HomeMy WebLinkAbout0168 llpon tM occurnac~ of ~o w~n~ ot d~fwit, UN 8ank may imtitua ~pp~oprwn Ip~i procMdiaps p~~nst tM ObGyws io obain judpm~n~ o~ iM Note snd/
or ~x~rc~t~ id ~phu and nm~d~s u a acund party undp tM Florid~ U~ifam Com~rrrcial Caf~ a otMr appliubl~ law. 11 th~ Bank has d~r?~d itstlf ins~eun
or upon tM oawr~na of w~~t ol dtfwlt, tM B~nk sM11 Mv~ tM rpht, imrrwdiauly ~nd without furtMr ~ctio~ by it, to wt oil ap~intt this Not~ ail mo~r
ow~d by tM Bsnk in any c~picity to ac1+ ~nd aW Ob~ipo~. and alw to at ott ap~init sll oth~r Ii~bifitiK of ~xh IWkN to tM Bank all mon~y ow~d by tM 8~nk
m sny Capicity to eath ~nd anY Mak~r~ ~nd tM 8an1c ~hall b~ dMm~d to h~w ~xercipd wch rpAt o/ Mt atf and to Mv~ msd~ a cM~pt apairnt ~ny wch mon~y ;
~mrtrdi~tNY ~~~w~ino~ o~ woh d~fwh ~wn thouph wcA d+arys is m~ or ~ntK~d on tM books of tM Bank wb~qu~nt t1+K~to. Unleu th~ Co11~t• ~
ersl is pkishabN a th~wtt~s to daline tp~~dily in wlw or it oi s tYp~ tustomuily wld on s r~ooprds~d m~~lc~t. tM B~nk will qiva tM MakN rasonsbb notiq 6
ol ~M tim~ and plst~ ot sny public seq tMrpf o~ tM tim~ dt~r which u?y priv~H s~l~ or sny othK int~~xf~tf diiposition thKeof i: to b~ rn~f~. TM rpuin-
msnt of rWSOiubh notip she11 b~ rt+~t it wth notiq is m~i1~d, potta~ pnpaid, to sny M~kN s[ tM addrest qiv~n btlow a at any othK sddrtu show~ on tM
reco~d~ of tM 8aik, at Masc 6 dayf b~fon tM tim~ of M~ pl~ o~ dispo~ition. tJpon dispotition ol ~ny Collst~~al ~ftK tM occur~~ of any d~f~ult, ~M
Oblqors stqll b~ and r~main jointly ~nd stv~erslly Ii~bN to~ ~Y d~fici~ncy. TM Bank shsll attounl to cM Makei for sny wrptus but th~ Bsnk sA~ll hsw tM riyht
io spply all a any part of wch wrplus (or hold th~ s~nr as a re~rw apaiost) any ~nd all otMr li~biliti~s of ~sch and anY Oblipor to tM Bank, Th~ Obliqors her~-
by w~iv~ sny rghts of ndsmption sftK detwlt.
All p~rtip liabl~ for tM psyms~t ~+d coll~ction htrlot: (1) ~p?N to p~y all ~xp~nsls incuthd or psid_in tIN prot~ttio~ of Colbtersl 0~ th~ ~~tortN~k~t ht~-
ot, wA~thK tht BMk is oblip~t~d tMr~for or nOt, ineludinp sttornty's fses eqwl to 1~01 tM s~fwunt in tNfault or wCh brqer amount ~s may b~ rta~onebl~
for s~nic~ and ~xpN+s~s incurr~d in tM Mforesm~e~t Mrwf ~itMr priw or wbspwnt to judprtxnt snd whsthN in judici,l proc~edinqs or otMrwise, snd Nso
cnoss cosa, axpensK snd nsson~bl~ sttwn~y's iNS incurrod in appol~te p.ocNdirg~: (21 w~iv~ pre~tntrrnnt la paYrrrnt, d~mand, notic~ of non-paym~et,
natice ot potest and protest of this Not~; (3) con~snt to ~nd waiv~ notiq of ~ny snd sll r~rnw~ls w txt~nsio~s of time, wsivtrs, w modificationt thst may b~
g~anted by tM BsNc with resp~et to the psYment or other provisions ot tAis Note o~ to th~ rtkss~ ot any Obligor or tM Collatersl w sny psrt th~nof, with or
without substitution: and (I) spre~ thst addition~l make~s, ~ndorsers, ywnnton o~ wr~ti~s mty b~com~ parti~s Mreto without notip to them or attectinp tMir
liability hlteuntl~r.
