HomeMy WebLinkAbout0096 . . , - ~
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' I~ISTALLMENT PROMISSORY NqTE ~ , ~ ,
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~ TURTIE REEF ASSOCIATES, INC. t/?! /?~oum a.c.~wd s 87~0,~,
a?HK NAMa is~ r.«~,~;
ra c~.a~~ none
- Jensen Beach, Florlda 33457 uhia.~~i~ i^.. s
ic~ ooa,~t.~? sc.~w~ : none
oF ~c n a to1 O~ Chs~~a tinmud i none
none
nioT~ No: oATeo: April 12, .19 79 . = none
~ - Apr11 26 89 ~G) Amount Fi~e 87?30.00
DUE: - . t9_,;,_. lA. 8. C. E. FI =
IHI IntKat i~'~`
PLACE: . FLORIDA (1) GMtit Invati~tion :
IJ) Ot1+K i
Fo. wiw r~qiwd. tM ue~rsipnsd (l+~nindt~? ca1Nd "Ma1cK"1 iantly snd swaslly lit
e
ma~ tlrn on~) pranis~ w p~y to 0,~r of tM~n~c st ia oHip lat~d ~ove. tMi t~ (KI
o, P.,,nw,o u.an ~N?..t ~qni? o~ 15 a33. 6U ' oa~.n wn•w. ~n 1gLU - w : `
~ ~~U~~~~ • . IMl FINANCE CHARtiE 6303.60
(H, 1. J. K. L) . t
~nswll 1 dw on . 19 ~ . aid wbN4~t insqllmN+ts dw on (N) Totel of P~11mMa ((3 + Ml S ~
~M ~ of ~acA~wnth tM.~sfte.ito~d±K w_M: FINAI BALLOON PAYMENT OF: ANNUAI. PERCENTAOE RATE ~ %
na?~ •
s oue : ~9:~.
Th~ 8snk sAa11 impos~ a dNi~qwncy ehary~ sp~inst tM IN~lur on sny psym~ne which h~s b~oon» du~ and nmsira io defauli fa rpKiod in ~xo~ M 10
dsys in an smowm puM to b% of tM ~mount of EM p~iecipN part o~ th~ p~ym~nt in d~fsutt. In tM w~nt tMt th~ Nob is not p~id in full •~turity. all pay
menn, wMther prineipai, intt~t or oths~wis~, Mait b~ inqrest at tM mazimum IpN rau NbNwd und~r tM Isw~ ot tM Stau of Fbritl~.~1 p~ym~nts m~dt
ha~undtr shNl be cndiad fint to intKat-and t1~? to principsl, how~v~r, in tM w~nt of dNault, tlu Bsnk m~y, in in toN discretion, appi~l sny paymaet to -
~nterest. printipal snd/or tawfu~ charpss tf~n soCrwd. It is tM intenticzn of ths parties hsreto M~t tM provisio~s hersin thsll not provid~ dinctly or indinctly
~a tM piym~nt of s yrester a~e ot intsrat w tM ~tentia? of sny otMr cMrge thsn is albwed by Isw. It, to? ~ny r~uon, intenst in ~apa oi iuch NpM at~ o~
a charpe rxohibiud by Isw shNl at sml tirn~ b~ paid, any wch ~xaa shall eitMr constituu and bt mabd a s paym~nt on tM p.incipal w b~ ilfur~! dk~cth
to tM Mtke~. - .
The Maktr m~y prpay tM ~ntin ur~p~id bslartq of th~ losn st sny time. li ih~ loan is prp~id in full, aocfN?atd a rdinanqd. tht 1M~k~r q~sll r~piw a
retund of -the un~srrnd portion oi the int~nst and inwranp premiums eon~uted by tMe Rul~ of 78's rn~thod, exoept Mst tM 8ank ~hNl bt tntitNd to rtuin
a minimum inte~est chupe of f('f.00. ,
- CREOIT LIFE AND CREDIT LIFE ~ OISA81lITY INSURANCE ARE VOL-UNTARY AND NOT RE~UIiiEO FOR CREOIT. Such inwrs~ce eownpe is
avsi~sble st ch~ cest d~sipnated bNow tor th~ term of the a~dit: (s) s fa G~dit Life Inw.u~ce (b) S
tor G~dit Lif~ 8 ~is~bility Inturar~: .
CAetlc ? G~dit Lif~ Itaunnce is desind on th~ life ot
App1_ 9irtNdat~
Box ? Gedit life de ~issbility Inwnnce is daind oo .
