Loading...
HomeMy WebLinkAbout0617 - e ~..,..,..r. . - - . - - ~ - - AISCIO~'~ ATE lROA INSTALLMENT lOAN8 ~ • , . ' . - ~ ~ ~ >Wk W Antouet Reetived •N ~ * K NAM ~ 181 Premium for Credit ~ " • ~ life/Oisatiility fns.: - ~ ~ QR ~e1.~~ ~ !C) Doeumer?tsrt? StaR~p}_. a~,?~~~~~_~! . , ~ 0 tC.. ~pQR~+•~ _ ~ ..r~~~..r ro~ O~ Char! 111~1~X~~R. !A'„""~~~ NOTE NO. ~ OATEO: ~ -.t.,....•1f1~• IF) •a,0. ~i • ~ l01 Anwunt Financed „`J,'r` I)UE• ~ ~ ,tiff , (A, B, C. O. E. F! , ' tj~ ~ 7 . ' IHl lnterast _ s.,~~~: PLACE: t ~ ~ . F40RtA~? ~ 111 Loan Fie ~'~;y M ndersgntid hereinafter called "Male j i h „hy IJI Other . ~ ; ~a ' For valve received; t u 1 er") o rat and sever (i! IKI ~ , more cMn ortet promse to pay to the order of the Bank, ac its office lissed above; flee 7otN ILL ~ , .w~• ` of Payments (from tNl at rght) of Dollars peyabh in, cowl monthly installment: of S - - _ ' ~ first . IMI FINANCE CHAAt3E, ~ irstallment dw ore ` , 19~ , and w uait i ~ IH, 1, J, K, L) k bMQ ~ title INI Total of PaYtttents (Q"~ M) ~ ~ e ' the ~ day of each month thergiter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAtti~ AA't'E~' % ' s ' bUE '.r+.rMirerrrr , 19: 1~ The 8snk shall impose a NNingwncy charge apainet the Maker on any psymenf which has become due std remains in detst~t tor.i Qeriod in excess of 1O - days in an amount punt to tl~ Ot the payment in cNbult. In the event that flee Note is not Wid in full at maturity, all paynNnb, whetlia principal, interest or otherwise, shall beer interest at tM maximum N!>d raq allowed under the law, qll payments rrtade hereunder shall rte txaditet#.tirst tp inarest and then to principN, however, in tM eveitt~of detwlt, tM Bank may, in its soA disuetiolt, apply sny psymatt to interest, principal•snd(oi3aN~ful:'cltarges then accrued. his thlr intention of the peities hereto that tM provisions herein dtsN not provide directly or indirectly for the payment gt i ~tpi rate of interest or the retention of any other char than is allowed by law, If, for any reason, int¢rat in extxss of such legal rate or a charge p~Ohibited by yw shall at sny time be paid, sny such excess shall either constitute and bt treated as a payment on the principal or be roturtded directly to the Maker; T1w Maker may prepay the en- fire unpaid balance of the loan at sny time. Ii tM loan is propaid in full, stx:elerated or refinanced, the Maker shall receive a refund of tM unearned portion of the interest and irgtrrareoe promiunts cotrtptrted by the RuN of 78's method, exoapt.Het the Balk shah be entitled to retain s minimyKre interest charge of =15.00. l~ CREDIT LIFE ANO CREDIT LIFE 8 DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Suds irewrsnce coverage is avsilaWe at tM tact designated below for tM term Of flee pedit: lal t ior Gedit Life Inwrance !b1 Z t=` for Credit Life at Oisebility Irestuance: - ~ t Check - ? Credit lift Instlranq is desired on the lih of ~ ` B'vtlidste Appl, ? Credit lib b Disability Irtstrrerece is desired on 8irthdate' , s Box ~ Credit Lib and/or O'tsability IttiuraRa a not ,s! Gate: ~ sr -1~0 S' lure ~ , Signsture~~"~'~+-~/>~~.[ ~ ~/~i~~ ,1it.~ AFTERACOINREO Ml0?ERTyt#Itl ~E:UiIECTT URITY INTER D OTHER OR FUTURE INOE~TEDNESS IStE00RE01y ANYSUCM MO~ERTY, pS FOLLOWS: ; Maker hereby grants to Bank a eeturity interest in the property, if sny, described in the space below and in all other property ofi Maker now or hereafter in Bank's possession, anti such security interest shall also secure sl! other liabilities of Maker to Bank, whether primary, setrxdary, direct or contingent, present o: future. The aforesaid security interest excludes the Hikers primary residence unless said primary residence is described below. y: - - - Rt If the Bank rpuires the Maker to obtain insurance coverage against loss or damage to the collateral securing'the Makers iredebtedltass t0 the Bereft, the Maker may obtain such coverage from any agent, broker or inwror acceptable to the Bank. - e Ic a jointly and severoNy covenanted arxf agreed with the Bsnk by each Maker, endorser, surety, guarantor, and other party to this note (all of whom are hereinafter for brevity called Obligor a Obligonl that: ' Bank dtall sxereae reasonable care in the custody and preservation of the Collateral and :hail be deemed to have exercised ressor?attte care if it takes such action for that purpose as Maker shall ressortably roquest in writing, but rto omission to comply with any request of Maker shall of itsNf be deemed a failure to exercise reasonable are. Without limiting the generality of the foregoing, tM Bank shall have no responsibility for ssurtsining any maturities, calls, convey- lion, atdtareges, offers, tenders or similar mstttM relating to sny of the Collateral, nor for informing the utdersigned with rapett to arty thereof. Bank shall not be bound to take any steps naCKSery to preserve sny rights in the Collateral against prior parties, and Maker shall take all nat:essary =taps for such purposes. Bank or its nominee need not collect interest on or principal of any Collateral or give any notice with respect to it. Right is hereby exprasdy granted to the Bank at its option to