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HomeMy WebLinkAbout0200 ~ Upon tM occurrMCa of an ~wnt of d~f~u11, tM Bank may institut~ appropruu Ipal procNdinpt api~ntt th~ Obllpws io obuin ~udprn~nl on tM Noa ~ncfJ or ~xKO~» itt ~iyhts ~nd ~~m~dMS ~t a acur~d party und~r tM Flo~id~ Unifam Camm~rual Cod~ a otMr ~ppliubl~ Isw. If tM Bank hss da~wd ~tsNf ins~cur~ or upp~ tM oecur~~nc~ of an w~nt of dN~ult, tM 8snk iA~ll h~v~ tM riyht, irtwrndiatNy and without furtM~ sclio~ by it, to t~t otl piirut lha Noa sll monty ow~d by tM 9ank in any capacity to Nd? ~~d any Oblipor, ~nd ~ISO to s~t oll spainit all oihM li~bilitia of tacA M~kN to tM Bink NI narNy owed by tM Bank in any capxity to ~ach snd sny Mak~~. and th~ 8ank sMll b~ dKm~d to haw ~zKCis~d wch rpht of ~t olf snd to h+~v~ rt~ a charp~ apai~st any ~ucA nw~wy imm~d'atNy upon th~ oocurrMCt of wch d~twlt ~wn tAouyh wch chary~ is rt~sd~ a~ntK~d on tM books of tM Bank wbspwnt the~eto. Unl~at tM Colla6 ersl it pKi~INW~ a thnat~ns to declin~ iqedily in v~lu~ or is ol ~ typ~ customarily sold on ~ noopniz~d m~rktt, tM Bank wilt 9iw tM Mik~r rq~wablt nptiq of tM tirt~,and p1~a of any public ak tMrwf w tM tim~ att~r which sny privau ssb or any ot1~p int~~xNd ditpasition ths~sof is to b~ rnd~. TM rpuin- ment of na~onabb oocicv shs~l b~ m~t it wch nocia is m~il~d, postag~ P~epsid, to any MakN a tM s~~ss yiv~n below o~ ~1 sny o~M. addna shown on ~M recwds of th~ Bank, at I~ast 5 d~ys b~fon tM tim~ of d~~ ssl~ a disposi~ion. Upon disposition ot sny Collanrai aha tM oaurrMq ot sny d~fwlt, ~M Obliqon sMll b~ snd r~in jointly and s~v~r~lly IiabN tw any d~ticiency. TM 8snk shall aoeount to tM NI~kK tw ~nY wrplus but tM B~nk shsll hsw tf+~ r~ph~ ' to apply aH or ~nY part of wch wrptus (a hold Mt sam~ u ~ r~rvr apainst) aeN snd ~II otA~r liabil~ti~t ot ~scA s~d sny OW gor to t!w 8ank. TM Oblgors h~re~ by vw~v~ M~y riphb of r~demption sltN d~fwlt. All partiq liabls for the paymsnt ~nd cotlection hKwf: (1) apne to psy sll expens~s incurrtd w psid in tM prot~ction of Collstersl w tM tn(orp~ntnt hera of, wh~tAer th~ Bsnk is oblpated thtrttw ot not, intludinp ittort~y's tees eqwl to 10~of tM artwunt in c4fsult O~ such 1srg~r amount as may bs reasonablt for service~ snd ~zp~ns~s incurred in the ~r+fo?cement htrwf ~ither pria p wbspue~t to judymsnt snd wMther in judici~l proc~edinps o~ otl~wiss, and also thos~ cosu, 1xpt~s snd r~a~onsble attorrny't fNt incwred in appellate proceedi~ps: (2) waivt prtse~tment ior payma+t, derrynd, notip of ~on-p~yment. notiq of protat and protest of this Not~; 13) consset to s~d waiw notic~ of sny and ~II rtnewsls w txttnsions of time, wsivsrs, w modifications thri may b~ granted by tM Ba~ic with respsCt to ihe payment or othM provisions of this Not~ o? to th~ r~l~e of s~y Obligo~ w the Collste?sl or sny p~rt tl~areof, with or C without substitution; uld I~) Bg~N thit eddi[IO~fil 111akHf, endorsers, guuantor: or wrtti~s rn~y becoms parties,Mreto without notice to them or a(i~ctinQ thei~ li~llllY ~IffN/f1dl~. Ths B~nk msy st ~ny time i~ its sole discretion compromise, settk a eztend the time ol payment of sny of the demands a oblipatian, rp~esent~d by sny . ot the s~CUritNt pl~dged hereunder snd atl of the psrties liabh for the payment hareoi hereby rtuke, torotitute and spROint th~ Bank, his Or their true and