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_ Upon the~happe~i~g:pf any'oE'~he folloNing-events, the Payee o~ othee holdec m~?y, ~t its ~
opclos~, ~forthwith acce~lerate.maturit~~ arld~thc ~unpaid balancF hercoE shall chereupon lmmrdietely
become due and payablc without demand or notice, to wir. (a) failure co pay thc s?mount of_ anY ' ~
paymene ~equired to be paid, pursuant to subdiYisions (a) or (b) of ~the preceding ps~r~graph on th~ -
due date thereof; (b) drfault in payment or performance of any obligation oE any of the undcr-
signcd to the holder hereof, (c) dissolution of the undorsigned, if a corporation; (d) iE thc unde~-
~ ~ sig~ed a any indorser~ surety, or guarancor of chis note shall beceme insolvent~ make a genernl .
j - assignmenc for the beneEit of c«ditors~ or if any proceeding of any n~turr under the Fedrral
Bankrupccy Acc, as amended~ or under any•state insolv~ncy scatute, be zommenced by or against ~
~ ~ any of them, or a receiver be appointed of, or a writ of order of attachmer~t or gamishment be . .
~ ~ , issued a made against, any of the property assets or income of any of them.
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The holder of this note shall have a lien upon and che right to withhold or apply at any ~
~ time its own indebtedness or liability to the makecs as security for che payment of any liabillty ~
due or becomin due to the holde~ from the makers hereof. -
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Tha undersigned and all indorse~s, sureties•snd guaeantors hereof hereby jointEy ~and
. severally waive presencment for payment~ demand, notice of nonpayment, notice of pcotest snd '
, ~ r protesc oE this note, a~d all indorsecs, sureties~ mnd auarantors hereof consent to any.and ~11
excensions oE cime, renewals; waivecs; or modifications that may be grnnced by the holder Rrith ;;;;j ~
tespect to the payment or other provisions of this note, and to the rclease of the collateral, or ~s'~ ~ '
any pact thereof wi~h or without substitution artd agree that additional makecs, indorse~s, gue?r•
~ ancors, or surecies may become parties hereto without notice to tfiem or without affectin~ their
liability heeeunder. The undersigned and al! indorsers, sureties, and guarantors hereof hercby,
- expressly waive all rights to claim exemption sllowed by the laas of the. United States or any of '
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the several staces. ~ ~
The acceptance of any payment hereunder by the hoide~ hereof afte~ the time said Qayment
becomes due as' hereinabove provided shall not be held co establish a custom or aaive any rights
_ of ehe holder hereoE to enforce prompt payment of any further payment or to seek any other tecaurse ~
~ it may have.
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This note may not; w[thout prior wiitten consent of the holdec hcreof, escept ~s ot~?ecwlse
~ providcd hereia, bz prepaid in wholt or in par~ on or prior to January 1, 1964, no~ pn'oi t9 Actabec 1~
1969, by the applicatioa d'erectly or indireccly oE bonowed funds having an inter~~t r:~te or iatecest
co~t to che makers.(computed in accordarice with accepted financing practice).of less than 3
pei ceni; otherwise, this notc may be prepaid, ae the election of the makers, `ia ~hole but aot in
' part (except with the cansent of thr holder hereo~~ on any interest psyment date~ upoa ~iving at
g' least 45 days' ~vriaen notice co che holder heceof, by paymeat of the unQald b~lance of the priaci-
~ pal here~f coaether with accrued iateresc chereon plus the applicable premium ehown on the
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