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' • ~7~3ti3s:1 :i~~f ' INSTAIIMENT NOTE i
~e.r;x r::;r.~~ lS~eur~d ~ed Unweu~~d) ~
;bm~-ei.al St Je~:~~~ i~ach, F:ttri~.:.z~ pu.: t9 81_ 6, ~('2. 60
_ ~ - ~
. IOCATION
loa~ T~rmu
NoN No• Datod: -1-9=--. 19 _ 7b 5 022 00
Pr«eeds i .
~`r: _~-=-L~ NNANCE ; 1,380,,_60.- -
ou~.Y ~vv~ ra~u,_..:~b _ . ti1~RaE
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after date the unders~gnEd, he~e~na(ter called Maker, ~o~ntly and severally Documen~ary i
promise(s) tor value rece~ied to pay to the order of the Ba~k, at ~ts office S~~mps ~
as listed above the sum of (total ot payments). Credit life (or lih
- 5TX__'!~lJt~S~Aiy~D r~)(JR ~R~~ _'1Y~0 A~ b0/1~0 ~ ~isa ity) Ins.i _
- ~ - - - . . ptha ( I ~
_~_.._._.~~....r._ Dollars r i 2A
- - . . - _ _ _
. . .
with interesf thereon at ths rate of 1~• 9'o per annum, ail payable in •
S
6a . monthty instsllments of s~~6 • 7Z eath on the ~ t~ day of
, ~ , togethe~ wirh
each sxcessive month commencinp on ~1' 4. 19 . : . . - •
s BALIOON PAYMENT OF S Due X. . 19 . . uMOUNT 5~ U~2. OO
fINANCEO t
A fine compvled at the rste o~ S 05 per f1.00 on each il.s~at~me~t in defauh tor ~wrately collected
a period in exceas of 10 days may be charged the Make~. No s~ch f~ne shall exceed
=5.00. Maker is required to pay atl cos~s o1 co~lection, including a reasonable a~~or- char9es (item+ze) _
ney's fee if referred fw collettlon or leyaf proceedinps. All payments, whether prin• "
cipst, interesl or otherwise, not received when due shall bear interes? at 10 o P~~ i •
annum (rom due date until pa~d. All pavments made herounder shall be aedited ANNUAI PERCENTAGE RATE Z~y
first to interest, then to lawful charyes then accrued, and last to principal. '
If the loan is prepaid in full, accelerated o~ reFinanced, the Maker shall as of the dsle of such event receive such ref~nd of the un-
earned porfion of the credit life ~~s~ra~ce p~emium and tinar+ce charge and such other credit as may be required by, ~aw a es may b~
necessary to avoid usury, provided that ~he Holde. may reta~n e mi mmum f~nence cherge of 525.00, whethe. or not othlrwiss ~arMd,
and except in the case of a re(inancing, no finartce charge o~ prem~um refund shall be made if it amovnts to less th~n i1.00. R~tention
of eny minimum finance shall be ~n addition to service cha~ge any. Any lanquaqe etsewhere herein to the co~trary rwfwifhstu?dinp,
~
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fi8ilfief 080K {.CH a~iy f~'v.Uif~ i.GtCJi ):.6.: :C:uYC :c:a.:: o::y ~..a: yc ~+:c~cSi ::u~ c~;u~.cu ul .a-ii. n ~
As ucurity for the paYment of this note.Maker has pledged o. deposir v~th nk the fpllowin4 pr n •'~~s~_;___~iV~C~
~M' .Y
iztterast i.~. 'IUrtle F~e~ef t1~r~ci. I reoo~rd~e~ii9r ~2~. Aobk 250 *e 2931... [hit i~e,~cs
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14 ~d i5 i.n c7o~d. C-S, !+b. C°5 as dexribed in sa3d .
_ . . _ _ _ . _ . - - . .
(includiny all cnsh, s~ock and otFer dividends nnd a~t rights to subscribe for secur+?ies inc~deni to, dKlared pt granted in co~nKtioef with
such prope~ty), which property, togert~er with aV+ add~rions and subsr;tu~~ons F.ereafter pledged or deposited with Bank is u11ed the Col- '
lateral. The Collateral is also pledged as secur~ry for a.i other hab~li!~es ro Bank. (primary, secondary, dired, contin9ent, sole, joint ot
severaq, due o. to became due or wh~ch may be hereafrer contracted w acqu~*ed, of each Make. (a of each Maker ~nd any other per-
son). The surrender of this note, upon payment or orherwise, sha~i not affect fhe right of Bank to retain the Cotlaterat for sutA Of?N~
lisbilities.
