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, . , . ~ INSTALLMENT PROMISSORY NOTE '
~ TURTLE RfEF ASSOCIATES, INC. * ~N R,o.~ = 6,950.00
NK NAME ' _ te~ r« c~.d+~ none t. ~
Jensen Beach, Florida 33457 ~t'~0~~n" _
s~~ none
. (c) ooeunynta.~? sc.m~p~ :
oF ~c A . ~o~ oa+.~ a~a•~ ~+~•~+~u•~ s none
~E~ = none
n,oT~ No. a?Tea: APril 18 .19 79. ~F~ s none
Y~v 89 ((3) Amount Finan~~d 6.950.04
1 , 19^._. IA, B. C. D. E. F) i
DUE:
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PLACE: . FLORIDJI (l) Cr~dit I~tipuion
~n aM. s
Fo~ w1w r~ceiwd. t~ undanipn~d (hK~indar p1Nd "Ma1cK") jointly ~nd sw~ally (it (K) ;
mor~ [h~n on~! pwnis~ to pall tp tM adK of tM 8~nlc. st ia oltip Iisqd abov~, th~ Topl
of Psym~ntt ((rOp? (N) at ripAt) 01 ~11.967. ~ poliKf paYibl~ irt 12a _
IM! FINANC~ CHAROE
evua~ montti~y ~~ts~~m~nn ot s 9• cM fint (H. 1, J. K. u = 4 245.6~
?nsullm~nc du~ oe J!!11@ , 19_. snd wb~pw~t i~ataflm~na dw on ,
lN) ToW oi Paym~nti (G + M! i
tM_„~~y ot ~ed~wi+th tMnsftKLto~etMr wiM a FINAL BAL~.OON PAYMENT OF: /VIjNUAL PERCENTAQE RATE 1• ~ -
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Th~ qank shall in~os~ s dNinqwnCy cMr~ s~inst d~e INilc~r oe u~Y pwm~nt whkA Iw b~oorn~. dut ~nd nn»iro M dNwlt for ~ p~riod in ~zpa of 10
dsys in an amount ~qual io 57i of [f~ amount of tM Wineipal pat of tM p~ym~nt in d~iwit. In tlN ~t thae eM Not~ is not p~id ie iull ~t m~tu?ity. a11 p~y-
me~is, wh~tMr pir~ipsl, intt~at ot othKwit~, shdl bwr int~st at tM maximum IpN nte albw~d u~ tM Iwa of tM Squ ot Flaid~. All paynNnb msde .
hereundK shatl b~ ueditod first to iettKat snd tMe to principd, howewr, in tM ~v~nt o/ d~isutt, th~ 8aedc rtW, in iq toN dixntion, appb ~ny p~ynitnt to
~n~e~est, principsl snd/a Iswfu~ clwy~s th~n acau~d. It is tM intentio~ of thi parti~s hento tMt ela provi~ian Mnin shslt not prarid~ dinctly a indinetly
fo. tM psyment of ~ yrptK nu of intKat or tM retention ot My otMr ch~rp~ th~+ a slbw~d by I~w. li~ for any raton, inter~st ie ~xpM of wch IpN nq or
a chs.y~ proAibit~d bY Isw sMdl at ~ny tim~ b~ psid, any sueh ~xoass shMl sitMr ~nstitut~ ~ne! be tre~t~d M a WNm~nt on tM p~intiptl or 6~ nfund~d d'a~cdy
to the M~Ic~?. ~
The M~IcK m~y prepat/ th~ ~ntin~u~id bil~na of tl+~ to~n ~t any tim~. If the loan b pnpsid in full, ~caelast~d w rtlirnne~d, tM NMk~r shsll r
re(und ol tht u~MarnKl portion oi tM intarttt and inwrsnte pre~e?iun~ ca~uqd bV tM Ruk ot 78's m~thod, expp~ dae tM Bsnk shNl ~~nei~Nd to r~
a minimum i~prest eMrq~ ot f 6.00. "
CREOIT IIFE AND CREOIT LiFE A DISABILITY INSURANCE ARE VOIUNTAiiY AND NOT RE~UIREO FOR CREDIT. Suth iiqursnp towrap~ is
availabl~ at tfM oost daiynstcd below fa the~ttrm ol the cr~dit: (s) t fw G~dit Lite Inwr~na (b) t
for G~dit Lif~ ~ Dis~bility I~ursnte: •
Check ? G~dit li(t I~uurance is dssir~d o~ tM lite of
App1. , BKthdat~ ~
~ox ? Gedit Lite 8r Disability tnwrance it desind o~
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~ ~ Cndit Lite and/or Oisabilisy InsuranCe is not desired. ~ -
~te_ AQri t 19, 1979 s;~~„«
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, Siynatu.e " *
As Mcutity fOr 1M psllment Ot the Not~ th~ M~ksr her~by 9raott to tht Ban • secunty ~nttrqt in the fd inp pr In Tart~e Reef Cond. 1!
