HomeMy WebLinkAbout0136 Upon tM occurr~nce o1 ~v~tnt of d~iault, tM Ba~k rtuy ~nttitute app~opr~~n ~p~l procNdinp~ spairat th~ Obl~qors to ob~ain judpmt~t on tM Note and/'
or ~xt~ci~ itt riphts snd r~m~dNS as a wcur~d party undK tM Flaida lMifam Commtrcul Cod~ a otMr appliuble law. If the Bank hss dMm~d itielf ~~s~cun
w upon tM otturrtntt o1 ~n went ol d~fault, tM 8ank shall Mw t?N ~iyht, irtNrNdi~tNy ~nd wiMOUt 1urtMr action by it, to s~t ot( sgsir?tt [hi: Not~ all money
ow~d by th~ 8a~k in ~ny eap~city to ach and ~ny Oblipor, ~nd ~Ifo to at oif apaintt all oth~r liabititia~ot ~sd~ IN~k~r to tM Bank all morNy ow~d by th~ Bank
in ~~y capscity to ~ath ~nd ~ny Maker, u?d tM Bank sha11 b~ d~msd to haw ~x~.ciwd wch .iqht ot ~et oti and to Mvs mad~ s eh~rq~ ~gsinst sny wch mor+w
~mm~diauly upon tM oocurrMq ot wch d~lault ~wn thou9h wch char~t is rn~d~ w~nta~d on tM booki of tM Bsnk wbspwnt th~reto. Unlest the Collat-
!?il If pHlih~lf O~ th~Nlflls t0 d~Clirn spNdily in v~lw or i~ of a typ~ tustortwily sold on ~ nCOqpis~d mark~t. tfN B~fllt 1lrlll 91Vf th~ (IAikN ~NfOfliblA (10IiW
of tM tim~ snd plaa of any puWic saN tMrwf o~ tM tim~ attM which sny privat~ saN or ~ny othN inc~adrd disposition thKwf n to b~ msd~. Th~ ~equi.~.
rt~nt ol ~~asonsbl~ notia sh~ll b~ m~t it wch notic~ is m~i1~d. postspe Pnpsid. to sny. Mak~r ~t tM sddna qiven b~low a at sny othK addr~u shown on tM
r~cwds of th~ B~+k, at I~sst 5 days bNon tM tim~ of tA~ sal~ or dispositior?. Upo~ ditposition of sny Collateral ~ft~r tM occurrenot ot any d~fsuh, ihe
Oblipors shsll t~ ~nd nmain joindy snd s~vrnlly liablt for any d~tici~ncy. Tht Bank shsll account to th~ IN~ker fo~ sny wrplus but tht B~nk shall haw tM ri9ht s
to spply all a any psrt o/ wch wrplus (a hold the ssrrr ~s s r~w ayai~it) sny and all othi~ liabili~i~s oi ~sd~ and any Obligo. to tht Bank. TM Obtqas h~r~-
by vNiv~ ~Y tghts of r~mption aftK dttsult. -
All p~rti~t Ii~W~ fa the payme~t snd collection hereof: (1) a~N to pay all ~zpenset inturr~d ot paid in the proteCtio~ of Cpllstxal or th~ en(orcelr?~nt htn-
of, wMthe~ tM Bank is obii9ated th~~~tw o. not, includinq attanty's fees eqwl to 1076ot tM smount in d~tsult a wch large~ smount ss may bs reasonabl~
fo~ ~vic~s snd ~xpMS~s inturred in tM eAfwtemMt her~of ~ithtr pria a wbspuent to judpmsnt u~d wMther in judicisl proce~dings or oth~rwise, u~d alq
thos~ costs. ~xp~nsa snd reasonsble ~[torn~y's t~ss ineu~nd in appNlate proce~di~s: (2) wsiw pres~ntma~t fo~ psYme~t. demsnd. notice of non-paYmt~t,
notios ot p?otett snd protest of this Note: (3) tonsant to ~nd wsiw notite of any and sll nnewsls or txtMSions of time, waivers, or n?odifitations that m~y be
g?snted by tM Bsrrc with respect to the payment a othe~ provKio~s of this Note or to tM ntesse oi a~y Obligo? or tM Coltat~~al a any put th~reol, with or
wiihoW substitucion; and (4) agrw thst additionsl makers, endo.se~s, guar~~tors or wnti~s msy bacome parties her~to without notice to them or ~ff~cti~ their
lisbility INtwntl~?.
