HomeMy WebLinkAbout0010 J;..;,y~l ~rik It~1fTALUNENT NOTE ~
BANK NAM (sKYff~ qld UII{KY~ i
; ;x~~~c~cial ~t. , J~,.:~~ :~.~ch~l~ri.~?a pw: 81 = 2, 65'/ . ~0
LOCAT ION
Neh N~. Dat~d: AU t 2 l?., 19 _ ~
S T~~na: ~ ~ ~ '
a~««d, i . 2Z41,,00_..---- ~
- ----~.i.~cty (GU~_:~ont2~ . ciu~?~i s E15.,24___._-_ .
~
atter date the unders~gned, here~naite~ Zalled Make?, jo~ntly and severally Oocum~nt~ry
promise(s) tor value received to pay to the order of the 8ank, at ~ts otfice Sr+n+W ~
as listed above the sum oi (total ol paymenls). . Cr~dit Lih (or lif~
'iW'~ '1ii~1G,AT~ FTc~fT Hi F'IFTY-S~Z7PN A.'1i? 20/1.OQ d~ Dis~bi(ity) Ins.i ,
-
Oolt~n aM~ (itNnit~)
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.
with int~rost therwn ~I th~ r~r~ of ._.96 per a~num all _Dayable in :
_.bQ ~nthly iostatlmann af : 47tb~' •Z ° -
. . ~ach on tM _ dsy of •
•~ch suoctssiw month comme~+ci~q on~1~~u~r .~(Q. 19..~(i. toqe~h~r with i........__.__.._...---_-_•--
~ BALIOON P/1YMENT OF Due _._..._X__.. . 19 AMOUNi' Z ZAI
NNANC~ i . .__..._~.__...--r---_~._
A fin~ computed af the rat~ of =.OS per f1.00 0~ esch inst~l!r.?em in default tor ~~~~~siy collec~~d
a psriod in ~xcsu of 10 days may be ci~+rqed the Mske?. No such f~ne sha11 e:ceed ~~~~s (iteir?iie) '
s5.00. Maker is required to p~y aU coses of colleuiw~, includinp a reasoneble anor- ~
n~y i f~t if refe?red fw collection or leqal proceedi~qs. All payments. whether p~in-
cipal, inter~st a otherwise, nd roteived whan dv~ shall be~r interest at 109(~ p!r i---•------•--•--------•-----
annum from dw date until p~id. Atl p~yments mkie hereunder shell be uedited ~ ANNUAI ~ERCENTAGE RATE 1Q _ x
fint ~o interss~, then to tawful chuq~s then acc.~ed, ar+d las~ to prir,cipal•
If the loan is prepaid in tull, accelerated w refinenced, the Msker shell a: of the date of such event nc~iv~ s•dch reiu:~d of tM w?~
•~rned pwtio~ of fhs credit tils insurancs premium snd financs charfle and such other credit as m~y be rpuind by I~w ot ~s m~y b~
neceuary to avoid usury, provided that the Holder may retain a minim~m ii~ance cha~ge of s25.00, wFjtther a not otMrwiss ~arn~d, •
~nd except in the case of a refinancinp, no finance charpe o. premium refund sh~l{ be made if it amourts f0 Ieu th~n t1.00. R~ttnfion
of aMr minimum finar?ce ~hal! be in additio~ to service chsrge if sny. Any lanyusye elsewhere h~ro~n-to 1FN con~r~ry,notwifhsfandinq,
n~ither 8ank nor any holder hereof shall receive or reea~n any chsrqe or enterest not allowsd by I~w.
As security tor tF?~ payment of this nore Maker has ptedfled a deposited with Bank th~ followi prcpe~ty: . A. fl, d3~$ UT. V~C~B~
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.__`_~_23 _iii_.Cc~r~cl.. C-S~---A~. _?3a C--5...a.s..d~s:~rz.bed ird~~_ _
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(includinp all cash, stxk and other d~videncls and slt riqhts to aubxribe tor securities incident to, daci~red o~ qwnted in conMCtion with
suth property), which property, logetner with afl additions and subsri~u~~ons hereaiier ptad4ed or d~posited wifh Bank is calfed the Col-
tateral. The Collateral i: also pted9cd as security for alt other liabil~r~es to Bank, (primary, second~ry, direct, continqent, tole, jant or
seve~al), dus or to become dve or which mav be hereafter contracted or acquired, of each Maker (a of each AMker and arry other p~r-
•on). The surrender of this note, vpon payment or othe?•:: ise, shatl not affecf the riflht o( 8ank to nt~in tM ~ollaterel fa auch ot1+~r
li~bilities.
