HomeMy WebLinkAbout0123 • '1t;~tJ'T~; f:1•,:~' "~;:.C~(~~;?'~~$~ T;JI~. INSTAtUMENT NOTE ;
~ ' ~ 9ANK NAME ' (SKY~~~I ~11d UII{ftYf~ ~
L. 0. :7l?~ c` ~ U ~ .{:'.~i`i.'iT'.~ Y L1~'-.r 7. ~ i~ l iJ~~'3`~i1~f JC . G~
Dw: 19 = 5 ~ ? ~ ~ - ~ R i
LOCATIUN . ' #
(~Gober g ~ 76 toan 7ams: ?
NoN No. Dat~d: . 19 P~oc~ads f.. 4 t.432. QC1.... ~
Si.xty (60) Mont2is - _ ~ - - - ct~u?~
oE s 1, 231. 30----- ~
aiter date the unders~gned, hereinafter cailed Maker, jo~ntly and severally Documenf~ry . ~ I
promise(s) for value ~eceived to pay to the order oi the Bank, at its otfice Srsmps , j
as listed above the sum of (total of payments). _ . C~edit Life (or life •
. .
~+'~''~~~'_~-------`~e~-`-y._H[~~~_'IHZEZ'I'~3y~1__A~!JD..k~~l1dQ 6 Disability) I~s.i
t.
- -
` Dollars ~her (itemizs)
• - . _ - - - - - - - _ = 1
with inte~~st the~eon at ths rate of 00 96 per annum. atl .
payable in
6~ . monthly instal~me+,r: of s- -95..23 each a+ the . f._..--.-.--------------- ~
- day of
each tuaessive mooth commenciny on _~.O~f.t 19~.~p, toyether wi~h S.. ~
a BALIOON PAYMENT OF i--..-- - I!~_ Due ---Y- . . 19 AMOUNT
fl~u?NCEO s . .4 ~ 82 . 40..._._.
A fine computed at the rate of s.05 per s1.00 on each instaNnent in defautt tor k~rately collected
a period in excess of 10 dsys may be charged ~he Mnker. No such fine shall exceed ~harges (itemize) _
SS.00. Msker is required to pay all costs of collection, inct~d;ng a reasonable anor-
ney's fee if roferred for collection or lepsl protcedings. All payments, whether prin- ~
cipal, interest w otherwiu, not received when due shall bear interest at 1096 per S t
annum irom due date until paid. All payments .mede hereunder shall be credited ANNUAI PERCENTAGE RATE ..~Q.. x
fint to interest, then to lawful charges then accrued, and last to p~incipal. ~
If the loa~ is p?epaid in full, sccelerated or refinanced, the Maker shall as of the dare of such event receive such refund of ~he vn-
earneci porNon of the credit life insurance premium and f~nance cha~ge and such o~her credit ss may be required by law or aa may be
necessary to avoid usury, provided that Ihe Holder may retain a minimum finance charqe of S2S.00, whe~her w not otherwise esrned,
and except in the case of a refinancing, no f~nance charge or p?emium refund shall be made if it amounts to less than =1.00. Retentio~
of a~y minimum fi~ance shall 6e in addition to se.vice charge if any. Any la~guaye elsewhere herein to the contrary notwithstsndiny,
neither Bank nor any holder hereof shall receive or retain any charge or interosr not allowed by IsHw.~ ~o~m. ' Y , +I
As security for the payment of this ~+ote Maker has pledy~d a deposited with Bank the follow' A a.07~y$ tII1C~ZV~A~ ~
i..~tc~r~s~. in-*-.---~tl:,~.. ~f_- t~oa~c~- --I~---r~oc~rck~ci-- in---- n. R..-- ~oa`~c-- 250, ~aqe 2931_._ .._Linit t~le~ets
40 ar~d_ 41_ in__Gand. C-13! Ap~t..---?30. ~-13.as c3e~~csibed_ in_ saici !nartg.~ye• ~
- -
(includi al~ cash, stak and othe. d~vidends and alt ri hts to subscr~be for secur~ties inc~dent to, declared or ranted in connection with
such property), which oroperty, together w~th ati additions and subst~tutions he~eafter pledged or deposited with Bank is called the Col- ~
Isteral. The ~ollateral is also pledged as sec~.ity for all other liabiliries to Bar.k, (primary, secondary, direct, continge~t, sole, ioint o? '
several), due or to become due or wfiich may ue he.ea/ter contrxted or acquired, of each Make? (or of each Maker and any other per- ;
son). The surrender of this ~ote, ~pon_ payment or otherwise, shall not affed the right of Bank to retain the Collateral fo? such other
liabilities. "
~
CREDIT l1EE AN~ CREDIT l1FE 3 DISABIIITY INSURANCf ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Suth insu.ante
coversge is avsilable at the cost designated below for thederm of the credir. (a) S fw Credit lift In- ;
surance (b) S _ . . for Cred~t life 3 Disability Insurance: ?
