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INSTAL~MENT PROMISSORY NOTE
. TURTLE REEF ASSOCIATES, INC. * ~N R.o.+r.d t 6'~~'~ - ~
. . ~nc N~ ~s~ ?~«+~~.ia c..ait none
Jensen Beach, ~lorlda 33497 uhiawa~+e~ s
~c~ oownnnan samw : n0 ~
o ~c w 1~? OthK Ch~qa Ue«nu.1 = none
. none
NOTE (~W. OATEC: .19 . (F) : none -
. ~c~ ~m F~+«+~.d 6,84~.00 .
au~: .~s~. s. e, o. E. Fj : .
~ IHI Inqn~t t • •
PIACE: . FIORIQA (11 G~dit Inv~ti~tioo ~
lJ) OtM? i
Foa wlue naivid. tM und~rtiprnd (hKNn'f tK qlNd ••Malur••) iointly snd tw~raMy (li IK) _
mor• tMn on~) P~o~iN to MY to tM or ot tM BM~k. ~t its MHa titad abov~. tM ToM
ol Pay~ts (trotn (l~l at rqht) d 10 Ooll~rs payaW~ ie .,~,ZQ_ (u = ,
wua~ nanc~~y t~nuun~na of = . tn. raa lM1- FINAIrCE CHAROE 4,008.00 ~
~n (H. 1. J. K. C) _
irqeNlmMe dw oe . ..19_... ~nd wbwqwnt insWlm~nn dw on IN) Tonl ot Mrm~nri (0 + II+U = ~ ~
eM d~tl of ~rh~o tl~aftrr~to~Ma wiM a FINAI BALLQON PAYMENT OR: ~NUAL PERCENTAOE RATf ~ 'K
: nv~ ~E ; i9-
. ,
T1N ~Snlc ~hall inipoM a dNlnQw+~Y dw0~ p~Mt eh~ ~Mlw on ~+Y Owm~nt whioh hM -boo~rN dw.~nd nnMlro N d~iwit fa a 0~?bd In ~xaM M 1Q ,
cls~n in ~n ~mouM puN to ~ of tht amount M tM Wjncbd p~t of th~ p~ynwnt in d~fwl~ In th~ w~nt th~t tM Nob ii tlot pNd M fuU ~t m~ri~it1?. ~11 Ps1?•
mN+a, wMtbu P~~+w~, int~rat or othe~wiN. qwll bwr intKat at tM maxinwm Ipd na ~Ibw~d u~ th~ Iww o1 tM St~t~ of Pbrkh. AI! p~enM+a n~
1~w+~dK sh~ll b~ endit~d tirst to int~iat ~nd tt~ co p?incipN, how~wt, in tM wa~t ot dNault. th~ 9Mk~1l~ M kt fo1~ dMcntion. ~pply ~nr pNnMnt fo
ime.at, principN ud/o. lawtul chuqa UMn ~oerwd. h b the tnte~tion of tM pati~t h~nto tMt tM provi~ia~s Mrtin dwli not provid~ dlhetly a Indinetly
(o? t1N p~ylrlMt Ot a yrNtN r~U Ot i~tNqt or tM ~bntiOn Of My othN chNpf thM1 h ~Ibw~d by bw. li, fa anY ~won. inbrNt in ~xqM M Iuth IpM nt~ or
s cha~ prohibit~d.by i~w sUall at any tirtM bt Paid. snY wch ~xo~st ~hall ~iN?~r earstitub and b~ trqbd ~ ~ P~Yn1~nt on tIN prlnCbd or b~ t~fund~d dlhetly
to tM IMNca.
The M~lc~r ~ntil p~~p~y th~ Mtir~ u~aid bdanct of th~ Iwn st ~ny tkm. li tir Iwn is pnpsid In full, ~caNrst~d or nlltwnad...~hi AANcK sh~U r~i~ •
r~tund ol tM umarnd ponion of th~ in~~?s~ and inwr.no. pr~m~unK tom~we~d by th~ RuN of 78's m~thod, txqpt that fM ~nlc ~ll b~ ~ntithd to r~uin
a nanimum intK~st dwp~ of s6.00.
CREOIT LIFE AND CREDIT LIFE 8 OISA81lITY INSURANCE ARE VOLUNTAIiY AND NOT HE~IJIREO ~ON CREDIT. Sudi imuane~ covMa~ is
svsilM~N ~t th~ eoa d~siqnst~d below for cln n.m of tM cndit: S tor Ctrdit Lifa Irnu.sna (b) !
tor G~dit 4.ife ~t Oi~ability Inwrana: _ . . . ~ : •i:
ClNCk ? Ct~dit 4t~ InwranCt is d~sind on tM lif~ of . . - , _ ~'~i
Aw.~~ f
r.N.•. . ~ A
Box ? Cr~dit Life d Dii~bility Inwrsnq is d~sind on
~y BKthdat~ .
