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HomeMy WebLinkAbout0567 tlaon tM occu~~enu of •n ~wnt of d~f~uft. tht B~~k rtwy uut~tutt app~oW ~at~ Ipal protMdinst apsins~ tA~ Obligor~ ~o o~tsin jud-yrt?s~t on tM Nou and/ ezerNN iq ri~hts and r~msdi~s is ~ sacur~d pany undK th~ Flaida Unilam Con?muclal Cod~ a otMr ~ppl~c~bl~ law. li tM Bank h~t ds~m~d ~ta1t imeeur~ e upon tM occwn~a ol ~n wtnt o1 d~tsult, th~ BsMc thall h~v~ tM riyht. imrtwd~saly ind wid?out furtMr ~ction by it; to s~t ott apalntt this Not~ ~II monty • c. ~ved by tM Bank ie aey tspstity to NCh and ~e?y Oblpor, ~nd ~t~o to Mt olf ap~i~al atl ot1+N li~biliti~t ot ~seh Mak~ to tM Bank all monty ov~d by t1N Bsnk ' ~n any up~city to ~ach and ~ny N4~k~, and t1+~ B~nk sAall b~ dKm~d to Mw ~xacis~d weh ripht ot wt ofl ~nd to hsw matlo a chuyt s~inst~~ny ~uch mon~y ,;,.nxcf~atNV~uO~ M~ oocu~ro~?c~ of wch d~lwlt w~n tho~iyh :uch thup~ is rt~s0~ or ~nt~red on the bookt of ch4 8aek wbspuent tMr~to. Unless tM Collat• P~ it pe~ifh~bl~ O~ tA~Ntf~ll t0 dlCIIM fplKllly if1 qly~ pr tf 0~.~ tYP~ Cu!lOTltlly fO~d Ofl ~~~COQ1tiZ~d.~Mfk~1, ~M B~+k will yiv~ tM AMker ressonibl~ ootice - o+ cne eime and place of ~ny puWk i~ie thir~l or ~~M'iim~'attir Lvhid+ any pnvst~ s~l~ or ~ny:.otf~•~inund~d dispositiori:the.fof k•to bt mid~.:The rpuirt• ; ment of .sswn~bN aotia sh~tl b~~mtt. if~~ud?, notiel~ a m~ilid: ppstiplpnpaid, t0 anY,FAilc~r;~t t1N add(!tt prvfn bt10N! Or st srty OthN addrt~s MW~rn On ih~ : ,eco~ds of tht Bank',•at Isist_5,.dsyt b~ton,thi~timi ot•tht salt d-dapositlon: 110on ditpoutiorj ot~~ny•CollitKSl.slt~i tM ooeurn~et~of~any dN~uh, thi ~,t ~ O;,r~gors aha11 be and remsin jointly ~nd s~vtr~lly IiabN foi.~ny d~ticiii?cy _'TM Bsnk shill iccount to tAi Msker.toi~any wrplus but tM B~nk shall haw the ripht; - co anoly al~ or ~ny Wr~ ol wch`:urplui,la hold thi wni u a ~a~~,apsinttl i~ ind s1I othK liabilitiis oi ~soh and mY Qbl+yol.to tM_Bank.-Th~ Oblipws A~re- - bywaive~nY~{~htf0l~~NmP~ionsftNd~t=utt: --~}l--I~t=-t;i--~;!^lil--Sj;--ij{=--5l1=(;i=St;=;{i =1~! _;;1--{1,'-_- . - All partia liable to~ the p~yment~and rollection hereot: ~11 ~ree to psysll txpensis.inlurnd or.psid,in the prot~ction~of Collat~rsl br tM M~orcynent hK~- ' o!, whethK tM B~nk is obligated tMr~tor or not, inelud~ny ~ttwn~y's fea pu~l to,~O7Goi th~ srtwunt in d~tault or futh larper ~mount ss msy b~ r~sson~We - io~ serv~css and ~xpMSes incurred in the eniorqment Mrpi ~itAe. p~ior o~ wbsaqwnt to judym~nt snd whsthe. en judicial procsed~nyi b. otM.wis~, ~nd ~ISO - tr,ose costs. ~xpe~ses and.re~sor+able ~tto~ney'i~i~es incuned in appellate proceedinpt: (2) wsiv~ pr~se~tment to? psymenl, demand, noC~ce ot non-payment; _ not~ce o! prolest ~nd protat ot this Note: (31 co~sent to snd