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HomeMy WebLinkAbout2687 - Y . s- - l.. ~..+ai.V~''A` -avi.:t ...tit1}+~ _N•-. "~+~.c ~.':~fv1~-' :i.. _ v. . . .i • ` INSTALLMENT PROMIS80RY NOTE - i ?URTLE Rl:E~ ASSOCIAt~S, INC. * tAl 1?ntotiM ilaeaNMat1: ~ ' 7516.00 ~ y - - - -_f lr~ lo? _ Jens:an- 81lAth- l`1ar1d~ 3345~?, ua duwul` ~ none ' ' _ _ Id bewl+tihatit ~ Inl t i~w, tllrhtlNl ~ t~,? . r~k Na. ~ tk?talf: . April i9, IM - ~ orte `p one: ~ iz , lol At , r. C. 0,,~. ~1, . ~ . , to,....-. ~ - iHl-infitratt ~ PU1fi:: ~lf LOR1itiA~ - IIt - i~Ni LhYapiptbn ~ ~ - For value naevarl. tae uradasgrtad lharNeytter r>.INd "Maker" 1 itatnllY aril Mwralb Id - IKI - ~ ~`110f 1E'"'`"' tram than tana! promh! to pey to.dte order d !tu bbnk. at tb ottio~ hsyd.btatw du rota iU ~ of Pat?tna+ib ltreutl lNl it riylitl ,eK .r._ t~olllr/ {flyli!!I le~:..~1: aqud monthly iratu a of ~ tlN illli - ~1~ ° . ~ -5426.00 _ ' trtllplnteM tine a+ ' 1. ~ ~ , ~tii tw+d ai~lwnc Uubikro>hM dw un. '~;"~T' eM~+L~sy o1 tK th ,1rtINAL dAlLOON P Y lN{ tbbl bl: hWlhMnb,11l; YI ~ thaas~t«L __„w~.ll~--------.~_~1i ~ ANNUAtl~pQtN1'AaE AAt~"....~.:......~li? s ous _ ~ 10:.,..,,,. Thi~&ink thrfl inwa~ ~ tMluwlwner eharM ilia Mlkat.wl any patlM tcitllh hl» faNdlfdl.dlM gild +iM111111 IM delaiit ftsr->t 1»tbd tn.warM ai i0 ` ebys in an antotiM W. ~ ol.thi antoutat of the pbtekal pert of l~~payrtaktt to tllfauk: It1 ills wettt tN~4 tie Mhrb N act IINd In hill N M.ttuitr..lt a•v nano, wiNdeN prlttetpal~,lnbralt a ddi~wM. dull blw inlWlt N tin inaiNlrtlAt litw) tatil Niowlti tMidet tllf.irlid ~ ~ M Mlp?ide.lUi pl!tttttanb rwrd. harwrWSi sttiall b* cradiW t` to intarMt snd titan tb priyeipai. howe9ar irf `tFii MlNtt of'ttahuit, N» IMMk ttliy. M l11 dN~tliloll, MMMY.eitw payment a Interest. WhielpN axd/a I~wfW r~tf~ry~t tMn ace~rtwd: N it the Mtlttettoft o~ d+it`liilt4W _ IyfN4 thN tiN~r hirliN - ! tttit ?totldl~ dlr~eti~ oc idb~eth ra tree peyetunt d a ~raatN raa of inbrest afire rrbntlon o! silty ettitN IllilliM.deNt N eliowed fay taM?. !l twloti, tAbnil d+ tr,irw ei iwf~ i~}t after a a ehuEt prohibltexl by law tytaN at any tint ba pNd. arty wilt axoan t~1erN NNn? eorudtuN MMI !Ie leNMd M i iNlltle4fi t1M !~M IttUlelpN tit b1 Mf u ud~d dkt~tlY ?'1n !!I~Itk Mlly lkMMl? dM ldtlw WWIWf ~ilfiMd/ tl! dN ~Ilil /1 ~ ll!!M. {~1 ~ ~ ~ NI f111~r II~~Ili1w W l~III~IIYII~d~~r 11N MIkli INN) reeelere f r+dund of tlk utNerraad po?= ref flier Intareut ttttd I+nwp~oe.ltrurtillttM tattepubd by tN1- _ 1if 1r'I t11M1lNMli bit*Ii dwi,NN e~ ilnll ~ eNiltleft !o ?atNn' ' s rMnirnum IhtNMt ~tN ot.l1Q. - . t~tEblt ~I~E`ANl~ CpBdit LIFE f1 D18ABit.ltl~ INlRUfUI~lCL iU1B VOLUNtAIlY ANt! N!!t MEl~UIMltb Mdl1 IrMtlfit. rued hrutenoe tawrara b availeiWa at tM eat dai~ttabd bNow-fear the tarltt dt file oradit: la1 • ~ tilt audit u11 ~nNlrateF IWa la Credit Uh Jt l~rabdity frawartoa: - ~ - Clwck ~ Credit Uh InMUarka-b duind on N+a liN of - . dos d Credit Llh li i~itrbllity Inauana h.dhlrad on . r~1 _ . ~ ~ ia~titdlb _ u _ Credit ut. ru~d/w DiaWnt~r Itaii?~nw err heat dadrW. . ab: Agri 1 19. 1979 _ ~ sspat.tiirt t e ri - w _ As severity fa Naa t the to tier a ~ that ,tr n . ur e - ~n~l'. 