HomeMy WebLinkAbout0111 U~wn tM occu~r~nc~ ol an w~nt ol d~1wlt, th~ Bank rtwy ~nititutc ~ppropriat~ tp~1 p~ocMdiny~ ap~~m~ th~ Obliqors to obt~in jud~nt on th~ Note snd/
or ~xutis~ in ~iqht~ u~d ranwcf~a a ~ s~tu~~d partlr und~r tM Flwida Uniform Comm~~cial Cod~ or otMr ppliubl~ law. 11 tM Bsnk hat dNm~d ~tsNf ~ns~tu?~.
or upa? th~ occurr~nCS o1 ~n w~nt o1 d~tautt, tM B~Mt sAall Mw tM rqht, irmnd'auly and wiMout turthK action by it, to sat ot/ a~aimt this Note ail mor?ty
owsd by tM Bank in sny c~pacity to wch snd any Oblipor, ~nd alw to s~t ott apiin~t NI oth~r INbilitip o1 Nth M~kN to the Bsnk all moMy owrd by iM 8~nk
in ~ny cp~tity to ~aCh ~nd ~ny UA~kN, ancl tM 8ank sANI b~ d»m~d to Mw ~xNCitW wd? rqht of t~t off snd to haw m~ a cMrp~ p~iest ~ny wch mon~y
~mm~diatNy u~w~? H?~ otcu~r~nn ot tuch ddault ~wn thou¢~ wch charp~ is mad~ a ~nt~nd on tM bookt o( tM Bsnk wbseqwnt tA~r~to. Unlea th~ Colbt-
eral is pNishabl~ or thnat~nf to d~t1iM tp~~di~y in value or is ot s tVp~ custo~rnrily wld on ~ rKOpniz~d muk~t, tAe 8~nk-will yiw tM M~ker rqsonsbN notiq
of th~ tiri?~ ~nd plaa of any public ~N cMrwf w tM tim~ ~ft~r which any privaa ~N a any otMr int~nd~d disposition thk~o( is td b~ n~. TM ~pu~~~-
rr~t of rMia+at~N ootia shall b~ m~t if wch ootia b m~~lid. postap~ Pr~paid. to any N4k~~ ~t tM addr~=s piv~~ bNow w at a~y otM. ~ddr~p shown on the
?ecads of tM 8snk, at hat 5 days b~ton th~ tim~ of Mt al~ o~ dispos~tion. l)pon di~position of any Collsttrsl a(te. tM occurr~nc~ ot any default, the
Obliqors sMll bt and r~in jointly and swK~lly Ii~bM for any defici~ncy. TM Bsnk shall ~coount to th~ Mak~r for any wrplus but tM B~nk sh~ll Aav~ the ri9ht
to spply ~It a~m1 put of suth su~ptus (a hold tM s~m~ ~s a r~erw ~pai~~t) ~ny and sll otl?K liabiliti~s of esch snd any Oblgcx to tM Bank. TM Oblipws hera
by v~ivt any rqhts of r~mptio~ attK dtisult.
