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Home My WebLink About0558 TURTIE REEF ASSOCiATES. INC. INSTALLMENT NOTE (Secu~ed) ~ . - ----~~r~ ? Ow: ~ tY _ _ ~ P.O. BOX 618. JENSEN 6EAC~, FLORIDA 33457 ~ - ~ toc~rqN Laan Terrt?s NoN Na Dat~ ` ~ ? 1f ~aoeds t 1 j ~ : , . _ . . ~ i .a : FINANCF, , , ~ ~ _ , i . . ; `.~~I _ ~ - CHAR(iE S _ L - atter dats the undersisned, hereinafter called Maker.~jotntly a~d severally paumentary promiss(s) for value ~ecefved to pay to the order of the Payee af its office Stamps f__;,;;,..;__ as Jisted above jhs sum ot potal ot paymenta) _ _ ~li;:''y'. , ..-T: - - 1~_ • ~r~, il _ creoit llte ia ~ite s:~ , j~ R Disab+~iry? Ins i--- ~I~ QIAer lite+nilel ~ S - wltA Interest thereon at the ~ate oP ~ ~'~_'X. per annum. ~II payabte in s moMhty. installmeMS ot S~~,,..;. ch on the _ t,~;~ day of S_ _ each, successive montA commencinq on J.:. 18 AMOUNT A fine compu~eA at tAe rate oK.05 ~er it.00 on eacA instatMnent in detauq tor FINANCED S' ~ period ~ e~ctess oi 10 d~ys may Da cliarped tAe maker. Mo sucA fuie stWU exceed ~retshr cdkcted 55.00. UAaker is roquksd to pap aN costs M cotlection. includinp a re~soryDb attorney's chages (itamitel S ~ fee fl rofwreC lor tdttttion or bgal Grrceedirgs. All payrnents. wikthet printipal, t~_._ inleresl a otAerwisa, rat roteiived when due sl?~1 beu mterast at tOX per annum ANNUAI PERCENTA(iE RA~E',~._% from due date untd paid. Ap payments m~de hereur~ sAal! De trodited tMSt lo intetest. thEn M Iawful tharges Men accrued. and IaSt to GtinCipal- 11 the loan is prepaid in IuN. a~.~celerated or refinanced. the Wlaker st~ as d the Qate al wcA event receive SutA refund M Me uneune0 pORiOn W the uedit iite Mwrance prerrtium and tinanoe charge uW such ofAer aedit a3 may Oe repuirod Dy law or as may De necsssary to avoid usury. ptwi0ed that the HaWer m~y tetain a mininwm fi~wnce cl~arpe of 525.00. wAetAer a not othervr~se euned. and except - M Me case d a refinanting, no finance charge a premium refund shal! be mads it a arnou~ts to bss tAan St.W. Retention M any minirtwm fi~ snaN be in addition to service ct~arqe N any. My language NsawAere Aerein to the contrary notwitASqnAing. neittbr Payee o0r 7HI~t AOIdlt t~ereof Shall tEteive or tLiain any charQe or int~est nol allowed Dy law. ~s securiry ta tne valrment ot tnis rate t~akw has p~fgeo w de~osaed ~m pa~ee cn4 ~°q~"~,4:p~Qperry- : j :irr:Tf'St irl i7`1' 'c':`f i'~ 1, ' C~1; 1 I'£'C'C1'c. : . t}~, - - . . .1 - . ^ ~ i ~n . ~ i~_.i '-.1 -,c•~~a~c:l'.I~',!,r_;~ ; ' ?.C :.~!1'4'L ~ ~ . i ' incNidtng ~II cash, stotk ,and otAer dividends dnd all rights to~5ubsuiDe tor securities intident M, detlaro0 a grante0 in cpw~ettion wiM ( - suth property), wi~icA property, together with aN addtions and wbsiitutions ?~ere~f~r pbdged or deposited with Payee is calkd the Cdlateral. ~ TAe Cot~teral is also pledged as SCCLfIty fOf aN OttIC~ IiiDillti65 to Payee (primarY, secondary, diroct. contigent. sob. jodnt a seve?a11. + ~ due a b become due o? which may De trcreafla cantracted a acQuired, ol each Maker lor of each Make~ and arry aAer pason). The wrrenda of this note, upon pa~t a oth~v~wise, sAall not affect tAe rigM d Payee to retain the Cdlateral ter such otha NabiGtias. CREDIT UFE and CREDIT UFE b 01SABIUTY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CRE01T. Sut~ i~urar~te coverage ~ N ~ ~p : fs availaDle at tAe cast desgnated Detow for Me term ot the credit: la) S tar C~cdit ltle io- ~ ~ wrance (D) S_ ~ lor Credit lite S DisaDitity ~nsurance: _ ~ w G~eCk j ~c Appl. C CreQit Life Insurance is desired o~ tAe tAe W . ~ BirtAdate ~ ~ Credit lite d Disab,i~ty ~nsurance K desked on ~ ~ ~ ~ _ B~rthdate Credit LAe and/or D~saDiiiry Inwrance is nW desired m ~I ~ m Oate: : ~ • ~ 1 ~ SignaNre 11T_~' 1C`~ 'r. ~Y~t..