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HomeMy WebLinkAbout0464 . - . . . _ . . . - • - . _ ' . ~ . _ . . . • • _ , ~ _ _ . . w . . iNSTALIMENT PROMISSORY NOTE _ . . ~ . . ' ' . . 1;~ - ~E' ' - . ' ' _ . . + ' ' ; - SR~ . ' . . . - .ii : ,~i- s'?-:._ ti± i~ ~ `rB.612.23 ' ~ ~ - • ~=Jensen ~8each 8ank ' - . _ - (A~: Amoum Rec~iwSl.;'. : ~ i; -s;. _ ; - - . ~ . ~ANK NAME~ _ ' _ sIB) PffTiYTIO?~(~lOll I~~ - 4d2.SQ_ . . - _ . i : - ~ Li1t/Dis~bihty ln:. ~ _ . _939-Cv-r~eTCial -5t: •~=l.~Jensen $each~ Fl •~~3345? .Icl~Po~u~±~in~~:mvs. t ` ~ " •.~•i0 = • j~.Y .OFFIC ~~a s~ _ _ , . ~ ~D) bihj~_Cfaryeil~iemiiel'"' = ~4'.=.'~' - _ . , = _ - _ i:~=-iE±~ I i€ :lis~~~ 4~-=~~~1~=~l~1~.--i(' i~ tEl -1}: = i~l~: - ~~+2pg Dp;i, . ~ , ~ _ - ~irec. , fee ~ ' : . , ' ~'.--~~E~'. - ~i- ~ ' . NOYE NO. ~ ' ~ ~ DATEO:" ~NAVPmbET_(t, j~ ' ~s~.~ `f~l 'intariq,.`~tax~ ~ .s 38.b'1'•- - . ~ . . - f ~ -1 .V• i~~ Ilf i. ~~r'~ • :.1' ' ' . .ii•~- I~S•..• ~jt' ' ' . _ . 'i:~. ,,,•_-r,, , = wicl_~qmourii~~naqcad`• ;~.~~33~-•rJO~= ~uE Novem6er 1 - ~ ,i~ . ~ t9.~i , _=.}~A,B..C_~,..~,~~, ~1 ,S ~ . , - < _ ~ ~c lH) ~ urui- il: = I;i.-- ;i'-~=s. =-8~ 2 • - . _ i _ - 'i,._ - - ~i',~ •r _ 's - ^ , P~ AcE ~ - ~ . ~Jensen `Beacb ! ' F'~~- t~,'FlQp~01~_•`~ ~+,li{~w}~ i~wesr~u~v~ i~ ~,i,, , - - r n ti ninaltiru~i~d °Maksi'liointly'snd'seveiallyiil~, - ~~1!~ IjS~'lii.-.f~E-.-~(+t-.--`1~1 ' Fo~ value rece~v~ti. the unoe sig ed l e -~tKl. - ~ ~ - nzure than ont) prom~se~lo psy to ~he ordtr~Ot the 8ank, at its ottice licted above, tha Totat-~ - i~ ~ t~..~.t~i . o! Paymants (trOm IN) at rghU dt 7H: ~ 59.6B - • ~pollsrs psyabls lo ~ 9~ . ;~V v'. ~ ' , ' ~j • _ : ~ ~ . : _ ~ - ~ `Itu?) FINANCE CHARGE~~. • - ~ ~ e.~~almo~tblyinsisllmen~soi= ~~•3~-=~~: - ' ',rthetint- '/H,i,'.I.K;LI~~}<- =8~H1t3~1$+~ ~ ~ns~aument due o~+ ~ ~;'~~~4 I9~ ' ' snd wbssquent•insnllments due on' . (N) .Totst oi Paymen~lG Y~iiA1~ ~ ~S= :a~~ 1g9•68°- _ ~ . -v CC'mbll'-zr~ : . • • , . . . , . . . . • i : . . . ~ . ~ - - ~hs_~_dayotRachmontAiher~af~tr,to~dth`er'ri~tha'.F~Np;k~i?Li.OONPI?YMEniTOF:. ANNUAL PERCENTAGf.RATE'''`~0•~''% - S ;l~noi; `t;{~. t~ ~=DU6=•i~l =~:i ~~a~~}:1.~ _ ;i~ ' 79 - ' ` t ' -~;•t~:-'i}=-'t. - - ~ ~ . ~If~~l ~i~- ~li'~.`'~i~~..~,~~~~~~) i1~"~t~: ~"ifi 1' , Ff• ~f. f!;_.