HomeMy WebLinkAbout0028 ' - ,
;
`1~.y~,n ; ~~<,~;:ii INSTALIMENT NOTE ~
HANK NAME - , rA ~~~L (~CY?~ and UnNCUnd) .
~
~o ~:cr,-+~~~.~ci_31 i~~.1 J~~ t~,cr, Fi, o~.: -
r 19$~~.. s
LOCATIpN
lo~n Tsrms:
Noh No. _ Dat~d: . 19 4, AQ~. C0
, , P~«eeds i . . . . . . . .
------~.Xt~t_ .(.Q~Z..a'"bil~. HNANCE l. [3Z.~0
_ . " CIiARGE _
_ . .
a(ter date the undersigned, hereinatte~ called Maker, ~ointly anC severalty Documentary =
promise(s) for value received to pay to the order oi the Bank, at ~ts otfice Stamps . f
as Iisted above the sum of (total ot payments) Crodit life (or Lif~
'I~iOL~'VU. SI:VF~I__ H'~.nUT~~~_'1~3I?~`.S'~~'~I, ~'D_ $O110Q-~.,...•_------_-~_ ~d~ ~isabil'h?) Ins.i .
- - - ~
Oollars ~r (iqm'ze)
- . _ . . _ . . . _ _
f _ ,
with interest thareon at the rote of ~.U~ 96 per annum, all, payable in
~ . s
. monlhty instaliments of S~„j. 1~ each on the $t, day of -
each suaessive month comra~ncinq on L ~ , 1 . t ether wifh ~ : ~ .
~J~ ~ ~ ~ AMOUNT
a BAUOON PAYMENT OF i ~-~t . _ _ . Dve _ _ . _ - - - . - . 19 _ . _ _ . FINANCEO = ~ ~ HZ . Ofl
i ~
_ .
J? #ie~e canp~ieo si ine raie oi i.GS per ai.vC~ on eacn ~nstai~meni ~n deiauif ior ~~rately collected
e period in excess of 10 days may be chsrqed the Maker. No such fi~,e shall exceed
55.00. AAaker is reQuired to pay all costs ef collrc~ion, including a reasor~able a~ror- chsr~es (itemiie) s
ney's fee if referred for coltettion or leqat proceedings. All psymenls, whether prin-
cipal. interost or ofherwise. nm received when d~e shall hesr interes~ at 10°~'s per i
annum from dve date until paid. All payments made hereundcr shall be cred~ted ANNUAL PERCENTAGE RATE Z~____, ~f,
fint to interesf, then to lewful cha.yes ~hen accrued, and lasr to pri~cipal.
If the loan is prepaid in fu{I, acceterated or refinanced, the Maker shall as of fhe date of svch event receive tuch refund pf thf un- ~
earned portion of th~ credit lite insurance premium and finance cha+ge and such o~he. credit as may be requ~red by law o? as m~y b~
necessery to avoid vs~ry, provided that the Ho{der msy rerain a minimum finante charge of 525.00, wMther or not otFNrwise eanNd,
and except in ~he case of a refin~ncing, no f~nance cha.ge or premium refund shall be made if it amounts to less than t1.00. Rehntion
of any minimum finance shalt be in addition to serv~ce charge if any. Any lanyuaqe elsewhere herein to the tont~ary nofwithstandinq,
neither Bank nor any holder hereof shsll receive or retain any chsrge or interesr not allowed by law.
• As securiry fw the paymeM of this note Msker has pled9ed a deposited with Bank the fotlowirq p?operfy_ ________...__..T_..___
- - - _ - -
, ~ > .
.R _ . .._s.- ~
(includinq sll cash, stock and orher dividends and aIl r~ghts to subur bc tor secu.risies Jnader~t to, declared w yranted in con~ecti with
such property), which property, toqether w~th a~f add~t~cns and subst~tu+~ons hereafter ptedged o? deposited with Bank is cslled, tAe Col-
lateral. The Collaterel is also pfedged as securiry for all other I+abili+ies to Bank, (p.imary, secapdary, d~rect, continpent, sote, joint a
severaq, due w to become due or which may be he~eafte~ cont.acted or acquired, of each Maker (w oi esch Maker and a~y other ptr-
sonL The surrender of this note. uoon oavment or ocherwise, shall not affect the .it~ht of Bank to retain the Collateral fw such othe~
liabilities. -
CREDIT LIFE AND CREDIT ItFE 3 DISABILI7Y lNSURANCE ARE VOIUNTARY AND~NOT REQUIREO FOR CREDIT. Such insurant~
coveraqe i} availsble at tFe cost designared below for the tcim of the credit: (`a) S_ for C~edif life In-
surance (b) i _ . _ for Cred~t l~fe 3 ~~sabiliry Insurance:
Check
Appl. ? Credit tife Insurarxe is desired on the life of - .
