HomeMy WebLinkAbout0387 llpon th~ occurr~~c~ of ~n w~o1 0l dNault, tM Bank may mstitut~ appro{xiau Ipd p~OtMd~~?pt apa~ntt th~ Obliyo.s to obum ~udprtwot on tM Note and/
ur ex~ru» its nqhlf ~od r~m~dNS as ~ t~cur~d pirty un[Mr tM Flprid~ Unitorm ComrMrdal Cod~ or OtA~r ~ppiicable Isw. If t1t~ 8ank hat dee~ned ~tsell msKw•
o~ upon th~ oocurrMw o~ an ~nt of d~lault, tM 8ank sAall h~v~ t1+~ riyht, irnm~iutNY and without IurtMr ~ction by it. to iet ofl s~~rui this Noq all mon~y
owed by tM 6ank in any cp~ciiy to ad~ ~~d any Oblipor, and alio to s~t off apaimt ~II oMir li~biliti~ of ~acl? MakM [o ~h~ Bank s11 mo~?~y ow~d by th~ 6~nk
~n any CapaCity to ~ad? and ~ny Nbk~r, ~nd th~ Bank shall b~ d~tm~d to Mw ~xe~cissd wth rpht of ~t off ~nc1 to ha~ m~d~ a tharps aqainst inY wcA mw?~y
~:nmsdiat~ly upon th~ octur~~nce of wch d~f~u~t ~wn thw+yh w~ch ~h~p~ is mad~ o? Mt~r~d on tM book~ of iM Bsnk wbs~qwnt ~h~r~to. Unl~ss tA~ Collat•
eral is pK~sh~bl~ a thrNtw~s to datlin~ tp~dily in valw o~ is o( ~ typ~ customarily sold on ~ nco~niz~d muk~t, th~ Bank wi119iv~ th~ INekt~ r~ssonabl~ notip
ot ~~e tirtr snd plsn of ~y public saN tM~~a( a tM tirm ~(a? whid~ any privan ssN w any otf?K int~rKf~d disposiiion tM.wl is to b~ rr?ad~. TM requir~-
ment of nasonibN ~fotip shall b~ rn~t it tuCh notiq i~ miil~d. posup~ pr~sid, to any MakK ~t tM address g~ bNow or ~t any otAN iddrtfs shown o~ tM
+eco.ds o1 th~ 8~nk, ~t leut S dayt b~fw~ tM tirn~ of M~ s~q or ditpwition, l)pon difpo~itio~ of ~ny Coll~t~rN a(tK th~ occu~rt~w ot any dttsult, tn~
Gbligors shsll b~ and nmsin joi~tly a~d swerally ti~bt~ tor sny d~f~ci~ncy. TM 6ank tl+sll account to tM Maka fa a~y wrplus but th~ 8ank tMll haw tl+~ right
co apply sll w i~y psrt o/ such wrplus (a hold tM s~ a a r~rw ap~+nsil s~lr and ~II ot1+N liabiliti~s ot aad+ snd snv Obligo. to tM Bank, TM Qblipors h~re-
bv waiw anv ~ipht: ot r~mption aftK d~iwlt. ~
All p~rti~s li~bb (w the psym~nt and coll~ction Mroot: (1) ~N to pay ~11 ~xpMf~s i~cu~nd or psid in tM prot~ction ot Collatfnl w tM enforesinsnt htrt-
oi, wheth~r tht Bank is obliystad therafa or not. inctudirp attan~y's fNS sqwl ta 10Xio1 t1N amount in dtfault w such Iarp~r amount ss msy ba rteso~aWe
tor s~rvips ~od ~xp~ns~s incu~r~d in tM eniwcem~nt her~of eith~r pria w wb~queot to jud9mtnt snd wMtM. in judicial {xocMdinps w otM~wis~, uid aIw
cnose coscs, •xp~ns~t ~~d nssonsW~ sttwn~y's t~y incwred in sppellate p~oce~tiinps: (21 waiv~ pr~ntrr~+e /w paym~nt. dem~nd. notiu of non-paYrn~nr,
~oc~ce o( prot~tt snd protest of this Not~: 13? consent to snd waive notia ot sny srxl all renwwls or ~xt~nsions ot tirr~, waivers, a modifications [hat may be
9~anted by tM Ba~it with resp~Ct to tM payment p othK p~ovisio~s of this Noa o~ to tht roleafe of any Oblipa or tM Cotlatersl a ~ny psrt theroof, with or
w~ihouc subs~i~ucion; snd l4) ayrN thst additqnal makKS, ~nclorse~s, gusraotor: w wnti~s m~y D~com~ parci~s hueco wichouc nocice co chem a atteccirp tMi?
