HomeMy WebLinkAbout0058 Tf~• , ~ • ~ ~_i~ ~K ~ INSTALLMENT NOTE ,
• BANK NAME «V~ U~~V~)
~1~~ ~14f[~jTY~'! =i i lf' _ _ .j~7~!ii2Y1 :_a_'iiL~~, CZ. ~:i~ ~~1.s ~ 81 ! 5 .9~4s.Ou
LOCATION aUG~ V b~
~s~ 1 ~ _ lwn T~rms: ~~6 . l~
NoN Ne. Dat~d: . 19 i~;,~ 2 Q
- _o._._ , . • irocMdi i
fINANCE 1 2$I.fid '
_i»~...~,~.,~I~-..i~~:19-- . - . . . CMARtii i
~
aiter date the undcrsigned, he~einatter called Maker, jointiy and severaily ~ocum~ntwy : '
promise(s) for value received to pay to the order of the Bank, at its office Samp~
as listed above the sum of (total of paymeMs)....._. Cndit Uh (or lih . ~
~'IJE `.(YG~.::'x~?~~ ;Tl'?~~' i_~1:~ID:.~~ F`~~:Y i~-t'tt~ ~:~i 6)/lOQ--~-__ t~ Dis~bqhy) Iru.~
. Dollart a~~ (ifemi~) ,
.
with int~rat tMr~ ~f ~h~ at~ o~ ~.:~Q .46 ps~ anoum, all payable in
month instalimenri of ~ each a+ r?~e ---f.~t...--- d of
N j~.~~ °y t
::::--~st~
~ -w :~_t^~;;;Z .r f Zv- - . l9:rv. foqathet wi!h
_ _ , ~our~r
a B/lIIOON PAYMENT OF Ovs 19 fINANC~ z~~~•~C_,._
A fir» computed a! the rate ot s.05 per Sl•00 0~ each instsl!rsxnt in default fw ~~nt~ly coli~ct~d
• period in a:cess oi 10 days may b~. char~ed ths Maker. No such fins sh~l1 sxce~d ~~rqes (iMmize)
=5.00. NMker is required to pay +II costs of collection, includinp a ressonable attor-
nsy i fee if roferred fw collection or psYments, whethe? prin-
leq~l {uot~edinqs. All
tip~l, inlerosf or othe?wise. nof ntsived when dua SMII beer interosl at 1096 per
ennum from dw dat~ uMil paid. All psyms~ts made hereunder shsll be tredited ANNUAL ~ERCENTAGE RATE X.
first to intere~f, then to I~wful charqes then accrusd, and last to principal.
• If the ioa~ is p~epaid in full, accelerated w refi~anced, the Make? shall as of the date of such ~vent receiw wch hfund of.th~ ue-
e~rnad portion of the credit life insur~nce premiym and finance charfle and such other credit ~s may be rpuirtd by law a u may b~
rrouuary to avad usury, provided lhat the Holder m~y retain a minimum finsnce tharq~ of s25.00, wMtMr a nof Whsrwiss ~anwd,
and excepf in the case of • refinanc~nq, no (inance chu9e o. premium refund shsll be m~ds if it ~mou~ts to I~u tF~an t1.00. R~t~nlion
of ~ny minimum finance shstl be in addition to service charps if any: Any lanpuap~ elsswhtre herein to tM contr~ry notwithsla inq,
MithK Bank ~or any holder hereof shell receivs w retain any char9e or interest npf altowed by law.
