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- INSTA~LMEN~PROMI RY NO
TURTt<E REEF ASSOCIATES..:•INC. * = y (l1) Amtwnt Raaivad = 6300.00
. fM/1M lsl ~c>faall~le~t = none
Jensen Beach,- Florida 33457 let ~ = none
of tc A lot. Ddtw arar~ patnwl = none
- ~ lE. = none
NoT~ No. GATED: October 2. ,19•_7, lFt : none
DuE: October 16, , t9 gg, tat i ms n~ Fong = 6300.00 _
. fHl Inbrest i
PLACEc ~ ,FLORIDA 111 Cndlt Irtrrastipation =
UI Other =
Fa velrre received, the uadefsgrted (hareirtefter celled "Maker") lOintly end tatrenyy fit IKI - _
more tMn one) poetise t0 pay to tM order of the Beck. at is office fisted above, tM TotN
of Peymenti (iron lNl at rght) of payawy~1e _~Q IU _
egwi monthly instNlmertts ot: d1e filet IMI FINANCE._s;'NAROE 4549.20
IH, I. J, K, L i
,r„t,ilmen, due on NAViZmblr 16 . ,19~, and srrbsagtrent insWlftrena due on INI ToW of pymena 18 a Ml $0,$,49.20
tM,~dey of ieeA nwnth thereefterLtoEtt[?te~with E FINAL BALLOON PAYMENT OF: ANNUAL PERCENTARE RATE 1.00 ~
s f1~f1C DUE , 19__.
TM Bsnk shNl ifnpoa a dNirrgtrenty charge ageimt tM Maker on etry peymMt vshlclr bees ttecatrr.dtle end ?atrrltN (tt tlefatl~t for • perbd M exaes of 10
days in an amount equN to SX of the amount of tM pincipal pert of tM Oeymeftt in ddwlt. Ih tM eYeflt tltet.tlta Note b not pjld in fuN ea etatuNty, NI pay-
mina, wheMM pirtcipN, interest w otMrwiN, shNl beer interest at the maxifrwm kryel nb elklwed Wtder tM taws of the Stab of Florida. All payrttana made -
tterauftder shNl be credited first to interest sod then to principal, however, M 1M event Of deiwlt, tM Bank may. M Its sole distretioft, apply any peyrnent b
interest, pincipN and/or lawful clwges then atxrued. It is the ttention o~.tlriR parties hereto that tM provislora hereto shNl opt pavide dlnetly or indirectly
for tM peymeftt Of a greatw rea of interest or the retention Of any Otltar c rye than ie Nk>vtgd by lastr. If, for ally reaon, ItKafest M axceM ai each reb or
a charge pohibited by law shell et srrtr time be paid. any turA exase shNl either eoraNtub and be trNbd N a pttymerrt on dN plnetpN a fM of d
to the Makes.
The MekN rssey prepay tIN entire unpaid lralartq of the kten M any tlme. If th! loan 4 ptylt,ld M full, et:tletMetad ter tdlrrartad, the Maker eltNd~ a
refund of the unearned portion of tM interest and insurafta pemiunrs computed by the Rule of 78'strrethod, except that tM Bank thNl pe Mstt ntein~
a ant est chwye of lt;,00.
~~E AND CREDIT LIFE A DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Stxh lrwnrta rxrtrarage h
sveilettle at the rx>st deslgneted below for th! term of the credit: lal _ , fa Credit LIN Ifuursrta Ib! f
for Credit Lib 8 Disability Irtwrafta:
i Check ? Gedit Lif! Insu.ana is desired on the lib of
ekthdaa
Box ? Gedit Lite a Disability Iftsurena is desired on
Birthday - - i
Gedit Life end/or Disability Insurance is not desired. - '
Uate: ~Ctnher 2 e j974 Signeturi ~ , f
Albert B. Stro~ni
Signature
As security for the psyment of fife Noa eM Maker hereby yrana to the 8enk • security inarest in the followi n Ur ! ee
j Cond. I a Recorded a, A _ R Rfteic ?_63•e~aa 9AA9 Unit Mef!ks ~ 45 and 46 1 n i
Cend_ D-2~e~R#- Ne- t1_~,, ore rfr.eertt±vA in eald alA ga0e '
' ~ncltrdtrtg all trtcresses, substitutions, replaoemena, sdditiorts and accessions thereto sod in tM poaeds thereof (hereinafter plied "ColbtwN"1. This security
interest shslt also severe any other indebtedness Or liability of cites Maker to the Bank director indirect, sttsolua or contingent, dw or to becorfta dw, now ex-
fisting or hereafter wising, ~ndudirg NI futon advefttes a loses by the Bank to the Maker-
TM Bank is Nso given s lien and a severity interest in NI paperty and-securities of the Maker, endorser, aunty, gtferantor or sccofrwttodation pwty fN this `
Note Iltereiftsfte. retwred to as the "Obligor"1, now in or et soy time hereafter coming into the eontrd, vestody or posseaion of Me BaNc, wMther for tM ex- - ,1
pressed purpose of being used by tM Bank ss ColleterN, fx fa any outer purpose. end upon any belartce or bNsrtces to tM credit of soy at>couna, irreludifg 1
crust and apertcy saotrna msintsinad withtM Bank by any of the Obligors, and the Obligors agree to deliver to tM 8ertk additional CollsarN or melee surt>?
