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Home My WebLink About0040 ~ :'t.3 L`i~':1 Y.t_:'_~~Il i 11: INSTALIMENT NOTE , • BANK NAME ..~t11~N~ aed UnNCUnd) . ~ CXim~~ial :..t., J~..:•~ :~a~~, fiari:~ Dw: i9 : LOCATION Nol~ No. Oat~d: ~"n~'t 17 . 19 ~ 6 lwn Te~ms: vr«mtd: i .r~.r.~i2..£,'0 . . _ ~u NNANCE _...Y ~ . s'a}'9 _ - - ClIARGE _ . _ . . . atter date the undersi9nEd, heremafter called Maker, ~olntly and severally Docurt?entuy 3~_ promise(s) for value rece~ved to pay to the o~der of the Bank, at ~ts office Samps - as listed above the sum of (total oi payments)_ Cr~dit ~if~ (or lih ~ ~ 8~ Dtsabifity) Ins.i ~ - - - - _ Oths ( em~ ) Dolta~s t it 'b _ , _ . - _ _ _ _ . _ ~ with ' leresf thereon N the ro1e of 96 per annum, all payeb~e in = - monthly instsllments of S-r3rx3-2•~~ s~t~~s 1~ ._.1~~. d0Y of ~ ~ . • i _ e ~n ~C~;?S„'-;~ _ . 19 . _7~ . toyether with ~OUMT a BAIIOON PAYMfNT ~F i- _ . Due . _ . . . . 19 • jINANCEO = ~ 1~~• dQ ~ . A fine computed at the rate of S.OS per s1.00 on each instal~rnent i~ defsult for ~w~~te~Y ~o~~K~~ a period in excess of 10 dsys may be charyeci the Maker. No such (~ne shall e«ceed SS.00. Msker is required to pay alt costs of collection, includiny a reasonsble ~tto~- charyef (itemize) nsy's fee if refer~ed fw coltection or tc9al proceedinqs. All payments, whether prin- s-~ ' cipsl, interest or otherwise, not ~eceived when due shall bear ~nlerest at 1096 per i-~-~• ann~m from due date ~ntil paid. All payments made he.eunder shaN be credited ANNl1Al PERCENTAGE RATE x fnt to interest, then to lawful charqes then accrued, a~d las~ to prircipal. - tf Ihe loa~ is prepaid i~ full, accelerated or refinanced, the Maker shatl as of the date of s~ch event receive such r~fund of fM un- earned pwtio~ of the credit Iife i~surance premium and Iinante charge and s~ch o?her credit as may be requirsd by law o~ as m~y b~ necessary to avoid ~sury, p~ovided that the Holder may retain s mimmum t~nance charqe of 525.00, whelher o~ no`oth~?wit~ e~~Md, and except in the case of a refinancing, no finance charge w premium ref~rtd shall be made if it emo~nK to leu than s1-00• RNtMion of any minimum (inance shall be in addition to service charqe if any. Any la~uaqe e{sewhere Mrein to the contrary notwithstandi ~either 8ank no~ any holder hereof shall receive or reta~n any charge or interest not allowed b1r I~w. As security for the paymeM of this note Make~ has pled9ed w deposited with ~ow'_. ~ .v~ ~ ~ "~r~"y: . .int.~r~t_ _in,_. ._..1Lurt1°.. ~'f,.Cc~c3, It---r~~ar'ci~_.ir?--~:R~.:~_~501.._Pa~a_ 2~3I., .~if.~i~k . ~ 10 ~n dc~ 3~ci Ilnit ~•lesic 31 in nQtx~. C818? ..~pt.---:Jt~s-'---C-13. a~x.t_ Cti-18 r~c~t:iv~ely tfs - - - - _ _ . . _ . . - - - (includinq all cash, stock and other d~vidends and all rights ~o suburibe for securities ~ncident w, declared a qrantad in conn~ction with ~ri~l suth property), which property, rogethe. wirh ali addi+~ons and substitutions he~eafter pledged w deposited with Bank is called ths COI- lateral. the Collateral is also pledged as ucur~~y fw all other iiab~l~r~es to Bank, (primsry, secondery, direct, continpent, sole, joint ai,fl S$~ several), due or to become due or which may be hereafrer co~tracted or acqu~red, of each Maker (or of each Nlaker and any other p~r. .~r}r~~,~,~ son). The surrender of this note. upa+ payment or otherwise, thatl not af4ect the right of Bank to rerain the Co1l~teral for st?th ofh~t ~i"~ lisbilities. - CRE~IT LIfE AND CREDIT LIFE 6 DISABIIIri INSURANCE ARE VOLUNIARY ANO NOT RE~UIRED FOR CREDIT. Such insur~no~ coverage is available at the cost designeted below for the rerm of thc credit (a) S for Credi? Uh~ lo- sursnce (b) S . - . - for Credit life b O~sab+l~ry Insuronce~ CF+eck - , , _ _ ~ Appl. Q Credit life Insurance is desired on the life of _.r..... ~s Box - - - - . . Birthdate - _ - p Credif tife d. Oisab~lity Insurance is desired on - - - - - - ~ BirllKlste .F- - - ~ - - - -------------r-------- - - , Q Credit life andla Disability Insuronce is not dtsir j :~ll:~`.