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Home My WebLink About0866 r , _ , . _ . . _ _ . ' - ~ " ~ f i ' • . ~ ' COLLATERAL INSTALMENT NOTE ~ ~l,7d1.e0 ' sn~. ~e~o~ 26, - i~. )4 11N widwfl~Md (and if na~ tA~n aN~ wd~ of tA~ 1~41 s~d s~v~1M. AaNn~RK u1Nd "Malar' P~iMS to WO? to tM adN af BANK OF STUART~ MrNna u eank° oM1e• S T. Q'M i~100 (a at wob otMr P~ ~s tM hoid~r Iw~rof msr d~n~b) tM s~:m of~~~~~R~~~~ _DOLLARS ROTAI. OF PAYMENTS) ~ ~ Inatatn+a~ts af ~ • ~aa4 on t!a dUl of NeA woo~sslM mo~eh ootwn~lns on Jtlts _ 19 Ts t~thM ~Mth • lAIIOON PAIIMENT in tM sma~ru of i .~-dw on - 1! . T1M oondN dora. M~nY. ior eMnu~t«K tM Wlloon P~lnnMk u~ - . AN P~Y~ts nwdt NMwnd~t fh~N 0~ endibd fl~at M inhnld ~ad tswfui eha+~ps tlNn ~oerwd Md tIN e~nalndw to PHncipal. 7M amowk of tMs noN kwludN ~n. p~..a~ a s~•000.00 aw an.. co«~a~ ' or 1~.~0 c~~ a ~ s u+_. ~ n~ w u N r fl~u~c~ ot :~~0~`~ ~ v~~ a fiNANCE CHARGE ot t~ • ' i~~a.s ~c.~ac o~ s2~76 7. 1 0 .~w ~c uh iow..~. w~~ w:~e ~.a~a~ a.~ ANNUAL PERCENTAGE RATE of ~~0%. TM Malw hss tM ~i~M to P~WY tl~is ban In fup and obtaln a rMund at t!N W~wm~d Patfon of tM Nnsnq~ dwrrN ~d utd~r tM "Swn ot tM Di~s rn~thod. As used heroin thd term "Cot?stenl" s~ean and Jndnd~ the foAowing prop~rty whkh has Men or is htreDy p?ed8e~ asst8?~e~l or conwysd to. or deposltsd with the•Bank ~s~ OO LO! ~t~0 u~t 0~00! ~MOtt~ OZ A+,~~ri~w ~tt~ ~l~nd: 1?Lqcida b, snd any and sll otA~pr~p~rty of wery kind w descr~pNon now or heroafter le tM a under ths eontrol of Bank to? any reason, er with a- tl addiUor?s and substitutions herealter pl~dged to o? depos ed wnh 8ank and including sll cash. stock and ' other di~~~ and afl ~ights to subscrtbs tor sscurlties . lncident to. dechred. or grent~d tn cQnnection wlth sn~~ propsrty hsrefnabove d~cri6ed o? refemd to. As used herNn. •'tiability" w••liaWliti~s" msans and I~clud~s thls rab and sA oblt~i ons and Itabilitlss (p?Irrary,. ssobndsry, direc~ coMingen~ sol~, joint o? sevenl), due o~ to Decoms due whlch mar be he~sker coniacted o? a~ qutnd of ~sNi Make? findudleg any Maker and any other pitrson) to~ Bank Make~ w Ms snd agnes thst Bsnk hss and sha0 have s Itsn : upon, sscuriry t(tle to and a s~curity tntenst In a11 the CoUatersl ro~ en. P,~t ot tnrs r~ocs .~,a ~r ~~aera- ties. includ/ng any exta~slons. ronawals or charig~s In forn! of an~r the ot thls not0. ~P~ PaY~rte~t or otMrwis0. shaU not ~t~et the_ rt8ht of Bank to. retain the Cotlateraf for aM CRED[T UFE/lND CREDIT UFE A~ QISABiIITY INSURANCE. ARE YOIU IRED R CREDIT. Suth I~ur~no~ co~ b sv~ilabN at dw cost d~si~nabd bNow tor tM Nrm of tM cndit: .(a) for (b) L - tor C~dft Llt~ 6 dsaAdiq? Imwanc~ Ch~ek ~ C+~t LN~ I~nuranu b desind on tM Nt~ B1rtAdaR~ Aool. n ~.