1, ~'tCOi"aea 011``~r'~':~`. ~`h1c~t~;'~ ~'t0Y3~'", . ~ - - . - , - intlwlirq all eraeraatas. substitutions, nplaeamarats. additioru and aoexaioru thereto snd in the prooaads tltarwt (hareirtattar called "CoNawsl"L This tawriq J..... u i -~ir~r J...1 Iv ~.w~.r intltKt dull abo teeHra amt other uad~bndrtge Ot liability of tla! Maker M tIM dank.......,...... _.......~siM. deN err to baeonaR doer, nave e><- istirg a htrNttar atbirq, aFncktdbp au futon adwtaoM or loans by the Sank to tiaa.AAaker. , the Bank is also eiwn a lion erred a taexrrity interest in aN prapertY and tectlrifiae of flee Maker aaadorMr, wnty, edarintor a aceornnroelation pony of the Note IiNrainaiter ntt+rnd to M tlra:"Oblteora"1. now M or N any time hrwlgr rpomtrq Mto tM t~ntrd, ewstody a poteaeion o1 the dank. wltetMr for the ax- _ grassed purpgea of ta~irao aced by she Birak as Coltabral, ear fear any otiw purpola, and upon arpr batana a batanaM td the vedk eat entr axaante, irldudirr0 - trutt and aoaraey aexotarals-n+eintainad withtfr Banc by any ed tM ObUeore, and.tha Obiieon riprae to dNMraa thi dark addittonN Coliatarat a make wilt DaYrtuna ifs radtaetion eat flier principal timount M the loan a dwN !>t aeiaaetori? to the Bank. N 1M arrant tM itorrantantforne! Cotbtartl lt+N1 eNe~ina in vMW - a trecortae urrsstbfactory to tM Bank. ` - . Additions to. radractione « eaidtara~ ot, « subatitutiraa to Hera Crallabral, paymntes can aeoount of thte loin or irlerNMS of the tame, a other Baru made panialhr ear wholly upon therColbtarai, stay Prom time to time be retailer without affeaetka0 tht proeidons serf fhb Non. the dank hall axareba raasoneble cart in _ ~ the rantody and prMarration fN the Coltaterat to the extant rarluind by applieabla tatNutt. and tali ba daented to have axarcbad reaeatabN sere tf it takeu:usA action for that purpose a taker shill reasonably regtaNt M wNtitp, but rro onaM fbn to e!o any #et ne?t raquapd by IAA dull bet daartt~d a taNan w tsa?cha reatoraable run, and rw onaiseion to pon+ply with any nylMet sit Maker etaaN Ot lbalt ba deeartad a faWan to.e+xarcbe rae+tonabla earn. dMic the+ll not ba bowtd to ~y'- take any sage raaaasay to prrlMrw ary riehu M fife Cellataral aeainet pHOr pearlier and AAakar thaN tair+ W mcaWry Nepe tot such purpalN. Tha dank or its - nornlrtaa mead not oolleet Interact ran, prlnefpal of, any Collateral a 41w any notloRwiM rapait b k. ?iN Bank may etarttirxa! b hold any Cohataral dapodbd MtMrnder aftM the payretatt eel fhb Noe. If' at tM time d flea palrnunt and diedaaroa hereof sny of tlra genies 1ie61a fa tM payrAnt hereof dtaM ba than directly Or eontiraeeratly liable to 1iN defile M ?Makar, endorwr~ syraty, paaranta a soeortrraodation pant of any eatlaar nob. drah, bid tai axehw/e, or ottrer Iruhcattaartt, « otharwMa, and tM dardc atny drnaher ateertdse Ml rlNate with respect tb acid. Collateral granted haraia wan ttatayh fhb Noe data hire been wrnrtderad Hs flea Makat. - - If the dank deems It,alf inucurt or etpat file Napplhhtr Oi any trfatte fotlosrinr awantt, taleit 01 whk+h shall taearwftub a eiaiault. all IhlWiltta N Milt IAaker to the dank, incltaditr0 the MttN unpaid ptietclpN tlf this Nola and aeerwd Intlraet, less any uhaMllMi lntiirnt erred airy MtetraM M aRgrM of tM rettxNtwn adowwl bt? law and