HomeMy WebLinkAbout0465 l1poA tM ocewrence of ao ev~nt ot d~iwlt, the Bank may ~nstnute apProp~~ate ~~gal proce~d~rpt apa~Mt the Obl~gors ~o obtam ~udqm~nt on the Note and/
eaert~t~ its riql?ti and rem~dHS u s wcur~d party undK tM Flor~da Uni(am Commsrua~ Code w otMr ~ppficabl~ law. !1 the Bank has dNmsd ussll ins~twe
upo~ tM occu+re~tt ot sn ~wnt ot d~fault, tM Bank shall hav~ tF?~ r~qht, imnwdiately and without turtAtr xtio~ by it, to s~t ott s9a~nst thif Noa all mon~y
:~.wd by ths Bank i~ snY capacity co wch a~d any Oblqor, a~d elso to set ott aga~ni~ all othK tiabiliti~ ot escA M~kK to tM 8ank all mon~y ow~d by th~ 8snk
any capscity to ~ach and any Mak~r~ ~nd th~ Bank shsll be dsemed co haw exercissd wch rpAt of pt olf and to hsw msds a chary~ sgsinst sny wch mon~y
~mmedwtely upa~ th~ otcurrenCe oi wch detsult wen tAou9h sucA charpe ii made or enttred on tM booki o1 tM Bsnk subseqwnt thtreto. Unltss th~ Collat-
e~ai ~s p~rishabl~ or ~hreatens io decline speed~ty in valw or is ol a tYp~ customarily sold on a ~~coqniied mark~t, tl?~ Bank will yive IM Mske~ nasonsbN not~ce
o~ ina tims a~d Wac~ ot any public saN thtnof o? tl+~ tims a(csr which any privat~ sal~ o~ any otl+t~ ;nar~d~d dispos;~ion tbarwl i: co b~ msd~. TM ~equ~re-
m,ent ot rNfO~Wbl~ nOtiCt sA~l~ b! mel il wch no~iq is ma~l~d, po:~sge pr~paid, to any Mak~r a1 tM addresi given Dslow or st any othe~ sddrets show~ on the
~ecords ol th~ Bank, st lestt S dsys betor~ th~ tims ot Me ssl~ p d~sposition. lh?on dispositio~ of any Collattr~l sfta tM Cccurren~y of any d~4utt, tht
Oni~gon shall be a~d rtmain jointly and stverslly tisbte for any defitisncy. TM Sank shall atcount to IM AAsker for ~r~y wrp2us but the Bank shall hava tM ri9ht
ro apply sll d sny pirt of suth wrplus lo~ hold the tsmt ss a res~rve aga~nst) any a~d all otAe~ liabititi~ls ot esth and sny Obliqor to the Ba~k. TM Obliqo~s hert-
by waiw any tiqhts Of reWmption e1tK d~(aull.
All par~its IisbU fa the psymt~t arW collection Mrwf: 11) aqree to psy a11 exp~r?ses incurrsd w psid in the proteccian ot CoHateral or the t~forcement hera-
c~f, wMth~r tM 8ank is obligated the~~(or ar not, including attaney's fe*s equ~t to 1~1~6oi the amount in dtfautt or such Isrge~ smount as rt?sy 1~ nasor?sWe
to~ servic~s and ~xpMSes ~~cu~rad in tM enfo~tetnent herepf either prior O~ wbspuMt to I~+d~ntent and whether in judiciil prpceedings w ptl?e~wise, and also
ihou costs, exp~ns~s snd reasonsble attorney's fe~s incurred in appellste proceedings: (2) wsiv~ presentment tor paymsnt; demand, ~otice of non-payment,
not~ce o( p~otest anci protest o~ this Note; (31 consent to and vwivs notice ot any a~d all re~twsls a sxt~nsions oi tim~, wsivers, w modificstions that may be
q~an~ad by iM Bw+k with respect to the payment a otAer provis~o~s of ~his Note or to ths release of sny Obligw or cM Collstersl w sny part thereof, with o~
~~~hout wbstitution: a~d spree that additional msk~rs, endorsers, gusra~tors w wreties msy become parties hereto wethoui notice to them a sit~ctinp their 1
habihty hsrwnd~r.
