HomeMy WebLinkAbout0074 a
, • ,~:~t~:1 ;',e3t~j~ ',3;~K ~ INSTAIIMENT NOiE
(~nNK Nnn~F ~ (Setu?~d ~11d UeNtYf~t~
(7omi,~:r+cial_ ~`t . , J~.::z~~.n ~._a :I:, `~.~a2d.::a _ p~.: j~ ~9 _fll s -~.a~~-•
^ L(1CATION
~,..,t . lt~ loan T~rms:
Nob No. Dahd: - r------.----. 19 76
hocsed~ f ....~.~~~:Q~...••--
, . FINANCE i ._..~,s~~~:~.._._..
_ .~~;c.ty (S!~ ) t''S~1I1~:1~3 _ CNARGE
_ _
aiter date the undersigned, herematter called Make~, ~o+ntly and severauy ~ocurrnntary i.
promise(s) for value receried to pay to the order ot the Bank, at its ol/~ce Stamps
as listed above the sum of (totat ot payments) _ C~edit Lifs (or lifs •
_.:FYVF__Z~~Xl:ifis~. 7WQ i~13.~.~ ~IFTX--F~}UR !~idD. SO_/10.0 d~Dlsability)Ins.i
- Dolfars Other {iterrsize)
- - - _ . - _
with inferest fhereon st the rote of ~ fl~ 96 per annum,~j all ~~syable in s~ ~
- mpnthly installments of = g7• Sg each on ~he r~~ day of
t
each iuaessive month commencinQ ~o~n s~ OG7" . 19 .7 G, roqether w~rh
a BAILOON PAYMENT OF Dve X. . 19 ~OU~ 4 1~~ QQ
FINANCED i - - *
A fine computed at the rate o~ S OS per s1.00 on eac~ instbl~r,~enr in delault fo. ~~,a1ely colleded
e period in excess of 10 days may be charged rhe Make~. No such fine s~atl exceed
s5.00. Meker is required to pav all costs ef collettion, includ~nq a asasonab!e attor- charpes (itemize) s '
ney's fee if roferred fw collecf~on or legal proceed~ngs. AII pavmern~, whether prin- '
cipal, iroerest or otherwise, not received when dv~ sha11 bear interest at 10% per - - ~
annum lrom due date ~ntil paid. AII payments made hereunder shall 6e c?edited ANNUAI PERCENTAOE RATE z~.__. ~f
first to interesf, fhen to tawful charges then sccrued, and las+ to principal.
If the loan is prepa~d in full, acceierated a~ ref~nanced, the Maker shall as of ~he date of svch event reteive such refund of tAt un-
earned portion of the credit {ife insurance prem~um and f~nance charge and s~ch o~her credit as may be required by law d~t may b~
' necess~ry to avoid usury. provided that the Holder may ?e?ain a min~mum finance charge of =25.00, whether or not othsrwise earn~d,
and except in the cax of a reF~nancinq, no fi~anc~ chsrge or prem~um refund shall be made if it amounts to less than i1.00. Retention
of eny min~mum finance shal{ be in addition to :ervice cha~ge if any. Any lanquaqe elsewhe~e herein to the Contr~ry notwithsfsndinq,
neither Bank nor any holder hereof shall receive or re+ain any ciSarge or inTerest not allowed by law. n
Aa un~r~fv in. 11~~. ~+avr..nn1 nf fi~ie ~nt~ MrL~~ /~aa ~1~'1~x~ nr r~~nnailwr~ wili~ Ran4 thw {nllnwiM nr[~nerfvA_ 0~~7~~1_.~~~
. ~ -
i:itex~~ t i.n . . 11u-tl~ ~~~f_ Cor~3. ~ 3.. z~ecord~d _ in . . R._ ~OQK ~0 F`~g.e _~9 31. . . t ~
, r; _ . . p , r`- -~-;!~-t>'c . ~
.
u~ it?---~.t~ _Gs~nd. C Adpt, . ~k~. G3_ ~s ~e~ . . ~ir( sa~d -mbr*
(irxl~diny all cash, stock and o~her dividen s and aIt .~ghts to subscribe for securities incident to, declared or pra~ted in con~edio~ ith
such property), whith property, togetner w~th ali add~f~ons and subs~~rut~ons hereafter pledged or depos~red with Bank is celled the Col-
laterol. The Collareral is also ptedged as securi~y fo~ all other I~abiLf~es to Bank, (primary, secon~ary, direct, continqen~, sole, ioint or
several), due, or to become due o. wh~ch may be hercafter contracted or acquired, of each Maker (or of each Maker and any othe? p~r-
son). The surrender of this note, upon payment o+ othe~w~se, shal! not affect the right of Bank to retsin the ~ollsteral fw such ofF»r
liabilities_ _
CREDIT LIfE AND CREDIT LIFE 3 D!SABIIITV INSURANCE ARE VOLUNTARY AND NOT RE~JIREO FOR CREDIT. Such insurante
coverage is availab!e at tne cost des~9nated below for the term of :re cred~t: (al S fw Credi! Lifa In- ~
surance (b) S 4or tred~+ l~fe 8 D~sabit~ty Insurarxe:
Check
Appl. Q Crcd~t life Insurance is desired on the life of .
