HomeMy WebLinkAbout0674 ' ~ ~ INSTAItMENT NOTE ~
y f°-'!~.~] i~~c.ji~_`i2 i~.~L'>i[ ~ 1
BANK NAME ~~KV?~ and lJnMCUn~ ~
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,x~i s;.?c_: :1~t~ ~'-r- F~ :T-.,,~?r~ i'.a3ti-h~ k`~r~~-~ra Du~: F 19 _h~_ = fi~li .5:~1 ~
l0 ATION
Not~ Ne. DaNd• `.u:~, ~ lwn TOfn?s:
. 19 Pr««ds t---••----- 4~ fi 42 . QO
fINANCE 1 330. .
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aiter date the unde~sig~ed. hereinafter called Make~, jointly and severally ~un i•••--•-••---..__~_..,_._.
promise(s) for value received to pay to the order ot the Bank, at its ofiite Sampt
as listed above the sum oi (total of payments)_... Crsdit lih (or Lifa
~._~~~nr-~a~,m .f.~~.it~~:;~.~-.~~.7t==-"~~1-~1--~~~~i1~~-+~- _ d~ ~isability) Int.=
- _ . . _ _ -
, _ , . . . _ . ~ltMr (ite
---r- " mixs
....................-----------.._._..-••••--•---:~--:-.:_-::....~.:~-vcnars
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with int~rssf iMrwn at tF~ ra1~ of per annum. ell p~yabk in r s
•
'-f±r?----•- mo^thly installmenn of t...}d2:$$'.._. each on th~ ---6,~._._. d~y of ' ` i.....--•----
tach waessive month comm~ncinq on . 19_
1~t~" t7'~1.~..-----~ toqether with - #
• pAILOON PAYMENT OF Ous 19 AMOUNT ~
_ ii~~-'_ ' - _FINANCED i -~-•-------~r+i~t-•1~D ~f
A fin~ computsd ~t the ~aro of =.OS par s1.00 on each instal!men~ in de(ault for ~~~iteW collect~d ;
~pe ~iod in excess of 10 days m~y be ch~r9sd the AAaker. No such fine shsll exceed ~ryes (it~mins) _
s5•00. Maktr is required to pay ail costs of collection, i~cludinp s reasa+able attor- - ~
ney's fee if roferred for collectio~ o~ legal proceedinqs. All p~yments. whether prin-
dp~l, interest w otherwise. not reteived when due shall bear inta{est at 1096 Ptt -
annum from dw d~te until paid. All payments made~reunder shall be~ cr~dirod ANNUAL PERCENTAGE RATE x
fi?st to int~rost, the~ 1o Isw(ul charqes then accrued, a last to principal.
If ths loan ispr epaid in full, aaelerated w refina~ced, the Maker shall as of the date of such went raceivs such rofund of th~ un-
euned pwtion of ths uedit life insurants premium snd finante chsrge and suth other credit as may be required by law or ~s may bs
nstessary to svoid usury, provided that the Holder may rctsin a minimum finance char9e of =~5.00, whether or nof otMrwis~ earMd,
•nd except in tF+e case of a refinanci~q, no finance charge w premium refund shell be msde if it amounri to less th~n s1.00. Retention ~
of ar?y minimum ~nante shall be in addition to service charpe if arry. Any langua9e elsewhers harein fo ths contrary notwithst~ndi~q,
n~ither 8ank nor any hotder hereof shall receive or retsin sny cha.ge w inrerest not allowed by law.
As secvrity for ths payment of this note Maker has pled9ed w deposited with Bank th! followinp prop~rty:•~__Q~IIZf,~L~Vj.C:f~Ct ~
; ~ ir: `:~irtle F~.f Laxl. - ~~-'~a~~.__1~2_~2.8.~__~Oit__.?.~'~_P~~ ~_.~Lt~i~i~c.~t_ ~
- -
a:,~3 11 in C~d. C-~:~: ~.~t. :10. C-12 s~,~__d . . _
' -r------ __~~.__~.._s?~a~•.. .
(includiny all tash, stotk and other dividends snd all .iyhts to subxribe for securities intident fo, lared ot 9ranted in connecfion with
suth property), whith ptoperty, togerher with all additions and substirotions heroaite. pledged o? deposited with Bsnk is called tht Co{-
laroral. The Collateral is also ptedyed as security fa all othe? Iiabilit5es to Ba~k, (primary, secondary, direct, continyent, sole, joint o?
severaQ, due or to become due w which may be hereafrer contracted or acquired, of each Maker (or of each Maker and a~y o1F+er ps~-
son). The surrender of this note, vpon peyment o~ otherwise, shall not aifect the right of Bank to retain the Co1lsMral for suth other
li~bilities.
