HomeMy WebLinkAbout0129 tlpon th~ occurrence ol an ~v~nt oi dstault, iM B~nk may ~nititute approp?~an Ipal proce~duqt aganqt 1h~ Qbhgon to obtaio ~udpment o~ tl?e Note and/
ex~rc~a ~ts riqhts and rem~dies ss a secured party undN tM Fia~d~ Un~lorm Comrrxrcul Cod~ p otMr appl~cabl~ law. If tF?~ 8ank hat d~~m~d ~tsell ~~secur~
o~ upon tM occurn~cs of an tvent o~ Wfauit, tM 8ank shaU have tM r?pAt, imrn~diatNy snd wiMout fur[h~r ~c~w~+ by u, [o stt otf ~gainst thi: Noq sU money
owed by th~ 8ank in sny capac~ty to tach and any Oblpo~, snd alto to se~ ott ~inst ~II o~hp li~biliti~t Ot ~ach N4kN to th~ Bu~k all monty owtd by th~ Bank
~n any cap~city to ~sch end sny Maker, and th~ Ba~k shall b~ d~emsd to haw ~xKC~~d wch rqht ot ~t ott aod to Mv~ n?ad~ a chary~ against any suM mon~yr
:mrtiediatNy upoo th~ otcwr~nce oi wch defauli aven ~houpA wch chug~ i: rr~ or ~n~end on tM bookt ot ~h~ 8snk wbspwnt ~h~reto. Unl~ss tA~ Collat-
eral is p~risl?~bl~ w~hrNt~~s to detline spl~dily i~ valw or is of ~ typ~ cus~omsrily sold on a r~c~opni:~d m~rk~t, tM Bsnk vai119iv~ tM Mske~ rNwn~W~ nolit~
01 ~hs tirn~ aod ptac~ of ~y public ssk tM~eof or the tirt~ a(ta whicfi sny priwa iah a sny othK inaed~d d~spos~tion tM.eof is to b~ msde. TM .equiie-
ment of rsaso~abN ~otice shall be m~! i( tuch rtotice is ms~led, postaqa prepa~d, to any Ma1c~. a~ Uw add~euqiwn bNow w si any.oin~. addnu showo on ehe
~ecords ot tM Bank, st least 5 days belo~~ the time of the sat~ w d~sposition. ~Ipwi dnpos~tioe~ ot sny Co1lst~ral after the occurr~noe ot any delaul~, the
Ot~f~gors shsll be and remain jo~ntly and seve~ally Iiabls (or any delititncy. TM Ba~k shsll sccount to tlu AAaker fo. sMr wrplus but tha 8ank shall haw the r~9h~
to apply all M eny ps~t o1 fuCh surplus (w Aotd lhe fartN as a reserve epamst) any snd all OthN liabil~ties oi each and any Ob1i9w to tAs Bank. Ttie Obligors here-
~v ~~v~ soY riqhts of f~dsmption atcer delault.
A11 psni~s lisbl~ fw the payme~t s~d collection he~w~: (1) spree to Wy a~l exp~nses incur~~d o. paid in the protectio~ ot Collateral or the entorcen~ent he.e-
uf, whether the Bank is obiigated therelor or not, includi~g attorney's fees equal to t0~fioi th~ amaint in default p wch Ia.ger amount ss rr?ay 6e reasonable
±o~ se~vices and exp~nses incwr~d in :he enforcement ~ereof either prior or wbspuent to judymem and whethe~ in judicial proc~edings or otherwise, and also
;nose cosis, expens~s and reasonaple at[aneY's f~es intu~red in appellste prpceedirg~: (21 wsiv~ prefentment tor paYrnent, dema~d, nptite ot non•paYment,
r~o~~ce oi protest and protest o( this Noce: 131 conse~t to and waive notice of sny and all rentwals w exansions of time, waivus, w moditicstioni thst may be
q~anted by the 8ank with respect to the payment a other provisions of ~his Note or to the ~Nease of sny Obligor or the Collateral or any part the?eot, with w
w~chou~ wbstitution; snd (4) agree that additional makers, endorsers, gusrantors or wreties msy become parties he.eto w~thout notice to them a af(ecting their
liab~hty herRUnder,
TAe Bank may at any tirra in its sole discreuo~ comp~omiss, unk or ex~end the ume of paymen~ oi sny of ~he demarxls ar oply~atior?s, reprosented by any
c~~ che securities pladged hereunder and all ot the parties liable tor the payment hereof hereby make, wnstitute and appoint the Bank, his w their ~~ue a~d lawful
.+ttorney tor thit purpose with full power gnd euthority to Compromise, settk or extend payrt~[ ot sa~d dema~ds w obligations and to acqu~?e, sat~sfy o. dis-
cnarge the sems of rstord w otherwise as the parties liable for the psyment o? co1letuon hereot mght or tould do if personally present. The 8ank shall not be
under any liability o? obligation to take any steps whatsoever to fix any liabiliry ~~pan or to rnllett w to enforce payme~t of any obligauon plMged as security
he~eundar whether by giving any notice, presenting, dema~ding payment, protesting, i~tituting suit or otherw~se.
