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Home My WebLink About0216 Upon tht occurre~c~ of an ~v~nt ot defwl~, th~ 8ank inay insutwe apQropriaN I~I p~ocNd~r?pi apainst th~ Obhqo~~ io ob~a~n judprtNn~ w? ~h~ No~e and/ w ex~rc~f~ itt rphts and nm~dKt ss a f~cursd party und~r ~M Flor~da U~ifo~m Commtrcal Cod~ o? otMr appl~csbN Isw. It tAe Bs~k hss dNn»d itself insecurt a upoo tM oCCUrrtnc~ ot ~n tv~~t ol defsult, th~ 8ank ~ha11 hsv~ ~M rpht, ~mnNdi~~Ny and w~thout furtMr ac~ion by ~c, ~o sp oft s~~nst tAis Nou sll monhr ow~d by tM 8~nk in any capxity to s~d? s~d sny Oblqor, ~nd slso to s~t olt apainst all othp liabilitiu o( ~ach Mak~? to tM Bsnk all moMy owtd by th~ 8~nk i~ sny c+~city to tacA snd any Mak~~, ~nd tM Bsnk shall W deemect to haw ~xKCiyad wch ryht of Mt off ~nd to hav~ m~d~ s chary~ sp~inst sny wch mon~y immedisulv upon tM oau~nna of wch d~tauti ~n thou9h wch charp~ is nw~ a eniK~d on th~ books of ~hs Bank wbspuent ther~to. Unless th~ Collat- •nl is p~rishsbl~ w thrWt~~s ~o dsclin~ sp~~dily in valw o~ is oi ~ typ~ custornsrity sold on ~?ecopnii~d muk~t, tM B~nk will qiv~ th~ N4ksr ~~atonsbq notip ol tM tim~ and plat~ of ~ny publie sal~ the~wf or the tirrw aft~r whith any p~ivsu W~ or any othN int~nd~d disposition th~rwf is io b~ mad~.~TM rpui~~- m~nt ot rWSOnabN nouq shs11 b~ rn~i if wcA notice is m~~1~d, pos~s~e prepaid, to sny IM~Ic~r st ihe add~ess yivM bNow w st any othN sddnss shown on tM records ot tM Bank, st Isast 5 dayt befw~ tM tirtn of Me sak or d?sposition. Upo~ di~positiw+ of ~~y Collsteral afta tM occurr~nc~ oi any detsult, th~ Obliqws st?stl b~ aod rem~in jointly and se~rerslly li~ble fw a~y def~ti~ncy. TM Bank ihall sCCOUnt to tM Mak~r fpr sny wrplus but tM B~nk ~hall haw tM rght ~o spply stl or any put of :ucA wrplus (w hold ~hs same ss s reserw a~a~nst) any and a11 othM Iiabili~iK of ~sch and any Obli~or to [M Bank, TM Oblgws her~- by wsivr anY ~phtt Ot r~dtmpuon e1tN d~(sult. - All putis~ liabl~ for the psyrr~t arxl collec[ion hereof: 11) ayree to psy a11 ~xpe~?ses incur?ed or paid in tM protaciia? of Colla~ersl w the ~nforoe~nt Aer~- of, whtthtr tM Bsnk it oblipated therelw or not, intludirg ittaney's fe~s pual to 10'X~of tM amou~t in dNault or wth largtr amount ss miy be nasoruWe tor strvic~s end ~xpMfes incurrad in cM enforpment hereot eithar prior w wbspuenc to judprnent and wMther in judicisl proteedinys o~ otherwits, and altO thosa costs, axp~nNS and reasonsble sttorn~y's tNS incurred in appellace proceed~ngs: 12) waivs prsse~tme+~t tor psyment, dam~nd, notits of non~payment, notice of protat and protest of this Note: (3) consent to and waiva no[ice ot any a~d sll renawals o? ~xtensions ol ume, waive.s, o~ moditications that msy be grsnted by tha Buic with respcct to the payment a other provisions of this Note or to tA~ ~el~sse ot sny Obliga or tM Collateral a any psrt th~reot, with a without wbstitutan; and (4) sg.ee that add~tion~l mskers, endorsers, guarantors w wretiss msy bacome parties Mreto without notice to tAem or st(ecti~g their lisbility hereunda~. The 68~k miy st any time in its sole distre~io~ compromise, settle or extend the time of psyment ot any of the demands or obtigations, repr~sented by sny of tM secwitia pledged Ae~eunder and all oi the pxties liabb lor