HomeMy WebLinkAbout0016 ,;.~i .3t:l: 1!lfT/UIMLNT NOT~ -
~ BANK NAME • ISK~I?~ N1~ U11M~Yf~Ifi
. 'r~ •,-.,:3;z.:~~ ~ >t. , J•::;~~~t '"r~~~ .r}:, i'T OY~: ~7 81 = ~a~'' •`''i
LOCATION
No+. No. ~ cd.a: ~ 0;5 #~o.n T..m.: ~ 4 s o. o ~
--~',r+-~-1= ~ ProtMda f _ . ~
~ HNANCE 237: ~iQ~"
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._~~.~Xt~_l~i~.::]]nau.a..._- _ CMAROE
after date the undersigned, hereinatter called Maker, ~ointiy and severally Docum~ntary = ~
promise(s) ~or value retei+ed to pay to the o~der oi the Bank, at its otlica SramP~
as listed above the sum of (tolal oi payments)... Cr~dit Uh (or Uh
..I`~ R..~~~.~_~~f~"~I_ t~;~?__.F~1_.. ~~.~.~'~1~ A+~tD 4(?/~.O~J___.._...___ i~ ~isability) ins.=
Othe~ (itemiu)
_
- Dol lan
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with int~nst th~no~~ at th~ r~t~ of y^_~~~ ---.--9L psr annum, all p~y~bl~ in =
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mor+thly instdlments of i_~1.~...,~,,.~. . each on the d~y of
~ i
~~th suatssiw month commtncinq on -~..~.--l.-J..-------. 19.`~~--. . foqstMr with ~ ~
u~ouNr u :~80 ~o
• BALLOON PAYMENT OF Oue 19 FINANC~ 3 . ....-----.s.-•••-•-
A iin~ computed et the rat~ of s.05 per j1.00 on each instsl!ment in dsiault fa ~~r~t~ly coll~d~d
• period in exc~ss of 10 days msy be ch~rped the Maker. No such fine shall exceed ~~rq~s (it~miz~).
=5.00. Mak~r is required ~o paY all cost= of collec~ion, incl~dinp a re~sonablt ana-
nsy's ha if rofsrred fw collection or lepal proce~dinps. A~I p~yments, whether prin~ 3..-.'..--•~---•..
cip~l, infenst w otherwiss. not nceived when dvs shall bear interes~ a/ 1096 p~r i------~--••-•--.._.________.
annum from dw date until paid. All payments made hereunder shsll be creditsd ANNUAL rERCENTA~iE RATE 9f.
fint to intersst, then to lawful chu~s then accruad, +nd last to principsl.
If tF+~ lo~n is pepaid in full, acceterated o~ refinanced, tM Nlaker shal! ~s of the date of such tv~nt riuive such nfund of the un-
earn~d portion of the credit lifs ins~rance premium and finance charye and s~ch Wher uedit +s may be rpuirad by law a a~ n~ay b~ ~
twtesssry to avoid usury, provided that the Holder msy ret~in a minimum fina~ce tMrqe o! s2S.00, whetMr or ~+W ofMrwis~~~~~Md,
u+d excepf in tfie case of a refin~ncinq, no finance charqe a p~emium refvnd shall be mds i1 it ~mounri to I~ss th~n i1.00. RtttMion
of any minEm~m fi~ance ahall be in addition to service chatfle if any. Any lanq~ag~ elsewhrre Mrein to tF» oonfr~ry notwiflnfMdinq,
n~itFwr Baok nor any holdsr herwf sh~ll receive o? ret~in amr charpe or interest nat al~ow~d by I~w. A O OT69$ ~
As aecurity for fM psyrr~t of this note Maker has pledped or depo~ited with Bu?k tM followi
,
' : ~~rp.at . . e ~f Cond~:wli_u:~ _I., i~o~:t~d in 0. R. - - .~~__2~31. : . i~~' -
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~.,~~I in ^~.^n~3. C S A.'3t I~tc~. C-6 as ~esc.:riLed ~.n sai3
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(includinp all cash, stock ~nd other dividends and ~II riyhts to subscribe for securities incident to. d~claM•w q~~ntsd in conrnction with
such property), which property, toqether with all sdditions and svbstihn~ons l+eresfter pledyed o~ d~posit~d with lsnk is call~d tM Cd-
lat~ral. Ths Collatersl ia elso pledqed as security for all other liabilities to B~nk, (primary, seco+?dsry, d~rscl, continqtnt, wle, joiM or
sawrsl), dus or to bacome due o. which may be hereafter contracted or scquired, of each Meker (w of each Maker ar+d sny Wh~r pK-
son). TFw surrender of this note, upa? payment or othe.wiss, shall not a(fen the ?i9ht of Bank Io retain ths Coll~t~ral tor tuch otMr
li~bilitits. •
CREOIT LIfE AND ~REQIT LIFE 3 DISABIIITY INSURANCE ARE VOLUNTARY AND NOT REOUIRE~ FOR CRE~IT. Such insur~no~
towrspe is awil~Ws at the cost designated bebw for the term of ~he crsdit: s__-..------------------•--•-•----•-•-----~ fot Cttdit lif~ lo-
sur~ncs (b) t------ fw Credit life 3 ~isabiliry lnsurance:
Chick s
AppL ~ Gedit life Insu~ance is desired on the life of
Box
~ Birthdate -
~ Credit Life b D•.ssbilily Insurante is desired on
Binhdats .