As security for tFN paYment of this nWe Maker hss pledyed or deposited wit~ ~k ~}plibwjn{~-prp~ef~~ ~--0: ~6~ ~ V~.C~
: ,
~~~~~--~1~-*-;---~t~]~5--~;_f_-~:- 3.~---]~4.0~_.1~4~ ._~~~~._P~ ?9~1.,_:__L~~~ -
9.___~-_SXx~~~__~-~..s~nd.Z.~i.~ .I~daek_..3~_..i,in__S~•ui_,___~9,_..~....~.~.-~_-~--~--~=-~-~'~~~?~
(includir+q all cash, st«k and othe. d~vidends and all riqhts to subscribe for secunties incident to, decl~red w yranhd in co~nMan wi
suchpr
ope.ty?. which property, toge?her with ali additions and substitutions hereafter pledoed or deposited wilh 8ank is ulled the Col-~~
lat~r~l. Ths Collateral is elso pledqed as security for all other liabilities to Bank, (primary, setondary, dirstt, ca+tinqent, sol~, jpiM or
several), due u to becane due w which may be hereafter controded or acqui?ed, of axh Maker (w of each Maker •nd any otM~ ptr- Il~
so~). The surrender of this note, upon payment or otMrwiss, shali not affett the ripht of Bank to retsin the Cpllat~ral for such ofh~? _
li~bilitros. '
CREOIT IIfE AND CRfDIT IIFE 6 DISABIIITY INSURANtE ARE VOIUNTARY AN~ NOT REQUIRED FOR CREDIT. Such inswana
coven9e is available at the cost desiynated b~low for the term of ths credih for Cr~dit lif~ In-
suranoe (b) s-----------------------•-°--.-------------------•---- for Credit life 3 ~isebility Insurance:
,Chsck ~ _
Appl. Q C?edit life Insurance is desired on the life of - ' ~
~ -
Box ~
Birthdate - - -
p Credit life d~ Uisability Insurance_is desired on ~
- Birthdats - - -
Credjt lify and/or ~isability Insur~nos is not -dl~ufd. ,/f' .°.-----•--.r---
C~ R , :
Date• ~~/~f~`Z - Siqnatvrt.~"-~'~`-"`r - - - Rt1S;??i~. F~~1^".~
. . - ~ -
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Siqnatur~ r.i~9~-~~t~---~~-~-° ' ~ 't!4?Y'~.F.~
Additioos to, reductio~s or exchsnqes of, or substitutions •for the, Coll~ral, paymen on ount of thii losn or increas~s of tM
same, w other loans made partially or wholty upw~ the Colliteral,. may fiph time to ti _ be msds without affedinp th! provlslons
of this note. Bar.k : s!! axercix reasonsble ~are ~r. the custody a^~ ~ese~vafion of the CQ .etr?al to the extan+. ~~+!•:•!r! !+y epplic~bl~ _
' ststute, and shall be deemed to have exercised reasonab{! care if it takes such action fw that purpose as AAakar shel'1 reasonably nqwst
; in writirq, but no omiuion to do any act not requested by Make? shall be deemed s failure to e:ercise ~eawn~ble ure, •nd no omis-
sion to compllr with sny request o4 Maker shall of itself be deemed s failure to exercise reasonsble un. Ba~k shall not b~ bound to f
take any steps necesssry to preserve any ~ights in the Collstersl aqain:t priw p~rties •nd Maker ahall take el! necess~ry tteps fa sud~
' purposes. Bank or its ~ominee need not collecf interest on o? principal of sny Collarersl w qive any ~otice with r~sp~tf to it.
~
! • If the Colleteral shall at any time become unsatisfacrory to Bank, Maker shall within one day eRer demand pledqs and deposit
~ with Bank as part of the Collater~l addit~onsl property which is sat~sfactory to Bank.
E :s n~. Z~ ;~Klf jn~tv~.., .~rv_,n f!,n F,~~+.n~ne~ nf any n~ tl,~ fnlleririra aventa eacF~ of whiclt sl+s1l tonsfitWe a def~ulf F~lre-
R
~ u~der, sll liabilities of each Maker ro Bank shall thercupon or thereafter, at the option of Bank, without notice a demand, becane ~ue
~ ~nd paysble: (a) the failvre of any Obliyor (which ~erm shall mean snd ixtude e~ch Maker, endorser, surcty, and yuaraMOr of this
~ note) to pe?form any aqreemcnt hereunder, to pay interest he?eon within ten days after it is due, or if there be no due dste, aAe~ it
is billed or otherwise roquested w demanded, to pay any other liability whstsosver ro Bank when due; (b) tF+~ death of ~ny Obl~'po~
(c) the filiny of any petition unde? the Bankr~ptcy Act, or any s~milar fede?al or state ststvte, by or painst any Obtiyo?; an appliu-
~ tion fw the appointmeN of a receiver for, the makiny of a neral auiqnment for the benefit of vedrton by, or tM insolvency of ar~y
~ Obli~or; (e) ihe entry of a jvd~e ment aqainst any Obl+gw; (~the issuing of any aHxhmen? or qa~nishment, a tM filirg of ~~y litn,
; ay~inst any property of a~y Obliyor: (9) ?he tskin9 of possession of any svbstanfial part of the property of a~y Obli~or ~t th~ insfanos
~ of any ~overnment~l autho?ity; (h) the diswlution, merger, co~sotidat~o~, or reorganization of s~y Obliyor; (7 the ~ssipnment by any
Nleke~ of any equity in eny of the Collaterel without the w~itten conxnt of ths Bank. Eech Obli~ hereby wsives any r~iremeM of
~ notice w demar+d refiectiny such aaekr+tion insofar as such reqoireme~t be i~ additio~? to the mere exercise of ~~?y remsdy afford~d in
~ tfiis Note or the institution of suit by the then holder_
~ Bank shall have, but shali not be limited to, the followi~y riahts, each of wFi~ch may be extrcised at a~y tims whether or not this
note is due: (i) to pled9e a transfer this note and the Collateral and Bank shell thereupor? be relieved of atl duties ~~d rsspo~sibilifies
~ hereunder and relieved from any and alI liability with respect to any Collaterel so pladped a transferred, +nd ~ny pledpee or tr~ra- _
~ feree shall fo~ all purposes stand in the plsce of Bank hereunder snd have all the ri~hts of Bank hereunder; (i~ to ,trans(e~ th~ wholt
or sny pan of the Collaterel i~to the name of itulf o~ its nominee; (iii) to vote the ~ollateral; (iv) to notify the Oblipon of any Cot=r
~ tateral to make payment to Bsnk oi any amounts dve w to become due thereon; (v) to demsnd, s~e for, collect, or make sny compro-
~ mise or settlement it deems desirable with reference to the Collateral; and {vi) to take control of aMr proceeds of Collater~l.
