Loading...
HomeMy WebLinkAbout0369 . ~ (S~cusr~d~a~nd~ Uns~cu~ K'~ Nw~ No. _ Dat«~ t~' i, : J i: ? t T:;r t: 19 : 3. 352. 80 . lou+ Tams: Proce~ds i _..2 ~ 500. U0~ . -•--------SIXTY (b3) i~,Gi~THS-------------- NNANCE _ _ 7 21~Q7 ahsr dats ths unde~sipned, hereinaher talled Maker, ;ointly and severelly ~ promise(s) fo~ vsiw ~eceived to pay to the order of J~nWn Maeh Mnk hera ~++^~+~~Y 5~-,~0-.... inaher called Bank, at its offks at J~ea~n Mach, Naid~ ths sum of (total af payments) Crediflife(wlife 25.T3 - T~x~4 ~ou3~d~b.~2~~~r~d F'ift~-T.~roMind----.---- ~ o:~bu:N) ~~s.s $.Q~.QQ=--_--~------_--;-.~_-_---.______~_.___~_.---~_____ Dollen p~her(itecnize) i with int~~est theroon ~t tM rats of Q:-~-_------- per annum eli p~yabl~ in _ ---._.__15.-DD_.. -60--- moothy (nstaliments o~ =55.58 each on the ~lat day of i---•----..'.-•-- ead? :v«esslve month comn,.nc+ ~ JuI 7~ ,op.th.. wiM? ~ ^q c" - Y 19__.__. • AMOUNT a BAIIOON PAYMENT OF =.~I0~1~ ~ue --~IA-•----°------. 19 HNANC~ _---2! 630• 83--- A flns computed at the wte of =.OS per =1.00 on each instsllmer+t in dsfault fw ~a~et~y coil~ct~d e period in exceu of 1O days may bs charyed ths Maker. No such fins shsll exceed ~ s5.00. Maker is mquired to pay all costs of collection.~includinq s reasonable anoa ~9es (itemize) ney i fee if roferred for colleciion w legal proceedinys. All payme~ts, whether p~in- cipal, interest w othervvise, not received when due shall bear iroerest at 10% per - i_.._____._______~9$?~i+ annum from due date until paid. Ail psyments msde he~eunder shall be credited ANNUAL PERCENTAGE RATE y6 fint to interest, then to Iswful char9es then accrued, at~d last to principal. If ihe los~ is prepaid in full, accelerated or refina~ced, the Maker snall as of the date of such event receive such refund of the urt- earned po?tion of the credit life insurarxe premium snd finance chsrge and such o~her credit as may be required by law w as may be necessary ro avad usury, prov'~dod that the Holder may retain a•minimum fi~ance charge of =25.00, whether or r?ot othervvise earnsd, and extept in the case of a refinananq, no finance charye or premium refund shall be msde if it amo~nts to leu than 51.00. Retention of any minimum tinance shall be in addition fo service charge if sny. Any language elsewhere herein to the toNrary notwifhstandinq, neither Bank nw any holder hereof shall receive w retain any charge w interest no1 allowed by Isw. As security for the payment of this note Maker has pledged or deposited with Bank the followin9 property: sa_ described in said mort~s~e . _ - - - . - - - - i~nduJ.r.g at~ cash, st«k end os~.er div~.iends and a!1 righis to subscnbe for securities incident to, declared w granted in connection with s~ch propertr•). which propertv togett~er with a11 additions and subst:tutions hereafter pledged or depasited with Bank is called the Col- t.r: • The e--'~ s also p~edged as secu:ir~ for all other liabilit~es +o Sank, (p:imary, secondary, direct, contingent, sole, joint or severall, due or to become due or wh:ch may be hereafter con!ra-ted or acquired, of each Maker (or of each Make? and any other per- son). lhe surrende• of this note, upo~ payment or olherwise, Sh3l1 not affed the right of Bank to retain the Collateral for such other Iiab~l~ties. CREDIT IIFE AND CREDIT IIFE 3 DISABILITY INSURANCE ARE VOLUNTARY ANQ.~OT.~QUIRED fOR CREDIT. Suth insurar?ce covcrage is available at the cost designated belo•+v for the term of the credit: (a) S a~~! fw Credit Life Ip.l surance (b) _ . . - for Credit life 3 Disability Insurarxe: 5~~, . ~~,i,U' cr,~k Robert Andre~r Kuth-- ..-~Nt*a ~-~o--~'---------- Appl. ~Credit Life I~wrance is desired on the life of . Box Birthdate ----~b[ 1~~-1v--°- Q~'J~ t~~~ ~Pt~ - ~`~;~R~'--~ ? Credit Life d~ Diubilify Insurarxe is desired o~ - - -S -~D -p - " Birthdate - - - - ? Credit Life andlor Disability Insurance is nof~• - - - - - - i .t t: y' 19 : : - - Robert Andrew •Kuth ~r~: s~9~r~~ _X_ _~...