HomeMy WebLinkAbout0489 U~on tM occurrenc~ oi ~n ~v*ni of deiault, tM Bank rtuy ~nst~~ute appropr+ah iapai prpcwdc~t apa~n~t ths C3tiir~rs ta ~bta+n iudpn~ot on tfk Nou and/ ~
e,c~rc~w its ~iphts snd rom~diK u a~cured party undK tM Florid~ Unitwm Comm~rc~~l Cod~ o~ otMr ~ppl~cabl~ I~w. If the Bsnk h~~ dNmed ~~~ell in~cur~
upon tM occutt~nc~ ot tv~nt ot d~(ault, tM Bsnk thall Asv~ th~ ripht, immW~~tNy a~d wethout furtM~ action by it, to s~t oll apa~nst thit Not~ ~11 mon~y
owed by tM 8ank in any cap~city to ~ach and ~ny Obli~or~ snd al~p to s~t oif apairut ~II pthi~ iiaLiiili~t qf iizlr I~tak~r to tfie 8stsk a!~ rr,~:~~ ~r,r~ ~...r
~n any tapaci~y to ~aCh and sny Msk~r, snd tA~ Bank shNl b~ dNm~d to Mv~ ozKCi~sd such ripht of ~t off and to haw mad~ ~ chsrp~ a~ainst ~ny tuCh moMy
~~nmedatdy upon tM oocu.r~ncy ol wd+ d~(autt wrn ~houqh wcA chirqe is mad~ a M~~nd on tM bookt of ~M Bank wbsequent thtnto. Unteu th~ Collat-
e~al +s p~rishable a thr~t~ns io d~cl~n~ fpNdily in v~luo or it of s type cusiomuily Wld on a rKOpnii~d m~tk~t, tM Bs~k will giv~ th~ Msker r~esonabl~ notic~
o! ~ha tim~ a~f plsq of anY public fab tAKeot w tM tim~ alt~r which sny privau sN~ a u~y oth~r inanct~d disposition thKeof is to W n~xi~. TM rpuir~-
mvnl 01 ryiiptNbl~ tfOtlq fA811 b! f11lt 1~ fUC11 (IOtiq q flyll~, postap~ prepaid, to sny Mslc~r ~1 th~ ~ddr~ts yiven b~low o~ st any otf?K sddrea show~ on the
~ecords of tM Bank, at least S days b~fore tM tim~ of th~ wl~ o~ disposition. Upon dispositio~ ot any Collate~al sfter the occurrtnc~ of a~y detault, ihe
Obligws shsll be ~~d r~m~in jointly and s~v~r~lly IiabM ta any dtficitncy, TM Bs~k ~hsll sccount to tM Maker for sny wrptus but the Bank shall haw the right
~o appty sU w any p~rt of wch wrplus lo. Aold tM iam~ u a r~ss.v~ aqainstl a~y and all otl+K liabiliti~s of ~ach and any Obligor to tM Bs~k. Th~ Oblgors her~-
by vraiw any riphn ot r~mpcia? a1tK d~i~ult.
All psrtiy liabl~ for the payrtNnt snd toll~ction M~eol: (1) a~~s to pay sll expens~s ie~curred or paid in th~ prot~ction ot Collaterst w tAe ~~for~e~nant ha~e-
of, whechK tM Bank is obli9sted theretor or not, includinp attornW's fees sqwt to 10%ot the smount in defaufc w wch Iarg~r amount as may be,easor?sble
ror servic~s and ~xpMS~s incur~ed in tM entac~nt A~r~of ~ithe? p~io~ w wbspue~t to jtrdqnknt and whsther in judicial proceedinys o~ oth~rwise, and slio
those costs. ~xp~ns~s +~+d reatpnsble atta~xy's fNS incurnd in app~llate P~oce~di~: 12) ws{w prestntma?t tw psYrt~ent, demsnd, notice ot ~~payrr~ent,
not~ce ot proNtt snd prot~st ot this Note: (3) tonsent to snd wsiw notiu oi ~ny snd a11 rentw~ls or ~xtMtioni ot time, waiw~t, a moditications tbst msy bs
grantsd by tM Bu~k with resp~ct to the p~yment a other provisions ol tAis Note or to th~ nkw of sny Obligo. or tM Co1lat~ral o~ any pa.i thKaof, with w
w~ihout substitutio~; and (11 agra~ thst additioosl makers, endorsers, gusrantors or wreti~s may bacom~ p~rti~s h~nto without notice to them w altsctioq th~ir
I~ahihty her~und~r.
