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HomeMy WebLinkAbout0046 ' ~ ~ ~ ' • ;cr1 : v~«::h F 'L' LiC INSTALIMENT NOTE ~ _ «tYf~ ~11+ Vlq~plft~ /f ~ ~ ~ $s3f:i{ .'i#l :'E£ ' . - ~ ~t~ ::an;r.~~^ial. :'t. , .'~~ac}:T Fl~i3a Ow: w » ~ _ ~l.jn`?!~, 8A _ IOCATtON ~ Ai rn istt ?~i . lo~n T~rm~: Net~ Ne. - Dat~d: ~ • i9 p~o~«ds t.. . 5.t 552. (3~.,__.. ' FINANCE ~ , 5~8 ot~ ' ' ~ ~13:tY ..{~0) _ . . CFiARGE i • . , . _ _ . - - after date the unders~gned, here~naiter called Maker, jo~rttty and seveialty Oocum~n~~ry i promise(s) for value retei•red to pay to the order ot the Sank, at ~ts otfice Sumpa ' as listed above the sum of (tatal oi payments). _ . Cr~dif lif~ (or lif~ ~.'VI_'~I_'i~3tX~i'7 !'~INE'I'Y _r1Vt7 80JI0~ . - - 6 Disability) Ins.i . - - . _ . _ . - - . p he ( emi t r it ze - _ _ - . - . ~Oo~lan : - QD - wifh int~rest thereon at ths rate of 'Pe per sn~um, all paysbl~ i~ s 6~---- monthly installments of _~Z$• ~-8 esch on th~ dty of : - , - - each ~uaesaivs monlh commer+tinp on ~j . 19_7~toq~tM~w+t1+ 19 AMOUNT a BALIOON PAYMENT OF i - - Due - - _X.- - • . . HNANCED i ~.t.~n~. (~O _ A fine computed at the rete of s.05 per 51.00 on each inslal~ment in defsutt for r a period in excess of 10 days mav be ~her9ed the Maker: No suzh fine shslt exceed ~P+~~~ely collect~d , =5.00. Maker is required to paY all cos~s of collection, includin9 a reasonablegf~ chuqes l~temiie) ney's fee if roferted fo? cotlechon or leqal proceedings. A!1 payments, whether ~ ' cipal. intercst or o~he?wise, not received when due shall bear interost s~ 10 s r- i-- % aenum from due date until paid. All payments made hereunde~ shall be credited ANNUAI ~ERCENTAGE RATE first to intarost. then to lawiul charges then sccr~ed, and lasr ~o principaL If Ihe loan is prepaid in full, accelerated or refinanccd, the Maker shptl es of +he d~te of svch ~vent rsceive such reiund of tF» un- Nrned porlion of the credit life i~surance premium and finance charge and such other credit ~s m~y be reqvired by law or ~s may b~ ~etessary to avoid usury, provided that the Holder mey ~etain a mimmum finsnce charge oi f25.00, whether or not othtrwist earMd, and except in the case of a reFinancinq, no finance charge or premium ?ef~~d shall be made if it amounts to Iess tha~ ~1.00. Retentio~ of any minimum finance shall be in additio~ to service chargt if anv. A~y langvage elsewhere herein to the conlrsry nofwifhst~ndinq, neither Bank nw any holder hereof shall receive or retsin any cha.ge o. inte.est not allowed by law. j As security tor ihe payment of this note Maker has plcd9ed or depasited with Bs~k the followinq property: A_. O_..07~9$ IIIX~j.V].~ .__'i..~~~SL ~ .L~1L i-J.V l.UG:-~ • 1 j_ ~ .~ULIK~A ~ IC,...Bokis__2502---~?age._ 2931~ r.• 7 c~2Y~ ~ _ ~ . L`" ~.8 t . . ~OI C" Z'a cl8 ~ 'E~St.71 f~_ ..S81J~. ~OD~C,~ r . r ~ (incl~diny all cash, stock and other d~~idends and all rights to suburibe for secunnesincidtnt lo, declared w qranted in connection 'th such prpperty), whith prope.ty, rogerher witF. ali add~tions and substirutions hereafter pledged or deposited with Bank is called the Col- ~ lateral. The Collateral is also pledged as secur~ty for all other tiabiliries to Benk. (primary, secondsry, direct, ca+tinyent, sote, joinf or several), due or to become due or which may be hereafter cort~rxted o? acquired, of each Maker (o. of esch Make~ and any ot'~tr psr- son). The su~render of this note, upon paymrnt or orherwise, shall nat affect the right of Bank to retain the ~ollatersl (or s~xh oth~r liabilities. - CREDIT IIfE AND CREUIT lifE d. DISABILITY INSURANCE ARE VOLUNTARY AND f~T REQUIREO FOR CREDIT. Such ins~rants coverafle ~s available at the cost des~gnated below for the te~m of ~he ued"rt: (a) t fo~ Credit life In- surance (b) S _ _ _ _ . . _ fo? Cred~t lile 8 O~sabi~ity Insucance: • Check Appl. Q Credit life Insurance is desired on the life of . . - _ - . - i Box ~ ' - . . . - Birthdate _ _ . - - _ ? Credit t~fe b Disability tnsurance is desired on i - - . Birthdate . - - f~ Credit life and/o~ Oisability Insurance is not desir i ' ~ ~ . - Y - ~ ' . - ~ ~ . oate: _ . ~`:;;~tiit_~,8, __19?6 $ignaturE . - - - ~ : - - ~ `L~ ~ ~ ~ - f' u.