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` INSTALLMENT PROMI8SORY N~TE -
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TURTI.E REEF ASSOCIATES, INC. * ~ ~ ~i,~.o~~?.s = ~F~°~
N,~ w~?«~aw~ b• a«~+~ none
Jensen Be~ch, Flor~de 33457 ur.roa~w~nv s
ia oow~+«+t.n? aamo• _ , none ,
~ to~ oa~.~ cti.ro.• ~i~.~ : none
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NOTE NO. OATEO: J~n 30 ,~~9 , = none
OUE: 16 , 1889 fW Amow~t Fin~~qd 8.38~.~Q
' fA, d, C. O. E, il =
(H) IntwNt = ~
PIACE: . fLOR1pA (1) Cndit Irwutip~tion
Fw wiw naiv~d. tM undKtqMd lMnln~fqr qtNd "INaker") jointh? and ~vaall~r (i1 (J) OtMr t
rtwr~ [h~n oM) Womia to psy to tM adM of 1M Banlc. at ia ofiio~ li~qd abov~. !M TotN (KI
13,295.00 ~ 120 ~u s
ol Paynrna (lrom (N) at rqht) 01 ~ DoIIKt pwabl~ in
«tuN nwnthb instN~m~na ot i 110.80 ' , tM isnt tM) FINANCE CHARGE
~ March 16 9 ~H. K. ~l i 4, 912.00
, tY~. and ~Owet inttNlm~na dw on (N) 7oW ot ?~YnMnb (G t IN) _~~,aQQ,.._ .
tM_~Yawr oi~~wnth tAKpft~pi~oa.ena wi~n a Fi~u?~
s~~~ooN
P~rM~uT
oF: ~NUAL PERCENTAOE RATE tl,:,.,~,~~~
i OUE .19~ -
TM 6~n1c ~hsll irtipow a dNi~Y diar~ pN~a eM Mi~k~r on aM? PWrt»nt whieh Ms b~oant d~M and r~nrim in dNwit for a OKiod in ~xa~t of 10 ,
dsy~ in ~n amouni qud to 5~fi of ths ~enount of tM p?i~eipal prt ot th~ p~1?m~nt i~ dNwit. In dN ~nt th~t tM Noq b nat p~id in full ~t emiwit~r. aN p~/• .
m~na, wh~Ma principai. intKat or otMrwiM. q~Ml bw innrat n tM mucimum Ipd raa ~bw~d undK tM Iww of tM Staet of Flwid~. AII p~ym~n~s n~MM
M?wndK ~MII p~ ehditW fint to intKett and thM to prioeipM. how~Nr, in 1M ~vM?t ot d~tault, tM Bank mry, iif itt ~ol~ distr~tion. apply Mfy~p~yrnNlt !o
inarat. pri~cipM ~nd/a I~wiul ehsrpK tMn ~oawd. It ic d» int~ntbn of the p~?tiK h~nto dqt tM prariiiona Mnin fh~tl not provid~ dk~edy a iedinrtly
to? cM paymK+t of ~~rpca nt~ of ie+t~r~t w th~ nt~ntion of am? otMr ehry~ thsn is albw~d by I~w. ll, ior ~ny ~~on, intaqt in ~xoa~ of fueA Ip~1 ~ pr
P~ohibiUd bN Iaw ~hNl ~t aay tin~e b~ Wid. ~nY w~ ~xpM fhdl ~iU+a cantitu~ snd b~ traUd ~t ~ psym~nt on tht PrineipN or b~ nfund~d dkretly
to tM M~Ic~r. ~
Th~ MdcN nry pr~psy tM a~tin unp~id bsl~+o~ of tM ben ~t any twn~. If tM lo~n is pnpaid in full. ~Naad or rNin~ne~d. tM INNw rhall ndiq •
reiwid of th~ unpwMd ponion of tM int~r~st snd inw~a~a pr~n?iumt eariput~d by th~ Ruq of 78's nMthod, ~xppt Mat tM 8snk thMl b~ MtitNd to ntain
a mininwm int~nst d+u0~ of ~.00. .
;;CREOIT IIFE AND CREDIT UFE ~ DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CRE~IT. Sueh imur~nottovNa~i~
aviibDb st th~ cat d~si0nsbd below ta tM u?m of th~ eredit: l~l s for (~radit lii~ Irou~snq (b) _
tor Cndit t.~hi.~iqbitity IMUrsnq: .
Ch~ck ? G~dit Lit~ Inwnna if daind on iM tif~ of
Appl. ~ Birthdab
Box ? CrMit Lif~ d Difability Insursnq is dyind on "
~y Birt~dst~ "
L~ Ct~dit life and/W ~iability Infursnq is ~ot d~sired. .
o~n: / D~ ~9 ,~E~~ ~
r ,
_ . i . . i Rcbert Gr.ant _ . ~
- . Sig~cu.~ ~
As qwrity fp tM paymMt ot tM Not~ th~ Msku MrM~i yrants to tFa 8ank s Mcwity inttnst in tM (ollowi!wpsop~tty:~~_t~
Cond. 1. r~cordQd in O.x. Book 263, Paga 2002... Unit Week~ 3~136 in Cond. ~9~Apt.
