HomeMy WebLinkAbout0255 lJ~wn tM occurnnc~ ol an w~nt ol dNault, tAe Bank may institut~ ~p~xopriat~ IpN procMd~nps ~paimt tha Oblipori ~o obuin judpnxm on tM Non and/ .
or ~x~rcia ~ts nphts a~d r~m~di~s a a s~curW psrty u~ cM 11wid~ Unifwm ComrtNrci~l Co~ a otMr sppliub~~ I~w. 11 tM 8ink hst dMrnsd itielf inslcur~
a upon tM occu~nna o1 an ~wnt of d~fault, th~ 9ank shall hav~ tM rgAt, inurnd'ut~ly snd without Iurt1+N sction by it, io at of1 spsinst tfiis Noq sll~rwn~y
ow~d Sy t1N Bu~k in any c~pscity to ~ s~d any Obliqcx, ~nd ~ISO ~o s~t o19 ~pains~ ~II otha liabilitia of ~ach IN~kN to tM 8ank all mon~y ow~d by th~ Bank
in sny cap~city to ~ach and sm MdcK, a~d tl» B~nlc ~h~11 b~ dNm~d to haw ~x~rci»d wch ripht ot wt ott and to Mw rt+~l~ a chsrpt ~hat any wch morny
immrdistNy upon tM occurr~nc~ of wch dNwlt ~wn tAouph wM chxp~ is msd~ a en~K~d on tM books ot cM Bank :ubssawnt tha~~o. Unl~ss t1» Co11st-
•ral is p~rish~bl~ a thr~at~nt to d~clin~ ~~dily in valw o~ it ot ~ typ~ tuttomMily sold on ~ nooqnii~d rtwrktt, tM Bsnk will yiv~ th~ MakN rsaso~ablt notia
o( tM tirt» aaf pl~q of ~ny puWic wN thKw( w tIN tim~ ~it~r wAich sny privsu taN w any otMr int~~~d~d dispofition thKtol is to b~ m~c1~. Th~ nquir~-
rt»nt of naoeabN notiq shsll b~ m~t if wcA notia it m~il~d. posup~ Pnpsid. to any UAdur at tM ~ddr~ss 9ive~ bNow or at any otliu sddr~u sAown on th~
ncads of tM 8snk, ~t Itut 5 days b~(on tM tirtN of th~ s~l~ or disposition. lJpon dirposition of sny Collst~.al atter th~ occur~~ ol sny dNault, iM ;
Obli~o~s sMll b~ ~nd r~r?yin jointly and s~wrslly IiabN tor any d~tici~ncy. TM Bsnk ~II ~ccount to the Mak~r fw ~~y wrplus but the 8ank shsll hew th~ ~iynt
to ~pply all a sny put of wch wrplus (a hold the sam~ ss a r~rw spainstl any and all othK li~bilitiq of each snd sny Obli~w to th~ Bank, Th~ Oblpors hera `
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by wsiv~ ~nY ripht: ot r~mptior~ attK d~t~ulc. ' •
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All psrti~s IiaW~ for the paYt~e~t s~d coll~ction Mrtot: ( l) pne to p~Y all ~xpenses incurrNl or paid in tht proteCtion of Collsteral or tM snioroKnent Aert-
of, wMtAN tM 8snk is obtiy~ted thersfa w ~ot, includinp attorney's f~t pwl to 10'X~of tM amou~t in dttault w such larger smount as msy b~ ressonable
fo~ s~rvit~s snd ~xpN~s~t incu~r~d in tha eo(wprt~s~t Mrsof ~itMr pria a wbtpuent to judprrnnt snd wMthsr in jud+cisl proceadir?qs w otherwiss, and slfo
those eotts. sxpK?sa a~d r~asonaWt ~ttorney't fNS incwr~d in appellat~ proce~dings: (2) waiv~ prtsentmer?t tw payrtKnt, demand. noticv of non-paYment,
notia of protat snd protat oi this Note: (3) consent to snd wsiv~ notice of s~y and sll ren~nnls w extMSions ot tirtk, waive.:, w moditications that may be
grantsd by tM Buic with ~espeet to the payment w othe? provisionf oi this Noa or to the relesse o( sny Obli9or w the Collateral a sny psrt tAersof, with a
without wbstitution: and 14) a~te thst sdditio~al rnik~rs, endorters, guara~tors w wr~ti~s msy become partas hereto without notice to them a affecting their !
