HomeMy WebLinkAbout0442 ~ . ~c.;:t. _t:._K. . . ,:p. __.a...;. ti- . _ -a.. i~„~--~ . .w.._~ ~ i • ~ r . . . ,,.r, - ~ •w.iti-?.-. ,-t. . _.e. ~ - ~ -
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o . . . II~TAI.LM~NT PROMf~BQRY NOTE~ ~ . ~~j'
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. - TURTlE R~EF ASSOC~ATES, INC: * ~ - tA1 ~nt ~a~ _
. . sw • 1~1 ~+~um for Cr«Nt 'l10~1@' .
` ~J~~sen 6e~ch, Floeida 33457 ~ - ut.~oa.a+~h,r ~ :
- - tq' ooa+~a~«r swha t non
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hoTa ~ ` - ~ a?Te~ _ ~ ~ Feb. , 8, , ~0 7~ - , = none - ~ .
a„~; ~ ll~b. 21 ~~89. u~ ,
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%.ACE: ~ , FLORIGA (1I C?~dit ImMtiMtion i~ _
. ~ vMw nai±~d. tM ~++~+orMd /M?Nmh~. eMtw! "MWcK'7.lotndy+i+d ~N11? (N ~t~Kf ~ ' _ ~ ~ `
tno~~ fl1N1 9n~ PrO~MM m O~Y ~!M°'~ it its ~tip 1l~Nd ~110+N. .
°01 r+N?~~ (hom 1Nl ~t ti~tre) ot . -
~r ~ Do~Mnv~1tl~~^~ `tU i
svua~ ~nonthh u ot ' . ~M fht IIW FINJ~N~~ CHARi~ ` 7y~'!. ~
: : +H~ ~ ti
u+stNltl~ dw w? ' ~ ~ ~ ' .1~_._._: «~d wb~p~wnt irawln~e dw o~ . , , tNl ToW of P.yn~+n .IG + M1 ~
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'tMr ~"~i ~fu~Lw~d~ w~th ~ FI~~
BALLO~,PA
yMFN~f
OF.. ANNUAI. PERCENTA~~. RAT-ET~`~9i '
.
i Ou8 . - .`14' ~
tn~ s~?k ~11 de~~.w d?~ +Pin~t pK Mdc~r. on awm~nt,rrhtd~ ~w b~oan~ dw and ~~4 iR ~ahule`ta ~ p~iad in ~xaM ~f 10 -
d~ In an a~nowii puM fo 6Xr of tht anww~t ot tM P~Me1P~ i~ of tM WYnwnt M~lNsplt. In tM w~nt tlNt th~ l~btM k nOt ONd M tull ~t en~tWih?. W pN
n~ts. wAw~sh~r PHneipsl, int~tt a oM~iwiw. dWl bar Narat at tM n~ucimum.lpN rat~ Mbw~d w~d~t eh~ N~w~t of dw Etaa ot Piorid~. Ail p~y~n~nt~ r~pb 4
hKwnda ~hMi b~ endiad tir~t to ieta.ae ~ne ti~ to p.ineipN. howwK, in d» ~ne ot d~tauh. d+~ s~nk in ia soN dNentia+. ipply any p~rrnKnt-~o
M
intau4 P~~nO1i1M sndla Is~vful cAt~t tINA aopWd. ~It. is iM in~Mtion of tA~ P~?tbt Mnto that tM P?~~ ~l~i! not P~ovid~ dM*CdY o? -
ro. tM piynMnt ot a orMar ~ of inantt or tiN hantion a+~w othu chary~ thMi k.~ibw~d qr Nw. li, ror ~nr r~on,: intapt In •xaa~ M weA N~i or
+ d~ar~ V~dribitb b1l law shNl ~t M~Y tinr b~ PMd.1NM? aKA ~xaK M~li NMa ~onrtitutt ~nd bt t~ad a~ ~ Qsyn»ht on tM prineba~ or ~ ntund~! d
to tM M~k~?: .
