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Home My WebLink About0224 Upon 1h~ occurre~ce of an ~v~nt of dNsult, tM 8a~k may institutt spp~oprua Ip~l procMdinp~ apa~rtft the Obl~qors to obts~n jud~rwnt on Ihs Nota~snd/ or ~x~rcis~ its ripAU and r~m~di~ as a Ncur~d party und~+ tM Flaid~ Unilam Comm~rual Cod~ a otMr applicabl~ law. It tM Ba~k hss d~srtied ~tsell ins~cur~ or upon tM occurr~~ oi ~n tv~~t of d~fault, tM 8ank M~II hav~ th~ rpht, imm~dwtNy ~~d without furthK ~ction by it, to at of( ap~inst this Not~ sll mon~y ovwd by tM Bank in sny c~pacity to ~ch and a~y Oblpa, ~nd also to 1~t of( ~pai~ft ~II othK li~bflitip of ~aCh MskK to th~ 8ank all moMy ow~d by th~ 8ank in any c~p~city to ~ach s~d sny MakK, and tM 8ank shall b~ d~sm~d to haw exKCi»d wch ~qht o( ~t off a~d to h~v~ rtud~ ~ cMr9e ay~inst ~ny wch mon~y ~mm~diatNy upo~ tM occurr~np,ot wch d~fault ~wn thou¢~ wd~ chu~ is.rt~ad~ a~~tN~d on tM books of th~ 8ank wb~Wutnt th~reto. Unt~ss th~ Collat- • eral is p~~ishabl~ D~ thrat~ns to d~clin~ sp~dily in valw a is ot ~ typ~ cuftomuily fold on a nooyniz~d m~rk~t, tM 8~nk will giv~ tM MakK rwwoabl~ ootic~ ot tht tim~ and plaa of ~ny publk ssN tf?K~of or tM timr att~r which soy privaq saN or ~ny ot1+K int~nd«! dispotition tAKwl is to bt msd~. Th~ ~puir~- ment ol nponibN notiq fhsll b~ rrnt if Weh ~otid is mtil~d. ppsu~ Prpaid. to any Maktr at tM addr~ts pivt~ below a at any othK address shown on tM recwds ot tM Bank, at le~t 6 diYS beton tl+~ tirt+~ ot th~ sa1~ w disposition. I)pon disposition ot any Co1la~trsl aliK tM occurr~nq oi any d~fault, cM Obli~s sA~ll tl~ ~nd ~emain jointly and swe~dly liabls fw any detici~ncy. TM Bank ~A~II ~cCOUnt to tM Maksr fw sny wrplut but ths Bank shall haw th~ nyht ~o apply aN w ~ny p~rt of wch w~ptus (a hold tM sam~ a a rtserv~ apa+nst) any and sll otMr liabiliti~s ol each and any Obli9or to the Bank, TM Obliyors here- i by vwiv~ any riphts ot r~mptio~ attK d~tsult. • AU_ pirties liablt fw the paym~nt a~d collection hereot: (1) syrae to pey stl exp~r?s~t incurrtd or psid in tM p~otoction ot Collatersl w the enforc~tr+~nt hen- 01, whethK tht B~nk is obli9ated tMrstor or not, includinp sttaney's tees eyw~ to 10%ot ths ~mount in delaulc or wch ~ary~r amounc as may be ressor+aWe tor wrvic~s s~d ~xp~nsa incurred in th~ enforcem~nt I~noi ~itAer prior or wbaqu~nt to jYdyrt~tnt snd whether in judicial proi.~e~dinps or otMrwise, s~d slso cnos~ cosu, expenset a~d nasonabl• attwney't 4es incwred in appellate prote~dinps: (2) wsrvs pr~ntment ta psY~nt, dsmand. nocice of no~•psYment, notice of protat and protat of this Note: (3) conseru to snd waiw ~otice ot any snd all renewsls w ~xtensions of time, wsivers, or modif~cations that may be grant~d by tM Bai~ with respect to the payment or othe~ provisiorts oi this Note or to the nleas~ ot sny Obljgor a the Collete~al or any part thereof, with w w~~hout subttitution; and (4) sp~ee that edditio~sl makert, erxbrse~s, guarantors or wrttia msy bscome psrties Mreto w~tAout ~otice to them or attectiny tMir I~abitity hKwndN. Th~ Bank maY st any time in its sole dlscretion compromis~, settle or extend the time of payment of a~y of the dsmands w obligations, represent~d by any of the sscnriti~s pl~dgsd hereunder snd sll of the psrtiss IiaDle for the payment hereof henby mslc~, constitute and appoint the Bank, his or their true a~d lawiul acta~ey