HomeMy WebLinkAbout0176 Upon iM occurrw~c~ of sn ~wm of dNwlt, Q?~ Ba~k msy institua approprut~ IapN procNdirpt p~~nst th~ O~liyors to obtsin juclqrtKnt on )M Noi~ ~nd/
o~ ~x~rti» its rpht~ s~d rtm~dia ai a NCUr~d party undN tfN Florid~ U~iform Comme~cial Cod~ w otMr ~ppl~Cabl~ lsw. 11 tM Bank has dNrt~d ~tNlt insetur~
or upon tM oau~r~nq ot an twnt ot dNault, tM Ba~k ~MII hav~ th~ rpht, irt?rrndiaaly ~nd witAout turtM~ sCtion by it, to t~t ott peirut this Note sll moMy
ow~d by tM 8ank in ~r~y c~city to ~ch a~d any Oblipor, ~nd ~!w to »t o11 apeinst Nt oth~r li~biliti~t of ~ach MakK to th~ Bs~+k sll moMy ow~d by th~ 8~nk
in any up~city to ~ach and ~ny MakK. and tM 8ank sl?all b~ dNm~d to haw ~x~rci~d wch rqht o/ rt of/ and to Asv~ rt~ ~ cMrp~ sp~ient a~y wd+ mon~y
imm~diaqly upon tM oocurn~p o( wch d~fsult w~n thouph wch chsry~ ii rt~sd~ or ~nttnd on tM books of tM Bsnk wbssqwnt th~rtto. Unless th~ Collst-
~ral a pKishabN a thnac~a ~o dalir~ s~~dilv in v~lw a i~ oi a[yq custo~wity sold on ~ ncopnii~d mark~t, tM Bs~k will 9iv~ tM MakK nawn~bN notic~
of tM tim~ and pl~a ol ~nY pubtic pb thKSOf w tM tlm~ sttN whicA any privat~ s~l~ a ~ny otM~ int~nd~d dispositio~ tAawf is to b~ msd~. TM rpuir~-
msnt ot twon~W~ tatiq shall b~ rtNt it wd~ notid it mail~d, postsp~ pnpaid, to ~ny Msk~r st tM sddnss pivM b~low w at sM? othK sddre~s shown on tM
r~cads ol tM B~nk, at lesst S dsys b~fon tM tirt» oi M~ ssl~ a disposition. Upon di~ition of sny Cottateral aftK tM occu.r~e of ~ny dstsule, th~
Oblipors sMll b~ ~nd r~i~ jointly ~nd sws~~ly IiabN for any d~ficiency. TM Bank shsll ~xount to ihe MakK fo? s~y wrplus but the 8ank shall haw th~ rpht
to ~pply ~11 a ~ny psrt o( wch wrplus (a hold the sarn~ a s rsservr spai~st) any and all ot1+K liabiliti~ ot ~ach and any Obtga to tM B~nk. TM Oblgo~s here-
by w~iw anY rgha of r~mption attK d~twlt.
All partip liapl~ for tM psym~nt a~d coll~ctipn Mraof: (1) aQ?N to psy all txp~nsa incu~nd or p~id in tM p~ot~etio~ ot Cott~ter~l w tht ~niorce(nant he~r
of, whethN ~M Bank is obli~aud tMr~fa or not, including attorney's fe~s pual to 10%of tM ~mount in d~taulc a wch larye. smount as mry b~ reaw~abt~
tw s~rvica and ~xpMSSt ineurnd in tM ~nfwc~m~nt htnof ~ith~r pia w wbspwnt to j~idym~nt and wheth~r in judicul proceedinps or otMrw~a, and ~Iso
tAOS~ Cosn. ~xpeotM and ressonaW~ attornty's f»s incurnd in a~tllate procte6irqs: (2) waiw pr~s~ntment ta psY~nt, tfemsnd, notiCe of nw~-psyme~t,
notip of protetc snd protat of this Noa; (31 cons~nt to u~d waiv~ notic~ of any and all renew~ls w~xt~nsions of tim~, wsiw~s, or modifications that may be
grantsd by tM Bs~c with r~spect to the psy+n~nt w other provisions of tAis Nott or to tM roltsss of a~y Obligor w tM Collater~l a sny p~rt th~reof, with a
without substitution; snd (4) sg«e that additional make?s, tndorse?s; gusnnto~s or wrttia mty becoms partios Fureto without ~otice to them a ~ffecting their ~
tiability htrwnd~r.
