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Home My WebLink About0270 ~!L3~7t :iE~:3~:.k1 ~:s~z~1k ; INSTALLMENT NOTE ~ • • ~ 6ANK NAME (SfCY/N~ ~fld UfItKVh1I~ ~ ~ f L~tYi1T~1~` dl ~ v'H!I':.i~:.21 I3f:~~C;~1i ~1.01'1+-j\ Dw•. ~ ~ 19 .~---L_ : ~~g•4~ ~ i IOCATION ^ ~ Noh No. Dat~d: . 19 `.r P«eedsms. : 71~0. (10 NNANCE lJ6$: dQ-..__..._.__ ~ ---------------~-SL~µ~ (6d~._ ~bnt~e - - - s t - - - CliARGE ~ after date the undersigned, he?einaiter called Maker, jointly and severally ~ocument•ry i____________________._.~__.. ' p~omise(s) for value received to pay to the order oi the Bank, at its oftice Samps as li ted above the sum ot ctotal oi payments)._..._.________ Gedit life (or Life ~ N~IE ~lQ,'S~IdD t~E IiI~~Z~_ RV~l~+J'1'Y~EYG~ At~ 40/100 b ~isability) Ins.t - - - - - _ _ ..,,,,_w. Other (ittmiss) OoUars : ~ witA inttnst thenon N the rate of 1Q•Q~ 96 per annum, sll payable in _ monrhly insr~llment: of eech on th~1y _ day of • • i each suonuive month cornmencir?q o~ 19...~~_ . ~opetMr with n?~ou~r a BAUOON PAYMENT OF s---~--- Dus X-------••--°-..... 19 71E~O.OO . FINANCEO t A fins computed at the rate of 5-05 per 51-00 0~ each instal!ment in defsutt fw ~~rately collect~d ap~ riod ln ~xass of 10 days may be charyed the Make?. No such (ine shsll exceed :5.00. Maker is required fo pay ali costs of collection, includiny a ressonsble attor- <har~es (itemim) nsy's fee if nferred fw tollaction ot leqal proteedinqs. All payments, whethe~ prin- s.. cipal, interest or otherwise, not received when dus shsll bear interest st 1096 per a-•-- % annum from due date until paid. All payments msde hereunder shall be credited ANNUAL PERCENTAGE RATE .14 fint to interest, then to lawful charfles ~hen accrved, and last to principal. If tM loan is prepa'd in full, accelerated or refinanced, the Maker shsll as of the date of such ~sve~t nceive such rofund of th! un- •arn~d portion of ths credit life insursnce prcmium and finance charye and such othe? ~edit as mey be ~equired by law a as may b~ nscessary to avoid usury, provlded thst the Holder may retsin a minimum fiaance tharqe of 525.00, whether w not othtrwiss earnsd, ~nd except In the case of a rsfinancing, no fi~ance charge or premium refund shall be msde if it smounts to leu rhan :1.00. Rete~tion of sny minim~m finance shall be in addition to service charpe if any. Any lang~aye elsewhere hersin to the contrary notwithits~din~, neither Bank nor any hoider hereof shsll receive or retain a~y charge w interest not allowsd by law. ~ A As security ior the psyment of this note Maker has pled9ed a deposited with Bank 1he followinp ~•I~3$$ P~P~M'---- ~ intern~t 3n,_.._~lirtla__Aesf.Carx3. I---r~c~orr3~c3 icl O.R. Bc~dc 2~0 P 2931... tTni.t Weeks _ . _____r - ~ ~ ~ 44 LiTIC~ ~ ~ ~.Yl CC7~iC~ • - -~---NO. ~'~Z ~ d8 C~ ~l1 ' r ! ~ , ~ - ~ - - --•-••--••--------~t~`-?~'-°------~~-~--~...'____'~~_:_ (intludi~p all cash, stotk and other divide~ds and all rigMs to subscribe fo? securities intident to, detlared ot 9ranfad in connettion with such property), whith property, togelher with ali additioris and wbstitutions hereafter pledged or deposited with 8ank is ulled ths Col- latersl. The Collsteral is also pledged as security for all other IiabiliKes to Bank, (p?imary, secondary, dirsct, contirpent, sole, joint o~ ssveral), due or to becoma dve or which may be hereafte? contracted or acquired, of each Maker (w of ~ach Maker snd any other per- son). The surrender of this note, upon payrt+ent or otherwise, shall not afiecr the ~iqht of Bank to retain the Collsteral fo? such other liabitities_ CREDIT IIFE AND CREDIT LIFE ~ DISABlIITY INSURANCE ARE VOIUNTARY AND NOT REQUIRE~ fOR CREDIT. Stxh insursnce ~ coveiage is available st the cost desipnated Ixlow for the term of the credit: (s) s.._ for Credit life In. wranoe (b) S----_-.----_--------.._..-----•-------------------__------.