HomeMy WebLinkAbout0240 llpon the occurrN?c~ ol sn wrnt ol dNault, tM 8ank rtwy institute appropr~at~ Ip~l proce~di~ys apa~nst th~ OWpors to obtai~ judpm~~t o~ tlw Nut~ and!
or ~xncia itf nyhtt and rtm~di~s u ~ ucur~d party undu tl» Fla~da Uniform Comm~rc~al Cod~ a otM~ applicabl~ law. If tM Bu?k h~s d~md ~qNl ins~cun
or uppo tM o0turt~nq ol ~n w~nt ol d~f~ult, tM 8ank ~MII hav~ tM ~~qht, irtwrwd~atNy a~d withCUt turlM~ action by it, to Nt off spi~Mt this Not~ ~II wqrNy
owsd by cM Bank in any capacicy ~o ~xh ~nd any Oblgor, ~~d slw to ~tt ofl sp~init all oth~r Iiibili~ia ot each MakK to ~M Bank sll rtarNy oMwd by iM Bank
~n any cap~city to ach and any MakK, s~?d tM @ank shN1 b~ dwm~d to haw ~xKCis~d wch rpht of ofl ~nd to Aaw msd~ a dWry~ p~inst ~nY wcA narry
immediatNy upon tM octurr~nc~ o~ wth detsult ~wn thouqh wcA chary~ is rt~sd~ or ~ntend on tM books ol tM 8ank wbuqueot tha~co. Unlas tM Cdlat-
eral is paish~bl~ or thnstens to dsclins sp~~dity in valu~ or is of a typ~ cuttom~rily sold o~ ~ ncopniz~d rtrrk~t, tM B~nk will qiw ~M Malu~ rpsa»bN ~otio~
ot tM tim~ x+d pt~a ot sny public ssk tMrto( a tM tirrn ~tt~r which ~ny privsu s~N a soy otAer intand~d disposiiioo chKw1 i: ~o b~ n?ad~. TM rpuur
rne~t ot rNSOnsbb notica shall W mst if wch notip is rtwiled. posap~ Pnpsid. to any Malc~r at tM addnss pive~ bslow o~ at ~oy othu ~ddr~a show~ o~ tM
r~cordc of tM 8ank, at least ~ d~ys bNon tM tim~ of M~ a!~ a disposition. llpo~ di~position ot ~ny Coltu~r~l a1tK t1+~ occu~r~t oi sny dehuh, ch~
Qbli~o.s shsll b~ snd r~mai~ jointly and sw~rslly IiabN fo~ any defici~cy. Th~ Bsnk shall ~eoount to tAS Mske~ for any wrplus but tM B~nk shall AaN tM.ght
to apply sN a a~y pxt ot wcA wrplus lo? hold tM ssm~ as a ~nerw agamst) any snd ~II otMr liabilities ot ~sch and any Obli~w to the Bsrdc. T!w Oblqws Mr~-
by vaiw any riphn oi red~mption sfttr ddault. ~
All partia liabls for the psyme~t and collecuon Mrsof: (1) apree to psy a11 sxps~ses nCUrr~d or p~id i~ tM p~ot~Ctip~ Ot COllaqr~l or tM MtO~p~r1Mt hlrt-
of, wh~tMr the BaMc is obligated theretw w ~ot, includinp attan~y's fe~s eqwl Io ~~~1Loi tA~ ~nwunt in dtiault w wth b~q~~ srtwu~t ~t miy bt ns~on~ble ~
tor sKVices and expe~ses ~ncurred in the en/orcem~nt harsot ~ither p.ior or wbssquen : to judprrnnt snd wMth~. in judicisl proosedinys a otM?wis~. snd abo~ ~
those costs. expenfes and ressonabl~ sttaney's feet incur~ed in appellste proceedings: (2) vv~ive prtsentmMt fo~ payment, d~m~nd, notice of ian~syment, .
notice of protat and protest ot this Notr (3) consent to and wsive notice oi sny and s 1 rs~wwls w txtansions of time, wsivtrs, o~ modificatiau th~t m~y b~
granted by tM BaNc with respact to tfie payment a otha provisians ot this Note o? to :he relsase of any Obligw or the Collateral a any part tha.wf, wicA a
wi~hout wbs[itucion: and (4! sg~ee ~hat additionsl makers, e~dorsers, gusran~ors a wr~tirs may becoms pxti~s hereto without notice to chem a aff.ctirg Mrs?
liability Mr~und~r. .
