HomeMy WebLinkAbout2658 z-Y_ - _ .
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~ IWSTA4lMENT PROMISSORY NOTE ~ Fy
y
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- TURTlE REEf ASSN I ATES , I NC * ; , ~ ~ , w (?ntount Re~iwd " :~.t,4Q , ~ -
NAM - lb! !'tentless for Qradit . ~ none - • ~ -
Jensen. beach; ~loridai 3345? l~a~aar~ley ietc,
- - lCl saa~fie none
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- X01 OtiNr Char lit~eni:el .s.. h0 e
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- - - July 27 . • 7~9 liEr ~~o~ .
NOTE NO. pATEO: . ig_._.,:. - IFI
Amount F:n.r1o.Q
' _ : AuQsl:t 11 a9 ~ {a? - ~ 12,60.00
DUE - . ffl__.., IA,.B, C. D. E.FI i
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P1.14CE: . FLORlpA - 111 Cratfh Inwctigation "
_ UI Other _ ' -
Fes valeta reaigd, tM wtdenigrnd IMrNMftar oNNd "Make" 1 fointly and agraW lif ..'lK? ~ ~ f1~~~T
more than oM) pronttM to pay eo tM or~deer of the B1rdc, at. is of fiof !feted above, tM TOtal - ~.t
of Peyrnlprts 1i(Orn lN) at rghtl ot.~.l,a~7-~ , _ OoHers payable iq (U ~ ~
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IMF FINANCE I~ARIiiE §s~
equN marthly irutaltnMnK
of = ~.~..~:~la•g~ ~
Seota¦6~M ~ ~ ~ ~ r!~¢ f +eN : IH, I; K, fi
installeetcnt due on if)~~ sod wbagttent inswlnrna des oe (N) Toth of N1?rr+erta IG ~ MI ..li 2~ .697.20
tha.,,.;'_daY of aaeb~tlfnth thsrea~ItBr~l•~a~ltt~ i ~iN/~L
BALLOON PI~YMEN YOF::~ ANNUA~..1~EiiC~NTAG~, RA~~ X ~ -
TM Bank shttl artpoee a delirtgrrartctr eltargt agehtst tM Maker on any payment, which has beoarn due and rNnaine in defsettt for a pallor! in oxo~R of 1Q
days,in an an~ouat eve to 6!i of tM enwunt of the ptrirtapN pa?t of tin payment in default. in tM a+~ertt that the Nola b not P~ to at.ttnturity, aN pry-
. mans. wMthar prNtcipal; interMiOr otMnMiM, shah baer,intare~f i< Uta maximum Ipd tats Nbwi/d tietder the Nwe of tM Stan of FloPida. MI payirann ntada, .
heretrrtda[ e1ta11 i7a_iredited tire1 t0 ~ntateet sod -than to principal, (toMwvar,_ in tNrev~nt .of dNauh, rile Bank may; iA to aolp diepytioti,appiy any payment so
interest. prindpN andfot lawful eAar9as tM~t accrued. it h the Mtention of the partid hxato Mtt tM provisions heregt shill not pi'ovi~de.difectly a ntdMeetty
fa? the payrrnnt of s greetei rea of intaras! nr tlta retention of any,othec elterge than is sibwad by fawn If, fa arty meat, interest igagpM Of such ~ rata a-
a cha<~ prohibited by law sltstl at any time be psW, any dretr exCps ehaN either oontitituta and be treated e a payment on tie prnCipoi Or tie refunded dirrclh
to the Mekar. ;
TM Makermry prepay qte enttre_unpaid betartoa of tM ban at arty time. If tlta loan it prepNd in full. aoaMnted ar,refirteeto~d, tlta Maker shah raoaiw a
refund of tM unNrned ptNtige of tM interest sod ineurana premiums earputed by tM RuN of ~8's method. axotpt that the Bank shaµ M entitled to retNn
a minimum inHreft Ntiarge of t16.(!f).. - - -
CREOIT LIFE AND CREDfY LIFE 8 DISABILITY INSURANCE ARE VOLUNTARY ANO NQT REDIJIRED FQR CREDIT. St+ch eneurena oovarag~,q
swilabie n tM coat designated bNow for do arm of the-credit: lal i for Credit Lice IMUrartoe lb! t t
for Credit ftN 8 Oitabilitr fnsursrta: _
Check ? Gadit Life irtsursltce is desired on the life of ~ -
~Bo>< ~ ~ ~ Gait uf, a oisabilitr (rgyrartp is desired on -
~
riff Binhdaa
~ u C.iedit Lira and/or 0aability~ Iraurartoe b not desired, - - ~ -
- } ~
~Deee:. July 27,, 1979 sigrtatere
~ ,
Sgnatun
~~ec
- Y `i ~n`i~; "~~oo~C ;M ~gs~;~'~ri~ ' a~~~,"~ t n ~an°'~~~"~ -
a c n -~sa tiro . - _ , F -
irteludi~r g all inereeces, sutntituttons, replacements, sdditions sod atxusiorts thereto and in .the~prooeeds' dtereof (hereirtefter piled "CollacarN'9. This sawrity
interMt shall aMo sewn any othe? indebtadneats err liability of the Makes to the Bank direct a indirect, ebeolute a contingent, due or to beoonte dw, nowax• .
