HomeMy WebLinkAbout0449 tlpon !h~ occurr~nq of ~n wtnt ot d~lsult. !M Bsnk may i~ttituu ap~propryu IqN p~ocMd~ a~s~~st the Ob~~9o.: to obta~~ judqrn~~t o~ iM Note and/
o~ lxNCIN itt riphts and r~m~di~s a a Wcu~~d party undK th~ Flor~ Unito~m Canrt~aal Cod~ or odw ~p~plicabN iaw. 1( tF+~ 8ank ha~ d~m~d 1tse11 1~s~cur~:
o~ upon tM occurn~q ot ~n ~wnt of d~fault, tM B~~Ic thall hav~ th~ rpAt, emm~d~atNy and vind?out furtMr attwn by it, to s~t oll spslnst thit Not~ all mon~y
owed by ~hs 8snk i~ ~ny cap~city co ~sch ~nd any Oblipor, ~nd alao ~o at ofi ~~nst ~11 oH+w Iyb~l~cia of Nch M~kK to tM 8ank all money owed by the B~nk
~n any capa~ity to ~ach ~nd sny Msktr, a~d tM 8ank sANI b~ d~enwd [o hs~r~ exKCb~d sud~ rqht of stt oft ~nd to hav~ n+xlt ~ chary~ yainst any wch money
~mmedi~t~ty upa+ iM oaurr~np of wch d~fwlt ~wn thoupA wd~ cA~rpe is ~~x1~ w~nu.sd on tM boolcs of tM 8ank wbspwr?t c1?a~to. U~leu the Collat-
era~ ii p~r~shabl~ o~ thrNa~?s to d~clin~ sp~~dily in v~Iw or is of a cyp~ cusiorearily w~d on ~ noooni:~d nrrlc~t. thf Bil1k Wi119111~ lM MikN ~NfO(I~bl~ r10tIC!
o~ ~h~ tinM snd plec~ of ~nY public wM tMr~ol w tM tim~ aftK whitA anr privsM sM~ or any oM~? inqnd~d dapos~twn tAKOOf is to b~ ~n~[A. TM +puire-
ment oi rWwnsbb noiia sAa11 b~ rtwt if wd~ nocip b m~iled. postap~ prpsid, to any Wksr p d~ addr~ss 9ivM p~low or st any othK add«u shown on tM
records ot tM Bink, at lesst 5 d~ys befon tM tirrn ot [M sat~ or dqpo~iuon_ tl~ron di~poaition of any Co11~~era~ sft~. th~ occurr~ oi s~y dNeul~, che
Obli~xs shall b~ snd ~~msin jointly and sev~rally liable lor snY dsf~cNncy. TfM 8snk ~hNl aooount to tht IMilcer fw a~y wrplus but tM 8ank shall hav~ iht rlyht
to appty ail o~ snY part o/ tucA surplus lw Aold tM ~arn~ at s nsarv~ sati~d ~ny ~d ail otMr li~b~l~ties o( ~ snd ~nY Oblgw to tM 8ank. Ths Obtqors here-
by wsivr any ~iphts of rWtmptiqn ~ItN detiult. .
Alt prrtiq li~bl~ for iM pay~rrnt snd coll~etion M~eof: (1) ~pne to pay s11 exp~ns~s incurr~d w psid in th~ p.ot~ction of Collstersl w tM ~ntor~nt her~-
oi, wMtMr tM Bank is obliyated th~nta or not, includinp attornry's f~ sqwl to 10~of eh~ art~ouni ;n d~fw~e or wch Isrg~r smount as msy bs .eswnable
ror strvicK ~nd ~xp~nf~s incurr~d in tM sntort~m~nt Mtwf titf~ prior ot wC~qu~nt to jud~nent and wMt~a ~n juditial prouedin9t o~ otAt~wis~. snd slso
thuse cosq, ~xp~nNS and r~aspnablt a~twrNY's tNS i~cwnd in ~Nlste p~oaedirgs: (2) vw'w pra~nar~~t for psym~~t, dem~nd, ~otip of ran~psyment,
notite ol prOt~st end protest OT thit Not~; (31 consent to and wsiv~ notie~ ot any snd s11 ~ltM~lYNf p f~[tM1~iOni O~ tinll, wsw~.s, a modif;cstions thst may bs
g~amsd by tM Banlc witA r~sp~ct to th~ payrtrnt or othe~ provis~o~f d this Note or w tM reNai~ 01 sny Obliga or the Collattr~l or any psrt thueol, with or
.v~;hout wbaitucio~; and (4) sprss that sdditioosl mskKS, a~?dorse.s, yuarsntors or wntia msy beoome parti~s ~arem without nocice to them a a/t~tting their
liability hK~ulld~r.
