HomeMy WebLinkAbout0420 . ...~tvc.tk~. Ree:j,.~~:'L~tee, Inc~ ~ ~~ar~u~Nr NoTE
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l?i,... r!UN DR.T~'J t~~.:~i 1 Y (12 i7 )'"~'~"P~~5 HNANCE r~
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aiter date the undersigned, hereinatte~ called Maker, jointly a~d severally Ooaxn~m~ry '
promise(s) tor value received to pay to the order ot the Bank~ at its office S~wnps ~
as listed above the sum of (total t m Cr~dit lih {or Uh
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Jnt~rost fh~hon ~t tF+~ ~~b of i~~.t.~.~......% P~? aonum tl p i
n t 11 Yab~! in = :
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mombty ins~~llmann of s.....- --•-----.•,~1~ on ~
- - day of
~ach suoassiw month comi+Nncinp on T'@C 5 6. i.._._.~_----•-------- i
19----------~ thtt with
• dAU00N PAYINENT OF =---~~Qhc.-,----.._.._. Dw 19 ~ - ;
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A firn comput~! ~t the at~ of ~.OS per i1.00 0~ each Instai~rt~nt in d~fault for ~~a~~ i
ap~ riod in exctss of 10 dsys may be cMrped tM AMka?. No wch fins shall eacetd
=5.00. Make~ is required to pay ail coats of collection..includinp a re~sonabf~ ana- ~~s t~^i~t) t
ney's fM if rof~rred fw oolkdion a Ip~l proc~di~ps. All payment:, wMther prin. i.-.....____..._.-••-••-_~
dpal, intersst a othervvis~, not r~pivsd whtn du~ shali bear intersst ~t 10% per i..----------• :
aonum from due date untii paid. All paymsnts mad~ hereundar shalt be usdited ANNNAL rQCQ~lTA~iE R~TE X, '
fint to ir?tars~t, then to Iawful charp~s then ~ccrusd, a~d last to principal.
If 1M ioan is pnpaid in :vii. .~i::=r:s~~ or rc'::=s::x~. :ht !4!alcr.• sh•!1 ~i r1~w c1~t~ of wch eveot r~o~iw wch re(u~d of ti» un- ;
~arn~d portion of ths credit lite insursnn premium and financs d?srge snd such othsr crodit ~s m~y be nquired by law a as en~y b~
nscess~ry ro avoid usury, provided that the Holder may retain a minimum financ~ cha~ye of =25.pp, whetF,e~ or not otFMrMriye arnd,
•nd except in ti+~ csse of a refinancinq, no iinarxe charqa or p.en,ium ~efund sh~ll be made ;f it an,ouna +o ~ess Nw+ t1.00. Re~.n~;on :
of any minimum financ~ shslC be i~ addition to servioe charps if any. A~y lanqua9s eliewh~re he~e'u? to tM cantrar~nol~yJtl~~ndinq. . `
n~itMr Bank nor any holdsr hereof shall receive or ~fein ~ny tharqe w interesf not ~Itowrd by law. • ;
As security fw tM piyment of this note Makar has Pled~ed o? deposited with Bar+lc th~ fpl{ow;~ 3~~~~tlil L~ i V l~~ ~
3~~s~t_._:.u_.,._--:---,:~j~urtle__Ree ` ~oi~~. I r•~corde~ ~.n a~`c -~~fi, . e 29 32.
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. 5J. an~ 52 in ..c~nd. G10 ~+c. 3~:.as 3~~~~' i
b~ d in
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(mcwa~~` all ciiK, i~ick and o~he. dividends a~d all riphts to sobxribe fw secv.ities inc;de~t to, declared er ynraed in connoet;o'n with Shc~
sud+p~
operty), which property, toyethe~ with aIi sddit;ons and substitutions hereafter pledyed e. deposirsd with Bank is ullsd t!~ C,ol. ~QY'-~ ~
I~tsral. Ths Collateral is slso pledqed as security fw all other lisbilirfes to Bank, (primary, secondary, d;raet, continq~nt, solt, joiM or
sswrai), due w to becon+e due o. which may be herealter contrxted or scQuired, of each Maker (o. of sach Al4ker and any eth~r per_
sw?). The surren~r of this note, upon payment or otherwise, shall not a~fec~ the .iqht of 8ar?k to retain ths Cdlate.al fo~ wcA othK
liabilities.
