HomeMy WebLinkAbout2021 t~) Sorrow~~ wip promptly upuo ioque~t ol ~u~k pin ~rltA 6ank ia ~:scutinq un• w mot~ linancinq ~ut~n?anu. aoticN. alfidavNa or
a~:.ular ii~sUumsnts ~a Iwm satidactory to Eank, and wch ;,th~~ io~u~a?~alt as 6ank maY ttom tUa~ to lime ~+qwsl, aad paY th~ d lYfay W~
eamQ in .::y pub!ic opicy deamtd adviaablt by Sank. '
~b ~orrowK wi11 p~y aad di~charg~ wh~e dw ali taaes, levtN aad otA~r charqN oa 1h• CuUatoral and an said laad aad oa ~ccouat d or
.~,unecnon ~rNA /b IiabltM~s and noa~ •vid~xtaq tM sa.n~. and on accowt d ot in coc?n~chon wlth thi~ aq~Nm~at, inctudina docum~aiarp
ca~ stataFa.
cq> Dor~ow~r wrlU paY aa part ot~ in IlabiliUh Ncund h~r~br. aU amounts ot .~osu and e:p~n~ea. includinq altor~~yi laN. ~rith int~nst
~t,c~con. par.i o~ iacurr~d by Bank ci~ M? tau~. I~vi~s. inautanc~. »paln lo w o~Wl~aanc~ ol ~M Collal~ul and M~ ~~r an.~ u:e. a IsWp rpuU~d i
hceeund~r lo b~ paid bY th~ dwrow~r, and 'iU w takina poss~ssioa of. dtspostnq ol or ptes~rvwy tR~ Collateral ~R~t anY delault l+u~lnah~r ~
acsc.ibed
eh; 1lo~row~r wifl no1 ~w~mit anr cl ths Collal~~al b bw removed lcaa tAo abovt msntaoed kx~tion w~thou~ ~he pra~ w~ritun cons~nt o) t
B~nk ezcep~ lo~ sale in ~h~ o~dinary coun~ o) dorrow~~'s fa~mu~q ope~ations.
;i~ Bw~ower w~lll ~media~sl~• advis~ Dank in wrihnq ol any chang• u+ 1As Ho~row~~'s residencs.
6 Barowee w111 not r permit any Lens or s~curiry inteieau otAer Ihan Banic'• secwity interesU ro dlleCh ~o •ny ot the Culiate~el, no~ permit
!u...nc~nq starement e=cept Bank's hnancmq statemenq b b~ en Ii1e wi~A ~r~Fed tlsr~ob: Ibl peimit any ~~t the Celwtetal b be bvied upou
i any Ie~al p~ocess: c: dis~sa o! ar.y ot I~e Collatetal w~lho..1 the p~wr wnUen conaenl of &+nk. ezcspt by wle in ur.imaty cuurse ol Botrow~t's
•..~~.~,j o~ etal~ons: ~d petmit any~h~ng lo be done that may icnpaii lh~ tAe valuc d•ny ol t4e C~ilste~al o~ IRe secw?ty inlended to be alla~d~d
~:u. aqie.:.:unt.
~ Aank u herob}• appointed Bor[owei's attornep in lacl to do aU acts and thinqs whi.h Bank may deem neceasa~y to pert~tl and continu~
,.:lr. ~e~+. ~~e secu~cty int.~~est c~eatud by this aqieemenl aad to protecl 1ha CoilatQ:ul. but Bank shaSl no1 be obliqated b do anY tRe~wl. ~
6 Borrower shall pay Bank such interest as may be speciti~d in any nWe l~idenctn~ a lcan oi a.?ranco made hereundot aad such s~rvitt
:i,•• a~ may be aqreeri upon and :haU pay to Bank afl ~c.~ts and e=}xnsea. includmq auo~neyi' Iees m.uned by it in 1he pwwrvatioa or
....,t.un C~Uale~aC Chanqes in inie~esl ute and 'se~vice cnaeqes may be made by Baak I~om um. w nme. uo~w~thsiandinq lhe intersal wle
,..::e~! i:i any nae ev::;en: ~aq a loan o~ ac3vance he~eundr~. upen noUC~ to Bo~rowet er.d shall F.ctome etfective on ~he date ~hereia specihed.
