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' ~ INSTALLMENT PROMI$SORY, N4TE . ± ~ ~ . ~
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TURTLE REEF ASSOCIATES, INC. * ~ w ~?~no~+~eR.awa = 6L250.00
. dANK N/?ME (e) PeMn~T fa Ct~dlt none
Jensen Beach, Florida 33457 u~'~0~~~~'"'' ~
tc? oow~aro s~ : none
oRRic A aESS (GI OthK Ch.ry~t li~«,nu.1 i none
« = none
NOTE NO. OATED: ~an. 2a .1e 79 ~ fl = none
Feb. 6 gg ~a F'"'"a° 6 250.00
DUE: (A. 6. C. 0, E. FI f-~2.~._._
, 19.~ .
. IHI M~n?ut = ~ ~
PLACE: . F~ORIDA (1) ~rqR Inv~tti~etiOn =
ul s
Fw wlw naiwd. ti+t undKtiq~Nd (INnintttK plMd "M~IcK••) jointly and s~v~ilh (il (K) '
mo.~ tMn on~1 promis~ to psy to tM of~ 8a~lc. ~t ia oifip land ~bov~. ~j°~
ol P~ynr~ms (irom IN) at ~ipht) of a 4s'~• ~ ppibn p~yaW~ in~"" (l) _
e~~a~ moncnw ~~a~s~~m~?n ot t Z• . tM fktt IMi fINANCE CHAAGE 3~2 ~
IH. 1. J. K. l) S •
~nstNl~
t dut on ~1~~1 ~ ,19~. and wM~qu~nt irunlln~a du~ on INI Tota1 of hymintt (G + MI i ~ •
~h~ `~'~MI a~~onth tMrMftNtto~d~ with ~ FINAL BALLOON PAYMENT OF: /~NUAL PERCENTAQE RATE X ~
s ' ouE . ~9~
~ c~1
TM Bank sMll impo~ a dNirqwecy ehary~ psi~t dN N4kM on seY WYnrnt whieh Mt b~oon» dw ~nd nmtim in dNwlt for a PKiod R~i of 10
days in sn amount pual to 6Xi of tM artaunt of tM pineipN ps~t of th~ pWm~t in dthult fn tM wa~t th~t tM No~t it twt p~id in iWl st nrt~ty, a8 p~y
ments, wh~th~. pincipsl, intKat or otMrwis~, sh~ll b~ int~ntt ~t tM m~xinwm Ipd raa sllow~d unda tM I~wa oi tM Sua of Flo?id~. All p~yn~?ts m~d~
nerwndsr ~hall b~ u~diud tirst to i~t~r~st and tMn to principsl. hoMwwr. in the tva+t oi d~fault, tM Baolc m~y, in iq toN ditention. ~pplY ~nV WY~t ~ +
~nca~at, p.incipal snd/w I~wful chsrq~s tMn ~cuwd. It is cM int~ntioo of the prties hento th~t th~ provisiwn h~nin sh~ll not p?ovid~ dinetly oe indinetly i
f or thi paymint of ~ 9rMtlr tit! O~ i11tN~tt W tM htMt101101 ~Ily OtlMf Chit~! thMf It i1101Md by IMN. If. tOr sny rNfOn, intMrst ie1 ~xpri of tutA IpN r~tt or ~
a cf+s~ prohibiqd by law shsll at ~~y tirtr be psid. s~W wch ~xpu tha11 ~it1M. eonstitua and b~ msbd a a psyn»nt on tM principN or b~ nfundn! dincdy ~
ro ths MNc~?. ~
The Msk~r msy pnp~y th~ ~ntK~ unpaid b~lanos of tM loin st sM? time. If tM losn is pr~p~id in full, soqlaat~d o? nlinanad, the N41cK shall r~oeiw •
re~und oi the un~srmd pon~on nf tM inttrat snd inwnna pr~miums ear~puted by tM Rul~ of 78'~ rtrthod, ~xppt t!?at tM 9ank shNt b~ ~titNd to nuin
a minimum intNl~t NU~p~ Ot ;
CfiEO1T LIFE AND CREOIT LIFE a DISABILITY INSURANCE ARE VOLUNTARY AkD NOT RE~UIREO FOR CREDIT. Such itKUr~np eovKp~ i= ~
available st tfN eoct d~sipnst~d below for tM tam ot tht er~dit: (d s for Cndit lite Inwnnq Ib) i ~
tor G~dit Lift 8 Dissbility I~fursnct: ~
Cheak ? G~dit lits Inw~snce is dKind on tht lifs oi
qpp~, . B'athdatt ~
Box ? Gedit Li(e ~ Disability {nsuranct is d~sind on ~
6irtAdan '
1
~ Ctedit Lile andlOr Oisability InwranC~ is nOt desirtd. ~
Date: . Ja~l. 22 ~ 1979 s~t~,e ~
Ma ice St. uis
Sipnstun n =
As s~curity tor tM pallment oi th t~ t IN~k~t yr t o ~ i t ~ dl ~np ~n~Tu~tt e~Rg~ ~1') . I~;
recorded i n OR. . Sook ~5~, ~age 2~. . ~n~~ `~ee~s ~"a~'id ~o . ~~I. up'~= ft • _
describad in said raortaag..e. -
~ ~ncludinp all incr~aes, substitutions, nplaqtn~et~. ~dditions ~nd acqstioM th~rtto snd in the prooesds Merwf (h~inaiter pll~d "Collateral'7. Thia s~curity
I +neerKt fhill alf0 f~CYt~ afly Ot11lt ind~bt~drna o? tiability of th~ Maker to che Bsnk dinct a indir~, absolut~ w continy~nt, dw a to b~com~ dw, naw ~x-
~ isting or f~eresltu a~iti~y, indudirg N1luturR ~dvantK w loans by th~ B~nk to tM NMker. .