The 8ank msy st any time in its sole discr~tion.compromiq, settk os extend Me t~m~ ot p~yrn~nt of any oi the demands or oblgations, represented by eny
of ihe sscuriti~s pl~d~d henuncfer and all of the parties lisbls fo~ the psyment hereof he.eby mak~, ~w~stitute and appo~nt the Bank, his or tAeir true and Iswiul
attorney tor thit purpote with full power ~nd suthwity to tomp~omisf, senk a e:ta+d psym~nt of sad de~rw+ds w obligat`ons and to soquirt, piisiy or d'es-
cnar9e tM sartto of ~ecard or otherwise as tlie ps.tia liabl~ ia tM psyment or collectiw+ hueof mghc o. could do if pe.sonally p.esen[. The Bsnk shall ~+ot be
undgr any liability or obligation to ake any steps whatso~ver to fix any lisbility upw~ o. co colNct w to eniace payment of sny oplgauon Pkdged as security
hereur~ whethtr by giwnp any notia, p~eseruirg, demsndiny psyma~~, protatinp, inscitut~n9 wit or ocNerwise.
1'?~e Bsnk sl+all no[ by any act ot omiuion w commission be dacmed to wsive sey of ~ts rghu a ren+edies hereunder unieu wch waiver shaN be in writing
and signad by the Bsnk and then only to the exteni sp~ciliqUy set fptA therlin; a waive. on ooe eyent shalt not be tonstr~d as cp~tinuing Or ss a bsr to or
w~a~ver ot wch rght or ~emedy oo a wbsequent event. ~
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The liability of each Oblyw shsll be absolute s~d unco~ditionsl snd wiMou[ regard io ihe l:abdity of any o[he. partY hereto. My notice shsll pe wtticient- • ,
iY servad upp~ sll Obli9prs by servirg wCh notite upo~f amr one Obligor. Th! not~oe shatt be suffititnily served ef plated in the msil. postage Prepgid, addres7et!
ro, or left upon the werr~ises of any Obligo~ at any address sAown on the Ba~k's .e~ords.
NOTtCE: SEE OTHER SIDE FOR IMPORTANT tNFORMATtON
EACN MAKEFi ACKNOWLEOGfS RECEIPT OF AN EXECUTEO COPY OF TNIS NOTE ON THE A80VE UATE.
- ~71 T!~I~, Lttl~t~ Bea~,~1~ 329.3Z_ tsEau
AODRE55 S~GNA RE OF KER
~1 Joi~ l. Fnnlcti•
ISEAL)
AO~DRESS F~~ C'
ENDORSEMENT .
~~~~~i r as ~e~~ id+ the undersigned her~by auume. lp ralue reae~ed and intenditg to be legally bound. the unctersigned (and it ~
more th~~ one, each o them jo"i~l~and altyl ta1 hereby unconditio~ally g~wantee the psyment d d+e wichin Note and all extcruan: or renewals thereoi
a#! sums gayabla under a by v~ ue thereof includirg, without limitation. afl artwu~ts of pir~ip~l and in~erest and all expenaes (including atto.neyi fees,
whether incurred in trial or appellate prooeedings? inWrred in the cdbciion thueoi, tAe p?fqrten~t Of rghts thereundar p with respcct to aM/ security there-
tor and the Mforoement hereof, and waive presentme~t, dem~nd, notioe of dishorwr, po~est, notioe of proLest and all other no[ices whatsoever; a~d (b) consent
and agree thst chey sre bound as Obligors under the te?ms ot snd are subjeet to al! provisions set ford~ on the fxt of said Note as futty as though they werc each
a Maker thereoi, and to the ezercae by the holder oi esch and every ri~+t Me.ein set fo.Lh o? permitted by Iaw, all without notice to or consent of and without ?
aitecting the liabiiity of the u~dersig~ed, a~d further to~aent and ag~ee that any o~ the undersigned may be s+ied by the holder he~eof with or without joining
any of the other endwsers or Makers of said Note and without first or conrerrpwaneoeisly aiirg any such oMn persons, or otherwise seeking or proceeding to
coilect irom them or any of tl~em.
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AOORE55 SIGNATURE OF GUARANTOR
ISEAU
ADDRESS SIGNATURE OF GUARANTOR
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