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HomeMy WebLinkAbout2148 Z • 111~STALLMENT. PROMfS80RY ~NOf~, i _ TURTLE REEF ASSOCIAtES, INC. w Aattaunt Itaaiwd e--~t,A40.~0.- . t~ ts} PrntMam for ckedlt none Jensen 8ea~::; Florida 33457 td ~"'rt' . ~ one _ - lol othu dw~ htrntt~st i Itl i e HIOT~ N0. ~ llAtEb: a"..~!~t_19._. . ~e?~. tFt a one lol MataYnt PMWtoed . fwE: SeTtai.b~ar 1 ~ . It)84_. tr?. e, c. o, i. ~f i 4.00.0© - llq Inww - • PLACE: ,FLORIDA h? Cndlt httteitl~lon =.~..~Rg...~_. F« vNw received. tM wttisraprad (he?sktsfter celled "1tfWter"1.}ointly end aerhrslly tit ~ KI Other , _ E - mort Batt oaal txomiw to pity to the or~r 371 M itt otfia Ib1W f t1~T IU E ~ A of Paytnentt Itran IN) et rI~M} d- a ~ ~ boflan ph?eb)i Ili =T_, - - - - squal tttomitly iMWhrMnb of i ~ - ~ . rise tYtt - l~ H t--, J, li, l ~ . bR - 1.35-1.00 - aratslhttera due on „Q~ilC, t_.._ . t9Z2... cad eWatatltaeatt kteleihfMnb disc-an fNf ttabl ttt. IIiM?nn+w 113 + fwll i des dey ot~~wntA tltenatwLtoErtAe_with ~ FItiU1l BALIA~KP,l1YMENt OF: ANNUAL MLIICtNtAGE gATlf : DtJii ~ 10:,,;...,. The tlenh dtail ttttlxrhe a ttiiMtgtaatcy dterN aorutit dte Maker tltl tttty tleyN~etN taihlbh tees beelNM diM rNd 1fNllilfll IM tiettwN !ot ~ period th a ~ 1 4 csya. M aK anwtiM equal to f196 Qf the amount of ifte principal part of rite peyaiwatt in del~ult. Id rile client dNt thk Ntlr N Not ptdd M tali at nwturlty. QQ~~~y-' , math, aalailter prfedpel, IntentN « odtetthha, dtaN trier Int~Mit N dfe tnetewtw ~ ttlb etklreed tlndet the heel tlf Hlk Atlltk d !<IorNle. AN paytttaMe tdRle = Mrhundtr daft be arditad tMs~ to interest and tltsn to principal. ftoaa*rsr, in tla starer of detauk, the sank nWr M Id folk dlleMtlan. reply eny WYmant to • intargt, principal shd/« lawful dtrrpa than sarud It b rtes htention of thft portal hMeto thtlt Hte peyhlotle htlniht Mill nut MtfyMdk dtreetly « irtdkaethr = t« the paymMrtt of a 4raaw rate d Itttarest ar tIM tetentigN d say atlMr dalfN thtttt M tlletYed by ittw, lit cur PNy tieiolb bltrrest iN ettekM of Hach feel rah « a charpa prohibited by law afaN st srty tune lee geld. any sudt ettcees sFtsll Ntlter twtatltute and bk teketed ali a YIyNNMt all tfN piNebM or bk reluaiMd ttkicthl ' to thtt Mika. - - T!N tdklttk ntey ptkpMl dM fNltllk (i161rN1 btllkflCi fll dM ttlell N rites 1~.1! ~ law N IMMlild M WN. ttbtll111iliilli eR }t1~I11ifN01d. tM tr1~ t>>ltdl retelae nlund of the unearned portb~ of tM interest and inMlrartoe praattNmr oaatttNlltd b11 thk 1ltIN et ~'a tttlHtud. Felder thil th! dank tt}atU pe enlttkd to retaNt' = a iNnlnratn interest ehar~e M ~.1q. ~ ~ _ _ CREb1T LIFE ANb CpEblt LIFE ~ WSAf;ILitY INSUpANCE ApE VOLUNtAgY AND NOt tlEbUlflEb ROf1 Cl1Elflt. Uueh htstitenet? b hwUabb a the eat dedplt~sMd below 1« cite tents of the txedit: fe} i ttl? taredl! li)t f+lMltettee lb) i - t« Credit Ure i pbaWlity Iraurartoe: - ' Cltaek O Cr.dit are Iwana b chaired on rtes lira of - Aaa. ~ -fu~~lta++a . Bo: ? Credit Uh A Wawihy Imw.ntta b d.dnd on _ liirlhdeb ~ . Cradh utri andl« biaablNty Itburatta b not desked. - o,h; August 19, 1979 s+a~ature o e ne Aa ahwrity f« the paytnenc of the Noe tla Maker hereby to the . serest ty tin t i d I n Turtle Reef ~Qlid I , ~I recorded i n 0. R. Book Z63, l7aae 2g0 , Unf t weeks 30~i h fond °~p~:-Nom= as .r described in said trort4aae inthldNq all inassses, substicutiora, nptaeenana, additions and aoaasion tlareto and in Use progada thereof (harhirtafter wiled "CollewsY'l. Thin thwrity interest shall aho atKUre any cries indabtedrteaa « Ibbility of the Maker tq the 9ahk dheet « irtdifeM, attlaiute or eontinpent, due « to beoortq des, now ex- istirrp «hhnafter ariairg, aN future advartgs « loans by~ the Sank to tM ANeher. . Thh Bank is stew P~ a lien and a ahwrity inthreat in all prophrty and sheurities of tM Meltsrrertdora~r; aunty, 9wrsntdr «acconrnodotiar party of this Note (lareinafhr nfsmd to ~ the "OWikors"1. now in ai at any tins hhreafter coming into the eootrol, aatody «poaseasion of the Bank. whhthhr t« tM ex- - txassad purpose of bsirto uahd by rite 8artk ate Collathrsl, « for any other purpose, end _upeMi arttl balance or belMtoii to Mte txadit of any atxauna. incMrdirg trust and secrecy aooottnta maintained withtlr bank try any of the Oblfkora. aM tM Oblloora scree to deUrar to the Bank sdditionM Cdlswat « nthlce vetch oaymata in radtretion of tlth prineipM amount of the ben as alall be shtisfaetory to tM Bank. in the event tM atoraarantian~l Colbianl drNt csdira in wtlue - or bacana urpatisfactory to tM Bank. ~ ~ _ Additions to, reductions « exdtartass of, « wbtitutiora t« tla Collawal, paynana on atxoatnt of thb ben « irKrhaNa of rite sane. « other bans made psnisny « wholly upon tM Colliwal, nay horn time to tins ba made tuithoue dhetin0/M Prarbiom of thb Note. TM Bank Ball ereeraae raesortsbN can in the aatody and preMrvation of tIN tiolhteral to the e,ctent required by applieabls statute. and dthN be dhemed to tests exercised naaonabM tare it h take wren xtion f« tMt purpose as Maker daN rees«aWy ragtrest in writirtk, but no atetbdort to do any ad not requested by Maker ehaN 6e deemed a faiun m exhrcise ?.ssonhble can. and no omission to comply with any request of Meksr Ball of itsef be deattra! s taNure tD exercbe natortsble care. Bank daN not be bard to . takt any ceps rteoesaary to preMrre arty rietta in the Colbterel akeiatet prior parties and 1Aa1tK tltafl take Mt rtaoaelary crepe f« ouch pwpaees. The Bank « is ~ nominee need not collect interest on, « a principl of. any Collstersi or pale any rtotioawith respect to h. - . TM Bank may oontirtw ao hold any Colleteraf depadtad larawder attar rite payment ~ this Note, if a the time of the peymanc and dadtaroh hereof say of tM parties liable for the payment hereof daM 6e then directly « oontirtoerttly liable to tM Bank as fYlekw, attdores?, swety, itaenrtt« or sooonrnodhtan pony " of tFp? other note, daft, faiN of ~xdwge, or odor inttrtarrMnt, « otlterrsbe, and rite Bank rrtey Utersafw excretes all riplta wide rehpsa >d said Cotlatast panted hhrain wren thou0lt 11?is Note shah here been starnrtdend to lira Maiutr. . If the Beak deems itself ineet:tan « upon the itappenM/ of sty of the fdlowirp attentb east a erhkh titan oonstttuh • deiatait, aM IieWlitlaa d seen Maker to tl» Bank. irtdtadfatd the enure unpaid prMtcipei Of