l.~ G~dit Li1s snd/w Oisability losurana i: not dqsird. /
Date= - - Siynature x • '
c a derson Sy ~
Sipnstun e r
' As t~wri f th~ mtnt of tha Nots tNe Maker her~by pr~nts to tM n ~ ~fya ~~h~he fdfowinp propKty: n Ur e ~@ n. I y
recorde~ ~n 0.~. Book 256, Page 235..Unit Neeks 35 and 36 in Cond. C-14. Ao.t. Mo. C-14~as
' ~~T mor gage. -
~ncludinp sll incnsNS, substitutia~s. rplaarrnnts, ~dditions and scpssions ther~to and in tAe p?oc~eds th~rwi (h~nimittr pll~d "Coltaqrat"1. Thq qauity
' ~~t~nst tl~all sFw ~cun ar~y oNw~ ind~btedeas or li~bility oi tM MNca to th~ Bank dinec a indir~et, sb~dut~ a eontinp~nt, dw a to b~com~ dw, now ~x-
E ~stiny p h~rNttN s?isinp, intludiny sll tuturt ~dvana~ or los~?s by tM Bank to tAt Mtker.
~ Th~ 8ank it Nw pivrn s li~n and a s~curity inqr~st in s11 prop~rty ~nd securitiss oi ~ OA~ker, ~dw~, wnty. 9uarantw o? secommod~ta~ pMty of this
~ Note (Mninsftp r~fund to as th~ "Oblipon"1, raw in w ~t any tim~ hars~lqr oominp into th~ eontrol, dntody or po~ion of tM 8anlc, vMNtM. iw th~ ~x-
( P~~s»d P~trPa~ d beiiq w~d by tM Btnk as Colbta~l. or fw sny othK P~+~POS~, snd upon sny balanN or b~ianpt to th~ cndit W any ~ocount~. indudirg
~ truft and aqtney aooaints msinaiotd withth~ Bank by any ot th~ Obtiporf, and tbe Oblipors pr~t to dNiwr to tIN Bank ~dditionN CoIIaLNN Or mNc~ tuC1?
paymMri in riduction oi t!N principN amount of th~ tosn s~ shdl be s~tiffsCtory to tt~e Bsnk, in the sYem the afororrrntion~d Collater~l sAa11 d~clin~ in vdw
w b~tan~ urMStistattory t0 tIM BN~k. . .
Addition~ to, r~ductia~s or exd~np~t of, w wbstitutioru (w tM CollscsrN. psymrr?tt on ucount of thfs losn w inu~s of tM qrr~. or oth~r lo~ msd~
psrtislly or wholly upon th~ CoI1~Wa1, nwy hpn tinN to tinN b~ made without sif~cting tM Prorisions of this Not~. TM B~nk shafl exercit~ r~o~+~bb cars in
th! q/ffOdy a/1d pfMNtl~tiOf1 O~ thf COII~tN~I t0 tIN ~xtMt f~qtllfld by ~pI1CiWt ftitYtf, and ~hsll b~ dwnwd to Aav~ ~xKCiad ~wson~bM an ii it Wcp wcA
xtion fof thst pwppp as Mdw tAa11 ~worqbf~r ~pwtt in writieq, but no omaslon to do a~y act not nqu~strd by IN~k~r d?d16~ dNm~d ~/aNun w~npeis~
rpsonabN prt, and no emipion to eomply with any ?~quat ot M~ka ~hsll oi itseN b~ dNmd ~ failun w exacir naornbN ar~. Bank ~I+NI eot be baw+d ~o
take u~y ~bp~ iNOat~ry to prNKV~ ri~ha io tM Co11~t~rM a~irot prior putia and Mak~r ~h~lt ulc~ slt fnn~sty sbpt tor wcfi pu~pwn. TM Bank w iu
n
nomir~ n»d not ooll~ct inmpt on. ~ principd ot. ~r Collsanl or ~iv~ any notia with r~c to it. -
Ths Bank m~y qontinw to hold sny CoIbWN dpwibd Mnunda dt~r the payrtwit ot thb Noq, if at tM tim~ of th~ psymtnt snd dad~arqr htr~of sny of
tlr p~rti~s liablt fb~ tIN piym~nt Mnof ~hall b~ tMn ~ncth? or oontinptntN liabb to tIN Bank st M~Ic~r, ~ndoner. wnty, puarsntw or ~oroerrnodation psrty
oi any otMr not~ drdt, bill ot ~xdun~, or odw M~ttrum~nt, or ottNrwi~, and th~ Bank m~y d~fta ~x~?ci~ sll riphri with r~.K to tsid Collstt~al
pra~tad I~~en w~n tho~qh this NoN thNl hM bMn wrr~nd to tM IM~lar. ' .
