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Home My WebLink About0122 llpon tM occu~re~c~ of s~ ~wnt of detsult, th~ Bank rt?ay ~nstitute sppro{x~aq lepal proceW~nys apai~st th~ Obl~pors to obta~n judprntnt on tM Note and/ or exKUa its ~i9hts a~d rtm~dia ss ~ s~cured party ur~ tM Florida Unifo~m Commuc~sl Co~ or otMr appliubl* law. It tM Bank has da~m~d ~tsdt Ins~cur~ or upon tM occurn~ ot sn ~ve~t ol d~~sult, tl+~ Bank shd~ hav~ ~M rpA~, imm~d~alely a~d without furtMr sttion by it, to ~t off sqai~st this Noc~ a1t mon~y ow~d by tM Ba~k in ~~y capacity to ~ch and any Oblipor,and a1w to stt ofi spainst all oth~ liabilitiq o( ~ad+ MskN to tM Bank all moMy owtd by th~ B~nk m sny cspacity to tach and any Mak~r, a~d tM Bsnk sh~ll b~ dKmad to hsw exrci»d wch rqht of ~t off snd to hav~ mad~ s char~ a~inst ~ny wch mon~y immsdiuNy upon th~ octurr~nea of wch dafault ~wn thouqh wch chu9e is rtyds a ~~qnd on [M book~ oi ~M Bs~k wbspwnt th~reto. U~I~ss tM Collat- e.al is pe~ish~bl~ w thr~stens to decli~e sp~~d~ly in vslw a is ot a typ~ custortwily sold on a r~oopnii~d msrk~t, tM 8s~k will ~iv~ tM Mak~. rpsonabN notiq ot tht time and pl~u of sny public ssle tMrwf or 1M tim~ ata? which snv privat~ s~N or sny oth~~ int~nd~d ditpaition thKwi it to b~ rrud~. TM ~pui~~- rrx~t of ~NSOnsbk notic~ shall bs rrrt i( wch notice is mailsd. posts~e Prspsid. to any Mak~r ~t tM addreu piven bNow w at any othK addnss shown on tM records of tM 8ank, at least 5 daYs beton tM time of ths ssle or disposition. lJ~on ditpoutia? of ~ny Coll~t~rat afta the occurrt~w ot ~ny d~lwlt, th~ Obliyon shall be sr.d remiin jointly and sevarslly lisbl~ fw s~y defitie~ty. The Bsnk shsll actou~t to tht Maker for any wrplui but tM Bank fhall hsv~ tM ri~ht ~o spply all w any part ot such surplus (w hold the sam~ as s restrvs apai~st) sny and all otha IiabilitiK of ~sch snd any Oblgw to tM Bsnk. Tht Oblipat hert- by vwiv~.any riphts ot redsmption a(te? dtfsult. Atl psrties lisbls for the paymant and collection he~eoi: (1) aq~ae to psy all expenses inturrsd o~ psid in tl» prOteCtiot~ of Co~l~t~~al o~ the ~nforpment hKt- of, whsther the Bank is obligated th~refo~ a not, ~nclud~ng sttaney's fees aqual to 10%of tM ~mount i~ detault a wch larq~~ amount as msy be reaso~sW~ to? servit~s end tzpenses ~nCUrred in cM en(orcement Mreot either prior or wbspuer~t to jud~ment and wMthK in judicial proe~ediryp or otherw~se, snd slio those costs, exp~~set and ressonable attwney's !eK incurred in appellate proceedirgs: wsiv~ prestntrnMt for paymant, dsma~d, notice of non-p~yment, notice of protest and protest o1 this Not~; (3) consent to snd waivs ~otice ot sny snd sll re~ewsls o? ext~nsions o1 time, wsiv~rs, w modifications th~t msy bs g.anted by the Banlc wi[h respect co the payment a other p~ovisio~s of this Note or to tha reloase of ~ny Obligor w tM Cotlateral or any pa~t thereot, with a w~thout substitut~o~; a~d (4) agree tha[ additional make~s, e~dorsers, 9uarantor: o. wretiss msy becoms parties hw~to without notice to them or sftectinp th~ir liability hNeunder. The Bank may at any time in its sole discretion compromise, settle w exiend ~he time of payment o1 sny ot the demands a obligstions, repr~sented by eny of tM securities pledged he~eunder and a11 01 the parties liable tor the payment Aereoi hereby