The URL can be used to link to this page

Home My WebLink About0250 Ji:i~:i~:~+ IIi:n~:tl f3ANK INSTAILMENT NOTE OANK NAME (S~cund and Uns~cund) i:.i; ~~!c:twl:.L STitccT~ Jtl~~icld B~A~.'tl~ rl.h. Due: ..''r•r:.'. ~'G~ _ 19 _7i: : lG~~?'-.QO LOCATION NoN No. D~t~d: ^ I': ``4 • 19 _ 76 loan Terms: Proceeds Z _ ...'--1`~-1`~'~~n°- ~ FINANCE ~ ~ + Si.x_cy_ (6J1. J•.or?ths . CHARGE _ - - ..L..z.s~4Q. . . - . _ . aiter date the undersigned, hereinafter called Maker, jointly and severatly pocvmenrary i promise(s) tor value rece~ved to pay to the 6rder oi the Bank, at ~ts o(fice Sfamps as listed above the sum of (total f p~yme ts) Credif life (or life T~n ~~.,u~anc~ seven ~uncPred t~~rty-nine an~s ~/It70- - d~ pisability) Ins.i - _ - - - - - - - . - - pollars ~he~ (itemize) - - - - - - - - - - - - s - ' . , _ - with interost tharean a1 the rate of 96 per annum, _ all payable in ----~''-t4~, monthly ~nslallments o( s _ ~ _ _ ' j 7.,_' . each on the~, _LU.~. day of each suaessive month commencing on ~Y _~Ll. 19 . together wi~h j ~ a BAILOON PAYMENT OF S_. _ [t0~1~- Uva . . - - - _ , 19 AMOUNT FINANCE~ t .__._8~424.00- A fine computed et the rate of =.OS per 51-00 on each ~nstal~ment in default for ~~rotely coltecled a period in excess of 10 days may be charged the Maker. No s~h fine shall exceed ~harges (itemize) 55.00. Maker is required to pay all costs of collectio~, includiny a.easo~able attor- _ ney's iee if roferred for collection or legal proceedings. All payments, whether prin- " cipal, interest or otherwise, not received when due shall bear inte.est at 10°ro per i- annum from due date until paid. All payments made hereunder shall be c~ed+ted ANNUAL PERCENTAGE RATE j(~----- 96 first to interest, then to lawful charges the~ accrued, and iast to principal. If the loa~ is prepaid in full, accelerated or refinanced, the Maker shatt as of the date of s~ch event receive s~ch refund of the un- earned portion of the trtdif I~fe insvrance p?em~um and fi~ance charge and such o~her cred~t as msy be required by law w as may ba necessary to avoid usury, provided that the Holder may re?ain a minimum finance charge oi s25.00, whether w nol otherwise esrned, and except in the case of e refinancing, no finance charge o. p~emium ~efund shall be made if it amounts to less than :1.00. Retention of any minimum finan[e shall be in addition to service charge if any. Any lan9ua9e elsewhere herein to the contrary notwithstendinfl, neither Bank nw any holder hereof shall receive or retain any charge or interest not allowed by lew. As src~rity for the payment of this note Maker has pledged or deposired wirh Bank the following properry: ~y .Q.163£~6_..uadivfde~ i:;~_~r~:~y__.~:t.....:_~~ ~:s:. tt~:Bi ._l'..~[1U:~eilaDl.U:,,~---~s.._~eG~-~'d~d---i~ -`'-'---~.---~~~k 250 Pa e 2931. ..Unit t+eeks 4------------------ 3~. _u_~;;_,_:,,~;,~._.;~-;;,~,. ~:~xt „s~e?;.s _"J_~ ~?~t,. i+L-u...as_described in said mort a e. - - ~ -9 (including all cash, stock a~d other dividends and all rights to subscribe for securifies incident to, declared or granted in connection wifh such property), which property, together with ali additions and subsr~!urions hereafter pledged or depos~ted with Bank is called the Col- lateral. The Co~lateral is a~so ptedged as secunty fer all othe+ liabil~ties to Bank, (primary, secondary, di?ect, contingent, sole, jainf or several), due or to become due or which may be hereafter contracted or a_quired, of each Make? (or of each Maker and any other per- son). The su~render of this note, upon payment or otherw~se, shall not affect the righ~ of Bank ~o ~etain the Collateral for svch other tiabilities. CREDIT LIFE AND CREDIT LIFE ~ OISABILITY INSURANCE ARE VOIUNTARY AND NOT REQUIRED FOR CREDIT. Such insurance coverage is available at the cost des~gnated below for the te?m of tne credit: (a) S . for Credit Life In- surance (b) i for Cred~t ife 3 D~saoiliry Insurance: Check T~tl/7"fQ . ~a s~1?