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HomeMy WebLinkAbout2712 . - . - ~t1~.0E4RE NOTE Fb~1. tNSTAL~MENT t.OANS , , ~ ~ ~ ~r 7: t . _ ~ ' } • t ' lAl Anwunt Mceiwd ~ ` . - N ..r _ ~ 181 f4entium for Credit ~ - - Lih/ Wsibility Ina.' : - ~ ; ` ~ fi "r . ` • : ~ - • lCl Oo~inl~rttery 8tsmpe t --'r ~ Ft O'Tisl'c~~~i . - (ol- Clsar~et litesnitel _ i NOTE NO.' 'y" C3,ZTE0.:,..'~~ . 19~, . IFI t , 4 . . *r. ~ (G) Ansowst Firsarsced 4`' DUE: ~ ~ .19~. IA. 8. C, 0. E. FI ~ x _ IHI intaia~t - . UI loao Fast s ;'r ` PI.ACE• ~ ~ '.:......,t..--:~...,:.~_-. ELORIOA - `-r+~.-, , - For v~i+e~`+~ed•:1M~untlirEipned (hereinafter ca1Nd "Maker"i iointly and fwerNN (ii ~ ::.r' ~ ' more than oiNi3pt M PaY to tM order of tM Bank, at its'offip listed above, tM Total IKI s ` i of Paymena~ it r t) of _ _ _ ' ~ Oollsrt Pal?able in ~ l U ~ S r------- - - --1M1-~1NANC1&-CHARGE ayusl monthlri~wNt~sina of = .the tint Ill; 1; J, K. L) _ fret tMnt ~ 19~ apd wbaequent Irsstillmena dW OIt z' e;,. T#, ~t 1+q..~f-~-- . INl Total of PaYmersa IG + M) s~IL.Ll~.M~ : t~;= cn~.~ ~ ' ' ~ afonM therpher, together vridrs FINAL flALLOON PAYMENT OF: - F== fl~, ~ ~ AMNUAI. PERCENTAGE RATE ''''%1~ s OUE lei' - ~ , 19 s ~a. Tht Bank efieM itnq~sdNingwncy large apaintt•tM Maker on sny.psyment vifiich has become dui and renaira in default for a period in sxbaf'of ~T~ ~3~ days in an t-igttel to @~ of the peymerst in detsult. in tM everst fleet rise Note is not paid in full s1 matunty,-ill payments, whether principal tatarestp? , othnsrwise; il~s?;ihairast at ilia maximum legal. nb albwed ussder the law. All payments made hereunder slssll be nxedited fint to interest aril thNS. itL,, ; ' 'y principal, hoirikjf,'~ thi stvent of default, tM Bank may, in is soN dauetion, apply ~Y paYrtant tR interest, prindpsl end/or lawful dungei•tMn sQertsKf. It +s the inteotitla bl-the parties Mnto that tM provieione herein shall not provide directly or indirectly fur the payment of a greater nab of inbrjgt of'tisi rat tion Of.iity'otl~. alarpe than is allowed by lave. If, for-any reason, interest in excess of suds legs) rate a a lsa?9e prohibited by law shall at snag tirt~ be poi arty eueb•estoetit fAHI either rxxatitub and is treated ss a psymarst on the principal or be ntursde0 directly to the Maker. The Maker may pn{tey tfti en? tine b~arloe.of tlse`loan at any tins. If the loan ie prepaid in full, socNerated or refinanced, tM Maker shah receive a refund of the unearned portions of the ' alit! MNlranp premiums rxtmputed by 1M Rule of 78's method. except that tM flank shall be entitled to tetiin a minimum interest large of,;16~.M:.~ ; ~ C DIT UFO#NIQ CREDIT LIFE A DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CREDIT. Such inwrsnsceopsrerZpe ia.i,~:~~'. avsi at tIN'aiit desipTSabd below for tM term of tM nxedit: is1 i for Credit Life Inwrsnp Ibl = - - for Lih A Ql:eb_itity Insuranloe: ~ - . Check ~ l~t l.ite Iraltrsna is desired on tht lice of Birthdate .-f A,ppl. O~a-eduit~-LihAOisabilitylrsstranoeisdesiredon 8irthdste - box 'fit Life and/or bisebility Irswrarsa is not deeind. _ ` Date:~~~~ Sigrlstur~ ipnatu ~ i ~ AFTERACQINI~EPN10lERTy>NILLtEtUEJECTTOTHE=ECURITYINTEREtTANDOTHERORFIITUREINOEITEONEftISiECUREDtY Y=UCHNROf~fRTY,AtFOlL01MS: ' Maker hereby grants to Bank a security interest in the property, if any, described in tM space below end in all other property of Maker now or hereafter in Bank's ptsssessioel,~fsd.fsfls security interest flssll also lacuna ell other liabilities of Maker to Bsnk, wMther prirrsary, secondary, direct or contingent, present or future. TM.atonaid security interest e7x~dudes tM Makers prinssry residence unless said primsiy residence is described below. - - - - ~i if the Bank requires tM Maker to obtain inwrance coverage apsirsst loss or damage to the collateral securing the Makers indsbtadssess to the Bank, lM Maker`.: ~ . f may obtain such coverage from snag spent, broker a inwror sotxptable to the Bank. ~ It is jointly sad essrerelty nxsvenanted and spread with the Bank by each Maker, endorser, wrety, guarantor, and other party to this note (alt of whom ate ~a, j hereinafter for Dnvity called Obligor or Obligors) that: ' _ I Bank shall exercise reasonable care in the custody'and preservation of the Collateral end shall be deemed to have exercised reasonable care if it takes such action for tMt ptupoee as Maker-shall reasonably request in wriY_ snp, but no omissan to comply with any request of Maker shall of itself be deemed a tailwe to _ _ exercise nasooeble can. Without limiting the generelity of the foregoing, the Bank shall have no respotalbility for ascertaining any rraturitNS, rsllf, consver- afore, excharspea, oNaa, tenders or similar msttdrs relating to am of the:Collateral, nor for informing the undersigned with respect to any thereof. Bank shill not be bound to take any steps netxs:sry to preserve any nigher in the Cdlatenl against prior parties, and Maker shall take all necessary steps for such purposes. Bank _ a its rwnsirae need not collect interest on or principal of any Collateral or give any notice with respect to it. Right is hereby expressly granted to the Bank M its t option to transfer at any time to itself a