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HomeMy WebLinkAbout0304 . ~ ~ ,ly•,'r~ ;:•~~z:.h ~cil.k ' INSTAtIMENT NOTE BANK NAME ~~V~ a~ VANtY?tdI ~ ~~t~ ~o~ ~~;c_i~c? ~:1 ~t . ! t`+:ns~^ FiP.c1C~1 ~ = pu.r ~~-i t9 ~.L S 4;.?'~~a ~i+ ~ + LOCATION Na» No. Dat~d: i•1~'ly 30 , 19 7~ lo~t? T~rm~~ j~XHXXS i o.«.eds ~ .....:Z_...R33':~~~ _-._____.._._._____;i1h,~.y.....~s~.~_.._:iont~}s CMARGE s after date the undersigned, hereinafte~ called Maker, jointly and severally Oocum.~ary promise(s) for value received to pay to the order ot the Bank, at its oifice Siamps as listed above tha sum of (total ot payments)._. Credit life (or life ~ FGUn ._~t2llSt~i'~~---,4'.E:Y.~'..~i._.:`iII~D~~..._l'~~NT~:TX-FxVx.---f1i~;1._ ~ ~~sab~~~ty) ~ns.s ~ 3l~/~..~-~-a.~s~-x~~..,~~__..~~------_..~_............~,...-- Dolla.s ~her(itemize) : _ ~ - - ~ ~ psyable m • --•---A_M.. i with interest thereon ~t th~ raM of ------=---.-------°J6 P~r an~um, ~l • : S~rT f - t .~_6~--- moothly instdtments of a _ each on the _ j...... . day of ~ each suoceuive month commencinq on 19.._7S . toqether w~th t----------------•------••._... ~ _ . . ~ BALIOON PAYMENT OF =...__.i~lUsl~-- Ous - 19 ~N NC~ 3 7 ~ ~ C~ ~ ~ _ •-•....-•-•L••------...•...~.__ t A fine computed st the rate of s.05 per s1.00 on each instal~men~ in defaulr fw ~~ratsly colisct~d ~p~ riod in excass of 10 days may be char9ed the Maker, No such fi~e shall exceed ~harq~s (itemiz~) _ ; =5.00. Mak~r is requ~rod to pay all costs of collection, includinq a ressonable anor- • osy's fee if roferred for collection or leyal proceedinqs. All payments. whether prin• cipal, interest w othervvise, not received when due sMll besr interest at 109G per i•--•-•---------------~__~ : annum from due dete until paid. All payments made hereunder shall be credited ANNUAL ~ERCENTAGE RATE ~Q,__. fint ro Inter~st, then to Iswfui charyes then acaued, a~d last to principal. ~ if ths losn is prepaid in full, aaete~ated~o~ refinance~d, the Maker shall as of ths dste of such svent »oeivs such ref ~ of tl+~ un- ' e~rt~ed portion of the credit life insurance premi~m and finance charge and such other credit as m~y be rsquirsd by law or as may b~ necassary to avoid usury, provided that the Holder may retain a minimum finance charge of s25.00, whether or not otherwist ~arned, snd except in the case of a refinanciny, no finance charge or premium refund shafl be mads if it smounri to I~u than s1-00. Retention of any minimum finarxe shall be in addition to service charge if sny. Any languaye elsewhere herein to the contrary notwithstandirp, ~ neither Bsnk nw any holder hereof shall receiva w retain any charge o~ interest not allowed by law. A~•~ 7 6 g$ ~ As securiy fw the payrt?ent of this note Maker hss pled9ed or dcposited witb Bank ~he followiny undivided ~nt~rest in...Turtle R~ef Con;~, I, recor.~'•ed ~n~:~1~.~~$ook -~3~1~ Pa~e j . T.""' ' _ ~ ' . ' • ' ~ " 2~31...L2nit Week~ 26 and 2~---in~4nd. ~~~:~;-~~~_~,~b':--~~~6,-- as-~a~ar,~e~~n - - . . (includirp all cash, stxk and other dividends and all r'~9hts to suburibe for securities incident to, declared or 9ranted in connsction wiM ~~d ; suchp~ operty), which property, together with all additions and substitutions hercafter pledged or d~posited with Bank is ulled the Co1TM~Y,t laferal. The Collateral is atso pledged as security for sll other liabilirfes to 8ank, (primary, secondary, diract, contir?~ent, sok, joint or" ~ g~ several), due or to become due or which may be hereafter co~tracted w acquired, of each Maker (w of each Maker and sny other per- son). The su~ret+der of this note, upon payment w otherwise, shall not affect the right of Bank to retain the Coll~teral fw such othtr liabilitie~. , ~ CREDIT LIFE ANO tRE~1T tIFE d. OISABIIITY INSURANCE ARE VOIUNTARY AND NOT RE(~UIRED FOR CREDIT. S~ch insur~no~ ~ covera~s is available at the cost designated below fw the term of the credit: (s) S.__.._ fw Credit tife In- surance (bj S.-•-_-------__---- . for Crcdit life 6 Dissbility Insurance: _ ~ ~ F Appl. ~Crcdit Life Insurance is desired on the life of ----~~5 -.