HomeMy WebLinkAbout0457 Upon ths occu~rsnc~ ot an sv~n~ of dNsult, tM Ba~k msy instrtut~ spproprNq Ipsl p~ocNd~np~ ap~intt th~ ObG9o~t to c.bla~n ~udsrtwnt on th~ Note and/
~r ex~rci~ its ~i9ha and .~med~es at a s~cur~d puty und~~ tM Ftorid~ Unifam Comrtwrcul Cod~ or otMr ~pplicabl~ law. It tM Bank hss dMmW ~isslf ins~cur~
o~ upo~ tM occurnnq oi a~ ~wnt ot d~(ault, tM 8ank Malt Asv~ ths nyht, inurwdiatNy a~d without furtM~ xt+on by it, to sst otl sp~nst thu Not~ sll monty
owed by tM Bank in any cspscity to ~acA ~od any Oblpor, and also to s~t oft pa~~t ~II o[hK IiabiliNa of ssch Mak~r to tM Bank all mon~y orwd by iM Bink
~n any capacity to ~sch a~d s~y Mak~r, sr+d tAe 8ank sh~ll b~ de~~wd co hava ~xpc~»d wch rpht of t~t oif snd tp h~v~ mad~ ~ chyrqe ep~~nst any wch mor?~y
~mmadiately upon th~ occurrenc~ ot wch d~fwlt w~t~ thouyh sucA charq~ it rtwdi w Met?~d a~ tM books of ~hs B~nk wbspwnt thento. Unlsss th~ Coll~t•
eral is perishabl~ or t~reat~ns ~o decline sp~~dily in vslue w it of s tyq customarily wId on a ncopnii~d rt?~rk~t, th~ 8ank vrill giv~ tM Mak~r rwsonsbls ~otiu
oi th~ tim~ and plac~ ot any publit tab tMrpf p[M tim~ ait~r wAicA sny p~ivaa sal~ Or iny othN int~nd~d disposition thKwi i~ to be mKl~. Th~ rpuin-
rnRni oi rNSOn~bt~ notip shs11 b~ m~t if wcA notio~ it mail~d, posispe p~~paid, to any Malc~r it tM sddreu piven DNow w ~t anv othK sddreu ihown o~ iM
recwds of th~ 8~nk, at Nast 5 days b~lon tM tim~ of th~ saN a dispositio~. U~pn diq~psitio~ ol ~~y Coll~t~r~l alta tM occu~?anw of ~ny dttault, th~
Obligors sl?ill b~ a~d tert?ii~ jointly snd ~~rtrslly IiaW~ fw e~y d~fiti~~cy. TM Bank shall actount to tM MikK to? anV wrplus but the 88nk ihslt haw tM right '
to appty atl a any part of wM wrplus ta hok! tha qm~ as s rtse~w against) any and all othN lisbilitiy ot esd+ and any Obli9or to tM 8ank, TM Oblpors Aers- ~
bY waiv~ inY riphtf OI r~mptiOn ettN tN(sUlt.
All parti~s lisbl~ (w th~ payme~t ar~d coll~ct~on hereot: (1) spra to pay a11 exp~ns~s incu~red w paid in tM protettion o( Collst~~al or the ~nforp~nent hen-
of, whethK tM B~nk is obligated thtrefor or not, includinp stto~aty't tees equal to 10~ot tM ~mount in dtfault w wch larq~r emount at may b~ roaionabla
fur s~rvic~t a~d ~xp~nies incur.ed in the ento?cem~nt herwi ~ither prior w wbsequent to judpnwot ~nd wMt1?K in judicial proc~edin~s pr othtrwiss, and ~Iso ~
tnose coscs, •xptnsst and r~ssoneble attorMy's f~ inturred i~ apptliett proteedirgt: (2) wsivf presMtmMt for psYment. demand, ~otid of no~-p~yment. ~
not~p of prot~st and protest of this koa; (3) to~sent to a~d wa~w notiq ot sny snd ati renawals or ~xtMSiw~s of tims, wsivsrs, or modi/i~cstiont that msy be .
