HomeMy WebLinkAbout0388 ,yy.'.~.Y'-~+r,~.•:''v~"~.._:y...,..~....,~;'`tM-s.y~~••~ttrx~,~}S~li!•~.ifv°'~'"t~a ~#'«~YF.,i.._3e.:--~.~/'__2 =r-A N=°..i~3~. ~ • ~ ...tr~-
, ; INBT/~tILMENT PROMISSORY NOTE
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° TURTL~ REEF ASSOCIATES, INC. * ~ t~ ~+~ou~~R~.a -.s . 7~•~
- . . ~ ~e~ c~.a+~ none
- Jensen B~~ich,_ F~larida' 33457 uh~a~u+w ~ s
~c~ oow~»hw,? sa~. : none -
~ t01 odNr aw~. u~«nwa = nOne -
_ ~ _ none
NoT~ na . ,,a?rea. Reb.; 18, 79. ~F~ non~
. M~rch 1; 84 ca ~M F+~+o.a 7000.00
DUE: ~;19.._...: tA, 9. C. O. E. R) !
- : , ~ IHI Inqr~t ~ '
PLACE: , FLORIWI' {II Ct~dit ImiMtiy~tion_ . i
ui on+.. t
• Fa vrfw nuiwd. tf~ w+dK~iq~Md IMniesfar a1Md "M~Ica") IoinM? aed av~afh? lil - (K) _ :
mon chM on~) p~omi~ co t~a1? eo eM i"x~ ~I~+i~~ at ia ott~oa ~i~ad +bow.: I4U ~
ot P!rnwna (!rom IN) st .i~nel of - ' ' Gso+I~rs wtnbM? ln (i.! ~
~qw1 enondNti?~inuM~n~n ot t ~ • IMl HIN'ANC~ CH~RO~
4w . tA~.fint . ~ . ..1 K. LI` _ ~~•Q4 ~ `
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i~Wln~n~ du~. o+~ s .19..,~. ~nd. e iasW~rn~nea Ow on (N) ToW of + M) t •
P~vn+«+a iG
d+. l~ ot th th~NftKL~ wiM i FINIIL BALL~OOI~PAYM~El~T
OF: p~~AGE RAT •
A~l~ : ~s_ - P~ ~:,_._..,~.~.x
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Tn. ~r ~w+ ~wo~.. e.~~a+MCr anro. a~ wk« o+~ «w aw~~ r~+~ n.• b.oon;. aw ~a ~n d.+~e ~o~. o.r~oo M.~w a to
~Y! ii~ an snaunt puaf to 6% o~ Mt anwuet of tM Wie~ip4 P~?t c1 tly MYnwnt in ddault. In th~ awnt dwt tM NoM b eyot p~id ie hill ~t n+~tutitll, d~ WM-
m~nd. w
i+ ~t h a prineipal. ietKat a o
U+« w
i
N. shalt bNr intKat at tM msxinwm Ipd ha dlowrd und~? tM Iw~ oi eh~ 8tiu ot Floridf. /?11 Pa1?m~ts mad~
Mr~undn tMN bs p~Qit~d first to ietNat and t!~ to P~ineiP~l. haw~~, in tM ~t oi d~fault~ tlw Btnk mrY. M itt ~oN dixntion. aPPb M1V P~Y~t to '
i~aresf. Aq~ ~snd/or tswfu~ Fl~r~t tlNn aoawd. It is tIN inqntion of tfii Rfnia 1~nto Mat tAe provi~ioM hM~in 11fN1 nOt Wovid~ dir~ttly n~ indi?~cthl `
tw th~ piyinant Of ~~ata ntt o) intaNt a tM ntention of arrr VthK cAry~ Hqn it NbMwd a'Y. Uw. if. ~or anY ~M1~. IMK~st ie ~xa1~ of ~+eh N~M t~t! or
+ d~ar9~ O~ohibft~d_ bV liw sh~ll ~t a~M/ timt b~ Wid. ~M? woh ~xatt sAW NtM? oon~tiiua ~nd b~ traNd ~1 a Prin~t o~ tM prinelpN w 6~ rNund~d dihetly
to tM M~lca. _ : ,
The_I~MkNnW PyD~Y s!N Mtk~ vnP+id brlN~q af fM losn at any tNnf. H tM lo~n b php~id In iuN. acwNntd or alitrsnad. tiN IIMIw ihMl ?~ai»~i
~sfund of tM unare~d Ponion of the int~t and in~wu~oa pr«niu,M eatput~d by tM iiuN M 78's en~thod. ~xppt dwe ch~ BaNe shMl p~ a~titNd ~o niain -
a rmnunum inqhst c~+ary~ of ~.00. .
