HomeMy WebLinkAbout0095 llpon tl~ ottu?r~ of ~n tv~nt oi dNau11, tM Ba~k may ~Mtitutt approW~rit Ipal proc«dinpt a~sinst tM Obliport to obtsin judprrM~t on tM Note snd/ •
o~ ~zKC~s~ ia ripha and nm~di~s as a Ncur~d party u~ tM flaida Unifo~m Commt~cisl Cod~ or oth~~ sppli~abl~ law. It the Bank hss de~med ~tw11 insscur~
or upo~ t1N octurr~~p ot ~n tv~nt of d~f~ult, tM BaNt shall hav~ tM rpht, imrr»duttly snd wiMout furtM~ sttion by it, [o wt oft agslni~ ~hii Nou ~II mon~y
ow~d by tM Bank in any capacity to wcA ~nd ~ny Oblipor, ~+d slso to s~t ott apii~tt ~II othK lybilitia ot ~ch MakK to tM 8ank all mon~y ow~d by th~ 9snk
in any cspscity to wd? snd any M~Icn, ~nd th~ Bank ~I+all b~ dNm~d to f?~w ~x~~cis~d wch ripAt of s~t ott ~nd to hav~ mad~ ~ cMr~ ay~inst any wch moMy
imm~diatNy upoA tM ooCUrr~~q of wd~ d~fauli w~? tbouph ~uch cMrq~ is rtisd~ w~ntasd on th~ books of th~ Bank wbspwnt tha~to. Unl~ss th~ Collat-
enl a pKiihaW~ or tArwt~m to daliM ~~dily in vslw a is of s typ~ cuitomuily wW on ~ ncopruz~d rtnrk~t. tM Bank will piv~ th~ Mak~r rssson~bl~ notia
ot thf tirtM and plaq O/ ~fy publK f~N MM~Of O~ tIN tirtff aftN whid~ sny privst~ fal~ p ~ny otAN iot~nd~d disposition th~~w( is to bt msJ~. TM rpu~rF
m~n~ of ~onabl~ ew~ip sha11 b~ m~t if wd~ notia k rtwil~d, posap~ pnpaid, co ~ny N4ke~ ~i ~M sddnss yiva~ bslow a any oihK sddr~ss sAown on ~h~
ncwds o/ tM~ B~nk~ ~t kast S d~yt b~fon th~ twn~ of tM ssl~ a disposition. Upon di~po~ition ol s~y Collat~rsl slter tM occurre~p ot any dstault, the
Oblipo~ sMlt bt and r~in joindy ~nd ~wtratly IiabN for ~y d~ficiMCy. TM Ba~k shall aocount to tM Msk~r (or any wrplui but the Bsnk shsll haw th~ ripht
to apply aH or ~ny part ol wch wrplus (or hold th~ ~ as s r~w sp~inst) any snd all otM? liabiliti~s ol ~ach and any Obliga to tM 8ank. Ths Obligors h~re-
by vaiv~ sny riphts of r~dtmptan sltM d~/~ult.
All putip liabl~ tor ~M payrt~~ snd coll~c~ion Mrwl: (1) a~rN to pay s11 exp~ns~s incurnd o. psid in tA~ protsction of Cotlateral a eM onforce~na~t h~n-
of, wMtMr ths 8ank is obtpand t1+~rNw a not. includinq sttwnw's tea eqwl to 10%ot th~ smount in default a wch Isr~r smount u may bs resso~aW~
for servitp and ~xpMS~s incurr~d i~ tM ~n(O~C~rrwnt hM~ot ~ithe? pr'~ O~ wbsequN~t to jud9nfent and wMther in judicial proceedinps or othtrwise, and a1w
thos~ costs, ~xp~ns~s and reason~bl~ attan~y's iNS intwnd in appellate proce~dirys; (2) wsiw pret~~tment ta paym~nt, demsnd, notic~ of non-psyrrNnt,
no~ia ot protat snd pro[est of this Not~: (3) consent to snd waiw notin of sny and all renwwls w~xt~nsion: of time, wsivers, or moditica~ions that msy be
grsntad by tM Bs~c with raspect to the psyrtx~t a otha provisions of this Noa or to tM rot~sst of sny Obiigor or the Collatersl w any part thereof, with o~
wiihout wbacitu~ion; snd l4) syne chs~ additional m~ken, endwse~s, puua~tors o. wrttiq m~y b~come partiss hereto without notice to them a atiscti~9 their
liability INrwndK. .
