HomeMy WebLinkAbout0427 ~e ~ ` dANK NA E (S~tYf~ ~11~ UfIMtY~ ~
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after date the undersiqned, here,natte~ caUed Maker, ~ointly and severally Docum~n?~ry i
promise(s) tor vatue recerved to pay to the o~der of the Bank, at ~ts oifice Sramps t
as ~isted above the sum oi total ot payments . . Credit lif~ (or tif~
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F':~f•`,l'E'.:'-J 'Fi:~ '~i7~~ 2~3:t~ ii'~~`el"l~a FIk~TY-S~~IId GC 10 ~ Disability) Ins.i
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. Ooll~n r (ite 'ze)
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wifh inter~f thst~on ~t tM raM of _~:~.•~Q_. 'lfe psr annum, all
, ti ~ P+Yabl~ in = .
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morahly i~?st~llmeMS of s l.~? each on the . i.~~t . d~y of
~eb.16 9t :
~~ch suoc~uirs month commencinp on - . ~ 10_ . . . ~oq~th~r with
a BAUOON PAYMENT OF pue . ~I ~q ?
. - • . fINANCED : R,u84.UG •
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A fin~ compvted st the rate of s.QS psr 51.00 on each instsf~rr~ent ;n defsult for ~
a period in exceu of 10 days may be charped the Maker. No such fine shsll erceed ~Wr~te~Y coitec»d . ,
=5.00. Maktr is required b pay slt costs of coltection, inciudirq a reasonable atro.- ~~rpea (it~mi:e) , '
n~y's f~e if nferred foa collecrion or lepal p?oceedinqs. All p~ymenti. whether p.i~- : . ~
cipal, interest a otherwise, not received whe~ due shatt bes. intersst s? i0°,~'. per S ~
ann~m irom dus date v~til pa~d. All payments made hereunder shall be cr~dtted ANNUAL rERCENTAGE RATE ~,Q_... ~ ~
fint to interest, fhen to lav?ful chsrqes then accrued, and tast to pr~ncipal.. i
If the loao is prepaid in full, accelerated w refinanced, the Maker sha11 as of the dste of such ~vent receive such ~~fv~d of tM un- ~
earned portio~ 01 the credit life insurance prem~um and firtance chsrge and such o~her credit as may be reQuired bY taw a~s m~y b~ •
nsaeuary ro evoid usvry, provided Ihat the Flolde. may relain a minimum finance charye oi =25.00, whether a not o~Mrwise tarrnd, ~
~nd excepl in the case of • re(insnciny, no fi~ance charqe or premium relvnd shelt be msde if it amounn to less than =1.00. RN~ntioe~ ~
of ~ny minimum tinarxe shall be in addition to sarvice cha?~ if any. Any languaye eltewhe~s he?ein to ?ht ton)?~ry notwithstandinq,
n~ith~r Bsnk ~o? a~y hold~r hereof shsll receive or retain •ny charge w intere~t no~ albwed by Isw. ?
As aecurity fot the payme~t of this rwts Maker has pledged or deposited w;th 6ank the foltowinq property:~~-~s38~ _1..."'a-'~1.~'3~ E
in~~~r~.~t__~,rY._, T.irtl~---s~f..Ctx?.3. S, r~i-r3ed in n. R. '?oc~lc 250, PAc e 2931. L'r~it t•~;•_s t
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~.7, ?3., arx~ 3:~ in C~xl. C 2t?, A~t. ~p. G~-20 as ~.dcxib~ ~ sn ~s `i i~ortya~e:~ :
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Cnclud~np all cash stock end other d~vidends and alt righfa to s~bsvibe fw securit;es incident to, decl~red o. granted in conneciion~witl~ • `
such property), wh~ch property, toge~ner w~th ali sdd~~ions and .subs+~?ut~ons hereafrer pledged o. deposired wiih Bank is calted fM Col-
(eleral. The Collaferal is aiso ptedged as security for all other liab;li~ies to Bank, (primary, seco~ds~y, direct, continqe~t, sole, jaot or ~
several}, due or to become due or which may be hereaiter controcted or acavired, of each Make. (o~ of eath Mske~ and sny other per- ~
son). The surrender of this ~ote, upon pnyment w otherwise, shall not aFfetf the riflht of 8ank 1o re~ain the Collateral fpr suth otMr }
liabilities. _ _
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CRE~IT LIfE AND CREDIT IIFE 3 DISABILITY INSURANCE ARE VOLUNTARY AND NOT RfQUiREO fOR tREDIT. Such insu~u+oe ~
coveraqe is ava~labte at the cost desjgnated below fo~ the term of the credit: (e) s _ for Credit life In- +
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svrance (b) _ _ . _ - _ fw Credit life E~ Ditability tnwrance: 1
Chsck ~
Appl. ? Credit LiFe Insurance is desired on the life of ?