~lj~ ~~~1 . . Tne eank shatl impose s delinquen`cy~chs~ae against tfie,Mslc~r•on ~1Y Asrrt~ent which~has'become due arid remarmtn.default iorDPlr~Od ~n Oxcbts Qf~~O aars an"amo`unt equal to 59L ~of t1?gamo~i~t of thb piir~cipill ~~j Of ~ RiY(~1Qf11 ~fl ~IEIHUII: ~R jMe ~VC71I LAaL TI1! I1~OT! RTOL ~itd Jfl ~11II,L f1liUlfl~~'a~I ~My ments, whetF~er printipal, inte'rat ol~otherwtse, s~ia~~ biattntsr'e3t a't'tn~ ~ri~zimy~ii ~tgsl iste ~tilowsd u~de~~thelaws of ths Ststqof FIqF;ds. A11 paymenti made P nereunder shall be eredited tirst to"incerest and~theri to p~~f~4~ ~iowFveL_in Rh~ w~rit ot:4feta4l~, ~the $ink,rt~a~ ip~ iis sotgdisq~tion: aPptY ~Y PaN~~ to ~~~~e~esi, principal_sodlor.Jawiul.charges.ihen accroed: ltis the mtentioao~:lhe~pertie's;heretQ;4hDt't,hfprq~i~~QP"s.fi~,rq~ ~a11 riptQrw~i~d,id~rqetlyor~nduactly: !or ihe payme~t_.of s gredter.rate of interest o'r tha istr~!een oi any~ot~e~;~sr tAsq:~s a0owed by ~a+h- tOr ~l MtNgSt 10 tX0lSSQ1_ 4h Ibgal ~ate or P!e . , If~ ~{i ~t.oi+tlie.o~u?~t ~ oe.:iu.~ed~r~ Iv.'= ~t• a charge prohibited by tav~r shall aEeny timebepaid,anysuchexceisili~lle'Mer.constiiute'andbetreetEdesapaymM P~A~' _ ~ ~n,he Makn. - ' 'li _ Ei~--- i _ = I,~ = _ ~ (t~ _ ~~t ~ t~) ~ =.x - fii'- i~i ~~:-=i~-~~ _ - ~ . , . • . . . t. + . ~ ' ; . ~ . . : ,i#•. . . _ • . .,e'--~ ' ~ ~ ~ ~ ~ ~ • . Tne Makermay prepaY the entire unpa~d balanceof~the loan at any tirne.,lf~tl~e.~o8n~~= p!epaid~j~~slr eesll~rat~ W ~efinanoea, the Maker shatl:teceive a== . . ~ . - - - • - - - . . re~u~» oi ~he unearned po.tion of theinte~Kt sod~insu~ance premiums computed by the Aul~;o(._7E's metho~, except tAat the BanK ih~lt be enti~Ied to;ietain;: = o m~mmuminte~estehargeol SS.OO. "1~-:; ~i1~•_- Ei~ _ iit' ~ •ijl- •lli•=•3~~'V ,~i~ ''[~'=~i~e _-~j~ ~ 2f• i ~ _ ~:1 . . CREDIT.UFE.7INO CRED1? UFF,B~ OISABILITY,INSURANCE~ARE~YO~.UNTARY ANO NOT REQUIREOF~R~CREDIT.~Suth inw~anceioverage•is :~~:3- a~~able at the cost~desig~ated betovir tor tT~e teim ot`iFie cred~t: (a) ~ Qa~.50•-- ` ~'!o~ Gedit Cite lnwiaixe (bl S' - - ~c.r Credit Ufe& Uisability (nwraritlt'-~~'r'-- f~~ ~ :E~'~ ~r' ~ . ` : . - ~ ' - . . _ ' ' ' ; '~'altei Femer~Birt:~date ,.7~4J~12~ ~3,04~.00 -for 5~years _ _ C~eck D C+edit lite Insura~ce is daiied.onihe life of ~ ' • Laura Farnier ~510,00~.0~ -fbi years . , e~.~na~te ? 1 2 16 . . _ . - - - - - . ~ - _ _ - • - B~x Credit l.ife d~ Disability InsOqnCe;~sdesired or1 ^ - i" ' . ' - . . - = t~l.~_;i.~~~i; '~:i•- 'kl`~i - ~i' - -BifL1K}atC `i~ _ ~ - . - . . - , . . ? Credit Lite andlor Disab~l~ty Imu~arite iinot desired.`.=F.. t~ t ' ~ ~ - - - . ~ ~ ~ - . - t~,~~ . ? ! _ _ ~Siynacure 1 ~ - _ '~~f~.c..