The Ba~?k ma~ at any time in its sole discreiien compromise, seute o? ex~end the cime of payment ot any of the demsnds a obliq~tio~s, nprtseni~d by sny
oi the sacurities pledgsd hereundar aod all of th~ parties liable for tha payment hereof hereby maks, Corntitute and a~oint Me Bsnk, his or thtir trw snd law(ul
atcorn~y tor this purposs with tull power and suthority to compromise, settle o? extend payme~t ot ssid demsnds or obligatio~s aod to saquir~, sstisty a d+s-
charga tht sartk of neord or othe.wise ss the parties lisble fw tha payme~t or collection hereoi mght or couW do if pe~sonally present. The B~nk :hsll not be
under aoy liability o~ obligstio~ to take any steps whatsoever to fix any liability upo~ or to colbct w to eniorce paymsnt of any obligatioo pNd~sd s~ s~writy
hereundar whethe? by giving any notice. presenting, damat~dirg payment, protesting, instituting wit or othervvise.
The 8snk shall not by any act of omission w tommission be deemed to waive any ot its rights w romedies hereunder unless wch wa~ver shslt be in writiny -
and sigaed by the Bank snd then o~ty to the extent specitically set (orth therein; a waiver o~ o~e ewnt shall not be construed ss conti~uing w as a bar to w
v,raiver of wch right or remedy on a wbsequent event.
The liability of each Obligor shall be absolute and u~co~ditional and without regard to the I'iability of any other pa?ty hereto. My notice shall be sufficie~t-
iy served upa~ all Obligcxs by serving wch notice upa? any o~e Obligor. The notice shall be wfiiciently served ii placed in che mail, postage prepaid, sddrossed
to, w leit uport the premises of any Obligor at any sddress shown o~ the Bank's recwds. _
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTEO COPY OF THIS NOTE ON THE ABOVE OATE.
C ~
(SEAL
p ~ SIGNA UR F MAKER ,
i tl ck
(SEAL)
AODRE55 URE OF MAKE
Elli Y. Hicks
ENDORSEMENT
In addition to the Iiability as endwsen, which the undersigned hereby atwme, tor value reoeivtd arx! intending to be kgally bound, tM u~dersigned (and if
mo.e than one, each of them joi~tly and severally) (a) hereby unconditionally guarantee the payment of the within Note arxf all extensions a re~ewals thereof
and all sums payable urxier or by virtue tfiereof inNuding, without limitation, all amainK of prinCipal ~d interest and all expenses (i~dudirg attorneys fees,
whether incurred i~ trial or appellate proteedings! inturred in tbe collettio~ thereof, the enfpcert~ent of rights thereunder a with respeet to sny security d~e-
tor and the enforceme~t he.eof, and waive presentment, dema~d, notice of dishonor, protgst, notice of protest and all other notioes whatsoeMer; and (b) cd~sent
and agree that they sre bound as Obfigors u~der t1?e terms of and are wbject to all provisioos set fo?M on the fact of said Note as fulty as thwgh tf~ey were eseh
a Maker thereot, and to the ezercise by the holder of eseh and every right therein set fortfi w permitted by law, all without notice to or oonse~t of snd wid~out
affectirg the lisbility of the undersigned, and turther Consent and agree that any of the undersigned may be wed by the holder Aereof with w without joinirg
a~y of the other endorsers w Makers of said Note and without first or contemporaneously wing any wth otAer ~erso~s, or otherwise seekirg or prooeeding to
i collect from them or any of them.
I .
i
~ ISEAU
ADDRE55 SIGNATURE OF GUARANTOR
(SEAL)
ADDRE55 SIGNATURE OF GUARANTOR
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