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HomeMy WebLinkAbout0300 ~ ~ ~ ~ > ~ INSTAttMENT NOTE ~.'t. : t ~ . ,C:l l P~t BANK fVAME (~ftYf~ ~Ild UIli~yfN~ ~li) C':z,~F~rcic-~1 St.. J~s~.~:~ ~ac:%~. Flas-i~a Dw: ~a.~.~1~ 1v~i~ t ~~1?.~'Q LOCATION Net~ No. Dat~d: ' _ 19 7~t loa~ Tams: Proceeds ~ ..~s.~~~:u~...__.. NNANGE _ _ 591.84 ----------~~`cLy..._~CA~ .I"~~i~_ CNARGE after date the undersigned, herei~aiter called Make~, jointly and severally pocurt~ntary i promise(s) for value ~ece~ved to pay to the order ot the Bank, at its otfice SamPs as 1lsted above the sum of (total of payments)_..__....___ Credit lifa (or life `1~X1 ~IitYi~;A,i~] .FII'!':..~._TI~4T~'~E..Ai.$1•-80~1.~}~ d~ Disability) I~s.i Ooltsrs ~hsr (itemize) - ~ ...-~--•--•----...M.--- with intersst thereon at tM ~ate of _~Qa~._. _._96 psr annum, all y~ble in ~ _ ___..-.t1Q---- monthly installments of s...!~1.$B_..._.. each on ths day of ~ ~ ~ . . 19_ .toqether with eeth svaessivs mooth commentinq on ~1 ~?~a s.-°------------- a BALIOON PAYMENT OF S_._.._ ~la-----••------• ~ue . 19 ~F~iNANCEO s..._1 971.40_._._. /1 fins computed at the rale of s.05 per 51.00 on each instel~ment in defe~tt fw ~~ratefy cotleded • psriod in axceu of 10 days may be char9ed the Maker. No s~ch fine shsll exceed ~hsrqss (itemize) s5.00. Maker is rcquired fo pay all costs of collection, includinq a reasonable s»or• ' ~ nty's fee if roferred for collectioe or teqat proceedings. AII payments. whether prin- cipal, interest or otherwise, nw reeeived when due shsll bear interost st 10°f's per i---.....-•--• . ' ennwn from d~e date unti~ p~id. All p~yments made herevoder shall be credited ANNUAt PERCENTAGE RATE x first to interest, the~ to (awful charqes then accrued, and last to principal. - If the los~ is prepaid in full, aaeleroted w refinanced, the Maker shall as of the date of such evtnt r~cei~ro suth refund of tM un~ ta~ned portion of the credit life insurance ~remium and finance charqe and such other credit ss may be required by law w as may be neosssary to avoid usury, provided that the Holder may retain a mi~,mum finance charye of i25.00, whether or not otherwiss sarrnd, . and except in the case of a refinenciny, no finance charqe or premium refund shsll be msde if it amou~ts 10 leu than =1.00. Ret~ntion of arry mioimum finance shall be in additia+ to service charge if any. Any langua9e etsewhere herei~ to the contrsry notwithsfaedinq, neither Bank nor any holder hereof shall receive w retain any charge a interest not allowed by Isw. As security fw the payment of this note Msker has pledged or deposited with Bank the followinq properfy:A._~ _.a3~~ tII~.~V'~C~~ _ i ni-.~r~~~t- _i.D._._._~te_1~e,f_~[7d. --~..?-----_~~__~~?.~~?~_~.__ZSU1--~ 2931.-.. . _ik~3.t W~k ._~~~2_~d.._ ~:.~.$a.- ~t~--~-•--~=~1$--~'--~~~~- . " (includinp etl tssh, stxk snd Wher dividends and all rights to subu~ibe for secu~iiies inti e~ to, declar p tl~' edo? ranted i~'connntt~on wi • suth property), which property, togNher with alI additions and substitutions hereafter pledged or deposited with Bank is called the Co~ lateral. The Collateral is also pledged as security for all othe? liabilities ~to 8anlc, (primary, secondsry, direct, contin9ent, sole, joint or seversl), due or to becartx due w which may be hereafter contraded w acquired, of esch Maker (or of each Maker and sny othar psr- son). Ths surrender of this note, upon payment w otherwise, shall not affed the right of Bank to retain the Collateral iw s~ch other liabilities. " CREDIT IIFE AND CREOIT LIfE 3 DISABILITY INSURANCE ARE VOLUNTARY ANQ NOT REQUIRED FOR CRE~IT. S~cF+ insursnos covaraye is available at the cost desiynated below for the term of the credit: (a) for Credit tife In- surance (b) f . for Credir life d Cisabiliry Inwrance_ - - Chsclc ~ Appl. Q Credit life Insurance is desired on the life of Box - - Birthdate . p Credit life d. Disability Insurance is desired on - " - Birthdate - - --a--°---- Credit tife snd/or Disabiliry Insurante is not desirtd. tr` r ~ . ~ n ; _ `~L~ ; ~„/~t-G~----•-- ~.7.1~ .7• Date: -`f' Siqnsture -3~'`a~~ - - • J Signature ~ _/t_.