! TM 8ank if also pivln s lien a~d a acurity intKnt in all prop~rty snd securitits ~f tM 1A~k~r, endorMr, wntY. 9~~+ta a xcortw~iodstion pa~ty oi this
i Note (h~ninshK nt~rr~d to as the "Oblipo?s"l, now in or ~t any tin~ herptcer oominy into threonerW, custody or po~aion oi ch~ Bank, wMtha fw dw ~x-
~ p.essed purpo~ of b~inp u~ad by tM Bank as Co11aeNM, w for anY oti+a P~+~POS~, snd upon any bsl~na or bslanca to tM a~dit o( any soeount~, ineludinp ~
~ srust ~nd sp~~ey socounts m~intsinic! withtM Bank by sr?y of tM Oblpors, snd Me Oblipors ~y?~ to ddiva to iM BM+k additionN Collaarsl o? mNu weh
i paYmMtf in nduetior~ of th~ prineipsl atnount of the ban ~s sf?~II a istisfsctory to the Bsnk, in the ewnt ihe ~forertrntiorNd CollattrM thall d~c1iM in vNue~ ~
~ or b~com~ uns~tistactory to the Bank. .
Additions to, r~ductio+~s w ~xeh~np~s of, a wbititutioia for the Collatersl, psym~na on aaount ot this Iwn a incr~q~s of d~e arrr, or otMr lo~s eNC1~(.~ ~
par[islty o~ wiwlly upon tM Co11~Uts1. nW irom tinM to tinN D~ m~ widtout affactiry th~ provisio~a of this Nots. Th~ 8ank ~hall ~x~rcne r~aonsbl~ Csn in
~he custaly snd praervation of tM CallataN to dN ~xtant requind by ~pplicsbb sta:ua, anA shNl b~ dNrrnd to hnr~ ~x~rciad rwonabN ean if it qk~s auM ~~1
action fo? that pwpoa s~ Nl~ka ~MII rwonrWy nqu~tt in writi~q, Dut no ort~ission to do ~nY act not nqu~ad bY M~1nr ~MII be dNnNd ~/~ilun to wrci~ i
~eason~W~ pn, and no omistion to comply with any nquNt of IiA~kM shstt of it~Nf be dNmd ~ failuh to exaeis~ rtaonabl~ ar~. Bu+k sANI ~ot bt bound to f
take sny ttqs Mo~sry to pruKw ~ny riphtt i~ iM Coll~teql ap~irot pnor puws and M~CN ~hall tske all n~aswy tt~p~ iot wch purpoMf. TM B~nk or its ~
nominN nwd not eoll~et iMtnst on, a a principd of, any Collswil or pw ~ny notie~ with ~qet to it. ~
TM B~nk m~y continw to hold arnr Co1lat~rM d~po~it~d herwndK sftK th~ p~ym~nt of this Noa, if st the tim~ of tM psyrr~ent snd ai~ehsr ~yrw~ ~~hr of ,
tM pa?ti~ liabb for th~ WymN+t Mnof ~hall b~ tlNn dineth? a ea+tinpMtly IiabN to iM Bsnk s~ Mslar, endor~. wnty, qu~r~nta or ~ t~on W?ty ,
ot ~?y ocMa noU, dnft, bill oi. ~xdiaep~. w odNr ir~ttrum~nt. or od+Mwi~. ~nd th~ 8ank may th~rpftK ~xKCi~ all rqAa with rNp~et to ~d CotlstKN ~
grant~d hK~in w~n tl~wgh Mis Not~ ~hall hw~ bMn aur~Nnd to tM IM~kK.
