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~ ~ INSTALLMENT PROMISSOAY NQ~E '
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TURTLE REEF ASSOCIATES; 1NC. * tN w~o~,n, a.c.;wd = 5742.00 ~
. . 9ANK NAM ~e~ ~.~,m ~a c~wi~ none ~
Jensen ~Beach, Florida 33451 ~'•~0i"°''"~!"~ : .
tc? co~,~?»~anr s~.~+a ~ s~ ~one
OFFIC A R 10) OtAM G'harp~t lit~mi:d : ~~ne
~E~ = none {
NOTE NO. ~ DATE~: JU~ ~.a . 19~~ (F) = none J
(G) Anqunt Financ~d 57~~.~ ~
ouE•- _ July 22 , te 88 s. c. u. e. F? i`~36~'~0-`~
~w ~~+..M.. ~ ~
IIVIIC
(t) C+rdit Imatqatan • _ ~
PIACE: ftOR1pA -~T~--~----- ~
Fw vslw r~wd. tM undKS~pned (her~imltK ca1Nd "MakK") lointhr and stvK~liy (it iK) OtMr s~~~~ y.
mon ~Mn on~) promis~ co pay co [h~ ordK of eht B~nk, at ip offlp lisad abov~. tM Toal . ~
of P~ymtntt (from (Nl at ~iyAtl of ~91~• ~ Doltus paY~bM ie 1~ (U : ~
equa~ monthh? iruul~m~nts o~ i 75.89 , tM tirst I~AI FINANCE CHARQE 3~.~ t+ ,
lN, t, J. K. U t
~nsu~~m~nt dut on Aj1~US~ 21 ~ 19~. ~nd wbaquMt insa~~meeu dw on i
(N) Total of P~ym~nts (ti * M) _ • 1
the~' _dsy ot ~~wntn th~nsttN to~etM_ w_M s FINA~
Bn~~00N PAYMENT OF: ANNUAI PERCENTA~iE RATE • 7~
s ~ue , i9
TM Bsnk :Asll irtipoq ~ dNinpwncy eM?yt ~intt tM IWk~r oe~ any paYm~nt whid+ Iw b~eam dw and r~ryint in ddwlt fw a pKiod ie sxp~ ot-10 j
dsys i~ an amount equsl to ~'X of tM srtau~t of tht prineipd p~rt of tM p~ymtnt in d~fsult. In tM w~e~t th~t th~ Nott ~ not paid in full +t nvturity. NI psy- j
ments. whstMr p.i~+cipal, int~rest or otMrwia. shsll bwr int~nst at tM m~ximum 1~1 ra~ ~Ibrwd und~r tM law~ oi dw Stst~ ot Ftorid~. All paynwnts m~de ~
heteund~r sMll b! CrWitW f'~{t to iotKUt ~nd thM to priffcipN. hOrwv~r~ in th~ ~v~nt Of d~fault. th~ Bsnk m~y~ in itt ~ol~ dispelion. apply ~nY p~ym~t?t tp ~
~nterest. principsl and/a lawful chsrges the~ socru~d. li is tM intMtian of tM partia l~~to eMt tM p.ovisiaa Mrein ~IW! nRt p?ovicf~ dir~ctly or indir~ctly
a e.~ie. r~e• et ~Rt~r~t or tlr ntmtion of any otha chsr9~ t1w~ a allowed by law. If, tw sny r~on. ietet~ ie ~xo~p of sueA IpN rat~ or i
a thu~ prohibit~d by Isw sh~ll st sny tim~ b~ psid. allY f11C~1 ~f(pif ~1~~ flt~l~f C011f111Y~! ifll~ a T~la~ ~ a piYflllflL Of1 L11~ ~If1/1CIQ~1 Of pf l~TYflOq OlflC~ly i
t01ht MikN. ,
The M~k~~ mty pnpsy th~ tntin uopsid batanet of th~ loan st any time. ihe lou~ it p~psid in tuH, accel~r~tsd w retin~nud, the Maker sludl r~piw a ~
relund ot tM un~srMd portion of the interest snd inwrsnco p~emiums tortiputed by tM Rule of 78's m~thod, exdpt thst tM Bsnk shall b~ ~ntitl~d to r~t~in i
a m~nimum interat cAary~ of s5.00.
