HomeMy WebLinkAbout0213 ' ~ r . ~ I-~ ~ , a ti : : ; t ; INSTAlt1MENT NOT!
flANK NAME (SltYffd ~IId Y111KYfN~ ;
~
~~~irliNrrlfil ~t. , J~Ti~*~r~ ':•eE,ch~ ~~L ~w:. 19 E~._: 6.~~~8_i!~ ~
IOCATtON ~
Not~ No. - O~t~d: J u.~ e 2 G , 19 7 F lou+ T~rms: 5 2 i1 Q ~
Protesds =
i1NANCE i--•-. -?-•~-3 C! 6. 2 0_ .
Sixt (6t~.)_..i.tonths ~
- - - CHARtiE
after date the unders~gned, hereinatter called Maker, jointly and severally Oocumeroutr i
promise(s) (or value rece~ved to pay to 1he order o1 the 8ank, at ~ts oifice St~mps
as listed above the sum of (total ot paymeMs) Credit life (o~ tih :
.:1a1 m~.~~i ll11`11 FIrT~_-~i~a!_:F....{?Fl.~-"~~~.~Q.1~~........~...~~ ~t~ISAbl~l~l~~flf.s
..__y_~ ~...M.._.'---_..^' r'•"•" ~ ~ 1
~~~a~~ Othsr (itemize)
- • ~
7.0 00 s •
with IN~rsst therson ~t th~ rate of .....96 per annum, all payabk in }
i
b~.1.~_ monthly In~tallments of 1. s~_~..~ .`3.~ . each *h. .14_ day of ~
each suocessive moeth comme~cinq on 19__.s.ri . toqether wrth
' ~ - - • AMOUNT -
• BALLOON PAYMENT OF S--• ---I~O.lB----- - - . 19 , ? ~ 2 . C ~ ~
_ _ FINANCEO t
A H~e computed at the rate of s.OS psr =1.00 on each ins~al!menf in default fa ~~~ately collect~d ~
• period in ~zteu of 10 d~ys may be charqed the Maker. No such fine shstl exceed ~Mr~s (itemize)
;5.00. Maker is req~ired lo pay all costs of co~lection, inctudinq a reasonable ~tto.- s
ney's fes lf nferred fw collection w tepsl proceedinqs. All payments. whether prin-
cip~l, ioterost or othervvise, not rsceived when due shall bear interest at 1096 pe~
annum from dus date until paid. All psyments made he?eunde. shall bs credited ANNUAI ~ERCENTAGE RATE _ 1~._ ~f.
~rst to in~e~ss1, then to lawful chsr9es the~ accrued, and last to principal.
If the Iwn is prepaid in fvll, aaelerated or refinanced, the Msker shall as of the date of svch event roc~ive such refund of tt» un- - 3
earned portion of the credit life insurance premium a~d finance charqs and such other credit as may be req~ired by I~w a as maY be ~
nxess~ry to avoid usury, provided thst the Holder may retain s mi~~mum finence charge of s~5.00, whether or not otherwise e~rn~d,
a~d ex4ept in the case of a rsfinsncinq, no finance charge w premi~m refund shatt be msde if it smou~ts to leu than =1.00. R~tention
of any minimum fina~ce shall be io sddition to service charpe if any. Any langvaye eluwhare herein to the co~tr~ry notwiihstandiny,
n~ither Bs~k rwr any holder he~eof shall receive w retain any cha.9e w interest not allowed by law. v?~~~ ~
As, rinr f tF~e paYn'+ent of this eote Ma{
c
Qr has ledg~ or de ited ~yirh ~nk the followi~p p~op~rty: .--~--•_--~~pk.~ ~
uz-:d a v i
c~"~--m i n t a r e s t i n. u r t~ e ~.e ef `~ona. , recor~~ea in Q.
aagg ~~3I:-::-Uni~~-~fzescs--~9~~and~yRS-~in~~Con~~---~IB_,_~i~p~:-'Ao:~~~~8;~as~~escrsLed i:, :
- - ~ i
(includir+q all cssh, stock and other dividends and sll rights to subscribe for securities incidero to, declared o? pr~~ted in connatt~on with Sd3CI ~
atxhpr openy), which property, together with ali additions and substitutions hereafter pledged of depoaited with Ba~k is ulled the Col- L~1GY'tgc3~,
Isleral. The Coltateral is also pledged as sec~rity fw all other liabilities to tlank, (primary, secondary, direct, continqent, sok, joint o? •
sewral), due or to become due or which may be hereafte? contrscted w acqui?cd, of each AAaker (o~ of esch Maker and any other per- }
son). The surrendc~ of this nots, upon payment w otherwise, shall not atfect the right of Bank to retain the Collateral fw auch -other
,
liabilities. !