I;ability hNWnd~r.
T?~e Bank msy ai s~y time in its sols discretio~ compromise, seisle or extend tM t~rt+e ot payment ot ~ny ot tM demands a obli~ciau, repnsMted by any
of the seturities pt~tl~d he~aunder and sll of the parti~s liabk for the paymMt Mreof hereby make, Corntitute and appoint the Bank, his ot tf~eir true end taw(ui
r+•:.r.... ..rrti f~~11 ~ww and authaity to eompromisa. iettle w extend payrt~t ot taid dtm~nds a oblipstions and to scquin. s~tisfy w dit-
charge the ssrrk pf ~stord or oth~rwise as tl~s partNS lisble ipr ihe psymsnt or Collactiori herepf mipht or Coulcf do ~t per3pna~ry press~t. i ne oanw aiwii ~wii ~is
under a~y Iisbility or obligation to tske a~y steps whatsoever to fix any liability upon o? to colleet a to enforce psyment oi eny obligation pledgW ss security
hereund~? wh~thlr by 9iving sny notiCe, p~etMtinq, demsndinp psyrt~t, protasting, irKtituti~p wit or othNwise.
The Bank thalt ~ot by anY sct of Omission o~ commitsion be daerttied to waive any of its ~iphts or rerrMdies hereunder unless such waive~ shsll be in nniting
and si9nsd by the 8snk and the~ only to the txt~nt specitically sat fath therein; a waiver on one event shall not be con:trued as continuiny a as a bar to or
~,vaiver of such rght o? rertNdy pn a:uDsequent event.
The liability of each ODligor shsll be absolute snd unconditio~al and without rogard to the liabil~ty of any othe? party hereto. Any ~otios shsll be wfficicnr-
iv served uPon all Oblipo~s by serving wch notice upon sny one Obligor. Ths notioe shall be wffic~ently terved if plxed in the mail. postage Prapaid. addressed
to, or left upw~ fh~ prem~ses of any Obliga at any address shown on tAe Ba~k's records.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION .
EACN MAKER ACKNOWLEUGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE O THE ABOVE OATE.
ISEAL)_ ~ ~~~G( /f"r~~~
A S Jani~d'~: `~a~ ~t,KER
fSEALI
AODRESS SIGNATURE AKER
Juanits J. M ctt
ENDORSEMENT
In add~tio~ to the liability as endwsers, which the undersigned herehy assume, fw value received and i~tending to be kgaUy bound, the undenigned (and if
more then Onl, each of them jointly and seve.a11y) Ia) hereby unconditionally guaran~ee the payme~t of Me within iVote and all extensions or ranewals ihereof
and all sums psyable u~der or by virtue the~eoi includ;ng, without limitation, aU amou~u oi pincipal and ;ntetest and all expenses (including attorneyi fees,
whether incurred in trisl w appell;~te proteedingsl inWrred in the collection tNereof, the enfprcert~gnt ot rights thareunder or with respect to any slcurity there-
tor zr?d tM enforcement hereof, and vwivs presentme~t, dert~w~d, notice ot dishonor, protest. notice ot protest sod att other notices whatsoever; and Ib) cortsent
ar,d agree that they are bound as Obligo.s under the te~ms ot snd are wbject to atl provisions set forth on the tsct ot said Note as tully as though tAey were each
a Maker the.eof, and to the exercise by the holder ot exh and every right therein set torth a permitted by law, atl without notice to o? consent oi and without
af fectinq the liability of the unde~sig~ed, and further consent and agrce that any of the untfersigned may be wed by the hofder hereof with or without joini~g
any of the otAer endo.sers or AAakers ol said Nots and without tirst or co~ternporaneously wirg any wch other persons, w otherwise seeking or proceeding to
collect from them w any ot them.
^ (SEAL)
ADDRESS SIGNATURE OF GUARANTOR •
(SEAL)
ADDRESS SIGNATURE OF GUARANTOR
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