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~ , . INSTA~~MENT,PROMISSORY NOTE c~
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tURTLE REEF ASSO~IATES, ING? * . t~?1 ~?n~a?ni_A.~wa =,..,..,,,,,~QQ•00
. . , te~ ~ ra c~at - ~ = ~none . ~
Jensen~ Beach, ~lorida ~3457 ~ u~.~~w~+~r , ~ s ~ ~
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101 opM. c±wKa. ~rc~.? a~ none
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NoT~ ~,a . a?T~o: ~ ~ Nov. .~4 : ~s..~..78 - . : none
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PIACE• _ , , FlOiiIOA , IJI Oth~? i~~~~
. fo~ wiwt nc+~ewd. ci~ undKti~d ih~nin~ft~. a1Md "MakK"1 iO1ndY snd p~Mh? iif ~ ' IIC? ` ~ :
nwn ih~h olw) P?a+~i~ to pnt tp 1M Badc. at ip otfia lut~d ~bor~„tM T°~ - ~ `
of hy~r~Mtt ltcon~ lN1 s~ c~ht! Of . OoQ~ta MYKiN irt •"Q (U~ .
.aw~ montiav ~a~~t,a a: ~ ~L•
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~MGE~CHI?R~iE- ~ 3574.40
Jan. ~fe . . . . . - : ~ .
aawhn~?t.~ on. _Q tOw..l~..~f w~pwni i~aa~lmnlu dw oK ~.(N1. rtoW di P~r~r~+g IG + Ml . i • _
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TA~ dx~k th~tl in~~ ~ dNin~y ohr~ aaie~t 1M M~kM on adV WYmw~t whid~ AM b~oonM du~ ani! '
rMrwir~ in dNault tar ~ pplod M~xaMt ot 1p
d~ i~ aw amou~t ~p+41 to ~i .of the inwu~t oi tM P~cipY W?f oi d+~.p~ymfn! in idMault. In tM M~t that Me_NoM it nOt ~id te fuU atfiMWri11?. ~N p~ll ,q;:
n~n. whsNN~ P~neiP+l, tet~e~t or oth~rwi~t. shdl b~p inan~t ~t dN msxkn~li? I~pN nb Nlow~d undr th~ IwK of tM Saa oi Florid~. AII p~ym~na m~df
hKqundK N~MI b~ a~diNd tirsR to in~t snd tMn t0 Pt~PM. hwwwer. in t~M w~nt oi difMlh, tM Bink m~Y~ fn it~ iPN dilaetion. a1~R1Y ~Y P!Y~t to
ini~mc, pr~ipM, apolot IaMAuI dqrqK dwn seawd. It it ehi ineinNOn of th~ P!~rtia hK~to 11NC the p.wri~io~ h~nin fhsil not provide dinctly a indinetl~r ?
1a tM WY~t o! a pnst~r raa M inia~t or tM i~ntbn of any otlw eh~r~ thsn M ~11o+~d b1l Nw. lt, ta snY rwon. ~nunst in ucaN oi rueA IpM aLe a.
• erar~ p~d~ib~qd bv ~sw a~M1 si ~ can~ w o•~d, ah? wd~ ~hd~ Nih~?. con~c~cua u~d b~ ursad a~ a pat?n~ne an iM w~netp~i a b~ ntund~e di~.e~hr
to eht M~k~. ' . , _ . . _ . -
-~?tAt M~icet n+rY P~~ dN u~tirt unPsid b~i~na of ~M ban ae anY tim~. If tM Iwn is pnpaid in firtl, xal~r~ad a rrfirnead. dr MMIcK dyll ~~eMw a::.~
nfund o1 th~ w+wmd portion of tM int~~tt and.imwanos pnrniun~ eomputNi bY tM Ru1~ of )8's method. ~xapt 1Aat tM B~nlc~sMtl b~ ~ntitNd to hWe
s malinMN11 intl~tt Cllsrof oi ' ' . - ~
CREOIT LIFE IlNO CREOIT llFE ~ DISABIIITY INSUMNCE A~iE VOLUNTARY ANO NOT RE~IlIfiEO FOR piEO1T. Sud~ irau~~nao0+?jr~t is
swii~hN st tM eott d~i~r~sd 6NOw tor tht tKm ot th~ crsdit: W i fw Cndit LNe Imuranct (W t
to? G~d'K.I.if~ A~ Oiabili.b imursno~: ~
G+~ck ? Cndit 4h fnwranot is d~sind on tM lif~ 01
M~o~. awtlwlat~ '
Box ? Cr~dit Lif~ a Disability I~tsi+o~ it d~prM on
r~ BMtAdit~ -
u G~dit li(~ snd/w Oi~ability In~wana is not desind. ~
o~~.: !lev. 24. 1978 ~ s;~,,.~„ ~
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s~,.w.. ' ~
As acurity for tM paymtnt ot tM Noq tM M~kw f~ yrsnb to s ity in ~ n,. fai ~ i ~ Turtl Q_ Re~f =
. rd~d an~. R. Book ~6~ a~`~~t... $~n~°~ee~s ~FI ana . _
. . t. . ~s escr tt sa t~ gage. -
~ntludirq sll inCnsat, wbttitutions. r~plsoanNnts. ~dditions snd sooa~ioin the~no snd i~ th~ ptoot~dt tfwtwf (I~tFn~itN p11W °Collaprd'9. Thi~ Meutiq
ince~t d+all aMo ~curt ~ny othu Ind~budn~M a IiabUity ot the Maker- to the 8~nk dinet or indiact, ~b~olua or oonun~nt, dw a~o b~oon~t dw, nar ~x-
istin~ or lyr~sl~ ~tifinq, intludin~ NI iututt ~ Or lO~nt by th~ Bpnk to t1M MNcer.
j .