CREOlt LIFE Al~O Ct~EDiT LIFE 3 OISI181UTY• INSUfiANC~ ARE VOLUNTARY AND NOT RE~UIREO FOR CREDIT. b1~tJ~ iequranp oo~pt it -
avsiisbi~ st tM eost d~si~n:ad beloMt fw tli~ tKm ot tht a~t: (s) s • fw Crdit Uh imu«np lb) t
tw Cr~d'+t 4h dt Di~ibilitY Inwnnet: ' ~ ~ -
Ch~tk ? Cr~dit Lib Inwr~p k d~sind on tM lii~ of
8irt~u
Box ? Credit k.if! ~ Diqbitity Inwar~ is d~ired on "
+ _ . . - 8irthdat~ ~ .
L:J -G~dit Lit~ sed/o~ pissbility Inwranp is not daired.
F.b. is, 1979 s;~t~..
. - en . . a .
- Si~nstun .
As sscuritY ta t tA11G• nl ~ K~C~1'aeQ OTI U~K.~~fO~R G~~~ !'~~e ~L3~. .~•`~°~I~'~P~~~~ n~ u. a~ ~
. . as escr n s~ ~ortaage *See c or D
mcludUg atl iner~s, wbsdtutiot~, nPl~am~~t~. additia~s and aoassiota ihK~to snd in tM proa~dt tMnot (Nec~in~fter Whd •'Co1Nt~ra1•'1. Thi~ s~curity
i int~rut ~t~lt slso iecure ~ny otlw ind~budn~st a? liability of cf~ Maku tp the 9anlc dinct or ind'a~ct, ab~olua o~ oontiny~nt. dw w w l~eonN dw, naw
j istin~ or hKMtNr arisitg, ~neludirg MI tutur~ ~dv~ or lo~nt bY the 8snk to tM b~k~r.
~ T!N 8snk k slio pivp~ a li~n ~nd a»cuiity i~~nst in alt prop~rty and acuritia ot tM M~Ica, ~ndarr, wrtty. yu~ran[a a acoonw~wd~tion prty of jha -
( Noa thpskwfar nfand io as tM "Obliporr'1. now in a at any dnr hpMfqr oominy into the concrol. a~t~ody or po~an ot M~ B~nk. wMchw fa cM ~x-
f P*sa~d O~POa of bNn~'w~d b1? tM 8ank as Colla~sl, or fa anY oth~r purpo~, ind uPOn an1? bslana or b~tanas to che a~dit ot M~y aaaint~, incMrdin~
~ t?ust artti aMney aaMUets emintaiMd withth~ BN?Ic b~r anY of tM Oblipqrs. ~nd th~ Oblioors yr~ to dMiwr to th~ Bsnk addit'wnN Co11atKN or m~1ce wd~
PsYmN+b in nduetion d the princip~l smount of tlr lor~ st sh~tl W utitfxtory to tht 8snk. in tl~t Mnt th~ afon~ntiawd Collita'al thall d~din~ in valut
or b~COf11! Y~Mitid~CtOrV t0 thf 6~1k.