CREDIT IIfE AND CREDIT LIFE 3 DISABILITY INSURANCE ARE VpIUNTARY AND NOT REQUIREO FOR CREOIT. Such insuranu
coverage is availab!e at the cost des~gnated below for ~he term of fhe <redit: (a) S- for Credit li(~ In-
surence ib) S. _ . for Cred~t life 3 DisabiGty Inw~a~ce~
Check
Appl. ? Credit tife Insu~ance is des~red on the life of .
. - ~
Box
_ _ . . . _ Birthdate _ _
_ . _ _
~ Credit life 3 Disabiiily Insura~+te ~s desired on . _ . _ - - - -
Birthdete J
~ Credit l~fe andlor Oisab~lity Inwrance is not r
~ t ~ ~ ~ ~ 4~' " t
Date: _ -~~t)~. ~9 j ~~3 ; b Signaturo Y._ ...u". _ J/` - - 6'i~J,.a.2.3ID D. ~Yl~lpB
• ~ ~ { .s Gr~Cc11GLl.rie T. Ph~lpB
. SignaturE ~
f _ _ ~ ' - - _ -
Addit~ons ro, reducrion: or exc6anges of, or su5stityl~or.s for the Cotlatersl, payments on account of this Iwn w increases of fh~
same, or other loans made pa.tia:ly or who~~y upon the Collaterat, may from time to time be msde withovt affecting the provisioes .
of this note. 8artk shatl e:e~cise reasonab~e ca~e in the cvstody and D~eservation of the Co~ia!eral to the extent required by ~pplit~We
statute, and sha!I be deemed te have exe%c~sed reasonabfe care ~f ~t takes such actio~ for that purpose as Maker shsll reaso~ebly req~est
in writi~g, but no om~ssion ro do any acs ~or requesred by IJ~aker shail be deemed a fe~ture to exerciae reasonable care, and no omis-
sion to comply with any request of Maker shatl of itself be deemed a fa~lure to exeruse reasonable csre. Bank sh~fl not be bound fo
'I take any steps necessary to preserve any r~ghts in tne Co~~ateral aga~nst pne. parties a~d Maker shell take sll neceuary steps for stxh
~ purposes. Bank o~ its nominee need not collect interest on or princ~Dat of any Collateral or give any notic4 with respM to it_
If the Collateral shall at any time become unsatisfactory to Bank, Maker shail w~thin one day after demsnd pledpe a~d deposit
! with Bank as part of the Coliaterai addmor.a~ properry which is saf~sfactory to Bank.
~ If Bank deems itself ~nsecure, or upon the ^appEn:ng of an~ of the following events, each of which shall constitute a defavlf here-
~ under, all liabilities of each Maker to Bar.k shat! :nereupon or tnereafter, at the opt~on of Bank, without npfice o? dlmand, become due
and payabfe: (s) the faiiu~e of a~y Obligor ~v.h~ch re~m shall mean and include each Maker, endorser, surety, a~d guarantor of this
i note) to pe~form any agreement nereunder, to pay ~nterest ~ereon w~thir. ten days after it is due, or if there be ~o dve date, after it
'r is billed or otherwise requested or demanded, to pay any other i~ab~l~ty •«hatsoever to Bank when due; (b) the death of any Obli9or;
~ (c) the fili~g of any petition under the Bankruptcy Acf, or any s~mi~ar federal w state s~atute, by or against any Obli9or, an applica-
~ tion for the appointme~t of a receive~ for, the mak~ng of a ~eral ass~gnmenr fo~ ihe benefit of creditors by, or the insolvency of sny
Obfigor; (e) the entry of a judgeme~t against any Obligor; (~j ?he ~ssuing of any attachment or gernishment, or the fitiny of arry lien,
~ against any property of any Oofigor; (g) the taking of possession of any substantial part of the property of any Oblipo? at the instante
of any yovernmental autho?+ry; (h) the dissolution, me~ger, consoiidation, or reorganization of any Obiigw; (i) the assi9nment by a~y
~ Maker of any equity in any of the Collateral w~thout the written consent of the Bank. Eech Obliqor hereby waives any requirement of
notice w demand refleciing such accelerat~o~ insofar as such requiremenr be in add~tion to the mere exercix af sny remedy afforded in
this Note or the institution of suit by the then ho!der.