~'i ~r~'C.s7I1 -'A...~ ~ . ~e _ .e , $ignatUre ~ V - _ - - - J ndd~nons ro. re~ivc.ior,a v. ~~'.v:,y~~ 8., paYmtntS on acco~/nT o~ fhidloa~ o~ intre~tes Of fFN_,'; same, or other loans made partially or whoiiy upon ih~ ~ ~ateral may 'from time fo time be m~ vv3l~iouf affettinq the provisiOns of this note. Bank shall exercise reasonable care in thc%ustody and preservation of the Colieteral to the exteM reqoired by appliubls ~i statute, and shall be deemed to have exerc~sed reasonnbte care if 9~ takes s~ch action for thet purpose as Maker shsll reasoaably nqvsst ~ in writing, but no omiss~on to do any act not .equested;by Make? shall be deemed a fsilure to exercise reasonable csre, and no omir i iwn to comp~y wirh any .equest of Make? shall of ~tself be deemed a failure to exercise reascnable care. Bank sh~ll not be bovnd; to take any steps necessery to prese:ve any righis ~n the Co~~a~eral against prior parties and Nlaker shatl take alt necesssry steps io/ s4d~ ~ p~rposes. Bank or its nominee necd not collett interest on o. pri~c~psl of any Cotfateral w give any notice with respecf to if. / ~ If the Co~~atersl shall at any time become unsatisfactory to 8ank. Maker shaif within one dav after demand pled9s and deposit ~ with Bank as part of the Coltateral add~t~onel property which is satisfactory to Bank. ~ If Bank deems itself insecu~e, o+ upon the happening of any of the following eve~ts. esch of which sFall constitute a defa~lt here- d under, all liabiiities of each Maker to Bank shal~ thereupon or thereafrer, at fhe option of Bank, without notice p demand, becant due s end peyable: ta) the failu.e of any Obligor (which term shall mean and include each Maker, endorser, surety, and qvarentw of this = no±e) to pe?form any agrcement hereu~der, to pay inre?est hereon within ten dsys after it is due, or if thert be no due d~1e, aher it is bitled or otherwise reouested or demanded, to pay sny orher l~abit~ty whatsoever to Bank when due; (b) the death of any Obl~; ~ (c) the filing of any petition ~nder thc Bankruptcy Act, or any similar federal or state s?atute, by or apainst any Obligor; an spp icr tio~ for the appointment of a receiver for, the maic~ng of a neral essignment for the be~sfit of cred~tus by, w the insolvency of arry C Obligor; {e) the enTry of e iudgement against any Obligor; (~the issuing of any attachment or yarnishment, or the filing of any lien, ~ ag ainst any property of any Obligor; (g) the takinq of possess~on cf a~y substantial part of the property of a~y Obliyw ss the insbnoe ~ of sny yove?nmental aut!writy; (h) the dissolution, me?ger, consolidation, or reorganiZation o( any Obliyor; (i1 ihe suipnment by any ~ Maker of any equity in eny of the Coilatersl without the written consent of the Bank. Each Obligor hereby wsives any requirement of ~ notice or demand ceflecting such acceleration insofar as such requirement be in addition fo the mere ezercise of sny remedy ~fforded in this Note or the institutior'~of suit by the then hotder. ~ Bank shall have, tut shall not be limited to, the io~lowinq riahts, each of which msy be e:ercised sf sny time whether q nof Mis ~ note is due: (i) to pledge o. t.ensfer this note and the Collaterot and Bank shall thereupon be relieved of all duties and responiibilities • hereuntier and relieved from any and a~l liabitity with respect to any Collateral so pledqed or transferred, and arty pfed9ee w tra~- ~ feree shell fw all purpoxs stand ~n the place of Bank hereunder and have all the ri9hts of Ba~k Fxreunder, (i~ fo trans(er the whole ~ w any part of the Col~aterat into the name