this Note and ecenMd Mteraat. laei Qell talteetlled interest std any Fnhreit b excess of tla rtaxkrttartt allowed ny lees sad any nt»ta ngtaind lM lees, shMl intrttediatMy «dterearter, a the aptfon al lira Naafc, except the tM ocwrr«ta of k) «!dl dtail settee autontst- K aoulhrstion; wtdtotrt notice «denard, betxhttedw and o.y.tala lei da faikuh W srty Oblioor tt? part«m arw aftlioetbn, IisttMity or awn to lira steak, to pay interhat hereon within 10dsys after h ie des; bi ff dears le rwdw date. afar h is belied «odtsrwiee requested «rNnwdhd, «to pay say other i whax- soevsr to the 8srtk wren des: tbl rite deatA of any irtdiridtal Oblio«, tla diasolutbn d any bertrterdtip Ob1iDa « the dishokation, merkar «consoli-' t with- out tits Bank's pri« w?itten eoraartt or say oorparaie Obligor; k) eta Hutto of • Patltlon in battiuupt~l? a the ecjtadication of inwlwtey « trtdsr any rsorphniration, arrankntnrtt, nedjwtntertt d debt. dfahoitrtioq, liquidation « skniler proohedirto urda? any FederN « stele stawfi, bb or say Owipor: td) an applkheiou f« tM sppoirttnant d a reoeirer for. or the rnkMto of s cereal astiprtrrant for the benefit of uediton by, any Obligor; te) tM of irdement aoeinst srN OWq«; tr} rite bhuirto of arty aetaehnant «kerrtMhntent,athe fitirtk of any }bn, aoeirrt any P?ophrty of ariy Odipr; (o) tM tetdnk of posahaaan of any substantial pert of rite property of any Oblioor at dte tetstsrtce of arty 9orernrtantat audta.iq: Iltl t1a determination by the sank dtst • rwswi- at adrphe oharpa lea acewnd M tM firatteiel eortditiort d any Obiioor tram 1M conditioae set forth b the moil recent fktettt;iM stetament d etadt Obtioor hastofon furgitfted to the Bank. or nom rite condition of each OttUO« es hsreeofon moat taoarttfy disclosed m the Bank. « tltat any wwanty, repreaeaatiort, ' rertNieete « iteternertt d ants Oblyer (taattefltet eentaittsd M thb Nab ar tta} partsiNetO to or ih eorMtacdort whh thb Note «the bent eridettoed by thh Noe contabts an urttrtN ftaterrMM d rtatarW het at 6Atlte to state ntawid feet rteoessary in abler m resin the ehterttetta made not mistaedirto: ar, lil tM awikn- msr?t by say Males o/ anal equity b any of Use CalleMrat without tM prior wrhten tArtssnt d ttte Bank. TM Beak Ball Mw, but daN not 6~ fietiited t0. ~feNowititi'fo~its, sadt of whldt may be exercisd at any tints whether « na tftb Note b dtw: lit so ptedoa ar uewsNr t1Na Note ttad rite Qotlateral end rite aeftk Mtea dM?atgoa bk rNierad of alt dttNee and relpanNbilkies IteretMttler and nHared nom say and aN liability whit ret0ect b any Co1MwM ho pledoad W trattsfarnd, and any pNrloee « ueeteferw dtaM far aM purposes eased in tfta piece d tM Bank hsrauMar and bare aN rite ninth of the lleNit itMNMnIp: lYf to ttefWer tick w1eoY ek any pert d the tblletMal Mtto the aiasde of iwM «its nawirtee: (lli) coyote dti CoNsteral; tit) m notify rite Oblioora of any tbNatral m make peyntera to tM sank of any arrtouna des a to beaters des tftanorr trl t~dartwd. itra for, ooMeet, « arks any o~~K~ a~sus ce~` I~em`re~n means u'~r~e`~t~ee sstic~a~es; `~n , an_ ~r a~ g a callh~at. - NOTICE: sEE OTHER fi1DE FOR lMrORTANT,INFORMATiON B~c~.~_ raGE~~