- - -
Box
_ . . _ _ Birthdate _ .
p tredit life ~ D~sab:Iity tnsuronce is des~red on _ _
.
_ _ _ Bi~thdete
t~; Crtdir Life and/or Disability Insurance is noY desired ~ - .vy - ~
" . . f
i
' '
y_ ~~~y ,
Date: Si nature - . t - _ - - ' `
J'E'~~ ~ • T _ 13~~ 9 . `L.~l-?F+v~- r~~~ ~
S~gnatu~e ~ ~ - - - - --••F E'
Additions to. +eductions o+ ex<_hanges of, or subst;tut~ons for the Collaterat, payments on auount of fhis loan or incresses of ihe
same, or other loans made partia:ly or wF.oi?y upon the Coi;ateraf, may from time to time be made withouf affectinq the prwisions
of this note Bank shall exeruse reasonable care ~he cus~ody and preservar;o~ of the Colla+erel to !he extent required by eppliable
statute, and shall-~be deemed to ~ave exe+c~sed reasonab:e ca~e ~f ~r rakes such action for that purpose as Maker shall ressonably request
in writing, b~t no omission to do ar.y act ro! .equesred by tllaker sha~~ be deemed a fa~ture te e¦ercise reasonable care, and no omis-
~ sioe to comply with any requesr of Altaker shatt of itself be deemed a fa~lu~e to exeruse ~easonable care. Bank shall not be bound to
take any steps necessary to preserve any r~ghis in the Collateral against p.ior parties and Maker shall take all neceisary steps for such
f purposes. Bank or its nominee r.eed not co!lec~ interest on o~ p~incipal of any Co~~ateral o• g~~e any notice with respeci to if. "
If ihe Collatera~ shal! ai any time become unsa+~sfacto~~~ to Bank, Maker shaii with;n or.e day aher demand ptedfle and deposit
~ with Bank as part of the Cof~aterol add+!:cral property wni:h is safisfacrory fo Bank.
~ If Bank deems itself ~nsecure, or upo.~ t~e F.appen~ng of any of rhe fotlowing even~s, each of which shall constitute a default hero-
; under, alf liabilities of each 1.1a4er ro Bank shall fhereupo~ o~ therea!rer, at rhe option oS Bank, without noti<e or demand, become due
[ and psyable: (a) the failure of any Ob:igor (wni~h term s~+all mean and inc!ude esch Maker, endorser, surety, and yuarsntor of this
note) to pe?form eny agreement he.eunder, ro pay ~nterest hereon w~+h~n ten days afte. is is due, o. if there be no due date, aher it
i is billed or otherwise requested or demanded, ro pay any other liab:l~ry whatsoeve~ to Bank when due: (b) the desth of any ObliQ~
€ (c) the filing of any petition under the Bankruptcy Act, or any similar iederal or state statute, by or ayainst a~y Obligor; sn spp~uA-
tion for the appointment of a receiver for, the making of a genero! ass~gnment for the benefit of cr~d~tors by, w tfie insolvency of any
€ Obligor; (e) rhe entry of a ju~gement against any Obligor; (f) the issu~ng of any attachment or garnishment, w the filinq of any ~ien,
~ against any property of any Obfigor; (g) the tak~ng pf possess~on of any suBstantial parr o4 the p?operty of any Obliflor at the instence
of any govemmental authority; {h) the dissolution, merger, co~so~idat~on; or reorganization of any Obligw; (i) the sssigmnent by any
Maker of any equity in any of the Collateral wifhout fhe written consenr of the Bank. Each Oblipor he~eby wsives any req~iremeM of
$ notice or demand refteding such accelerat~on insofar as such rer~uirement be in addition to the mere exercise of any ~emedy afforded in
~ this Note or the institution of suit by the then holder.
