HomeMy WebLinkAbout0462 . . . , r
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iNSTA~t~IENT PR4Ml&~OAX N~fE ~ . ~
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. TURTL~ REEF ASSQCIATES, INC. * - tw! Anw~~~ A.a~ws s~~~•~ .
. ~ . . ~u a«~ a~an ~ none ;
_ Jensen 8ea~ch, ~lorida 33457 . ua~o~n,r M.. t
. ta ooarn»nar,? 8amw a~~
FF ~ 10~ oa~«,aw~ iiam~.s t none
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No~ No. o~TEa Mov. 263 ,~v . ~p nonie
. = . ~a ~ ~~a 64b2.00 : .
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PLACE: ~ . RLORIDA (11 ~dit In~ti~tion . _ '
fo? vNw e~qiwrdl.UN.w~dKMY~wd lhN~ftN ea1Nd "QAdw"1 ianay snd MY~?NIY lit ~1 ~ =M~~~~
~!l:aM) womi~ to.olY.ca tMo.~d~ y~~~~ iq ott~a li:ad ~bowstM.T~ W ~ - ;
o~ hrm~nel Itro~n IN! ~t rqAtl ot i1~tZ~$. W - p~ W1?~bM 1d~
lMl FINA~ q1AR0$
.a+~ ~rw~d~h? i~eae++.~,a ot s s..4 ; , , eti. t~ ~H. ~t s 3786, 00
~rnw dw on ~>>n. 6 tf_..~ aM wbww~nt ~wima±a.dus-ow=~_. ~NI Toa1 a P~yena~ts tti ~ M1
cn. ~~r o~ ~~a+ u~tat;o~th~ wid~ 1 FI~IAL ~ALI~IH
Pl1YMENT OF: l1~MIUAL'ERCENTAOE. RATt~' . 1i -
! r~~~~~?w~ ? s ~w~,.
i . ~ ~ ~ , ••1~4,r.~~ : ~ ~ f . . .
~ . _ . _
. . . _ . . ' . - . ~ . . ~ ~ . . . . . . . _ ~ t.
TM Brnlc tAaN NrooM a ewinqw++c1? diarY~ +o~Mnt.tl~ Malc~r or~ ~+w wv~e wt~kh h~t b~oon~ dw and tM~Mit ~n d~1wh la. i pKbd in ~eo1r a~,~0 .
d+vs in in ~enouet ~ni to 5% of !M ~+wunt 61 tM PrNKipM Wirc bf tM P~Y~t in dMault. !n tM ~t dat tht NoM b not pNd.i~ hlfl at nrtwitY. ~tl"y~y- '
~ernn. w1NtMr P~+neiPs~. MtiKwt a oth~wiN, slMll b~ iaa?at it 1M nwxMnua~ I~1 nb slbw~l wid~r 11N luw~ of !M 8t~e oi Plorid~. AN ppn~na ~M
Mrwnd~r ~I+aN b~ t~atl tirtt to int~rwi ~nd th~n ~o PrinaPM. ho~wawr. in tiN w~nt of dNault. th~ B~nlc b ib tol~ di~tion.. ~PWY ~Y W~+~~
~nta~st. P?i~eiW1 aedlor 4wtu1 d~tryM tMn soau~d. il.I~ dN ~1t~ntion of tfr p~?tf~t Iwn1o thst tM Wo~N~M rhM! eot p?ovidR dinttw or b~dhCNy
fw tht W1?m~nt ot a~rMt~t rat~ of int~t or tM rttMtbn ot snY oii~M dar0~ t~Mn i~ MbwW b1? law.11. loi_M~Y ~won. lnter~tt M~xoat ot ~ueh NNI rm a
+~~Y~ tiY hw ~Il st an11 Eim~ b~ PNd. anf? wd~ Rxop~ ~11 Ntha oaaeicut~ ~nd b~ t~»Nd a~ ~ PN?mM~ton th~ p?1ne~ON a bf ntundrd dk~reh
to th~ MNc~r: " _ ` _ -
'ftu =1*kK i++w PrM~1? ttie ~ntir~ ~eP«d b~lsno~ 01 tM loan at ~w tiirN. (t the lan it pr~qld M bN, soal~rat~d or rrl4+eaord. tM AA~IcK tl+ri r~qive a~
retund of th~ wwarmd ponion of th~ int~ntt snd i~+r~np pr~ compuqd bY t!~ Rul~ of ~8't nNtAod, ~xapt d~ac tM 8ank ~tl b~ ~ntiN~d to ntsk~
a mini~num iet~rwi Chs~~t of ~.00. -
CAEOlT UF.E AND CREDIT LIFE A~ OISABILITY II~URANCE ARE VOIUNTMY AN0 NOT REQtJIRED fOR CREDit. Su~h ieau is ~
avsilaW~ st t!w ~at dKipnst~d below for d~e tKm ot tM cr~dit: la) = tor Cndjt Ub Intut~ (b1= .
