HomeMy WebLinkAbout2996 'rs _ < ! . - . . w~.- _ ~
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iNSTAl.UNENT PROMI8~OAY NOTE ~
TURTIE REEF ASSOCIATES, INC. * ~N ~•+»d ~ ~ ~
. ~s? k«aw~ ia c~.an none
Jensea 6each, Florida 33457 ~ _
~ - 1q ooo~w~ewew =-~one
~c 101 OtM? t~~ l~a~~l i
~ = none
HoTe Na a?tEO:.~ 15 _ .~s 78 . ~F~ s. none -
~Q • ~a ~i F~o.d 6,YY4,Q0.~..
OUEs ~ ~C. 26 .18^=. IA. S. C. tj. E. F?. ~...~7:~~
- . . . IHI In~~ntt i _~flL~•__•_-
W.ACE: . FIORI Wh ~(l) Qndlt Im~tti~tion' _
Fo. vMw ~aivid. ~M und~rtiYM4 (1~N~tar atNd "I~ICa") la~+N a~d ~a~M EH tKl
nar~ M~n aitl O~On~ ta WY M tM Ot ~ B~nk at it~ Oflio~ iisqd abow.t~ otd -
oi P~1l+nMe~ lt~on~ (N) st riOht! ot .~„_~9 i. Zb Datlwt Aw+~ in l~~ IL1 =
~v'ua~ ~~h? ~wlnNnu at 2 !M1 fiNANC~ CIIAROE 3 647.20
. tM.fMst tH. 1. J. K. Ll ~ : ~
in~cdtrtNae dw on J~ ~ -,1 ,~nd «+b~~nt imW~a du. oA .
INI toal ot Pwnanb lO + M) _ ;
th~lhl of ~qntl~ th~rMft=rt~tMr wilh ~ FINAL 9ACLOON PAYMFzNT OF: ~y~~ p~RCEN7'A3E RATE • .
i
= DUE' :19' . ;
~ 9an~c ~Mn e~woM ~ dNi~qwnetr s~'Y~ eM 1M~~ on «w vwma+?t whid~ Ar baan~ dw and na~Ma tn dN~ult tor a o~~od In ~xaM o~ 10 ~
days in sn ~nouM ~qurt to 6% ot tM snwvnc ot tM P~eIPN va~t of th~ PWnNl~t in dNwl~. ln d» w~e tlNt tM NoM k not W~d in full ~t m~twiN. all p~r.
n~et. wMtMr srMeN~M. ina~t o. o~. thNl b~ inc~at at th~ naximum IpN rsa dbw~d wid~r tht law~ of M+~ 8t~a oi FIorMl~. All p~mnu n~
hereundK ~Mt1 b~ u~diud fi.st ~o inen~ ~nd dMe~ w P?iocloM.l+oMw~. M 1M wM~t ot d~fault, ~ B.nk m~y b ia ~oN daa~iion. ~P~ht ~Y Mw+~?t eo
i~t~nst. DtNrcIPM ~ed/or lawful ehiry~t thM~ ~oawd. te ~'~N fntM~tio11 of tM qrtNt Mr~OD 1Mt tM p?OVidons ~M f11~i1 nOt WOVid~ dir~etly or indinetlp
tw tM P~YnNnt Of s qn~tK. nt~ of intK~tt.o~ tM hqati0e ot siry oth~r chs?y~ th~ b dlowrd bl? bMl. li. to? ~n1? rM~oA. i~tM~tt in ~xpM Oi ~ueh IpN att Or
s eharp~ pohibiad b1r Iaw ~11 at_~ny ti~ b~ PNd. MW wxA ~zaw ~hall ~it1~u ooracituu ~nd t~ uabd w a Wyn~t on ehi p~tecipd or.M ~ffund~d di~~ctN
to tM iN~kp.
