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Home My WebLink About0280 Upon the occurre~ce of an event ot ~lelault, the Bank m,~y ~nst~tute app~op~~ate 1s9a1 pioceeauyc.gax~se :nt Cic-~,.:~s ~o ~wu~n ~uoyr~t~~ w? ~~e Note andl e,cerc~se ~ts r~9hts a~d remed~es as a secured pa~ty urnlor tne Flor~da Un~fam Commnc.~+ (~ot a o~ avp~.c~r.e ~.:w ~n~Ba.~ ?ws deMxd ~ix~~ ~^sec~'e upon the occur~ence o~ an even~ ot default, the Bank shall hav~ the r~ght, ~mrnedwt~llr and w~tf+an fwd~+ x:~.~+ q~t, e+~ ssi ofi ~ya,r?st th~s Note all money ;,ved by tM Bank ~n any cspac~ty to aach and any Ob~~gor, and also to set oN aga~nst sr1 oMa ~.aD++~cas o4 ~ W~?e< <o ~~e Banl~ aN mor?eY owed by th~ Bank a~~y capacity to each and any Maker, and the Bsnk shall be daemed to have exe~c~sed wch rgni d se+ aft ae+a m eas,~e r*s~de a ct+ug~ aga~Rst any wch money ~-~,med~ately upon the occurrence of such de~ault eve~ though wc~ charge ~s made w a+iaed on t~e ooo~~ d s~ Saerc ~,.o~+t d~ereio. Unless the CoUat- ~~~~i +s per~shaWe o~ Mreate~s to decNne speed+lY in vaiue w is ot a type customardy sold on s recoy~rred R+arte~, aae Ban+~ rw~i g~ve cn~ Mak~. reasonabk notice „f ihe time and plac~ o( any public sak therwf or the um~ a(ter which any Private saN w anY o~ r~~ano~d o~spos~uon U~areo~ ~a to be rt~sd~. TM reqw~e- ~,~en~ ot r~asonab{e not~ce shall be met rf such nouce is ma~led. postage P«Pa+d. to a^y I~ls~ca a~ d+e ad0'ra 9r.ee' be~°M' at sny o~he. sddress show~ on the ~rcords ot Me Bank, at least 5 days beforo tAe time ot ~he sale w d~spos~~wn. llPo~ d+~pos~t.a+ oi a~r Co+ut~*~c >>~K t~e occw~e~w ot any de(su~~, the ~bl~go~s shal) be and ~emam joinUy and severally 1lable ~a any def~ciency. The Bank sfwll accou~i to the t~Wca for aeN surplus but the @ank shall hav~ the ~~ght cu apply all o? any pan of such surptus (a hold the same as a reserve agamstl any arxf all othe. ~ubd~t~es of sad+ ard anti OWyor to the Bank. The Oblgors here- hy wanre any ~ights of redemptio~ after de(ault. All parties liable for the payment and collection hereof: (1) ag~ee to pay a11 expenses ~ncu~red o~ pad .n [1+e p~ocsaw~ of Cdlats+al w d~e e~forcefnent here- .~t, whetha the Bank is obligated the~efor w not, including attwney's fees eqwl to lOXof tt+e an~o~.nt w~ ae~a+Mt or sud+ ?xge~ arnou~t as msy be ?easonable serv~ces a~d axpe~ses ~ncurred in the enforcemer?t hereof e~ther p~ior a subsequent to ~udyr~au snd rN+cd+e? rdc.ai Draeed~s « otAe.wise, and also ~hose costs, expenses and reasonable attorney's fees incurred in appellate proceed~ngs: 12! wsare O~ese~?tmenc far pa~ment, derrw+d, rtot~ce of oon•paymeot, ~r.ce of protest arxl protest of thls Note: 13) consent to and wa~ve no[ice of any and s1i ~erKwls o~ ez~~s+o~ of i~r~e, r~a~re*s, w R+od~~~catwns that may be a- an~ed by the Ba~ic with resPect to the payment or other provis~ons of thK Note o. to c1?e ?etiease o~ rerlr O~.go? o~ t++e Cd~ata:~ w snv Dxt thereof, with o~ ..~~nout substiwuon: and (4) agree ~hat addi[ional makers, endorsers, gua~aotors a w~et~as may be+c.o?n2 W?t,esfiaeta w~chcwt nonce co Mem or alfecang their i~ai~~hty hereunder. . The Bank may at any time in its sole disc~et~on compromise, setUe o~ ax~end the c~me o~ payment of anr a~ c++e oerr?inos a oWgat~ons. represented by a~y i ~he securities pledged hereunder and all o~ the pa~ues liable tor the Payment hereof hereby malce, co~xtaute and appe.nt d+e Bank. h~s o? che~r true and Iawiul .