tranafsr at any time to itself or to its nominee any Collateral and to receive the income thereon and hold same as security henfor, or apply it on the principal or irllFrest due Mroon or due on any liability secured hereby. ~ • - Upon the happening of ally of the following events, each of which shall constitute a default hereunder, w if the Bank deems.itseM insecure, the entiro unpaid balance of this note and all other liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without notrCj or demand, become imrtts- diatNy due and payable: Is1 tailuro of any Obligor to perform any agreement hereunder or to pay in lull, when due, sny liability itihatsosier to Bank or arty in- v :raiment tht?eof or interest thereon; (bl the death of any Obligor; Icl the filing of any petition under the Bankruptcy Act, or any stmiNr federal or state statute, ' by or against any Obligor: (d) sn application for the appointment of s reosivar for, the making of a general assignment for tM batefit of rxeditors by, or the insolvency of sny Obligor; let the entry of attrdgment against sny Obligor; lf) the iswirg of atey attachments or Banishment, or-the filing of any lien, against _ any property of any Obligor; Igl the taking of possession of any wbstsntial part of the property of any Obligor at the inatsrece of arttr govemmenW authority; i (hl the dissolution, merger, consolidation, or reorganization of any Obligor-, lil the determination by Bank that a material sdverse'dyrtgs has occurred in the financial condition of sny Obligor from the conditions set forth in the most recent financial statement of wch Obligor hsretoforo famished to Bsnk, or from the condition of such Obligor as fterttofore most recently d'adosed to Bank in sny manner; or that any warranty, representation, rxrttfipte, or statement of grey Obligor ivvf?ether contained in the note or notl pertaining to or in connection with this note or the loan evidenced by this note is not flue; fjl the assigrxreent by any Maker of sny puny in arty of the Collateral without the written consent of Bank; lkl failure to do all things necessay to preserve and maintain the value a:W collectibility of the Collateral, including, but not limited co, the payment of taxes and premiums on policies of irtwrance On flee due date without benefit of the grace period. ~ . lMless the Cdlateral is perishable or threatens to decline speedily in value or is of a type custorrtaily saki on a recognized market, Bsnk will give Maker yea- z; wnable notice of the time and place of aey public sale thereof or of flee tins after which s private sale will be held. The nquirenrnt of reasonable notice shall t be met if such notice is mailed, postage prepaid, to arty Maker at the address g'wen bektw or st arty other address shown on the records of the Bank, at (east ten ; ' days before tM time of the sale. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors-shall be and remain liable for arty deficiency; and Bank shall account to Maker for sny wrplus, but Bank shall have the right to apply all or any part of such surplus (or; to hold the same as a ; reserve) against any and all other lisbilitias of each or any Maker to Bank. ~ , Bank dtall have, but droll not be limited to, the folbrvirg rights, each of whidt may be exerc•Ked at any time whether or not this note is due: la) to pledge or transfer this note and the Collateral, whereupon Bank dull be relieved of all duties and responsibilities hereunder and relieved from arty and all liability with respect to sny Cdlatsrsl so pledged or transferred, artd sny pledgee or transferee shall for alt purposes stand in the place of Balk hereunder and have all the d rights to Bank herwnder; Ibl to transfer the whole or any part of the Collateral into the name of itself or its nominee; lel to notify the Obligors on auty Collat- eral to make payment to Bank of sny amounts due or to become due Hereon; (d) to demand, sue for, collect, or make arty compromise or setdsment it deems # desirable with roterortce to the Collsteraf; and lel co take possession or control of arty proceeds of Collateral. ~ ` No delay or omission on the part of Bank in exercising any right hereunder shall operate as a vigiver of wM right or of any otfter rght under His note. No ' waiver or slteratan shall be binding on Bank unless in a writing signed by sn authorized Bsnk officer, and than only to the extent specifically sat forth Herein. ~i PresentrrMret, demand, potent and native of dishonor, as herby valved by each and every Obligor. The taking of a rrrrtewN note without He signature of arty maker or endorser liable on this note shall not be deemed a payment or discharge of His obligati and the liabili peered sfta(I continue until this note is paid in full. The Obligors, jointly and severally, promise and sgroe to pay all costs of ion, incl attorneys' ees pual to 10% of the amount financed, or such larger amounts ss may be rsssonsble and just if collected by legal pr or thr attorney at , includ• appellate proceedings. The under:' ack receipt of tad f 'note on this date. t Address S~ ~~r 1rflfP n . (SEAL) ; Address t j - 'T~ ~ ~7~~ iSEALI ~ B ~e,'~ PAt~ V14