paymerta in reduction of the pincipN amount of the loan of sfrall be sstafsctory to the Bsnk, in the event the afarementiated CollsarN shall dadine in ve/fre
or become urtsfatafsaory to the Bsnk. _
Additions to, reductions or exehsrtges of, or substitutions for the Coltsterel, psymara on account of this lows or increases of tM same, a other locos medr
partially o? wholly upon the CollatarN, may from time to time be msde without effecting the povisions of the Nole. TM Bankshalt autrcia reesonsble care in
the custody sod peservation of tIN CollsarN to tM extent required lry applicable:tstute, and spell be deemed io have f+xarciesd reewnable tare if it takes such 1
action for that purpose ss Mekw shall reesofably rwltrest in writing, but no omission to do any, act not requested by Maker dNll bsdeemed a felon to exercise i
reasonable esre, end fro omission to comply with any request of Maker shah of itself ba deemed s failure to exorcise reasonable pre. Bank td1rN1 not be bound to
take sfty steps Massery to pessrw any rgha in tIN CfrllstwN speinst prror parties end Makw shell Wes NI fNOesswy saps fa such purposes. TM Beek or its
nOmiflee flaed rlOt COIIeCt interest Oft, W a f7f, any Collateral Or give any wnh t0 it.
t
The Bank may contirwe to hold any ColbtefN dapoated herwftdas.aftsr the ps~int of plotft, if at thsiilrrte of the psynrnt sod disdtwge hereof soy of
the parties little fw tM payment hereof shah b then directly or fxrntirtgently liai>1r ~o-tfte as Malty, ertdoraer. wrety, yuenntor or socwnnwdstion party
of soy other note, draft, biN d exdtwrye, or othe? ifutrunteftt, or otherwise, and the Bank may thortefter exercise NI rigfta with respect to said CollaterN
pranced herein wen though this Note shNl have been surteftdered to tM MNurr. ,
If -the Bank dotfrts itself insetun or upon the hepgnlfq of any oaf the tolkrwing evatna, eels of which shell oonttitub a dNwlt, NI liabilities of etch MNtw to
the Bank, irtcludug tM entire unpaid pineipN of thft Noa and accrued interest, less soy urtaarnad inesrtut and arttr interest in exaes of tM ftN7t111NNn alktwsd
~ by law end srty rebates required by law. shah imttadiaWy or tltergfbr,.at the option of the Bank, except that tM oocurrena of (e1 or ldl shNl CetMe wtrtretat-
K acceleretan; without notice a demtftff, beoonta dw and payable: lal tM failure of any Obligor to perform wry oblpttion, liability rx f~alnr to dN Bank, to pay -
interest hereon within 10dtys attar it is dw, ar N-there w rro dw day, afbr it is billed a otherwise requested or dtnrertded, or to pay any other liability what-
seever to the Bank when dw; Ibl the desth of soy iftdividuN Oblgor, tM dasolution of any Pertrtarship Obligor or the diesokrtion, frrrytr or consolidation with.
~ out tM Bank's pitw written rmnsent Of wry eorporeb Obliges; Ic1 dte filag of a petition in bankruptcy. or tfte adjudiation of iftsolvency or bMtkrtlptcy undN
~ any .reorgtniution, wrwtgafrrtnt, retdjwtmatt d debt, dasolution, liquidation or sYniler pooMding under wry FedwN O? sea shrub, by or against any
Oblgor; id) en appliption for tM appointment of a receiver fo?, or tM mNcirtg of s general sssigrtntent for tfte benefit of creditors by, srry Obligor, lei tM entry
o: ludgmeftt against eny.Obtiga: Ifl tM isN?ing of any ettadrmurt o. gwftishnrent, a tfte flifrg of soy lien. ageirut any poperty of wry Obligor: Igl tM taking W
possession of airy substantial pwt of the property of any Obligor st the irtsteftce of any go+rernnranW authority: Ihl the debrfniftttion by qte Bank that • rrtettri-
'i al adverts fitarrga hes OOgKIad firer fire firrefrciel OOftditiofl Of any OWiyor from tfte conditions sat forth in fire fl10at raartt ftrtefrcial sbttirnetrt Of each Obligor.
Heretofore furnished to tM flank, a from the eorditbn of such Obligor s hwabfon most reantfy diedoesd to the Bsnk, or tlret any warrwrty, rapraaantation,
t certifiab or stabnMftt of any Obligor (tnltedtar contained in dais Noes a not) PerbWng to or in oonrttetbn welt this NoM fx tM loan avidnrced by this Nose
conairta an untrw statartantt of trrteriN tact or omia to sass frratwial fact rtscessery in order to mNte tfta satentarta nreda not mielaadirty: ar,19 the aasgn- .
meet by any Maker of any equity in any d tM Coi4arN without the prior writan eoruent of the Bank.
The Bank shNl hare. but shell not be timtbd to, dte foNowirq riglta, each of whidt may be exercwed n wry time tvftethw or not this Note h dw: lil to
pledge a trtntafer this Noti sod the Co1NarN and th! flank shW thweftpon be rNiwAd of NI dutiN and raslrorrsitrNitias Itenurtder and rNMved from any and all
liability wtth respect b any Colltarel ao pNdged ar trenshned, and wry pledgee a tnnsferae altdl for aN purpoaet steed in fife plea of tM Beak Mrwrtder and
have aN fife riyha of the Beek Itarwttdn; liil to trattafer tM wiroN or any pert d the Cdkfterel Ytto dre nerve Of iaelf Or is rtorniftea: lilil to bole tfra Colgitarel; ~
(iv) to notify 1M Oblgora of arty CollatarN to melee peymerrt m 11N Bartle d any anrouma dw Or to baoorrre dtla tftt?reon; Ivl t0 dantaM, sty tar, aOffeoL Or -
mtk. afry a~q;~~N
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u~se~` el~re~n m'b"eans uhf
r~e'°Reessoc~a~es
; `~n~°~ierl~r•`~s ass~"i~gn°
sids cON1~M' ~
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l NOTICE: SEE OTHER SIDE FOR IMPORTANT,MIFORMATION. r~~
Fes ~sz aw. ~m . - ~
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