r~~r~~i 1n 0_R. Book_263.'Qaae 20022 Unit Neeks 30 and 31 i Con~~ , p. o. - as
~e„scri t~d i n e_a i d m~rtaaae _ ~
~ ~ncludmp s~f inuMSet, wbstitutioeK. nplscsnxnu. ~dditions snd socessions_ thereto and io the prooeads thtreot (hK:inaftt? q11W "CollaMral"1. This s~CUriq
j ~nter~st sfiMl alfo s~CUr~ any otMr indebt~dtMSf or li~bility ot tht Nlsker to the Bank direCt w it~dir~Ct, sbsolun or wntirq~nt, dw a co baomt dw, now tx-
f ~scinp or Mreait~r aisirg. including ill tuturo sdvsnc~s or losns by tAe Bank to N+e Msker. "
~ TM Bank ia abo yivM ~ lun snd a f~curity intenst in all prop~rty and stturicies of tM ~e~. eodor~sr, wncy. 9wranta o? xtomnwdstioe party of thn
~ No~~ (hu~irwftK rNar~d to ss clr "Obli9on''~. now io or n snY ~ime herafc~r Comi~g into tbt contrpl, pucody or poss~ssion ot ~h~ Bsnf~, wM[M. for cM ex-
p.ess~d Durpoa of b~iop used by dM Bs~k ss Cotba?al, w for ~n1/ od~ PurPose, and upon a~w bsla~a or bstsna~ to th~ a~dit of aey ~oeounts, ineludinY {
~ trufl ifld ptncy secounts nrintsinrd withtM Bsnk by uiy of the OWiyon, and ehe Oblipors a~r~ to dNiva to tM B~?k sdditio~M Collaaql a m~ic~ ~uch ~
~ paymentt in nduction oi tM principsl ~mount of the losn ss sAall b~ satisfsctory to the B~nk, in tMe ~wnt the afor~ntioeed Collsnnl ~hall d~din~ in wlw ~
or becp~r~e uMitiffattMl? t0 tM BMk. .
Additiom to, r~ductio~u d lxchsnpea ot, or wtKtitutiaq for tM Collstasl, psyments on sccount of this losn or ina~ts of tM s~rtN, w otAK loins mad~ ~
partiNW or wholN upon tM ColwtaN, msy ~rom timt to dme be rt?~d~ without affectiny tfie prwisions of this Not~. Ta Bsnk shNl ezercif~ r~o~abN Cs~~ in
~he custody ~nd pra~nrstion of tM Coll~teral to t!h ~xttnt ~equired by applicsWe ststut~, and sh~ll be dNrtNd to hsv~ ~xacis~d r~ponsbl~ can N it tak~a wM
3C1iOH ~01 [~I~t pl/fpOq at M~klf f1fa~1 flifOfllb~y f~Q{/pt 111 VIRItI/19, bllt f10 0f111Kf1Of1 t0 d0 afly ~Ct flOt f~QY!{Ud by M~fM f~1~11 bf dM~fMd a 1~I~YI~ t0 ~7tMt~!! ~
rea~on~bl~ cm, and np pirtittipn to oompty wilfi ~ny ~puett oi Msk~? fhsll of itsdf be dsemed ~ feilure to txKCist ns;o~abl~ ure. B~nk shall not be bound co
take sny stp~ n~uasry to pr~rw any tiy~ts in tM CollsisrN syaiMt prior psrties snd Maker ~hsll Wct all n~oessuy stpr ta wch purpoies. TM Bank or its ~
nomin» nead not coll~ct innrat on, a s pr+ncipd o1, ~ny Colbtaal or yiw any notin•with rhp~ct to it. - - - ~
TM Bank m~y continu~ to hold any Colbt~rM drpoat~d Mrwnda atte~ th~ paym~nt of this Noa, i! st the time ot tM payrrrni and ded~rp~ Mreof any of ~
th~ parti~t lisbl~ tor tM p~ymrnt INnof ~Ifall b~ tMn dinttly w oontinqentty liable to tM B~nk as Mtk~r, endorstr, wrtty,.qusnntor or aooommodstia? party i
of p?y othp not~, d?sit, bi11 d~xdssn~e, w othM in~trumN+t, or otMrwis~, snd Me B~nk m~y tMraft~r exaea~ sll ripAa wiM •apact to said Collat~.s1 p
granad h~rein ~v~n tAa~ph tha Not~ 1AN1 haw bM wnN+d~tred to tM NbkK. • J
It tlN 8ank d~tna itqH irq~cun a upon tM hipp~nirq of srry of ths tollovrinp ~vtnts, ~sd~ of wl~ieh shsll torotitut~ s d~fault, all liabiliti~s oi ~seA libk~r to ;
the Bank, includinp tM ~ntin unp~id principsl of this No» and ~ocrwd in»rat, lea any unwrrnd inar~tt snd any innr~tt in ~xp~t of tM msxwrwm ~Ilow~d