Box _ _
- _ _ . - _ . Bi?thdate ~
? Credit tife ~ Disability Insurance ~s desired on _ . . _
- . _ - - BiAhdate _ _ _ . _ -
~
. . ~j! r
Credit life and/w-~rsability tnsurance ~s r.ot; js~red. ~
Date: . ~,qt .3 r ~.97f Siynature . ....f,_~ - '~.r-~i-»r---`u```~ Jc~.~h J. `I~1~II~t~BY'
_ " 1Y s '
-
:
r ~ , .
- -
Siynature ...:_-+„~:,-/ti-~~:~..---....... /',~:.-sc.~...'1y:":!T_-~~ M+
Additions to, reductions or exchanges of, w svbstitutioni foi t(ae Coilaterat, payments on acc ~ t qf this loan pr incre~ses of the
ssme, or other loans made partiatly or who~ly upon the CoVlateral, mny from time fo time be ~ wifhout affactiny the provisions
of this note. Bank shall erercise reasonable care in the custody and preservation of the Colfate~~lo the e:tent required by appliuble
, ststute, and shail be deeme~ to have exercised ~easonabte care if it eakes svch action fo. that purpose as Maker shsll reasonsbly roputst ~
in writing, bvt no omission to do any acr not requesred hy Make. shatl be deemed s faiture to exercise reasonable rare, snd no qnh-
sion to comply with any request of Maker shall of itself be deemed a failure to exercise reasonab~e care. Bank shdl not bs boursd to
take any steps necessary to preserve any r~ghts in the Collateral against prior parties and Ntaker shall take al~ necess~ry stepa for such
purposes. Bank or its naminee reed not collec! interest on or pr~ncipat of any Collateral or give any ratice with ~espect fo it.
If the Collateral shall at any time become unsatisfectory to Bank. Maker shail within one day after demand pledge and depc>sif
i with Bank as part oi the Collateral add~f~onal property which is sstisfactory to Bank.
! If Bank deems itself insecure, or upon the happening of any of rhe following events, each of which shall coostitute a defsult hera -
~ under, all liabilities of each Maker to Bartk shalF thereupon or the~eafter, at the option f Bank, without notice or demand, become dw
E and payable: (a) the failure of any Obligw (wh~ch rerm shalt mean and inctude exh~ker, endorser, surety, and gvar~ntor of this
~ note) to perform any agrecment hereunder, to pay interest hereon within +en days after it ~s due, or if there be no dve date; after it
is billed or otherwiu iequested or demanded, to pay any other ~iabil~ry vvhatsoever to Bank when due; (b) the desth of a~y Obl~'qor
; (c) the fi{ing of any petitio~ under the Bankruptcy Act, or any similar federol or state statute, by o~ agaiost any OWigor, an applica-
` tio~ for the appointment of a receiver for, the making of a gene~e{ assignment for the benefit of cred~tws by, a the insolvency of s~?y
~ Obligor; (e) the entry of a judgement egairst a~y Obligor: (f) the issuing of any attachment w yarnishmenf, or the filiny of erry lien, -
~ aflainst any property of any Obligor; (g) the taking of possessio~ of any substantia~part of the property of any Obliqor ~t the insranoe
of erry governmentsl authority; (h) the dissolution, merger, consolidatian, or reorgam=ation of any Obliqor; the suiqrerrxnt by any
~ Maker of any equity in any of !he Collatera4 without 1he written consent of the BanE. Esch Oblipor hereby waives arty requiremMf of
notite or demand reflecting such acceleratiort insofar as such rtq~irement be in addition to the mere exercise of sny remedy affOrded in
~ this Note or tke institution of suit by the then holder.