The Bank miy sr a~y time in its sole distretion Compromise, settle o~ extend the time ot payment oi any oi the der»ands or oblig~tio~s, repnsented by any
or che securitia pqdged htreunder a~d ~II ot M~ puties liable tor the paymsnt hereoi Mreby mak~, cpnstitute and appoint th~ Bank, his w their true snd I~wful
atcwr?ay for this purpose with tull powe~ and authority to cornpromise, s~ttle w extend paym~nt o( said demands oi obligations and to a0quin, satisfy or d'K-
charge the ssm~ of record w otherwise as the parties lisble for the payme~t or eollectio~ hereol migAt or eould do ii perso~ally present. The Bank shall not be
under any liability w obligation to take any stps wAatsoever to fix any tiability upo~ or to collect or to enforce paymem ot any obliqatio~ pledged as security
hereu~dOt whetl?K by givirg any notict, p~esMtinp, demsodirg psyrt~t, protestinq, i~?stitutirg wit w otherwise.
The Ba~k shall not by sny dCt of omission o? commistion be deetned to waive a~y of its rights or .emedias hereunder uMets sutA waiver shad be i~ writing _
and sig~sd by tM Bank a~d then o~ly to the extent specificaNy set lorth therein; s wsiver on one event shall nat be construed as continuiry or at a bar to or
waiver of wCh right w remady on a subsec~uent evenL
. i
The liabitity of esth Obligor shatl be absolutt and untonditionsl and without rogard to the liability of any other party t?ereto. A~y notice shatl 6e wfficie~t• ~
~v served upon all Obligon by se~ving wch ~otite upon any w~e Obligor. The not~ce shall be wttitix?tly served if piated in the mail, postage prepaid, addrassed
ro, or le![ upon the premises of any Obligor at any sddress shown on tAe Bank's records.
NOTICE: SEE aTHfR SIOE FOR IMPORTAN7 IMFORMATION
i
EACH MAKER ACKNdWLEDGES RECEIPT OF AN EXECUTED COPY OF TNIS NOTE bN THE ABOVE OATE.
" ISEA
DDRES SIGNATU A ER
ictt8 .7. '
(SEAI)
AOORESS SIGNATURE OF MAK
Jasephi~ H. Mon~ov
- _ ENDORSEMENT
in addition to the Ii~ility as endorsers, whid? the unck~sgned hcreby sswine, tor value ~eceived arxf i~tendirg to be legally bourxl, the undersigned (a~ if
more than one, !xh of them jointly and severally) (a) hereby unCOnditionalty guarantee the payment ot [he wi[hin Note and all exte~sions w renewals thereof
and all wms payable under w by virtue thereoi inCluding, without limitation, alt amaina of principal and intg.est a~d all ezpenses (it~cluding attorneys' fees,
:vhetAer incuned in tria) or appetlate prottedirys) ;ncurred in the collection therepi, tM e~toroe~r~ent ot rights thereunder p with respect to any security there-
(or and the enio?eement haeof, and waive presentment, demsnd, notice o( dishonor, protest, notice ot protest and all other notices whatsoerer, and (b) consent
and agree that they are bound as Obtigors u~der the terms ot a~d are wbject to aN provisio~s sat ford~ on cAe fact oi ssid Note ss tully as though thay were each .
~ Maker thereof, snd to the exercise by the hoWer of ead~ and every right therein set forth w permitted by Isw, all without notGce to or consent of and without
asfectirg the liability of the u~dersigned, and furthe? coruent a~d ag~ee that any ot the undersigned may be wed by tFu holder hereot with or without joining
any of the other endwse.s or Makers of said Note and without fint or contemporaneously wing any sude other persons, o? othe.wise seeking w p?oceeding to
collect from them o? any ot them.
(SEAL)
ApDRE55 SIGNATURE OF GUARANTOR
(SEAL)
ApDRESS 51GNATURE OF GUARANTOR
;
~ arRx 2~2 vAr.E 48~.
;
.
~ - _ : _ . - ~ , _ , - - -
_