The URL can be used to link to this page

Home My WebLink About0050 . ~ . s • s~ . - . ~ . ~c;. . ~ INSTALLMENT PROMIS90RY NOT~ • w • • , TURIL~REEF ASSOCIATES, INC. * ~n? ~~~A«.~wa s~•~~•~ N N M ~a~ h.~w~^+ ta c~a+~ none Jensen Bedch, Florida~ 33457 Uti/0~ibi1i~ = none - ~ . - ~ ~Ci ~ oowm~nta~r sw~. : oF ~C IDi OdN. C~w~ lit~ml:d t f1011@ Feb. + « : non~ NOTE NO. OATED: 14 .19 T4 - t none ~uE: ~b. 26 .~s 89, 1(i) UA Su C.~O. E"` i` s 7.144.00 ~ (w ~nt~ryn i s • PIACE: , FLORIOA 111 Cndh I~i~tian = ~,.,r_,.._, IJ) OcM. i For wlw nqiwd. tfN_ u~d~niprNd (Mhin~itK u1Nd "IM~kN"1lointfy snd Nv~rNly (if (KI ma~ th~n on~) promist to psv to tMo~~ ot tM 8anic. at ip otfip Ibad abow. TnoW 01 Paym~nss Itrom IN) at riphtf at 1Z 2~. ~ polt~n P~Y~bN in~z" (l) _ IM! FINANCE CHAROE 4 536. evw~ mond~H imw~m~n a~ t 0 3 . et~ tirse rrut 1 t dw on ~~h (H. 1. J. K. L) _ ~n .19 . and wbMqwnt i~atallm~nts du~ oe , (Nl Topl of P~ym~nt~ (~i + M) _ tM~._bL~ ot ~h~cb U+a~atn.~co~tha wiM a F~NAL BA~~oot~ v_AYMENT oF: A~~L p~pCENTAQE RAT~ ' r~vn i OUE ,19~ ~ TM Bank sMli ieripo» ~ dNinqwnty d~sry~ apsirqt tM Mska On MY P~Ym~nt whieh hM b~oom~ dw and ~en+~aa in dHwit fOr ~ OKbd in ~xpN M 10 - d~ys in sn amount pusl to 5% of tM amount of tM p~ineipai p~t of tM p~ymN?t in dNsul~ in tM w~nt th~t tM NoM it not p~id i~ fWl ~t nrturity. ~u pay mt+~ts. wMtMr pincipsl. inMr~tt or otM~vvi~, thN1, bNr inttr~tt ~t tM maximum Ipd roa ~Ibw~d und~? tM Iswt of tM Saq of Florid~. All pa~rnMnq m~ ' hsrw~ ~AMI a u~dit~d tirst to inqrpt and Min to priatpsl, how~r, in tM wsnt ot d~fault, tM 8~nk mty~ i~ its tol~ d'aentibn, ~pply sny pryma~t ~o inurat, principM sndlor lawiul ch~~s tMn soawd. It is dw i~antion of tA~ pirtip h~n[o M~t tl+~ Movisions Mnin fhMl not p{4vid~ dinctfy a indinctly tor ~hs p~ym~nt of a qrNiK rate of interat a tM ntN?tion of ~ny otM+ durye than i~ ~Ibw~d by bw. Ii, tor any rw~on; int~st in ~cs~ of wch IpN raq or s clwp~ prohibit~d by Isw thall ~t any timt b~ psW, am such ~zaa ~hsll N~Mr oonstitua and b~ maad a~ paymN+t on tM p.ine$~I or 6~ niuneNd dinetly w th~ M~k~?. . The N4kK nwy prpay tM entire u~sid brlaip of th~ losn at aMr tim~. If tM lo~n is p?p~id in full, aoeNust~d or niin~na~l. tM NMfc~r tl~stl no~iw a retund of tM un~s~md portion of tM intK~st and inwranq pnmiums cwnpubd by cM Ruls of 78's m~tlad, ~xppt thac tM Bsnk shNl D~ se~titNd [o nuM~ a minimum inbnst chs~ of ~.0~. CREOIT LIFE AND CREOIT LtFE 8 OISABILITY IMSURANCE ARE VOLUNTARY ANO NOT REQUIREO FOR CfiEDIT. Such imuranp cowray~ ia svail~b~ at [hs oost d~sipnst~d Edow fo. tM tNm of th~ cradit: (sl t fo? G~dit Lii~ Inwrana tb) t tor G~dit lift at Ditability Irqur~no~: . Ch~ck ? G~dit lift Inwtanct is d~sirM on tM lit~ of i4PP~• Bi~tAdst~ aox O a.a~~ u+e a a~~sai~n? ir+x,.,~ K~~.e ~ ri1 ea~naa~e ~ u GWit lite and/w Diasbility Inwrand ia not desired. • pan: Feb. 14~ ~1979 ~ sg~tUte ~ ~ ne l. eat er . siynstu.. ` ~ As s~writy fw th~ paym~nt of the Not~ tl~ MskK hK~by 9rsnts to tM 8~ .