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INSTALLMENT PROMISl40RY N4T, - ~ . -
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TURTLE- REEF ASSOCIATES, INC. _ * - ~ (A) Antotenf flea~wti . - - .4~.~. ,
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try uf+rae.b~ity lets.
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Jensen :Beech, Florid- 33457 - - - - -
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PV?CE: ~ - ~ <:LOAiQA .111,7,,' /Gyry~~t Irltreeteptioq ` Vii- - _ - _
,Fa vaiw. rat~iwd, tM lhereNiefter glMd''Makar"7 7outtly tent} eswrauy.lii _ iw"`~~~
rrtors than ores! promise to pW t0 . M tp dfios !lead above, oft -
of t
aytt+aia !from (l!!1 it riohtl ofd~~ QdMnppaWe M~~~,._... (l•1 ~ <; ,
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IM7 : HI_NIA. t~'?E l~/1Rt3R ~ -
aqual.rtwetthly itr~tattnlare of li ~ • . the hnf - _ ~ 2
ieestaNrnMtt dw on . f@..+.. and.tutttequant irtstNMresntt~ dutr On (N7 TotM of htymarta Id t Ml: ~ `
tM:..Td~tr. of eh tt~natt~rto~thi~~~ a FINAtiit?At~>zoON PAV_ll/i~+?irrOt~: AI~MIUAL PEi~t~ENTA~iE.t~114T~
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TM Bide tMN intoo.. ~ dNirpwrtey ~i~ tM Msluer:ott .at?Ir patrertatt whidt hM t»rotrta.du! and..ra~aina in default far alwriodl is ixalt oil it,
dqn in an amount aqua) to 5X? of tha.anrouat of tM pincipal part d tM_psytgatt in.dsfaulf. In tla a11tM that tM Noteis not Oaiid :in full,+t Heaturity. aN pay- :
wants. f prlnt:ipat, h?t~aet or .othKwia. dtalt br. intM+Mt st tM nlwt4knitet ~ ~ dloswd uttdsr tM Iwq of tti of PlQrid~:-AN pgyrnMtta trtsd~ :
~~a.wndN shah bs credited tuft to ittleresR pod then;a prirtdpel, Aowwa+. in iha w~?t:of dr~ilt,.lh~ t3anfc-nNll. Mi i1~ ao~i disaetiat. al? aiiY P~~ ~
intetlat. PrinciPet and/or fewtui dtargas than eoawd- It is tM Mantioq of the psrtia.l+arao dtst tht provWom Main thMl not Monde directly Or iR+dMaedl?
to tM peymattt of a gretattr rata d interest w 1M ratetttion of arvy other Ntarga than M aHowsd by isw: If, for soy reason, interest ih exaw of such tpM rtaa or ,
a cltar9e pt~tibited. by taw shall .at any-tints bs pakf, arty latch sxasa shM! aitlte? coratituu and be treated as • psytttwtt on tM printapaf or tier eatunded directly
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TM Maker tnsy pnpaf? tM antis unpaid Oalartoe of dtriwn at any time. If tM Metr.il prepaid in full, aootMnad or rNinattad, thsl MakK shah reoeiw a
refund of tM unprned ponion of tM intetsit and itawsna ftrantwena conepitted by RAa Kula of 79's method, sxapt that lira BaMt ~hau bu eMitMil a stain
a mieiintum9ntarest d!arlM d X6.00. - -
t:fIEO1T CIPE AND CREOIT LIFE i O15ABI IITY INSURANCE ARE VOWNTARY AND NOT REQUifaEQ FOR CREOIT: ntutrana coven N
apilable at tM Dolt desi~etead 6elow.fpr iha tans of tM credit: la1 s fa Credit lily Ineuranoa !b1 i -
toc Credit 4fa A Disability Irpurartoe: -
CMek Credit liH )rtatrseta a desired on tM life of -
APPI• ~ Sirtltdia
Box ? Credit life ~ DiaWlity Inwanre is da;ind on _
_ ia_ - - Birthdata • -
- ~ Credit life snd/or Disability Imuratta is not desired- - -
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Data- Aug su t 4 ~ 1979 Siy~atura -
err es v
SgrNttun
As sawritY for the payment of lira Noa the Meksr hereby a to ~iiii[y fWl tY s
fn g _ a ~ , -8 ~ t. o.
