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~ tLa undenf~ned )olnllf and rc~erall~ pramlw to p~~ Ie tN ~rder d F7R5'C 1VATIOIVAL DANI IN PALM lEACH. d Ib Mo1Je~ boirte 1~ r~ls ~e~tb, Florldo.
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! - S "'~;'i~C FLYE_TH41J5A~'p_.ANA.~I4~1.44_* * ~ ~ * * * * ~ * * * ~ ~ ~ ~ * c~u.,,, ~35.a~.~ - ~
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~ A~ eolt~ttt~l ~ecuriry for the p~Tmrnt of ~11 ~um~ pa)able henundcr nx! at ~n~ ~nd •11 ll~Mlitle~ ~nd obll~~tfonf ot tbe ~nderdRned. or ~n~ other p+tt1 lUbl~
for the p~~mrn1 hctcof, w tht Bank whether ~b~ofute or coaHnRcnt, now taisHe~ Q herea[tec ari~ia*, due u~ !o baase Que~ ~ecu*ed at t~afeeMnd. t1N rdlo~loi ' '
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1 properir b~~ been dcpotited wft~ ind b heretry plcd`ed ~o the ~~nt, Hx~ , , .
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ot ~ mnrkct vnluc cuimatcYl br the undcrrlRned ~t ~~nd tP+e A~nk It ~l~o 1~hrn ~ Ifen upon the title er Intereft of Ihe underslRnrd ~nd ~'~j T,
anr nthcr party linble far the peymcnt ficrro(, In ¦1~ propert~ •nd murltle! now in, or rt •nr ttmc 'h~re~tter comin Into the cu~tod~ or posueelon of the b~nt, ,
v~hc~hrr tnr the c~pres~ pur~+c~ie of IxinK ~~scd b~ thc I1ank rnllatenl nr for ~n~ othn pu~po~e •nd upon ~nr ba~ince or bdsncef ro the creelit ol ~nr •ecounH
maln~alncd with the Isank hy ~he undcr~iancd or sn~ o~hcr p~rt~ li~hle for the p~~mcnt hcre~! ~r~d the unders~Rned ond ~n~ othcr p~rtr 11¦blo (or Ihe p~~ment ;5
hcrcof, agrce to dclivct to the Donk edditionsl collatenl or meke tuch pa>menb in reductinn of the ~{ndp~l ~mounf of the Iwn •f ~hel) be teNsf~ctoe7 to the O~nk~ _.j
fn the evrnt the •foremcntloned co!latcral shall drelinr fn ?slue or became unsstis(~ttorr to the B~nk; further, the undenltncd •hd tn other perty li~hle tor the ~
pnyment hercot, promise th,~t •f to ¦n~ corper~te ftock st ~n~ time pI~dRed hercunder, th~t theY w~ill delirer tv ~~W B~nk, or the holder ~ereof, nithln trn d~r~~fter
dece of ma~tinR br the re`i~tr~r or tr~n~Eer ~~ent of record, •Il certific~te~ of ~txk ot othec eridrncef rccel~ed n repl~cement ot receired ~t ttoek dirldendi upon .'_,j~`
anr ~uch corpontc ~tock. 1,
The Tiank mar centinue to hold •n7 callster~l de~+ostlcrJ+ herrunder •tter the petment erf thi~ notq if et ehe Hn+e of the p~~meM •nd diuh~rRe hereof lhe under•
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~iQncct or nny ~sthcr party linble tor Ihe pa~mcnt herr,of eh~l) be thcn directl~ er conNnRcnH~ Ilable to the B~nk ~f m~keT, tndmfer, furet ot 1[u~rentor o[ ~ny olhe[
noic, drnf~, hili nf exchanae, or oehcr instrum~nt, or othur?ix, snd the Bmk m~y therc~fta exndw ~il rlehh wlth terpect to wld l~tent ~nnted herein e~en , ,i
l}IOU{jT1 lhlt hDIC ~h~ll h~vc bccn ~urrcndercd to the maker. ~
All pnrtic~ linhic for th~ paymcnt hcrcoE (1) a~trce to ps~ ~II rxpensef of the enforcemcnt hcrcof, includlnR rafon~ble ~tfornef~' ftef nhcther the Bmk or vther
holdcr Is ohlirtntec! thcrcfor or not, (2) MN1~'f presentment (or paymcnt, dem~nd, notice of non-pa~menf, nMlce o( proteat ~nd prot~ft ot t~1f note, (3) cnnsent to en) '•,j~.~
nnd nll catcn~inni M Hme, ~Cncw~(s, weivcn, er modifrcations tFat may be Rnntcd b1 the bank with rtsp~ct lo the p~rment or olher ptmblon! of thl~ nnte end to .,.T
thc rcle,,ec of thr collatcral or eny pert Ihcrcof, w~lh or without suhftitudon, ~nd •Rree th~t ~ddiNon¦1 m~ktel, enderter~, ~u~nntor~ or Iuretle~ m~~ becoma
p~rUn hcrcto without notice to them or effectinr thcir li~bilit~ hete~mder.
