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Home My WebLink About0959 eoo~ ' 2G+ P~cE259 ST, t_~1CIE COUNTY. FIA. f 2. Upon the happesing of any of the following events, the Payee or other holder may; at its. option, forthwith accelerate maturity, gad the unpaid balance hereof shall theceupoa ims,ediately become due gad payable wiihalt dlmaad or aocice, ce wit: (s) failure co pay the amount of any ~ ~- payment regaired to be paid pnnnaac to subdivisions (a) or (b) of the preceding paragraph oo the due dace thereof; (b) default in paymeat or performance of gay obligation of any of the Hader signed co the holder hereof; (c) dissolution of the undersigned, if a corporation; (d) if the nnder• signed a gay iadocser, surety, or gnanncor of this aoce shall become insoheat, make a geaenl assignment for the benefit of creditors, or if gay ptoceedlag of any Harare under the Federal Bankruptcy Act, as acaended, or Hader gay state insolvency staence, be commenced by or against any of them, or i receiver be appointed of, or a writ of order of attachment a garnishment be issued or made against, any of the property assets or income of gay of chem. The holder of chin note shall have a Ilea upon gad the right w withhold or apply ac gay time its own indebtedness or liability co the makers as secnricy for eht psymeat of gay liability due or becoming due co the bolder from the makers hereof. ~• The uadenigaed and all indorses, snrecies gad gnarancors hereof hereby jointly sad severally waive presentment for payment, demand, aocice of aoapaymeat, aocice of protest gad pmcesc of this note, gad all indorsers, sureties, and guanacos heaof consent co gay and all extensions of time, renewals, waivers, or modifications that may be gcaaced by the holder with respect to the psymeac or ocher provLiona of this aoce, sad co the release of the col4teral, of . any part thereof with or without subsdtucioa and agree that additional makers, ladonen, gna~- ancora, a< snrecies may become parties hereto wichonc notice to them or without sffecang their liability hereunder. The uadenigned sad all indorsers, sureties, gad gnaraaton hereof hereby expressly waive all righu to c4im a:emptloa allowed by the laws of the United States or gay of the several states. The acceptance of gay paya~eac hereunder by the bolder hereof after the dme said payment becomes dne as heceiaabove provided shall got be held to establish a custom or waive goy rights of the bolder hereof to enforct prompt payment of gay fnrcher payment or co seek any ocher reeonrae is may have. Phis aoce may Hoc, without prior written consent of the holder hectof, be prepaid is whole or is pare prior co April 1, 1962, nor prior co April 1, 1972, by the application directly or indirectly of borrowed fnads barieg act iaterwt race or interest cost co the makers (coropuced:n accordance with accepted fiasaciag practice) of less than S 3/8 pet teat; ocherwiae,~chcs noce~roay be prepaid, at the election of the makers, in whole by paymeac of dce unpaid balance of the principal hereof together with accrued interest thereon plus the applicable premium shown oa the following schedule: