HomeMy WebLinkAbout0502 - : ~ . . . . , , , . _ . - ~ = -.a.. a,~.:en. ~,V%^ _r.=~it~ .tR'~g ~ . ~ < ,;v ` e, . , ~ 7~.. , ~ , _ . ' , . -
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. . ~ ~ - INSTAL4MENT PROMj$~ORY NOT~- . .:.-i ~ ~ ~
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TURTLE REEF ASS4~IATE~, INC: * - w~oun~ A~~•oN~
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J~ensen 8each, ~iorida~ 33487 : - u~.~a~~r r~.. _ ~
* . IG Oo~ouemntary in~p~ i ~@ ~ -
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Fo? wtw hc~iwd. tl~ uMKtip~Hd lMr~iMftK•a1Nd "N4~cr"1 ianM? ~nd ~NY lii : lK~ . ~ .
n+o?~ tl»n.4~ O~oR'as~ to 0~Y t41h~ it its oflia lisqd ab~. dN;To
o~ ~a 1~~ lN1 n~? a~~~ t~otan ar.bt. ~ "~~O {U
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~nttMln~nt dui~~t• ~ .19 i~d ~ubMpwnt i~ttNln~ts tlu~ oe ,
- ~ IN! YoW of e+arts fG; Ml _
~ bN,~,~ a.~~A1011~1 ~f~}~t~o~d~ w~N ~ F~l~AL ~11~~r00~„PAY~M~,~NrT~QF:; ANMUAL~rERCENTAti~ ~RATE~ %
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= DUE. : =-;14- . _ . _ . .
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TM 9~nk M~Nt 4rpow ~ dMinve~lt d~~ +O~t tF~ MN~ an +iw pwnMnt M~hkh. I+~ b~oom~ du~ aid n~r M d~taylt b! a PMbd In ~xaN d~ ;
d~yt M an amoYnt p~+~l w 6X of th~ wno~nt ot th~ Pr~PS~ OMt ot th~ pMrm~?t iR dNM+tt. !n tM rwnl d~t tM Not~ a eOt p~id in tuil ~t n»twitY. M~~ '
mena. vN~t~. vrinciprl, ina~c or othKVVi~. sAW twr inan~e B ehi nwctnwm ipd tia ~Itow~d w~d~. M~ 1~ of ehr 8e~ M Flotid~. AH paynNna
~wndM fhW 0~ ard~aa fi~ w Man~ ~nd tMn to P?i~ci0~1. haww?. M d~i ~+t ot /Mhult. dM ~nlc m~1?j in its bN di~ntiori. ~OMN ~Y W1?~n~nt (t~ .
intK~ss. principsf ~nd/a lawfvl d~x9a d~a? aarwd. it ~ th~ ieantion ol tM prtin h~nto th~t tM praridons h~nin ~il not provid~ dinctly a indihctf~r
tor -tM ptyrt~t of s prNt~? nU ~ MwMt or iM ~tMtion of M?y othN qwq~ M~n it aNo~i~id b~l I~w. If, fa ~n~? nMOn. tmM~tt M ixp~ ot wch IpM n~1t or
~~Y~ O~ohibiad bY Isw slnll at aey t~ b~ PNd. a~1l~~h ~zaN 11yN ~ithK o0n~hwt~ ~d b aaU1d a~ ~ p~ynw~t oe tM M~bN or br rNued~d dir~rdy
co t1M IVA~Ica. ~ _ , -
TM M~k~. rrwll OnPM? tM ~nti?~ wips~d bvano~ ot tM bn? ~t +nV t~. II iM lo~n i~ prp~id M fuN. aoo~Nnt~d or ~rfin~no~d, eh~ IMNur q~Nl r~ai» a:
relund of ~M ~n~ntid pwtion of tM inq~at and imw~nn pr~niurtK ear~fuqd by: ch~ RuN of 78': nrthod. sxcrpt th~e t)w 8ank ~hM1 b~ ~ntitl~d to nain
s minimum intNpt.d1*rOf N
CREDIT LIFE AND CR~piT LFfE ~ dISA91LtTY IN$tiRANCE ARE VOLUNTARY AN~ NOT REDUIREO FOR CREOIT. Su~h imuwnq.boNra~ ~
avsiiabt~ ~t ilw oott d~~ntt~d bNoMr for tM tum of tM rndit: (s1= for Cndit liit liauanp (W s _ -
tor Cndit Lih a Oipbiliq InWrN~q: . .
CMck ? GWk f~ Inwano~ is daind m 1M lih of '
MW . a~.~a .
Box ?(~idit l.ifs 8 O~ta6~lity le~sun+~ it daired on ' . . _
hds
~ Cndit lile and/a.0issbility Inswane~ i~ not d~sind.
oan: Sept. 10, .1978 s.
~.t~~
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' S1~nitYR
~••~a ~o. a+. wrR»++t ~ ~n. Nou ~n. n.~.a? ~.«+a ~ a~. e~. ~ w~.?a: 1~ Turtle R~ef
Cond. I_ Reeer~d nn a-- R- Bmtc Pllg~ 2M~- Ilnt~ Yw1rc 7A ~n~ d~ iR Cor~d. D-26.