~ TM 6ank +t slto yiwn a lia~ sed ~ Nwrity iou?Nt in ~II P?opKtY and t~ewitia of th~ M~ktr. ~ndortK. whtY. ~anto? w sceonNnod~tbe pilrty of Mp
Nou (Mnin~ftK nl~rnd to as tM "Obl_iyon `I. now in a~t any ~irr~e 1~erNfta oonri~q ieto tM eontrd, ais~ody or powxion of tM BsNc, w1NtMr iw tM ~x-
~ P~aNd pwpo» of b~irg ~a~d b~r tM S~nk ~s ColtstrrrF, o? Ior a~r oti~ PurtwW. ~nd upw~ sny bslsna a balanp~ to th~ a~dit ot- ~ocouna, indudkp
tnm and pMCy ~oownts m~innin~d rrithth~ 6ink bY «MI M th~ Oblioort, and tM Obtgas apn~ to d~iivrr to tM 8ank additionN ColbprM o~ mMct weh
` wYm~rtt~ in nQuction of d~ prineipM ~mount M th~ Iwn a ~hMl b~ mahetory to Me Badc, in 1he ~c d~e sto?an~tion~d CoN~arN MMI d~din~ in wlue
i « e.eom. w~t,ti~fan«v to a,. 9.nk.
Addieioro to. ndue~ion~ a sx~h~npn ot, w wb~tiatiom fw th~ Collsmal. p~ymenn on aooount of ~hb lo~n or incrwK of tht w otMr io~m n~
psrtislty or whot~Y upon d~e Collatual. fian tan~ to dnN b~ msdi wi8?out afbccinq tAs Wovisiotn ot Mh Noit. Ti» B~nkfhMl ~xeraM r~onibN a?~ in
chs a!~todtr and o~ion ot tM CoU~taa1 to tM ~xt~t rquind bt? +pP~k~We suwa. snd ~hN1 b~ drwrMd to haw uarca~d n~an~bN an iNt taka M+ch -
xtion ta tMt V~?OoM a~ IiA~kir ~hNt rWwn~bh rpwst in writiry, bu[ no omasion to do wM? aet not n4w+~ bY M~kw iAMI b~ d~n~d ~ t~ilun en txrei~
r~san~bN an. ~nd no omipion to oomply wi~h ~r rp~~t Ot Mdc~r ~hsll of it~N be d~m~d ~ f~iiun to ~~ci~ naonrbb prt. 6ank ~11 not b~ bow~d to
takt anY sqpt ~op~rY to P~r! aAY ~~ts i1~ tM COllstaal ap~inilt priw pirtia snd M~IcN ~1q11 qlt~ aIF Moa~r1? tt~ iw weh purpoN~. TIN B~nk Or it~
rwminM nNd not oolbet iet~nst or, o. a PrMielp~l of. anv Cotlat~M a~iv~ ~ntr notie~ with niqet W it - .
TM Bank nry oontirw! to hotd any Co1N~rd d~potitsd hKwndK aitN tM psymu?t of thi~ Not~, if at tM tinN of tht p~ynrnt ~nd d"ud+ar~e 1Nnoi any of -
~ P~iN li~bi~ for tM WY~t ~lKwf ~IwN b~ tMn dM~ctM or aonciep~nd5? lisbb to tM 8~nk a~ M~ke~. ~ndon~r. wntl?. Wsranta o~ ~ocomnwd~tion p~s.ty `
oi any odw iwt~. draft. biN d~xd~sr~, or otMr in~trunwit, or. otlrrwis~. snd t1N B~nk m~11 tMrwttK ~~a.ciw alt ri0ha Mr+th r«p~et eq ~aid CoUat~rM
p?~nt~d MrMn Mn tAwiYh thit NoM thsH M~N lNN1 ~NIdK~d m tM M~br. -
If tM B~nk dNttu iqNf lea~tur~, or upon tht lNpp~ pf sn~? of t!~ iollowin0 ~t=, t~eh ot whieh M~NI oorstiwb ~ dtfault. Nl liabiliti~s ot ad~ MNcK W
the B~nk. ~ndudirp the Mtin un~id PrincipN o~ tAit No~ and aocrwd inarat, N~ ~M? unMreMd inwat and snY in~Kt in ~xoa~ of thi nwcinNrn albw~d
bb law and sAy nb~tu ?~4uind bY law. ~ imn~qhr a tMn~t~. ~t tM.eRdun of d~e 9~nlc, ~~capt M~t tM oo~urnna of (el a? td) duli o~uN ~trtoinrt-
ie aoaNntlon:without notie~ otd~mmd, b~oon~dw.~nd p~yabN: (d 1M 4Mun ot any Oblioor ~o pirtorm any obli~tion, li~bil;ry of elMm to dM dMk, to Pq?