any cabala required by law, thafl MrtrttMlEately a the»afbr, at the raptlon serf the igalek, axapt that the oeeurratloa M kl ear till shad caula autonaaf- ic acceleration: wittaoert notiq a danland, beoeptta delea acrd payable: !a) the. fstlun of any ab11Do? to pertotrh aq raMiDation, NeWllty a dakn to tM dsnk, co pay interest hereon within 10dsys after It b dye.'ra. H then i. no clot elate. sffer to b billid ear otiaarwiea raycrestad or denundad, « to pay any oel»r liability what- soevar to tM flank wharf etw; ibi tM dash of any indhrittuM Oblioerr. the dMsdution of any bertnatdtb Obligor eve tlN dbedution, merger a oomolida:ion with- - out flea Bsnk's prior wrltteh eoruant of any eorpdratii dblyer: ial ttte tdfrg cif a. petition in bahkrtlpby ear titti atylydleatlon serf InwMneiy a bankruptcy under any reaoanisation, artaraarnarat. `taadjwtrtNOt_eft dlbt, tfiaolution, ligtaidstion « similar proeasadirp under any FerdarM « steer tnawa, by or aeeirut any ODaigor: fill en spplieation fa tiara apprainttttant eat • reOiiYir felt, er tM ettakfn0 of a /M1MM ateflrwrtMtt for rho beierafk of wdtteire by. any Oblieo.; lal der entry of lutfp,nattt ageiert arty t7Wya; lfi tlla iselairae eat arltr attadarterat «tterMdwtutt4« fire rilirte of any lion. seetnee any property of any Ablipr: (e) the bteirte d possnsion ref sny e+trbtbntial 0~ of tM property fs1 dny Oblipr at dta frrtarroi of any eovarnntaatM authority: (hl the datannirrtiran tsy flu dank that a matari. el aetwrM eatattea hN Ooeu?red N the fhlarleHf CdllditiWl tH any ObHpr irolh the OotNittitatta sat ltardl M do most tee7Mlt firtarlelM etatannnt art ,tlda'Oblip? i heretofaa fwnrlrafr b thR daMc, el? front tlla Cott111titNi eat such ObiiOor at hlratofeaH rtaoet.taalrltly dbNutad to the dente, ex that any warratMy, nvrasrntacion._ - - c.?atlata or abtMtNtet of May Obltpr ltaheNMt MIItWNd M dlk Neu ear Hoff pettaYllA1 tb of f~i tiautnetioh wilt this Nob or the ken avidenald by ttris NaM rontauw an uratrw wtatteMit d Anb?Ifi fpet of ltlelb w etsb nettNtM feet rraoeseaty M carder tla mab file /btarttanb nude not ntaiaedinp or. Id flea aaaian- Hunt b1? any Maker of any. putty M any d rite CtlHMfitai without the prWr ssrktan eeoneMt of tM dark. '1'ht Bark shill itaw, but slattl not ba kerlibd to flea failowirq tlpleb, e+eeia cif whkh ntay be axareieed at-any firm whether « not tltb Nola is raw: lit to pledge « trarrfw thr Nett Mld tMe Ootlebnl afli ~Ii HtMr nail illMatiiseMt ee rMNved bf MI tlutiN edtd.ttflportWNlltMt tNraundar artd ridataxi front ethy and aN liability veldt rarpeet to any Codabnl a plelyid ttr .and arty ptad~ee or tranNatse dtedl for aq purpoew ebrld In tits plea of the Bank taaraurader and have all 1M tlwib tlf dN aelNt ifItWlldM; fUl ttl tI~1A~etlwie et tahy tMrt ter! db Co1lafMal Mtao lfla hellte bf itat>if a? tb nontinM: libl to wb the Cotlabral; (ivi to riotNy the Obipere of Gray f;olNssral to ttuka payrrrutt td tiaa Bank M any amotrrtee efw « to baootrnl dtla tttarwes; ftrl. a darrarad. eve f«. tollaet, or ' lea ~w `°~~~iC~ a'"s user ~i `e~r`e~n f pans ` u~r~`e10~eesso'c~a~es; tai sn~`~rCO~t~ aass~ gn° s °i a ~Od"'nl' ` . NOttCEs SEE OTHER SICE FOR IMPORTANT.INFORMAt10N e~ - . Frs era.. >'n~ SOUK , Pllb~4