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• INSTALLMENT PROMISSORY NOTE
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TURTLE R~EF ASSOCIATES, INC. tnl ARwuni~wd = 7~741.00
NK NAM< ~ IYI a«a~ none
Jensen Beach, Florlda 33457 ~ u~O~'~`"''"~ _
, tc~ o«~,~~.n? at.mw = none
. .OFFIC Re to~ om.. c~uv.~ ~~am~.~ s ~ e ,
~e~ - = one
MoTe No. DATED: Oct.12 ,,g 78, iF~ = none
t(31 Amount Fimno~d ~ ~ 741: ~ .
oue: Oct. 26 ,~s s. c. o. F~
• IH) Inawst f •
PLACE: . FLORIOA (1) (~~cilt Im~ttip~tlon =
` IJ! OtMr :
Fa wlw~naiwd. tM undasip~wd (ha~ieattK plNd "INakK") jointly and ~rNly (lt (KI
mor~ tiwn om) prornis~ to psll t0 dN o~du ~ , t its Offic~ If~t~d abow,~j oW
of PaynN~p (Iran (Nl at rqht) oi Ooliws pryrsbl~ in _
p~,,,~„~,ti;,~,~~~„~ o,: iai. IMI FINANCE CNAHOH a 536.20
inst~NmMt d~N on FIAY. Z6 ,19~. ~nd wb~lu~t iettalln~nts dw on IH. I. J: K. L) _ ' -
(N! Total of hynwnu f0 + M) _
cM~,(~,_dw ot ~~wnth tMrNtt`.Lto~eha wieh a PINAL BALIOON PAYMENT OF: q~~~ pEpCENTAO~ RATE.~,_~,~%
= DUE .1~'
Th~ 9anlc ~all 1mpoM a tMlleqwneY ~har~ a~fna th~ Abiw a? ~y p~ym~nt which hs1 b~oom~ du~ a~d rarrbr M d~butt for ~ pKlod le ~xaN ot 10 •
dsys in M anwu~t ~quM to 5X of th~ amount oi th~ principM pKt of th~ p~Ym~nt in d~fwit. in tlN wMt th~t tM Nob b not pNd fn full at nyturit~?. dl pay
mN+n. w1+~th~. prlncipal. inte.ut ot otl~wb~. shall bqr ihtl~st ~t tM eia~cimum Ipd nt~ dbw~d und~? thi law~ of th~ 8bn ot F1ald~. All paynNnn nwd~
nerwndK ~MII be u~dit~d tirst to ina~t ~nd tMn to principal: ho+~w~r~?. in tM ~wnt of d~~~ult, tM 8ank may3 M 14s lol~ dbe~atloe. apply ~nY p~ym~nt to
~ncenst. p.iee~pat snd/or Iswful eMry~s ~n aoawd. le b cM inantion of th~ parcia hK•co M~~ ~ p?ovht~ f~etn ~t1 not p?ovkM dlnecly a indinctl~
ta th~ p~ym~nt of i ynam rat~ of i~mut a tM nt~ntion ot ~ny oMu chsrp~ thM+ b slbw~! by I~w. lf, to? aey rwon, IntKht In ~xpN of p~eh Ipd ran or
a ch~rp~ wohibind bv iaw s1+N1 .t amr cim. b~ W~d. ~n? weh ~xass ~h.li Ncha ca+~ci~ua aM b~ ~.e~t~d a~ p~ynNni on t!a p?Ineipd o? b~ nfund~e! dk~cih?
co tM MdcK. .
71w M~icK nry pr~y tlN ~ntih unpaid b~isr~ 01 d» lo~n ~t any tirn~. II tlw Iwn b pnp~id M lull~ ~cplN~Nd or r~}Inrno~d. tl+~ Mhk~r s~ll npiw •
refund o1 tM u~Nirnd pOttion oi th! intfrlst snd inwraoq pramiumt tOmputld by th~ Rul~ of ~8's m~thad, ~xqpt that tM 8a~k shall M entitld to nu~
a minimum intN~st chs~y~ ot ;6.OQ.
CREOIT LIFE AIV~ CREDIT LIfE 6~DISABIIITY INSURANCE ARE VOLUNTAqY ANO NOT qE~UliiEb FOR CREDIT. Such in~urane~town~ is
avaihbM at th~ Cott d~si~t~d btlow for thi tKm of tht u~dit: (a) = fw G~dlt Lite Inturant~ (b) !
tor C?~dit li~~ 8 Diswilitll I~suqnt~: _
Ch~ck ? G~dit Lif~ Inwranc~ if d~sired on tM lif~ of
Appl, gfrttxlit~
Box ? Gedit Life a Ois~bility Inwanp is dssired o0
8irthdst~
l=T~ G~dit Life snd/a Oisability Inw?anC~ is not detirsd. i- ~ ~j_~~A ~ _~~c~
~_f~I~ ~i
r
oat~:_ ~Ct. I2. 1g78 S~4nam.e - - -
0 .