If cM Baek eNerra itfdf ieu~eun or upon tta happ~ntnp ot sn~t of tM tollowi~q wfnte, ad+ of whieh ths11 eo~stitua s d~tault, sll fiabilkia of peh Mslur to
tM Bank, inc{udino th~ ~ntin unp~id printipsl of thit Noq u~d aocru~d inprKt. l~ ~ny uMamd inprpt and any int~ntt ie ~xpM of tFa maxinwm allow~d
by law and sny r~b~ta_ rquind bf? law, ~hNl immdittMy or Mrnsfta. ~t th~ uP~ioe of ~M 8antc. ~xaPt tbat tM ooewr~ ot (c) a(d) ~hNl csu~e autorrwt-
ie s~ation: wid~out notia a cN~wnd. l~e~er»dut ~ad qyabN: (d tM f~iture oi any Oblqor to p~?fam a+~r obli~tion, li~biliq a d~Mn to th~ B~nlc, to py
~ int~nst fwnon withfA 10dry~ aftw it it dw, or H thM~ is no du~ drta. ~ft~r it a~ilbd w odwrwiN r~quabd or dsmand~d, os to p~1r sny oth~r lisbility what-
~ ~oewr to th~ 8ank wh~e dw: (b) tM dMd+ of any indivlduN Oblqa. Nu diaolution of ~n1? OMtr~~hip Oblipor a ttN dipolution. nw~ or oon~olid~tion with• .
out iM Bank's p.ia writqn conNnt M sny eo~pwsa Obli~or: k) tM filino of a p~ti~ion i~ b~nk~uptcy or tM adiudication of imdv~xy a b~nknpq,y und~r
~ any ~~orq~nisatiOn, s?tMlp~nwnt. n~wtn~tt of d~bt. diMOlutbn, liquid~tion ot timilN MooMdinO undM anY F~al w ttat~ ~tstuU. b1~ a a~mt ~nY
~ OWpor:.(d1 an appltcation fa tM ~ppointm~nt of ~ naiva fqr. a tM m~kinp of a prn~nt aaipnm~nt for M~ b~n~ftt oi a~ditors by. a~y Obliqor: (d t!w ~nt+~r
~ o~ 1~~ ~ aiw ObliOor: (f) tM i~ufnp of any mNhrmnt or ~nbhmrnt. w eM filiig of any li~n, ap~fnst anY P~oPM~Y o~ +~+Y aMpor:19) the qkin0 M
Doss~ioo of any Nibtt~ntiM R~ of tM prop~rty of My ObliOo~ at th~ iMtanc~ of any 4owrnmM~al ~ud~ority: lh) tIN d~t~rmin~tion by tM ~ank tMt ~ mat~i-
~ sl sdwrw charq~ M~ ooain~d in dN fin~ncid owidition ot s~?Y Oblioor trom t1N Cadition~ sK torth in dN nw~t r~pnt N~w~CiN tqt~rtNnt ot w~d~ Ob~por +
h~.~toiw~ fureidwd to tM 8ank, p from th~ conditlon of ~uoA ObNpor sI hatwio?t n~ nantly d'adoMd to th~ 8~nk, oi tlat anY w~rranty, rprwnqtion,
ea~ifiat~ o~ stat~en~nt of ~ny Oblqa (wINtMNr eonqind in thit Not~ or notlOKbN+irp to or in eonn~ction wid~ thk Noq a tM IoN+ widrno~i! b1? thia Noa ~ ~
conuin~ ~n untru~ ttat«~nt of m~nr1N f~et or omiq to ttatt rtytui~l het n~qasry in ordp to nrlc~ tM st~qtrwnb rt~ eot malNdity: or, (i) dN ~F
rrnni by. ~ny 11Adw a any pufey io any M tt~ Col4aal widwe: th~ p.fa w.itan con~ne or th~ 8~nlc. ~
w
TIN Bw~k ~il hsv~, art dyN not b~ limiqd to. th~ol~owirp ri~t~, aeh of whieA mhr b~ tx~eird at sn1? tirn~ wMthN or rat thk NoM i~ dw: (il to ' I
p~~ a tr~ahr thh Noa ~nd dw ~otwanl and tM B~nk ~hNl tMrMipon b~ rNi~wd of dl dutNla~d.rapoMiWlitiK Iw?~r ~~li~d hon~ ~rN and MI
~iabutq wltb ~s~p.et to.n~? ca~aarN a ot~a a~..a..nd.n~? pi.a~. o. uan.t.n. M.il for.u o~rpos~ ~and in eh. pl~o. ot~ e.nk h«wr+a.. «a '
h~ th~ ?I~ts of tht Mrwndn: (N) to etsnd~r Mt wlwN or sny p~rt o1 th~ Coll~bnl into dw rw~N ot iaNf or ia rwminM,,l3ii/t~r vo~ tM. .
p rt
t. , ~ L 110t~/1? t~N Obl~ Of Nly COIIi~N t0 flMk~ (~nlMt t0 t1N BMI~t 01 a11y ~f110Yltt~ I~IM 01 t0 dIM tIN{rO1~:. ~VI ~ dM~'1M14. /Y~ ~Ot. 00~~
~ ~ as~
se~ ~ie"r`e~a m~eans u~
r~e`~Ree~°O~~SSO'c~°a~es; `~`n . an~/orCO~~s °as~'i°gn°
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' NOTICE: SEE 07HER SIDE FOfi IMPORTANT INFOfiMATION
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