HomeMy WebLinkAbout0823 'r~ ~ i ; INtTAtIMENT NOTE !
~ BANK NAME (S~cund ~nd Unwcvn~ ~
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LOtAT10N 2
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NeN Ne. O~t~tl: Z i-' ~ ~.19 toan Termi: , ;
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P~oce~df = ' '
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S ~ x ~ , . j 1`S n h S NMARGE _ - - ~
atter date the unde~signed, here~nafter c~1ed Maker, jointly and severatly Oocw~.~mary = {
promise(s) (or value ~eceived to pay to the order oi the Bank, at its oifice Stamps 1
as listed aboye the sum of (tot~l ot payme~ts)_ Crodit lih (w lih ?
F.irty..th2u~~;.~~.__s::~~n.._hun.~r~~- - i:hi~±~.e.~n_...___........... ~ ~i~b~i~ti~ i~s.s ;
:;1:~2.:::1- Dolbrs 4fF~r (itsmizs) i
ti..__ xw~a ~ r~e-.:-.r:- ~.-ss.:r_:- -.-.n y_- x-s._s--.-r..:..r. ;
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with inf~nif 1Mna? ~1 tM ~~b of ~.96 per ~nnuen. ~II p~y~ble in '
.
.•-x - :
mo+ithly i~tallmenb of each on ~M ~C't ~1_. d~y of ~
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.
~ch suoc~uiw month comm~nci~q on . . _._~.a,. 19-- o- ~ toqetM~ w~th ~
a BALIOON PAYMENT OF i----._ I1~11~--•.-.----.. Due . 19 AMOUNT ~
- - fINANCEO i
A fins tomputed ~t fhe r~M of =.OS per s1.00 on each instal!mem in default for ~a~~~~ly cotl~ct~d
ap~ iod in ~xcss: of 10 day~ nay be ch~rqad the AAaker. No svch fine shsll exceed ~
Si.00. Maksr is nquired to pay al~ tosts of collectio~, incl~dinq a mason•ble anor- ~t++~Ws (iMmiz~) s .
neyb f~e if roftrred /o~ coll~ction w kpal prxeedinys_ All pay~nents. whether prin- '
Npal. Int~rost w otherwi~, not r~ived when due ahall bear in~erest at 1096 per i.-..--..--_--_.--
a~num from du~ date until paid. All paymen~s mad~ hereunder sh~ll be credited ANNUAt ~ERCENTAGE RATE X,
fint to inttrost, then to lavrful charq~s then accrued, and lat~ to pincipsL
If tF~ loan is pnpaid in full, accelerated w refi~anced, tl~e Maker shsll as of th~ da~e of such w~nl ~suiw such reiund of th~ ue~
Nrn~d ponion of tF+~ credit life insurance premi~m and finaoce chs~fle and auch othe. crodit as may b~ rpuired by I~w or ~s m~y b~
rncessary to avoid usury, provided that the Holder may retain a mi nimum finance c1+~rqe of :25.00, whsther: a not otMrvvis~ ~unsd,
and except in the cue of a nfinanciny, no finante tharge or premiuen niund ahell be made if if amounts to (esi fMn =1.00. R~ftnlion
of ~ny minimum finsnct shdl be in sddition to servite chsrpe if sny. Any languaye elsswhtre FNrein to th~ contr~ry npfwiti?standinp,
MilMr Bank no? any holder hereof shall raceive a retain any char9e or interest not allowed by Isw.
As seivrity fa tht psyment of this note Mak~r has pledged or deposited with 8ank 1he followinq propKfy: ~ 7~_
. . . .
, ~ = i.~ t ~ ` r•t]_~ : c~'~'f ~'O'lCe ~ 1'$COY'l24'~ 1ri i%•;<• f~Ofl:: Z.~.u ~
~~L~:..s.Y.c.S~.f-~----..~_~~~'S~$_k__-~~_t__t_. i32~._-- - -
s T~ - -
~~c3ite i ~Jl ,~~5~. t'r`~t3l~S-'-}. i ~ l-~ - . F !Y ia~ V~f y:~
- 0 11 ir. ,.cr.~. C-~ Aot/:~o. .k~ c._s:.rz.~ec~ ,
-•-------~-l-'•="---- - •
(intludin~ ~II cash, sMtk and other divide~ds snd sll rights to subscribe fw setvrities incident to, dKlared pr 9~+nfsd in cpnnectipn with 7~:'_
suthpr
operty). which property, toqethe? with aH additio~s and substitutions hereafter pled9ed or deposited with Be~k is cslled tM tol-
I~Mr~I. The Co~latersl is also p!ed9ed ss sec~riN fw all othe. liabilirfes to Bank, (primary, secondary, diratl, con?i~nt, so{e, joint w~~'-
sewral), due o? to become due o. which may be hereafte~ contracted w scquired, of each Ahaker (or of exh Maker and any Wher ptr-
son). The svrrencler of ihis note, upon payment or othervvise, shall not a(fect the ri9ht of Bank lo retsin the Coll~teral fw such oth~r
(iabilities_
p CRE~IT IIfE AND CREDIT IIFE 3~ OISABIIITY INSURANCE ARE VOIUNTARY AN~ NOT REQUIREO FOR CREOIT. Such insunnoe
-D cowrpe is av~ilabla at the cost des~qnated below for the term of the credit: (a) fw Crodit Life In-
d ; wana (b) S---.-----------------------------------_..----.-------- for Credit lite 6 Dissbility Insur~nce:
g ~ .