The B~nk may at MY time i~ its sole discretion compromis~, settk or extend tM tirt» of psyment ot sny ot the demands a obligstions, r~esMtsd by sny
of tM s~CU~itNS pl~dy~d hereunder end stl of tM psrties liable for the payment hereof hereby mak~, co~utitute and appoint tAe Bank, his o~ thei~ true ~nd tsvvful
attan~y 10? this purpos~. with full power snd suthwity to cornpromise, settk or exte~d p~ym~nt of said demands o~ obli~tions and to acquiro. ~atisfy or dis-
charge tM sams ai ncord or otherwia a the parties lisble for tM payment or collection hereof mqht or could do if paso~ally present. The Bank shall ~o~ bs
undN any liability or oblipation to take inY steps whstswver to tix sny liability upon or to collect or to enforte payrt~?t of a~y obtigacion pNclpsd as tlcurity
htreu~idu whetha~ by qivinp snY notits, pttsMting, dertynding p~yr~ent, protesting, ir?stituting wit ot otherwise.
The Bank shall not by any act of omissiOn or commission b~ deertrod to waiva any oi its rigAtt o~ remedies hereunder unleu suth waiver shall be in writing
and si~d by the Bank and then only to the extent sp~cificslly tet fwth therein: a waiver on o~e avent shall not be construed as continuing or as a bar to or
waivrr of wch ~yAt or remsdy on s wbsaquent ~vtnt. ~ • ~
The liability of s~eh Ob1qa shall be absolute a~d untonditiorwl and without rtgard to che liability of any other party hereto. Any notice shall be wfficient-
IY serMd upon all Obligws by serving wch notiCe upor~ any ont Obligor. The notice shall be wfficisntly mved if placed in the mail, postsge Prepaid, addressed
to, o. leh upon the p~emisss ol any Oblga at any sddress sAown on the Bank's records. ,
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKEfi ACKN0INLE~CiES RECEIPT OF AN EXECUTEO COPY OF THIS NOTE ON THE ABOVE OATE.
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~ s0~~ ~Cti B V~_ 1~*'bA1~ B!!!!h~ ~ ISEAI)
. ADD ESS SIGNATURE OF MAKER
Dari d B~+c~n
(SEAI) %
AODRE55 '31GNATURE OF MAKER
- Mar9ie H. Br~ora =
y
ENDORSEMENT
In addition to the Iiability as endorsers, whieh the u~dersigned hereby aswme, tw value reoeived and intendirg to be legaily bound, the undersig~d (and if
more than one, each of them jointly and severally) (a) hereby unconditionally guarantee the payme~t oi me within Note and a11 externions or renewals thereof ;
a~d all wms paysbb unckr or by virtue thereof including, without limitation, a11 amainu of principal and interest and atl expenses (including attorr?eys fees, ?
whether inwrred in trial w appellate proceadings) incurred in the collectio~ thereof, Me enforoert~ent of rights thereuntfer or with respatt to amr security thKr
for and the enforcertient hereof, and waive p~ese~tment, demand, notite of dishonw, protat, notios of protest and all other notices whstsoever; and (b1 consent
and aepee thst they are bourxf as Obligors under the terms of and sre wbjec[ to all provisio~s set forM on the fsct oi said Note as fully as thou9h they vrare esch
a Maker thereof, and to the ezercise by the holder of qd~ s~d every right therein set torth or permitted by Isw, all without notice to or consent of s~d without
i af(ecting the liability of the undersigned, and turthe~ consent and agree that any of the undersigned may be wed by the holder hereof with or witAout joining
~ any of the other endorsers or Makers of said Note and without tirst w co~ternporaneously wing any wch othe? persons, or otherwise seeking or proceeding to
collcct from them or any of them.
ISEAL)
ADDRE55 SIGNATURE OF GUARANTOR i
(SEAII
ADDRESS SIGNATURE OF GUARANTOR
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