All p~?tiK Ii~bN fo~ tM paYm~nt snd coll~ction Mrwf: (1) ~~e_to piy ~11 txp~nsK incurnd w paid in tAe protection of Collateral or th~ ~n(orce~nent Aen-
of, wl?~th~r tM 8ank ii obliyat~d tMre(a w not, includinp attorn~y's taes eQwl to 109~iof th~ amoune in d~twlt w wch larper smount as may b~ reato~sble
for strvic~s s~d ~xp~ns~s i~cur~ed i~ tM enforpmMt Mroo/ titM? pria a wbspue~t to judpm~nt snd wMther in judiciat proce~dinys or otMrwis~, and also
tnoss tosu, exp~nta and reasonsbl~ stta~sy's i«s incw~ed in si~pellste proce~dingt: wsiv~ pre~ntm~nt ta wvn+tnt, demand, notice ol non~payment,
notioa o( prot~st snd p?otest of tAis Nots; (3) consent to snd waiw notit~ of sny and sll nn~wals w~xtMSions of time, wsivert, or nwdifiCationt that msy be
9ra~ted by tM Bsn1c with rapsct to the psyment o. othtr provisio~s ot this Non or to the n1~ of sny Obli9w w tAs Collatenl a aMr part the?eoi, with w
wi~hout subaticution; snd (41 a~~s ths~ sdditionsl mskers, endorsers, pwrantor: w wntia m~y become par~ies herato witAoui notice to chem a sfiscti~g th~ir
liability hN~u~r. -
The 8ardt ~wY at any time in its soM distretio~ tompromi~, settk w ~zt~nd the tirrN of psymtnt ot ~nY of the demands or oblipstions, repr~s~nted by any
of tha s~turities pbd~d htreund~r a~d all of th~ puties Iiable tor th~ payment her~oi ht~eby make, Co~stitut~ and appoinc the Bank, his or tMsir true ~nd Iswful
atto~ney tor this purpos~ with ful! powa~ and authwity to tort~{xomise, settle or sxte~d paytnn+t of qid d~rnsnds or obligstions and to soquir~, tatisfy or dis-
cha~g~ tM sam~ oi ncord or otherwiss as t1+e psrties liabh ta tM p+yment a co~lactio~ hereof mght o~ could do if parsonally present. TM Bsnk shall not be
under any liability o~ obligatio~ to taks sny staps whstsow~~ to tiz sny lisbiiity upon or to collect or to entorce paYment of any obligation pledy~d a security
hereunder wh~thN by giving anY notit~. {xsssoting, dtrt~fnding payrtfs~t, protesting, irutituting wit or otherwist.
The 8ank shall not by any act o( omission a commission be deert~ed ta wwive any ot its rightt ot temedies hereunder unless wch waiver shall be in wtitiny
and sqnsd by the Bsnk and then only to the ~xte+u specitically sst tatA ther~in; a waiver on o~s event shall not be construed as continuing or as a bsr to or
vraiver ot wCh ?ipht Or remsdy Oo s subsequMt ev~nt.
The tiability of eseh Obligor shsll be sbsolute and uncorxiitional and without ~egard to tM lisbility ot any other parry hareto. Any notice shsll be wfficient-
tv servrd upon all Oblipws by serving wch notice upw? any a+e Obligor. The notice sF?atl be wfticiently se.ved if placed in the mail, postage prepaid, addressed
to, a left upon tM premises of any Oblpa at sny address sAown on the Bank's records.
NOTICE: SEE OTHER SIDE FOR tMPORTANT INFORMATION
EACH MAKEH ACKNOWLEQGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE.
7~ S. k 55th Ave.i Mia~t, fl. 33143 ~sEnu .~`i~.--~~~
ADDRESS 51 ATURE OF MAK
, 8 n l. In h~ /
(SEAI) ' ~ ~L
ADORESS .i SIGNATURE OF AKER
Jodi W. Ingraham
ENDORSEMENT
In addition to the liability as endorsen, which the undersigned hereby sswme, for value received and intending to be legally bound, the undersigned (and i( ~
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more than one, ~ch of them jointly and severally) (a) hereby unconditionally guarantee the payment ot the within Note and alt extensions w rcnewals thereof
and all wms payable untler w by virtue thereoi inCluding, without limitatio~, all amouna of pri~ and interest and all expenses (including attor~eys' fees, }
whether inturred in trisl a appellate proceedinys) incurnd in the collattion thereof, the enforpment ot rights thareu~der or with respact to any security there-
~ or and the enfortement hereof, and waive prese~tment, demand, notice of dishonor, protest, notip of protest and alt other notices whatsoever; and (b) consent
and sgree that [hey s.e bound as Obtigws under the terms of a~d are wbject to all provisions set forth on ths tact oi said Note as fully as though they were esch
a Maker thereof, a~d to the exercise by the holder of each and every right ti~eroin set forth or permitted by law, all without notice to or mnsent of and wiMout
~ ai(ectiny the liability of the undersigned, and further oornent a~d agree that any of the undersigned may be wcd by the holder hereof with w without joining
any of the othe? endorsers or Makers oi said Note and without first or co~terr~aaneously wing any wch other persons, or otherwise seeking or proteeding to
collect from them or any oi tF~em.
~
~ (SEAL?
AODRE55 SIGNATURE OF GUARANTOR
(SEAL)
ADORE55 SIGNATURE OF GUARANTOR
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