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~ INSTAILMENT PROMISSORY NOTE
TURTLE RE~F ASSOCIATES, INC. * ~N ~~,~,,.d ~ 6,544.00
NK NAME 1e~ ~ ~a none .
Jensen 6each, Florlda 33457 ~~~'~03a~~"" _
~ct oo~~?n.r s~.~. s none
ORFIC AO~RESS . • (O) OMM Chuy~t (itNnu~1 s none
none
NOTE NO. OATEO: aPri 1 2 ,1979. . ~F~ = none
uuE: Apri l 16 , t9 89 , ~c~ A~~ F~.a ~ 6 544. l
tA, 8, C, D. E, F) _ •
IH) letaut = ~
(1) Cndit Inw~tig~tion = t .
PIACE: . FLORIDA u) OtMr
Fw wlw r~qiwd. tM undKSip»d (1~iealtK nlNd "N4k~.") lointly ~nd sw~?Mly (ff (K) i
mor~ tMo on~) p?omis~ co p~y eo tM M tM e ia o(fia laad .vow, ths ToW
of P~ymtnt~ (/rari IN) ~t ripht) of ~li Ooltxt Dw~bl~ in 12~ (l) i
IMI fINANCE CHAROE 4 725 20
~~eni,? ~~,.~im.+~t 93 91 . ~n. rm tH, i. K. u
~nst~ dw on .19_. ~nd wb~N~t insW Irmnts dw on s •
(N) Toa~ oi Paym~na (c3 + MI t
cn~ ~y ot ~~onth_ehKi~h~.~to~edM? with a FINA~
BAt~~00N vAYMENT oF: ANNUAL PERCENTAOE RATE '
S DUE .19'
TM 8ink shdi impoM s dNinqwncy durq~ a~irat th~ IWIcK oo any p~ym~nt which hat b~oom~ dw ~nd nnyln~ M dNwlt /o? ~ pKiod in ~xpp pf 10
days io ~n amount pual to 5Xi of tM smount of tM principN psrt of th~ psY~t in dNsult. In tM went that th~ Nob b not paid in full ~t m~tturity, NI pay- • ~
mentt, wMthsr principsl, intK~st or i~tl+wwiN, thall bw intKat at tM m~ximum Ip~i r~o~ albw~t! und~r tAs I~wt of tM Staq of Flwid~. All p~ym~nq mstb
herweder fMll b~ cndtad tirst to intK~q and thM to principM. how~vN. in th~ w~nt of d~fault, tM BaMc m~y~ io ib tol~ ditention. apply anY payment to ~
+nterest, principal and/w Iwvful charp~s thM seuwd. Ic i~ tM int~ntion of th~ parti~s her~to that tM txovaio~s f?Kein dw11 not provid~ d'u~etly or indinetly
tor tIN WymMt of ~ qrptK qt~ ot int~rat or th~ rst~ntion of sey otAtr cAarps than i~ Nbw~d by Isw. if. fw ~ny rMSw~, i~tKat in ~xpa of ~uch IpN ~m w S
a chs~ye p.ohibit~d Dv ~~w shN~ at any tirrn b~ wid. smr wd+ ~xa~t sAa1~ ~itM. eon:titua ~nd b~ enand as s paym~nt on eM P~tneipN or b~ niund~d dK~cW ~
to tht MNcp.
Tht MskK may pr~piY th~ ~ntwt u~psid balsne~ oi ths losn ~t sny tim~. Ii tM losn is pnptid in full, aoabrsted o. ~f in~eo~d, tl+~ 1~4kK sAsll r~piw a ~
reiuod ot tM un~srned portion of tM intenst and inwnnes premwms eanpund by tM Rub of 78'f mtthod, ~xapt dlst tM Bsnk shail D~ ~ntitl~d to r~Uin
a minimum intK~st d~uy~ of ~.~0.
CREDIT IIFE AND CREOIT LIfE 8 DiSABILITY INSURANCE ARE VOLUNTARY ANO NOT REtlU1RED FOR CREOIT. Such irounnoe cowray~ a
available at tM eost dniynsted below tor tM t~rm ol tM aedit: s tor G~dit Lite Inwrsnq (b) S ~
Ior G~dit Lit~ ~ Oisability Inwrsno~: . (
Chetk ? Gedit Life ItKUrance is desired on the lif~ of '
Appl, Birthdatt ~
eo,~ O c,~ad~c ure ~ oa~utv ~nwnnce ~s d~s~nd on
. ~
Birthdate
~ Credit Lite and/or Dis~bility Inwranp is not desired.
~a~e: Apl"11 2, 1979 Siynsture y~~~~is_~ l:
aRl .
