HomeMy WebLinkAbout2980 ~ . > .~-'4~? -/Vn-,~N-+V~'•..~:.~fr•4.:wr+~v'ri~V...t~L'1:,.f.~;iiP--'F~Ta~ ..,~3~„'.~~;.4+t"a..~+V~~V ~;-Sa~~ ~ ; ~~~sl"-~'.:,~.. . ':~i 1::_ ~ .
4~
, + ' INSTAILM~NT PROMi$8QRY NQTE . ~
~ TllRTIE REEF ASSOCIATES,. iNC. ` u?1 A~owK n.o~wd 5„643.OQ_
; ~ : - . _ trt~ ~~~N b. ca?.a~ none
_Jensen : ~ach, ~lorida , 33457 ~ - : . uaiar.~n,? , . •
- ~ ~d ooo~~a~v aw~a = none ~ ~
o ~c . co~ on~a~.~~ia~a~ :~w.
~ ~ - s : none
woie~~o: o+?Teo: 0~l. 18 T~. ~~t s none .
. ~9.......,.
- - , tc~ /?~+ow+~ Ft~~d - 5:~4~3.00
OuE: ~C~.~~ .•.10 ~ IA. d. t;. a. E. FI ' i~.._~..~~„~,: ~
- ~ " ~ IN! InMrwt _ . -
Pt.l1Cfl: . FlOR10A - (q Cnd1t (nvMty~tion = .
. ' _ - uj: ~ . _
Foc vslw ~~eMv~d. cM u~d«i+~d i1~ni~+Ntu eM4d "M~kw"i Io1nM? and av~aM~? (It .
nah t1Ma ond P~o~t to p~y to tM of~~l1e~ at ta offia li:ad ~blf~v~. d+~ ~Ki ~
9.6o IU =
ot P~ynre~et (t~an tNl a~ ~qht1 of Doli~ p~1?a4itt in
tM1 FINANCE CHAR~E
.quN nwnd±t~? ~dl~na ot s ~ . ~ , aN ~+i.~e 3,30b.60 ~
(N: l. i. K, G1 - _ :
imtaNn~nt dw oe,;,, ~ . tY~.... and.s~ubMqtNnt in~Wbn~nb dw on !NI TOta oI hym~nq l~i + M! i.. ; -
NN a,~r of , th ~ witA a F L l1L~OON P YbiENT OF: _
s ~~1°".. ~
a~°~!~--..-•~.~'~! ANNUA4~I~ERCENTIKiE RATE 20.00
_ .1~~ .
, .
Th~ 8srdc ~MII 1mP~f a dNie~lt dwr~ !O~e~t the A~k~. on ~nY P~1?m~nt wNkh Iw 6~eo~ ~~nd ~pn~in~ in d~fw~t ~a ~ o+rjod in ~uaK d~`
dsys in sn amouM ~eluN to ~Xi of. tM amount of Uro P~~dPM PKt of Mf p141ImMt in d~isult. In tM wMt dnt th~ Notl b not p~id in full at n~twitY. MI pa1r-
ewna. w1w~Mr wineio+~. tnu.~ac or od~rwhs. stwll ow innrat ~t tM maxinwm IpN ?m ~1~ow~d undK th~ 1w~ at tM saa or Plorids. /?N pwnNna inad~"
hN~u~1dK dNll b~ tr~dit~d fksi to iqarqt ~nd tlNn to WinCipN, how~wr..in tM ~t of dHliuh, tM BMMc na1?~ in itf ~ diantion. ~PP~Y ~Y WY~~'o
ieUrpt. P?inoiAM snd/Ot IsYViul tlwpt tlNn aoOrlNd. It i~ iM intMtiOn O! !h~ P~nNi INnto 1Ait t11~ Mavi~iont AMeifl Mull nOt p?OVfd~ dinctlY a? indir~Cl~11-
tw tM P~1?mrnt ot a~rwtN an of ~t a tM ~ntioe of aey odwr ehap~ th~n i~ allowed bY l~w. li, ta aiW r~on. iatuat in ~xaa,M wcA IpM ~e o? _
~ d+•ro• oro~a~aa n1? aw ~.u .:.~w tu+~+. b. a.b..~v «~n.xo.a ~i oo~e~ria.~a a e~aa.. p.v~: o~ a,. a~~ a~. rn~ae.d dk.ea~?
