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` ~ ~ ~ INSTALLMENT PROMIS80RY NOTE
TURTLE REEF ASSOCIATES, INC. * w Amarntq.aiwd s-11,55Q.50
. leAess Is1 uPrti to for
~t = none
Jensen beach, Florlda 33457 none
- lcl . aoot~~lr aantpe :
- o t i IDI oeh« ChargK libtrtlttal i~~
lEl = none
NOTE nlo. oAT~o: SaQteeber , Ig 79. IFI = none
October 11, Icil Atttttttm Fltttrrtced _ 11.550. SO
DUE: ~ ~ Ig 89 IA, i. C, D. E. F) f
IHI Interco =
PLACE: , FLORIDA 111 Credit htwstiDetion _
ul oeh« :
For velw npived. the trntdersigtted lhereateher twibd "Msker"1 loiady and tsveraHy lit ~ lKl
mat then ottel promise to peg to tltt order d its Btstk, st is office Nned abort, tM Tofoi
of Patrrnsettei (trots tNl at rghtl d 19 a~-~ Oolbr payabb in _]ZQ,_ IU s
wwl nsonthly irahHntsnts of ! 165.75 ~ the first IMI FINANCE CHARGE
usstanntettt dr. ow Ney~bar 11 IH. 1, K, LI = 8 339.
. Iti~.. end stnbsagtrtwtt htanikr»rtn dw on INI Total d 1?ayfnenes i0 + M) t
tM dry dtonth tlttreafn_rLtoEeMer with a FINAL BALLOON PAYMENT OF: I~pCENTAOE RATE ~'lr,
S DUE .18.
TM Bank shalN arpoee a dMatgtMttty cMrEt ageittst Ute Mebr on any pwtrtent whkh hes beoonte iMle rttd retttalrte M default fa • perbd M txaM d 18
days in an amount'equal to ~ d the antotrttt d tM principl part d Ilse pehrrtMtt fA default. in the scant tltet tM Note b not pold in full at !t+eturity. eN pay- . ~
menn, whedter pritttipat. interest a otMrwise, shah boar attarest et fife tryxatattn IpN raN Mbwed Ntttler the hsq d tIM S f itb. AU paytrtertn nude
larwnder short ba utditad first to intense and than to pratcipM. horwver, in the scant of default. tM BtMtlt they, in Ib tole. apply anY peyntsnt to
~ntarest, principM and/esr IaMrfur chagrs then aot:rwd. It b tM inttntion d thi parties hereto that tM protrbions Iterekt thali not Proalde datlcdy a indMat:tly
~Q tw tM payment d a greater rats d attereet a the mention d any other tdtangt than b albwad b11 bra. If, for arty reason. athreet M exness d such bgel ren a
1 • a cha<g, pohibited bt? law shall at any tiny be paid, any such exoae then Nther uottstitttte and be tretdad • a paytttent oft the prittoNel a be refunded daeedy • l
to fife Maker. - i
The Mekir rtfey prePetl tM anew trttpaid belanoe d tiN ktan a any tMn. H the IaeM b prettald M fuN, aooelMattd a tdlitenoad. fife Maker
r•fursd d :the wteerned ponion d the innrtst and irawsrtoe premiterte etxrtpttted by the gttb d T8'e method. axocpl that fife Bank shNl jte attit4n !b retain
a miNntum interest clusrge d ~li.00.
CREDIT LIFE AND CREDIT LIFE A DISABILITY INSURANCE ARE VOLUNTARY AND NOT gE0U1gED FOp CREDIt. Sudt ittsurenet coretage b
swilsbb st the eat tMigented below to the brut d tlr credit: lal = for Credit Ufs Insttrettoa Ib1 s
fa Gtdit Life a Obabtlity Imurartct: -
ch.ck ? Credo Lib Irourartoe is dtsired on the lih d
~thdan ~ i
Box 0 Credit Litt A Disability Insnrrana $ desired on
- r~s~ BirtMfete
u Credit Lift and/or Disability Imursrsce b not dosed.
care: Septt~ber 30 1979 -
e .
