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HomeMy WebLinkAbout0258 . • : , r ~ r - INSTALLMENT NOTE ; ~.1 ~ ~ n K:h - avs 9ANK NAME ~ (~tYI~ aed Una~c~?~d) i • ~C~ c.:~cm~rci~l ~t„ J~~,z~c:n ~~c;~, Flc'sT-'t~%~ _ ~u _ 19 ~ ~ 4~69..'_Q = IOCATIOt~I f Nob No. Dat~d: 19 ~ o+~+ Terms: 358C1. (10 ~ ~ Prxeeds = ~ S?~ctx ( 50) i~fornt!~ cw~?RGE 9~ 4. 20 _ - . - ~ aiter date the undersigned, hereinafter called Maker, jointly and severally ~ocum~~tary S promise(s) tor value received to pay to the order of the Bank, at its office Stamps as ~isted above the sum of (total oi payments)_..... C~edit life (or life a ~ Oisabi ~~..`~~?~1L~_.Y"IVF HLL~I~ SI?~'1'Y E~C7I~--~~.. ~~I~.QQ... ~ lity) Ins.i - ~ ` - r itemize) Dollan _ - ~ with Intartst thereo~ at the ~ate of _...].~+QQ 76 per an~um, sll psysbte in ' _ .~-~Q•-_-- mo~thty instatlmenn oi 3._.__. _ 7.~.`.~7.. each on the day of i• ~sI~ _ - 1 ~ad+ suocessive month commenciny on 19_..[aR.. ~oqesher wirh a BAIIOON PAYMENT OF s------- i~`~-------- - ~ue _..----X. 19 AMOUNT ~ c FINANCED i .3~~~ • ~ ~ A fi~e computed at the rate of s.05 per 31.00 on esch instatlment in default for ~~rately collxted a psriod in exceu of 10 days may be charqed the Maker. No such fine shall exceed ~harQts (itemin) s5.00. AAaker is required to pay all costs of collection, irxludirq a resso~able attor- ~9 9 PaYments. whelher nsy s fee if roferred fw collection or I al prxeedin s. All prin- s--- cip~l, interosf or othE?wise, not retaived whe~ due shall bear interest at 1096 per s anrwn? from dve dats until paid. All paymenfs made hereunder shall be credited ANNUAL PERCENTAGE RATE ],Q._.__ ~f ~ fiint to interest, then to lawful charges then accrued, end last to principal. ' ~ If th~ loan is prepaid in full, accelerated w refinanced, the Maker shall ss of the date of such event r~ceive;uch refund of the u~- ~ eamed portion of the credit life insurance premium and finance charge and such othe~ credit as may be requirod by Isw w as mey be nsauary to avoid usury, provided that the Holder may re~ain a minimum finsnce charye ot S2S.00, whether or not orherwise earnsd, i snd excepf in the cass of a~efinanciny, ?w finance charge or premium refund shall be msde if it amounts to less than :1.00. Retention of any minimum finance shall be in addition to service charge if any. Any IanfluaQe elsewhere herein to the contrary notwithsta~di~, neither Bank nw any holder hereof ahall receive or reteio any charqe w interest not allowed by law. ~ Pedged or deposited with Benk the followiny ptoperly: •--•---e----~--•-_--___~ As security fa the payment of this note Maker hss 1 A 0 ~76~~5 LIIX~VIC~ ~ _~~~~_~*_:_~_'A`u~~~.=~~--~?:---11---~~°r'~'3_i.ai O.Ro_--_-- 25(~~Fage 2931._, ~Unit j~.s _ SI ~ . :30. Ct-3 as d~srxibec~ i~ d" . 49 and J.rt__Caa~_. _C-3 . ~ t. : ~ , - _ , = . - - - R - - - - : (includinp atl tssh, stxk snd other dividends and all ~ights to subscribe for securities incident to, declared or ~ra~ted in connection with such property), whith property, together with ali additions and substitutions hereafter pledged w deposited with Bsolc is cailed the Cd- ~ lateral. The Coliateral is also pledged as security for atI other liabiliAes to Bank, (primary, secondary, di?ect, conlinqent, sole, joinf or ssveral), due a to become due w which may be hereafter co~tracted or acquired, of esch Maker (w of exh lNaker snd any other p~?- son). The surrender of thii note, upo~ payment w ofherwise, shall not aifect the right of Bank to retsin the Collattral fw such ofher " ~ liabilities. CREOIT LIFf AND CREDIT tIFE b DISABIIITY tNSURANCE ARE VOLUNTARY AND NOT REQi11RED fOR CRE~IT. Such i~s~ranoe ~ covers~e is available at the cost designa?ed bebw for the term of the credit: (a) s._ for Credit life lo- sur~rxc (b) s--_-__-------------•-_----•-----_----_------- . for Credif life 3 Disability tnsurance: ~ CF~sck Appl. p Credit Life lnsurarxe is desired on the life of 8ox ~ - - - Birthdate ~ Credit Life 3 DisabiEity Insurance is desired on ~ - Birthdate - ---------------•-------~-P- - ~ ~ Credit life and/or Oisabiliry Inswance it nof ~esj~ed- !'1 f i= ~ - ~ ~ ~ ~7U2~ L % ~ t ~ 7 fj ',t~a U/' Wte: Siqnaturo --~{.v~~.