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Home My WebLink About0403 ilpon the ocwrrence ol ao ~w~i of d~tault, tM Bank may ~ntUWt~ approprut~ ~psl OrotNd~nqt epa?ntt tht Obti9ort to obuin judprtttnt on the Note and/ or extrci» itt riphts ~nd r~m~d~ u a s~cur~d party u~ tM Flor~d~ Unitorm Comm~rcisl Cod~ or oth~r ~pplicabl~ law. If t1» Bank hat dNmect iu111 ~ns~cur~ or upo~ t1+~ occwrM~o~ ot w~nt of dN~ult, th~ 8snk shall hsv~ tM rpht, imrtwdiattly snd without tu~tMr sction by it, to set ofl ~qains~~tAis Nou ~II mo~ey owsd by tM B~i+k in sny cspacity to ~ad+ ~nd any Oblqw, and also ~o at otl p~inst all othK Ii~Diliti~s of qeh N4kK ta ~he Ba~k all rtroMy ovwd by the Bs~?k ~n a~y cap~city to qch and ~ny IN~kK. and tM Bank ~luli b~ d~m~d to haw ~xercis~d wch rpht ol tst off u~d ~o h~v~ msd~ s cMrp~ apainst sny wch monsy ~mmediat~ly upon~~l?~ oceu«~nct oi wch dstwlt w~~ thaph wd? chuy~ it mad~ a~ntK~d on tM books of tM B~nk wbsequtnt thtnto. Unloss th~ Co11~t- e~ai ii p~rishsbls a thr~ai~ni to dsclir?~ sp~~dily in vslw or is ot~ typ~'cus~omarily iold on i r~oopni=~d m~rk~t, Bu+k will ~iw ~M IN~ki. nafonabN noiic~ o~ ~he tirtM and pl~w qt uW puWic ss1~ t1?Kw( a tM tirt» ~ftu which ~ny privaa s~l~ a any othK int~~d~d dispo:ition th~rwt is to b~ m~. Th~ rpuir~- msnt ot ~~atonsbl~ notip shNl bs m~t if sud~ notia b msd~d. postap~ Dr~psid, co any IN~Iw st tM ~ddr~ss givN+ bNow a ~t sny otnK ~ddress ~owe on tM recads ot th~ Bank~'~t lesst 6 daYS b~fon ~tM tim~ 01 th~ ssl~ or diiposition. Upon ditposition ol sny Colluusl sittr tM occurttna ot any d~fault, th~ Obliyws shsll bs and nmii~ jointly and uv~~ally liabl~ ~or snY defici~neY. The Bsnk sM11 ~CCOUrit to the l1A~k~r for ~ny wrplus but tht 8ank shall hs~w th~ rigAt co apply sll a any psrt ol sueh wrplus (or hold che f+rtw as s r~rve ap~inst) arW and sll otAK liabilities of each snd any Oblpw to tM Bank. Tht Oblpas hera by w~iv~ any riphq ot nd~mp~io~ atte~ d~t~ult. - All psnNS li~bl~ tq th~ piYmMt ~^d co~~~ccion h~~wt: (1) sprN to paN sI1 expMSSt inturr~d o~ paid in tM proteCtion ot Collattrsl o~ tM tnfort~lnent here- ot, wh~ther tM 8i11k 1~ oblipated theretor w not. i~tludinp sttorn~y't Ites equal to 1~9~iof tM smount in dsfault or suth lar9er smount ~t may be reasonaWe tor stry~c~s snd ~xpMS~s inCUrrad in tM enforptn~nt htnoi ~ithtr priOr o? wbsequent to judyrtK~t ind wMtAN in juditisl proc~edinps or otlNrwis~. ~nd also tnose cosn, exp~nlN Mxf r~ssot~aW~ attwosy's tNS incurred in sppNlate p?oce~diry~: (2) wsiw prtst~?trtwnt tw payrtrnt, dsmatxl, notioe oi non-psyment, no[ice of protest ~ protat of tAis Moa: (3) cw~sent to and waiw notic~ of sny s~+d all nn~wels a~xiK?sions of time, wsive.s, or modif~utiont thst may be _ g~ant~d by tM Bs~lc, with respec~ to the payment a other provisioos ot this Note or to tl+~ rol~ ot any Obliyor o~ the Collate~sl w any psr[ Maeol, with a w~c~out substitucion; ind (1) ~N thst sdditional mak~rs, endo~sers, 9uanntors or wr~ti~s may bscome parc»s Mreto without notice ~o chem a slfecti~g tMi? Iiability hMwndQr. ' The 8ank may at s~y time in its sole discretio~ compromise, se~[le or extend cM tirn~ of payment oi any of ~he demands a obligstions, r~presented by any of the sscuritiet pled9ed hereunder and all of the parties lisbk tor the payment hereot hereby msk~, corqtitute and appoint th~ Bsnk, his or tMir ttue and Iswful attaney tor this purpqse with tull power and suthority to compromi~e, settk o~ extet~d psymsnt of said dem~~ds w obligstion: and to aoquin, ~atisiy w dis- ~y ~ r"S:S::~~a:ij is:csc:a:. z csa::-. Charq! lhO ff111! O~ fKOfd O~ OLIIR~Nnff af i1M lNi 118Di! i0~ tP1! /1'Mfli (i~ C6iieiiivil ilit60i ii'i- 7c sti c:::siu :s.s if = T-`' Q"'6 s~=~~ "u• ~ under any lisbility or obligation to take any steps whatsosver to fix any liability upon or to tolleCt or to enfOrce payme~t oi sny obligstion Pledged as feturity hereunde? whsther by 9iving snY ~otite, p?esenting, demsnding paYment, protestirg, irutituting wit or otherwise. The Bank shsll ~ot by snY aCt oi omissiot~ or Comrnistion be deemed to waive any ot its rights or remsdies hereunder unless suth wsiver shall ba in nniting and sipned by the Bank and then only to the extent specificelly sst iwth therein: a waiver o0 ons tve~t shall not be construed as co~tinuing or as s bar to or wa~ver ot wch ri~hht or remedy on s subsequent event. The liability of esch Oblipw shall be sbsolute and unconditio~al a~d without regard to the liability ot any othe? party hereto. Any notice shall be sufticie~t- 'v se.ved upcin all Obiigors by serving wch notice upon a~y one Obligw. The notice shall be wfticiently served ii placed in the msil, postagt Prepaid, addressed to, w lett upon the premises of any Obligor at any sddress shown on the Bank's rec~ds. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION EACH MAKER ACKN04VLEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE OATE. r (SEAL) SIGNATURE OF MAKER P 1n~ ISEALI ~ ~ ADORE55 SIGNAT E OF M ER ~ ~1 ~ ENDORSEMENT In addition to the liability as endorsers, which che undersigr~ec! hereby aswme, tw value received and intending to be legally bound, the undersigned (and if rnore than one, each of them joinUy a~d seve.ally) (s) hereby unconditionally gua.antee the payment of the within Note and all extensions w renewals thereof and all wms payable under ot bY virtue thereof'ineluding, without limitation, all amounts ot principal and interest and all expenses lintluding attorneyi taes, whether incurred in trial or appellate proteedings) i~fturred in t1?e collettion thereot, the st~tOr~~t of righu thereunds? or with respsct to sny security there- for and the enfwcement hareot, and waive presentment, demand, notice ot dishonor, protest, notioe ot protest and all other notices whatsoever; and (b) consant i and agree that they sre bound as Obligors uncler the terms ot and are wbject to sll provisio~s set fo~th on the fact of said Note as fufly as though they were esch ~ ~ Maker thereof, a~d to the ezercise by the hotder of each and every right Merein set torM a permitted by law, all without notioe to w rnnsent of and without i atfectirg the liability ot tl~e undersigned, and (urther consent and agres that any of the undersigned may be wed by the Aolder hereof with or without joining ~ nny of the othe~ endorsers or Makers of said Note and without tint w co~tempora~eously wing a~1/ wch other persons, a otherwise seeking w prooeeding to ~ cunect from them a any o( chem. i t i ~ (SEAL) ADDRESS SIGNATURE OF GUARANTOR (SEAL) ADDRE55 SIGNATURE OF GUARANTOR ~ ~ ~ ~ ' ~ ~ ~n: 4 ~ ~ ~ :~s ~ ~ 6G'RJK~o~ PA~E 39 ~ w:_ ~ . ~ ~ - _ . - - - - - - - y ~ - - ~ K ~ - -~-r~~«K-~-~~, ~ - -