HomeMy WebLinkAbout0891 . . ~ INSTALLMENT PROMISSORV NOTE ~,3
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. TURTLE REEf ASSOCIATES~ INC. * (A) AmountR~pivrd = 4390.00
e~?HK NAME te~ +a ab~~ ~ none
Jensen Beach, Florida 33457 uf•~~~~n? s
~ tc~ o«~,~»„a.v sa~+o• = non~
OFFICE ADO E . ~p? ~;t.,,,~.~ = none
~E~ = none
NOTE NO. DATEO: ~C. 15 .,19 78 = none
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~C. Zb , 19 1(il A1mou C FD.~ _~3~.~
WJE:
(N) IetKat i
11) Cndit invrtti~tion = ~
PIACE: , fIORIpJ?
UI Oti~ - i -T~if ` -
Fo? wlw r~ctrv~d. tIN undK~+prNd (INr~inaitN piNd "MakK") l~i~tiy snd s~v~qlly (if (K) _
mor~ th~n on~) promis~ [o Wy to tM wdK of tM Bank, at ia offiq list~d abov~, tM Total
ot Paynwnu ttrwn IN1 at rghtl ot 56962. 40 , polan paysbl~ in _12.a__ ~V = '
.qu.i moncnh ~~t.~im~n ot t 58.02 ,~n~ t~nt IMl FfNANCE CHAROE -
~~xa~~n~+e ew a, J~n 26 , ts 79 ..na wbs~awnt ~mts~~m~na du. wr tH. .1. K. u s 2572.40 "
1,' ~N~ r~ or 6962.40
tM26~~ay ot th thKpfta t thK wiM a FINAL BALLOON PAYMENT OF: + M)
z°a! ANNUAL PER~CENTA~i~ RATE nn %
s ~ oue , i9
TM 8ank ~Aall in+poN a dNinquu~cy chap~ ap~irot th~ IN~Iw on ~ny paym~n[ which has b~can~ dus and nrrykn in d~twlt fa s pMiod in ~xaa of 10
dsys in an amount pud to of tM amount oi th~ prineipsl pKt of th~ p~ymq~t in dNautt. In th~ w~nt that t!~ Non h not paid in full ~t nwturity, all pay
rrrnts, rMNM~. pineipsl, intu~tt or oth~rwi~. shs11 bqr iemqt ~t tM maxaewm I~p~l rat~ ilbw~d und~ tM twrs of tM Staa oi Floe'kl~. All paym~nts msd~
herwndK ~MII b~ tndit~d fi?tt to inNrest and tMn to principal, how~wr, in tM w~nt ot dtf~utt, tM Bank m.y1 in in w1~ diun~ion, y any p~ymp~t to
inc~rest. principM and/a Iswful ch~ry~s tMn socrwd It is tM intN?tion ot tM p~rtws her~to that th~ provi~ia» Mnin shNl not P~~~~~ly or indirectly
~or tM p~yma~t ot a y?ptN ~s» of intKat a tM ntMtion of any othfi cAupt th~n is slbwed by lwv. lf, tor ~ny r~uon, int~ral In ~xaa ~ wch Ipd nt~ or
s charg~ proAibind b~? bw shall u any cim~ b~ wid. Nq? wdi ~xa~ du11 N~ conscitua and b~ maad a~ p~ymanc on tlw p.inetp~ a b~ r~tu~~tbd dM~cthl
to the M~Ica. .
TM Makerm~y pHpsy th~ ~ntin unpsid b~lsnet of tM loan ~t any time. li tM Iwn is pnp~id fn full, ~calKaud or r~financd, the 1IA~kK shall noeiw •
.efund of tl+~ un~u~ed pweion of che interat and inwrancs pnmiums computsd by the Rul~ of 78's nrthod, ~xppt ihat tM Bsnk shall b~ ~ntitl~d to ntsin
a mi~imum i~Mrett d~xp~ oi f
6.~.
CREOIT IIFE AND CREDIT LIFE 8 DISABILITY INSURANCE ARE VOIUNTARY ANO MOT REQUIRED FOR CREDIT. SutA i~ur~np covKap~ is
avsilsbk st tM cost d~siqn~ted bNow for the t~rm of the cndit: (a) t for Credit Ufe Inw~sna (b) S
fo. C.~~dit lif~b Oissbility Inwqrie~: - • i
Ch~tk ? G~diY Lite lnsursnct is desi~ed on tM lif~ of ~
Birthdatt !