CREDIT iIFE AND CREDIT L1FE 3 DISABIIITY INSURANCE ARE VOIUNTARY AND NOT REQUIitEO FQR CREOIT. S~ch insutar?c~
covers~e is av~ilable at the cost designated below fo~ the term of ~he credit: (a) Z__...__..__.._..____ for Credi! ~Ih In-
surano~ (b) s . . for Gredit life 6 ~~sab~lity losurance:
Chsck
Appl. ? Credit life lnsurarxe is desired on the life of i
Box - . _ ,
_ . _ . B~rthdste `
Q Credit Life a Disabiiity Ir.surance is desired on
- - Birt af ~ - . •
. . . . . . . - •
~ Credit life and/w Qisability Insurence is not t~e . -•d - -
Oate: --r~'~~-.~.~- ~7.~ Seflnsture -h - . - '~2lf3iC G. ~.~j~~0
, • .
Si9nature h-- ~ ' - '
_ ~~~o
Additions ro, reductions a exchanfles of, a substitutions tor the Collaterel, yments on aoc n~ t is n w incr~asts of ths
same, a ofher Ioans made partiatly or wholty upon the Cojlat~ral, msy from r~me to time be made withovt ~ffetfinq th~ p~ovisions
of this note. Bank shall exerc~se ressonable care in the cu~tody end preservation of the Collateral to the extero req~ir~d by ~DP~~~{}~ ~
sqtute, and shall be deemed to have excrdsed reasonabi~ care if ~t rakes such xtion for that purpose as M~ker shell ~e~sonably rpwst t
in wri~inq,-but no omission to do any sa not requested b~y Make? shst! be deemed s failu?e to e:erciss ressonabte care, and no omis- q
aion to comp~y with a~y reqvesr of N1ake? shell of itself be deemed a faiturR to exercise reasonable ure. 8ank sh~ll not b~ bound fo
t~ke sny steps necesssry to prcurve a~y, rights in the Co!laterst against prior partiss and Maker shsll taks all necessary :t~ps for stxh
f II i it t'f.
i n lt int r t n ri i f an Co ate~~l r iv en no! te w h tes o i
' purposes. Bank or i1s nom nee ~xed ot co ect e es o or p nc pa o y o q e y pM
~ If the Collater~l shall at eny ~ime become unsatisfacrwy to Ba~k, Make~ sb~ll witnin o~e day after demand pltdpe snd dsposit
with Bank as W~f of the Cofistersi additional p~operty which is sat~sfsctory to Bank.
i If Bank deems itself insecure, a upon the happening of any of the foilowin9 events, e~ch of which shell constitute ~ default F~e- .
~ under, all Ifebilities of each AAaker to Bank shall thereupon or the?esffe?, at the option of Bank, wi+hout notice or demand, becorM due
~nd p~yable: (a) the failura of any Obligor (which term si,all mean and include each Maker, endorser, surefy, snd yusrantoj~ of this
~ note) to perfwm arry ~greement hereunder, to pay inte~est herew~ within ten d~ys after it is due, or if there be no due date, ah~r it
; is billed a otherwise requested or demanded, to pey any other t~ab~lity whstsoeve? to Bartk when due; (b) th~ death of ~ny Obli
i (t) the filir~q of sny petition under the Bankruptty Act, or any similar fede~af ot state st~tute, by or +painst uryr Obli~pr, sn s iu-
i tion fo? ths appo~Mment of s receiver for, 1he mak~ng of a~e nersl sss~gnment for the bcnefit of creditors by, or tF+s insolvency o any
E Obliyor, (e) the entry of a jud~e ment against any Obligo?; (fj the ~ssui~g of any ettachment a yarnishment, or fhe filirq of any lien,
~ aQ einst any property of any Ohlifla; (g) the tekinq of posxssion of any svbstsntial part of the property of a~y Oblipw at ths ir?sbnce
of arry 9overnmental aut(iority; (h) the dissolutio~, mer9er, consolidatio~, or reoryanization of any Obliqor; (i~ the essipnmeM by ar?y
Maker of sny equ~ty in any oi t!~e Collateral without the written conunt of the Bank. Each Obli9or hertby waives amr ~puirement of
notice or demand reflectiny sucb atteterarion insofar as str•h requiremenr be in sdd~*~~: ~o the rt?ere exercise of arry rtmedy affordtd in
this Note or the institution oi suit by the then holder. -
8ank shsll hsve, but shall not be }imited to, the folfowinq riohts, esr'. at which may be exercised at eny time wheth~r or nof this
note is d~e: (i) to piedye w transfer rhis note and the Collateral and °.nk shall thereupon be relieved of all duties and nsponsibiliti~s
