HomeMy WebLinkAbout2016 (el bortow~i ~vill promp~lr upun ioqueat ol Rauk join witA Hank in ~:~cu~inq one a mo~• linancinq sut~m~At~. aotic~s. allidavib, a
.u.~d~r iastiuments ia lotw srrisl~cWty to Bu?k. and sucl+ oih~~ losttunwlr a~ Bank may t:om ti~a~ to ~unc raqu~st. and par th~ cwt d lilu?q Ih~
sa~a~r ~n .:,y pubtic ottin derm~d advusbl~ bY Sank.
(li Barow~r vniU pay aod d?scha~q~ wA~n du~ •li t~cea, levba and u1~~~ cha[q~~ oa th~ CoUatoial and on said land aod oa ~ceouat d oc
t,ce:uor? w~tA tts liaDilities and aot~s evld~ae~oq tM sa.a~. and on ~ecouat ot a ln coan~ction with thu ag~Nm~a4 Wctudlaq doeua?~atarr
ui stamka.
~q1 ~OfIQM~T ~?iU par as part d its Ii~Dilitiw s~cund h~r~bY. ~II smouats ol :o~u and e:penu~. ~nclu,'.u~q attoin~yi f~. ~rith ioNt~at
~ne~eun. pahl or iacurr~d by Dank t~ lo. ta:es. N~iet. insuraae~. t~apain ~o o+ m~ial~nancs o! th~ Collat~tsl and for any oth~r ua~a o~ l~~i~s cpufnd
hec.r:,nder ~o k» pud br th~ Ba~ow+~r. and 'W 1n takiny posNSSion of. disposinq ol o~ p~es~rviny tho Co;late:al aft~T ~ay d~lault h~r~ioatl~r
desc.ibcd
;1?; Do~~ow~r will not perde~l any cl th~ Collalaal b be romovcd l:cm tnc a'~ove mentiunc~ Ixatwn wuhout the p~ior wrinsn cons~nt OI
Nsnk eaceyt 10~ s~fe in ih~ ordinary cours~ d dor~owr~?'a larmu+q ope~at_ons.
ii~ Ba~uw~r wdl ~me:ii~tely edvist Bank in wntcnq d at?y chanq~ in tM Bouowtr'a ~es:denc~.
6. Bortowe: w~l{ no~ a' permil any Lens ot secu~ity inteie:es to~Aer ~han Bank's secwily inttresr~ ~c a~w:h to auy ot thF Culiat~~ai. nw p~rmit
7u•oncinq statrmen~ .a:crpt Bank's financ~nq uatemenU to ba ce 6ie witA ~e~ptcl the~eto: ~b~ }x~~mN any ot the Cel+ateul to be levi~d upon
a any ivqai pau~ess. c 3iaF.x:, o' aay c: tRe Coita~eral wdho:.t t:~e prior wntten consent o! 8: nk. eac. pt by sde ~n ur.iina~y cours~ d Batowr~r's
oj e~auons~ ~d~ permil anyt~~ng Io be .ioae thal may ieapair lht tAe vaiue d any u! 14o Cotie!e~al or tha secwUy iaanded b be atlotd~d
~ ~.^.~c di)t!: tarrd.
T 8anic :s Rereby ~ppointe:~ &~~rowe~'s allome} in tatt to de all aets and thinqs which Bank may deem neceuary to pertect and continu~
~.:le. ce.t the secunty ima~e:1 cteatad by lhis aqtecmenl and to protect 1he Coilateiul. but Bauk shat! no1 be obliqaled to do any tA~ttot.
