HomeMy WebLinkAbout0441 Upw? tM ocwrrenc~ o~ an ~ve~t of detault, tM Ba~k may ~nsuiu~e appropr,a~~ Ip~l procMd,~t apa,nit 1M Obi~yo~z to obta~n ~udqrt?~n~ on iFN Note and/
u~ extrcis~ itt riyht~ s~+d r~rMdNS ss s wcur~d p~tY undK tM Flqr~da Unifwm Commtrual Cod~ or otA~r ~ppfic~bl~ Iaw. It th~ B~~k has d~Md itNlf i~a~cur~
or upon tM occu~rtnq of en tvtnt of ~fsult, tM Bank sAall haw tM r~qAt, in?m~duttly and wi[hout lurth~~ sction by it, to sp otl asalnat thif Nou NI moMy
uwed by the 8a~k in sny capacity to tach snd ~ny Obtipor, snd also to stt oit apai~st alt oth~r I~abilit+a of ~~ch Maka to tM 8s~k sll mon~y ow~d py tM Bsnk
i n a~Y CapiCity t0 NCI? snd ~ny M~k1~, ~I1d tM BN1k fh~ll b~ dlefll~d t0 hiV! 07rffClf~d fYCA ?qht O~ f~t O~~ ~fld t0 hiY~ f11ad~ ~ C1N~Q~ lQilfltt My fNiA rt{Ofi~y
~mm~diattly upol~ tM otCUrrtnC~ 01 tuth d~feult w~eo tbouph suth tharp~ is rt?ad~ o~ Mte~~d on tM bo0ks of th! Bank wbspu~nt M~r~to. Unl~ts tIN Collst-
e~al is perishaW~ pr thrpt~ns to dsclir?~ sp~edily ~o vslue or ~s ot a cyp~ cu:iomuily w~d on ~ r~oqn,:~d muk~t, tM 8ank wi119iw tM Maktr rqso~abM notiq
of tM IIMi Nfd pl~ Of ,ny pubtit fal! th~rp( p~ tlf~ tlrtM i(tfr Whi~h 8ny priv~t~ i~l~ M k1y OtM~ Mltfnd~d difpOSlti011 tMrWf it t0 b~ lftidl. Th~ rpui+r
ment ot ra~swnsbl~ notia shall b~ m~t ~l wcA rwtia is mad~d, poua~e prepaid, to any Nlik~r ~t tM addreu yiwo bNow o~ at sny other ~ddrtss show~ on tM
reco.ds of th~ Bank, •I least 5 d~ys b~lon tM tim~ of th~ sal~ o~ dispo:ition. tlpon d'+sposition ot +ny Collat~rsl ~far tM occurr~np ot any d~twlt, tM
Oblgwt sAall b~ snd r~main jointly and s~v~qlly lisbl~ tor a~y dei~tiency, TM 8a~k s1uU aCCOUnt to th~ Mak~r for a~y wrplus but tht 8ank shall hav~ tM rpht
~o apply al! a anv pu~ of such wrplus (or hold [M same n a res~.ve aps,nsil any snd all o~hK liabiliti~s ot ~~ch and any Obl+~or to tM Bsnk. TM Oblqws he~e-
nv w~ivr ~ny ~iphts of rWempuon aft~r d~fwlt,
All psrtNS Ii~W~ tor th~ piyrn~nt shd totl~Ctio~ Mrw(: (1) ~gr~e [o psy all ~xp~ns~s intu?red or paid i~ th~ prot~Ction ot COllateral or tM Miorc~ry~nt hKt-
of, whtther tM 8ank i= obtigated therelor or not. includinq ~ttantyr': ~e~s evw~ to 10%ot the smount ~n d~tau~t a sucA ~srg~r smoune a may bs re~son~1~
~o~ s*rvites and ~xp~~ue! ~ncurred in th~ Mforpmtnt hereOt ~itAsr ptiq pr wbssquMt to judymsnt ~nd wMther in juditisl prot~edinps pr otlNrwit~, snd sl~o
ihoss cOSts, ezp~ns~s a~d reasonabl• attorney's f~es incurr~d in appellst~ {xocl~ding~; (2) wsiw pres~~trrNnt ta payrn~nt, demind, nOtite ot nwlpsym~nt,
~o~~ca ot protat and pro[esi o/ this Note; (31 co+~sent to and vraivr notice of any aad sll renewsls o? ~xtensions of time, wsivers, w modilications th~t m~y b~
g~anted by the BaN~ with respect to the payment or oth~r prov~i~ons ot this Note or to the nlease ot sny Obligor o~ tM Collateral w any part thKwf, with or
~v~chout wbstitution; s~d (4) agree that additional makers, endorsers, gua.antors w wreti~s may becoms ps~t~es her~to withaut notice to them or af(kting tMir
I~ability her~und~r.