~w~~,; ~~u.., ~ fa~~,~~ ~ri: n Turtl e Reef Cond. I, r - - d ~nc ud~np MI incrts~es. titut , r laqm~nts. additio+~s and aooations ther~to snd in Na poce~C tMrw1 (henin~lter albd "Collata~l"1. This ~curity int~rat shall also ~cun ~ny othN iodWt~dnat a liability oi th~ Maker to tAe 8ank dinct or indinct, sb~oluu or tontinptnt, dw a to b~eom~ dw, rww ~x- istinp a MrMftv ~rqitg, intluding dl tututt advM~eM Or lo~ns by the Bank to the IWker. ; ~ TM 8ank is at=o yi~ a li~n and ~ acuriry inar~t in sll prop~r~y snd s~writirs ot th~ MakH, eqdors~r. wr~ty. qwr~nto~ or sccommodation paty of tha F ~ No~~ (IN.ansfta ntKr~d to n~ht "Oblipor~'i, now in or at ~ny time t~pf[~r oomi~g into d~ oontrol, cwcody or po~ssion of q?~ Bank, wM~Mr tw ~M ~x- ; P«swd purpos~ of b~inp u»d by tM Ba~k a Cof1aWN. or for sny oMer Pu?Po~. ~nd uPon ao1? bslanot w bslanow to tM aWit o1 any ~otounp, indud'ag ' uust ~nd a~ency accounts m~inain~d with ~M 8ank by any of tM Oblipors, and tM Oblqas aprN to dNiKr to tM B~+k ~dditionM CoIIiWN w mMc~ wd~ ~ payrt~MS in nductioe of thr printipal amount of tht IosA a sMll b~ qtaf~ctory to tAe Bank, in tM annt the aforem~ntion~d ColbterN ~hNl d~din~ in vatw ~ or becprn uM~tislaCtory to tM 8s~k. . E Additiorn to, r~duetioru or exchanpts of, or wbstitutiau for tM Co1la~eral. paym~na on sooou~t ot this loan or incrsp~s of th~ su~, a oth~r lo~ns m~ partislly or whplly upo~ She Cpllatp~l, rrNy Irom titn~ to time b~ rt~ witAout sffecti~g the provisioM of thit Not~. TM B~nk~hall ~xfrci~ rwonabb qr~ 'q~ the custody ~nd pnarvstion of tM Coll~taal to tlN ~xtt~t. nquihd by applicsble statuu; and thNl br dNrtwd to h~w ~xaciad rNSOnaW~ t~r~ it it qk~ wcA xtion fos tAsc purpow ~s NbIcM dwtl n~sor?~b1y ~puKt in w?itinp, but no onussion to do any an not r~qu~tad by M~kN d~Ml be dMm~d ~ f~ilun to ~~a.eip ~sason~W~ pn, ~nd no onxaion to eomply wiM any nqust of IN~lc~r ~hall of it~tt be d~em~d a tadun eo ~x~ciw ?~nombN an. 8ank ~11 not be bound to tak~ sny tqpt ~ry to pr~rv~ ~?y ripha in Na Coll:ual psiroc prior partiss and Mska shsll uk~ all n~asiary st~p for iueh pu:po~s. TM~Bank or ics nomir~e r~e1 not ao1NM int~rqt on, or s principN ot, ~ny Collata~l or 9iv~ u~y notice with rap~et to it. . - The Bank nry oontinw to hold any CollatKSl d~witrd hKwndK ah~r tM psym~nt of thi~ Nott, if st tM tinu of th~ Wym~nt and di~eharp~ h~rwf iny of tM p~rtiN Iiab~N tor th~ p~ym~et herwf ~ha11 b~ th~n diAeth o~ oontinp~ntly liablt to tM B~nk a Mslc~r. ~ndorNr. wr~tl?, pwrsnta or aooonwnod~tion Psnv ot ~ny othn rqt~, dratt, bill of ~xdwn~, or otlNr imt?un~nt, or otlNrwip, ~nd i1N BM~k m~y tMrpftN txKCi~ MI rpha with rpp~ct to s~id Co11an~N qrsnt~d h~rNn w~n tAo~gh this No~t tAMI hav~ bNn wnr~tl~t~d to. th~ IM~k~r. ' ~ If tM B~nk dNrtu it~lf inpeun w ~ipon tM M~pp~~irg of sny of the followin~ ~wnts, pch of which ~hsll cor~stitut~ a d~fault, N11i~bilitip oi ~~ch Mak~r to tne Bsnk, ineludinp tM ~ntir~ unp~id principN of thk Noa and seuu~d