9 Un41 detaull. Bonewer may retain po.csess~.~n o! ihe Coltateul and Aa~vrst pick. process, sto~e and use it m any iawful mannsr no1 in~
~.,.,•rnt w~th the aqrewmenb Aerein nr wilh the te~ms and cunditqns ol any y~l~cy ol ins.,unce thecron: and may use and consume aay hay.
n to_d totaye. lodde~. oi cro}=s covere.i he~eby m pre~ewuig an.i N~e~:anny lor ma~ket anv hvestx~ cr pouluy in MhuA Bank hu a secunly
, .t. st
!Q. It a~ any time any wananly. rep~esentation, ce~td~cate or state ment .~i : wrowee ?s ncy Uua, a~I any LabiLty or any part ot inslapmenl
eot ot mte~PSt theTeun is not pa~d when due. or it any e-ent ol .ielavi~ a+ ci~ hne~i in ony aote or olAc~ ev~dence el AabUity heid bp Bant shoutd
:r. or d B~nowe~ sAouM lail to obseive o: perto?m any uyter`:r.n~~~ ~~r te:m hercwl. o~ d Rank at ~ay' lune lceis ~nsecu~e ior any ~~ason wrhat-
:er Aanlc m~y. at its pEihon. thereupon or lheceaher declaei~ all iuG~!i~:es .~I B~:i •we~ !o Bsnk, or aay ot lhem selecle.l by Bank ~notwtthstandinq
:+cua~sioi~s therect , immed~atcly due and payabie without dema:~ i,: n•_tice ol a•iy kmd but witA such ad•,ustmen~,. an}. with iespect lo any
.;r c~ ,:ther chatyes aa may be provided for in 1he p~om~.ssr.-; ncte er o:her wntinq evidencinq wcA i~ah:i~:yl. a+~d Rank in acidition to any
nyh~s an•i remc~?.ee wRich it may have. shall have ,and maY c~erci~o ~mmea.ateIq and wdhoul dema!~ i any an~ ail the rights and remsdies
,-.t.•.: tu e sPCUrcd p;~ty upon defaull under the_ Unao~m Com:nP:nai Ca~e, an.: u~~.ier other a~ f,iicet:;~ I..N and al! nqhts provided herein. in
,~~~p no~r ot otF~er wr:tinq evideacinA any iub~?dy. and In any o~her ap~:~:-ehle se:u~~1y .',r iean a~3ieer~~~~:t. a+i ;,t wmcn ~iyhts end temed~es shsll, lo
:.r hi'.1 ~•iunt pcrn:d4ed by iav~. be cu~nulative L'tdc:iinq. wlthout Lm~Unq !he 7enerolEtr the tu~eyo::~r the nyGt •ake tw:sesslon ol the Collateral
~:a:~ thc:eot t~ perbrm all M ihe opera~~ons wh~ch Ro:r:u-e: has a~p~e.i to pe+furm ne:eun~iu: and ~a take s::h o~hoi measu:ea u Bank mag
s~~:~ lur the care. gTOw~ny. ha-vestmg. yickutg protecbon o:r+i•rvaLOn and markr~inq ot ~he G~llatpre'.
if~;an req::est ur dc:nand ol Bank. Bo~rower shali. at d: ea; er.s~. ..~_:~~mt~r t}:r Ceiia!F•;a! and u.el~• i~ avaJal~Ie to liank al a conventent place
r to S,.nk Bcr_we~ snall pay to Bank on demand any ar.d alI esp~~nse~ incic~~nq ie.iat ex;.e•~.~i+ er.d rea.s;,nabie at~erneys' lees incuned
B~r.~ m :~~'•~ct~n4 en:: rur.q 'tai tiu~es and Ir.t :i~;~~:, c~ B±nk r~•teumi~r. ie~clu~i:~f.: f:an?'s n~tt !o toke povession of the Collate~al
,•s ~rc:~.•ic. Ar~y ne!~•~ ot'sa?e d:spos.t._~~ ot othe: u::~•n,:~•,i .:ci~c.n ~'v F:nni seaa t., b,nowrt at ti~e aa~ri=> >E•ec.l~ed above. ot auch otlet
:.i~.~ t P~.i~avicer as ma= :::m ume to hme ie ~nawn ;n °..c:~'s :•-~,s:-:. at Ic,et f,~r !3}~. ~c~.u t~~ ~~.~cii .,•_t~;:n. sh+'1 cunshtute ~easo~able not~ce .o
•.r w~e 7F.e i:r^.c~eJs .,1 e~~; c~sF.ostiun o! ~he Collat~:ia! ,;r a~,y tii• :i~c~l. .:~ay i,e app'..•~: i.: ~6r B.,uA ta t:~r ~~~yr.tent ot any l~abiliqes WIfEI}IPS
: i; , r •~.;v u! ~hcr: t.e then •t~~c. and ~n sucti or:icr o! , t;.: . t:. ~~.~:.i ~nar H,: t+mc t~ L•.nc e:.!:
" 1i.~ x.:iver Ay Bank ol any ~iefault s: a:l ope~ate as a N,~•.~ :.o a:~g t~..-~ c:._!~u!~ ~.r enr ...i:: r:!~'... .It on a!.itu~:- ~ctss~vn. No delay
•:.4~::0~~ on the el Ba~ic in exer~_~s~ng any nght or :c•me:i f ihii: o~.a ratc as ~waiae~ :t,~r.r~l. an~ s~:,qle or par:~a! e:erc~se by Bank o!
