HomeMy WebLinkAbout0231 ,~~y, ;Z ;~~.~~•t~ _ INSTAILMENT NOTE ~
HANK NAME t~V~ ~~V~~~ v (
•,il Ck~i~r~~_.rr.iz+l ~~t., :'~~v.c~z r".~t:~l Fl.~rac3a Dwi~~.,~_~l~ t9 F~ = 4.~~4.4a fi
LQCATION , ~
~ 1 loan Terms: ~ 58~J . Q0 ? ,
No1~ 1io. Dat~d: , 9 " ~ ~ '
. ~r Casd~ i
~ fINANCE _ . _.....98d . 20 ~ ~
~ixtY... ~50). _ F~Sc.antl'~is - CHAROE
_ . - °
after date the undersigned. hereinaiter called Maker, jointly and severally Documenr+rr t.--..------•-•--_-_-------_••• ;
promise(s) for value received to pay to the order oi the 8ank, at its ottice Sumps ;
as listed abovye vth~~e~ ~sum of total ot yments _ Crodit life (or Life i
. iy~.~ -
r~l..rv.~[11.~ F L~~~1Ca.+ ~y"~'~3R Z~fI~O~ b ~isability) Ins.i 9
----------_.__.~..__.w_.._.--•-------•-=--------•_•------•-----•-- •
~ Othsr (itemize) '
• - Qollars
I~.I~Q s ~ -
with inMrest thereo~ ~t tM r~tt of .76 pe~ annum, all psyable in ~
' _ -
-------~2~ ^~o^thly insta{Imaots of 3..... T.~,~7.... esch on tM ...J.1.__-- dsy of
~ _ ~
~ath suocassive month commeRtir+q on 19..-• --V-• togsthsL wiffi
7 ~ou~ SB~.Od
! BAIIOON PAYMENT OF S--•- ----31G~i1~3-._..~Dus . 19 i
FINANCED ~ S ~
A firn computed st the rat~ of s.05 per s1.09 on each instal!ment in defautt for ~~~ately cotledsd ~
• period in ezcess of 10 days may be charped the Maker. No s~?ch fine shsll exceed ~Mrpes (itemiz~)
=5.00. AAak~r 1s required to pay afl costs of collection, includinq a roasonable aNOr- j
nsy's fee if roferred for coilection a kpal proceedinqs. All payments. whether prin. s~. ~
dpal, interest or otherwise. ~ot receivsd when dus ahall bea~ iote~est at 1096 per i-..--•••- Z
ps' payments made hereunder shall be credited ANNUAL PERCENTAGE RATE X ;
a~rwm from dus dste until ~d. All IQ~~ '
fint ro interost, then ro l~wful char9es the~ scuued, ar+d last ro p++ncipal. ,
If tM Iwn is prepaid in full, aoceleroted w refinanced, the Maker shall ss of the dafe of such event receive such refund of ths un-
earned portion of the crediT life insurance premium and financs charqe and such other credit as may be required bv law or as may bs ,
neoesury to avoid usurv, provided that the Holder may .etain a mi~im~rn finance char9e of =25.00, whether or rwt otherwise earnsd, ~
a~d except in ths case of a refinancing, no finance charye o? premium ?efund shall be made if it amounts to leu than i1.00• Ret~ntion
of sm minimum finarxe shall be in addition ~o service charqa if any. Any lar~guaqe elsewhere heroin to ths contrsry notwitfistsndin4,
neither Bank rwr any holder hereof shall receive o? rctsin any charge or interest not atlowed by lew. A 0.07~g$ L~C~].YiCSE~ 9
p ~~Y~ ~ j
As rity for he paymant of is te k r ha I or dep it ith t foll wi
i.~~~'...rest . . ~~,xrt~e'~e3e"~ Soc~c~. ~"r~~`~'~n ~:`~t.`"~ook n~ ~2937: ~'.7~t :~3ss ~
'~_~'l~zsric~i~'7; iri_~~:__.Cy~; _Rp;~: _ib:'Z~Z" as ~3asi~c~hec3_.in~~-sa.iTirr~x-~.~~ge- ~
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'(intludirp all cash, stotk ~nd other dividends and afl rights to subscribe fw securities incident to, decla?ed or q~anled in connsttion with ~
sud? prope*ty). which property, :ogclher v.ith ali additions snd substitutions hareafter pledged a deposited with Ba~k is called the Col• ~
later~l_ The Collatersl is also pled~ed ss ucurity fa ell other liabilirfes to Bank, (primary, secondary, dirccr, contir?qent, sole, joi~t or
seversl), due a to become due or which msy be hereafter contracted w acquired, of each AAake. (or of each Maker and any other per- '
son)_ The surrender of this note, upon paymeM w otherwise, shaU not affect tF~e ?i9ht of Bank to retai~ the Collateral for such other ~
IiabiliYres. ~ • .
