HomeMy WebLinkAbout3001 . . a s .s. _w~. . . . _ .^tr-_ . ~ . ~.~r-'. .ydE. -.~C~. ~i-.. _ " ~i.e.. yfr~ , aai~id^ r s Taa'1.. i . . . . . t .q ~
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: ~ IN8TAl,LMENT PROMISbQRY NOTE 1~
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~ ~ ~ , ~ . TURTLE REEF ASSOCIATES, INC. ~n? An~ow~e Ma+~s ~ = 5~~•~ _
- ~s~ ~«~wr ro. cna~~ none '
_ Jens~n Beach, Florlda 33457 ~aro~k,r s . ~
ta o~~w+t.n sw~. : none
1 tD) OdN? ChM9N (ibnMs~1 ~ i !'18 r
, ~ = none
NoY~ No. ~ ~ a?Tea: ___.______~v. _ 19, ~,~~...7~, t~~ ~ s none
z . tc~i ~?mow+~ FM.~e.a 59Y~.0(!
DlC. I SR C, D_ E. -FI =
OUE: ' . (H! • U ..i~t =
PU1CEc ~ ~ , FLORIDA Ui Cndit Im~tti~tia? i „
I,q OtMr i
Fa. vMu~ naiwd. iM undini~d (M.Nn~ftK alwd "~Mk~"1lotndr +Md aw.Mh? f~t ~K! . : -
nw~ M~n on~1 P~omis~ to Pw to tM ~ of eM 8~nlc. it ia ottin~ tbt~d abow. tM ToW , _
t 9992.4~ oaa..vww~•.M Z~ .~v
~ ot hyn~et Itrom (NI st ri~htl d,~
(Nq FINANCE CHAROE
.awi ~~?hr ~~w~.~+ or t .~n. r~e ~N. K. u s 3460.40
ir~.1 du~ on l1.,_, >,1~. .~nd wbM4~+~ imql~n.t~na du~ on IN) ToW ot M?nwna (ti + N) . i • -
tM of ~w+~th tMtN~tKZto~MM wid~ a FfNAI 9AlLOON PAYMENT OF: ~~L PERCENT~OE RATE • ~
s DUE : . ~ 19'
TM 8~+?~c ~1?sl~ inwasa dMinqw~CY d~Mr~ ~ie~t tM M~k~ on a~w wb~w?e which Mt b~oon» du~ «~d nm~i~ ie d~t~ult ~ot a p~?tod in. tuc~N d!0, ;f:
datls in sn anaunt ~OuM to 5X ot th~ amount of tM Mj~P1~ P~ ot tM AWON~t il+ dNault. (n lht w~nt b naS V~d k? fult K ~rrtu~itll. all Pry-.
nw~n. wh.t~ aine~PSl. inana a oMwwiN. ~hM1 beK inu~ut st dw maxinwin h~l aa d~ow~d uneN? Saa oi F14fid~. Au ~es nwdt
h~rwnd~r ~hsll b~ cndind lirtt to intKU1 ~nd e1Nn bo prineipN. howsye~. in tM ~v~nt o/ d~tauk. tM Ai ~oN dnehtion. aPP~Y ~nY VM+~4
intKpt. W~30M MId/or lawFul cl?N9N tIN~ s0orwd. It q tIN inantiql of d~s PMti~.INr~ thit dN pr h~p~Q ~hNl not p?OVidi dinetly p i~fdi~
fw tM pwnwnt of s~rMa. na~of iM~rNt o? [M ntN?tia? oi any otMr.charp~ thM+ a albwsd by bw. lt, for r~i~, inarat M~xpn of ~ueh {pM rsa~c.
a clyrpe ptohibit~d bY 1aw ~hall ae ~ny tirr» be Wid, ~ny wieA ~xoat ~f~all ~itl~. constitua and bt uqt~d M ~~t on 1h~ WincipN ot b~ ~und~d dint~ ~1
to tht IIA~k~r. • _ -
Tht MNc~r nnY Pr~WY tM ~ntir~ ueRs~d balanc~ of tM Iwn st ~fl tinM. If tht Iwn is pnp~id iri tWl, aoaluat~d or rtlinfnpd.~M NNku ihsH ne~iw
nfw~d ol tM unwiwd portion of th~ ien~~tt snd iraur~na pnmiuna ear~put~d by tM Ruw of 78's mfthod. ~xapt that cM 8~n1c ihatl D~ ~rttitNd w nuin
a minirtwm inttnit dwp~ d~6.00.. .
