HomeMy WebLinkAbout0069 ~ ±J ~t $ $til'!It ` MKTALLJNttiT NOTE ~ ~i ~4
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~ftK dah tM undasigMd. htrein~iter all~d Maket. jointly and sewrilly docw~wnta~y = '
pronlls~(s tor value nte~vM to pay to tha order of th~ 8a~k. at its offk~ St~ i'
FIVE TH t~ w of t 1 1 Cndit Lih (or llh
~ t~~t0~' ~i~~'~'~7UVQ'~fi/7~~i~~~:~.:_" ~ o~,.~uw~ ~~..s
_ , . ° . ~ CtM? (flsmis~) ; ~ -
wa~+ tnNna th.roon a~.. ~.k of w• .~r,u~+, d~ wY.w. M ~
mo~xhy? h+qifbnu++a of°i j__.«i? a+ th. d.,? of .Y~
1N i
w~ woaaiw enoMh co~ Qn . 19.~.~ . 1opNl~r with ~ '
' • lAtIOON PAYMENT OF 5....~NE.._:..._w. ow ip ~ lYZ. 90
. ~ llWllf~ ' = t„_, '
A tin~ oomput~d at.th~ aN of f.OS p~r 1.00 on ~ach imtalln»at in d~f~uit fw
; , o~d tn ~xo.a of 10 d+rs na~? b. Maka. t~o wch ftn. ~haii ~xc..d s•r»nay oo~~ecwd ~ ;
~5 Q0. Ma1tlr b nqu(nd b WY a11 oo~K of tdlMion. includlnp a nason~bl~ tttw. ptNr?iz~)
nh/a tM if e~f~nd for cdNKli4n a Mp~l proaNdirq~. All p~ym~nts, wMth~r prit+- _
dMi. InMrqf or oti~erwi~ rat ~iwe! wMo dw il+all b~a~ InMryt at 1 MG pK ~ i__.
.nnwn hcm du. d~. u~xt~ pNd. I?I~ psrn+tna nwd. h~..undK shau b. cnd~»a ANN1Mt l~CENTAV~ RATf ~'K
, Ara w lnanst, tMn w lawfu) d+arp.s th.n soau.d. .nd ~asf ro wb+cia.l. ~
~ N th~ loan ts Qnp~M G~ full, aa~4~N~d or t~ii~anad, th~ /N~ktr shail a oi tM daa of s~xh w~nt naiw wd+ htued of tM un:
~am~d P~~ ci trw a~t uf~ inwr~na~ vnn+ium ~nd flnana charq~ ~nd ~ud+ aMr c.~dit ~:n~r ~t~9vind by I.w or a~ may
Mo~sarY to avo{d u~xY. 0~?id~d tFat 1M Ho{dK m+Y ntain a eninimu~n finw~ tha~q of t2S~pp. tivl~t~ir.4?.~ otlMrwh~
and exaM ~ th~ u~ of a Mlnancinp no fin~no~ charq~ a P~+~um ?~fund shall b~ md~ If h amol~+ts fe MwLtjwn =1.00: I~t~MfQey-
of any min6num Rea+a shall bt in a~ditbn b wrvia cha~ if any. MY larquap~ ~F~wh~r~ Mnin b/M aontrary rlofwitl~st
. nNtl~ 8~t~k eor any hold~r F~rwi ~il r~o~tw o~ ntaln amr cMrq~ a int~~t nd dbw~d by law• k O• ~~~9 ~v~~ ,v,
~x~G~s t~of~i r _ -
. a r • ,
' ~
~3 . , . . _ ;
~i~din0 all ash. aodc a~d oN+~:
divid~nds ~rid •11 riphb ro subic:ibe fo. ~.cwiii~t i~id.nt % d.cl~ed or srN~d in oonn.ction wiM r
- wchp~p~~1y). vrl+ich propftty. io~tM~ witFi a~l additions and substitutions I~teafttr pbdpsd a~ d~po~it~d w~M ~nk is uU~d fM Col-
: - lat~~l. TM Colbtaral is aiso pl~cip~d a s~curity fw alf Wher IiabiUtNs to Bank. (Prim+~Y, sKO~d+rY, dintt, oontinp~nt, spl~, IoirN or .