i
Box ? Gedit Life d~ Oisability Inwra~ce is desind on
r~ Birthdste
L"] Credit l~fe and/w Oisability Inwranc~ is eot desired. ,
oate: D@C. 15, 1978- ~ s~naw.e ~ ~
11 i am Wein~nerI ~~Q
Sgnature t ~"~ip~'~'~~6
As ttturity fw the paymentT f the Not~ tht Maker M?~by ts to the Bank a stcw~ ~teres~n ~hs ~1 ow~enp p.ovKC~r_ R urt e ee
Cond. , Re~orded on 0. ~ Book 263, Page 2002. Unt t Weeks 16 and 17 i n
end_ n_a~, A___rr_
~rn, ~2~ as dsssribed in said mortgage.-
~ncludinp all incrqses. substitutions, reptacements. add'+tia~s and sccsssions thereto and in the prooeeds tMrwi (Mnin~fter eslhd "Collatnd"1. This s~wri~i '
' interast sbNl slso s~ture any oth~r intl~btldMSS o? liability of tM Msk~r to the Bink dinet or indinCt, a6tolut~ or tontin~nt, dw w to b~tom~ dw, now ~x~ {
! istinp or h~r«ttN s~ifing, intluding aU future sdvanqs w loans by iM 8ank to tM Msker. ]
~ Tht Bank is also wn a lien and a s~curity inter~st in sll y y
yi p~operty and securities of th~ INike~, endo~Mr, wrety, qwrantor W rtcommod~tiOn p~rty uf thi~ ~
i Note (h~r~inifter rtterrd to ss tNe "Oblgon"1, now in w st sny tim~ hsreaf ter cominp into tAe co~trol, cwtody or poa~ssion of tM Bank, wAi fa the ~x- j
~ P~~ss~d purpos~ of btirp us~d by tl~ Bank as Colbq~al, or (or any othu purposs, snd upan any balann a balarx~ to iM u~dit ot any aocoun n~ i
' vust uid ap~eey accouna msinqin~d withth~ 8ank.by ~ny af tM Oblipors, and the Oblgon pnt to dNiw~ to t!~ 8ank sdditionN Co11aWN o? ~ • wd~ j
i paym~nts in nduction of th~ principN smount o~ the ban as s~ll a s~tistsetory to the Bank, in tAe ~wnt the afortmtntiaMd Co11~t~rN d~sll d~clirn in wlue !
E o. beeom~ ue~sstafaetory to tM Bank. j
~ Additions to, nductions a exehanpes of, o~ wbttitutions (or tht Collatersl, paymtnts on socount of this lo~n or inu~aes of [M sam~, or ot lo~ns ma~f~ ~
5 partislly a wrholly upo~ tAe Collat~nl, nW Irwn time to tirr~ b~ rnsde wid~ait atfscting tM provisions of cha Note. TM 8ank shdl ~:acis~ csr~ ie ~
~he custody and praerv~tio~ of tAe Co14t~rsf to th~ ~xt~nt requind by applicsble ststuu, snd shsll b~ dNnNd io ha~r~ ~xaciad rp~on~ba ca~ i aka suc~ ~
action fw ttut pwpoq ~s N4k~r shall r~uornbly ~p~~t in w?itirg, but no omission to do ~ny set not ~~c~wst~d by Malc~r thMl b~ dKm~d ~ t~iluly to txKCi~e
reasonibM pr~, snd no omi~ion to comply with any rpuat of IN~k~r shall ot itself be d~emed a failun co ~xuci~ r~~sonabN un_ 8ank dw11 not fie bound co 1
eake any stps n~ry to pr~vr any riphtt in cM Co1latKSl sp~inst prior parcies snd MakK shsll Wce all rNOasary sapt tor wch purpotes. TM BM?k o. ies '
nominw nMd no~ oolqet int~nst on, w s principN oi. any Coll~qral o. yiw any notip with re~ct to it. ~
Tl~ B~~k msy tontinus to hold aM? Co11stNN dpo~it~d har~under ~fter the psym~t ot this Note, if at 1M tirn~ of th~ paymtnt and d'adwys Mrtof any of ~
cM putia liabl~ for cM paym~nt Aerwf ~hall bt th~n dinctly o? eontirg~ntly IiabM to th~ B~nk a Mac~r. ~ndwrr, wnty, y~wanta a soconwnodation pa.ty i
ot ~ny oth~r nob. draft, bill of ~xd?~npt, or otqsr i~awrnnt, o? oth~rwis~. ~nd th~ 8ank m~y ttNraiter ~x~rci~ all ri~ts with rhp~ct to s~id Collstersl 4
yrsnt~d f~~in ~wn tbouph this Not~ shall haw b~ii~ wrf~od~r~d to tM Malc~r. i
If th~ Bank dNr~ itself ir?pcur~ a upon tlw fupp~nirq of any of ths follovrinp wmts, tsch of whicA thdt oonstitut~ ~ d~fault, ~Il lisbiliti~s of Mch MakN to
the Bank, includinp tht ~etin unp~id prineipN oi thts Not~ and accru~d inqrpt. lat snlr urnsrmd intaat snd any innrat io ezoht qt th~ msximum Nlow~d
bv ~ a~d aeY nb~t~s rpuind by 4w, shsll imr~rdiatdy or tlNn~tta. st ths opcan ot tM gink, txapt thst tM oocwrsne~ oi (cl d(d) d~all cau~e autam~t-
K soulention:wid~out notip or d~mr~d, b~oonrdu~ ~nd p~yaWr. la) tht fai(u Oblpor to paform ~ny obli~tion, lisbility a daim to dw Bank, to psy 1
~P 1
interpt M?wn within 1~dsy~ aftM it is dw. Or if dMr~ q no dw d1t~, aftu iti be~ w od~wiM nqu~Ud or danr~d~d, or to pay any otMr lisbility wh~t- !
