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, . INSTAILMENT PROMISSORY NOTE
TURTL~ aEEF ASSOCIAT~S, INC~ * ~a ~++ou~ta.aw«+ ~-.~84~~4Q
. . ~?NK ~?M ie? w«na~~, ~a c?w~~ none
Jensen 8pech, Floride .33457 u''~°"'b'in~r ~"r • ,
~c~ t~.oeunrn~.~ ~wro~ ~
c ~a~ oth.? a~ Uum~ul 1~~~
~ IEl ~ 1@
NoT~ No. bAtEb: June 20, ,~g 79 ~ one
Ju1y 1, 84 to~ ~~~",'i c~o,~
i 2893.00
OUE: .19_~ .
• IH) I~tKMt S ' ~
PLACE: , FIORIpA (1) C?~dlt IMOMtlprtlOn ~
~~I a~+.~ !""fiaR~'_
Fw vaiw.r~iwd. tM undKSqn~d Ih~ninsltK calNd "Mak~r"1lointly and s~vtralh Iif ~K)
rtwr~ thr~ on~1 promis~ to pty tb th! or f t 8~nk, at Its offip (ist~d abow. th~ 1~4 ""'~~f"~"--'
al P~ynNnb lirom INI a r1~F~tl ol boilMtphl~bl! le v~ ~ .
~ na~t~hr ~n~ts~~1~~f~~~t~ ot ~ • th~ tu~t ' IMI NIi~ANKt~gNAliblt ~ 969 OQ
UubUnNei dW ~ ' "'911St s ~ 19 . Mld t~?bMqUN1t (11lb11flMhb dW WI , ~ ~ , ~
IN1 tot~l ol M~rnrnU (tl ~ MI !
the 1s~.v o~ ~~th tMrNftK~to~tt~ with ~ FINAL BAILOON PAYMENI OF: q~NUAI I~pC~N1'Aal pAT~ • 1 x
a ou~ ~ ~
t1+~ ~~nk M~d~ ~nwwN ~ dNlnqwncy chsro~ wNntt th~ Mrkr? tJn s~w WYnt~IN whibtl hrt MeWtN.dIN rMd MIM11111 IM d~bUi4lbr ~ W?bd ~n ~scw o1 10
days 1n ~n ~mo~lnl Wwl tb ~1G of tM rnwunt oi the prlnelpal W?t o11h~ WV~++~++t in d~lwlt. (d dw w~n! dut Nu~ N~U b Mot Wlld In hdi ~t nrtuHt~r. ~II pay
n,enn. whfthw w~nc~l, int~r~st a othsrw?r.:lwll lfwr IntuNt at th~ nwln+uM I~yel ~~H ~Ibw~d UwN? 4!M bw1 o14h! dbu ef ~IaMY.1111 p~~rm~nta m~
hereunder sh~ll be tr~dit~d fiqF to int~ryt and tMn to principsl, howMr, in tM MiM~t of difM11t. t!N ~Illt 11My, MI Ib l01~ dllet~tlfM. Nlply Mty p~Yment to
~ntarest. W~nelp~l sndla Irw4ut ehar~, d+.e aovu.d. 1~ a eh. Inunewn of ehM wrtlb hkMo thrt thr prwrblaa M?rln ~ull ntit p~wrld~ dWetly a ~nd~neeW
tor th~ p~m~nt of ~~Ntk nt~ ot IntKat a th~ ntN+tbn of ~ntr othN thulN tF1~n M ~ililw~d b1? b1IM. lf. ftlf NIy ~MIOM, INlklN In ~~lN101 w~h Ip~l r~b w
a ehs.y~ prohiblt~d by fwv ~II at aMr tirrr be psid. arw weh ~~aa ~11 Nthp eon~tltuM MN! b~ W~lyd r1 ~ pwMNht tiM dN p?Inetpll w bM ntund~d ~rnetly ~
to tiN Mrk~?. ~ -
th~ M~k~?e~r p?~W~r th1lntlH uMWid bdlMeu tl11N~ IwM H~111MN. ii uw ~w~ a ar~+ ~M wn,
