HomeMy WebLinkAbout2184 'j,.,ts' INSTALLMENT PROiYtIS'SORY NOTE ~~Y
_ ~
tUaTLE ~Ef ASSOCIATES, INC. * • w Atitwtni Itaoalwd ~ It ~ 3590.00 •
. NAM le? rrarrtktn, tors;r.dlt none
tlelhsen t3ea~ch; Florida 33457. lifa~D~"'l1~ s
la ooaln.ftw~i etwivl ~ 1 o e
c _ tDl oats atar~ss uamaa
tEl !
NOTE N0. DATEIr. - Auvu~ 22,~ , . ~0...1,Q lFl ~ s none
. _ ~ : Septelaber 6. , to 84 lol IAAnt~
~ ~~itt ' s 3590.OQ
0llE•
1 W Inbraat _
PLACE: _ • . F~ORiDA 11~ Godlt IhtrattlOttbn _
For wive , tfte urtdrsigrted Ihereintftar glktd "Maker"1 foittW sod severaNy Uf ~ lJ1 Other !-~~r
more tMn prontile to pay to the of site bank, at is olfka Ilsteti above. site tobl lKl - !
of frayrttante ifrom lNl N rlgltt) d ~ • ~ Dollars payatsl~ In _~SL Ill !
aau+~ rnortthhr iMtdlrrMnb of s 79~ ~ ~ . the Iwt tMl -1_ ~ _ _ -t
J _ ~ _ _bt s 1200.40 ,
tnstalirrtant dw on ~.,~k_..
t
• .6 a. . w.~.. aitd subMatiatt aawknata du. on _ _ 1N1 love e!. RMiwitniib tct + l?iti ! _
- -
tM_~,>~Iday of ~~wrtth theraaftatto~tha_ with a FINAL BALLOON
PI:YWIENt
OF: ~NUAL I~pC.tN1'AOte RATE X
The sank shall imtrtna a daliltgwnev dirge a0alnst tht Malty ail env paymaMi er?IIOh has 6aeditlr. ti11g INid ti11YhN Iii tlalault for • period M anew of 10
n~rnsb t hathu pritl~eipal,tMb~rattd than. ~sitall
bi~wat
N inw~tlmuhttlpa!
~
tl fio
id il~r N i
la~ait u1
~
~e~
b?idi.~lUl~pw
r wib nta~da
hereurtdar shall be credited first to irtarect sod then to principal. however to tM avant of tWwtt, tlta: tlatdt tttay, ICI lb cola dbtaatlon, apply any payrttet?t to • .
interest, prindpel and/or lawful ehrga then carved It b the Mtantion ~ thi partlM hetab tltr! the prtlvNivtia herein aliall ltdt proirkla ttkaady err Nttihetly?
for the peyntNtt of • greatu reN ~ Mteresi o? dta nbntton of soy odtM e1Wyr ftNn b albriad by bM.1/r ltlr Ally NMOfIr ihtlraat M attaala ~ niNt bEal reb or
a ehsrge prohibited by law shall at any t&rts be pakl, aml stteh execs shall. Nthar etlmtltub and bg ttaaMd as • paytrNdM INi d1e pthlalpN a bg ratutttlad directly
to the Maker. - ~ .
ttw MakN nih? IkMw1? NN tattN! uMpg{d bglgnell nl the IwM N slily 41n1g. if !hi ttW111 WIINId IN Mlltr iglrlillltlr dt ~I~f iwnggd tM tdgbt shat ttteNw a
refuntf of lire urtaarrted portion of tM interest end kaurertpa pramMans ooteptlbd by tIN puN of ~11'a ellgNwd, gtlalpt chit t!N Vial) pg entitled to retain'
a iNnlntum IntNast t~targa M 116.11f1.