~ _ . " , . . ~ a Signature :1 .1 f ~ ~ Additions lo. reductions a excnanges ot, a substitutbns fa the ColWte~al, payrt~ents on account of Mis ba~ or incr~ases d the sart+e. ~ or dher toans made partiatly a vrnoty upon tAe Co!~ateral. may tram time .ro tvpe be made wimout attecting the prorisans d tAis i no1a. payee shaq e+eercise reasonab~e wre in tne custooy and oreservation of ~ tne Cat~ateral to tne extent requaee Dp applica~ sUtute. ~ a~ s1~aN be deertied to have exxrased reasonable care N it takes such action tor that purpose as hlake! sha8 rwso~abty repuest i~ writing. ~ ~ Dut no anission to do any act nM requested try Maker sAall be deemed a faiture ro exercise reasw~aDle ca~e. and ra omission to COrttpty witA any repuESt ot M2kCr ShaN Ot itSClt bC dEemtd a fa~iurB tp euECiSE reaSOnaDk CMC. Pdyp.E SAdp not De eound W ta~ce any steps necessary to preserve a~ry rigMs in the Collateral against prior parties an0 11Aaku sAaM take all netessary steps tor wcA purposes. PayES a ils nominee neEd not collett intMest on or prinapal 01 arry Cdiateral or give amr ratitE witA re5peC1 to it. I} Payee dedns itset~ insecure. ar upon ihe happening ot any of the fdbwing events, eadi ot wAkh shatl tonstitute a default Aerwnde~. a!I Riabi~ties M each Maker to Payee shaU thereupon or thereafter. at tAe option d Payee withan notice a demand. Decare due and payaDle: (a) the tailure ot any Obl+ga lwn+ch tem~ sAalt mean and inciude each Maker, endorser, wrety. and guarantor d this notel to pertorm arty agreert~ent hereurider. to pay !nterest nereo~ w~thin ten days after A is due, ar if tt~re be no due date. a8er it is biUed ~ a ott~wise reQuesteG a demanded. to pay any other Iubiliry whatsoever to Payee when due: (Dl the death of any Obligor: (c) tAe fiNng ot any petition under the Bankruptcy Act, or any simitar tederal a siate staNie, by or agai~st any OWigor: 1d1 an apptication for ~ the appointment ot a receiver for, the making ol a general assiqnment for the DeneFd d ueditors by. or tAe insolvency d dny Obligot: lel the entry of a judgement against any ObEigor Itl tne issuing ot any attathment or garnishment. a the filing of a~y lien. againsl arry ~ prape:ty M ar~y Oaioa 1g1 tne Wking M possession ot amf suDstantial part M the property M arty Obligor at ine instarke af any goremmenW authority: (hl tAe Q~ssdution. merger, consdidatan. or reorganizat+on of ar.y aDlig~x: lil the assignment by ar~y Makcr d amr equity in any 3 of tAe Coliateral without the written consent oi the Payee. Each Otrligor hereby waives any requiremeM ol not~a o- dema~M reflectiog ~ suth attderatan insotar as wtn re.auirement be in a0dition to the mere exertise ot any rert~edy aflorded in this Nae or the institutia~ of ~ wft by the then hader. Payee Shall tave. Dut shap not be timit!d to. the fdlowing rgAts. each d wnic~ may De exertised at arty time whethet a nat this ~ 110tE iS dUl: (I) t0 p!ldgE OI Va~S~C* thi5 nOt6 and tt~e Cw~aterai and Payee Sh3N IhCfCU00n bE tBtiEVCd pi aR dutiES afld fBSpOnStbilifiES ~ h~eunder and rHieved from a~r and a11 i~adtiry with resoett to any Collatcnl so pledgeQ ar harnterred. and any pledqee or translerree shalt ~ ta atl purposes stan0 in ths ptace of Payee hereunder ana have a0 tAe rights M Payee t~ereunOer: (ii) to transfer !Ae whok a any part d [t1E C01latCfal into 1hE ~amC of iSSetf ot its rqminEE: (i:i? to vote thE COilatEtal: (iv) to nOtity tAE Obliqors