{etund o1 th~ un~un~d pation o1 tM Int~rNt and inw~anef pt~tnwml eompUMd by th~ Mut~ o11d'~ n+rlhnd~ ~:e1pt thtt !h~ Mu~~ ~lull p~ ~nt~tbd ~o nuin'
e minlnwm IntNNt dNr~ 11f
GqEbit LIFE ANb Cp~b~t LIPE OIQA~ILItY INSUqANCE AqE VtlLUN?AqY ANd Ndt MldUIMlb RC1M CMldlt. Aueh Inwtu+a eowrp~ 1~
e~sll~bi~ ~i tIN COIt dqlgh~Nd b~ItMA?1o? th! tltM ol tIM ~dlt: (~I = }w Crldlf LIl~ i~4t1?u~N Ibl ~
1or Cr~dit lih A Obability IMUrar~: ~
Cheek ? G~dit Life Insur~no~ is tNsind on tia lif~ of
api,i. - ~~~thd~a -
~ox ? Credit Lib A CIs~bIIItY ~~wrana b dNirni a1
tlDthdd~
C?edlt lil! andfw Oiwbillt~? Intura~x~! I! not dalnd.
oe~.~ June 20, 1919 awMtu?• t.--- ~~.z.r..,.~.,..-~-~ _
.t Les r ,,-~Han n , Jr. ~
,~tu?. ~ F . : -
As ~aturity fw th~ p~V~nt of ti+~ Nott th! Make~ her~by qr~ntt to tIN Bank ~ MCU rN M c~o~n,: ~i n Turtl e Reef
I Cnnd i; Recerird r~n (1 _[t, Rnnlc ~6 ; Aa~r~ ?_35' _ llnl t Week 37 1 n Gend _('.l~., ~
j APt ~ Nn C-3 ~ ae dae~ri h~d i newi d emrt~e~g ~ ~
~ mcludmp all intr~asa, wbftitutions, tlpla0ementt, additiOns snd ~ooessions thereto and in tM! proCeeds tMrwi (hN~insittr a11W "COllatlr~l"1. Thq f~wntY
~ ~ncerat sh~ll Nso l~wr~ sny othe~ ind~bt~dneq a It~bllity of tM M~ker to tM danlc dir~ct or indir~et, abtdut~ or eontlnplnt, dw a to b~eaM dw, now ex- (
~ ~sung w hKaitt~ arisieq, includiny all tuture ~dqno~~ or loant by the 8ar.k to tl+~ M~k~~. ~
~ The Bsnk i~ sbo piv~n,a lien snd s s~turity inttrKt in sll property and ~ecurities of tFN Miket, endor~r, wr~ty. ywr~nco. or scconxoodation p~rcy of Ma
~ No[e (hK~insfte~ nipr~d to ~s th~ "Obliport"1, now in a at ~ny ttme herealttr oominp into ths control, cuttody or ptxwst~on oi th~ B~nk, wFNtMr for da i:-
press~d purpoN oi b~inp wed by tM 8ank a Collat~?al. or for ~ny otMr purpoM. ~nd upon ~ny bdan~ or b~bnoM to tFN u~dlt of M+r aaoun». ineludinp
' t.u:e and ap~ney sceounts msintairnd withth~ 8snk by any of the Oblipors, and Nu Oblipon ~ynt to dNiver to tM Ba~k sdditionN Co1bb~N w mdu wd~
payrrwnq in nduetion of tM prineipsl amount of tM loan is fhsll b~ tstiffaetory to tht Bank, M ths erent NN sforNrNntion~d Collateral fAsll de~lin~ in wlue
o. becom~ u~stistscco.y to tM Bsak. .
