Exhibit 4.9(c)
PROMISSORY NOTE AND FEDERAL
TRUTH-IN-LENDING DISCLOSURE STATEMENT
Borrower: SS#:
Northern Trust Company Loan Effective Date:
Thrift-Incentive Plan
50 South LaSalle Street
Chicago, Illinois 60675
As you read this Disclosure Statement, remember that the words "you" and "your"
refer to the Borrower, and that the words "we" or "us" refer to the Creditor.
================================================================================
FEDERAL TRUTH-IN-LENDING DISCLOSURES
------------------ ------------------ ------------------ ------------------
ANNUAL FINANCE AMOUNT TOTAL OF
PERCENTAGE RATE CHARGE FINANCED PAYMENTS
The cost of The dollar amount The amount of The amount you
your credit as the credit will credit provided will have paid
a yearly rate cost you to you on your after you have
behalf made all payments
as schedule
------------------ ------------------ ------------------ -------------------
Your Payment Schedule will be:
------------------ ------------------ ------------------ -------------------
Number Amount Payments Payments
of Payments of Payments are Due Begin
------------------ ------------------ ------------------ -------------------
Bi-monthly
Prepayment: If you pay your loan off early, you will not have to pay a penalty.
Security Interest: You are giving a security interest in your account in the
trust.
SEE BELOW FOR ADDITIONAL INFORMATION ABOUT NON-PAYMENT AND DEFAULT
================================================================================
PROMISSORY NOTE
For value received, you (the "Maker") promise to pay to the order of The
Northern Trust Company the following:
Principle Sum:
Loan Rate:
Consecutive Installments
(Principle and Interest):
Installment Amount:
Frequency: The 15th and last day of each month
Beginning:
We will withhold the amount of each payment from the Maker's pay each payday
until the loan is paid in full. The Maker has the right to pay this loan off in
its entirety at any time without penalty. If the Maker fails to make a payment
when due, for any reason ceases to be in the employ of an employer participating
in The Thrift-Incentive Plan or at the death of the Maker the entire balance
together with ALL accrued interest shall, at our option, become immediately due
and payable without notice to the Maker. If the Maker's employment so
terminates, WE shall have the right to apply ALL or any part of the balance of
the Maker's account in The Northern Trust Company Thrift-Incentive Plan to the
balance the Maker owes us under this note.
No delay or omission on the part of the holder in exercising any right hereunder
shall operate as a waiver of such right or of any other right hereunder or of
any other right in this note. A waiver on any occasion shall not be construed as
a bar to or waiver of any such right and/or remedy on any future occasion.
Whenever an event of default exists, the Maker will pay on demand all costs of
collection, legal expenses, and attorney's fees incurred or paid by the holder
in collecting or enforcing this note.
Questions concerning the agreement will be decided according to the laws of the
State of Illinois. Communications in repsect of this note may be sent to your
last address on record.
By signing below as Borrower, you agree to be bound by the terms and conditions
of this Note and Federal Truth-In-Lending Disclosure Statement and acknowledge
receiving a copy prior to execution.
Borrower Date
---------------------------------------- -------------------------
- --------------------------------------------------------------------------------
THE ENTIRE AMOUNT FINANCED IS DIRECTLY PAID TO THE MAKER IN THE FORM OF A CHECK
- --------------------------------------------------------------------------------