hereunder and relieved from any and ell liabiliry with respect to -.~Y Collsteral so pledqed or transferred, and ~ny pl~dq~e or trans-
feree shall fw ill purposes stat+d in the place of Bank hereur'..r and have all ths riyhn of Bank hereunder; (i~ to transfer the wt~ole
~ or any part of the Col~steral into the name of ~tulf w its rvwninee; (iii) to vote the Coll+te~al; (iv) to notify ths OWi9as of arry Col-
tatsral to make psyment to B~nk of any amoums due or tu become due thereon; (v) to demand, sw fa, coll~ct, w make any compro-
~ mise a setllement it deerns desirable with reference to the Collateral; and (vi) to take tontrol of ~ny proceeds of Colliteral. -
~ Ssnk is hsreby qiven a lie~.upoe+ and e security interest in rll property of esch Obliyw now a at ~ny tims Mr~aftsr in th~ po~-
session of 8ank in any capacity whstsotver, includinq but not Itmited to any balance w share of ury dsposit, truaf, or~r+cy aaouM,
~ ai ths sec~~ity fw the payment of this ~ote, and s simi~sr l;en upon and security iMerest i~ all suchpr oper~y ot sach Maktr a securi1y
~ fw the p~ymenf oi all other liebilities of each Maker to Bank (includ~np li~bilities of each AMksr ~nd iMr otMr perton); and Sa~k shall
~ have the seme rights as to such p.operty as it has with respect to rhe Collateral.
~ If Bank deems itself insecu~e w upo~ ths occ~rrente of any default henunder Bank shatl have the foreclosure Md other r~aNdies
~ of a secured p~rty under the Unifam Commerci~l Code, w other applicable lew and, witFrout limitirp ihe yenerality of ttM forepoirp, P
Bank shall h~ve the riqht, irnmediately snd without further sd'+on by it, to set off ayainst this note all money owed by Bank in any u-
; pacity to exh or any AAaker, and if such set off shall occur, Bsnk shali be deemsd ro have exerased such ri9ht of set off •nd fo haw ~
~ made a char9e syainst any s~ch money immedistely upon the oaurrcnce of such default ev~n thouph such c~~qe is mad~ or ~nterd
~ on the books of Benk subseq~ent thereto. Unless tFu Collateral is perishabl~ or ihr~atens to dsclint tpeedily in valw or is of a 1yp~
` customuily sotd on a recoq~ized merket, Bank will. yive Msker ressonsbl~ notice of the tim~ ~nd plsce of ~ny public sal~ thend a of
~ the time eher which any private sak or any other intended dispo~ition thereof is to b~ mad~. TM rpuirsmeM of re~sonabl~ notip shdl
~ be met if s~ch notice is meiled, posts9e wspaid, to any Makn at the address piven below a at any Wher addross shown on the nc-
~ ordi of the Bank, at lesst five deys before the time of the sale or d~sposit;on. Upon dispositior+ of any Collater~l ~fter the oocwrena
~ of a~y defautt hereunder, Msker shall be and remain liable fot any deficiency; ~rsd Bsnk shsll account to _ A~iket fa a~ry surplus, buf
Bank shsll have tha ri9ht ta sppty all or any p~rt of such wrplus (er to hold the seme as ~ reservt punst) any~ind all other lisbilities
of each w~ny Maker fo Bank.
~ No delay or omi~sion on the ps~t of Bank in exercisiny sny ripht hereunder shall operab es ~ waiver of such ripht or of any ofMr
r riyht unde? this note. Presentment, dsmand, p~otest, notice of dishonor, and sxtension of time withoot notioe ar~ lxrtby waived by
n- aach snd ~very Oblipor. TFk Obliqors, jointly snd sevenlly, promis~ and syree to pay all costs of collsction and n~sonable ettorneys'
fees (not less thsn 10'/. of rhe p~incipal sum) incuned o? paid by Bank in enforcinq this nW~ upon ths occurrenu of a~y defau{t.
~ Arry notice to Nl~ker shel! b sufficientiy serve~ for all purpo~es if leh upon or placed in tM mail, prepaid, ~ddrts~d to th~ ~ •
premi~es at tM address ~Fwwn bebw w~ny tf~ ~ddress sfwwn on Bank's ncads.
~ Wherevsr this ~ott is e:scuted by a co-makr or N~dorsa wFo is the wife: s er a e s~r, t said wih dws Mr~by ~x- '
prsssly -acknowl~dp~_ the within debt as her jant ~nd .Ir~dividual debr. ;
~ E~ch of Malur aclcnowl~dqes rsuipt of a complefed wpy of this kot~ a+ d+t~. .
y Add eu ~n2 St ~t]:':3'L3Il ?~dY. ~.O
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