Additions to, nductia» w~xdu~pn of, a wWtitutions for th~ Collat~rel, payrrNna on aocount ot thlf lo~n o~ inertpa of the prtr, w otha~ loans mad~
partially a v~Rwlly upon iM CotbtKil, m~y trom tirn~ to tier~ b~ msd~ without atf~cting the provittoris ot thb Nou. Tlu 9ink d+all exerc~ ~~on~bN care in t
~ne custody ~nd p?aavatioei ot the CollaeKel w t1N ~xtaN rquind by applicable statut~, and da11 bs d~~rt~ed to hav~ ~x~rei~d ruwn~bk an iI it ak~s a+M ~
act~On tOt t11it purpOte.~ MfkN fhall rqsOMWy rpWtt in wrlting, bul HO Om~fsiOn t0 do ~ny ~Ct rlot rptllsNd by Msk~? ~hait be dNm~d a lailun ~o ~xac~
~easonaW~ an. ~nd no omis~io~ to comply with sny nquat of IN~kN ~11 ot it~Nf be d~m~d e fellure to ~x~rcl~ nasonabl~ san. 8u+k sha11 no~ be bound io ~
take sny ftps MttssWy to pras~v~ sny rphq in dN CollatarN prinit pria p~ttN! ond Maklr rhNl take dl ~es~py tt~ tot wCh purpolN. the B~nk or ~ts i
nominN ne~d not eoll~ct intKKt on, a~ prtncip~l ot. ~nY Co~latasl or ~ an~ notla wtth n~p~et to It. i
Th~ B~nk rtry eontinu~ to hold ~ny CollatK~l dpait~d hKwndlr sft~r th~ paym~nt of Mls Not~, if at the tlrr» oi tM p~ymtnt and di~chary~ Mr~of any of {
th~ puti~t liabb Io? tM paYm~nt her~of ~Asll b~ tlwn dinetM or oontinqently IisbN to tM Bank u AA~k~r, ~ndw~er, wnty, qusr~nta or ~ocoemnodation p~rty ~
of sny otha noU, d?aft, bill oi ~x~a+of, w othN iratrum~nt, a oth~rwis~, ~ed the Bank msy thK~~ftK exKC1w NI ripltq with ryplCt t0 f~id Collatersl ~
yranad Mrsin wee thou~l~ tha Nott ~I11w bNn wntnd~nd to th~ IlMker.
If th~ 6ank dNe» itwli iru~ur~ a upon th~ hy~p~hlnr af ~r of th~ f~llowin~ wrntl.liid~ o~ whkh ~II eonttltut~ ~I d~lwlt. dl IISb111tIN~ of ueh Msk~r eo
~ c?+e 8ank, includlnd tht ~ntin ue~Wid princlp~l of thb Not~ and ~ocru~d Int~rut, INt rt1~r uhN?n~d InMrMt snd ~ny IntNNt IM s~ o} thi nNxlnwm altow~d
~ by taw ~nd any r~bsta nquind by law. ~I! iernWi~bly w th~r~afqr, st th~ optton of th~ ~anlc, ~xapt tl+at th~ oocurnnq o11e) a(dl ~hall eww ~utanat-
~ K acuN.ation; without notia a d~n~snd, O~eon» dw ant! p~yabl~: ld tM tailur~_ of sny Oblioo? ta p~?fam snlr oblip,cion, liabiiity w ds&n to th~ Bsinfc, to pay ~
~ ~ntere~t hK~on within 10dsys a1tK it is dw, or if tMr~ q r1o du~ dat~. ~it~r it is 4iIMd a odN~wbt rpuatted or durw~tl~d. or to p~y arn? ot1~K li~bility what- i
~ soeve. to tM Baek wh~n dw; lbl tM dwth of ury individud ablipor, th~ d"asolution of any ~s?tnet~hip Obltpa ar tf~e diaolution, ~r w oontolid~tbn with- ~