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tA~ Benk may at any time in its tole disc?etion tompromise, settk o? extend the time of peyme~t of any ot the demands or obligstions, represant~d by any ~
o( the sscuritist pledg~d he~eunder and atl ot the pa~ties liable for the payme~t herepf hereby mske, constitute a~d appoint tht Bank, his w thei~ ttu! a~d lawtul ;
a~torney~ to~ this purpose with tull power and authority to compromise, seitie or eztend paymsnt of said dertyndt w opligations and to soquir~. ratisfy or dis-
charge tM sartr ot ratoid a othaw,se as iha partiss liable tor the psyment w collectio~ hKeot might or coutd do if parspnally present. The B~nk shall not be
unde~ any liability a~ obligatior? to take any steps whatsoever to hx any liability upon w to collect w to eniorte payment of sny pbligation plsd9ed st sseu~ity
hereunds~ whether by giving a~y notite. prese~ting, demsnding paYme~t. Protesti~g, instituting tuit or othRrwise.
Th! Bs~?k shall not by ar?y act of omission w commission be dee~~ed to waive any of its rights w remadiK hereunder unlKS such waiver thaN be in writing
and s+g?~ed by the 8ank aiid then o~ly to tAe sxtent ipecitically set torth the~ein: a waiver o~ one event shall not be construed as continuiny or ss a bsr to or
waiver of such right or remedy on a subseque~t event.
The liability of eath Obligor shall be absolute and unconditio~at and without regard to the liability ot eny other party Aereto. Any notice shall be wHitiMt-
~v ~~d ~Pon all Obligo~s by ss~vi~g wch notice upon any one Obtgar_ TAe not~oe shaU be wfliciently fe.ved i/ placed in t1?e msil, postage prepsid, addrsssad
co, or left upon the premises of any Obligw at a~y address shown on the Bank's records.
NOTlCE: SEE OTl1EA SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWIEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE.
I ~~r fciyn.~~~ Indiat ntfC, Fl 32A1)3 fSEAtI` ' `
ADDRE55 SIGNA URE OF MAKER t
Maynt Enqene R~rch
(SEAU
ApDRE55 SIGNATURE OF MAKER
ENDORSEMENT
In addi~ion to the liabili~y as endorsers, which the undersigned Aereby aswme, for value rcce;ved and inte~ding to be kgally bound, the undersignsd (and if
more than ooe, eacA of them jointly snd severally) (a) hereby uncond~t~onalty guarantee the payment of the within Note and all exte~sions or renewals thereof
and atl wms payabte under or by vi.tue the.eof inctudirtg, w+thout I~m~tation, al! amounts of principa! and inte~est and all exper?ses (including sttornsys faes, '
whesher incu~red in trial or apnellate proceedingsl inturred i~ the collettion thereof, the eniorcernent of rigAts thereunde~ or with respect to ar~y security there- ;
!or and the enforceme~t hereof, and waive presentment, derrw~d, notice ot dishonor, protest, notice of protest and aIl otAer notices whatsoever; and (b) cpnsent
and agrce thst thry are bound as Obligo~s under the te~ms of ar~d are wbject to atl p.ovisions set forM on the fact of said Note as fully as ihough tMy were eseh '
a lNaker thereoi, a~d to the exercise by the holder of exh and every right therein set forth or permitted by law, atl without notice to or co~sent of and without
affecting the liability ot the undersigned, and turther tonsent and agree that any ot the undersigned rnay be sued I~y the holder hereof with or without joininy
any oi [he other erxiorsers or Makers of seid No[e and without tint or contemporaneously wing any such ott~er perwr?s, or otherwite seeking or proteedi~g [o
collect trom them a aoy of them.
(SEAU
ADORE55 SIGNATURE OF GUARANTOR '
ISEAL)
ADORESS SIGNATURE OF GUARANTOR
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