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Home My WebLink About0330 . ' l of an~• insol~~ency or debtor's proceeding ca~unenced in ~oo•:i faiti~ and on reasonable cause, or in the event that any foreclosure proceeding is in- . stituted against any of the COMPANY'S assets, or any execution run against ~ " 4 or lien placed on any of said assets, or in the event that the C0~IPANY ; ~ shall do or perfora? any act that the undersigned has herein agreed not to permit the COMPANY to do, then the holder of this note may declare that payment has been accelerated and ruay declare Lhe entire indebtedness t}}en ' remaining unpaid immediately due and payable without further notice or de- nand, and thereupon such indebtedness shall be payable forthwith,.with in- terest theYeafter at the rate of eight (8%) percent per annum; and if this note be not then paid in full and is turned over to attorneys for collec- tion, the undersigned~agrees to pay an attorney's~fee equal to ten (109.) percent of all then unpaid principal and interest. The acceptance of payment of any installment after its due date shall not be de~ned to establish a custom or waive any rights to enforce prompt pay~nent of any other installment~, and the holder's failure at any time to ~ exercise any right to accelerate the payRnent of this note shall not consti- tute a«aiver to the exercise of such right at any other time. The undersigned waives demand, presentment for payment, notice of ~ non-payment, protest and:notice of protest. ~ c r E s i ThA ~~n~Pr~~~r?d recerves rhe r.ight t~ QrPpay the nrincinal of this ~ ~ ~ note, in full or by partial payments ot noL ~c~s than One Thousand . # E - ~ ($1,000.00) Dollars each, or multiples thereof, on Dec~mber 1, 1975,.or ~ ~ ~ ~ at any time thereafter without prior notice and without pen~lty or premi- ; ~ ~ ~ u~ of any kind. Any such prepayment shall be applied on and be credited ; ~ ~ ~ against the installnents of principal hereof last to mature. ; ~ : ~ t • ; This note is secured by a collateral pledge of all issued anc out- ~ - ~ 5 standing stock-of the CO~iPANY purchased by the undersigned, but such pledge ~ ~ ° shall not affect the personal obligation of the undersigned to pay this ~ ~ € ~ ti _ ~ - 4 - : ~ i : ~ ~ ~ ~ 330 BOOK ~ ~ ~ ° ~ ~ ~+~'4~-~ c _ ~ . ; . _ m_a~.-