CFiEO1T LIFE AND CREDIT LIFE ~ OISABILITY INSUfiANCE ARE VOIUNTARY ANO NOT REQl11RE0 FOFi CREOIT. St~ch inwnnw townyt a
aw~bbb st t1~ ooa d.sqnsud bNow tor dM u.an ot th~ padit: (a) : for Cndit Lii~ I~au.sna (b) S
tor G~dlt lft~ 8 Di~abitity l~nun++~sc - . - .
CMdc ? G~dit ~it~ inwpna is daind an N» tife ot ' .
Appl, , BirMdau
eox Qedit Lih 8 Dis~bility I~u~ar~ is dqiAd on .
~ BirMdste
~ Cr~dit Lih snd/o? Oitability I~ur~nq is not desind. - .
~
o~n- ~ NoY. ~,_1978 s~.~~.~
~ n . nan
. . ` . ~~.~.C~.. 6~~ -
ns awriq fa 1 o No Msk~. n c nk secwicy ~ in t ~ n Turt e~ee
~ ~~ri~.~, ~"ecor`~ on ~`~.°~oo~C`~~, e 2~...`~n~~°ee°~`~ an n . 9
'I , . as escr sa ~sort~aqe. ~
~ mcludinp all intrw~. substiWNons. nplsprn~nq. sddition~ and socationt tMi`tm and in tM proa~ tl~aot lMninstoK qlf~d "Co11~1KN"1. This t~wriq
C ;ntsr~t shsN also s~ax~ sny od~a iod~budr~t o? tiabtlity of the M~Ic~ fa d» 8a+k dinct a indi?~ct, ab~oluu or eontin~ent, dw or co b~eam du~. now ~Y~
~ltirq or l~Mittt Mqi~g, includitg W/utur! sdvMKN w 10~nt by th~ Bank to tA~ MskK.
Tht Bsnk it sbo oian a IiM and ~ t~eurity inwat in s11 PropatY snd teauici~s of dN INMc~r. ~ndor~er. wntY. Ownncar or accoennoduan prty of Ms
Nor th~r~h~.. ntard to a eh~ "OWiDon.•1, now in Ot ~i Nly tin1~ MrNitN COminp int0 tM Oontr0l, ouncdv or pos~asion ot iM B~nk, wn~cMr fo. iM ~x-
waad PwPwr of b~i~q ~d bv ch~ Bank a Collaaral. a ta +iw otMr P~Pos~. snd upa~ sn~? batanc~ or t~lanc~ to tM a~dit -ot arh? aocounri. indudin! -
~ cnm and ~e~e.y aooouna n+.ieuin~d withelr Bank by ~n11 of ~!w OWqon, and ~h. OWgas ayr.. to dNiwr to tM B~nk additionM Co1bwN or mNct we!?