e~ . ? Crodit life Insurarxe is desircd on the life of
~ O ~ ' x • -
c
- Binhdate -
~N$w
. ~ Q Credit Life 6 Disability Insurance is desired on -
~ pC O L~ - - Birthdate - _
~Q
V ~ Credit life snd/or Disability Insurance is not ir
~ f~ - = ---••-----°V-------°-----•-•-------------.~__
$ X,------- S_ J hn i~F.
: tt: ----l-Q-_:j11_ =~-1~--------.. S~ nature - J d :'G' = ~
• - - - ~
h ~ ~ . .
G SiynaturoX---- . t.CI~:"__..' --.l~_~d:_...._._.~ tC3Y'~3'1 .T. J?C~~:;S- .
~ Additions to, reductio~s w excha?~qes of, a substitutions for the ollateral, payments on aaount of this loan or increasts of ths _
ssme, pr other Iwns made partiafly or wholly upon the Collsteral, may from time to time bs made wifhout affettinp the provisia?s
of this ~ote. Bank shall exercise reesonable ca.e in the c~stody and preservatio~ of the Coltaterel to the extent req~ired by applic,able
• statute, and shall be deemed to have e,cercised ressona~ie care if it takes such action fw tl~at purpose as AAaker shall reasonebly req~rsst
in writi~+p, buf no omiuion to do a~y act not reque:ted by Maker shatl b~ deemed a failure to exercise ressonable c~re, ~od no omir
sion fo comply with any request ef Maker shsll of itself be deemed a failure to exercise reaaonsble ure. Bank shall nof be bo~nd to
tak~ any steps necess~ry to preserve any riyhts in the Collateral a9ainst prior pa.ties a~d Maker shatl take all necessary steps fw such
purposes. Bs~k w iri nominee need not collect interest ort or principal of any Collateral or give any notice with respact to it.
If the Collateral shall at any time betome unsatisfattay to Bank, Maker shall within one day after demand pledps and deposit
with @ank u p~A of the Coltstersl additional property which is satisfactory to Bank.
If Bsnk deems itself insecure, w upon the happen~r.g of aMr of the ~ollowin9~v ents, each of wKKh shsll co~stitute a default hen-
unde~, all li~bilities of each Msker to Bank shall lhereupon o• thereafter, at the op~on of Bank, without notice w demand, become due
~i and pay~bk: (a) the failure of any Obligor (which term shall mean and include each Maker, endorser, surety, ~nd puarantw of this
nofe) to perform any aQreement hereunder, to psy interest hereon within ten dsys afte. it is due, or if there be no due dat~, ~fter it
is billed or otherwise requested or demanded, to pay sny other liabil~ry whatsoever to Bank when due; (b) the desth of a~ry Obli~ot~
; (c) the fitirp of a~y petition u~der the Bankruptq Act, w any similar federal or state stateite, by w inst any Obliyw; ~n ~ppliu-
~ tion for the appointmenf of a receiver for, the msking of ap neral assipnment fw the benefit of cr itors by, or the insolvency of any
Oblipor; (e) the entry of a jutbement against any Obligor; (fj the issuing of sny attachment or qsrnishment, w the filinq of sny litn,
a~sinst any property of eny Obliyw; (9) the taking of possession of a~y substsntisl paA of the property of eny Oblipa ~t ths instanoe
~ of aoy po~vtrnmental a~thwify; (h) the dissolution, merger, consolidation, w reorgsnization of any Obli9w; (i) the auipnment by ~rry
~ Mak~r of any equiy in any of the ~otlateral without the written consent of the Bank. Each Obligor hereby waives soy requiremsnt of
notite or demand reflecting such accelerstion insofar as such requirement be in additio~ to the mere exercise of any retnady affwded i~
this Noro o. the institutio~ of svit by rhe nc~n holde..
