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HomeMy WebLinkAbout1338 +sr~<. . COLLATERAL LY REPAYMENT NOT No. . ~ sl0en~_~e ,Pl1W faE~1CN Ct?UNTY DA ,+~--r~jT.. ~ . ~ Iris a~ swra ~ t:liirs ~ of t~ ~.i a~ i~t>~s?:'~f'~ti:~".:~ "t~''„~.': ~ ~~Y !o t!w sstli~ o! - 5q. _ R Yr'•~ st SGRw ~ • 'r'1 w,, ~.n s ms's; "i ...i - . ~ ,r .4 s.. .si s-:, .~~sw~~i,an i. _~.a1...~) -.,c9` .c . , • hs: a.at ~ ~.1 i. . q ~ a • . A 1.: . for at~wM e~tbar piaoa '!M'y tMayllMdi t~ ~pf~~~h~~~.a#.7r•,*!~s?:Y ij 't i .C4:ia1. t •v~ ? Mt~~~~ - . _ fps 'r s. .e~sd. rt'p R..~ sxf~'.iu. •1 i@ 1,N t-. ~ 3 k:..,cy l 1~~.~.=.. - . w . _ Alit M tti# amount ; ~ ~dw au . , „ : t~ i..::.. etatlaed- ~ E~~oeet st thi~ afsoarlt•wt~~t~y *IMtdpr ogyfft~ts or b dfihnltt,~.,,Apll' -p-a.yall.frarf fRnla td!f ~!~`Yrl?1i1.O1~FftNd'Md /eAiefildlk .'Til'~`ih t[tltilf~{irltl~ y.,~ _ . aedtt lih IntliirMoe P~Nnn ~ other cAaffn - - f!r!4kiM.b ~n AYpUMLFINANC60 _ - • 1 ~ a FINANCE CHAR (whidi amount ittehaldea Ilitafaet ~ tend credit imiestbetion tow of = ~ - . ~ ruWtilio M an . wz ~ , ANNUAL PERCt'tt)tAtiE T of ~,,,~_!i: Ira tiiMicar has the rlobt to prepay this ban M tt~ ofd 04taM # rt~eta of tM end portiof+ 9t the ingrew and cfadit IiN.InlufMi nIMN1t cofnpti ..wider UIe "Soto. of tIN Cieia" rt?ethod. - ~ ~ -As uad f ihe-.tufn~"Co ihall,~rlesfl. and inccfllds tM fOllowin~ propelb? whitat Nos beeA Ol b hereby Pfd a::tBned or catve!?!d tq, or dapwithd waft tllti 8anir ~ . Me)rt~la~i~ sreds~dM rili? dM ! it and arty and -aft. otMr O~PNh d . tlnd Ot now 0? hereafter M tM Possessbn o? u any reason, MgatM? with sM additions and substtditions~iMft~r pNtiged to or deposlte0 wink BBflk and iftoMfdlnd aN ! stock and other divWwlds and i9 fights to subecflA~ to? saeufitles tneklent t0. dedarad, or • ii= oonrncdon with aft h#rain aboyr tiest:ribed or nNarnd t4, As Irsed herein "liability" a'habiliEfes" owns and lflcl this rota and aN obtigitlofls and (primary. secondary. direct contingent, sok, joint cy siveraQ, due or to beoome dw or whkA may be Aerwlter eorltrseted or acquired of cant Maker (Utt~eding any Maker and any other person) to Bank Mabr warrants and agrees that Bank has and sMN haw a lien upon. setufity title to and a se~~rg~ interest in aH the CoNateral as security for the payment of this note and all tiaWlities, indudirtA any extensions. renewal; w changes" in fo?rn of any thereof. TM wrrender of tMs note, upon pyrnNnR oa otMnirtse, shNl not aMact tM, rlgM-d Bank Eo retain tfla Collateral for env other tiabiliti~ ' CREDIT UFE ANO CREDIT LIFE i DISABtL INSURANCE. /1AE MOWNTARV ANO NOT REQUIRED FOR CREDIT. Such inswattee is availabN at the cost desigaatad t>slwr for the germ o! Me {:edit: (s) o? Credit Life Insurarres (bl i for CretlK i Oisabifity Insurance C.~ Ufe hrsuranea b desired on tlra Net ot_~~t ~ ' w ~ Check ~ 8 ~ ~ Credo I.IN i Disability Inwanq b desired on Credit ftla and/or OisabiNttt InswarKe b not deli i (Date) ~~alA - - (Signatu i AdtAtlo~e.ti0. redllctiwls a< raNases a eaxhsnGes err for tM CoBaural, paynraKs on account or lrib or tncrgsa of the sans a aMN locos made partiaaY or wholly upon tM Col Y f tirria to time d• made without afbctirtg Ma provisions of tMs nets. Bank shah exerelsa taasonable care In the custody and tM eral to Ura e5derrt required by applieatale ablate, and shall ba deemed to haw _ exercised eaasorratale pre K it tikes such action for purpose as tlaker shag rpsonaby request in wrRing, brrt ra omission to do any act not requested by trek.. store tM. deerayd • fallen te` rea!sonaWe pre, and no amfsston to comply wttli wY request of taker shag w RseH be demand a faibie to exercise reasonable ore. dank shall not t» bowW to tent any steps negssary to preserve any ryfrts M tM Couabaal agalrrst prior parties and Wksr shag •bke aR , weceasery sups for such purposes. Bank or its raorniraee need not colksct Interest on a principal of any Col. lateral a tint any notiu will) respect to it. If the Cdlatent shag at any time become unsatlsfsctory to Bank Maksr shag within one day aRer de. mend pNAGe and deposR wit/r Bank as part. d tM Collateral addRlorasl propatY which b sstisfa.