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' INSTALLMENT PROMISSORY NOTE
n~n~ R~Ef AS.SOCIAT S_ ~?~~t ~ : 3100.~
y?N t„~ (8) Pnmium tor G~dit ~t
lih/DiMWlity 1~. :
o. ~uc 6ia. ~ ~ _ ~s~r ~~~ry S~. :
O IC D l01 OtM. Chuoa lium~~l t~Q
IE1
NOTE NO. ' OATED: ~ Z~~ -.18 ~ IF) _
JwAt 11 a3 ~a~ F„'""'a 3100.
UUE: ~ . 19_. (A. 6. C. D. E. F) _ ~
IHl IntKpt
PLACE: . FLORIDA (11 G~dit Inw=tip~tion =
tJl OtMi t
For vslw haiv~d. tM u~d~r~iprwcl (h~nin~fw ca1Nd "Mslc~r") Ioiedy snd wvtrally (it
mon th~n orN) promiq to pay [o th~ ~t ia offiq li:ad sbov~. tla (K) :
ot P~ym~nts (irom (N) at ri~ht) of ~ • Ooib?~ paYabl~ in ~ (U t ~ .
IM) FINANCE CHAR~E
pwl montAly imqll f= • . tM first (H. 1, J. K, L?- : ~l•~
ins t dw on .19~. snd wbspwnt insWlmN?ti dw on (N) Totsf of P~ymants (G t M) _ ~2•~
tn.~dry ot osch month thK«ft~r, top~tMr with a F~NAL. B~?LlOON PAYMENT OF: ANNUAL PERCENTAOE RATE ~ 14.U0_ % -
s a ~E DUE " .19 ~~r
Th~ Bank shsll impos~ s dtlirputncy darpt p~irat tM M~ka on aiMl WY~t which Aa b~carw du~ md nm~iia io dtfault tor ~ puiod in ~xaq of 1~
days in se amount equa! to 59fi of tM amount of tM principal p~t of tM paYm~nt i~ d~4ult. In .tM irent that tM Note is not psW in tull st rrwtu~ity, all psy-
mena, wh~tfi~r princ~psl, inarat or otM~wia, sMll bear incerest st tM m~ximum le~l nt~ sllowed und~. tht Iwv~ oi tM St~n of Florid~. All p~ynNnt~ msd~
hereu~ dall be endit~d first to inta~st snd then to principal, how~vrr, in tM tvent of default, ths Bank msy, in its tole discntion, spply any paym~nt to
intsrest, principN and/or I~wful char9es then soaued. It is ths intention of the parti~s hK~to that tM provi~ions Mnin shsll not provids directly or indinetty
for th~ pym~nt of a presta rste of intKest or tM nttntion of sny oth~r chuge th~n is albwsd by law. If~ fo? s~y neson, inurKt in exoss~ of ~ucA I~yd nts or
a chs~ prohibited by Iwv shsll at aMr tims M psid, sMr wch ~xass ~hall eith~r constitun and b~ u~aUd ss s psYm~nt on tM principN or M~efundsd dinctly
to the MakK.
Ths Mak~r mty pr~pay the entire unpaid balsnce oi the losn at any time. Ii ths loan is p~~paid in futl, aoteleratsd or refi~arKed, the MakK shsll reosive a
refurxl of th~ ur~nad portion oi the interest and insurance premiums tomputed by the Rule ot 78's method, exppt [hst the Bsnk shs11 bs entitl~d to reain
a minimum interat d?srge of s6.00. ' .
CREDIT LIFE•AN~ CiiEOIT LIFE d~ OISABILITY INSURANCE ARE VOLUNTARY AN~ NOT REQUIRED FOR CREDIT. Such i~uurants toversye is
available st tMcast daignsted below iw the term of the credit: la) S for Gsdit Life I~surance lb) S
tor G~dit Liis ~ Oisability Inwrance:
Check ? G~dit Life Inwrante is desired on the lite of
Appl. Bi~thdate
Box ? Credit Lite di Disability Inwrance is desired on
Birthdate
Crtdit Liie and/or Disability lowrance is not desired_ c.~
~ate~ ^~l1 1978 ? `~~Lt~~`~~~
Signature
Ol J. ~foral ts . ~
Sig~ature
n Tur~te _R~!t
As security to. the nt the ote the er her nu o t sec i ~nt in the 1 rt+~- -
'~corde"~'~` or. ~c~, ~~ge 5~ . - ,
A~t. No. C-lt, as described in s~ ~rt~aae.