The 8ank shall not by any sct oi om~uion or commissio~ be dcemed to waive any oi its rights w remed~es hereunder unless such waive~ shall be in writirg
3nd signed by the 8ank and then only to the extent specifically set forth therein: a wa~ver on one event shall not be construed as Continuing o~ as a bar to o~
.va~ver of wch right or remedy pn a subsequent eve~t.
The liab~lity of Qath Obligor sha11 be absolute and unconditio~s? and without regard to the Iwbility of any otAer party he~eto. Any notiCe shall be wf(icient-
~v ~r~d upw~ all Obtigws by serving wch ~ot~ce upor? any one Obl~gor. The notice sha11 be wfi;c~mtly served ~f placed in 1he ma~~, postage prepaid, 0ddreifed
:o, or leit upon the premises of any Obligor at any addreu shown on the Ba~k's records.
f1fOTICE: SEE OTHEA SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTEO COPY OF THIS NOTE ON THE ABOVE OATE.
=l--=~ n ~i~ L TJ 1 t~7T? t
_ LA1ii-r~li+rth~u vi`. i.a'3~ ....C:.. q:. t.. ~ rccn~ /~C''/
ADORESS IGNATURE OF MAKER <1~~ -
F~ank Y. Uooley
(SEALi
AD~RESS tLJ~j~p~iATU MAK u~
Marie M. i?ooley
ENDORSEMENT ~
In add~tion to the I~ability as erxiorsers, which tlie undersigned hereb~r aswme, for value received and intending to be tegally bound, the undersigned (and if
more than one, each oi them lointly and severally) (a) hereby unconditionally gua~antee the payment of che rvithm Note and all extensions w renewals thereot
.~rd aH wms payable under or by virtue thereoi including, without limitation, al! amounts of pinqpal and interest and all expenses (includ~ng attwneys' tees,
.vhecher irfturrgd in trial ot appgllate p~oceedings) incu?red in the colle~tiOn therepf, the enfq~nt oi rights the~eundlr or v~nth respect to any seturity there-
'or and the enforcement hereof, srW waive presentme~t, demand, ~otiu of dishonor, protest, notice oi protest ar?d a!1 other notices whatsoever; and (b1 consent
a nd agree thet they are bou~d as Gblgors under the [erms of and are wbjett to aI! povisions set tarth on the taCt of said Note as fully at though they vvcre eath
a".~aker the?eof, a~d to the exercise by the holder oi each and every right therein set forth or permitted by law, all without notice to or consent ot and w;thout
affect;ng the liability of the u~dersigned, and turther tonsent and agree that any of the undersgned may be sued by the holder hereof with or without joining
,ny of the othe. endorsers or Makers of said Note and without lust o? conterrx~aaneously wirg aoy wd~ other pe~sons, w otherwise seekirg or proceeding to
co~lecc from them or any oi them.
(SEALI
ADORESS SIGNATURE OF GUARANTOR
(SEAL)
ADORESS S~GlVATURE OF GUARANTOR
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60~~~ PI?
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