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LOCATiON •
Note No. Dated: D, 19 ~ Terms:
. P~«K~s s ...3tU42IJ~-•---
FINANCE 836. 40
_ CHARGE i
-----~ixt bD.l- .lionths..--
after date the unders~gne~ hereinatier cailed Maker, jo~ntly and severally Oocumen?ary i_._.___..___._._____T..._
prom~se(sj tor value recelved to pay to the order of the Bank, at ~ts o((ice S~amps
as +~sted above the sum of (total oi payments)...._.... . Credit Life (or life
. . `~'kI~Ua~1~`~ll_. ~:I._CiH'1'._ HUNll:tE~ _ SI:VLN'i'Y GIGii~1' ~ Disability) Ins.i .
• - - -
. J 4O~I.UD._.__.._. . Dollars Ofhor (itemize)
.
_
with interest thereon at the rete of 1Q-. ~0..._96 pe? ann~m. ell paYable in
. - • Z
___.GQ....._ monthly ins~aNmenls or s_64,~ 6~ ~Mh on the J.`'..'_. day of
each successive mo~th comm~+cin_y on ` ` f
iVOil@ "-~.L~~~" ..~?`.1. 19.:..1'~ . topether witt~
e BAIIOON PAYMENT OF S.. - Due . . . 19 AMOUNT 3 042. OO
FINANCED S
A fino computed at the rate of S•OS per S1 •00 on each instal~nent in defavl~ for ~~rately toltected
a period in excess of 10 days may be charged the Maker. No such iine si~all exceed ~harpes (i?emize) s
SS.00. Maker is required to pay all costs of collection, i~clud~n9 a reasonablv attor-
ney i fee if referred for coltection w lepa~ proceedinqs. All paymems, wr,ether prin• "
cipal, intcrest or o~herwise, no1 received when duc shaH bear interes~ at 1096 t~cr i.. .
annum irom d~e date un?il paid. All payments made hereunder si,ail be creclited ANNUAI PERCENTAGE RATE ~Z Q_ y,
first to interest, lnen to lawful tharges tnen accrued, and las~ to principal.
If ~he loan is p~epaid in full, accelerated or relinanced, the Maker sha11 as of the date of auch eveM receive such refund of fhe un-
earned portion of the credi~ life insuranco prem~um and ~~nance char~e and such oti~er credi~ as may be requ~red by law or as may be
nccessary to avo~d usury, provided that the Holder may rctain a mir~mum finantc tharge of =Y5.00, whe~her a rat otherwise earned,
and oxcept in the case of a refinancing, no fin.ince tharge o~ premi~m refund slial) be made if it amo~nts to iess than s1.00. Retent~o~
of any minimum (inance st~oll bo in xkiition to tiervice cnarne ~1 any. Any lan~ua9o elsowhere herein to the con~rary notwithstanding,
ncither Bank no? e~y hotdar ~wroof shail rtteive or retain any charge or in?erest not allowed by lew.
As sccunty for Ihe payment of this note Maker has pledgcd or deposited wrth Bank tho tollowing proport~i. . Q. ~ 7Ci~~~~ 4nU l V lUL'u
~:.rest in. . 't`urtle Reef Cgnv._._l,. .ct~cor~ecs _in_.O.:t. _.l~qok__ L~0_,_._Yugc__._29s1, .linic ?~~e~k
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i~i CC1I: t.--~ anC.i UIl].~. iicc;: 1~ I.Il CQnCi~ ~.-7~ l:r)t• j~i0~• C-1 _1i1C1 C-7 ,IC`S~~cctivciy,
(irrclu<ling a!i c~~sh,~s+ock and on:er d~vidends and ill n~~hls to eubscntx for zecuri~iec incideM to, dedared o~ pranted in conneclion wnh ~S
such proPCrty), which property, togeet~er w~~h ali add~tions and subsritut~ons i~ercafrer pledged w deposited with Bank is cailed the Coi-
IateraL Tne Cotiateral is a{so pledged as security for a1E otner Iia6~Gt~es to Bank, (primary, secondary, direct, continge~t, sole, ;oint or~jg~Ci l~@C
severa!), due or to become due or which may be hereafter contracted or acqu:red, of eath Maker (or of each Maker and any other per-lll Sd1L7
son). The surrender of this note, upon payment or otherwise, s~all nor affect tne r~ght of Bank to retain the Collateral for such other
liabilifies. It10Y'tg3C~~.~
CREDIT IIFE AP~D CREDIT LiFE 8~ DISABIIITY INSURANCE ARE VOLUNTARY AND NOT REQUIRE~ FOR CREDIT. Suci? insuranca