~ out tM Bank's prior writt~n tons~nt of ~ny eorpo/a!~ Oblipor; (ti tM tilirg of ~ p~tition U brnkruptay o? th~ aWudiqHon of infolwncy a bufkruptey ur~
any reo.pini:~tion, uran~rtrnt, ~adjusttntnt d d~bt, dissolution, liquid~tion a similu p?oa~dirp und~? arMr P~derN w saa sutut~, by w aqanst any
~ Ob~~por; Id) sn applieation fa tIN ~ppointnw?t ot ~ r~o~h~r la, or ih~ nrlcinp of a p~n~rd Ntipnmrnt for da btmfit of cnditors by, Oblya; tM ~nW ~
of ~udyn+~nt sp~irot ury Oblipa; (f) th~ itwirg o~ ahy ~tt~mN+t w y~rnahm~nt, a tM filinp of ~ny lien, a~imt any propKty ot sny OWpa:1~) tM ukaq ot
~ possasion of any lubstaniial psrt of th~ propKty bf ~ny Oblqor at th~ inttana of any ~aw~nnNntal ~uthaity: (h) tht d~t~rmiMtion by tht Ba~lc tMt ~ nr~a~-
a~ adwrs~ chsn/~ has aceu.nd in tM finahClil odndltlat o1 aiey OWqor from thi cwldltloM Nt fbrth IM tlli matt r~t?t fln~neW tUt~m~nt of ~ueh OWqa
~ t+er~toton furnblNd to tht 8ank, a ~rrNn th~ eondttion M wd~ Obllqo? r heretotork inwt neantly dtidoNd to tM 8snk, a that ~n~ wsn~nb, r~p.~nuuon,
cerUtkat~ a sut~nt o1 Cbl{~o? 1~ eeMWMd In thw NoH ur ++ot) Wrblhln0 to ar M ea+n~ctlo„ witM thi~ Nob a tl+~ loan wW~nad bv eh~ Nae
contaiM ~n untr~N fbtN1N~1 0l fM~tNt/I I~t 0f wNlb tb ltat~ 1n~iMIM 1~ct ~Y M Wdli tH 1tyk~ tIM lt~tlnNnts m~tN hot mitlNdiiq: w, li) tM mipn-
ment by any IiAslw of any ~quity In an~r o1 th~ Gllf~lNsl without th~ prbr w~itun caa~nt ot ths B~nk.
Th~ 8ank ~hall Aiw, but ~hs11 not b~ IimitM! to. fIN iWlowinp rqhu, ueh of whieh m~y b~ ~xaciwd ~t any tim~ wlwtM? o. no~ this Noa K dw: til ~o ~
pIW(N Ot tftfM~N t11M Nbb ~fld UN 0011lMfr) NI~ tIN rMll Mlfll dMtwpoM b~ rNN~d bf NI dutlN uid rMponflb111tMf IMrw~xMr and rNiw~d Man ~nY and a~i ~
lisbillty wlth rMp~et to an~l CoflalNal q PI«lpnd W ttlntfMnd, ~nd ~ny pNd~N or uaMhtM ~h~tl fOr dl pYrdOM! ftMW In th! pl~w o~ tlw 8~nk hKwndK ~nd j
haw all th~ rlyhb ol th! !!~k hE?WIWN:1111 to thAlhr MN whoN or iny put o1 dM Coll~t~r~l Mto th~ n~rN o1 twtt or ib nanlnN: (iii) t0 vot~ ttN Co1bWs1: ~
livl co notify Ua Oblqwt of ~ny Collataal to nMk~ Wynw+t to th~ B~nk oi my amouMS dw or to bconN dw dwnon: !v) ~o d~nd. ~w tor, eolNec. or
~ msk~ any ocr~; ~ Mttl~nt 't ~n~ dair~bw wiM f~r to~ ~~SSOCls~eS
~ lfl . d11 ~Ol" 7 LS ~8551 no~ds ot Collatas~. ~
~INK as use~ t~eret n means ~ur~e ee 9
NOTICE: SEE OTHEN SIDE fOR IMPORTANY INFORINATION ~~p S
~.s ~s: n.~. ~m 8Q0!( P~GE ~?I~O '
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