~~~~ :.G~-- - k138$~~~. ~A~fl~ j ~ Signature ~ - ~Or~IL'lE ~~~27uT ? ~'t~""~"':,'""'L----° + ~ Additions to, reductions or exchanges of, w substitu~7ons for the Cotlateral, pay s on account of this loan w incrosses of the same, or other loans made partiatly o? wholly upon thE Collateral, may from fime to time be made without affecting fhe povisions ~ of this note. Bank shall exercise reasonable care in the custody and preservation of the Collateral to the extent required by appliubb statute, and shsll be deemed to have exerused reasonable care if it takes s~ch ection for that purpose as Maker shall reasonably request ~ in writiny, but no omission to do any act not reques~ed by Maker shall be deemed a faiture to exercise reasonable care, and no omis- , sion ro comply with any request of Maker shall of itself be deemed a failvre to exercise reasonable care. Ba~k shall not be bound to ~ ' take a~y steps ne:essary to preserva any rights in the Collateral against prior parties and Maker shaH take sll necessary steps for such _ ~ ~ purposes. Bank or its nominee need not collect interest on w principal of any Collateral or give any notice with respett to +t. S i If the Collatera~ shall at any time become unsatisfauory to Bank, Maker shail within one day after demand pled~e and deposit ~ ! with Bank as part of the Collateral additie~al prc>perty which is satisfadory to Bank. ~ If Bsnk deems itself insec~re, or upon the happening of any of the follow~ng events, each of which shall constitute a defavlt hera ~ under, all liabilit~es of each Maker to Bartk shall the~eupon or thereafter, at the option of Bank, without notice or demand, become dus 1 i a~d payable: (s) the failure of any Obligor (which term shall mean and include each Maker, endorser, surety, and yuarantor of this ~ E note) to perform sny agreement hereunde., to pay irtterest hereon withEn ten days after it is due, w if there be no due date, aher it ~ r is billed or otherwise requested or demanded, to pay any other liabil;ty whatsoever to Barsk when due; (b) ths death of any Obfiyw ; ! (c) the filinq of any petition under the Bankruptcy Act, a any similar (ederal or state stat~te, by w sgainst any Obligw; an appl'~ca- ~ tion for the appointment of a receiver fw, the making of age neraf assignment fo. the benefit of creditors by, or the insolvency of a~y f Obliyor; (e) the entry of a iudc,~en'+ent against any Obl~gor; (fj the issuing of any attachment or garnishment, or the fili~g of any lien, ~ ~ ayainsf any property of any vbligw; (g) the taking of possession of any substantial pa?t of the properhr of any Oblipor at the instance ~ of any Qovernmental authority; (h) the dissolution, merger, consolidation, or reorganization of any Obligor; (7 the assiynment by any ~ ~ Maker of any equiiy in any of the Collateral without the wriften cortsent of the Bank. Eech Obligor hereby waives any requirement of notice or demand reflecting suth accekration insofar as svch requirement be in add~rion to the mere exercise of any remedy afforded in ; ~ this Note or the institution of suit by the then holder. ' ~ Bank shall have, but shall not be limited to, the following riohts, each of which may be exercised at any time whether or not tfiis ~ g no~e is due: (i) to pledye o~ trN~fer this nofe and the Collate~at and Bank shall thereupon be relieved of all duties and responsibilities i s hereynder and retieved from ahY and all liability with respect to any Collateral so pledged w transferred, and sny pledgee or trans- ~ ~ feree shali for all purpcnes stand 'en the place of Ba~k hereunder and have sll the rights of Bank hereunder; (ii) to transfer the whole o~ any part of tFx Collateral into the name of itself or its nominee; (iii) to vote the Collate?al; (iv) to notify the Obligon of aMr Col- I ~ lateral to make payment to Bank of any amounts due.w to become due thereon; (v) to demand, sue for, co11M, or make any compro- ~ ~ mix w settlement it deems desirsbk with reference to tlx Collateral; and (vi) to take control of any proceeds of Colleteral. ~ L Ba~k is hereby given a lien upon and a security interest in all property of each Obligor now or at any time hereaNer in the pos- ~ ~ seuion of Bank in any capacity whatsoever, including but not limited to any balance or share of eny deposit, trust, ors~e ncy sccount, ~ as the uturity for the psyment of this note, and a simitar lien upo+~ and security interest in all such property of each Maker as securi~ Ior the payme~t of all other liabilities of esch Maker to Bank (including liabil~ties of each Maker s~d any other pe~son); and Bank sha 1 ~ ~ have the same riyhts as to s~ch propcrty ss it has with respect to the CollateraL ~ ~ If Bank deems itulf insecu~ w upon the occurrence of any default hereureder Bank shall have the fo:eclosure sex! other remedies i : of a sec~red party under the Ur_iform Commercial Code. or other applicable law and, without limiting the generality of the forefloiny, Bank shall have the right, immediately and without further action by it, to set off aga~nst this note all money owed by Bank in any ca- ~ 4 pacity to ea~? or any Maker; and if such ut off shsll occur, Bank shall be deemed to have exercised such right of set off and to hsve ~ made a charge aga~nst any svch money immediately upon the occurrence of svch default eve~ though such charye is made os entered " on the books of Bank subsequent thereto. Unless the Coliaterol is perishable w threatens to decline speedily in value or is of s type ~ s customarily sold on a recognized market, Bank will qive Maker reasonable notice of the time and place of any public sale thereof or of - Y the time after which any private sale w any other intended dispositio~ tFfereof is to be made. The requirement of reasonable notice shslf ~ : be met if svch notice is mailed, postage prepaid, to any Maker at the address given below or at any other address shown on ihe rec- k~ wds of the Bank, at least f~ve days be?ore the time of the sale or dispos~tion. Upon disposit~on of any Collaterol after the occurrence 3 of any default hereunder, Maker shal~ be and .ema~n Gable for any defidency; and Bank shall accovm to Maker fw any surplus, but ~ Bank shall have the right to apply all or any part of such surplus (or to hold the same as a rexrve against) any and all orher lisbilities ~ $ of each or any Msker to Bank. ~ No delay or omission on the pan of Bank in exercisirtg any right herevnder shall operate as a waiver of such riyht w of any other i ' right urtder this note. Presentment, demand, protest, not~ce of dishonor, and exteniion of time witho~t notice are hereby waived by ~ ~ each and every Obligor. The Obligors, jointly and uve+ally, promise and agree to pay atl costs of collection and reasonabk atto?neys' ~ ~ fees (nor less than 10°~6 of the principal sum) inturred or paid by Bank in enforcinq this nate upon the occurrente of any default. . Any nofice ro Maker shall be suffKiently served for all purposes if leit upon or placed in the mail, postage prepaid, addressed fo the ~ ~ premises at the address shc«n betow w sny other sddress shown on Bank's reco~ds. ~ by ex- 3 Wherever this note is executed by a co-make? or endorser who is the, wife of s make~ a endorser, the said wiie does here ~ pressly ack~owfedye the wifhin debt ss her joint and individual debt. ~ Each of Maker acknowledges receipt of e compEeted copy of this,.No on the s ~ date~ s ~s ~.Z7~ ~:'I ~"2~ ~I7cZt~ ~ 1 i ' r, v Address: - - - - - - ---~-s - - j~-~'~'~---._ i , • - . .a?r~) t~~~ h • , :r ~ a R s' , ,3 ~ , Flc~r_ ~~za = . .x..~~-Uaf ~ ~ ' ~ ~ `)*'fl_.... - _~.t5:~r~.,,~_..._. ...-~x --1~-'--~'-.'.°.----------- (S~aq = ~ - - - . , p, . t ~rW ~.~i- •r~ r ~ Fy5 770 2:76 C.•_ :~•..~'3:~~ .Y.'•:•_tQ~f~ ~ 'r>'. ~ _ . . _ - 'i _ . _ _ .