q~anted by the Barrc witb respec~ to the paymant a otAer provisio~s of this Note or to che relea~e of ~ny OWiga w cM Cotlateral a any par~ chereof, wich w
~viihout subttitutio~; a~d (4) agr~ that sdditionsl mak~rt. endorsers, puarantors or wreti~s miy bKOrt~e psrtia Mreto without nouce to them w atfsctinp tMir ~
~~ability hK~under. . i
The 8ank msy st any time in its wle dixretion compromis~, settk or extend the time ot payment of a~y oi t1~s demands or obligstions, reprssentW by a~y
ot [he securiti~s pl~dysd herew+der and all of the parties liabta tor the payment he?eof Aereby maks, constitute and appoint the Bank, his w their true snd lawiul
atcorn~y tor this pu.pose witA fuU povre. and wthaity to compromise, iet[le or extend psymant of iaid d~msnd: w obligetions and to scquin, s~tisty a dis-
charge ihe sams of record or otharwise ss the p~ties IisWs fw the payment W collection hersot might ur could do if personalty p~esent. The Bank shall not be :
under any ~isbility or obliyation to take any steps what~oever to fix any liability upon or to colleet o? to enforGe payrtie~t ot any pbligation pledged as secu~ity
hereundsr whetAer by 9iving any ~otice, presentinp, demsnding payrt~ant, protesting, instituting wit or otherwise.
The Bank shall not by any act oi omission or commission be deemed to waive any oi its rights w romedies hereunder unless such waivar shail be in writing •
and signed by the Ba~k and then only to the extent ipecitically set fatA the~ein; a waiver on one evem shall ~ot be construed as continuing or as a bar to o?
wa~ver of such ~ight M remedy o~ a subsequent eve~t.
The liability of each Obli9or shall be absolute and untonditional and without regsrd to the lisbility of sny other party hereto. Any notice shall be wffitient-
:v servad upon all Obligors by serving wch twtip upon sny one Obligor. The notite shall be wt(icientN served if plsted in tAe mail, postege prepaid, add.essed
ro, or lefi upon ths prcmises of a~y Obligo. at any add?ess shown on the Baok's reewds.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACN MAKER ACKNOWIEDGES RECEIPT OF AN EXECUTEO COPY OF THIS NOTE ON THE ABOVE DATE.
i32b3 S. 5tb Stt~wt; School~r+aft. M1. 49087 (SEALI ~~~~.'XX.~
ADDRESS ~~s ~ ATURE OF MAKER -
~?ZG.~ S. SL~! St!'Q~'~s 5.;~lOOjC!'~ft• ISEALI~
AODRE55 ~i ~TUR F MAKER .
; EN40RSEMENT
;
In addition to the fiapility as endorsers, whith the u~dersigned hgreby aswme, for value reteived and intendirg to be k~gally bpund, the undersi$Md Iand i(
more than one, each of them jointly and severally) (a) hereby uncondieiohally gusrantee the payment of the within Note and all exte~sions or renewals thereof
and all wmt payable under or by virtue the~eoi inctuding, without timitstion, all arnou~K of principsl and inte.est and all expenses (i~cluding attorntys' iees,
~+++he[her incurred in trial w appellate proceedirgs? i~curred in the collection thereof, the enfor~ert~ent of ?ights thereunder Cr with respeet to any seturity there-
for and the enfor - ° -
Ctf11Bf1t ~1EfE0}, arxl wawe preseMme~t. d@I1WfKi, (IOItC@ Of OISiIOnp. ~rUiOSi. iiUi~Cl1 Vi ~UIOi[ eilii di1 iliiiei :wi:~oi n::o:s~s-a`-fci~ 6iiiJi ~i~'if ~v:.:;:i:
and agree that they are bound as pbligo.s u~?der the terms oi and ue wbject to all provisions set torth on the fact of said Atote as futly as though tAey ware each
a Maker thereof, and to the exercise by the holder oi each snd every right therein set forth w permitted by law, all wichout notice to or conte~t of and without
affecting the liability ot the undersigned, and (urther tonsent and agree that any of the undersigned may be wed py the holder hereof with or without joining
any of the other endorse?s or Make~s of said Note and without /irst or co~tempwaneousfy wirg a~y wch other perso~s, o+ otherwise seeking or proceeding to
collect from them or any of them.
(SEAL)
ADDRESS SIGNATURE OF GUARANTOR
(SEAI)
AODRE55 SIGNATURE OF GUARANTOR
:
<
~ ~ :
~
~
~~.X~82 Y~~f 49~
. 3
~
~
. ;
r
~~~z; _ _ . -
~ = ~ _
_ - _ , ~ ~
~ _