HomeMy WebLinkAbout0836 • 7 1~~,•1_~,~t.h INfTAIIMENT NOTE
BANK NAME • (S~VfMI if~ U11MtY?~
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LOCATION
I~NN Ne. Oat~d: _~c~~,Eatn} ~ r~.. 19 _.t~ loan T~rms~ '
n.««ds t ~.r.3U~ . OU-----
' ~ _ ~ NNANCf i - ~ -~:,.Z~~~.~~1~.'
- . . .~~Ql_ :Xk1k23~9 . - _ CMAR4E
after date the unde?signed, here~na~ter called Maker, jo~ntly and severally pocum~ntary t
promise(s) tor value rece~ved to pay to the order ot the Bank, at +ts ottice S~~?DS '
as Gsted above Me sum of (totat of paymeMs) Cndit Uh (or lih
_.~'~L'E__~r`~~.312._~'~'i_.13(, ~(~t't'Y°FCyC?~? ,j~i)..6~~1100_ 6 Disability) Ins.:
~,,~u.,. Othsr (ilemiss) -
• _ _ - _ . _ _ _ _ s
with int~r~st thsnon at the uM ot 1.Qi~Q Y. per annum. sfl psysb{e in :
-
monthly inst~llmenq of s each on ~he 9~ d~y of
eath ~uoceuiw month commentirq on Dt' 21 , 19 ? ~ , toqether with = .
~ HAtIOON PAYMENT OF s_ _ . Dve _ . Y _ _ . 19 _ _ - ~HNANGEO ; 4 ? -~Q~ •
A fine computed at the ~a1e oF f.05 pe. 51.00 on each ins?ai~mem in defwit ~w ~ ~~~~teh coll~ct~d
a period in excess of 10 days may be charfled ~he Make?. No such 4ine shall exceed ~hary~s (itemizt) _
ZS.00• Maker is required to pay all cofts of coilection, indudinq • ressonable snor-
r?ey's iee if reierred fw <oltection a leqal proceedings. AU permenes. whethe~ prirn
cip~l, interost or otherwise, not received when due 'shsll bear mreresl a1 10°Ye per = r.-..---
aeu?um irom due date ~ntit paid. A4l peyments made he~eunder sfia?1 be credited ANNUAI rERCENTAdE RATE %
iirst to interest, then to Iawful charqes ~he~ accrued, and last ~o p.incipal.
If the loan is prepsid in fu?1. accelerarcd or .ei~nanced. ~he AAsker shsll as of the d~re ot ~uch evcnt r~ceive s~ch ?efund of tM un-
~arned pwfiO~ of the tredit life insu?ance premium and /inance thsrge and svch other credit ~s m~Y be rsqvired by Isw or ss may b!
necessary ro avoid vsury, provided that tht Holder mav rerai~ s min~mum f~nance chsrge oi S2S.00. wherhe? or rqt otherwise e+rMd,
and e:cept in the case of a~el~nancing. ~o iinance charg~ o. prem~um .efund shall be msde if it amounts to fess than =1.00. Rettntion -
of any minimum f;nance shall be in add~T~on ro serv~ce charge if any. Any Isngvaye eluwhere herein to the con~rs?y notwithsta~dinq,
Milher Bank nor any holder hereof shelf receive or ~eta~n any charge w intcrest not sllowed by law_
As secvrity fo? the payment of this nore Ma4e. hss pledged or depos~red wirh Ba~k the followinq property: A. _U[ka~~v~~
~ _ . _ _ _ :
• • 1 ~'4 =~~1 3 ~ . ~ ' '
i.ur?_. r~core~x_ ~n V.t:. r_s~raK l~U Pac-e 1931. L~rti.t i~leeks
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4~__~n3..49_.in_ CSO~x~• i~'7 f~7t. f.'~7 t~i3 C~at
aGl~t~ fl'1 ~i- F1~~~e.`----.--
(it?cludireq all cash, stock and o~her dividends and a11 .ights to subu+~be for securities incident to, declared or pranted in ca+nectio~ with
such property), which property, toge~he~ w~?h a~i add~+~ons and wbs?~?ut~ons herealter piedged w deposited with Bank is called the Col-
leter~l. tfie GoHsteral is also p.edged as securny for al~ other Gabil~r~es ~o Banlc. (prima.y, secondary, direct, contie~gent, sole, joinf a
several), dve o. to become due or wh;ch may be he.ealre. co~~racted or acquired, o~ cach Maker (or ot escfi Msker and any other per.