As~t. !!o. lI-26 a: descrfbed'1n said ~aert~~e
~~a,aNw y~ ~....is, w~t~n,c~ons. ~.an~~. aean~ ~a .oo.«~. ~n..no s~a ~o n+. aoo..d. ~.or tn...~.em cs~aa ••caaa?.~~~~. Tn~ ~.w.~~
.eo.
i~tenst ihNi also pCUr! sny othK ind~M~dnp~ o? li~bility M dit MtkM to dN 6aek dirACt or indinet. ~b~olua or con~irp~ni, dw or co b~eoms dw. now ac- -
I istieg a hi[N(tK srisi~g. inekidiiq ~M futu~s sdvr~ or losns b~r th~ 9ank to tht M~ker.
TM BM+Ic i~ slw oiwn s li~n and s aauit~r intMtt in a11 O~~h? and secu~ici~s of tM IMMcer, ~ndo~sa; wntY. 4wnnca or acconrnod~tion P~~1? of d+is
Noa lA~nin~far ntKnd to s~ tM "Obliaas"i. now in a at any tFme l~afur oomi~p in[o ~M eoncrol. owtodv a Pa~a~~ oi eM Stnlc, wMtMr for tM sn-
o•a~.a owao.. of b.uw ww er u~. eank a caa~..N. or tor «w oM.? on~oo... ana upon sn~r bN«~o. o. a4noa to n,. endit of «w .ooouna. inauauw
trust ~nd ~ney ~qeouna ierinWnM with tM Bsnk by sry of th~ OtiliOort. and tM Oblipon a¢M to dMiwr to tA~ 8ank additia~M Co11~tKN a mMa weh
P~Ym~ntt in nduetion ot eht 0?ineiPM anwutK of th~ Iwn as shMl b~ satitfsttory to tM B~nlc, in tM ~wnt tM ~torNn~ntiaMd Collat~ni ~hMl d~dins in wlu~
o? b~tom~ ~n~ati~factall •to th~ B~nk. ~ -
Additfoia to, nductions or txd~snMs ot, a. f~+btcitutiaa (or tM Collaaral, wNm~na on aaount ot thit Iosn w iner~NS ot dM artN: w od+w tom rnrd~
~ partisUy ar wholhl u~xx~ tht Cotlattral. nwY from~tia~t to tinr M rerdt wiMout affkiino iM provirfo+u of thit Not~. TM Dank ~ha11 ~xaeir nponabN esn in
~ ~M aatod~r and p~rwtion of tM Co~yri?a1 to th~ ~xant nq~nd bY ~PP~~ wtua. and paH b~ dMemd to hw~ pcari~d naon~bl~ ah it h tMea wKh
xtion tw qs~t purpow p Wla? ~hdl r~on~bly rpW~t M w?itinp, but no ami~ion to do ~ny ~ct not nquuad by Msk~r dw116~ dwnyd ~ failun w~,arciN
r~uon~bN an. ~nd o0 ona~eion to eanplY with ~ny rp~NSt of M~kK ~Aa1~i iwN b~ dw+r~sd s failun to ~xerciM r~pornbl~ can.. g~nk ~hatl not b~ bowd to
tak~ an~? =aps n~aptrrl? te DrMMVr riOkq in tM ColbtKal spHrut pria pertia and MakK ~11 nk~ sll n~oaruy sbps tor wch purpo~. T!y 6ank a its
nominN nMd not oolMet inar~tt Qn. ~r i Prir+aPd of, seY Collaaral a 0~ snY notloa wid~ n~et to iL -
Th~ Ban1c +wy oontimre to hold ~ny CoIN~M dpwiad hwrw~da afta th~ psymwn of iha Not~, if st th~ tim~ of dy paynwn r~d di~eharp~ hrrof ~ny ot
tM prti« Ii~bN tor dr p~yieNAt Mrrof ~i1 b~ th~n d'i?~cd1? a ooetkg~ntly IisbN to th~ 9aNc a~ ~ANctr, tndorw. sunty. 9~»rsntor or ~owmmo~htion p~y
~~MI odw' rwa. drN~, bi11 d~~rdwp~, or otM? imtrueMnt, or othKwiN, and th~ BrNc m~y d+~ttK exaar ~II .pha with r«p~ct to aid CoNatasi
snne~d haNn w~? thaqh tha Nou dwp hww bMn iwr~nd~r~d to tM IN~icK. - .
