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HomeMy WebLinkAbout0152 l)pw~ tM octur~~~ ot an ~vsm ol d~fault, th~ Bank may ~nttitut~ appropriau Ipal procNdinpt ~gaintt the Oblipws to obtain judqrne~t o~ ths Note snd/ o~ ex~rcit~ itt riyhtt snd nm~diq u ~ ~ecur~d psrty undK tM Flor~d~ Uniform Comrtrrei~l Cod~ w otMr applicsbl~ Iaw. 11 tM Bank hss dNmed itself ~ns~cur• o~ upon tM occurrtnc~ oi sn went ot d~fault, tM Ba~k sh~ll haw th~ rpht, imrt~edutNy and without further ~ction by it, to s~~ olt spainst this Note all money owed by tM B~nk in sny cs~scity to wch ~~d ~ny Oblga, and slw to s~t ot1 spa~nit ali oM~. li~bilitip ot ssch Mska to th~ 8ank sll mon~y owtd by tl» 8~nk ~n any c~pacity to Nch and any MakK, and tM B~nk th~ll W dssm~d to hsw txercit~d wch ripht of at ofi and to Mw mads s tharq~ syairut any wth mon~y ~mmediatNy upo~ tM oaurnnc~ of wch d~fault w~n thouqh wch cha~ ~s rt~acf~ a antK~d on cM books of tM 8ank subspwnt th~reto. Unless ~h~ Collat- e~ai is p~rish~bl~ w th~pt~ns to deelirn sp~~dily in valw w is ot a typ~ tudtomKity sold on a r~copnit~d rnuk~t, tM $snk will qiw tM Mak~r r~asonabM notioe ol ~he tirtr and plaa of ~r?y public taN thK~of o~ tM tim~ aftH which any privat~ s~i~ w any otMi intH+d~d dispositio~ ~AKeof is to b~ maJ~. TM rsqui~~ mrnc o( rwson~bl~ notia ~sll b~ m~t it sucl? notia K mail~d. posta~e Prepaid, to a~y Matur it tM add.eu qiven bslow w st any oth~? sdd~sts shown oo tht recwds of tM Bsnk, st least S d~Ys b~ton tM tim~ of th~ qq or disposition. Upon ditpositio~ of any Collau~al atta iM occurnnp of any d~fsult, the Obtiqors sAall b~ u~d r~msin jointly and s~w~slly IisbN fw ~ny d~fieitncy. TM 8ank shsll aocount to tM Mska for any wrplu: but the Bsnk shsll haw tM ri9ht ~o apply all a any part of such wrplus (a hold tl?~ same a a rts~rve apsins0 ar?y s~d a11 othN liabiliti~s ot esch and any Obliga to tM Bank. TM Obligws he~~- by waiv~ any riphts oi red~mption aftN d~f~uN. All p~rtia li~W~.fw tM paYrt+ent and collettion hereot: (1) syrree to psy all expsnses incurred or psid in the protattion ot Collsttr~l o. the enforcemsnt hert- of, wh~tAa tM Baok it obligated tMrefor o~ ~ot, intludinp ~ttorney's fees eqwl to 10~Kof iM amount i~ d~lault w such larper smount a: may bs reasonsWe tor servic~s and ~xpens~s incurr~d in th~ enlorcema~t hereot sither prior or wbspue~?t to judyment and whether in judicial proceed~nqs w othe~wiss, snd also ~nou costs, exp~ns~s and rwsonsWe a[torney's t~ incurrsd in appalis~e P~oc~dings: wsive presentrtKni fo. payment, demarxf, notice of non-paymeM, noi~ce of protat ~nd protac of this Note; (3) C011iMt l0 if~d Vltiivf ~10tICe O~ ifly i(Id ill ~fMVWIf O~ ~XtMftOflf Of tlrtN, waivers, or modifications [ha~ may be 9~ anted by th~ Bsnlc with r/spect to tAe payment w othe. provisioe+s ot this Nots or to tho releas~ ot sny Obligw w tM Collatessl or any pa?t thereof, with a .v~thout wbstitutio~; and~14) sgr~e that additional make~s, endorse~s, 9usrsntors or suretNS msy b~tome parties hereto without notice to them or alftctiny tMir liability ttlrlufKllr. The Bank may at snY tima in ia sole discretion comp~omise, satde or exte~d tlw time of psyment ol any of the demands or oblipations, represented by any of ~he securitas pladgsd hereunder and all of the parties liable lor the payment hereo( hereby maka, constitute a~d sppoint the 8ank, his o? their true and lawlul actorr?