-_---~~~s~ellE~~-----------_-_-•-_-----___~-- 'i Box - - - Birthdate --~~L~ ~ Q Credit Life ~ Disability Insurance is desired on i ; Bir:hdate - - --r--•------•--------•----------------•--- i ? Credit Life and/or Disability Insurarwe is not desired_ ` - f.=-------_------_----------------_-------,W~__ ; Date: ----3-~-=--- Si9nature -3- :-K ~ - ~~---;r.~_~---- - - ~'f 53~.'E 3 ~ • ..1I:C.~ @ 1J ' ~ : ~ _r s~9~~~.e f~ - uelinc: Hi;~chey ~ Additions to, reductions or exchanges of, or substi ns for the Collataral, payments on acco~nt his loan w incre~ses of ths same, or other loans made pa+tiatly w wholly upon the oltateral, may from time ta time be made wit t affectiny the provisions of this note. Bank shall exercise reasonable care in the custody and preservation of the Collateral to the extent required by applicsbk statute, and shall bt deemed to have exercised reasonab~e care if it takes such action for that purpose as Meker shsll reasonably nquest in writiny, but no omission to do any act not requested by Maker shall be deemrd a fsilure to exercise reasorubls csre, and no omis- ' sion to comply with eny request of Maker shall of itulf be deemed a failure to exercise reasonable care. 8a~k shall not be bound to i fake any steps neceuary ta preserve any rights in the Collateral against p.ior parties and Maker shall take all neoessary steps fa wch purposes. Ba~k or~its nominee need not collect interest on w principal of any Collateral or give any notice with respscf to if. ~ If the Collateral shall et any time become unsatisfactory to 8ank, Make? shall within o~e day after demand pledqe and deposit ~ with Ba~k as part of the Collareral sdditional property which is sstisfactory to Bank. If Benk deems itself insec~re, w upon the happening of any of the following events, esch of which shall constitute a default here- i under, all liabilities of each Maker to Bank shall thereupon or thereafter, at the optia: of Bank, withovt notice w demsnd, become due a~d payable: (a) the faiiure of any Obligor (which term shall mean and include each Maker, endoner, surety, ~nd qusrantw of this , nofe) to perform any ayreement hereunder, to pay interest hereon within ten days after it is due, w if there be no due date, after it ~ is billed or otherwise requested w demanded, to pay any other liability whatsoever to Bank when due; (b) fht death of any Obliqa ~ 1 (c) the filiny of any petitio~ under ihe Bankrupfcy Act, or any similar federal or stafe statute, by oray ainst any Obliyor; (t~ sn spplics- tion for the appointment of a receiver for, the making of age nerol assignment fw the benefit of veditort by, w the insolvency of any Obligor; (e) the entry of a judQement against any Obligor; (f)j the issuing of any attachment or qarnishment, or the filiny of any lien, aysinst any property of any Obligw; (g) the takirn~ of possession of any s~bstantial part of the property of any Oblipor at the instance of any qmrernmental euthority; (h) the dissolvtion, merger, consolidarion, or reorganiZation of any: Obli9w; the assiynment by eny ~ Maker of any equity in eny of the Cotlatersl without the written consent of the Bank. Eech Obligor hereby wsives sny req~irement of notioe or demand refleciing such acceleration insofar as svch requirement 6e in addition to the mere exercise of at?y remedy afforded in # this Note w the institution of svit by the then holder. Bank shali have, but shall not be limited to, the following riahts, eath of which may be exercised at any time whether p noT this 3 note is due: (i) to pledye or tronsfer this note and the Cotlateral and Bank shall thereupon be relieved af atl dvties and responsibilities ~ hereunder and rel~eved from any and atl IiabiGty with respect to a~y Collateral so pleciged or transferred, a~d my pledqee w trons- ~ feree shall for all purposes stand in the plsce of Bank hereunder and have all the rights of Bank hereunder; (i~ fo transfer the whale ~ ~ or a~y part of the Collateral i~to the name of itself or its nominee; (ii~ to vote the Collateral; (iv) to notify the Obtiqors of any Col- i lateral to make payment to Bank of any amounts duc or to becort~e due thereon; (v) to demsnd, s~e fot, collect, p make ar~y compro- ; mise w settlement it deems desirable with reference to the Collateral; and (vi~ to take control of any proceeds of Collsterol. ~ Bank is hereby given a lien upon arxi a security interest in all property of each Obligw now or st ar?y time hereaher in the pos- ussion of Bank i~ any capacity whatsoever, includiny btA not limited to any balance or share of any deposit, trust, oraye ncy aocouM, as the security for the psyment of this note, and a similar (ien upon and security interest in all stxh property of esth Alaksr as seturiy fp the payment of all other liabilities of eech ~Cer to Bank (including lisbilities of each Maker and any other person); snd Bank shall have tFx same rights ss to such property as ~ with respect to the Cotlateral. If Bank deems itself insecure w upon the`abcunence of any default hereunde? @ank shsll have :he foreclosure snd other rcmedies r of a secured party undtr tix Uniform Commercial Code, os other applkable law and, without limitiny the qenerality of the fotepoiny, = , Bank shall have the ~ight, immediatefy a~d withovt fu~ther action by it, to set off against this note alI money owed by 8ank in any ca- ~ t pacity to exh or any AAaker; and if such set off shall occur, Bank shall be deemed to have axercised such right of set off and to have ~ ~ msde a charge against any such money immediately upon the occurrence of svch defautt even thouqh such charge is made or entered ~ on the books of Bank subsequent the~eto. Unless the Collatersl is perishable or threatens to decline speedily in value or is of s typb ~ customsrily sold on a retognized market, Bank will give Maker reasonable notice of the time and place oE.any public sale thereof ot of the time after which any private sale or any other inter+ded disposition thereof is to be made. The rcq~irement of reasonable notice sF?all be met if s~ch notice is mailed, postage prepaid, ro any Mnker at the address given below or at sny other address shown on the rcc- ~ ~ ords of the Bank, at teast five days before the time of the sale or disposition. Upo~ disposition of arry Collateral sher the ouurrence ~ ~ of any default hereunder, Maker shall be and rema~n liable for any deficiency; and Ejnk shall sccount to AAaker fw arry surplus, but ~ Bank shall have the right to apply all or any part of such surpt~s (or to hold the same as a reserve ayainst) eny and all other liabilities ~ of each or eny Maker to Bank. ~ ~ No delay or omiss~on on the part of Bank in exercising any right herevnder shell operate ss s waiver of svch i~Qht w of any other ~ ~ riyht under this note. Vreuntmem, demsnd, protest, notice of disF,onor, and extensio~ of time without notice are hereby waived by > Y each and every Obligor. The Obligo~s, joirqly and severalty, promfse and agree to pay all costs of coNection and reasonable ~ttwneys ~ ~ iees (not less than 1096 of the prirxipal sum) incurred w paid by Bank in enforcing this note upon the occurrenoe of ~ny default. Any notice to Maker shsll be sufficiently urved for a~l purposes if leff upon or placed in the msil, postaqe propaid, addressed to ths ~ ~ premises et the address shown below or sny orher address shown on Bank's records. ~ ~ Wherever tfiis rwte is executed by a co-maker w endorser who is the wife of a meker or e r, the sa~d/~f~ ~f~ does hereby ex• ~ pressly acknOwled~e the within debt as her joint and individual de~ t: f ~ ~ Each of Mafcer acknowledges receipt of a compteted copy of this Ql~ote on the abor~d ~ f : . ~ ~ . ~ 't. ~ `.~i ~ ` .~'ti ~ i : : i N_ . ! f ~.~s~ ~ _ ~ ~ h fif• • ~ Addr . ' ~ ~ -s ~ T - ~ ! 1S~d ~i .L_'___'{.~ 33158 / ~f t~ cLiZ~..g ~ ~ , ~i~~.~ _a' ~.~l~/ T ~ f • ~ ' D t a'~~ _ r; l" ~1 r/ f ~ '~1 .l , . . + ~ ,~C ~ r~ ~ t~' ~ . _ - - - _ ~ ~ -~..z _ .~~Y~. - - - - P - - \ AGE -~e~ L-- k~ 17~0 2'15 ~ j . ~ . _ _ _ _ . . . . . . ~ - --;wi . . . _ _