TM MNcer ~Y Pr~P~Y tM «+tin ueP+id bMsna of da (osn ~t aW time. It tM ba~ i~ P~~d io fuH. aootNn~d ot ~in~nad, d~e ~A~ku thtU nai» •
r~fund of tM unNrn~d portion of tM ie»rat n+d imwana p~«niumt ean+put~d bV th~ Rul~ of 78's m~tAod. txapt dnt tM 8ank shNf b~ ~ntitNd to ~wiR .
a minimum inta~tt dwr~s of ~.00. . . ~ .
CREOIT UFE AND C1iEO1T LIFE 8 DISABILtTY INSURANCE ARE VOWNTAiiY ANO NOT iiECU11iE0 FOR CREGIT. SutA imurs~eowta~ ia
awil~bf~ at th~ aott d~sipn~~d bNow fa the tKrn o! tlr endh: Ii1= for ~t?r~dit Uit Inar~ (W ~ -
tor G~dit 4~~ A OiqbiliH Inwrano~: . .
CMck ? G~t lih Irourinoe is daind oo d~ Iih o1
MW srd!dit~ _
Box ? Qrtdit Lif~ a piatiility I~uws~~ is dsi~d 4n .
Birthdst~ -
~ Cr~dit Li/e snd/w Oif~bility Infu~snw is not desi?td. ~
~cr. QQC. 15~ 1978 s~~~~+ ~1
. O . ~ ~IS ~ •
S+~cun •
As Mcurity tw Ms psyma~t of eM Nou ch~ MWc~r henby yrants to the a~urny inarat .In Turt e Ree 11 . I!
~~gd in Q R. Book 255. PAee 235..Unit Week 28 in COnd. C-~, Ap . tto. - as eacr n
! Sat~~~aa~ SEE BACK IN~jJ~1 LM~N7'
l~TE
I; ~ne~uaieg .u ine..a~s, wo.utucio~, nplaean.e~, add~~ions .nd sc~ioru in~no «+a ~n tn. proo..a~ M.no~ IN...1n~far n1Nd °coNanrN°~. Tha..wriiy
; ~~ter~sc thau Nso acun an1? _odw ind~bndn~p a ti~biliey ot tl~ IN~k~. to eM B~+k dinet or ind'w~et, abEdut~ a eo~unp~nt, dw a to b~ea+M dw, eow ~x•
I isti~g or huMttp arisin9, intludiig Mf futw~ adv~no~s or lo~ns by tAe Br?k to iM IM~cer. - ' •
~ TM 8ank K abo Oiv~n a lien ~nd s s~w~ily imbrht in dl property and feCUriiMS o1 the WItIcK. sndasK. wnh?. yusranto. ~ sccannwdstion p~rty of this
~ Noa (AN~insftsr nfund to ~s th~ "ObliOon"!. now a+ or st any cinN haufcK eomina into the oontrd, wscody or poa~sion of d~ Bank, wMthK fa th~ uc-
P~aswd PurPo~ 01 brirq uMd bY tM B~nlc st Coll~trnl. w fw any OtMr Durpoq. arid ~~pon aeY bslsnc~ or bNr~ou to dN a~dit oi any aocounts, indudinp
; trust and a~y aoowu~ts mNetatMd wiNtM B~nk b1? a~Y of tM Oblipors, snd the Oblgas syrM tu dNiv~r to tM Bsnk sdditionN Co11~brM a mMa tueh
psym~nb in nduetioe~ of M~ O~~neiPM smount M the bin s~ d+a116~ ~tisfae~ay to tbe Banlc, in tM w~nt dw aforKrwotia~! Collawal dwH d~die~e in wtw
w b~conn wrstitfsetorY to tM Bank. . . , _ _ . _ .