~ Bank shall have, but shall not be limited to. the following riafits. each o~ which may be exercised at any time whether w nof this
note is due: (i) to pledge or transfer this note and the Collateral a~d Bank shall thereupon be retieved of all duties and responsibilities
~ hereunder and relieved from nny and ai~ habi~+ty witn resp~ct ta any Coliateral so pleogtd or transferred, and any pledgee or tnrn-
feree shatl for all purposes sta~d in the place o~ Bank hereunder and have aIl the rights of Bank hereunder; (i7 to transfer ihe whole
or any part of the Co!!areral into fhe name. of irself or irs nom~nee: (ii~) to vote the Collaterat; {iv) to notify the Obliqas of sny Col-
4 laterai to make payment to Bank of any amounts due ar to become due thereon; (v) to demand, sue fw, collecf, or make any tompro-
m~u or set:temenf it deems desirable with reference to the Collateral; and (vi) to take co~trol of any proceeds of Collsteral.
~ Benk is hereby given a tien upon and a security interest in all property of each Obligo? now w st any time heresfter in the pos-
ussion of Bank in any capacity whatsoever, i~xludi~g b;A not limited to any balertce or share of srty deposit, trusf, or ncy accovnf, i
!K
? as the security for the payment of rhis no1e, and a sim~ler lien upon and security interest in all stxfi prope~fy of each Ma er ss seturity
;t fw the paymem of a~l other liabilities of each Maker to Bank (including Iiabilities of each Aneker a~d any other person); and Ba~k shall
have the same rights as to such property as it has with rospect to the Collate.at.
If Bank deems itself inxcure or upon fhe ocwrrence of any defauit hereuneier 6ank shsit nave the fweciowrt ar?d other remedies
~ of a secured party under the Un~fo~m Comrt~rcial Code, or other applitable Iaw and, withovt limiting the 9enerality of the foreqoing,
Bank shall have the ~ight, immed~atety and wifhovt further action by ~t, to set ofi sgeinst this note ell mauy owed by Bank in ~ny ca-
„ pxity to each or any Maker: and if such ser off shall «wr, Bank shall be deemed ro•fiave exercised such righ! of set off and fo haw -
made a charge agai~st any such money immediately upon the occurrence of s~ch dcfauh even though such tharye is made or entered ;i
"r on the books of Bank subsequent tnere+o U~less the Collateral is perishable oi threatens to decline speedily in value or is of s fype
wstomarily so!d on a recognized market, Bank will give Meker reasonable notice of tl~e time and place of any pvblic sak theroof w of
~ thc time afte+ wh~ch any pnvate sa~e or any other ~ntended dispositioR~thereof is to be made. The requiremeot of reasonaWe ratice shall
~ be met ;f such notice is mailed, postage prepaid, ro any Maker at the sddress yiven below w at any other address shown on the rot-
ords of the Bank, at least f~ve days be~ore the t~me of the sale o~ disposit~o~. Upot+ disposition of any Colleteral aher the oa~~rencs
~ of any defaulr hereunder, Meker shall be and rema~n Gable for any deficiency; and Bank shell account to Maker fw amr surplus, but
` Bank shafl have the right to appty all or any part of such surplus (or to hold the same as s reserve ~qainst) eny and all other lisbilities
~ of each or any Msker to Bank.
^ No delay or om~ss~on on the p3rt of Bsnk in exerr.sing am riqht hereu~+der shall operste as a waiver of iuch riyht o~ of arry ofh~r
~ nght under th~s note. Presentment, demand, protesr, no~ice of d~shortw, and eatension of time witho~t notice ~re hereby waived by
~ each and every Obligor. TF.e Ob!igon, iointly and severelly, promise and ~qree to pay all costs of collection end reston~ble atfwneys'
~ fees (nor le:s than 10% of the p+incipal sum) incurred o? p~id by Bank in enfwdny this nofa ~pon the xcurrsnoe of ~mr defaulf. ~
Any notice to Maker shall be sufficiensly served for atl purposes if leh upo~ w pl~ced in Ih~ mail, postaqe prepaid, addressed to fM ~
~ premius at ~he address shown below or any otfier addreu shown on Bank's rsco~ds. ~
~ Wherever rhis note is execute~ by s co-maker o. endorser who is the wife of a m~ker or endaser, the said wi~e does henby ex• ;
~ p.essly acknowledqe the within debt as fie~ joint and individwl dtbt. _ ~
` Each of Maker acknowledges recsipt of • completed copy of thia l+toie
5 '
` Addresr. ~190 ~ar"3~.1 P~l:n ~Iv3 4 244 - ~ - _ YS~R ~
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