~~eorney fo? this purpose with lull po~ and authority to comprom~se, settle or ez[end psYment ot ad de~ns*+ds or c~dgotwns and to acqu~re, satisty w dis- ~na~ge the same oi record or othe~w~se as the parues liable ~w the payment o. coUecuon he.eof Rayht or cowe do ~f personsNy p.esent. The Bank shall not be unde~ any liability or obligatio~ to take any steps whatsoeve~ to f~x any I~ab~l~ty upon or to cotbct o. w e~farce psYment ~f anY ob?gauon pkdged as security r~r~ eunder whethe~ by giv~ng any notice, p+esent~ng, demanding Payment, protat~ng, ~nstitur~ng swt o~ oct~e,w~r- The Ba~k shall r?ot by any att ot omission or comm~ssion be deemed to vra~ve any ot rts r.~u o. ~~e+cuao~+ unsess s+uh wa~ve* shal~ be in writirtg ,~~d s~gnerl by the Bank and then onlY to the extent specifically set toreh tAe.e~~; a wa~ver on one trent stW~ Oe torut~ued is cont~nu~ng w as a bar to or ,::,~ver of such ~ight or remedy on a subsequent event. The liabitity of exh Obligcx shall be absolute and uncor?d~tio~al and w~ihocit regard to Me 1abtl+~r of anr oz3+~ prrr ?+eram- Anr nouce s??all be wtficient- ~v served upon all Obligors by serving suth notice upo~ a~y one Obl~gor. The not~ce shaH be wtf.cerstly svrea .f a:a~ed in che ma~t, pos[age prepaid, addressed or leh upon the prem~ses of any Obligor at any address show~ o~ the Bank's records. NOTICE: SEE OTHER SIDE FOR IMPORTANT 1N~ait1lAATiO~E EACH MAKER ACKNOWLEOGES RECEIPT OF AN EXECUTED COPY OF THlS ?vOTE OM THE A80~E ~TE_ R. R. •2 Hiliday Out lSEAUZ - ADDRESS S;~T~TLRE OF NAKEii 1~iARfZ1i E. k~SS JeaseD Beach, FL 33457 ~sEA~~ AODRE55 . S+G'-ti:aT:,RE OF MAKEFi i j ENDORSEMENT ~ ~ In add~t~on to the liability as endorsers, wh~ch ihe unders~gned hereby aswme, iw vaiue recrrweo and r+~ena.ng to Le ~y Dound, tAe u~ersgned (and if F ~,o~e than one, each ot them ~o~ntly and severally) (a! he~eby uncondit~onally gua~antee tfit paymex+t o1 tl+e +ati~+r+ l~wtc and ail eateruwns or re~ewals thereof nd all sums payab~e under or by v~rtue thereof including, without hm~tauon, all amounts of pnecpal ano .n~rat x+d ali e~per?ses (inciuding attorneys' fees, ; :.nether incurred in tr~a~ or appellate proceedings) mcurred in the coflect~on thereoi, the eniorcert~nt of rq~cs u+eseunc~er o• ,n~th .espect to any security there- . ~ end the ento?cement hereot, and ~ra+ve presentment, derr~nd, notice of d~shana, p~otest, rwt~ce of p~o~est i+d aW ott~e~ nocKes wlwucever; and (b) consent g ?:~ci agree that ihey are bound as Obtigors under the terms ot and are wbject to ai1 p.ovis~ons set fo.th an t!r fact oE sa~d Noce as fully as thagh they were eact+ ~ ~ hlake? thereoi, and to the exercise by [he holder ot each and every r~gh[ ti~ere~n ~t forth pr permrtted by 1sw. at! rrarou~ ~ot~ae ro w co~sent of and without ~ :~fecting the liabiliry of the undersi9ned, a~d further tonsent and agree tAat any et the unders~gned *rW bt si+ed b1! L'+~ ~~f with or without joini~g ~ y uf the other endorsers or Makers of said Note a~d without first w contertpo~aneous~r ~H+9 x+v ~+d+ o~he' ~xa- a od+e'r~e scekirg d proceedin9 to ~ cco!lect from ihem or any of them. 3 C '3 ~ ISEAv ~ ADDRE55 S'-G1AT4~E QF GUARANTOR t :t - (SEA~ SiG!~cA'.1RE Q~ GUARANTOR AODRE55 ~Y ~S ~ ~ ~ 9 ~ ~ t;; ~ ' ~ ~ ~ = la~~ f~rl ~"'~-'V ~ ^'r y,'P ~ ? ::,J _ ~ _