HomeMy WebLinkAbout0766 s ~ . rl j
INSTALLMENT PROMISSORY NOTE ~
TURTLE REEF ASSOCIATES, INC. * . !nl ,?~„a,m ~ta.~wd , , = 10,420.00
BANK NAME (B) Phmium fOt C~WIt none
Jensen 6each, Florida 33457 uaia~.a~~a _
~ci o~~?~.ry s~ : none
OFFICE ApORE55 ~o? o~ cti«~ a~«~+u.~ s none
~E~ = none
NOTE NO. DATEO: AUQUSt iS, ,~s 7$ ~F~ = none
2 sa (G) Amou~t Finanad lo,a2o.oo ~
oue. August 6 , t9_ e, c, o. e. F~ s ~
! •A! M
~ t111 If1LNpi i
PLACE: . FLORIpA 111 G~dit Invutiy~tion i ~
UI Oth~. i
fp ~q111! r~CNVlfI, tM YI~dKfi~Md (hNNf1i}tM Ca1Nd "Mak~r"I lointly and sevsrslly (it (K) _
mor~ M~n on~! prwew w p~y co tM ada of tA~ Bank, st its otficy listed above, M~ Toal _
ot Aw~~s ~r~om INI a~.gnt~ or ~16 .525. 20 ooua.s wvei• 120 ~U !
eo~~ ewn~h Msw~~u ot t 137.71 , th~ tirtt ~M~ F~NANCE CHAROE 6,105. 20
IH, I. J, K, li s
,~tcMinynt dw p~ ~ . 19~$. ~nd wbseqwnt insullmtnti dw on (N) Total ot P~ymenq + M) _
th~ 26 dsy o~ ~~wnth tMnsfter=to~t~Mr MnM a FINAL BALIOON PAYMENT OF: A~IINUAL PERCENTAO~ RATE Xi
S OUE - - 1~
~ eank ~u uripw~ ~ dN~,qwney ehay~ ays~ns~ eh~ 1Aalur on amr wr~t whkh ha b~oom~ du~ snd nmaln~ In eMf~ult for ~ pMbd In ~xaM of 10
days in sn anwum pual to 5'X of tM snaunt of tM p?i~eipsl psrt of th~ p~yrtwnt in d~fwlt. In tM w~nt that N+~ Not~ k not p~id In full ~t ttwturtty, all pay-
„nna, w1,~tl~r pr;ncipat. ~nte.~~ or o~huwi~, s~ll bea? intu~st ~t ths maxlmum le~l r~a slbw~d undu th~ Iww oi tM St~t~ of Fb?Id~. All p~yn~+ta end~
ne.~under sAaN be vdited tirst to ioarest snd tMn to principsl, howeva, in tM ~v~nt of d~bult, dr 9ank msyf~ in Ib tol~ diuntion, apply ~ny payment to y
~ntenst. pi~c~pd andla lawful chsr9es tMn sccru~d. It is th~ int~ntion of tM partia htnto that th~ Prwi~loM Mnln th~ll not p~ovld~ dl~~etly w indtr~ctly ~
iui ilie ~3i"t~na~~ ~ i~fw'a33 fii'a~'s 33 iin~pt 3i L~ 3iL$:1L~.Xi 8} i3ij' tSL~ti: C~Ei~jQ;~E~t ~&~l~C~ ~3Y ~lt. ~4t ~t~' £k1~ :£t~E.'!3t !XEl33 t~~ lfSC#1 ~~lL~ 4t j
, d.,.9. o~on~ae.d oy ~sw ~i .t s~y e~m. a w~d. sny wch •xcess shau Nch.. canuiiun arf b~ tnahd a• payn~snt on c~ prtne~pal or 6~ r~funddba~y ~
to rhe ~Rtlc~r. , .
T1f! Y~It~r illfy prpiy t~N MtiM unpiFd bilirlC! Of tlfA I0~11 et A~y liml. II lIN IpM I! pr~pAlll (fl ~UII, ~tpllr~t~ 01 t~1M~1tld, (11! ~kR fhN) r~p~iv~ ~ ~
re~und of t1~ unwned pation oi the interest md inwrance premiumi can~wtad by tM Rul~ of 78's m~thod, ~xppt th~t tl+~ Bank sh~li b~ ~ntitl~ld to nuin j
a nreimum inte~est d~u9e ot s6.00. • i
i
CREOIT LIFE ANO CREOIT LIFE 8 DISABILITY INSURANCE ARE VOLUNTAfiY AND NOT REQUIREb FOR CREDIT. Such inwranoe eovKape is ~
~ilable s~ iM eost d~sgnsted below fo. the term oi the uedit: Isl S fw G~dlt Lif~ Inwnnee !bt 3 /
tw G~dit liMe ~ Oisab~Gty I~suranc~:
p~tk Gdit 4fe Irqursnee is dssired o~ the liff of
App~_ glrthdMt~
Bo: ? Gedi[ L~te S Disab~lity Ir?sunnp is desirtd on
Birthdate ~
r~ + ~
U Ged~t Lih and/a D~ssb~lity Insu?ante is not dasired. ~ -
r
o,~: Au~~, 1978 s~9~~~.~ ,
, E n Pau in . ~
Segniture - j
in Turtle.Reef ?
