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HomeMy WebLinkAbout0329 ; ; r: ~ ~ n ~ ~ ~ 1: ~ ? : _ Y ~ y j\ ~NSTAILMENT NOTE : 9ANK NAME `~adtYtN~ •fld UfINtYh~ ' i ~ ~0a c>rtr~rnrci:31 St J~:'1~-~r ~ehC'tlt FL Dur. ` i~ 19 : ~s.,t ~~'~~4~ ` ~ LOCATION ~;ilv 2,~~ 1~75 Nof~ No. D~hd: _'~`Z,n.,'.~-. 19 toar? Terms: ' ~ Proceeds = ~ ~ E3 0 • Q ~ ~ fINANCE I ~ ~ g ~ • ~ 5ixty { 60 ) t~i~nths CHAR4E _ • - - - afte~ date the undersigned, he?einafter called Maker, jointly and severally Oocumenr~ry i promiie(s) for vatue received to pay to the order oi the Bank, at its otfice. Samps ; as listed above 1he sum of (total ot payments)_ Credit life (or Lifs ~ 5 - - ~ ~~a~uzs~:an~aux..xur~~~---FU~.. aj.~~....~a1~a----------- b Dissbility) Ins.i . Dollars ~hsr (itsmizs) ~ -...sxsa~e.~ sx.z.~,art_~ _ _-:-t_-:.~-_-".r--° _ _ ~ _ ' " " ' j~ ~ V " ' ' ' wi ntersst ther~on et tM raro of . 96 per annum, all payabte in $ I ~ ~ : ~~t. . s mo~thly installmenn of s...... each on the ----4~.~ day of e~ch suocessiw moMh commencinq on ._~.,_.s: l.~s'-4"' 19._7s toqethe? with s~-- ~ BALIOON PAYMENT OF v~;----._....-~~ AMOUNT , 19 FINANCED s...... ~_i.~ 4 0.._U 0 A fins computed at the rate of s.05 per 51.00 on each instal!ment in defeult tw ~~rotely collected • period i~ excsss of 10 days may be char9ed the Maker. No s~ch fine shall exceed charyss (itemizs) ~ =5.00. Maktr is required to pay all costs of collection, including a reasonable attor- ney's fee if refernsd for collection or lepal prxeedinqs. All payrt?ents, wi.ethe. prin- cipal, interost or otherwise, not received when due shsll bea? interest at 10% -pe? ~nnum from due date until paid. All payments made hereunder shall be credited ANNUAL PERGENTAGE RATE ].Q._._ x first to interest, then to lawful charpes tfien sccrved, and last to principal. . tf the loso is prepaid in fvll, aaelerated or refinancrd, the AAaker shall es of the date of such event receive such rofund of the un- ~ samed poAion of the credit life ir?surance premium and finance charge and svch other credit as may be required by law a ss may be netesssry to avoid usury, provided thst the Holder may retsin s minimum finance charge oi s45.00, whether or not otherwise earned, •nd except in the cese of s refinanciny, no finarxe charge or premivm refund shalt be msde if it amounb to leu than s1.00. Rete~tion ~ of aay minimum fina~ce shall be in additia? to se~vice cherye if any. Any tanguaye elsewhere herein to the contrary notwithstendinq, ~ ~either Bank nor any holde~ hereof shall reteive or retain any charpe or interest not a~lowed by law_ As securi for the payment of this note Makm has pledged w deposited with Bank the followi r A__._Q_ Q x~_~_ ; ?Y ~ P ~~Y~ S iv~d.~.zl_~.n~are~.~.__~....._~urtla---i~e.et_.Son~Qmi.ziiums.__z.,._._rs:c~s.~ci~-~.a.,~~~~+~ 25U,~- ~ ::e 243I...._.Lnit---W~eks_..~i~..an5~--~~----~--n--C~z1d_~._--`~"-g~---A~?t-=--~O-t.--~--9_1.._as_3e~cr~be~ in said~ ~ (includinq all cash, stock and oihe. divtdends and all rights to s~bscribe fw securities incident to, declared or graMed ~«;~;«t~«+ w~i~ ~,rtgag suth propeAy), which property, together with ati additions and substitutions he.eafter pledged o~ deposited with Ba~k is celled the Col- ~ lateral. The Collateral is also pledged as securiry for alt other IiabilitSes to Bank, (primary, seca+dsry, direct, continqent, wle, joint a ! several), due or to become due u which may be hereafter contracted w acquired, of each Maker (o? of each Msker and a~y other per- j son). The surrende? of this nofe,. upa+ payment or otherwise, shall not affect !he right of Bank to retain th~ Colt~teisl ior such olher . liabilities. t CREOIT LIFE AND CREUIT IIFE d~ DISABIIITY INSURANCE ARE VOLUNTARY AND NOT REGNJIRED FOR CREDIT. Suth insursnce ~ covera~e is available st the cost designated below for thc term of the credit: (a) S..._..________________________________________ for Credit life In- ~ auranoe (b) fw Credit life 3 Disability Insurance: j Ap~pl. ~j Gedit life Insurance is desired on tn~ rFe of __.