HomeMy WebLinkAbout0984 • ~
upoe? tM occv~rMp ot an wN?t of d~fwlt, tl~ Bsnk miy ~mtitut~ app~oW iat~ Ipsl P~ocMdi~ps spsinst th~ Obliyors to obuin judp~Nnt o~ tM Noa ~r+d/
o~ ex~~cis~ iq riphu and nrtwdia a ~ s~cund ptrty u~ tM Flwidi Unifwm Corney~cial Cod~ a otMr ~pplicabl~ I~w. I( tM Bank hst dNrtwd itsNt ins~cun
or upon tM occu~n~cs ot ~n wMt ot d~fwlt, tM 8snk sh~l1 Mvr tM rpht, inwrNdiaaly ~nd without turtMr aetion by it, to s~t ot/ spsinst thit Note all moMy
ow~ed by th~ 8ank in MY capatrtll ~o Mch and ~M? ~b~Mlo~. a^d also to wt o1f p~i~t all othM li~biliti~s oi ~acA M~Ic~r to th~ Bank all mon~y ovwd by tM B~~k
~ n any cs~ciq to wch ~ed ~nY N4ker, ~nd tM 8ank thMl b~ dMm~d to h~v~ ~xKCit~d wch ~qht of s~t ofl snd to Mw m~d~ s tMry~ ap~inst iny wch monty
,m,nsdisiNy upon tM oocu.r~nq ot yuch d~twl~ ~wn thouyh such charq~ i~ rtud~ a~ntK~d on tM books ot tM B~~k wbspwnt chs.~to. Unles~ tM Collat-
e~al ~s pe~isAabl~ a th~~atK?s to d~tlin~ tp~~dily in vslw o~ is ot a typ~ tuttwnuily toW on ~ t~eopniz~d rnuk~t, tM Bsnk will yiw tht N4kK rqsorubb notia
of che tirtM M~d p~ac~ of ~ny publiC tsN dNnof a tM time attN which sny privaa s1N a a+W othK inued~d dispositioo ther~ol is to bs msd~. Th~ rpui~~
~„e~~ or ...~o~+.a. ~ot~o. ~na~i a ~t wc~ n~no. ~ m.~i.d. oo~aw aw•a, to any Ir4b~ ~t tM sddr~ts qiwn bslow w at sny otMr addrets shown on the
~ecords of tM Bank, at latt S dayt befoh tlN twrn ol tM falt or ditposition. l~on ditpotition of any Collst~ral a(ter tM oocur~~oq o( soy dtiault, the
Obtigon shdl b~ and r~»i~ ja~tly and s~vt~ally IiabN 1or sny ddiciMCy. TM Bank sAsll ~ceai~t to tM MakK fw any wrplus but ths Bmk sh~ll hsw ths right
~o apply all w ~ny pari of wd~ wrptus (or hold tM s~ ss a rtsKV~ sgainst) any and dl othK liabilit~es of ~sch a~d any Obligo. to tM Bsnk. TM Oblpors here-
bv ,~ivr any r~hn of r~mpcioo afc~. d~hule. -
q11 partia lisbN fw tM paym~nt and colNction h~rooi: (1) spne to paY ~xPe~s~s inn+r~~d or paid in th~ protaction of Collateral a ~he enforeement her~-
of, wh~thK tM Bsnk is oblipand t1+H~fa a not, includiny stto.nw i fa~s pw1 to 10%ot t1» ~moune in ddauli a wch tsryer smount u msy be ressonsb~e
tor sstviC~i ifld ~xp~fltli ~nturr~d in tIN M1prtlrtl~nt ht~~0( tiHN~ p~10? Or fubtlqUM?t t0 jYd~RIM1t Md wMthN i11 judiCial prOCfldin9f Or OthNW~W, uid slso
those cOftt. pfpMf~! ind tNfOMW! iltO~My t f~K ifKUfttd in 7ppNl~tt prOCMdilgf: ~2~ Wiivf p~ffMtfMflt f0~ piyfflfnt. dflnind, tfOtit! Of flOf1-piyrt?ff~t, .
no~ice of prot~sl and protest o1 tha Noa: (3) co~sent to snd wsiv~ notiu of any snd all re~evwls w~xtensions of tims, wsivers, w modificatia?s that msy be
qranted by tM Ba~c with resp~ct to the paYrtwnt or other provisions ot this Note or to th~ rthase of sny Obli9w or tM Collatersl a aMr psrt Menof, with o?