----- f ~ ~r__ ~YyG~' ; ~ ~ Additions to, reductions a exchanges of, w subslitutions fw the Collateral, peyments on accoueit of this loan w increases of the same, or other loans made partially ot wholly upo~ the Collateral, may from time to time be made without affMinq the provisions of this note. Bsnk shall exercise reasonable care in the custody and preservation of the Collateral to the extent req~~ired by applicable statute, and shall be deemed to have exerused reasonable care +f it takes such action for that purpose as Maker shall reaso~ably request ' in writinq, but no omission to do any ad not requested by AAaker shall be deemed a faitu~e to exercise reasonable care, and no omir I~ sion to comply with any reqvest of Maker shall of itself be deemed a failu.e to exercise reasooeble care. Bank shall not be bound to ' take any steps neceuary to preserve any rights in the Collateral against prior parties and Meke~ ~hall take all necesssry steps fa such j purposes. Bank w its nominee need not co11M intlrest on or prirxipal of any Collateral or give any notice with respett to it. ; If the Collateral shall at any time become unsatisfactory to Bank, Meker shall within one day after demand pledpe and deposit ° with Bank as part of the Col~ateral additicnal property which is sat~sfactory to BaRk. ~ If Bank deems itself insecure, or upo~ the happening of any of the following events, tach of which shsll constitute a defsutt Mre- i unckr, alI liabilities of each Maker ro Bank shall thereupon or thereafter, at the option of Bank, without notice or demand, become due - i snd paysble: (e) the faiture of any Obligor (which term shall mean and include each Nlaker, ertdase?, surety, and guarantw of this E note) to perform any agreement hereundcr, to pay interest hereon within ten days after it is due, w if therc be ra due date, after it f is billed or otherwise reques~ed w demanded, to pay any other liability w~atsoever to Bank when due; (b) the death of sny Obliyor; ~ (c) the filinp of any petition under ihe Bankruptcy Ad, or any similar federol or state statute, by orag ainst ar?y Obliyor; an applica- tion for the appointment of a receive? for, the maki.:3 of a generol assignment fw the benefit of aeditws by, or the insolve~cy of any Obligw; (e) the entry of a j~qe ment against any Obligor; (fl the issu~ng of any attachmenr w garnishment, w the filiny of any lien, $ against any p~ope?ty of any Obligor; (g) the taking of possession of any substantisl part of the property of any Obligcx at ths instance . ~ of any qovernmentet authority; (h) the dissolution, merger, conwlidation, or reorganization of uiy Obliyor; (i) the assignment by any # Maker of any equiy in any of the Colfateral without the written consent of the Bank. fach Obligor hereby waives any requirement of t ~ notice or demand reflecting svch acceleration insofar as s~rch requiremenr be in additio~ to the mere exercise of any remedy affudsd in ~ this Note or the instit~tion of s~it by the then holder. i ~ Bank shall have, bvt shall not be limited to, t~e following riahts, each of whith may be exercised st any time whetFier or not this t ~ note is due: (i) to pledge w transfer this note and ~he Collaterat and Bank shall thereupon be relieved of afl duties s??d responsibilities ' ~ ~ hereunder and relieved from any and all liability with respect to a~y Collsteral so pfedged or tronsferred, and amr pkdgee or tra~s- ? feree shsll for all purposes stand ~n the place of Ba~k hereunder and have all the rights of Bank hcreunder; (i~ to tra~sfer the whole i w any part of the Collsteral into the name of itself ar its naninee; (ii7 to vote the Collateral; (iv) to nofify fhe Obligws of ar?y Col- i ~ latersl to make payment to Bank of a~y amounts due or to become due