If tM Bank t1Nmt iwlf im~tun w upon tht h~pp~ninp oi any of th~ followinp ~wnts, ~ch of which s~ll co~stitut~ s d~fault, NI lisbiliti~s oi wch N4k~r to
the Bank. ineludirq tM ~ntin unp~id principd of Mh Not~ ~nd aCUwd int~nst. Nu sny urNam~d inMntt snd any int~r~tt in ~xuN of tM n+~xinwm allowrd
i~y Isw snd any rN~ta rquind by law, thNl irrrn~WY or tl~~sft~r. at tM option of t!N 8anlc. ~xaPt that t!M oocurnna of (e) or ld) fhati tauu autam~t-
K accelKatia+: wid~out notia a d~mvid, b~corn~ dw and p~Y~bN: (a) tM f~itur~ of sny Oblioor w p~rlorm an? ob~iPtia+. li~bility a el~im to tM B~nk, to prlr
~nte~ett hawn wiMin 'IOdsys afUr It it dw,"or N th~r~ is no du~ d~q. ~ttw it is Di1Nd a olMrwi~ nquat~d a? d~rrw~d~d, or to p~y anY othM li~bdity what-
soevw to th~ 8aolc wMe dw: lb) tM dwM of sny individusl Oblipor, tN~ diwolution of sn1? P~rtn~nhiP Oblipa or th~ dinoM~tion, muY~r or oonalidstion wiM- ~
ovc cM Bank's prior writUn Conpn[ of sny oorpoatt OblipOr, (e) 1}N filiiq of ~ qtition in b~nknqleY or tM adudic~tion ot i~oh~wkl? or b~nk~uPleY
any r~ory~itation. ~rr~nt. n~djustreNnt oi d~bt. diuolution. liquidttion or similar p~ocNdln/ urWK any F~drrd o? ibq ~qtut~, b1l or p~inst MN? ~
Obliyw: Id) an ~pplic~tion fo? th~ appoi~tnNnt of ~ nwh~? fqr, a~ tM rnkino ot a pKNral atipnn~+t fw th~ b~fit of a~diton by. any Oblqa: (d tM ~ntry ~
of ,ud~ec p~nut anll ODliqor. (i) tM iswi+q or any attad?ma~t «~rnahnwnf, or the tilinp of sny li~n, a~ainst ~m? P~~v oi sny Ob~por: t~) tM takin~ of ~
poss~siion of any subsuntiN part of da propKty of any Oblioo? ~t d» intana"of any ~mmnW wtl?o?i1Y: (h) cM d~armi~a~ion bY tM lsMc eMt ~~wi- ~
~ ai advan~ Marp~ has oowrnd in dN finN~eiH ooedition d any OWpa from th~ ea?ditian Mt forth in tM mott noent fintrKial ttatln~t ot wxh Ob~iYo~ ,
~ nere~ofor~ furnuMd to tM B~nk, o? fran th~ ea~dttion ot weh Oblipor ~t h~r~toton mat ne~atly dhdowd to ~M 8ank, a tha~ any wrnntlr. ~~pw~atian.
ce?cifiua o. ~tst~nw~t of ~ny Oblipo? twMtMr oonta~d in tbi~ Noa a not) OKafni~q to oc in cam~etion with Mis Noa or tM Io~n ~vidM+ad br Mi~ No~
conqint ~n untrw ~atam~nt of nrtai~l taet a omia to stat~ m~wid iaet nKawy in adK to rtrk~ th~ tt~t~rMnts rrydt not mi~IMdi~: or, (i) tAt M~q~-
~ msnt by an~? IM~Iw of am puity in any of tM Co1btKN without tM prior writan tonNet ot th~ Bank.
Th~ 8ank ~MII hw~. but qwll not b~ limit~d to. tM idlowitg ri~+ts, Nch of which nwy b~ ~wsiwd ~t any titrN wlNti~a or not thb Not~ i~ drt: (i) to
pl~dp~ or tr~tM tAit Not~ Md th~ Coll~qnl and th~ 8~nlc ~MII qMnupon b~ rNi~n~d of ~II dutiM and mporaibpities Irr~und~ ~nd rNitn~d fran MMI ~nd ~II
I iability wiM rMp~et to any CollatMN a pNdprd o~ us~fpnd, snd anY P~~~ w trrsf~rM dwll tor ~fl purpw~s ~wid in tM p1~a o1 tM Bank lwwnd~? and
nsv~ ap tM riqAU of tM Bank hpwndK: (ii) to bsn~iK tlN whoN a any pKt of tM Co1t~M k~to tM n~nr d italf o~ in ~wmin~: (iif) to voa tM Collatenl:
(iv) to notify tM OWqon ot ~ny Co~I~mN to m~k~ p~yma+t to d» 8anlc of sny amounts dw or to b~oon~ du~ dM*+wr, (r) to d~nwnd. ~w fo?, oolNct, o~
rrrk~ anY ca"Qi Qri MtN~m~nt~ ~Mn~s 1 wiM I to th~ ~olytaal~ 1(ril to tak~ Poaa~io~ w ol of 9oadr of Co11~N.
s *~NK as use here n means ur~e Reet ~{ssoc ates, lnc, ana/or`~~s as'~si°`ns. ~
NOTICE: SEE OTHER SI~E FOR IMVORTANT INFORMAr1pN P~~ ' Q~Q
~ b00K ~
Fss ~s: a.~?. ~n~ 17110 . '
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