HomeMy WebLinkAbout0024 ' ~ . . ~ 'i . • - ~ . ~ ~ - : . . ' . . . ~:l'~
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. INSYALLMENT PROMISSORY NOTE
. . .
~ TURTLE REEF ASS4CIATES, INC. * tN tinou~~ R.a++~a = s
- , . . ?~u?MS teu a~+w~ +a c.«u~ none
Jensen 6each, Florid~ 3~457 un~o~.a~~,r iM. s -
. ~ cc~ ooo~~~.ry s~. : none
OFFIC A - ~o? oa,.. a++.a~ t~~i:.? = none ~
~ . . . : none .
NOTE NO. DATEG: ~G.t...~_ .~e_Z$. tF? = none
~ ~ ~a F~~ ~
ouE: Dec. Y6 ,~A~$. u?. s. c. o. e. F? s
.
(H) ~~ar.a = •
PIACE: . FLORi011 '(i) Chdit InvMtiq~tion i~
w1 an.. s
For wlw r~qiw0: tM undKtiW~d (Mr~ft~r oNMd''MNcK") joinNy aodtw~rWy (it (K) :
mo.e eh~ oM) aani~ ~o pw to tfN ordir of ~M 9aMc, at iq ottia tkt~d abov~, eh~ ToW
of ~ym~na U•om (N) a~ riqht) ot Oolqn pwabN io : .
.qua+ ~wn~nw cn~w~a ot i •48 .~a IMI FINANCE CHARGE
- (M. 1. J, K. ll i
mtqllnNtlt dW on___~~„ ,18~. and wb~pwnt irotsllm~np dw on (Nl Totsi oi P~ynNntt l(i ~ M) i~ •
c~?.i[..~a+~~o„t~ti~+~~~«~~s~~~~t~!~~;~.~.~1,~,oQit~~rM~i?o~- f l?1~iNVAI~GENTApE Al~ ~i0;~0
- s - ou~ . ~s'~ ~ -
Th~ 8sni~ ~I?rY ielpoN ~ i~c~ d~er0~ p~ir~t tM Mak~r a+ an?? wvn~u arAicA h~ bsoom~ dw and nnnim in dN«iit tor a ow+od in ucaa ot 10
dsys in sn sn~unt puat to ~ of ~ht ait~ou~f of tM (xineipal p!?t of tM qrYmMt in d~fwh. In dN Mnt th~t Mt Not~ is not p~id in tuil ~t m~turity, sll p~y-
r~rnq. wMtl+~ p~incipit.' intNe~t Qth~~, qyll bNr i~t~nst st tM maximum IpN qa slbw~d undK tM I~a of tM St~tt of Fb?id~. All p~ym~na r~
hanur~dt~ ~hs11 aW+ud i~nt to n'itr~t a~ dNn to princlpM, haww?. IIti tM svK?t oi dN~ult~ th~ B~nlc m~y, in iri soN di~a~tion. apply anY ps~?n~nt eo "
interest. prineiprl iqd/or lawful iMn ~otrWd. It k tM inbntiOn of tM pa?tNS hlnt0 th~t tM p~oviiiw~s Mnin dWl not pt~ltid~ dit~Ctly Or indinttly
h
tor t1~ psym~nt ata ~estK nt~ of i ~ o? tF~a nttntioe of ~ny otMr chat9~ th~+ is dbw~d by law. lf. for ~ny intxat i~ `xaa ot ~ueh IpM ab or
a e1Nr~ P?Ohib{td bY Isw sh~il at ~n1f ti~f! b~ PtW. ~ny such ~xpri sl+all ~itAN owutitut~Q¢,~b1~t?~abd at ~ MYmN?t on 1M P~intip~l or b~ r~turNl~d dinCtly
to tIN IM~kN. . ~`•1.' , ~
!
7M M~k*r nry pnpay tM ~ntin un~id bslsnc~ ot tM loan st any tim~. H th~ lo~n is pnp~id in full. soalast~d or ?~/irnnad. th~ IN~ker ~Astl norirs a
~~?e~und o1 th~ unMrrwd portion of th~ intera~ snd inwra~u pramium~ eompucsd by eM Rul~ of 78': m~Mod, ~xcpt thst th~ Bu+k shNl b~ ~ntitl~d to t~tNn
a minimum inqrat d~u~ of :6.00. ` •
- CREOIT IIFE ANO CiiEDIT IiFE a OISA8ILITY INSURANCE ARE YOLUNTARY ANO NOT REDUIREO fOR CHEOIT. Such imurana tovKa~ a '
ansilabl~ ~t ttw oat daiqe~t~d bNow lor eh~ ttrm ot th~ a«fit: (al t to. G~dit uh ~nwr~ (b) t
tor G~dh lit~ ~ piqbility Intursnc~: . }
cMck D d~dit ut~ ~nwrance i: d~rad on th~ ~its ot . ~
nppt. - - 8'att~datt ~
Box ? Cradit lit~ ~ pis~bility tnwr~nce it dnir~d on
Birthdat~
~ G~dit lile a~d/a Ois~bility Insuronc~ is not dtsired. ~
aate: D@C. 15. ~78 X \ ~
Siprwwre
. ~ - ~ .SI~rlitYfY . . . 74 e ! ~ .
