HomeMy WebLinkAbout0473 iJpot~ tht ocCU~~Mt~ af ~n ~vsot of d~fault, tM 6ank msy instiwt~ approprlsn Ipal p~oc»dlrgs apsinst the Obhgo~s to obta~~ judynrm o~ the No~e ar+d/
o~ ex~cw~ itt riphp and r~m~dNS u a acu~~d MrtY undN tM Flo~id~ Unitwm Comm~rcia~ Cod~ a otMr applicabl~ law. 11 tM Bank ha: dwmW ~tatll ins~cur~
upon tM occurrenp ol a~ w~o~ of d~fault, tM 8a~ th~11 Mv~ th~ rph~, imn~diatNY ~~d wisRa~r fu?th~~ ~ccioo by it, co ~t ol! apaerut this Noa all monsy
owed by tM B~nk in ~ny cspacity to NM aod arW Oblipor, snd alw to Nt off ~inst all othK liabiliti~ of ~ach IN~kK to cM B~nk s11 moi»y ow~d by the Ba~k
~n any cap~city tp Nth ~t~d any N4kK, a~d tM Bink tl?all b~ dNm~d to hav~ ~xlrcif~d qith rqht ol 't~t Ot1 ,nd to??~v~ msd~ ~ thuq~ apeirnt any wth money
~mmsdiatNy u~ton tM o0turt~~q of wCh d~fauft w~n thouqh wch chary~ it n+xi~ a snttred on th~ books of the Bank wb~qusnt tAers~o. Unless the Collst•
e~a~ n pKahabN w M~at~ru to d~clir» rp~~d~ly in vitw a is of s typ~ customxily sold on a ncopnii~d muk~t, tM Bsnk will piv~ tM MakN na~nabk notitt
of ~h~ tim~ snd Wsa pf ~ny puWic iaN tM~pf w tM tirt~ attK which any p?iv~n sal~ a any otMr int~nd~d dispaition ~h~rwt is to be n+sd~. Th~ rpuir~
~.,en~ of rwon~bN no~io~ sl?sll b~ m~t if wch notia a rrq~l~d. postaqe prpaid. to any MakK at tM addr~ss ~iva~ bslow w st ~try otMr ~ddrt~s sAow~ on tM
reco.ds o! tht Br~k, at last 5 d~ys b~fon tM tim~ of tht s~q or d~sposition. Upoo dispotition of s~y Collaarsl aftK tM oawnnp of any defsult, tM
Obl~gws ~Aalfb~ and ~Mniin jointly ~nd sav~~~lly liabl~ t0~ a~y d~ficit~cy. TM Bsnk shall ~tcount to the Msker tor sny wrplus but the 8snk shall hev~ th~ ~i9h1
co apply all or ~ny part oi wch wrplus (w hotd tA~ ssms as s ~~w yainst) ariy and NI othe. liabiliti~s ot ~ach ar~d any Obtioor ~o th~ Bank. Th~ Oplipws Aerti
by .wiv~ any iipha oi ralemption afqr,dtfsult.
Al! p~rtiss IisW~ fa iM psym~nt and coll~cti011 hft~0~: ~1I iQ~N t0 piy ~II fxp~l~fq i1fCYft~d O? p~id 111 tM prOtlttlWl O} COllatf~il Or th~ ef1}Or~!(MAt ht~f-
o~. wl~tt~ tM g~nk is obligat~d thKefw o~ not, includinp attwn~y's fNS pw1 to 10lCot tM amount i~ dsiault or wch larqer smount ss may be r~asonaWe
for sarvips and ~xp~n~p incurr~d in ths Mforc~m~nt Mr~of NtMr p~ia q wOs~qwnt to judym~nt snd wh~ther in judit~sl procwdinps or othKwise, snd slfo
rnose cosn, exp~at snd nssonaW~ ~ttorn~y's tNS incwred in appell~t~ p~oc~sding~: (2) wsiw {xes~ntmer?t (o~ p~Yrrrnt. d~mand. ~otiu ot non-payment,
~ocKe of p.otat ~nd protest of this Not~: 131 co~sent to snd waiw notia ot any ~nd ~It r~~wwts a~xt~nsiw~s of tirrw, vrnivers, w modifiutions :hat may be
g~antad by tM Bank with ntpect to the payment a otAar p?ovaions ol thh Not~ or to th~ rolesss of any Oblipor or the Collateral a any part Mereof, wiM w
v.~thoui wbstitutio++; snd (4) sy~N thst additional makKS, e~dorse.s, yuarantors a wntia m~y b~come psrties Mnto without notice to them a affactin9 thar ~
I~abdity hMN1ndM.