includirq "a11 increases. wbstitutions, replstements, additio~a and soassions thereto and in the proceeds thereof (hereinatter called "Cotlaural"1. ThK security
~ interest shsll ~so secun anY other indebtedness or lisbility of the Maka to the Bank di~ect or indirect, absdute w continpent, due w ta bscane due, now ex-
; ~sting or hsnafter srisinp, inctudinq all futuro advances w Iwns by ths Bank to th~ Maker_ ~
~ Th~ Bank is slso yiwn a lien and s s~turity inttrest in ail p?optrty and securicies ot the Maker, endorser, wnty, guarantw w atoomrtwdation pstty of this
Note thaeinsfca refKi~d to as the "Obligon"1, now in or st eny cime heresit~r cominp into the cont~d, custody w posse:sioo of the Bank, whethar for tM ex-
f prest~d purpos~ ot b~inp ussd by tl~e Bsnk as Collateral. or for any other purpose, and upon any balance w balances to the cr~dit of any sccounu, includinp
trust and speneY aocounts msinteined withthe 8ank by sny oi the Obliyws, a~d the Obligo?s aprae to deliver to the Bank additional Collaursl o? maks wd~
~ paymenn in reduCtion of the printipal amount of the loan at shall be satistaetory to the Bank, in the event the sfprementioned Collatersl shall deClins in vslue
or become unsatis(actory to tM Bank.
Additions to, reductiwa or exchangss of, or wbstitutio~?s for the Collateral, paymena on socou~t of this losn a inueas~s of the ssme, or other losns msd~
partiafly or rMwlly upo~ the Collstersl, may from time to time be msde without atfecting [he provisions of this Note. The Bank shall ezerc~se reasonsbM cars in
the cuitody and pre~e~vstion of th~ Coltstenl to the ~xtent required by applicable statute, and shall be deernsd to hsve ~xercissd rqsonsble cere if it takes wch
action tor thst purpose as Maker shall ressonably request in w?itinp, but no omission to do sny sct not requested by Msker shtll be deemed a failure to exercitt
reasonabl~ csre, a~d no omissiori to campty with sny ~squat ot Maker shall of itsalf be deemed a failure to exercise reasonabk care. 8ank shall not bs bound to
take aM/ sttps neceuary to preserve any ri9hts in ths Co118tersl against priw parties u~d Maker shall take all neoeusry steps for such purposes. The Bsnk or its
nomin~s n~sd ~ot cdlect interstt on, .x a principsl of, any Collsteral or give any notip with respeet to it.
