HomeMy WebLinkAbout0427 s~.~ • r ~ ' ' "~.y.~ . = . ~,-w.
'3^w ;.',.c~a°.`~`~~ ~Mc-y?~:..v+~_'~~ .~,va::. ifi~'~?. N s.,~p/a!!~t~a~B~'i~ R_" ..t.,.. .,-~a~~r. .r . • _..t
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. INSTA~LMENT~ PAOAN1680RY NQT~ _ _ ~ .
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~ ~ ?WtTLE REEF ASSOCIATES,~ INC. . ta ri.o.~r.a = , ~
` " , ~ . ~ tW hr«+wn+n tor t~~dit
~ ~~ensen Bea~h. F1or`ida 33451 ~ ~ uatan.dw~r s~ one
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NoTE No. - - a?TEO: . . ~9 y8 , tF~ = none
~at A~ou~t F~o.a: _ 7~,TL?.00 _
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PIACEi _ • - ' - , FLORlOA (l) G~Ut Inw~tipNa+ ' :__~gr.._..._..;.,.
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Fa vMw n~~wd. tM undK~qn~d ltwrNmtar sNNd "Mdc~'1lointM a~d ~nihr tif IK) i _
M ~~t d+~
Rwn th~ ay) PK~~ io wY, to tht d M~ ia ottia thqd ~ov~. (U ~ * -
of h~mM~M;1~c4n~ ~~N) at iipht) df 1Z Z47. i~ Oo~wrs wvaby ~e a_ Z~~
eaw.~ +~w~Mh? ~m"~C~s . c~. t~ ~~"a tH:
.~I.i 1toE - ~ =T 4, 5~5. t0 ~ - - . `
~a~Wln~t dua.eA :1~_._.. aed x+blwilMt ienalin~tt dw on IN! Toqi M h1?mu~q 10 + M) i ~
t~.~ ~~u~,~to~ wid+. F~ru?~„s~~~
PArM~
oF: ANNt1Al I~qt~MTAQE pAT~ %
ch~v w¦..Ot1? ol ~h n~4n . . -
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T1N ~B~k. ~,impoM a dMMqwi~e~? d~rY~ rYMiMt tM AMk~? on ~nf? WY~nt whiof~ hM b~caM d~N ~nd raraka in ~Mfwtt ta ~~iod M~~ of 10~
dsy~ in se a~ow?t ~4uai co lCXi of tM snwuet M th~ ixMebr Pa?~ of Ni~ p~YmN+t Ih d~wl~ In ~~nt drt th~ NbM a not W1d In ttlli at m~turiht. aU OM•
m~nef. +NiMN~~ P~~P~. intkat ar oit~wb~, dqll bM? i~Mt~ at tIN mucimum ~d t~1~ aflowd. wKt~r ~ bwr et !~M ~t ot ~laid~. AN payn~?b ~n~+M~ .
h.rwndM,fAM1 tN pdit~d futt to inMtat and MwR ~o WCineipal, bowe~+~, in tlN wrnt of ~faulb tIN llaNlct~1g W Ht ~ol~ dbEntbn. ~PPhI rOY ~t
intinst. Prineip~i M~d/or lav~u~ d~iry~s tf~t ~ouwd. It if tlir intintion oi th~ Ps~tiM 1w~o thst tIN P?ovki~ f~c~M flwll ~t MOVkh dk~etlY ot 1~1di~~eti~?
fw th~ Iuqtr~ni ot a~w ab ot ietirat a ttw nt~tlo~ oisnb otiNr dwtq~ thse b ~Ibw~d bl? Uw. l~, f~ antr rwon. lnbtal M?lxpr ot ~ah NNI rau or .
~~+ro~ P~ahidiud bv 4w Wall ~t any uen~ b~ PNd.+rw weh ~x~ ~U NMa oonsttwa ~nd b~ trNtd ~ PN+hM+t on th~ W~~elbal at bR Hfun~tf~ik~t11?
to tM 1~lr:: , : , .
TM I~Aak~? nnY tM~pM? th~ i~ttiti uet?aid bdane~ at !Iw Iwn it MW tNrw. If thf lorh N WMwd Ih fu11. ~oo~N?aHd ot r~llnrno~d. ttw Q+4k~r tlwH r~whrs •
.efund of tlN, w»trmd portlon at t!N intwstt snd inw~~nq {xemiue~a eompubd b1/ th~ AuM of 7A'f rrNthod. ~xppt that tiN da+1k ~I! b~ ~htitl~d to RWn _
a minimwn inlM~st ChMO~ ot ~.00. ~
CREOiT LIF6 AND ~CRE01T LIFE A DISABIIITY INSUFi/1NCE AFiE VOLUNTAhY ANb NOT pEWIIqEb ~OR"GqE01t. Sud~ itquranoa o~aN b
avsilsW~ ~t bott dWDmt~d DNow fa th~ tKm ot th~ endk: (al S fa Gr~dit Ufe InMU~ (b) ! ~ - v`~' •
fa G~d;t U~i Oi~bilkY IMwana: ' ~J
Chack d Cndk lit~ Inwrana is duind on tlw qi~ of
A~. ~ NkN~drt~ . .
Box fl Cr«lit Ut~ s~~~ri ~~sna s da~nd on ~ .
. 8ktl~dat~ .
U Credif Lii! snd/Or Oissbillty Insursna is nOt desird. ~ ~
osn: August 28, 19T8~ s~ut,,.~
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, . ' . . . . ~ .~fl~tUf~ C C.l,~ e ~ { ~i r ~4t ~ °'j , _
At aeurit~ fQr tht psymp~t ol tM Not~ tM IYWca hN~b1? ~nnri to tM Bank s ity IntK~tt in tM fdloMr' p?opu : I/1 T~~ Rsef . I
A . o. ax -
ineludin~ aN ine,~. wb~titutiais, r~W~canMnn, ~dditions snd scassio~u thertto snd in t1u proos~d~ th~nol (Mr•insfur q~Nd "ColbarN°?. This ~rwrity
intKat .thM1 ala aCUn anp othu ind~bt~di~ w li~bility of d~ I~AMe~r_ to eM 8mk direct a indinet, ~bsolua or conan~nt, dw or ~o Mcarn dw, iaw ex.
i:tin~ oc hwwf IM`~tilinp, i~dudin~ ~111 tutw~ adw~at or IOSnt bY th~ 8~k to tM M~Ic~r. .
I TM B~nlc i~ ~Mo~ s t"iM and a~eurity lntaat in M) proW~tl/ and s~cu~iti~s of tht M~Ictr. erborrr. wnW. 9w?anto. or sccanmo~tion O~h? of ehis _
Nos~ (h~n1(n~far nt~nd to u tM ••abll~ors'1. now in or st ~ny cim~ haptu. cani~g into Ms oontro(. a+~tod1? a Po~an of th~ Bank. wMtMr fo~ tM ~x-
aabd PurPws M b~ieq u~d bv tIN 6~nk s~ Co11~e~?sl. or tor othM Pi+~oa~. snd w~ ~1? bd~na a bdanas to tM u~dic W any aaoune~. in~JudlnY
' vust ~rd_p~neY aooountt nra~tsitrd withtM 6ank bY. snY oi "tM 061igwf, and th~ Oblgas prM ta dNiw to tM Br+k sdditiooN Collaaral ot maka ~+d~
~ psyrtNnti i1N~ nduCtion Oi tFN W~~ 01 tlM lOM~ a~ ~l1d1 b~ ~ilifiattory t0 d~l:~ in ifl! ~wf~t tIN dOtitnattiOMd ColbtKal thdl d~dill! ie ~rMu!
~ o~ b~coen~ wattitisetal? to tM Bank. " - • ~ ' , . .