Inqrpt, la~ any. un~nW lnwac and any int~rp[ in ~xe~ of tM muciimem Nbrwd ~ by Iwv ~nd sm/ r~ta rpuN~d by law, dyU itrr~Ndi~t~ly or tMrs~fqr. ~t th~ option of t1N 8ank, ~xapt th~t tM oocurr~na of (c) a(d) ~h~il eswt automrt- ic sceN~rnioe: witAout notia a d~nand. b~oonrdu~ and p~yaWf: lal t!w /~i1un of any Oblipor to p~riam any obli~tion, li~bilit~r or d~im w tM 6anlc, to p~y ~ in~pt h~rwn within 10dsys aft~r it i~ dw, a ii tMp is no dw data, afqr it b bi1Nd a od~s~wi» r~qwsad or d~rt~~d~d, or to p~y any otM? li~bdity wh~t- ~ soevN to tM 8ank wfNn dut: (b) tM daM oi ~ny individuM ObRpor. d~e d"a~olution of anY O~nhiP Obiqa oi dN diaWution, m~rPrnr~wlid~tion wiM- ~ out tM 6ank'~ piar wrhan coniene of any eorporaa Oblpa: (el fM tili~q of ~ pnition in bM?krup~qr or tM adju~Cation oi inwfvww.y a b~nl~rup~r uM~r ~ any nory~rwsstion. ~rranotemnt, n~djwLnMnt of d~bt. d'arolutio~. Ifquid~tiori' or wnihr proa~dinp undv any FdKN ~w sbte st~tut~. by a a~i~ut ~nY ~ Obiga: (d) ~n appliption fa tl+~ ppolnamnt oE ~ npiwr fcK. a tM mNcinO of a p~rN ssipnn»nt for tM baMfit of enditas by. p~y Obtqor: l~l Mt M~try ~f ,~~•~+t w•~~•~w oaqo.: ~~f d~. ~.ua+o or a~w anaenn~~ «~~+~t,o. a~. fa~~ ot aw u«+, ~e:~w aaa•m? oi.~r oa~: t4~ ti+. ak~a ~ posseaion of any wba~ntiN P+n ~ tM propKty of any Oblpor at th~ inst~na of an~ oov~r~Mntal authoriry: (h) th~ d~t~rmiMtion by tM tank thst ~ nra?a # s1 adwrt~ chatqr ha~ oecun~0 ie tM finmcW apnditioi~ ot any pbliOpr from tM Ca~ditioru ut forth ia 1M mat r~oMt fin~ncial sq»rMnt of wKh OWip~ ~ tkr~eoton furniMMd to th~ 8ank, a irom tM eondfNon af ~ueh Ob1 ar hKttofon euoa ~ i~o? nantly dirdoNd to tM Bsnlc. a.tM[ ~ wrrsnri. nP?M~nat~a4 ce.~ifiau a sat~nMt of any Obliqor 1wMthn oont~rnd in tha Non or not) OKta+ninY w or in oo~etioo wid~ tht~ Noa a tM Ian ~ridM~d bY da~ NoM ~ conai~s an u~nru~ a.anrn~ ot nrtKid iaa a oniia w mie mnaiM f~ ~Y in adn to m~k~ tM sanm~+u m~di not miN»diey; a. Ul cM ~i~ rne~t by any IYt~ku of sny puity in my of tht ColbqrN.witheut tM prior writqn oonNnt of tA~ 6aek. TM BMk d~aN hM. but dyll not b~ Iimit~0 to.11N folbwi~g ~ht~. ~ ot whiCb eaY b~ ~Meiud at ~nY tinM wiNth~r or not thit No1t i~ dw: lil w M~di~ ot trNrtM fhii Noa stld tIN Co11atKN and tM 8ank ~IHII dwr~i~i0n 1'~e rNMir~d ot dl dutiM Md tapomibilitip hNM~M~r Md ~NNwd trOm M~Y and afl I+abiliey with rop~.K to ~ny Colwbnl a pNd~d or tr~rid, and ~nY Pwd~w or tran~f~ M~MI for dt purpo~ swid in th~ plaw of d» 0~ h~rw~drr and ~ hsw Nt tM rphn o1 tM 8rnk hr?~undK: (i11 to tnat~r tM wAob or any part ot tM Collaaral into tM n~ nf itMtt o? itt (iii) to w» tM CoiMarM; ~ Iiv) to notify tiw Oblipon of sny ColNard to nM1c~ p~yman to tM B~nk of any anwunt~ du~ W~~ b~ooirw due tMrron: (v) m d~nw~d: ~w fa. oo~Net, o~ N~ as u`~`se~ e~"`re n means u~r~'e~'R e~~ssoc~a~es ;`~`n~.°"an~~r°O~~s a'ss gi°~n° s'~` °f ~ , _ . ~ , - - + ~ NOTIC~: SEE OTHER S10E FOR IMPORTAN~ If~ORMAf10N ! F4s ~ss aw. ~n~ R 7 ~ g~ ~ ~ ~ , ~ ~ ~ 4: .nx~ _ . ~ ~ _ .