__._._____F~vin_ t~ . Tl~t'3 ^ j - - - 2 Box ~ ~ ~ _ • : . _ Birthdate - ' t x`..-=-- ~ Credit life ~ Disability Insurante is desired on 's e Birthdate • ---------------------_.._-------------.._.M__ i ~ Credit Cife and/w Disabilify Insurante is not desir~~ ~ - - Dafe~ ------~5~ «~"._Z~.7~ Sipnature ---5'----~ r~i-1 V1~ :'1. `~'j.fi~l 3 _ ~ 1 s . ~ , Signature .-x-=-- - 3, ~ y~~....~___ ..,1-.,~ tir 1 ~ Z~, 1~"6 ?~r, nn Tish Additions to, reductions w exchanges of, w substitutions for the ~laleral, payments on aao~nt of this loan w increases of ths .f same, or other loans made partialty or wholly upon the Collateral, may from time to time be made without affecting the provisions ; i of this note. Bank shali exercise reasonable care in ihe custody and preservation of the Collateral to the extent required by appliCabte 3 . ststvte, and shell be deemed to have exercised reasonable care if it takes svch action for that purpose as Maker shall reasonably rsquest ~ in writinq, but no omiuion to do any act not requested by Maker shell be deemed a failure to exercise reasonable care, snd ~?o omis- - ~ li sion to compfy with any request of Maker shali of itself be deemed a failurc to exercise reasonable care. Bank sha11 not be bound to ' take sny steps necessary to preserve any rights in the Collateral against p~iw parties and Maker shall take all rxcessary steps fw such ~ purposes. Ba~k o? its nominee need not collect interest on or pr~ncipal of any Collateral or give any notice witi? respsct to it_ i If the Collateral shall at any time become unsatisfactory to Bank, Maker shail within one day after demand pledqe a:~d depoait i with Bank as part of the Collateral additional properry which is satisfactory to Bank. ~ ~ ~ If Bank deems itself insecure, w upor. the fiappening of any of the fcllow?ng events, each of which shall co~stitute a default here- untkr, all liabilities of eath Maker to Bank shall thereupw~ or thereafter, at the option ot $ank, without notice w demand, betome due ~ C and payable: (a) the failure of any Obligor (which term shalt mean and inctude each Maker, endorser, surety, and yuarantor of this R note) to perform a~y sgreement hereundcr, to pay interest hereo~ within ten days after i? is due, or if there be no due date, sRer it ~ E is billed a otherwiu ?equested w demanded, to pay any othe? Iiability whstsoever to Bank when due; (b) the death of any Obl'~qor • ~ (c) the filiny of any petition unde~ the Bankruptcy Ad, or any similar federal or state statute, by or sgainst any Obli9w; (d) sn applica- ~ tion for the appointrt?ent of a receiver for, the making of ag neral assignment for the benefit of creditors by, or the insolvency of sny ~ Obliqor; (e) the entry of a j~dgement aqainst any Obligor; (fj the issuing of any attxhment or garnishment, or the filing of sny lien, sgai~st any prope~ of any Obligor: (9) the taking oi possessio~ of any substantial Fart of the prope?ty of any ObtiQor at the instar~ce of sny yovernmemal autho.ity; (h) the dissa~ution, merger, consolidat~on, or reorganization of any Obligor; (i) the _assignment by any ! Maker of any eq~ity in any of the Coltaterol without the written conunt of the Bank. Each Obligw hereby waives any requirement of ~ notice or demand reflecting such acceleration insofar as s~ch requirement be in addition to the mere ezercise of any remedy afforded in ~ this Note or the institvtion of suit by the then holder. ~ Ba~k shall haye, bvt shall not be limited to, the following riohts, each of which may be exercised at any time whether or nof this ~ note is due: {i) to pledge or transfer this note and the Collateral and Ba~k shall thereupon be relieved of ali duties and responsibilities hereunder and retieved from any and all liabitity with respect to any Collateral so ptedged o? transferred, end any pledpee or trans- feree shsll for al! purposes stand ~n the place of Bank hereunder and have all the rights of Bank hereunder; (i~ to tra~sfer the whok w any paA of the Collateral into the name of itself or its nominee; iii~ to vote the