the payment hereof 1?ereby make, constituta and sppoint the Bsnk, his w their irue snd lawtul anwr?ey for this purpose witA full powe. and authority to compromise, setUe o~ extend payment of said demands or obligations and to aoquin, sstisfy or dis- charg~ the same ot ncord or otherwise as the parties liable fw tM payment o~ collection hereof might or eould do it personally present. The Bsnk shall not be under any liebility or obliyation to take any steps whatsoever to fix any iiability upon or to coll~Ct w to sr~force paymant of sny obligation pledgsd as t~turiry hereunde~ whether by giving any notice. p~esenting. demanding paYme~t, procesting, instituti~g wit or otherwis~. The Bank shall not by any act ot omiuion or commission be dcemed to waive any ot its rights or remedies hereunder unless sucA waiver thall be in writing and signed by the Bank a~d thM only to the extent specifitally set forih therei~: a nraiver on one event shall not be construed as coMinuing or as a bar to or waiver oi wch right w remldy on a subsequent event. • The liability ol each Obligor shalt be absolute and unconditional and wrthout regard to the liability of any other party hereto. Any notice shall be wtficiant- ly served upo~ all Obligors by serving wCh notice upon any one Oblgo~. The notice shall bE wftitie~tly served if plsted in the rtwil, postage prepaid, sddressed to, or leit upon the premises of any Obligw at any address shown on the Bank's reco.ds. ' NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE. (SE ~ ~ ~ ADD E55 5~i'aNi~TURE OF MAKER SEAL) _ ~ P• . ~ j , ADORE55 SIGNATURE OF MAKER 6arbara A. Rat,~bun ENDORSEMENT In addition to the liability as endorsers, which~ the undersigned hereby aswme, for value received and. intending to be legally bound, the undersigned (and if more than one, ~ch of them joindy ar?d severally) (a) hereby uncondicionalty guarantee the payment of the withi~ Note and all exteruions a reneMrals thereof and all sums payable under or by virtue thereof i~cluding, without limitation, all anwu~ts af principal and interest and all expenses (including attorneys' fees, whethe~r inturred in trial w appellate proteedings) incurred in the collettion thereof, the Mforcement ot riyhts thereunder a with respeCt to sM/ seCYrity there- ~or and the enforcement hereof, a~d waive presentment, demar~d, notice of dishonor, protest, ~otice oi protat and all other notices whatsoever, and (b) consent and agree that they are bound as Obligors under the terms of and are wbject to all provisions set forM on the fact of said Note as fully as tfiough they were each a Maker the.eot, and to the exercise by the holder oi each and every right therein set forth w permitted by law, atl without notice to or rnnsent of and vrithout atftcting the tiability ot the undersigi?ed, and turther consent and a9ree that any of the undersigned may be wed by the holder hereof with w without joi~ing a~y of the other endorsers w Makers ot said Note and wi[hout tirst or contempo?aneously wi~g any wch other penons, or otherwise seeking w proceedirg to collect from tAem w any of them. ' ISEAL) ADDRE55 SIGNATURE OF GUARANTOR (SEAL) ADDRE55 SIGNATURE OF GUARANTOR a { ~ R PAGE 60~X~0~ Y ~ 4 ~ ~ . i ~ ~ ~ ' ~ : -~a. ~ - - - ~ - - ~ - - _ r ~ , . : . . _ . .