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Home My WebLink About0263 l - •'.;~.?a~:~ :ieaci~ h..~,~k INSTAIIMENT NOTE ~ BANK NAME f'; (Sscund aed UMMCUnd) ~ =:0 C~r,uu~ercial 5t. ~ Ject~a.: Baz.~~i, PL pw: 19 gl : 52~4.8Q . IOCATION _ ~ NoN No. Daf~d:~~~r~d 27 l~~e loan T~rms: 4122.00 ~ Pr«eeds = Sixty {bG) :~;antha fiNANCE i --......1132.90... - _ - CHARGE ~ ~ aiter date the unders~gned, hereinafter called Maker, jointly and severally Documeoary = ~ promise(s) fo~ value received to pay to the order oi the Bank, at its ofiice S~~mps as listed dbove the sum of (total.of y ts)_ _ ~redif life (or life f~ivo thou~and two twnctre,~ ~~ty f o uY_ And~-- d~ D sability) tns.i --r~-~ - - - ~Dollaro s em~z IUII~--______..__~__-_------------.__.______ pth r (it e) . _ ---......t~---__~_.._~_._. ~ - -I~-- - - - wi ~ginterost therson at the ~ate of _ Per e~num, all p~y~ble in e-. s ~ monthly installments of =.87 • _ _ each o~ the . _l~day of ~ sath suoceuive month commenci topether with ----l-- no on - `l~- . . 19.`.~.(L . AMOUNT 41i2.00 ~ BAUOON PAYMENT OF 5------t1r3Ci@__...._.. - - ~ 19 - FINANCEO i ' A fins computed at the rate of =.OS per 51.00 on each instal!ment in defaul~ ~or ~~~ately collacted a period in excess of 10 days may be charyed the Maker. No s~ch fine :hall exceed ~~~~~s ~;temizt) SS.00. Maker is required fo pay stl costs of collection, includir?9 a reasonsbfs attor- ney's fee if referred fw colledion w leqat proceedinys. AII payments, whether prin- ~ cip~l, irtterost or othervviss. not received when due shall bear interes? at 1096 per i-...._...--•--.._..-•----__... aonum from due dete until paid. All paymants made hereunder shall be credited ANNUAL PERCENTAGE RATE ,1,Q_ ~f. i fint to interest, then to lawful charses then sccrued, and las~ ro principal. If the loan is prepaid in ful~, attelarated or refinsnced, the Make~ shsll as oi ths date of svch event reuive such reiund of the un- ~ e~rned portion of ~he crcdit life insuronce premium and finance charge and s~ch other credit ss may be required by Isw w as may Et neceuary to avoid ~sury, provided that the Holder may retai~ s minimum finence charge of s25.00, whethar w nof otMrvriss earnd, ~ and extept in the case of a refinancin9, no finance charqe o. p?emium refund shall be msde if it amounts to leu than =1.00. R~tenfion ~ of ~~y m~nimvm finance shall be in addition to service tharge if any. Any langvage elsewhere Mrein to the contr~ry notwithsqndirq, ~ neilher Bank rw? any holder hereof shall receive or retain any cha~ge w interest not allowed by law. As aecurity fw the payment oi this note Make? hss pledged or deposited with Bank the followir~ property: ~?_~.0?69X. ~dividst~ ~ ir~t~t--in._iurt].~.-~e£.---C~nci---1,._r.sv:~si~ti..~,a~:~_~._Book_ 250,-- Pag.s__2931i.Unit_ idQeks 15 +?nd ].7 Lr.__Cniui.--~-_-~-*-- ~-~---C-~~~.~~...._.~~---s~~~cribed__in_s~is~_~ortgage.------------------------------~~.---------____ ~ (inCluding all cash, stOCk and othtr dividends and all rights to subscribe for sec~rititS f+to, Isr granted in connsction wifh ~ suth properlY). which p.operry, together wi?h all addirions and substitutions hereaft r t ytith.8a ull tbe ~ ~ ~ ~ ~jt lsteral. The Collstera{ is also edged as security fw all other IiabilitSes to Bank, (ptimary, secon~ a, d rect, cbnt m, {ai~ aeveral), due w to become due o~ which msy be hereaiter contracted or acquired, of each Maker (or of each AAaker and any other , son). The surrender of this note, upon payment w otherwise, shall not aifect the right of Bank to retain the Collateral for such otM~ ~ liabiliti~s. ' . CREDIT LIFE AN~ CREDIT IIFE 3 OISABILITY INSURANCE ARE VOIUNTARY AND NOT REQUIRED FOR CREDIT. Such iniursnce f j coverage is availeble at the cost designated below fer ~he term of the credit: (s} S fa Credif tife In- ~ sursnce (b) S-.------•---•---.