to in. . : . _ - -
Tl+e IiANcK+rw P~+aw d+~ ~nti~. una+id b.l~no. ot ehe ~osn u an~r cim.. lt tht ~o.n is w~aald tn tun. ao~tNr~ad or ..f~nane~d. dM IwkK iAa~) ~~ai+~ .
rafu~d of the uMSnrd portion of tt~ int~nst_snd imuranp pruniuen~ eoerput~d by tM Ru1~ of ~8'f nNthod. ~xapt thst th! Bsnk ~ill b~ aMitNd ~p nt~in '
a minirtwm intu~tt t~yt of =6.00. .
CREOIT l.IFE ANQ CREWT LIFE 8 OISAB{LITY INSl1RANCE ARE VOLUNTMY AMD NOT REQUIREO FOR CREDIT. Sud~ inwrana ooww~ is
awilab4 st tM ec~t d~si~nst~d bNow fo~ 1M tRm of tIM vedit:, iv t- . fw Cnd;~ ~ife Inwrana (bl =
tor G~dit Lib i Diqbility-Irqutanos: - .
CMck ? G~dit Lit~ tnwr~nq is daind on tM lih of . ,
Ilpp1. 9irthdat~ .
Box . d Cndit Liff ~ Dis~t?ility Inturanc~ is dpind on
. - t~ .
' L"J G~dit Lil~ snd/or Ois~bility Insuranq h not desired.
~u: ~ OC~.-18 ~ 1978 - s~t~n
- F.
. _ s~.ri..
j recor~`e~'~ ~n`~.°~'~.~ootk'~~;`~~
e~`-~~..~i~ttOilieae s~ an 1e''~taolla:~ ? o - f
a ~
~ escr n- sa? ~rts~a9e. .
~ ~ mclud'aq MI inpMMa. substitutio~s. nW~e~ntf. ~dditant and sooeaions tMreto snd iA da p~oc~~ds d~wf (h~ninsitN plbd "Collab~at"1. Thia aa~ritll
~ inIlf~it i~1iU a1iQ_i~CYIf MtY Ot~M1 Ifld~btbMt~ W(~ltty O~ th! MiItM l0 tIM BMIk difitt O? ifldit~Ct. ~1iOlYt~ Of COfltlfl~fAi. dIN Or t0 bK01~N dYl, f10W ~X-
istiny o? hMNftM ari~itg induditg NI futw~ adwnoN a lo~n~ by tl~ Bank to tM MNclt.
TM ~nk is aiso qiwn a Ii~n sad a oewrity inMr~t in aM p~a0aty and ~cu~ities ot tM M~Ic~r. ~ndorwr. wnty. ~wr~ntor a ~caomrt~odstion psrtlr of tha
Nou (h~ni~nfta nfsrnd to u th~ "Obli~ors"i. now in o~ at sny cim~ h~ratw ooiniig into tfw control. ewcody or po~asion ot iM B~nk. wMtMr for tM ~x-
o*aad P~i~ d beirN w~d b~r tiN Bsdc at CoNstKSI. a ror s~?Y otMr PurDOt~, snd upon +iM bal~na a bNai~ to tM a~dit d a~Y ~ocounts, indudinY
trust snd ~eney ao~ m~intaenod withtM 8r?k by any of tM abliDo~. and d~ Obliyors sOrN to dMiw? to tM Bsnk additia~M CotlaWal or nrk~ wKh
` wYmants. in hduetion of tlw Wie~psl aeewunt o1 th~ Iwn u dall b~ ~stafsetory to tht Bsnk, in t!~ ~r~nt d~e sior~ntioeyd Collaaral M+N1 drdim In vMut
o~ bKOnM urostitf~C'.ory to d~ BM~k. -
