HomeMy WebLinkAbout0080 llpon tM occurr~ ot an ~vtnt ot d~fault. tM 8ank m~y ins~iwa ap(xop~i~u 1rpN procNdinp~ apaim~ tM Oblipw: ~o o~t~~n ~udprrrnt oo tM No~~ snd/
or ~~~rci~ iq riphts ~nd rem~dws u s Ncur~d WriY und~r tM f Iwida Unifam Cornrtwrcial Codt w otMr appliubN law. II tM Ban1c has dNrn~d iuNl ~~uaun
o~ upon tM oocurnnw ol ~n ~wni ot d~twtt, tM Bank sM11 h~v~ c1u ~p1+t, imm~dNWy and without furch~~ ac~io~ by ~t, to ~tt off piinst tha Nou all nwrry
ow~d by tM Ba~k in any e~p~city to Md? and ~ny Oblipor, and ~bo to s~t olf ap~inat NI oth« li~bilitiN oi Nth Mak~r to th~ 8ank a11 maNy ow~d by d» Bank
in sny capscity to ~sch ~nd ~ny IN~kK, a~d tM Bank t1+N1 b~ de~m~d to hiv~ ~zxci~d wch rght of Mt off snd to 1?~v~ rnsd~ s durye sp~i~s~ any wch irwryy
~mm~datNy ~pon tM occurrt~a ot tud~ ddiult wN? thouqh wch d+arp~ a cr?~d~ a Mqnd on tM bookt of th~ Bank wb~qwnt dw.eto. Unlfa tM Collat-
eral q p~~itl?~bl~ ot thrNt~ns to d~clirw tpNdily in valu~ or it o~ a typ~ cu~tomW i1y told on ~ ~~oopni=~d m~rk~t, tM Bank will qiv~ tIN Nb1cK rMSaybN notiq
01 tM timt a~d plaa ot anY publie saN thKwf o~ iM tirtn aftN which snY Priv~q ~ ot snY otM~ int~ntl~d ditposition tMrwt is to b~ ~~ad~. TM r~ir?
ment ol r~non~bl~ notia ~hsll b~ m~t it wch notia i~ rtril~d. postp~ Pnpaid, to ~ny Mak~? ~t tM ~ddr~ss qiwn btlow a at any od~ addr~a sAown on tl~
recwd~ ot tM B~nk, st lust 5 days b~fon tM tim~ of cM sa~~ or diiposition. l~on di~positia? of ~ny Coll~t~rat att~. tM occwnna of ~ny dNwlt, tM ;
Oblpws stqll b~ and ~emain jOintly snd slvsrslly liablt ta anY defici~ncy. TM B~nk sh~ll ~teount t0 tM Mskti for any w~plus but tM Bant th~ll hars tM rght j
~o spply all a any put of wch wrplus (or hold th~ sa~rN a~ res~rw apsinst) sny snd all otA« liabilitt~s of ~sch ~nd ~ny Oblqa to tM Bank. TM Oblipors Ikn- ;
by vwiv~ anY riphti of ndtmption ~ftN d~tault. .
All pirtNt liibl~ fo~ ths payrt»nt and Co11~Ction Mr~of: (1) aprN to pay sll expN~s~s inturr~d ot paid in tM prot~Ction of Collatnal w tM ~nforp~nent Aer~- `
of, wMthN tM B~nk is oblpated tMrelw w not, includiny ~ttanYy's f~s pwl to 109(ioi tM amount in sNf~ult a wc~ Isr~r srtwunt ss m~y b~ rts~a~bN
for ~rvias ~nd ~xpMws incurred in th~ enforpment Mrwf ~itAer pria o. wbspwnt to judprr~t ~nd wM[hK in judici~t proc~adir~ a otAawis~. snd Wo
~hos~ costs, ~xp~s snd ~eafo~ab~~ attwnty's fNS incwr~d in sppellste P~ocNdings: (Z) vrs~v~ ~esMtmtnt for psYment. d~msnd, notict oi ran~ymeni,
no~ice of protat snd protat of this Note; (3) conse~t to Md w~iw notico of sny and sll rsn~rwls o? ~xtMSions of time, waivs.s, or modifieations tMt msy b~
grant~d by tM Bsrrc with resp~ct to tM psyment w othK provisions of this Not~ or to the r~kai~ of any OWigw w th~ Collstersl ot st?y part Muwf, with or
without wbatitution; snd (I) sprN that ~dditiooal maken, endorse.s, gusrantors a tuntws msy Wcarw ps?ties hK~to without notice to them a sff~ctinp tMir
liability Aerwnder.