Check • ;
aPPI. p Credit life Insurance is desired on the tife of
-
Box
- - . . - - Birthdate - ~
- - - - - ~
Credit Life ~ Disabilit Insurance is desired on - - . - `
C1 Y - +
- - Birthdate ~
- - - - -
J
_ __[X Credit Life and/or Oisability Insurance is not desirtd - . _ .
. -~j ~ ~
~
Oate: __~.._.___'-r-- ~1.. I~7~ Signature X~.-- -...~_.lS..L- q-- - - ~~7E.2`~ tc. t~'~tk-3T1 i
Signature -_~-~~--fel~--- "(,.~-.pL-~ltl~°+T $0~11$ A• C~1d~II'dTl ~
i
Additions to, reduttions or exchanges of, o~ substitutions f the Collateral, payment o~ account of this toan or intreases of the ~
same, or other loans made partially or whotly upon the Coltate al, may from time to time be made without affecfing the provisions
I of this note. Bank shall exercise reasonable care ~n the custody and pceurvation of the Collateral tQ the extent required by applicable'
I~ statute, and shall be deemed to have exerdsed reasonab~e care if ~t takes such action for that purpose as Maker shall reasonably rbquest ~
! in writiny, but ~a omission to do any act not requested by Maker shall be deemed a failure to e+cercise reasonable care, and no omis- j
sio~ to comply with any requesr of Maker shall of itself be deemed a fa~lure ro exercise reasonable care. Bank sha~l not be bound to ;
take any sttps ~ecessary fo p?eserve any rights in the Collateral against priw pa.ties and Maker shall take all necessary steps fw such
purposes. Bank or its nominee need not collect interest on or principal of any Collateral or give any notice with respect to it. ;
If the Collateral shall at any time become unsatisfado+y to Bank, Maker shail withi~ one dsy after demand pledye and deposit
with Bank as part of the tollateral additional property which is satisfactory to Bank.
If Bank deems itself insecure, or upw~ the happening of any of the following events, each of which shall constitute a default herr
( under, all liabilities of each Maker to Bank shall thereupon or thereafrer, at the option of Bank, without notice or demand, become due ,
and payabte: (a) the failure of any Obligor ~which term shall mean and include each Maker, endorser, s~rety, and guarantor of this
note) to perform any agreement here~~der, to pay interest hereon within Ten days af~er it is due, or if there be no due date, after it
is billed w othervvise requested or demanded, to pay sny other liab~l~ty whatsceve? to Bank when due; (b) the death of any Obligor
(c) the fili~g of any petitio~ under the Sankruptcy Act, or any similar federal or state sratvte, by or against any Obligor; an applica-
tion for the appointment of a receiver for, the making of a general assignment for the benefit of creditors by, or the inwlvency of any ~
Obligor; (e) the eMry of a judgement against any Obl~gor; (f) the issuing of any attathment or garnishment, or the filing of any lien,
agsinst any property of any Obligor, (g) the taking of possessio~ of any svbstamial part of the property of a~y Obligw at the i~sfance
' of any governmentsl authority; (h) the dissolution, merger, consolidation, or reorganitation of any Obligor; (i) the assignmenf by any
Maker of any equity in aoy of the Collateral without the wrinen co~sent of !he Bank. Each Obligor hereby waives any requirement of
notice or demarid reflecting such acceleration insofar as such requirement be in addition to the mere exercise of any remedy afforded in
this Note or the institutio~ of suit by the then holder.