of ~~self or its nominee; (iii) to vote the Collste~al; (iv) to notify the Obligors of any Col• ' ~ Iateral to make payment to Bank of any amounts due or to become due thereon; (v) to demand, sue fw, collect, or make a~y compro- mise or ser.lenxnt it deems desirabte with reference to the Coflsteral; and (vi) to take cont?ol of any praceeds of Collsteral_ ~ Bank is hereby given a f~en vpon and s sec~rity interest in all prope?ty of each Obtipor now w at eny time htreeHer in tht pos- ~ session of Bank in sny capacity whatsoever, including but not iimited to any balance or share of any deposit, trust, oray~ ~cy aaouM, as the security fo~ the payment of this note, and a similar lien upon and security interest in all such property of esch Maker ss s~tvr~ for the payment of all other liabiliries of esch Maker to Bank (inclvding Iiabilities of each Maker and any other perwnj; and Bank sM I ~ have thn same rights as to svch property as it has with respec~ ta the Collsteral. ' !f Bank deems itulf insecure or upon the xc~rrence of any default hercunder Bank shsil have the forectosure and other rem~dies s~ of a sec~red party unde? the Uniform ComrrKrcial Code, or other_applicable taw snd, without limiting the yenerality of the fore~oinp, ~ Bank shall have tht right, immtdiately and withoW further xtion by it, to ut off syainst this note alt rt?oney owed by Bank in a~ry u- ~ pacity to each or any Maker, and ~f such set off shall occur, Bank shall be deemed to have exeaised such ?i9ht of set off end to haw F, made a charge against any such money immediately upo~ the occurrence of svch default even ?houyh s~xh cbarqe is made or entcred ~ on the books of Bank subsequent thereto. Knless the CoNsteral is perisheble or threatens to decline speedily in wtus w is of a typs customarily sold o~ a recognized ma?ket, Bank will give Msker reasonab~e notice of the tim~ and plsce of ~ny public ~k thereof w oi . the tirt?e after which any private sale or any other intended disposition thereof is to be msde. The reqvirement of ressonsble notios shaU ~ ~ ~ 6e met if such notice is ma~ted, poste9e p~epaid, to any Maker at tht sddress qiven below or st ~ny other addross shown on tM rot- - ords of the Bank, at least five days be~ore the time of the sale or d~sposition. Upon d~sposition of any Collateral after the occ~rrence ~ of any defautt hereunde~, Maker shall be and .ema~n tiabfe for any deficiency; and 8ank shall sccouM to AMker for any w~ua, but ~ Bank shall have the right to apply all or any part of svch surplus (or to hold the ume as ~ reserve syainst) ~ny and al! other ~abilitias ~ of each or any Mnker to Bank. ~ No delay or omissio~+ a+ the part of Benk in exercising any right heteur?d~r sha~1. oparate as + waiver of sud+ r'p ht a of aM? ofher ~ right under rhis note. PresentmeAt, demand, protest, notice of d~shorwr, ~nd exte~sion of time without notice are hereby waived by each and every Obligo~: 1he Obtigors, iointly end severally, prom~se and spree to psy sll cosh of collection and reasonable attantys' fees (not less than 10% of fhe pri~cipal wm) incurred or p~~d by Bank in enforcirq this note ~pon the occurrenee of any defeulf. Any notice to Maker shaU be suffiuently served for ell purposes if (eft upan o? plxad in the majl, postape prepsid, addrossed to fh~. premises at the address shown below w any otFur address ~how~ a+ 8ank's reco~ds. z ~ Whereve. this note is executed by e co-maker or endorser who is the wife of a m~ker or.~f~orNr, tM ssid wifs do~s htreby ~x- press~y acknowtedqe the w~th~n debt as her ioi~t and individ~al debt. F~ Eech of Maker acknowledges receipt of a completed copy of ~his Not~ on ths sbovt dat~. ~ . ~ Add.e::: . _ 7019 Delc~ra. - - - - -~G~~_.~._.I.bGs:ll1- • - - - - ~ ~ a.-~n, =7, ~2~t~3 , zla ~~c~.,,~ ti~. ~ ~ ' {s ~ ~ ~ n t ~ ; . . n - - ~ - - - ~ ~ ~ _ . w.~w C_='a~<.~ A'~zu~ I,~rG~it '._~,~.f'=sF-~"