w~thout wbstitutiort; Md (41 sprM thst sdditionil mtktrs, endorsers, guarsntors w wr~tia may betom~ parti~s htreto without notice to them a affectiny thtir
I~ability hN~11ndl~. -
The B~nk m~Y at ~y time in its sole discretion ca~omis~, settk a extend the time ot psyment of any of the dert+ands w obtiyations, repressnted by sny
of the seturitNS pNdg~d hereund~r snd ~II Ot Me psrties liabb tOr the paymMt Mrooi henby msk~, co~titute and appoint the Bank, his or thei~ t~w and lawful
atcorney tor this purpose wich full pov~ and sutlwrity to co+np?omise, settl~ or exte~d palrmK?t ot said de~nds w obligacia+s and ~o acquir~, satisfy or dis-
cnarge tM sam~ ot ncord or oth~rwise ss th~ psrtia lis01t for tM payment or coll~ction hKeot might or eould do i( personally present. The Bsnk shall not be
undPr any lisbility or obligation to tske any st~ps whatso~v~r to fix any lisbility upon w to coltect w to enfwce payme~t ot any obtigstion pladged ss security
~u u ;
hereund~? whttMr by qivinq s~Y ~otit~, p~a~u+tiny, dtrtyndiny psyment, protating, i~utituting wit a etherwise. -
The Bs~lc shsll not by sny aCt oi omission or commission be daemed to waiv! any of its rights w retnedies hereunder unleu such waiver shall be in writirg ~
and sig~ed by tM B~nk s~d then only to th~ extMt specifiqlly set fwth therein: a waiver on one event shall not bs construed as continui~g o~ as s bar to or ;
wa~ver of wth rigAt o? remsdy on s wt?seGue~t eve~t.
The liability of esch OW ipor shsll be absolute and uncw~ditionsl and without rtgsrd to tAe lisbility of eny other party he?eto. Any notioe sh~ll be wtficitnt-
iv served upon all Obliyws by ssrvi~+g wd~ notice upon sny one Obligor. The notioe ~hall be wfticiently servad if placed in the mail, postage prepaid, addressed
to, or lett upon the prem~ses of any Oblga at any sddress show~ on the Bank's recwds.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION ~
EACH MAKEH ACKNO'MILEDGES RECEIPT OF AN EXECUTED COPY OF TMIS NOTE N T BOVE DATE.
_6~ M.~..wlr~a 4~~7 (SEAL)
ADDRESS SIGNATURE OF MAKER
(SEIa
AODRE55 ~ SIGN RE OF ER
Ath~y.
ENDORSEMENT
In addition to the liability as endorsers, whicfi the undersgnecl hereby aswme, for value received a~d inte~ding to be kgally bou~nd, the undersigned land if
mo.e thsn one, exA ot them ja~tly and se~re~.ally) (s) hereDY unconditionslly~guarantee the payment of the within Note and all exte~uio~s or renewals the~eof
and all wmt paysbl~ undar or by virtue Mer~of including, wiMout limitatio~, 'sll si»ounu of printipal and interest ar?d all expenses (including attorneyi tees,
vahether inwrred in trial or appolate proosedirgt) incurrad i~ tM cdlettion thereof, the enfor~nt of rights thereundar a with respett to any security there-
f or a~d the enforcament Aereof, and waive prosentment, den?and, notice of dishonor, protest, notice of protest and all other notices whatsoever; and (61 consant
i and agrce that thay sre bound as Oblgon under tAe cerms of snd are wbject to all p?ovisions set torth on the faet of said Note ss futly as thagh they were esch
a Maker thereof, snd to the exercise b1r the holder of esch and every rigfit therein set forth or permined by law, all without notice to or consent of snd without
j affecting the liability of the urde~signed, snd further toraent and agree that any of the undersigned may be wed by tl?e holder hereof with or without joining
~ any oi the otl?er e~dwse~s w Makers of said Note and without first or cw?temporaneously wing arry wch other perso~s, or otherwise seeking or prooeeding to
E coilect irom them or any of them.
~
1
i
~ (SEAU
j ADORE55 StGNATURE OF GUARANTOR
0.
~
~ ' (SEAI) .
ADDRESS SIGNATURE OF GUARANTOR _
~
z~
~ •
~
~
~
~
~
~ ~ ~83 ~
~ aoaicz~ P~
~
~
~
~ ~ ~ • . ,
~ ~