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Home My WebLink About0748 Upo+~ tM occurr~~c~ of an event of dstault, the Bank rt?ay institut~ apWoWun Ipal procMdinqs apainst the Obl~go.s to obiain judprt~ent on !hs No[e a~d/ or ex~rci~ itt riyhts snd r~m~dNS u a~cur~d psrty undK tM Fluid~ U~itorm Comrtrrcisl Cocf~ w oth~r applicable Iaw. It ihe Bank has deemed ~csell i~secun or upon tM ocCUrranq o( ~n h~nt uf d~tault, tM Bank shall htw tM riqhl, imm~diatN~r and without furthN eCtio~ by it, to tet oft sg~inst thii Nott sll mo~ry owad by tM 8~nk in any capacitv to ~aM and a~y Obtipor, u+d also to s~t otf spainic Mf oth~? li~biliti~ of Nch MskK to ~M Bsnk all mon~y ow~d by ~M Bsnk any cspacity ta ach and sny I~kK, a~d tM Bank shafl b~ dNm~d to haw ~zaci~d wch rpht oi ~t off aiW to h~w made a charge aga~nst any wch money ~mm~distdy upon th~ occurr~nq of sueh d~fautt wrn [houph u,d+ chap~ is m~ci~ a ~nt~nd on tM booko ot th~ Bank wbseqwnt thersto. Unlass ~he Collat- erai is ptrisl?sbl~ o~ threat~ ~o decline ~~dilY in valu~ o~ is oi ~ typ~ cu~tomarity told on s rkopnii~d mukec, the Ba~k will giw the Maker nasonabls not~ce ot tM tim~ and plaq of sny public sak tMr~oi o~ tM tim~ sfter whith anV privsn ssl~ o~ sny o1M~ int~nd~d disposition tAfrwl is to W msd~. Th~ raquira ment ol ~NSO~abl~ notiot sAall b~ m~t it tuch notice a m~ilsd. postap~ Prepaid, to any Msk~r at tM sddrea yivsn below w at a~y o~hK sddreu shown o~ tM ~ecords of th~ ~8ank, st laast 5 days befwe tM tims ot ths sal~ or dispositio~- Upon di~position of sny Collatersl af[e~ tM occur~ence ot any default, the Obligors t~?all bs and nmain jointly and savenlly liebb tor any d~fici~ncy. TM Ba~k shsll stcount to tM Maker tor any wrplus but the Bs~k shall hsw th~ r?9ht ;o apply sll a any part ot such wrptus (w hold the ssm~ ss a reserw agsinstl any ~nd sll other liabilitia ot each a~d any Obligor to the Bsnk. Ths Obligors here- hy rwiw any rgA~: ot ~edemp~ion atta detault. All parti~s liabls tw ths payment snd collection htreof: (1) ap?ee to psY a~l exp~nsss incurred o~ patd in the protection of Coilaterol or the anforce~nent here- ot, whethN tM 8~nk is obligated therefw a not, includiny attorney's fees eqwl to 10%ot the smount in detault or such Iarper smou~t as may be reasonabte for servicK and ~xptnsK incu~red in th~ enforcem~nt herwf either pria a wbsequent to jud9ment snd wh~the~ in judicial proceedings or othe~wise, and also those costs, ~zpft+~t snd reasonsble attorMy's tNS i~turred in appellate prota~dings; (2) waiv~ pr~sentment fo~ paymeM, demand, notite oi no~-payment, notite of protstt ~nd ptotest ot this Nots: t31 consent to and waiw notice of sny and all renewals w extt~sions of time, waivers, or modifications that may be. granted by tM 8ar~ic with respett to the payment w othe~ p~o~~siOns ot this Note or to tht rolease ot any Obligor Or the Collateral or a~y part thereOf, witA or w~chout sub~titution; and (4) agree that additio~al makers, endorsers, g~isrsntors or wrstia msy bscorn~ ps?tiss hsreto without notice to them or al(acting their liability hliwnd~r. ~ . The Ba~k msy st sny time in its sole discretion compromise, settk or excend the time of payme~t ot sny of the demands o~ obligations, represented by a~y of che sacurit~a pl~clysd hereundar and all ot Me pa~ties liable tor the paY~?t hereot Aerfby maks, corutituta and appoint the Bank, his w