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CREOIT LIFE AND CREOIT IIFE ~ OISABILITY INSURANCE ARE VOIUNTARY AND NOT REQUIREO FOR CREDIT. Sudt inwraopeo~r~.age+t
avsilsble at tM cost d~siynsted below for tlw tam of tM uedit: (~1 S io~ G~dit t,ite lesunoot (b! t ~
rw G~die ~ifa 8 Dissbiliey le~unna: ' ~
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Chcek ? Cr~dit liie lnttt.anct is de~irtd on tM lile of ~
8'wchdst~ ~
Box ~
? Gedit lHe 8 Dissb~lity {nw~ante is daired on
Birthdat~ • +
~ Gedit lii! and/or Dissbility Inwranp is not desired. . i
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Dace: .lt~lv Q~ lQJR Signacure
_ John M. r ,
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- Signsturo - •
As murity for the psyment of the Noce the Msker henby grants to nk s sacwity inter ,n ow, _ ~
~ a~ e i n Turtl e Reef ll~'
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~ntludinp alt intrases, wbstitutions, replscert~ents, ~dditiorK and atC~tsions thersto and in the p.ocetds thereoi (heninr~m ull~d °Collsttrsl"1. Thit s~cut.ty ~
~~tentt shsll ~Iso tlture s~y other ind~btednas o? liability oi tfie IYyker to the Bsnk dir~tt Or indiratt, sbsdua or continp~nt, due w ~o Wcan~ dw, now ~i- (
~stirg w AKNlter srai~g, including ~0 fuWre sdvsnt~s or loins by the Baok to the AAtker. . !
TM Bank a also y~wn a lien a~d s sacurity int~nst in aN poperty ar~d tecu~ities o! che JMatcN. endorser, wr~ty. puaranta or secwnmodstion p~rty of tha ~
Nor~ (h~reinsfts. r~f~rnd to ss the "Oblgors'1, now in or at sny [in+~ herpfcer oomirg into N» co+nrol, euscody w powsswn of th~ Bsnk, wh~iMr tw eM ~x- i
p~ess~d pYrpos~ of b~inp used by tM Bsnk at Co11aLKSl. or for any oth~? purposs. and upo~ any bal~nn a balsrxas to tM u~dit ot Mry? aaounts, includi~g ~
crust and sp~ncy aocounts rrnintain~d vrithtM Bank by sny of the Oblipors. and tl~s pbligors agr~e to dNivK to tM Bsnk sdditional Collaaal or mtlc~ ~uch
payrrrnn in nductio~ oi ~Ae principsl amount of th~ lo~n ss shs11 b~ sstisfactory co the 8snk, in the ~vtot ths s/orem~etia~ed Collstersl shsll d~dine in wlue 1
o? becom~ wastatacto?y to tM Ba~k. !
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AdditioM to, nductions or exeAenp~s of, or w~ttitutions for the Collateral, psymenK on secount ot this tosa or inaesses of tM tsm~, or odrer losns m~ ~
partislly or whotty upon ths CotlaterN, ntsy trom time to tim~ b! m~de withput sftecting th! prwisipt?s of this Not~. Th~ Bx~k sh~ll exerQs! r~onabl~ C~rt in ;
the custody snd pr~servition o1 the CollatKSl to tM ~xunt required by app~icsDle statute, and sha~l b~ dwnwd to 1+av~ ~xKCis~d rwsonabh can ~t it qka wcn : o
xtwn fd Mat purpoq as Nytc~r ~11 r~uo~bly rpwst in writing. but no omission to do sm sct not nqursad by Mak~ sMll bs dNmrd a failun w~~arca~
nasonabN eart. and rw omiaion to eomply witlraay r~qu~tt ot Mslw sM110l itsNf be d~em~d ~ bilur~ W exlrci~e naso~abb care. Bank sha11 ew1 bt Dound to i
take sny ~t~pi McKS~ry to pr~f~rv~ any ~ipha in tM Collate.N s~inst prior put;es and IiAaka sh~11 tsk~ sll Mpstary mps fa wch purpa~es. Th~ Ba~k or ~~s j
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nomin~s nad not colbet iotenst on.. or s p?i~eip~l oi, any Collat~ral or qiw ~ny notip with n~p~e~ to i[_
The B~nk m~y continw to hofd any Co(latenl d~paibd h~rwndw sftar tM paym~nc of thit Note. it at th~ tim~r of th~ psymtnt snd ditduryt Asreof any of ~
tM psnia lisbN for tM p~yrrrnt 1Nnof ~ha{I b~ d~ dinetly or continpsnily lisbb ro Mt B~nk ~s Msk~r, e~r, wr~ty, quarantor or se~oommod~t~on ps?ey ~
of any o[Mr not~, drsft, bill 01 ~xah~np~, or p1Mr ie~ttry;ma?t, or oclwwise. ~nd the 8snk may thaaft~r ~x~rase all rights with ryp~ct to ssid Cotlstenl ~
gr~nt~d herein wa+ thay~t~ this Noq ~11 ha» bMn wrhnd~nd to th~ M~ktr. • ?