~y for Mit purpos~ with full powsv and suthwity to compromiss, settk or extend paym~nt ot ssid demsnds a obligations and to aoquin, s~tisfy a dis- cnarge tM same of ncord w otherwise as the parti~s IiaWe ta the payment or collection hereof might or could do ii personally present. The Bank shall not be under any liability a obligetion to take any steps whatsoever to fix any lisbility upon or to collect o? to e~fwce payment of any obligation pkdged as security hereund~~ whether by givinp anV notict. presentinp. demanding Rayme~?t, protsstin9, irutituting wit w otherwise. The Bank shafl nOt by any act of Omission or tommission be deemed to waive any of its rights o? remedies hereu~de~ uNess such waiver shall be in writing and sig~ed by the Bs~k and then only to the extent specifically set forth therein; a waiver o0 one event sha~l ~ot be coosvued as continuing a as a bai to a waiver of sucA right or remedy o~ a wbseque~t event. The liability of sach Oblipw shsll be absolute and unconditional and without'regard to the liability of at?y othe. party hereto. Any ~otice shall be wificient- iy served upon all Obligors by serving wth notice upon any w~e Obligor. The notKe shall be wfficiently served if plated in the mail, postage prepa~d, addresfcd ~o, or tett upon the p~emises of any Obligo. at any address shovM o~ the Bank's recwds. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION • EACH MAKER ACKNOWLEUGES RECEIPT OF AN EXECUTED COPY OF THIS NO7E ON THE ABOVE DATE. / ' ZL6 W.E. F~r'St St.? Sdt~~~~tZ BeaG~1~ ~1_ ISEAL~ ADORE55 yM~~ SIGNATURE OF MAKER JG7 ~ G. ectl J (SEALI ~ e ADORESS $IGNATURE OF MAKER t~a~l otte Ceci 1 ENDORSEMENT ~ In addition to the Iiability as endo.sers, whith the undersigned hereby eswme, tw value reuived and intending to be legatly bound, the undersigned (ar?d if more than one, eaeh of them jointly and seve?a11y) (a) hereby unconditionally gua?antee the payment of the within Note and all exte~ior?s or renewals tllereof ar.d alt wms paysble utxier or by virtue thareot including; without limitation, all amounK ot pi~tipsl and interat and a1I expenses (includi~g attwneys lees, ,tihether inturred in trial w appellate proteedings) incurred in the collection thereof, ihe e~forternent of rights thereunder or with respect to any s~urity there- ~ f or a~d the eniorcement ht~eof, and waive presentment, demand, notice of dishonor, protest, notice oi protest and all other notices whatsoever; and (b) conseat ; and agree thst they are bound as Obligors u~der the terms of and are wbject to all provisions set torth on the fact ot said Note as futly as though they were esch ~ a Maker the?eoi, and to the exercise by the holder of eaeh and every right therein set for[h o? permitted by law, aIl without notice to w consent of and without I I 3ffecti~g tAe liability ot the undersigncd, and further cotxent and a9ree that any of the undersig~ed may be wed by the holder hereof with or without joining ~ ~nv of the other endorsers or Makers of said Note and without tirst or contemporantqusly win9 any wd~ other perso~n, w otherwise seeking a proceeding to coiiect from tAem a any of them. I f " ~ ! (SEAU ~ ADORESS _ SIGNATURE OF GUARANTOR a E f (SEAL) ~ ADDRESS SIGNATURE OF GUARANTOR ~ ~ ~ ~ ~ . ~ 4 a ~ ~ ~ e z ~ E ~ O ~y / \ ~V~ _ ~ . ~ gd~~~ _ ~ ,~i " . ~ 4 _ ~,y . ~ - ~ ~ ~e - - - - - - - - - - ~ ~ ~ _ , _ . " _ _ _ _