~REDIT IIfE AND CRE~IT LIFE 6 DISABIIITY INSURAt.ICE ARE VOIUNTARY AND NOT REQUIREO FOR ~REDIT. Such insurence
tovsra~e is availsble at the cost dtsig~ated below for the term of the credit: (a) s..._._:_..______________________________________ for Credit lih In- ~
suranae (b) S.-__--...-••--------•------•---•------------------------------.--... fo? Credit life A~ Oisabiliy Insvranca: •
Appl. Q Credit life Insurar.ce is desired on the life of -
C1b[k i
Box '
- BirfhdaM 5
- .
5
p Credit Life b Disability Insurance is desired on ~
Binhdate - ~ ~
- - ;
Credit life and/w Disability Insurance is noj.N~sire,~l. ~-------r=- - t ~
~ ; ~ , - , ,
o.ro: - --1-::1~- s~~oawc?-- ' t_''~ . , ~'1'+r~-s~~ .
_ -3T- - _f_~ ~'ictor r.. i~nod~ur, ~ir. 3
-
~ Signature ~ ~
Additions to, reductions or exchanges of, w substitutions for the Collateral, psyments on account of this loa~ w intresses of ths ~
same, w other loans made partiatly w wholty upon the Collateraf, may (rom time to time be made without affectiny ths provisions E
of this note. Bsnk shall exercise reasonable care in the custody and preservation of the Collateral to the exten? required by spp~icable ~
statute, and shall be deemed to have exercised reasonab~e ure if it takes such action fw that purpose as Maker shall rcasonab~jr raquest y
in writiny, but no omission fo do any acf not requested by Maker shall be deemed a failure to exercise ressonable cart, ~nd no omis- ~
sion to comply with any request of Maker shall of itself be decmed a failure to exercise ressonable care. Bank shall not be bound to ~
take any sfeps necessary fo preserve any rights in the Collateral against p~ior parties and Meker shall take all netesssry steps for wd~ }
purposes. Bank w its nominee need not collecl interest on w p.incipal of any Collateral w give any notioe with respett to if.
If the Collatcral shall at any time become unsatisfactory to Bank, Maker shail within one day sfter demand pledqe and depoait ~
with Bank as part of the Collareral additional property which- is satisfactory to Bank. ~
I If Ba~k deems itself insecure, or upon the happening of any of the following events, each of which shell constituts a default hera- :
i under, all liabilities of each AMke~ to Ba~k shalt thereupon or thereafter, a~ the option of @ank, without notice or demsr+d, become due -3
~ and payable: (s) the failure, of any Obligw (which term shall mean a~d include each Maker, e~dorser, surety, and yuarantor of this :
rtWe) to perform any agrceme~t hereu~der, to pay interest hereon within ten days after it is due, w if thcre be ra due date, after it i
' is billed or otherwise requested w demanded, to pay any other liabiliry whatsoever to Bank when d~; (b) the death of any Obliyw ~
; (c) ihe filing of any petitio~ under ~he Bankruptcy Act, or any similar (ederal or stete statute, by o~ay ainst eny Obliyw; an applics- ~
; tion for the appointment of a receiver fo~, the making of ag neral assignment for the benefit of arditors by, or the insolvrncy of any ?
