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HomeMy WebLinkAbout0003 , ~ " • _Cl F~:• i',.i}, INSTA~t~NT NOTE HANK NAME (S~CYt 1~ ~ UIfNCY~~d~ ? ; '=.al , ~i ~':r:~:'_ ~,•:i :t~ Du~: f 1------ 19~~ f 5, +,f IOCAT IpN " \ • NoN No. ~ DaMd: E~;1$liS'- ~ a 19 7(j - ~o+~ T~rms: } Pfocesds : ~r~ 2 . i; ~ . . • - ~ NNANCE t - . ~-.r.~'.: l ..tif?...._._ # . ~~.K._1 ~b~~_ .t7T`,t';S _ . - _ CMARGE - - . . after date ihe undersignEd, hereinaiter called Make~. ~o~nUy, and severally Oon,rne~t~ry = prom~se(s) for value rece?ved lo pay to the order oi the Bank, at its office S~amps as I~sted above the sum of (total o( payments) . . Credit life (or lih - _ , ~ ~i''~"~t>~~:i~~ `~T`.~i.~: : ii:'~'..u'Ftl'.1) ~l~z~'"`ti-f!''~tZ:=.i: ?i:`:~ S~~r'100 d~ Disability) Ins.i ~---.._..---•--1----- . . . . . . . . . - - - ~v~.e•t !i~ t..t - - - - - _ - _ _ v , e-~a . . . - - - . . - Ooltars _ . with inteiest thereon et the rote of ~7 . 96 per ennum. a11 payabk in s - • rtwothly instal ImeNy of s. C~ b each on the day of essive mo~th commentiny on ~'1~ . ~ 7 . 19 l.C• . tope~her wi~h . - - • • BAI~~ON PAYMENT OF i- .~~iC}YaL . _ _ Dus _ .X_ AMOUNT .19. 4 fc2 C~ NNANCEO i . A fi~e computed at the rafe~of s.05 per =1.00 on each instal~nent in default tor ~~~ately colieded a period in excess of 10 days may be charged the Maker. No such fi~e shall exceed s5.00. Msker is required to pay all costs of collection, inciuding a ressonable anor- charges (i~emize) ney's fse if referred for collection w Icgat proceedings. All payments, whether prin. s tip~l, interesf ot oth~rwise, not received when due shall beer interest at 10°.'e Per i.__ % a~num from due date until paid. AII payments made hereunde? shall be credited ANNUAI PERCENTAGE RATE __1~_ firsf to interesf, then 10 lawi~l charges then accr~ed, and last to pr~ncipal. N the loan is prepaid in fuU, acceterated or refinartced, the Maker shall as of the date of such event receive s~xh ?efund of th~ un- aarned portion of the credit life insurance premium and f~nance charge and suth other credit as may be required by law w may b~ r~eceuary to avoid usury, provided thet the Holder~sy reta~n a min~mvm finance charge oi s25.00, whether w not otharwise tarMd, snd except in the case of a refinandng, no finan<e charge or premium refund shall be msde if it emovnts to less tMn 51.00- Retention of any mi~imum finance shall be in addifion to xrvice charge if any. A~y lanquape elsewhere herein to the contr~ry notwithstMdinq, neither Bank nor any holder hereof shs1l receive o. retain any charye or interest no1 allowed by law. As security for the payment of this note Maker has pledged w deposited W~~h sa,k ~r,e roooW~~ ~oo..y: .4, 07ti98 Vj.C.Sd ~.::~-;r~~ i..~ . . ;~Li~+-.,~c. ~:~i. !-:~x~i~; ' ' C ~~~?~31 ' - ' __~j . ~ - _ . . - - - - - - - , ~a - - j~ y - +~..LI 'S~1 y~l~elt ~"~~J :1iC?it . :-1~~.. 1~~.+`i..7 _G,:~ ~ :i~ LJE:[.F_ J,.n. ,'r..l~1_U ~C~g. ~ i ° '.rln.I'_ _ ' (including sll cash, stock and other dividends and all rights to subxr+be for securities incident to, declarec~or 9nnted in tonnection with stxh p~operty), which prope+ty, tcgether with ali add~tions and substituticrs hereafter pledged or depositfd with Bank is called fhe COI- lateral. The Collatpra~ is also Fledged as SKVri?y (p alI o~her liabil~ties to Ba~k, (p.imary, seco~dary, d~red, contin9en~, sok, joint w severaq, due or to become due or which may be fierea~ter contracted oc acquired, of each Make? (a oi easi+ Malcer end any othar psr- sa+)_ The surrender of this nore, upon payment or o~he.w~se, shslt rrot affect the right_ of Bank to retair. the Collateral fo? such other liabilities. CREDIT LIFE AND CRE~IT LIfE 6 ~tSABIIITY INSURANCE ARE VOtUNTARY AND NOT REQUIRED fOR CRE~IT_ Such inw~anoe coverage is ave~tsble at the cost designated betow for the term bf the credit: (a) for Credit Life In- suranee (b) S _ _ . _ fw Cre~it life 3 O~sab~lity Insurante: Check Appl. ? Credit tife Insurance is desired on the liFe of . . . - Box - - - _ . Birthdate ? Cred~t L~fe 6 Disability lnsurance is desired on ~ - - - - - - - - B+rthdste . _ _ . - _ - - - - [,f•Credit life and/or Disability Insurance j4 nOt dtsired ~ - - - r. , Date: -~--_-1 ~ . Signature ~~;.