CRE04T LIF~ AIJO GREDIT IIfE b d15A811ISY INSURANCE ARE VOtUNTARY AND NOT REQUIRED'FOR CREDIT. Such insuranoe ~
cove?afle is avsilsble at the cosr designated below for the term of the credit: (a) S-- for Credit Life 1~- ~
wr~nos (b) S_..----•--------•------------------------.--------------_ for Credit life 3 Disabiliry Insursnce:
Appl p Gedit life Insurance is desircd on the life of 1
Box ~ ~
_ Birthdate -
~ Credit life d~ Disability Insurante is desi~ed on ~
B+rthdate -
[x Credit tife andlor Disability Insurance is not desir • ~ ~
~ ~>f y - .Yi ---~T--
.
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F r~'..h 3
Date: °-'_~111'1--~+--~.t~t_--- Siynaturo .----x_ ~`~Is.1t~[~.---=f'---~Y-=`-;~'=~ ~'~IL'"L.,,r'3"..~'1 E. ~
SiynaTuro __~1~__l~k= ._~,Y~'=_----•-~t= ~i ~~L~~. ~'~d~'~Q+~~t ~
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Add~tions to, reduciions or exchanges of, w substitutions for the ~ollateral, payme~ts on aacount of this loan w increeses of the. ~
same, or other toans made partially or wholly upw+ the Collateral, may from time to time be made without affectinq the•provisiau
of this note. 8ank shat{ exercise ressonable tare in the custody and prese.vation of the Collateral to the extent requi~ed by applicabb ~
ststute, a~d shall be deemed to have exerc~sed reasonabie care if it rakes s~ch action for that purpose as Make~ shatl reasonabty request
in writin~, bvt no omission ro do any act not requested by Maker shall be deerr+ed a failure to exe?cise reasonabla cam, and no omis- ~
sion to compiy with any request of AAalcer shsll of itself be deemed s fa~lure to exercise ?easonable care. Bank shall not be bound to
take any steps necessary to preserve any rights in the Collateral ageinst prio~ parties and Maker shsll takt all r?ecessary steps for such ~
; purposes. Bank w its ~?ominee need not colte~t i~terest on or prinapal of any Collateral or give arry notice with respsct to it.
! If the Collateral shall at any time become unsatisfactory to Bank, Maker shaii within one day afte? demand pledye and deposif ;
i with Bank as part of the Cotlateral sdditional proper.y which is satisfac~ory to Bank. {
i If Ba~k deems itself i~secure, or upor+ the happening of any of the following events, each of which shall cortstitute e default hsra- ~
~ under, afl liabilities of each Maker to Bank shall thereupon or thereafter, ar the option of Bank, without notice w demand, become due ;
€ and paysble: (s) the failure of any Obligor (which term shall mean a~d include esch Make~, endoner, svrery, and quarantw of lhis ~
; note) to perform any agreement hereunder, ?o psy interest hereon within ten days after it is dve, w if thera be no due dete, sfter it
~ is billed or otherwise requested or demanded, to pay sny other liability whaesoever to Bank when due; (b) ~he death of any Obli~or ~
: (c} fhs filiny of any petit+on undtr the Bankruptcy Act, o? any similar federal or state statute, by orsg ainst any Obliqo?; an applics- ;
q tion fot the appoint~~t of a receiver for, tF~e making of a +xra1 assignmeM for tfie be~fit oi uedi~ws by, or the insolvency of any ~
Obliflt.~; (e) the e~try of s j~dyemtnt against any Obligor; (~the issuing of any anachment or garnishment, or the filing of any lien, ~
~ aQ ainst any property of any Obligor; (fl) the taking of possession of any substantial part of the prop~rty of sny Oblipw at the instance ,
j of any qovernmental authoriy; (h) the dissolution, merger, conwfidation, w reorganizatio~ of any Obliyor; (i) the sssiqnment by any
~ Maker of any equity in any of the Collate?al without the written consent of rhe Bank. Esch Obligor hereby waives any req~irement of
notioe w demand reflecting such acceferation insofar as svch ?equirement be in addition to the mere exercise of any remedy affo~ded i~ :
~ this Note or the institution of svit by the then holder. ~
Bank shall hsve, but shall ~ot be limited to, the folloMring riahts, each of wfiich may be exercised at any time whetfier w not thii
~ ,note is due: (i) to pledQe or transfer this note and the Collateral and Bank shall thereupon be relieved of al! dvties and responsibilities ~
hereunder and relieved from any and all liability with respect to any Coffatera{ so plcdged w trsnsferred, and ar?y pledyee w trarn- !