mak4, totntitut~'and appoint the 8ank, his w their t~w snd lawful attornsy tor this purposs with full power and authority to eompromise, settle or extend psyrnent ot tsid dems~ds a obligatio~s and to saquir~, satisfy or dis- charge the sams oi reto~d or otherwise ss tM parties lisble for the psyment or collectio~ hereof might o? could do i/ personally prt~ent. TM Bsnk shall not be under any lisbility or obligatio~ to uke any steps whatsoever to tix any lisbility upon or to colleet a to enforce psyment of any obligation pladged as security hereunde~ whetAer by giving any notice, prssenti~g, demanding payment, protesti~g, instituting wit a otl?e~wisa. The Bank shall not by any act of omiuion or commiuion be deemed to waive any of its rights o? .emedies hereunder unless such waiver shall be in writi~g and signed by the Bank and then only to the extent specititally set forth therein; a waiver on one event shall not be tonstrued as Continuitg or ss a bsr to w waiver ot wch right W rernedy oo a subsequent event. The liability of each Obliyor shall be absolute and untonditional and without ~egard to the liability of any other party hertto. Any notite shsll be wtfitient- Iy served upon all Obligors by serving wch notice upo~ a~y one Obligor. The notice shall be wfficiently served if placed in the mail, postage prepaid, addressed to, w leit upon the premises of any Obl~gor at any address shown on the Bank's reco~ds. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE. 12845 S.M. 82nd Place, Mia~t, Fl. 3315b ISEALt~~..ry?.~~ ~~o~.l-~In+l ~ AODRE55 SIGNATURE OF MAK~~ rE.9ek'id (SEAL) l _ i y ~t _ AODRE55 SIGNATURE OF MAK R . EsLhe~ E. DeWald ENOORSEMENT In acldition to the liability as endorsers, which the undersigned hereby aswme, fw value received and intending to be legally bound, the undersigned (and ii more than one, eacfi of them jointly and severallyl (a) hereby unconditionally guarantee the payment of the within Note and a11 extensions or renewals thereof and all wms payable u~der or by virtue thereof includirg, without limitation, all amounts of principel and interest and all exper?ses (including sttorneys feet, whethe~ incurred in triat d appellate proceedings) incurred in the collection the?eot, the eniorcert~ent of rights thereunder or with respeCt to a~y security there- for a~d t1?e eniorcement hereof, a~d waive presentment, demand, natice of dishonor, protal, notios of protest and aIl other notices whatsoever: and (b) consent and agree that they are bound as Obligors under the terms of and are wbject to all provisions set torth on the tact ot said Note as fully as Mough they were each a Maker tF~ereof, and to the exercise by the holde. of wch and every right tharein set forth or permitted by law, all without notice to or consant of and wiMout affectirg the liability of the undersigned, a~d turther consent and agree that any of the undersgned may be wed by the holder hereof with or without joining any ot tAe other endwsers or Makers of said Note and without first ar contempo?aneously wing arty wd~ other persoru, or otherwise seeking or proc:eetiing to coltect from them w any of them_ V ISEAU ADDRE55 SIGNATURE OF GUARANTOR IsEa~1 ~ ADDRE55 SIGNATURE OF GUARANTOR S Bo~~ 283 P~E ~'2 - ~ ~ ~ t ~ ~ . , s ~ ~ - _ .~.rt._~~ _ _ . - - _ _ , -~1:. _ .