-tory to Bsnk Bank b ttsrabY {ranted: s seesrity interest in sB prapaty oi. each fybligor (lrihkh term shall mean and include each Malty, ln4wsdr. surety and Guarantor d this reds) notlr Or a< awy tlrria hereaner in the posssselon of Bank to a1ly.cspscity whatsoever. including taut not limited to any balance - or store d srry deposit, trust or selencY account. ss sa:urity for tM payment d this note. and a similar ssturitY Inures! M alt such PropeRy of each Maker ss security for. tM payment of aY other Ilabltities: and Bank sha8 have the same rlpfita ss to such property as 8 has wkh respect to tM Collateral. Tlw holder d this note may st any dme, wtaelMr or not this note Ms matured, cirsrge any igdebtedness eepresereted by this ode ~pip~ any deposit account, General or special, of any obligor hereon, retuminG any unearned iMetest or disoourtt; but fafHne to apply any paR or all of said accourN [ on this note or to snforte any d tM rights Mrein Given tM holder shall red affect tiN 6abilily of any obligor Mreon. C Borrower will at all times keep the ooilaterat located egelrat lose, damaGa, theft, and such oMM rNics • Scoured Party may requite. TM bank does not solkh for nor reeommerW gray tneuranee eornpanY. TM dtotee of Imutasoreornpefsles N M~ Cfbllgors otitis. Borrower hereby grants tiO bank • ~ security Interest M env returned or uneemed prerratrutas from anY Insurance financed fraraunder. ~ Bank shalt haw, but -shall not be Nmited to, tM following rights. Nth of whkh may be exercised a< any time whetMr o. not tMs ode Is dire: (1) to pNdge or transfer fhb ode and tM CoUstenl and Bank shall tMteigat be relieved of all duties and responsibilities Mrwnder-ant rNieved k from any and all liability with respect to any Collateral so pledaed or transferred, and anyY pledGee or transferee shall for all purposes strlrrd In tM placed Bank Hereunder and have alt tM riGhts of Bank Mreunder, (2) to transfer the tihole or any part oI tM Collateral into tM name o1 itself or its raorrifnse; (3) to vote tfra Collateral; (4) u raotih tM obliGOa on any Collateral to make payment to Bank of any amounts five or to bacorrre five tMreon; (5) to demand sty for. collect, o? make any compromise or iettlertrewt it deems desinbte with reference to tM Collateral; and (6) to talcs possesTion and control d any proceeds d Coastsral. Tfr! Happening d any d I15e foiiuwing iwnt3 shalt ca?stttt,Ye a defsu$ ~strrwrdar. (a) fai!u:s Cf arty ANiGo. to pey in full any Instalment paritale Irersirndsr promptly when it laecorrres five; (b) failure of any Ob1~ar td WY in full when five any indebtedness, oblcGation, w Ilataility to Bank whatsoever. a any tnsulmant thereof or irrtenst tMreon; .(c) failure of any Qb-'!~~r to~ perform any agresmsnt Mreunder, (d) the death of any Obligor; (e) any ObliGw becomes (nsoiverrt or any insolvency proceedings (as said b ~ "~'~riWwnY' and "lnsdvency proceedings" sn defined in the Uniform Commercial Code) are instituted a made by or against any Obligor, or appiic tw tM appointment of a receiver for any Obligor or for any of the assds of any Obligor, (f) tM issuing of any attxhmeM of Gamishmaat, 0. d any lien against any property of any Obligor. If at any tuna any warrant, reprastrrtation, urtirtcats or statement of an~ Igor (whether contained in this ode or nd1 peRsininG to or In connection with tMs note o? tIN koan a credit evidenced by tests note, Is red or upon the happen;nG of any evert o/ default ss defined Mrein, or if Bsnk at gray time feels insecure for any reason whatsoever. (i) Me entire antoent of this ode remarninG unpaid. less 1M