. A~dd'?tions to..nd~+ctiaa a~xdwq~: ot, or wbstitutiaa tor ths Collaural. wvmena on aooount ot this ~wn w i~er~s ot tM sur~, ar oth~r lo~ msd~
psrtiNl~? or ~AAwllr upOn t!N CoNab~N. nW from tinN to doM b~ nldt without ~ft~etinp.tFlt provaio~u of thit Nol~. TM Bankthdl suMaM rN~O~abN ure a~
tM cwtody and praervatioe of th~ Co11aWN ~o tta uctui( rpuk~d by ~PP~idbls ttituN. snd ~hsll b~ dMnNd to I~v~ ~xNCiNd naoe~bN.pn if li Wc~a aeb
action fa dat qMpoN at ~ArkM sAMI ra~o~Mbtj% riWKt in writin0. but eo omi~sion to do nN ae1 not nqu~tt~d M? M~k~? ~hall M_dNm~d ~ faiun to ~
ressonabl~ an..rnd no on~ion to eomply witb any nqw~t o/1ANc~r ~hill oi itsMf b dMmd ~ taiWn w~xKei~ naaabb ar~. Ba~k ~lNtl not bt bow~d to
tak~ ~nY st~p~ MesMM1~ to P?Mav! ~n1? riphts in thl CONKKM spfil~tt prior pNtip and.MhkM ~11 talt~ NI n~rY ~~P1 ~or weh pUrpoMS. Tht 8ank or its
nomime nNd not eolhct inu?ut 0~. ~r ~Drincipd ot, rn~r Cdla~&a{ w~iw sRY notia wifh.r«prct to it.
Th~ Banlc nry caltinue to hold ~rW CoN~tN dl0odt~d h~e?M/nd~ iftM th~ paym~nt of thb Nob. If it tM tim~ of th~ PNment and ditd~arqt heraof sml of
th~ p~ttNS li~bN for tM ph(mMt I~r~of lhN1 b~ MMi dinetly ot o0ntinpenth? IiNfM to tht Banlc at M~ktr, aidwm. wnh?, puMSnto~ or ~oeonwnodition W?tY
oi sny odw noa, drah. bid d•~, or oMw inarunw~t, ot oehwwia, ad ~M Bank m.Y .d~fu? ~x.rcc~ NI ri~a wid+ r.~pct io aid Co11aa.M
qr~qd h~r~ ~ U+agh fhii Note MwN !tM bMn ~utnnd~~d t~ ~ iiMkw.
It ~M B~nk d»mt It~N frw~wn a upon tM M~pp~nMO of anlr of tM to~lowinY Mnts, ud~ d whid~ ~Irll ooirtiwtt a dNault. ~illiabUitta ot weh Wlsk~? to
cn. e.nh. inc~ud~no ti,. a+t;r. unp.~d w~,+e~ ot ~nt. troa aad.oawd ~nrrat,l~M ~nb unN~n~d inw.a and anv inarue ~n ~xaw of da mac~nwn a~iow.a
bt? Isw ~d an~? nbs~u nquind bv Iwi?, d~N1 tn~di~tNy a dandar. ~t tM optbn af tM Bank. ~xaPt thet dw oocw.anoe ot (c) a(d) ~MN uwe sutana-
u
ie soaNrstioe: without notie! or d~nrnd: b~oonN dw Mld PWibb: (a1 dM isik~n ot any Oblyor to priorm aNf? oblfatbn. Ihbilfty Or ei~Mn ~ tM 8ank. to DM?
