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TURTLE REEF ABSOCIATE8, INC= ' IN8T .~*ENT NOTE (8~cut~dl
~ , , ~ - ow~~,~,~;3~, .L _82_ : a~
? P.O. BOX a18. JENSEN BEwCH. FLORIDA 9S4s7
< <ounoM .
lo~n T~nns:
~ ~ Na. No. ~ , ' i? » vrooMes :-3 770.00 ,
Stxty (60)~Months ~~E = 1,036.60
aftu d~t~ IM uodarsipMd. MnlnattN ca11~d Malcsr. iointy and s~verdry ~
promiNls) tor wlw .~celved fo pay to tM o~dN of ths PayM ~t 11• ofNw
q Ilst abovs the sum o! t td i t ~ _
FQUR~TtiOUSAND E I G~ H~~ ~ I ~
~u~~~ ut.a
~~.~.~~.~r~~~~~o~~r~~~~~.~~w~~~ a Y~aMMy~ _
~~~~~~~~~~~r~~~~~~w~ •
VN~ ~ /~IA{~~ - .
with Intsnst thshon at tM ats of • ~K pK annum, 1 a~bls In
~_monthly Instalims~ts of t on tM ,~day of :
eacA aucces~ive nw~ih oommsnclnp ai ~ AMOUNT
~~w c~+a~i.a a~ m. rn. oa.os aw s~.aa .xn ~ w~ a~ ~o? Fl+~~+c~c s 3, 770. 00
a w~oa ~n .~au a~o mrs ~ a cnx~e nw~«. No ~ucn an sn~ «aeo s~o~~r oo~ecaa
t5.00. Wlnr is npuin0 a p~y ~II cats a oo~ctbn. inciuarq a n~sonmN ritornM•s cA~p~s c~Mmlr~) s
I~e N nMnd lor cWMtrion or Mp~l Pra~dYgs. I1M 0~, ~ O~Dy, _
Y~urat ar otha~. no1 nnMwd wnm aue sh~ Ow MN~r~st ot 10% DK ~n ANNUAL PERCENTAOE RATFI~%
+~o~ aw a~. u~ oa~a• ~u ~ri nna~ n«wnaw sn~ e. cne~ao nru
a~. nrn a w~nw ayr~.s n~a~ a~wuea. ana ~ ro o~ap~.
n a. ian s o~.~a h ror. xaw~a « n~+~aa. nn wkK ,nti ~ a me a~ a wa~ .wm ncw. sucn ?.wne a au umr~a
DaUon al dr aWit rr~ r~xana pw~un ~nQ M~~a c1~rq~ and wcA ofMr aedN u m~r 0~ n0uwd O~r I~r a ae n~r De mo~wry -
b~010 usury. provld~d qW tn~ Ho~e~r map rwr~ ~ n~N~Ynua~ 8n~na cA~rp~ d~5.00. rM~NAK a na atMrwis~ e~nNO. ~M e+oo~pl
b lh~ as~ d a M~ndnp, no hwrc~ clyrp~ ar pnrNwn nlund sA~ 0~ nad~ / N ynouats lo I~ss M~n i1.00. tNlnMlon W~
n~Me fln~nu sA~ De in sddilion b savio~ dntw N anr. M~? hn~~ Msrwlrr~ liaeln b th~ ooMrary no1wi11~Np, twiAw PapN
na mp OolOer nersol sA~N r~nM a rebin anp darq~ or inNrest no~ arow~d Dy ~w.
~~•«~+n o~r~ a n~ ~a. wk«~s ~oawa ~ee~pr In Turtle Reef ~ond
recerded in 0 R BOok 25~J, Pa~~31... ~ntt r~teec~°~i'~ n. o. ~
,~e dpccribed in sfed ~ert~~g~ ,
(M~ch~0in0 a~ CnA. sEOtk aRA otlia Q~vfOe~Ws ~nd ~N riplds b wbsc~ M? SeaMifMs intidMM b. dOdirW o/ pranMd il1 cannetUoll wMh '
wdi Pro0KAl1. wMch prapury. IopMha w~A a11 sd0idons and suDstllutions Mrsifqr pedp~A a d~posfMd rritA Paye~ fs caNd IIN t~aYNrr~i.