~5't ~.7 ~ Z~%S X - ~ / • i~~~.lf.~i+3 pa~e: - . _ Siflnsfure j,,~'~ SIglialU(! ' ~_:-trl•7~{.~~-. "_"~..'s!-~~ ~-~'ew-.%-ls.~ Paul,f.rye J• iY~~1L~ ~ Additions to, reductio~s w exchanges of, o~ substitutions~ 11p? the Coila ral, payments on atto~nt of this Iq~+ or ir?creases of fhe ~ same, or other loans made partiatly or wholly upo~ the Coi~ateral, may from timd to t~me be made w'~t,1~~r aTfectiny tht p?wisiau of this ~ote. Bank sha~l ezercix reasenable care in the cuslody an~ prese~vsticn of the Colteteral" to the extent required by spplicabk statute, and shall be deemed to have exercised reasonab;e care ~f it rakes such action for that purpose as Msker snall re~sonably request ~ in writing, but no omission to do any act not requested by Msker shall be deemed a feilure ro exercise reasonable care, and no omis- ~ s~on to comply with any request of Maker shall of itsetf be deemed a fa~lure ro exercise reasonsble ure. Bank shall not be bound tO " ; take eny steps necessary to preurve any rights in the Collate~al aga~nst prior parties and Maker shall take all neoess~ry steps for wcfi ~ purposes. Bank or its nominee need not col?ect interest- on or pr~ncipal of any Col!are~al or qive any rotice with respecf to it. If the Collateral shall at any time become unsatisfactory to Bank, Maker shall wirhin one day afrer demand pledya and deposit with Ba~k as part of the Collaterol additional property which is satisfactory to Bank. If Bank dcems itself insecvre, w upon the happening of any of ~he foltowing e~nts, each of which shall constitute a defa~lt hsra ~ under, all liabilities of each Make? to Bar.k }ha~! thereupon or thereafrer, a~ the optio+, of Bank, withovt notice or demand, become due ~ a~d payable: (a) the failure of any Obligor (which term shsll mean and include each Maker, endwse?, surety, snd uaranto~ of this note) to perform any agreement hereunder, to pay interest hereon with~n ten days after it is due, or if there be no ~ue date, after it ~ is billed w othe.wise requested or demanded, to pay sny othc? I~abil~ty whatscever to Bank when due; (b) the deeth of a~y Obli~or ~ ~ (c) the filing of any petition under the Bankruptcy Act, or any similar fede~at or state statute, by wa~ ainst any Obligor; (c~ an appiica- tion for the appointment of a rece~ver fw, We making of a neral ass~gnmen? for the benefit of ueditors by, o? the insolvency of any ~ Oblit~w; (e) the entry of a judgement against any Obligor; (~the issuing of any attachment or gamishment, a the filirg of any lien, against any property of a~y Obligor; (9) the taking of possession of any substantial paA of t4ie property of any Obliflo? at the instance p of any governmental authority; (h) the dissol~tion, merge~, consotidation, or reo.yanization of a~y Obliyw; (i) the sssi~nment by any ~ Maker of any equity in any of the Collateral without the wrinen consent of the Bank. Each Obliga hereby waives any reqvireme~t of ~ notite or demand reflecting such acce!erahon insofar as svth requirement be in addition to the mere exercise of any remedy afforded in this Note or the institution of suit by the then holder. Bank shell have, b~t shall not be limited to, the following riohts, each of which may 6e exercised at any time whether or not fhis note is due: (i) to pledge or transfer this note and the Collateral and Bank shall therevpon be relieved of sll duties and responsibilifies ~ hereunder and relieved from any and all liability with rcspect to any Collaterol so pledged or transferred, and arty pledyee or tranr feree shall for all purposes stand in the place of Bank hereur+der and have all the r~ghts of Bank hereunder; (ii) to transfer the whole ~ ~ or any part of the Coilateral inro the neme of itself or its nominee; (iii) to