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Upon tM occurrMC~ ol •n ~v~nt ol d~fwl~, tM Bank may i~stitut~ ap~xopnaa Ip~l p?oc«dinps a~~nst th~ Oblpac to obtsi~ judyrtrot o~ tM Note and/
or ~;KCiq itt rpha ar~d nm~di~ as a s~cur~d par~y und~. tM fla~da U~itwm Comm~rc~N Cod~ or otMr spplic~b?~ law. If the Bank has deNned ~twlt ~r?~cur~
w upw~ tM otturrt~a of ~n w~~t ol d~f~ult, tM BsMc sMll haw tM rpht, imrtrd'utNy u~d withoul IurthK sction by it, to qt oft s~inst this Noy all mo~ty
ovwd by cM B~+?k io ~ny cap~cicy co ~ snd any Oblqa, and ~1to to at olf ap~irut ~I1 oth~r liabiliti~ of ~sch MakK to tM Ba~k a1~o~~y th~ Bar?k
~n sny c~pacity to esch and sny Mak~~, and th~ 9ank fMl! b~ dwm~d ~o h~w exKCi~d wch rqht of wt off ~nd to f?~w nud~ a chsrq sqa any such mw?~y
~mmedistNy upo~ th~ occurr~np oi wcA dNwlt ~w~ thou9h wcfi chuq~ is rn~ or ~nt~r~d on th~ books oi tM Bank wbspwnt thereto. Unl~ss tM Collat• ,
ersl is ptrish~bl~ o~ lhreattnf to d~cline sp~~dily i~ valw a i~ ot a typ~ custortwily told on ~ ncopni:~d m~rket, tM Baok will piw tM~1~Qrs~nabl~ notia
of tM tirtM snd plsc~ of sny public ~sh tMnof w tM tim~ sftN whicA ~ny privat~ s~ or snY othM int~~tl~d dispotition tht«of is to b~ rn~tb. TM rpuir~-
msnt of ~qsorwbl~ notiw sha11 b~ m~t if weA notia is m~il~d. posta{p Prpsid. to ~ny Malur ~1 tMr address Qiwn below w at sny othe. addrta show~ on the
records o( tM Bsnk, at I~att 5 dayt btfoh tM tim~ of Ms sal~ a disposition. URwn difpotition of any Collaarsl a1tK tM occw~tnoe oi any d~tautt, the
Oblipon shall Ge snd ~tmai~ jointly and sove~slly IiaW~ fw sny d~(icie+~cy. Tht Bank shall ~ccount to tM MakN (or any wrplus but the Bsnk shall haw tM ri9ht
to apply all a sny part-ot such surplus (a hold tM sam~ ~s ~ r~rvs aqainst) srW and sll otlN~ liabilitia oi sach and any Oblgcx to the Bs~k. TM Oblgors here-
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by vwlw any riqhts o/ r~mption aftK defwlt.