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? Credit Life 3 Disability Insurance is desired on - _ '
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{tij Cretlif li!e and/or pisability Insuranoe is not desj~~d. f= y. ;
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Date: ----,e_+,'~tL_ ' ' ...a! . .:.c s ~i. i
1-1-,- t_sr1._ _ s,9~t~.e f`:-- - ~ - _ ~ ~
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Signature . ' •
` ~ t -u-' F_,~.a . ~3.cu~ ,
(if IM-~[,~+"'~~' " " ' ' .
Additions to, redvctions o? exchanges of, w subst~tuYo~s for the Coliateral, payme~s on aocount of this loan or inc~eases of the ~
same, or other Ioans made partia:ly or wholly uMn the Collate~al, may irom time to time be made withouf affectiry the provisions
of thit note. Bank shall exercise reaso~ab~e care ~n the custody and preservation of the Colfateral to the extent required by ~ppfit~bk %
statute, and shall be deemed to have exercised reasonab~e care if if takes such sction for that purpose-as Maker shall reasonably request ~
in writeng, but no omission to do a~ act.nof requestcd by Maker shall be deemed a failure to exercise reaso~eble care, ~nd no omis-
sion to comply with any ~equest of Maker shatl of ;tself be deemed a failure to exerc~se reaso~able care. Bark shall ~ot be bovnd 1e
take any steps neceuary to prexrve any rights in rhe Eollateral agai~st prior parties •nd AAake. shall take al) ~ecess~ry steps for wd+ }
purposes. Bank or its nominee ~eed no~ collecl inte.est an w pnnc;pal of any Collate~sl w give any notice with resped to it.
If the Collatecal shall at any time become unsat~sfactay to Bank, Maker shall within one day after demand pledQe and deposit ?
with Bank as pan of fhe Coflateral additional property which is satisfadory to Bank.
!f Bank deems itsell insecure, or upon the heppening of any of ~he foflow~ny events, each of which shalt to~stitute s default h~r~- ~
vnder,.all liabilities of each ?~laker to Bank shall thereupon or the~eafrer, at the opt~on of Bank, without notice w demand, become d~e ~
and payab!e: (s) rhe failure of any Obligor (which re?m shall mean and inclvde each Maker, endorser, iurety, and guaranto? of this
note) to perform sny ayreement hereunder, ?o pay interest hereon within ten days sfter it is due, w if there be no due date, aker it
~s bitied or otherwise requestcd or demanded, ro pay any other l;ab;i;fy whatsoever fo Bank when due; (b) the death.oF any Obli~; ~
(c) the filiny of any petition under the Benf;.~ptcy Act, or sny similar federal or state statute, by orey ainst any Oblipor, (c~ app ica- j
tio~ fp the appointment of a rece~ver ~or, the making of a neral assignment for the benef;? of cred;tors by, or the insolvency of any
Ob~igw; (e) the entry of a'ivdc~ement sgainst any Obligor; (~j the ~ss~~ng of any attechment w qarnishment, or the filirq of any lie~, ~
s~ainst any property of any Ob(igor; (gy the taking of possession of any substanrisl part of the property of any Obliqo? at t!ro instence ~
of sny gover~mentsl suthority; (h) the dissolut~on, merger, consolidation, or reo~gsnization of aoy Obligor, (i) the auiynment by any !