liability heteu~r. s
The Bsnk may at sny time in its sole discretion comp.omise, setiN o. excend ~he tim~ of psym~nt oi sny of ihe dema~ds w obligatiau, npresented by sny
o! tht slcuritils pl~tiged hereunder and all of the pa?ties liable for the paymet~t hereot hereby make, Co~utitute and appoint the 88nk, his or their true and Iswtul !
sttansy for this purposs with fvll power and authority to compromise, settle o? extend psyma+t of said dsmands w obligations and to aoquire, atisfy or dis- ;
chsrg~ the sartw of recwd or otharwis~ as tM patia lisble for the payment w collection hereof might or could do if personalty present. Tht Bank shsll not be
unde. sny liability w obligation to take sny steps whstsoever to (ix any liabitity upon or to collact w to entwce psyment of any obliyation pladged as security '
heteunder whether by 9iviny any notic~. p~esa~ting. demandinp payrt~ent, protestitp, instituting wit o? otMrwis~. i
The Bsnk fhall nOt by sny att ot omission or Cornmissia? be deemed to waive any of its rights or ?emedies hereunder u~less suCh waiver shall be in writirg
and signsd by the Bank and tAen only to the extent specifically set torth therein: a waiver on one everit shall not be const~ued as continuing or as a bar to o~
vraivet ot SuCh rigAt O? rert~ady o~ a wb6equMt event.
The liability of esch Oblipo? shall be absolute and unconditionsl and without regard to tM lisbility of any other party he?eto. Any ~otice shall be wtiicient- ~
~y sarved upo~ all Obligors by servi~g wCh notiC~ upon any or?e Obligor. The notite shall be wtiiCiently served if plsCed in the mail, postage prepaid, addressed '
to, or leit upon the promisa oi any Oblgor at any address shown on the 6ank's recwds. i
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWLEDGES RECEIPT OF AN EXECUTEU COPY OF THIS NOTE ON THE ABOVE DATE.
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520J S. i~.c?~3~~~~ 6?•~~fi~:~l. :~isc:. (SEAI)
ADDRESS C3321 • SIGNATURE OF MAK R r
7 a ~ S~
(SEAL) ~ rx~''~
ADORESS SIGNATURE O MAKER
T:~1•~a tl. Si~,~n
ENDORSEMENT
In addition to the I~ability as endwsers, which the unde?sgned hereby aswme, fw value received and intending to be legally bound, the undersigned (and ii
mwe than one, each Of them jantly and severally) (a) hereby unconditionally guarantee the paVment of the within Note and all ex[ensions or renewals thereot
and all wms payabl~ under or by virtue thereof including, without limitation, all amai~ts of principal and interest and all expernes fincluding attorneys tees,
whether inturred in trial or appellate proceedings) incu~red in the col~ection thereof, the e~forta~nent of rghts thereunder a with respect to sny security there-
for a~d tAe entorcement hereoi, and waive presentment, demand, ~otice of dishona, protest, notice of p?otest and ali other notices whatsoever; and (b) consent
and ap~ee that tMey are bound as Obligors under the terms oi and are wbject to ail provisio~s set forM on the tact of said Note as fully as though they were each
e Maker thereot, and to the exercite by the holder of eacA a~d every right tAerein set fortf~ w permitted by Isw, all without notice to or consent of and without
I~ atfecting the liabiiity ot the undersigned, and further coruent and agree that any of the undersigned may be wed by the holder hereof with or without joinirg
any oi the othe. endorsers or Makers ot said Note and without tirst or conternpwaneously wirg any wch other persons, or otherwise seeking or proceedirg to
collect trom tf~em or any of them. .
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~ ISEAU E
ADORE55 SIGNATURE OF GUARANTOR
(SEALI
ADDRESS SIGNATURE OF GUARANTOR
8~~x ~83 ~E 255 - :
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