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llpon c1w occurr~ ot ~n w~n~ ot d~fwlt, th~ 8ank may ini~i~ua app~opian bpN p~ocMdi~ apu~ui ~M Obipw: co ob~alo judprrrn~ o.~ ~M Noa and/
or ~xucu~ its rqhts snd nm~dNS rs a s~w~~d p~rty undM th~ Flaid~ Unifo~m Cortwn~rci~l Cod~ a othN applicabl~ law. Ii tM 8ank hs~ dwnNd ,t~lt in~cu~~
or upon tIN cocu~nnp ot an w~nt ot dttault. the 8ank shall Aavr tM ripAt, imrn«li~tNy ~nd without furtMr ~tion by it, to Nt ~ft ~yainst tAa Nott all mawy ;
owad b~r th~ Binlc i~ aey cap~ciri to ~sd~ and any Oblqw~ and ~bo to s~t oft ~ina all oth~r liabilitip of Nch M~kK to tM Bank all mon~y ow~d by th~ gank ~
~n aMr Capatity to Nch ~nd iny MakK~ ~nd tM Bsnk ~hall b~ dMm~d to Asw ~xKCit~d wch ripht of Mt of/ ~nd to 1?~w rtwdt a cMr9e painst any wth monry ~
~mn+ediuNY ~POn th~ oau.rtno~ ot ~ d~fwlt ~vrn thouyA wch chsrp~ is rt~ or tnttr~d on tM bookt oi tM B~~k wbspw~c thK~to. Unl~u tM Collat-
e~ai is puahaW~ or ~hrcat~ to d~clin~ ~dily in valu~ or is of a typ~ custwn~rily sok! on a noop~wz~d mrrk~t, cM Bank will 9iv~ tM MakK rWSOn~bN natip
o~ ~h. ?in,. and p~se. ot sny puWK saN cM~~of o. ~M ~im• sic•r whid? any privsa ~aN a any och.r inttnd~d di~position t1+Kwf i: to b~ m~cN. TM .pui~~-
me~t ot ~t~onibl~ rwtieM sM!! b~ n~t if wd~ notioe b m~ilM, postap~ prpaid, to any N41tK ~t tM dd~~ts giwn bNow or at any othK ~ddr~q shown on tM ?
records ot tM Bank, ac Nsst 5 d~y: bdon tM cwrn o1 tM ssl~ or daposition. Upon di~position of any Collaural s(a. tM occurr~ o( ~ny d~i~ult, tht
Obligon shall b~ ~nd rert~an joi~tly sM ~NIy liabl~ for ~ny d~ficiMCy. Th~ gi~k ~hsll socount to tA~ Makt. for ~ny wrplu: but tM Bank shall harr tlw ~ipht
~o apply sq a any Wrt of weh wrplus (or hold tiN s~nN a a nss~w s~iiut) any ~nd sll othK IiabilitiK ot sach and anY Ob~igor to th~ Bsnk. TI~ Oblqor~ hen. f
bv w~iM any rphts ot r~mption attp dtfault. • - ;
All p~ti~t liabN to~ tM piyrn~nt ~nd tolltCtion henof: (11 ~~s to psy all exp~?ps ioCUrnd ot p~id i~ tM P?oteCtion ot Co11~tKa1 Or tM ~niorq~rNet hen- y
of, vrhethu tM Bsnk is obligatsd tMre(a or not. intludinp ~ttortNy's tNt pw! to 1O~Xioi tM amount in d~tault o~ such larq~r imount ss m~y b~ nssonaW~
tar se~vit~s snd ~xp~ns~s i~w.y~r~d in tM enfort~nt htteof ~iiMr prior o? wbspu~nt to jud~nent a~d whsther in juditial (xot~dinps or otM~wisO. and al~p +
ihose costt, ~xp~s and r~sso~aW~ sttan~y's fNS intu~nd in sppellsta protNdinpt: (2) wsive p?tsa?tm~nt ta psYrn~nt, demsnd, notitt of non-payment,
noi~ce ot proast and protest of ehis iYote; (3) consent [o ancl waiw ~otioe o! any snd aU renhwls or ~xansions of timt, waiv~s, o. modifications that may b~
grantad by Ms Banlc with respeCt to tl~e payme~t or othe? provisions of this Not~ or t0 tM relesse of ~ny Obli~or or tM Collstltrsl o~ ~ny part th~of, with or
w~cnoui wbaitutioe; and f1! sgr« ~hs~ sddi[ior~sl mak~n, endorse.s, gusrsMOrs a wr~ti~s may b~com~ par[i~s he?eto without notice to th~m or aftectinp th~
hability Itlr~yfWp.
