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' ~ ~ INSTAL-MENT R4MISSQRY ~pTE r~~
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tURTLE REEF ASSOCIATES, INC. ~ lA1 Nt+ow+tp.»Iwd i.~...¢7-
,~Q.00
.AN ~ le1 ~ ~t i none
Jensen 9each, Florida - 33457 ~ lcl i~._
Ia1 odter ~r~ (ItttnUSt11 i
NoTk No. aATEa August 23, , tB 79 , lei ~ Q
IFt ~ i one
Itil Atelowtt FinNtogd
nuE• Septealber 6 , te.~89 ~A, r, c, o, lE, FI ~.~90='
1H1; Itrtnasl ! ~
PUCE: , FLORIQA 111 "Credit iltrreallgetl0n s1~ ""4 . ;1r
For vNw neeived, tM under ' ~ Other !
srgrrad (IrarNrratbr tailed •'I~hkar"1 jointly and atwrally hf lKl i~~
mere that oral promise to pay to dta ottiar of file tienk. n is of riot lissad above, dte ToW
of I~ayttutttt_lrrom iN1.at rightl a< 3 5 DolMrsp~h?ebie Ih 12t] IU i
egwl nanthly IMbtlrrrente of ! ~ . the tllsl IAwt! FINANCE ~HAhbt 5 54S 20 -
enstalltrNnt dw on OCt • -6. . i0_.,._r ssttt sulltsgeMret htstellmatta due on IN, ,i. Kr L ! ~ •
INl tow o1 Itiwtngfla la ~ x+11 ! -1~ e2Z~-~
ti>t6#h.,dw ot~~rotrth thaaiarstolenwr with ~ FINAL BALLOON P/~,Yf~Ef~1 OF- _ ANNUAL MEACtNTAOE AATE rli
''V',
S DUE '°1i""
r tft:.,,,,,.
The Bank shag UMtoa r d~~jr~yncy eh~e aga4at tiN tt+IskM OM any peYnMlMf stfll6h hM b~00i111 due tilld fgMM11Y bt ddWk lot a jNfJtld In utoass of 1t1
Wys In an tpltoulN egad to bo~(_tiN amount of the w~+ek~ Wrt of rile fbYnynt Ih d~aUlt. ill t1N tilNnt 111a4 die NOM N iWt p/Id !11 hill rt 1MtutitY, eb pay-
mena, whether prlnclprl, tnterast or ttthttwlN, shell bier InNro!! N the mseeilirlttn level tNg Idbwrd IMIdM Ilr lgtw o1 tin tMb of tr1or11Ml. AN ntrt4 -
herettrtder droll ba credited firs} to intaraK and than to wirtdpN, however, in the avant of tYfapk, the 8at1k ntey, In Ib strM dNetetbn, ttpbly any t to
tnterest, winapt aitdla lawful chagss than soatlad. It M file Intstttiat of thi pertMs hereto /hN the ~to~Mb~e henln shsit ItOt prtlwde directly W tractly
for eM peynMnt of a grertar nb O'.:tebrNt or the rebtrtbn of any otlMr s;ilr?Ye then N elbrwd bt+ bw. fi bt ~My ?NIOi1. IfitNMf Nt exteele o1 Huth k~1 rah a
a wohibitad by 4w tdtall at any tirtN ba geld, any eudt ettass shell Ndter eoMtltuM end be trMtld iM a tut?iiMh1 Oil thg pHneI1W w bg ttift~id dlnctly ~ .
to lira Mahar. ~ t`
Tile tWkrr ft11y WeWll thll glltlil llttpWd b/IrlllM d1 tIM Itlgtl N iYM1?Mtiu.11 lilt Itl1ft ti IIIMw h Wit. /YrIIgNIMI tlf n11M1ilegd, tMg AlgRlti dull rewilrs a
retard of the unwtrad portion of drr Mbrpt gird Mrwanee pnmtunes t:tttrejlllted by tbg pWe e11ws itNthod, ittttlpt /hN tllg denlt drill ~ eMtitled to retain'
. mlmmum iMNNt dw?oe of 16.1y0.