of amr Cdlateral to rrgke pay~riEr:t to Payee d any amounis due or to Decane due the~eon (v) to demand, sue tor. cdlect, a make any campromise or settte~nent it Aeems a dairaDb witA retererwe fo the Cdtateral and (vi) b take wntrd ot any proceeAs ol Colfaterat. Payee is hereby given a t~ert upon aM a securiry interest i~ aN property d each OWigor now a at arty time hereafler in the possession d ~ Payee in arty capacity whatsaever. including but nd limited to any Dalante or share d airy deposit. trust. or agenty atcount.as the seCUriry far tAe pEyrttent o! tMS n0te, and a 5irt~iWr GCn upOn and SeCUriry interest in all stK'.h ptoOeAy 0~ eaCn Maket as SEwriry tor the p2Yr~rlt d ~ an aner uaaxc~es ot eacn Maker to Payee i~ndu~'xJ twD~l~ties of eatfi Maker arb ariy Whec pe~son): and Payee ShaN have the same rigAts as ro wcn aope?ry a: ~ nas w~m resaec~ ro me cawte~a~. I( ~ayee deems itseff irtsecure a upon the aaunence M arry defaull f~ereunder Payee shaU have tAe forx(osure and otl~er remedies d ~ a saured party undu applicable law anC. ~vithout Wniting tM generatity o1 the foregoi~g. Payee sha11 have the right. unmcGiatdy and without ~ furtAer action Dy R. lo set ott against tAa note a0 rtwnay owed by Payee in any capacity to each or any IrWkev: and n sucA set df shall ottur, Payse sha11 De deemed to have e~ce?cised wth rignt of set oft and to have rtude a charge against arry wcA ma~ep imrneOiatel~r " upon the oaurren.e at sucA GetauR even tnouqA wch charge is made a entered on the bodcs of Payee suDsequent the~efo. Unless tlie ColWteral is perisAable a threatens to deGu?e sDeed"dy in value Or is ot a type wstomarily sold on a retognized r!~rke1. Payee wil yivE Maka reasona0k noiice of the ti;;~ anA place of any public sak thereof a ot the time afta whicA arry private safe or amr other intended disposition thered .is to be made. Tne requirement d reasonaDk notice sAa11 be met d such notice is maikd. postage prepaid. t0 any - Maker at the aGdress qiven bebw a at amr other address stiovm on the records d the Payce at least fne days before tiu tirne d the sale or disposition. upon disposition d any Coeater~ after the occurcerice ot arryr detautt here~mder. Maker shaN De and rertiain IiaDk for arryr de(wiency: and Payee shali accounl to AAaker fa any surplus, but Payee shaN have the rigAt to appty au or any part d wch wrplus (a _ to Aold the same as a rese~ve aqainst) arry and aN alher tiaDilities at each or any Maka to Payee. No delay a omission on tne part d Payee in e~ce?cisinp any right Aereunder shan operate as a waiver ot such rgnt or d any dha rigAt urber this note. Fresentment, 6ert+arb. protest, nocice d disAOnor, and extension of time without notice are hercby waived Dr eacA and every OWigor. Tne O~ipors. ~oi~tty arb severaMy. promise and agree to pay aR casts d cdlection and reasonade attorney's fas - f+at less tAan tOY. ot tAe D~ndoal suml inarred a paid Dy Payee in entarcing thfs note upon the ocwrrena d any detaud. Arry riotice to lJaker sAaq be sutficienty serveA far all purposes H left upon a p~aced in tAe ma~. postage prepaid. addressed to the prem~ses at the address sAOwn De1ow a arry otAer ~dress sho~wn en Payee's records. - wherevd this nole is excuted Dy a co-maker a endaser who is tt~e wite d a maker ar mdorser, the said wite das t~ereEy expressly ' aCknorvkAge the witAin deb! as hN pint aM inCividual Qzbt. Eaclf of !aake~ acknowlMaes recemf ~f a ~ompleted coDy M tnis note on tee a~ove date. ~ ~aar.ss: - . . - ~s..n - ~r. _ ,,y- , - - ~ `~,j~ ,i ? 1 { ~~-~"'w ' 1~0 . ~ ~~~K~oV r;cE tJ~U aoaK~~ PACf~~ ~ - - - - -