covera9e is availebte at tha cost desig~atad below for tne term of tne credit: (a) S _ for Credit tifa In- '
surance (b) S....._. for Cred~~ Ufe d. D~sab~Gty Insuronce:
Check :
AppL ? Credit life ins~rarxe is des~red on tne tife of ~
Box
- B(rthdare ~
Crtsd~t life d. Disability Insuronce is desired on
- 6~rtF.date
p Cred~t l~(e and/or Disab~liry Insuronce is not des' od. -
Date: ....~1..---~~.-_.~j---- Signature~i..--~--J~~'`L~=''~~v~ ~
~ oari~ara V. Jtlll l
Sfgnaturc'1(.___... . ~ ~r ~ _ Neci i2. StUll
~lC<<~ . {<<.,~
Addit~ons to, ~educf~o~s or exchanges of, or substitut~ons for the Collateral, payments on attount of this loan or increases of the
same, or otner ~oans made partia~ly or wholly upon tne Collaterat, ma/ From time to t~me be made wi?hout affecting the prov~sions
of tnis note- Bank sha!1 exercise reasonable cere ~n the custody and preservation of the Co~larerel to the extent reqvired by appficaote
statute, and sna~I be deemed to have exercised reasonab;e care ~f it takes sucn action for that purpose as Maker shall reasonably request
in writinq, but no omission to do any act not requested by Maker shall be deemed a failure to exercise reasonable care, and no omis-
sion to cwnpfy with any request of Maker sha11 of itself be deemed a faiiure to exercise reasonable care. 8ank shafl not be bound to
I~ fake any iteps necessary to preserve any rignts ~n the Calatera! against prior parties and Maker shall take all necessary steps fw such
I purposes. Bank or its nominee need not collect interest on or principal of any Co~~areral or give any notice with respect to it.
~ If the Coilateral shall at any time become unsat~sfacto~y to Bank. Maker shail within one day after demand pledye and deposit
! wit~ Bank as part of the Collateral addit~onal property wnEch ~s satisfacrory to Bank.
G if Bank deems ~tself insecure, or upon tne nappen~r.g of any of tne foliow~ng events, each o( which shall constitute a default here-
I~ under, ali liabilities of each Maker to Bank shatl shereupon or tnereafcer, at the option of dank, without notice or demand, become due
~ and payabte: (a) the failu:e of any Obfigor (vvhich term shafl mean and include each Maker, endorser, surety, and guarantor of this
~ note) io perform any agreement F:ereunder, to pay interest hereor. within ten days after it is due, or if there be no due date, after it
~s bilted o~ otherwise requested w demanded, to pay any other {~ab~l~ty whatscever to Bank when due: (b) the death of any Obligor;
~ (c) tne filing of any petition under the Bankruptcy Act, or any simiiar federa! or state statute, by or against any Obligor; (d) an applica-
~ tion for the ap~winsment of a receiver for, the makiru~ of d qCnCrtl as:i~~nment for the brnefit of creditors by, or the insolve~cy of any
g Obi~gor, (c) ti~e cntry of a juJqcrnen? aryam;t any Gbl~gor; (f) ti~e issu~ng of any at~act~ment or garn~shmeni, or ti~Q filirx,~ of eny 1icn,
~ aga~n5t any properly of an~ Obligor; (g) the taking of possess~on of any subs~antial part of the property of any ObLgor at the ~nstancc
~ of any governmental authoriry; (h) the dissolution, merger, consolidation, or .eorganization of any Obligor; (i) the assignment by a~y
Maker of any equity i~ any of the Coliaterol w~thout the written consent of tne Benk_ Each Obligor hereby waives eny requirement of
notice or demand reflect;ng s~ch axeteration insofa~ as such requirement be in addition ~o the mere exercise of any remedy afforded in
this Note or fhe institution of suit by the tnen holder.
