HomeMy WebLinkAbout0434 '~11rt1E ~ef Cll]b • VSTALLMENT NOT~
:'~SS~la~s~ I~~ BANK NAME - :Y~ illd ~11NtYfid~
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n. o. 8ouc 618, Jens~.n Be`ac`~i; ~~a. 334 7 ' ~
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l~i~~~.~ T~t t 1.?D ^lt~t~!~ CMAROE i... ---~-'••~G3' b~~
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after date the unde~signad. he?einafter callgd Make~. jOirttly and severally Docum~Mary i.._......_._„._,__...._.....
promise(s) for value ~ece~ved to pay to the orde~ of the ~anlt, a1 iis ottice S~+mp ;
as listed above the s~m ot (totat of payments)_ Gr~dit Life (or life i
- R , ~ ~ trr . * /y ~ d~ Disability) Ins.= „ i
:Sx?',~~'_:_..a~~:+~' :~~..~~~.:z~~.:~s~:!~:~..cz.4.~~l~
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_.~.__........._._w___._..~~_..~. 01hsr (itemii~)
Dollsn _
wilh iriMhst thtrwn at tM r~N of _,~,Q.~Q......._.% pa~ ~nnum, ell paY~bk i~ s~......-....-----._~._.._ '
'~n Y ~ach on tM j (
} dey of . ;
nwMhl insqllments of i. 1.~~ - ~
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~ad~ wouutw n+onnc ~omm~nc~ ~~ha1~__._.::.~-,----..--• 1 X---.--.. +oyerhe. W~rh AMOUNT
s M?Li00N PiAYAAENT OF f_.._-- Dv~-------------- 19 HNANC~ :----••I(3~ ~L~.`~f3 ~
A HrN computKl at iht nM of =AS psr s1.00 on each ins~sl!men~ in def~vlt fw ~~rar~ly collect~d ~
~p~r iod in exc~ss of 10 daya may be charqed the Make~. No such fine shall excesd ~~~~m~~~ ?
=5.00. N4kK is required to pay dt costs oi collectia+, includiop a~essonable ~ttor- '
nsy's he if nh~red fa colietiion a Isp~i procetdi~qs_ All paymenrs. whetF?er prin- i... ~
dpal, infN~st w otMrwis~. nof ,retyiwd whsn dva shelt bear enterest at 109G pa? i ' i
antwm from dw dat~ until p~i4. All p~yments made hereunder shap be ered~tad ANNUAI PERCENTAOE RATE .~t? _ y(~ j
fint ro inror~~t, then to (awful charpts thee xcrued, and tsst fo p~incipal. '
ff tht baR Is pr~psid in full, xcelerated a refinsrxed, the Nlaker shall as of the date o( wch ~wnt npiw such rofund of th~ un- i
prrwd portion of tFw credit life insv~ancs premium and finance charqe and such o~her credit u mey b~ rpuired by I~w or u rnay bt
neosss~ry to avad usury, provided that ths Nolder may rat~in s minimum finance char9e of s~5.00, whetlkr a not otMrwise earnsd,
and ~xcept in the csss of a refina~cinq, no finance charqe o~ premium relund shall bs made if it amounri to I~u than =1.00. ReMntion ~
of any minimum fin~~ce shall be in ad~iition to s~rvite charps if any. Any Isnyua~s eltewhere F~r~in to the contr~ry notwifhslandinq. ~
rMithtr B~nk na sny holder hereof ah~ll receive or retain any charpe a intereit not allowad by law. !
As s~cwiry for th~ paymeM of this note Maker hss pledped or depos~ted with Bank Me followinq proputy:l~Y__1Z- ~ $ tm:~ i~r2,C~ ~
:~L-~t:;~~~.._~L'a~...s_~'~'~3.~_.~:f:.~~t1...__Z~-- :x-~."""~"ci.~Q.R..._.3i~::k.-".c5-~:_,_--I'~-.-:~31•~-- E ri t ;
:i~J, 2~-- ~y;-- 13._'.?~.. t~.•... ~'I~.~..._~'z. ~o.-, C`"~g ~ ag-- ~?~~er~Lt~3 ~.~._~i~ ~ro~-'~a~ ~
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(intludinp ~II c~sh, stotk and other dividends and all rights to s~bu?ibe fw seturities intident to, declusd or yranfed in connection with '
suti~ptope ry), whith property, together with ati sdditio~s ar?d substitutioe+s hereei?er pledqed or deposited with Bank is called the Col- i
lat~rd, ihe Co!lateral is also pledped ss seturity fo. all other liabilirses to Bank, (primary, secandary, dirett, contir?~ee?t, sole, joint a j
s~v~raq, dut or to become dve w which msy be hereafter contracted w acquired, of esch Maker (w ol esch AAekar and any other pt?- !
