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; F!?:AI'ICE CHARGE IS COMPUTED BY A PERIODIC RATE~Oir 17~ PER MONTH ON THE UNPAID BALANCE._ API~iUAL
i o• IF A~VANCES ARE M/1DE QURING THE MONTH. INTEREST IS CHARGED AT THE PERIODIC
~ °''^CENTAGE 12°/
~ RATE OF ONE PERCENT (l~b) PER MONTH ON EACH CHANGING BALANCE.
1
PROMISSORY [VOTE
DAT E 8-12-74 NOTE NO. 3-o559b LOAN NO. 1 ACCT. NO. 6~91 BoR
$
For value received, I/We jointly and severaliy. promise to pay to Tropical Telco Federal Credit Union, or order~ ths
sum of fert~ f
ive 2~ratrpd - and
r~/100 Dollars wi interest on unpaid baiance a
t~~ e r a t e o
f 1 9( p e r m o n t h w
ithin f
o
rt
y-five (45) years from the execution of this ~ote. ~
It is mutually covenanted and agreed by and between the maker, of thi~ Note and the payee(s) that upoci request o
ii~e maker the payee(s) hereafter may. at it~ option, at any time within forty-five (45) years from :he date hereof an
~~efo~ e full payment of this Note. make further advances to the maker~ with interest on the unpaid balances at the rat
uf One (1%) per moath; provided however, that the maker hereby agrees that if at any time the advances made to the
r~~aker shall exceed the initial payment which is hereinabove stated, the maker agrees to pay the higher amount. but tha
t~~e arnount borrowed by the maker shall not at thiS tims anc~ including any future advances exceed the principal su
pi _ `nr~,~ f~--~ i»>nrirOCj 1!1(~ n~ -~10~ ~0~~1fS. ~
Tne monthly payments on this note shall be in the amount of ~ 19-Od ~ the first payment to be mad
c:~ tt~e tast working day of S~f'T~%~~~ 1~~! and a like amount on the last working day of each month thereafter unti
t~,e ~ull amount has been paid. 1 agree that payroli deductions will be applied to shares, and transferred under, the terms o
i~~~s note as loan and interest payments at a later. date.
Co?fateral: • r ~ '
~ ~ r
In case of any default in payments as hereiri agreed, or, in case I/We terminate employment through a leave of ati
= s~:r;~e or otlter reason with any of the companies named below, or in case I/We transfer from the operating territory o
;;,c Tropical Telco Federal Credit Union (as defined in the Charter)~ the entire balance of this note shall become imme-
c1,a,ely due and payable, at the option of the holder. ~
Each party to this note, whether as maker, comaker, or guarantor, severally waives presentment for payment, demand, protest a
~;:c.c of {~rolest and dishonr•r ai the same. It is furiher agreed by each party hereto, that in case payments.shall not be made at matur•
.:~c sl~ail pay a reaso~abte fee fo~ costs of cotlection or attomey's fee, in case this note is placed in the hands of an attorney or agency
coiiection. LIYe, ihe undersigned, do hereby pledge ail paid shares and payments on shares wtiich 1/We have now or hereatter may
v~ ~n Ihis Credit Unia~ as security for this toan and do further pledge, assign, iransfer and set over any salaries, commissions and/or
• ~cc pay from Southem i3e11 Telephone and Telegraph Company, American Telephone and Tetegraph Company and Western E
. rI Canpa~y (cr~~ptoyer) or any future employer which have or may acen~e to my/our credit as secunty for this loan; and the Trap'icat
~~I ~:cu Feeleral Crecl~t Union is hereby ~uthorized to give such noGce to said employer as may be necessary to make this assignment opera•
Tt~is p1eclFe and assignment is given to secure the payment of this loan ar.d interests and costs that may accrue thereon, and 1/We
rrt>y authorize thE Treasurer !o apply any or aU s;1^h paid shares and payments on sbares to the payment of said loan and interests and
c~:,ts. IiWe her~:by ae~ee that the Tropical Teko Federal Credit Union may allow share withdrawals by a~y parties he~eto at its discretion.
!'~s maker of this toa~ I~ certify that the debts given to the interviewer represent all existing debts. All statements made{
i~~c~uding those given to the interviewer are true, complete, and submitted for the purpose of obtaining credit. I under•
s:and that if the reguest is denied I have 60 days to file a written request far, a reason for, the denial. I/We ac~cn~w{edge~
receipt of a copy of this form which includes the credit disclosure.
1 AUTMORIZE ANY PNYSICIAN OR OTHER PERBON WHO HA8 ATTENDED MB OR EXAMINEO ME, OR WHO MAY HEREAFTER ATTEND OR EXAY~NB
ME. TO D18CLOSE AHY KNOWLEOCiE THUB ACOUIRED TO 7'F1B EXTEttT PERMITTE~ BY LAW.
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~ lc,~~ ` ~EO N a oaE~
~CMaker, ~ -~I T1? LA. X Guarantor, ~i~
j Roc Po a~?~
C~ERK CIRCUIt COU~
, ~~N~ a T~ ~l[CORO VEP.IFIEO....~...~ .
ftfCEIYED ~ / ~l ~
DUE ON INTMNIW.E /E4~lIIIL PROPERiY. I~ Z•, ~M ?~~f'`~
Pu~r To ~s
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