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Home My WebLink About2265 a-~.-.~ ~ . - - - - - - _ . - Y OISCl.O$U~E NOTE FOR INSTAI.IMENT LOANS t~i.~(`1~`e - iiM IAI Amount Received • ~~~K NB AM£ =~k (8) Premium for Credit uh/Disability Ins. - ~ ~ :~„ZaSIJ0.d0 lcl Doeumer?tsry Stsm{li~. 3 _,'~~-90 • - ~ lot Otltar charges (itainail.`:• i_~q- NOTE NO. DATED: s~ . 19~Q.. IFI s_, _ - ~ lGl Amount Financed ~ ~ ~1 j j ~ DUE• ~~etaYl~1- ~ tg.~, IA, B, C. D, E. Fl' i• p~- - IHI Interest ~ ~ _ 1SattS~~ j~ . PLACE• ~ sjflll<biS ~Cjll - EILVBWA 111 Loan Fee - ~ _ For value received. tlta undersigned (Mreinatter called "Maker") jointly and severally lit IJI Other ` • f = , . more than coal promise to pay to the order of the Bank, at iq office listed above, the Toth lKl • _ of Payment:Ifrom lNl st.ightl of u.9~a~0 oMlsrs payable ~n ,~se,.. (L! : ~ • - - 'S - IMI~ FINANCE CHA~1r~ Vie`=9-~ equal monthly installments of - • ~ tirsl IH, 1, J, K, l) _ i inagllment dw on ~>ti 1 . i9~a, end wbseawnt ~nst~tkraen~s dw on !NI Total of Payments l(i Mi ; Ij • ~.9~`.~~ = the day of each montA'tha~r•Iter. together with a FINAL BALLOON PAYMEWT OF: ANNUAL PERCENTA~3E,~iA78~p~ % :r S •a Dlr~ ,19 _ s " The Bank shall irrKwse a detirtqut:rtcy charge sgairtst tM Maker on any paynrnt which has becerrte due and remains in O~fsut{-ipi a period in excess of 10 ".days in sn amount equal to OK of the payment in defwlt: In the event•that ttta Hots a not paid in full at rt)aturity, all paymerttt'~glhp principal, interest or otherwise, shell bsu interest tlt the maximum Isgal rate slbwtd under tltr lat(ii. All paymertq made hereunder shall be trldile~ tlrst tb interest and then to principal, however, in tM event o! dafwlt, the Bank may, in iq sole discretion, apply any paymerte to interest, principal andlgr latrfyl charges then accrued. It is the intention of the parties hrsreto that the provisions herein shall not provtds directly or indirectly for the payment of a gcesaer rate of interest or the - retention of any other charge than is allowed by law. If, fa any reason; interest ip excess of such legal rate or a charge prohibipp b? law shall at any time btj paid, any wch excess shall either constitute and ba treated st a payment on the principal or be refunded directly to the Maker- ~1+t Maker may prepay the enr fire unpaid belarroe of the loan at any time. If the loan a prepaid in full, atxelerated w refinanced, the Maker shall receive f refltod of the unearned portion oi. the interest and ittsursrtce premiums contptrted •by the Rule of 78's method, except that the Bank shall be entitled to retain a minimum interest charge of =16.00; CREDIT LIFE AND CREDIT LIFE 8 DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such irtwranca coverage available st tM poet desgnsted below for tM term of the credit: la1 S - for Gsdit Lite (nwrsn~ tb1:. _s~ " for Credit Life 8 Disability Inwraftoa: ~ ~e~s~ - - - Check Gedit life Lowrance is desired on the life of ~i n- 8irthdate ~ s Appl, ? Credit life 8 Disability Irtwrsnce is desired on - B'athd~te Box ?Credit Life and/or Disability Irtwrartce a not desired. - - Date: ~~~_Signatur • Signature ' ~ . AFTERACQUIREDMOPERTywILt~ESUtIECTTOTHESECURITyINTERESTl1>rggTHERORFUTUREINDEtTEONESSISSECUREOIYANYSUCMPRO?ERTKAS_FOILOMfS: Maker hereby granq to Bank a sst:urity interest in the property, if any, descrrixid in the space below and in all other property of Mstur now oc hereafter in Bank's possession, and such, security interest shall also secure aH other liabilities of Maker to Bank, whether primary, secondary; direct a contingent, present or future. The aforesaid security interest excludes the Makers primary residence unless said Primary residence is described bekw. ~ ~~ua L C~T1Ca1~ era- r ~ ~ - ~ ~1StICt11 at ll~itlir Marie. - - - ~ If the Bank requires the Maker to obtain inwrance coverage against loss or damage to the collateral securing the Makers 6tdebtodr(sss to the Bank, the Maker may obtain such coverage from any agent, broker or inwror acceptable to the Bank_ It a jointly and severally covenanted and agreed wiith the Bank by each Maker, endorser, wrety, 9iwrantor, and other party Lo, iha note (all of whom are hereinafter for brovity called Obligor .x Obligors) that: ~ - Bank shall exercise reasonable care in the custody and preservation of the Collateral and shall be deemed to have exercised ressortable care if it takes such action for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request of Maker shall of Itself 4e deemed a failure to exercae reasonable care. Without limiting the gerteralitj of the for*_going, the Bank shalt have no responsibility for ascertaining any maturities, calls, conver- sion, exchanges, offers, tenders or similar rrtatdrs rNating to any of the Cold ateral, nor for informing the undersigned with respect to any t)tereof. Bank shall not be bound to take arty steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all rtecesssry steps for such purposes. Bank or its rtontinee need not collect interest on w principal of any Collateral or give any notice with respect to it. Right is hereby expressly granted to the Bank at its option to