wr+~ The surreoder of this note, upon psyment or otherwise, shatl not affect th~ riqht of Bank to retain fM Collateral fpr such othK '
liabilities. - }
CREDIT UFE AND CRED{T UFE 3 DISABIUTY INSURANCE ARE VO[tJNTARY AND NOi REQUIRFD FOR CREOIT. Such insurance ~
ooverage is ivailsbls at the cost de:ipnated bslow for the term of the credit: (s) S for Credit lifs In. ;
wK~~~~noe (b) i--------•--------•----------•------------•-------°--•-•.-----_--. fw Crodit life 8 Oisability Inwrance:
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? Credit Life Insurance is desired on the life of !
:--w-- - &rthdate .
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p Credit life 3 Disability Insurance is desired on (
- Qirt~ste -°----~---•-----------°-----__._...u~ i
e Credit life andla Disability Inswsnas is not de:ired. :
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Datr ~:~j---1_.`~x.~ Siynaturo __-r
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~ ;v,i' / Siynstur~ -•~=f -~'-.-~a*s.~.__---~.'~-~-s.t+s-+0-~'~'----• ' ' ~
- Addirrons to, reductions or exchanpes of, or subs utions for the Gollateral, payments on aacount of lhis ban a increases of the s
ssms, or other loans made psniatly or-wholly vpon the Collateral, may from time to time be made without affectirq the provisia?s
of this note. Bank shall exercise reaw~+sble care in the custody and prexrvation of the Colleteral to the extent requPred by ~pplksble
st~ture, aod shall be deemed to have exercised re~soeable csre if it takes such action for that purpose as IN~ker shall reasoeably rsqvest
i~ writin9, but no omiss'~qri to do sny act not reQuested by Maker shall be deemed a faiture to exerciae ressonable ure, ~nd no omis-
sion to comply with:arty request of Nlaker shall of itsslf be deemed a fsilure to exercise reasonable care_ Bank shall not be bound to
tak~ any steps ~ecessary to preserve any ri~hts in the Colleteral aflainst paiw psrties and Maker shali take aIt neoesssry steps for wcfi ~
purposes. Bsnk or ih nominee ~eed ~o? co lact intarest on or principel of any Collateral or give s~y natioe with respect to it. ~
If tt?e Cotlateral s.tiall at sny time becwr+e ~nsatisfaaory to Bank, AMker shall wi+hi~ one day sfter demand pleclye and deposit
with Bank as part of the Collstersl sdditio~al property wh~ch is satisfactory to 8ank.
If Bank deems itself insecvre, w upon the hsppeni~g of any of the followirq events, each of which sMll caatitute a default hen-
under, sll IisbiliY~es of each Maker to Benk shall thereupon w thereafter at the option of 8ank, without notice or demand, bsoorrie due
and payable: (s) the failvro of any Obliqw lwhich ttrm shall mean an~ include each Maker, e~doner, suroty, end y~ar~ntor of this
nots) to perfwm eny agreement htrounder, to pay interest hereon within ten days after it is due, or if there be no dw date, sher it
is billed or othsrwise requested w demanded, to pay any other liability whatsoaver to Bank whe~ due; (b) the death of ~ny Obli~,
(c) the filirg of any petition under the Ba~kruptcy Act, w a~y similar federel or state statute, by o~ inst a~y Obliyo?; (d) an sppliu- -
tion for the appointment of a r~ceiver for, the mekiny of age neral assignmeM fw tbe Mnefit of iton by, a ths insolvency of sny
Obliyor; (e) the entry of a i~dqement sgairtst any Obligor; (f)j the issui~g of any attxhment or garnishment, or ths filinq of eny lien, _
aqsinsf sny property of any ObliQor; (q) the taking of possession of any substant~a! part of the propeny of any Obliyo~ at the instanas '
of s?ry Qovermmental suthwity; (h) the diuotution, merger, consolidatiw?, or rewyanization of sny Obli~or; the ~uipnment by eny
Maker of any equity in any of the Collateral without the written conunt of the Bank. E~ch Ob1iQw hcreby waives any rsquirement of
notioe or demsnd reflectiny suth accelaration insofar as such requirement be in addition ro the mere exercise of sny mmedy afforded in
this Note w fhe i~stifufion of suit by ihe then holder. '
Bank shall have, but shsll not be limited to, the followirp riohts, each of wFiKh msy be ezercised at any time whether or not thls
note is due: (i) to ptedpe or transfer this note and the Collaters! and eank shell thereupon be relieved of all dvties snd responsibilifies
hereu~der and relieved from any and slt liability with respect to any Collsteral so pledped or transferred, and arry plad9ee or trsr~s-
faree shall fo~ ell purpoxs star?d in the place of Benk hereu~der snd have atl the rights of Bank here~~der; (i~ to transfer the whole
o. a~ paA of the Co II aterbl imo the r?ame of itself or its naninee; (ii~ to votr the Collete~sl; (iv) to notify the Obliqws of any Col-
lateral to make payment to Bank of arry amoums due or to becane due thereon; (v) to demsnd, sue for, colleet, or make any canpro-
mise o~ settlsmeet it deems desi~able with reference to the Coifateral; nnd (v7 ro take contro! of sny proceeds of Collateral.