The 8snlt mty st sny time in its sole disc~etiwf comprpmise, se[tN or extend the tinN of payrtfMt of any o~ tM demands w obligatiWK, rspresentsd by any
or che secu~Fti~s pbdped he.eunde. and sll of th~ psrties liable for the psyment Mreof her~by mak~, corucitute a~+d appoim Me Bank, his os their true snd lawtut
a~~ornay fw tAa purpos~ with full power and wttwrity to compromise, settk or extend paymMt of ssid d~ms~ds o? obligatiw~s ar acquire, satisfy a dis-
cnarg~ ~ s~~ of nco.d or otherwis~ ss the psrties liable (a the paym~nt o~ collcction h~reof might or could do il persoaally present. The Bank shsll not be
~nde. any 1i~bility a obl+gation to-take a~y stepa whatsoever to tix any lisbility upon or to cotkct w to enfwce payment of any oblgstion pkdged as security
hereundM wA~thK by pivinp any nptiCf. p~lfMting. deminding psyment, protlsting, irutitulinp fuit W oth!?wise. .
The Bs~+k shsll ~ot by sny eet of omissio~ p Commission be deenbd to waive any of its ?igAtt or remediet hereunde~ unless such weiver shell be in writirg
ancf sgnad by tM Bank and tfiea only co ihe exteni speciticslly set to~[h cherein; a waivs~ on one ave~t sha11 not tie co~strued ss continuing or as a bar to or
.va~~er ot wd~ riyF~t a rerr~ly on a wbsequent event.
TAe liability ot qch Oblipor shsll b~ abtolute and unconditio~al and without regud to tM lisbility of any o[F?er psrty F?Keto. Any notice shsll be wfficie~t-
~v served upOn all Oblipws by serving wch notite upon any ons Obligor. Ths notice shall be wflicienNy se~wd ii ptaced in the mail. postage prepaid, addressed
~o, a left upon tht promises o! any Obligor at a~y/ sddr~ss shown ore the 8ank's ?ecords.
NOTtCE: SEE OTHER SIOE FOH IMPORTANT INFORMATION
EACH MAKER ACKlVOWLEDGES RECEIPT pF AN EXECUTEO COPY OF THIS NOTE ON 7HE ABOVE DATE.
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~ M~11t'~tA~~ ~~41 (SEALI ~ :
AdORE55 StGNATU F MAKER i
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(SEALI ~~--~-t`"~~ ~
AODRE55 SIGtVATUR OF KEft
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ENDORSEMENT ~
In addition to the lisbiiity ss endorsers, which the unde?s~gned haeby assume, tor vatue reteived and intending to be legally bound, the undersig~ed land if
mofe than one, exh of them jointly and severally) (al. he~eby unconditionatty guarantee the payment of the within Note and all extemions or renewals thereot
stems payabls undx or by virtue thereof induding, without limitation, all amouna of principal a~d interest and aif ezpenses (includ+ng atto?neys' tees,
whCihlr ineu.rsd in triat or sppellate p.oceed++g~ encurred in the colteetion tAereof, tMe anforoament of ~ights thereu~der a with respect to amr sewrity there-
~or a~d the enforcement hereof, and waive presentment, d~mard, notice of dishono~, protest, ~otice oi protest and all other notices whatsoever; a~tl (b) consent
ar.d agre~ thst they ire bound st Obligon unde~ the terms oi and are wbjeet to alf provisions set forth on the fact oi said Note as fully as thouqh they were each
a Makd therad, and to the ezercise by the holds~ ot pd+ snd every rigl~t therein set iorth or permitted by law, all without notice to w rnnsent of and wiMout
atfecting Me liability of the undenigned, a~d turther cor?sent and agree that any of the undersignecf may be wed by the holder hereof with or without joining {
anY of the other endorse.s o. Makers of said Note a~d without first or contertiporaneousfy wi~g any wch other persons, or otherwise seeking a proceeding to
coiteCt from thtm or artY of ihem.
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ADDRE55 SIGNATURE OF GUARANTOR F
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ADDRE55 S~GNATURE OF GUARAMTOR
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