thereon; (vj to demand, sue for, colled, a mske arry compro- ( mise or settlement i? deems desirable with ?efererxe to the Collateral; and (vi) to take control of any p?oceeds of ~ollateral. ~ Ba~k is hereby given a lien upon end a ucurity interest in all property of exh Obligor now w a1 any time hcreafter in the pos- ~ session of Bank in sny capacity whatsoever, including but not limited to any balance a share of any deposit, trvst, w as,yency ~aount, ~ as the security for the payment of this note, and a similar IiM upon and seturity interest in all suthpr operty of esch Msker as seCUrity ] for the payment of all other liabilities of each Maker to 8ank (including liabilities of each AAaker and any other person); end Bank sha11 S ~a have the same rights as to such property as it has with respect to the Collateral. ~ ~ If Bank deems itseff insecure or upon the «currence of any default here~nder Bank shall have the foreclosure and other ?emedies { ~ of a secured party under the Uniform Canlnsrcial Code, or other appiicable law ar.d, without limiting the qenerality of the fweqoinq, j ' Bank shalt have the right, immediately arR~<~vislifoui further actio~ by it, to set off against this note all money owed by Bank in any Ca- pacity to each w any M~ker; and if such sef=aif~.sliall occur, Bank shall be deemed to have exercised such right of set off ared to have - made a charge aga~nst any s~ch money immediately upon the occurrence of such defa~lt even thou9h such charge is msde w entered ~ on the books of Bank subsequent thereto. Unless the Collateral is perishable or threatens to decline speedily in value w is of a type ~ ~ customa.ily sold o~ a recognized market, Bank witl give AAaker reasonable notice of the time and p~ace of any public sak thereof w of ~ ~ the time efter which any private sale or any other inter.ded disposition thereof is to be made. The requirement of reasonsble notice shall ~ 3 be met if such notice is mailed, posrage prepaid, to any Maker at the address given below w at sny other sddress shown on Ihe ret- ! ` ords of the Bank, at least f~ve days before the t~me of the sale or d~sposition. Upon disposition of any Collaterat aher the oaurrence ~ of sny default hereunder, Maker shall be and rema~n ~iab~e fw any deficiency; a~d Bank shell account to Maker fw any surplus, but ~ Bank shall heve the right to apply all w any part of svch surplus (or to hold the same as a reserve ayainst) any snd all other liabilities t ~ of each or any Maker to Bank. i No de~ay o? omission on the pan of Bank in exercising any riqht hereunder shall operote as s waiver of such riyht or of sny other ~ right under rh~s note. Presentment, demand, protest, notice of dishonor, and exte~sion of time without notice are hereby waived by ~ ti exh and every Obligor. The Obligors, jointly and severally, promise and agree to pay all costs of collection snd reasonable attwoeys' ; _ fees (not less than 10% of the p.incipal sum) inc~rred ot paid by Bank in ertforcing this ncte upo~ the octurrente of any defsult. : Any notice ro Maker shsl! be sufficiently served for all purposes if teh upon w placed in the mail, postafle prepaid, sddressed to the { ~ premises at the sddress shown below or any other address shown on Bank's records. ; Wherever this note ~s executed by e co~maker or endorse. who is the wife of a maker w endorser, the said wifa does hereby ex• ; '~~s p~essly scknowledpe the within debt as her joint and individual debt. „ ~ ~ Each of Maker acknowledqes receipt of • completed copy of th't! Note on the it~ve ~19fj. ~ . ~ ~.~~iJ~ ~-Y~ ~b~ ~~fi~!• ' r ~ L •~n~ • : Address. ~ -------y~-•----•-•--------~ - - - z-~-1~ ~7 - lSsan r :fi~L'uil2.~ ~~il~.~ f~~ . • Lt Jr ~ - i > > / t : ~ _r~-rg • f r si . r~+-(.,• r._D~y ~ -J{~ _ p - - (Ssab -~~+,.e~'J'----'-- - ' ~t.: r ' ' ~ - 0 ~ PAGE ~O ~ ^ ~ ~ ~as ~~n ~6 . ~ . t~~ ~5;~: ~1:1.~'k~ SC..'y- ~:t ~ . . - _...a..._ __.__<........r._...~...z. - _ ~ . . . . n.