• a~wtan. due a ro b~con» dw or which nwy b~ Mnaft~r corwwcttd or acquind, of Nth.Mak~r (or of Nch M~t~N and any ofh~r p~.
soo~. 'fM surnnd~r Oi this rots. upon WYmem o? oth~rwis~, shall not affecl tt~ riphi of Bu+k to r~tain th~ Cdla~~l fa such WM~
~ li~biliti~a. ~
CREDR ltfE /1N0 CREDR LIFE 6 OISASiIITY INSl1RANCE ARE VOLUNTARY AND NOt REQUIRED fOR ~EDIT. Such M~wane~
ao~wrap~ b av~labb af tM aost dai~at~d b~low for ths term d ths cr~dit: (a) for Cndif lih tn- -
~ s~~~ _ . fot G~dit lif~ d. Diability Inwnnca:
Cl+~.it
. p C~dit tife lnwrana h daind on tM Iih of _
• _ ~ 8trthdat~
• p Cndit tih d~ Disabithy Msunna is d~str~d on -
. Birfhd~rt~ _ _
• [xCredif lif~ and/or Disability Inwnno~ is nof .3
o.,.: Je~t~ t 1, L976 s~,,u~. X ' _____--µ_.a: - t,~tvy _ -
~ , -
~ s~o~.~. x _ . ~~~Il~et.t E Ps+~vy ~
' /ldditions 10, nductiorn a ucchanpes ot, or wbstituY for tha CdlaMral. P+Yn»o o~tl~is iwn or Mcnaws d ths
- s~en~, a olMr Iwns mx~ partiall~r or wFwtiy upon tF+~ Collat~nl, may frorn tirn~ to t(n+e b~ without af(~etlrp~ th~
d this ooM. B~nlc sh~lf ~x~rd~e rlasenablt uro in~ ths 4ustody andpr~ nation d th~' Cdl~fsral to th~ exantnqu ind by ~ ~
statuM, and sh~li b~ dMmed ta havs exercls~d r~sonable car~ ~t~k~s such action fo? that purpow d Atisk~ all nason~My. ti -
in wrifinp, but no amksion ro do aw .a r~ot requsst~d by Ma b. ds~en~d ~ failun ro.x.rcfw reasaubl. an, and no c'~
. sioa ~o complY wieh «+y nquest ai Mak~r ahat! of itself bs a failun to ~xerc;s~ reasonabN c~n. R~nlc ~hall not. b~
t+k~ arry ihpt n~arY to P~w ~rr~r riphq in the Colb ' ap~~~t Prior P+rti~s and /?~lakK shall takt all rnoa~aey st~ps fof _ ~ -
purpaN. dM+k a its nanir~ nesd nos oo~lret inqrest on or pincip~l of ~ny Collaaral ar piw any no~ioi wHh nsp~d ro If, -
!f tlN CoUat~r~i siull at eny Nrt» beooms unsatisfaaory fo Bank. IN~ku sMlt witFJn on~ d~y a~N? dN~+nd pld~ and" d~ppsit -
wi~ b~nk a"s p~tt of Ih~ Coilat~tal additional poperty which is satisf~ttory to sank. -l
If 8ank dsems itself ins~tun, or upa? 1hs F~app~ni
i' ued~e! dl IiabilHia d ~ach M~ker to Bank shal! therou~ of_any of the folbwiop wsnts each of which shall oorWitul~ s dtfauh hK~
pon o~ tFNreafter at ?t+~ option o~ Bsnk, wittw~A no~ke or d~mand, b~oom~ du~.
