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HomeMy WebLinkAbout0643 JFti«~'i1 i i ~i .\r:• ~R~'~.' . INSTXLLMENT NOTE - UANK NAMf. (S~cur~d and Unwcursd) ~+7, J'•' ~ ''.r~ :"r* FT., 3 345T Ser.t.. ib 81 9.391. 80 Dw: 19 - : - - ` ic~cnr~oN ~ ep:ember I6 7r~ loan Te~ms: ' No» No. - Dat~d: 19 . Pr«eeda t 7~ OQO.-00 ' ~~fY ~60~ Iti~ OAii1R FINANCE z 01~. 'i0 ' CMARGE s ~ • - _ . _ . _ . . . . 1~. !0 ' after d.ite ihe undersigned, here~nafter caUed Maker, ~o~ntly and severally Docum~~ury i i promise(s) for value received to pay to the order oi the Bank, at its office S~amps ~ as ~~stg~ above th~ s~~n ot ~tqtat ot a en s C~edit life (or lifs 352 ?0 j ~Rw 1~usar.c r~ ~~t+nd~r~~' ~~~ief~ -onP ~-,a ~~^.f1 J1n0 d. Disability) Ins.i . ~ ~ - _ . _ . . - _ . . . . pthe ( emi ) - - oon..: r ~r nons ~ - - . _ - ~--lA~ OA. . . s witF~ ~ilterest theroon at the rate of1; E-. 96 per annum1~l~~syabie in t mo~thly installments o( S- f ~~tRMh tFy~ _ _ dsy of = ~ _ - . . each successive month commenc~~ _ , i 9.. , to9ether with a BAIIOON PAYMENT OF pue AMOUN? 7'~ b~ 3n - - _ . 19 . fINANCED i A fine computed a1 the ~ate of s.05 per =1.00 on each insteltmeM in default for x~~~~~~ colledsd a period in excess of 10 days mey be cha~yed the Meker. No such iine shall exceed charqes (itemize) =5.00. Maker is ?equired to pay all costs of colledio~, includiny a reasonable at!or= ney's fCe if referred for to~lettion o? legsl proceedings. All paymeNS, whether prin- _ ~ ~ cipal, interesf or othe?wise, not reteived when due shall bes? iMerest at 1096 per : ~^;-i, annum irom due ~1ate until paid. All payments made hereunder shall be cred~ted ANNUAI PERCENTAGE RATE fint to interest, then to lawful charyes then accrved, and last to principal. If the lonn is prepaid in full, acceterated or ~efinanced, the Maker shall as of rhe ds~e of s~ch event receive s~ch refund of the ~n- es~ned portion of the credit life i~surance premium and finance charge and such other credit ss may be required by law a as may b~ necessary to avoid usury. provided that ~he Holder may rerain a mi~~mum f~nance charge of 525.00, whetl+er o~ not otherwise earned, and except in the case of s refinencing, no finance charge o~ premium reiund shall be made if it amo~nts to less than s1.00. Retention of any minimum finance shall be in add~tio~ to service charge if any. Any languaqe elsewhere herein to ihe contra?y nofwifhstandinp, neither Bank rwr any holder he~eof shall receive o~ retain any cherge or interest not a!lowed by law. ~~O'~.`~?8}~~!fC ~:.~~f ';7°f t~(f~1('~: l`~~~ Oi ~?c?~la~~~I (Jt]t t~~~t~~Ll1C1@ ~ inp coperty: _ . ![1 _ . . . . - - - - - ----~n-- Hollday -Travel 7`raiter, R x 2~3. I.1~. ~'1r`x:10~4H252T- _ - - - - _ _ . _ . _ (including all cash, stock and other d~vidends and all r~ghts to subsc~ibe for securities incident to, declared or granted in co~nection with suth properfy). which property, togethe~ with ali add~tions and substitutions he~eafter ptedged or depos~red with Bank is called the Col- lateral. The Collateral is a~so pledged as secur~ty for all other liabilities to Bank. (primary, secondary, direct, continyent, sole, joint p several), due ar to bec~me due or which may be hereafter contracted or acqui.ed, of each Me4er (or of each Maker and sny other per- ~ son). The surrender of this nore, s,pon pa~ment or otherwiu. shall not affect the right of Bank to ?etain the Collsteral for such other liabilities. ~ CREDIT LIFE AN~ CREDIT LIFE 6 DISABIIITY iNSURANCE ARE VOLUNTARY AI~~PEeEQU1RE0 FOR CREDIT. Suth insu~ante t coverage ~s available at ~he cost des~gnated below for the term of the uedit: (a) S~ _ _ fw Credit Life In- surance (b) S for Cred~r Gfe 3 D~sab~l~ty Irsurarue: Check ~~rilliam F. 2~:oore Appl. ~ Credit life Insurance is desired on the tife of - . T~~~ Box ~.8V - . _ Bi~thdate _ _ . _ - . . - ~ ? Cred~t tife ~ Disabil~ty tnsurance is desired on _ _ _ _...0 Q~ _ _ _ Birthdate _ _ - - - Credit L~fe /or e ility Insurance is not desir _ . : e~te .p r j`~, ] 8~~g ~ _ l . ~ o~ ~G Date: _ . - _ Siynature _ _ . . _ _ . . . ~ l j `fitYa~ ~ . I~ioore-- - - , Signature _ - - - . Additions to. red~~ctions or exchanges of, or substitut~ons for the Coltateral, payments on account of this loan or increases of the same, or other loans made parna~ly o~ wholly upon the Col!ateral, may from time to time 4e made without affecting the provisions ~ of this note. Ba~k shall exerdse reason~b~e care ~n the custody and preservarion of the Collatera! to the extent required by applitable ~ statute, and shall be deemed to have exercised reasonab~e care ~f it takes such action for that pu?pose as Maker shall reasonably request ' in writing, but no om~ssion to do any act not requested by Maker shall be dcemed a lailu~e to exerciu ?easonable care, and no omis- ~ sion to comply with any request of Maker shall of ~tself be deemed a fs~lure to exeruse reasonable care. Bank ahall not be bound fo ~ take any steps necessary to preserve any rights ~n the Coliaterel against ?rior part~es and Maker shatl take all necessary steps for such purposes. Bank or its nominee need not colllct interest on or p~incipai of any Co~lateral or give any notite with rtspKt to it. If the Collateral shall at any time beceme unsatis4actory to Bank, Make? shail within one day after demand pledge and deposif with Bank as part of the Coltare.al additional property which is satisfactory to Bank. If Bank deems ~tself ~nsecure, or upw~ the happemng of any of the following evenfs, each of which shall constitute a default here- under, all liabilities of each Maker to Bank shatl thereupon or thereafter, at the option of Bank, without notice w demand, become due a~d payable: (a) the faiture of any Obiigor (which term shatl mean and inctude each Maker, endorser, surety, and puarantw of this ~ note) to per4orm any agreement hereunder, to pay interest hereon within ter, days after ii is due, or if there be no due date, after it is billed or otherwise requested or demanded, to pay sny other liability whatscever to Bank when due; (b) the death of any Obliqw; (c) the filing of any petition under the Bankruptcy Act, o~ any s~milar federal or state statute, by or against any Obligor; an apptica- ~ tion for the appo~nrment of a receiver fo~, the mak~ng of a general assignment for the benefit of aeditors by, or the inwlvency of any ~ Obl~gor; (e) the entry of a~udgement a9a~nst a~y Obl~go.; (f) the issuing of any anachment w garnishment, or the filing of any tien, j against any property of any Ob~fgor; (g) the taking of possession of any substantial part of the property of any Obl~gor at ihe insfance ~ of any governmental aurhoriry; (h) the dissolutio~, merger, conso~idation, or reo+ganizatio~ of any Obtiyor; (i) the assignmenf by any Maker of any equity in any of the Collateral without the written consent of the Bank.. Each Obligor hereby waives any requirement of rwt6ce or demand reflectireg such acceleration insofar as s~ch requirement be in addition to the mere exerciu of any remady afforded in this Note or the institution of suit by the then hoider. ~ Bank sha!! have, but sha!