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HomeMy WebLinkAbout0103 Upon tM occu~renc~ ot ~w~i ol d~faull. tM 8ank may institut~ sppropr~st~ Ip~l p~ocNd~nps ap~~ntt th~ Oblipors to obtam judpnwnt o~ tM Note and/ or •zKtiM its ripAu and nn»di~s as ~ acund party undK tM Florid~ Uniform Comm~rcial Cod~ o? otMr ~ppli~apb law. It tM Bank hss d~rnd ~tsNl ins~cw~ o~ upon tM occurr~~p ot ~n ~wnt of d~t~ult, eM Bank shall Mw tM ~pht, imnNdiatNy ~nd wichout furthN action by it, to at otf spairat this Note all mor?~y owed b~r iM Bank in anr capuicy to ..d? ~nd any Obiqa. ~~d ~ISp to Nt o1f ap~iMt all oth~r li~biliti~s Of NNf MikK t0 tM Bank all moMy ow~d by tht Bank ~n any capacity to ~ach and any IWk~r, and tM 8ank shall b~ d~em~d to Mw ~xKCiwd wch rpht of ~t ofi and to h~v~ m~d~ s ch~rye a~intt sn~ wch mwNy ~mmsdNtNy upon tM oaurr~~p ot wch d~fwlt ~wn thouyh wch chup~ it rt~sd~ a ~~tK~d on tM books of tM 8aok sub~qwnt thas~o. Unlas th~ Collat- e~ai is p~rith~bl~ o? thrqtt~u to d~c1iM tpi~dily in vslw or is ot a typ~ custort~ily sold on ~ r~copi~iz~d m~rk~t, ~h~ Bank will piw tM Mak~r ~~aan~bl~ no[ice ot ch~ tim~ ~nd plac~ of sny puWk aN tMnof or tM tims aft~~ which sny privaa ul~ w any oth~? inund~d di~i~ion cher~ol a ~o b~ rt~. TM ~~quir~- ' ment ot rwon~bl~ ~?otip shall b~ rtwt if wch notia b rTMil~d. postp~ P~paid. to any Maktr ~t tM addnu piv~n bNow or at any otM. ~dd~~ss shown on ~M recwds of tM Bank, at qut S d~ys befor~ th~ tim~ of M~ ssl~ or dispolition. lh~ difpotitioo of ~ny Collat~rN after cM oaurr~np ol aoy d~isuli, tM ObliQws sMll b~ snd ~~rtwin jointly ~nd s~wrslly lisbl~ lo~ a~?y d~fici~ncy. TM Bank ~hsll account to tM MskK for aMr wrplus but tM B~nk ~h~tl Aav~ iM riyht to apply NI or any pNt oi tuCh surplus (Or Aold tM f~rtM q s r~~ve spai~st) any and NI oth~r li~biliti~s ot esch and sny Oblpw io tM Bank, TM Oblgas he~s- by wNv~ any riOha ot r~mptio~ attK d~fwlt. All putia li~bb fo? tha paymsnt and coll~ction htnof: 11) sprN to pay all ~xpent~t inCUrnt! or paid in tM proteCtion of Collatersl o~ tM tniorp~nt he~e• o!, whathN tM Bank is oblip~ted tMr~for w not, includi~p attorn~y's fap pwl to 1~fioi tM amount in detsult or wch larya smount ss msy bs reaswuWe tor servic~a and ~xpMS~s incurr~d in tM enfort~ment h~nof titMr pria or wbMqwnt to judprr~nt a~d whether in judicul prot~adinps or othtrvvip, snd alw :hose costs. txpK?s~s snd reasor?~W~ sttan~y's INS incwnd in appNlste P~~i~: (2) wsiw pnMntm~nt (a psyms~t, d~mand. notics of non-payment. . nocece ot protnt and protesc of fhis Note: (3) coasent to and waiw notiw ot any and ~II r~rwvwls o? ~xt~r?sions of tirr~, waivn:, a modification: that m~y bs granted by tM B~ric with respatt to tM payment or otAe~ provisiont o1 this Noq ot to tM rol~~ of sny Obliyor or ths Collat~ral w any patt Mtreof, with w : w+thout wbstitutio~: a~?d (4) agne thst addition~i mskert, enclorsers, yuaranton a wnti~s msy b~come partias here~o wi~hout notiu to chem w ~ifoctiny their I~ability hN~uncNr. Th~ Bank msy st any time in its sole discretion compromif~. settk w extend tM tirt?