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Home My WebLink About2773 _ ~ _ ~ i - i ~ . . Addiitons to, r~aiudions or e~thate9es oi, a substitutean for ti+e Coilare.ai, payr»enn oR ~ccounl of this IoN? w incr~~s~s of fhs ssme, or other loans made parti~liy or whol)y upon the Coiiateral, may from time ta tir.~a bu mxie wi::?out affectinq th~ provis'wns of this no1e. 8ank sMll exancis~ reasonabls care in th~ custody aed preservation of the Co11~1era1 to the extent ~equir~d by ~pplicable s1~tuN, ~nd sh+li b~ deemd to haw axercised reasonable care ii it takes such xtion iw that purposa as Maker shall resson~bly reqvest - in writirg, but no an~ion fo do any sd rwt requested by Maker shall be d~eened a feilure to exerciss ~eason~ble c~ro, and no pnii- iwn to oornply with srty nqwst of MsEer shaH of itself be deemed s failwe ro ~xercise rsasonable care. Bank shatl not b~ ba~nd to Uk~ sey sNps rno~ssKy b pr~servs aoy ~ph1s i~ the Collaterai apainsl priw parties and Maker shall qke all necessary st~ fa wch purpos~s. Bink or its nanins~ ~?e~d rw~ cotlect interest on or principat of a~y Collateral or yive sny ratiu with resp~ct to it. If Me CollarNa! shsll d any ?irr~ becon+s unsatisfWory to 8ank, Maker shall within one day after dem~nd plad~ and d~posit-~ with Bsnk ss pa~t of the Collate~d additional property which is sstisfactory to Bu+k. if Bu+k dseens it~if ie~cun, a upon the happenirq of any of the followirq event~, each of which shall consritub • d~fault Mre- und~r, ali li~biliti~s of ead~ /Miker to Bsnk shall th~reupon or thareaher, at th~ optioe~ of B~ok, without notice w d~mand, becoma dw . ~ ~nd pay~W~: (a) th~ hilw~e of any Obii~or (which term shatl mtan and includs e~ch JY4ker, eedwser, swety, and yuar~ntw oi this - ' note) b p~rform any ayn~n~nr Mrevnder, to psy interest herecn within ten days ~fier it is due, a if there be no dw dab, ah~r it ~ Is biiled w dfierwise nquest~d or demand~d, to psy sny other lisbility whatsoever to Bank when- due; (b) the de~th oi arqr Obl~' or ~ (c) tiw filinQ oi ~ny pNifion unda~ th1? Bank?upfq Act, or any similar federal or st~te slatute. by or~g ainst any Obliyw: ~n ~pplic+-~ - - tion fw tM appointm~nt of a r~oeiver fw, the makirp of a nl sssignmeot fw the beoefit of uedito?s by. w the insolva+cy of any , Obliqor, (t) fht en?ty af a j ~sn~t apainst ~nY Obliflor: (~h~ issuirg of any attachmenf or ga~nishment, or the filin~ of a~ry lien, against any prop~rfy of any~0 {'b~w -(q) ths takin9 of possessian of any substamisl part of the property of any Oblipw ~t tht ins~~~cs ~ ~ _ of anp po~vammental wfhaily:(h ) fhe dissolei?'~on, mer~er, consolidstion, or rewyanization of any Obligor: tM assiy+vn~nt by any - ~ Ma4sr of any sqvity in any of tl+~ Collstersl withovt the wrilten consent of ths Bank. Each Obii9or hereby waives any rpuwremenf of ! , notice or demaod reFtsctiny wch accelcrotian Insofar as such reqvirement be in addifion to the mere exercise of sny remedy afforded fe ! thk No1~ w ths institution of svit by rhs then holder. . 8+nk sh~ll have, but shall ra1 bs limited to, ths following riofits, each of whith msy be exercised st any time whert+er or no1 this note is dw: to pl~d~ or h~r?sfer this note and the Collateral ind Bank shsll thereupon be relieved of all duties and respon~ibilitiss hereund~r u+d relitrv~d from any and all liabiliry with respect to a~y Cotlateral so pledged er trans(erred, and any pledpe~ or trans- ferce slwlJ for all pwposti st+nd in fhs plsce of Bank hercunder and have all the riyhts of Bank herew+der; (ii) to trsnsfe~ ihe whole a s~ry paA of ths Collaleral inro the nsme of itself or its na~inee; (ii~ to vote the Collateral; (iv) to notify the ObliQws of any Cd- ~ (atenl to maks payment to Bank of any amovnts due w to become d~e