Bank is hersby yiven s lien upon and a security interest in all property of each Obliyor now or at any time hereaiter i~ ths pos-
session of Bank i~ any cap~citp whstsoever, includinp but not limited eo any baisnce or shere of any deposit, trust, or aqer~ aocount, '
ss the security for ths.p~yment of ?his rate, and a•similsr lien upon and secvrity iMerest in all suchp?
operty of each Msker.is secur'~ty {
for the p~yment of
all othe• liabilities of each Msker to Ba~k (includinq liabilities of sach Maker snd any othe? persoe~j; and 8anlc sha11
have the same riphts as to such property as it has with respect to the Collatersl.
If Bsnk deems itself insecure w upon the oocurrente of eny default hereunder Bank shall have the fweclosurc snd other remedies ~
of a secured party under the Uniform Cort~nerc,ial Code,.or other sppticable law snd, withovt ~imitinQ ths yene~ality of ths forepoinp,
Bank shall ham 1he ripht, immediatdy and #urthss ~ction.by it, to set off a9ainst this note all nwney owed by Bank in any ca-
pscity to e~c1i or any Mak~?; a~I if sud+ seY~all oaur, 8e~k shall be deemed to have exercised suoh riyht of sat off snd to haw
msde a cherqe ayainst any sixi? money immediately upo~ the occunence of such default even thouyh sudi charpe is m~de w entered -
on th~ books of Bank a~bseqvent thereto. Unless the Coilateral is pe?ishable o? threatens to decline speedily i~ vafue or is of ~ type
customarity so:d on a recoQnized market, Bank will yive Maker reasonable ~otice of the time and p~ate of sny public sab thereof or of
the time after which a~y private sale o? s~r other intended disposition thersof is to be msd~. The requirement of reaso~sbie notice shali
be met if such notice is mailed. postage prepaid, to sny Maker at the address given betow or at ~ny other sddrcss shown on tM rec- ;
ads of the Bsnk, st teast iive dsys before the time of the sale w disposition. Upon dispositio~ of any Collateral aher the occurrence
of any deleult hereunder, Msker shali be and remain lisbte for any deficiancy; and Bank shell acco~nt to Maker fa sny wrplvs, but
' Bank shall have the riyht to apply sll a eny pan of such wrplus (or to hotd the same as a~ese?vs a~~inst) any end •II othe~ liabiliti~s
of each a ar?y AA~ker to Bank.
No delsy or omission on the parf of Bank in exercisir?y sr~y ~ight here~nder sh~tl operate as a waiver of such ripht or of any other
right under this note. Vresentment, demand, protest, notice of dishonor, ar?d exte~sion of fime without norice are ?~sreby waived by
each snd every Obti9w. The Obli9ors, ~ointly and severslly, promise snd ~ree to psy ell costs of collection snd reaw~sble ~ttorn~ys'
faes (not less than 10% of the principal s~m) incurred pr paid by Bank in enforciny this note upon the octurrenc,~ Of ~rty dsfsuM.
Any ~otice to Makt. shafl be suf+'K~enfly served for ~11 p~rposes if lefl upon or placed in the msil, postsqe prepaid, addrossed to tM
pnmises at th~ addnss shown betow or sny orher address shown on Bank's record~.
Whtrev~r this rwte ~s executed by a co-maker or ~ndorser who is tF?e wi(e of a make~ or endwser, ?hs said wift does h~roby ~x•
paessly ~cknowledye the within debt ss her ~oint and individusl debt.
Each of AAaker acknowledqes receipt of a compt~tsd_copy of this NoM o~ tM abov~ dete. `
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