HomeMy WebLinkAbout0137 Upon tfw octwr~~ce ol a~ wsnt ot detsult, Ihs Bank may institut~ apExoprut~ 1~pa1 p~otwd~npt sp~n~si tA~ ppbqora to obu~n ~udyn»o~ o~ tM Nou and/
o~ exera~ ~tt rpnp and r~m~di~s as ~ s~cur~d par~Y u~ th~ Flor~ Unitorm Comms~ti~l C.odt w otlw appl~cab~a iaw 11 the Bank has d~rwd ~cself i~wcur~
u~ upon tM occwr~~q of a~ w~nt o( d~(ault, th~ 8snk sh~ll hav~ tM rpht, imrtwd~atNy and without furthN actwn by it, to ttt ott ~airt~t the~ Nutt all moMy
o.~ed by tM 8ank in sny capac~ty to NCh ind sny Oblgo?, s~?d ~ISp to s~t oN ayainst sll othK IiabilitNS of ~tcb I~ykM to tti~ Bank ~II jnawy owtd by th~ 8ank
~n any tapatity to ~ach and any Mak~r, aod tM Bsnk shall b~ d~tmW to havt tx~rus~d wd~ rqht of sn ofi siW to h~v~ n?id~ ~ charyt ay~intt any wch money
~mmediately upon th~ occurrenu ot wch d~teult ~wn tAouqh sucA chuy~ i: macN a~nt~r~d on t!N_books d th~ 8ank wbs~pwnt tMrtto. Untsss the Collat-
erat is p~risl~abl~ or ~hres~ens to declins speedily i~ valw w is of ~ tYp~ wstom~r~ly sold on ~ r~oo0rws~d mrfc~t, th~ 8ank will giv~ tM Mskp nason~ble notip
of ch~ iimt ~nd plac~ ot any Public saN thK~of or ths tirrN altt~ which ~ny privst~ ssb or ~r othM int«xl~d d~spos~twe? thKeof is to b~ msd~. TM rpuira
men~ of r~l~ notice shall be mst it wch notio~ is mailed. postay~ prpaid. co arey Msk~. s~ th~ adOrm 4~ bNow a ai sny otMr addrsss shown on ~he
recwds of tM Bsnk, at lesst S days b~fon th~ tims of th~ sal~ or disposition. ll(w~ di~position of ~ny Collate~al afa. th~ occu~rsnp ol sny dNsult, the
Obl~gon sf~al! ba snd ~errqin jointty and s~wrally liabl~ (or any deficiency, Th~ Bsnk shsll ~ocount to iM Mske? for ar?y wrplus bu~ the 8snk shsll hsw th~ right
co apply sll or sny psrt oi such surplus tor hold tha sam~ ss a ~~serw sgainst) any snd a!1 othu Iiabilities ot sad~ ard any Oblgor to tht Bank, TM Oblgors her~-
bY ~wiv~ any ~iQt?ri ot rad~mptio~ atth d~/sult,
All parti~s Ii~W~ ta th~ payment snd eolleCtia? heraof: (1) sgne to paY all ~xpens~s incu~nd a psid in tht p.otec~ion ot Collatasl or tAe ~nforceR~s~t here-
ot, whether tM Bsnk it obligsied therefor ot not, inCludiny attwney's feet lqual to ~OX~of iht a~rlount in default or suth larg~r art~ount ss msy be re~spn~ble
for servicts and ~xpMSrs incur~ed in tM enfo~cernent he?eof eitf~er pria or wbspuant to judgment and wiy[Aer in jwiKial proc~edinys or otherwise. and slso
those tOStf. !xplnfef in0 rssSOnaOie ~uwiay~s i~s intu~rW in appellat! protledinq~: (2) warve presaotrr~t fa paYment. demand. notite Of ~-psYment,
noc~ce of protast ~nd protat of this Nots; (3) ca?sent to snd waiw notiee of sny and atl renNwts a~xtensions of ~irne, waivKS, or mod+(~cstion: thst may be
yran[M by tAe 8urc with respact 1o the payment or otber provisions of this Note or to the nle~ass of any Oplw~or w the Collateral or any part thereof, with o.
ti,~ihout suhstitution; and (4) agra~ that additionsl makers, endor~s, guxantors a wrtt~as may bscwr~e partia hereto witAout ewtice to them o. sitectiny their
I~ab~lity Aerlunder.