~~ . . . . - - _ ~ r _ , _ ,V ~ ~ialter- Famer • ; _ - . ~ _ . -~~~~~su~~~ ~ - . - - _ - . . _ _ • - Signawre,"L ~I°T~1' - . . . . - • - ' . As secunty fo? the payment vi the {Vote ttie Nlsker hereby~grants•toThe 8ank s xcurity interest in the fdlowin9 properfy.~ ZOt~ #'~~3~. Sf~'C. ~I _~-.-,~n o~c:~ur~ r~ h.r.'E~I~A A?"~lET~LES "ISZ:AND,~as descT;ti~ -i** saii~'•~tort~aae~-~I9~9'38' Lona:~vooc3 . . . . . . . r ~ - :<< - ~ - ~ ,-;_1 . Trt _ 7Tl.Y%A=75?-7~1ti~#~i ~rQpri~rnnm~ V`at~y1`1~ii~idor~5=-a11d" Sk~ir~i~A. M ~ i ~rc~ud~ny all increases. wbstitutions, replacemcn~s, addnans~and accesioos the?eto ~n t~+e p.oceeds thereof{he~eiriafeer called xollataral").~tia secunty-: . . <<,:~rest shall atso sacure a~y other ~ndebtedneis ei iiabili2y.~of the~ Maker ~to ~e Benk dirett or irtdirecZ abso~ute or ~ontingeni; due Or.to betoine due, now ex- - ' !St~r:g or hereafter arising, irxludnga117uture adva~nr toansby` the 8anfcio the Maker_ ~ ~ ~ ~ _ ~ _ ~ ' i _ ~ - . . . . - : . ~ Tne Bank is aiso givena t~en and a cecurity ~ntlrest i~ a11 propeny-and sec~rities oi the Maker, endo.ser,~wrety~gwranior or ecwmmo~ation pac~rof ihis - Ncie (here~~aite~ re~erred to as the "Ob~~yors'"1, now+n.or at any ume hertafter tom7ng into thecontrol, cvstody or possession ot the Bank, wdetherlor.the ex- ~ p~=sszd purpose nf bemg used by tAc Bank ss Cotlateral; or to? a~Y od+K.P~~P~. ~^d upon any Galanoe w bafances to the uedit oi any~ccounts, inetudinq t~ust and agency accounts ma~ntained withthe Bank by arty oF. tbe Oblipor~, and the Oblyors agree todefiver. to ihe $anlc sdditional Collate.01 a make such ~ }v ments in ~eduCtion ot the printipal amouM.~t the_foan as shail'be satitfaciory to the Bank, in the evnit the atorementioned Co~lateid;shaR decline in yalue _ _ p c~. r,xome unsstisfxtwy to !he Bank: . - - - - _ ='i' _ , ~ _ - - . ~ : ~ = = • . ~ : _ _ - _ _ ~ . . ~ Add~uoris to, reductions or exN?anges oi, or wbafrtutions for the Collaural, payments on eccount of thisbs~ oF~inereases of ihe,~ame es ~tAsr lw~s made ~ally or wholly upon the Collatera~ may irom tirne to time be inade rnthout aftectm9 the prwiswns of this Note. T~e Bankshell exerpse reasonable care ~n ~ ~ c ustody and preservatio~ oi the Collatersl tv ttie etttent required bp applicable statute, a~d shall be deemed to Tar`e exeic~sed ressonabte eare7f it takes such - c; on f or that purpo~ as Maklr sfiall reasonabfy request in writing,-but no om~uion to do a~N act rot rtquested bY Ma(ce? shall be tieemed s. taduie to eze.cise ~,>_,r.eble wre, and no omission to complr with a~y request of Maker~shall 07 itseli be deeme~Q afailure to exercise ieasonabie ace. Bsnk shall not be bound to .