~ Obli9or; (e) the entry of a j~dqement a9ainst any Obligor; (fj the issuing of a~y attxhment or garnishment, or the filiny of any lien,_ ~
~ a~ ainst sny property of a~y Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at fhe instanoe ~
of any ~overnmental authorify; (h) the dissolution, merger, consolidation, w reorganization of any ObliQw; (7 the euiq~ment by any
~ Maker of any equity in any of the Collate~al without the written consent of the Sank. Each Oblipor hereby waives sny req~irement of ~
notice or demand reflecting svch acceleration insofar ss svch requirement be in addition ro the mere exercise of any remedy afforded in ;
~ rhis Note or the institution of suit by the then holder. ~
Bank shsl~ heve, but shall not be timited to, the following riahts, each of which may be exercised st any time whether o? not this ~
note is d~e: (i) to pledge w transfer this nose and the Collateral and Bank shall thereupon be relieved of all duties snd responsibilities
~ hereunder and relieved from any and all liability with respect to a~y Collateral so Rledged w tronsferred, and any pledgee w trara- , 2
feree shall fw sll pviposes sland in the place of Bank hereunder and have all the rights of Bank hereunder; (ii) to transfer ths wFwk '
or ar~y paA of the Collateral into the name of itself a its nominee; (ii~ to vote the Collateral; (iv) to notify the Obligws of am? Cd- ~
lateral to make payment to Bank of any amounts due w to become due the?eon; (v) to demand, sve (or, colkct, or make any compro- j
~ mise or settlement it deems desirable with reference to the Collateral; and (vi) to take control of any proceeds of Coliateral. ;
Bank is hereby qiven a lien upon and a securify interest in sll property of each Obligor now o? at any time heresfter in fhe pos- '
~ session of Bank in any capacity whatsoever, inclvdiny bv1 not limited to any balsnoe d share of any deposit, t?ust, or syenty atcount, ~
•s the security fw the payment of this note, and a similar lien upon and security inrerest in all such property of each AAaker es socurity
fw the payment of all other liabilities of esch Maker to Bank (~ndudirg liabilities of eacfi Maker a~d any Wher persw~); and Bank shall
q have the same rights as ro such property as it has with ~lspect to the CdlateraL . ~
~ If Bank deems itself insecure or upon the occurrence of sny default hereunder Bank shall have the foreclosure snd other remedies
of s secured psrty under the Uniform Commerual Code, or other applicable law a~d, without limiting the flenerality of the foreyoirq, ;
Bank shall have the right, immcdiately and without further scfion by it, to set off sgeinst this note all money owed by Bank in any ca- i
pacity to each w any Maker; and if such set off shafl occur, Bank shall be deemed ro have exercised such right of set off and to hav! ~
' made a chsrge agsinst any such money immediately upon the occurrence of svch defavlt even thouflh wch .charye is made or e~tered
~ on the books of Bank subsequent thereto. Unless the Collateral is perishable or threatens to decline speedily in value w is of s type ;
, customa~ity sald on a retoqnized market, Bank will give Msker rea~Onabk ~Otite of •the rime a~d place of any public sale thereof or of ~
« the time after which any private sale or any other ~ntended disposition tF~er~of is to be made. The requirement of reasw~sble notice shall
, be met if svch notice is mailed, postage prepaid, to any Maker af the sddress given below w et any ofher addreu shown on the rec- ~
¢ ads of the Bank, at least five days before the time of the sate or d~sposirio~. Upon disposition of any Cotteteral after the oaurrence !
of any default hereunder, Maker shall be and remain liable for any deficiency; and Bank shall account to Maker for any surplus, but j
; Bank shall have the right to apply all w any part of such surptus (or to hold the same ss s reserve aqainst) any and all other liabilities ~
~ of exh or any Mske~- to Ba~k. s
~ No delay or omissio~ an tix part of Bank in exercisiny any right hereunder shafl operate as a waive? ot such right or of any other ~
riqht under this note. Prcsenrment, demand, protest, notiu of dishonor, and exte~sion of time without notice are hereby waived by ~
~ each and every Obligor. Tfie Obligo~s, iointly and severalfy, p~omise end aflree to pay all costs of coltection end reasonable ettwr?eys'
~ fees (not less than 10% of the prinupat sum) incurred o? `paid by Bank in enforcing ~nis note upon the occurrence of any def~ult. ~
~ • Any nofice to Maker shall be suffitiently served for all p~rposes if leh upon a placed in the m~il, postaQe prepaid, add~essad fo 1M
~ premises at the address shown below or any other. sddross shown on Bank's records. ~
~ Wherever this note ~s executed by e co-maker or endorser who is the wife of a maker or endo.s~r, the said wife does hereby ex• ~
pressly xknawladye the withir. debt as he. ianr and ind~vidual debt.
Each of Maker acknowledges receipt of a completed copy of this Note an the abpve daro. ~ ~ ~ ~
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p : _ z- ..~..r s ~~T . ~3.~~ Y i. ~ ~ ~ ~y.-s.l~r~ ~y.
; Address: - - - - - - ' ~ ~ --~~=~-~'"'_~c ~ _r ~
~ t.. ~:~'*J_i°lffr rE ~ ;
~ - . ( ~
E=.-_t s" ~
~ - - -~i~-~--- 6-74 . - _ -
~85 »o ~ ~5
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~ _...ry-.. . . . _