If tM 8ank d~nro itfNf inNCUr~ a upon fiN h~pp~rdiq af an1? of t1WflMlowino ~nn, ach of whieh ~hall ea~scitut~ a d~twlt. all Ii~Wliti~ of Neh M~k~r ~o
th~ B~rdc. indudlry tM ~ntin te~id O~inciO~M of d~it 11Wii and ~oCrwO~inunst, lw snY urMrrNd intK~t and ~ny intmst in fxas~ ot tiN m~cinwm Mbrwd
btr bw and anb nb~a~ rwvind bv IwM. ~N Inrn~dwly or tlNrwf~r. ~t th~ eotion of tM 6adc. ~xpot d?as tM ooewr~ ot k) a(~ thaN es~ws auto~n~t-
;e aae~bration: wiMoet notioa or d~nwd. b~ooen~du~ and psyablr. (d ehs failun ot ~ew OWi~or ~o PM'~orm aw.oWi~Non. labilitl? a daiin to Mr d~nlc, tc ow
~ int~n~t Mr~on within 1~dMrs ~h~r h n du~. a N thM~ it no dw aatl. aftN h is bill~d Or oth~wiM nqu~t~d or dMrwid~d. or to P~Y ~uY othM 1»bilih? wlNi-
~ soerw eo dr S~nk wlyn dw: (b) dw dMd~ ot an~r tiwlridwl OWi~o?. ti~ diNOh,tia+ d a~w vr~~~P Ob~iqor a dw di~olutbn. mer~a or oon.oled~cbn wid~-
out tM B~nk's Prb? writt~n oawnY d ~ny eo.paatr Obfqo?: (o) tM filkq of s p~tition in b~nk~Yptq? w da tdudiation ot imolMney p b~nkruptey und~r
~^Y fa~riis~tibn. a.n~pMnMt, r~j~qq~w~t d d~bt. diaalution, liqyid~tion a si~nNM Oroaali~q uedM Np? F~daN or sqa statuc~. bY or aPimt «M?
~ Oblqw: (d). ~n appliacion ta th~ ~oV~t ot ~+~aiwr ta. a tM n~kino M a O~+M a~ewrNnt for tM b~1it of u~ditors b1~. aiW Oblipr: (d.eM ~nW
o~ i~~ ~iei~c an~l Obli4or: (fl sM iMUMq M+rw ~etad~nt a~n4hnNnt, a t!w filin~ ot sn~r liwi. a~i~ut ~eN a?ov~?4? af +rw OWi~a: (~l a+~ WeinO ot
PossMSioe of sny wrbst~ntlN P~?~ of tM propKty Of ~~11 Oblpor at tfw Mttanot of M~Y ~w~~e~rttN wworittl: (hl d» d~dl~mirrtio~ bY tM OMk el?at ~ nwMri- 1
& a~ ~dwne ehan~ h~s ooa~~d in tl+~ f~SnciN oonditlow of ~nY OWNo? fran tM corditions ~K ford~ in fM mo~t no~nt fin~iM tts~t o/ ~ueh Ob1ip~
her~tola~ futniM»d t0 tl~ 6~+h. o? fran tM ootditbn M~+d~ ObUOo? at hrr~tofora nw~t noMtly dhdoMd !o the dank, a M~t ~nY wwrsntY. nP?MM~e~ion. ~
urrifiat~ a fnanMAt of +~w Ob1i0o~ (wMdw oontwrd in thM Noa a not) o~no to o~ in aonn~etion wid~ thk NoM a tM lo~n svidN~ad b~? ehi~ Noa ,
conuin~ an unuw ~taarna~t ot nyariN faet a omia eo saa m~1a1 faee MeaWry in o.ee to m~k~ tM staswrnnu m~d~ nw miNMdi~; or. (a eM ++~iln-
rtw~t b'It ant/ Ablw oR ~nY p~ritl? in sM? of 1M Co1btNM wid~out eM prior w?hqn eo~t 01 Me drnk. :
TM @~nk ~h~N h~M. but MNI nOt b~ IimiUd tO, th~ folkrwirq ri~1s. NCA of wAich nvf? b~ ao~reiMd at ant? tiirr wlNtlNr or not tbia No1r M dw: (i) ~
PbdN a uarrir dNs Moq and tM Co11nwN and tM aM~lc ~MN d~warpon b~ rNi~Md d~ duWt an~f rMpom~ilkiu Mrwnd~r a~d rMhnd hoiu Mh? ~nd atl
i iabitity wid+ ra~P~et to a~? Co11atKM ~o pNd~d o? e?aMf~nnd. ~nd ~n~r pl~t or uan~hn~ ~N for a110~aP~ sand in tM pwa d 1M ~nlc h~rwrdv rnd I
hav~ aif tM ri4ha of tM Ban1c hKwnd~r: tiq to n~fK ehe whoM a+nY 1~rt of th~ CoN~ral tMn~tM rwae ~ ia~tE a ip fiill to ro» tIw Coll~arsl:
r,?~ ~o ~ow,? ~n. oafoat o1 ~n1? CWbt~nl to n+Nc~ OMm~nt to tM 9dc anarens dw a to b~oarM Cw dMeron; a~t ~o ~,~a. e~u.a, a-
~ ~ `~~htK~ a'~`s`~use~` ?ere~ans u~
r~e~'Re ~s''~''so'c~a~es
;;`~n . an ~r°O~'~s ass~i~r~°
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NOTICE: SEE OTHER StOE f~1 IMPORTANT INFOiiMAT10N ~~OK1~~ '~E-:4
Fes ~s: R.v. ~r~
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