CREdIT IIFE AND CREOIT LIFE d~ OISABIIITY INSURANCE ARE VOtUNTARY AND NOT REQUIRED FOR CRED{T. Suth ios~ranoe ~
coverage is svaileble at the cost desiyRated below for tF?e term of ~he credit: (a) f-- fw Credit life In- .
surance (b) S---------------._---~----------------------•---------------~---.. for Credit L~fe 6 Disability Insvrance: ~
~F10C~( i
Appl. p Credit life Insurance is desired on ihe life of 1
Box - - Birthdate - f
t
~ Credit life 3 Disability Insurance is desired on i
Birthdate - - ~ ~
;
.
~ Credit life andlw Disab+lity Insurance is not desi ' . ' - - .
,
, . ; ~ t
. , . i ~ieb~rt . i~~ozn
Date: ~ ~ nature - t - - ~
`-`=-=----1 ~9 - - - - -~~---~a-- L
- • ' tt8 . ~nl : +
s~9nat~?e ----5~=--=tJ4~- ~
Addit~o~s to, reductions o. ezchanges of, or s~bstit~tions for the Colla!eral, payments on aocount of this lo+~ or increases of the ~
same, or other loans made partially or wholly upon the Co~!ateral, may from time to~ time be made witho~t affectin~ the provisions
I of lhis r?ote. Bank shall exercise reasoRable care in the wstody and preservation of the Collateral to the extent requi-ed by applicable ;
statute, and shall be deemed to have exerc~zed ieasonab'.e care if it takes s~ch action for that purpose as Maker shall ressonebly roqwst ;
~in writin~, but no omission to do any act not req~ested by Maker shall be dcemed e failure to exercise reason~ble caro, and no omir '
~ sion to comD~Y with any request of Maker shall of itself be deemed a failure to exercise reasonable caro. Bank shall not be bound to
; take any steps netessary to preurve any rights in the Cotlateral against priw parties and Maker shsll tske all necessary stepa for such
~ pur~wses. Bank w its nominee need not coitect interest on or principal of any Collate~al or give any notite with respecf to if.
If the Collateral shall st any time become unsarisfactory to Bank, Maker shail within one day after dema~d pledqe and depoait
j with Bank es part of the Coftateral additional property which is satisfactory to Bank. ;
i If Bank deems itsetf insecure, or vpon the happening of any of the foilowing events, each of which shall cautitute e default here- i
~ under, all tiabilities of each Make? to Bank shall thereupon or thereafter, at the option of Bank, without notice o: demand, become due =
~ and payeble: (s) the failure of any Obl~gw (which term shall mean and i~clude each Maker, endorser, surcty, and g~arantor of this
note) to perform any agreement hereunder, to pay interest hereon within ren days after it i3 due, or if there be r?o d~e dete, after it f
~ is billed or otherwise reqtKSted w demanded, to pay sny other liability whatscever to Bank when due; (b) the desth of any Oblipor ~
(c) the filing of any petition under the Bankruptcy Act, or any similar federal w state stetute, by orag ainst atry Obliyor; (d) ~n applica-
~ tion for the appointment of a ~eceiver fa, the making of ag neral auignment far the bersefit of credito~s by, or the insolve~cy of any ~
Obfigor; (e) the entry of a judgement against any Obligor; (fj the issuing of any attechmenl or yarnishment, or the filiny of any lien, ,
against any property of any Obligor; (g) the taking of possession of any s~bstantial part of the property of any Obliyw at the instsnce ;
~ of any Qovernmental authority; (h) the dissolution, merger, consolidation, or reorganization of any Obliyor the sss~ynmenf by any ;
Nlaker of any equiry in any of the Collaterel without the wrinen consent of the Bank. Each Obligor hereby waives ar~y requirement of
notice or dema~d reflecting svch acceteration insofar as svch requirement be in addition ro~he mere exercise of any remedy afforded in '
this Note or the institution of suit by the then holde?.