by Isw and any nbstp rpuird by law, daU in~disMy w tMrtaftK, st d~e option of th~ Bank. ~xapt dut tIN oocurr~t ot (e) a(d) tMll cauN automst- i
K scoeMwtioe:witlaut notia ord~entnd. b~oorTMdu~ and psyaMr. (al th~ fsilur~ ot sny Oblipor to pKiorm ~nY obli~tian. ~i~bility a dain~ to tM ~nk, to p~y ~
interest I~aon within ~Odtys ~ftM it is dtM, or H eMn is no dw dsa, atq. it is bilMd o~ od~rir nquutsd or dana~ded, or to p~y sny otM~ li~bility whse- f
~ soevK _to tM 8ank wh~n dw: (b1 tM dqth of Mry individud abliya. tM d'a~olution ot ~ny psru~a~hip Oblipor or tM.diaotutioe. nMrp~r or oonalid~tion wich- ~
out tM B~nk's prip wtittM consrnt o1 ary Corporat~ Oblipor; (cl tfN filirp oi ~ p~tition in bankrup~cy or dN adju~ldtion oi in~ohNncy or bsnkrup~Cy unda
~ any rwr~niution, uneqarnnt, n~djwtm~nt of d~M. d'atolution, liquidnion w similu praaMirq undK snY P~s~ or stab sutuu, by or s~i~t i
Oblpor; (d) an applintion tp tM appointnMnt qt a netivrr tor, or tM m~kirq of a p~n~ral ~ni~nm~nt fo~ tM b~rnfit of cnditas by, snY Oblqa; td tM ~ntry
~ o~ w~~+t ~u~ ~Y Oblioor: Ifl tM iauinp Of ~n1? ~ttaehmMt d arrni~nt, or Mt f i1inQ of arry li~n, ap~i~ut a~11 P~oPMY ol any Oblpor: (91 th~ lakino of
vosseuioi+ of any wbsunwl o~ of cM PrapatY ot any Ob1qa a cM irouna of an~ yo+rKnir~+ul authaity: lh) cM d.cKmi~.cion bv n~.BMMc e~ a nw~ui.
~ ai adwr~e el+s~q~ hK oceurr~d in th~ financaf oa~ditian of snlr Oblga from tM cadition~ a~t fo?M in tM most neMt tiMncial ~tat~rtNnt of w~d~ Ob1pa I
~ he~~[otor~ fumi~d to tM B~nk, or from t1u eondition of weh Ob~qor as Mncotore most r~nncl~r di~da~d co ~he Bank, a ths~ ~ny warra+tv, r~pra~na~ion,
cerufiesn a sat~t of ~ny Oblip? lwMth~r oontain~d in this Noa w rwt) p~rbi~inq to a ie ooneretion wiM tl?Is Noa a ch~ lan ~vieNead by tha Noa
c~aieu ~n uetrw stat~rtMnt of ry~pri~t i~et or omiq to =qte nrteriN fact n~c~p~y in ad~? to irnk~ th~ stat~nwnts m~ not midNdirp; w, (i) tM a~+-
ment by any IM~kar of sny puity in M~y o! tM CotlatKal without dN prioc ~rittln ConM~t of tIN B~nk_
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Th~ Bsnk d~tll hw~, but tl~ll eot b~ limit~d to, eh~ followinp ~iONq, qd~ of whieh may b~ ~~urciad ~t any tin» wMtMr w not this NdM h dut: (i) to ~
P~~ a tnntf~t tha Non and d~ CollatKSl snd 1M B~nlc ~8 tMr~aPOe M rNi~we! of ~II dutiN and n~ponsieilitiN Mrwr~r ~nd rNi~wd har~ arW and at1
Iiability witb rMp~et to any Co11atNN so pl~d~d or iran~hrrad, and any pl~dp~~ or tnrNiNN ~hMl tor all purpw~s st~nd in tlN pl~o~ d dN BM~k I~wndM and
havr dl th~ ripNa ot th~ Bank Iwrwnda; (fi) to tnn~fa tM whole or any prt of th~ Col{atKal inco tM nams of iwlf or ia nomin»; (iii) to vol~ tM Collsaral:
tivl to notity ths Oblipon of ~ny Co11~ms1 to m~lc~ psyma~t to tA~ ~ank ot any Mnounp dw a m b~ean~ du~. tMnon; tr) to d~nwid, su~ fof, eoUrct, a
msk..~w ~ p? ~ta«n~ni {t ~i+.a. with ttf.. to a~ r,~O+~i..~i:.~+ jvi~ eo `1 C` an0/or001 Ls °as~s'1(~n«.s.a~ of ca~.
'~K as used ereln means rur~e ReeT ssoc aLes, n,
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NOTICE: 8EE OTHER SIDE FOA IMPORTANt I~ORM/r110N ~ _t • ~
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F85 752 Rfv 7/77 ~QOK ~ r
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