7'h~ Bink may at soy time in its tole discretion compromis~, settN a exterxl tM time of psym~nt of any of the demands o. oblgetio~s, r~prese~?ad by a~Y
of the s~turiti~s pl~dy~d h~reunder and all of th~ psrtiss liable for the psyment hareoi Aereby msk~, constitute and~poinc the 8ank, hi: o. their true a~d levrful
attwney iw this purpos~ with full povrar ~nd suthwity to tompromise, settk or txtend psyrnMt of said d~msncls or obligatwns and to scquin, tatisiy or dis-
charge tM wnr of ncord or othawis~ ss ths parti~s IiabN tor tM pal ment or coltection he.wt might or could do ii personslly present. The Bank shall no[ bs
under any tisbitity o~ obliqa~ion to tsk~ any steps whatsorv~r to tiz any lisbility upon or to colkc~ or to enfo~ce psyment ot any oblyption pbdyed as stcurity
nereunds~ wMther by pivinp sm? notic~. prese~cinp, dem~ndinp payment, protatinq, institutinp wic a otherwise.
Th~ Bs+~k shsll not by any sCt ot omission or commistion be deertmd to weive any of its rightt or rort~sclies hereunder unless suth wsiver shall be in writing
and ;iqned by the Bank sr~d then only to the sxte~t spsci(ically set (orth tMrein; a waive~ o~ one ~vent shsll not be construed as continuiny w a a bsr to o?
wa~ver ot wd? right or temldv o~ s subsequent ev~nt.
The liability ot pcA Oblipor shall b~ absolute and unconditionsl and without rtgard to the liabitity of any other party hweto. A~y notioe shall be wffitiMt-
Iv servcd upon sll Obligws by serving sueh notice upon ant? one Obliga. The notice shall be witiciently se.ved it placed in the mail. postage Prepaid, addressed
co, w tett upon tM promisa of any Oblga at any addreu show~ on the Bsnk's records.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE. -
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3 43 t~~•- .
5351 S.Y_ 76th St~, Mia~1, Fl . 3 1 tSEAL)
ADDRESS IGIVAT ~RE OF M K
•
ISEAL) ~ `
ADDRESS SIGNATURE OF MAKER '
Barbara M. Se~ottr _ -
ENOORSEMENT
tn addition to the liability as endorsers, which tl~e undersigned hereby assume, for value received and intending to be kgally bound, the undenig~ed (and it
more than one; esch of them jointly and severally) la) henby unconditionally guarantee the payment of the within Note and aIl extensions or renewals thereot
and all wms payable w~der w by virtue thereof intluding, without limitation, all a~rwunK of principal and intsrest and all ezpenses (includit~g attorneys' fees,
whether incurred i~ trisl p a~ellate proceedings) inCUrrad in the colkctio~ thereof, the e~tor~nt of rghts thereunde? or with mspeCt to any security therr
for and tl~e ento.cemn?t he~eot, and vwive presentmant, dem~nd, notice ot disho~or, protest, notioe oi protest and all other notices whatsoever; and (b1 consent
and egree that they a~e bourxi as Obligon under the terms of and are wbjeet to all provisions set fwth on the fset ot said Nota ss fully as though they wero esch
a Makar theroot, and to the exereise by the holder of pd~ m+d every right thercin set forth or permitted by law, all without notiee to or consent of and without
affecti~g the lisbility of the undersigned, ar~ tunher co~sent and agree that a~y of the undersig~ed may be tued by the holder hereof with or without joining
any of the other endwsers o~ Makers of said Note and without tirst or conternpwaneously wing any wch other persons, a otherwise seekirg or proceeding to
collett frOm them or any of them. -
i
I ISEAL)
AODRE55 SIGNATURE OF GUARANTOR
(SEAU
ADORE55 SIGNATURE OF GUARANTOR
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