------•------------ for Cre~it life ~ Disability Insursnce: Ctxck ~ Appl. Q Credit Life Insurante is desired on the life of ~ Box - - - Binhdate - ~ t ---^E] Credit Life ~ Oisabiiity Insurarxe is desired on ~ Birthdate - -------------------------------------..r-----------•--~____- ~ ~ Credit Life and/or Disability Insurance is net des' ed. - - ~ ~ - - - Date: - 1-~=-- --wsltet N. ~ae~b~------- i 6 ~ 27 / ~ S _ Sigr.ature _ ~ ; - - - 7 • • • j - Yatricit 'yeb ~ Signature --l~'t_x~"-~Sh..----.t~-----.1'~'------------------ ~ Additions to, reductions or exchanges of, or svbstitut~ons for the CoHsteral, payments on account of this loan or incre~ses of the i same, or other loans made partiafly or wholty upon the Collateral, may from time to time be made without affectinq the {xovisions ~ of this note. Bank shall exerci~e ~easonable care in the custody and preservation of the Collateral to the eztent required by spplicable y t statute, and shail be deemed to have exercised reasonab~e care if it takes s~ch action for that purpose as Make~ shall ~easonably requsst j in w~itiny, but r+o omissic~ to do any act r+ot requested by Maker sha11 be deemed a failure to exercise ressonable caro, and o0 omis- ~ sion to comply with any request of Maker shall of itself be deemed a failure to exerc~u reasonsble care. Bank shall not be bound to ; fake any steps necessary to preserve any rights in the Collateral, sgainst prior parties end Maker shall take all necesssry steps fw wd~ $ purposes. Bank w its norhi~ee ~eed not colted interest on o? punppal of any Collateral o? give any notite with respett to it. p E ~f the Coliateral shall at any time become unsatisfactory to Bank, Maker shail withi~ orte dsy after demand pkdpe and deposit j ~ with Bank as part of the Collateral edtlitional property which is satisfactory to Bank. ~ j If Bank deems itseff insecure, or upon the happening of any of the following events. each of which shall constitute a defsult here- ~ ~ unde?, all tiabilities of each AAaker to Bank shal~ thereupon or ttiereafter, at the option of Bank, without ~otice or demand, beconse due ~ ~ and paysble: (a) the fait~re of any Obligor (wh~ch term shall mean and include each Maker, endorser, surety, and gvarantor of this f note) to perform any agreement hereurKler, to psy interest hereon within ttn days afrer it is due, w if there be no due date, after it ~ is bilied w otherwise requested or demanded, to pay sny othe? liability whetsoever to Bank when due; (b) the desth of any Obl'~x ~ (c) the filinp of any petition under the Bankruptcy Ad, w any similar federal or state stawte, by w against any Obligor; (d1 an spplica- ~ tion for the appointment of a receiver for, the making of ag nerat assignment fw the benefit of ved~tors by, w the inso~vency of ar?y 3 Obligor; (e) the entry of a judgement against a~y Obligor; (fj the issuing of a~y attachmeni or garnishment, w the filir~q of anY i $ ag ainst any property of any Obligor; (g) the taking of possession of any wbstantial part of the property of any Obli~or at ths insiance ~ g of any governmental authority; (h) the dissofutio~, merger, consolidation, w reorganization of any Obligor: (i) the assi9nment by sny ~ ~ Maker af any equity in any of the Coilatersl without the written consent of the Bank_ Each Obligor hereby waives sny requirement of ~ notice w demand reflecting suth atteleratio~ insofar as suth req~iremtnt be in addition to the mere ezercise of any remedy afforded in this Note or the institution of s~it by the then holder. Ba~k shall have, but shall not be iimited to, the fotlowing riohts, each of wh~ch may be exercised at any time whether or not this ~ ~ note is due: (i) to pledye or transfer this note a~d the Co~lateral and Bank shall thereupon be relieved of all duties a~nd responsibilities ~ ' hereunder and relieved from any and all liability with respect ro any Collateral so pledged w transferred, and any pledgee w trans- feree shal! for all purposes stand i~ tne place of Bank he?eunder and have all the rights of Ba~k hereunder; (iy to frsnsfer the whole w any part of the Collateral