HomeMy WebLinkAbout0965 tlpon tM ocew~~+ct of an ~wnt of d~iwlt. tM 8ank m~Y ~MUtua appropnat~ Np~l procMdiny~ aQurat tAt Oblpors to obtain judprtwot on tM Noq ~M/
or •xKCi» ia ~iqhu u~d ~Nmdia es ~ s~wnd Wrhr undK tM Florid~ Uoiform Commuciat Cod~ a oclwr applicrbN law. If cM B~+k Aas dNrtwd ~~wlt ir?~cur~
or upon tIN octur~~tiq ot M Mat of d~fault, tM Bank ihMl l?~v~ tM ri~t, imnwdi~tNy ~d without furthK xtio~ by it, to at olf ap~inst this Not~ all moMy
ow~d by tM Bank i~ capacity to Nch ~nd anY Ob~gu?. ~nd also to Mt off ap~irut ~II oth~r li~biliti~t of ~ad~ ~AskK to tM B~nk sll monty owM by tM 8ank
~n sny ca~city to Mch and ~+y INikK. ~nd tM Banlc ~hNl b~ d~NtNd to Mw ~x~ci»d wd~ ripht ot t~t oft and to hiv~ rt?~d~ ~ ths~q~ ap~iMt ~ny wth morny
~mm~diatdY ~~~rMp of wch d~fault Mn thaqh wd~ dwp~ n nud~ or ~ntK~d on tM books of tM Bank wbspwnt tMnto. Unl~ tM Coll~t-
eral a pKi~.'wW~ or thrMtf~lf t0 d~C1iM ~Ndily if1 WIW Of if OI a typf CYftOrtl~tlly fOld Of1 ~ f~0001Mtb ftNfk~l, tM 8snk will piw tM Irhk~r r~esonabN notia
of th~ tim~ and plaa of arw wib~ic s~M th~~of w th~ tinr aitN which ~r?Y M~ ~ a~1l o~ i^t~^d~d disposition MKwt K to b~ rtud~. TM rpuin-
ment of rWaonibla eotia fhNl b~ m~t if sud~ notia a nril~d. Posap~ P~~sid. to sny M~IcK st tM eddnss yiven below w st sMr othK ~ddr~ss shown on tM
recwds ol ths Bank, at Iss~t 5 daYs b~toh tM timt of th~ ssN a ditposition. lJpon difpoutio~ of ~ny Collattrsl afta tM occur~~na ot ~ny d~twlt, th~
Obliqors sMll D~ and rem~in jointly snd t~v~rdiy Ii~bN for any dtficieoey. Th~ Bank sh~ll sccount to tM N1ik~. (w any w~plus but tM Bank ~hall hsw tM rqht
co spply stl a anjr Wrt ot wd~ wrplus (or Aold tfw sa~ as a re~v~ sq~insd ~m? a~d s~l otMr liabiliti~s of ~ach snd any Obligor to tM Ba~k. TM Oblipors h~rr
by vwiw anY ~iqhts ot nd~mptio~ a(~K detauU.
At! ~tiss Ii~W~ ta tM paym~nt s~d coll~ction herwl: (1) aprN to paY a~l ~xpMt~s incu~r~d w psid in tM protection of Collstasl or tM ~nforc~ln~~t h~n-
of, wMtAer tht 8~nk is obliq~tsd thenfor w not, includinp ~tuxoey's tNS sqwl to 10%of tM ~mount in d~feult or such lary~r amount ~s may bt reaso~abl~
for servitts ~nd ~xpint~s intu~nd in tM MfatemMt Mnof ~itM~ piOt w subaQuMt to judyrr~~t ~nd wMther in juditial protNdinps or otherwits. and slw
thos~ costs. •xp~s a~d ~lason~bl~ attorn~y's f~p inturnd in sppNbc~ p?oce~dinpf: (21 wsivt p~tm~nt fw psYment, d~ms~d. notiq of no~-p~yme~t.
