HomeMy WebLinkAbout0889 ~zc ~oo w[owDtw RwoM
co~u~w?~ No~
s~,~•~ Muwi, ~a? ~~e 27. .19 i~_ !0 000 M
~!'s~w i~
i~i~q ~~~a~~~ a~i w tM lStti:
ed (and if more than one~
each d them jolndr and sevaalip). hereinafter caNed Msker.p~om ises to ps~? ~o the order of
COUNTY NATIONAL BANK -
NORTH MIAMI BEACH, FLORIDA
ot its offic~ at NORTH MIAMI BEACH LORIDA . h~~naRertalled Bank, ~E
sA. E~••s••••••~••~s•~ lars
• lit~4 a a
with t ~ . tM WI~~ of tAls ~wb WIcN
~ ~ ~ ~ ~ r ~ ~ ~
has plN~~d or d~p0~ibd rrith 8ink Nllowie~ O~oP
SM~~ ZTs A 4Zi1t ~i!'!f~ ~ LMq~ !
ll~sM~ ~t. LMStis C~tl~ 1i~~ ~ra+~ rstLal~eii,1 ~a~Mt !s M'~L~ ~rlrt/~p.
' (includi~ ~p qsh, stoek and otMr div~dends ~nd sll rf~hb to suOstrlb~ for Ncuritl~s Incid~nt to, d~tland. or ~?anted in conr~ectfon with such proptrty). whitA
Prop~ety. to~~tMr wRh ~II additions and wbstitutbns MnaRK plWpd or dsOOSitW wrlth Bank fs cs11~d tM Collst~+s1. TM Collstenl is also p1~W as s~-
cu.ity for ap otlNr NsWliti~s (primsry. s~cadary. di?~ct contiot~t. sot~. lolet or s~w?sp. dw or to Mcon» dw or rrhlch msy be hans(b? contracted or
~ca~~i. of ucA Msker (inclufiin~ ~sch Yat~r snd sny an~. wrson~ eo sa~k rn. w?..nd.. ot ~s na.. ~von wm?«~c w an..wts.. snan not sH~ct tM
risht of 8ank to ~ain tM Collatersl tor such dhK IiaOilid~s. . -
/Wdltions tw nductions or ~xcAsn~es d. or wbstitutlons tor tM CW1st~n1. p~ym~nb on aecouet of tMs losn o? ineress~s of tM qm~, or otMr loa~s
madt partlaMy w wAWly upw~ tM Co11~t~rs1. msy irom tirrN to dm~ b~ msd~ witAout sfheti~ tM provisions of this eata Bank shstl wreis~ r~ssonabh
can in ~h~ custody and p?ts~ristioo of tM Cdbteral to tM ut~nt r~puirW py sppt(c~tion ststut~. snd shsll De dewnad to have e:trcis~d rcssonabN carr if
k tak~s sucA sctbn tor that pu~pos~ ~s Msbr shsti nssonsWy r~qu~st ie writin~. Dut no omission to do sny sct not nqwst~d bp Maker shall b~ d~smad a
( fsilurs W~a~ls~ rsssonsW~ an, and no omission to ew~ph/ xith any ~qwst of Malt~r shsll of itsstf W dNm~d a fsilur~ to ~tcrcise nssonsbN ure. Bank
shall not E~ bound to taka sny stps nK~ssary to pr~sKVr snr riSMs in tM CWlatersl spinst priw psRies and lilst~~ shsll tsk~ all nee~ssary steps for such
I purpoa~s_ Bsnk o~ its ~wnin~t neW rwt eolbc! intt?~st on or prinr.ipsl of any Collstlnl w ~iw sny notice with nspect to it~
If tM Coil~brsl shall at amr tlen~ Meom~ unsstlstsetory M Baek Wk~r shali within on~ dsy stbr demsnd p~adss snd deposk with Bsnk ss psR of
ths CoNatMl sdditanal propeRp which is sstisfactor~ to Bsnk.
If Bsek dMms its~lf ins~cun. or upa~ tM hspp~nin~ 01 arqr af tM followir~ ~wMs. ~sch ot which shall constitub • MfsuK Mnunda. dl IIaWlltis
oi pch WI~kN to Bsnk sAail tM.~upoe or tMresf~~r. ~t tM option of Bank ~«w~# ~~u or d~mand. b~com~ dw l~d WYaWe: (al fsilun of any OWt~or
(which t~+m shsll rrNSn snd includ~ ~ach Msk~r. ~ndors~~. sur~ty and ~uars~Ko~ of tAls not~) to perform sny asretmsnt h~reunMr. to psy Intenst Mnon
witAin ten~sys sfbr it is b~11W or otAerrrls~ rpwst~d or d~msn0~0. or to par sny otMr IlsWlity whatsotver to Bsnk wfian dw: (b) tIN desth oi any OWlsw:
Cq tM flli~ of snr petition under tM Bankruptcy Aet, a snr simiisr f~ral M stiN st~tutR by or stalnst srqr ODti~or, any spplicition for th~ appoiM-
ment of s r~cNv~r fw, tht mskin~ of s~nenl assiSnm~eK tor tIN E~n~flt of a~ton by, or th~ insolv~ncy of sny Obtisor, the eMry ot a judsmeM spinst
aAy Odlitor tn tM issuin~ of sny sttschm~nt or pmishmu~t, w tM NUr~ of ~rqr UM. asalnst snY Property or any OWisor: th~ tsklns of poss~ssitn Of
•ny subat~ntisl part ot th~ Prop~rty of sny OWijor ~t tM instant~ of any sov~mmN~tal authorlty: th~ dissoluUon. reNr~er. eonsoldation, or r~or~snization
of ~ny OWisor, ti) th~ sui~nmtM by sny WkN of anY puity In anp W tM Coilst~ral ~rithout th~ written constrt ot 8snk
Baek sAsll haw. Dut shall not A~ limitad to. tIN fMlowint ~i~1?ts. ~ach of wht'.h may b~ u~rcis~d ~t any tim~ whett?~r or not M(s not~ Is dw: (q to
plNS~ o~ transfer tAis not~ and tA~ Collsteral an0 Bank shsll tMrwpon b~ qtiMd of sIl duti~s and r~sponsibilities Aenundtr snd rNirved irom any snd ~11
IIsblNty wilh rtspect to sny Collstenl so plW~~d pr trsnst~rr~d, snd sny pIW~N w trsnsferee sAall fw stl purpos~t stsnd in tM plas~ o( Bank Mrwnd~r
and hsvr su tht ri`hts of Bank hereunder, (ti) to tnnshr tM whol~ or sny part of the Co~bterst into tAe nam! oi itsNf or its nominN; G~~) to voh tM Col-
lat~r~l; Crv) to notify the obl~gon on anr Co1lst~rsl to mslc~ psrmeM to Bank ot sny amou~ts due or to Decomt dw thtreon: (v) to d~msnd, sw tw, coll~et.