. • S~nacur~
' As s~curity tor.tM payrrrnt of tM Note tM Maker hsr~by gru+t~ to th~ 8an~ w' In rpt in tl+e followi p?opKqr: • i
, P 235 U it Meek 40 n Cond. C-20 ~'t. No. - as escr
n aa aior e.
~ mcludinO all intnws, wbstiwtions, replso~rtNnts. sdditions snd scacsiorK thereto snd in the proo~sdt thereof (heninsiEa tall~d "Co11aMr~l'"1. Thit s~writy
i incer~st d~sll Nso pcun any oth~r ind~btdr~ a liability of th~ MskK to tM Bank dinct w indinct. ~bsolut~ or continp~nt, dw or to baom~ dw, now ~x-
I istirq o~ hKpitN s~isiny, intludi~g Nl lutun sdv~ncp o? loans by the Bsnk to the AA~ker.
I The B~nk k N~o piv~n ~ lie~ snd a acurity int~nst in atl prop~?ty and securities of tM M~ker, endorwr, wnty. ywrsntor o. "sccannwd~tion puty of this
! Not~ pursin~ftat r~ternd to p tM "Oblgors"l, now in or at sny time Aaptter cominp into tM eonirol, cwtody a po~aion ot tM B~nk, wMtlNr for th~ ~x-
E prest~d purpow ot bNns uad by tM B~nk a! CollataN. or fpr any oth~r purpos~, snd upon ~~ryl bsl~na or bNanc~s to tM a~dit of anY ~ocounq, indudinp
~ crutt srd sytney sceounn msinqin~d withtM Bank by sny of the Oblipon, and dro OWigort sprN to dNivN to tFM Bank sdditional Co1lat~rM or rrnke weh
oaYmMn in nductioe of tM principN amount of th~ io~n ss shdl b~ ~sti~factory co the Bsnk, in the ~wnt d+e ato?~~tion~d Colbt~rsl ~sll Mdin~ in value
or bttpnl~ umatitfaCtory to tM Bank. , ~
Additioet to. nductions o. exd~atg~ ot, or wb~titutiau for tM Collaterst, pryr~nts on ~ocouet o1 tha Iwn o. incnpes ot th~ am~, a other losns m~
psreistly or ~olly upon tt~e CollabrM. m~y /rom tinM to tinw b~ rn~d~ without sil~ctiry [he provisions of this Not~_ TM Bank~Mll ~x~rus~ .~NOnabl~ car~ in
~ne custady snd pnservatien M th~ Coll~tt?~I [o th~ ~xt~n[ requind by applipbl~ statut~, snd d?sll bs dNnrd to haw ~x~?ca~d n~son~ble ar~ ii it Wca wcA
action for thst purpon as Nlak~r dfall r~onsWy rpuNt in w~itirg, but no omission to do any xt not nqu~strd by MakK ihNl bt dNnMd ~ fsNun w t~?ci~
resson~l~N pn. ~nd no omiuion to canply with any nqu~tt of Msk~r shall of itsNf b~ ds~rtrd a failun t0 ~x~rci~ naonabN car~. eank ~hall not be bouod to
take sny st~ps n~q~ary to pra~rv~ ~ny riphtt in t!N COIIStKaI aprirut pria p~rtits and Mak~r shall tsk~ all n~ots~sry tqps tor wch purpoies. TFN Bank or its
nomira~ ~+~d not toI1~M int~rpt oo, a a prlncip~l of. ~ny CallstKd w yiw sny notip with nip~ct to it. ~
Th~ Bank m~y continw to hold sny Collataal d~pwit~d hs~wnd~? stter th~ paym~nt ot this Nott, if at ihe tirtr ot ths psyrr~nt snd di~charq~ heraof any of
tM pntiM liabb ta tM ptym~nt htnof ~hall b~ tMn dir~ctly or contin~tntly Ii~N to tM Bank as Msk~r, e~r, wrety, pw.sntor or aoew~xnoation ps.ty
ot any otM? note, dntt, bill of ~xd~sn~, a odN? instrum~nt, or od~awis~. ~nd th~ 8ank m~y tMrait~r ~x~.ci~s a11 riphts wiM r«p~ct to said CollataN
prsntd hKS:n ~wn thagA tha Not~ fh~H Aa~e bM~ am~ndlnd to tM QA~ku. . .