wsiva nouce of u?y snd all renewsls a exttnsions oi time, wsiwrs, or moditiu[ions tAat may be . g~ a~ied by tM 8uic with respect to the. paYment o~ otAer_provisions'ot this Note or to the relssse oi sny Oblegor w the Collateral a sny Ds.c iherao(, witA or _ ~ti~thouc substiiution; snd (41 sprte that additionsl makers, endorsers, puarsnto~s or wr~tin msy b~cane psrties Mr~to without ~otia to them a altecting th~ir I~abil~ty ht~wnd~r.^~ -~i J=~ =•+~i•""'~~is~^ ~~l. :.y-.--.' ` ~ ' , • ~ - • : ' r~~ f• .'te _ . , ' - ~ - - . The Bank.~nay'at an~i:time in iri fol~'disuation compromis~, settle a exeend the time ot payment ot sny of the demarids a obliyations, reprasented by any - ot tne seSuriUp.pkdyd hereundei end ~II oi th~ Psrii~s,liable /o.~the psymen[ he.eot Aereby make, rnns~itua and ~ppoinf the Bsnk, his a their true N+d I~wful accorney,toc=ths p~xpos~~with• full. powet ina suthority to_compromis~,~ttle or extend payms~t ot siid idem~~ds orvbligaYwni snd to acquir~~ s~tisfy a d'a- charge thi sa+ne of record~orotherwis~ is.the parties liable for:tM payni~nt-oi collectioo hereoi mgA{or caild doif personodytxtsent•Tfie 8snk shsll.not.be under any liibility a obliyttioo to~lske sriy stps whitsorr~~,to fix ~ny liability( uponor~t0 OOlkCt p. ~O M~O!t~piyRllflt O~ ifly'obii~tion_pkd9sd ~s seturity: he; eu nder whsthei by ~ivin9 arty notioi.. Pr~s~ntirg. d~em~~+di tg psymc.+b c~9tes~ in9:.insci~ueiny wii or ot .~se; • f' t~;~_; t 1' i~ Q : ~ . . ! , ' , ~ ' , ~ . ~ ~ The Bank shalf not bj? sny;act o!•nr»ission or commiitioi~ be de~rtied ~to•w~ive aMr~of its rights o~ rert~iliei Airetinde~ unless ~tuch wsivK shall ti~ in Mnitirq - and s~gned by the Bank and then only tr tM sxtMt spetifiCaUy_ ~eC to~tb•tAi?ein; s vwhr~r- on oo! lveni'ih~tl.no{ bt cautrued as cor?tinuirp_or,as s bai. to w - ~va~ver of wCh ~iyht or rlnfedy on s subslQUMt fvlnt:_ _`-~'.'!.~•-':,,~r,'• ~ - . - _ j-!tl___,~1~r1i!-i''-~'~..-.;~ - , 1}' -i:' : . The liability~ of esch Oblgor shall be sbsolute snd u~condibonal an~ r`vithout~e~sra-to tAe liability of ~ny othe~ psrty hereto. Any not~ee sAall be wtfiaent • ~y served upon.aN Obligo.s by seiving wch notiee upai. iriy one Obliyor 'Tl+s notice shaH b~ wfficiently ser~ed if plsced in the msil. f~~ P~!P~id,-sddressad .=,1 r p nr tett upon tM wemisa of soY Obliqor at ieY ~ddress sbown on the Baok'f flCOr~ ~ i ~ ~ i : 1 ! - - : : : ~ ~ ~ : - ' - . [ _f!~~= :.1~-~j~+~=~-•it~Y:.t. ~:~,i~~~~~~~-~:~t _ " _ i _ " _ •NOTICE: SEEOTHER SIOE FOR IMPORTANT INFORMATION-•~:,~ _ - - _ . . . - _ . - _ . - , 1~t ~ - - ' ~ - ' . . _ - . - . ~•~!~~1~~~~~i•~~ •'1~ ~11°~:i~i•` ~•j: ~j~ _ ~ - - EACH MAKER ACKNOWLEDGES RECEIPT OF.AN EXECUTED COPY~OF.THIS NOTEOM_THE-A80VE DATP, - - - - . . - - . _ - ;i - _ ~ - • _ - - . - _ - - - _ - ~ - -'i~~:- _ _ . - - ~ ~ . _ ~ . . _ 1 ' _ 1 ~ . • - ~ . 