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INSTAtIMENT NOTE ~
(S~cw~d and Uns~cured) ~
No» No. Z4_2 5~2 Dafed: Seyt`28 , 19 76 Du~: .,~e~i 25• 19 81 f~, 4Q1_ 4Q
toan Term~:
Vr«a+ds i ._~,.,~.QQ..~Q.___
_~~___.t~0~....--•---•.S~1.T..Y...MQ~I~.I~S. FINANCE
af!er dst~ tM undersi9r?ed, hereinaf~e~ calied Maker, jointty and severally CNARGE _'"~'"~9~~
promise(s) for valw ~eceivtd to pay to the order of Finf Nationsl daek of Oocumemuy wl!~~.25
~arf ~i~rct hereertafter ca) ~B
~k, t~'it Q,t~f' q t~/ ~ r~! FI y!~~,(?~ ~+~^Ps 5 Yrs, Oil ~~j
of (~otat of payments) ,~l~iLLY.~i..~.ti~V~~i.~~._~~.V.~.~IJ.tVL.~~D Credit life (or tife
a
.ONE..l~O~.._I.fAR$. AI~~••--.--40/ 100.-..-.-.-_--._~.-.-__-_---- Oisability) Ins.t SZ..S~Q._._._
Dollus her(ite ize)
with i st t er vat tFw r~h of 9~.~.~~ pK annum. ~II payable in ~ eres~ _.2, 099 yb5
20, ~irfst.~~m.ab of t 470,,.0?_.... e.c), ~h. .2.~~.t~'1.__ a.y oI t. None----------_
s -None.---------.._..
sscA suaeu~w month canm«+c~np on -,~1A....__.25---- 19. ~oq~ther wirh
• BattOON PwYMENT OF =_None- p„~ None 19 FINANCED
aNOUNT ~ 30L 75
t
A fin~ aompuMd at fh~ rat~ of s.05 per jl_00 0~ ~ach inst~i!m~nt in defaul~ for ~~~~Nfy coli~ded
a period in ~xc~ss of 10 days may be charpsd the Mak~r. No such fin~ shall exceed
i5.00_ Mak.r is requi..d ro pay att cosn of cotl.crion. includirp a rsasonaW~ afta- r~~~u'~"~~ j 0
nsy's fe~ it nfernd (w mlbction a I~q~l proa~dinqs. All p~Ymenls. wM~h~r ••--••••----•....`.OQ----
cipal, int~nsl or WMrwis~, not reteived wt+~n du~ shatl besr int~rest ~t 109: pe? 6C,
gc ~X i ..-----.~Z'.-8~..._.
~nnum from dus date until paid. AII payments mads hereunder shsll be credited ANNUAL PERCENTAGE RATE 9~ ?~j(,
fint td inl~nsf, tMn to lawfvl cMrp~s tF~n aocrwd, and tast fo principal.
If the loan is p~r~paid tn full, xnl~rated w refinanc~d, the M~ke? shall es of ths da~~ of suth event rece~v~ ~uch refved pf th~ un•
earn~d pwtion of tF~ uedil lif~ insu.arxe p~emium and finano~ char9s ~nd such o~Mr credit aa may b~ rp~ind by law a ~s may b~
oeoassary to svoid usury. provid~d that the Holder may retain • minimum financ~ char~ oF ;25.00, whetF~er or eot otherwis~ e~?ned,
and exc~pt in tM use of a nfina+~cin~. no finsnce ch~r~ w premium refund shall bs m~ if H~mo~rnq b less than =1.00. R~t~ntion
of ~ny minirnwn fin~nc* ahalt b~ in sddition to senios cfiarge if any. Any lanQuaQ~ ~Iswvhsr~ hsrein to the cont~ary notwithst~ndinp.
oeitM~ B~~k nor sM? hold~r Mnof shsll reoeiw o~ rotain any charqe a int~rest oW ~Ilow~d by law.