Bank shall heve, Mit shall not be limited to, the following riohts, each of which may be exercised at any time whether or not this +
note is due: (i) to pledye w transfer this note and the Co~latera{ and Bank shall therevpon be relieved of all duties and responsibilities ~
~ hereunder and relieved from any and aIl liabil~ty with respect to any Collateral sa pledyed w transfened, and any pledyee or trans- _ ;
feree shall for all purposcs stand in the plsce of Bank hereunder and have all the rights of Bank hereu~der, (i~ fo transfer the whole ~
~ w any part of the Collateral into the name of itself or its nommee; (ii) to vote the Collateral; (iv) to notify the Obligws of any Col- :
lateral to make payment to Bank of any amounts due or to become due thereon; (v) to demand, sue for, colled, or make any compro- {
~ mise or settlement it deems desirable with reference to the Collateral; and (vq to tske control of any proceeds of Collateral. ~
~ Bank is hereby g~ven a lien upo~ and a security interost in all property of each Obligor ~ow or st any time heresfier in the pos• }
~ session of Bank ~n any capacity whatsoever, including but not limited to any balance w share of any deposit, trust, orsye ncy account, ;
ss the securify for the payment of this note, and a simifar lien upon and seturity interest in ell suth property of esth Maker as security F
~ fo~ the payment of ell other Iiabilities of each Mal~r to 8ank (including liabilities of each Maker a~d any other pe?son); and Bank shall
~ have the same riyhts as to s~ch property as it has with respect to the Co!IateraL ~
s# If Bank ~eems ituff inxcure or upon tiie occurrence of any default hereunder Bank shall have the fwecbsure and other remedies 1.
~ of a secured party under the Uniform Commercial Code, or other applicable law and, without limiting the flenerality of the foreqoiny, !
Benk shall have the right, immed~ately and without further sdion by it, to set off against fhis note all money owed by 5enk in any ta- j
pacity to each or any Maker; and if such set of~ shall occ~~, Bank shall be deemed to have exercised such right of set off and to have i
made a charge against any such money 7mmed(itety ~pon the occurrence of such default even though such charge is made or entered `
' o~ the .books of Bank s~buquent thereto. Ur~tess the Collateral is perishsble or threatens to decli~e speedily in vslue or is of a type ~
x customarily sold on a recognized market, Bank will give Maker reasonablc notice of the time and place of any public sek thereof a of ~
~ the time after which any private sale or any other ~ntended disposition thereof is to be made. The requirement of ressoneble notice shall ~
be met if such notice is mailed, posrage prepaid, ro any Maker at the address given below or a? sny other sddress shown on the rec- ~
ords of the Bank, at least five days be~ore the time of the sate or disposirion. Upon disposition of any Collateral after the occu?rence
oi any default hereunder, Maker shall be and remain I?abfe fw any deficierxy; and Bank shall account to Maker for any surplus, bu1
Bank shall have the right to apply all a any part of such surplus (or ro hdd fhe same as a reserve against) any and all other tiebilities ;
~ of each or any Maker to Bank.
No delay or omissio~ o~ the part of Bank in exercisirq any right hereunder shall operate as a waiver of such ripht or of any other <
~s right under this note. Vresentmenr, demand, protest, notice of dishonw, and extension of time /vithout norice are hereby waived by ~
e~ each and every Obliyor. The Obligors, joi~tty and severatly, promise and ayree to pay a!I costs of collection snd reasonable attorneys ~
~ fees (not less tha~ 10% of the p.incipal sum) incurred or paid by Bank in enforciny this note upon the occurrence of ~ny defavlt. ~
~ Any notice to Nlaker shall be suffeciently se?ved for all purposes if leN upon or placed in the mail, postaye prepaid, addressed to the
premises at the address shown betow a any other address shown on Benk's ?ecwds. i
Wherever this note is execured by a co-maker or endorser who is the wile of a maker or e~dwser, the said wife does hereby ex• ;
~ pressly acknowledye the within debt as her joint and individual debt. . j
~ • i
~ Each of Maker acknowledges .eceipt of s completed copy of this ~the a4~4v~date =
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Address: - - _ . _ _ _ - - - - -
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Y~ FBS 770 2,'6
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