Tht Bank mty at sny time in its sole distretion compramis~, settk or extend tAe time of payment o1 any of tAe dsmsr?ds w obligetions, represented by sny
ot the securiti~s pl~tlgsd hereunde~ snd sll of the psrtNS Iisbl~ tor the psllment hereof hereby mak~, co~utitute and appoint the Bank, his or their true and lawful
attwn~y tor 1hs purposs with (ull power snd auMority to compromis~, settk or extend paym~nt ot said damands or obligetions and to aoquin, ptisfy or dis-
tha~ye ihe sart~e of retwd or othe~vNSa ss the partias lisbl~ fo~ the payment w Collection hereot might or could do if personally present. The Bank shsll not be
unde~ any lisbility a obliqatioe to take any stapa wAstswva to fiz sny tiability upon or to collect w to eniorce paymant ot any obligation pkdged as security
h~reunder wheMlr by givinp any notip, prts~r+tinp. derna~dirg psymsnt, protestirg, i~stituting fuit W otherwise.
The Bank sAsll ~ot by any sct ot Omission Cr comtnission be d~eined to waive any o( its rights or remedies hereunder unltss suth waiver thall be in writing
and siy~ed by tM Bsnk and then only to the eztant specitically set fwch therein; a waiver on one eve~t shall not be construsd as cominuing or as a bsr to or
weiver of wcA right or remedy m a wbsequent wem.
Tt~e liability of e~th Oblgw shsll be absolut~ and u~co~ditionsl snd wiihout re~ga.d to tM liability of sny other party hereto. Any notice shsll be wtfitient•
W sMV~d tRw~ sll Oblgas by suring wch notice upon any one Obligor. The notiee shall be wfficiently se~ved if plsced in the mail, postage prepsid. addressed
co, w ktt upon the prcmisa of any Obligor at any addreu show~ on the Ba~k's records.
NOTICE: SEE OTHER SIDE FQR IMPORTANT INFORMATION
EACH MAKER ACKNOWlEOGES RECEIPT OF AN EXECUTEO COPY OF THIS NOTE ON THE ABOVE DATE.
u231 4th St. , S.H. , l~itrga*e, f1. 33063 ~~c3c,.,~ cPs,r-L
(SEAL) ~
ADDRE55 SIGNATURE OF MAKER
G~~ne tuart
1Sanders
ISEALI ~ o~~Yo. ~c~-~.
ADORESS SIGNATURE OF MRKER
~ Sandra Dawn S~nders
ENDORSEMENT
In sddition to the liability as endorsers, which the undersigned hereby aswme, tor value received and intending to be legally bound, the undersigned land if
more than one, each of them jointly and severally) (a) hereby unconditionally guarantee the paymen[ of the within Note and all extensions o. ronewals thereof
and all wms psysble u~de~ or by virtue Mereof including, without limitation, all artwunu of prinCip~ and interest and all expenses lintluding attorneyi /ees,
whether inturced in trisl or appellate procaedingtl_ intur~ed in the coilection thereoi, the entacwnent oi rights thateunder or with respett to am? security there-
for and the enforoement hereof, and waive presentment, demsnd, ~otice of dishono., protest, notioe ot protest and all other notices whatsoe~er; and (b) consent
and agree thst tf~ay sre bound as Obligors unde: the te?m~ oi and are wbject to all provisions set forth on the fsct of saFd Note as fully as though they were each
a Mske? [hereot, and to the exercise by the holder ot es~J+ and every right cAerein set forth a permitted by law, atl without notice to or mnsent of and without
~ affecting the liabiliry of the urdersi9ned, a~d further coraent and agree that any of Me undersigned may be sued by the hotder he?eof with or without joining
I any of the other endasers w Makers of said Note and without first or- contempwaneously wi~g any wch other pe~soru, or otherwise seekirg or proceeding to
cdlect (rom them or amr of them.
~
I (SEAL)
ADORE55 _ SIGNATVRE OF GUARANTOR
ISEALI
AODRE55 SIGNATURE OF GUARANTOR
I~L ~
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