U~+on thc hnp~^xntnR nE ~nr of Iht (o1lowlnR e~cnN, sn7thinR hcrcfn te the cnntr~ry notwlthetandinR, the B~nt or ethrr l+ol~ler, m~~, ~t Ib optlon, (orthwiN ;,.i!I
necclernle mn~urity end the unpald balence herrt~( eh~li thercupon immcdiatclr heceme due ~nd pe>Rhle witho~H dem~nd or notlce, •ic~ (1) hilure to par •nr
lttlffft! on the due dnlc thereof; (Z) dcfeult in p~yment or perfntm~nce of ~n~ ohlilutinn to the hnldcr of •n~ o{ the p+~rtir~ llehle fnr the p¦rmcnl hcrcof; (3) .
drnth or di+aolu~ivn ot ¦n~ o( thc pnrtic~ li~blc (or lhe payment hcrcof; (I) if ~nr ot the p~rtict liahle ftx the pA~mcnt hacot sh~ll Irccomc insolvent, mekc ~~cncnf '
offi(tnmenl (or the bcnefit o( creditor~, or it ~nr bankruptcr. lnsnlrenc~ or reorqanl:ation procredins of ~ny nature under (ecie~al or st~te slah~les be commenced b~ ~.~i~"
o~ a~;n~net rny o( thcm, or ~ rrccivcr he ~ppointed ot, or ¦..rit or order ot attachm~nt or Rnrnishmen! Ae 1.~ueA er m~de ~R~lmt ~n~ o( the propert~, nset~ or fncome
o( nnr o( them; (5) iF •t nnr time the collater~l depo~ittd u ~ecurity tor the I~n evldrnerd hsrehy shsll decline In •~lue or beeome um~ti~f~rtor~ lo the holder, ~ t
•nd thc pnrtin IiaAlc foc thc pA..mcnt hcrroF sh~ll net immcdi~tel~ upon dcmend, makc paymrnt in rcductirm ot the pr:ncipel er (urnl~h ~dditlan~) telletcr~l fa ~H
curiiT to ~hc holdcri (6) feilure on the part of the p~rtiet liahle (or the payment hrreof to do ell thinRr nece+r~rT ta presrrre ~nd m~IntAin the velue ~nd tollectibiUt~
ot the colinteral, includin&, but not limitcd to, the pa7ment o[ taxn ~nd premlum~ on policie~ ot Insus~nee on lhe due dale wtthout beneflt oF the Rnce peried. ~.'j'.'
Upnn fnilure ~o par thi~ notr ~hrn due or decl~rcd due {n ~cco~d~nce with the prevision~ ot the pretedinR pRnRnph infere~t ~h~ll there~fter ~tctue ~t tfie r~te
of .ia per ccnt (h~, )~r nnnum untii peid ~nd full pnwer end ~uthorit7~ are herrb~ Ri~en to the Renk fo ~ppi~ tny bal~nee ehen st~ndln~ to the credit of ~nY
rrcoun~~ maintaincd wtth ehc nA„k nr ~nr of 1hc p~rticf li~ble fo~ t?+e Pi1'mrnt hcreot, ~nd to tell ~ssiqn, Mns cr, end dclircr the w~hole e the coll~ter~l tccuclt7r .r•
or nny p~rt tLrrcaf, or ~nr ~ubsUtntc thcrrfar or sddition thcrcto, or ~n~ olhcr proprrtr or fcruriljcf of sn~ ot the pirHc~ N~ble (oi ihc pa7mcnt hcrco( thtn In tha . r.
