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<br /> •
<br /> BUSINESS BUSINESS NOTE
<br /> Prepared and intended for use by corn-
<br /> , ,.
<br /> 1,.' .:. .! 451 112/82) (Use only for business purpose loans or for consumer mercial banks in transactions governed by
<br /> Wisconsin Law.
<br /> ©Wisconsin Bankers Association 1982
<br /> loans in excess of 525,000.)
<br /> MARY K. PAGE and STEVEN S. PAGE August 3 , 1984 $50,000.00
<br /> (MAKER)
<br /> The undersigned("Maker", whether one
<br /> or more)promises to pay to the order of. STATE BANK OF CROSS PLAINS ("Bank")
<br /> at 1205 Main Street, Cross Plains, Wisconsin, the sum of$5O,000.00 •
<br /> [Check(a), (b)or(c);only one shall apply.)
<br /> ❑ (a) in one payment on
<br /> L (b) in 12/Yr equal installments of$ 654.70 payable September 3 , 19 84
<br /> p ,and on the same day of each
<br /> succeeding month thereafter, FXXIXXXXX XX,X*Xn X krUXXWaXi6VX XX- MI XcX€XM∎ XXJ(X
<br /> All payments include principal and interest.
<br /> ❑ (c) in equal installments of principal of$ payable ,19 ,and on the same day of
<br /> each month thereafter, PLUS a final payment of unpaid principal due on ,
<br /> PLUS interest payable as set forth below.
<br /> If the amount of interest is not shown on line 4 below,this Note bears ig�jjerest on the unpaid balance before maturity at the rate of 14.90** %per year.
<br /> y Interest is computed for the actual number of days principal is unpaid '4i on the basis of a 360 day year ❑ on the basis of a 365 day year.
<br /> Q Interest is payable on September 3 , 19 84_,and on the same day of each succeedi nq
<br /> month thereafter,and at
<br /> maturity, OR, if box(b) is checked,at the times so indicated. Unpaid principal and interest bear interest after maturity(whether by acceleration or lapse of
<br /> time)at the rate of 14.90**% per year until paid, computed on the same basis.
<br /> If any installment is not paid when due or if Bank deems itself insecure, the unpaid balance shall, at the option of Bank,and without notice mature and
<br /> become immediately payable.The unpaid balance shall automatically mature and become immediately payable in the event any Maker,surety, indorser or
<br /> guarantor becomes the subject of bankruptcy or other insolvency proceedings.Bank's receipt of any payment on this Note after the occurrence of an event of
<br /> default shall not constitute a waiver of the default or the Bank's rights and remedies upon such default.
<br /> This Note is secured by all existing and future security agreements and mortgages between Bank and Maker,between Bank and any indorser or guarantor
<br /> • of this Note,and between Bank and any other person providing collateral security for Maker's obligations,and payment may be accelerated according to any
<br /> z of them.The Maker grants to Bank a security interest and lien in any demand or savings account Maker may at any time have with Bank. Bank may,at any
<br /> time after an occurrence of an event of default,without notice or demand, set-of-f against any deposit balances or other money now or hereafter owed any
<br /> Maker by Bank any amount unpaid under this Note.
<br /> Unless checked here,this Note is not secured by a first lien mortgage or equivalent security interest on a one-to-four-family dwelling used as the Maker's
<br /> principal place of residence.
<br /> Without affecting the liabiiity of any Maker,indorser,surety,or guarantor, Bank may,without notice,renew or extend the time for payment,accept partial
<br /> payments, release or impair any collateral security for the payment of this Note or agree not to sue any party liable on it.
<br /> All Makers, indorsers,sureties, and guarantors agree to pay all costs of collection, including reasonable attorneys'fees,and waive presentment, protest,
<br /> demand and notice of dishonor.
<br /> Full or partial prepayment of this Note' is permitted at any time without penalty.
<br /> Bank may apply prepayments, if permitted, to such future installments as it elects.
<br /> Maker acknowledges that Bank has not made any representations or warranties with respect to,and that Bank does not assume any responsibility to Maker
<br /> for the collectability or enforceabilit of this . ition.o any Make.t__Edch_Maker has_independently determined the collectability and en-
<br /> _._
<br /> • - is `ate. ---__—____
<br /> This note is secured by R. E. Mortgage of 8-3-84 on property located at Part of the NE
<br /> i * of the NW k, Section 27, T7N, R7E, Town of Cross Plains described as follows: Commencing
<br /> at the NW cprner of said NE"11#efi the NW i of Sect'•x27, the place of beginning; thence
<br /> i South 8 e`ds; thence East 1 s; thenp7 prth- .&:'ss to the center of the main road
<br /> t leading towards Madison; thence West to place of beginning (It is intended to
<br /> describe the same premises recorded in Volume 190 of Deeds, page 211, No. 247242).
<br /> **Rate asw stated above will be reviewed -- .__. )
<br /> August 3, 1985 and annually thereafter
<br /> on August 3rd. ` t�a°d�� (SEAL)
<br /> This is a DEMAND NOTE. Mary K. Page
<br /> (SEAL) •
<br /> 1. Loan Proceeds S
<br /> 2. Cr. Life Ins. Charge (SEAL)
<br /> 3. Cr. A Er S Ins. Charge Steven S. Page
<br /> 4. Interest(Add-on or Disc.)
<br /> -
<br /> 5.
<br /> 6. Face Amount Of Note $ 3752 CTH "P" & Mineral Point Road, Cross Plains
<br /> (ADDRESS) (PHONE) W I
<br /> Prin. $ FOR BANK CLERICAL USE ONLY
<br /> lot. COLLATERAL CODE jph/mg
<br /> (M) New - Secured LOAN OFFICER
<br /> •
<br /> Due at Maturity Tavern Loan
<br /> •Insert applicable prepayment restrictions and penalties; otherwise insert"is permitted at any time without penalty".
<br /> If credit life or accident and sickness insurance is requested,a WBA 450 may be required. A consumer loan in excess,of 525,000 secured by real property or
<br /> dwelling must be accompanied by a WBA(TL)disclosure statement, and a WBA(TL)3 or 3A rescission notice may be required. If this Note is secured by
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