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' - INaTALLMENr PROMlgSORY NOTE : . .
, . T~1kTL~ REEF ASSOCIATES. INC. ~ ~N ~o~s~~+»d a :
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~Jensen ~each,',Fioridd 334v7` - u~aoar~nr~++•: • '
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lOl. Q~M~ CM?YK iit~rniu! = OnB~ .
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RIACE: - _ _ , . FIOAIpII: (f~) ~ ~~wMti~tio^ ~ =1~~~""'~
For w4w naiwd. th~ und~niYMd (Mr~in~ftn qllid `MN~M") l0i~ehl sntl awnM1? (if • (K1
mor~ thM On~l Oromi» to~piy to dN ordw of tlM 9Mdc, +t ~q otfio~ li~dabpvs~ th~ ToW =
o+ P.~?~e, ~~on~ ~w~ n ~+a~v ~ . .~.,,.~.oaa..~,?.w. ~ . : ~ ~{u : : .
, . (~,_1; J: x:,~ , . = i~ , ~ T ~
~ou~tn+o~+dMt? ~a a # T„ IOB~~ . . c~ ~trN ' f~~ - -
. u!~tN!p+~nt. du~ on~Qi.~,..~.~;1a~. Md wibw~Met ~eMMmae~ dw on !NI ToW M P~p !G ~ M) _
w?~...dw or: a cn~r~~;,o~~,~ x!±~?; ~~~?t~~~?t~~~ON~P/~YMEI~T
oR: tn _m -
s < - ~~'°'a ~u8 . : : ANMWIL PERCENxA~iE RATE ~ ~14~
; t~' ~ _ -
T1+t M~. ~+nipo+~ s aN~erqwn~tr d~ p~in.i uti. M~kK on «?tr p.trm~nt .wi?joh ~w b.oan. du~ arnt ~t in d.twn ta ~ o~r+od i~ ~xeNt N_ 1g
d~yi in M? ampp~ns ~4uM to ~ of th~ anwuM of d~ prMelp~M O~t 01 ~tA~ MY~t in d~twh. le tl~e ~nt dia tM Nott it ~Ot PNd N? futl ~t nntwitll. atl-PrV'~
n~es. rrlrltlar" prlecipal. inar~t o? o~. thW bw intMat at 1M a?~cM~w?m NDiM ta~! Nbrwd u~ iM Iw~ of 1M StaM of Ffa+d~. l111 P~yn~s nNdt
h~nuldM ~MN b~ a~itKt (irtt to MtKMt• ~nd tMn to ,RineiPN. Aow~wrt in tM Mnt Of dNwh. tlr 9MIc m~y~ iei ils toN di~~tion. ~PP~Y +~+Y pMneM~t ~f
ieten~~ ptintip~l.snd/ot t~wlui FhtryN IhNt aoet~ld. It it iM 1~1i11ti011 of th~ psrtiM A~rooo that dN provi~iont lNnM Mdl tiot provid~ din~tiY w iedi~Ctt1? :
la tM p~ynws! ~t t~ur ra~ ot Mar~t or tht nt~ntioe ~f i~Ml ot1~ dw?Y~ tM~ k allow~d b~?1~w. lf, for aeY rwon, ~e iA ~xaN of tueh NOM +~a ar
a~~Y~ P~~~1~d bi? I~r ~hMl at in~I tM!M b~ P~id. Nql w~h t~o~M ~I+MI eith~r oon~titutt anQ b~ tr~Md it i p~Yfr~lot on tiN Wft~clPl~ or bt M~l~~d~d.dihctht '
. . ~
to tht JMNcM. , - •
The ~lik~r nw1? Pr~wY eM antin nnP~i~! bd~no~ ot th~ Iwn at an~t tin~. If tM Iwn b Pr~t~d in tuN, ~oo~lp~t~d or rNln~nad. tM ~A~k~r ~1wN .~aiw a -
rNtMd ol dN u~wnrd, pOrtioo of t!N intKat snd imw~na p?~enaani eanput~d M? tM Rua of 78's mKhod. ~xppt fh~t tIN 8l~k ~11NI Ot ~e1tltNd to rttaio .