As ~.wrih ~ ff+• wrm«++ oi th~s not~ MakK hu p1.d~.d a. depos~r.d with s,nk th. ro~~owirq p~op.n~,: FIRST MORTGAGE
_QN ~L ~~T_ATE--------••-•----------•------------------------•-~------
- ~~a..-.a_ar~.~ ~ ~ ~ r_r.~~.sr_.~.~s.s~r~
~~.r.ss.-_~
~ - ~ - ~ ~
~-~.-r
~ - ~
~ ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ r
- (includinQ al! ush. slodc and olMr dividends ~nd all rights to subsaib~ fo~ sKurities encidtnf to, diclsred or yranted in tonnsr.yion wifh
such pwp~rfy), whkh pop~~ly, toq~thN with sll add;~ioas and wbstitutions he.eafter pl~q~d w depos;ted wirh 8ank is ul(~d tF~ Gol.
tabr~l. TM Coltat~ral b also pltdp~d as s~cu~iy fw aU otMr li~bilities to Baok. (primary, secondary. direct. coMiny~nt, sol~. joim or
sewr~l). dw or to becae~e du~ w which may b~ F+Ne~fter connacted or acquired. of each Makei (or of each Mak~r and any o~M~ qr-
sonj. Th~ sur.+nd~r of Mis ~oM, upon paYmen? o? otM.wiss. shall not affect th~ ripht ot Bank to retai~ th~ Coll~rsr~l ta s~xh otMr
li~bititi~s. . . .
: CRE~IT UFE AN~ CREOIT llff b DISABIlITY INSURANCE ARE YOLUNTARY AND ~p
T q IRE~ FOR CRf01T. $ueh inwrae~p
cowny~ is avi a~ the cost desipn~t~d bdow for the term of the uedit: (s) S.1$:j~SO~pYS~g_-_8( oOredit lih In-
surano~ (b) i~4~$~ fw G~dit life a o~~asN i~,..~.: on ~~f0 .
a~ - ' . . - _ ~ . • ~
~ i. ~ G.dir tih Irou.ana is a.~~.a o~ ft,. i~t. ot ~__Thelma A. Gharles - .
, ~
- - ~ - B~.Md.n 5---2'
-=1 ~
p erod~r Lih 6 Disabi~iiy ~eso.anoe is d.~red on ____.4------_~.-- -
_ ~ Birthd~t~ • - -
? Cndit l'~fe and/a Disability Inswance is not
ar.: ~t• 28, 1976 s~y~an,.. ~ ~
. Siqn~tun
Additiora to, red~ctions or ex:hanpes of, a substitutions for the Collate~al, payments on aocount of this loan or inaeaa~s of the
sarr~, or otne~ foans made pa~tially pr wholiy upo~ !M Co1l~teral, mey From time to timc be made wishout affsttirs9 the ptovisiorts
of this rwt~. Bank shall txercise reasonable csre in th~ custody and preservaYwn of the Cotlateral ro the extent required by applicabl~
statute, end shall bs da~m~d to have exercisad reasonabl~ caro if it taicss such ection for that purposr as Msker shsll reasonably rsquest
in writin~, !wt ~o omission to do sny act not req~eated by AAaker shall be deemed a faitu?e ro exercise reason~ble ure, ud no anir
sion fo comply with ~ny reqwst of Maker sh~li of itsetf bs dee~rxd a failure to exc~cise reasonable ure. 8ank shsl! r~ot bt bow~d tu
tak~ ~~y steps nec~ssary to pr~serve ~ny riQhts i~ the Collat~ral aqainst prior panies and Maker shall take sll naaessary ateps fo? wch
purpos~s. Bank o~ iri nomina~ need not cotlect interest on or p?incipd of ~ny Cott~reral a 9ive any noriu with rcsprct fo it.
!f tM Collate~a! shall at sny iirrw becqn~ •unsatisf~ctory to B~nk, Maker sh~ll withi~ one day after demand pl~dq~ and d~posit
witfi Bank as psn of the Coll~te?al additional p.operty which is sstisfactory to Bank.