~nd~r
able: (a) tM f~ilun of any Obl'~qo~ (which term shall mea~ and includ~ exh AMker, endorser. suntY, and ~uar+ntor af tMt
noh) b P~rform -+nY aqn~n~t hereunder. to pay 3nterest Mreon wiihin ten d~ys aft~ h fs du~. or ff tMn b~ no dw dal~, aftK k,
ts bilbd or aNtKwis~ ?pues~ed a demarsded, rop~y ~ny otlter lisbility whatso~wr to B~k wFrn du~: Ib) tht dfsM o1 ~ny Obl s
~ (t~ IIM filinp of any.petition u~dsr the Banicrvptcy Ati, oF aey simila~ feder~l w state u~tv1~, bY aapa ~+~Y ~~Do~s (d) an~
ia- _
~ for,tM ~ ntme~ of.i ~eoeiver fdri the maki of s rel assipnmeM for the bsn~fit of a~ditors bv. o?•fh~ insolwncy of any ~
~0~?. O ~Y O~I I~tt+e taki ~ (~tt~e issuirp of a~~y aHad+rns~ a qam&t~t, a 11N: fitinp of ariy li~n, ~
apu^~ ~ P~~b ~+~+1? ~ n~ of ~~oss~ssion of am wbsbnti~l paA of th~ properfy d~ny Obllpo~ st 11+~ instano~
bi anti? quv~rrxrwMai wthotity: th~ utolufeon, merQsr, consdidation, or reorgani:stion of ae~r Obliqor, QI t!w ~ssiqeans~ 6y ae~y
A~kN of any equity in ury of Coll~tual without th~ w?Nlen conseM of tM Bank. Eech Obitpw h~nby wiiws ury roquinen~nt of i;_ .
ratio~ a d~m~d r~fl~irg wdt aooskrnion ir?soFsr ss w~ requlran~nt be in additlon to tM re~~ ~x~ds~ of anf? r~e~dy affo~d~d in
thfs NoM or fh~ instNulioo of w1t 61? the th~n hoWer.
dank shall h~ve, but shail not b~ limited to, ths followinp riohts tach of which may be exsrci~sd ~t ~ny tin~ wh~tf~u or not fhu
~w
nWt a dw: (q b~ o? tnnste? this note and tFw Collaterd and~Bank shall therevpon b~ rtliaveJ o# all dutiss ~nd hspoe~~ibilitl~t' - -
Mroundrr seid mii~v from any and ali liabil'~ty with respsd to any Collater~l so piadpad or h~~xfen~d, ane! any p~~d~ or tnnt.
fKK shall for ~11 pwp~~s stard in tht plaae of Bank henund~r and have all tF+e r~h b of 8ank ~htn~: pi~ to transfK th~.wlwl~
or~ny pa~t d th~ Collatuil into the name of itsslf or its oomines; (ii~ to vose tfis ~olid~nl; ('n) to noti ti~e Obliqors of ~ny Col.. -
latsr~l to mab paym~nt to Bank of any anwonts due or t~ become due tMrron: (v) to d~mand, sw fw, aol{eet, at nwb~ ~ny
mise -or ~ttl~nt it dsems desirabk with refgree~oe b tht Coltateral; and (v~ to take contrd of. ~ny proaeds of Coilat~rsl.
- 8ink is hereby yiven • lien upo~~ and ~ s~twity iMerest in all property of sac~ pbliow now or at ~ny tin~ t~r~ft~t in ftr pa.
s~ssion of Bank In any upacily what~o~wr, includirq but rw~ IimN~d to k?y balanos w s~are of any dsposit, tnat, aa~ncy ~ocoum,
~s tM ~curily fa th~ paym~m of this rare, and ~ simila? li~n upa~ sad s~curify [nt~nst in atl wchprop~~ty of ~ch NA~icsr as secu~ify
fa ths p~yment of ~II ofh~ liabi~lties of each Maktr to Bsnk (indudin~ liabilit'iss of each Maker and any other penon): ard B~nk sh~ll -
1»w tM sam~ riqhts ~s ro wd~ p.op~rty ss it has with mspeet fo ths CoHaeaal.
