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INSTALLMENT PRgM18~RY NOTE...
'~URTL.E REED ASSOCIATES, INC. ~ , . f11~ n~nattnt ~If~ed : ! St753.a1
- tBr ?reteisrrta fSat Credit .
- Jensen $eil~ch ~~tri' 3~45a _ . 1lf:~Dieability ~rr._. ~ _
. ~ - ld Doa±tmMitrY staape i Oflfl
t4? t~~+w u+..re ~~amie~r ~ s ~ nf)fre .
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NOTE NO. OATEO;.. ..,._~~Y.~6" .1fI,Ja. ,tf~l~ ~ ffOfl@,. ;a
- . tQl. Anwtrtts Pitartoed- 3.e7~~.~ F`
- iHr lnfaat i'
_ ! •
~ ~ ; • •ftOfel'tk? t1! Cnd1t l++rwtioaion ~ x ~s
~ ~ i
.For valet .the utaderppted (hereirtetter oNIW "Make"r rointh acid serrinlly {it tKl . ~
more tlts~a ontirN~i to pay to tiaaorder of ilia Benit; sat iq sat[foe lbsad i4orf. gla.toell _ . -
ol ~aymeots ftrorit,IN) ei ri~lttl of.;.~.g~~:3~.. ~_..OolyttlwrrsafiM in:..,.~,. ~ tL1. ~ ~ i
lM1 'ttttiuf~trt~ CHARQ~
~monthhrMsttlmatnoti :~._,_.~.aT. ~ ~~f~~ iH:1...It:i.r..' i....•~55,~Q f
instatlrnarrt. dins on ~ setKt ..1g.~.Q and wbeerh~rit irtsmUrtrnts dip oil - ~ ~ hod n
~ > . fN1 Toth of fiiYtrrenp.t~ + ~ i sa~~
tM„---dr1r ~ n"o^th tlwMft~rL wiM i FMIAL fiAlt:OQN~PAYII/ENTr81c: - _
liotte ~4IWHlJII~ MERt~NTA~;RAT~ ~ ' !4 - ,
_ DilE - - -
TM Sank ahnfll itryaoie s defingrterrcY'.d?atge ~ A~takar_ oa en'y payrrrrtt trtiaif>!t lace btoOfDf 411a sod rerneirn in.df~tautt for a period irl lxpes 4f
days i11 an amount equN to t~'Xr. of the- eraount of t!r prirldpai pat of tM paynrnt in d~hult; iA tfr arrest tfaet tIN Nos is tat paid In railer matvrky, III pair
menu, wttNita pripeepat; inttirast a • shaft. bar interast-at iris nrxistaarn? ~ vale aHowad wide air-laird of tM State ot, Fforidi4 AN payni«ta erode
ttereueader Mal! txl endiad. first to int,rNt aM dtatt; eo ptindpM, NoYwNr.-ir. Nit tawnt>dt dNs~Yfr, t1+~ Bank nMf?. in if= t~ mention. appth i41t W1l!IM+tt tR~
intareti, prindpet and/or lawful dtarg~ thM aoerwd. k b the intention' d"tM pertiM 1NrKo that the protritiate. hiiMn sfsefl not ptoirWt dMietlY or Indirectly '
for the peymertt bi a greate? race of interest a tM nMantion of aey either qwp sE elbv~rad by kaw, If: /a sew-neon. int[~t in ixwM of ~ttd+ hgel rasa or .
a ei+arps prohibited by law stall -tae soy-lima f» paid, any eud~ exaus disc eiH+t. ooetnitutrand tr its air a peynrnt on tke principal. or ba nfundad, dinatly .
' T1te Mekernry dopey tfr aatin.unpaid balartaa of des loin st any time. If tM foen it prepaid in fyUr k~elaated.or refirrrtoed, tM Mitut tittN noeivs a `
refund of the urtearraed portion of tM. interest and fnarsna premiuent examputed byalr AuN of 7~i metfaod, except MsR tM Bank sl+,N bra eMitNd so ettabt
a reainertNem interest drrtN of x.00.. - * ~ - _ -
CREDiT FIFE ANO CREt31T LLFE 3 DlSAS1~iTY 1NSURAfrCf; ARE.VOLUNTAAY ANO iilOt f~aulREC FOfi t~IEO1T= Suds inWgngoot{aratit ie
evaelabN st tM cost desegnrat~d bNaw for tM term of tM credit: tit = for Credit Lih (MUranpa tW i ' ' '
.for Credit Leh i Dusb{firi,lnsurattca:: - . -
Chstk ~ Credit fife letwranee .is desired on tM lih of
Appl. - ` l;Lehd~u -
'~aY. ~ D Gedit file S ONibeliri Inswana ee desired On - _ _ .