- Birthdate
~ Gedit Lite and/o~ Disability Inwrante is not desired.
oa~e: Apl~'11 12 s 1974 Sgnawre "
~ o reen
~ si~nscure ~
As s~curity lor the payment ot th~ Note th~ Mske. her 4rants m c nk a rity ' c in t ( i a i n Turtl e Reef
Cond. I Record~d on 0.~. Baok ~~3, ~a a~~. l!n~~ ~ee~cs an n~
Con .-D-1, pt. No. , as escr n sa ~nor gage. ~
~rxludinp all inuNtef. wbstitutioes, nplatements. sdditions ~nd aeassionc ther~to and in tM proceldt tNlrlof (hlrtinaftlr caI1W ..Collaferal"1. TAis tkuriq
' mterest shslt stso sscurs any otAK indebndne~ or iiabiiity ot the Mska~ to the 8ank dirsct w indirect, absdun or contirq~nt, due a to h~cortN dw, now ~x- ~
~ ~st~ny o. Aerw~u. ~rising, intludinq all tutute rdvsnC~s o? loans by tht Bank to the IN~ker,
~ Tht Bank it a~so ~iwn,a lip~ snd s s~curity intenst in stl property snd securities o/ ehe I~ker, endorw, wnty. yusrantw or aceomnwdation ~arty of thK i
Nott (Mninsiter nlernd to as tht "Oblqws"), now in or st any tim~ Mrpfter ooming into the contrd, custody or poss~ssion of th~.Bsnk, wMtMr for tAe tx-
~ P~esf~d purpO~ 01 beinp us~d by tM Bsnk ss CO{IaLNSI. Or for any Oth~ P~~Post, snd u~wn any balant~ or bslsnt~s tp tM uedit ot sny ~otountt. indudinp
f trust ifld ~'Q~
~ ap~ncy aoeouna rrninairrd withtM Bank by smr of the Oblipors, and the Obligon ~prN to dNiva. to tM ~snk sdditionsl IaarM w mace weh ~
paymenu in r~duatioe~ oi tM principsl amount of the losn as shall bt trtisfactory to the Bank, in Me evem the ~ioremention~d Collata~ fhMl A~c1iM in wlue
~ w become u~tistactory to the B~nk. _ . {
Additions to. ?~ductio~s or ~xch~ny~s of, w wbstitutions Ior tM Collatersl, paymenq on socou~t of this loan or incres~ts of tM am~, or odi~r losra ma0~ ~
partislly or wholly upon the CollaterN, m~y (rom time to tirrr b~ nfade without sffcetirg the provi:io~ of thif Note. Tht 8snk shstl extrcas~ ~~uo~?sbl~ esre in j
the tustody snd pr~rqtion of the Coll~t~ral tp dN ext~nt requihd by apptitsble statute, and fhall be dNrtMd to hsw ~xMCisN1 tNfonabN CN~ if it qk~s tuCA ~
aztion (or thst pwpwa as Malc~? slult rWSO~uWy rpwtt in writinp, but no omission to do any sCt not rpuatsd by Mak~r N?dl b~ dNrtNd ~(ailun to ~xwcist
1
~easonsbl~ an, snd no ortiis~ion to oomply with sny rpwst oi Il~hkN shsll 01 itsdi De dsemed e(eilun to ezerci~ r~NO~abb car~. B~nk sha11 not be bound to f
take s~y st~ps n~ry to pr~rve sny rghts in tM CollatsrN sgsimt prior pnties snd Maker shsll tske all Mass~ry sups fo~ such purpo~es. TM 8ank or ~ts '
nomin« nNd not colleet inarat on, o? a prineipd of, any Collataal or yiw any notic~ with rap~ct ta it. _ ~
TfN Bank msy tontinw to hold sny Collaural cNpatit~d Mrwnda after the psym~nt of this Not~, if at the time of th~ payment and diseha~ge Mnof any ot ~
tta ps~ci~ liabl~ for tM payment htreof ~hall b~ tMn dinctly o? eontinpentfy Iqbb to tM Bank ~s Msker, endassr, wmy, yuarsnta o. aooorrwnod~tion ps«y i
of any otMr not~, draft, bill ot ~xd~any~, ar otMr instiuma~t, or otlwrwis~, and ths Bsnk m~y th~rqfter ex~.ciss NI rqhp with ryp~ct to said Co11at~.N
gn~t~d IeN~in ~ thouyh this Noa shNl haw bwn wrnndKad to t!N libker_ ~
If tM Bank dNms it~elf insecurs or upw~ q+~ h~pp~ninq of any of the folbwinp t~vents, ~sdi of which shsll oorqtitut~ a d~tault, Ml lisbilititt oi ~sch Malur to , j
