HomeMy WebLinkAbout1990 . ~ ~+~~~r~~. ~~v vos~cv~~v/
Na. Na Dahd: _~e t~. 2.- . t9 ~ ow: Aug.a 6+ t9 f 6~ 862.80
- loan T~rmss
proc~ds = __rJ, ~0
Sixty. ( 60 ) Months - pt~NCE 1, 579. 92 ~
aft~r dat~ th~ und~ni9n~d, Mninaft~r called NiakK, jointl y ~nd sw~~sll y ~?R~'iE _
10.35
p?omi s~(i) for va lw ret~iv t
d to p~y to t F+~ or
d e~ of J~ea~n d~ad~ dsnk h~ra ~~tM? i
inaH~r called 8ank, ~t ib offic~ ~t J~m~e d~ach, Flwid~ ths sum of (~otal
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orhe. (iromtzs) _
with inte.at tMrson at tM ~~N of ____.,Z.Q.~9~9(, p~r ~nnum, all psyabl~ in
..~II____ nwnthy instalim~nts of = 1
7._d
-~A each on th~ ~.t~_ day of LOAN FEES s ~.~0-r
sah sua~ssiw monM comm~nci^~~on ~Ct. 6 j , 19 75 , fo~ther wilh
a BALLOO~I PAYMENT OF +~On@ pu~ - , 19 • ~N~~~ = 5, 267.88
A fin~ com~wted at tM r~t~ of S.OS pK t1.00 on aad~ inst~llrn~nt in d~f~ult for
a pxiod trt exqu of 10 d~ys m~y b~ d+arp~d ths Mak~r. No such f~M flfall fXGfld
55.00. AM1a4er is rpuired ~o paY +li com of colketion, inctudin~ a reas~:.s~!a ~~i~~~ _ ' .
~ey i fi~ ~f rofr-~ed for ooll~ction or tpal procNdinys. All paymenn. wh~thN prin- r ~~Q .
cipal, inMSSt w otMrwis~, ndt ncsind when du~ shall bear in»nat at 10°~e p~r i
ann~n, frar~ dw dat~ until paid. Ail payments made Mrevnde~ shall b~ credited ANNUAL rERGENTAG! RATE
-:rs+ ro ier+~rest. tF.en to lawful cha~s tMr+ sccrusd, and bst to principal. x
H+4~ ~an is pnpaid in full, aaeiNShd w rofinancad, ths Maker shalt as of ths daM of such ~wnt naiw such nfued oi tM ue- '
earr+~d patian of th~ endit lif~ irn~o~ pr~mium and financ~ eharq~ and such otMr cndit as may b~ rpoind by law or p en~y b~
nxeswlr to svoid uwry, provid~d th~t tM Hoid~r may r~tain s mimmum finsnce.cha~ of =25.00, wMthK or nof otM+wla~ ~arn~d,
and ~xcept in me c~ of • r~Rnancinp. no ftea~cs charg~ or prtmium rofund shall b~ msd~ if it amouny fo I~s tAan =l.pp. R~l~Nio~
arf any mi~emum fin~ne~ sh~ll b~ in addition eo s~rvios eMrye if any. Any lanqua~t eis~wh~?~ h~sin to th~ aontrary ;~pRwithuandlnp,
neiM+er Bank nor arry hold~t hw~of sh~11. noeiw a ret~in any chary~ w inte?est not allow~d by law. -
As security fcr tM paym~M of this note Msk~r has pladqsd or depoaitsd with Bank th~ folbwinp peop~l~ ~
Real Estate Mortgage .
(includ~n~ sll cssh, staclc snd Wt+~? divid~nds and alt riphn to subscribe for secvrittas Incid~nt to, declarsd or pnntd i~ to~t;on wit~ '
wd~ ProP~~Y). ssoir~rtr, toystlwr with all additions and substitutions hereafter plady~d or d~pcnitd with g~nk 4 nll~e! tM Col-
la~e.al_ Ths Collate~ai is also plad~d as s~curity fot all oth~r lisbilities so 8ank, (gtimary. s~condary. dinel, ooMinpMt. ~oN. ~pr~ a -
seveal). dve w to becnn~ dw or which m~y b~ heroafror contracted or acquired, of sach Maker (or of ~ach NbkK ~rd any athM pK_
son). Ths surrender ai~ this nors, upon payment w othsrwiss, shall not affect ths riyht of 8ank to ~Nain th~ CoQ~e~?d for sueh wFw
liabilities. _ . - ~ _ _ ,
CRE~IT tIFE AND CREDIT LIFE 3 OISABIl17Y INSURANCE ARE VOIUNTARY AND~,~~~~p POR tR~R, SKh ie~wr~na~ '
cow?~gs is available a~ the aost desiynated b~low for the term of the uedit: (s) = y 5~. ~3 fo~ Chdit 4h In-
wrant~ (b) i fo? Credit life d~ Disability Inwranoh . -
~ a'~` David A. Freer ~ Sr.