~ n+in3mYm int~nst dat~t:of ~•~Q. . , _
CNEQIT U~E ANO CiiE~IT LIFE i D18/181LITY INSURANCE ARE YOWNTARY ANp NpT fiE~lJ1REQ FOR CREOIT. SuoA imu~~ eov~~e h-
swiabN at etN eat dai~nsad btloNr !a tM nren of t1r a~dit: (~1= - fo~ Cndit lif~ Inwrana (b1=
~or Credit ~.itt 8 D'w6ility In~unnot: _ -
GNtk C?sdjt 4h IMur~nq h d~w~d on tM IiM of
- ~ eKthdsa -
Boa ' ? Cadit lih 3 Dissbility Irtsunna k daind on
~y 8irthdaa
_ U G~dit Li1~ and/or Oistbility lequranet if not d~sitd. .
aa: t)ee. 17. 2478 s~.t~.e - -
~a~+t~
~ As ww?iN fa t!w Pw+~?t of tM Nou the M~kK h~nb1? ~?ana to tM 8rnk • 11 V
#~a _
i , Cnnd. i, R~corded on 0. Book 25t , Paq¢ 235. ..~I ni~i7~ s an n
; Cend_ C.1a* Mt; ltn= C-1~ ~ d~crihad ~~aid ~nrtyayg. _
~ncludinp at1 aiu~, wbstiwtions, npt~esnp. additio+u ~nd ~oaaioru tAar~to snd i~ tl~ Proc~i~ thK~ot iAutinstur pfNd "CollatKd"1. This paKity
~ncuat sAatt aho ~eur~ +rw oth~ ind~budnas a liabiiity ot eM I~Aslc~r.to-chi BM+tc dihet a indinct, ahiolua «co~~wptnt. dw « io t~ean~ dw, now ~x- .
istilg or hMMlta piiin0, ieldudifl~ ~11 tutW! adv~el0~ Ot lo~ns bY tA! Bink to tM MdtM. . . .
~ T1N 6ank N iN0 ~irM~ a IiM and s Mwtity it~tp~at in atl 0?cO~?tY and iKU~iti~s M tht 1~4k~r. endo~N/. wntb. WKM?to~ O? socot~nod~tion PKtY Of thit
~ Nota (INninifqr niMnd m ~t tM "Obli~ors~'1. no~? in. o[ tt any tMM AKMftu oominp irttO tM CoMrol, pRtodp o? poaation of tM BM~k. wMthM for M~ aoc- ,
P~aMd P~Ooa d beNg w~d 61? tlr Brnk ~ Colbard. a fa a~y otMr OurPOa. ~nd uPon b~4ne~ or bM~nar to tM a~dit of any aocounts. induditi
trutt and a~C1l aooounes m~int~ir~d witbtM B~nk bV s~M? of ~ OOlioo?s. snd th~.Oblioo?s apns to dNiwir to tht Bank ad~t+onM Co1Waa1 or mMct wd~
~ p•v~~ n+.nauetioe ot an prinapM an~ow+t ot a+. ~wn « awi~ a.nisf.c~o.~r ~o aK eanlc. in en..wnt n,e aorwmndon.d eaatKM Man a.a+n. in wa,.
w b~cant unatNfietwl? tq d» 8~nk.