The B~Nc maY it sny time in its sole disc~etion compromis~, s~ttle or axteod the time ot payment ot sny ot the der~~ds a ob+gatiau, npressnted by sny
at tM s~turitas pbtlp~d htreunder end sll oi th~ pstties liabh tor th~ payment hereof he~eby mak~, constitute and appoint the Bank, his a their trut snd Iswful
acto.n~y fo~ this purpose with full powe~ snd suthority to eompromise, sattl~ or sxnnd paymMt of said d~m~nds or oMgations s~d to s~puin, ntafy a dis-
charge tM ssms of record w oMerwis~ ss cM psrti~s liabN fw the payment o. coll~ction Aereof mght or could do if personally presi~t. The Ssnk ~kNl ~o[ be
under sny liability a obliyation to tske any steps whatsoever to fix any li~ility upon or to colleet or to enlwce paym~nt o! any obli~stion pled~d as secwity
herwnder wMthK bY 9iving sny notic~. pnsentinq, d~msndinp payment, protesting, instituting wit or otherwise.
TM Bank shall not by sny act ot aniuia+ o~ commissio~ be daemed to waive any of its righis o. remedies hereuncler untess wch wsivar shsli be i~ writing
and siqned by the Bsnk a~?d then only to che extenc specitically set fwth therein: a waiver on one event shall not be consvued as continuinp w ss a b~r to or
vraiver of sucA riqht or ~emedY a? a subsequent weRt.
The liability of ~tCh Obsiqor shall be absolute and urxo~ditionsl snd without regard to the lisbility of any other party hereto. Any notice shall be wfiitient- s
~v served upon sll Obliyws by sarvirg wch notice upon any one Obligor. The notice shall be wificiently served if plscad in the mail, poscape prepaid, sddr~ssed
to, w left upon the premises of any pbligo~ at any sddross shown on the 3ank's records. .
NOTICE: SEE OTHER SIQE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE OATE. '
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(SEAU ~l~
p ~ SfGNATURE OF E
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(SEAI)
AUDRE55 SIGNATURE OF MAKER l
N0~ -C• I~Od~911lZ
- ENDORSEMENT
In additio~ to the liability as endo~sen, whiCh the undersigned hereby atwme, fw value reCeived and intending to be kgally bound, tAe untle?signed land if
more thsn one, ~ch of them jointly and teverally) (al. hereby unconditiunally guarantee the payment of the withi~ Note and all extens~ons w rene.rsls d+ereoi
and all sums payable under o? by virtue thereof i~cluding, without limitation, all arnounts oi principsl and inte?estand atl ezper?ses tinduding atto~neys tees,
whether incurred in trial d appellate proc~edinps) inturred in the collettion thereof, the enforcerr~ent of riy~n tharwnder or with respect to se~y sewrity d~err
for and the entorcement 1?ereof, and waive presentment, demsnd, notioe of disho~or, protest, notice of protest a~d alt o[her notices whstsoever: and (b) consent
and agree that they are bound ss Obtigors under the terms of a~d are wbject to all provisions set fwth on the fsct of sa+d Note ss fully ss tho~gh they were ad~
a Maker thereof, and to the exercise by the hofder of esch snd every right therein set torth a permittad bY law, atl without notiae to or conse~t ot and wid~out
~ affectirg the lisbility ot the undenigned, and turther conse~t and agree that any of the u~dersigned msy be wed by the holder hereof with or without joinirg ;
I any ot the other endorsers or Makers of said Note and without tirst or rnntemporaneously suing amr wch other persoru, or otherwise seeking or procaeding to =
collett trom them or any of them.
'I (SEAL)
f ADDRE55 SIGNATURE OF GUARANTOR
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AODRESS SIGNATURE OF GUARANTOR -
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