Credit life and/or Dissbility Insurancs is not desired_ --------a---.___._....-- •
Dats- ~~3:iC~---~;i Si9naturo --~-------...~~~:=:::-=----=--=----_::~~.W.-k_•_.'_-::~ ~~3E'.2'~f6.~.d
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~ Sop~iia A. Ras~~feld
Si~n~twa. :
Additions to, red~ctions a exchanqes of, or substitutions fw the Collateral, payrt+enri on saaint ai this loan w increa~s of tM
ssme, w ofher toa~s msde partially or wholly upon the Collatersl, mey from time fo time be mde Wifhout affecfirq fFii,_ provisions
' of fhis note. Bank shatl exercise ~easooable care in the custody and preurvstion of the Collateral to thi e:tsM requir~d by applicablt
~ statute, and shall be deemed to have exerc~sed reasonabla care if it takes such ~ction for that p~rpose as Maker shall nasonably.raqVest.
in writinp, but no omiuio~ fo do any act not reQuested _by AAaker shall be deemed a f~ilwe to exercise reaso~able care, and rio omi~-
j sion to comply with ~ny ~equest of Meke~ shall of itself be deemed a fa~lure to exercise reaso~able uro. Bank shdl not b~ bovnd fo ~
i taka any steQs nacesssry•tc preserva any rights in tF+e Collatersl aqainst~[ ~o~ parties and Maker shall take ell e~ecessary ~bps for wch
; purpos~s. Bank or its nominee need not collect interest on or p?incipsl of"any Collatersl o~ give any notiu with respM to it.
~ If the Colleterat shall st a~y time becomc unsatisfsctwY to Bank, Maker shail wi!hin one day after demand pledQ~ and deposit
~ witF#~nk as part of the Ccllatsrsl additionsl oropert~r which is setisfsctory to Ba~k. .
~ Bsnk deems itself insecure", w vpon !he happening of a~ry of the followinq events, each of which shslt cautituM a default hKe-
~ under, all liabilities of each Maker to Bank shsll thereupon or thereairer, at the option of Bank, witF~out notice w dsmand, becane due
snd payabk: (a) the faif~re of any Obligor (which ~erm shall mean and include exh Maker, endoner, surety, and quanntor of this
~ rwte) to perform ~ny sqreement hereu~der, 1o pay i~terest hereon within ten days after it is due, or if there be no due date, afta it
~ is billed or otherwise requested or demanded, to pay ~ny other li~bitity whatsoever to Bank when dus; (b) the de~th of ~Mr Obl
K (c) the ~ilirq of sny petition under the Bankruptcy Ad, or any similar federel w stete statute, by oraq ainst uh? Obliyw; ~n iu-
~ tior`for the appointmeM of a receiver fw, the makiny of a neral assiynment fo? the benefit of crediion by, a ths insolvency o a~y
Obli~or: (e) the entry of a i~dqement against eny Obliyor: (~ths issuing of any attachment a yernishment, a the fi:inp of ~rsy li~n,
ayainst ~ny property of sny ObS' or; (01 the tekircq of pouession of any siibstantial p~n of ths property of any OblipOr at the instaon
of any pover~mentel euthority; (h~ the dissolvtion, merqer, consolidst~on, ar rewgsnizetion of any Obliqor; the auiynn+ent by ~ny
Maker of eny equiry in any of the Cotlaterel wi~~.e~t ths wrinen consent of the Bank. Esch Obli9or heroby waivss any r~quir~ment of
~ notite ot demsnd reflectin9 stxh acceleration insofar ss such requirement be in sdditia? to the mere exertise of any r~medy ~fford~d fn
~ this Note w the institvtion of suit by the then holder.