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If tM 8~nk dNms itMtf i~ture Or upon tht '
hrpp~ninp ot sn1? of the fo1lowiig a~wr~ts, each of which sh~ll con~titua a d~fault, NI lisbiliti~s of ach MatcK to ;
the B~nk, includi~p cM Mtir~ unp~id principN of this Noq and aocrwd inurstt, la~ any unprn~d in~pt ind snY int~nst in ~xpss of ths maxinum ~Ibw~d ~
by Isw ~nd sny nbst~s rpuir~d by larv, d~all inrrwdiaedy or qwrqitar, st tM option of tM 8snk. ~xapt tfut tM oaw~rMp of fc1 or ld) ihdl cau~ ~utanst- ~
K accelsation: witl+out notic~ o? d~rrw~d, b~oonr due and payaWr. !a1 dw fMlun of u?y Oblpa to p+rform ar~y oblg~tion, li~bility o? cbi~n co tM B~nk. ~0 0~1? ~
~ntsrat hKeon witAin 10dsys ~ft~r it is dw, o? N tMn i~ no du~ dna. sft~r ic is bi1Nd w othKwis~ rpu~sqd or dMrnnd~d, or to p~y ~ny otAlr liabili[y whst- !
soeve? t6"tM 8sek v~n du~: tb) tM daM of s~y individual Obliya, tM diuolution M any p~rtnenf+ip Obli~o? a cM diaolut+on. mrrpr ar ooniolid~t+or+witt~- +
out th~ BN~k't prior writt~n con~nt of any corportt~ OWqa: k1 tM fifinp of a pttition in b~kruptcy or tM adjudiuNon of in~ol~~cy a b~nkruptcy w~d~r i
any .~orq~rwzatioe, ar~ment. nsdJusmwnt oi d~bt, di~olucion, liqui~tion a simila? vroa~dirq und~r ae+y P~dus1 0. :at~ surtuce. bY w~ir~ aiw '
Oblqa: (d) an applieation fo~ th~ ~ppoiotrtNnt of ~ r~oriw? fOt, ot tM mMcinp ot a~rsl a~gnNrnt tor t!N b~fit of enditors by. arty~Oblgw: lf1 tA~ ~ntry '
o~ JudY~r~nt pM~ut arY Oblipw: fil tIK awlnp M anY attad~n»nt ot ~ni~Anrnt, or th~ tilirg of ~r+Y lirn, ap~intt ~nN WoP~Y o~ ~+Y Oblpor: l!) tM »kitp ot ;
Doss~ssio~ of any ~ubst~ntiN pKt of the prop~rty of aey Oblpor at tfw intsno~ of eny ~rntMnal authaity: !h) tM d~armin~cia+ by tM B~nlc th~t ~ nrwi- J
al adv~rtt cl+atg~ hu otcurr~d io tM tinantiN Condition of arh? Oblgor i?om ttN conditiwu s~t forth in tiN mo~t r~ornt finanCiM spweNnt of wu,h OpNla t
+tirscofon furni~Md to dee 8ank, or tran the eqnditjon of wfi O¢Ifypr ~t herttptort mott ~~pnqy d'atlowd to tM 8snk, or th~~ ~r vwrnnty. ~~p.w~nption. i
eat~tieat~ a ~at~erNnt of ~nY ~~Yo? Iw1Nd~w oontairwd in3hia Nbt~ a not) w~t~inin~ to a N~ eonn~ction with d~K Nor a t1a losn ~vidN~c~e M tha No~ 1
cont~itl~ sn unirW ~t~tMMnt Of rt1~tNiN iKt pr plflit~ t0 ttat~ trytfri~l i~t t1~ry in Ordfr t0 flf~kt th1 st~tNTNnts f11~4 flot mitlMdil~: p, (i) t~N ~
mf~1t by NIy ~ItK OI ,
+~Y ~4uitY' in sr?Y of tM Coll~tnsl wiMout d~ Prior writtN~ oon~nt of tht B~nk. (
TM Bank ~lyll h~vr, but dytl not b~ IimiNd to, d» followinY rght4, ach of w!?id~ nwll b~ ~xuciMd at any tin~ wMtlwr or not d~K Not~ a dw: (il to r
a.ao. o. ~..~ar ,na Noa «~a caaa~ .~+a n,. e.~ .aai ~ a m»~a ~+.a a~t~...~a ~~aut~.. n...~,~,a.. ~,a.N»~a no„~ «w .~e.n ~
iwaue„ ~a+ ~o.e~ ~o «w eaaani w vr.eo.e o. a~..~.d. «w «w oa~~~r.rr,~k.r..i„n , p,.~,...~«~d ~,o. oe e~. e.~ ti«.w,a...~a ~
h~ aU tM ri~tf of tM 8ank Mrwewln: lii) to tr~fu tM whob or ~n1? P~ ot NM CoNatN} jn n~nr of it~Nf or itt na~wnN: liii) tp ~M tht Co1b1~rM: ~
(iv) to notity th~ Oblioort oi an~r CollatwM w mNa psymNlt to dy Brnk of ~ny ~erwuna dw~or du~ thK~on: (vl co ~Mnw~d. rw for, edNet, a ~
m~k~ N1Y MitlNn~nt wiM to d~t LKal: ve1 to OI ot OCt~ Of CO14tMa1.
~*~'~NK~ as use~ ere~ans '~ur~e Ree~ssoc'~a~es, ~n~an~~r°O~~s as~'~ns~ f
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NOTICE: SEE OTHER SIOE fOR IMPOR7ANT INFORMATION - 'ii~~~~~1~~
FBS 752 R~v. 7/71 t
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