If tM B~nR dMn~t ittsl/ iro~cur~ pr ~pon tM happ~nino of eny of the followinp tvents, Nd~ of whkh ~hNl constitut~ a d~iwlt, Nt liabilitia of ~ch M~4r to
the Bank. ineludirp tM ~ntin ue~paid principsl of thb Noa ~nd acerusd inttr~t, las ~ny unqrnd inl~nst and any inf~nst in ~xo~ of th~ m~xu~wen albw~d
by taw and any r~ nquit~d by law, fl~ll inwewdiatdy Or d+K~aftp, st th~ optbn Of tM 8ank, ~xppt that tM oocwrNUt oi (c) ot (d1 tF~l Csuu autom~t-
K seaMration: wid~out notip w d~m~rKf, b~oom~ dw and p~yaW~: (a) tM failun ot sny pWqor to p~rfam ~ny ob~i~tion, li~bNity w elsin+ to tht Bank. to p~y
~nnnst Mrwn wichin 10d~ys ahM h b du~, or if th~~ it oo dw dat~, NUt it is bilbd a oth~wi» rpua~Ud or d~rtta~d~d, w to pt1? anY oth~ li~bdity wh~t-
P~
~ weve~ to tM Bank wf»n dw: lb) tM dastb of ap~ iMivlduM Oblpor, tl~s diaolution of anY D~~b OWiqa or ~M dis~olution, m~r0~r o? oonwlid~tion witA-
aut tM 9~nk'~ pior vKitan eon~nt M sny ewporaa OMiOa; (e) tlN filiiq oI ~ p~tition in b~nkrupt~y a ttw adjudiation of Intotv~ne.y a b~nkrupt~y ur~r
~ any ?~or~nisation, mnp~eMnt. rMdjustrrNnt of d~bt, diflolutiOn. ~tq~+itMtion or =1mil~r procMdirq undw ~ty F~al or stat~ statut~, bY a~~ ~1?
~ Obtipor: Id) an apptiption lor th~ ~poinb~nt of ~ nalw? tor. a th~ nylcins of a p~r»nl a~ipnm«+c tor da baNfh ot cnditon by. ~ny Qblipa: (d cM intry
of I~pn~ne p~imt a~y pbliqpr: (n tM i~wirq af ~ny, atad~m~nt. a 4srni~hnNnt, w tM tilinp of ~rry li~n, p~inst aM P~~Y o~ ~~1? ObIMa: N~ Wcirq of
~ Doss~tion of any wbstantial W?t of tM P~~h~ ~ M~Y ~t tM iiut~nea of ~ny ~rnnNntM authwfty: (h) tM d~tKmlMtlon bY tM Bank Ihat a~tai• ~
+ ai sdrrr~t ehanp~ h~n oxwnd in eh~ finaneUl oonditian ot any ObliOor irom tM tonditiotr Mt forth in tM n?ott r~qnt firnnciN statN+wnt W~h OWipr
~ ner~eoton furn~d to tM 8ank, or hom the oo~~dltton of web ObHpa s~ Iwrttola~ mat ~~antly d'udw~d to tM B~nk, a that ~ny w~rcanty, rp.~nation.
~ ce.~ifida ar qa»nwn of anll ObHpr IwMthK oontaimd i~ d?i~ Noq a nod Wrtdnin~ to or i~ oonn~etion with thb Nots a the loan wid~ne~d by tha Noa ~
contaim ~n umru~ N,ttom~nt of nrtKfN lact or omiq to tbtt nyt~rtal bet n~q~vy in ordtr to rtik~ thr ~tat~nNnu e~ not m~; a, (q th~ ~tiYn- '
mse?t by ~ny MNw ot ~eq? ~quiry in sny oi tM ColyurN without t~ prfor writt~n eomtnt oi the 8~e?k. ~
TM 9ank ~It haw. b~t ~11 not b~ limit~d W, dN fol{owirq rgha, s~eh of whkA R~sy M~zKCind at any tM+r wFNthK w not M~is No1~ a dw: li) to
P~~dP~ or trsnrfM ehlf Not~ Mid tM Co11~Nn1 and !M SMIc fhdl tfNrwpon b~ tNNwd of NI dutlp ~nd n1P~~litip tNr~undiM rfd rNi~vd han MN and all
1 W~ility wtth n~p~tK to ~ny ColfabrN a pl~dord a u~~d. ~rd ~nY PbdY~e a tnmf~r« d~Nl to? all pu~pw~t strnd in dN P~ of dM ~ank h~u++d~r and
haw dl th~ rtoAri of tM ~nk h~nunelM: (N) to t~rh. d» wf~ob w anY prt ot tM CoNat~nt hito th~ nanM ot iwM a ia nanin»: li~il to ro» dM Co~warM:
(iv{ to notify th~ Obli/on ot CollatwN to nrk~ p~ymrnt to d~ 8~nk of anY amountr du~ or to b~eonN dut d~enon: (v) to d~rn~. ww fa. oolNet. a I
~ msk~ arw ~t wieh to th~ bral: a vi) to • or d ot oa~ ot ColNtard.
~ ~ as use~ ~ier`e~ans ~ur~e Ree~~ssoc~°a~es, `~`n .~°`~"an`~/or°°~`~s as"~s~~s. . . ~
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NOTICE: SEE OTHER SIDE fOR tMPORTA~ ~~~MATION i
fes ~st a~~. ~i» ~ '
° R 31~. ~
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