The 8ank may continue to hold aoy ColbterN dsposited hereunder efter the psyment of thif Note, if at tF~e time oi the payment and dischsrge henof any of
the partia liabb for the payrne~t he?eof shali be thsn dinctly or contirw~ently lisble to the Bank ss Maker, endorser, wrety, guarantor or accorrxnadation party
of any otMr note, dratt, bill ot exchanye, a other instrumant, a otherwise, and the Bsnk msy thereafter exercise all righu with r~t to said Collateral
grant~d harein even though this Note shal{ hsvs be~n wrnndersd to tM Maker. _ -
If ths Bank ds~ms itself insecure w upon the happe~iny of amr of the totlowing events, esch of which shall constitute s default, all lisbilities of fsch Maker to
the Bsnk, ineludiny tt?e entire unpaid principsl of thi~ Note and socrued intsrest, less amr u~esrned interest snd sny interest in ezpss of tl~e rtwxirtwm ~Ilowed
by law and a~y nbstes required by law, shstt imrt~sdiately or d~ereafter, at the option oi th~ Bsnk, exoept that tM occurre~oe of (c) or (d) d~ail caua autpnat-
ic accekntion; without notioe or dertnnd, b~oom~ dus and psyaWe: (s) tha failure of amr Oblipor to psriorm any oblgation, liability or daim to tta Bank, to pey
~ in[erat hareon within 10days a(cer ic is d~, or if d~ere a no due dat~, ~fter it is billed or otherwise requested or demanded, or to pay sny other Ipbility what•
~ soever to the Bsnk when dw; (b) the dssth of any individwl Oblgor, tM dissolution oi any psnnership Obliyor a the disiolution, rrwyer w oonsolidation with-
~ out th~ Bank's priw writte~ coment of any torporat~ Obliya; (c1 tl~e iiling of a pstition in bsnkruptcy or the adjudication of insolvsncy or b.nkruptcy undK
any rsorpsnitation, arru?~emsnt, rpdjustm~nt of dtbt, disfolution, liquidation or simitsr propadirg unde~ any Fsdersl w stste statuts, by or p~inst sny
~ Obli~w; (d) sn ~ppliption fo• tM appointmsnt of a r~oeivrr iw, or tM mskiny of s qenenl ~ipnment for tht benefit of ueditors by, any Oblipor; (d tM snvy
~ of jud~ni syainst w~y Obligor; (il tM iswirg of am mschmeot or qunishm~nt, or the tilinp of any lien, spsinst am/ propsrty of iny Oblipo?; (p) th~ tskinp of
posssssion ot sny wbstunisl part of tM prop~.ty ot any Oblipor s[ tM i~aqnce of sny govsrnrnMtsl suthority: lh) the deurmination by tM Bsnk thst a rn~tKi-
~ al adwrae charg~ hss oocurred io the finsncisl condition oi sny Oblipor from tl~s conditions set torth in tM most recent finsncisl sat~rnsnt of wd+ Obliyor
heretofon furnahsd to the Bsnk, o? from the condition of wd~ Oblipor p htntofae most recently disdowd to ths Bank, or thst any wunnty, repnantstion,
a certifiau w stattm~nt of s~lr Obliyo. (whttl~ cont~in~d in this Not~ or not) p~rtainirg to or in oonrnction with [his Not~ or th~ losn evid~nord by this Nou
conains an untrue ststem~nt of maurisl fact or omia to ssaa rr~t~risl fact nscniary in ordsr to make th~ satertients n+ade not mal~sd'uq; or, (i) tlu sssiqn-
ment by sm? Mslw of srty ~quity in any of tM Collattnl without tM pr'ar writttn conant of tM Bank.
T?N B~nk d~sll h~v~, but shdl not b~ limit~d to, the tollowinp rghts, each of which may b~ exKCised st any time wh~tMr w not Mis No» is du~: (i) to
pled~ w trsntfK this Nott snd tM Collatt~d and tfN Ba?ic ihall thsr~upon bs n1i~vW of all duti~s a~d raportsibilitin hereundtr and rNi~vrd from any snd ell
li~ility witl~ rpp~ct to ~ny Collataal so pl~dy~d w uuatand. and any pl~dp~e or tnnsftrM shNl for all purpot~s st~nd in the P~ao~ of tht Bank hq~untfK ~nd
hav~ all tM ri¢~ts of th~ Bank haeunder; (ii) to tr~nsf~r th~ NR~oI~ ~w ~ny part oi ths Collatenl into th~ nan~ oi iwlf or iu rwminN; (iii) to voa tM Collatenl;
(iv) to notify tM Obli~s of rry Colliteral to mrk~ psyrrrnt to th~ Bank oi sny amounri dw or to b~come dw tMnon; (v) to dKnsnd, sw tor, eoll~et, w.
mek~ any oaepromia a setcl~m~nt it d~err~s desirabl~ wiM nfK~nce to th~ Collac~ral; snd (vi) to Uk~ post~ssion or Contr0l of M~y proa~d~ oi Collaarsl.
!"8ArlK" a~'~ti here~ ~ans Turtlt Re~f Jlssoctates. In~t. and/or tts asstgcu.
" NO CE: SEE OTHEFi SIDE FOR IMPORTANT INFORMATION BeO~ '~~E wM .
Fes~sz aw ~n~ 312 ° '~~ll
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