66 Gladnev Ave. . . . ' - ~ ~ • (SEAU . _ - _ . _ _ _ _ - ~ ADORE55. •'.=•.'i - - ' - ~ StGNA UR FJNAKER - ' ' - ~ - - - - _ - ' - . . _ _ Ja s Beagan = - - ~ ~ . _ Toms ~River,~ N.J. 08753- ~ - - - . ~lsE~ ' ti= - ~-t- - - _ - - , -AD~RE55,.:_._.i~ ^ i~: _ ^ _ _ SIGNAT O - . . - - - , ~ - , . ~i•- ~1.- f~i•~t~~ =j~t ~~~~j~-- .Do_rothy Beagal~,..-= F MAKER_- ~ - . - .i, - ' - . - -~.t^~~i '?-.,~1~~~1! _ .l~~ _ i}~~I'!~_ ~i _ ~~~7_._~'. - - - ' . , _ • ~ .=ii:~NDORSEMENT -.,r=~i;~--1;1~= ;:;-.1;:=4;t-1;:-= = - ' - • . . ° . ~ : • ' . . gnetf 1~e~epy •sssume, tor.valu! ?eceived snd intendi ig In addition to the -liability as eodorsers; which the ur~+dersi - ~ --'=~g to be kgslly bound; the unden ned (sntl it nore chan o~e, each ot thtm joi~tly and severally) 1a1 Mrebyunconditionally gusrsntee the psyment of d~e within Note snd all exteiKions w~renewals the~eo~ a~d aN sums psysWe under-or by virtue chereo( intluding,•without IimitsCwn,-sll amounn of pri~ and incerest and all expeMes lincfudin~ attorneys tees, wnether incuned in trid or appetlate proceedings) intu~red in the.collection tt+ereot the enforcement of rightsYhereunder o? w+th respect-tosny security t~?ert : f o~ and the enforcemriit hereof, and w~ive presentment, dems~d; not'+cr of dishona, p~otat, notiu of.-protest and sll other notices whatsoever, and (b) consent a-,d agree that they sre bound as Obligon under the terms of snd.are wbject to all provisions set forth on.the fact oi said Note as fully ss thagh they were ead+ ~~,!aker the.eof, and. to the exercise by tha hotde? oi exh snd every ~ight~d+erein ~ei fo?th o~ pe.mitted by ~sw, a11 without notioe to or co~e~t-of s~d without aifec~ing the liability of the undersigned; snd fu?ther canse~t•and agrn that any ~of the undersiy~ed may be wed by the holder l~ereof witli d without joining ~ny of the other endorsers or-Makers of said Note and without tirst ur contert~oraneously wi+g a~y wch otl~er peno~, or oMerwise seekirg or p~oceedin9 to coii~t from tAem o~ any ot them._ . - " . - - _ . . - . _ ~ ~ (SEAU - ' ~ ' ADDRE55 SIGNATVRE OF GUARANTOR . ISEAL? ADDRE55 _ _ SIGNATURE OF GUARANTOR _ , - - . ' - . - . " _ . : - - - : r : . - • - - . . - - - ' ~ . . . _ . . . - _ - - _ . - , _ - ' , - _ - i - - , : ~ . . ' ~ . - - . ' ' ' - . - - _ _ - - - _ _ - " . - 'r ~ ~ = 'r - - . ~ - ~ ~ . : - ' _ - _ ' • ' ' _ • - . - ; _ . _ . ~ ~ - - . - - - ~ . - - . ~ . _ , _ . ~ ! - _ . . - ~ _ • ~ . _ • - ' , . - - - . . - . . : ~ ~ ~ ' - ' ~ . • ' . . ' . ' - : _ _ - . _ - ~ - . - _ - ~ - - : ~ - = _ - - _ ~a~ 28~ - P~~E 559 _ ~ - ' - - - . _ . _ ~ _ _ , ; . - . - - . = : - ~ • ~ , . i' _ ~ - ~f?~-~..~,~v~ ;t _ - - _ . _ _ _ . ~ ..N~~