thei? true and law(ul dt~omey for this purposa with tull power and wthority to compromise, settle or extend psyment of said demands w obligatians and to aoquin, satisfy or dis- charge tM same of record or otherwise as the psrties liable for the payment w colltction hertof mi~ht or could do if perso~alty present. The Ba~k shall not be under any liability or obligation to take any steps whatsoaver to tix any liability upon or to collect or to entorce payment of any obligation plsdged as sccurity hereunde? whether by giving any notice, presenting, demending paYment, protest~ng, mstituting wit or otherwiss. The Bank shall not by any sCt of omiuion or eommission be daernfld to waive any oi its righu or romedies hereunder unless such waiver shall be in writing and signecf by the Bank and then only to the exte~t specifically set twth therein: a waiver on one evertt shall ~ot be construed as continuing or as a bar to or waiver of wcl? right or remedy on a wbseQuent event. The liability of esch Obligor shall be absolu(e and unconditio~al and without regard [o the liability of any other party he:eto. Any notice shsll be wtiicisnt- ~v served upon aIl Obligo~s by sarving wch r+otice upon anY one Obligor. The notice shall be wfficia~tly served if placed in the mail. pos[age Prepaid. addressed ro, or left upon the premises of any Obfigor at any address shown o~ the Bank's records. NOTICE: SEE OTHER SIDE FOR IMPORTAPIT INFORMATION EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE. I 4110 Crooked Tr~ar S.Y. , li~rominc. MI . 49e09 ISEAL) ADDRE55 5 G T RE OF MA ER / (SEAL AODRESS SIGNAT RE OF R ! ort Meta~s ENDORSEMENT I In additio~ to the liability as endorsers, whith the unciersigned hereby aswme.lor value received and intending to be legally boutxl, the undersigned (and ii ~ mere than one, esch of them jointly and severatiy) (a) hereby unconditiona~~Y 9uarantee the payrner.t of the within Note and all eztensions or renewals thereof ! an~ all surtu payabte undu or by virtue thereof including, without limitation, all amounts oJ principal ar?d interest and alI expenses (including atto~neys' fees, °p .tifietfier incurred in trial or appellate proctedings! incurred in the collettion thereof, the enforoerr~ent of rights thereunde. or with respett to any sewritjr there- € fo~ and the enfortertient hereof, and waive p~esentment, demand, notiae oi dishonw, protest, notic+ of protest and all other notices whatsoevsr; and (b) tonsent € provisio~s set forM on the fact of said Note as~ful ~ a~d ag~ee that they are bound ss Obligon under the tsrms of and are wbject to all ty as though they were esch f a h7aker thereof, and to the exe~cise by the holder of esch and eve.y right therein set torth or permitted by law, alI withoutnotice to w consent of and without ~ ~ttecting the Iiability ot the undersigned, and further co~sent and agree that any oi-the undersig~ed may be wed by the holder hereof with or without joining ~ ~ny of the other endwsers or Makers of said Note a~d without first w contempo~aneously wing any w~ other persons, w otherwise seeking or proceeding to ~ ccUect from them or any of them. ~ . , ~ ' ' ISEAL) ~ ADDRE55 SIGNATURE OF GUARANTOR h ~ ISEAL) ADDRE55 S~GNATURE OF GUARANTOR ~ e; ,~s~ ~ r~ ~ ~ ~ ~ ~ ~ " ~ ~ ~ i ~ ~\lVT~~ ~ ' _ . fr S `'s ~ ' , • r ~ i _ - _ - - ~ ~ - i ? _ . ~ ~ _ ~ _ , . _ ' - . ~ , . _ _ ~ _ , , . -u`~r`