vote the Collsteral; (ivj to notify fhe Obligas of ~~y Col- lateral to make payment to Bank of any amounts due o? to become due thereon; (v) to demand, we fa, collect, or make sny compro- ~ mise a~ set;lement it deems desirable with refererxe so the Collaterat; and (vi) to tske control of a~y proceeds of Collsteral. - g~ Bank is hereby given a lien upon and a security interest in all property ot each Qbliyw now or at sny time hereafie~ in ths pos- seuian of Bank in sny capscity whatsoever, inclvding but not limited to sny bal~nce or share of sny depotit, tnlst, orayency etco~~f, ~ as the secu?ity fw the payment of this note,. and a sim~ler lien upon and security interest in all suchpr operty of eath Msker as secwity = fw the payment of all other liabilities of each Maker to Bank (includinq liabilities of exh RAaker and erryr other person); snd Bank shall have the same rights as to such property as it has with respect to the Collaterel. If Bank deems itself insecu.e or upon the occurrence of any d~fault hereunder Bank shell hsve the fweclosure ar?d other remedies of a secured party under the Uniform Commercial ~ode, a other applicable Iaw and, without limitinq the 9enen~ity of the forepoi~g, ra Bank shall have the right, immediately And without further acti7n by it, fo xt off afleinst this note ati money owed by Bank in sny u- pacity to exh or any Maker; and if such set off shall xcur, Bank shatl be deemed to have exercised such riqht of set off and to have ~ made a charge sgainst any such money immedistely upon the occvrrence of s~ch default eve~ thouyh such charye is made ar entered ~ on the books of Bank subseqvent the~eto. Unless the Collateral is perishable or threatens to decline speedily in valtie w is of a rype ~ ~ customsrily sold on s recognized market, Ba~k will qive AAaker reasonable notice of the tirne and plaae of any public sale theraof ot of ~ the time efter which any private ssle or any other imended disposition thereof is to be made. The req~irement of reasor?able ratiu sh~ll ~ ~ be mer iI such na~ice is mailed, postage prepa+d, to any Maker et the eddress qiven below w at er~y ather address shown on the rec- ~ ords of the Bank, at least tive days befwe the time of the sale or d~sposit~oe?. Upon disposition of any Collateral afte? the occ~rrence ~ ~ of any default hereunder, AAaker shall be and rema~n liab!e for any deficiency; and Bank shall account to Maker for any surplus. bul ~ Bank shall have the right to apply all or any part of such surpius (or to hold the same ss s reserve apsinst) sny ard all Wher liabilities ti of eech or any Maker to Bank. No delay or omission on the part of Bank in ezercisinq any riyht herev/~der shall oper~ta as a wsiver of such ri~ht or of ~ny olher ~ riyht under this note_ Prese~tment, demand, Wotest, ~otice of dishonW; ~nd exNnsion aI fime wifhout notioe are l~ereby w~ived by each and every Oblipo~. The Obligors, jantly a~d severslly, promise end a4r~t te p~y efl costs of collsetion ~nd reason~blt a»un~yi t fees (not less then 10 ro of the principat sum) incurred or pa~d by Bank in enfacir+y this nots upo~ th~ aa~+rrenoe of any dtfauh. ~ Any notice to Msker shall be sufficieatly urved fw sll pu~poses if le}t upo~ or plated in th~ m~il, posbqe prepaid, address~d to th~ ~ premises at the address shown below o~ any other address shown an B~nk's records. Wherever rhis note is execured by a co-msker w endwser who is the wife of s maker w tndo~ser, the said wif~ do~s Mr~by ex• ~ ~ pressly acknowlsdpe the within debt as her jant and individwl debt _ ~ ~ , Each of Maker acknowtedges recefpt of s compkted copy of this Note ~ ~bove . . , - - 1 "t a ~ Addreu• ~.,~~~~--~aZ~i'k..r._:~11t'""s,... - . --T=~ - , • • - - - - - » ~ C1.:yn, ~ ~ C~i.c~ ~ 1~~ Uavi~i ,7. Y _ ~ ~ < < a} ~ ~ ~ : i ii`1 ~ ~ ' . . ~ . - - - - - '"--r-->x`--~-- ~-~-~---~~~7'j~-~'"'~ - - - -~Q"----- _ _