thercon; (v) ro demand, sue for, cdlect, or mske sr~y tompro- misa w settl~ment it d~ams d~sirabfe with reference to the Coll;teral; ~nd (v~ to take contro) of a~y procceds of Collateral. ~ Bank is hareby yiwn a li~n upon and ~ security interest in ail prope~ty of each Obligor rrow or af any time hmeafter in the pos- session of Bank in any up~oiy whatsoever, incfuding but not limited to any balance or sha~e of ~ny deposit, trust, or ag~ncy sccovnt, - as the s~curiry for the p~yrt~enr of this note, snd a similsr tien upo~ and securiry interest in sfl suchp~ operty of each IVtaker as security = for the payrnsnt of all >the lisbilities of each Maker to Bank (incl~ding lisbilities of each Mske~ and any other pe~son); ~i~d 8ank shall bave the sam~ riyhn as to such property a it has with rcspect ro the Collate~al. If Banic deems itself in~cws w upon the occu?rencR of arty defa~lt hereunder Bsnk sFiall have the toreclowre and othsr remedies _y o uf s secwed psrty under ths Unifwm ~ommercial Code, or other applicable law and, without limitin9 the yenerality of the forepoinq, ~ r, Bsnk shatl have the r'~qht, immedisroiy snd withovr fur~her acrian by it, to set off aqainsl this rate a!I mo.tey owed by Ban^k ;n any cr ~ U psciry to each a any Maker; ~nd if stxh s~t olf shall oaur, Bank shall bs deemed to have eaercised such riflht of set off and to have - v msds a chsr~ ~gainst arW such rtwn~y immedistely upo~ the ou~rrence o} wch defaulr evcn thou9h svch charqo Fs m~de M en?ered ~ ~ on the books of Bs+?k wbxq~ent thereto. Unless the Cdlsrenl is perishable or thrcatens to decline speedily in vslve or is of a fyps ~ y ~ customarily sold on a reco~nnd ma.ket, 8ank will g'rve Make~ reasonable notice of the tims a~d plxe of any p~rblic sale the~eof a of ~O ~ : the tirr~ alt~r which any priwq sale a amr other infended disposilion thereof is to be m~de. The requirement of reasonable notice shsll ' Q~ ~ be met if such nWice is m~ifed, postsye prepsid, to any Maker at the address given below or at amr other address shown on the rec- ~e ~ ads of the 8ank, at bast fiw day~ befo?e the time of the ssle or disposition. Upon d~sposition of any Collateral alter the acwrence ~ J; c~ of ~~y deiault herevndsr, N1~ker shall be and remain li~ble fw any deficiency; a~+d Bank shall account to Maker for aMr surpl~s, bvt ~ J 8~nk shall Mvt the ripht ~o apply all a:ry pa?t of such swplus (or lo hold Ihe same as a reserve syainst) any and all other lubilities ~ ~ of exh w anr Maker fo B.nk. ' = ~ No del~y a omission on the part of Bank in exercisinp sey riyht hertunder shatt opente as a wa'wer of such rigFet or of ~s~y osikr ~ _ ~ipbt und~r this note. Pr~sentmeM, demand, pruteyt, not~ce of dishonor, end eatension of time withovt notice a~~ here6y waived by ~ esch and ev~ry Obli9or. Th~'ObY~on, ianrly and ssve~sllY. prom~se er?d apr~e ro p~y alt costs of coltection snd ressonabla anorney~ <t' fets (not !eu than 1C% of the Arincipal sum) incuned or paid by 8ank in enforcinq this nWe upon the acvrreno~ of any def~vlf. ~ My nolin ro Maker shall bt wfficiently serv~d for atl pwposes if left vpon w placed in tMe mail, postage pepaid. add~tssed to th~ ~ J ;L premis~s at tFk ~ddi~ss sFwwn below or any otFitr ~ddress slwwn on 8ank~3 tKpdt. ~ Wher~vsr th=s note is e:ecuted by a co-maker o? e~~dwssr who is the wife of ' maker or ser, the aid witf doe ~ r~by ~x• ~ ~ pressly xknowled~e ttw within debl as Mr joint and individval deb1. - E+cl~ af Nl~ker ~eknowbdgts raceipt of a canplNed copy oi this above ate. . G ~ ' y ~?dd..~:: _421 Gasparilla Ave. ~ ~ o Edwa.r es _ a - - ~ - ~ f " Port St. Lucie, Fla. . ~ ~ ~ _~t-t~. ,L . . ,{~Q - : ~ Virgini~ Mar~ Swanso his wife ~ - - _ • ~ . ~ x:~ . . _ ~ - - ~~~~.~~-~~;,r~,~.~ _ . - - .t... . ~ ~ ~~a'~~' ' _ ~ 5=~ - -