for C~~dit Ljb a OitaWtity Imu~~iq: ~ . '
Ch~tlc Gndit tiif Irow~no~ is dKind on tM IiN of ~
{?ppl• . . Bl.thd~t~ -
aox ~ a.aie iit. a Dis~bitity ~rounna n cM«nd w+ ~ '
~ 8irthda
~ G~dit lif~ snd/pr Oisibillty ~rqwanes is not dpir~d. ~ ~
Nov~er 2~,_1978 ~ . .
Datr-- - - - - - Si~stuh
~ -
~
5i0is~tun .
a acwiey ra th. r~»v~ o~ tn. Not. tn.iwaa n.rwy p~a eo en. •«w?~ na.at M d~. ra~ow~ aoo,r . q u e ~e
d P a 2002 . Uni t I~eeks ~9 an n n.
D-8. Aot. No. D-8 as d~scribed i~ said ~artaage.. ' ~
~nciudirg all inerMNt, wbstitutiw~s, nP{~mett, additions Mtd soastions ther~to snd in dN procNd~ thK~ot (MrtiMiMr qihd "Co11~1~rM"1.1'hb aeurity : t
imer~st d~l! ala aew~ +rw odNr in~Mbtrdn~ nr liability ot tM Msk~c to tM B~nic dinef a indihet. ab~olua a eonciny~nt, dw a to b~ea»~ dw. now ~x-
~ istinq a hpNitM iritinp, ineludinp Nl lutun ~drM~CM p(oa~s by NM BM?k to tM M~k~r.
t
~ Tl+t 8ank i~ Wo Yivrn s lia~ a~d a~eurity iot~?qt in W prop~ty and tecu~itia of the M~I~r. ~ndont~. ~unh~. Yu~ranta o~ sccarwnod~tion W?tY of thb
; Not~ (ha~iewfw rNe~nd ta as t!~ "Oblipor~'1. now in a u any tinr MnsftN oomi+~Y into da eanrol. autcdl? or Po~tpsion ot tM Bank, wMtMr (w tM tx-
a?~d OwP~M d baM u~d b1? tM 8ank as Collsaal, or fa s~w otlMr ou~Da~, sna upon aw babna w bN~na~ to tlr ondic ot anlr ~oeounq. indudiiw
trust and a~n~y saounp m~inqin~d witheM 6ank by any of Nw.ObliOors. ~nd du Oblipas prM to dNi~ to tM Bsnk additionN Colbtasl w: mMct wd~
PsYnNnn in ?~duetion oE tM P~iAaW~ s+nount d th~ IoM+ at d+dl b~ atisfactwU to the Bsdc, in tM rwnt che afonnyntiaNd Collabnl sfi~il d~diro in vMw
w baoitr unqtidatto~/ to dN Bink.