If 8ank daams its~lf ins~curo, or upon tM happeninq of ~ny of the followirq events, each of whid~ shsll constitvts a d~fauh hero-
under, ~!I liabilities of e~ch Mak~r to Bank shall th~rwpon w tMreafter, at the option of Bank, withovt not;ce er damand, be~,ome dut
and pay~W~: tM ~ailur~ of ~ny Obliyw (which t~nn shalt mean and i~clude e~ch Meke., er+do.ser, su.ery, and ~wranrw of this
note) to p~rform any pr«rt~nt Mr~under, to pay int~re~t hareon within ten days ~fttr it is due, or if thsre b~ no d~e dat~, ~ftq it
is billed or dMrwia~ t~qwst~d ot d~m~nd~cl, to pay any other li~biliy whatsoever to B~n4 when due: (b) the death oI ae+y Obtiqor:
(c) tF~ filinp of ar~y p~tition under tfie B~nkruptcy Act, w any similer fsderal or srate statuta, by or inst arry Obliqor, (cp an appt;u.
tion for th~ appointmem of a rec~iwr fa, th~ makieq of a peneral a:signment fa th~ b~nefit of itors by, w tfie insolv~ncy pf ~ny
Obtiqor: tht ~ntry of a j~~
nf ay~inst iny Obli~or: the iss~i~g of ~ny ~ttachmeM or qsrnisFunsnf. or ths filiny of any li~n,
.~yainst ~ny prop~rty of ~ny pbliqw• (9) ths t~ki~q of posxssio~ of any svbstantial part of rhe prope.ty of ae~r Obl~gor ~t tt+e i~st~~u
of ~ny yorwmmfnt~l aurhorily: (h) the dissoivtion, rnNQer, cortsolidsr~on, or reorpani:ation of ~ny Obligor; the assi~ment by a~y
Mak~r of any puity in ary of tM Collateral witho~t the w~itt~n oons~M of the Bank. Each Obligw hereby waives any rtquireminf af
notice o. d~nund refteoiny such sacel~rarion insohr as sucfi re~vi~emtnr be in addition ~o rhe me.e e~ce.c;se of any renwdy ifforded in
tnis 13r,h or ths isssitutian af suit by t4t thsn !+alda-.
B~nk shall F?~w, but shall not b~ limited to, ths followirq riohn. each of which mry bs e:ercised at ~ny tirn~ wherh~r or np1 this
nof~ is dur. (i) fo pl~dp~ or hansfer fhis nW~ and th~ Collateral and Bsnk sh~ll ther~upon be reliwed cf all dvtiss ~nd responsibiliti~s
henund~r and r~tiev~d frpn aery ~nd all liability with rssp~ct to un? Collateral so pl~dqed er trsnsferred. ~nd aM pt~dyN ar tra~u-
fere~ slull for all pwposea itand in fhe p1~w of Bank her~w~der and hm all tM ~iyhri of Bank hereunder; (ii) to tr~nsf~r tM whole
w•r~y p~rt of th~ Collst~rd ieno tM name of itself o~ its nominee; (iii) to vote the Cclbteral; (ivy ro notify t1.e pbl;flors of any Col-
fa~~rat to m~k~ p~Ym~nt to Oae~k of iny aeravnts dw a ta becoms dw thereon: !v) to demand, sue for, col{ect, o,r m~keany compw~
rnis~ or sNtbmsnt it dNms desirabl~ with nfersno~ to tM Collateral; and (vi) to t~ke control 01 any proceeds of Coltater~l.
Ba~+k i~ h~r~by qiwn • li~n upon ~nd a s~curity int~mst in all properfy of each Obtiqw now or st a~y time hRMi/tN i~ ths pos-
seuion of 8ank in any up~aty whatsosvM, includinq b~t r~o! iimi~ed to any bal~nee or share of any deposit, trvst, or aq~ncy accoum,
as r1+e s.cvrny fw t1+e p. of this note. ~nd ~ similar lisn upon a~d s~cvriy interest in aIl sud+ prope.ty of each Maker as s~curity
for the p~yn»n?t of all li~bilili~s of sacb Nl~k~r to B+nk (includinq liabilities of esch Nlaker and any other persony: and Bank shall ~
hav~ th~ sain~ riyhts aa to wch prop~rty as it h~s wirh roapsct to rhe Collateral. .