lawful attansy for this pu?pose with full pov~rr s~d wtleority to compromis~, settle o? exte~d payment oi said dems~ds or obligstions and to aoquire, s~tisfy or dis- charg~ tM s~m~ of retord or othscwis~ ss the parties lisbl~ for ths psyment o~ totltCtron hKSOi mght or couW do if personally present. Ths Bsnk thdl not b! unde? sey liabiliry or obli9ation to take a~y steps whatsotv~r to (ix sny lisbility upon or to tollsct w to enfwte payment of any obligation pkdged as s~turity hereundN wMthlr by giviny s~y natiCe, WesMting, dtmsndinp payms~tt, protesting, instituting wit or otheMrise. The Bsnk shsll not by any sCt ot omiuion o? commission be deemad to waive any of its rights o~ romedies hereunder unleu such waiver shall be in writirg and si9~ad by the Bank snd then only to tAe extent specitically set iwth tharei~; a waiver o~ one eve~t stwll not bs construcd as continuirg w as s ba. to or waiver of such right w rsmedy on a wbsequent event. The liability oi esch Oblipor shsll be absolute and unconditiw~al and withaut regard to the liability of any ather party hereto. Any notice shatl be wftrcient- ly served upon all ODIi9ors by serving wch notice upon any oM Obli9or..The notice stwll be wifiCiMtly served if plsced in the ma~l, postage prepaid, addrestld to, w latt upo~ the premises of a~y Obligor at any address s1?ow~ on the Bank's records. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION EACH MAKER ACKNOWLEUGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE. ~~ts 1s+~e~lO~/¦ ~t• .~MlOti~ ~i~dl• ~10AS ISEAU <%~~GPlz@-t~-~~-~ ADDRESS ~j~~TURE OF MAKER (SEAL) AODRESS SIGNATURE OF MAKER ENDORS~MENT In addition to the liability as endorsers, which the undersig~ed hereby aswme. (or value reteived and intending to be legally bour~d, the undenigned (and if more than one, esch of them jointly and severalty) (a) hereby unconditionally guarantee the payment ot the within Note and all eztensions or ~enewals thereof and ait sums ~,ayable und~r or by vi.tue thereof intluding, without limiation, all artqunts of principal a~d interest and all expenses (including attornays fees, ~ whether intur~ed in trisl w appel{ate p~oteedingsl incurred in the collEttioo thereof, the enforq~nent of ~ights thereunder or with respsct to any seeurity thare- for atxl the enforc~rnent hareof, and waive presentment, de~nand, notice of dishonor, protest, notice oi protett and all Other notices whatsoever,: and (p) canent and agrae that they are bou~d as Obligors unde. tAe te.ms of and are wbject to all provisions set torth oo the fact of said Note as tully as though eMey were each . a Maka thereoi, and to the ezercise by the holder of eseh and every right therein set forth or pe.mitted by law, all without notice to or consent of and without ,f affecting ti~e liability of the undenigned, and furthe? co~uent and ag?ee that any ot the undersig~ed may be wed by the holder hereof with or without joininp ~ any of the other e~dwsers or Makers of said Note ar?d without first or contempwaneously wi~g a~y wd~ other persons, or otherwise seeking or proceadi~g to E collect from them a any of them. ° ' ~ ` ISEAL) ADORE55 SIGNATURE OF GUARANTOR (SEAI) ADDRE55 SIGNATURE OF GUARANTOR . ~ ' - ~ R 8~ ~PbGE ~ 4 tifl.~2 - . . 1 _ ~ ` ~ _ " , ' ~ 3~ K,~-„ ~.ti . ~y , - . 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