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Home My WebLink About0547 ` , t. Doaow~r wW sot wll. Mo~i~r. Iw~. ar otL~nris~ di~pw~ d aaT d th~ Colluual a~ mr 1nhn~t tbu~io. or oNa w b dw witsout t~ prio: wsllMa caeMnt ot S~cvnd Parit. . , . 9. Da~tow~t wW at all tlmM tMp tM Co~lat~wl ias~a~d aqaiust loM. dasa9~. 1b~R and sucD oth~r rfsks as S~cui+d Pa~t! e~aT raquir~ in a~ aaounb aod oo~panN~ aad nadar wch poikl~s aad tn a~eh form, aad ~oc weA p~bds, as ~hall b~ ~atisfaetorY b S~cvr~d Patt~ aad ~~eh ~ P~7 +~1 D~'~'~~ ~W 10~s tL~nund~ aad P~~~ P~7ab1~ thst+uad~r ~hall b~ parabM b S~cw+d Partt as i1s inMswt 'aY app~ar (ipd 3~cvrd Pa*7 ~'+p~P~ +~Y`P~~~ ot sueh lnauraup wsich aa? b~ »o~t~d bT S~cu~rd Partt loward pa~t d tM Obliq~t~oos. wbNh~r or nat dw. in weh ad~s d applicatioa as S~cuz~d Partr ma7 d~tamia) and wcn n~eh poikY sLall pro~id~ for 10 da7s' ~rrfll~n aWmum unu1L- tfon aotkr b S~cvnd parlT: and ~ach sueh policr ahaLL ii S~eutrd pattt w nqwsb, b~ d~posiNd w[th S~cur~d Part7: and S~eutd Pattt ma! ad as atb~wT fa Daro~w+r ia obtaintnq. ad;uWnq. Mttlinq. and o~no~liing nuh iowranc~ aod ~ada~~inq anT draRs. 10. Doao~wK ~ail a! all timw kMp t~ Co1laMral 1rM lton anT ad~us~ 1i~n. Nc~uitr int~nsR or ~ncvmbraao~ and 1a good orda and r~pair aad wlil sot wa~M a d~st~ tlw Collabnl or anr part 1hK~o(: and sorrow~r wl11 not uN tL~ Collwrd in violatlon d mr sutut~ ar ozdiaance: aad SMUd Putt sat uaein~ aad ia~p~et tb~ Collatual at aar Hm~. wh~z+~~r bwNd. - 11. Donow~ wW W7 P~WtT w~n dw all tasM aud aywm~nts upon 1h~ Collat~ral ar !ac its usa cr opuat3oa ar npan tbN aqrMm~nt or upaa an7 noM ar not~s ~~id~ncfnq t6~ Obliqatioos. ot an~ o! tb~m. 1Z 1lt 1b optfoa. S~eund paitt ma7 dlKharq~ ta:~s. H~as o: Mcuritt int~nwls or aeh~c bcumbr~aew at anY fim~ 1~.Nd a plaad cn th~ Co1Lt~ra1. ma7 W7 fa iasurana m th~ CdLNral. aad maY Pa7 tar tb~ maint~aaac+~ and pr~sW~aOon oE t6e Collat~raL Borrow~r aqrNS b zNmb~us~ S~cvtrd Partr m d~saad ~r anr Pa~nl mad~. ar anT ~:p~as~ inc~urrd. bt S~c~~d PartT. p~usuaat eo th~ lanqoinq authoriution. Untli d~tault. Danow~r ~ar bat~ pow~sian d tL~ Co~Ltsrd and uw it ia aaT Lwlul aam~r not iaooo~ist~at ~v1tL this aq»~m~at aad aol Enooasist~nt ~?ith anT poikT o[ iasuraaw th~r~oe. 13. Donow~r aLall b~ in d~ult ~mdu t~ aqr~oeat upon tb~ 1upp~ninq d aaY d W~ 1o11~winq r.~ats os oondtlioas: (~J taih~n or omi~ doa b paT w~a dw aaT Obtiqatlm (oc anl Io~Wlm~at t~r~o[ or fnt~r~st tLa~aJ. ar d~lault in th~ papm~ot or p~rfo:mancr d anT aWk~ation. oo~a~nf. aqtM~at ar Wbil~ coatafo~d or r~r~d b D~~le: lb) anT warraat~. r~p~w~ntation. ar atabm~t mad~ or tutal~hd b S~.vtrd PariY bp o~ aa b~hatt d anT Dor~ow~r pro~ns b haw b~ 41M in an~ m;MrWrMpkt w6~a mad~ or lumish~d: (rJ Iw~. th~h, whMaatlal da~aq~. d~s- truetloi. iai~. or ~a~vs~braeo~ b oc oE aaT d t~ Collalrral. ar t~ maktuq d aaT l~R. w~su», a