HomeMy WebLinkAbout0063 ~N'~LN E~~CH BANK , . p
MaT~uu~t~t Non fiRVi"
9ANK NAME ~~YI'M N~ W?N~yf~
P. ~Q.''~oz Jsas~a BaeA, F'1a. ~~~43~~ ~ April 16, Rl ~80. 00
~ ~ LOCATION
N.~. N.. _ O.a~ APril 1?, , tt ~6 ~a.~+ T.~m.: ' ' .
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Stxly (80~ Maatba ~A~ 8~0. O~l s
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a1t~~ date tM undersiyned, he~einatte~ all~d MakK, jointly and severally pocvm.~~ay
Womis~(S ~o~ wlue nte~vad to pay to t(» order of tha Ba~k. at its oifiu Stan~
listed ve the s ot (t t 1 oi pa ma t Cndlf lth (or llh
a a~ai~ti~
out oea~' sis~ ~I a8 j 00~.. •
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~ oda.. oM.. c~a~ta
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wilh ar..t IF~.w~ N~y l.N 0~ o•? ~ .w. in
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moath~y t~nallpMpts ot 0 ~ach on rh~ day o} `
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~ach ~uooas~w n+atlh oon+rn~nt.inp . 19.- toq~th~~ wiM
a MLIOON ?AYINENT OF i.~...- Ou~ 19 •
AAAO""T s zoa o0
A fin~ coenpul~d at th~ ratt ot =.OS pn s1.00 on ~ach intlal!menl ~n d~f~~lt ia R~~~ 3--•-..----~_____._' •
a pNiod in ~~t of 10 d+Ys maY bM charp~d tl~ lWktr. No suth lins shsll eace~d S~par~bly coil~ct~d
is 00. Msk~? b nq~?ind /o p~y dl costs of colisction. iatudinp ~ nasonabl~ +ttw- d++rp~s (it~miz~) '
nKs ~N if r~hrr~d fw oolf~dion or Ipal proae~dinps. Atf WYments. wMther prin- '
dpil, inNr~s1 a otMrwise. nof npiwd wl~n dw sh~ll b~ar in»r~st at 10% ptr i......
atrwm iran du~ dab ueHl paid. Ail payms~t~ mada I+~reund~? shall chdit~d ANN(!Al rERCq~1TAGf RAT'E
first ro int~rpl. MN? b lawful charq~s ther~ acuwd. and last to p~incipal.
~i fF~ loa? itpnpa id in iull, acpl~rded w refin~nctd, ~h~ Maker shall as ot d,~ dat~ ot such ~wnt roniw wch nfund of th~ wr
~arrnd portion of th~r udFt IiM insuranc+~ premiurre and financs tM~qe ir+d such wh~r tr~dit a may b~ rsquind by law a~s m~y b~
~rass+ry b avoid tnurl?. P~ovided that tl+~ Holder may nt~in a min~mwn i~ea~ce charpe of i25.00, wMtM. a riot oth~rwi» ~un~d.
and ~xupt in dw ut~ 01 ~ r~fin~ncinq. no financs charqs or pr~mium mfund shall b~ mad~ if it amov~h to I~s~ thM 51.00. R~hMbn ~
of any minimum finane~ shall b~ in additio~ to service cMrp~ if ~ny. Any lanpuaq~ tlt~wMt~ F»r~in to th~ contrsry notwithstandfeq.
rnitMr sank nor any fwldK Mr~of shatl nuiw or rfain any chsry~ a. interost not dlow~d by law.
for f th}s not~ ke? 1+~s a t ith n4 foliqwi . ~ .
~ o. ~'~C~~' ~.r.~"'~... s.zo~~',~':.~a:~c: --$~--~so.
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Au i 3~~1.~: ~ cos~si a~"~dt ~a~cs~~SC~~f_.~~`fa~.C~~o. 7fip~l~a `~t .
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(inciudinp ~11 ush. stock ~nd otM. divid~~ds and ~II riyh~s to svbxribe to. s~cu.iti~ incid~nt to, d~cland a panqd in conerctio~ wif6
s+xl? pop~rty), wAich piope?ty, top~rhe. with alI additions and substitutions Rereaiter plad9ed or d~posited with sank is call~! th~ Col.
(N~r~l, The Collateral is ~Iso ptedqed as secu.ify fo. NI Wher liabilitief to Bank. (p?imary, 's~condary. dir~ct, conTinq~nt. wl~, ioiM o?
t~v~~n. du~ a to becoms due or wh;ch may be hereafte~ contransd or acqu;red, of ~cl? Maker (a of ~ach Mak~r ~nd ~njr ethN pat.
son~ Tht swn~r of this nots, upon payment o? otherwis~, shall not affect tM riQAt oi Bank to rttain th~ Collat~rat for iucfi e1h~r
liabiliti~s. .