Bank shal~ have, but shali not be limited to, the fo~lowing riohts, each of which may be exercised at any tims whether or not this
E note is due: (i) to pledge or transfer this note and the Co!lateral and Bank shall lhereuROn be retieved of all dufies and rtsponsibilities
~ hereunder and reiieved from any and aiI liabit~fy with respect ~o any Coliateral so pledged w transferred, at~d arryr pledqee or trans-
feree shall for all purposes stand ~n the place of Bank hereunder and have all the rights of Bank hereunder; (ii) to tnnsfer the whole
or any part of tke Co!lateral i~to ~he name of ~tself or its ~om~ree; (iii) to vote the Collateral; (iv) to ~otify the Obliqcxs of any Col-
~ lateral to make paymenf to Bank of any amounts due o+ to become due thercon~ (v) to demand, s~e for, colket, w make any tom(xo-
mise or ser.tement it deems des+~able wi+h reference to th~ Collateral; and (vi) to take control of any proceeds of Coflatersl.
Bank is hereby given a lien upon and a security interest in alf property of eath Obligor now o~ at eny time hereafter in ths pos-.
~ seuion of Bank in any capaciryr whafsxver, ~ncluding bvt not limited to any balance ar shsre of any deposit, trusf, ws~e ncy aaount,
as the seturity for the payment of ihis note, and a similer lien upon and security interest in all suchpr operty of each lNake~ as secwAy
for the payment of all other liabiiities of each Maker fo Bank (including liabilities of eacfi Maker and any other perso~); ~~d Ba~k shsll
have the same righrs as to such prope.ty as ~t has •~ith respect to +he Co~~ateral.
If Bank deems itself insecure or ut3on the occu~rence of any default herevnder Bank shall hsve the fo?eclosure and othe~ remedies
of a ucured parry under the Unifo~m Commercial Code, or other appiicable law and, without limiting the generality of the fweqoirg,
Bank shall have the right, immed+'ately and w~theut further actio~ by it, to set off against this note sll money owed by 8ank in amr u-
pacity to exh or any Maker; and if such set off shail «cur, Bank shall be deemed to have exercised such riyht of set off a~d to heve 1
~ mede a charge aga~ns? any such morcey ~mmediately upo~ the occurren:e of such default even though s~ch charye is made w eotered
~ on the books of 9ank subsequent rheroro. Unless the Colfateral is perishable or threatens to decline speedily in value w is of a typ~
= cusromar~ly sold on a recogn;zed market, Bank wiI! g~ve Maker reesonable not~ce of the time snd place of any public sak thereof or of
~ the time after which any pnvate sale or any other imended disposition thereof is to be made. The regviremenf of ressonsble ratia shall
~ be met if such not~ce is ma~led, postage prepaid, to sny Maker at the sddress~iven below or at any other ddress shown on the rao-
o~ds of the Bank, at least five days before the time of the sale or dispoiilion. Upon disposition of am Collatera) after the occvr?ence
of any defevlt hereunder, Maker shall be and rema~n liabfe for any deficiency; and Bank shall saount to Maker for any surplus, but ~
~ Bank shail have the right to appty aIt or any part of such s~rplus (or fo hotd the same as a reserve against) any and all other liabilitits
- of each or any Maker to Bank.
~ No delay or omissio~ on the part of Bank in exercising any riyht he~e~ndei shall oper~te ~s a w~iver of such ri9ht or of any other
4 right unde? this note. Presentment, demand, protest, notice of dishonor, and extension of time withd~R notice are hereby weived by
~ each end every Obfigor. The Ob!igors, ~ointly and severslly, p~om~se snd aqret to pay all costs of collecrio~ and reasonable attwneys'
; fees (nor less than 10% of the p~~nc~pal sum) incurred a paid by Ba~k in enfottiny this nW~ upon 1he occurrenos of a~ly dtfauh.
Any notice to Maker shall be sufficiently urved fw all =pu~poses if kh upon or p~eced in tt+e ms~~. Pos~+9e PfeW~. +~~essed to tht
~ premises at the address shown betow w a~y other sddrtss ~hown on Bank's ~ecads.
~ Wherever this note is execured by a co-maker or endwser who is theyyiifs-oFamske~.~ tndorser, the said vN~fe doss hereby ~x-
~ pressly acknowledqe the withi~ debt as her joint ~ir+dividua} dsbt~i ~ \ ~ _
~ Each of Maker acknowledges receipt of a complefed <opy of~Nota on thf abov . .
.
} 2n5 ~,zrst ~7.e : } -
: Addross: . -y - - - - `s"~`!'.' ° - .'-'_-p'--d~~
~ :s1~er ~ ~ ^I.0 ~ 3 Pau1. A. ~:~z~3.r~ , . s-
~ ~-.sa , t~r~a ~ _ - - .
~ t ~ ~ ~ ~ s .;Yi _ _ .
(5~M
.w= - . F--- - - - - ~
: ;,5 „o ?;,,6 6GGX~ f~f,ff ~ nw.~eli~ i. F-iering~ ' -
e~ _