I '
Additiorn to, nductio~t or exch~nps ot, w wbstitutian for tM CoNsmal. P~Yr~na on soeount oi tl~i~iwn a i~ of HN a~n~, or od+~r Iw~a rnad~
parti~h? w who111? uPw~ tM Co11~eMa1, mry ftatn ti~rie to tinr M n~d~ without N4~ctirq tht p~ovi~ions of this Nott. T11t 8N?k ~hMl ~~wrcq~ rwonsble qn in
the custody and ppe~wtion of tla Cotl~tpN to tM ~ab~t r~quirW by ~ppliuble satutt. and q~Ml bs dMrtNd to h~ puntiNd ~~aon~bN an ii k pka wich
actioe for tlwt pwpw~ as UA~k~r d+Nl r~aon~bly nquNt M writi~g, but no om+ssion to do any ~ct rat nquhad by M~Inr sMll ti~ d«emd a I~~un to ~xaei~
~~ason~bl~ art. and no onwaan to comply wid? aM/ rMu~st of Maka fANI oi iwlf b~ d~tm~d ~ f~ilur~ to ~z~rci~t rta~pn~bl~ pr~. 8ank ~hNl not be barld to
tak~ sny itps e~p~ey to pe~erw any,ri~p in th~ Co11itKN aq~itnt prior pHtia and Mak~r thsll talc~ all Moepary tt~psla web purpoNf: Th~ 8ank or iu
nomin» nMd not oolNet inta~st on. a a P~~eiP~M of. ~n1/ Cotl~tKS1 or ~iw a+~Y notio~w+eh n~wet to it -
TM Ba~k mry tontinut t0 hold any Coit~tad dpopt~d fNrwndsr afta tM p~ym~nt of ehq Noq, if st th~ tim~ of tl» psym~nt and ai~ary~ Mnof iny of
tM psrti« Ii~bN for tM WYn~nt If~nof d~W b~ tMn d'w~ctly o~ eontin~ndy tisbM m dN 8ank ac MMcer. Mdor~er, wr~ty. ~u+?~ntw or aooonrnad~tiw+ psrty
of ~ny WhN not~. dralt, bill 01 ~x~pt, Ot odN? YMttYnNnt, ot otbMVV~M, and. th~ B~nk ery t1NtMlt~t ~x~rei~ all ri~hp wit1~ tup~Ct to s~id Collatenl
qrmt~d hK~+n ~ven tf~a+ph tAi~ Noq ~I haN t~n swtM~d~nd to th~ INdw. . .
Ii dN B~nk dMnx itfNf iM~CUn or upp~ th~ h~ppNtinp pi s~ty pf tM fpllowitq ~nt~, ~ach of whicb ~II oorMtituq a dtfault, NI liab~itip oi pd~ MikK to
che 8~uk. incl~dina dN ~ntir~ w~p~id principN oi d~ir Noa and aocrwd int~rMt. IMS anll unNrn~d int~rpt ~nd any int~nst in ~xout of tM mu~em~rn Nbrwd
bY law snd any nbrte~ rpuird bY taw, sAW inrMdi~qly or M~rsdbr. st d» oPtbn o1 tM Br~lc. ~xaVYtfist tM oocurnnet oi (el or (d) fMtl eauM autamt-
ic soalKation: witho~t notia a drnwd, b~oonM du~ sM pnrsbh: W th~ fadw~ M any Oblipr to P~orm sny obli~tion. ~i~Wlit1? or c1Mm to th~ ~ank, to pry
~ ie?terpt Mtw~+ withln 10dq?t sft~r it is dut, ot H th~re M n0 dw datt, aftu it i! bi1Md or otMtwiN nquMad or dMmr~d. a ta ps~l anY otMr 11~bitity wf~st-
soewr !o tl~ 9ank wMn dw: lb1 tM d~sth of +nY iedividuM ObiiYo?. tM diKOlution o! siW.Patna~iP Oblioor o~ tl~ diaolutlon, rrN+iK or oonalid~tion with-
out tlw Ba~k's P?'wr writt~n eaa~nt of any c~rpohei Oblipor k1 tM iNaq of a O~tition in ~krup~y or the adjudiation of insoFaneir a b~nk?uPt~1? w+d~?
mY na9~rw~tion. ~?anY~r~nt. .~dl~ntn~t of d~bt. diMOlution, Ipuid~tion a timiUr Woowdiep. und~r sny P~drrN w ttsa satut~. OY a p~intt ~n1?