~°3 Appl. I°rCredit life Insurance is desired on the life of __f_ Box - - - - - - _ - - _ _ . Birthdate _ ~ - ~-Q ~ _ - - - ~red~t life ~ Disabl~ity tnsurance ~s des~red on _ U .CCS. _ 1 . (~~4 ~_.~°S . _ - - - - - _ _ _ _ . - - - . Birthdate ~ ~ 6 ~ Credit life and/or Disability Inwrance is not de_ ye . - - _ . _ - , _ . Janes Datr. r~~;~ t _ Signature _ - - - ThC~t'~d5 N. Signature i;--. _ - - - - - t•~ary Louise James Additions to, reductions o~ exchanges of, or substitutions fo t Collateral, ments on attount of this loan o? increases of fhe same, or other loans made partiafly or wholly upon the Collateral, may from time to time be made without affecfing the provisions of this note. Bank shall exeruse reasonable care in the custody and preservation of the Collarera~ to the extent required by applicable statute, and shall be deemed to have exerc~sed ~easonab~e care if it takes such action for that purpose as Maker shall reasonably request in writing, but no omission to do any act not req~ested by Maker shall be deemed a failure to ezerciu reasonable care, and no omis- - sio~ to comply with any request of Maker shall of itself be deeneed a failure to exercise reasonable care. Bank shall not be bound to take any steps necessary to preserve any r~ghts ~n rhe Collateral aga~nst prior part~es and Maker shall take all necessary steps for s~ch purposes. Bank or its nominee neeci not cotlect interest on or principa! of any Collateral or give any notice with respect to it. If the Collateral sha~l at any time beco:*~e unsat~sfactory to Bank, Maker shail within one day after demand pledge a~d deposit with @ank as part of the Coltaterat add~t~onal property which is satisfactory to Bank. If Bank deems itself ~nsecure, or upon the happening of any of the following events, each oF which shall co~stitute a defavlt here- under, all liabilities of each Maker to Bank shatl thereupon or thereafter, at the option of Bank, without notice or demand, become due ~ and payable: (a) the failure of any Obtigor (which term shall mean and include each Maker, endorser, surety, and guarantor of this E note) to perform any agreement hereunder, to pay interest hereon within ten days after it is due, or if there be no due date, after it I is bilted or otherw~se requested or demanded, to pay any other i~ab~fity whatscever to Bank when due; (b) the death of any Obligor; ~ (c) the filing of any petition under tne Bankruptcy Act, or any similar fede.al or srate statute, by or against any Obligor; an applica- tion for the appointment of a receiver for, the making cf a genera+ ass~gnment fos the benefit of creditors by, or the insolvency of any ~ Obligor; (e) the entry of a iudgement agairst any Obligo~: (f) tne issuing of any attachment or garnishment, or the filing of any lien, { against any property of any Obfigor: (g) the taking of possession of any substantiat part of the property of a~y Obligor at the instance ~ of any governmental authority; (h) the dissotutio~, merger, conso!idat~on, or reorganization of any Obligor; (i) the assignment by any ~ Maker of any equity in any of the Collateral without the written consent of ihe Bank. Each Obligor hereby waives any requirement of ~ notice or demand refleding such acce!erat;on insofar as su;h requiremenr be in addit~on to the mere exercise of any remedy afforded in this Note or the inssifution of svit by the then holder. ~ Bank shall have, but shall not be limited to, the following riahts, each of which may be exercised at any ?ime wheiher or not this note is due: (i) to pledge or transfer this note and the Collateral and Bank shall thereupo~ be relieved of all duties and responsibilities hereunder and relieved from any and a!I liabitity with respect to any Collaterai so pledged o? transferred, a~d any pledqee or trans- ~ feree shall for all purposes sta~d in the place of Bank hereunder and have a~l the rights of Bank hereunder; (ii) to fransfer the whole ? or any part of the Collateral