HomeMy WebLinkAbout0208 Upon tl+~ occurrence ol a~ ~wnt ot dNau11, tM Bank msy institutt approprut~ Ip~l p~ocNdi~pt ap~inst th~ ObH9ors to obtsin judqrt~t~t on tM Nota and/
or ~x~rc~» it~ rphtf s~?d r~rMdNS ss s s~tund party undK tM Florids U~ilorm Comrn~~c~~l Cotf~ or othN ~pplit~bl~ Isw. It tM Ba~k hii dNmsd ~tsdf ~nsecur~
or upon tM ooCUtrtnq of an wsnt of Wf~ult, dw Bank thNl hav~ tM r~pht, imrMdiatNy ~~d without furtMr stt~on by it, to qt otf piintt this Note sll maNy
ow~d by tM 8ank iR any c~pacity to Mch snd ~ny Oblipor, and Nw to at otf sp~irut all oMM liabiliti~ of ~ach Nbka to tl+~ Bank alt moMy ow~d by th~ Bank
~n iny Cip~C~fy t0 ~Kh ~11d illy MikN, ~nd tM Bank thNl b~ d~em~d to haw ~x~rtit~d wch ripht o1 Mt off ~nd to Mv~ mad~ s chary~ sp~inst sny wd~ mon~y
~mmsdiatNy upon tM occu~ranp o( wch d~twlt wtn thouph wch charp~ is m~ a sntK~d on tM books ol the Ba~k wbspwnt the~sto. UMess cM Collst•
eral it ptri~AsW~ w thrqttns to d~tlirN s{k~dily in wlw or i~ ol ~ typ~ tustom~rily lold on ~ ~~copniz~d ms~k~t, tM Bank will piw tM MakN rNfonabN notice
ot th~ tim~ u+d pl~ of ~y puWic aN tM~wt o~ IM tims sft~r which any privat~ ssN or atW otlN~ inand~d di~osition tt?er~ol is to b~ rrud~. TM rpuir~-
ment ot rwsoosbl~ notic~ shsll b~ m~t it iud~ notia is m~il~d. posaps Pr~paid. to any Mslc~r at tM addr~fs given balow or st any othK sddnss shown o++ tM
racords ot tM Bank, ~t teast 5 days b~ton tht tim~ o! Me ssl~ a dispositwn. t)pon dispositio~ ot ~ny Collar~ral afta tht occurr~np of any d~feult, the
Oblipas sl?NI be and r~main jointly ind s~wr~lly liabk tor any d~ficiency. Th~ Bank shall attount to tM MskK tw any surplus but the Bank thsll hsve tM ngAt
to apply all or ~nY psrt of wcA wrplus la hold M~ am~ a a r~rvt sg~inst) any a~d sll othK liabiliti~s of esch a~d sny Obliga to the 8ank, TM Oblipora h~ra-
by waiv~ any ripbb ot ndtmption attN defwlt.
All psrti~s,liibl~ }M th! piymfnt arld COII~CtiOn hfrWl: I l) iQ~!! t0 pay sl) lxpMflt inCYrr~d Or p~id if1 tM prOtlCtiOn Of COll~tf~al Or th! ~niOrt!(nl~t hfrh
of, whetMr tM Bank is obli~sted tMrNor or not, includinq attorney's fees eqwl to 10~Xiof tM amount in Wfault w wch largtr amount st msy b~ reasonable
for sKVic~s snd ~xp~~t incurr•d in tM enforpm~nt henof titMr pr'wr or wbfsquMt to jud9rtwnt u~d wMtAer in judicisl proc~edings w otherwite, and slso
thos~ costt, ~xptnt~s ~~d reasonsbl~ ~tto?n~y's fsss incwred in apptllste proceedinys; (2) wsive pr~tmsnt fw paYmsnt. dems~d, ~otice ot no~-payme~t,
notice oi protat and,protest oi this Notr (3) consent to and vwrv~ notice of sny snd all r~~ewals w ~xtensiont of tirrN, waiwrs, or modifications that may be
granted by the Ba~c with respect to the payment or other~ provisions of this Note or to the release oi any Obli9a or tM Collstsral w any ps?t t~ereof, with or
without wbstitution: ~nd (4) agree that additional m~kers, er+dorsers, 9usra~tors or wnti~s rtyy baome parties liereto without notice to them or stfectin9 their
Iiability AMlund~r. ' .