~ as t3esc7•lbed.jn saitf fuohtgaae - - - . _
irtdtdirg all irtt:reapt, stebttitutioree, nplaa+r+erttt: additions and aooessiotts thereto srtd in the porx+eds thereof (hereirtefter piled "CdNwal"1. Thin secwiy?
interest shad also secure any other indebtedness a< (lability Of the Maker to tM Bank director indirect, absdua or oontinger?t, dot Or to beeorrte dw, nOw sx•
iitirtp Ot hereafter arisireE, indudiig+ll futon ~dllaltaa a !Dent by tM Bar?k to the Maker: -
TM Bank is also Yiwr ~a lien srtd s seprrity inarstt in all poperty sod securities of tM MNur, endorser. surety, guarantor or accorrtnioderi0n party d d?is
Noa (herainafta referred to K -the "Obiiprs
7, now in or at any time tterafar can+ireO into the eontrd, custody or powasion Of she Bank, wMtMr for. tM e:-
ptssed purpose d being used by tla Bank sa Collateral, or for any other pyrpote, artd upon any balance or bafartoas to the credit d any aooauna, ittdudieq
trust acrd aoertey aooounes maintainsd,wirhtM Bank by arty d tM Obligors, sod eM OWioort aDrea tb deliver to-tM Beak additional Coilewsl Or rrtaka such - ~ .
peymeets ;n radllCtt011 d -tM principal attlOtMt d tM loon as shell be satisfactory to the Bank. in tM event :
~ :.faremerttiorted Coiisaral--~ decline in wNre : -
or beeonte wtsstitfattory to tM Bank. - - - _
Addition; W, reduction: or exchirtgK d. or subttitutiora for tits ColNteral, paymettts on account d this loco or increases Of the Berne, or odor loans made _
partially or wholly. upon its Col{awal, my from time to tune ba msdt without affectktg the pravisiotts d this.Notk. TM Bank sluil exercise reuorubN can in
the txsrody sod pres/rvstion of.tM ColNterN to tM txla?t required by appiieattrs statue, and e;f?eN bs deemed to have exercised naonable can it k takes wrdt
action for tMt purposa,~ Maker alter!! restortably regttat in writing, but no omis:iwt to do aqy art rwt nquesad by MNcer shall Oe deemed. ewure to exercise
rgsorttble pre, and no omiaion to comply wid? any ra0ttast d Maker tits!! d. itself ba deemed a faNun -to exereir naarabM an. Bank shalt not be bound to
tske any cape McMtgy to prsaervre arty ri~ttt ie the. ColNterM aDNrttt prior psrties and Maker steal! take alt rteoesfary steps for sych piwpoeRS: TIN dank or is
nominee treed not tx>fleet insenst on, or a principal af, any Collataai or giw any notiowrldt retpact to it..
TM Bank may txtrttirtete to Aoki any CdNaral deposiad Mrwr?der sfler the psymertt d thq Noa. if at the time d the payment and disMarge hared any of
tM psrsies IiabM for tM psytteeret hereof shad ba than d?ptll/ or oontirtgentty liable to tM Bank ere Maker, endorser, surety, gtwsntor or eeoottttttoderion party
d soy other hots. draft, bill d sxdtargs, or other ittRrwetertt, or. otMrwies, e~ the Battle wry dtenfgr axereae au right! viridt ratpsct to said ColNterM
granted ttsrein swn though thin Note t~iteN haw bean eurretttlered. to the. Maker: -
If the Balk deama itgif imeettn or upon tM happanirp d any of the followirq evantt, sarJt d which shell oonaiwa s ddautt, aq IiabfiitiM d each Mekar to ~ .