~o: ~3 a~ escr n s ~ortgage. _
~ncludinp NI ineraat. s~ttitutiora, r~plso~nri, additiont snd sooKSiorn t1+K~to and in tM p~oa~ MK~ot (Mnindqr pll~d "CollaurN'Y:
Thit aeurity.
~ int~ntt thdl ~bo peurt any otMr ind~bade~M o? liability ot thi Mika to th~ Bank dirxt or iodintt, a6~olut~ or eontinp~nt, dW a to b~cortN dw, now ~x•
~ istiny or AKidt~t Kifinp, intludiny NI futur~ adwnoN or IOM~s by tM Bafk to tM Msktr.
; TM 8aek it abo oiwn . Ii~n and s aeurit~r intKat in ail Orap~rh? snd s~writas ot tM 6AMcK. ~ndorr~, wntY. 9uManto. « acea~rnodnion w?tY of tha
nwi• (ha~insfta ~dand to as ths "Obliporj•1, now 1n a n any Hme hKwrur oomi~q into tM aomra, aacody « pow~ion ot cM B~nlc, vNwcMr t« ~M nc-
~ P?~a~d O~~P~ ~~~^YAMd by tM 8ank s~ Co11atKN. a fa ae1/ otM? O~~POa. snd i+Do~ ~MI bNana or bNarxat to th~ a~dit of siM? ~oeountt, indudin0
f c.un and a~ney ~eea~~u m~inqin~d withthe 8ank by sny ot th~ ObliOon. snd th~ Obliqon prM to dNhhr to tM Mnk additio~N Collaa.M a+mk~ weh
piyrrrnri in r~ductiort of tM prineipal amo~~nt of dN lo~n M flf~ll b~ ptisfsCtory to tM Bank, in tfN Mnt tM dorMrntioMd CoI1~tKM ~hsll d~din~ i~ vNw
w b~conM unatitfacto?Y to tM Bank. -
Additiom to. r~duetion: or txohan~s oi, or wbaitutiau (o? th~ Co11atKN, psym/na on ~ooount of tAis 1wn or inapMS o~ cM prtM, or ~ha Io~nt m~
psrtatly or wlwqy upon tM CollaarM, nry tran tinN to tinN b~ mad~ without sfisctinp th~ provisio~s of Ma Nou. Th~ 8rnk sl?all ~~ciM n~ion~bb prt a+
tM cwtody and pr~wtion of tM Coil~tlr~l t0 tIN ~xtMt rpuind by applicaWe ststut~. ~nd dwll M dNrtMd to haw ~x~rciad r~bN pn if k qkh wd~ .
sction ta th~t pwpoN u IIA~k~r dall n~IOntbly r~qupt ie vKitaq, bu[no omitsion to do any sct not nqwtt~d by IM~IcK ~hdl b~ dMin~d ~ IWun w ~x~rciN
rWSOrwpl~ p~, snd no omiaien to eompl~ witb ~ny r~quat ot ~Yk~r ~hall oi iudf bt d~m~d a tailun w~n~rci~ »aoo~bN cua. BN+k ~hM1 not be Daind eo
tak~ ~ny ttps rwchMry to pr~v~ airy riphtt in tfN Co1lat~rM apsimt Wia psrtia and Mak~r ~hMl tsk~ all rnoMSUy stp~ for weh purpo~s. TM B~nk w itf
nominN nMd not oolhet Int~rMt on. a ~ P?ineipN oi, anY Coltaa~sl a Riw ~nl? not~a with raP~a to it. ,
TM 6a~k m~y eontinw to hold any Collswal d~po~ibd hMwnda shec th~ p~ymw~t ot this Noa, if at tM tinr M tM psym+nt ~nd Oad~arp~ M.wf any ot
tM PMtIM IiabN fOr dN WYrtrtlt hM~Of lhdl b~ tA~n dineth? or ooetirq~nqy IisbN to tM Bank a~ ~A~ktr. ~ndon~?, wntY. Wrantor or a0eomnod~tion DKtY .