Bank shall have, but srsall ~ot be limited to, ~he follow~ng ri~hts, each of vihi:h may be exercised at any time wheth.er or no} this
,notc is due~ (i) to pledgc or transfcr'Ihis note and the Cotlatcral ano Bank shall thereupon be relieved of all duties and respons~bilities
r~ercuncler and relievc-d from any and all Gability with rest~ect to any Coliarera{ so pledged or transferred, and any pledgce or ~rans-
k fcree shall for al! purposes stand in tne piece of Bank nereundcr and have afl tnc rights of Bank hereunder; (ii) to trans(er the whole
~ or anv part of the Col~aterai into the name of ~tseif w its nom~nee; (+ii) to vote tne Collateral; (iv) to notify the Obiigors of eny Col-
6 iaterai ro maKe payment to Bank of any amounts due or to become due thereo~; (v) to demand, sue for, colled, or make any compro-
~ mise or settlement it deems desirable with reference io the Col{ateral; and (vi) to take control of any proceeds of Coitateral.
~ Bank is hereby given a lien upon and a security ~nterest in all property of each Obligor now or at any time hereafter in the pos-
~ session of Bank in any capacity whatsoever, includin9 but not timited to a~y ba~ance or share of any deposit, trust, or agency account,
~ az the security for the payment of tnis note, and a simiiar lien upon and security interest in all such property of each Maker as security
~ for the payment of ali atner fiabi~~ties of each Maker to 6ank (includ~ng Iiab:I~ties of eacn Maker and arry other person); and Bank shall
~ have rhe same r~ghts as to such property as it has with respect to rhe Coiiateral. _
~ If Bank c~eems ~tself ~nsecure or upon the occurrence of any default ~ereunder Bank shall have the foreclosure and other remedies
of a secured party ~nder the Uniform Commercial Code, or other applicable ~aw and, without limit~ng the 9enerafity of the forego~ng,
' 8ank s~~ai+ nave ti~e rignr, ~mmediately and w:ti,out further atlion by it, to set ofi against thn note al1 money owed by Bank in any ca-
- patrty to eacn or any Maker; and if such set off shall occ~r, Bank shall be deemed to have exercised such right of set off and to have
~ made a charge against any such money immediatefy upon the occurrence of such defa~lt even though such charge is made or entered
on ihe books of Bank subsequent thereto. Unless tne Collaterai is perishab~e or threatens to decline speedily in value o~ is of a type
~ custorr,an:y so~d o~ a recognized market, Bank will g~ve Maker reasonable notice of ti~e time and p(ace of any public sale thereof or of
; tne t~me after wnich any private sale or any other intended dsspos~tion tnereof is to be made. The requirement of reasonable notice shall
be met ~f sucn not~ce ~s mei;ed, postage prepaid, to any Maker at the address g~ven betow or at any otner address shown on the rec-
t e.ds of ~he Bank, at teast (ive days before the ~ime of tne sale or dispos~t~on. Upon d~sposition of any Collateral after the occu+rence
~ of any defau~t hereunder, Maker shait be and rema~n liab!e for any deficiency; and Bank shall account to Maker for any svrplus, but
dank sna~l have the nght to app~y all or any part of such surptus (or to nold the same as a reserve against) any and alI or~er liabit~ties
~ of eacn or any Maker ro Bank. "
' No delay or omission on the part of Bank in exercis~ng any right hereunder shall operate as a waiver of such right or of any other
~ rignt ur,der th~s no!e. PreseNment, demar.d, protest, notice of disnonor, end extension of time without notice are hereby waived by
~ each and every ObUgor. The Obligo~s, iointly and severaiiy, prom~se and agree to pay all costs cf coliectio~ and reawnable atromeys •
t~ fees (not less tnan 10% of the principal sum) ~n~vrred o~ paid by Bank in enforcing this note upon the xcurrence of any defauit. '
Ary notice to Maker sh~ll be s~~ficie~tly served for e~i purposes if Ieft upon or piaced in the mail, postaye prepaid, addressed to the
~ premi~.c; at tho address stwwn beiow or eny o~her adciress sirown on D.~nk's rocords. T
~ Y~hnrevor ~his noio is o~ncuted by • co-mnY.nr o~ ~ndor•.rr who ~s tf~e wifo o( e mnker or ando~~or, the •aid wifs doaf iwroby ox-
~ pres:!y ecknowJvduu tho wiihin dobt es hor joint enJ ~ndrviduel dcbt.
~ Ench of Mni.,r M~~r~Iilptl~nS ruc~ipt of e co~n~~iu~od co~r~ uf riu~ Noto)on ~~o ei~ovo i~a1o. /
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