HomeMy WebLinkAbout0731 lJpo~ tM occur~enc~ oi an ewnt of d~iwlt, tM B~~k may instiwte app~opr~aa Ipal p~oce~d~~ps ayaimi ihe Obl~po~~ to ot,~a~n ~udpmsn~ on ~he Noce ancl!
ext~c~s~ itt r~qht: and rem~diac ~i ~ wcund party undK tM Flw~da UnHam Comrn~rciat Cod~ or ottw~ spplicab~~ law. If tM 8aok Aas deem~d ~tsetl ms~cun
or ~K~on tM OtCwr~nq of in ~v~nt ot d~fault, th~ Bank thall hav~ tM riyht, imrnediatNy u~d without turthK ~ction by it, to at off aga~nst thii Not~ ~11 mon~y
owad by tM 8ank i~ any cap~city to ad+ snd sny Oblpw, and alw to s~t otl ayainst ~II othK Ii~pilitaa of each Msksr io tM Bank ~II mon~Y owed by ~h~ 8ank
~n sny capacity to ~ach a~d ~ny Mak~r,-~nd th~ ~snk sRaU b~ dsfm~d to haw ~xKCited wch rqht of s~t ofl and to havs m~cf~ ~ chary~ sp~ins~ sny wch mon~y
~mm~d~atdy upon th~ oaurre~a of wch Wtsult w~n tAou4h such chuq~ is msdt w ~ntef~d on th~ books of tM B~nk wbsequent thersto. Unless tM Co11at-
e+a1 is pNithaW~ o~ th~Ntera to cNcline spNd~ly in valw or is ol ~ typ~ customKily told on a r~copnu~d mark~t, tM Bank wi11 qiw th~ Mak~r rwwn~bt~ notice
ot the tirtM and plsq oi any publiC saN thlrwf or tM tim~ sittr which any privat~ salf w any othN int~nd~d disposition th~rwt u to b~ m~d~. Th~ rpuir~-
,nent of rwsonst~l~ notip shs11 bs rtMt ii wefi notiw is m~il~d, postay~ pnpaid, to any Mak~~ at tM addreu 9iven below or at any othK ~ddreu ihow~ on ~he
recwds of th~ Bank, at le~st 5 dsyi bNor~ tlk tim~ of th~ sal~ or disposi~ion. t1pw~ diiposition o( sny Colla~~ral aitsr th~ occurrsna of sny default, the
Ob~igon sh~ll be and romsin jaintty and s~venlty liabl~ fa any d~ficiency. Th~ gank shall sccount to tM Msker tqr ~ny wrplua bu~ ihe Bank shsll have th~ right
~o appfy aN or any part ot wch surplus ia Aold Me ssme ss a ~es~rve ag~insl) any a~d sll otMr liabilities of eacA and any Obligw to the 8ank. The Obli~ors here-
by w~iv~ any rqhts o( T~mption sttK d~lsult. .
