HomeMy WebLinkAbout0145 Upor~ eha occur~~nce ol ao ~wnt oi dNsuh, ~Ae Bank may Insutut~ appropr~au Ipal procMd~nqs ps~ntt th~ OD~~9~s to obu~n judqn~m o~ tM Noa and/
extrcis~ its nqhtt s~d rtm~di~s at a Mturwl par~y undK tM Florid~ tJ~ifo~m Commtrtisl Cod~ or otMr applicabl~ I~w. 11 tM 8ank h~t dNm~d ~t~lf inf~crx~
o~ upwi tM otturrence of ~n w~nt ot d~tault, tM B~nk sha11 hav~ tM riyl?t, imrnWiattlY a~d without (urih~r attion by it, to stt ott apainst this Not~ sU mot?ay
u~veci bY th~ Bs~k in any capscity to ~ach and any Oblyw, and also to at o(f apaintt ~II othK IiabilitiK of MakK to tM Bank e11 mon~y ow~d by tM 8ank
~n any upaCity to aaCh end sny Mak~t, a~d th~ Bank sh~ll b~ de~m~d ~o h~w ~xercis~d wch riph~ of ~t ofl ~nd to Mvr mad~ a charpe agsinst any wch mor+~y
~mmediatety upo~ th~ occurrence ot wch dNaul~ tv~n tAou9h wch charq~ ii mad~ a ~nta~d on tM bookt of tM Bank wbspwnt th~reto. Unl~ts th~ Collsi-
e~al ~s pfrifh~bl~ OI thrqtM! t0 di~liM tp!ldily in wlus w ii oi a typ~ wstomsrily sold on a r~t.~oqniz~d m~rk~t, tM Bu?k will yiv~ tM M~kK r~swnabq ootiu
ut ~ha time and plsc~ of any public ial~ tMrwf w tM tim~ stt~r which sny privat~ sal~ or a~y ot1+K int~nd~d dispositio~ th~r~oi is to b~ mad~. TM rpufra-
ment of ~qsonabl~ ~otiq shall b~ rtNt i/ wch notiq is ma~fed, postape prepa~d, to sny INilc~r st tM sddnss given bNow a at any oth~. address shown on ~he
~ecords ot ~h~ Baok, at least 5 d~ys beton the tim~ of tM sal~ o? dispositioo. llpon difpotitioe of any Collsaral stc~r tM accurr~nq of aoy d~fsult, the
Obi~gors shall b~ and remsin jo~ntly snd s~ve~ally IiabM (w any defitieney. TM 8s~k shall account to tM Mak~r (or any wrplus but the Bsnk sf?all have th~ ~iqht
co apply all a any psn oi wch surplus (a hold the sam~ as a reserve against) ar?y snd all otM? liabilifits of each and any Obligor to the Bank, The Obliq,ori here-
t~y waive sny ~qf?ts Ot ~adempt~o~ aftN de~ault,
AII psrtits liabl~ to~ the payment and collec[ion Mreot: (1) agrss to psy s~l ~xpMS~s incurnd or p~id in th~ protection ot Collateral w the en(ores~ne~t her~-
c,t, whethtr the Bank is obligated therefor or not, including attorney's fees equa! to 10~(ioi tM ~mount i~ default or wch larger amou~t ss msy be reasonable
fa~ servicK And ~xpMtOS inturrld ;n the enlorcem~n! hersot ~:~ti*r prior or wbsequent to judg?~nt and wheth~r in judicial proceedinys or otherwise, sed also
~h»~ eostt, expens~s and ressonable attwr?ay's (sn incurred in appellate proteedings; (2) wsiv~ pres~ntrt~ent tw payment, d~mand, notip of non-psyment,
notice ot protetl and proteSt of tAis Note; (31 rnnseat to and waive notice oi sny snd ail rsnswals w eXtrntion: of time, wsive.s, o~ modit~carFor?s thst may bs
gran[ed by tAs 8ank with .espect to the payment or other provisio~s of this Mote or to the release of any Obligor or tM Collateral w sny psrt Masof, with o?