. _ _ Betthdaa - -
Credit Leh arad/o? pitabitity trtwreeree is not desired. Q
fate: ~ Judy ~5, 1979' _ signature ~ CIv - .
-
- ~ Signature
~Ority Iq tot 1SO.~~~03;e1`~?'"eii~~',` ~ - .`~c~: - _ fi ~ ,
1'~N
' enduderag all encreetes, wbstitutiom. rsplearnertts, additiau and axestioras thereto sod in tM prat~edr Hereof ahtreinafter glNd "CoNateral"!. Thie eewihy .
~ interest than eMo taswrti any other atdtbt*drtep oc liability of the Irhker to ilia bank diner a n+direet, absolus a txmtengeM, dw a to treortts dw, now.t>N
istirg et• MrNiter arisieg, indudiey all futwa advenote.a loans Hy the Bank to tha'Meker. - -
The Beak is abo given a lien and. a sewriri Mtaest in all Peerpari and seduities of eM Mdtar, aidoese!. aunty, guaantor or acconwnodrttioa pari of this
Note (he?eiertter niared to as tM "Obligors"1. crow in a. et any tier haeefcar oomeeq laic iM oonirol. psstody or posseaeon of iNe flank. wMihw fa the hc= -
wetead pwpaee of btaig wed by tlta Bank as Collesenl, or to srty otitar purpose, end upon any balanp a betakes to tIr credit of any aooounte„ ineludirtg _
trust and aoeissy aoeowtes rrrintainad nyidttlr Sank by eery of dr Obligee, and alts Oblegore aOrM to deNver to tM Sank addnionM ColMesraf a n+tka.eueh _
payrtrMte ~ reduction of tltt prineiptl smount _of tht loan M shell be gtiffaetory to rite BaNc; in the ereett the aforartentioned C011earti ehNl ded~ M alas ,
or beeorraa uewti=tiCtOry t0 tit ~areii. r - _ -
Additiotr to, reductions or eadtanPs of, or steestitutiorts (or tht Coltaseral, ptynrnte on account of daft lwn or increases of tbt seer. or otMr IoeM ntede
txarteelly o? wholly upon. the Couatertt, may irons time to tint be ntede witiaout aifeetirgdtt provisbm of this.Nos. Tfit Benkshell e><erdsa neeossbit art'tn ,
thr evttody sad preMrvation of rite Coileteral a tfat exam required by applitabie state». and shall bt desittad to have •xgtited renontbie Care if h.takes sirdt
action for that purpose a. aMknr shed. raeeortaWy regtrtst in writing, fiat no orraitsfon to do any sn-rwt rpvwad b1r fi~aka sheN b~ dtertrd ~ failrn m sxercae =
reasonable an, sod nb omitsiort to comply witl_
t soft ragwsc of Maker shNl of itself be deemed a failure to eaarcist renoneble ware. Bent sl+all not be bowl a
eke any saps rteoniery to prteare. arty ~%ightt in die Collateral eg~irst prior pertiN.and AAeker shell take all necstsaY step tar sink purpotss. TM BarNc or ~
nornirasa creed not eoliett ina_ rest on. or a prineipM of, tort ColhMraf or glut anY notion wigt ~etpeet to it.. a~
The Bank may continue to hold any Coflatertl dspotited frrawader aha itr payment of this Noe. ii st tttt time of tlr psymertt eed diedtaeps hereof a~qf
tltt pn'tNe _leaWt fa tits payment f,ertoi eheU be.tliart dieaM or eonehtgentiy litblt m tlr Sank as illeker. artdoraer, surtty, gwrantor or eooaantodetion deny ,
of any otir. nos. doff, bill of exchange, or gtiser itattwrrnt, or otkawise, and tM 9eeek rrr11 Htgetffar axercist all righ4e with respect b said CoNatarM
granted iteretn wen tlreergtt dean Note shall Acre been surrendered eo tM Mekar. -
!f the Beek detnra iteelt irasarn or upao 11ae lNppatirtg of any of tits foeorvirtg events, etch a! M1tid? shell txanstitua a dafwit, all liabilities of ehek fdtkN to
the Bank, irtdudirp the entire unpaid prinefpal of this Noa and axrwd ietateet. tae any urreerned interest and any Mtersst in exceat of tits maxirittaet allowed .