<<~y steps necessary to preurve any righ~c .n the Collate.al against prior parties and Mske~ shaU take all necessary stetn tw sucl?-~orposet. The BsRk o. its need not collect inte~est on, or a principal of; any Col~atersl p pive a~y na~ice with respect ~o ~t. ' - ' ' T r.e 8ank may conu~ue to hold any Colfateral depas~ted hereunder a~ter the paY~t o~ th?s Note, ~i at the tirae vf tht payment and dischar.ye hereof a~y ot, ~ e pa~ties liable for ihe Day~nt hereof shall be then d~rectly or con~inqently f~able to the Banic as Maker, endoner. wre[y, gwranta or accommodatioi? party " ~ any o~her note,. dratt, bdl of exchange, or othtr irxtrumeet, a ozhe.w~se, ane the Sank may thereaiter exercrse s11 r~yhts with reipect: to sa's1.Coltateral , 3 q~ar,ted htrluf Mn thOU9h thiS NOt! Sh~U ltar! bECO ~urrlndtr9d t0 ih! Miiclt. - - - - t i? - i; i=~:' 3: - i; i~'_ _ ~ ~ i t:ne Bank deems itselF ~~xecvre a.upon.the happemrq af erry oi theiolbrnng etients, eacA o~ rrhich shsll const~tute a deisuli; ell IiaM'l.iti~s o'7 eath 1Naks. io ) t r,e sank, inctuding che ~ntire unpaid.principal o! this Note snd aouued Jnterest, tess any urKarned ~nurest aod amr mierest iaexaeisnl tlienirocienimallowec~-- ~ s ~ t,r law and a~11 •eba~a req~i~red by Iaw, ~fwll irrunsdistely or ihc~eaite., at A.e opiron of che 8ank, excapt ibat ih~.oocurrence of 1c~ or ld~ sfiall cause'u`tomat- .c accelerano~: withovt ~orice w dert»nd. bstome due and pay~le: Is1 the Jaiture oi any_Obligor to pertorm_ swy obl.iqation`.lobility w dsim to d~e Ba~c, to psy € ~~~esc he.eon within lOdays sfter ic ic'due, q~ iF the.e is no due dats, ateer it is billed or othe.wise requated nf-de~nanAecl,~or topay xry.a2fu~ tiabiity whst- ~ . r s. •.~e~ to the Bank when due: (b) the death oi sny individusl Oblipor, the diaolution of arry partne~rshp Obliyoi a the_duolutiCn~ merg~r a mnoolidsiion w1tA- - E rr,e Bank's ~no~ v~n~tten consent ot any.corporate Oblgor: k1 :he i~~mp ois oet~uon in bankruptty a the acfjvdic2tion of insotve~ey o~ bank~upe~y unde~ - ~ ~ny reorganiza~~on, a~rar~gement, readjusunent of debt, d~ssoluzion, tiqu'~dation a sim~tu p.oceeding urider-sriy Eedersl of state statute, by_ w apai~st any _ j_ p~ I ~gor; Idl an applicstion [or fhe appointment of.a reoeiver iw. a the makiny oi s pene~al assig~ment tor.the ben~f'it of baeditors~bjr. ~riY Obli9or; (e) the entry - cs iudflmeni aga~nst a~y Obhyor, (f1 tfie ~ssuing of an~r attsthment w yarnil~unent,or m~ tilingata~r fien, apainitany-Proptttynf snj/Obl'gor:.