~~r re~~edy shai! pieciu.le ur atlect any wher or 6uthe: c¦crcl>e .;r~•;.! .,r !1~•~ eY. rc~-.~ .~t ~ny cet.•~r tiqhl or r<•~~~~.iy Tune is o1 ~hP
~ t tha ag~eement. The : tov~~~ ,ns of th~s aqreemnnt arr CUTU: ~:lVa' d11 !~r. a~~ yn~: n t: t}._. ~:.vLaj-rv n' eny liebil:tq r~ci any note ct other
ev: ~Pr.c~no ar ~ liabilit} s~ct:rnl by !ha agreemer.t ani R~u: va• .,it !i:~. i. ~•,f.'a :wF:s ahd •~t ar.:l ~r .F~ any liabitity and
.:-,te or ;;~Res writu~q ev~.l~n:inq any Labilitp ucu:a'. he-eh} .1 m_er .a~: ;~er~p ahaul execute ~ ~~cem~~r~. ttee teem "Borrawer"
a;; r.,~ ,?;I pa~ties si~nuig thu agre~mcnt anci each ol them., an ~ ail <<..h ~~~t~-•s ~h ~tS ::e ~o:ndy ar i se~r~a~ t:t :~gated an.i l~able heieunde~.
~inu>>;»: ~,~c: a:in. w~en used herE:n. shalt mci~ !e 'ne p?~:•~'. ai.,: ri~~ n, :~te: ri..;i~ .r.c lude ~1~ r,,~~~ e: i:. ~nnr A'1 ~~.~hts ot the Bank
.~ti fr~ ~nu:o 1o thF beneht ot its succcsuus .~.:,a a~s~:;:: a:,~ ail .•::li•~,::~~_, c! Ec cowrr soa:t e.i~.:? the '~~.::s. extc~:ois. a~:ninistralors.
< <_...:is ar,d ass~,rs each Botrower. It th~a acjreement ~s :`or cate:: w'~~•~~ ex~_uteJ Gy the Barrov.er :r~ Bank auth~~~ze~.i, w~thout nolice to
; ~ . ~I3GfWN..* p; cate thu agreemenL
; . , ~ f' -'4~,
i < 13 This ay~eemcat miy ~e tetmin.:tei by c~ther ;,+:+y y.~':".') ~}«•c~i:ft w':~t:en ir_':_•, ui u~!E.~:~oo i, tcim,i~ate ~u d~a(a•~~~'sa'id
; ~ -_.r.,e nia~~~~.i cr delive:ei So :he addresa shown in Ihe o:eo:nWe ot tc.:~ aucv~;n. n; or w t}:e ii-: ki:~,w•u .r; i:~ss e! Ihe B~r. ~eP Q+~j1Y -1~
~
s ~ ~cr.om nucF n•:hce is a~idr•.esed. >howrn on th~ reccrns cl ~4e Ba*.l oc othrtwl~r ir.uxr. 1 ut a:. s..•_1~ !~•:ir,~.~.~h,. ~ha?; in any y;~d~l~' tights~~nd
~ z~'~: i~!.~s ' iF.c parllei t.~reun3tr relahny Ic L ans male a~d ~ a~l.+:c-.~l ;.le~,y.•: rr:~,r io !Lc <!a:c ~emed in ,.._h not~rc r, `
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y t~. _ L'S :~R19i:P.7B7~! ~t~•: ~fPi1 dehvrr~~c1 tF.e St~te rd I~:=,~~.:a an•. shali be c~r,!~u~„i in a:co~..ac~ce v~itA ~he ia~:. of-~flojJ~a:~.~~ -r,
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~ k~ 1N •~+'ITtiES,C WH£AE:OP. this aareement hz bc~n duly eircuteJ as u! :r~r d..te he~e,nai.cvr tust wnUer.. ^j ' -
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~ ~ ~ , ~ sea~<-~i an;! delivered _ V _ v..-
~ r ~ ; teser.ce vl: ~ SEALi
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~ SEALf '
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BoRHOV~ex
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OKE CHOBEE COUNTY BANK ~
=3 ~;,yJrl~J1iATE SL'~ -
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~T;~~? PrQSident ;
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s-~~' ~~h"` Sworn to and subscribed before me thi s 9th day of ~
~
~ February, 1972•
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. . _ =fT . - /lE0 ANO ' , J #
- . - ~ ~ ' - ' ~ ' . ? i~. l{ICIE C6~ Nota Public. o a at~ q~ ~ ~ j
~ ROCEI~ P41TRA3 V iu 21. fg72... ~ 1 ,
~ CLEitK CiiiCU1T CO{MT My Commiss~on E'~ ;
Bonded bY Trans+~rt ~j?suranCe C~:~% y
RECORO YERif1E0~ ~ ~
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~ IS t2 ~1 PM 71 f
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