inwut A~non within 10day= atbr h i~ dw, a lf el~M~t i~ no dw d~ts. ahM h is Aiil~d w olMrwiM rpwtqd or dNn~nd~d, ar to OsY ~R1? oth~ Iilbilit~r whK• '
~ sa~~in to th~ Bsnk wfnn dw: tbl tM d~ oi an~i iMividwl OMi~or, th~ diNOM~tion d nM? P~tuMr~+iP Obtioqr a dr di~olutb~, m~r~r o? oonsolid~tion wiM-
out tM 8anlc'~ prior wht~n e~nt d anY e~0aa~ abli~w: k1 eM filbp ot a p~tidon i~ Mnkrupt~y a tM adjudiption d imolwne.y or h~nknipley uedM
i~
~ a~l? ~?~Y~t. ~dlu~an~M of d~bt, diMWution, ~iquid~tion Or sia~ia? prooNdlrg untMt ~nf/ F~d~sl a staa ttatut~, bY 4? MM~ a~fl
t Ob~po?: !di sn a~ienbn ta tA~ +~avoinaaa~t ot ~ nnlwr ta. a tM m~kin~ ot. pa~uN swi~nm.~t for th. bai~fic d endlcon b1?. anY aMip?: u) ehe ~y
? oi t~dPr~~t s~ie~C anY Obli~O?: (tl tM Uwi~ o! an11 maoMn~nt w p~ni~rMnt. a tM t~iep o! a~rV ~i~n. p~at anY P~~~ o~ M~Y Oblipr: t,) tM t~kM~ M
~ ooss~~ion of ~ny wbsw+tiM P~ ot tM w~h? oi Mw Ob~iOor ~t d+~ i~atria ot anY yo~nrmnd wd~ority: (hi tiN ds~rtnin~tion bv tM YrMc tlat a ms~ri~
~ N ad~rN elwep~ ha ooqm~d N tM fiaMeiM oonQition d any abli~or from tM oaiditforr t~t fareh. in th~ ~nat noM?t fin~neisl naw~Miet d w~1 Oblipr
~ h~rstafa~ fumMlwd to 11N dank, a han t!w ~a~dfdon d wwh Oblipa ~ 1»r~totat mott no~ntly di~doMd to tM B~nlc, a tlMt a~Y ~rnantlr, nonMn~tion.
c~rcificst~ a wt~m~e?t oe ~nl? Owip? (rMwtMr oonnin~d in ehit Noa a noti v~~ to a in oo~w~tion whh Mis trob o~,gyt.la~n ~vidMOrd bv tAi~ Noer -
conui~ an unnur wtNr~nt o~ nrarNt t~ct a onwts w ast~ nra~ial taet n~aM~r in ada oo n~ t!r itiqnw?ta m~d! not. mi1lMQie~; a. (1) N» Mi~rF -
m~ni bY ~W M~b? of siMl ~'9~it1/ in sn~r Of tIM Co1NMr~1 ~vitflaut dn WiOr wrfit~n oonntn O~ tIN dN~k. . '
TM 9ank 11~11 1Nw, put ~ti Aot IN IMdtM to. th~ tollowitq ri~tt~, sieA of wNlch m~y b~ ~oweiMd at a?y titrN wlwthM or not thi~ NoM it dw: (i1 t~
~ M~dO~ a uri~h? ibu Noa sn0 eM CoUawM and eh~ 9sdc ~II th~r~w~on bs nliMld_ o! aM +lutw~ and n~po~nibilkiK Mnu+~da and nliwrd tran +e1? and ~N .
~ ~i~bitltY wid~ ~ap~et to ~1? CWIsqrN so pbd~d or ~t~n4, and ae1/ P~O~t or trsMl~ tAMI Mr all pwpa~ st~nd in tM P~~ ot tAr Arik h~twndM snd
nwr su tl» r+~l+a of dr ~nic hirwindK: ~o a~n~hr dN wbob w~? pKt oi e1N Collst~rr ineo tM n~ of itNtf w ia nomi~w: (1ii) eo voM tM Co11t1arM:
~ (iv) to +w~fi? eM Oblqon of ~ny Colbq.~l ~o nrk~ Wy~twtt to tM B~nk ot any ae~ourKt dw or ~ baar~e du~ tlanoa: (v) to drn~id. wu far, ooN~ct, a
~ 00~~c~ a~s
use0 _rte"r"`e n means uT i"L le
R~~" T~15SOC~a~es n.Ca
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~ NorcE: SEE Ofi~ER'EIt~E~FOR IM?ORTANT INFORAiIA?ION BOUK PACf .
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