~..w ~ M. a et..etwv ~muranra h e.st.ra an _ . - BOX ~j cr.a~c ut..na~o. assb~uc~? ~~,..nc. h oa d.si..a. (OstN (Si~at~nZ AdAitio~s t0. ndudions or hMas~s or ~cch~n~~s of. w wbstitudoos ior tM Co1lstKa4 WY~?ts on aocount of this losa w incnss~s of tM sam~ w oth~r Iwns ~nad~ paRiaNY or whofiy upon tM Coltatent, maY troin Unw to tim~ b~ msd~ rvithout atf~ctin~ tM provisian ot this rwta Bsnk shatl •xN~cis~ r~ssonabN pti. tn tM custodY and P~~tion of th~ Collat~rsl to tM ut~ rpuind b9? ~PPNubN datuM, snct shall b~ dMm~d to hev~ sxaais~d nsson~bls csr~ ii It talus such action iw that P~~Ao~ ss Mslw shall rrason~bhl ?~4usst tn w~itML. but rto omission to d6 ar~y aet nat rpwst~d by Mskp shsll b~ ds~med a failun W~xercis~ nasonsbl~ csh. snd no anfssioe to romp1Y~~Y ~4~ ~il d ttsNl b~ . d~md a hliu~ to a~+~eis~ nasonsbb an. B~nk shall noR b~ bound to tak~ snN st~ps n~cess~ry fo V?es~rw aoy ritl~s Io tM Colistwsi apinst ~ priot P~rtiM snd Male~r sAsll bks all necasssry shAs for. such purpos~s. 8ank or its nominN nrd not eoiNet lM~nst a1 w P~~W~ af ~Y ~ Istas~ or dv. anr natie. witn ?eso~ct to R. ~i tA. eawt.ra~ snan st any t~m. baeon+. ~a~sstisfsetwy w esnk wk.r snaa Within on. Aaor sfw a. mand A~p ~~K w!M Bank u psrt d th~ Cotlat~l ~dditbnal ProP~RI? b s~tshdaY W 8snk. Bsnk is MnbY ~ra~t~d a s~curilY iMer~st In atl propulY of ssch Obl'~w (whfch tum sAsll m~sn and includ~ ~sch mabr. indo~. sarrtY sn4 QusrsMOr of tMs nab) ~ww or at any tlm~ Mrpttar in th~ Pusa~ssion of Bank in any ~cspscih wi+~tso~ver. ineiwlins but not IIrMt~d to any balanoe cr shsrr ot any d~posR. tnat. or a[~ncY sccouM, ss s~curtty tor tM WY~+~ of tlW eob. and a similar s~curfty int~st M ~N such prop~R~r bf ~ach M~Iw as s~writY ~ WYm~t ot sU oth~r IiaWlitl~s: and Bank sfiall haw tM ssmi ~hts as to such prop~Ry ss R hss vrith hso~.t to E tFa ColbtNS1. TM hWder ot tAfs note may st.anY ttrta. whetlwr or nd-this nott has maturd. chsrp a~r I~ds~bdn~ss ~~d b~r this noRa~a inst any d~posit saoun~ pn~ra! or spec.ial. of sny obNtw h~rwn. ratumir~ any un~sm~d int~st or diseou~ but hilun to apply siry paR or ad d said seeount on this nob or to ~nforu any of tM rishts hu~in pvsn tM hotd~r shall not afbct tM Nabilitr ot aoy obNSOr Mna~. Bank shsp hav~. but shall nat f~ limit~d t0. tM foliowin~ ei[~, ~ath of rrhich msr b~ ~xeie~d at sny Nm~ wMtMr Ot not this nd~ b dt~ (1) to pNdY~ ot translK this natt and tM ColistKal and 8ank shal tMtwpon b~ rMNv~d ot aR duti~s and e~spons~Eilit~s h~md~r and hiNwd from any and atl IiiWlity witfi cesp~et to any Coitstersl ao pNd~ed o? tnnsfvnd. snd any pqel~e~ o? t?snst~m shalt tu? aU purpos~s st~nd tn tlN pIsc~ o( Bsnk Ik~sunder and hsv~ aq tM ~tgMs M Bsnk herwnder; (2~ to tr+~f~t tM whol~ or any p~R of th~ Colist~rsi i~to tM nsms ot itsNf ot its nominak (3) to wts tM Collste~sl• (4) to ooti/y th~ oblisas on any Colist~ral