As s~curiiy fa ~ psyrnM[ of th~ Not~ tM Mslcer h~nby yant: co the Bsnk s qtwity interat in the fdlowinp prop~rty:ht ~~*+la 1ioo1~ lY~r~r~ - j~`
fl' R_ Am1c263 ~ pac~a 2002 ---[lnit we~cs 16 ~d 17 in Q~d. D-9. 8p~t- i~b. D-9 as
~ntludiny all inCrNMS. substitutiorq, r tf. additia~s and soass~ans thereto snd in M~ prooeedt tMnot ihK~inattt? a11W "Co11stK~1"1. Thi~ tKUrity
~ ~nttrpt lhNl Nso NCItt! sny OtMt intl~bt~dn~st or liibility ot the Mik~. to the Bank direcl or indir~ct. abtolut~ or Continprnt, dw or to b~COnN dw. now ~x-
f ~stirg a hap/br sritinQ, ineluding all tutw~ advanus or losnt by th~ B~nk to iM Maker_
Th~ 8ank s ~ko yiwn s li~n snd ~~eurity innnst in sll properri and sea,riciK of M~ M~kK, endo.~r, wn~y, qusr~ntOr pr sCCOenn?od~tiOn pKty Of thq
•
~ Not~ (Mhi~hM niKnd to as NN "Oblipori"1. tww in or ~t any timt hKpfur tomitg into tM tontrpl, qptody o~ pou~stion oi tl?~ Bank. wl»tMr fa tM ~x- t
j P~~sad pwPO~e of b~irp w~d by ~M Bank a Collaaral. a for any otMr P~~Pos~, and upon snY bslanc~ a b~lana~ to ~M a~dit ot ~ny aocounts; ine~udirg
' trwt and p~ney reeountt m~inaiMd withth~ 8ank by ~ny oi tM abiipors, ~d the Oblipors prN to ddiva to th~ Bank sdditional ColbtKSl or mrk~ wd~
~ payrt~tt in nduetion ot tM principN smount M tM Iwn a ~hdl b~ s~eisfactory to the Bsnk, in thf fvlnt M! dOflm~ntiOMd COll~t~r~l fhill d~CIiM in v/lYt
w b~eorm u~tisfaetory to th~ B~nk. . .
Adslitiom to, nduttio~ w~xchsnp~s ot, or wbstitutions for tM Collatersl, psymsets on aooount oi Mis Iwn a incna~et o( tM sart+t, o. otl+K toant m~
pa.[is11y or wholly upo~ tM Co11tmM. m~y Irpn tin~ w tinw M msde without stf~ctinq tfie provaions M this Note..TM Bank~lull ~xaci~ r~onsbN esrs i~
the custody snd praKV~tion ot cl~ Co11~tKN to ~M ~xtMt rpuind by apptic~We statua, snd ihNt b~ d~md co hw~ ixKeiad r~o~abN eK~ it it t~ka w,ch
x~ion fw thst purpoa a~ I~MIcK ~hsll naorobly rpw~t in writirq, b~t no omission to do aotr aet noc rpupad Dy Maka ~hall b~ dNen~d ~ hilun ~o ~xaei~f
?easornb4 ~cut, and no ortauio~ to con~y with any nqwst of QMk~~ha11 al itsalf be dwmsd s f~ilun to ~xaci~ natonaM~ ur~. Bank dall not bt bow~d to
tak~ sny ttp~ n~oanry to prpwve ~ny ri~q in th~ Collaaal ~yairot prio~ parti~f a1?d_Mak~r tAsll tak~ ilt n~us~ry stpt tor wth purport. TM Bank w its
nominN nNd not oolbct inta~st on, w a prineipN of. any Collaaral or piw sny nocio~ wiM'ri~pf~'to it. ~
TI» B~r?Ic m~y oontinw to hold anX.Coliat~at dpo~ibd hKwndK sfter the psym~nt of this Not~. if st tM cim~ o! th~ payment and di~charp~ Mr~of snv of
tM p~?ti~t li~bl~ for tM psyrtw~t Mriqf ~hNl b~ tlwn dinetly or oontirgMtly li~ co tM 8ank a~ Mdc~r, ~ndor~er, wrtty, 9ua.snta or aoconrnod~tion pvty
01 any otMr noq, drdt, bift M~xdiarq~, o?'otMr iMtrum~nt, or odNrwi~ a~d tM 8~nk mw dw?a(t~r ~xaci~e MI ripf~a wiM rhp~ct to s~id Co11at~?sl ~
yrant~d IMr~i~ ~wn tbwgh tha Not~~As1! h~ tnM~ wrrM~du~d to dN IYbkN. i
If th~ B~nk d~ iqNf ir~q~turt W,upoe~ tM Mpprni~p of sny of tM followinp ~va~ts, each of whieh shsll ooratitut~ i d~twlt, ~tl liabiliti~s o! Nd~ M~ka to ~
the 8ank, indudinp tiN ~ntir~ unptid pineip~l of tbi~ Npt~ and aeuu~d int~ntt, Nq any unNtmd inwNt and any intuat in ~xout of th~ macimwn albw~d .