. ~ .
- sidt+.iw. t,,'
A: sewriq fa rite pe'Ylrlent of the Note tM Makr hereby tl?a"n to the it~in ~ ~brtY: n TUrt1 B Reef
Cond. I, Recorded on 0. R. Book 263, ~a 9e 2002... Unit Weeks 5 and 52 n on D- ,
_Apt. No. 0-2, as described in sa wortaaae.
uxludirg all atcnsaes, substitutions, nDlaoenrnes. additions and soassiort: thartto sod in tM prooetdt tlstreot lhsreinatter albd "Coflattral°I. This sstsr?ity
j interest shall sbo eawre any otMr intdstrtsdnaas tx liability d the Meicp to the Bank direct a indirect. absolun a eontirsaent, dw a to btcane dw. new tx-
istirtg Or hsrtstter arisintg,mckd'wng egfuture sdvertoas aloes by the Bank to tM Mtkp. i
The Bank b also pinto a fits sod a ssturity interest in all property and secwitits of tht Melutr, endester, suntY. gusranta or accommodation party d this ~
fHott (hereinafter referred to a thf `Oblipors"1. now in a as any time harMf ter r70rning into tM control. parody or paepaipn o/ tIN Bank. wftechtr fa the tx-
wtsssd purpose d beag used by the 8arsk as Colbteral, a fa soy other purport, sod upon any babrtoe a babrtcts to the txtdit of any axounts, irtdtndwg
trutt and eoency e00ountet nrintained with the Sink by any of the Obligors, sod tht Obligors carte to deliver to tFre Bank sdditiasal Collattrel a malct eueh
payments in radtnetion d the pratciptl smarm Of th! loco as shall be satafsttory to the t3artlc, in the scant the stortmtrttiOrted Coilataat shell dedint in callus '
a beconrtt uryatishctory t0 rift Bank. _ i
Additions to, redtnctiorts or tsdsenges d, a substitutions for Utt CoUatersl, paymatts on at:ootsnt d this lore a intxeaees of tM cants, a other Loans ntadt ~
partially Or wholly upon tht CollsterM, may irorrt time to tans be node without stftctug the provisions of this Nott. Tht Bankslnall txMWf reafontable cart in l
the custody and preMrvation of the Colbmasl so the extau requird by applicable sown, sod ehaN bt dterned to haw txereiad reaonablt cart i/ h take such
sction for that pttrpoM as !IAeksr shay rteaorstbly rtgtrest in writing, but no emission to do soy act not regtresnd by Maker shall 6e dttnrsd • failure to exerciN
reasonable twre, sod no omission to comply with any rtgtnest d Maker shsN of itself be dNnsd • failure to axsrcise roasontabb pre. Bank elttll not be bound to
S take soy steps ntoassary to preMrve any rights in tM CoNeterM ageinet poor parties and Maks? tftall take sll nsaesary steps foi such purposes. Tht Bank or its
nomintee need not collect interea on, or s principal d, soy CollaterN or (live arty notice•with retpsct to it.
The Bank may continue to hold say Colbseral dapailed hereunder sftw the psyment d this Non, if at the time d the psyment sod diseltuge hertof any of
tM parties Babb for the paynsnt ftareof sts11 be tften ~N or contingently liable to tM Bank as Maker. trtdorser, surety, atwsnta a aooontxnodetion party
of arty other note, draft. big d exdynge, or odter irtstrttrrtent, aotherwise, and tM flank nay daresfnr txtreise all rights with rttpect to said Collanral
grsnttd herein even thonnatt this Noes tf)ell have bean atMnerltiMed to the Maker.