---,_ for Credit life 3 Disabiliy Insurance: tlxck • . Appl. ? Credit life Insurarxe is desired on the life of ~ Box ~ - Birthdate - ~ ? Credit life a Disability Insurante is desired on ~ Birthdate . : ~ Credit Life and/or ~isability Insurance is not ued. : . - - - .---~T'~~ -~~~---1976_ s~9~at~~~-~i~~~'~ ~ s~attl~. rs~~ ~ - Signatur~.--..=t~'-~ : ;Lsap:>.-='~•---------------•--------------- j3@~7 ;4`i8.°1~Si1 ~ Additions to, red~ctic~s or exchanqes of, or subsutulions fw the Collateral, payments o~ aaount of this ban or increases of ths ~ same, w otFser loans msde partiatty or whol{y upon the Collaterat, may ~rom 'time to time be made without affecting the provisions ~ of this note. Bank shall exercise reasonable care in the custody and preservation of the Collateral to the extent required by spplicable ` statute, and shall be deemed to have exercised reasonab~e care if it takes sixh action fw that purpose as AAaker shall roasonably ~equesf { in writi~y, but no omiuion to do any sct ~01 requested by Maker shsll be deemed ~a failure to exercise reasonsbk care, and no artiis- f sion to comply with aoy reqvest of Maker shalt of itself 6e deemed s fsilure to exercise reawneWe care. Benk shell not bs bound to _ ~ I~ take any steps necessary to preserve any rights in the Collateral sgainst prio~ parties and Nlaker shsll tske all necess~ry steps fw suth , purposts. Bank w its naninee need not coI1M irtterest on or principal of aoy Collateral of yive any omice wifh respect to it ~ If the Collateral shall at any time become unsatisfactory to Bank, Maker shali within one day after demand pledys and deposit with Bank ss part of the Collate?al additional property which is satisfactory to Bank. _ ~ ~ g ny of the following events, each of which shsll constitute a default here- ~ If Bsnk decros itself insecure, or upon the happe~in of a under, alt liabilities of esch Maker to Bank shal~ thereupon or thereafter, at the option of Bank, withovt notice o? demand, bewme due ~ ~ and payable: (s) the feilure of eny Olsligw (which term shall mean and include each Maker, endorser, surery, a~d yuarantw of this ~ ~ nole) to perform any aqreement hereunder, to pay interest hereon within ten days after it is due, or if there be no d~e date, sfter it ~ is billed w otherwise requested or demanded, to pay sny other liability whatsoeve? to Bsnk when due; (b) the desth of eny Obliqa; i , (c) the filing of any petition under the Bankruptcy Ad, or any similar federal or state statute, by ora~ ainst a~y Obti9w; an applica- tion fw the appointmem of a receiver fw, the making of s neraf assiynment for the benefit of veditors by, or the insolve~cy of any ~ Obliqor; (e) the entry of a judyeme~t against any Obligor; (~j the issuing of any a»achment or yarnishment, or the filing of any lien, ~ ay ainst any property of any Obtigor; (g) the taking of possession of any substantial _pan of the properry of any Obli9w at the instance of arry governmentat authority; (h) the dissolWio~, merger, consolidation, or reorganization of a~y Obliyor; ?he aui9nment by any Maker of arry equity in any of the Collateral without the written consent of fhe Bank. Each Obligor hereby waives any re~quirement of notice or demend reflecting such aaeferation insofar es such requirement 6e in additro~ to the mere exercise of any reif~edy affo?ded in this Note or the institution of su~t by the then holder. Bank shall have, btit shell not be limited to, the following riahts, each of which may be exercised at any time whether ot nof ihis note is dve: (i) to pledge or transfer this note and the Collateral and Bank shall thereupo~ be relieved of all duties snd responsibiliYies ~ hereunder and relieved from any and all liabil~ty with respect to any Collateral w pledged or transferred and any pledflee or trans- ~ feree shall fw bll pvrposes stand in the place of Bank hereunder snd have