~ oi payment ot sny of the demands a obtiqations, rep?esented by any ot che ssturities pl~dgsd he~eu~der snd sll of the puti~f li~ble tor the psymMt hereof he~~by mak~, constitute and sppoint the Bs~k, his o? their true and lawful a~corn~y tor this pu~pose with fu~l powsr and wtlwrity to compromiss, settM w extend payrne~[ o( said demands a oWpatio~s snd to acquirs, atisfy a dis- charge tM sartM of record or othNwise ss tM ps?tiq lisbl~ tor the psyment M tollectipn hareot might or tould do if personelly prtsent. TAe Bay~k shall not be ~ under any liability or obligation to ake ~ny steps whstsoeve~ to fix any lisbility upo~ or to tolleCt w to e~?fpCe payrt~ent o( sny obtigation pled9ed ss seturity hereundK wfNthK by givinp s~y notice, p~efentinp, derttf~ding psyrt~ent, prot~stirg, iiutituting wit or othervvise. The Bank shsll ~ot by any sct of omission or commission be detmed to waiw any of its rights o~ romedies hereunder uMeu such waiver shall be in writing and siqned by tM Bsnk and then only to the extent specifically set fath thsrein: a waiver on o~e event shall not bt construed as continuinq or as a bar to o~ ` wa~ver of wth riyht or retnedY on a subsequent event. ` The liability of ssch Obliyw shsll be atisdute snd u~cooditionsl and without regard to th~ lisbility of any other party hereto. My notice shall be wfficient- Iy served upo~ all Obtigors by tarvin9 wth notice upo~ atiy ons Obligor. The notiCe shall be wHiciently served if placed in the mail, postage prepaid, addrested ~ co, w lett upon the premises of a~y Obliga at any address show~ on the Bank's records. , NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION EACH MAKER ACKNOYVIEDGES RECEIPT OF AN EXECUTEU COPY OF THIS NOTE ON THE ABOVE OATE. 235 Art~ros Or. , Merri tt Isl en~, F1.. 32952 (SEAI) - AODRESS ~ u Z1J~ OF MAKER ISEALI ~ T _ AOORE55 SIGNATURE OF MAKER. _ Isa~bel Edwards , , ENDORSEMENT • In addition to the liability as endorsers, whith the undersigned hereby aswme, for value reCeived end intendirg to be legally bound, the undersignad (and if more than one, eac6 of them jointly and sevtrally) (s) hereby uncondition~ly gwrantce the payment of the within Note and all extensions w re~ewals thereof and all wms payable under or by virtue thereof including, without limitation, sll anwunK oi printipsl and interest and all expe~ues (inCluding attorneys tees, whether incurred in trisl or appeUate proteedings) i~curred in the cdlection thereof, the e~toroert~ent ot rights thereunde? w'vrith respect to sny seCUrity thae- for and the enforcement hereof, a~d waive presentment, demsnd, notioe of dishona, protest, notice of protest and all other notices whatsoaver; and (b) conse~t and agres that tAey are bound as Obligon under the terms of and are wbject to all provisioos set (orth on the fact oi said Mote as fully ss though they were each a Maker tl+ereof, a~d to Me exercise by the holder of esch and every right therein set fo.M a pe.mitted by law, atl without notice to o. consent of and without . affecti~g the lisbility of the undecsigned, ar?d turther consent arxf agree that any of the undersigned may be wed by the holder hareof with or without joining ` any of the other endorsers or Makers of said Note and wiMout first or contert~poraneously wing amr wcA other persont, or othervrise seeking or proceeding to . ~ collect from them w any of them. ~ • ~ ~ ~ ISEAU I ADDRESS SIGNATVRE OF GUi4RANTOR I ISEAL) ADDRE55 StGNATURE OF GUARANTOR a ~ ~ _ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ pR sooK283 P~ ~.~3 . ~ - ~ ~ - ~ . ~ , ; : _ - . ~ ~ - - . - _ _ _ ~ _ _ _ . . .fi.~~ ~ ~