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Home My WebLink About0168 llpo~ tM occurrenc~ of an ~v~nt of d~fsult, tM 8snk may iniutut~ app~oW ~aq ~ps~ P~a~~~ ~~^f~ ~he Obllgors io obta~n jud~rtxn~ on ihs Nou and/ o~ axuc~s~ 1n ~i9ha and remed~ ~s ~ acur~d pa~ev unda~ ~h~ Ftorida U~itam Comrrrrcial Cod~ a other ~pl~csble law. If the Bank has de~m~d ~is~11 ~nfacrr~ u~ upon tM occu~re~a o1 sn w~nt of Wfault, tM 8ank Mall haw tM ~ipht, imn~di~tNy snd without furtha sctio~ by it, to set otf sgains~ thii Note a11 mo~ty owed by iM 8u~k in s~y csPacitY to esd~ +^d i^y Oblpor, ~nd alw to stt ofl ays~ntt sll oth~r Ii~bilitiK ot ~ach MakK to th~ 8ank all morNy owtd by tM Bank ~n any cap~city to ~ach aod any Mak~r, ~~d tM Bank sA~ll b~ dNmsd to hsw ~xKCi~sd wch ~ipht of t~t oft snd to h~w rtud~ a chsrqe s~sinft sny wch monoy ~mmedistNY ~n th~ oocu~n~ce ot wch d~twlt w~n thouyh wch chu~ is n~ a~nqrM o~ tM books ot tM Bank wbseQw~t thereto. Unlsss the Co11at- e~a1 is p~rishsbl~ or thrsattm to d~Cline sp~~dily in wlw or it ol ~ typ~ CustOrt?arily sold on a r~COQnit~d m~rk~t, th~ 8snk wil! ~ivr ~he MskN rwsonable ratiu ot ~M tirtr and P~sc~ of ~ny pubtic ssN therwf a tM tirtw aitr which ~nY privatt saN o~ sny otAK int~nd~d disposition therwl is to b~ rtud~. TM rpuir~- n,ent oi rwso~sbl~ notia shall b~ m~t if wch notice is mail~d, postsps pr~psid, to sny Mak~r ~t tM addreu given below a st a~y othN sddrea shown o~ the records of tM Ba~k, st ksst 5 dsys b~fon tM tirtr of the ssle o~ disposition. Upon ditposition oi a~y Collst~rsl alte? th~ occurr~nce ot any detault, th~ Obligo?s shsl! b~ and remsin jointly and swerally liabl~ for anY delicienty-The Bank thall attount to tM Maker tor ~ny wrplus but tAe B~nk shall haw tM r~ght co apply all a any psrt of wch wrplus (a hold the ssmt ss a reserve sgainst) srW and all othN liabilitia of each and any Obli9w to tM 8ank. Th~ Oblpo~s here- ; by waiv~ iny rgAtt of redtmptio~ sttN dsf~ult. ; S All psrtils liabl~ tw tM paY~?18nd ro~~ecuo^ he~eof: (11 s~ree to pay sll expMSes incurred or paid in tM protection o( Collateral w the e~(orce~nent herr s ot, whethK the 8ank is obligated thertfor or not, including attorney's (ees eqwt to 10~6oi the amount i~ dsfault or wch larger amount as may be reasonaWe f or ssrvic~s and ~xp~nses irxurred in tM M~orcemsnt hereoi ~ither prior or wbspuent to jud9rt~snt snd whether in judicial proceeoings w otMrwise, and also tnose costs, ~xpensss snd reasonaW~ sttaosy~s r~es incu~red in appellate proceedinps: 12) waive P~tseotment for payment. demand, ~otice ot ~on-paYment, nu:~ce of protat ai+d protest of this Note: (3) co~sent to snd waiw r+otice of sny snd all renewels a extensio~s of time, waivers, or mod+fications that may be g~anted by the Bs~c with respect to the payment a other provisions oi this Note or to the rolease oi sny Obligw or the Collateral or any part thereoi, with a w~ihout substitution; s~d (I) ag~ee that additionsl makers, endorsers, guuantors or wrstits may bacome parties hereto without notice to them or stfecting their l~ab~l~ty hNlunde~. • The Baok may at any tirtq ~n its sole discretio++compromise, settle or extend the time of payment of any of the demands a obl~gations, represented by any ct the tecuritia pladgsd he~eunder and all of the parties liable for the payment hereof hereby rtWke, to~stitute ar?d appoint