to mab psym~n[ to Bank of sny amounts dw or to b~can~ dw ther~on• to d~mand. sw tor, collac~ or mak~ sny comP~~s~ or srttNm~M it d«ms d~sirsbl~ wiM hf~nnc~ to th~ Collstp~h, and to tsk~ posa~ssfon and eontrol of sny procwds of Co1lst~rsi. TM hsppu~iK of sny M tM folb~ins w~nb shsll constitut~ a defauR h~rounder. (s) fsliurn of anI~ QDit~o? to pa y In tull sny instaWn~nt Wri~ ~ P~+P~b when it bicom~s dw: (b) hiluro ot any ObNSor to pay 1~ full when dw soY +mfebteM~~ss. obli~stion. o? liability to 8ank whatso~wr. or s~r insts mH?! thercoi or iMer~st thereon: e) fsilur~ of sny OWi~or to pNform any a~namnt f~rwnd~ j(~ !h~ de~th o~ a~ Obli~o?: any OO~ftw b~cwn~s InsoMnt or sny insolv~ncr ~n~s (as ssid .t~rms ' insWwnY' and °insolvst~cy procwdir?~s sr~ d~fln~d in tM UnNorm Comen~rciai Cod~) sr~ institutM w msde by m~rtnst any OWigor. or sppliqtion for tM aooointm~nt ot s~ivN Tor any OCli~o? or tor sny of tM assats of ~ny Obii~w: (n tM issuin~ of soy ~rrt or Ysmisl+ern~t. ot tht fllin~ ot ~ny-li~n sSsleKt sm P~Y Of ~fly ObNSOr. N at sny tlm~ any rarrar?ty. rprssentaHon. cartiHeaR~ w staiwn~nt ot sny Obltsor twfiKMr eo~t~tewd tn this nob or not) pertsinl to or in car Hea n~etion with this note or tiN los~ or eredk wid~ne~d bY Ws nob, is rwt tnu, o? upon ths hspPeoing of any av~nt of dtfsuK as dafl~ Me~1n. or ff Bsok aY any tim~ f~Ns ins~cur~ for any nasoe whstso~vw: (q th~ smouM ot sll lawiul ehar~es ~nd tM +mouM d tM o+t[insl princlpN sum~os n~d h~w~d~r toptha with tM~r~st on the bala~u tMrsot rsmainir~ from tirtM to tirtN unpsfd at ths hiEMS! Iswful rat~. Nss sil paym~nts thit hav~ ps~n msd~ MrpMder, sppl(~d, st tht dab of dth SYCh {1syR1~Ot. LO iCCN~A IiN~IYI Chif~K a~d to int~ASt at tla hlttNSt lawful taM an slid aeW1d pri~cipal balsec~ and th~n to principaf. shatt b~come dw and papbt~ torthwith or tM?ssfter at tM optioe oi tM Bsnk and rrithouR notlc~ or d~mand <but in ra w~nt snd und~r no cireumstancas shall 8snk or sny hotder h~Feof be eMKhd W unseerusd o? un~anNd inta~st or dhK char~a~, snd in no w~rK s~d und~r no circumstanc~s shail Bank or any hWd~r h~roM b~ ~ntltlad hsrsund~r to r~cNv~ st an~r tim~ ~ny charps oot aRowsd w permftt~d Dy law or aMr irrttr~st or IMenst rat~ in e~ccess of tM ms~cimum albw~d by IaM' C~ Bsnk may. ~t its optan, thenupon w thensR~r deeisn sli othK IiaWlrtiss, or any ot th~m seleded by 8ank (nolwithstanding sny provisions theno8. immediately dut sr?d ps rsElt wi;hoat d~ma+~d or nutiu d• any kinA (but with such sdjustm~Ms.~ if sny. with nsp~ct to any intehst or ofher eharas as may be providW (or in tM Promissory nd~ o? other writl~~K evid~ncins such UaDility): OI Bsnk shaH hsve artd may ~ssrcls~ without d~msnd anY snd sll tht rishts snd r~nadies ~rs~d to s s~cund ps rty upo~ d~fsuft under ths Un~orm Canmercisl Code or oth~rv+ls~ avaitabl~ to Bs~k (includins thos~ svailsbls under sny vmtten instrument in add'~tian to this not~ rclatin` to any of tM Nsbilities or sny s~curiN thenfoi') stsd. writhout limkins tM sen~niity of the fo~Ldn~. 