CiiEalt LIFE ANt! CR~alt LIFE A a18AbILiTY INSUpANCE Aqt: VOi.UNtApY 11N13 Not M~dIIIMEb ~bM CNElfit. ruolt Insurenoe t:overage it
ewilable d tM cost dulgnaNd bNow fa tM MrMt of t?r aredk: Id ! fdr Cwdlt Uh IMUtelteg IW •
for Credit Lih 8 DMability Irnugnoe:
Cheek ? Credit Lib Irtsttrarta b dairad on fire ate of
Ykthdfb - ~ _
Box ? Credit Lib 8 W»WNty inwrarta b dadnd on '
r-~ tlitthelab
u Cradh Llte and/or Disability Imurattq b not desired.
Data: S/its/~Q lRiWtUN
c n s
tlldluMU?e . ,
As Nuttily for the payment of the Kota tM Maker 1tNMry grants to the ~ 1
I . recorded in O.R. Book 263. p~t~ X002. Unit Meeks 30 b 36 in Conte 0 0- • an - t. o.
D- b D-25 as scribed 1n said mot-gaae ~ ~
~neludrng all rnueaNS, substrtutrom. rapiannrrra, additions and sotx:ations thereto and in lira prot:eads thereof (ftarairratb? plied "CollaterN"1. This Neurity ~
intNest drNt also Netts arty OttiK irtdebtadnus or Wbility of lira Maker to the Bank direct o. Mtdirect, atrsdute Or contingent, dw or to becomi dw, now arc- i ,
fisting or iNrMf tar argirg,nedudirrg all town advanpe Ar loans by lira Bank to tiro tutahe?.. I
The Bank is abo given a lien and a security interest to NI praptirq and severities of tM Maker, errdorsa, suratY. guarsnta or aeoorrtrrrodation party of this
Nola (frareirraftar raterred to as the "OWigodl, now in or at any lima Mraftar eomltrg imo the oontrd. custody or peiwaiort of tM Bank, whether for tfre erc-
pressed purpgN of bairn used by lira Bank a CotlabrN, a for any other purpose, and ttpant any balance or ltrlatton to tM endlt of arw aoeouna, ittduding
trust aM sgancy ateounts maintained withtlM Bank by any of tM Obligor, end ttte Obligor agrM to dNlwr to the Bank additionN CollataN Or mats sudr
payrrrena in reduction of the principal amount o/ the loan at drill ba Ntisfactory to the Bank, in the avant tiro aforerrrantionest CoeaterN droll dedirre in vrhte
or trecorrre unNtittaetory to fire Bank. '
Additions to, radttctiorre or exdrurpes of, a subetitutioro for the Collateral, paynrana on atoeotrnt of fhb lost or itrereasas of tM Nnte, w other loam, made
partiNly or whdly upon rite CollaterN, may from tittle to tins t» made without a/factlrq tM provWona of fhb Note. TM 8ankshall erwciN reasonable pre in
the custody end prnervation of the CdlatarN to the trtteat ragttind by applit~ble statub. aril dolt ba drenrd to have ezercwrd rMSOnablt Nre if tt tNtp such
action for that purpoN ss Maher shat) rwotrelNy ngetNt to arritirtg, but tto omission to tto any act not nqueswt by Maker dtall be deertrd a tWun to exercise
reasonable tan, aril no omission to comply with any ragwst of Maker doll of itsNf be deemed • failure to rrarcba raNDnabla cat. Bank dtNl not be bound to
take any stag nepstary to preserve any righa M tIN Cotlabral agNrrat prior partiN and Maker dtali take NI rtaAeaery shpt for etleh putpoMe. The Bank or its
nominee treed not collect intenet on, a a wlneipd of, airy Collatard or give any notlee,with rnpaet to lt. - ~
The Bank may sontinw to hold any Collateral depodtad herwnder Ntar ttre peyftMttt of tlrb No», it at the tier. of lira payment end diadtarya bettor arty o
the genie liable for tM psrymaM hereof dtaN ba than dinetly or oontirrgantly liable to tM sank p Maker. andorNr, surety. guarantor or aacorrwnodation party
of arty other note. draft. bill of exchange, or otttsr fnttrttrrrrtt, or othrrwtN, and tM Bank may tharaeftar exeretN all riglra with ntpaet to said Coltabrs~ .
gnntad herein even though thin Nob d1Nl have bast eurnrrdaad to tM Maker. .