i istirtg a herNtter wising, irtduding aH futon sdwnces a harts by tiro. cask eo the Metter: i .
s _
The Hank fs also r lien std a sawrity interact ~in sil property and sewritws of-.the Maker. ertdoner. surety, gwrantor a aeceorrrrtodation pent' of this
Plow lttereirtefter referred ea as the "Obligors'1; now in a at any time hereafter Doming into tM contrd, antody.or pouessioet of tM Bank.,Ntather. for tM ex-
wes:ed purppes of beirq aced by-the Bank as CofgtatN, w tar soy other propose. sod upon any belartoe or belertaa to the cred8 of any aoeourtis indtrdirq
trust sod agertey.aooounls meintairnd withtM Bartle by any of the Obiipor3, and the Obligors ayrae to dNiwr to tM flank additionN CotiatnN a nuke wdt -
paymertte in reduetioet of the principal sntount of the Ioan as dtall ba satisfactory to 1he,Benk, in the evsKtt rite afarenrrttbnad Collateral shell decline in ve_ lu_ a '
or baeonN urtgtitfaCtory t0 tM Bank. - -
/ldditionc to, reductions a exch+rtges of, or s4betitutbea for tM CollaterN, pevmerta on sooount of the ban cr inlYeaeee of -the caste, or other harts rnada }
perliNly a whoNy upon tits ColfatarN, may from tine to lima be rrteefa without affaetirtg the provaions of this Note. TM BeMcshall exert:ise reaaoetabM pre in
die custody and preearvetion of tM Cot4terN m the extent squired by applkaMs statute, and shell be dnertad to haw etcercisad raaea?ebN acre if k fakes tteeJt
setion for that purpose. at taker ehsN regonsbit? regtreet in writing, but no ontiasien to do say act not ngtrMled by >Vfeker shall be daentad a faihtre so exe?eiee .
rwwtebla ow, and rep anission to oontply .wilt any regwst of Mekar sheN of itsel/ be deemed a failure to exerwe rwonabN care. !lank sltNt not be bowtd t0
take any steps rnoesaary to preNrw eery ri~tts b tM ColbterN against prior parties srtd MakN altall take all rteoesgry stapi to such Purpaes• TM Bank or its -
rromieiee need not eoiMet interest on, oa a principal of, any Collateral or give any notiarwith ratpeet to it. • _ ,
TM Bank may continue to hold any ColhterN deposited Hereunder after the payment of the Note, if al tM lion al< the Payment arxi discharge hereof sntr of
the portiM liable for tM payment hereof tltW be then daectly or eontirtgently liabfa to the Bank ac Maker, endorser. suety. guarantor or aooomrnodatton pony
of any other noU, draft, biN of excheetge, or odter Mtstrunnrtt: or otiterwiee, and do BaMc may tttereefter exerciaa NI rphts wilt respect to ssid CoBatarN
granted herein awn though this Note shell Herres been sunertdered is the Maker. .
