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HomeMy WebLinkAbout0667 _ , _ _ . . , . . ,~+~cie.~?~ Q~-. .rh E ~•:~k ~ INSTALUVIENT NOTE ~ BANK NAME (SttYf~ll i111I U11fKYf~f~ :t! ;.aat'~c~r-:.i I 5~., .~as~ser, fie.:~hi ~•lor. id: j_ Du~: - 19 f ~,~Q~•`;J IOCATION L ~ loan Terms: Noh No. Oat~d: . 19 P.«aeds i...3.~.2.2 2. ~?d FINA E FiF3~~. t;0 -'1~t " -Y .~~.)...:lnn~t~A . _ CHAR E ~ - . afte~ date the unders~gned, here~na(ter called Maker, ~ointly and severally Documsroary i promise(s) tor value rece~ved to pay to the order ot the Bank, at ~ts office S~amps as tisted above the sum of (total of payments). _ ~redif life (or life _ FOUR 'I`HCU$S:1D t~tE; i{UNI:~t~D Sk:V~.at .~ND b0/Z00 d~ Oisabiliry) I~s.i - - . ~ . r it ze Othe ( emi ) . ~ _ Dollars • , _ . • with interest thereon at the rate of ~Q.~':~. 96 per annum, all ray~ble in s -_-s.~------ monthly lnstallments of = i~..9~ _ . each on the _ ~ day of ~ - e~ch suaessive mor~th commenci " ~ ~ . . oqe~her w~th i . . - - n9 on ,~..4: lr_. . t9 7_(s, r n~ouNT , a BAIIOON PAYMENT OF . Due ~ _ . . 19 . . . FINANCED i 22~. ^ A fi~e computed at the rate of s.05 per s1.00 on each ~nstal~ment in defauft (or ~~rate~y collected a period in excess of 10 dsys may be charged the Maker. No svch fine shsll exceed f5.00. Maker is required to pny all costs of collection, inti~ding e reasonab~e attor- charqes (itemi:e) s rw~r's fee if referred for collection or leflat p~oceedinqs. All paymeMS. whelher prim clpal, interest or otherwise. not received when due shall bcar interest at 10°Xs pe~ i---- annum from due date until psid. All payments made hereunder shall be c~edited ANNUAL PERCENTAGE 1tATE ~Q____ x fint to i~terest, then to lawi~l char~es then accrued, and les~ to principal. If the loan is p~epa~d in full, accelerated or refinanced, the Maker shall as of the dete of such event receivs such refund of the un- earned portia? of the credit life insurance premium end finarxe charge and such othe? c?edit as may be requirsd by law o~ as may bs necessary to avoid us~ry, provided !hat Ihe Holder may retain a minimum fina~+ce charge of =25.00, whether or not otherwise earMd, end except in the case of a refina~cing, no finance charge or premium .efund shsll be made if it ameunts to leu than =1.00. Retention . of any mi~imum (inance shall be in addition to service charge if any. Any lanfluage elsewhere herein to the contr~ry notwithstandinq, neithe? Bank nor any holder hereof shall receive or retain any charge or intetest not bliowed by law. As security fw the payme~t of this note Maker hss plcdged w deposited with Bank the followiny property: ~...D•r 7p9~ ~_ndivicrd intere;:~---in'-' --'~_sL2~._Reef__~:ond.---7.-z--~ecord~C_ in .Q.Rl..--3~Ok'--2$E}t=_P~~e~_ 29;>1... i?nit 'r:~a:c.a j n;~ 25 in i.-~,:~. ~-4 A~t. No. : a.,i c!+eacrit~d i[1 8~id reortGa~e. ---~---T--------------------------- - - - - - _ . _ - - - ~ _ ~ ~ (~ncludinq all cash, stock and other dividends and all r~ghts to subur~be for secur~t~es irxident to, declared or grante~ in ca+nectioe~ with such ptoperty), which property, to9ether w~th alf add~tions and subsntut~ons hereafter ptedged or deposited with Bank is called the Col- ~ Isteral. The Cotlateral is also pledged as security foi all other liabilirfes to 8ank, (primary, secw~dary, direct, ca?tinqent, wle, ~oint or severa!), d~e or to become duc or wh;ch may be hereafter contracted or acquired, of each Maker (or of each Msker a~d any other psr- son). The surrender of this note, upon payment or otherwise, shatl not affect the righ~ of Bank to retain the Collatersl fw such other liabilities. CREDIT LIFE AND CREDIT IIfE 3 DISABIIITY INSURANCE ARE VOIUNTARY AND NOT REOUIRED FOR CREOIT. S~ch insurence coverage is available st the cost designated below for the te~m of the credit: (a) S- for Credit life le- suranae (b) _ - - - _ for Credil Life 6 Disability Insuronce: ~ Check Appl. p Credit life fnsurance is desired on the life of . ~ Box - - - - _ - _ Birthdate _ _ - - - - ~ Credit life d~ Disability Insurance is desired on - ~ - - Birthdste - - ~ ? Credit Life ar?d/or Disability Insurance is not desired. ~__._---~-----,j.p,.