~ Additiont to. nductian or ~xehanOa oI. oc ~ubethutio~m.fw th~ Coilaanl. P+Ynyna on aooount d fbis loan or ina~aN~ of tM an+t. or otMr Io~na+nstM #
Partidly air wholhl ~po~ tbe Co11~~rM. rmb iran tlnM to tiRnt b~ ~n~d~ wiM~out.~ff~cWq eht P~a~o+~ of this Nott. TM @ank slull ~xaai~. nfwrvbN eart ie
the a~ttody rKi Pn~rvation M tl~t ColUqrN to ehe ~xt~M rpuir~l bW i0Mka61~ astute. snd ~I+W b~ dNtn~! to Mrs t~nrciMd nnon~bN pn ii k qka wreA
secion for tMR PurooW at M~k~r ~lalt nNOn~b11? ~l4~at H? +~t;irg. but no omiision eo ~o aiw aet not nquKUd bY IiAMcK ~ArN b~ dwnMd ~ taitnr~ a~.du
rss~awbl~ laril. and no omipion 'to oanply with anlr nqwst of M~k~? ~fnll of iadt b~ dnm~d ~ f~itun to ~x~rcat naonrbb an. 9ank ~hN! ~ot be boueKi to
ak~ anY sqq ~NOp~Y to P~a M~Y ~ti in t!N ColirtwN a~i~~t P~ior 0~~ and MMcK ~latl ~ sN ~eoa~rY ~ ior ~uch PwPo~~. ?ht Bank a iis .
nofnitlN 11Md I1ot CNIiCt iQ~_o11. a~ 0!~fIC~ O~. MW CO~Ii~f/i! Or ~IMt aDl/ notie~ with f~Ct to k. - -
Th! BM11c ftMy C0~1Li1NM ~O 110id Mry ~ol~/t~fM d~PO~bd.hK~utldM ailLH th~ piyllMnL M 1f11s NOt~. It ai tht tiltf~ ~ N1~ psynfMt and di~{'h~r~ Mrp~ a11U o1
tIN pMLiM (~~1~ f01 SII! p~Yfll~fl! 1Nf~0} ~1~1~ b~ t~Nfl dM~Ct1y O( OOIltblwlli~y ~i~bif ~D t~N Billk M~f~ l~IdOt~l. fYffty. y4KM~tOf Of i00011M110ditiOfi pi?ty
ol an~t odMr ~ob. dr+h. biN d~xd~, or o1M? ~nxn~t, or otl~ww. ~nd tht 8~nk mM? t~rwftK ~rciN all ?iDha with ?«P~at to iaid CollatKN
9nn~d 1M+~iA ~wn thouoN thq Not~ ~ 1~ bNn ~ad ta ih~ ~ANnr.
Ii tM 8ank dMnr ipMf ie~uh or ~~pon th~ fppp~niip pi ~r p} t~ to1lowirq ~wntt, qdi of whioh tlwll oomtitut~ i dtfauit, all ti~bilitia d~eA MNw to
tM Baik. ineludir~ eM ~nt1n u~id PrinelP~l of thit Nom~ and aa~wd int~t. Na srW unarn~d inMrMt ~nd aiW int~rat in ~xas~ ot tla nwclmwn Nbw~d
bt? 4w and aiw rM~a~ na~eind M? ~M1 i~IsaiY or etwatar. ~t tM oPtton ot tM Banic. ~caPt ehat th~ oocu~~na ot k10~ (d? ~Iril cauM ~uwmrt-
ie soodrrstiwr;wid~ort ewtio~ a bnMnd, b~oo~rNdu~ ~nd p~yaW~ W dM taiiun ot ~ny Ob110ot to p~rform aa~r obliwtion. IW~Nih a el~ien to fM d~nic, w p~y
~ inte+at .t~wn widHn 10dws ~f~r it k dw. a N tMrr it no dut d~a. aftK it it bi1Nd or otMrwir ?puwt~d or d~rNnd~d. or to PsY MY othp li~biliel? w1~t-