If Ura $ank daatrs itaNf irraaettn or trpan the itappeNtrg of any Ot th1 followltp eaNlts, trah Mw l oatrtltua • ddauh, all IWsilhiM M atrdt Maker to
ti?. Bank. irrcludlttd tiro .mire unpaid wirteap.l of this hleob and atxretsd Inaraae, lus alw ulwrfted fntt+nst attd any Interest In attaas of tM rrtrtttrrtrtm Nbwad
br law and any nb.tis required by taw. shaft hmrdiately a thenatbr, at the option of the l~C, atiospt that fir ooatrntror of let a id1 shall eawe ausotnat-
k aeeeleration;without notke ordantard, treootnadw and payabM: Ia1 fire faHun pf any Miler to perform any obligatbn, ItaWiity or eiaitrt to iM Bank, to tb1?
interest hereon within 1Odsys sfbr it M dw, a if there is no dw deb, after//'it iEbflladaf oMawha ragerNbd or dematded, a to pay atM? other liability what-
soever to tfte Bank rNten dw; (bt tM deedr of any individttN Obtigttr,~ttre dilsolutian of any ahtP Obligor a irte disaolutlon, tnergar or with-
out tM Bank's prior twyrittan cornett d any eorporab Obligor; let ttrr filing of a petition is bankrtrpscy or fire sdjudigttoh of irgolvancY err ban t1.y under
any reorgarritation, arrangantatt, raadjusttrtem bf debt. dissolution, liquidation a similar poaeditp unites ally FederN or sbb stetub, by any
Oblige: ldi an application for tM rppoirttmatt of a rticNvar tor. or the making of • flarrrN aMigrtnrnt for tfle bartdh of txaditara by, any Obligor; 1 Me antrY
of I~Nnt ~t ~w oaigor; lfi lira isattwtg of any .et.ehmettt o. garttlehnwtt, or fir tiling of arty liat..o.ittat .try propara a. obligor: ai of
possession of any substantial part of lira property of MtY Obligor at rite ittatarrp of any govarnnnnnl authority: lhl tM daarrnitration by the Batrk a rrtewri-
s1 advarN change het oocurnd in the finarrew CorttNtion o/ any Obttgor from tIN eattdtttotts let forth In t!N moat recent IittaneW etatattant d errNr Obliges
Mretoiore funlieired to tM flank, or hom tM Condition of each Obligor as heretofori stoat raastttly diseloMd to tfta Bank. a that arty warranty. rspreeantation,
urtirieete or stetamerrt of any t7blypr iwltedler tr0lttainesl N thY Nob a soli parWNnO to ter M ootwreetbn tehft this NoM or rile tarn etrldstteed by thk Noe
contairn an umrw satesnNtt of nrariM fact err dAtitt to sea nrsattN fret rtepwry.fa order to make fir eutatrtsnts nude trot mielaedrp; a, f t1 der assign-
ment by any Alakar of any equity in any of fire COIisterN tuidrout fire wior vwiteat oorrsent of the sank. .y
The flesh shall Mw, but sftrll not be iittiitad to, itte slowing rigltq, each of whidr may be exarebad at arty lima t~fneiter a trot thH Nose fe dw: li! to
Pledge or ttsrtsfN ibis NOq and fir f:WtaterN tlftd tIM eenk shill tirrulpofr be ?e1Mwd of ell duties Gild ral~lortarbllitiq hrhuttder end nltewd trait any and NI
liabiuty with rwpset to any Colgtsrat a pledges! w trsrrbrrad, and any pladgle o? tratrNaree ahall tO? IN quyosss stone In the plaoit_ of the An+k ltenutrdar ono
have all the Hlhtt M the ee11k tlgrWltder; iHl to trellsfer lllb whole or any pert of tiw CotMstebl Ntto the ltattMl of IueH a its nattinae: liar to t+oae lira CdWaral:
iiv) to trotify tM Obligors of any CollabrN to trtska paytrrsnt m tM Bank of any atnountt dw or to beootrr dtte tftanon; (d to dented. eve for, ooilaec. or
m.k. ~w ~N~C~ a~s u
e~` ~ier`e~n means u~ re~l~ee ss
oc'~a~es; tYn , an ~r00~~s as"s?rign°s':°t ~°"'~"a''
NOTICres sEE OTHER SIDE FOR IMFORTANT,INFORMATfON^ ^~M~1
FNS 7St rive. 7/77 .BOOR .'~~9