The URL can be used to link to this page

Home My WebLink About0739 Upon ih~ occurrenn of sn ~wot ot sf~tault, tF?~ Bank may ins~ituu approprwcR Ipal procNdinp~ ap~ir:st lh~ Obl~go~s to ob~ain judprnon~ on th~ Noce and/ or ~xNC~ft it~ riphta a~d rfmWift u o seturW party u~r tM Flprid~ Ut?iform Commuual Cod~ p otMr applitable law. If th~ B~nk Aas deeme~ itsiif insetur~ o~ upon tM oocuntnc~ o! an ev~nt of d~iault, th~ 8ank sAall haw Ih~ rpht, irr?m~diatNy and without furtMr ~ction by it, to s~t otf ssaintt thls Not~ sll mon~y uw~ed by tM Bank in ~nY cepscity to Nd+ and any Oblipo?, and Nso to stt oft sp~imt sll oth~r lybilitip of each MakK ta th~ Ba~k s11 mo~ay owW by tM Bank ~n any eap~City to ~ath and any Makfr, a~d th~ Bank ii~11 b~ dMm~d to haw ~xKCi~d wch ~qht of Mt off ~nd to MN n~ a cha~qt apiinst any wch moMy ~+n+?rdiauly upon tM oocu.ranw o~ weh d~tsult twn thouph wch char~ is msd~ a en~ped on tM books ot tM B~~k wbspwnt cher~io. Unl~ the Collat- e~al is p~ri~habl~ a threattns to declirw s~edily in valw or is of ~ tyW custortwily foW on s r~copniiW m~rk~t, tM 9ink will pive tM Maktr rsawnabl~ notic~ of the tirtw and plaa of sny pubfic sal~ tFa~wt a the tim~ s(ur which sny privau sal~ or anY otAK inand~d di~po~ition th~rtot i: to b~ msde. Th~ raqui~a- ment ol r~sonabl~ noiiw shall ba mat it such notia a msil~d. post~ pnpsid, to any Malur a~ tM addrass piv~n below a~t any oiMr add~ess shown o~ the recwds of tM Bank. least 5 days bNon tM tim~ oi the ssle a dispositio~. Upon di~otition of sny Colbteral ~fter tM oceurr~nce of any dttault, the Obligo?s ~f?~II bs and remain jointty snd severally IiaW~ fo? sny d~f~ciency. TM Bank shalt account to th~ Maker fa any w.p~us bue ~hs Bank shall havs the right ~o apply ill w any psrt of wch wrplus (a hold ths sams a~ a ressrw apai~st) s~y and stl other liabilities of aach and any Obl~gor to tM Ba~k. TM Obli9wt hsre- bv wsiw any riphts ot rad~mption aitp d~isult. Atl pa?ti~s liibl~ fa tF» payment snd collaction Aertof: (1) spr~e to pay all oxp~ns~s incurr~d o? paid in ih~ protection ot Collatusl or the entorce~?ent he?a of, whethK tM Bank is obtigated therefa or not, includin~ attorney': lees eqwl to 10%of tM smount in ditault a weh larger amount as may be reasonable for servi~~s and ~xpMS~s inturrad i~ tM Mforcement h~reof ~ithe~ prior o~ subspuent to judpment and whether in judicial proceedings o~ otherwise, snd also ~nose costs, exp~nNS snd r~asonable attw~ey i f~q incurred in sppellste proce~dings; (2) waive {xesentment for payment, demand, notice of rw~-payment, ~~oi~ce of procat and protest of this Nois: l3) consent to arw! waivs notice of any and sll r~nevwls or ~xt~nsio~s ot tims, wsivers, w modifications thst msy be grantsd by th~ Bs~ with respect to the payment o? other provisions of this Not~ or to the release of sny Oblipor or tM Collatenl or sny psrt thereot, with w ~.~chout wbstitution; a~d 14i agrea tAat additio~sl makers, endorsers, yw~antor: w suretiss rn~y bscom~ psrties Mnto without ~otice to them w aitecting iheir habiiity h!rlundl~. . 