AAaker of any equity in eny of the Collateral without the wrinen conuM of Ihe Bsnk. Eath Obligw hereby waives any reqvirement of t
rwtice w demand reflecting such acceleration insofa? as svch rcquiremenf be in eddition to the mere exercix of any ramedy afforded in
this Nofe w the institution of suit by the then holder. f
Bank shall have, but shall not be limited to, the followinq riohts, each of which may be exercised at sny time wFxther or not this ;
note is due: (i) to pledge or transfer this note and the Coltateral and Bank shall thereupon be relieved of all dvties and responsibilities ;
lxreunder ar+d relieved from any and all IiabiGry wirh respect to any Co!lareral so p~edyed w transferred, and ar?y pledyee or tr~ns- ~
feree shall fw all purposes stand ~n the place of Bank hereunder and havs all the rights of Ba~k hereunder; (i~ to tr~nsfer the whole ,
w any pan of the Coltateral into ~he name of itsetf or its ~ominee; (iii) to vore the Collareral; (iv) to notify the Obl;gors of any Col-
laterol to make payr?Knt to Bank of any amounrs due er to become due thereo~; (v) to demand, sue fw, coliect, or mske a~y compro- j
mise or set:lement it deems desirable with refererxe to tF~e Col[ateral; and (vi) to teke cont~ol of any proceeds oi Collate~al. +
8ank is hereby given e lien upon and a secu~iy interes! in all property of each Ob1iQw now o? at a~y time hereaher in the pos- f
session of Bank in a~y :apecity whatsoever, includiny but not limited to any balince ot share of s~y deposit, trust, or sq~nty aoco~nt, ;
ss the securiry for rhe payment of this no?e, and a simifsr lien upon and security interest in all suthp~ operty of each N1~ker as sec~rity ~
io~ the payment of all other liabi{ities of each Maker to Bank (includ~oy liabilifies of eech Maker and a~y other psnon); and 8ank shall '
have the same ri9hts as to such property as it has with respM to fhr Collalersl. ~
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If Bank decros ~tsetf insecure w upon the occur.erxe of any default hereunder Bank shall have the foreclosure u~d otFr_r remedies
of a ucu~ed party u~der the Uniform Commercisl Code, or oti~er applicable taw and, without timitiny the yenera;ity of the fweqoinQ, '
Bank shall have the right, immediately and without further action by it, to set off ayainst this nole all money owed by Bank in a~y ca- !
pacity to exh a any AAaker; a~d if such se1 off shell «c~r, Bank shall be deemed to have exercised such riqht of set off and to h~vs ;
made a cha?qe agains} sny s~ch money immedistely upon the occurrence of s~xh default even though such charqe is made or entered
on the books of Bank subsequent thereto. U~leas the Collateral is perishable or threstens to decline speedily in value or is of ~ type
cusromarity sdfd on a recoqniztd msrket, Bank will qive Maker ressonable notice of the time and place of s~y p~blic sale thereof or of !
the time after which sny private sale or any othe. i~tended disposltion thereof is to 6e made. The ~equirement of reasonable ~otice sh~ll ~
be met if such notice is mailed, posraqe prepaid, ro any Maker at the sddress given be{ow or at any other sddrets sFwwn ot~ fhs rec- ~
ords of the Bank, at Ieast five days befpre the time of the sale or disposition. Upon dispositio~ of any Colleteral afier rhe oaurrence
of sny defavtt hereu~der, Make. shati be and remain liable for arty deficiency; and Bank shall xcount to Maker for ~ny surplus, but
Bank shall heve the r;ghf to apply al! w any pan of such surplvs (or to hold the same as a resene s4einst) any and all other liabilities ;
of escF+ o. any Maker to Bank.
No delay w omissipr~ on the psrt of Bank in exercisin9 any ripht hereu~der shsl! operate as a waiver of s~Kh ri9ht or of any other ~
riqht under this note. Presenrment, demand, protest, nolite of dishorwr, and extensio~ of time without nptice are hereby w~ived by
each snd every Obligor. The Obligors, iantly and uverafly, promiu ertd ayree to psy all costs of collection and reasonable attwneyi ~
fees (not less than 10% of the pnncipal sum) inturred or paid by Ba~k in enforcir~y this nots upon the occ~rrence of any defautt. ~
Any notice to liAaker shall be svfficiently urved for sl! pu?poses if kft upon or pl~ced in the mail, posrape prep~id, ~ddressed to tM ~
premises at the address shown below or any other. addrest ~shown on Bsnk's records. $
Wherever this note is execured by s co-maker or erxiorser who is ~he wife of a msker or endorser, the saFd~wife does hersby sx- ~
pressly acknowledfle the with~n debt as her ioint and individual debt. ~ ~
Each of Maker acknowledges receipt of s comptetcd copy of this Note on th~~bov~ d~~'
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Address• ~a~ '..~'~='114~''11L' ~ _ i' ~
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F~s ~:~5 B00!(~?~PACE
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