Addition~ to, r~tio~q a~xch~ ot. or arbaitution~ for cM Collsard. pwrtrnts on socouot ot d?a loan o. iner~s of th~ anM. o~ otl~ loan~ mad~
Pa~tialh? ar whWh upa? tIN Coiltt~rai, mry fran tirn~ to tim~ b~ n~ without ~ff~ctirq tMprwbioA~ M thi~ Not~. TiN 6~nk~hM1 ~x~?cat naontbb q?t in
~he aqtOdy and prpav~tion Of tM Co11~tM~1 to tM ~~N1t nquir~d bY ~iesbM statut~, snd ~MN b~ d~M~Nd to Aw~ ~cM~cii~d rNlonrbM an if k t~kM a~+d~
auion fe~ dat pwpow st 1M~iw ~laN r~o~Wy rpw~t in writiiq, but no onN~sion to do any act not r~quaad by M~kK ~hall b dwmrd a~Nun [o ~x~rci~
~eswrwbN an, and no omi~ion to oomply with any rpwst of Mdar ~11 ot iaNf b~ d~snrd a i~ilun ta ~x~rci~t rtNOn~bb can_ 8ar~ic-~Mill not b~ Dow+d w
iak~ ~nY u~ps moa~w io ora~rv~ .ny rpha ~ dw Cowurd +o.in+t prior a+r~ia and ~Aa~ca n~c~ N~ rwaary ~p tor ad+ pwaoM4 Th~ s«+ic w~a
nominM +wd rat eo11~M int~ntt oa, or a P?ineipd oi. anY Co11aLKS1 or aw anv notica with aip~ct to it. ,
7!N Sank nMY oontiiNN to Aoid ~ny CoU~N d~polibd MnwtdN' dta thi WYnMnt of this NOM. if at tM tin~ of th~ WYrrrnt and di~y~ Mnof ~nY of
th~ p~niM fiabl~ for N+~ psymrnt Mnof ~Iwll b~ tlNn dinctly a aonti~ndy Iwbb to t1~ Banlc s~ M~Ic~~. ~ndain, wntY. ~u~r~ntor or ~ocanrrwdnion vs~h?
ot any Otha noq, dnft. bill o~ ~xd+~, or otlw itiaunrnl, ar odwrwiM. and th~ Bank nwY d»?MftK ~x~reiw a11 ri~a wi~i+ ryp~et to s~id Collanrsl _
grant~d h~nin w~+ d~ouoh thb Noi~ Mall hsw b~M~ w~rM~d~nd to tM Illbbr.
If [h~ 8snk dMnr i~alf inaarn a upon tM happ~nirM oi any of tlr followino ~wnu. pd~ of whid~ ~hNl oonaiwt~ a ditault. Ml li~bili[ia of Mch M~k~r ~o
tne Bank. inefudino Me ~ntin unp~id pinetpd ot thb Noa snd aocrwd inmat. las any unarn~d inlK~t ~nd an~r intantt in ~zoa~ of tM m~xinwm Nbw~d
bv Iwv ~nd an~r nwwus ~wind by law, ~ASII i~aly o? dNnNa?. ~t da ovtion of ~M 8«ik. acowt tfist tM oaurnna ot k) or (d! fi~l1 esu~ ~utam~t-
~ ic +oeN~ntioa: raMort notiq or d~mMid. b~oonN du~ and p~y~bfe: (~I tM tailun ot ~ny Obli/or to p~rforni any obllMtion. ~i~bility or efwn W tlw Brnk. to p~y
intsrMt hMron wiMh1 1~d~yt Nqr it b d~M, ot M tlNh fs no d1N d~t~. NtM h is bi1Md Ot olhKwiM rpwtt~d or dMt?~e~d~d, a to WY M~Y otha lirbility wl~t=
~ sosve. to dw Bank wlNn dw: (b) tM dw~h of +~w indiriduM Oblloa, ttN diwolutbn ot antr o+n~~hip Oblf~or a dr di~wlution. err~?a? oonwlid~c~on wieh-
out tM 8~nic's pria writtM+ eawnt of ~ny eorporsM G41ipa: (e! th~ filin/ M a Mtition in b~nkwp~y. or tM a~u~ion of irwolwN~cY w b~nknipltY u~d~. ~
~ a^Y no?Mni:ation, arr~M. rNdj~pm+M+t of d~bt. di~olution. ~fouid~tion a ~irnitw P~oardin0 ~w~d~? an1? F~d~rsi o~ saa nnua. b1? a~imt arw
Obliqpr: id) ~n aPP~iption for tM appoilwMnt of ~ no~a f0?. w tM nplcinY of ~~t~d a~i~nnrnt fa~ iM bMMfR of enditon bf?. an1? ObI10a:1~} iM M~M
of l~~ ~in~t M~Y Oblioor: lf! tM iMUGp d rnll ~tqohnrt~t w~nirFNt~nt, or.tM fpit» of MN IiN~. ~kKt anf? Prq~Y oi ~Y Oblipr: (/1 tM tdtiip ot
possa~ion of anY wbsantial P~rt ot tM P?aP~?~Y ~ s~Y at ehs imt~na oi ~n1? ~o~rn~w+W authorit~?: lh) tM dn~nnirntion by elN ~aNc qwt ~ nwwi.