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CREDIT UFf ANO CREDIT 11FE d~ bISABIIITY INSURANGE ARE VOIUNTARY MtD NOT REQUtREO FOR CREQIT. Such insur~nos
cwera~ is awilsbte at the cost desiynated bebw for the term of the credit: s--_._-------•------_---------_-•_-A_ fot Credit liff in- •
wrana_(b) S---------------------------------...---•--------••---------._.. fo. Credi~ life 6 Disabitity lnsursnce: :
Chsck -
Gedit lih Insurants is desircd ot? the life of ~i
- eirthdate ~
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Q Credit Life 8~ Dixbility lnsurance is desired oo --•-------------~~,---~___W~__.. +
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&r~h~ate °
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Credit Life and/w Oisability Insurance is not s qd. ~
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Additions to, raducrions or exchanges of, or substitutions iw~he Collatersl, piymentsV~rN d tbis foan w inueases d t~t
same. or other losns made partially or wholly upon the Collaieral, may from time to time be mde withwrt affecti~g tht pn~
of this note. Bsnk shall ex~rcise .easonable ca.e in the wstody snd preservation of rhe Coltaseral to the ea~ent required by appl
st~tutt, and shall be deemed to have exercised reasonab~e uro if it lakes wch adion for thst purpos~ ~s IUbker sh~ll reason+!~Iy r~quest
in writinp, but no omission to do em sct not requestad by 7Glaka? shall be deemed a ~~ilure to excrcise reason~ble c~re, ~nd -np pnis.
sion to canply with any reQuest of Maker shall of itself be deert~ed a failure to ezerc7se rcaswubk pre. 8~nk ahall noR b~ bound tp
take aMr steps oec~ry ro prcserve any rights in the Collaterel ~qainst pr'wr psrries and Make. sh~11 take ~11 r»oessuy steps for such
pwposes. B+~k or Ib ~ominee need rwt collect 1f11Er~t Of1 O? principal of sny Collate.al w yive ar?y ro~ice w;M~ reypect ro it.
If the Collateral shall at aey time becane ur?satisfactory to Bank, Maker shail within a+e day sfee? denw~d pkdye and d~posit
wifh Bank u psrt of the Collsteral additional property which is satisfactory to Bsnk.
If Bank deems itself insecure, w upon the happeninq of srry of the folbwinq events, ead~ of which shall constitute a defauh hen-
under, all tiabitkies of ead+ Msker ?o Bank shall rhereupon w thereafter, st the option of Bank, wittwut notioe or deenand, becoms due
and paysbk: (a) ths f~ilure of any Obligor (which term shall mean e~+d. include each Maker, endoner, swaly, and yuarsnfor oF this
note) to pe~orm ~ny aqroement f?ereunder, ro pay interest herew~ within teo days afte. it is due, or if the+e be ro dus dsu, afte~ it
is bllled or otherwis~ reqvestad or demanded. to psy any other lisbility whanoever to Baek when due: (b) th~ death of
(c) the filirp of ~ny pttition under the Bank~uptcy Att, or any similar federal or stete statvfe. by orapa rnst any Oblqw: (~an~~
rca- !
tion for tF~e sppantmeM of a reteiver fw, the makinq of ag~ neral aui~~meM fo? the benefit of vediton 6y, or fhe inselvency of any +
Obligw: (e) the entry of. a judoement aysinst any Oblipor: ff)j the issuinq of ~ny atfa~hrn~ea or y~rnisher+ent, or the filiny of any lien, _
p•iMt Alfy p?OpRrty Of any Oblippr; (g) the tskiny of posseuion of any substarKial part of tF+e property of sny Obli~or at ths iests~ca
of any ~wrernmental authority: (h) the dissolution, meryer, consolidation. or reorqanastion oi sMr Obtiyor: (7 the assiyrvrient by ar~y
Maker of any eqvity +n any of the Co)laferal wittw~t the writtcn conxnt of the Bank: Es~+ Obliqor F~ereby w~ives aay rcquirenwM of
notioe or dema~d reflMi~q such saeleration inwfar as such requi~ement be in addition to the mere exercise of atry remedy afforded in
this tYote a the institution of wir by the then holder. "
8ank shaU have, but shall ~t be limited to, the followinq riohts, each of which may be e:crcised st sny time whefher w not this
note is due: (i) to pledye a transfer this note snd the Collateral and Bank shaN thereupon be relieved of a11 dutiss and responsibilities
hereunder end rclieved from any and alt Iiability with respect to any Collate~al so pledyed or tr~nsferred, and i~y pl~dqee w trans-
feree shall for all purposes stend in the place of Bank hereunder and hsve all the ri9hts oi 8ank Frereur~der; (u~ ~o trtrate~ the whob .