of ~ny otha noq, drdt, biN ol ~xdwp~, or_ o11N? in~trunNnt, or odwrwil~, u?d dr Bank rtry d+~h~r ~x~reiN sll ri0hp with rNp~et to t~id Collat~rd
9rsnt~ lw~in wa~ tAagl~ tAis Noa ~MN 1~ b~N~ rwnndnrd to tIN IN~kN. -
If th~ 8ank dNnM inNf imreun w upon th~ h~p~p~nfn0 of a~Mr ot th~ foUowinp ~wna, q~ af which shNl oon~ituq a dNwlt. Ml liabilhia M pcA Mhk~ to
the 8ank. ineludjrp th~ ~ntin unp~id prineipN of thi~ Noq and ~ocrwd int~r~t. lar any unwnwd inar~t and any int~rat M uca~t oi tl+~ m~xinMMn ~Ibw~d
by Iwv ~nd any nb~ta rpuir~d bY law. rhNl irt~qly or tMrpfqr. ~t tM aOtion of the Br~k. ~xaqt that tM oxurnna o! Ie) or (d) thaN taw~ ~utoin~t-
ic aoalN~tion: witMout notiq ot d~nwd, b~oonM dW rnd PrYabN: th~ failun of aMr Ob11o0r to P~orn1 ~n1? obliMtion. li~bility or d~im to tha dM~lt, to prll
int~nst AM~orr within 1~dsyt dtM it i~ dw. Or N tMtr it no dw dtt~, ~ftM it i~ bilNd or otMrwiM nqu~t~d or dNrwnd~d, Or to WY M~Y otMr IW~ility wh~t-
~ swva to th~ 8~nic wMe~ tb) th~ dad~ M a~W individu~l OWiOor. tM di~olution of anY o~ru~uit+iP abtiqo~ a tM diaolution. m~ry~r a oonwlfdrtion wiel~
~ out th~ B~nk'f 0~~? writt~n oo~nt M~nY eaPonet Obli~w: k) t!N tilirq oi ~ p~titlon in br+lauptcy w tlw adiudiwtion oi imolw~W or bMtkruptey w~OM
s~y r~or~niration, arr~nt. rMdjustnNnt of d~M. di~olution. liquidttion a tinilar P~o~lirq unda ~n~? F~M or tqt~ st~tut~, bY or a~inrt MW ~
~ Obigw: fd) an +DiMiatlon for tlw +pPO~ntnwnt of ~ nah~? !a. a~ nrklnq ot a~a~M a~ipiw~~tt for tlN b«»th of cnditat bY. «M? Oblipr: (d t1N ~nub
~ o~ ludpn~t p~im[ a~ti OWiqor, (t) t!N hwieq W~ny ~ttadurynt w y~rni~MrMnt, w tM fNirq ot aey lirn, ap~imt an~? o~~v ot ~t? Ob~~Yor (f) ~~~M o1
ooswuion o1 ~ny ~btt~tial DKt of tM v~ooK~1? oi ~ny Oblioa at th~ inqana of any ~rnnNntal wd~o?ity: (h) tbe d~qnniention b~r eM Mnk tl~a ~ nrMrh ~
; a1 sdwrsi d~g~ !w ooWrr~d in t1N firnneW eo~dition of any Oblgor frpm ~ tooditiont Nt fpth in th~ mat npnt finaneiM ttp~nt M Mid~ Ob1ip? ~
~ h4neofon fumWwd to tht 8~nk, a irom tM ea~tion M weh Oblioor a~ I~~tofore natt no~ntly di~dowd to th~ 8~nk, or tlwe anr vwraettl. ~
cacificau w aae~n»nt oi ~ny Obliqor (wA~eh~r oonqin~d in Mi~ Noa a not) oKtainieo to a in apnrrctbn with thit Noa or Me ~a~n ~rieM~ae bt? tAit Noa
conuim sn umrw sqt~nwnt of mataiN f~ot a aNa to ~at~ n~qrial laet ~ aeM? w nyk~ th~~st~t~nMnu n~ not mi~di~; a. (i) eM wiNr ,
mrnt b1? an1? ~Ask~r of airl? ~quftb ~~1? el tlM CoN~eKal wid~out dM Prior w~itt~n CoewM o( t!w 8r+k. ~ ~
TM B~nk M~Mi h~r~, but thdi not b~ limtt~d to. tlw tdlowiep ~ivhty peh of whieh n~r b~ un?eiq0 a~'~y tkry,_yrAidMr a not thb NoM i~ dw: (i) to ,i
p~~ o? trarhr thit Noa and th~ Co11~N ~nd t!N YM~It fAMI tNMMyon M ntNwd ol MI dutiM and n~ tNrwndK ana rNirwd froin an~r ~nd MI .
~iabukY wiM n~p~at co aiM? Colht~rN a pNd~d a van~f«nd, and an1? pMd~ w tran~f~ rhMl ta dl pNPo~it~nd in tM pba d th~ Mnlc h«~wMw ~nd
hsw M eM ri/hts ot tM B~nlc 1+wwndp: tiil to tnMiK eM wfwb w~nv V~ of tM Cop~d inw th~ rwr~ d ie»H or itt non~ie~: fiii) to ibM eM Co1bwM:
1'w) to notih? tM Obtioon d aM? CoWta~l to mNc~ P~Y~t to 1M B~n1c ot sir~? anwu~a dw or to.Meam du~ MMnon: (v) to 4n~t~. ;dw fa. oo~ei. a i
mdc~ .nv Rr »nNnMnt whh eo eM wN: v1) to o~ of of Co1WrrM.
`~~'~NK as use~ ~er~e~n m~eans u~r~e Ree~ssoc~a~es, `~`n~°Nan~~rOO~~s as'"~s~i`"~°tY ~
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NOTICE: sEE OTHER 810E fQR IMPORTANT INFORMATION . ;
FSS 7St A~r. ~n~ ~r~ f ' ~
BOC!c ~~ilG PAGE ~ ~ , '
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