8ank is hereby yiven s lien upon aod s sscurity inserest in all property of eath Obleyor now or at arryr time hereafier in fhs pos-
seuio~ of Bank in sny capscity whetsoever, incl~dirq but not limifed to sny balanoe or share of ~r?y deposif, trutt, orap~ nty aotouM,
ss the set~riry for the p~yment of this note, ~nd a similar li~n upon ~nd security interest in all suchpr operry of eath 1111~ker as~~i}y
for ths psyment of all other liabilities of each Msker to Bank (includiny liabilitiea of each Maker and erry otF~er perwn); ~nd 8ank sh~(1
have the seme ri~hts as to such property as it has with respect to the CollettraL ,
- If Bank deems itself insecure or uDOn the otcurrence of any default hereunde~ Bank shall have the foreclosure and other rertNdi~s
" of a set~red party under the Unifwm Commercial Code, or other epptitable !ew and, withoot limiti~ the 9enerality of the fo~eyoinp.
~ Bank shall have the ~iyht, immediately snd witharf further action by it, to set off aQainsl this note al money owet! by Bsnk in ~ny cs-
pacity ro each or any Mske?; and if such set off shall occur, Bank shall be deemed to have exercised such rioht of stt off end ro haw
~ msde a char9e aQainst sny such money immediately upon tF+e oaurreoce of svch defsult even thaph such c}~arqe is made a ~nfered
~ on the books of Bank subsequem thereto. Unku the Collateral is pe?ishable or th.eatens to decline speedily in wlue w is of a typs -
customarily sold on a reccynized market, Bank will pive Maker reasonsbk notKe of the tirr?e and plaoe of arry public sale thereof or of
e the rime aher which a~y privste s+le or any other intended d'+spositio~ tF~ereof is to be made. Th~ requi~~meM of naso~?abt~ notia shall
" be met if sixh notice is maikd, postage prepaid, to arry Make~ et the addreu y'rven below a at any oth~r ddress shown on th~ ne~.
~ ords of the Bank, at kast five days befora the time of ths sale o~ disposition. Upon disposition of ar?y Collateral ~ft~r the oawrer~
~ of any default hereunder, Msker shall be and remain lisble fw any deliciency; and Bsnk shall saount fo Nlaker for ~rryr surplus, but
Bank shall have the riyht to appty etl w arry wn of svch svrplus (or to hold th~ seme as a reurw eqainst) any and sll other li~biliti~s
r of each O~ ar?y N~aker to Baelc.
No delay w omiuion on the part of 8ank in exercisirg sny riyM here~nder shsll optr~te a s waiver of such ~M or of smr ofhK
:Y riflht under this nots. Presentment, demand, p~otesr, notiu of dishawr, and ext~nsion of time withovt n~iu are }~er~by waived by
~ each ~rx! every Obli9w. Ths Obliyo?s, joiMly and sever~llY, p.omise snd aqree ro pay ~tl oosb of cotlectioa and r~asonabl~ atlqre~sys'
~~,s fees (na I~ss rhan 109f. of thepr incipal wm) incvrnd w p~id by Bank in ~nforcinq this not~ ~ th~ oawr~ of any d~fsuM.
~ Any notice to Maker shdl be suff'~citntly aerved for al) purposes if kh upon w plac~d in ths mal , p3Tiqt prep~W, addrsss~d io 1M
pr~mises at ths addreis shown below w~ny otMr addrtss shown on Bank's noprds.
~ Whereve. this r?ote ia executed by a co-maker w endors~r who is th~ wHe of a mabr or ~ndorser, th~ s~ld wif~ do~s Mnby ex-
~ pressly ecknowl~dpe the within deM as !+a • joiet snd indiv~dual d~W.
fach of N,aker acknowi~dqes naipt of s compl~ted wpy of this Not~, oIi i~' d+t~.
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