i~to the name of itself or its nominee; (iii) to vote the ~ollateral; (iv) to notify the Obligors of any Col- ; lateral to make payment to Bank of any amounts due or to become due thereon; (v) to demand, sue for, collect, or make any compro- ~ mise or settlement it deems desirable with reference to the Collateral; and (vi) to teke control of any proceeds of Collateral. Bank is hereby given a lien vpon and a security interest in all property of exh Obligor now or at any time hereafter in the pos- session of Bank in any cepacity whatsoever, i~cluding but not limited to any balance or share of any deposit, trust, or agency xcount, s as the security fo. the payment of this note, and a similar lien upon and xcurity interest in all such property of each lNaker as securily ~ for the payme~t of all other liabilities of each Maker to Bank (including tiabilities of each Maker and any other person); and Bartk shall ? have the same rights as to s~ch property as it has with respecf to the Collateral. 4 If Bank deems itsetf insecure or upor. ihe occurrence of a~y defa~lt hereunder Bank shall have the foreclosure and other remedies of a secured party under'the Unifo~m Commercial Code, or other applicable law and, without limiting the generality of the foregoing, - Bank shall have the right, immediately and witho~t further action by it, to set off against this note all money owed by Bank in any ca- i pacity to each or any Maker, and if such set off shall occur, Bank shall be rleemed to have exercised such right of set off and to have made a charge agai~st any such money immediarely upon the «currence of svch defavlt even though such charge is made or entered ? on the books of Bank subsequent thereto_ Unless the Collateral is perishabfe or threatens to decline speedily in value or is of a fype a customarily sold on a recogr.ized -market, Bank will g~ve Maker reasonable ~o~ice of the time and place of any public sak thereof or of ; the time after which any private sale or any bther intended disposition thereof is to be made. The requirement of reasonable notice shall ' be met if such notice is mailed, postage prepaid, to any Maker at the address given betow or at any o?her address shown on the rec- f ords of the Bank, at leasr iive days besore the time of the sale or disposition. Upon disposit~on of any Collateral after the occurrence ~ of any defau~f hereunder, Maker. shalt be and remain tiable for any deficiency; and Bank shall account to Maker for any surplus, but Bank shall have the right to apply all o~ any parr of such surplus (or to hold the same as a reserve against) any and alf other liabilities ~ of each or any Maker to Bank. No delay or omiss~ort on the part of Bank in exercising any right hereunder shall operate as a waiver of such right or of any other = right under this note. Prese~~menr, demand, protes!, notice of dishonor, and extensio~ of time without notice are Fx?eby waived by 3 each and ever Obii or. The Obli ors, oiml and severall rom;se and a ree to y g g j y y, p g pay all costs of collection and reasonable attorneys lees (not less ~han 10% of the principal sum) inturred or paid by Bank in enforcing this note upon the occurrence of any default. Any not~ce to Maker shatl be suffic~ently served tor ali purposes if left upon or placed in the mail, postage prepaid, addressed to the premises at the address shown below or any other address shown on Bank's rccords. Wherever this note is executed by a co-maker or endorser who is the wife of a msker or endorser, the said wife dces here by ex- ~ pressly acknowledge the w~thin debt as her ~o~nt and ]nd~vidual debt. ° Each of Maker acknowledges receipt of a completed copy of this/I~Te the above d . ~ ^ ~ ? u 7 x Address: uC1Y .:~li:^.~1:.[LQ~~TS~_" ~~f - _ - (Sesq - -~J - ' ^ i tlU~l/~~Ft . 3~'i2 . ~ E ~ PAGE ~ -tvbf si~---~ai~ Beac~i,- - Fl a. x~: - tss,n ~ _ - - - T~ tdar~r L~u e Ja~:~es . . ' . i ~_:.t-t -s, r. _ , . . . . . . . . . , , , t