HomeMy WebLinkAbout0894 PROYIDED, AL'AAYSr tbu it tM 1Nert~or ~ut1 p~y ue~• tb~ M•rt~~ t~ Ld~betdMr rid~artd b~ • ana~a ytrwl?
Nry pOlt..___ O~ MbItA 1I~t ~OUOMIAS ~ KOt~ ~Yd ~~4fq y~ UY! tOpr~ tawit:
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s f6.0~0.M wuw~. FeroR+a? ~i~e .19 :~.t~ N
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(and N more tban one,
each d them jotntip snd sevetalt!??. he~einafta~ ulled Maker,prom ises to p~r ~o the ordK of
COUN7Y NATIONAL BANK -
. NORTH MIAMI BEA~H, FLORIDA
ot its offlc~ at NORTH MIAMI BEACH LORIDA . hlni~lifte~ Calkd Bank, ~
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with ~ . ~ *Of t11f WY~?Ml~ O~ !Nt f10R/ irlakN
a! A i~~ ly~ f1~~~ rwi~ ~=/u~ '
nas pl~~d Or d~positsd rith Baek ~MldMilet WOa~~
f ~ ~ ~ ~ ~ ~ a 1~7 w ~ ~ ~ ~ ~ ~
~ ~ ~ais ~f ~ ~ ~ ~
(includin~ ~p qsb, stoek snd otMr diWdeeWs ~nd ~tl ~Ats to subserlW tor peuiiti~s IMidMt t0. O~eisnd, w sneted in eonnattlon with such propsety), ahieh
aroDwty. ta~~tMr wltA d1 Wditioes snd wOstitutions Mr~aR~. p1W~~d o~ dposftW .rlth 8u~k Is u11W tM CalstaaL TM Collstersl is slso pl~~d as a?
curtty fw s~ otMr RaWliti~s (P~~~II. s~tondsry. ~ntt contin~Mw. sob. idnt w s~vua0. dw w to bKOrr~e dw w whleh r»sy D~ hN~ih*r tontracted or
•cou~r~d, ot ssch Mabr Qncludn~ ~sch YakM s~W aer otMr p~naq to Bsnk TM wrrendtr ot this wotR upon paymM~t or othNwis~. shsll not sH~ct th~
ri~M of Bsn4 to ?~hin tM Collat~rsl iw such othK Usbtliq~s.
AAditlo~a tb. eWuctions or ~ceAan~~s W. w srbstituNons for tM Colhttnl. OaYm~rtts on aooount of tAis losn or incressn of tM sam~. o~ otMr IosM
mad~ wrtlsUY o? wAo11Y upa~ tM Collsttrsl. m~y irom.timt to tien~ b~ ensd~ vrithout slHetir~ tM provisioos of 1l~is not~ Bank shill wrcis~ nssonabN
can in tM tustod~r and praa~rvation of tM Collattral to tM pdu~t ~qdred by applicstion sbtuH. and sASt7 b~ ds~mW to Aaw extrcis~d ~easoniEt~ cs» ff
lt tatas sueh setlon fo~ tAst purpos~ as Malu~-sAaU nssonaW~/ rpwst ie writi~?S, but no wNssiw~ to do any act not npwstW b~r Maksr sha11 Af dNmW a
lsilur~ W axMCls~ rqspnipl~ pn. snd no pnission ~p cpnply rn;th sny rpwst of Msk~r shatl of its~H 0~ de~m~d s fs(tun to ~e~rc~s~ ressonsbl~ ca~. 8ank
sAall nat a bound to tsif sny st~ps n~tqssry tp pies~ry~ anr ~ishts in iM CWlst~rsl s~alast prior paRi~s and IriskN shsil tab all neussary stqK fw suth
purpoa~s. 6~nk oc its nominN n~~d not coiNet intarst on or principsl W sny Collstsnl or ~iv~ sny notic~ with r~spect to it
If tM CoU~tsrsl shall at srqr tim~ b~com~ uns~tlsfactory to Bsnl~ Wlc~r shsll rrithln aN aar sRa ds:nsnd pf~e and d~pos(t witA 8snk as psrt of
M• Co11at~1 additions! pop~Ay which Is satisfactory to Bank.