CREbIT LIFT ANb CgEt11t CLEF A DISABILITY INdUpANCE Apb VOIUNTApY i#Nd NOt ptWJlMtb ftOM CMEtfit. suds bteutanacovaraga b _
.wilable at the east da{gnabd bNow fa the sum of dta credit: la1 ! tw t~ralht tlh Itllutalroa IW !
for Gedit Lib a Oigbility Irgwartee:
Chock ? Gadit Lib Irgtrrertoa b desired on the life of
Md• _ ~14tirdru -
box ? Gedit Liter r!< Dlsebllity Irtstrnrtea b desired on
.-y_ Birthdab
l.~ Gadit Life and/a Disability (nMlranea b not tilsirad. -
Dsta: Auaus~,
t 22, 1979 ~,,,,wn
r s an a r
un
~ A: security for tM payment of the hlou the Maker hereby grant{ to tM : ty f ty: in Turtle Reef
~ Cored i ~ Recorded sirs 0. R, Book 263. Paae 2002... Unit Meek 4~fii"Cond. 0-17 •
Aot_ No. D-1T as described in sa 4 f110r goat!. ~
int:ludirtg all irtcraases, suMtitutioro, raplacarrtertri, sdditions and aot»ssiom thereto and in the proceeds dtarsot ihaninaftr eNlad "Collateral"!. This severity
interact shall also severe any other irtdebtadngs a IisbNfty of the Maker ep tM Bank direst or k?diraet, absolute or tarttin0ant, dw err eo beeorrttl dw, now e><-
istirg Or herNfter arising, ~nclud&q all futon advarteas or kteas by the Bank to die Maker. -
The bank to also given a lien and a security intarect in all property and securities of the Maker, endorser, surety, gurantor w secorrwrtadation party of this
Nog iharNnaftar retorted to as the "Obligors"1, o4yt-in of et any time herasfgr oorNnp into the control, antody or poslassion of the Bank, whether for dta a:-
prassed Dtrrpoae of bainp used by tM Bank st Collateral, er for any other purpose, and upon any batrtoe or bsbrtas to the txadh ~ rty rxarnri, indrrdinp
trust and agency atxounri rtrirtbined withtlte bank by any of the Obligors. and the Obligor agree to dNMr to the Bank additiatal ColgtarM or make sueA
paymMb in reduction of tlta principal srraunt of the kten ss shah ba satisfietory to the Bank. in the event site aforarrtrttionad Collateral tltall decline b veiw
a baeorrta urrsatbfsetory to tM flank. ;
Additions to. reductions or exdartges of, or wbstitutione for the CdlatarN, payments on account of fhb kart br inoraeset of the cone, or other loans roads
psrtiNly or wholly upon tht ColbterM, msy from tint to tfrrte be made without affecWq the prorisiorp of fhb Nob. The ertkthall axarpN reasonable Cara in
the custody and prpsrvation of the Coflabrai to the extent required by applicaWa statute, and sht1N be deemed to have exercised renonabN Ctrs-il it takes suM
action tar that ~rrpoee a: Maker shall rwortebly regwst in writing, but omission to do any set nos requested by Maker shall be deemed a taaun m exercise
reasonable ears, and no omission to comply with any request of Maker shNl of itaelt ba deemed a failure to exerciw reeeonebla ore. Bank shall. not be bound to
tetra any slaps Mcescary to preserve any rights in tM Collateral against prior partbs and Meku NtNI take eN Mplsarll claps for such purpoMS. The flank or its
ram4tee need not odktet interest on, or a principal of, any Collateral or glut soy notleattrldt respat.•t to IL
The Bank may continue to hold aml Cdktterei deposited ftenttrtder after tM psymrtt Of thb Note. H at tlta tint of the payment artd disdwpe hereof any of
the parties liable for the payment hereof shall be then directly or oontirtgantly Babb to die Bank r Meku, erwbrsu, nrretY, guaranty or aooomenodation party .
of any other nob. draft, bill of axohrtge, a odter kgtrunrant, a odtrsvise, end the Bank may Mereatbr exrebe aH rigltri with retpset to said Coltataal
grsnbd heron even tltotrgh this No1t shay hsma beMi surrrtdared to the Meke?. .