~ ferea shall for all purposes stand in the plece of Bank hereunder and have all the rights of Bank hereunder; (ii) to transfer the wFwle
or a~y psrt ot the Coltateral into the name of itself or its nominee; (iii) to vote the toilateral; (iv) tc notify the Obliqors of sny Col- #
~ lateral to make paymeM to Bank of any amounts due w to become due thereon; (v) to demand, sue for, collect, w make any compro- '
~ miu or xtt{amem it deems desirabte with reference to the Cotlateral,,and (vi) to tske controt of any proceeds of Collateral. ~
? Bank is hereby given a lien upo~ and a security interest in all property of tsch Obtigor now or et aMr time hereahtr in the pos- ;
~ sessio~ of 8ank in any capacity whatsoevtr, including bvt not limited to sny balance or share of any deposit, trust, or agency xcount, ~
~ ss the security for the psyment of this rate, and a simila~ lie~ upon and secv~ity interest in a14 suthp* operty of escfi Maker as security
y for the payrr~ent of all otF.er liabilities of each Maker to Bank (including Iiabilities of eech Maker and any other person); and Bank shall i
~ have the same rights as to such property as it has with respect to the ~oHatersl. ~
= If Bank deems itself insecore or upon the occurrerxe of any defaulf hercunder Bank shall have the forecfosure and other remedies ~
~ of a secured party under the Uniform Commercial Code, or other applicable law and, without limitiru~ the generality of the fore9oing, i
_ Bank shell have the right, immediatety and withou-t f-y~ther action by it, to set off aqainst this note all money owed by Ba~k in any ca- j
' pacity to each or a~y Maker; and if such set oH sMF~ gaur,; Bbnk shall be deemed to have exercised such right of set off and to F~ave
~ made a charqe against any s~rch money immediatetr,:u{~on the acvrrence of such default eve~-thouyh s~rch char9e is made or entered i
' on the books of Bank subsequent thereto. Unless the Collaterat is perishable or- threatens to decline speedily in value or is of s type !
4 customarily sold or+ a recognized ma~ket, Baak will give Maker reasonable notice of the t+me and place of any pvblic sak thereof a of ~
ii tF?e time aher which any private sale w s~y other intended disposition thereof is to be made. The requirement of reasonable notice shsll
be me? if such notice is mailed, pos~age p~epaid, to any Meker at the address given below or at sny other address shown on the rea j
- ords of the Bank, at leas? five days before the time of the sale or disposition. Upon disposition of any Cotlatersl after The occurrence ~
of a~y defa~lt hereunder, Maker sheH be and remain liable for any deficiency; and Benk shall account to Maker fw any surplus, but '
4 8ank shall have ~he right to apply all or any part of such surplus (or to hold the same as a reserve syainsy a~y and all other liabilities ;
~ of esch or any Maker to Bank. ;
No delay or omiss~on on the part of Bank in exe?cising eny right hereunder shall operste es e waiver of such ri9ht or of eny other ~
right urtder this note. Presentment, demand, protest, notice of dishonor, and extension of time withovt notice are hereby wsived by _ ~t
each and every Obligar. The Obligcxs, jointly and seve.ally, promise and agree ro psy ell coses of col{ection and reasonabk attwneys :
~ fees (not less than 1096 of fhe principal sum) irxurred or paid by Bank in enfortinq this note upon the occurrence of eny defeult. s
~ Any notice ro Maker shall 6e sufficienHy sarved fo~ ell purpases if left upon w placed in the meif, posta9e p~epaid, addressed to the
premises at th~ eddress shown below w any orher address shown on Bank's records. -
~ Wherever this note ~s executed by s co-maker or endorser who is the wile of e msker o? endorser, the said wife does hereby ex- ~
~ pressty acknowledfle the within deW as her joint snd individosl debt. , ~ '
~ Exh of Maker acknowfedges receipt of a completed copy of this Noi~ "on ?hQ bov~date~ j,i ~ :
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