to its nominee any Collatsrsl and to receive the income thereon end hold same as security herefor, or apply it on the. prirscipel or interest due hereors or dw on any liability severed hereby. • Upon tM happening of any of the fdlowirg evens, each of which shall constitute a default hereunder, or if the Bank deems itself insecure, the entire unpaid balance of this note and all other liabilities of cads Maker to Bank shall tiseraupon or thereafter, at the option of Bank, without ratite or demand, become imrne- ' diately due end payable: Ial faituro of any Obligor to perform any agreement hereunder nx to pay in full, when due, arty liability whatsoever to Bank or my fit- stalment thereof Or interest thereon; Ib1 the death of any obligor; (cl the filing of any petition ursder the Bankruptcy Act, or any similar federal or sUb statute; F by a against arsy Obligor; (d) an application for the appointnant of a receiver for, rise making of a ganeret assignment for the benefit of creditor by, or the ~ iruolvency of any Obligor; le) the entry of s lodgment a?lnn any Obligor; (f) the issuing of any attschrrants or garnishment, or the filing of any lien, against any property of any Obligor; (g1 the taking of possession of ansy wbstsntisl part of the property Of any Obligor at the instsnoe of any gosremmanbl wthority; (hl the dibotution, merger, nxnaolidation, or reorganization of any Obligor; li) the determination by Bank that a material adverse change has occurred in the financial condition of arty Obligor from the conditions set fortis in the moat recent financial statement of such OWipor heretofore furn"IShed to Bank, or from - the nxutditron of such Oblgor as heretofore most recently disdossd to Bank in any manner; or that any warranty, representation, certificate, or statement of arsy Obligor (wlatiar contained in this note or not) pertaining to w in connection with this note or the loan evidenced by this note is not true; ljl tM assipnrnent by • any Makes of sMr puny in any of the Cdlaterel without the written consent of Bank; Ikl failure to do ell things necessary to preserve asld maintain the value and rallectibility of tfte Collsterel, including, but not limited to, the payment of taxes and premwms on policies of iraurance on the due date without benefit of the grace period. Unless the Collstersl is perisisable or threstena to decline speedily in value or is of a type customarily sokf on a recognized market, Bank ++~~111 give Maker res- - sonsble notice of tM time and place of arty public sale thereof or of the time after which a private sale will be held. The requirement of reasohssble notip shell be mRt if such notice is mailed, postage prepaid, to any Maker st the address given below a art am? other address shown on the records of the Bank, at least ten days before tli! rinse of the sale. Upon disposition of any CollatsrM after the ocwrrence of any default hereunder, Obligors shall be and remain liable! for arty - deficieneti; and flank shall account to Maker for any surplus, but Bank shall have rise right to apply stl or any part of such surplus for to hold the same as a , reserve) a0airat any end ell other liabilities of eels or any Mskar to Bank. ~ Bank shell have, but shall not be limited to, the folfowirsp rights, each of which may be exercised at any time whether or not this note a due: la1 to pledge or trarafer this note end tier Collstersl, vrlteretspors Bank shall be rNieved of all duties and responsibilities hereunder and rNieved from arty end all liability with respect to any Collateral so pledged or trensferred, and any pledges or transferee shall for all purposes stand in the Plscs of Bank hereunder and have ell the rights to Bank hereunder; Ibl to tnnsfar the whole or snag par of the Collatenl into the name of itself or is nominee; (ct to ratify tM Obligor on any Collar= anal to make payment to Bank of any amounts due or to benartte due thereon: (d) to demand, sw for, collect, or make arty rxxrtpromise or settlerrant it deems desirable with reference to the Collateral; end (el to take possession or control of any proceeds of Collateral. fdo delay or omission on rise pert of 6stsk in exerlsirg arsy rght hereunder shall operate ss a ws'tver of such right or of arty other right under dais note. No waiver o. alteration sfsstl be binding on flank unlaa in s writing signed by sn authorized Bank officer, end then only to the extent specifically set forth therein. Prnxerttmsnt, derrnrsd, protest and notice of dishonor, errs hereby waived by each and every Odigor. The taking of a renewal note without the sig~tun of any makes or endorser liable on chic note shell not be deemed a psymenst a discharge of this oblipstion and rite liability created hereunder shall continue until this note is paid in full. The Obligor, joinNy and snlverslly, promise end spree to pay ell cosy of collection, including attorneys' fees equal to 19% of the amount financed, or such larger smouna as may be reasonable end lust if collected by legal proceedings or through an attorney st law, including appellate progedirgs. The urxlers' adcnowbedpe receipt of s completed copy of this note t)n this dab. Address ~s~~ • _ (SEAL) ' Address (SEALI • .