-r..~ s~g~t~~e _X~ ~ _ ~,a;~.__ Mary 4udrey iiuth Additions to, reductions o? exchanges of, w subst'atutions f' the Colla~ yments on aaount of this loan or increases of the same, or other loans made partially a wholly upon the Collaterai, may from time to time be made without affecting the provisions of this note. Bank shall exercise reasonable care in the custody and preservation of the Coilateral to the extent required by applicable ~ statute, and shall be deemed to have exercised reasonable wre if it takes s~ch action for that purpose as AAaker shall reasonably requesf in writing, but no omission to do any act not requested by Maker shall be deemed a failure to exercise rcasonable care, and no omis- sion to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall not be bound to take any steps necessary to preurve any ri~hts in the Collateral against prior parties and Maker shall take all neaessary steps for such purposes. Ba~k or its nominee need not co lect interest on a principal of any Collateral w give any notice with respect to it. If the Collateral shall at any time become unsatisfaclory to Bank, Maker shafl within one day after demand pledge and deposit _ with Bank as part of the Collateral additional properry which is satisfactory to Bank. If Eank deems itself insecure, or upon the happening of any of the following events, each of which slwll constitute a defauh he?e- ' . under, all liabilities of each Maker to Bank shall therevpon or thereafter, at the option of Bank, without notice or demand, become due ! and payable: (a) the failvre of any Obligor (which term shall mean and include each AAaker, endorser, surety, and g~arantw of this ~ note) to pe~fwm any agreement hereunder, to pay interest hereo~ within ten days after it is due, w if there be no d~e date, after it ~ is bilkd or otherwise requested or demanded, to pay any other liability yrhatsoever to Bank when d~e; (b) the death of any Obli~or f (c) the fiiiny of any petition under the 8ankruptcy Act, w any similar federal or state statute, by or inst ar?y Obligw; an applics- tion for the appointment of a receiver for, the making of a neral sssignment fot the benefit of a itors by, or the insolvency of smr j Obligor; (e) the entry of a iudQement against any Obligor; (~the iuuing of any attachment or garnishment, or the filing of sny lie~, sgainst any property of any pbligor; (g) the taking of possession of any substantial pan of the property of any Obli~w st the instanee of any governmental aufhoriry; (h) the diuolution, merger, conwlidation, or rew9anization of any Obligcx; the auignment by sny ~ Maker of any equ~ty in any of the Collateral without the written consent of the Bank. Each Obligor hereby waives any req~irement of notioe o? demand reflecting such acceleration insofar as such requirement be in addition to the mere exercise of any remedy afforded in ~ this Note oc the institutio~ of suit by the ttien holder. . Bank shall have, but shall not be limited to, the following rights, each of which may be exercised at any time whether o? rat this noM is due: to plcdge w transfer this note and the Collateral and Bank shal! thereupon b~ relieved of atl d~ties and responsibilities he?e~nder and retieved from any and all tiabilify with respect to any Collaterol so pledged or tronsferred, snd any pledc~ee ot trans- feree shall for all purposes starod in the place of Bank hereunder and have all the rights of Bank hereunder, (iy to transfer the whole or ar~y part of the Collateral into the name of itself or its rwminee; (ii7 to vote the Collate?al; (iv) to notify the Obligors of smr Col- lateral so make payment to Bank of any amounts due