6 Pcrrtuwer shall pay Bank sucl+ inteeest as may be s~ecif~~ ~n a.ny rwle svidencin~ a:can r: a±vance made h~reunde~ aad such se~vit~
.qr~ as maY Do aqreed upon and ahaU ~y to Bank ail CMIS and e:p~ns~s ~nclud~nq an.insy.' t~~s. ~ncu~ce.i by i1 io ~h~ prswtvatioa ot ~
,-t..ui ~I C.:Ilatoral Chanq~s m inec~est ratc and se~v:ce :nat~es may be made 6y 8a :k hom tim. to t~n;e ~:otr•~ehstanding the interost rale
y e.:l:e:? any nole ev:;ien.-ing a l.~an oe advanre hereur..iae. u~a nut~ce lo Ber~oa+et er.d ch~ll l:eccme ett~ct?ve on ~h~ date I~ereia specit~ed, ~
9 Unhi delauU. Do:rcwer may reu~n pc~esih~n o! thP Colla!eial ar.3 hazvr~t pick_ proecu. store and use it in any lawlul mtnnsr nol in•
•,a.,sea1 wdR the agrermenu he~e~n c+r w~M the te~ms an:i c~nd~uoas ot +ny Hahcy ol ~ns.t+nce thetw~n. and may use a~d consum~ aay hay,
;•:+n to~? taage. lc~de:. c~ ne}xi cove~ed he~eby m p:eservmq an.l p~eYa~~ny t~r m,:tke~ eny i~vestoc} cr p~wHrp in veh~cA 8ank has a secunly
r..s~
IU. H a~ aay timt aar wauanty. [e~esenution. certd~u~e or state mei~t ~uuower u ncy tw~. o~ J an}• iwbil~tY oc any part oi irtsuUmenl
~~r~eof or ?nter^st tAereon is aot pa~d wrhen dsae. w i! any e: ent ot 3ela ,it u ~.~f:rte-f m.,r.y :otr a ahcr ev~Jeace cJ lubdity held by Baok shouid
or ~i Bn«owe: shouki tul to obs~:~e w perbrm any aqie~~r.>n~ cr te:m l~ercwl. ot d Ran~c a~ ang ~una :e.e~s lnsecure !w any ~eason xhal-
R•rcT. Rank may. at ib optioo, Ihereupon or the~catter decluc~ all iubil:!:rs .~f Bo;; ~w~~ to Bank. a any d them se:QCCed b~ Bank ~awwuhsuadioq
a:} ;,i~+~sions tAe:eoi. ~mmz.:~ately due and paYable withoui 4ema~•f x rn_!?.e oi a:~y Icir.~i ,out witA suth ad•,us:ment~. any. with respeet lo any
. at o~ vther cbaiges as~ may be proridM tot in the p~om~ssc.ry ncte c~r othe~ writinq ev~ienr.nq s~xh i~ab:i::yl. and Bank in additan to an}
,:~r~ ~~yArs aod remccl+e! MI1KA I! may have, shal! have aad maY cierisse ~mmea.atel}• an~3 wdLoul deona:.1 any dn;1 ail the rights aad cem~dt~s
d-.te,i w e secur~~d partg u}wn detaull under the Undorm CommPmal Corie. ar. ~ w:uer other ap~,::c+:.i~ !aw e~at al! +ights pm+ided he~~in. in
.~1~}• r.~t~ o~ o1Eer wr~tmq erideac:w+g zny l~abAitg. a~d in any other ~p~~a;, able se:u:ity ot Ican a~~t~em~ +~t a:: ..t w•:i:cn ~iyhb snd ~emed~QS shall. 10
i:r h::i ~.t~nt i.~•::eAled by iaw, be r.rnalative ind,.:'.Inq wi~Fo+,t l~mshn~ the qeneral^, c t the fuceyo:. c; t:^e n~F: 'c ±ake ~~o:sesswn o! lhe Collat~ral
p~t+ !heneot to F.r:fwm all of the opera~ions which &?u v~ee has a•~:~ to perfu~m ne:ear.ae: and ~o caie <.•;h r,~hcr measures as Bank may
fuT tie care, qtowiny. ha-veshng. pick4~g ptueectwn o~.•sccv~tux: ana matkrt~m~ ui the C~113trt~:.
UFcn rcy::ea: or de:nar.d of Ban:c. Bctrovrer shall. at ~rs e:; crs~• +n:.r:nL:.- t}:- Cclia!r~:a! ai:c u.ak:• ~i avaifei~;e bent at a convenaeat plx~
~.~i'. ~o Boat. B-r _ w~e: seall yag ta Baik or. ~emai~d any a::d aII ext:e~ase~ ~nrtcd,r..j leaai ea,.rr.~t. o.^.d rea~onaDie atso~neys' fees incu~[ed ;
.~.:i i!,: krr: :n ..~••,.';r.g ~nci er.i: Tc~r.q 'ia:ai,riex and te~ r.,;:,:, ci B~nlc `•°[fJOI~~`i. :ta:i:ld:?.: fiA'f? S~~~int cete po~~ession ot the CoOaieial ~
~s }~c••.~is. Ar.g no•••~• ot sate. du}•os.t.~n ot e!hte i;:;r:,.ic,i ty ~~.rk s~r.e t., tt:~~vvcr+ at tna .~se;r~~~ slr~.:~r~i abore. ot such olher
.cr.. ! E~.arawer as ma; n teme t: tnme :.e sl:own ^r. °a~:c r. . at :e•.,t ~a; s~:.o~ t~. :s ,c? .,_anr, sna:i c~,r.~tdute ~easonable nouco te
c v~.~ 1Fr ~,~^cee.is .d r.,g euposhon oS th~ : o~latr~a! : a:.,, ~f~ .~~:i .:.ar ie ap[....: tl..: B_.u? to t:~c ~~.~}nent of any kabil~t?es vche4htt
. o! tK~r~ te taen iue, anu ~n sucli o:aer r... ~±ay i:.x~~ ti:ne t~ t::r.c c:~ct
_ itio w•~~ver E; Bank o! any dP:auit s:~all o~ era:c a~ a w:::~ a_~~~ t~.•;: ~.a t~o :.,=.c >'..'s :it cn a!~n~:~_ ccc.;~~on No dela}
v
'_:,;~~s~a~ on !he par e( Bent~ in ese*c,ssng any.right oi :~me~y s2;eF: o~:c~ate as a vaai.e: :t~~r..~+l. en~ i:o s~..qie or pa::sat e:ertue by Bank o!