T1M t~i4kK nN1l w+P~w tM rntint unP~id bNM~ ot tM loan at any tim. tt tM Iwn i~ p~{f~id in full, ~oa~abd o~ nltn~no~d. tM A~bku shall ne~iw •
~Nund d dir u~NKrNd Portlon M dN int~tt ~nd iMUrai~ p~ntiunM ewnputd by dN Rul~ Of ~8'a aMtlwd. hcwPlthst tM Bank thM! 6~ ~ntitUd m~tain~
a minimum int~r~st dwy~ of ~.OQ. . , .
- CREDIT LIFE ANO.CREpiT LIFE ! OISA8ILITY INSURANCE ARE VOLUNTI1bY AND NOT AE~IIIRED FOR CRCOI~. &~d? imunnp co~wny~ ir ~
svrilsbt~ ~t ths oo~i dai~na~td bNow for etw a.m of tM p~dit: (a) = fo. (~ndit Uh I~auana t~ i . ~
fa cnan ~u+• e o+~~i„ i~.~.:
Gnek ? G~di~ Lih I~e~p+rana is deand on tM lit~ of :"K'. .
MP~• ~ - ~.thdat~ _
Box l~ G~dit lif* a Disability I~uruw & dpind on -
. - 8irthdsM
~ G~dit Lit~ andior Oiubility I~furar~ it not dKir~d.
o~~: Feb. 8, 1979 - ~f/, i'~C _ `.~~r~
s~.~,..
~ . . . . -
si~a+n .
As s~ity fw tM psym~nt of tM Not~ tM IiA~lctr ba ri to tht ity in fa ~ 1 n Turt1 e Reef
Cond. I, Rec~rded on 0. . R. Book~~3, pa~qe~i~~. tfi~` ~~cs ~anc~"~n , .
_~nt_ Nn_ tZ:19 s~ d~;crf~ in ~esid ~nr^t~s~, ~
~nelud'+tg all incr~p~,. substitutioro, npl~o~nw~tt. additiom fnd soo~tioiu thsnto and in tM p~oc~~dt dNr~of (h~rtirrtt~ qlMd "Co11~qrM"1. Thi~ tKUrity
I; imaaa ihMt ~o ra~n aM? ueha u+d~bc~r~ a Iiakility of dr ~ka. to dr 8anlc dinee oi indinet, rbaiua u oonri~nt. dw or to b~ dw. now sx-
~ istirg a h~?wtta arisi~g, inch~dinOali futun adw~~ or loant by tM Bar?k to th~ Miker. -
i TM 9ank i~ sbo piwn s li~n and a s~cwicy ~s~r~t in sti propKty ~nd ~(curiti~s ot tht W1Mc~r. ~ndon~. au~tY. swnnca a scoonwnodstion WnY of tha.
! Nou (h~ninNar Mernd to ss tht "Oblioors'9. now in ar a arw cinr h~rMfur oomi~g into eM eontrol, a~tedv a PaiMaion of t1a 8s~dc, whttlNr fa dw tx-
I P~aMd pu~poM d b~in0 u~d bt! tM 8~nlc a Collsanl, ar ta an~? odwr p+ryoa. ~nd upoe~ ~h? ba4na or bNar~ co th~ a~die d~w ~aou~m,. indu0i~+~
trust snd.aaney aoo0unri m~intsi~rd wit~lth~ Bank.bY i~Y Of d1~ Obliooq, and tM Oblgon spM t0 ddiNr to tM B~nk additionol COIblMM or nNk~ sueh
Ps1lnNna 'i~.~ductioe of tM principM sn+ount o1 U~ lo~n s~ sNNI be misfaetay to d+t B~n1c, in th! w~nt tM atora~rw+tia»d Cot4t~al thsll d~din~ in w~w
w bitonr wastiqaecaY to th~ Btnk: . . : -
Additions M. r~uytiau or ucehsii~s of, or w+b~titutiau for ch~ Coit~o~s1, p~ym~nts oe soeount df_ tAis lo~n pr ieer~et of tM wni. a othK Iwns ~n~
PutiNly or wholht apon ti~ Co{btKal, naY i?om timt to tinN b~ mad~ wid~out 1~lf~ctiny tl~e psavbioM M tt~it Nol~i ~t 9ink sMll tz~ci~ ~haon~bN qre in -