the Bank. inetudirp tM entire unpaid prirecipel d thin Noe attd soertted inarett, Nee any urtaernad intsrett and any irtaraet in exget d tM rreauirtttern Nbwed
by law--and any rebaas required by Nw, sMN irrtretedtstely. or hheeeafar, K the option d the Bank. axtwpt that dte cocwrarta of Id or (d) shell ewes wtomat-
it: aecNerstiar without rwtip a derrtetd, biooreta dote and peyabN: la1 tM fsflun d any Obagor to perform any obtigetion, liability err claim to tM Battle, M pay -
interest ltareon within 10daye after it N dw, or ff than i• no due deer, ahes it is billed or.otherwhe iaqueead or deutattded, err to pay +Iny other liability what-
soever to tM 8ank whet due: (b) the dpsth d any individw? Obligor, flits dissolution d any partnership Obligor or tM dissolution, merpr or oneteolidation with-
out tM Bank's prior Witten txtrtserK d soy eOrponb Obligor; te! dts ft~ing d a petition in bankruptcy or tfte adjudication d insolrettty a bankruptcy under ' _
soy raorgsrtisation, arrartgerrtsnt, resdjustrrtgtt d debt, dissolution. liquidation err similar pooeedireg-uttdtir any Federal or ear stators, tell or agahtte any.
Obligor: Idi sn application for tM appohaneant d a tsoaMr for, or tM rerkirq d s oarnral atslgrtrrtant for 1M benefit: o! ereditort by, soy Obligor; td dN entry
of ludgnvsnt agaireet any Obligor: tf! rlte itetritg d. any attaoMlNnt or garetiiwttertt, or the fiiirq of my lien, agsktat atyrpoperty d any Obligor: (g) tM takln! of;. -
posassion d any serbstarttial part of the poperty d soy Obligor st the irtttsteca d any gOwrnnM11fe1 wehorhy: (h1.tM dsgrminetion by tM •arth that s tetaeri- -
s1 adverse chrga has oopernd in dts fitta11ds1 eonditbn_derny-Obligor from Ute.conditiottt sat torts in tM most Want lintnciil statatttant of wrdt Obtipr
heretofore turnislwd to tht dank, o? from tM oonrEtion d wcit Obligor as hustofore mat. raoartth/ d"adosed w tM Bank. or that arty wsrrsmy. repwnaeiot?.
grtifipa or sssaneant Of arty Obligor lwMllNt oontaittad in this Nola or sat) pertsinitt! to or in conrtaction with Mk Nms or tM Ma+ svidenad by dtis Moss .
congirts an urttrw aatertear?t d rrestarisl fact or ostler to state. ntstariel feet rteoassary in order ro.rtteke tM staantsna treacle not eniMsaditp: err. (U tM ataigs- - _
went by any Mskar d, any equity in arty d the CotMaral widtottt-tM prior written oonaatt d-the Bank. -
TM Bartle shall haw. but thai4 not bs litrtited t0, !f» fONovairtg rights, Mdt.Of vritidt rttay ba sxarciMd at any tittM wftettter or trot this Nola ie dw: (i) to
pledge or trastthr this-Noss and tits ColiaterM and lira denit shall dwetePon bs rsliewd d aN duties and reeponsibiltdet Mrsuteder and rNisred how any and aK -
iitbility with nlpect m any ColNlard so phdged a tntlsferred, and-any pNdgae or trattehna tltell for t+H purposes sand in tM plea d tM dmtk hsrwrtder ertd -
hays aN tM righter d tits dank hsrwertder; (ii7 to trsnahr tM whoN or airy part d tht t~iNan! fnto tM rtatrta of iteetf or its nomirtes; till! to voter tM Cdlaaral
Iw1 to ratify tiw OWioas d any Co1NarN to trtsb psyrtMM to tM dsttk d any setouttb dw a fo beexntes clue thereon; td M dertwtd, era. tor, solNat, er '
n'"`e «w °°~~K~ a'as uses i~ ~n m'~`eans ue~Ree soc~a~es; t~n~° an~~r00~~s asps' gn
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NOTICE: SEE OTHER SIDE FOR IMPORTANI',INFORMATION
FBS 752 Raw 7/77 ~ ~4
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