Addition~ to. hductio~u a~xeh~s of. o? w~b~tiwtiom for th~ Co1latKd. Pwmena a? socount M Uris losn or i~~ of tM anw. w oth~r lo~a mad~
putiNly o? whotlY th~ Coll~qql, mall hon~ tinM to tinN b~ n~ without df~ctinp d+e Wovhions of tbb Nou. Ttw 8ankfhall txMta~ haoMbN can in
the eustadY and P~~ion oi tM Coll~ur~i to 1M ~~ctMt ~puind bY ~PP~ic~bl~ ttatuN. ad dall M d~M+Md to hw~ tx~rciwd r~on~bN ca~ if it bk~s ~ucA
xcion for tlMt pwpow ss M~ku. fiN1 rpwrnbh? n4w~t in wricino, bw no omi~ioe to do ~nt? sci nornnuaadbY Msk~r ~hMl b dNrmd ~ ~Wun to ~x~rci~
rsssonabb qn. #nd no omiaioe w eompiy wiffi an~? r~qwsi oi M~IcK dW1 o.f iadf b~ dMn»d s f«lun w~x~cae ru~ornbb csn. Bank ~hNl rwt betiowid io ~
tak~ snY :dOt Mo~rY to W~tMV~ anY r{~ri in dN Cotbwal ap~itqt Pr'wr Psrtip and. MMcK sMd t~ce Nl rNOUS~y tt~Ot (or w~h PwO~s• TM Bank w its
nomin~e r~d not oolNtt intKa~t on, a s PrM~cip~i ot, aiW Collateral o~ ~iv~ anY notioe with n~p~ec to it.
Th~ Bs~k n+h?oontinw to hold se1? CoNst~sl d~po~it~d Mrwndu ~ft~? t!a PsYmrnt of this Noa. if at dM timi M th~ WYment and d"adury~ MreM snY ot
th~ pati~ Iid1M iOt tM P~Y~t lMnof ~ b~ RMn dinet~Y or Contirq~ntly li~blt to tM 8ai~k M Mrker. ~ndo~Nr. wtitl?. ~ua~~ntor ot aooonrnod~tioe psrty ~
of sny ~oth~r nou, draft, biN d t~odfhi~i, a otlw iMaum~nt, o? oth~wia. and th~ BMdc mw.dMrNfm ~z~?ciw sll rpha with n~p~et io s~id Co14u.N
qrsm~d Irnie ~n Magh thls Not~ ~ 1~ b»n w~n~rd ~ d» INNwr. i
If tM 8ank dNnr itMlf inN~un o? upon tM h~pp~ni~p of sny of tIN follawirg w~nd, wfi of which shNl ooratitun s ddault, all liabilki~ of weh M~kK to ~
the Bar~, ineludin~ th~ ~tin unpsid PrineipN of thia Not~ and aarwd inqnat. bM any un~tNd ina~r~t ~nd any int~ntt In ~xaN of tM mucirtwm a1low~d
~ bv Nw.and any nb~ta tpuind bY bw. ~hMl fnw~diaalY-a d~rNf~r. ~t tM aP~ of tM B~nk. txapt dac tM oawn~a ot (t) w(N ~haN eau~e sutan~~-
" ~e aealN~tion: witl+out notia or d~nwnd, broom~ dw and phrabM: (a) tht faif~n of a~y Oblioor ~o pMforen srry obli~tion. li~bNity w daim to th~ Brnk, to p~y
~ int~htt l~ion wiMM 10d~yt aftK it i~ dw, w if dNr~ b no dus d~q. ~ftN h& bill~d a atMrwiN nqu~t~d or d~rtw~d~d. or to WY ~~N otlNr InbilitY what-.