or msM~ sny compromis~ o~ uttlemerN it d~ems dasirabN v~ith nhnnce to tA~ CWlsteral: and (vi) to tske coM.ol of anr D~Nds ot CollatarsL
Bsnk is Aereby siwn a lien upon snd s s~turtty intenst ~1 property o( exh OW~sor now o~ st any tim~ h~reatter in the possession o( Bsn4 ln anr
caarcity whatwever. includins but not IimitW to sny balancf or shsr~ of sny deposit. trust. w asency xcount as seturity fo~ tM Wyrtr.~t ot tAis nd~. snd
s similsr lien upon snd security inter~st in ~II tuth prOptrty of ~xh IYhker ss sw:uRtr tOr th! D»ment of aIl otAer I+abilitlts of exh Mlaker to 8snk (intlud--
inQ Ifabil~ti~s of sxA Mak~r and sny otlN~ pNSOn): snd 8ank sA~ll hsvt tAt same rilbts ss to such p~optRr ss it Aas witA respett to tM Co11atML
I( Bank de~nn itsllf insetur~ or upon th~ ocewr~[~ d sny dsfault Asreundtr Baqk shall have the remed~es of a secured psrtr undet the Ueitarm Corn-
m~•S~a1~C~ode snd.~witfi~Wl liw~itinsth~ t«Nrstit7/ d tM fo?f~plffs. Bink sHSN fiM the-ritM. ~mmed~atelr siM without fyRt~.~jot~ by it. to set oN stsinst
this nob sll rnonqr owed by Bsnk in any cspscity to ~sth o? any ODktor, whetAer or not due, and a~w to set oN a~sinst slt other Gabililies oi each Maker to
Bsnk sll money owred by Bank in sny upseity to ~sch OI anr Msker. snd Bsnk shall De deemed to hsve e:ercisad wcA right ot setoH and f0 have msd~ a
ch~rt~ s<s~nst sny wth moner imm~dishlr tM occurmrc~ of such lsfau:t even thoush such char~e is msd~ W a?ternd on th~ books of Ba~k wbst
pwnt tMreto. Unl~ss the Collst~nl is puishsbN ar thnst~s to dccGne speW~tr in vslue o~ is of a tpp~ tustomsrity aoi0 O~ i re:o~ni:ed m~rket, Bank wilt
siw M~Ic~r rtasonabM ~ntic~ of tM tirr» snd ptsc~ of /nr p:~Drie or privat~ sslt thereof. the rpuirerh~nt of ~qsOnaDl~ notic~ shsN b~ met_It such nottu is
maflW. posts~~ D«Wid. to sny Wker ~t tIN add(rss pvrn Mlo~r w st snr otAer sddrus shown on tM etcoMs o1 th! Bank at ~east rive dsys Defora tM _
tim~ of tM ssl~. Upon dispositio~ of any Cotlsterst sRtr the octurrarct oi sny QNau~ Aereueder, Maker shsll b~ ~nd nmsin Gabl~ for a~y aer~e~cr snd
Brnk sAa11 sccount to Makar for anr surptus, but BsnR sAaO Aaw tiN ri~At to sppy s w sny part ot sucA surplus (w to ho~d ti~e sam~ as s nserve ssainsq
sny snd a~ dh~r liabilities of exh or arry Msb~ to Banl~
No ddsy o? omisfion on tM psrt d B~nk in wroisl~ ~y f~jM ~Mf!{MIQ~f flli~I Oa/i~~ iS a M~sf~Mf OI fYCI1 fI~I1C M O~ ~Ilr O~M~ fjaM YIWlf UIIS 110~~.
Ireaantm~nt, demsnd. Drotest. notic~ of dishono~. ar?d ~ehnsioe W tim~ writhout notk~ sn MnAp wsivrd bp ~ach sed w~ry ObU~or. Th~ ODti~ors, joi~Nly and
s~r~raly, proeteis~ and a~re~ to Psy stl eosts of tWbttloe ~ed reasoespM sttan~ys' fNS ineurnd o~ psid by Bank in ~niorein~ tt~s note upon tM occurnnt~
ot snr ON~ult. Mr notitt to Msb? shsH b~ sufticieMty s~rv~d for sN purpos~s N p1~tW in tM mt~l, ppstap or~p~W, sddr~ss~d t0. 0? 1~lt upon tM Memis~s
~t. tM adOrps shorn bNwr or aryr :,tAer sdQr~ss sAorn on BanKs neords.
~ ~
~ ~SEJIV
Tax st~ps affixed to original note 6 csncelled. ~OOK~~~AG~