If Bank dNms its~M ios~curr. pr uppn tM hspp~Mnt W ~ny of tM toliwrint evNKs, ~seh o1 wAFcA shaU constitub • d~isult M~tundb. sH IIaWNtiq
o! qch M~lyr tp Bank sA~ll tMnupon M thM~f~~r. at tM option W 8an1~ withovt nottu or d~manQ. Wcorn~ Ow /~d payablr. (a) failun o1 any ObU~
(which t~r+n shail nwsn sed krclud~ escA Yab?, MdasN, suretr aed ~uanntor of this not~) to pertorm sny ape~m~nt Mrtund~r, to pay Int~rqt Mnon
with~n t~n dsys sR~r n ~s wuw or aae~a. ..vu.sc.e « aan+.~w.a, or to psr any other 1labitity wAStsoever to Bsnk rrhen dw; (b) tM death oi any OWitor.
(e) tM Ali~ of anr pKitipn ueM~r tM 8ar~kruptq Aet, or sny slmllsr fW~ril or_stst~ st~tut~, A~r or uNnst sny Oblitor, (eQ a~y ~ppli~Uon foa tM ipp01M-
m~nt of s r~eMwr fw. tA~ makint of i pneral ssst~m~nt fw tlq b~n ~flt pf «~'itpts py, pr th~ ins0lwnty Of s~y ODli~or; the tntry of a judtment assind
any Obli~or; (q tM issuin~ ot sny sttsehnairt pt tsnysAm~nt, pr th~ RYert of anr lisn. ~nst ser prop.rty o~ sny OWlsor, t~1 tA• tal~in ~
s Poss~sston ot
~ny subst~ntisl p~R of th~ Prop~~tp of sny OWi~or ~t tM insqne~ o/ ~nY ~rnmMtal ~uthorfty; (h) tM dissolution. rtwrt~r. Consol'dsUon, or nonsnisstip~
of •ny OWi~or; G) th~ ~ui~nm~nt py any Mstar ot amr puftp tn any ot tM Coltstusl vritAout tM wrltt~n cons~rtt M 8ank.
Bsnk ahsU haw, but shsfi not A~ timit~d t0. tA~ follari~ ri~ts, ~aeh of ~rhkA rrear 0~ wrcis~d ~t sny tim~ whetA~r or not lhis notr Is dw: (h to
pl~~s~ or transfe~ this nob snd tM Cotiat~~al and Bsnk slull tMrwpon b~ n1iMd Of sll duties and rtspa~si0ilitiy Mnunder and rNiwed irom ~ny ~nd sli
Ii~blt{ty wilh r~ipact to sny Cotlst~ral so p1W~W p~ trsnsi~rtid. and anY pNdM w tr~ns(errt sAaN fw all pc:rpoats st~nd in th~ plscs of $ink Mreunder
snd haw all the risAts of Ban4 hereunder; (i7 to tnnshr tM who!~ or any paR of tM Collsterst :~~to the nsme ot itseH or its nominu; Cii) to vot~ tA~ Co1-
iate•+.r, (iv) to ~ot~y the o0l~gors on sny Coltstersl to msb psyment to Bsnk ot sny amounts due or to become dw tAereon; (v) to demsnd, sut for, cpllset,
or r~a1a sny comp~orr+is~ or settl~meM it dNms dptrsWt with r~fKente to th~ Coltatersl: and (vi) to tsb control of anr D~oCNds of CollatersL .
