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_ ~ - INSTALLMENT NOTE r
~ • BANK NAME (S~CYf~ ~fld U11NtVf~1ry
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•~OCATION
~ loan Ttrma
Not~ No. D~t~d: 1 , 19 '.~;c . g
Vroceeds ~
~ _~!1. 1 J-_Y..~~..••-
. HNANCE _ _~3$~.5t)
....--------...--_..._.....~1:,'tY... ~1~:?~---- CMARGE
atter date the undersigned, hereinafter called Maker. jo~ntly and severalty pocumenr.ry i___...______..~._~...
promise(s) for value ~eceived to pay to the orde~ ol the Bank, at its ottice St~mpa
as I~sted above the sum oi (total of payments). Credif life (or lih
1;~C ~ i?~:i~~i7._i'~.~ I~'L~~?~:D `l'~°~ r'~J~ 1;!'r ? {~0 _ . ~ Di~bility) Int.i
_ . .
Other (itemiz~)
A._.__~.___~~._~~-------__...---•- Dollars • . .
_
with interest tMreon ~t th~ r~N of ~,1 per annum, sll paysble in
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mw»hly inst~llments of •7~ _ each on ths ---~(~,t-}~... day of
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sach suaeuiw month commencirp on _~~r"nl `~X"- 19.~.~ toqether w~~h ;
a BAILOON PAYMENT OF i_.....__:~CY7E3-.--- Ove . 19 ~ It~IANC~ = J ~2z. QD ' .
. .
A#ir» computed af the rote of =.05 pe~ =1.00 on each instal~rtKnt in default fw ~~ratel collecr~d
a psriod i~ ~zcess of 10 days m~y bs chsrqed the Maker. No such iine shall axcsed Y -
=5.00. Maker is required to pay all costi of collectio~, includin~ a reasonable atto~- cha~es (itemiu)
n~y's fee if referred for collection or i.°..-..-•----~•--
IeQsl protsedinqt. All paymeMS, whetne. prit?-
cipal, interost a othe~wise, not rec~ived when due shall bear interest at 1096 per i--.--..-•--------..__..__.._
annum from dus date until paid. All payments made hereunder shall be cred~ted ANNUAL ?ERCENTAt3E RATEZQ X
fint to interest, then to lawfvl charqss then accr~ed, and las? to principal.
If the toan.is prepaid in fu~l, scceierated w refinancetl, the Maker shall as of ths date of such evenl rec~ive tuch ~~fund oi tM un-
Nrnad portio~ of the credit life insurence premium and finance charge and such otber crsdit ~s'may be required by law or ~s may b~.
neces~sry to avoid usury, provided that the Holder may ?etain s minimum finance charqe of s25.00, whether w not otMrwiss earrnd, _
a~d except in the case of ~ refinancin9 no finar,ce charqe a premium ref~nd shall be msde if it arnovnts to ku than i1.00. Retention
of amr minimum (inance shall be in at~ditio~ to service chsrpe ii any. Any lanquaqa elsewhere Mrein to the contrary nofwifhitat~dlnq,
neither B~nk nw,any holder hersof shall receive a retain any charpe o~ interest ~ot allowed by law.
As security fw the peyment of this ~ote M~ker has pledged w deposited w~th Ba~k the followir?q prop~rt~ _~Q~~_~.~V~~
• ~ ~ ~
1,~r;~T-.>~ .-1:2.~~__~-~~_-i'~-_--~-+- : r-'74--~• , _ -~gs_1'~.-~-3~...._._
~ .
' ' --L-----i~._u~?....G . ",~zt..~~.---~.-~.__~s_ _ ~ ~'~S_.~_~.i.l~.~a~s~~---=--• .
(irxludinp all cssh, stock snd other divi~ends and all rights to subscribe for sec~rities i~Cident to, declared p~rant~d in c Mttion with
such ~Qperty), which p?operty, together with all add~tions and substitutions hereefte~ piedqed or dsposited with 8tnk is ulled the Co1-
I~tera . The Collateral is also pledged as securiy fw all other liabilines to Bank, (primar~, secondary, direct, conti~qe~t, sote, joint or
•evs~aq, due w to become due o? which mey be hereaher cw+tracted w acquired, of,each Maker (w of each AAaker and~r~y other p~r-
son). Ths surronder of this note, upon payrt?ent a otherwise, shall not affett the ri9h!-of Bshk to r~t+i~ the Collatenl for svde WMr
liabilities.