If the Beek deems itNN irtsaeun or upon the happetdrtg Ot any of the fdkwsMr ettants, each of eNtlrJt shall cortttittfb a datauk, a111bbNities of sash Maker to
the Bank, irtcludirtd the anon urtpeid p?irteipel of fhb Kota and aartntt IMarast, lab any unaarrtad {nbrMt and env bttarast b axaar of the nrxkrttrrt albwed
b1? law and any nbetet required by law. shell Mrrtadiably or dterafbr, at ttta optbn of the Bank, except that tM oocurrena d lei err ld) shall cause autamet-
ie socelsration;without ratio or dentrd, become dw and payabN: W the hSun of any Obligor to pertornt rw obligation. IbbiNty or cWm to the Brtk. to wy
interest hereon within 10days after it b dw, or if there is rto due dab. sfbr it b bNfed or odtervsbe requetsed or denwtded. or to pay try otMr Ibbt~ity what- ~
saever t0 ttte Bank when dw: lbl tM death of any individual Obliges. the dissolution of anyFertnership obligor or the diaolution, merger err consolidation with- ~
out tM Bank's pr'ar written eoraartt d amt oorponb Obliges: let the filing of p petition is bardcruptay or the atgttWesdtin of Ittlolwncy or bsnkruplcy undsr
soy reorganization, errartp~rrtent, reedjuctmrtt of debt, diatolution, Iktuidation o? similar proosedieq under any Federal a tote statub, by or against any
Obligor: Id1 rt appligtion for she appointment of a receiver for. or the mekirtg of a gsrwrsl anigrtrttant for.tha benefk of creditors by, any Obligor: lei the awtry
of judgment against any Obligor: lil the itluirtg of any ettadtrrtrtt or garnMwrttrtt, a the filing of arty lien, against argr property of arty Obligor: fgl tM tMtb! of
possatcion of any wbstantiel pars of tits property Of any obligor n the irtstana of any governmental authority: lN. the debrmirtation by die sank there • rrtassri-
>t adverse eirartge has occurred in tM firtarteial odrtditbn of any Obliges from file oadkkMts set forth bt t!N mast meant flrtattNal sbtamarH of cuter Obligor
tteretofora furnished to the Bank, or from the condition d such Obligor ere heretofore most raeaatly dbdoMd to the bank, or that any werrrttt?, r ion.
cartifieib or statamattt of atw Oblggr ltwiMtltar eohtaltlad M dtb hioN err notl partaNdttg to or N oontretlott wAth fhb Nob oa tits loco widattesd Noe
contains an untrw statrrNrtt of tnatariN ha o? oAtib to sbb rrtebNat fay rreassary in order to make des;tabrnrtb made not nrbleadwtg: or. fii esspn-
mart by any IiAakar of emr equity in rty d the Cdkttan{ withouc thg prior writbn eortsent of sire eenk.
TM Bank shell hew, but sfrNl not be limited t0, tfre followirp`iigitts„adr of which may be exercised at any tints sslratlrM a not this Nola is dw: lil to
pbdga a ttaANa1 fhb Nub and the Colbbnl afld tiler sates Mritl dtatattlron ba reibvad of aN tiutlas and.fatponslbNftNs Itarauttdu end ralbved hom aX!b sod aH -
(iatrility with respect to any ColbtarN eo pktdged err batahtred, and rw pMdgM or uatidaraa sltaY to eN pwpasnitbnd in the peso. of the eenk frrwneer and
hwa orb the riihb Of the eatlk harautMMr; iNl to tralYfar the ttthtlla tlr any pert of Clio Ooikitaa{ Vito site rtatria ~ ~ a its nanirtee: (iN) tc voce sir CoNStsrel;
(ivl to ratify sire Obligor a arty Colbteral to metre paynwrt m site Bettis or any emourrri dw or to became dw tit.non: IYI co demand, eve for, ooiktec, or
~e••+Y `~'~T1N~K~ asl used etre n encores lie
tee ssdc~e~es; `~`n~;~an~~re~~s a~ign°
s~
NOTICE: SEE OTHER SIDE FOR IMPORTANT,INFORMATION _ g~6' PlGEG184 I