u e
or any paA of ths Callateral inro the name of itself w its nominne: (ii~ to vo~e the Gollatersl; (iv) to ~otif~r the Obliqws of s~y Cd-
lateral to make payment to Bank of arry amo~nts due or to become due the?eon; tv) b demand, we for, oolkct, or make~y oompro- -
mise or settlsmertt it deems desirable with reference to tF~e Coltataal; and tv~ to take contrd oF eny prooxds of Collatersl.
Bink is hereby yiven ~ lien upa? and s security interest in ~II properry of each Oblqor eaw w at any time he?es~ in the por
seuion of Bank in any capaciry whatsoever, incfudin9 but not limited to ariy balance a sl~aro of ury deposit, tn+st, as~e aocoont,
sa
ss the secutity fw the psyment of this note, and a similar lien upon and searrity ir?terest in all wd~p~ operfy of each Malcer~u secuiny
fo~ the p~ymer?t of ell other liabilities of each Maker to Bank (includi~y liabilities of ead~ Maker and any orhK person); and Bank y}?~II
t~ave the same riyhts as to such property as +t hes with rcspect to the Collsteral.
If Bsnk deems itself insecvre w upon the oavrre~,ce of any default herev~der Ba~k shall hs~re the forecfosure and vther remed;~
of a secured party under the Uniform Commercia! Code, or other applicable bw and, witi+o~A limitirg the Qener~lity of tt~e forc~oirq.
Bank shall have the riyht, immediately and without further attion by it, to set off aqainst this ~wte all money owed by 8ank ins~ cr
pacity to esch w any N4ker, and if such set off sha!! occur, Bank shall be decmed to have exe.c~sed wd? rght of s~t off end b h~ve
made a charpe sgsinst any such money immediately upan the occwrence of s~ch defsuh even ti~o~gh wcl~ char~e is m~de ur entercd
on the books of Bank avbsequent therato. tlntess the Co7latsral if perishable o~ threatens to decline spsedily in v~lue o. is of a type
tustomarily sold o~ a retoynized market, Bank will give Msker reason~bk notice of the twr~ and placie of ~rry public s~l~ tFKreof ar of
the time after whith sny private sate or any other imended dispositio~ theroof is ro be made. ?he r~Hrcment of roasonabt~ notio~ shd{
bb met if such notice is mailed, pos~age prepaid, to any AAaker at the address yiven bebw a at arey other addre:s sFawn on the reo-
ords of the Bank, at kast five days before the time of th~ sate or dispositio~. Upon disposirion oi any Cdfaters! affer N~e auwre~ce
of any defsult hereunder, Meker shall be and rema~n lisble fw any dsficiency; and Bank sF~al{ soco~mt tp N~afce~ for any swplus, bul
Baok shall hav~ the riyht to apply all or sny pan of such surplus (or ~o Fald tF+e san+e as a rese~re ayair~st) ury ard ~II other lisbilities
of sach or any N1~ker !o Bank.
No delay o~ omiuion on the pah of B~nk in exercisinq any riqht hereunde. shall ope~ste as ~ wa;ve~ of wch~
t w of an~r oti~
ri9hf under fhis note. Presentment, dem~nd, protest, notice of dishorwr, ar+d extensia+ of time wiM?wit notiee H~ lrreby waivsd by
eech and every Obliyor. The Obliyon. iantly and seversllY, promise and ~qree to p~y all com of coll~ction and r~asw?~ble sttorntys.
fass (ROt less tha~ 10% of the principat sum) inc~rred or paid by 8a~lc in enfwcinp ~his nae upon the occurrM+~oe af ~ny default.
Any notice to Maksr shali be sufficiently served for all purposes if leh upon w placed in the m~;l, postaye p.sp~W. addresssd to tM
premises ~t the address shown below or any orher sddress shown on B~nk's reoorAs.
WMrtver this note ;s executed by ~ co-maker or e~dorser who is th~ wih of a make. or endorser,,ih~ said wii~ do~s F?Keby ~c-.
pr~ssly acknowt~dqe the within debt as her joint and individwl d~b. . ~ ,
Each of Maicer ack~owledyes receipr of a completed copy of thi: dn= the abow dw. f - - -
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