8ank sha11 hav! tIN Asht. imrtadiatety snd without furtA~? action by it, to sat o/f apfnst this rroN all money owed by B+~k in snr capscity to ssch or sny Obil~or. wh~tMr or not du0. snd also to s~t off siai~t sil otAer IiaWlities d~sch Makn to Bsnk sll monry ow~d bY ~nk fn snr capscity to ~sch o~ any Maker; and ~ Bank shall M d~emed to haw ucercisad such AQM ot setoN snd to have mad~ a chsrg~ atainst aoy sueh mon~y imm~diabh uport tM oecur- ranc~ of sucA d~fauR w Wher erant ~wn -tha+[h such -cda?~a- is madi -or_ entered on tM books d_ Bank subspueM thersto~ snd (M tM Oblitont ~oiMty sod sweraly. Prom1s~ snd agree to pay sll eupensts M Bank in tM coli~ctbn of this not~ and iri th~ ~nforc~et ~of r1iMs Mround~r u~o in th~ ~n(orca~mnt of ~i~Ms under or with r~spsct to anv of the Colisttrat. ineludir~ nsaor+abN att~rr~Ys' tees. My P?ocMds o! snr Collatsai or of any di ion oi snY Collat~ral may bs sppfl~d by Bank to tM~t of enp~nses i~ conneetion with the Collatarai. includins' ressonsbN attom~ys'~ snd lKal e:pans~s. ff any notifiution of IMend~d ~ on W any of the Co(~at~rsl If rsquind by Iaw. til requfrMnents ot MasonaON . ~atiu sha8 b~ m~t. anA sueh noNc~ sAsll W deemad prop~rly g~wn. H at Nsst ffw dsYS before wel~ OisposiHon sueh notlc~ b s~rv~d on Matar in ths rtwnnK Mni~aRer proyided. Upon disposition oT sryr Cottat~rsi Maiw shall b~ and remsin liabis for any dMct~ncy: sod Bank shatl saouM to Malc~r tor amr wrplus, but Bank shaq hav~ tM ri~t to spdy atl w sny psR ot such surpius to tM psym~nt d anY ~isW~itlas wh~tl~u o~ not thht, or sny ot tlwm. b~ thu~ dw._ and in such ord~r ot applieatfon ss Bsok msr irom Um~ to Ume N~et. _ No dNay w aniss(on o~ tle~ psrt ot Bsnk in ~xeeelsins any rtgM k~nuod~r shsil optrats as s waMr of sueh risld or oE sny dM? rlsht undu _ this note. N mori thsn on~ psRY shall exaeute this note_ tM tam "Msk~l' shap mssn all psRi~s sisnfnB Mis nob snd uch of tMn+. Idnty snd sfM~ enily. b us~d h~rai~. the singular shalt Include tM plural snd tha plutal s1a11 m~se ~nd includ~ tM sl??~ufar, and sny proooun. of wAabv~r pnder Sh~N 111CIIMI~ il) sl11dlR. My notice to IWalc~r shsll be wtfleiMthr sen~d for ail purposas i! ptseed i~ tM ms~l. postat~ pnpaW, sddress~d W, or IaR upon tM pnmis~s ad, the sddress shoMm Mreo~ o? aoy other a0dress ~ppesrirK a+ BanKs ?~oords. - Msiw acknowl~dses roceipR of a comptat~d eePY of this nd~ on tfN abovt dst~. . ADDRESS: ~ ~ j~ ~ ; • ~ , ' ~ ' i ~1C c ~~?T~ ~ T 1_ (8EAL1 800K ` ~ cs~ua REGULATION "Z" DISCLOSURE COPY ~+ION-NEGOTIABLE i ~ - '~~-~3~~ ~ ~ ~ ~ ~ s.,~:--~~_-~ ,