nocice of proast and Wotat ol this Notr, 13) cons~nt to ~+d vw~v~ noi~u oi ~ny snd a11 nnwwls a~xcsnsions ot tinr~e, wsivKS, a modificationi that msy be
granted bY the Bank with reapoct to th~ psymMt a otMr prwisions of this Notu w to tM nl~ase of ~ny Obligor w tM Collateral a sny part Merooi, with oF
without whsticutioo; snd NI sprN ~lun add~tio+rl m~ken, endorse.s, gu~?sntws or w~tti~s m~y b~com~ pa?ties Mnto without notice to tMm a aftectiny tMir
liability hN~und~r. _
The Bank msll at sny time in its soN disu~tion tompromis~, settl~ or extend the time ot paymsnt o1 sny oi the dema~ds w oWiqstio~s, r~p?tsentsd by sny
of ths s~cu~itios pl«fg~d Aerwndtr ~nd sll of d?e Pxties tiablt iw th~ psyment he~eoi henby msk~, corntitute s~d appoint the Bank, his a their true and Isvr(ul
attwney for this. purpos~ with full powar snd authoriq to com~omise. settN or extend paym~nt ot said cfemsnds w oblipstions and to aoquin, atisfy or dis-
charge the ssme of nco?d w otherw~se os tM partia liabN for che psym~nt w collection hereof might or could do ii pe~sonally pres~r?t. TNe Bank shsll not be
under a~y lisbility or obli9stia+ to tskt snll saps whatso~v~r to tix sny lisbility upo~ w to coliset w to eotwce payment ot sny obligation pNdgsd ss security
hereundlr whethN by 9rv~np M~Y notia. Pr~se^ti^y, ds+^~^diog payment, Protestinq, iru~ituiing wit w otherwis~.
The 8ank shsll not by anY sct oi omission or ooo~miuiw~ be d~ei*bd to wsive any of its rights o~ romedi~s 1?e~eunder untess weh waive. shsll be i~ writing
and sipMd by the Bank and then onty to the extent sp~aficslly set torth therein: a vraiver a? one eve~t shall not bs construad as continuing a as a bs~ to or
Nraiver of wch riyht a remedy on a wbsequent avent. .
The liability of sach Obligor shall be absolutt and u~ca~ditional and without regard to t1~e liability ot any other party hereto. My notioe shstl be wtticie~t-
~v served upon all Obligors bY savin9 such ~otioe uPo^ a^Y one Oblgo~. The ^otice shall be wificiantly served if placed in the msil, postsqs Prepsid. addresfed
co. a le(t upon the premises ot any Obligo? at any sdd~as shown o~ the Ba~k's recoFds.
~ NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOMVLEOGES fiECE1PT OF AN EXECUTED COPY OF THIS NOTE ON THE A80VE OATE.
3707 ~r~T` l~~ • A~~~. ~7Q3 ISEAI) _-~`~_i/.~..v-v;~ ~1
AOORE55 A7~7c~ S• ~1 Ie~E OF MAKER
' ISEALI ~7 ~
. ADORE55 • rw~~~ URE OF MAKER
wa
ENDORSEMENT
In addition to the Iiabitity as endorsers. which the untlersgned herebY astt+me. fw value received and intendin9 to be legatly bound. the undersigned (and it
more tlw~ one, ~ch of them jointly and seve.ally) (a) he.ebY uncw?dicionally guarantee the payment of the within Note and all extensions or rcoewals the?eoi
and all wrta payable under or by virtue thereof induditg, without limitation, atl snaunK of principal and interest and afl ezper~ses (intluding attorneys' faes,
whether incurred in trisl or appeltate proceedingt) inwrrod in the tdl~ttion thereof, the enforce~nent of rights thereunde~ or with retpect to sny security [hKe- .
for and the enforesment hercof, and waive presentment, dert+aod, notice oi dishonw, protest, notiee of protest and atl other notices whatsoerer; and (b) to~sent
i and agree that they are bound a Obligws u~fer the carms of and xe wbject to all provisions set fwM on the fact of said Note as fully ss though they were esd~
I a Maker thereof, and to the exe.cise bY tf~e holder of pd~ and every right therein set forth o? pe?mitted by 1aw, all without notice to w consent of and without
f atiecting the liability oi the u~dersi9ned, and furtAer consent and agrce that any of the undersigned may be wed by the holder hereof with or without joining
I any of the other endorsers w Makers of sad Note and without iirst or contempwa~eously wirg any such othar persons, or otherwise seeking w proceeding to
collect trom them a any of ehem.
(SEAU
AODRE55 SIGNATURE OF GUARANTOR
(SEAL)
ADDRE55 SIGNATURE OF GUARANTOR
* An 0.0384x ~di~ided iatarest 1e Tur~tla Reef Cond. I, recor~d~d 1n O.R. Book 263, Page
Z00'1... Un1t YeNc 2 1n Cond. D-24, Apt. No. 0-24 as d~scMbed in sald ~ortgay~.
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