CREOIT UFE.AND CREDIT IIFE ~ OISABtIITY INSURANCE ARE VOtUNTARY AND NOT REpU1RE0 FOR CREOIT, S~eh inswae~n ~
coverpe is w~il~bt~ at tM cosr desiqaated bebw fw ~he teren of ~he cr~dif: fw Chdit lih In-
wranat lb) f-----.------ for Gedit life b Disability Insuranu:
CFwck
Appl. Q Gredit lift Insurae+te is desired on tha lih of
iox
- &?ti+date _
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Q Cr~dit Lih b ~isabitity Insursnce -is dtsired on
- 8irthdatt
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Cr it 'fe ,qr Disabiliry Insuranas i: rrot desired. ~ .
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1~ ~~76 Siynatun ~
D~t~: y .ti-=L- Sl _ .
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Additian to, raductions « e:chanye} of. or substitutior~s fo. the Collaterat, payme~on ~aco~nt~ this Iw~ a inv~ases oE th~
san?~, ot other loans tnade DaAiatly w wkolly ~pon tF+~ Collateral. may fran tien~ to time ba mad~ without affecti~q tM prwisiaes
of thi~ nW~. 8mk shall ~xarciss re~son~bls ure +n the cvs~ody and prese.vafion of the Collatenl ~o th~ extem rpu ired by~
n'
•tatur~, and shalt be deemed fo i?~w exercised rsasonab:e ure i~ takes such action fu th~t purpose aa N1~{e~r sh~11 r~~so~a tij.
in wrifinp, but no omiui~n ro do any act not .eq~sted by MS a~1 be de~m~d a fa~lure ro e:~xcist roasooab4 uro, md no am~ '
sior+ to tanply with ai+y requtst of M~ker sh~tl oI itsNl be a f~ilura to exertise reasonabh ure. 8ank shall not b~ bovnd tp
• fak~ a~y sNq r~ssaty fp pt~s~rve aM right= in the Co!la~er~l aqa}nst prFar ppties ~nd Il~ker sh~U t~k~ ~11 n~tessary ste~y fw wcfi '
pwpos~s. 8aok or its nominae ~ead not collea iM~rest on a pr~ncipal of si+y Cotlatual w yive any notiq with respKt t0 it.
If ths Collmnl shall st eny time become unsatisfactoiy to Bank, Make. sFNll wirhin one day aRer dem~nd pledq~ and deposit
with Bank ~s pan of the Coll~teral additio~~l property which is satisfactwy to Ba~k_
If 8snk ds~ms ilseli_iruecure, o~ upon the happening of any of ~he followin9 svents, each ot which shall constitut~ • def~uh h~r~-
undN, aN liabilitiss of e~ch Make~ to 8ank sh~ll thereupon w thsresf?er, st the op~;on of 8ank, without nofice w demend, bacaeK dve
and p~yable: (a) fhe feiluro of ~mr Obliqe. (which rerm shall mean snd include each Make~, endaser, sure~y, a~d ~wranlw of this
naa) ro p~rfam any aq.semeot hereunder, to pey inreresr hereon w~fh~n ~en day: s~re. i~ ~s due, or ~f tbsro be rio dw d~ts, ah~r it
is bill~d o~ otherwiag req~ested w demanded, to pa? ~ny aher li~bil~ry whatsoeve. to Ba~k when d~re; (b) the death of amr Obl'~po~~
. (c) ihe filirq of any petitian u+~der the 8ankruptcy ,{~t, ~~ny simity federai or state s~atutt, by oraq ainst any ObliQw: an ~ppI~ca-
tion fa ths ~ppointmer.t af s reoeiver for, the makinq of a~e neret auignment fw the bensfit of aedifors by, a tf+~ insotv~ncy of any
Obli9or, (t) tM entry of a j~dpeme nt aqainst any Oblipor: (f) the issuinq of any ~tlxhrt?eM or ysmishmen?. or tF?~ filinq of any litn,
~ainst any property of ~ny Obl'~gor: (pl ths f~kinq of posse~sion of any substanria! part of the propsrty of tny Qblipo? ~t tM inst~nc~
of sny Qoverr?mentd ~~thority: (h) tfie dissolution, merqer, consolidstio~, or reorgae+ization of am Obtiyor: (iy tM assiqnment by ~ny
Maket of any eqvity in any of ths Cotlateral without the wri»e~ consent of the 8a~k. E~ch Obliqot heraby w~iws ~ny rpuinm~nt o{
nofics a detnand refletting suth aoteler~tion i~sofa. as suth requirement be in addition to the mere exertift of any rtrMdy afford~d in
thFs Not~ or tht irtsretution of wit by the !1,en holder.