If 8ank dKms itself insanx~ o~ upon th~ oocvrnnoe of sny de/avlt htr~vnde~ 8ank shal! have the tweclosure ~nd Wher rsrnsd;rs
of • s~c~nd p~rty under tFw Unifam Commsrcid Cod~. or other applicable I~w snd, witFwv~ limitinq the 9e~,erNiry of ~h~ fo~poinp.
Bank sMll haw th~ ri9M, imrtwdia»ly ~nd witF+ovt furtF~ actio~ by ir, ~o set off aqainst fnis nore ~!1 ~rroney owed by 8a~k in ~ny ca.
pacity to ~ach or ar+y 1N~ker; and if such s~t off shall occur, Bae+k shall ~ deemed ~o have esercis~d such riqht of iet off ~nd to have
madr ~ ci~~e p~inst ~ny wch mw,~y imrt~tdi~t~ly upon tM oaurranc~ of such def~ult even thouph suth cl~arye is made or ~nt~rrd
on th~ books of d~nk wbs~qwm rh~r~ro. Unlass ths Colt~t~.~l is p~rishabl~ p ~hreatens to declin~ speedily in valw or is of ~ ryp~
cvuomarily soid on • r~coqnit~d markN, Bank will qive Mak~r .•asonabl~ oorK• of ~he ~;~„a ,r~d prace ef a~y pubtK :ak ~hereof or of ~
th~ tims ~fter whicl+ iny priva?~ sal~ or ~ny other int~ndsd dispos~tion thertpf is ro be msde. The reqvirement of .essonable notic~ sh~ll '
b~ m~t if wch notic~ is maibd, postaqe prepaid, to any Maker ~t the address given telow o. at ae?y other ~dd.~ss sFwwn o~ tM :~c-
ords of Mr ~nk, at I~~st fiw d~ys befwe ths Nm~ of rht sal~ or disposit~on. Upon d~spositiw~ of any Coll~teral aft~r H~ oav~renc~
of any defwN herew+d~r, Maker shall be and rernain liable for any defia~ncy: ~nd Bank shall ~aount to Maker /w any wrplv~, b~t
Bank sMii haw tM rpAt to ~pply ~11 or any pan of such surplvs (or tc hold the same is a r~serve ~y~inst) ~ny aed all ot1+~. liabilitiy
of ~ach or any Mak~r W dank. -
No d~try or orniuion on th~ pNt o( Bank in ea~rcisirp ~ny riph? htr~u~dtr shaH op~r~t~ as a waiv~r of such riqht w of uryr ot?~r
riyht ~nd~r shis nor~. h~otm~m, d~mand, proNst, notic~ of dishono.. and e¦tens~on of time wirhovt nwiu are i~e.tby w~ivtd by
~+~h +^d ~v~.Y Ob1i4o~. Th~ Obliqo~s, iointly u+d sever~IlY. promise and aqree ro p~Y all costs of cotl~ction ~r,d ~easona~i~ ~norneyi
le~s (na I~as ?h~n )0% of th~pr incipal sum) ~ncwred o. p~~d by B~nk ie ~niwcinq th~s nae upon rhe «cwr~ 01 ~ny d~fauft.
Any notice to Mak~r shall be suff'~ciently s~rv~d for ~11 purposes if I~h vpon o~ placed ~n th~ mail, poa~~qe prepaid, add~ess~d W tiw
premius a~ ti~ addnss slwwn b~{oav or any othtr ddress shown on Bank's recwds.
MIA~~wN this not~ is ex~cur~d by • cwn~k~r p ~~do.ur who is tht w;te of ~ make. w endorser, the said wif~ does Mnby ex-
Wessly acknowl~dp~ tl,~ wirhin d~b~ as I,~r p;m ~e~d individwl debt. ~
E+eh of Maker ackrawl~d~s r~otipt of ~ tanpl~t~d topy of this on ~he abov i~.
~wd..u• 1619 MayflQwer Rd ' ~ u.1~?
cs..n
Thelma A. harles