The Bank m~y at any time in its sole discretion compromise. settb or excend tM time oi payment of any of ths demands w obligations. rprtsented by a~y
ol the sscuritys pl~dysd hereundar at~d all of th~ pariits liable for the payment Aereoi hereby make, tonstitute and sppoint the Bank, Ais or their true sr.d lawful
attar+~y tw Mis pu~poss with tull powa and authority to com{xomise, settk or eztend payme~t of said dsmsnds or obligations and to soquirs, atisfy or d'a-
tharge the ssms of record or othervrise ss the partias lisble tor the payment or collection henof mght or tould do if pertonslly prestnt. TM Bsek shsll ~ot be
unde? a~y liability or obligstion to take any steps whstsoever to (ix any liability upon or to colleCt a to enforte payment of a~y obli9ation plsdgsd as security ;
herwnder wh~tAar by givirg a~y ~otite, pressi+ting, demsnding psYrt~ent, protesting, institwing wit a otl+erwise- j
The Bs~lc shall ~ot by anY act of omissiot~ or commission be deemed [o waive any ot its ~ights w remedies hereunder unleis such waiver shall be in writing
and sigi?ad by ihe Bank and then only to the exte~t specificallY set forth therein; a waiver on o~e event shsll nat be co~strued as continuing a ss a bar to or
waiver of such right or remedy on a subsequent event.
The liability of esth Obliyor shall be absolute and unco~ditio~al and withouc ~eyard to the I~ability of any other party hereto. Any notice shall be wtficient-
ly served upon atl Obligors by servitg wth notice upon a~y one Obligor. The notice shall be wtfitiMtly served if plated in the mait, postage prepaid. addressed
[o, a left upon the premises oi any Obligw at a~y address shown on the Bank's records.
NOTICE: SEE OTHER SIDE FOR IMPORTANT MFORMATION
EACH MAKER ACKNOWIEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE.
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6144 NoMh W/1d Court.~ Thtr~eY"s~ Ctt1?¦ Mi ISEALI ~ f Z/~-~ ;'t ~
~ ADDRESS 4g68q ~ Ki~ E OF MAKER
~ (SEAI)
ADDRESS ' SIGNATURE OF MAKER
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ENDORSEMENT '
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In addition to the iiability as endorsers, which che undersigned hereby aswme, for value reteived a~d intending to be legally bound, the undersigned (and i(
more tha~ one, each of them jointly and seve~a11y) (a) hereby unconditionally guarantee the payment ot the within Note and a11 exteruions or renewals thereof
and all wmt payaWe unde? or by vinue ti~ereof includirg, without limitation, afl amounts of principal and interest and alt exper?ses (includi~g attwneys' fees,
wfiether incuRed i~ trial or appellate proteedings) ioturred in the collection ther!?p(; the enforoert~ent ot rights thereunder or with respect to any security therr
' fo. and the enforcemenc hereof, and rvaive presentment, demand, notice of dishonw, protest, ~otios of protest and all other notices wf?atsoevt~; and (b) co~uent
and apree tlwt they xe bound as Obligors under the terms of and are wbject to all provisions set forth on the fact of ssid Note as fully ss though they were esch
a Maker thereof, and to the exercise by the hokler of esch and every right therein set fortfi or permitted by law, all without notice to w consent of and without
aifecti~g the liability ot the undersigned, and turther consent and agree that any of the ~ndersig~ed may be wed by the holder hereof with or without joining
any of the other endorsers or Nlakers oi said Note and without tirst or tonternpo?aneously witg aity suCh other persons, or otherwise seeking or proceeding to
collect trom them w any ot them. '
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