or to become due thereon; (v) to demand, we for, colled, or make any compro- mise or settlement it deems desirable with reference to the Collateral; and (vi) to take contro! of any proceeds of Collateral. Bank is hereby yiven a lien upon snd s sec~rity interest in all property of each Obligor rww or at arry time hereafter in the pos- session of Benk in any capacity whetscever, irxlsxling but ~ot limited to any balanoe w share of any deposit, ttvst, orsge ncy sao~nt, ~ as the secvrity for the psyment of this note, and a similar lien upon and security i~terest in all suchpr operty of each Maker as security fo~ ihe payme~t of alf other liabilities of each Maker to 8ank (including iiabilities of each Maker and any other person); and Bank shsll ~ have the same riyhts as to suth properfy as it has with rcspett to the Collateral. If Bank deems itself insecure or upon the oocurrenoe of any default hereunder Bank shall have the fweclosure and other remedies of a secured party under the Unifwm Commercial Code, w other applicable law and, without limiting the generality of the fwe9oinp, ~ Bank shall have the righf, immediately and without further action by~t, to set off ayainst this rrote all rtwney owed by Ba~k in any ca- , ~ pacity'ro esch or any Maker; and if s~ch set off shall oavr, Bank shall be deemed to have exercised s~ch r'~pht of set off and to have ~ made a charge against sny such money immedisrely upo~ the occurrence of such default even thouyh s~ch charge is made or e~tered = on the books of Bank svbsequent thereto. Unless the Collateral is perishable w threatens to decline speedily in value or is of a type ' ~ customarily sold on a recogniud market, Bank will give Maker reasonable notice of the time and place oE any public sale thereof or of ~ ~ the time sfte~ which any private sale or any othe~ intended disposition thereof is to be made. The req~irement of reaswuble notice sF~all F be met if such notice is mailed, postage prepaid, to any Maker at the addreu given below or at any other addrcu shown on the rca ~ wds of the Bank, at least five days before the time of the sale w disposition. Upon disposition of aMr Collateral aher the occurmnce of any defauh here~nder, Maker shall be and remain liable for any deficiency; and Bank shall aaount to Nlaker for any surplus, but ~ t Bank shall have the right to apply ail or any part of such surplus (or to hold the same as a reserve sgainst) any and all otF?er liabilities ~ of each or amr Maker to Bank. 1 No delay o? omiuion on the part of Bank in exercising sny right herevrxler shall operate as a wsiver of sucfi right w of any ofher ~ right under this note. Presentment, demand, protest, notice of dishonor, and extension of time withovf notice are hereby waived by ~ each and every Obligor. The Obligors, joiroty and severally, promix and agree to pay ail costs of collection and reasonable attwntys' s ~ fees (not ku fhan 10% of the principal svm) inc~rred or paid by Bank in enfwting this note upon the occtrrrence of sny defavlf. ' P Any notice to AAaker shall be sufficiently served for all purposes if left upon w plsced in the mail, postage prepaid, addrcssed to ths ; ~ premises at the address shown below or any other address shown on Bank's records. ? ~ Whercver this note is executed by s co-maker or endorser who is the wife of a maker or endorser, the said wife does hereby ex- preuly acknowledge the within debt as her jant and individual debt. ` Each of Maker acknowledges reoeipt of a completed copy of this N the abov date. 1 , ~ - ~ Add.~s: -----5~_IiQ~g_Lake._I;rive----- ' R csss4 ~-o ~A~v~- ~ . • . ~ ~ ~ Canyont-_I~'~inneaota~_,~. x ~ - - ~l.ar~~~.u:~R~- - - cs~q so~n[~sTt~¦ gppK PaGf ~(Ji3 - ~ . . . - - ,.N : . - - ~.r,p~-x`_'~ ,~-~''w- rz• ; w, a~c~`¢ - ~ `r y, i rS~ , -~,.r?'~+ _ _ : Y 7~ a . .