th~ cuslcdY ~d O?aKwtion Of t!N Colt~brsl to thf ~xbat rMuihd bY ~PPlic~bl~ aatuu. and MMII b~ dNnrd to hart tx~rciMd rN~oni6h ar~ it {t taka sud~
sction tor_ th~t purpoM st Mdw ~AMt na~on~bhr r~quwt in +MfitinY, but no anb~ion to do ~rry set not r~qual~d by ~ d~ll 6~ dwnrd ~ failun ~o ~arcW ~
rwsOnfbN CM~. M~d n0 WaiMiOn t0 colnply with a11y ?p1Mit Of MskM ~11 of itsdl bt d~tn~d s failun t0 lxMtilt ri~i0/fabl~ GK~. BM~k thill nOt b! bOw1d to
tsk~ Mry tqps Moat~ry to prwrv~ anr ri0ht~ ie tM Coll~qrai a~ p?for p~rti~t ane! Mdc~r ~hN1 talc~ a8 r»o~nry saq for ~uch purpwn. TM 9ank a ies
rwewnM nMd nOt Co1Met int~?Mf o11, ot a P?ineipd of. MW COIbtNSI o? oiv~ anY rlotio~ witA rap~Ct to it. . -
Tht B~nk nrY ooretinu~ to Aold aiW Colletwal d~P~t~d hwwndw dta 1M PsYm~nt of ihis Nob. if st tlr Wnt d t1N PaYre~ieft ~nd Oi~eharq~ Irrwf sny of
tht D~ ~iabN fo~ !M p~ynrnt Mtnof daN bi M~n dinctly or oominMntly Inbl~ to tM BM~k a~ M~kK, sndone~, wnt~l. 9~antor or ~ooommod~tion P~Y
ot sny oihM iwt~. dnft, bW M~xch~, oi odwr Mytrwtint, or odMrwip, ad th~ Bsnk+~y tMn~fq? ~x~aw all .iOha wicA r~ec to ~sid Co~awN
9r+nqd IwnM wN~ dw~qh dJt No1~ ~all llw~ 4N~ wRN~da~d to UI~ M~kar.
If ttN B~nk dMnK itNlf inpe~n ac upon tM 1appNfinO ot MM? of tlw followinY Mna. Md+ d whieh ~11 oonstituq a dN~ult. Ml liabiliti~ d Nd+ Mslur w
tA~ Bank. ineluOinY th~ ~ntin w+p~id P?inefp~l o! d~it Noii and ~oawd inttntt. N~t any unwrn~d inlrrMt and any in~t in ~xp~t oi tM mncit~~ Nb~wd
bY Isw snd aiw nbst~ rpuf?~d b1? bM?. d~aN imr~ditqiy or UNrNft~+. at tM oPdon ot tM Baak. axaPt dwt th~ ooewrM~a oi k) or (d) ~INII esuw automa;-
ic aoabr~tion: wid~ort notiot a d~nMnd. l~oan~ dw ~nd pa~raW~ !a) th~ fWun d any ablqor m pnfam ~ny obli~tio~. li~bYitt? a d~in+ to tlw Bank, to p~y
ineaat h~rwn witbin 10d~ afer. k b du~, or M th~e~ i~ no ~w d~a. afa. it i~ bi1Md or od~Mw nquNad a d~n~nd~d, o? tQ Pw an1? otMr Ii~bdiqr wha•
~ ~oev~? ie tM Bank ~irn dur lb! tlN dMth of anY ineividwl ablipr, tM diwofution d ~n11 D~~~hiP ObllYO? ar tM di~oNUion. m~Mr or oaNOlid~tion with-
out tM 9aMc's O~or wrirnn ~awnt M aa1? eorOOnM Obliio?: tc~ ~ Nin~ M~ p~tition ie b~Mcnipl~y ar t!M adjudia8on oi i~poiv~l a b~nkruptey uniMr
mY +?~anD~r~t. [Mdlwbnrnt of O~bt. diKOlution.~NWidrtion ot denifu O~oardinY w~dM an~? F~d~rM o? tqt~ st~wt~. b'1r or a~i~nt +~M
~ O~Iipor (d) an applie~tion ta d+~ ~PP~1m~nt oi ~ noNw tfx. or tM nrkinp of a M~M +rf~rMmnt for th~ b~e~eflt d a~dkas W. ~nY Oblipor: tM ~na1?