~;._~.--$~~~._~~----- ~ Date: . $iynature +nr: ~ i..- *)t~~,tS----- ~/~`j ~ ~ ~ ~ ` y,~' ~ # r?.~iris+~'r+r-`- - ~ L..ri ~ Signaturo~s 4L~.. Dl1BS_ 1_ - ~~--s-.-: f-c " ~ ~ , ` 3 . " j r.-~ _ t~i : t 1 ~ r Additions to, reductions or exchanges of, or substitutions for tFit Collateral, payme~ts dn ~afc~in? of th~s losn w incnase~ of ths " ~ ' same, or other loans made partiaHy or wholly upon the Coltateral„rnay from time to fjfne be'made without affectir?q the prdvisions t j of this no~e. Bank shall exercise reasonable care in the custody and p~tservation of the Collaterel to the extent reqvired by appliuble : statute, and shall be deemed to have exercised .easonabte care if it takes such action for that purpose as Maker shall reasonebl request ~ ~i in writing, but no omission to do any act not requested by Maker sha!I be deemed a failure to e:ercise ressonsble care, ;rld. omis- ~ sion to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall nbt'be r+d fo take any steps necessary to preserve any rights in the Collateral against prior parties and Maker shsll take all necessary steps or such ' purposes. Bank o~ its nominee need not collect interest on or p~incipal of any Collateral or give any notice with respett to it. ~ ~ If the Collateral sha~l at any time become vnsatisfactory,.to Bank, Maker shail within one day after demand pledqe and deposit ; j with Bank as paA of the Cotlateral add~tional property wnicti,is satisfactory to Bank. t j If Bank deems itself insecure, or upon rhe happe~ing of any of the following events, each of which shall constitute a default here- ~ i under, all liabilities of each Meker to Bank shall the.eupon or thereafter, at the option of Bank, without notice or demand, become due i and payable: (a) the failure of any Obligor (which term shall mean and include each Maker, endorur, surety, and guarantw of this ! note) to perform any agreement hereunder, to pay interest hereon within ten days after it :s due, or if there be no due date, affer it ~ is billed or otherwise reques~ed or demandcd, to pay any other liab~lity whetsceve~ to Bank when due; (b) the death of aMr Ob1iQor ! (c) the filing of any pet~tio~ under the Bankruptcy Act, o? any similar federal or state statute, by or against any Obliyor; (c~ an applica- - s tion for the appointment of a receiver for, the making of a qeneral assig~ment for the benefit of creditors by, or ihe insolventy of any ~ i pbligor; (e) the entry of a judgeme~t against any Obligar; (fl the issu~ng of any attachment or garnishment, w the filing of any lien, E sgainst any property of any Obligor- (g) the taking of posxssion of ary substantial part of the property of any Obligor at the instarxe ~ of any governmentel a~thority; (h) the dissolution, merger, consolidation, or reorqaniZation of any Obligo?: (i) the assignment by eny ~ Maker of any equity in any of the Collateral without the written consent of fhe Bank. Each Obligor hereby wa+ves any requirement of ~ i notice w demand refledinq such acceleration insofar as such requirement be in addition to the mere exercise of arry remedy afforded in ~ this Note or the institution of suit by the the~ holder. ~ ~ Bank shall have, but shalt not be limited to, rne following riohts, each of which may be exercised at any time whether or nof this note is due: (i) to pledge w transfer this note and the Coliateral and Bank sha~l thereupon be retieved of all duties and responsibilities ~ hereunder and relieved from any and all liability with respect to any CollatEral so p~edged w iransferred, and any pledgee a frans- ~ feree shall for all purposes stand ~n the place of Bank hereunder and have all the rights of Bank hereunder; (ii) fo transfer the whole ~ w any part of ~he Coltateral into rhe name of itself or its nominee; (ii~ to vote the Coi~ateral; (iv) to notify