HomeMy WebLinkAbout0973 . ~ ~ . -
l~a~ tM octw~MC~ of an ~wnt ot d~faull. tM Bank msy instiwa appropriaa Ipal procNd~~yt aya~nst tA~ Oblgws to obta~n jvdynwn~ on tM Noa sndl
o~ exsras it~ riphta and nrt»dNS as ~ wcu~~d p~rty u~ tM Florida U~itwm CommKaal God~ w otMr Wp~~caE!~ I~w. If tM Bank has d~~d itsN~ ~ns~cw~
or upoe thi otcur~MC~ of ~n w~nt ot d~fault. tM Bank sAill Mv~ tM ~ipht. irtwn~dNaly and wiMout (urthN attion by it, to s~t otf sy~iMt this Not~ a11 ~qery
ow«f by tM 8snk M a~+y cap~tiq to ~ snd anr Oblpw~ ~nd also to ai of f a~i~qt sll othK lisbititih of ~acA MakN to tM Bank ~II momy aw~d by tM Bank
~n any espaity to sach and anY MdeK. ~nd tl+~ B~nle ~1+aN b~ d~+rwd to haw ~xwci~d weh rghe of s~t ofl s~d to M~re mad~ s eMr9t syaieat ~ny weh moe~y
~mm~f~atNy upoo ~M oocu~?a~a of wch dd~ult wM thwph wcA d~xp~ ~s n~ad~ a ~nta~d on cM books of tM 8snk wMpwet M~nto. Unl~as tlw Collu-
r+a1 is paishaW~ w thr~atMS to d~clin~ sp~«fily in valw a is of a typ~ custatwily sold on s r~copni:~d ma~k~t, tM Bank wi11 yiv~ tM Mskt~ rpsonab{~ notiq
of cM tim~ and o~sc.~ o/ any publie I~N IhM~01 O~ thf liltM ~ftN Whith ifly pfiV~N fNf Of N~y Ot11M i111~11d~d difpWlliOH tANpf q!O b~ fnid~. TM rpuir~
~ncn~ of ~ts~onsW~ eo~iw sAa11 b~ m~t if sucA eotic~ a m~itd. pastsp~ pr~paid. co ~ny QAa1c~ at th~ addr~u piwn b~low a ~t sey otMr ~ddnss show~+ on tM
records of Ms Bsnk, at Iw~t 5 d~y~ b~fon tM iur» ol 1M ssl~ a dispositioo. lJ~wn di~w~ition of sM? ColluKal sftN tM oeewr~na ol any ddault~ tM
OW go~s sAsll b~ snd rMrin joindy and fwrratly li+bl~ fw any d~liciMCy. TM 8~nk shsll scoount to tM MskN tw any wrplus buc tM 8~nk shall Mw t1+~ rqht
co avply a11 or ~nY p~rt of wch w~plus (w hold tM ~sn~ ss ~ res~rv~ piinsd ~ny ~nd ~11 otM. lis~ilici~s oi each snd soy Ob1gw. to tM Bank. TM ODlipo~rt h~n.
ey wsiw ~ny rqhn of .~d~mpcion a~a. d~tau~~.
AU puti~s liabl~ fa tM paym~nt ~nd colNctwn M.wf: 11) ay.N to pay sll ~xp~ns~s incurnd or paid in tM proaction oi Collsual or tM ~nforcqmnt h~n-
ot, w1~etM~ ~tM Bank i~ obli~t~d tMnfor w not, includi~p attwn~y't la~s pwl to 10~Lo1 tlw ~mount in ddault o~ wch tsrpN anaunt as msy b~ rtMOn~l~
tw sMVices snd ~xp~t?t~s ineurnd in tM ~nfortNrnnt h~~of tithK priw or wbspuMt to judynNet ~+d wh~tMr in judicisl prooNdinys w od~wi~, and N:o
cnos~ costs. exp«ws snd nswnab~~ actornw's t~p ineun~d in sppN~at~ p.oce~dingt: (Z) wsiw w~u~~ ta paym~nt, d~msne. nocia ot no~~syn»nt,
noi~ of potKC and p~otat of this Noa: (3) consen~ to snd vw~w notia ot sny snd a11 r~~wwls w~xtensions of eim~, waivNS, a moditipcions chat ewy 0~
qrantM by thi Bank w+M nip~ct to tM paym~nt w oMa~ provis~aa of this Noa or to tl» n1w~ of ~ny Obli~a w tM Co1lst~rsl w any prt th~rwf. witA a ~
w~chout wbstitucioo: snd (4) a~rN thst additionsl m~k~n, sedor~s, 9wrsntors w wnties may b~ca~ parti~s hK~to withouc notiq to cMrn a sfhc~irg tAw
Iiability hN~u1~dM. ~
Th~ B~nk m~y ~t s~y Nmt ln ia sol~ disu~tion compranis~, s~ttN w ~xcend tM [im~ of psyrtwnt of sny of t1+~ d~mands w obliq~tam. npn~nnd Oy ~ny
ot ~he aecuriti~s p4dy~d hKwndK sed atl of th~ pa~cia liabN to~ th~ payrnMt Mnof Mnby msk~, tonstitut~ snd appoint M~ Bank, his w th~ir t~w and lawful
acio.e~y for this pwpos~ wiM bll powM snd ~uthwity ~o con+prortws~. ~ettl~ w extend P~Nm~nt of said d~maods or obli~tani sad to ao0uwt, s~tisty o~ dis-