The 8ank may at sny iime in its sole d~uretio~ compromise, settb or extend ~he cime ot payment of a~y oi the demands w obligetions, represented by any
of ~ne securities pledged hereunder and all of the parties liable tor the payment hereof hereby make, rnmtitute and appoint the Bank, his or their t~ue and lawful
at~orney for this purpose with tutl powa and sutAo~ity to comp~omise, settle or extend payment ot said demands or obligatio~s ar?d to acquire, satisty o~ dis-
cna~ge ~he same pf rstord M othe~v~nse as the parties lisble tor the payment or collection hereof might or tould do it personally present. The Bsnk shall not be
under any liability or obligation to take any steps whatsoever to fix any liab~lity upon or to colkct or to enforce payment of any obligation pledged as security
hereunder wheihar by givi~g any notite. p?esenting. demandi~g Payrt~ent. Protesting, irtstituting wit o? othe~wise.
The Bank shall npt by at~y act of omission or commission be deemed to waive any of its rights o? remed;es hereunder unless suth waiver sAsll be in viniting
and signed by tM Bsnk and then only to the exten~ spccrfically set torth cherein; a waive~ on one event shall not be ~o~strued as continuing w ss a bar to or
wa~ver of such right w rM~edy on a sutxequent event. '
The liability of esth Oblgw shall be absolute and untonditional and without regard to the liability of any other party he.eto. Any notice shall be suffitient-
~y se~ved upon ail Obligors by serving suc~? not~ce upw~ any one Obligor. The notice shall be w~ficie~tly served if placed in the mait, postage prepaid, addressed
tu, or left upon the premises of any Obligo~ at any address shown on the Bank's recads.
NOTICE: SEE OTHER 51DE FOR IMPORTANT INFORMATION
~ACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE.
1660 H_ 8anaaa Rlver Dr_ _ ME+rri te1~.~a ~t (SEAL) ~~'~wc~ ~ y-~-w~ ~
AUDRES ~SZ fWn~~n~~dF a ~ ~r~
(SEAI) _ d Q .t 1} cL.~
~ ADDRESS SIGNATURE OF MAKER.
- CatheM ne 6. Yi rata
_ ENOORSEMENT ~
In addition to the liability as endorsers, which the u~ders~yned hereby eswme, tor value teteived and inter~ding to be legally bound, the undersigned (and it
more tha~ one, exh of them jointly and severa11y) (a1 hereby u~+conditional(y guarantee Ne payment of the within Note and all extensions w renewals the?eof
:+nd all wms oavabla under or by rirtue titereot inCluding, without limitation, all artwunts of pincipal and interest and all expenses tintluding attwnays fees,
wh2thM i11CUffEd 111 t~la) Oi appellate proteedingsl inCUrred in the Co1tC~cuOn t~erepf, It?E Mi0(ce(T1l111 Oi ~ighlt Uii~ruinii+ ut wiil+i te~oci iJ.a:iy is::i::L'y u E=c
f or and the enforcement hereof, and vraive presentment, dertwnd, notice ot dishona, protest, notice ot protest and all other notices whatsoever; and (b) consent
3na agree that they are bound as Obligws undcr the terms of and are wbject to all provisions set forth on che fact of said Note as fuliy as though they were each
~ Maker thereof, and to the exucise by the holder of each and every right the?ein set (orth w permittad by law, all without notice to w consent of a~d without
~Ff~ting the I~ability of the undersigned, and turther coruent and agree that a~y of the undersigned may be wed by the holder hereof with or without joining
any of the otF?e~ endorsers or AAalcers of said Mote and without tirst or•contempaaneously wirg any weh other perwrK, or otherwise seekirg or proceedirg to
coifect trom them o~ any ot them.
~ ISEAU '
ADDRESS SIGNATURE OF GUARANTOR
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ADDRE55 S~GNATURE OF GUARANTOR
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Bo~K Nar.~ ~~7
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