71M CoM~tenl IS als0 pNOp~d as seWrilY fOr ~ fXMr MiO~ities b P~ (Drirn~ry. s~opn0~ry. ~net. OOn6pMM. SoN. 1~M or srr~r~.
d1N 0~ b 0lCOnN dYe o/ wAiCA nliy De fNflilUt o0nlraCl~d 0~ iOq~Mf~A. d evdl Miklf (0? d eidl Malt~t ~Ild 7f1~i CIIM~ ppS011). TM
surreea~r a nas na~. ~ooe aarmem a omw+~+a.. sn~ ea mea u,. ~ a P+r.e a nntn aM caw.?~ io. woa aMr ian~u~s.
caEOrr u~ y+a c~ar u~ a as~~m iNSUwu~ ~ vau~rr~wv iwo Nor a~nu~~u Fon cn~r. s~n r~ oo~,~
~s an,~ea a aie oost oesqnaeea o.aw k? an wm a a~e uedit- ~o~ s +or C~reoN ua ~n-
s~,mce ~o~ s Mr credll lile a oi~or~ry ~ns~umc.:
CNeek -
~pp. a creaa ~ae ~nwrmoe is aesreo an nn ws a
Bmc .
8irindrie
O CndN Lik 3 OWOiRp I+~sunna fs daired an . i
~
At~GWil Lile~arld/o? DisiD~ilY Inwr~nce is no! desire0. _ ~
o~.:: ~`~:;~-~~_..~..y I'l77 s~• - nnld H. Kenny :
r s+c~ = L f i 1 dred Jean Kenny '
d'
AOQ~f01K l0. fl~IId10M Of ~YCDi11QES 01. Of ~UfIOfIS 10f (1M QiylllllNS 011 ~OOOYI1~ 41 Ulif IOill ~ICfHSlS d UN tiI1M. . t
« otl~ am m~ae w~hr a wnoMr uvon me cayta~. nyr han t~ne a an~ De apd~ «iMow ~ me praNsio~ a ws i
note. ?ars sIW e~oer~tise ra~soruDb we in the CusloOy and ptese~valion d ths CaWlenl b Me aknt rpuired M i~DORt~bb splule.
and sfu~ Os AeMMd b Arie sxercised reasaiibM tan ~ it taka wCh atfion br M~t pufpo~ ~s WkM aAi1 ro~sayD1Y roq~ b wrNig.
but no amisslon !o do ~r ad nol requested by Maker sA~ be d~dned a fawre b~dse ~bis c~re. and no aHSSron b
~~Ph ~M ~s~ d Maker sh~N of itseN be deerned a lailure b ez~st reisombk are. P~M sA~~ na De bound b Wa any - ~
sMPs D~~~ ~~pMs in the C~Stenl sp~t Prior OutNS and M~w sMM tab ~ r~s,wY sqps lor such purpo~s.
PiyM or ks nOaiY~M nMd not odbCt MKaest on Or ptintip~l ol airy CO~leni or pive airy natke witl~ resp~d b a.
H P~yes dem~s ibeN iraears. ar upon the tqqper~p of an~r ot tM Miowiip ev~ts. exh d wMcA sl~ri oonstilute a dN~ Arw~.
' ~ R~ a aa~ wr« a Ps~ee shaN n~uoon « n~ealle?. x a~e oouon a Pa~e. w~mo~n oouce a aarono. becans ew ane va~noh:
i (o) t1» taiwe d aMr ~bYpo? (~r1~id~ le~m sh~e man and Mrclud~ evd~ I~Icer. endor~er. wMy. ~nd yuu~MO? d tl~ts nof~)
I b Derk?m airy agre~menl Aereunder. b p~
r inlen~ hete0n wNMn 1en d i
y s aflr M IS G u O. or N tlMn b~ ta dut d~. afler it is OWd
~ a odiawise ropuesfrd or ~iWed. b pay an~r otAer WpYM/ wAitsoeve? b Pay~s rl~ea due: (D) the 0Wh d~ OElipa; .