bY I~w and sny nDst~s rpuir~d bY law, ~hMl inrrMdiaply o? M~nsttM, at tM oPtion of tM Banlt. ~xapt thst thi ootwrtnoe of.4t1 or t~ ~lalt ca~w~ ~utanlt- ~
?c aoalu~tion: wphort not7oe or d~nw~d. b~oonntdw ~nd pyabN: ld'tIN f~elun oi anr ObNpor to pe~orm any Abliption.lirWlity or eliMn to t!w d~nlc, ~ p~? '
incerpt h~non witMn 10dtys afu? it n dur, or if tt~~ it no due daa. ait~r it b billd a od~rvw~ nquat~d or d~nwided, a w pry any oth~r li~bility whst-
~ soeva to ti~ Baidc whai dw: lb) eM dqth of any iMioiduN OOlga, th~ di~olution of eny pKtrNr~ip Oblqor a the di~olwiar?. n~lN a oonalid~tion witM
out cM BM+k's pria w?itt~n.oonMnt M any oorponq ObiiDor: ki a~. r~~ of a atition in b~nknptey or tM adjudiatioo ot imolwn~y a b~nknp~ey w~dn ~
~ any r~or~t{on. amnOMtMnt, rMd~ttrtwrt of d~bt, diNOlution. liquid~tion o~ simil~r Pro~M~n4 u+~r ~N F~dpal w sq1~ tntut~, bY or M1M~ s~Y !
~ Ob~qor, Id) an iation for th~ ~PPantn~?t.of a nqiwc ta. o? d» nrkin` ot s q~neril.~m~nt for tM b~fit of a~d+tat bY. ~Y Obli~a: (~l tM ~ntry ?
i
of ~ud~t ~ay Obli~or, (f1 dM hwirp of ~Y ~ttad~nNnt or y~rnirhmM~t, o~ tt~ 1Airg of a++Y ~ilr?. ~~M? P~~t1l ot ~Y 041ipr, th~ qkin~ oi ~
~ vos~ion ot any subiuntiat Psrt ot tM~proprty ot sny Oblioor at tM imtana of any Yo~nwrw?tal.wthaity: IN d» d~t~nnimtion by t1N ~aNc tMt ~ ennnM
' st adwn~ eh~rp~ fNS oown~d i~ tM fi~w~eid oa~tion o! arry ObliOo? frwn tM oa~ditiqr Nt fotW in NM mo~t noN+t fin~nCiN staMnrnt d ~ucb Oblipr
~ herstofa~ fwni~d to tM 9snk, or trae? tM ~tion d weh Oblipo. a~ haetofon moa rro~ntl~r dqdoNd to ~M Bantc, a tlwe any w~naney. r~pwn~fon.
c..utiaa or pat~nrnt ot ~r Owioo. IwlreMr oaiuimd in thi~ Nou a noel o~~o eo a in oonn~aeion witn d~a Noa 1wn widN+ad Or d+it NoM
contain~ ~n umru~ nat«mnt ot nya.iM bet w omia to st~ m~enisi faet n~o~s+rv in o.dr. co nrk~ th~ suanwnc: m~iw~enirN~d'ay; or, (q tM aMi~n- '
ment b1! ~nY Mska of srMl ~H ln any ot tl» Colbt~nl wid+out tM P~br w~itUn eorw~t o! ti~ Br?k.
Th~ 8ank ~hMt h~vr. but p~ll not h~ li+nitd eo, tM foi~owino ~i~q, qeA ot whieh mM b~ ~xKeiMd at aoy tim~ wl»dia a not this Nolr M dw: (f) to
pl~ o~ tr~l~r tAi~` Nott ~nd tM Co11~arM and eM B~tAc_~MII tf~wpon b~ nli~wd of aN duti~t and rNpansibilitip MnuedK and rNiewd hotn ~nY and aN
Iisbitity wiM nlp~at W M?y Co8swal fo pbd~d or trantfNnd. and siq? VNdY» a tanpKM Mnfi to? MI PerPoM~ ~tand in tt~e plso~ ot tht lrik h~wndrr Md ~
nsv~ all d+~ rpha of ~ 6ank hwwndw:~lN) co trand~r t!w wiwl~ or ah? PMt d dr Collaaral into eM ~ of itwH a its nominM: tii~1 eo voa pM Co1N»rM:
(~v) w rwtih tM Oblioon ot ~+'f? Gelbt~?N w nrh~ PNnNnt ea tM B~ntc of anl? amoune~ dw w to baonw dw tlnnon: (v) fo d~~d. ~w for. ~blMet. a' i
m~k~ any ~ttNrewnt it whh to tM twa1: vi) w • of oa~dt of CofMtva~.
; I~c~ as used ~iere n means u~r~e Ree~sso~';a~es, `~`n~°Man~~rCO~~s a~~ns:-
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NOTICE: SEE OTNER SIOE FOR IMPORTANT INFORM/~TION i.
Fes ~ss a.r
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