amount of any untamed interest a discount srM any rebates required try law. shall tascorrae five and payable forthwith or thereafter at tM option of tM Bank and without notice o? demand (and In no evert and under no circumstances shall Bsnk or any holder hereof be entitled hereunder to unsccnred or unearned interest or fiber charges, acrd kr no event and under no drcumstances dull Bank or any holler Mrwf be entitled Mreundsr to receive at any time any charges not allowed or permitted by law or any iMerost or interest rate in exuss of Ure mssimum allowed by taw): (ii) 8snk may, st its option, thereupon or thereafter declare sa dhcr liablities, or any d them selected by Bank (notwithstanding anY provisiorK thereon, immediately five and payable without demand a ndice o! airy Idnd (but with such adjustments. M any, with respect to any interest or fiber charges as may be provided for In tM promissory note or filter writing evidencing such tisbitity; (fiA Bank sfisa have and may e.ercise without demand any and all tM riGMs and remedas Graded to a secured party upon defauk under tM Uniform Conrniaeial Code W oMsrwise availabb to Bank (incudinG those available under any written instrument to addition to this note relating to ant/ of tM UablGUes o. any sxurrty tMrefor) and, without IimiUnG tM eener,;hty d Me foregoing, Bank shall Rave the right, immadiatMy and without turtHer action by U. to set off against this Holt all moray owed by Bank in any capacRy to each or any Obligor, wMlher or red five, and also to sty elf against ail other liablites d each Maker to Bank sit money owed - try Basle In any capacity to exh or any Maker, and Bank sha'1 M deemed to have exercised sucl? right d setoff and to haw made a charge aGsinst any such money immediately upon the occurrence d such defauk p other event ever, though such charge is made or entered on tM books d 8snk wbsequent Mardo; and (iv) tM Obligors, ioirRy and sewrsly, promise and ague u pay aG a:gnses of Bank in tM collection of this rwte and In tM enforcerrraR of rights Mrwnder and In tM enforcemed d rights under a with respect to any d tM Collateral, including reasonable attorneys' - fees. My proceeds d any Gollatsrsl or d any disposition of any Cdlateral may be sppaed by Bank to the DayrneM of expatsss in connector witA tM Collateral, including reasonable attorneys' fees and legal expenses. If any edification Of intended disposition of any o/ flee Colfstetal is rpulred by bw, all requireniaats of reasonable notice shall be mat. and such notice shag N deemed properly givM, it at least -five days before such dispusl- ~ u«r such ndke is served on tM Maker in the mannsr Mrein provided. Upon disposition of any Collateral Maher shay a and remain Uable for any d.ftaaicy; and 8snk shall account to Maker for any wrplrrs, but 8snk haw the right to etpiy all or anY part of such-wrplw to Me WY- meet d any liabilities whether o. red they. or ar?y d them, be Mat dire. and such order d application as Bank may morn time to lima elect. No dMay W omission on IM part o1 8snk in exercising any right Mro shall operate as a waiver d such right or of any other right under this rieta. If more than one party shall exew4 Mis rate, the term "Maker' shat mean aR paAies signing Mb note and each of them, piritly and eev ~ aa1y. As used herein, the singular shall include tM plural and ttN plwat niMri and irieksde tM singular, grid sty pronoun. or whatever ~ Gender, shoe inckriM aN pndero. My notice to Maker shall be served for .erg purposes if placed in tM mail. postage prepaW, f addressed t0. a Is/t upon tM pnxnises st, the address shown Ireraon or otlie? ettdress appearkig an Bank's racpde. - j Maker r~scMpt of a compdad copy of tHb sofa aw We date. ,I i ! sbi]..-saos.~~o-airs,. s. se~ckr ~e,. ps~re.,e ~ 33tsa - i#aet s.~t.: - etr~u ~ ~f.~ REGULATION "Z" DISCLOS!!RE COPS NON NEGOTIABLE