at advwu d~snw Iw oodrrnd in thi fin~ncid oondition b? t~ll~or fran t1w oonditio~ Mt fbrtl~ M t!N mat rwnt ti~ru.iM wwnwn of ~~oh Obti~o? .
?,ernofori turni~Md to eM Rsnk, or hom qw eoadit~ o~i ~ti~or a~ h~ntofon mo~t nantfy diodoNd a tM sank, a tlwc ~ny wKrr~ty. r~~nae~a+.
ce?titiaa or ~taam~nt M anr Obti~o? iMANthw oonWnd N fhi~ Not~ or not) wrt~bNeO to w ia ooiwMeiion wit(i th» l~oq a tM Io~n wid~~ead bv ehi~ Noa
contain~ an untru~ staarna?t of rn~»riN 1~et w omiq to ~tab nrMrid f~ot n~e~MN in orda to nrlc~ dM ftsenNnts n~ ~wt mulNdiiq; a, (i) tM aNiM~-
rr»nc b1? ~f? ~w? ~~Y ~b ~ a~M? ot tly Coi1~E~n1 widiout eheprbr rKit~n oo~ant M tt~:8r~k.
TIN 6rnk dnil Mv~, but dNil not b~ lin+fad eo. th~ followino ~i~tt, pd~ of whid~ nNY bL~eiMd ~t a+W tMr wh~thp a not thb NoM i~ d~w: (i) w
P~~dY~ a t?~ne[w tAi~ Nob and tiM Co11~t~rN and 1M d~nlc MNII dNrM~pon b~ rMMwd of aN dud~t ~nd npon~WlhNs AMwncNr ~nd rMie+~d han MM and aN
~iabilHtr whh n~p~et to aiw Coitsan! a pl~~d a trMiMsr?~. and any pbdNlt a t?~ NyN ta a11 p~rpoMt ~and tn tlN pya ot ths Wnk h~nundr? and
hwr aN tlw rtohb of tM dank huwndK: lii) to /nnd~ tM w1aN a am? P~ d th~ CoN~brr Mefo dw mnr of it~l! o. in rwniinM: INi} to voM tlN Co1Nar~1:
1 iv) w nai(Y tM Oblioort M+iw ColaurN to niYu Oq~n~nc to tl~ Bank M any amouna dw w to b~oorrM due dw~o+r, (v} ~o dwr»rd. ~w ta, oolMet. a
rrrkt a~w oo+~l~nK~ dS~Q It@1"Q tl Nl@a11S UT PL18~~ ~
O~C~B~,S ~ lnC. a110~T"~~S 85~51~ S. of CoN~an1.
; ifA N1
NOTICE: aEE OTHER StDE FOR IMVORTANT INFQRMATION aOOK PA~- ~
FSS 752 Rnv. 7/77 I
~~'"'~+~~,~~:a-v~'~tx»~` _ - .