Th~ Bank may st any timo in its sole discretion compromise. settle w extend tM tirtw of payment of any of the demands w obliyations, r~presented by any
of ths tsturitiet pled~sd htreunder and all of the pa?tiss lisble tor the paymant hereOf hereby make, corutitute and appoint the Bank, his or theu true and Iawtul
attor~sy for this pwpose with full pows~ and authority to eompromise, settk or extend psymsnt of said demsnds or obliystions snd to soquin~ satisfy or dis- .
chary~ tM ssme oi retord or otha~wise ss tha parties IiaW~ for the payment o~ tollection hereof might or tould do if personally prese~t. The Bank shsll not be
unds~ any liability or obligation to take any ste{x whatsosver to tix any liability upon or to collect w to entorce payment of any obligation pl~dged as seturity
heraundN wAether by giving a~y notite, prese~ti~g, demindi~g psytnent, protesting, iiutituting wit or otherwise.
The Bsnk shall not by any att of omiuion or Comrnission be deemed to waive any of its rights or remed~es hereurwler unless such waiver shali be in writi~q -
and sigoed by the Bsnk and then only to ths ezte~t specifically set twth therein: a waiver on one eve~t shall not be construed as eontinuing or as a bar to or
waiva of wth riyht or remedy on a wbseque~t event.
The liability oi esch Obliyw shall be absolute and unconditional and wiihout regard to the I~ability of any other party hereto. Any notice sl~all be sufficie~t-
ly sKVed upon all Obligors by serving wch notics upon any one Obligor_ The notice shall be wtiiciMtly served if placed in the mail, postage prepaid, addressed
co, or left upon the prerttises of any Obligo. ac any address shown on the Bank's records.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE QATE.
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t~x ~Lw sr., ~soo. uzc~. ato~ ~SEA~~ ~a~. w
ADORESS SIGN URE OF MAKER
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(SEAI)
AD~RESS SIGNATURE OF MAKER
ENDORSEMENT
In addition to the liability ss endorsers, which the undersigned hereby aswme, tor value reoeived and intending to be legally bound, the undersigned (and if
more than one, each ot thenl jointly and severatly) (a) hereby unconditionally guara~tee the RaYm~t of the nrithin No[e and all externions or renevvals thereof
' and all wms psyabk under or by virtue thereof i~cluding, without limitation, all anpunn o( printipal and interest snd all expe~ses (including attoroeys' fees,
i whether incuned in triel p sppellateRoC!'ed~ngs) ~nturrpd i~ th! colleCtion thpeof, the en(o?cert~ent ot ri~[s thereunder or with rospect to any sxurity therr
for and the enforoement hereoi, and waive presentment, demsnd, notic~ of dishona, p.otest, notice of protest and all othe. notices whatsdever; anil (b) coruent
and sgree tFwt thay sre bound as Obligo?s under the terms ot and are wbjcct to afl provisions sst forth o~ [he fact of said Note as fully ss though they were esch
a Maker thereof, snd to the exercise by the holder oi each snd every right therein set forth or permitted by tew, all without notice to w consent of a~d without
a(fecting the liability of the undersigr?ed, and turthp consent a~d agree that any of the undersigned may be wed by the holde~ hereof with or without joining
any of the other endorsers or Makers of said Note and without first or Contemporaneously suing any wCh other persorK, or otherwise seeking or proCeeding to
` collect from them o~ any of them.
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(SEAU
ADDRE55 SIGNATURE OF GUARANTOR ~
(SEAL)
AODRESS SIGNATURE OF GUARANTOR
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