E P~YmMa in r~d~etion M iht P~~~PM smount of tM Iwn a fhsll b~ ~titfactaY to the Bank, in tM ~wnt tM dw~rn~ntiorwd Co1l~terN ~hs11 d~din~ ie vMue -
or b~conr urwtulactory to tM 8snk. ~ . -
Additiont w, nduetions a ~xclwq~t of, a a~ciwtiont fw cM Coltamal, Pwm~na on sooa,n[ of Mi~ losn orkner~ of cM wn~, w odtir loant w+~d~
p~rtialh? os whotht upon th~ Collsqr~l. nrY from tiRM W dnM bt enad~ witlwut iff~ctinp dw prwitiont of thit NOt~.1M @ank ~all ~xe~tit~ r~NOnrbN qr~ in
eM Wltadl/ and pi~tion of th! Collat~ral to tM ~xqnt nquir~d by applicaW~ statutl. ~nd tl~sll b~ d~MnMl to Aav~ ~xMCiMd rM~onabN can if it qkM sueA
setion fo. dM[ P~P~ « IN~ku d+~11 ?woorbh~ rpw~t in wrieirg, but no omiision to do +iw aet not nq~aqd b~f~ MNn. rhM1 b~ dNm~d`~ t~ilun ~o wrei~
r~ato~N01~ p~t, and no omiaion to oomp~y witb sny npuut ot Ir6kw ~hal1 ot itsMf 6~ d~n~d ~ fadun m ~xaci~ r~ombN dn. 8ank dwll not b~ pow~d
cake ~ny tt~pi eNOatsry to prsa~rv~ rMl ri~ts in d~t GO{4tKN aq~imt prior pMtih srwl MMcu ~hMl t~ke dl n~ouW?y st~pt tor weh purpw~s. TIM Bank a it~
nominM nMd not eolNet ine~t en, or ~ p~4leipd of. ~nY.~oWwnl a~iv~ ~+Y notie~ witA .ap~et to it. . '
TFN Bsnk nM1/ oontinw to hOld aq? Collataal dpwitM! iMnu+ldM dt~ th~ psym~nt ot ihis Not~, i! st th~ tirrN of tM p~ynrnt and d'aehar~ Mrqi any of
th~ PKtiM ~i~bN for t!N p~Ym~nt lwnof ~hNl b~ tlwn dir~eth? o~ ow~tirplndY Ii~bN to tM 8ank st ~14k~t, endotwr, wntY, qusr~ntor or aeoommodation p~?ty
~ ot sny a1+N noa, dnft: ~11 of ~xd~. a a1lw? inaerunwne, ~a od~rwia, ud tM B~nlc m~y eian~fn. unrciM MI .pha with rnp~et to_ ~aid CouaarM
q?~Md h~ra~ w~n d~a~ Ma Nop ~hNl haw bNn wrr~~d to d» IMNnr. .
If t!w BMfk dMms it~Nf it~NCUn or epon tfw h~p~p~Mrq o1 any oi tln foliowinp ~wnu, ~eh of whieh fh~ll oon~titutt a ddault, ~Il liabilitia of Neh MMnr to
cM B~nlc, inetudirq Me ~ntin unPsid Pri~eIPM of thU Noa ~id ~ouwd im~rMt, la~ ~nY urnwn~d iear~t ~nd arhl int~nst in ~xpM of th~ m~xinMrm dlawrd ~
b1r iaw ~nd any reb~ta nqui~~d by I~w, aMll i~rn~diiply a tMnaft~. ~t th~ option M tM BMifc. ~xavt M~t th~ octvrnia M k) or id) ~1?ai1 cawt autoen~t-
ie a~ation: rridw~rt noeia or d~nwd, broom~ dw and p~yabb: (a) tlM fsilun of any Obli~or to p~rfo.m any obti~tion, li~bitiry or elaim to tht 9ink, to pN
~ intaat Iwrsot~ witAin ~Cdsri atar it it dw, o? H 1Mn it no dw d~t~, dtM it it bill~d or OtiiKwb~ r~qd or•d~nd~d, a to WY +eY od~ Ii~biliry MAat-
sow~. to ths Bank MA~N~ d~M: lb! th~ dwit+ ot a~y individud Obli~o?, tIN di~tolution o~ aiM? pKtn~r~hb Oblpa w tM diMOlution. m~rfa cr eiotMOlidttion wiM-
~ out tl» ~rdc's priw w?itt~n oonw?t d any eoaporat~ OOliOor: Ic) tM f~hg of ~ p~tition in bMflcruPtat? or tM adudiation of Fna~wncY a b~rtkrup~? w~d~?