so~va to tM Badc wf»n dw: (b) tM dNeh of anY indiridud Oblqor. tM di~olution of ant? P~jP Oblioor a dr di~olution. enK'yK o? oonalidrtion wiM-
~ out eh~. Sank's pria wrktrn conNnt d anf? eaporae~ Oblioor, kl 1A~ tifHp of a O~tition in b~MaoP~c1? a tM adjudio~don o1 inwhwneY a b~nk~uYa,v undu
u+Y norY~nlntion. Krwg~~nt, n~n+~t d d~bt. diud++tan. Iquidrtion or tinliUr.OraeNdinY w~? ~np F~d~?M o? sta~ aatua, tw or a~MKt antr
~ Obiqa: (d! an appliation ta tl~ appointnMnt of a naivr? ta, a tM ntikkq a~ a p~a1 awiOnm~ne fo. tM b~fh d a~diton bY. MY Obli~or: tM ~nay _
~ of iu~fpn~M a~i~t MW ObliOor, (~11M iMYilq Ot any ~tta~d~el~nt or y~rnillMn~nt. or tln filino Of ally IiM, awfn~t ~~N P~MM211 Of ~ny Oblioot:ll) tM pki~ of
~ P~a+on oi anY tubtt~ntW Prt M tht pro~tty oi ~nY OWpor at dN i~t~na o~ ~nll Y~~nmN~W ~ud~whl?: (N tM dearmitwtion bY th~ ~~nk that i~Mri-
~ s1 sd~r~rN ~ha~ f+r oawnd in t!w fimntid ooedition d aiql Obliooc fran tIN ooeditions trt ford~ in tIN mott npnt fiMneiM tt~t~nMnt d w~h Ob1i~o? I
Mraofon huni~Md to tbe Brn1c, o~ ko~n tM ~ondltioe d wd~ Oblipi r Mrstotoh moK nanth? didoMd to th~ B~nlc. a d~at ~ny wr?anel?. r~pr~+ae~on. i
ce~tifie~t~ or uae~nNnt M any Oblqor (~dM? oont~imd in ~k Nob ot notlO~iNnO w a in eonnrction wid~ thb NoN ot eh~ la~n ~+rid~ead bv tl+i~ Nw~ ~
~ ca+s~a+~ an ~ncrw a.e~rwwe d ee»ariM faat a ania io saa nrartN het n~awrl? in ordu w a~ eIw aaunwnn m~d~ eoe mi~di~: a. (D e1r
man b1? ~1? MM!w ot r?1? ~t1? in ~ny of tM CollsarN without tM Pryor writpn cww~nt o! tM ~alc.
TM Bank ~iMll hw~, but ~hN! not b~ {imit~d en, tIN toilo~w+~ riOhu. ~ of wAieh nry b~ ~zKCiMd at anfl tim~ rdwtl~ a not this Nob i~ dw: (il to
pN~ or tramiw d~is Nop ~nd tlw OolMaral and dN dank ~MN dwnu0~ 4~ rNi~Nd M aN d~tlM and n~po~wibilitM~ INrwrdK ~nd rNN~ Bom MMI ~nd dl
li~bilhl/ wia+ rMO~t to ~n~t Co11~tNd p pt~d~d or trM~hrnd. ~nd ng? pl~da~ ar tramtMN fhiN fa dl PurPwM snnd fn th~ Pwo~ d dN aMdt hMwndK M~d
tww W th~ ri~ht~ d th~ danlc Mr~unda: (ii) to tranrfir tM who1~ or ah? PKt M tM CollabrM Mao tM n~aw ot ieNlt a ia nominw: liiii to v~a M~ CoHraal:
tivl w ew~Ntr th~ Obliooee ot Colt~arsl to nwk~ PrfnnNa ~o th. 9rdc of anY .mouna dw or ~o b~oonr dw dMnon: (v) ~o dMmnd. ~w tor. oo1Me~. a ~ I
~
a'~s
use~` ~er`e~n
m~eans u~etORe'Me~°~s
oc~a~es; ~n , an /or~O~"~s a~i°gns~:°i
y eR~
~ NOTICE: SE8 OTHER 810E fOR IMPORTANT INfORMATION EOOK P~~~~VV= ,
~ F95 7S2 it~v. 7/7~ - '