The Bank msy at sny time in its sote discretion comp~omiss. setcle w e:tend the t~me of payment o! any of the der~nds a oblgat~wn, represented by any
oi the sacurities pledysd hereu~xler and all of the parties liable (o~ the psyment hereof hereby malce, co~titute and sppoint the Bank, his w their true s~d 18wiul
attorney (or this purpose with full power ar!d authority to Cort~promise, settk or extend psym~nt of s~id derrynds p obliptio~s and to scauirt, satisfy or d'K- ;
c harge ihe same oi record o? otAe?wiss as the parties liable (o~ the payment or to!leci+on hercol mght p tould do if personafly pr~sent. TM Bank sha11 not be
unde~ any liability w obligation to take any steps whatsoever to fix any liability upon w to co~kct w to enforce psymem of any obligaiic»i N'~~e ;~ed as security
hereunder whether by giving any nOtite. presenting. demanding payment, protesung, iiutituting wit w oU~erw~se_
The Bank shall ~ot by any act of omission Or commiuio~ be deemed to waive any of ~ts rghts a.ernedies hereuntfer unless wth wa~ver shall be in vwinng
arxt signed by the Ba~k and tAen oMy to the exte~t ~eci(icaNy set fortA therein; a Nrai~ on one eveot shal! not be construed as continuing w as a bar to or
.va~ver of weh right o~ remedy on a tubsequent event. '
The liability ot each Obligor shall be absolute and unconditional and wi[hout rcgard to the I~abitity of any otAr party herero. Any notice shall be wlficient-
~v served upon all Obl~gcxs by serving wch notice upon anY one Obligor. The notice shall be wHic~enciy serred ~f ptaced m the msi1. postage prepaid, addressed
to, or left upon the premises oi any Oblegw at any add,ess shown on the Bank3 records.
NOTICE: SEE OTHER SIDE FOR tMPORTANT HYFORMATION .
EACM MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTED COPY OF TNIS NOTE THE ABOVE DATE.
V
ISEA~!
~ ~ SIGNATU E OF MAKER
~
(SEAI)
ADDRESS ~ . SIGNA RE OF MAKER
~tld~ ~t'ly111eJ1"5t
ENDORSEMENT
In add,t~on to the ~~atr+~ity as endorsers, wh~ch the urxiers?gned hereby aswme, fw value reoeived a~d ,ntend,rg ~o be kga~ly bound, the undersigned (and it
rno~e tha~ one, each of them jointly and ieverally) (a) hereby unconditionally gusra~tee the paymcnt of tl~e within Note and all exteruions w renewals thereot
and all wms payable under or 6y virtue thereoi including, without limitation, aN amounts of pincipat snd ;nterest and all e:pe~ses (including attwnays' fees,
.rhether incutred 'e~ tria! .d a~ellate procee~iings) incurred in the cotkction thaeoi, the eniorca~ienc of rights thereunder p wich respect [o arryr sscurity there-
ror and the eniorcement hereoi, and rvaive presentment, demand, ~otioe of dishonor, protes[, notioe of pomt and all othe. noc~oa wha[soever; and (b) consent
and ag~ee that they are bound as Obligors under the terms of and are wbject to alt provisions sec tord+ on the fact of said Nocc n~u~ty as thougA they were esch
a Maka ilrc.eof, and to the exacise by the bolder of each and every right therein set torth a pe.mined by law, all w~ihout notice to or consent of and without
a~1ectirg the liability oi the urxiersi9ned, and further rnraerit and agrce that any of the unde~signaf may be wed by ti~e holder hereoi witA or without joining
any oi the othe~ endwsers or Makers of sa;d Note and without (irst w contempo.aneously wi~g arry yuifi pct~e, pe.spres, or pMerwise seeki?g p proceedirtg to
couect from tl~em a any of them.
ISEAU
ADORESS SIGNATURE OF GUARANTOR
ISEALI
ADORE55 StGtVATURE OF GUARANTOR
~
0 R ?~T+E
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