~ soe~rer to tM Bank vMKn du~: (b) tM dqth ot any ind"widuM Oblipor, tti~ di~solution oi ~nY P~?tnenhiP Oblipor w tM d'awlution. rn~YH c?ooniolidrtion witF~• i
y out tM Bank't p~ior wrin~n eo~nt oi sny eorporsb ObliRor (e) dN filinp of a p~tition in b~nkruptey or Mt adjudieation oi imWwncy a I~nkruptcy und~r
~ any r~o.p.ni:•tion, ur~m~nr, rMdiusarMnt ot d.bt. dit~olucion. ~iquidstion or ~im~l~. proeNdinp w;dK ww F~d~nl w taa sasuu, by or ap~inst any ~
Oblgw; (di ~n appfiation ta iM appointnMnt of a nah~r for, or th~ m~kin~ of a p~n~nl a~ipnma~t for th~ bm~fit of cnditai by, a~y OWya; (d tM ~nu1r ~
~ ot ~~~~t aq~irut any Oblpor: (f) th~ qwinp M any ~ttadfm~nt a p~rniNxrnnt, or t1f~ ~Uinp of any li~n. p~irot aml propNty of any OWioor: ~M ukin~ ot
~ Dos~tion of ~ny wpstantial p~.t of tM proqny oi any Oblgor at tM imt~nw of ~ny yorernrn~nW wthaity: (h) tM d~tNmin~tion by eM d~nk tMt a nwari• ~
~ ai adw.a ebsnp~ hs~ occurr~d in da financW eonditioe of any Oblioo? frpn tM~conditiar ~t forth in tM mat rtant finriciM ~qqn~t of w~d~ Ob~Nor ~
~ heretoto~e iu~nith~d to d» Bank, or from t1N tondltbn o! weh Oblipa at I~~tofbn nw~t norntly dhdw~d to th~ B~nk, a N+~t sny wrranty, rprwnation,
~ cenifiqu or ~aun»nt of any Oblipor (wh~th~r eonqiMd inYhk Nou or notl p~rtaininp to or in oonn~etion with d~i~ Nob ar tM losn wid~noM by tha No» i
con~sim an umrw nac~nt of m~qri~l faet a omiu to ttat~ rmtniN f~et ~ry in ordn to nak~ tM stai~rnna m~ not malMdino: a, (i! ~M ari~F • j
ment by My NMkM of any puity in sny o/ tM Co1btKN without dN pr'w~ writan eon~tnt of th~ B~nk. I
Th~ 8a~k d+~ll hw~, but q~ll not b~ IimiUd to, tM }Ollowil~,!qhp, Neh Of whid~ m~y b~ tx~reiNd ~t an1? tinw wMthK a not this NoM i~ dw: (il to ~
P~u~ w tntKfK thi~ Hon tnd th~ Co11atKN and dM 8r~lc-N~fi tl~nupon b~ nli~v~d of sll dutiM ~nd ?NpomibilltMa I~wndN and rNi~~! hoen ~nY and MI
liability wit11 n~p~et to any Colbt~nl w pl~dNd Or tan~fKrd. and my pbd~t or tnrMbrN sltdl fOr MI P~?PcMS ~w~d in tM Pl~a of t!N BM~It MrwndK ~nd ~
h~ ~II th~ rioAq of tM Bank Mnund~: (ii) to u~nd~r tM vrhob a any prt oi tM Colbtral into tM n~nt M iqNf or itf nomi~: (iiil to vot~ th~ Co11atKM; !
(iv) to ootiiy tM Oblqon ot ~ny Co1l~aa~ w nrk~ paynrnt to th~ Banlc ot sny ~nw~inu dw or to baom~ dw tMr~on: (vl to d~nMnd. tw fo?, oolNet, o+ ~
rr»k~ anY oo~ R? Mttl~rrNnt it nr nbM with to tht Coll~te?~I~ 7~~n) to `~.~.••an~/or°°~~s °a'ss
1(~Ilo Sa~dt of Collat~ral- i
~N~( as used ~iere~n means ~ur~e Reet Assoc a es , n,
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NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION 60~~~ PAGE ~ #
F95 752 R~v. 7/7~
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