Au Psni.s Iiab1• tor tM Payment and cou.c~ion Mrwt: 1~) a9.e. to psy sll ~xp~ns~s inturrld or psid in tM prot~ttion of Cotlattral or tM~~ntortetment hN~-
of, wMtAer tM 8ank is obligsted th~r~iw o. not, i~cludinp ~ttwnhr i fees eqwl to 10%of tM amount in dtfault a such la?q~r smount ss msy bs ~esso~aWe
for servic~s a~d ~xpN?ses ineurred in th~ e~twctmMt hKeoi titht~ pria or wbssquent to judyrnsnt u~d whtth~r in judicisl proca~dinys or otherwise, snd also
ehost costs, expensa snd r~asonabl~ atto~ney's (MS incwr~d in sppellst~ ProcNdings: wsiv~ Dr~trt~snt tor payrtrnt. dsms~d, notict o( non-paYment,
notip of protest ~nd protest of tAi: Note; (3) consenc to snd waiv~ notice of sny and all renevwls a~xt~nsions of tirtk, wsive~s, o? modifiptions tAat may be
g~anted by tAt Baric with respect to the payrt+~nt a other provisio~s of this Note or to the raltas~ of u?y Obtiycx a the Collate~al w s~y pa~t thereof, wiM a
without substitution; and (4) sg~ee that sdditionsl maken, endorsert, guuantors w. wretia m~y become partiet hptto without notice to them or af(ecti~g tMir
liability Mreu~der. '
Th~ Bsnk mty at snY time io its sole discrotio~ compromi~s, set[le w extend ths time of psyment oi any ot the demands w obligstio~s, npnsentsd by s~y
of the securities pled~d he~eunder snd all of the puties liable to~ the payment Mreof hereby make, constitute and appoint the Ba~k, his or their trus and lawful
attorn~y fo? this pur~wse with full power s~d authority to compromise; seple or ezt~nd pay~rnt of said demsnds w obtigations and to aoquire, satisfy o? dit-
chsrge tha sam~ of retord o~ otherwnse as the psrties liable tor the payment a rnllectio~ hereof mqht or could do ii persor?slly {xesent. The Bank shsll not be
unde~ any liability w obligation to take a~y steps whstsosver to fix any liabitity upon or to collect o? to enf~rce payment ot any obtigation pledged ss security
hereu~xle~ whetAN by giving sny notice, prsfentin~, dertwnding psyme~t, protesting, institutirg wit or otherwise.
The Ba~k shall not by any att ot omiuion or commission be deemed to waive any oi its rights o~ remedies hereunder unlets suth wsiver thsll be in vwiting
and si~f by the Bank and then only to the extent ipecifically set forth therein: a weiver on o~e event sf?all not be construed as conti~ui~ or as a bar to or
waiver ot wch ri9ht w remsdv a+ a wbsFquent evsnt.
The liability of eath Obligor shall be absolute and uneonditional a~d without regard ~to ths liability of ar?y other party herato. Any notite shall be wff~tient•
ty served upon sll Obligors by sa~ving suth notite upon a~y One Ob~igor. The nOtice shall be wificiently served if plsted in the mail, p~ostege prepaid, sddressed
to, w left upon the premises of any Obli9w at any address shovM o~ tAQ Bank's records.
NOTICE: SEE OTHER SIUE FOH IMPORTANT INFORMATION
EACH MAKER ACKNOWLEUGES RECEIPT OF AN EXECUTE~ COPY OF THIS NOTE ON THE ABOVE DATE.
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5837 Christie, S. E., Grand Rapids. Mi. (SEAL)
ADDRE55 49508 Me~l ine ~ VA~~
% u9,ICA~y /
(SEAL)
ADORE55 SIGNATURE OF MAKER
ENOORSEMENT
In addition to the liability as endorsus, whith the u~?dersignecl hereby aiwme, tor vatue reCeived a~d intendin9 to be legally bound, the untkrsgned (at?d if
mwe than one, each ot them jointly and severally) (a) he~ebY u~conditionally guarantee the payment of ths within Note and all exteruions a renewals thereof
and all sums payable under or by virtue thereof including, without limitation, all amounts oi principal and interlst and aN expenses (including attorneyi fees,
whetl?er incurred in triat or appellate proceedir~ incurred in the collection the~eoi, the ento?came~t of ~ights thereunder a with respect to any security there-
tor and the entwcement t?ereo(, and waive presentment, demand, notice ot dishonor, procest, notice ot protest and all other notices whatsoevar; and (b) consent
and agree thst they are bound as Obligors under tl~e terms of and are wbjeet to ali provisions set to?th on the fact o! said Note as tully as [hagh they were esch
a Maker thereoi, and to the ezercise by the holder of eech and every right therein set fonh or permitted by law, all without notice ro o~ consent of snd without
affectirg the liability o~ the undenigised, and turther consent and agree that any oi the undersigned may be wed by the holder hereof with or without joininQ
any of the otAa endase.s or Makers of said Note and vvithout ti~st or contert~oraneously wing a~y wch other persons, or otherwise seeking or proceeding to
coltect from them or any of them.
~ (SEAL)
ADORE55 SIGNATURE OF GUARANTOR
(SEAU
ADDRE55 SIGNATURE OF GUARANTOR
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