Bank shall havs, but shall not be ~imited to, the followirp riohts, each of which may be exercised ~t apy time whtther or no? /F?is
~ note is due: to pled9e or trsnsfer this note and the Cotlarerat snd Bank shall thereupon be rolieved of dl duties and responsibilities
hereunder and relieved from any and all lisbility with respect to ~ny Cotleteral so pledyed or tra~sferred, and n+y pl~dq~e o~ tnns-
~ feree sh~lt fw all purposes stand in the plsce of Benk hereunder and have all the r' hts of 8ank hereunder; (i~ to trarnf~r the whol~
~ or any part of tF+e Collatersl into the nsme of itself or its namin~e: (ii~ f~ vote the ~ollate~at; (iv) ta notify tM Oblbors of any Col-
~ latersl to m~ke payment to Bank of a?~y amounts due or to becomt due 1Mr~a+; (v) to demand, we for, oolled, br tn~ke ~r~y can+pro-
~ mise w settkment it deems desirabk with reference to the Coll~teral; and (v~ to take control of any proceeds of Collatea!
Bank is hereby 9ive~ a lien upon ~nd e sec~rity interest in all propeAy of ~ach Obl'~yo~ now a M~ny timt h~nafta in th~ poa
1p
e seuion of Bsnk in sny upacity whatsoever, includinq but not limited to sny bala+a or shan of ~Mr d~Posit. fnist, or accou^f,
~ as the security fot the payment of this note, +nd ~ simiiar lis~+ upa+ snd s~curity inter~st i~ all such proptrty of ~ad~ IN~ as ~
- for the payment of all other li~bilities of e~ch M~er ro Bank (includinq liabiliti~s of eech Maksr ar~d srly othsr p~rwn); and Bank ~i» ~
have the same ri9hts as to such p.operry ~s N has with roipsct to the Cdlat~raL
If Bank deems itxlf insecure w upon the oocurrer+oe of any dsf~utt hereurder B~nk shall fiav~ ths for~ciotwe and othtr r~trndi~s
" of a secured party vnder the Uniform Commercial Code, or other applicable law ~nd, witho~t timitinq tM ysnsrdity of the foreqoiny.
Bank shall have the riqht, immediately and without further ~cfion by it, to set-off ayainst this note all money ow~d bY 8+ok in~~rry q- _
~ pacity to esch or a~y AAaker, and if s~ch set off shall occur, 8ank shsll be deemed to have exerased sucF?ny1+t o# se! off ~nd to haw
3 made a chsrge painst ar+y such moneY lmmedistety upon the occurrence of suc1+ defsvlt even tlw~ph such chuqt 1s madt w entend
o~ the books of Bank s bsequent thereto. Unkss the ~dlate~~t is perishabN w thrs~Nns to declir» sp~edily in vslw or is of ~ typ~
custarearily sold o~ s reco~nizsd msrket. Bae~k will qive Maker reaso~abls notiae of the tim~ ~nd pl~oe of any publk sal~ tFwreof or of
~ the time after which any priwte sak a a~y other inttnded disposition thenof is to b~ mads. The r~quirement of roaaonabl~ notia~ sM~~
~ be met if such notice is mailed. poatsq~ p~sp+id, ro u+y Maker N the ~ddress yiven below or ~t any.other ~ddnss shown on tM nc-
~ wds of the Bank, et least five dsys before the time of the sslqor disposit~on. Upon dispositia~ of any Coll~terel a8e~ the oavrrena
af arsy drfavlt F.ereunder, Maker shatl be ard remai~ Itable for any deficiency; snd Bank shdl acco~M to Malw fa arey surplus, but
Bank shall have the riyht to apply atl w any paA of s~ch surpl~s (or to hold the sams as • reserve aqainst) any and all WMr li~bilitits
~ of each w any Maker to Bank.
~ No del~y or omiu~acn on the p~rt of Bank in exe?cisinq smr riqht hsreunder sh~ll optrat~ as ~ w+iv~r of such ~iQht w of any otFwr
~ ripht undsr this nofe. Presentment, demsnd, protest, ndtict of d~shonor, and ext~nsion of tirr~ wifhaA notice u~ txrtby w~ivad by
esch and every Obliqor. Ths Oblipon, jd~Ny and sev~nllY, promiss and proe to pay sll costs of cdtNlion ~nd n~senible attorn~ys•
~ fee: (not leas than 10'J6 of the pr:ncipal sum) incurred or Wid bY B+nk in ~nforcirq thls nW~ u~ th~ oavrreno~ of ~ny d~f~ulf.
Any notice to Maker sh~ll be svfficieetly serwd fw all purpoa~s if I~h upo~ a plac~d in ths mai , pos~aye pr~pdd, addr~ss~d ro ti»
~ premises st tF» eddress shown below or ~ny other addras shown a+ 6+nk's r~cads. ^ -
~ Wherever this note is ex«uted by a coanalc~r a~ndorser who is tM wih of ~ maker or ~odws~r, the saW wih dws Mc~by ~x•
~ pressly ecknowledp~ the withir~ debt a her jo1M ud indlvidval debt. '
Each of AAsker acknowt~dqss r~ceipt of e compltted t,op~-o4 thb f~a~ m 1M abov~ dat~-
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- 80GX~?~l0 AGE _ i_; ~