transfer at arty time to itself or to its nominee any Collateral and to receive the income thereon and hold same as serarrity heretor, a apply it on the principal or interest due hereon or dw on any liability secured hereby. ! lJpon the happening of any of the following events, 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 each Maker to Bank stroll thereupon a thereafter, at the option of Bank, without notice or demand, bi:corrte imrrte- diatNy due and payable: lal failure of any Obligor to perform arty agreement hereunder or to pay in full, when due, any liability whatsoever to Bank or any in- stalmertt thereof or interest thereon; Ibl the death of any Obligor; lci the filing of any ttetition under the Baikruptcy Act, or arty similar federal or state statute, by or against arty Obligor; Id) sn application for the appointment of a receiver for, the making of a general assignment for the benefit of creditors by, or the , Ensolvency of any Obligor; lel the entry of s judgment against any Obligor; (fl the iswing of arty attachments or gafnistiment, err the filing of any lien, against any property of any Obligor; Igl the taking of possession of any substantial part of the property of any Obligor at the instance of arty governmental authority; (h) the dissolution, merger, consolidation, or reorganization of arty Obligor; lit the determination M Bank that a material ~dversedwn9e has occurred in the financial condition of-any Obligor from the conditions set torch in the most recent financial statement of such Obligor heretofortfftirnislted to Bank, ur from the condition of such Obliges ss heretofore most recently disdosed to Bank in any manner; a that any warranty, representation,certificate, or statement of any Obligor (whether contained in this note or not) pertaining to or in connection with this note or the loan evrder?~ed by this note is not uue; GI the assigmtent b;r any Maker of tmY equity in any of the Collateral without the written consent of Bank; Ile) failure to do all things necessary to preserve and maintain the valve and collacttbility of the Collateral, including, but not limited to, the payment of taxes and premiums on policies of inwrance on the due date without benefit of the grace period. Unless the Colsteral is perishable or threatens to decline speedily in value or is of a type customarily sold on a reccynized market, Bank will give Maker res- sonable notice of the time and place of any public sale thereof w of the time after which a private sale will he held. The requirement of reasonable notice shall be met if such notice is mailed, postage prepaid, to any Maker at file address given below or at any other address shown on the records of the Bank, at least ten days before the time of the sale: Upon disposition of any Colateral after the occurrence of any default hereunder, Obligors shall be end remain liable far arry deticiertcy; and Bank shall" account to Maker for any wrplus, t+rt Bank shall have the right to apply all ca any part of stroll surplus (or to hold the same as a reserve) against any and all other liabilities of each or any Maker to Bank. ~ Bxtk shall have, but shall not be limited to, the fdlowing rights, each of trihich may be exercised at any time whether or not this note is due: (a) to pledge . err transfer this rota and tfrs Collateral, whereupon Bank shall be relieved of all duties and responsibilities hereunder and relieved from any and all liability with respect to arty Collateral so pledged a cransterred, and any pledgee or usnsferee shall for all purposes stand in the place of Bard: htreu+xler and have all the rights to Bank hereunder; Ibl to transfer the whole or arty part of the Collateral into the name of itself or iq nominee; Icl to notify the Obligors oo auty Cdlat- eras to make payment to Bank of any amounts due or to become dw thereon; (d) to rferr?and, we for, collect, or make any tanpromise or settlement it deems desirable with reference to the Collateral; end le) to take possession or control of arty proceeds of Collateral. ~ No delay or orsrission on the pert of Bank in exercising arty right hereunder stroll operate as a waiver of such right err of any other right under this mote. No waiver Or alteration shall be binding on Bank unless in a writing signed by an authOriaed Bank officer, and then only to the extent sptxificalF~ set forth therein. Presentment, dtnwtd, protest and notice of dishonor, are hereby waived by each and every Obligor. The taking of a renewal Hate without the signature of arty maker or endorser liable on this note shall not be deemed a payment Or discharge of this obligation and the liability created Itereurtder shall continua until this note is paid at full. Tfte Obligors, jointly and severally, promise and agree to pay all t:OSq of collection, including attorneys' fees equal to 18% of rite amrwnt financed, or such larger aritottnts as may be reasonable and just if collected ty legal proeeedirtgs or through an attorney st law, including appellate proceedings. The undersigned acknowledge receipt txtpy of the note on this date. Address ~Q9 f3i~iy 1~ItaiLal< _ (SEAL) Address (SEAL) to FBS 75? Rev. 7/79