~ not be lim~ted to, ihe fo~~owing .iahts, each of which msy be exercised at any time whether a nW this note is due: (i) to pledge o. transfer this note and the Collateral and Bank shall thcreupon be relieved of sli dWies and responsibililies hereunder and relieved from any and all liability with .espect to any Collateral so pledged a transferred, and any pledgee or trans• feree sha~l for alt purposes sta~d ~n the place of Bank hereunder and have all the rights of Bank Fxreunder; (ii) to trsnsfer the whole w any part o4 the Co!lateral inro the name of itself or its nominee: (ii~ to vote the Collateral; (iv) to notify the Obligws of any Col- ' laterai to make payment to Bank of any amounts due or to become due the.eon; (v) to demand, sue (or, collect, or make any compro- ~ mise or settlement ~r deems desirable w~th refererxe to the Collateral; and (vi) to take control of any praeeds of Co!lateral. ~ Bank is hereby given a lien upon and a security interest in ali property of each Obligor now ot at a~y time hereafter in the pos- session of Bank in any capacity whatsoever, inefuding bvt not limited to any balance w share of any deposit, ir~st, w ayency account, ~ as the security for the payment of this note, and e similar lien upors and sec~rity interest in all such property of eath Maker as securi~! for the paYment of all other liabilities of each Maker to Bank (including liabilities of each Maker and sny other person); and Bank sha~l ~ have the same rights as to such property as it has with respect to the CollateraL !f Bank deems itulf insecure w uoon the occurrence of any default hereunder Bank shail have the foreclos~re snd other remedies ~ of a secured party under the Uniform Commercial Code, o. other applicable law and. wilhovt limiti~ the generality of the fore9oiny, Bank shall have the right, immediately and without further action by it, to set ofi against this r?ote al money owed by Ba~k in any ca- pacit~ to each w any Maker; and if such set off shall occur, Bank shall be deemed to have exerc~sed such right of set off and to hsve ~ made a charge against any such money immedistely upon the occurrence of such default even though such charge is made or entered on ihe books of Bank subsequent thereto Unless the Coltaterat is perishable o~ threatens to decline speedily in value or is of a type customar~ly sold on a recogn~zed market, Bank will g~ve Make. reasonable notice of the time and piace of any public sale thareof or of the time after which any privare sale or any other ~ntended dispositio~ thereof is to be made. The requirement of ressonable notice shall be met if such notice is mailed, postage prepaid, to any Maker at the address given below a ar any othe~ address shown on the rec- ords of the Bank, at least five days be~ore the time of the sale or d~sposition. Upon disposition of any Collateral after the occurrence of any defauft hereunder, Maker shall be and remain liable for sny deficiency; and Bank shall account to Maker fw a~y surpfus, bu1 ~ Bank shall have the righf to apply all or any part of such surplus (or to hold ihe same as s reserve s9ainst) any and sll other lisbilitiss of each o. any Maker to Bank. No delav or omiss~on o~ the part of Bank in exercising any right hereunder shell operate as a waiver of svch tiyht w oi any ofher ~ right under this note. Presentment, demand, protest, notice of d~shonor, and extension of time withovt notice are hereby waived by ~ each and every Obligo.. The Obligors, io~~tty and uve~alty, prom~se end apree to pay ell costs of celleUio~ and reasonsble anornayi fees (not less than 10% of the prinupal sum) incurred or paid by Bank in enfwcing this note upon the occ~rrenoe of any defsulf. ~ Any notice to Maker shall be suff~cie~tly served for all purpous if !eh upon o~ pleced in the mail, postaqe prepaid, addressed fo ths ~ premises at the address shown betow o~ any other address shown on Bank's recwds. Whereve. this nofe ~s executed by e co•maker or er+do.se? who is the wife of a maker a endorxr. the said wife does hereby ex- ~ pressty acknowledge the within debt as her jo~nt and individua! debt. Exh f Maker acknowled~es receipt of a completed copy of rhis NWe on the sbove date. r~~~ A~E 631 ~I1~a ' aht:~ ~ vc~ ~:ie ` ~ P Address: - il~ )3il-. : s - ~r O~J~'C - - a~ ~ ~ ;q . . . . . . . , . . ~ ir-,i: ~~cbig. L~~~:a?e~. ~!22~ ` - ' / .