.~~~hout substitution; ww i{) agree tAat additionsl makers, endors~v:, guarantors w surati~s mey bacorne psrti~s hereto without notice to them a sffectir?9 thei~ •
~~ao~iuy i~o:~under. •
Th~ Bank may at sny time i~ its sole discretion compromise, setNe or extend the time of payment o1 any oi the demands a obligations, rep~esented by any
c,f ihe securities pledged Ae*eunder a~d all o~ the pa~ties 1lable tor the payment hereof hereby make, constitute snd appoint the Bank, his w their true and lawiul
attorney for this purpose with fult power and authority to compromise, settle or extend payme~t oi ssid demands or obligations and to sCquire, sstisfy w dis-
charge the same of record or otherwise as the parties iiable fw tf~e paYme~t a coNectio~ hereof migAt or coutd do if personslly present. The Bank shall not be
under any liability a obligation to take any steps whatwever to tiz any liability upo~ or to collatt w to enforce payment ot any opligation pledged as security
he~eunder whetAer by givi~g any notice, presentirg, demandinp payrnent, protesting, irtstituting wit or otherwise.
The Bank shall not by any act of omiuion or comm~u~on be deemed to waive a~y of its rights o~ rpmediss hereuncler unlets suth waiver sha11 be i~ vinitiny
and sigoed by the Bank and then oety to the extent speci(ically set torth ihereirt: a waive? on one event shall not be construed as continuing or as a bar to or
~va~ver of wch right o~ remedy on a subsequent event.
The liab~lity ot each Obl~or shall be absolute and uncondi[io~al and without regard to the Iiability of any other party he~eto. Any notioe sha11 be wtficis~t-
~y served upw~ all Obligots by setving sutA notiCe upon a~y o~e Obligor. The notice shall be wfficientiy served ii ptated in tAe mail, postage prepaid, addressetf
t~, or left upon the premises oi any Obliga at any add~ess shown on the Bank's records.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTEb COPY OF TNIS NOTE ON THE ABOVE OATE.
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ISEAI) /
DOR 55 SIGNATURE OF MAKER
W~ a TIO~I r
(SEAL)
ADORESS !1: NAZ~~j?F MAKER .
w~ a wayNV~s
ENDORSEMENT
In add~tion tp the liability as erxlorse.s, wh~ch the undersgned hereby sswme, for value receivtd and intending to be Iegally bound, the undersigned (and if
more than o~e, each ot tF~em jointly and sevcrally) (a) hereby unconditionally guarantee the payment of the within Note and all extensions or ~enewals thereof
and a!I sums payabb under or by virtue therepf intluding, without limitatiori all amounts oi principal and ioterest and all ezpenses (inCluding attorr?eys fees,
.tnether incurrcd in tria! or appellate prottedings) incurred in the coltettio~ thert~of, the Mtortement of righ[s thereunder a with respect to soy security there-
f o~ and ihe enforcement hereof, a~d w0ive presentment, demand, notice of dishonor, protest, notite oi protest and all other notices whatsoever; and (b) oonse~t
ar,d agree that they ars bound as Obligors under the terms of and are wblect to atl provisio~s tet forth o~ the fact o/ said Note as fully as thpugh they we?e esch
~ tNaker the.eof, and to [he exe.cise by the holder oi ~h and eve.y right therein set forM or permittcd by law, all withouc noiice to or consent of artd without
affecting the liability o( the undersig~ed, and turthe~ CorKent and agree that any of the undertigned may be wed by the holder hereof with or without joining
~ny of the other endorsers o? Makers o( said Note uW without tirst ar contemporaneousiy wing any wch other pe?sons, or oiherwise seeking w proceedinq to
coliect from thtm o? any of tbem.
(SEAI)
ADDRE55 SIGNATURE OF GUARANTOR
(SEALi
ADDRESS SIGNATURE OF GUARANTOR
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80QK~v+ FAGE 144 ?
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