Addifiaa to, rauctions or ~xdwq~s oi, oe wbtidrtions tor th~ Collanrd. WYmena on axount M thu loin or ina~M~s of tAe artr, or od~ loant n~
put~Mht o? r!A~o11Y tipa+ ~M. Collatual. may trom time w tien~ b~ m~d~ wiihoue aff~ecinq tl+~ provi~ion~ of tha Not~. TM Bank ~hNl awei~ ~nao~abN ean in
the a~ttody and pn~atio~ of tM Co11~tMM to tM ac~t requitid bY aOP~ic~b1~ srnuu, and Mwll b~ dwmd to f~av~ ~xaciad rNSOn~bM ea~a if it tMcp tud+
xtion tva tAn pwpoN a Mbi~r ~il .aaonabiy qqu~tt in w.itinY. but no omis~ion to do si+v aet not nqu~st~d bf? M~kK ~N~ a dMnrd a laiiun to t~arei~
r~s~o+ybN an, and no o~Naion m oomply with an~r r~quMt of MNnr ~sll of iwli be dMm~d ~ fsifu~ to ~zKCi~ rwomW~ an. Br~k ~hNl not be baind to
take sny :trps rNapt~ry to pra~rw ~ny riphri in iM ColiatKM ay~i~qt pi~a psrtia snd M~Ic~r sAall qk~ all rMOayry spps (ar wd~ purpo~ea TM 6ank or its
• non?in~t ~wrd rat oolMet int~ntt on. a s P?ineip~l ot. Mh? Co11swN w yiv~ ae~r notic~ witA nip~et to it.
TM B~nk. nrY COntinw to tiold sny Co11a~Md d~Podad h~rwndM sftM th~ WYm~nt of this Not~. it at th~ tim~ o~ tht PMfnw?t snd d'acharY~ Mrqf ~nY of
~h~ pw~ ~i~bM fa tt~ p~ym~nt h~eM ~t~aN b~ th~ dinethr a oontinya~Ny Ii~bN to th~ Bank ~s MNc~r, ~dorw, wr~ty, yu~rantor or aoeomnwdrtion p~?iy
ot ~ny othp not~, draf4 bip M~xdwq~, oF oUw NwtnurNnt, or otMrwia, ancl dr 8ank nr1? M~tur ~~rcw MI riphp with rNp~et to ~~id CoHsterM -
pnnqd Mr~in ~wn ihagM this Nott dwdl lqw wrnnd«rd to tM ~Mk~.
If tIp 8ank dMen~ it~Nf inMeun w upo~ tM hrpp~nirq ot an~t of dN followirg av~nts, aeh of whid? fhNl oonrtituq ~ dNault, NI li~biliti~s d Meh MMc~r to
tM B~nk. indudinQ tM ~nt'w~ unp~id PrineiPd of ehk Noq ind aoeru~d ielrnst. bM anY unMrn~d inl~r~tt and any intKat in ~xd~t of tbt nwcirnum Mlow~d
~ by Isw and sm? r~brta nq~ir~d b1? taw. ~ i~di~tMY or dwratar. ~t tM avtion of th~ 8~nlc. ~ua~pt tl~st tM aocu~r~na ot (e1 a id! ~all eauN ~utomat-
K ac~brstion:witl~oYt eotia a~dirtw+d, b~own~dw and wYabN: lai thi failun M+iw OW10o? m P~rfam.~n1? obtip~tion, ti~biliiy or eMMn to th~ Mnk, w ow
inMrac hM~on wiMin 10dm Ntu ie b dw, a N MNn i~ no dw daa, atar h a bilNd a od~rw» hquwnd ar d~nw+d~d. a io o~v ~1? o~r li~b~itv wNa• .