Bank shall have. but sh~il.not be limited to, the iollowiny riohts, each of which may be exercised et eny tims whetMr or r~o? this
note is due: to p(edp~ or transfer this note end the Coltarerel end 8ank shsll thereupcn be relievsd of ali duties ind re~ponsiblities
F+ereunder and relieved from any and all li~bit~ty with reapect to any Collateral so pledyed o~ t?a~sferr~d, and sny pledqte w tra~s-
feres shall iw all purposts stsnd io the pl~oe of Ssnk hereunder end have ~II the riyhts of Benk hereunder; (ii) to tnnsler the wiwl~
ws~+y pa?t of th~ Collster~l in~o the name of itseli or its nominee; (ii~ to vote the Collareral; (iv) ~o notify the Obliqon of ~ny Cd-
I~teral to make psyment to 9ank of sny amouros due w to becane d~re tFiereo~; (v) to demand, sw for, wlkd, o~ malce ~ny campro-
miss or settlerrsent it deems desiraWe with refe.ence to the Collate?al; and (vq to t~ke co~trol of any procaads of Coll~tet~l.
B~nlc is hereby piven s lien ~aoad~s l~c~Mty ioterest in ell property of each Obiipw oow or ~t any time hereafter in the pps-
tession of E~nk in se~y upatiry w r, ir~cludir~y bu1 not 11miled to any bal~ncy ot shate pf any dspoyit, frusl, orp~n~r aptpunt,
as the s~cwity fo. tMpay ms~t d this note, and a similW lien upon and secwity im~r~st i~ itt wchpr opeeiy of_~ach Mak~r n s~curNr
fa the p~yment of dl~ther liabiti~irs of ~~ch Msker to B~t~k (inNudinq liabilities of eadc Make? ~nd iny o1Mr ~rsp~): and ~nk sFufl
have the sarrw riyhn as to wcfi properly as it has with respact to the Cdleterd.
If Bank d~ems itself insec~~e or upon the occurrence of sny def~ult herevnder gank sfutl haw the fweclosure ~nd other remedies ~
of a se~cured pstfy under the Uniform Commertisl Code, or other appliuble law ~rtd, without limifinq the yenerafity oi the fweqoinp,
Bank shall have tt?e ?iqht, immedistety and w~tho~t iurther action by it, fo set off sqainst this note ell money oMnd by 8ank in a~y u-
pacity to each or any Make~; snd if svch set off shstl acur, Bsnk sAall be deemed to have exercised such r~'pht of s~t off and to have "
md~ a charyr painst any such money immediately utx~n the occurrence of such defaoh even thouph such charpe is made or enterd •
on tt~ books of Ba~k svbsecTvent thereto. Unlesi the Collslenl is pe?ishibFe a threatens to dsclin~ speedily in va~ue or is of ~ type ~
cuitomarily spld pn a recoqnized market, B~nk witl yive AAak~r ress~onab~ nofice af the time and place of any pvblit sale tMreof or oi ~
the time ~fter whith any priwte ssl~ or ~ny other inrended dispositlon the~`sof F~ to be made. ~hs requiremeM of ro~sonabl~ rwtice shall ~
be met i/ such no~ice is maelad, posrpe p.epeid, to any Msker. at ths sddreu piven below or ~t any other sddreu shown on th~ rea
wds of the Bsr,k, ~t !east five days be~ore the time of the sale or diLpos~ta~_ tJpon d~spositior~ of ar+y Collare?a! aher ti~e occu?rence ~
of any defevlt hereunder, AAaker shall be and rema~n liable fa any deficiency; ,and Bank sh~ll acovnt to Maker for sny surplus, but
Bank shall h~ve Ihe ripht ro apply slt w sny pan pf svch wrptus (or to hold fhs sam~ as a rss~rve peins~) ~ny ~nd ~11 othef liabilitiss
of e~ch a srry AAeke~ to Bank_
No delay w omiuiw~ on IFte paA oF Bank i~ exercisirp soy riqht hersvr?der sh~ll oper~te as a waiver of ~uch i~qht w of any otF~r ~
riqhr v~ rhis note. Presenrment, demand, protesf, notece of dishonor, and ext~ns~on of time witho~rr notioe are hersby w~iv~d by s
each and wery Obli~w Ths pbliyors, joi~tfy and seve.~lly, promise and pree to p~y sll costs of collsctia? and ressonabtt attan~ys' .
fees (not tess tM~ 107(~ of the principat svm) incurf~d w paid by Yank in ~nforcirq tF~;s nWe upori~ tht oocurr~ p~ any def~ulf,
Any notice to Maker sh~ll bs suffici~ntty served for all pwposes if I~h upon w pt~c~d in ths mail, postpt pr~ptid, addr~ss~d to the
premis~s ~t tl,~ eddress shown bebw ix any wher address show,n on 8ank's recads. ~
' YYMrwe. this note is exscured by a co-+naker w sndorstr who is the wife ot a m~ke? or endors~r, tht,Hid wif~ does Mt~by ~x-
preuly ~cknowl~clpe tF+e wi~h)n debt as her joint and indivi4uat deb~. ' ' - -
['ath of Maker acknowl ~
• ' - ~ .1
. s?tuipt of a compt~ted copy ot rhis No» on t1» ~bov~ d;h. , -
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