son). The surrender oi this note, upon Revment or otherw~se, shafl not afFect rhe ri9ht of Bsnk to retsin the Collaterat io? s~ch other
tiabilitiss. -
CREOIT IIfE AND CREDIT IIFE b DISABIIlTY IWSURANCE ARE VOLUNTARY ANO NOT REpU1RED FOR CREOIT. Suth insursnos
coveraqs is ava~tsbfe st She cost designated ixbw for the te~m of ~ne uedit: (s) f fw Cred~t Life In-
svrance (b) S.... . _ fo? Cred~~ life 6 D~sabiliry Insurance:
thsck
~ Appl. p Credit life Insu~ance ~s desired on ~he tife of - - . - - -
- - . -
Box
~ !j - - _ _ _ _ . Birthdatc _ _ . . _ _ _ -
a C
~ ~ ~ ~ Credit life 3 Diubility lnsu!ante is desired o~ . - - - -
c
; p ~ ~ . . - . - - e~h . , - _ . . - - -
c N 0 u,. Z] Credit life snd/or Disability Insu~ance is not- s~red. . L._ -
~ ~ - ry, ~ _ _ - c-t ----j~OS
3 ta. _...~J O VP.IYtZie X'. t.. i y i 6 Siynarure x s'-~-. - ~C'1 1~. 1t.~.-'Zr_
..,'r -
~ ~ ~
~ ~ p ~ $iqnefV~Q _ aY '~it.t-_`.~~. ~-s:..._..~.t i.~2 l7. ~7S'4.~11.
c 3~ VL Additions to, reducrions o? exchanpes oi, or svbstifutions for thE Col~ateral, psyments on sccount of this loan o~ inc.eases of tt?e
~ g same, or other loans madt partia~{y or wholly upon the tollateral, may from time to tirne be n+ade without effetfiny ths prOViiions ,
of this note. Bank shalt e.cerc~se .easonable care in the custody and preservation of the Co~lste.sl to the e:tent ~equ~red by spplicabl~ % ~ '
C ~ st~tute, snd shatl be deemed to have exerNsed ressonab~e care ~f takes svch ection fo. that purpose as Maker shaN reaonably request `
y in writinq,. but ~o omission to do any act not reqvested by Maker shall be deemed s fa;fure to exercise :eesonable care, ~nd no omis- '
sion to comply with a~y request of Maker shaN of itsetf be deemed a ia~~ure to exe.ciu reasonable care. Bank shall not be bound to
t take any steps necessery to p~eurve any rights in the Collareral against p.ior parties a~+d Make~ shs11 lske a1f necessary steps fw such
purposes. 8ank w its nominee need not collect interest on w principal of any Colla~erel o. give any ~otice with respsct to it.
~ If the ~ollatersl shall at any time become unsat~sfsdo~y ~0 8ank, Maker shsil within one dsy after demand pledqe and deposit
with Bank as part of the Collsteral add~t~onal property wh~ch ~s sar~sfactar ~o Bank.
ng of any of the follow~r?g events, each of which shall constitute a default here-
j ff Bank deems i~self insecure, or upon ~he happeni
urKler, all liabilities of each Maker to Bank shall thereupon or thereafrer, at ~he optio~ of Bank, wfthout not~ce or demand, becwn~ due
and payabte: (a) the failu?e of any Obt~qo. (which term shall mean and include each Maker, endorser, surety, and 9uarantor of this
note) to perform any agreeme~r hereunder, to psy inr=rest hereon within ren days aher it is due, w if there be no due date, afier it ~
' is billed or otherwiu requested or demanded. to pay any olher liabihry whetsoever to Benk when due; (b) the death of any Obliqo~ ;
(c) the filin~ of any pet~t~on under the Bankruptcy Ace, o. any s+m;lsr fedc+al o? s~ate s~stute, by orag ainst eny Obligo?; (t~ sn appliu- +
tion for the appoiMment of a roceive? fo., the msking of a 9eneral ass~gnment for the benefit of credito~s by, or the insolvancy of arry.