Appl. Credit lif~ Insuranu is destrsd on tM lift of + '
" - Bsrthdat~ ` May 24~ 1923 -
p Gedit Uh d.-Disability Insurance is d~sirod on
- &rt ate
p Gedit Life and/or Dlsability Inwrann ia nat ' :
- Dats: ~g~,~ 2, ~~-75 s~~ aviud~A.
Freer,~ ~ . ~ - -
s~o~.
Additions to, rcdvctions or exchangss of, or substiturions for ths Collaterol, psymsnts on accouM of this ban or ince~ases o~E th~ '
• sams, or other loans made partially or wholly upon ths Collateral, may .from time to time bs msde withouf aff~ctin~ th~ povisions
of this note. Bank shsll exerass reasonabls care in the cuxtody and preservaNon of ths Colls/e~a1 to fhs sxteM nquind by appliobl~
statuts, and shall be deemad tu have exercis~d reasonable carc if it takes wch action for that purpose as Nbker sh~11 re~sonably hqwst
in writinq, but no omiuion to do any ad not nqwsred by Maker shal~ be deemed a failuro to ez~rci» ~won~bl~ nn, and ~o atnis~,
sian ro aomply with any r~qwst of Mske~ shall of its~lf be deemsd a failure M exercisa roasonable qrs Banl~ sh~tl not b~ bour~d to
tak~ any steps rwcessary to pr~servs any rights in tfis Coll~teral ayainst priw psrti~s and Msksr sh~ll take dl nanwry sUpa for wc~ -
purposes. Bank or its nw~ine~ nesd ~ot pTlsd i~ferest on or principel of aMr Coll~feral or pivs ~ny oofios wiN~ nspKt to k.
If th~ Collateral shall a~ smr time b~coins unsetisfadory to Bank, AAeker sMll within on~ day aftM dsrn~nd
with Bank u p~rt of ths Collat~rel additional propKty whieh is satisfsctory to Bsnk.
If B~nk deems itself ios~curo, or upon th~ happeoiny of any of the following evenb.•ead~ of which sh~l) aomtitvlr i d~fwh h~r~-
undsr, all ItabiliNes of ~ach Mak~r to B~nk shall theraupon or thereafter, at the op~ion of B~nk, without notice er demand, b~oo~~s du~
and payablr. (s) tM hilun of eny Oblqw (which term shall mean and indude eed+ Meker, ~ndw~, wrNy and ~uannla of this
note) tv perform arry s~n~nwnt Mnund~r, to pay intsrost hsraon wilhin ten d~ys aitsr it is dus, or if tlwr~ ~ no dt~ daf~, af1M i?
is billed or oth~rvviss raqussted or danandsd, to psy ~~ryr other liabiliry whatsower to 8ank wh~n du~; (b) fh~ d~a~l~ oi ~po~~
(c) ths HtinO ~+~Y Pe?nip+ u+de~ th~ B~nkruPkY Ad, or any similu fed~ral or stats stmit~, by or p~irot an~? Obliqor (~~in ~PQIiu-
tion for ths appointmsnt of a reeeiwr for, the makirq oi sg! neral assiyement fa ths berNff~ d vsdrtors by, or th~ iosolvrnty af any
Obliflor, (e) th~ entry of a' t ~nst ~nY Ob~iyor:' (f)j ths iuuiny of smr machmsnt or ~amisiw~d, a 1h~ filinQ of ~ny li«t,
against amr property of ury~ liyor: (~th~ takinp of poss~ssion of any wbstantial part of ths pro~arty of any pbliqor at th~ imtano~
j oF any ~ovemrt~emsl authority: (h) the dissolution, m~r~r, coruolWation, or rewqaniution of aey Obllyor, th~ ~ssipnm~nt by any
j Msk~r of ~ny equity in sny of tfk Collstsrd withovt tl~ written consent of the Bank. Exh Oblipor hK~by wsiws
~ notias o? demand rofledirg such aacebration insofsr as wch roquirement bs in sddition ro th~ tn~re ~x~s~ of ~~r~ ~
this Nofs w the institutioo of suit by ths th~n holde~. ~01~ ~
; Bank shal) havs, bvl shsll not bs limited to, the followirq riflhts, each of which msy bs ex~rcFad ~t any tirne ~whNhK ar na thy .
i rwle is due: to plsd~~ w transhr this not~ and ths Collateral and Bank sMll thereupon b~ reli~wd of sll duti~s and n~ponsibiliti~s -
f hereu~der and rolieved from erry snd all liab8ity with rospsct M am ~oll~taral so pl~cfysd or transfarrsd, and ~rry P{~lq~ a h~. - ;
feree shall for all purposes stsnd in th~ plaos o~ Bank he~avnder end have sll the rp' hts of Bank Mnund~rj (i!) to fraeisfK tM wlbl~ _
~ or a~? part of the Collateral into the nsms of itself or its nominee; (ii~ to vote ths Collatxal: (iv) ta notify t!» pbli~ois of My Col- '
; latersl to make payment to 8ank of arry amouMS dw or to becoms due thereon; (v) to dsmae~d, su~ fer, eollKf, or msk~~y oon~prp.