If the Bank deems iceaif irteeture or upon the Itsppertirtg of arty of tM falbwtrg evens, each of vtftich shell coratitute a default, sit Igbilities of each Maker to
the Bank, irtrJudap rite entire unpaid prirtcipN d this Note and eotxtred interest, leer any urtaernad interea srtd aM? interest in axoae of the ntaxinttwn Nbwad
by lees and any reheat required by law, stall irrtrtndiseely or thareafgr, st ti+e option of tfn Banc, exapl that tM ooarrenq of kl or idl ehaN csuN automet• .
it seeekrstion; without rtotioe or dMrteed, beoDerM dot end payable: lal tM fstlurr of any Obligor to perform.aety oWigetion, lisbility or claim to tM Bsnk, to pay
interest hereon within 10d.ye alter ie h des, or if tttera no des deer. alter it is billed a odarwtea requested a derrwtrled, or to pay arty outer liability what-
soever to the BeMc when dues; (b1 tM death of any individual (761igor, the dissolution of soy PMtMretti0 Obligor or the dissolution. merger or concoliduion vsith• =
out the Bank's prior written consent of arty corporate Obligor: k) tlta filing of a petition in betthruptcy err rite adjudiation of irnohrartay a bMtkrupny.under .
any reorganisation, errertgaertent, reedjustmertt o! dabs, dissolution, liquidation a siretuer praowdirg under any FedarN w etas statue, by err ageatst eery
Oblige: (dI an sppliption for tin appointntertt o(a raoNver fp, or tM ertekirtg of a gertarN eadgnettent far the benefit of ereditore by, any Obligor; lel tin entry -
of ludgrtrmt ageintt soy Obligor: Ili me Iswieg of any attadtnwtt or gerrtirltntaM, a tM ftlfng of arty ItMt, againae any ProPe?N Of anii Obligor: .the eking of
possession of any MebstantiN part of ttte properq of any Obligor at do instance of arty goveretnntttN authority: tlti the determination br tM Oenk that a materi-
N adverw dtantga Itee oonirred in llra firrtneiN oontdition of soy Obligor iron tM eonditiofts sat tortA in tM moat recent tintarteiaf sattwrtattt ot.weds Obligor .
heretofore furnished to the Bank, or 6om ttte ooetdltion of etedt Obligor ere heretofore mat reoentb diedoeed to tM Bank, or that say wanatttY. nprwanation.
certifipte err etatentiaf of any Obliges (whether contaieted in this Note a< not) pMtaining to a in ooeutaetion with this NoM or tM bent evidntpd by tttic Moe ~
consist an umrue satamartf of rrnteriN fact a omia to stab materW fact nteoeesary in ceder to snake the statantenu made not micieatlirrg: or, til tM aaeign• -
ment by any Maker of any equity in any d tM CollatierN without dye wior writsaet oort~ertt of rtes BaMc. -
Tito Bank shall have. but NtaH not be IieriMd to, tM faltowieg rphts, Beth of which. may be exarcieed at any tine vrhether a not dtie Nola is due: lil eo
pledge a trartslM this Noe and ties CONatarsl and tfte Bank shsN. Nareupon be rNieved of all duties and rnportsibilitiee Inretnntda?and rNiavad front any and all -
liability with nepeet id any f:oliavrN a PMdMd and any OlsdgtrR"or.tseraferee sMll for cep purpoaa sand M tM Plea of the Mdc Ha} folder and
have eY tM rigfta of lire Bank Inrewtder; lilt to trartsfir tM whole or any pan of tla Coflwrat Mtw the rnrna of iteMf or to rtonirtaaE (iii! to wee tM CotMarM:,
liri to notify tM Obligors of any CoNaarM to nake.Pal?annl to tM Bank of any aietouna des a to baooena des dafeon; lvl w derrterrd, stn tar. ootleet, a
nnk. arty oor~r~eNK~ a'
s used: ~i
"ere` n meawns ui~ e`aRee ssdc'~`fa~es; `fin an ~tOO~s a~ign°s:d` w
NOTICE: SEE OTHER SIDE FOR IMPORTANT,INFORMATION P~~~
F0.S 752- Rev. 7/77