~plShe tski~ of_ - ~ poszess~on or any substarrt~al part of the p~operty ot sr~~ Oblipor'st theirstance ot any gotie~nrt?e~tsl a~tlwrity~iW. tl~determin~iion 6q.~Ae BaMc that a materi• a: adverse d~anpe has octuned i~ She' f~nantisl'conditio~ oi any at,lgor'irom the eondiiwes set fprth in_the mosCrecsnt.f~r?anciN staumM+( of such OWipor ~ ~ here;o(or~ tumished to the Bank, o? t~om ihe oor?dition of wd~ Obligor as heretoto+e mott recently disdosed to the Bank~ o?_'that any wrar~mty, represeatation, ~ - i i'~cate d staument of arry Obligor (wMether Contained in tfi~s Note a ~otl perisining to or in connectan Mntfi tAit.Nob oi ths~osn evideno~d by this Nore ~ c,:~ca~ns an untrve statement oi rt?aterisl Iset q omits to state materist fset oecessaryin order to makt~the statemenufnade !ai-misleadirg; or, C1 the ascga-. - rn~nt bY M?Y Bll~kec o1 ~ny equity io ~oy bl t1x Collau~~l~witban the Pnor writun consentDi tt~e B~nk.- . . . ~ The Bank shstl have, but st?dl not be limitsd.~o, tht followi~g ightq, iach oj w1?icA a+sy"be ex~?cised.at en~r iime whettw a not tlxs Note is due: 1i) to . ! gi edge or trsnsitr this Note and tht Collateral snd the Bank sNll thtreupon be reliev~d oi ~11 duties end reiponsbiliues Mrw~der and rrt~ev~d trom anY snd sll ~ r~bil~ty.with respcct to any Collsteral~sopledy~d o~ trensferred, and arty pledg~e or vansie.~s chsll fpt all purposet stand in t!?t ptate of 1fie Bsn1c h~reurder ~nd _ nave ~ll fhe ~iphts of the Bank hereurider;llO to transfsr the who1~ w~n1/ p~?t o( the Co1lat~rai iqto the namt oi itsel(. W 1is nominet; Qfi) to wts d~e Colbteral: 4 ~v) to rwtify the Obhpors oi any Coluurst to m~ke psynnent to_ the Benk of; ~~y amounn due or to becom~ due ~Mreon; tvl to dsmand, sw tw. collect, o. ~ •r~zke any ca~tomise oi settlemeM it deemi ~esuoWe w~th re(ertnc~ to th~ Collatt~sl; ~nd (vi) to ~~ke posusson a conua o1 sr+y po«eds oi Co~u~erai. - ~ • _ . _ • _ _ • : _ _ - ; - ~ - . '~y~~''%~ ' -t~' 1. ~ • . . . . ' - . - . ' ^ _ . . ' . - . ' ~ . • '~u11~(.rIW~ ~~ii4 '1 ~ 17~1TICF• ~Ff nT~+=',R !'InF F~1R lt.•Pf?RTnNT 1';Ff~R~~~TI~°rN ~ 3 ~ ~ _ ~ ~~z~~.~;~_ ~ , . . : . ' J ~;`~..~z.. ~ x~ ~ u,s