Benk shall have, bW shall not be limited to, the following riohts, each of which may be exercised at a~y time whether or not this .
note is due: (i) to pledge w transfer this note and the Collateral and Bank shall thereupon be relieved of all duties and resppnsibilities
hereunder and retieved from any and al! liab~lity with respect to any Collsteral so ptedged w transferred, and any pledgee w trans-
feree shall fa all purposes stand in the place of Bank hereunde~ and have all the righrs of Bank hereunder; (ii) to transfer the whole '
or any part of the Collateral into the name of itxlf or its nominee; (iii) to vote the Collateral; (iv) to notify the Obligws of any Col-
lateral to make payment to Bank of any amounts due or to become due therew?; (v) to demand, sue for, collect, or make any compro-
mise or settlement it dcems desirable w~th refererxe to the Collateral; and (vi) to take cont?ol of any proceeds of Collateral.
8ank is hereby given a lien upon and a security i~terest in all property of each Obligor now or at any time hereafter in the pos-
session of Bank in any capacity whatsoever, ir?cluding but not limited to any balance w sharo ot any dcposit, trust, or ayency account,
ss the security fw the psyment of this note, and s similar lien upon and security interest in all such property of each Maker as security
for the payment of all other liabilities of each Maker to Bank (including liabilities of erch Maker and any other person); and Bank shall
have the same rights as to such property as it has with respect to the Collateral_ •
If Bank deems itself insecure o~ upon the occurrence of any default hereunder 8ank shall have the fweclosure and other remedies
of s secured parfy under the Uniform Commercial Code, or other applicable Iaw and, withovt limiling the generality of the fwegoing,
Bank shall have the right, immediately and without further action by it, to set off against this note all money owed by Bank in any ca-
pacity to esch w any Maker; and if such ut off sha~l occur, Bank shall be deemed to have exercised s~ch riqht of ut off and to have
made a char~e against any such money immediately upon the «currerxe of such defavlt even tho~yh such charge is msde or entered
on the books of Bank subsequent rhereto Unless the Collaterat is perishable or threatens to decfine speedily in value or is of a type
cvstomarily sold on a recognized market, Bank will give Maker reasonable notice of the time and place of any public sale thereof w of
the time after which any privete sale or any o:her intended dispos~tion thereof is to be made. The requirement of reaso~eble notice shsll
~ be met if stxh notice is mailed, postage prepaid. to any Maker at the address given below or at any other addrets shown on the ret-
~ ords of the Bank, at lesst five days before the time of the sale or disposit~on. Upon disposition of any Collaterat after the occvrrence .
of any defavlt hereunder, Maker shall be and .ema~n liab!e for any deficiency; and Bank shall sccount to Maker for any surpl~s, but
Bank shall have the right to apply all or any part of such surplus (or to hold the same as a reserve agains~) sny arxl alt other liabilities
of each or any Maker to Bank.
No delsy or omission o~ tHe part of Bsnk in exercising any .ight here~nde? shall operate as a waive: of such right or of any other
ri9ht under this note. Presentment, demand, protest, notice of dishonor, and extension of time without notice are hereby waived by
each and every Obligor. The Obligors, jointly and severally, prom~se and agree to pay all costs of collection and ressonable anorneys'
fees (not less than 1096 of the p?incipal sum) incurred or paid by Bank in enforcing this note upon the xcurrence of sny default.
Any notice to Maker shali be su~fic~ently served fu ati purposes if leh upon or placed in the mail, postaqe prepaid, addressed to the
premises at the sddress shown below or any orher sddrass shown on Bank's records.
Wi+erever this note is executed by a co-maker or endwser who is the wife of s maker or endorur, the said wife does hereby ex-
pressly acknowledpe the within debt as her joint and individual debt.
Each of Msker acknowfedges receipt of a completed wpy of this tVote on the above date. - .
. Q~Q~~
Addreu: --~---------------T~Q--E -Ltf~- I)oC.- . _.~~L 1~'~"'~~ ' - - - f5~a4