the Obligas of any Col- ~ Isteral to make payment to Bank of any amounts due or to become due thereon: (v) fo demand, sue for, collect, or make sny compro- mix or uttlement it deems desirable with reference to the Collateral; and (vi) to ?ake contro~ of eny proceeds of Collate?sl. ~ Bank is hereby given a lien upon and a security interest in all property of eath Obligo~ now or at any time hereaher in the pos- ~ session of Bank in any capacity whatsoever, including but not limited to a~y ba~ance or share of any deposit, trvst, or agency xcount, ~ g ss the sec~rity fo. the payment of this note, and a similar lien ~pon and seturity interest ~i.~ll such property of each Maker as security { = fo~ the payme~t of all other liabilities of each Maker to Bank (including liabilities of each Maker and a~y other perso~); and Bank shall ~ ~ have the same rights as to such prope.ty as it has with respect to the Cd~ate.aL ~ !f Bank deems itself insecure or upen the occurrence of any de(ault hereunder Bank shall have the foreclosure and other remedies ~ of s secured party under the Uniform Commercial Code, or other applicable law and, without limiting the generality of the fweyoing, ~ Bank shalt have the right, immediately and without further action by it, to set off against this note all money owed by Ba~k in any ca- ~ pxity to each or any Maker, and if such set off shall occur, Bank shall be deemed to have exercised such right of set off and to hsve ~a+ 3 made a charge against any such money immediatety upon the occurrence of such defaull even thovyh such chary~ is made or entered f ~ on the books of Bank subsequent thereto Unless the Cotlateral is pe.ishabte or threatens to decline speedily in value w is of a type N ~ customarily sold on a recognized market, 6ank will gi•re Maker reasonable notice of the time and place of any public sale thereof w of ~ the time after which any private sale or any ether intended disposition thereof is to be made. The requ+rement o4 reasonable notice shall ~ be met if such notice is mailed, postage prepaid, to any Maker at the address given below or at any other address shown o~ the rec- ~ 3 ords of the Bank, at Ieast f~ve days beEOre the time of the sale or disposition. Upon d~sposit~on of any Collateral after the o!currence ~ ~ ~ of a~y default hereunder, Maker shall be and rema~n liab!e for any deficiency; and Bank shall sccounr to Maker for any surplus, bvt ~ ~ ~ Bank sha~l have the right to appty all or any part of svch surplus (or to hold the same as a reurve against) any and sll other liabilities ~ of each or any Maker to Bank. j ~ No detay or omission on the part of Bank in exercising any riqht hereunder shall operate as a waiver of such right o? of any other ; ~ riqht u~der this note. Presentment, demand, protest, notice of d~shonor, and extens~on of time without not~ce are hereby waived by ~ > each and every Obligor. The Obtigo.s, joiMty and severally, prom~se and agree to pay all cosrs of colledion and reasonable attorneys' ~ fees (not less than 10°;0 of rhe p~incipei sum) incurred or paid by Bank i~ enforcing this note upo~ the occurrerxe of any default. { Any notice ro Maker shall be suff~ciently served for a~~ purposes if left upon or placed in fhe mail, posta9e prepaid, addressed to the 4 prem~us a~ the address shown below or any orher address shown o~ Bank"s records. ~ ~ Wherever this note ~s executed by a co-maker or endorser who is the wife of a maker or endorse~, the said wife does hereby ex• ~ ~ prossly acknowledye +he wirhin debt as her ioim and ind~vidual debr. ~ ~ Each of Maker scknowledges receipt of a completed copy of this Note o~ the above date , ~ , , ~ ° Address~~a.~i~ iya,:.• .i~u;::L~ ~k=~~- ~ 4t-- r~1' "{'t"`-t" `t - ~SA~n - - - 'k _ - - - - ; ~ ,TL tSt. .fls C 1. ~S~:LS:ft%:~.12 f-• J't%•'hS~, ~ Ff ~r_}fi'_ ~R ~O.*it28 ~ ' {.^~e~ . ~ • i, i~ . : i. ~ t.s - ' - - ~ ~ - - 1 ~ ~ FBS 77~ . , ~r i?p'.-11~ . - ~O~+11 ki. 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