CREDIT IIFE AND CRE~IT IIFE 3 ~ISABlIITY INSURANCE ARE VOtUNTARY_ AN~ NOT REQUIRED FOR CREDIT. Such iniunr+o~
covers~e is evailsble at the cost desiqnated below for the term of the credit: (a) S.._____r___..._____._..___ fw Gedit life Fn- -
suraeae (b) S-_------•----- fw Credit Life 6 Disability Insurance: -
Check .
Appl. Q Credit li4e Insurance is desired on the life of ~
Box -
_ BirtFxlete - ~
~
~ •
p Credit life 6 Disabifity Insurance is desired on ~
Birthdste -
_..---------------------•-•---z----•--°---•--------
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~'Credit Life and/o? Uiseb+lity Insurente is ~of i .
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Date: ------rr~'.1.__'_7G..----... Siynature _ Q'1c'1tZE3~3 1~. L~T~.C~
~
, a
Si~nsture---- - - - - - ~ar~.Y3T~'AZ3~.' ~1C'~
Additions to, reductions or exchanges of, oi substitutions for he Collateral, payme~ts on socovnt of this (oen or incmeses of th~
same, or other loans made partially o. wholly upw~ the Collaterol, may from time to time be made wirhoul affactinq the provisio~u s
' of this note. Bank shall exercise reasonsble care in the cust ~u '
ody and preservatio~ of the Collateral to the.e~Ctent required by appliuble
' statute, and shsll be deemed to have exercised ~easonabte carc if it takes such sction fw th~t purpase ss Mske~ shall rsasonably r~qwst ~
in writiny, but no omiuion to do any act not requested by Maker shall be deemed a fail~re fo exercise reasonable care, and no omis-
sip? to comply with any reqvest oi Make. shall of itself be deemed a failure to exercise rea~nable ure. Bank shall not be bound b i
tske any steps ncceuary to preserve any riqhts in the Collate~al against prior parties and Maker shsll take all neoessary st~ps fw wch ~
purposes. Bank ot its nominee need not collecf interest on o? prirxipel of any Collaterel w give any notite with rospett fo it.
` If the Collateral shall at any time become unsatisfactory to Bank, Maker shall within one dsy after demand pledys and deposit
~ with Bank ~s part of the Collaterst sdditional property which is satisfsctory to 8ank.
~ If Bank deems itself insecure, or upon the happening of any of the followiny events, e~cfi of wFi~ch shall co~stitvte ~ defauh hen-
~nder, atl liabilities of each Maker ?o Bank shall thereupon or thereafter, at the option of Bank, without notice or demand, become due
i and payrable: (a) the failure of any Obligor (which rerm shall mean and include esch Maker, endwser, surcty, and ywnntor of this
' note) to perform any aqreament hereunder, to pay interest hereon within ten days after it is due, w if thers be no due date, after it
E is bilkd w otherwise req~esled w demanded, to pay any other lisbitity whstsoever to 8ank when due; (b) the deati~ of ~ny Obl' '
~ (c) the fitirq of any petition under the Bankruptcy Aa, o~ any similar federsl or state stawte, by otay ainst any Obliyw; an a ~ca-
3 tion for the appointment of s receiver fw, the making of ap neral assignment fo~ the benefit of psditon by, or ths insolvency at~y +
Obliyw; (e) the entry of a j~dqement against any Obtigor; (fj the issuinq of any aNachment or garnishment, o~ the filirq of sny lien, i
ayainst any property of any Obligor; (q) the teking of possession of any substantial psrt of the property of sny Obliqw at th~ ir?stanos
of arry yovernmentat sut6wiy; (h) the dissolution, merge~, cansolidation, or reorganization of any Obliyor; (i) ths assipnment by am?