charge tM sanr o/ ncord or otMrwi~ ss tM ps~ti~s lisb4 fa tM paym~nt a eoli~ccion herwl miyht or couid dQii personslly pns~nt. TM Bsnk sAall not b~
und•.. any lisbitity or obtiy~tion to qk~ a~y scps wha~~ co fix sny lisbility upon w co colNct a to ~niwce paYm~nt of sny obli~tion Ph~fy~d ss fKwitY
Aerwnd~r wMtha by 9ivi~g ~ny notit~, pr~ntinp. d~RwtWi~g paym~nt, prot~scirg. institutiig suit o~ othNwis~. ~
TM Bank shsll eot by sny sct of omission w eaMni~sion b~ d~nad to wsiw ~nY of its r'~q w remtdies he.eunde* unl~ wch waiwr ~hs(1 b~ in w?iwg ~
and sig~Md by tM Bank and MM adr to M~ ~xtau ~~tifieNly s~t foM thKrin; ~ w~iv~r on ont eNnt shall not b~ tonstrwd as tontinuiny or ss ~ bar to ar •
Ma.iver of wM riyht a?eemdy on s wbMquMt twnt. _ ~
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Th~ liabili~y of weh Oblipor ~hMl b~ sbsolun snd ue~oa~di[ions~ and wiehoui nyard co en. lisbaicy ot sny o~M. pa.H h.n~o- An~? no~~a s1N11 b~ ~uttiei~na ;
Ir serv~d uPa+ sll OOlgas bY sMVie9 wcA notia upon sn11 oM Obliyor. Th~ ~otia shall b~ wHieiencly mv~d iI plsad in th~ msil. Dostsg~ P?aPaid. ~dd~aMd -
to, w Ntt upa~ tA~ pnn++s~s of any UWiya ~t sny addr~ ahown on tM Bank's retords. ;
~ . NOTICE: SEE OTHER SIOE FOR IMPORTANT INFORMATION
EACH MAKER ACKNQWLEOGES RECEIPT OF AN EXECUTEO COPY OF THIS NOTE ON THE ABOVE ~ATE.
IOZ4 L'Y'~reSS. t]BRt~+~+. MI 494ZS ISEAu
ADDRE55 IGNATuU-R,E, OF MAKER _
" Q • ~A76~ ~ .
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(SEAU
- A~ORESS - S AT RE OF MAKER
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- . ;,htrle~I t~. ~ibe'.:Str'd
_ ' ENOORSEMENT .
, In addicion to th~ liability as endorsers. whieh cM u~dasgned Mreby aswm~, fw vslut reo~ived and in[e~ding to be legatly bound, tF~ und~rsgned (and if
mo+e than on~, a~ad~ of tMm jantly and s~verally) b) MnbY uncw~ditioaslly 9uan~t~e the PaNm~nt of the within Note and sll ~xtuaian w r~newsls d~~of
~ a~,d a11 suma paysbb uadM or bY virtu~ therwf includirg, witi~out limibtion, a11 smouna of principal and incaest and all exp~nses (induding stto.neys' te~s,
I wheche. incurrad in trisl ar appNtsn p?ocMdinps) incurred in Me coBeetion thereo~, Na enforce~nenc of ~iyhn chereur+der or wich respect to ~y s~ouriq tb~n- .
; for and the ~ntorcemMt hereof, snd wivs presentmant, d~rn~nd, noGu of dishonor; pronst, not~ce of protest and all other notices wNsnoaver; and (b) consent
~ and ayr~e that Mey an bound ss Obli~as urxkr tM terms of snd ar~ wq~et to sll provisions set fonh on the fsct of said Note ai fully as tho~gh thty ware ead~
~ a iNaks tM.wf, snd to th~ ezercits bY tM holda ot e~ch snd evsry riyht therein set fwtA w p~rmittsd by law, all without noC~u to or coment of and without
aftecting th~ lisbility of tM undsrsqrwd, s~d furth~ oomMlt and a9rar thst any of the undengned msy be wed by the holder hueof with a without joininy
any of tM otAar endonars or Mak~rs of said Note snd widwut firsior contempwaneously wing any wch other penons, or otAerwise seeking or prooe~dinp to
~ coilecc from them w sny of MNn. . .
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~ ~ ADORE55 - StGWATURE OF GUAW+NTOR -
ISEAU
ADORE55 SIGNATURE OF GUARANTOR
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