Sgnsturo._~~ ~ ^ ~ '
As s~CUrity for the y t oi t tM ker snts k s r ~nter t' fdl ~ ~urt e Re
~C ~~S ~n~~ee~C`s"~~ an~ ~d''~in L'"or~d:°`~`~lr; ~'.-~~-"~zr°~[~' I'
recorded i n~. ft~. ' Boo ~~3, age I
escr n sa aartaaae. - - ~
~ncludirg sll incrNMS, suDStitutions, replsesrt~entt, sdditio~s snd accessiau thereto a~d in the prooeed: thereoi iMr~iMftt~ ca11W "Collaterd"1. TAis acurity
~ncerae thall also s~CUre sMl other ind~budnas or lisbility of che Msker to the Bank dinct w iedinct, sbtdua or continpsnt, dw a to b~tom~ dw, now tx-
i istin9 0~ hNpfter srising, includinp ~11 tutwe sdv~nut w lo~ns by the Bsnk to the IWktr_ i
~ TM Bank p ~Ito piv~n s lien and a Ncurity intsnst.in s11 p?op~rty snd seturititt of tAe M~ker, endorMr, wntY. 9usr~nto? or stcommodstion paty of this j
Nots (IwtiraftN rtfe.nd to s~ the "Obligon"i, now in or at sny tirr~ her~fi~~ comirg into tl~ coAtrd, cus~ody or possasio~ ot ch~ Bank, wMtMr for tfie ex- 3
pr~strd purpos~ of b~inp usad by th~ Bmk ss Co1btKM. or for ~ny oth~r purpos~, and upon any bat~nw or bslsnas to tM a~dic oi amr ~ocwints. ;neludi~g ~
! erust snd p~ncy aceounts rryintaie~d withtM B~nk by ~ny of tM Obliyon, sod the Obliyors spr~e to dsliw~ to th~ Bank addition~l Co1latKd or mNc~ wth
paymenn in nduetion oi tl+~ prineip~l smount ot th~ losn a~ ~h~ll bt s~tistactory to tl+t Bsnk, in the ~vent the afonmentioMd Collattrsl ~hall d~clin~ in vafw ~
or bltonw umitkfaCtory to tM Bsnk. '1
Additioe~ to, nductions w exchsnpes of, or wbstitutions fw the Collsteral. psymtnts on scoount of tAy losn or incnaes of thrs~m~. or oth~. lwns mad~
~ partislly or wholty upon tht ColNt~rN, mty trom tim~ to time b~ rt~sde without sffecting the provisions of this Note. TM 8ank shsll ~x~rcif~ r~onabl~ tar~ in
the custady snd pr~prvttion of tIN Collmr~l to tM ~xtMt requirsd by applicabls ststute, and shNl be dMrtMd to hav~ ~xqcis~d rN~on~Ws Can if it qka ath
xtion fa thst pwpoa ~s Msk~? sMll nawrnbly nqwst in writinp, but no omissia+ co do my act rat nquht~d bY MakK ~hNl b~ dNm~d s t~itun [o ~x~rcise ~
reaso~aW~ qn, ~nd no omistion to comply with any rMuest of M~kp sMll of itselt be d~smad s failurs [o exKCis~ re~sonabl~ un. B~nk shNl not be bound to
take siryl ft.ps n~awry to waKw +rw riphu in th. Co1lac.ral spsinn priw wrcia and Msk~r ~sn take s11 ~eo.wry sc.p~ tor such purpo~es. Th. B.nk or i~s ~
nomin~t r~d not eolbet inttr~st on, or ~ principal of, any CollatKal or piw sny notio~ with r~t to it. ' ~
TM 8ank mty tqttinW to hdd any Co11~tNi1 d~poiiLd hN~und~~ dttr th~ psym~nt Oi thit Npt~, if at che cime of th~.psyment snd di~d+ary~ Mrsof sny of •
tM ps?tia liabb fo? tM p~ymrnt h~r~of ihall b~ tlMn dinctly a oontinp~nW IisbN to tM Bank s~ M~kK, endaser, wr~ty, quarsnto. o. aacomr? , cion psrty j
ot sny och~ rat~, dr~~t, bill oi ~xd~snpt, or otMr ~uurtwnt, or othrrwis~, a+d th~ BM+k m~y d~attK ~xKCia ~II rpha wich rap~cc to ~ I~sce.al ;
graot~d htr~in Mn tho~gh dfis Not~ fh~ll hsw ban fwr~~d to tM Mfk~r. . ~ t
4
If tM Bank d~nris ittNf inacun or upon tM hrpp~nino of any oi tht followinp ~v~nts, ~adi ot whieh shNl oo~titua a d~fault, sll liabiliti~s of ~cA Mak~r to ~
she B~nk, includinp th~ ~ntin unp~id principd of thit Noh and aouwd inte~t, las ~ny u~rmd in~at ~nd sny int~rat in ~xpa of tfN m~ximum slbrwd ~
by Isw and s~ry r~bst~s r~quird by I~w, ~11 imn~diapiy or dundar. at tM option ot tfN 8anlc. ~xapt chat iM oocurnnq of (c) a Id) ~l+all eauM wtomsc- !