~ any r~~eriration. arnrp~n~nt, n~dJwtrn~:t of d~bt, di~eolution. Ifquid~tion a simiNr Praa~dinO un~Nr aMl f~dKM a:taa faw~t, bY or p~ieKt ~nY -
~ Ob1pa: (dl sn +PP~iation fa tIM ~POoMtm~nt of ~ nai~ fa. a dN m~kinY oi a p~r~l ari~mm~t tor tlN b~fk of cndiwrs W. rnb Oblipe: i~ tM ~ntrlr
~ oi i~d/~w+t +~t +iw OWi~o~: (ti tM i~wi~w of an~? amohn»ni or y~rnid~n»nt. a d» tiliip ot an~?lir~, piMK+ an1? o~~h oi an~r OWpa: bl th~ akiM M '
~ vossr~io~ o
t any a r
b s
r
a
nt i M w?t o
f tM v~Q? o
f ~rw O b l i
p ~ st t
M i~w~a o
t ~ny ~ o~ r w n
a l w e h a i t
l
r: (h) tM d~armimtion b
t? tM Mnle thae ~ e~ ti- -
~ s1 sdrMU ~h~np~ Mt ooaund In dN fiif~nCi~l oo~dit{on d an1? Oblipr from the aonditions Mt forth in tIM mott npni fin~nciM wMnMnt of w~A Obli~of
h~rao[w~ fwni~lNd to d» dank, a iran IM oor~dition M~h Obliya a~ ha~tofon mo~t no~ntfy dqda~d to tM BM+Ic. w tlwt amr w~rran~f?. ~t~Mw~t~aw.
~ certifiuq a satsn+rnt M Mw Oblipr lwMeMr oonqirod in thi~ Noa or not) o~~M to a in ea~etion w~id~ this Nm~ a th~ 1wn «?id~ead br thi~ Naa
~ connin~ ~n wKrw wcwnM+c of nrwfd~a or oa~it~ to taa n+~wriM taet rNa~ar1? in adK eo nNk~ ~hr statanNnes md~ nw mi~N~di~: a, fi} M~ a~i~rt
~ ment 011 MY Mhkr oi any pwty in aey ot tM ColManl witbout tM prar wrirnn tor~nt M tM Bank. ~
TtN 6ank ~11 IaN. but Npll not b~ limit~d to.1M followiM rqhtt, aeh of whkA nN1? W tzMCiNd at +nY tian~ wMtAM ar not thk No1t it dw: {i! t0
pbdp~ a traatw tl~h Noa N~d thi CollsanN ~nd d» B~n1c ~MN 1M?~upon b~ nli~wd M all duei~ and r«OOmibilitia lw~undn ~nd rNie~d han aaY ~nd atl
liability whh rMO~Ct to ~M? Coipt~nl q pNd~d or valMNrtrd. Md ~nY PMdl~~ ot traiaf~ ~hW (or MI Ou~P~~ ~tand ie th~ Pi~ot.d ttN ~Mk fNrrw~dM Md
~ aN tM ri~ht~ of t1N 9aNc h~rw~: (iil to tan~dw dw wlwN ~nv PKt ot tIN Co1t~wN into tM n~nr ot ia~H a its ~omin»: {~iil to roM tM Colabnl: ,
tiv) to eaify dw Oblioon d+m? Oo1Nt~sl eo rnNi~ Phnn~nt to t~. e«iN M~w amouner dw o? to bseonr du~ q~on:~v1 to dM~wid. ~w tor. oepKt, a_
~ .
~ a~"~~(~ as use~ ~iere~n
m~eans u~r~e~Ree~ssoc~a~es
;`Yn . an /orCO~~s as~ a~~
~ ~ NOTICE: $EE OTHER SI~E FOfi IMrORTANT INfORINATION" i
~0~ v~ PAt~~~ !
~ FBS 7S2 Rw. 7/77
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