~ of l~dY~~nt ~t ~f? OW~or: ti! tiw iruin~ of +d1~ m~drrynt p~rrni~lrnrnt. or Uii /~liip M an1? liw?. ~t sn1? P?~~1? of +r+tt ~4a: b) NN Wcin~ d
Poss~~ion of a~W wb~eantiM p~rt of d~ propKty of anv ~Wi~o? at tM inpana of r~p Yo~nnwnts! authaity: (h) tM drqnnin~Non M tM Mnk that ~ nr~ri- I
~ st ad~p ehan~ h~ oeewnd in f!K finanCiN o0nditbn of M1y ObHpt iran tfN oonditiwit wt EaM in tIM nwa r~t fin~neiM lt~MnMnt d w~d~ OMi~or ~
he..sota~ fwnidwd to d» 9~nk, a fran t1w oondltion d~eA OWioor a' I~rswfo~ r~att nownh? di~dowd to dw 8~lk. a tlat sw rwnntv. npr~eat?oe.
~ artitiCai~ a-iNt~nt Of M~Y Oblipr (Nhqhw aOntwMd in tAit Not~ notl pirbMdn! to or in oDiMMetion wid~ thi~ No1~ 6t th~ lO~n widp~ord bY tIN~ NoM
cona+n~ an ueKru~ sne~nwnt of nwariM hee a omiu to tt~a 94i~~tfe n~a~y in aer. to a~u eM ~an~ea nMd~ na ~
n~+t by ~ny IANc~ of +~w ~vuitl? in s~w o1 thi CoN~1aM ~s eh~ Priorwrittin.oom~nt W tM en+lc. a: (i) tM.+NiM~
i
TM 8ank rNW htw. but ~IWI ~oe b~ limitrd ep, flw toNowiey riOhe~. ~ of wAkh m~y _M ~nr~d at an1? time wh~dw? a not ehi~ Now i~ dw: lil to
a~di~ a trMrla tlN~ Nots vd ehs CoH~arM ~nd tM B~nk NrN ~AM«~pon M nii~d of sN duWt and n4onW~iNtia hnwenda ind pli~~r~d han an~? ard aH
~iabi~ittr wid? ~p~at to an1? Coll~rM a pi~d a u~rtfd. ~nd a+qr phdM~ or trandsn~ MMII fa ~II Wrtw~ ~and M tM P~ d d~t iM~lc hnwndw ied ~
haw W tM ri~hb of Mi ~k MrruaNr: lii) to a~nAar tM wlwb a an1? P~ d tlr Co14a?M M~to ~M n~aM ot iwN a ia nantn»; fial w+roM dw Catl~at:
Iiv1 ca no~N~? ~M Obltoon ot aiw Coflranl eo nib P~f?en~nt to eh~ 6~nle of nry ~rnwna dw or to boon» du~ ~~on: lrt to tlrnw~d. w~ ta. oolNet. a I
~ ~ ~~(~C~ a'~`s use~` ~er`e n means ~
ur~e~'Ree~ssoc'~a~e~s
; ~ZP°Ma
~~r° •~~~~as'~S''i°'~n°
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NOTICE: sEE ORHER StDE FOR IMPORTAMT IN~MATION BOOK' '(~1 i
Fo5 7S2 R~v. 7/71 ~ ' •
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