tor this purposs with full power and authority to compromiss, settk or exte~d psymsnt ot faid demsnds w obligatia?s and to acquire, s~tisfy w dis- charge ths sarrN of record o? otherwise ss the.Wrtits Ii~Ws ta the payment or collection he~eot mght or could do it personally present. TM Bank shsll ~ot be under any liability a obligat~on to take any stap~ whattoever to tix any liability upon or to rnlkct w to e~twce psyment of any obliyation pledped as security hereur~der wtNthe~ bY giving sny ~otic~, presentinp, demsnding psyrr~t, protesting, instituti~g w~t or othe~wise. The Ba~k shall nOt by any att ot omiuio~ w commission bt deemed to wsive any of its rights w remsdies hereunder unless such waivar sAall be in writing and signed by the B~nk and then only to the extent specitically set tath iherein: a wsive~ on one event shall not ba construed es continuirg o? ss a bar to or ,vaiver ot wch right or remady on a wbsequent went. The liability of esth Obligor shsll be absolute and untonditional snd without regard to the liability of any other party hereto. Any notice shall bp w(ticient- iy served upon all Obligws by se~ving wch notice upon aoy one Obligor. The notice shall be wtficientN se~Kd ff plxed ~n the mail, posta9e prapaid, sddressed ~o, o. Ieit upon the premises of any Obligor at any sddress show~? on the Bank's records. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION EACN MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTEU COPY OF THIS NOTE O HE ABOVE ATE. ~ V ` 6326 N_ ILmY Ar~, fhica~, Ill. 606~#b ~s AODRESS S G TURE F MAKER ~ odts ISEAL) ~ ADDRE55 SIGNATURE OF MAKER . Margat~et A. Schorsch ~ • ENDORSEMENT In addition to the liabitity as endwsers, which the u~dersigned 1ie~eby aswme, fw value recerved and intending to be legally bound, t11e undersig~ed (and if more tha~ one, each of them joi~tly and severally) (a) Mreby unco~ditionally guarantee the payment of the within Note and all exteraio~s w re~ewalt the?eot and all wms payabie under or by virtue thereof intludirg, without limitation, atl amaints of p~incipal and interest and atl expe~ses (including attorneys fees, wt~ether incurred in aial or appellate proceeding~ incurred in the collection chereoi, che enfwcertront of rights thereunder p with respect to any seurrity there- tor and the enfwcement hereof, snd waive presentment, demand, notice oi dishonor, protest, notice oi protest and alt other notices whatsoever; and (b) conseot and agree tAat they are bound as Obtigors under the terms of and are subject to atl provisions set fwth on the fae*. of said Note as fully ss though they were eac1+ a Maker the~eoi, and to the ezacise by tAe holde~ of each and every right therein set forth or permitted by law, all without notice to or consc~t of and without I afiecting the t~ability ot the undersiyned, and further consent and agree that any of the undersignEd may be wed by the holder hereof with or without joining i any o( the other endorsers or Makers of said Note and without fi?st or contemporaneously wing any w~ other persons, or otherwise seeking or protecding to collett from them or any of them. ' ~ ~ lSEAL) ~ ADDRE55 SIGNATURE OF GUARANTOR I (SEAL) ` ADDRESS SIGNATURE OF GUARANTOR E a 4 ~ i . ~ ~ ~ ~ t i` ! ~ ~ o R ~33 PaGE 22~ ~ goaK2 . ~ ~ ~ ~ , ~ ~ , - . i fi ~g--- k~S- .1" , ' ~ . . - ~ _ _ . ~ ~ ` ' ' _ ` ~ . ~.s M . ~v.:: > ~ ~ .