into the name of itself w•its nominee; (iii) to vote the Collateral; (iv) to notify the Obliqors of ar?y Col- - lateral to make paymenf to Bank of any amovnts due cr to become due thereon; (v) to demartd, sue for, collett, w mske any compro- ~ mise a settlement it deems desirable with reference to the Collateral; and (vi) to take control of any proceeds of Collateral. t ~ Bank is hereby given a lien upon and a security interest in all property of each Obligor now w et any time hereafter in the pcu- ~ seuio~ of Bank in any capacity whatsoever, including but no! limiled to any balance or share of any deposit, trust, ors~e ncy aaount, ss the security for the payment of this note, and a similar lien upon and security interest in all stxhpr opeAy of each Maker as security ~ for the payment of ati other Iiabilities of exh Maker to Ba~k (including liabilities of each Msker and any other person); a~d Bank shall ~ have the same rights as to such property as it has with respect to the Coltateral. ~ If 8ank deems itseff insecvre w upon the acurrence of any defau~t hereunder Bank shall have the foreclosur'~ aod other remedies ~ of a secu?ed party under ?he Uriform Commercial Code, or other applicable law and, withovt limiting the genera)py of the foreqoing, . ° Bank shal! have the r~ght, immediarely and without further action by it, ~o set off against this rwte all money owed by Bank in aoy ca- i s pacity to each or any Maker; and if such set off shall ottur, Bank shall be deemed to have exercised s~ch right of set oH a~d to have i ~ made a charge agamst any such money immed~ately upon tFK occurrence of svch default even though soch charye is made er entered on the books of Bank subxquent !hereto. Unless e.Collateral is perishable or threstens to decline speedily in value w is of a type ~ s customarily so~d on a recognized msrket, Bsnk wil~ive Maker reasonable notice o~ the time and place of amr public ssle thereof or of the time sfter which any pr~vate sale or any other ~niended disposition theraof is to be made. The requirement of reasonable notice shall ~ be met if such notice is mailed, postsge prepaid, to any Maker at the address give~ below w st any other sddreu shown on the ret- * ~a ords of rhe Bank, at least five days beFOre the time of the sale or disposition. Upo~ disposit+on of any Collateral after the xcurrence of any default hereunder, Maker shall be and .emam ~iable fw any defiuency; and Bank shall xcount to Maker fw any surplus, but . ; ~ Bank shall have ihe right to apply all or any part of such surptus (or to hold tne same as a reserve egainst) any and all otF~er lisbilities ~ ~ of each or any Maker to Bank. No delsy or omiss~on o~ the part of Bank in exercising any right hereunder shsll operete as a waiver of such ~ipht o• of any other ~ ~ ~~ght under this note. Presentment, dema~d, protes~, notice of d~shonor, and extension of time without notice are hereby waived by ~ ~ each and every Obligor. The Obligors, ~ointly and severa!!y, promise and aqree to pay sll costs of collection and ressonable attorneys' fees (not less tha~ 10% of the principal sum) incurred or paid by Bank in enforcing this note upon the xcurrence of e~y defauh. ' Any notice to Maker shall be sufficie~ served for all purposes if left upon o+ placed in the mail, postape prepaid, eddressed to the ~ ~ premises at the addross shown belov~or arry ofher addre:s shown a+ Benk's records. Wherever this no!e is executed by b co-maker o~ endoner «ho is the wife of a maker or endorser, the said wife does hereby ex• j ~ pressly xknowledye the w~thin debt ss her joint and i~dividual debt. _ ? , Each of Maker acknowledges receipt of a completed copy of this Note on the above dete. ± i ' _ - - ~ ~ t a.~-~.. ~ Address: . 3.~ ~ titl~~' } - - - - --1-----'--~~ - -~-J (~n 1 ~ YIf'~::.~, ~i.. _isi51 ,?I~~r V. '~~~Ub . f j~. ~ . _ t~~q _t:~: ~j 1 - - - ` Fes>>o z:~e pt'( ~;rVV ~1~ ~ ~ -~-~-'tc'i3 ne'~b ~ , _ . - - . _ - ~ _ ` ` . . . _ ~ _ _ _ ~