~r . ~ iY ' , iU L~~ _ ~&:GS ? u~~El,ai7~1 i Signatu~ - ~ r ~ ~ i / . - ~ f - ~..f __,.'~Cl'". Lt?ll y~.'C~ ` ,'k--- r - Additions to, reductions or exchanges of, or substitutiofis fc~ the Co~lareral, psyments o~ sttount of this !oin w incrQases Of the i same, or other loans mede part~atly or wholly•upon the CoIlatcial, may from time to time be made withovt affecfiny the provisions ~ ~ of this note Bank shall exercise reasonabte care ~n the custod bnd prese?vation of the Collste[e to xteet re uired by ~ppliubls ~ ~ statute; and shall be deemed to have exerciud reasonalil! care i{ it take~ sucfi action for that pu~o ~g er sh~ll reasonably rpuesf in writinq, but no omission to do any act ~ot request~.by Maker shatl be deemed p failu?e to/exe ~se reasonable care, and no omis- sion to comply with any request of Make. shall of ~tse~ be,dtemed a failure to exerciu reasonable csre. Ba~k shall not be bovnd to ~ take any steps necessery to preserve any rights in ihe'tollaterat against prior pa.ties and Maker shall take all necesssry steps fw s~ € purpoxs. Bank or its n~minee need not collect interest or~ o• princfpal of any Collate~al or grve sny notice with respect to if. ~t ° , ~ If the Collateral shall at any fime become unsaristactory te Bank, Maker shall wi~hin orx day after demand pled~e a~d ~eposi~ with Bank as part of the Coltateral additfor.a~ p~operty which is satlsfactory to Bsnk. - - If Bank deems itself insecure, o+ upo~ tfie happening of any of rhe following events, each of which shall constitute a default hefe- ~ under, all liabiliries of each Maker fo Bank sfiall thereupon or thereafeer, at the option of Bank, without notice or demand, becorns due ~ - and payable: (a) the fail~re of any Obtigor (which rerm shall mean and inc!udc exh Maker, endorser, surety, and guarantor of this ~ note) to perform any sgreement hereunder, to pay inte?est hercon within ten days after it is due, or if there be ~o due date, affer if ~ is billtd or otherwise requested or demanded, to pay any other liabil~ty whatsxver to Bank w?en due; (b) the desth of any Obliyw ~ (c) the filing of any petition under the Bankruptq Ad, or any s~milar federal or stete statute, by or syainst any Qbligor; ~ applita- g fion for the appointment of a receiver for, the making of a general assignmenf for the benefif of treditors by, or the insolventy of at~y Obtigor; (e) the entry of a judgement against any Obligor: (fl tix ~ssuing of any attachment a garnishmenf, or ihe filirq of any lien, againsf any property of any Obligw: (g) the taking of possession of any substaMiai part of the property of arry Obli9or af fhe inst~nte ~ of any governmental authority; (h) the dissolution, merger, consolidation, o. reorganization of any Obliyw; (i) the assiynment by sny Maker of any equity in any of the Collaterel without the w~nen consent of the Bank Exh ObliQor hereby waives any requireme~f of notite or demand reflecting such acceleratio~ insofar as s~rc requirement be in addition to !he mere exercise of arry remedy afforded in this Note or the ins~itution of svit by the then holder. ~ Bank shall have, but shall not be limited to, the following riohts, each of which msy be exercised at any time wfiether a not this i nott is due: (iJ to pledge w transfer this note and the Collateral and Bank shall thereupon be relieved of all d~fies snd res~wr?sibilities ~ ~ hereunder and relieved from any aad all liability with respr,t to any Collateral so p~edqed or transferred, end aoy pfsdyee p frens- feree shall for all purposes stand in the place of Bank hereunder and have all the rights of 8ank here~nder; (ii) to trsnsfer the whob ~ w any part of