~ (e) ~ tiMg a mfl 0~ w~der tAe BaMaupkyr Act. a any sin~r Iedery a sple st~luM. bp a ap~inst aM ObR~or: (d) an applcatlon la
~ a~ ~voo~a a~~? me ~ a a~al assipnnent fot tAe ~eneRl d ubilo~s bp. or tbe Y~sdnenqr d arry OOlipor:
Ie) the enuy M a ~ueqement ~ a~+p Obli9or t~ tAe iswinp d an~r allaclrneM or ~mislnwN, ar tne 9Ynp af mp ien. sp~YW a~7
D~~b a aM O~M9a: ~9) Me tsking d po3session W anp w0~ntpl p~rt d Me property d an~r ObNpor ~ Me insqnoe af arry yoNrmwN~l ,
~ suMo~iry: (hl Me dissaiudon. mer~, oonsolidatlon. or reorpuazatlon d anp ODligor: (i? the usipnn~t b~r ~r M~1cer d arhr equMp in any
ot n~s coR~y v~tno~,~ ak wrilbn oonsem a nb va~r~e- Eacn ooNgor n~br ,~aives anr ~qukpr~a a naja a aenwa r~1lx~dnp
wcA xpiaation insofar as such repuirert~erM be in addition ro the rtwe acndse d an~r romedp ~florded in Ws Nale a the instiWGOa d
wit by ths theo hol0er.
Pa~ree snan nare. an stu1~ not oe amirod to. me toNowug riphts. eacA a1 wAich m~y be exercised al airy time whelMr a not thts
l1oN IS hcle: (il t0 plDdgR Or transflt MiS nde Md thE CoMatlnl 2nd PaylE ShiM IIIlrollpOn D! refiNed W 7N AulilS ind ~
M~rdundM and rNi~wed from any and aA li~biiry witA res0ett b arry CaN~tenl so piedped a trmte~red. ~nd ury OM4Yee or Ir~sferra~ sh~
tOr a~ purposes SWW in thE Place d P~yee herollnd~r iIW M1ive iM tl10 riOhtS d P~YM heratlldr: (il b tn~r Me whoN or anv mA d
me ca~r~1 ano nr iwne a itsen a its oaerM.: t~il ro va~ a~e ccN~: (h?) a noury me oowpoa a an~r co~l a nnks p~m~a a `
Payee d an~r amounts due or ~ betanb Aut thereon: (r) to OenWnd. sue lor. tdeCt. or m~ke anp camprorNSe a s~tNlmeM it dNms
d~sY~ON wiM Marence b the Co~terb: and fvq b take cantrol d ury paeeds W CoWery.
~~~~M 9~ a uen uoa+ and a sewriry Yraest in ~ property d each OOfigor norr a at aqr tim~ hKwt~er in the ocssasioe d
P+r~ ~~r av~cNr wnanasver. inaud~np aa na 6milee b m~r wt~nce a slnre a an~r aepo6il. mar. a apenc~r accoum.as n» s~a~iryr
ta Me p~yrnent d Mis nMa. and a sidiar Yen upon ~d sewriry in~rest in aM wd~ properry d evch M~ ss seaxil~r b? d» p~ ot
~ od~ IhbYitles. d eitA Maket b Rayee (Y~cM~ig IhDi60~s d eadi Wker and airy alAe? OersAn): ind P~rM sh~ h~s tlr S~M riplMs
~ as b wch popKry as it has waA respett b tAe CaWenl. =
n P+~re. o~ns aserr inseaxx~ « upon me oocwrenc. a anp e~11 ner«aber P,ya sMi ~w. aie ~orsaown. me aaier ren~s a .