, - ::•~nt c.: :emedy sha~l pre~'.u:Se af:ed ang otAec er hi~tLer c•<c•:1,e c-r~~..: . r >1:c rc~s_- ~ny a}:~r iiqht ot :e~•:c.iy. Time is of the
t~is aareen:er.2. TAe :v~vis~:ns ot th~s a~recmcn! are cun:,~i,'iv~ a:~: :r: :.-:2a. n T: ~::•:Ltr~.; any ;iabil.tv r~:+ any no~e or other
e.•: •Fn~u,.l ar ~ iiab~!it; s~c_.:•~d by :his aqT<~em n~ en.i E~~~: ' ~ t. , c~JF:, za~ ~i ar.~ _ ee any tiabil:ty and
- . ..-xe ot oshc: w•nt.ng en 3~n. i :q ar} Labi?itg : o_;..~. t~e:~• ~ 4 . rer•y sha~t aa~~.~t~ : ..y~cemen•. :t•c !r~in "'Borroxet..
a.: ~.rar at! paittes s:yn~~g this agtermrcr dh~7 ea~h ot i~etr., a~: ail su=k ;~.i:~-; ~."..ll `~e N.n•ty ar..7 zev«~;,!:~ ...~y~+e.i an; hable Leieu~der.
smc:~,_~: ~::r, ~oun. v~•hrn csed herein. sha:i :nci~lv •}~e ae:.: i,~ ?c .!c• >'c...2; .a~ i .:ie !f: • u~~:.c- •a.:_' :~;nr n'I :~ybts the Bank
! tce ~nure ~o :hp Eenel~t af 3ts success:as ass~.i a:,.s a:i ::i:.~ c! B< r:owc :-a~:l . u. . the '~-_:rs. o:a ,ts. a•.i:r.:n~siratats.
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~ ~~_.,o,s ar.:t asu ~rs ct e3cR B~taw~er. li .^~s agcerment ~s ::~i ~ate.: eiec.,te;'. t} ~ne B~•rw•: c• B..~k a~~`:~nzeu w:~j~:;~t aeiim to
I • dc,rrcv+.~-. t~ ~ate th~s agreemont.
i
~ 13 Th:s agseemc•:t m=y be !ecminatc~i ~y c~mer .;.~y yn'u:~ ~F~~at`F: nai:~n r.c'._e -:f u~x.,:3.;,: '~:a~.uo~e :.u ~ dete nameti ~n sa:° ;
~ ~ ~ S
~ -.:r::e r~a~'•-:' delivcse.i to :he addresc shown in the ure~^iLie ~t s:. , ac~~c~~:n.:~' =a ic t^r `.:~w.~ i:e_;; of the &.a~~wcc oc o:hec party W z
r.~ :on: snct r..?hte ~s o~1c'~e:sF.j. .Au~rn or the reccran et ~he da*:i~ o~ o1Rr: xuc~ rr~;x: . i ut . ~._1: : uui.:~~~ ~>na:. :n any w•ap a!(e:t the tiqhts and ~
~ ! ii'_c~ ' the pa~tios i.Pieuader ra:anuy sc i, aas ma:ie aa.i ~.~:':s:~r.:l ytr:y :~:r.r tr~ ;Lc ..e:~ r.~ined •n s...h .~t:ce
~ l~. ayiea~~,er! been de::v~r..~d i~. t~e State ~-:f t: aa: sFai; i,e cw:-.~~:,•_.: :n a:c:i.:al.~e w+th ~ue :aws o! Flcnd+.
~ _ •r~_
ih 3;IT?``..5.~ WHf RF:OF. thi~ avreeacr•t h~ t~rer. d+,Iv ex._ _uted as :.f •:i..:e hcee;n.,4 v~ f~rst +v~:clrr..
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~ . • >ea,e~i aa-i ~!e;ice~ed }
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~ ~ J~ ~A ~.,o~- SEAL~ -
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~ ~ Bt3HRU~SER
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~ ~ ~ OKEEC BEE COUNTY BANK
,~F•.,Re~lt SEAL
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