the 8ank, inCludin~ tM Mtir~ u~piid pi~Cipal of fhi~ Noq ~nd aCtru~d inqr~tt, lea any uMarMd intN~ft snd any intNpt in ~zqit oi tM mtximunl sllorwd t
~ by Iaw ~nd any rebsus rpuird by Iaw, shNl in~n~diatd~r or d~enatt~i, st dN option ot dN Bsnlc, ~zapt thst tM oaurr~nw of (cl a(dl q~all csua wtom~c- '
; K xeekr~tion: without notia a d~reNnd. b~ea~N du~ and pyablr tM tailun of ~ny Oblipor to p~riorm sny oblipnion, li~bility or daim to the 6ank, co p~y i
F ~nterqt h~reon within 10d~rs atUr it is du~, or H dNi~ it no dw dat~. ~ftM it is bilbd a otherwiM nqu~st~d o? dan~nd~d, a t0 prY arW otl~ Ipbility wl~st- ~
~ soev~r to the Bse~k wh~n dw: lb) tM tMsth ot s~pr i~dividusl Oblga, tM di~olutian oi a~r p?tnenhip Oblipor a tM ditsolutan, m~r~ or oonalid~tion wiM•
~ out tM Baek's prior writt~n eonNnt of any eorporit~ (t) th~ filinp ot ~ p~tition in Drnkruptty or th~ djudic~tion of in~olwncy w b~nkrupley und~. J
udic
~ any r~y~niuiim, unrg~nMnt, n~elwurwns of eNb . di~olution. ~q~+d~tion or ~imi?~. prooMClinp ued~. sny tid~ra~ or :na nm,u, by w ay~imt any ~
~ Ob~~gw; (d} ~n application fo. tM sppantmrnt of a naiw? fa, or tM m~kinp ot a pen~nl ssipwrwnt fw th~ b~n~tit of cnditon by, sny Oblipw; !d tM ~nu1r
of ~udprrnnt sqsin~t a~y pbt;por: (fl cfN awinp of any sttaehmrnc or q~rnifhmNft. w tM idirg of se~y lien, p~irm srry prop~ny of a~y Oblqor: (~l d~e akino oi ~
~ ooss~ssion o( sny wbstantial Pa.t of tM propKt~/ of ~ny Oblqor at tM ie~t~not of anY pawrnm~nW autAaity: lh! tM dw.miryeion by tM 6~nlc dwt ~ m~t~ri.
~ a1 advNtt eharp~ ha~ opturr~d in tht fir~N~tiN co~~dition Of ~ny ObliyOr ftom tM oonditian ut tortA in tiM mast r~pnt finincial i4tsmMt of ~uch Ob~i~w
~ neretota~ furni~had to tM B~+k, a trom th~ eonditlon ot wd~ Oblgw ~ hentofon maa no~ntly di~doMd to th~ Bsnk, or that ~r w~?ranty, r~p.~nation,
~ certifiun or st~n+a~[ ot ~r Obtga (wMtMr eontaind in chis Non or not) PKtsininp to a in oa+nection rviM chit Noa or tbe losn ~vid~noW M Mn No»
conqi~ an unfru~ ~tat~nt of n+fteria! f~ct or omiq to ttate m~taiN i~et n~oeqs~y in ad~r to nMlc~ ch~ st~t~mMns rt~ not msls~din~; a, (i) th~ Mspn-
ment by sny AMIcN of any quity in any ot tM CollatKat without tht prar writun eoea~nt of t!k B~nk.
~ TM Bank ihall hsv~, but ~hsll not b~ limit~d to, iM followirg rphtt saeh o~ wAieh m~y f~ ~uaciwd at u?y tim~ wMtfNr a not thn Noer b dw: (i) to
~ P~~ a twntf~r thit Not~ ~nd tfN Coltsqral and tIN B~nic dall tM~~upon b~ rNi~d of NI dutia and ~qpona'~iliti~t Mrwnd~r ~nd rNaNd fran MW snd a11
tiability witb rNp~et to any Co11awN io pNtly~d o~ aa~utMnd. ~nd ~nY P~«ly~ or transl~rM thMl fa ait pu~pwa st~nd in tM P~us ol tht 6MMcINrwedM ~d
haw aN tM riyhts of th~ Bsnk l~wnd~r: lii) [o nansf~r th~ wholr a sny p~rt oi tl~ Co1lat~rN iMO th~ nNn~ ot iwlf or ia nominN: (~if) eo voM th~ Coiaaral:
liv) ~o noti/y tM ObliYas ot mr CotlatMal to mMa WYnwnt w tM 8~nk df any anauna dw a to baorr~ du~ tlw~a+: (v) to d~nwid. ~w for, oolbet, o~
; msk~ snY con~i Qri ~ttl~m~nt ' wiM" w thf ieral: vi1 W • o? ol o( ocMdi M CoN~M.
~ *~NIG. as use~ e~r`e~n m~eans ~ur~e Ree~s~qc'~a~es. `~`n,~°"an~'/orOO~~s as'~s~ns-.~.
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NOTICE: SEE OTHEA SIOE FOR IMPORT/~N1'-~NFORAAATION ~ 3
Fes ~sZ R.y. ~in BOOK PAGE e~ y
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