~ a s~aKw prryr unde. ~ppscaae ~aw ana. witho~n Ifn~iWq cne ye~fup a me torpoing. vayei~ sw~ aris nr riym. iornsaiatehr ane witl~out
hxih~r aCtion bp N. b sef o1f ag~st WS noM ~ mOnep owed b~r Fsye~ b airy c~pacM~r b e~dl or aqr Yakrr: and M such Set 011 sA~
~ oaur. Pal~ slqB b~ ded+~ed to h~vs euerdsed wd~ ripAt d sd afl ~0 b h~e mid~ a Mxpe ap~insl any wch mpne~t Y~meAq~h
~ upon n» aauanoe a wcn aeauM eva~ moupn wai chuye fs m~oe a«~erea on aie oooks a PaYee s+~bsequee~ n,en4o. wd~ess !Re
~ CoY~lenl is perishaEle a threata~s b dedins speediy in walue a B d a ryps n~m~i~ sold on ~ roca~Nied nnrtel. Parie wf~ qNe
~ wab? r~le ~otics a r.x Unx ane oyce a any pi0fic s8e mereol « a aie ame aher whiea ~nr orMh s~l. ar an~r an~er Yn~ndeo
~ ~Spo~ion MaeW is b be rwde. The roquiromap a1 rasonabie notftt sh~ be mM i wd~ notlo~ is m~ied. post~ps prep~id. b any
aK ~ed~s ~ odo~. a s~ ~ a~ aoo~ess sno~ o~ me ra«os a me P,r•e ~~u nMS a~rs oeiae me r.~+e a me sye
ar ~so~on- uoon aisoosNia, a anp cal~a~l x~er me oaurrenoe a nqr eefwN nereunaa. wke? slu/ ne ana rom~in wae lor ~,y
~ deMde~r and Payee sn~ll accoum ~ Mycer ta an~r savD~s. but PaYee sh~ tare tM nyll~ to ~ppy ri a~r Wn a wd~ saDk~s lar
b Add ihe s~rne as a reserve ag~instl airy and ~ otAK I+~biiees ot eacA a~ry M~ur W P~ree.
~ No 0e1~ or amissiun on the poA al Payee in ~ an~r ripht I~w~nde? y~ aDa~le os a wainer d wd~ rlgM ot d mp op~
~ rfplM un0~r Mls nafe. ReseMment: dern~nd. D~oFest. nolite d dishorqr. and atension d 9me witlioM ~ are Aereby w~ived b~r eod~ md
~r ObYga. The Ob6pors. jartq~r and se~yh. DrarNse snA ~proe b p~r ~ aosts d ooM~ttion and ro~somElt attor~'s te~s
~ t~a ~ss m~n ~ox a ms a.wroa! wmt ina,ma or p~ia o~r gr.e I~ en+ordn9 u~is not. ~von me aw~ra~e a anp ae1~t.
~ AM nolia to ~Aalcer shaM De wfficiently serve0 tor ~M putpOSes N IQft upOn 0? Ot~Ced in Me rtW. pOStspe P?ep~id. idMaS.Sed b~le promises
71 tAe addrets sAOwn bebrr Or arry qf+er addraSS 5110wo cm PayeE's rapprdS.
vrl~e~ this no!! is aaute0 bY a co-maiar ar endorser wAo a the w:(e d a maker a endorser. tM sai0 wife does Aaeby a~es~r
xknow{edge tAe wlMin deM as her pM and iiWlwiduil deDt
~ ExA ot Alaku acknowte0yes recapt d a cempleled coDy of Mis nde on '
304 Pine St. i ~ ~
1+~ ~ ~ee~M~---4~i ~G6~- a 1 d N, Ke ~ ' _ . ~
, ~ , _ Is..4
~ Mi'idred~ Je~` Ke~ny p~GE ~C7~
. ~ _