It the flank deems iteNf irsaanre a upon Ute IsappMtitg ofi gay d tht following eratn, each d which shall wrstiwte a detattlt, all liebilitbs of eedt Maker to
`s the Bank. atcitrdirg the entire unpaid prieeipM d-fhb Nose and axrwd inserest, bss any unearned interest and any interest in exoas of the ntexattum albwed
~ by law and any rebene required by bw, slteM atrstediMely a UteresfMr, at tiff ePtion d the Bank. except that rite oaurrertoe.of le) a Id! thaN e:atnse autornet-
' is aowbrstion; without notice or dsmetd, betr~ata dtre and payabb: la1 the faiknne d ~Y Obligor to perform any obliDation, liability a clainn to the flank. to peg
1 interest heraoa wiidsiw 1
Odeys afMr it ie dw, or ii titers b no dw dent, after it is billed or odtsrsviee requested a dertwtded, or to PN any other Inbilily what-
sot!wr to the Bank when due: IW tb! deaeh d any individtrM Obligor. the diesokntien d any atrtrterhip Obligor a tM dissolution, ntNger or oonsolidetionwith-
s out Use Bsnk's prior written etuteent d any eorporast Obligor: Id the filatg d a pttition in 6tnsltruptcy or tM adjudneetion of imolwrtry or bankruptcy under
~ x+r norgtrtization, arrertaanttent, rsat5tsvntent of debt, dwolution, liquidation a srrtitar proceeding under any Federel a son statuq, bt? a painst anw
Oblga: Id! an aPPlKation fa tM appoirarrrnt d iNpia? for. or tM mekwg d a DenerN aetigrrrtertt far tM Oerttiit d ereditas by, any Obliges: lei tM entry
or tudantent ageirst any ObliDor: If1 the iseeittg d arrr attatatrrtertt a gerrtbbrwtt, a tM filing d soy litre, aDeast any property of any Obligor: lgl tM taking d
' possasiort d gay substantial pert d Ike proprty od any Obligor st the ittatanoe d any gotwrrsirterttst authority: lh1 the deeerrnastion by the Barth that • rrrteri-
>t adverse tStsrtga Ices oounrred in the firtartcbl eoewlition d~any Obligor from the cartd8iors set forts is title roost ntantt financial sntemerlc d each Obliges
I heretofore firrrtiahed eo the Bank, or ken the oonditiort d such Obligor • ftttretdore most nanthl diedoeed to tM 8artk, or that any warranty, rapnenntation,
certifipta or staprrwtt d gay Oblpa IwitNlter oontaatad in fhb Nola or ntot) pertaining to a is eorrteetion faits this Note a tM loco widettead by fhb Non
contains an unbw snnnteat d nrtaterial fret or omin a erase nrstariel fact rtepenry in order to mNte the ennrnenn made not mislewling: or, Ii1 the aetign- ~
meat by soy Maker d swy puny in gay d the Coltaterel wtilhouc the prior written oortMttt of tM Btnlc.
TM Bank ttsep have, but theN not 4 linlind so, the following rigftn„ reek d nrhitdt rttey ba exareisad at any bate whether a not this Note b dun. lil to
pledge a trande? this Noe one the CoNaesrN and fife Bank sftMl thereupon b relbved d aq dutbe and ratpottsibilicbshcreunder end rNievad from any and eN
liability with repel to any CoNetaral to pledged or trertdwtad, and any pledaea or trarsfaree titetl for all ptrpoeet read in the piece d the Bank henewtder art .
have art the rigttte d tIN dank heretNtder; tip to tntteNr fife tt/toie a any pert d the ColbMral itteo floe oarrte d iaelt a in ttotrtatee; (iii) to trots dte CoMearai;
(iv) to notify dw Obligor d any OolbsarM m ata4 peywtetK to dte Bettlt d any antotgna dw or so become due thereon: Itrl to derttertd. cue fa, oolbet. a .
m.ke «w ~K~ ac`s
u~`se~ ~iere~n
moans u'~r~e~R~ ss'oc'~a~es
; ~ an ~rOO~s °f ~~1~t,O0~` d cO~`~'
f ~~1 . ~
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION r~
~tls ass R.v. 3'~ - t