If 8ank de~ms hself insesuro ot upon the oocurrenoe of any defavlt Mrwnde? B~nk sMll have th~ faedosun ~nd otMr nmsdiq
of a s~wr~d puty und~r th~ Uniform Commerciai C~ode, or other applicable law and, wiM~out Umiti tM y~nsaiify of ttw
Bank shall have the riqht, immedi~tely and withovl fvAiwr actian by ~H, to set off aqai~?st thls note ~i~ rtqnry ow~d by Bank in
~~y~ q.~ -
p~cih? to each w any IMsker: ~+d if wch set off shali oau~. Bank shsli be deemed ro have ~xercis~d wch riqM of set off and b haw
mads ~ char~e s~sirnt a ysuch money immedi~tefy upon the oaurrence of wd~ def+uh ewn
on th~. books of BH+k subsequent thaeto. Unless ttk Coll~terai is ~ charp~ is m~ or entard -
custanui1y sold on ~ nissd markst, Bsnk wi!! °f thr°~tens t° d~Clim speadily in vdu~ w is of a typ~
th~ Nrr~t ai~er which Oive Mak~r nason~t~ notio~ d the tierN and pt~as of ~ny publk sal~ tMr~of o? of
any pnvat~ sale or aery other iMend~d dispo~ition tFwnof i: to b~ mad~. TM rsquitanent of twooabl~ ~wtic~ s~sq
b~ mM if such notic: is mai{d. Post~ye PnewW, to arr,~ Mak~r d the address 9ivu+ bsiow or at ~ny wh~r sddnss shown on th~ nc -
ords ot the 8ank, K kast five days befon tFw tims of the s~fe a disposition. Upa? disposition of any Collater~! ~fMt tM oavrnnc~
~ of any dtf~uH hsrovrd~r. AAaker sF+ali b~ and remain liable fot eny defkancy: ~nd B~nk shall eaooe?M to 1N~ke? fqr sny us, buf
~ d~nk sbal! hav~ th~ ~ipM ro ~pply all w ~m part ot wd~ wrplus (or ro hold the s~n~e ~s a ns~rve apairaq any ~rd dl ofF»?~tabilitNs
of e~cfi or any Mak~? ro B~nk.
Ivo d.iay w omiubn on the pan of Bank in ~xtrc~sirq any ~i4ht hu~undtr shall op~r~N as a w~ive~ of wch or of arhr o1h~r .
ripht und~r thit note. Pnsentm~~t, elsrnand, pro~yt, notia of disFia+or. and ~~tt~?sion of fim~ without notio~ an~ M•~ivad by"
td+ +nd everY Obiiqw. Th~ abtiqon. '~oiMly aod sewnlly p.omis~ ~nd aprs~ to p~y all oosts of cdl~dion ~nd naonabf~ a»oreMr~ ~
fess (no1 lesi than 10% of tFwpr ~hcipi( wm) incurred a paid ~y 8aalc in enfordny this rwr~ fFr oocurnr~w af any d~{~uN.
My rwfice to IM~k~r shall bt svff'Kiemiy s~rwd fw all pwpos~s ff I~ft upon ar ptaqd in th~ rrwi~'ost+D~ PnWid, addnN~d b fM ~
prMtiff! ii fh! ~d~lff fhOw~ bllOw Or ifMy Of~Nt 1~l~t ~/p•p~~ink'i tl~Ofdf. _ k'
WMr~vK ihis rwt~ee a eu~cutsd bY a co-mak~r or endon~r wl~~i~i`tli~~wifs oi ~ mak~r or tnder~h, Mr said wih daes hK~by ~c,,_
pr~ssly acknowbdp~
tl+s withln debf u her joirM ~nd;7eld'Midtial s{tl,~f.• " ~ . '
E~ch of Mak~? acknowf~dp~s nwipl of • ccii+pl~tsd !!p'~ o~ ih~s Nott ~en• ~
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FBS 7T0 2/76 ~~1• ~~v~
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