Bsnk ~s hucby s~v~n s li~n upon and a s~curtty intenst In all propeRy o1 exh OW~`or now o~ st sny tima hNqfte? in tM =wss~ssion of Bank in sny
caoai~ty whatWever. ixludin~ but not limit~d to anr Gfsnct or shsn d any deposit. lrust, o. asency xcourtt, as security tor tM parmsnt o! this nott. snd
a s~mllar li~n upon and security intenst in all wch p~rtr of ~xh AAsker as s~curitY for the psyment of a:' ~her H~pifitles pf ~ath Maker to 8ank ~nclud-
inQ ~fa6il:tNs of.each Maker and any ottkr pMSpn); a~i0 gsnk sh~t1 hsw th~ same ~sMs ss to such property as it hss r.ith respect to tM Collatersl.
if BAnk de~+s it f ~nieCUh o~ upp~ t!N p~twrN~ 0/ ~ny d~fsuR I+tr~unAe~ Biqk ~+stl havt t'~e remedits ot s secvrtd party under tAe Urtifon?t Cpn-
m~.~;al C_o~_and.~ N`w~itina th~ ~Ny~slitY O~ lM Io~i/~,B'nk shaM fiM lAe~risM. immed~stelr s~d ~ritAait tyRh~s,~yon by i~ to set oN asslnst
this ~ot~ s~l. mon~y ow~0 by 8ant in any capscitp to ~stA or aor Obllsor, whttner or not due. an~ atw to set oH apinst sll olher Iiabilitias of ~xh ll~Isklr to
8ank all money owd br Bsnk in any ppseity to ~sth of sm Flsker, srM Bank shall De dsemcd to hsve esercistd wch ~i~At of set-off and to Aava msd~ a
cn~.`~ s~s~nst sny wch money imm~distNY upon t1» oceurr~nc~ of such ddault even tl?ough such chsrg~ ia mad~ w ~nterW on the boolcs o( Bs~k w~u-
p~~nt thertto. UnIKS tht Collabr~l is p~HSha~is or thntbns to dectins speW~?y .n vslue or ;s of s t~ custoenarilp sold on s reto~nized market, Bsnk vritl
Qiw Maicer r~asonabl~ ndic~ of tM timi snd pNC~ of ~ny puptic or pr;vata ys~e thNeof, tM rpuiruMnt o( tNSOnsbl~ ndit~ shsll ba met if wch notlt! is
mailW. pottsp pnpaid. to snr ~Isker st tM sddASt pwn 6Now p~ st snr otA~r aQdross sAprn on tM rKOrds p/ !ha Bsnk st luft five dsys pefpre tM
t~me of tM ssl~- Upon disposition of sny Collstn~t sRer t?N accurnnce oi sny dNsu1~ hereu~Wer. 4islw shsll be and remain IisWe iw any defic~encp; snd
Bsnk sAall Kcpint to Mske~ tw anr surplus. but Bsnk sA~lt Aav~ fA~ riaht tp spply sh or s„Y psR of sucA surplw (o~ to hoW tM ssrrN as s r~s~rv~ a~sinsu
any ~nd a~ otMr liab'elities of ~xA or ury iislu~ to Bank
No dNsy o~ omission on the part of Bsnlc in ~~rolslrr awy rithR Mreund~r shsq operst~ ss a w~iwr ot such ~At or of snr otlar risld und~r this nob.
~resentm~nt, d~msnd. p.aest. naic• ot dishaar. and ~bnsion ot tirr~ xithout nntice arr Mrrpy waiwd bq ~scn srd wrry oWt~or. TA. obtito+s. lointy and
atr~rally, p~pnis~ snd atre~ to Psy sll costs of eoll~ttbn and ~~asonsDN sttwM~rs' tt~s lncurrtd o? psiA br Bank in a~fortins tAis nab upon the oceurrent~
of ~ny GMaulf. My notic~ to Mak~r shal! p~ suf}lci~nyr s~rvW /q sll p~rpps~s N p~k~d in tM mail, postsp wp~iA, addrqs~d La w(~R upon iM P~~s~s
~t. tfn~ ~ddrps sAown bNow o. any dMr adJnss sborw~ on Bsnk's r~cords.
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Tax stamps affixed to original note b cancelled. ROt7K1~ PACC~3
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