Obfpor: (efl. sn applic~eion fa U» ~o0~ntrt~eit of ~ naiwr iw, or tM n~skiiq of ~~aNrM anipiwn~nt fa dw barfh d u~dieor.s bfr. ~w Obli~w: (d Na ~nery
Q, ,~+a~»~~.~ ~n? oapo.; rn eti. o~.~w n~aa~~»~,t a~, o. a~. ra~ a un? i~..~.~w woa•~n? of «~v oa~: a~ ak~ a
posWwion of ~eryr w4utantiN O~t of th~ Prop~tll of anY Oblipr n eh~ i+~ttsno~ of ~ny ~nn»ntal aud~ority:11+1 th~ d~termin~eion by ~M 6NM~ tMt ~ en~wi-
~ ai ~dwrN eAstp~ ta~ ooeurnd i~? tM fin~neiN oonditioa of arW ObNOor.tran tM eae~litions t~t fotth in t!M mat r~t fi~ae+eiN tt~MnMetM wKh Ob1+/or
her~totor~ furnidNd W tM BN~k, or fran tlN tondition of wrd~ OWioor M h~tetotort nwdt r~eMftly di~doMd to th~ 8ank. a lhK ~nl? wrrantY.
g csrtifipH w Wt~nMnt of MN? Obtioo? (vrlMtMr oonqiMd ih tbM Not~ Or nbU p~tt~q to or in oontNCtion +~ith this NoM o? tM lo~n ~vNMeqd b1l 1hi~ Noq
conuNr ~n veerw aasNn~r?t afi wWt~i~1 taec a arra to hsM m~arbf taec n~ewrr in ordu co +mk~ t!M ttse«srnu m~ not. mi~Nrdi~; a. (i) tM
rrr»t b1l «w Mrlw of anr ~quitv «M? d th~ Cotha~N wi~out cM pria wri~an 4a+wnt o1 ~ BrMc. .
Tbt 8arik thMt Aaw. but M~11 not be limiud to, tM tolbwi~q rghp, ad~ af whieb nwY ti~ nuteiwd ~t ~e1? tnrN wfNtha ot not d~it NoM i~ d~: li) to
v~~dY~ a tranthr d~is Noa ~n0 tM CollaarM ~nd tM B~nfc ~II t1w~+Wos be iNNwd d~q diiti~ and n~poMibiiitia hM~und~r and nllsrrd from aiw ~nd aN
Ii~pNit1? with e~OM.~t to M~l/ Co1btKN w pbdold o~ tra~MfMr~d. ~nd any pl~N or trsrKfKM ~hMl for alt pltryoM~ tltnd i~ tiN P~~a of tM dM1k Iw?w~ and
havr aN efN rf~hb ot tM 8ank INr~ueda: lif) w ha~dir tM wlwN a asY v~ d t1M Coll~arM Mto t!w naen~ d ie~Nl or iu nwt~: (iii) to wa dM CoNat~rN:
liv} to nOti(y tl~ Oblpors d any Co11~tMM to en~lt~ 0~1?teMnt to tM 6mlc M a~lwuAtl dw or to b~oo~ne du~ d»noe: Iv) to drnwld. ~w fbr. oolNet. o?
~••~w ' KA' a'
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use~ e~~r`e~ans u~r~e`~R~~ssoc~a~e~s
;`~n~° a"~~~`~~s as~s`
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~ NOTfCE: SEE,OTHER 81DE fOii IMPORTANT INFORAAATION ~OOII~~
FBS 7S2 R~v. 7/77 ' j
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