all the rights of Bank hereunder; (ii) to transfer the whok ~ or any pa~t of the Collaterel into the name of itself or its nominee; (ii~ to vote the Cotlaterai; (iv) to notify the Obligws of any Col- ~ 3 Iateral to make payment to Bank of any emoums due or to become due thereon; (v) to demand, sue for, collect, or make any tompro- mise or senlement it deems desirable with !eference to the Collateral; and (viy ?o tske control of any proceeds of Collateral. , ~ Bank is hereby given a lien upon a~d a security interest in all property of each Obligor now or at any time hereaher in the poa- ~ ~ session of Bank in any capacity whatsoever, incl~rdiny bvt not limited to any balence w share of any deposit, trust, wsge ncy account, ~ as rhe security for the payment of th~s note, and a similer lien upon and seturity interest irt all such property of es:h Maker as security ~ for the payment of all other liabilit~es of each Maker to Bank (including liabilities of each Maker ar?d any other person); and Bank shsll ~ ~ have the same rights as to such property as it has with respect to the Collateral. ~ If Bank deems itself insecure w upoq jhe occurre~ce of any default hereunde~ Bank shafl have the fweclosure and other remedies of a secured party under the Uni~rr~ Conrt~erdal Code, w other spplicable law and, without limiting the generality of the forepoirq, ~ Bank shall hsve the right, immer ate~y ane~~wlthovl further action by it, to set off against this note all money owed by Bank in sny ca- ; ' paciry to each or any Maker; a~if such set off shall occw, Bank shaLL'oe deemed to have exercised such right of set off end to have + ~ made a charqe against any such money Emmediately upon the occurrcr~e of such default even though such chsrfle is msde ar entered ~ ~ on the books of Bank subuque~t thereto. Unless the Collateral is perishable or threatens to decline speedily in value or is of a type ~ cusfomariiy sold on a recognized market, Bank will give Maker ~easonable notice of the time and place of any public ssle thereof o? of . ~ the time after whicF. arr~ private saie or any other ~ntended disposition thereof is to be made. The requirement of reasonsble notics shall ± ~ be met if such notice is mailed, postsge prepaid, to any Maker at the address given below w at eny other eddress shown on the rec- 3 ~ ords of the Bank, at least frve days beEOre the t+me of the sale or disposition. Upon disposition of any Col~ateral after the occurrence ; ~ of any default hereunder, Maker shall be and remain liable for a~y deficiency; and Bank shall account to Maker fw any surplvs, but ~ s Bank shall have tfie riyht to apply all or any part of such surpl~s (or to hold the ssme as a reserve against) any and all other lisbilities ~ of exh or any AAaker to Bank. ~ g No deisy or omission on the part of Bank in exercising any ripht here~nder shsll operste as a waiver of s~ch ryht or of sny other C~ ~ ri9ht under this note. Presentment, demand, protesr, nofice of dislwnor, and extension of time without notice are hereby waived by eech and every Obligor_ The Obtigors, jointly and severally, promise and agree to pay all costs of collection and ressonabk attorneys' ~ ~ fees (no~ less than 107e of the prirx~pal'sum) incurred or psid by Bank in eniorcing.this note upo~ the occurrence of any default. ~ Any notice to Maker shalt ba sufficiently served for aIl purpous if feh upon or placed in the msil, postsye prepaid, addressed to ths ~ premises at the sddress shown befow or eny othe~ addreu shown on Bank's records. ~ Wherever this note is executed by a co-maker or en~orser who is the wife of a maker or endwser, the ssid wife does hereby ex- i ~ pressly scknowledye the within debt as her joint and individual debt. ~ Each of Maker acknowledyes reuipt of a completed copy of thi~ on ti~abov~ dat ~ . . 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