bt? law and any rsbetee requend by law. shell iatrirdiateb a tlrresfsr, an tree option of tilt Benlt, except that tM oawrata ai k1 or Idr t~ ewer auwrirae-
ic aooelerstion: witftprt notip ardemeed, beoorasAtse and tsYable: (d die failun.of say ObllDor eo perform arw cbligetion: liability or, Bairn to the Bank, m peel,
entareK hereoet within 104tye after it i. dw: a H tMn N no due des, attar it t. bi)Md or odsaewiee. eequeeted rx dentartdad, or to pay. arty Dthtfr liability tMrt - _
solver to tM 6anft whin dw; for tM detdt of any endividuei Obligor. air diwoluteon of stair pexteratfsb,dbllYor a dti dieeolsstion, rirrgst ar agaeolideti9n rriM-
out tree flunk's prig srrirnn ixarosnt of any eorporaa Obligor; to ilia fifMg of a pethtgn en bardtruptcf? a the adrr/ieel rice of insohier><y or benkntpsgr under
any . reorganimeon, arrartgetttsnt, rse~trsaaerst of. debt: dLeoitnion. Nqufds>tion or eiraiNt praoeedinti tender any FedsrN a :tea status. by a agrbtet cave -
Obligor: tdr an appligtion for tttt appointertent p# a?aoeher fOr, Or.the mekinp a! e) tlaMn! aepgttttteftt /or the benefit of creditors by, arW Obligor: lea! efts easy
01 wdgmertt tgeina carer Obligor, alt air iewiry of any Rsdtma+t a rrnisAmatt, a dtt tt7irp of say lien, ageNtst ari propsity Of any Obligor; {gr efu altiey ea ,
possession of any sstfastantiei teen of titapoperty ar ari Oblige ee eM iertaaa of am goverewnarai atedaarity: th! the desamerrtion by tM lMtk tlret aetsaerM
al adverse ottangt Ire ooarrnd is tar tieneteisl ooetditioa of any Obligor from dts oofdklOtr let forth in tM eaott reoaM fietetrcial ttalertaaat d sudrObligar
heretofore furnisird to tM Bank, a front tfts eartdition of each Obligor a• hereeMon ntat trtoNrW diedoeed to-die Bank, a that any wenanri. reprasaatsxian,
certitips a esteetrnt of any Obligor (tMtedatr oontaitted in this irote ar soil pl~eeinY to o? in eoetaattion vrith tfiis Nos a tf?e loco wideetesd by ilia Iriose y
contains. en uratrw Gatemen: of niesriM face ar amiea tp t~ wwaW taet.neoeaary is ads to mda the staamena mtdn not +aiMeedMd: or. 1i) tM aleigo-
rrttnt by arty tlAeke? of aerY ea4uity in any. of elr tytthottt~lM"prior writis4oosrerq d tfte Bank..- -
-s
The Bank sirefl hers. but shall not Ir limtad tb, tlii rlidtte. ead?'of tt melt be exsreieed at any tirrr rdrtiee? a not this Noe is_dtee: ti! so _
pledge a tratrtar this Noel sad tar Coueserat sad tiet~est slap ywotipoab~rolirrad of all Burins std raspoeasibilitia Itaeuttder aid relieved f?oni fray and all
. liability vritlt reepeet to any Cotlesral so pNdgaif p uengtir~td. and snit vydYat or trinderw rIf feU sal pwpoees etend in tit plea of tlr Ylwk hM+trrder ertd -
hew aY tM righa of tM leak hawrtder; {fibre tiaetefstr tilt tsdtoN ~ er(Mi; f~jM? of ~ Coltatrrd into rtenie of itself or its nominee: tiiN to von tits Coltoeoisli
twr to notify tke Cblifpet of any CollaswM eo nrlss payeaait N tM Baesk of any. ariiouesi Bile airab baane dw . tttereoa; {d io denrtd, nice for. ooNaet. or
n»k. ~t? a~SC~ a3
u'se` I~er"`e n deans u~r~e`~R~"ee ssoc~a~es;'~n~a
n~~r°0~ a~sip~nots.ae_a caua.~,r.
NOTICE: SEE OTHER SIDE FOq IMrORTANT INFORMATION
Fos yet a.v ~n~ -