All partitt lisbt~ for tha psynN~t snd collettio~ Mr~ot: (l) s~~ee to pay all ~xp~ns~s incurnd o? paid in tAe protectip~ of Collateral or tM ento~te~ent here-
ot, whetl+K th~ 8ank it obli9sted thtrefw w not, includirq ittorney's f~es equsl to 109Lof th~ amount in detault or wch larger ertwunt as may bs reasonsble
fo~ savica and ~xpe~sts ii?curied in tM en(orcem~nt he~wt titMr priw or wbsaquant to juciQment u?d whethK i~ judicial procsedings or othtrwise, snd alfo
tnose tosts, exp~ot~s and ressonable sttorMy's f~s ineurrsd in appetlate proc~adi~gt: (2) waivr presentrn~nt tor payment. dsmand, notitt ol non•paYment,
not~te Of prOtKt ir~d WOte3t Of tAif NoTS; (3) consent to and waiw notice o( any s~d all re~ls o? ~xt~nsions ot time, Ka~vsrs, w modificstions that may be
g~anted by the BaMc with respect to the psyment w other provisions of this Note o~ to th~ rsbasa of sny Obligix or tAe Collateral or any pa~t thereof, with or
.v~tAout substitutiun; and (4) agrse tAat sdditiOnal makan, endorsers, pusrantors or wrttNS may betome parties hereto withaut ~otite to them a affetting their
I~ability 1lsreurWer_
71~e Bsnk may at s~y time i~ its wle discretion comp~omise, se~tk a extend ~he t~me of payme~t of any ot ~he demands w obJ;gations, re~srssented by a~y
of the seturities pladg~d hereunder and all of the parties li~ble tor tAe payrnent hereOt Mreby make, corKtituta a~d appoint the Bank, his or their true and lawful
ac?orney fw this purpose with fult power and authwity to compromite, ~ettle o. extend paym~nt ot said demsnds w obtigations a~d to acquin, satisfy or dis-
cnarge y~me of record w otherwise as the psrtias IiaWe for the paymer?t or collaction hereof might o~ could do if personally preser?t. The Ba~k shall not be
under s~y liability Or Obligation to take any steps whatsoever to fix any liability upon M to colteCt or to MlorCe paymgnt of any obligauon pledged es seCUrity
nereunde~ whether by giving sny notite, preser?ting, derr~snding payrnent, protest+ng, instituting wit or othe?wiss.
The Ba~k shall not by any act ot omiuion or commiu+on be deemed to waive any o~ its rights or remedies hereunder unless such waiver shall be +n writing
and signsd by the Bank and the~ only to the extent specifically set forth therein; a waiver on one event shall ~ot be construed as continuing or as a bar to or
wa:ver of suth right w remedy on a subsequent event.
The liability of each OWigor shall be absolute a~d unCOnditional and without ~egard to the liability oi any otner parcy hereto. Any notioe sha11 be wfiicient-
+v se+ved upd~ a~f Ubtigots by serving suCh nOtite upon anY one Obli~or, The notice s1w11 be wttitiently served if plated in the mail, postage prepaid, eddreised
to, o~ left upo~ the pre~nises ot arty Obligor at any address shown on the Bank's records.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION '
EACH MAKER ACKNOWIEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON BOVE OATE.
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~ Cacoa Pal~ Dr~ve, C~pr S~naveral, FL 32920 (SEAL) ~ ~ , ~ /
' ADDRESS . SIGNA URE AKER ~
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IsEa~1 L •
ADDRESS 51GNATURE O MAKER
~an T. Qu1rk
, ENDORSEMENT
In add~tion to the liability as endorsers, which the undersig~! hereby aswme, iw value received and intendiny to be legally bound, the undersigned land if
more than one, each of them jointly and severa(ly) (a) hereby unconditionaily gua~antee the payment of the within Note a~d a!! eztensions o+ re~ewals thereoi
and a!! wms pmyable unde~ o? by virtue thereof inctudirg, without limitation, all amou~ts of principal and interest and a11 ezpenses fincluding ateorneyi tees,
r.hether intuned in trial or appellate proteedingt) inturred in the collection thereot, [he Mforcert~ent of rights thereu~der pr w;th respett to any security there-
~or and the enforcement he~eof, and waive presentment, dert?and, notice ot d~shorior, protat~ notice ot protest artd all other notices whatsoever; aRd (b) consent
and ag?ee that they sre bound as Obligors under the terms of a~d are wbject to all provisions set fo?th on the fact of said Npte as fully as though they were eech
3 Maker thereof, and to the exercise by the holder of ead~ and every right therein set forth or permitted by law, all without notice to or consent of and without
afiecting the liability of the undersigned, and turther consent and agree that any of the undersigned rr~ay be sued by the holder hereof with or witAout joining
,.~y of the otAer endo~sers or Makers of said Note and without fint or contempora~eously wing any wch other persons, or otfierwise seeking w proceeding to
coiiect from them w any of them. .
(SEAU '
ADORE55 ~ SIGNATURE OF GUARANTOR
1sEa~1
ADORESS SIGNATURE OF GUARANTOR
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