71re Bsnk may at any time in its sole discretion compromise, settle w ex[end the time of payment ot sny ot the demands w obtigations, represe~ted by any o~ the f~curitip pledg~d hereunder arW sll oi the pa.tiss liable f~r tha payment hereot hereby make, rnr?stituce and appoint the Ba~k, his w their true snd lawiul at[aney for this purpose with tull power a~d suthority to compromise, settle o~ extend payme~t ot said demandi or obligstions and to acquire, satisfy or dis- charge tNs same oi noord or otherwise as the parties liable fo. the payment w toUection hereof might or could do it perso~ally present. The Bsnk shall not be under a~y liability o~ obligation to take any stepa whatsoewr to tix any liability upon or to collect w to eotorce payment ol any obligatio~ pledged as security hereunder whether by giving eny notite, p?esentitg, dems~diny paymet~t, protesting, irutitu[itg wit or otherw+se. The Bank shsll not by any act ot omissio~ w commission be deemed to wai~ro any of its .ightt o{ rcmedies he~eunder unless such waiver shall be in nrciting and sipned by the Bank and then only to the extent specifically set forth therein; a waiver o~ one event shall not ba construed as continuing w as a bar to w wa~ver ot wch right or remedy on a subsequent event. ~ The liepility of each Obligor shall be absolute a~d unCOnditional and without regard to the liability of any other party hereto. A~y notite shall be wf/icient- ~v served uLwn atl ODligors by serving wch notice upon arty one Oblegor. The notice shall be wific~ently se.ved if placed in the mait, postage prepaid, addressed To, o. leit upo~ the p~emises of any Obligw at any addrest shown o~ the Bank's reco?ds. NOTICE: SEE OTHER SIOE FOR IAAPORTANT INFORMATION EACH MAKER ACKNOWLEUGES RECEIPT OF AN EXECUTED COPY Of THIS NOTE ON TH BOV DA7 . , ISEA!! ~ ~ ~ 51 A VRE OF AKER . C. ' (SEAU ~L'f'LCC ~'~J ADDRE55 SIGN URE OF MAKER ~ l~~ncy S. N ks , . ~ f - _ ~ ~NDORSEMENT E In addition to the liability as endorsers, whith the u~dersigned hereby eswme, (or wdlue reoeived and inte~ding to be legally bound, the undersigned (and if ~ mo~e than one, each of them jointly and severall 1(a) her ~ Y eby unconditionally guarantee the payment of the wi[hin Noce and atl extensions or ronewats thereof ~ and a11 sumt payable under o? by vi?tue thereof includirg, without limitation, aIl amounts of principal and interest and att expenses (includi~g attorneys' fees, ° rr!,eche. incurred in trisl or appellate proceedings) incurred in the colleetion thereof, the enfa~~t of rights thereuncler or with respect to sny security therc f or and the snfwcement he~eof, and waive presentment, demand, notice of dishonw, protat, notice of protat and ail other ~otices wAatsoever; and Ib) consent [ and ~Jr~e that they are bound as Obligors unde~ the terms of and are wbjeet to aIl provisans set forth on the fact ot said Note as (ufly as though they were esch - ; a Maker tAereof, and to the exercise by the holder of eaeh and every right therein set torth or permitted by law, all withaut notice to or consent of and without ~ affe~ting the liability of the undersigr?ed, and (urther tonsent a~d agree ihat any of the undersi9ned may be wed by the Aotder hereof with or without joinPrg i any o! the oiher endorsers or Nlake?s of said Note and without first or contert~waneously fuing any wch other persons, or otherwise seekirg or praceediog to colfect from them or any of them. i g ~ ` ADDRESS (SEAU ~ SIGNATURE OF GUARANTOR (SEAU " ADURESS SIGNATURE OF GUARANTOR s e k E i `t ' i ~ f o k PacE 7~~ ~floK280 n,:~ . , - - - - - : ~ ~