~ Bank shall have, but shal( not be limited t~, the following riohts, each of which may be exercised at any time whether or nof fhis
note is due: (i) to pledge or rrar.sfer this note and the Colla~e.al and Bank shall thereupon be reliaved of all duties and responsibilities
~ hereunder and relieved from any and all liabil~ty with respect to any Collateral w pledyed or trsnsferred, and any pledqee or trens-
fe?ee shall for all purposes stand in the olece o~ Bank hereunder and have all the rigfits of Bank hereunde?; (i) ro transfer the whok
w any part of the ~ollateral into the name of irsetf or its nominee; (iii) ~o vote the Collateral; (iv) to notify the Obligas of any Col-
~ lateral to make payment to Bank of any amounts due or to become due thereon; (v) to demand, :ue fa, colkd, or make ~~y compro-
~ mix or set:(ement i~ dcems desirable with reference to the Cotlateral; and {vi) to take control of any praeeds of Collateral..
r
Bank is hereby given a lien upon and a security interest in ali propeAy of each Oblipor now a at any time here~fier in the pos-
~ session of Bank in sny capscity wharsoever, including ~~t not limited to any balance o? shsre of eny deposit, tnnt, w s~sncy accouM,
a as the security fw Ihe payme~t of this note, snd a similar lien upon and securiry interest in all suchpr operty of eJth /Naker as sac~r~fy
~ tor the paymcnt of all other liabilities of each Maker to Bank (including lisbilities of each Maker snd srhr other pe?son); and Bank shsll
have the same rights as to such property as it hss with respect to the Collete?al. ~
If Bank deems itself insecure or uoon the occurrence of a~y defeult hereunder Bank shall have the foreclosure sr+d otF~ remedies
~ of a secured party ~ndq~ the Un~form Commercial Code, or other applicable iaw and, without limit~ng the ger+erality of the fo?epoinp,
Bank shafl have the ~igFl. imrnediatety snd without furfher ection by it, to set off ayainst this note all money owed by 8ank i~ sny ca- ~
_ pacity to esch or any Maker; and if s~ch set off shatl occur, Bank shall be deemed to have exerused such riyht of set off a~d to have ,
~ msde a charge a9ainst any s~ch money immediately upo~ the occurrence of such default even thougfi such charqe is m~ or eMend
on the books of Bank subsequent thereto. Unless the Collsteral is perishsble or threatens to decline speedily in value w is of a fype
~ customa.ity sold on a rKO9n~Ztd market, Bank will gi~e Msker reasonable notice of the time and place o~ any publit sab thereof or of
the time after which any privste sale ot any other intended dispositian thereof is to be made. The req~irement of reaso~abk notiCe shdl
~ be met if sucfi norice is mailed, posrage p.epaid, to snv Maker at fhe address given below or at any other address shown on ths roc•
ords of ~he Bank, at teast five days before the time of the sale or d~sposit~on_ Upon disposition of any Collateral aher tAe oaurrcnce
~ of any defautr hercunder. Make. shaU be and remain liable for any deficie~cy; and Bank shall accoum to Maker far any surplus, buf
Bank sfiall have the right to appty all or any part of such surpi~s (or to hold the same as s roserve against) sny ~nd all other lisbilities
; of each or any Maker to Baok.
~ No delay or omission on the part of Bank in exercising any riqht hereunder shafl operste as a waiver of such riyht or of a~y other
~ right under this ~ote. Presentmem, demand, protest, norice of dishonor, and eatensia? of time without notioe are hereby waived by
~ each ar~d every Obligor. The Obligors, iointly and severally, promise and sgree to pay all costs of collection and ~eason~bk ettwneyi
. fees (nos less than 10°Ye of i~e principal sum) incurred w peid by Bank in enfofcing this note upon the occ~rrente of any defavlt.
~ Any notice to Maker shatl be suffiuemly xrved fo~ all purposes if left upon o~ placed in the mail, postaqe propald, addressed to the
premises at the add.ess shown below a sny olhe? address shown on Bank's recads. ~
~ Wherever this note is executed by a co-maker e? endorser who is the wife of a rhaker or endorxr, the said wife does hereby ex-
~ -pressly a=knowledfla the w~rhin debt as her jant and individual debt.
Each of Msker ack~owledges receipt of s compteted copy of this N'pte on tF?~ sb~ve dalqr . •
; / , -
' ~56 22rx3 ~ve. , ' f,~~r sft,.sw~_
r~ Address: . . - / - - - - ~ . .
- - - - ~ } .
E~~~ ~ ~-r., ~ ~ ~ ~ ~ s: `
Nr " X_ f .
4, ~ f'~ r./• -':i~ ~%i t..t•rf~~ • ,.-"L
~ - - -.a9yK .f Af E ~ ---•~~'='L}l,-~:~tbe~-i~i: ts..4
F 95 1'0 ? 7i, ~