the Collatera~ into the name of ~tself o? its nom~nee; (~ii) to vore the Colls!erol; (iv) to notify the Obliqors of sny Col- ~ lateral to make payment to Bank of any amounts due or to becane due thereon; (v) to demand, sue fw, coI1M, or mske aoy compro- ~ miu or set:lcment it dcems desi.able with .eterenct to the Collateral; and (vi) to take control of ~ny pq~eeds of Collateral. Bank is hereby given a lien upon and a secur~ty interest in all properry of esch Obliyor now or at any time hereafter in the pos- ; ~ seuion of Bank in any capscity whatsoever, irxluding bvl not limited to any balance or share of any deposif, trusf, waye ncy aaovnt, ~ ~ ss the security for the payment of this note, and a similar lien upon and security interest in all such property of each 1N~ktr ~s sscuri~ ~ fw the payment of all o~her ~iabilities of each Maker to Bank (including liabilities of each Maker and amr other psrson); snd Bank sM 1 have the same rights as to such p.operty as it has with respect to ~he CoHateraL = If Bank deems itulf insecure or uoon the «currence of any defa~~t hereunder Bank shall hsve the foreclosure and other remedies - of a sccured party unde~ the Uniform Commercial Code, or other applicable law and, without limiting the qenerality of the foreqoinq, Bank shall hayp the right, immediately and without further adion by it, to set off against this ~ote all money owed by Bank in any u- - pacity to each w any AAaker; and if such set off shall occur, Bank shall be deemed to have exercised such right of set off qnd to h~w made a charge aqainst any such mo~ey immediately upon the acur.ence of svch default even thoiph such chsrye is made or enttred on the books of 8ank subsequent the.eto. Untess the Collateral is perishable w threatens to decline speedily in value or is of a typ~ ~ cvstomarily sold on a recogniztd market, Bank will give Maker reasonable notice of the time and plate of any publit sak thereof a of = the time aiter which any private sale or any other ~roended dispos~tion thereof is to be made. The requirement of reasonable notice shall be met if such notice is mailed, postege prepaid, to any Maker at the address given below or at any other addr~s shown on the rot- ords of the Ba~k, at ~east five days besore the time of the sale or d~sposition. Upon disposition of any Collatere aher the ou~rrence ~ " of any default hereunder, Maker shali be and remai~ liable for any de~iciency; and Bank shsll account to Maker for any surplus, bu1 ~ Bank shalf have the ?~ght to app~y all w any part of such surplus (or to hold the same as a reu~ve ageinst) any and sll other liabilities ~ ; of esch or any Maker to Ba~k. No delay or omission on the part of 8ank in exe.cising any right herevnder shsll operate as a waiver of such r'~yht w o( sny othsr ~ ~ right ~nder ~his note. Presentment, demand, protest, notice of dishonor, and extension of time withovt notice are hereby waived by . `Y exh and every Obligor. The Obligors, joi~tly and severally, promise end agree fo pay all costs of collection and reasonabk sttorneys' ~ fees (not less than 1096 of the principal sum) incurred or psid by 8ank in enforciny this note upon ths oaurrence of any defauk. ape prepsid, addresssd to fhe ~ Any notice to Make. shall be suificieMly served for ell purposes if IeR upon or placed in the mail, post ~ premises at the addrcss shown below or eny other address shown on Bank~.~ords. _ ~ Wherever rhis note is executed by a co-msker or endor~er wfio ~s th~iivif~ of a meker or endorser said wifs does heroby ex- 's ~ pressly scknowledye the within debt as her joint and individwl debt. ~ , Exh of Maker acknowledges receipt of a completed copy of this~Notr on the sbove ~ fl • ~ . _ , , ~ ~7 Address• " l)6 { U. ic3~ :~,~d ~ Y ~:sL.~ Lt` (~M • - ~ - • - ~ - - - _ ~ <ir:~rr,~.za~ _~lt~xa.:a ; 3- ; '~~~..s r . a.. J ~ ~-J - • ~ ~ ~ ' - ----~-r- - y: ~ as »0 2 b~a~l~ i~~~1 '~;~_1 c~r~ . ~ . ' , , ~ - v.