the Bank, his o~ their true and iawtul at~orney fo~ this purpose with tull power a~d authority to compromise. seule o~ extend payment ot said demands o? obligations and to soquire, sstisfy or d'n- charge tM same af record w otherwise ss the psrties liable ta the payment a collection hereoi mght or could do ii personalty present. The Bank shall not ~be under any lisbility a obligation to take a~y steps whatsoever to fix any tiability upon o? to collect or to enforce payme~t of any oblgation plsdged as security nereur~de~ whether by giving any notite, p~esenting, demsndin9 paYrnent, protesting, instituting wit or otherwise. _ The Bank shall rtot by any act oi omission or commission be deemed to waive any of its rights or remedies hereunder unless such waiver shall be i~ writing and signed by the Bank and then only to tAe eztent speciticslly set torth therein; a waive~ o~ one event shall not be construed as continuing or as a bar to or ~.va~ver oi wth right or remady On a subsequMt event. The liab~lity of eaCh Obligw shall be absolute and untonditional and without regard to the liability of any other parry hareto. Any notice shall be witicie~t• Iv served upOn all Obligws by serving wch notice upOn a~Y ~~ligot. The notice slWll be wffitiMlly served if pleted in the mail, ppstage Prepa~d, addressed ~o, or ieh upon the prcm~ses of any Ob~igor at aoy address shown on the Bank's records. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION I EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE. ' ~ 912 Maxrell S.E.. Yrand RMids, MI. 49408 :s«~~ 2' ~ AODRE55 ~IG KER v . ISEALI w • . ADDRE55 E J~~ M• S~~~T~1NRE, OF MAKER Y 1 ~r.I i i . ENDORSEMENT In addition to the ~iability as e~dorsers, which the undersigr?ed he~eby aswme, for value received and intendirg to be legally bound, the undersigned (and it mo~e than one, each of them jointly and severally) ia) he~eby onconditionally guarantee the payment of tfie within Note and all extensions w?enewals thereot , and all sums payable under w by virtue thereoi i~cludirg, without limitation, atl amainK of principal and interest and all expenses (including attorneys fees, ~ .vhecher ir~curred in trisl or appelfate prottedingsl inturred in the to~tettion chereof, the enfprcert~ent ot rights thereunde? or with mspett to any security thert k +or and the enforcement hereof, and v~reive presentment, dertwnd, notice oi dishona, protest, notict ot protest and all othe~ notices whatsoever, and Ib1~0~a~t I and agree that they are bound as Ob~igo~s under the terms of and are wbject to all provisions set forth on the faet of said Note as fully as [hougF? they were each i a Maker thereof, and to the ezercise by the holder oi each and every right therein set forth w permitted by ~aw, all without notice to or consent of a~d without E - ~ ;ffecting the liability of the undersig~ed, and further corKent and agree that any of the undersigMd rrwy be wed by the holder hereof with or without joinirg ;,ny of the other endwsers or Makers of said Note a~d without tirst or contemporaneously wing aM/ wrh other persons, or otherwise Seekirg or proceeding to ; coi~ect from them or any of them. ~ f ~ (SEAL) ADDRE55 SIGNATURE OF GUARANTOR x n ~ ISEA~) ~ ~ ADDRE55 SIGNATURE OF GUARANTOR ~ ~ ~ ~ ~ :i G. a; ~ 'K~ zs - ~'r ~ ,a~s~3 c•r~ F~M ~ ~ ~ ~.67 f fl R 2,5~ P~E ~ g00K _ ~ ~ - ~ : ~ ~ .