TAe 8ank mry ~t a~y time in ets sola disaateon compromis~, settb a extend the time of paym~nt ot s~y pf the demsnds or obliystio~s, repnse~ted by any
ot ihe secyritiaa pMd~d he?~under and sll of the psrties liabls tor the payment her~of hereby mslce, co~utitute and sppoint Me Ba~k, his or thtir tn~e and I~wiul
a~cwnsy tor tha purpos~ with futl power and authority to compromiss, tettk or ext~nd psym~nt oi ssid d~rnands w obligstions srd to aoquih, qtisfy w dis-
charqe tM samt of record p otbawis~ ss the psrties liabls fp~ the psyment ot collectio~ herwi migAt or tould do ii persw~ally presMt. TM Bank shall not be
unde. any lisbility a oblig~tio~ to take a~y steps whstsoew~ to tiz eny liability upon or to tolbet o~ to enforte paYrne~t of any oblpstion Pled9stl ss sacurity
hereundK whttM. by 9M~9 ~Y ~tia. pref~nti~g, dtrtundi~g p~yment, protesting, i~ntituting wit o~ otherwiss.
The 8snk sAsll nOt by anY act of pmissipn~ p~ cpmrnitsion be deemed to wsive any ot its rights pr rert~edia hereunder unlets suth waiver shatl be in writirg
arxi siqnsd by ela 8snk and then only.to tl~e sxtent specificatly set forth therein; a waiver on ooe event shall not be conscrued as continuing or as a bar to or
wa~ve~ ot wch right or ~errndy on s wbscquent event.
The liability ot ~sch QWipcu shs11 be absolute and unoonditional and without regard to the liability of any other party hareto_ My notice shall be wtticiMt•
tv ierved upon all Oblgors by servirg such ~otice upon a~ny one Obtigor_ The notioe shall be wfficie~tly te?ved 'et placed in the msil, postage prepsid, sddressed
e o, w kit upon the premises of any pbl;gor at any adclress showo an the 8ank's reco~ds.
NOTICE: SEE OTHER SIDE FOR IMPORTAN7 INFORMATION
EACH MAKER ACKNOW~EDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE.
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~0 Nor~th FOr'k IW•s Stu~ts ~L. 33494 EAL !~"K
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ADDRESS • S~GNATURE AKER
- At~l~ne B. Kt~ut
(SEAL)
AODRE55 SIGNATURE OF MAKER
ENOORSEMENT
In add~tion to [he Iwbility as endorsers, which the u~?dersig~~ed hereby aswme, (or value ~eceived and intending to be legally bound, the unde~signed taod if
mo*e tF.a~ one, each of them jaintly and severally) (si hereby unconditanally guarantee the payment ot the within Note and all exteruions or renewals tl~ersof
and a~~ wrr~ payaDie under w by virtue tf~eof including, without limitation, all amounts of priaeipsl and ;nterest and all expenses Iincluding attorneys' tees,
whether intutred in trial or appellate procleditgt) incu~red i~ ths tdleUipn thereOf, the l~force~r~ent of riyhtt thereu~dRr or with respect to any sscurity tt~e-
tor and the enforcement haeof, snd waive presentment, dema~d, notice ot dishonor, protest, rtotice of protest and all other notices whatsoever; and (b) consent
and agre~ that they are bound ss Obligors under the terms ot and ere wbject to all provisipnf set forth on the fact o! ssid Noie as fulfy ss Mqgh they were each
a Maker thereof, and to [he exercise by the holder oi exh s~d every right therein set forth a permitted by law, all without notice to or consent of and without
atfeetirg the liability of tl+e undersi~~ed, and fu~er tonsent and agree that any of the untkrsignad may be sued by the hotder hercof with or without joining
an~ oi tAs othes enctorsers or Makers of said (yote and without first or tontempaaneously suing atry wd~ otber perspr?s, or otfie?wise seeking p proteeding to
coilect irom them or any of them.
(SEAL)
ADDRE55 SIGNATURE OF GUARANTOR
(SEALi
ADDRE54 StGNATURE OF GUARANTOR
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