po+scssion ~t the Il~nk, •t pnhllc or pri~ate ssle ~t tuch p~1ce a prlcet, rnd upon tuch tennf ~nd condiHont u th! B~nk in it? !ok ~nd ~bsolute discredon mq dr ;1~
termine, tuch enle tn ths c~se of ~ccuritic~ reRjst~recf on n~tiond tecuride~ exchAn~es to be conducted without demind, ~drertisemcnt er notlee of ~n klnd, eil o! ~•.j~_
which ~rc herrhy expres~ly w~i~ed; ~nd inch ule in the c~~c ef tecuriNcf not reR~stercd on n~Hon~) ~ceuriHcs exch~nRef ~nd IneludinR N) othcr trpcf o~ tollNCnl fc• 1,
curity ro be cnnductcd onir eltcr tcn ( lo) d~rf notice oi tuch ~ale shall h~re becn Rivrn to lhe undersiRnrd oT hlf ItR~I reprcsenuthe by penon~) delivet}~ or b~
resi+tcrcd me11, n~Sdre~ecd la thc undcrsianed •t the ¦ddrete iven ~t the time oE maklnR thb note and tndatsed ~1 the fod hereof, wch period of notlce ~h~ll bcRfn ~
to ron (rom the delc of such persnn~i notire, or from the d~te ~ posNnR, !f ~uch nM1ce Is qiven hy reRistered m~ilt •nd ~(Mr ~uch f~le the B~nk cn~r ~pplr the pro-
rccd~ rcmnininR n(~cr dcd~~ctinR ell coste of sale, in p~ymcnt or reducNon of thc ~mnunt due hereon, end eaeh of the pvNef li~ble (or the D~Ymrnt hereot ~hell rcmairt t'~
tlable for nnr dcficicnc~. The portics liehls [oc the p~7ment her~of ~~ee to D¦T ¦nr deRdene~ remeinlnx ~fter ~uch appllc~Non, ~nd sn~ txceu proceed~ o[ ~n~ tuch
?o'•e ~hel! lze pni~l o~cr b~ the Dank 1o the person ot pcrson~ who deposlted with the B~nk the collatenl realized upon. At ~n~ tuch ~~lr, the Denk rtu~ purchne ~n~ ~ 1-a
or ~il o( the coil¦terel fo toid, trcc from ~nr r1Rht of rcdcmption in ~nr of the P~*~~e~ lioble fot the parment hrrcof, which s1~ht of rrdemptlon 1~ hcrebr e~pre~tlr ''.1;.
w~ired, ~nd msy ~pp~r the ~moun! due rereon on ~ceount of oc In fuli t~tisf~cUon ot the purch~~e priee. i• t•~
Thc IIank it nuthorixrd b~ •11 p~rN~et Ilable Eor thc pirmcnt hereof, rrithout notlce te ~n~ of thcm to d~te thh note ~s uf fhe d~r whcn the flrt! dl~burtemtnt oI '',l:t
: tho loan evidcnced hercby 1? m~de and to fill In ~nr Dlenk tp~ca herein to contorm W the tetm~ upon whleh the lo~n e~?deneed hereb7 1f m~de. ~
1"he Ponk or othcr holdcr mny ~t ~nr time in its fole dlsrteNon compromise, ~eftle or ~xtend the tlmo of parment of ~nl of the demandt or obHR~tionf represcnted •;_l;
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by any of the accurfeic~ p1eclard 'ncreundcr •nd rll of the puHe~ li~ble for the a~rment herrof herebr m~kt conetitute and ~ppoint lhe Brnk or othrr holdcr, hlr oe
• thcir tnic and lrN•(ul attomcy for thet purpme wfth Full power rnd inthorit7 to compromise, teltle or extend p~rmrnt of sdd demsndror ob11R~Honf ~nd fo ~c~u1re,
iati~ty or discharce the seme af record or otherwise ~s the p~rde~ H~ble for the p¦yment hrrcrof mfRht or cov)d do if pettonstl~ prexnt. Howe~et nefth¢r the R~nk no~
othcr holdcn c~rmf shall Ac undcr nnr liability or obHgxUon to takt sn) ~tcFs wh~tsoerer to Fx ~n~ H~bilit~ upon or to collect or to enface n~~rnent of anf obU~~tlon . ~
pledRCil ~ccurity h~rsundcr whether b~ ~i~in~ ~a~ notlce, preuntlns, dem~redlnR p~~enent, protestln~, ta~ttltutlns tult or otherwlfe. 4
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7he Dnnk or othcr holdrr sh~ll na b•nr ~ct of oml~ibn or commi»fon be drrmed w w~{~e ~n~ of IN rixhb or remcdin hrreander vnkr~ ~ueh wsha be In ~ 1,`~
w~ricinR end ~iancd hy thc Dank or othcr ~older ~nd then onl~ to the e:brnt rpeeificdl~ ~et forth thneini ~~+~irer on one erent ~h~ll not be conittued u tontlnutn~ ~',j'
or u a bar to or .v~lrer of wch ri~ht ae maedr oe ~ ~ubtequtnt e~ren4 i
'I'hc IInnk mar tran~tcr thf~ note ~nd rn~y deUser the i~ld coll~tsnl or the rem~inda thereot a~n~ ~ddlHon~ thereM a~ ~ub~dtaHone thnctor to tU~ fr~mlrree, %~~.f'~'
w~ho thall thcrc~pon bccome ~e~tcd w1~h ~ll tLe panm ~nd t1~hq ~bo+e il~en to the B~nk In rtspat thereto ~nd tbe B~nk ~h~U thae~fta !?e Eortht dllsted ~ad tu11~
d?xhar¢rd From ~n7r li~bilit~ ar n~pon~ibillty with rnpect to eue6 eoll~tarl aad ~h~ll 6e~s na furt6er el~irb or rl~6t thereW~ ~
I3e Uablllt~ a[ e~cL vt tLc under~ianed e6~11 bf ~Mduts aud eecvoditbaat od witAoal t~ard b!~~ U~bilftf oE ~n~ o16er p~rtr hereta
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