Collateral; (iv) to notify the Obligors of any Col- ~ lateral to make payrmnt to Bank of any amo~nts due or to become due thereo~; (v) to demand, sue for, collect, or make any campro- mist or xttlement it deems desirable with reference to the Collateral; and (vi) to take control of any proceeds of Collateral. ~ Bank is hereby given a lien upon and a sec~rity interest in all property of each Obligor now a at any time hereafter in the pos- ~ session of Bank in any capacity whatsoever, irxluding but not limited to any balance or shere of any deposit, trust, or agency accou~t, as the sec~rity for the payment of this note, and a similar lien upon and security interest in all suchpr operty of exh Maker as security ~ for the payment of all other liabilities of each Maker to Bank (includ~nq liabilities of each Maker and sny othar person); and Bank shafl ~ ~ have the same rights as to such property as it has with respect to the Collateral. ; If 8ank deems itxlf insecure or vpo he occurrence of any default hereunder Bank shall have ihe foreclosure and other rertxdies 3 ~ of a secured party under the Uniform C ~dal Codc, or other applicable law and, without iimitirq the generality of the forepoiny, ' ~ :3 Bank shatl have the right, imrtwdiately a'Wilkout furthe~ action by it, to set off sgainst this note a{I money owed by Bank in any ca- ` pacity to each or any Maker; and if such ut off shall acur, Bank shall be deemed to have exercised such right of set off and to hsie ; ~ made a charge against any such money immediately upon the occurrence of such default even though such charye is made or entered ~ on the books of Bank s~bsequenl thereto. U~less the ~ollateral is perishable or threatans to decline speedily in value or is of a type ~ c~stomarily sold on a recognized market, Bank will give Maker reasonable notice of the time and place of any public sale thereof or of 3 the time after which any prwate sale or any other intended disposition thercof is to be msde. The requirement of reaso~able notice shall ~ ~ be met if such notice ~s mailed, postage prepaid, to any Maker at the address given below a at any o?her address shown on the rec- j oids of the Bsnk, at least five days be~ore the time of the sale or d~sposition. Upon disposition of any Collateral aNer the occurrence r 4 of any default hereunder. Maker shall be and remairt ~iab!e for a~y deficiency; and Bank sha~l account to Maker for any su~plus, but ~ ~ Bank shatl have the right to apply al! or any par~ of such surplus (or to F.old the same as a reserve against) any snd all other liabilities ; of each or any Maker to Bank. . i ~ No de~ay o? omission on the part of Bank in exerc~sing any right herevnde~ shall operate as a waiver of svch right o~ of any other ? ~ right under this note. Presentment, demand, protest, notice of dishonor, and extension of time without notice are hereby waived by each and every Obligor. The Obligors, iointly and severatly, promise and agree to pay all costs of collection and reasonable attwneyi f ~ fees (not fess than 1096 af the principal sum} ;ncurred o? pa7d by Bank in enforcing this note upon the occwrcnce of eny default. ~ Any notice to Maker shal{ be sufficientty served for all purposes if left upon w placed in ~he mail, postaqe prepsid, addressed to ihe j ~ p?emises at the sddress shown below or any other address shown on Bank'3 records. ; ~ Wherever this note is ezecuted by a co-maker w e~dorser who is the w;f of a maker or endorser, the said wife does hereby ex• j ~ pressly acknowledfle the w~thin debt as her ~ant and irsd~vidual debt. s Each of Make~ scknowledges receipt of a compteted copy of this Nqfe the eliove da . ? - „ . ~ ' ~ t ~ ' ^ ~ 'i ` 4r'''~~ ~ ` f Sea ~ Address~ ss...s ,-i ~ ----.1:.. -=.:.r~--=... - - - , - t--- t n ~ , _ ~ 1 - ~ ~ ~ _ . . . ~ i ; .i. . r tl ~ 1~ ~j . - 1 ~ , r' _ . ~ 5 " G.~. - - - ~ :~r.-Y'-Y- -~~..?-c~,. c ~ - - - _ • . H . . _ ~ F gs > > ~ ~ 6 QCLr PAGE • . ~ ~~:.~n i . . ~ ~ i . . . _ e ~ _ _ - _ ~ _ _ .sr ~ ~'iFi . ~ ~ _ . _ r . " . ".a ~ . ~ ~F;~.