~ Obligw; (e) the enfry of a ivdgemcnt aga+nse any Obtigor, (f) ~he isw~ng of anY enxhment w yamishr»ent, w the tilinq of erty lien, ;
sgainst any properfr of any Obliga; (g) the taking of possession of eny s~bstantial psrt of the property of s~y Oblipor st the insterxe
of a~y qove*nmenl~t authority: {h) tne d+ssoi~tion. merger. consolidarion, or reorganizarion of ~ny Obliqor, (i) the assi9ement by any ;
AAaker of sny equity in any of the Collaterel ~rithout the written consent of the Bank. Eath Obligor hereby waives a~y requirement f ~
notice or demand reSlttting svch scceleration insofar as such requirement be in addition fo fhe mere exercise of amr remedy affor in ~
this Note or the institutio~ o~ suit by the then holder. _
Bank shall h~ve, bu1 shsll noi be limited to, rhe Iollowing riohrs, each of which may be exercised at any time whether or nof this '
nole ~s due: (i) to pledge or transler this ~ote and the Collateral and Bank shal!_thereupon be relieved of slt duties and respons7bitif'~es ~
hereunde? and relieved from any and at! liabil~ty with respect to a~y Collsreral so piedyed w trsnsferred, and any pled~ee or trans-
feree shatl fw all purposes s~snd i~ the place of Bank hercunder and fiave a11 the rights of 8ank hereunder; (ii) to transfe? the whole
w any part of the Collateral into the neme of ~tsetf o. its nom~nee: (iii) to vote the Collateral; (iv) to notify the Obti9ors of eny Col- i
letetel to mske payment to Bank of any emovms dve or to become due thereon; (v) to demand, sue Ior, colkct, w meke any tompro- :
mist w settlement it deems desirable with refe~erxe to the Collateral; and (vi) to tske control of eny proceeds of Collaterel_ ?
;
Bsnk is hereby giren a lien upon and a sec~riry interest in all property of esch Obliya r+ow or at any time hereaher in the pos- ;
seuion of Ba~k in any capaciry whatsoever, including btit not limited to any bslante or sh~re of sny deposit, tn?st, w syancy account,
ss the security for the payme~t of this ~ote, snd a similar lien upon and secu?ity inte?est in all such p~operty of each Nl~ker ~s security }
fw the psyment of all o)her liebilities of each Maker to Ba~k (includirq liabilifies of erch Maker snd sny other person); end Bank shall
heve the same ri9hts es to such p.operty es ir hss with respect to the Collateral. ;
If Bank deems itself insecure or uoon ~he xcur.ence of any defauTt T+ereunder Bank shall have the forecTosure end other remedies `
~ of a setured party under the Uni(orm Commercial Code, or other spplicabte law and, witho~t limitinq the peneralily of the fo~egoi~?q, ~
Bank shall have 1he riqfit, immedietely and without fu?~her action by it, to set off aqainst this nofe ~II money owed by Bank in sny c~- ~
pacity ro esch or any Maker; and if such set off shall occur, Bank shall be deemet! to have ezercised such risht of set off end to h~ve ~
~ made a charye s9ainst any suci+ money ~mmediately upon the occ~rrence o( such default even though such charye is msde w entered
r on the books of Bank subsequent ~hereto. Unless fhe ~ollsteral is perishable w threate~s to decl+ne speedily in vslue w is of s type
` customarily sold on a recognited market, Bank wi!I give AAaker ressonable notice of the time and place of any public sek thereof or of ~
~ the time afrer which any privire sak o? any Wher ietended dispositio~ the~eof is to be made. ?he reqvirement of resson~bte notKe sh~ll ~
i be met if svch ~otice is mailed. posts~e prepaid, to any Meke? at fhe address given below or at eny other address shown on ths rec- ;
ords of the Bank, at least five days befe~e the time o( the sete or d~spos:~irn. Upon disposition of any Collatersl after the occurrence +
of sny default hereunder, MakerKhall be and rema+n Iiab!e lor any deficiency: and Bank shall ~ccount to Maker fw any surplus, buf
` Ba~k shall have the right tu apply all or any part of sucfi surptus (o? to hold the same ~s a reserve syainsy any and all other liabilities
of e~ch or any Nl~ker to Benk.
~ No delay or omiss~o~ on the part of Bank in exerc~sing snv riyht he~eunder sh~tl operafe is e waiver o1 svch ri9hf or of ~ny other
~ right vnder ihis note. Presentment, demand, protesr, norlce of dishorar, and ex~e~sion of time without notice sre hereby w~ived by
~ each and every Obliqor. The Oblipws, joinrly snd seve.alfy, promise and aflree to pay sll costs of collection and reason+ble ~nwneyi
fees (no~ less tha~ )0°l'0 of the principal sum) incvrred or p~id bY Baok in entorcins this note upon tfis occurrena of ~ny def~ulf.
Amr notice to Maker shall bs su(ficiently served /pr atl pu~posea if left upon os plaud in the m~il, posta~t p?epaid. iddresud to ths
premises at the eddress sFw~n below w~ay peher ~ddreu s4wwn on Kprds.
Wherever this note is~ e:~cured by i' co-mske? a en~forser who '`ths if~ of e maker or endors~r, the ssid wife does Mnb1r tx-
p~essly Kknowledqe the witfiin d~bt as fier jant and individWl de t.
Esch af AMker ackrwwlselges rec~ipt of ~ completed copy of thi o~ tl+~ d+t~. ~
. ,~y,,~ :
6365 S~r3 . (~_~C~,__ ~ .
Address: ;----1-1r--~-
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