. ~orwood, Jr. -
is 1,~c~-; -,-~.-:-~9~- , _ f . ~Q ,
. f~,rent~J. ~~~orwood~~t{~~~~ , ~ V~
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