Maker of any equity ;n any of the Collateral without the written consent of the Bank. Each Obli~w hereby waives any rpvirem~nt of
notice or demand reflecting such acceleration insofar as svth requirement be in addition to the mere exercist of any remedy ~ffotded in
this Note or the institution of suir by the then holde?_
Bank shall hsve, but shall not be limited to, the following riahts, each of which may be exercised at a~y time whsther or not this
note is due_ (i) to pledqe or transfer this note and the Collateral and Bank shall therevpon be rclieved of ~II duties snd rasponsibilities
hereunder and relieved from any a~d all liability with resped to any Collateral so pledped or trsnsfe+red, ~nd sny pl~dflea or tranr
feree si~stt-fes-al~ purposes stand ~n the plaoe of Bank hereunder and have all the righh of Bank hereundsr, (i~ fo tr~nsfer ths whols
o~ any part of the Collateral into the name of itulf or its nominee; (ii~ to vote the Colletersl; (iv) to notify ths Obliqors of ~e~y Co{- -
lateref to make payment to Bank of any smoums dve or to become dve therew~; (v) to demsnd, sue for, oollect, or makear~y compro-
mise or settlement it deems desiroble with reference to the Collntera~; and (v~ to take control of any proceeds of Collata~~l.
Bank is hereby given s licn upon and s secv~ity interest in all property of eath Obiiqor now or at amr time hemafter In tht pos-
session of Bank in sny capacity whatsoever, includiny b~t not limited to any balanae w share of any dsposit,~trusf, ap~ ncy ~ooouM,
as the sec~rity iw tht psyment of thls note, and a similar lie~ upon a~d secvrity interest in all suchpr
operry o4 each Maker es secui~ty
fo~ the payment of all other liabilities of each Maker to Bank (includinq liabilities of each Maker and amr Wher person); ~nd Bank sh~ll .
_ have the ssme ri9hrs as to such p~operty ss it has with respect to the Collater~l.
~ If Bank deems itxlf insecure or upor? the occurrence of any default hereunder Bank shall hsve the foreclosure and other remedies
~ of a secured party under the Uniform Commercial Code, or other applicable law and, witlwuf limitiny the qeneralify of ths foreqdnQ,
~ Bank shall hava the right, immediately and without fvrthe? action by it, to set off against this nots all money owed by Bank in ~ny u-
~ pscity to each or any Maker; and if such set off shall occur, Bank shslt be deemed to have exercised such riQht of sM off •nd fo haw _
u made a charge against any such money imrt~ediately upon the occutrence of such defa~lt eve~ ttauyh sutfi chsrQe is made a entered
o~ the books of Bank s~bsequent thereto. Untess the Coilateral is perishaWe or thres~er?s to decline :psedily in valv~ or is of a type
t customariiy sold o~ a recoqnized msrket, Bank will flive Maker ressoneble ~?otice of the time and plaoe of eny publk sak the~~of ot of
~ tF+e time after which any p~ivate sale a eny other intsr?ded disposition thereof is to be made. The requirement of roasonable notia sMll
~ be met if such notice is mailed, postage prepaid, to sny Maker at the address yive~ below or at ~ny olher addrsss sFwwn pn fh~ t~t-
~ ords of the Bank, at least five da~s before the time of ~he sale or dispositia+. Upon dispositior~ of any Collateral aft~? M~e oaurrcnce
of any defsvtt hereunde+, Msker shall be end remain liable for any deficiency; snd Bsnk shsll aaount to Maker fw any surplus! bul
~ Bank shal! have the right to apply all or sr?y pert of susch surplus (or to hold the ssrne u• reserve syainst) any ~nd all Whtr )iabi~iti~s
~ of exh w•ny Msker to Bank. ~
~ No delsv or omission on the psrt of Bank in exertising smr ripht herevnder shall opereta as ~ waiver of suth ri~ht or of uiy o1hK
~ riqfit under this nore. Preunrment, demand, protes?, notice of dishawt, snd extsnsion of rime withouf notip ~r~ f~srtby waiwd .by'
each and every Obtigor. The Ob~ipors. iointty ~nd sey~rsll~, promis~ and ~qree to psy all costs of colkction sod reasonable anwn~ys'
fees (not less tfian 1096 of the principat sum) incurred p patd by Bank in enfwdnq this r?ot~ upon tl~.ootwrenas of N+y d~fauh.
~ Any notice to Maker shell be sufficiently served for all purpc~es if le(t upon or plapd fi~ fhe mail, poatp~ prepaid, addr~ssed to fht
premises at the address shown below or any Othet' addfoss shpwn on Bs~s recotds.
~ Whereve? ~h~s note is executed by • co~rn~kw o't endorse~:.~rho is tF~ wih of • msker or endors~r, th~ saW vrih doa h~r~`^by *z- '
presily xknowledpe the within debt ~s hsr p~?~~! i~vMwl debf.
~ Exh of Maker scknowl~dyes repipf; of-a tampfrt~aopy o~ lhis t t~, _ .
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