atl~ehm~at thu~af or tb~r~on: (d) an7 OW1qor (wbich lKS. as uMd Mr~io. ~6aU m~an Neb Bonow~t aad WL~r paztr palmadlT ot Mooodarilt or oooMnqwtit IiabN oa anT d th~ ObUqatloas) b~oom~s fdol~~nt oc uaabl~ b pa7 d~bb as tMi mahu~ or makp an atsignm~nt !o: th~ ben~$t at cndirocs. or anY ptooNdinq is ia~tGuNd blr at =9+~ +a7 +~~4~9 that such Obiigor i~ iawl~~at or unabl~ to pa~ d~bb as ts~p matur~: entrly d anT 1~ot +9+~~ +o! (U d~at6 ot aat Obiiqor wbo is a aatural p~rson. or oE anT partn~r aE anY Obligor whieh 4 a parin~tship: (9) di~oiution. m~ig~r ar ooaso~id:tion. ar traasfer at a wb~taetlal pa~t ot t~ prop~ctr at anT Obl~qor w61eh is a oaTposatlon ar a parmKahip: lN appoiatm~nt aI a r~o~tr for th~ CdLtaal or anT tb~nat a[ lor ast ptopKtT fn whM:b ant Borrowu has aa iater~st ~ 1~. Upoo ths ooc~m~no~ ot ant sueb d~fault .a at anr tlm~ th~rwiMr. or wh~~~~r th~ S~cur~d Party fNb foMCUn to~ aay re~son wbatw ~~a. S~.vr~d PartT maT. at ib option. d~elu~ ap Obltqatloos Neund here~. or anT o! them (aotwW+staadinq anY pso~sioos th~r~o0. fmm~diat~lp du~ aad pa~abl~ wUhout d~mand or notio~ ot mT kind and th~ samo ther~upon shall imm~diably b~com~ aud b~ dut aud paYabl~ witAout demand or notic~ (but witn sucb adjustm~nb, if anp. witb rpp~ct b int~nst or othsr cbarqM ~u aai b~ pav~id~d br in th~ p~aanisw~r nou ar ot6~ wriNnq 'I svid~adnq nuh liabilitp), and S~cur~d Farty sha11 ha~e and maT ~z~rcLs trom tlm~ to tlm~ an7 aad all righta aad rem~djss d a~rsd PartT uader ths Un~lorm Commucial Code aad any and all rig2?b and rem~dia~ a~ailable to it und~r aaT dh~r applicable law: and upon r~quest a d~mand ot E Secur~d Putp. Bonow~r sLall, at ib ~:pena~. assembL th~ Collat~ral and maks U a~aiLbls to tM S~cursd Partl at a eon~enient place accvpubls ~ to S~cur~d Partq: aad Dorrow~r sha11 P~P~T P+7 all oosb d S~curd Partp o! eollaction d anY aad all th~ OWlqatiau, and edorcem~nt ot rlqbts harsund~r. includinq rwonabls atbm~pi fNS and l~gal srpenses and up~nses at any npairs to any o! th~ Collaqral aad ~~ana~s d anp npaits ; to anr r~alty or oU?~r prop~rtl. to whic~ mp d th~ Collateral mai b~ alHs~d or be a pari. Unlw IL~ Collateral is p~sishable or threat~as to ( duciiu~ sp~~dily in ~alw or is o! a tpp~ eusbmuilT rold an a r~ooqnis~d mutN. S~c.vrd PutY will qir~ Borrow~r rwonabb nwic~ o! th~ tims ~ and plac~ ot aaJ public sale therwl or d t~s tim~ ait~r which any pri~ate ule os anT oth~r inl~ad~d dispositioa th~rwt is b be mad~. Th~ r~quir~- menb d r~awnabl~ n~tta ~hall bs m~t i! such aotice ~ ma~d. poataq~ pr ~patd, b anT Borrwnr at th~ addrw o! Borto~v~r shown at t6~ b~qinniaq o! this aqiNm~nt or at anY oth~r addr~as ahown m tlN r~oords ot S~cur~d Partr. at Last H~s ds=s b~tor~ ffi~ tim~ ot tL~ ssl~ a dispositbn. Fa- pens~s o( retalcinq. lwldiuq. pr~parinq for sals. Hlllnq. or th~ like. ahall iadud~ S~cvr~d PartT's »a~ooabl~ atbrneps' iMS and Isqal ozpsnaM. Upon disposition of anY Coilateral afbr th~ occurreno~ o[ anT d~tault b~r~und~r or i! S~cvr~d Party teob inseenr~ for any r~awn. Borrmn~r ahaU ba aad r~maia liab4 tor aaY detici~ac7: and S~cur~d Put7 shall aooount to Horrow~r tor anY surplus. but S~cur~d Partlr shall haw th~ riq6t to aPP~! s all or an! part of n~e6 surplus (or b Sold tb~ sam~ a~ a r~nr~~ aqainsU all or any o! Ib~ Obtiqations. w6Nher or not Ih~y. or any d them. b~ 1h~a dus, and ia sueh ord~r ot applicaaon as S~cund Partlr maT hom tim~ b tim~ ~i~ct. 15. No wai~u bT S~cur~d Partly d an~ dda~:U ~Il op~nte a a waiv~r d anr o1h~r ddault or of th~ sam~ d~tauh ao a futur~ ooeasion• ~ No ddaT as ami~rbn oa th~ put d S~c~u~d Partl ia ~z~rci~foq anY right oc r~iwd~ ahall op~rat~ as a wah~r fMr~ot, aud no duqb or putial s:ereW t bp S~c~urd Partlr at anl rfqbt or :~mdy aha11 pnclud~ aap Wh~r ar lurth~r wrciN tharad ar tL~ s~rcis~ of aaT otT?~r riq6t or r~rd~. ltm~ is d z ths w~tuo~ o[ ehi~ +qntmsnt Tb~ prarisions d tLL aqnem~ot an cvmuLH~~ aod in additlm b t~ pro~is[oos d an~ noN weund bp this aq»? meat. aad S~curd Partr ~haU La~~ all t6~ bw~ib, riqhb aad s~m~di~s of and uad~r anr no1~ Ncund L~cebr. I! ma~ ~han ou~ party ahall ~s~cvb this aqr»m~nt, th~ t~rm "Bocrowu" aball mwa all parWs siqoinq thSs agrNm~nt and ~achr of th~m. aad all sueh parti~s shaA b~ ~oinUl aad ~~rally abtiqaNd and 1Lb1~ h~nund~r. 7h~ sinqulu pmnoun. wD~a ~wd b~r~ia. sEall fodud~ t~ plural I! thb aqrMmeat i~ aot da»d whw ~:~cubd by tL~ Darow~r. th~ S~cur~d Partr is autlari~d. wit6out notio~ b th~ Borrow~r. b dat~ tbis aqcMm~nt ?hh aqz+~m~at ~hall b~can~ ~ft~eth~ •s a! th~ dat~ d thls aq»~m~n~ Ail riqhb d S~curd Partlr h~»uad~r ssall inurs b th~ b~n~fit d tt~ suonawn aod a~gns: and all Obliqatbas ~z o! Dorrow~r ihall biad th~ h~irs. ~z~cvlors. administratas. ~ucrwwr~ and assSqns ot ~ach Horrowrr. ~ 16. 76is aqrMm~nt has bNn d~li~~»d !a th~ Stat~ of F{ocida and shall b~ caomu~d iu acoocdano` ?Lit6 th~ laws ot Florida WD~r~~~r ~ Po~sibl~, wch pro~isim d IhL aqrNm~nt iball b~ inlnprsl~d in such mann~r as b b~ ~ff~cH~~ aod ~alid und~r ~pptkabl~ law. but tf m~ pro+iaion ~ ot ehi~ aqrNm~nt shal! bs prohibit~d bl. or ia~alid und~r applicabl~ law, wch pco~idon ~all b~ ia~ii~cti~~ to t6~ s:unt ot wc~ prohibitioo oc ~ ~ ln~aliditY, without ia~alidatinq ffi~ r~maiader ot ~ucL pro~idon ~ t~ s~mainlnq pro?istioor d thb aqrMa~nt ~ ~ f ar wr~ss w~oF. tns. ,~n..~~ b.. b..n aWr .:.~,~~.a a~,. lZth d Au t 18 71 ~ ~ s+qn.a. ...~.a .na a.u..r.a ~ ~ . ~ in th~ pr~ao~ d: . . - . ~ FIRST T NAL BANK OF FORT PIER t ~ B•/s/ 1 H. Bullock, V. P. & Cas ; _ : - ; ~ DOCUMENTARY $iAMPg AFFiXED i0 ! ~ ; ~ ` ~ ~ ~ ~ ~Nm~ ' ORIGINAI NOTE AND CAhCEL1E0 ' ,~'~?~e}~'~'~~ ~ i~ b b~ ~~wd ~s. a Flaaacinq S~ae~nt j ' t ~ ; ~ g~i95 ~ 54? .r . ! f s 4 ' ; - - . . - .,~dr-.i. . ~ .