As s~wney for [he psym~nt of the Note the Mske~ henby grants to the nk a aacwity m erest in ~he f~iwirq propKty_ ~
~ -~Cend I~ R~cerded nn 0 R 6nok 263. Paae 20Q2 . Unit Neeks 3 and ~ 1n Cond. D-27,
~ Ant Ne Q-27 as dpcrribed in said eaortaaaP
mckiWng s11 mcrwes, wbst~iutans, replscert~ents, additions snd accessions ihereto and in the proceeds thereot lhenin~it~r calbd "Collateral"1- This s~urity ;
mterest shatl a1w s~cure ~ny other indebt~ln~ss w lisbility ot the Maker to the Bank dir~tt w indirect, absdute or contirytnt, dw or to b~com~ du~, ~ow ~x-
~sunq or Mna~tu sris~ng. ~ociuding N~ luwre advanc~s w loa~s by tl+e 8ank to the Maker. ;
i
Th! Bink it ih0 ¢v!n i IKfI and i f~curity ~nt~rKt in i~l prOpOrty and itcur~tilf o} th! ~lr, QndOfflr, furltY. QWrantOr Or sttOmmOflitiOn pirty Ot thif
Note (INreiMftat n~ernd w ss tl~ "Obligo.i'1, now in a ~t sny time hereatter oomirg into tAe oontrd, antodY or poss~ssion ot [h~ 8ank, wMthe. fw eM ~x- ~
atsad purpo~ ot bein~ wed by th~ Bank as Co11uK~1. or tw any other purposs, and upon anY balance or bsl~nc~s to tM a~dit of any ~ecounts, includirg
~r~t snd s~eney aoeount~ msintsinW withtM B~nk by sny of the Oblipors, and the Obligors a9r~e to dNiwr to tM Bank additio~sl Co11st~~N w malce wd~ ~
payrnmtt in r~duetion of tM princ~psl smount o~ the losn as shaN b~ satisfactory to the Bank, in the svent the sforemsntio~ed Collatersl shsll d~cline ~n v~ue ~
w bKOm! uroititfsetory to th~ Bink. . ~
Additiona io, r~duct~oos o~ exdearges of, or wbttitutiaa tor the Collsteral, psyments on account of this lo~n or inu~sses of the arrr, or otAe? Ioans m~de
partislly ar dwlly upw~ the Collstenl, +rwy (rom time to time bs nwde without affeeting [he prarisions of this Note_ Th~ 8ank shill ex~rcit~ r~uonsbN car~ in ~
ine cvstody and praavscia+ ot cM Co11~ms1 to tb~ exnnt required by spp~icsWe stacute, and shsll be dNrtNd to haw txNCiMd rWfonab!e qr~ if it tak~s wtA ~
xtwn fer tAn purpon at 1Rak~r sha11 .~sonsWr rpu~t in w.iung. bu~ no omission to do soy act not roquaad by MakK sMll b~ d~m~d ~ t~ifur~ w~,u.cae j
~n~asonal~l~ c~rt, and no omision to comply with any rpue~t o( Msker sMll of itsNf b~ dsemed s fsilure to ~x~rcis~ r~~son~bl~ ca?e. Bu~k shNl not be bound to i
take sny sLpt ~ity to pr~sNV~ sny rphts in tIN Collat~ral apsiMt priOr ps~tiq ~M1 MikN thall tsk~ all nece~s~ry tt~pi for wth purpo~es. TM 8ank or ~ts ~
~onwnw n~t nut eolbet inta.~tt on, or ~ principal of, p~y Collstersl Or ~iw sny notiq wiM retp~ct to it_ '
i
The _Bar~c m~y oontinue to hold sny Collst~d d~potit~d her~unde? sfter the psym~nt oi this Noq, if st the time of th~ psymertt a~+d diuhsrpe M.wf any of ~
tM p~rti~t IabN tor tht psyma~c Mnof ~hall b~ tM~ dir~ctly or contirgendy IisDle to tM Bsnk u Maker, endorser, wrtty. 9usrantor or aaonwnodstion ps•ty
of ~ny oth~r note, drst[, bN of sxdarp~, or otMr instrum~nt, or oth~rwiss, and tM 6~nk may th~ft~r exe.cise a11 ripl?tf with ryp~et to ssid Collst~rM _ ~
9ranNd hw~in thagh this Not~ IhrN hM bNn wrrN~tf~nd to tM IWIw. .