weva to tl~ Bai~lc rMMn dn~: (b) th~ dNth ot wM? indi~riduM Obtpa. tM diaolution of arw v~~~v Obigor a tM d"arolution, nwYK or oonwlid~tion wiM-
out tM B~nk'~ P~br writqn ~en~nt d. anY eorporat~ Oblioor: k1 qN fititp of ~ p~titlon in b~nkruP~.9? ~ the ad'A+~a[ion oi inql+?MKY-or b~nk+aPk1/ ~ndM
anv ~~o?Y~is+~;p~. ~r~e~~, n~diwtn~?t o1 d~bt. diwoN+tion. ~quidaeion or ~rnilar Proo~lino wda an!? F~d~?sl a aaa saeua, p1? a.a~in~ arw
Ob~pw: (d) tn ~ppliation for tM ~POOindtint of a rwh~t fOr. or M~ mNcino ot a pMl~ril a~ripwnNn tor tht b~r»fit of u~ditaa b1?. MW Oblipr: (a) tM M~W
ot ~y,~t a~e ~1? Oblioor:ltl eh~ iauin~ of a~w atbeAnrnt w~ahlwe~n. or eh~ fpap of ~n1? ~f~n. a~i!~ ~e11 P~~11 of any GWip~: bl tIM ukin~ ot
posNNia~ of ~ny subaantiat o~ of tM v?~h? of Mw ObINo~ at tM intsna oi any ~m~nal suthaity: (h? tM dfq.miMtion bY tM O~Nc eMt ~ nutKi•
s1 sd~ ehNq~ !yt ooW~nd ie th~ fintncal oondition of snl? Oblipr from tiN condit{w~ ~t fo~th ie tlM mo~t trant firnneiM wMnNnt d aKh OMip I
Mretofon fwniMMd to eM 6ank, a from tM eondition Qf wrd~ Oblioor ar Awtoten mo~t nantly d'i~doNd to Me 8snlc, w th~t any w~rrainY. repr~nation. ~
ce.citiaa ar wanNnt ot any Oblipr IwAoefNr oonsaiwd in MN Moa a nwl vrrtsinin! w or in oonn~eioe witb thi~ Nort a cM ~o~n NridN+o~d b~r. t1a~ Noa
conuim an wK.w shUn»nt ot nrwal f~ec w omin eo KaM mrwlM fsee moa~M~l ia o~der eo mN~ dw staanwna n+rd~ noc mi~di~: a. li1 tM ~
rrNnt bl? a~? ~ of anY ~~~11 ~ aiM M dN CoH~tMal wid~out dy Prior writan oonwnt ot ttM BM~k.
~ TM 8ank 1lall la~r~. but MrU not b~ limiad to.1M 1o11owinQ ri0hu. ~eh ol whiah mq? b~ ~ei~d at an1? ti+n~ ~ a noc tl~is NoM i~ dw: (i) to
W.dw a a~hr tMi Noa and t1N Co1ltt~rM and tM Binlc ~11 tMr~iPon b~ n1Mwd d~N duti» and n~pon~il~ilkip hN«~r and hp~+~d fraa ~t and rl
I~abdiev wid~ rnpet to +iw Co1~N a ol~d a uran~iK..e, nw Mw oMdM+ or v~nd~ MiM1 tor dt arrpo~ sand in d~ pbos ot uM dMi~c n~rw~ and
??w~ aN eh~ riOAti N tM YaNc hwwed~?: t ii) eo aand~rd» w1aN «+iw P~ a th~ CoNwrd Nto d» ~ a it~Ni « its nantnw: (~ii) w vo1~ tM CoM~t~ra1:
livl to notHy tM Obliprt ot ar?1r ColytKal to mria pwrm~nt ~ dN 9rnk d sny ainou~ dw or to b~oonr dw tl~ron: (+r) to ~nuiQ~~ya ior, oolbet, or
' ~ `~~'~K~ a'f
`s use~ ~ere~n m
ans u~e'~Re~e~~
oc'~a~es
; `~`r~~.°Man~/or"°~~s a~~ns°pM~'.
F
~
~ . NOTICE: sEE OTHER SIOE FOR 11ArORTANT IIMEORMATION S~aK ~ PA~~~
F65 ~5t Rw. 7/7?