~ K aaeNration:without notia ad~rtwnd, b~oorMdw ~nd psyabtr. (~1 tht falure of a~y Ob1iDo? to p~rform sny obli~tiai, li~bility or daim to tM Bsnk, to p~y .
~ interat Mrwn within 10dsys aftK it q dw, or fi tf~~ it no du~ dad. dtK it is bilbd or otf~wi~ rpu~st~d or d~mnd~d, w to p~y any othK li~bility wAs[- ~
~ soev~? to tM 8ank wfNn dut: (b) th~ d~sd~ M any indi~ridusl Oblga, tlw dissolution o1 a~w P~~P or [M d'asolution. n'»~ a oo~alid~tion with-
~ out tM Bsnk'! piwr writUn eon~nt ol sny eorporaa bblipor: (e) tM fllfnp ot ~ p~tition in bankruptty or tM adjudiqtion o~ imoh~tcy or b~nkruplty undK ~
any ..orp.niut~on. ,.nnp~n,ent, radjwar»nt oi d~bt. d'a~o~udon. ~iquid~tion a sirni~ar p.oa.Jin~ wids. sny F~d.rsl w saa ~sm,u, by w a~uroc «~r ~
Obl,por (d) s~ ~ppliqtion for th~ appointrtNnt of a naiv~r tOr. or tM nrkinp.qt ~ p~rN rtipmmnt fo? du Mn~tit of cnditort by. sny Obliqor: ld tM ~nW
~ or ~udprn~et sp~in~c sny Oblipa:lf) tM uwirq of any att~Am~nc o. ~rnbhni~nt, a cM fili~p of any li~n. p~iest sny prop~rri ot sny OWiyor:19) Nw akin, ot
~ xss~ssion of ~ny subst~ntial p~rt of dN PropMtY ot a~y Obl{~or at tM instano~ of ~nY ~oNr~nMn4~ ~uthaity: (h) tM d~tKmin~tion by tM Bank that ~ nrtui• ~
a? adv~.a aharq~ Mt oow~nd in tM finsnciN eonditian of snY Obliyor from tM eonditioro wt forth in ~ mott r~u+t tir?M~cial staanynt of wxh OO~ip? I
heretota~ tu?nisMd to tM Bink, o. han th~ cond(tion of wd~ ODltya a htntofae mott ne~ntly didowd to th~ 8ank, w that ~ny w~.ranty, rp.wnmion.
~ cer~iiieat~ a aaaer~+t of any Oblga (wMth~. aontaimd in thi~ Non a not) pKbinieq to a in oonMeeion with this Noa or th~ Iwn widrnad b1r Ma Noa ~
~ conuirr an unirw staturnnt of nrtKi~1 t~et a omia co saq nwtafN f~ ~ry in ordK to n»k~ ch~ wt~mM+a rt~ +at miitMdirr; a, (i) cM a~+- i
meot by sny M~kN ot sny puiry in sny of tM Colbqnl witNout tM prior written oawnt d tM Bsnk. t
TM 6a~k ~all haw, but ~II not b~ liinit~d to, tlw followinp rqhq. aeh of which m~y b~ ~x~rCiMd ~t any tim~ wh~thK o? not this NoM it dw: (i) to s~
ptsd~ a t?antf~r this Nou and tM Collaaral and th~ B~nk fANI tl~~upon b~ rNiw~d of Ni dutfK ~d r~ponfiWtiti~r Mnur~ ~nd rNiw~d hwn any and a~l ~ I
liabillty wiffi ntaCt to M~y Co~1~Un1 to pl~el~d Or trMMtNrd. and aml pldpN o? t?M~tfMN tAaN far aN purpoN~ ftsnd in Mt plaq ol tfN Bank hM~u~dK and
hsv~ aN tM r{pht~ of tM Bank huwndN: (ii) to trarrfN tM whoN or any p~rt o4 tiw CoI1~N into tM n~ of itali or its nominM: (iii) to w1~ th~ Collrarsl: ~ I
(iv) to notifyith~ Oblipon ot ~ny Co14eaN w m~k~ psyn~t to tM B~nic M any ~mouna dw a to baan~ dw th~non: (vl to d~rtwnd. wt fa. co1l~ee, or ~ i
msk~ anY ~cN~rrnnt h rsbb with [o tM ant; vi1 to • or ol oi ~ny oa~d~ M Co11a»rN.
; `~'~1NN~C~ as used ~iere~means ~ur~e Ree~~ssoc'~a~es, `~`n~°Man~/orCO~~s assigns. i
NOTICE: SEE OTHER SIOE fOR IMPORT/~NT INFORMATION A(1Q~ • • !
FBS 7S2 aw. 7/7~ ~D~+n TA~F S~