~neKat I~wn with?n 10dwt afar it b dw, or H dNn it no ew dst~. afar it i~ eANd or odMrwi~ rwuKt~d «d«r~idrd. a towv anv Odwr It~bdi[y wh~e-
soewr to tl~t 8~nk wlNn dw: Ib) th~ dael+ d an~? individud Oblipr, th~ di~wlutlon ot +iw v~~+b Ob1iYo! or d» di~wlution. rtrrPr or oomo~idation wie0r
out tM Bsnk'~ V?for wrttt~n oa+~n M n?Y OWipr: k) ths filin~ oi a P~tWon in bwlcruOTCY ot tM a~udicWon oI in~olrM+ql ~t b~nluuPktt uedM .
snY noro~nitation. arr~rg~t~K. tMdluttn~nt of .drbt. di~lutbn. Hauid~cion w~itn proa~no w~dK a~w F~.N or ~aa ~atua, bY or a~t ~n11 -
Ob~por: Id) ~n appllation ta tM ~POO&wn~n~ of a nah~r f0~. a tM niMcfno ot a~d a~i~r+nMnt hx tIN b~fR ot u~dhers b1?. a~w OMioor: (s1 eM ~nW .
~ ef ?ud~M a~i~+~t aM? Obli~or, lfi dM iMUi~q of ~a1? Mt~dima~t or quni~iwnNit, or tM filino of ury IMn, aosiMt ~n1t P~~Y of anj/ Oblipr: t!i Ms t~kk~! ol
Posswion of M~Y wbLntiM art of tM WoOKtft ot a+Y Obli~or st dw in~t~+o~ of aW ooNrnerwntN ~utbority: (N th~ d~trrtnimtion M tM Y~nk tl?~t t nwt~i-
~ s~ sdwrw d~ h~s ooaur~d in tIN fin~nclN oondition M uW Obtqa fran da oonditiar ut ford~ in tl~ mo~t r~ai+t tin~nciN stsrn~+t d~ OW1~or
hNNOfOr~ 111MMMd t0 dN BM1k, or from dN ~tlon of woh OWt~or M ha~tota~ mat ?~aMh? di~cloMd to tM B~nk. a dat a~w w~rra~nv,
cat~tiaa a~taaew~t of Mw obtlpr iwlNtMr oontdnrd in thM NoN or not) p~ainley eo oc in oo~etio~ whb d~k NoM a th~ ~o~n widMad br d~i~ Woa
conai+r w umrw wt~nt o1 mrtpW faae.a on~t eo wa en~art~l f~ce ~Y in adK to nrk~ th~ slaamrnts m~d~ noe mwl~: (i) eM a~
m~nt b1l a~1? A~k~r o~ ~Y M~tY M~nN o1 tM CoWe~st wiMout th~ P?ior writt~n eonNnt of th~ B~nk. -
TM BM~k ~hrN Iww. but IhNI not b~ limiqd W, tl~ toNowina ?f~t~. MCh a1 wAid~ ~nM b~ tx~elMd ~t ~erY tinM wlMNw or Qot thb Noe~ w dtM: (i) to
p1~ a uwiw ~h1~_ Noa a+d d» Co4~/~rsf and ths srnlc ~11 dMrwpon Mi rNfw~d ot ~It dutM ~nd ?Npo~wbi~itN~ hmwida a~d rNNwd han «w «~d dl
t{rbility wld~ n~.M to ~+h? CdytMN a pbdp~d a a~hnnd. and s~w p~M~ a u~ruMrM 1hMl fa aN Pu?po~ st~nd M tiw Piaa of dr Mnlc h~rw~d~? ~nd
hw~ d1 thi rirhtf of t!N ~nk 11Kwndw: f iil to ti~a tM whol~ or urY Prt aj d+t Co1l~brai hKO t1M rww ~ IwM a its nant~: tiii) to von th~ Co11~nr~l;
(iv) co naih? ~M Ob1loo?s ot ~nY Coll~arr to rt~k~ p~ltnMnt to tha 9~nk of ~ny amounq dw a to b.oonr dw tlw~on:. (v) ~o d~~w~d. wN ia. odNef. a
~ ~ ~ a~~~ as~ use~ ~er"'e n means u'~
r~e~'Re~e~'~soc~~es
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NOTICt: aEE OTHER StDE FOp fMPORTANT INFORMA7tOM~ ~ ~OOK
FeS 75! Rw. 7/7f ~ • ~
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