If ~M B~nk dwent itwlt irwcun ar ~rpon th~ h~~inp ot any of th~ followinq went~, ucfi of whieh shall ooratitut~ a d~!wlt, ell li~bilitia of peh Mak~r to ~
cne 8snk. indudi.y the ~ntin unpaid prineip~l of tha Nou and aecrued inarat, le~ any ur~nd inanst and sny intKat irt ezee~s of th~ m~ximum slbrwd ?
by yMr and any nb~t~s rquind by law, shsll inrrndi~tdy a thKesfter. st the option of tM Ba~k. ~xqpt tfiat tM oawr~na of Ic) w(d) d~Nl csua autan~t• ~
~ K acoeMr~cion:wid~out notio ord~rtwnd, bsc.oerodu~ ~nd payablt: (a1 tM t~ilurs o/ aMr Oblf~or to puiorm snlr oblip~tian. li~bility a el~im to the Bsnk, to pw ~
~ mte.esc hKaoo within 10dsys sft~r it is dw, w N thsre a no du~ dat~, ~fter it is billsd w otMrwi~ rpupt~d o? demanded, or to pry any otha' liibility whst• ~
saerer to ~ 8ank when dw: lb) tM dwM oi any individual Oblpw, th~ dissolution of srW p~rtr~nhip Obliyor or tM diaolution. rr~~r or oonwlid~tion with- ~
~ ov[ dN B~nlc's piw w?itqn eora~nt d~r wrpona Oblga: (c) d+~ filinp of s prtition in brnkruptcy a tM sdjudiuNa+ ot inwlvency a bMkn~ptcy undK ~
~ u+r ?~w~nirnian. +rne~m, rMdiusurnne q{ d~be, d~ssdut~on, liquidation or similH Oroaedirq undsr +~W F~d~rN or st~te ~atuu, bt? o~ s9unn anr
Ob1gw: (d) an appliation fp th~ appointrtNnt ot ~ r~o~iwr for, a tM rtrklrq of s pnwrsl a~tipnrmnt fw th~ barfit of cnditas by. sMr Ob~ipor: tM ~nMr
oi p~d~n~nt s~in~t any ObliOw: (fl 1!N ipuinp of ~ny ~ttacbm~nt or p~rni~hm~nt, w tM filinp of ~rry li~n, ap~inst any propaty o1 snlt AWioor: (91 tM tskirg ot j
oossa~ioe of sny w~0at~ntial P~re of tM Prop~tl? of MY Oblipor ~t tM instane~ of any yov~rnmmal ~uthority:.IN tM d~taini~ation bv tht Ba~1c tAat ~ reytui• !
s~ sdvrn~ cA~g~ ooturnd in tM finsnciM oondition of an1? Oblipor f~orn tM conditiont Mt forth in tM mo~t nqnt (iMncial staqtnH+t of wieh Oblilor ~
~ he.etoton /wni~lwd to th~ B~nk, a han 1M eadition of wieh Oblioor a~ Mratotat mat ~~antly difdoNd to th~ Bank, a tMt ~ny wrnnty, rp.N~nation,
~ ce.ution~ o? ~t of sn~? Obtioor oo~tairwd in th{t Nob or not) D~inlny to or in connrction witA thh Nob a tl+e losn wid~no~d bY Ma Noa !
~ coor~t aw wanw ~bt~nMnt ot nrurial taet or omiq to ttats m~tuisl hee rnasta.y in wder to mrk~ tM stat~nts n~ not mitlNdinY: o~. !i) tM aMiOn-
~ m~nt by aay M~kr M sny ~a+ity in ~ny of tM Co14ua1 without ch~ Drior vKicctn co~+t ot th~ Bank.
~ Tl+~ 8ank ~haN t,~, ~ut d~Ml not b~ limibd to, tM followirq riqhq, ~sch ot wf~id+ m~y b~ ~xKCiwd at any tirr~e wh~tMr w noc this Noa a dw: li! to
~ pNd~ a u~N? tl~it Noa and tM CollsarN and tM 8anlc d~stl thtnupon b~ nlt~wd of all dutiu ~nd n~ponNbilhfN I~wnd~r and rNMqd hwn ~ny and all
~ IiabMitl? whh rMp~et to MM Collae~l ~o pl~dp~d a haaf~~d~ and ~~11 PM~ w tnrnt~ li+dl fa all puipo~ tt~nd in tla P~ oi tht Sank huwnd~. and
ha~ all dw ri~ts o~ d~ drnk Iw~wwlK: (i11 to tranrfN tM wholr a~ny pat of tM Collahral Mto th~ nan+~ of ip~lf w its nominN:lNi) to vo» th~ CollaterM: ~
I~vl ~o e~aeit~? M~ Oblqat d~? CoWtMal to n~ WYma~t to tM B~nk oi ~nY a to bsoon~ dw thKwn: ir) to d~nM+d. ~w }a. ooll~et. a
rr~k~'i'y ' ~ Ar r`"~nw~t~ ~"`ebN wiM ~r.. t th. li to `dc~C ana/or°O1 Ls °8's~'7 CJn°
s:°t of LoilA~rN.
as use ere n means ur~e ~tee ssoc~ azes n,
~ ~ - e R 2~~
2 NOTICE: SEE OTHER SIDE FOR II~ORTANT INFOFIMATION BOOK PAGE f
FBS 75! a~+- 7/~7
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~ . . . . . _..--T~_--<-------~_ ~ " _ r~s
~ ~~.~°'~~~".~K'^'"k 'a $ 7 ,~.~'_"t-`4.'~r~~
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