~ miss w settlement it d«ms deairable with r~fe~enos to the Collateral; and (a7 to take tontrol of a~qr peoce~ds pf Cdlat~ral.
` Bank is hereby given a lien upon snd a sscuriry interest in all property of each Qbliyor nuw or at s~r tin~ F~wap~e i~ t~ pp~„ ~
E xuion of Bank in any capacity whstsoeve?, intludinq but not limited to arry balanae or shars of sny d~posit, tnnt, ora~y atpo~nt, ~
~ as ths sacvrity for tFie payment of this nots, and s simifar lien upon and security inrorest in all wch property of each IVyk u m
E for the payme~t of all other li~bilities of each AAaker ro Bank (induding lisbilities of esch Maker and an~r othar penon} and Ba~k~~halj
r have the sams riQhri as to such property ss it has with resped to ths Collatsral.
~ If Bsnk deems itself insecuro w upon ths oaurrencs of srry default here~nder Bank shall hav~ ths foroelosuh and atl~ ran~diK
; of s secund psAy und~r the Uniform Commercisl Code, or other applicable law and, without limiting the yen~rality of th~ fon9oirp
i Bank shsll havs the riyht, immediately a~d wrthov~ fvrthsr adion by ~t, to set off against tha note all mw~e~? orwd by gank In a~r ca.
€ pscity ro each a any Maker; end if wch set off shell oocvr Bank shall bs deemed to haw exereis~d wch~q M of a~t off and b b~w
made s charye sya~nst s~? such nwney imm~diately opon t~s oavnence of wd~ default even Mouqh such cha?q~ y m~ a~nteed
on the books of Bank aubseqwnt lherero. Unless the Collateral is perishsble or threatees to dsclins sp~~dily in valw or is of a typ~
customarily sold on a recoqoized msrke~, Bank will 9ive Maker reasonable notice of the time sed plac~ of any publk saf~ tMrsof or of
the time afler which any pr'n~te sale w any other intended disposition thereof is to be made. The requirem~nt of roa~onabl~ nvticy sha~l ~
be met if such notice is msiled, posta~e prop~id, to arry Maker at the address given below or at any otF~ sddnu shown on th~ rsc I
ords of the Bank, et least five days beforo the tirr?e of the sale or dispos:tion. Upon disposition of any Colblsral afttr ths oaurnnc~ ~
of a~y defavlt hereunder, Mske~ shall be and remain liable for a~tr ~;cirncy; and Bank shall sooow+t to Maks~ for any w~pIus, but }
Bank shall have the right to apply atl or aMr paA of such su?plus (or ro he:d rhe sams ss • ros~rvs psirq» eery and al1 efFwr liabi~itiK
~ of each or any Maker to Ba~k.
' No delay or omiuion on she paR of Bank in exercisi~ any right hereunder shall op~ra~ as s waiwr oi wcht~f or of ~ny a1Mr
; ri9ht under this note. Presentme~t, demsnd, protes~, notice of dishwwr, and exte~sion of tirn~ without notip ars l~ereby waiv~d by
j ea^h and every Obligor. The Obliqon, lointty and seve•s41y, promiss and ayrn~ to pay all cosb of collsetiw~ and r~asoMbl~ ~;,orr~ays•
E fee.: (not Icss H an 10% of the principal s~m) inasrred or paid by Bank _in enforciny this no~s upon tF- oowrrerx~ of ~ny ,7~f~uIL
Any notice to Msker shall be svfficiently served fx all purpos~s if kh upon or plsced in th~ n,:_, postaqu preo~id, addres~d to t1+~
premises at tF~s add~ess shown bebw ar sny oth~r address shown on Bank's reoords. -
; Wherever rhis raro is execwed by s camek~r o. ~ndorss~ who is tM wife of a maker er ~ndo~aK, tM ~aid wif~ does Mnyr ~x_
i preuly acknowlsdp~ ths w;th~n d~bt s~ her jant end individual debt.
! E~c+ of Msker acknowtiog~s r~wipt of a compl~ted copy of this No th~ abar~ d~apt~. -
' Addrs~s: BOx 341 Wal 1 ki 7 1
f ~y ~ Dav A. Freer, r.
; E~.~K~44 PAr.~~ ~ - - ~i~.e~`' cs..~
; Doris E. Freer -
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