~ soa~r to d» Bae~lc wMn dur. tM dNeh d aM/ ind~ridwl0b~l0o?, qw diNOlution M a~?Y o~~iP Obtiqa a th~ dil~oM+tion, er~ ar aoraoEidrtion wieh-
out th~ B~ntc's p!ia wrltan oaa~nt ot an1? ~rp~tr 9bli~or: ki tM filaip oi ~ PKit+on fe b~Mcrup~jr or tM adjud'iation Ot i~ol~ne.y or baikrupt~Y und~r
+~w ~~iae. ar~en. r~ppn~nt of ~bt, di~olution, ~iquidrtion a s~niNr Proa~diry a~d~r ~nN F~dr.a1 w sat~ wat~. b11 a a~ an1? -
~ ob+;~o.: t~! ~.poi~e.~ia? to. a».oao~nana+t a. ?.o.+r.. ~a. a nn o~. ~.~.~c ro. w. an.rn a ~..e~on a?..~w oaqo~. a».~w
ot jud~re~et ~Yr?ewt Mw OWpor, (Q N» iM~+inY at4eMynt a~ni~mnt, or tM filino ot any ii~n. ~imt a+rY P~~Y of ~1? OWipr: I!) tM qkin~ of
oossa~ioe ot aMr s~+bstantiwl p+n of tl~ propnty ot anY Qb1i0p? at th~ Mtt~ of +nY ~owraa~ntal wM?c?it1?: IN tM d~iertian by dN ~ank dwt ~ e~i~
~nk
~ a! ad~» d~N+p~ !at oodm~d N Mi faqtKW ooAditlon ot Qblioa fram Nt~ tonditbes ~tt tonh tn ih~ motf noN~t timnei~l t~stan~nt ot wid~ 4b~Na -
?N.aofon turni~d m eM ~nk, or hom tht oo~dition of ~ud+ OWipor a~ haa~tat mat noN~tlf? diidord to tM 6M~k. a? tMt ~ny w~?r~enY. ?~aNnation. .
ur~it+at~ a aai~nt M rry Oblipr (wMth~r oonqin~d M Mit NoN c~ eod P~~! ta a N ooer~tion with t1?a Nor cr tM 1an widM~pd b~r tAi~ NoM
conuinf an uraru~ ~taqn~nc oi nywiN bst a aNa to tha m~M.iM lact in ordrr ta nrk~ ch~ a~nwnu nNd~ not n+iM~: or, (iI tM aMiNf
n+~nt w.n1? l~i.kw a~.iw w~e1? in.n~? a ar. cairatil wHlwut u,. v.ip. wrm~n eon.Mt a a~. erdc. -
TM Bank t1NN hM. bYt tl1d1 nnt b~ limiqd ~o.11M fdlowini ~iOhO. Meh of whkh n~r bt txKCiMd at iny tinN rdrtlN? or not tbi~ Nolr h dw: (il to ~
vf~ a awtu ~ Noa and tM Cotbarai and tM Mnk fMM ~~4on b~ rNi~wd of W d~tiM snd rMponNbilitiu M~+ndK ind nltw~e kan anr aad aM
Ii~bitlq/ whh ~wp~Et to u1y.Co1latNM q pMd~d a t~rbr.~d. aeld MW Obdir~ a trsndarN ihMl t0. di pu~poM~ sW1d M tM P~~a Of tiN Nnlc hMMN1d~t M~d
h~ ~ ~M ~i~ha M dw Y~nk 1~nd~r: (q1 to awh? tM ryAoi~ a~w p~ of tM Cofaanl M~to dw ~wer d ~a~H a its e~ominM: G~l to +roa tM Co11~a1c
( w) ~ notltY f1~ Oblipn of ~ny Colltnnl to erisi~~ p~yn~tt ~A dN 9~nk o1 rh? aawuM~ dw o? to boan~ dw tMr~oa: t~?1 to dm~6, wN tor, oolNet, o?
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~ . ~anct: 8EE OTHER SIOE FOR IM~ORTANT INFORMATION BQOK
FK 7S2 A~v. 7l71 ' - - _
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