Bank shatl have, but sha!! r.a! be limited to, the followinq riohts, eacF+ of which msy be eze?cised sf any fime wF~ether a rat this
~ ,nofe is due: (i) to pledye w transfer this r?ote and the Cotlateral snd Bank shall thereupon be relieved of all duties and responsibilities
~ hereunder and relieved from eny and all liability with respect te any Collsteral so pled9ed or transferred, and any pkd9ee a trans-
feree shsll fa all purposes stand in the plxe of Bank hereunde~ and have all the riyhts of Benk hereunder; (i~ fo transfer ttw wFak
or arry psn of the Collateral into the name of itself or its nomi~se; (ii~ to vote the Cotlsteral; (v) to notify the Obliyors of any Col-
latarel to make payrrsent to Bank of any amounts due or to become du~ thereon; (v) to demand, sve for, colled, a make any compro-
mise or senlert+~nt it deems desirable with reference to the Collatersl; snd (v~ to tske control of any proceeds
~~oflateral.
! Ba~k is hereby yiven a lien upon and a set~rity interest in all property of each Oblipor now or st any'tim'e~fieresfte? in the pos-
i session of Bank in any capacity whatsoever, includi~ but not limited to any batance a share of any deposit. tnnt, oraqe ncy account,
~ as the aecurity for the psyment of this note, end a similar lien. upo~ and security imerest in all such property of each Maker as securiy
for the psyment of all Wher liabilities of each AAaker to Bank ((ncludinq liablities of each Maker er+d se+y other person); a~d Bank shsll
have the same riphts as to such property as i? has with respect to the Coltateral.
E If Bank deems itself insecvro w upon the oaurrence of sny default hereunder Bank shell have the fweclosurc ~nd other ?ert+edies
! of a setvred party unde~ the Uniform Commercial Code, w other applitsble Isw sncl, without limitiny the generalify of the forefloitq,
~ Bank shsll hsve tlu riyht, immediately and without further sdion by it, to sN off sysinst this note ~11 mw~ey owsd by Bank in any u-
( pacity to each w any Msker; snd if such set off shsll occur, Bank shall be daemed to have exercisad such r~'pht of set off and to hew
~ made e chsrpe eysinst sny such money immaiiatety u{~pn the acurrerxe q{~~uch defautt even thouqF~ s~ch charye is mads or entered
on the books of Bsnk subxqvent thereto. Unkss the Collsteral is perishsble or threstens to decline speedily in value w is of s t~pe
f cusrwnarily sotd on a recoq~ized ma.ket, Bsnk will yitne Msker reasonsble~qotice of rhe time and plaoe of arryr public sak lhereof w of
' the rime ~fter which any privatt ssle w any orher intended disposition thereof is to be msde. The rcquirement of reaso~able notice shill _
be met if such notice is mailed, postage prepaid, ro any AAaker at the sddress given below w at s~y other sddress shown on tM no-
ords of the Bank, at least five da~s before the tims of the sale or disposition. Upon disposirion of sny Collatersl sfier t}?~ accwrence
of any defa~l? herevnder, Maker shall be and remain liable for any deficiency; and Bank shall xco~nt to AAaker fw a~ry surplus, but
'F Bank shell have the ri9ht to spply sll o~ any part of s~ch surplus (or to hold the sart+e as s reserve aqei~st) a~y ~nd dl oth~r liabilifies
o~ e~ch w ar+y Maker to Ba~k.
` No delay a omission on ~he psrt of Bank in exercisirq sny riqht her~under shall opente ss a waive~ of s~cl+ r'~Qht or of any other
~ right u~der this note. Presentment, demand, protest, notice of dishonoi, ~nd extension of time withwit notite are FKreby w~ived by
o exh and every Obli9o.. The Obli9o.s, jointly a~d severally, promise ~nd aqree to pay all costs of collection ~~d re~sonable ~ttorneys'
~ fees (not less than 10'16 of the pr~ncipal sum) irx~rred or psid by Bank in enfwcirq this note upon tFk oocurrance of uiy defauB.
Any notice to AAake. sMll be sufiiciently served for ~II purposes if l~h upon o~ pl~ad in the ~nail, postapt prep~id, addrsssed to tl+~
premisas at th~ address shown below w any other ~ddr~ss shown on 8ank's r~cwds.
Whe.evsr this note is executed by a co-m~k~r or r~dwser vlrtio is th~ wif~ of s maker or erdors~r, the said wiFe does Mr~by ~x-
~ pressly acknowl~dy~ the within debt as her joint and individwl debt. .
Each of Maker ~cknowl~d~es reoeipt of a complered copy ot Mis on t a da1
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