HomeMy WebLinkAbout0262 llpon th~ occurr~nc~ ot an ewni ol delault, th~ Ba~k may ~nttitut~ app«p?at~ Ipal proti~d~npt apainst the Obliporc to obuin judqrtie~t on tM Note and/
o~ •x~rcif~ its ryhu u~d r~m~di~s ~s a secur~d pariy ur~ ch~ Flwida Uoifwm Com,^rnrcisl Cod~ a otMr applicabl~ taw. 11 ~M B~~k hss dNrw~d itwlf ios~cur~
o~ upon th~ occu~r~nc~ ol so w+nt ot dNault, tl~ B~nk ~NI haw tM rpht, immedia~Ny and witAout furtMr sctio~ by it, to Kt olf ~gsi~t this Not~ all money
owed by tM Bs~k in any c~p~city to ~sd~ and ~ny Oblpa. ~nd slso to s~t ot1 spsinst all oth~r liabilitia of ~sch MakN to tM 8ank ~II moMy ow~d by iM 8~nk
~n any upacity to ~ach s~d any Mak~?~ and tM B~?Ic shNl b~ d~mM to haw ~xKCis~d wM rqht of ~t oft and to h~v~ m~de a charq~ spsinst ~nY wch mwNy
~mmediatNy upon M~ occurr~nce oi wch d~fwlt rv~n thouyh wc~ chs.p~ is rtwd~ a t~tend on tM books of tM Bank wbspuent th~reto. Unleu tM Collst-
e.al is p~rishabl~ or threatMS to decline tp~edily in valw a is ot a typ~ custom~rily sold on ~ r~copniz~d muktl, tM Bank will9iw tM MakK rqson+bM notia
ot tM timt snd plsc~ oi anY public saM thtrwf o~ tM timt atter which sny Privau sN~ a ~nY othK intaxi~d dispQSition MKSOf it to bt a~e. TM rpuir~- f
ment of nqon~bN ~otia shall be m~t if wch notip is rt?sil~d. postaye Prepaid. to any Msbr st tM sddr~u pivtn bNow a at sny othN sddrns show~ o~ tM
records of tM B~nk, ~t lesst 5 d~Ys b~tia~ th~ tim~ 01 M~ saq a d~sposition. Upo~ disposition of a~y Collateral alter tMe oaurnnq ot u~y dNsult, th~
Obliqon sh~ll b~ end rtmsin jointly and sev~nlly liabb ta any d~tici~~cy. The Bank sh~ll sccount to tht Maka for sny wrptus but tl» Bank sh~ll haw tM.iyht
co spply sll or ~ny pa~t of auch wrplus la hold th~ ssm~ as s reserw aqainst) a~y a~d all othu liabilitia of each and any Obli9or to tM Bs~k, TM Oblipors i»r~-
by vwiv~ any riphts of ~~mptio~ aftN d~twlt. ~
All psrti~s ti~W~ fw tM payrt~t and cotl~ction Mreot: (1) ayree to pay sll expensts incu~r~d o~ paid in tM protection of Collateral or the ~nlor~nt hert- ~
of, wh~thtr tM Bank is obliyat4d therefor or not, intludinp attorn~y's tees eqwl to 10'Xiof tM amount in dNault a wch larger amount ss may bs n~so~?~W~ ;
tor sNVices a~d ~xp~nses incurrad in the enforqmtnt heraof either priw or wbssqu~nt to judyrtw~t and wh~the~ in judicisl {xouedinys w otherwis~, snd slso a
ihose costs, exp~ns~s and reaso~sbl• attwr+ey's fae~ i~curred in appetlste procaedinps: waiv~ prasentrnMt for payrtrnt, demsnd, ~otic~ of non-psyment, :
not~ce of protest and protat ot this Not~; (3) co~sent to and waiv~ notice of any and atl r~~twNs o~ ~xctnsions of time, wsivers, a mc?difications that rt?sy b~ t
granted by tM Badc with respect to ~he psyment a o~her provisions of this No~e o? ~o ths roMsse ot sny OWigor w the Collacersl o? any psr~ therwf, with or s
w~thout substitution: and (4) ag~ee tl?at additionat makers, endorsers, gusrantors or suretiet may betome psrtNS Mereto without notice to them w a(facti~g their ;
i
Iiability hKeu~r. ~
The 8a~lc f111y at any timo in its sole distretion tompromiss, settk or exterld the time of payriNnt ot any oi tM demends or obligatio+?s, rep~~stnted bY sny '
of the securitia pledged hereunder and all a1 the ps?ties liabk (or the payment hereof hereby make, corotitua and appoint the Bank, his or their true ~nd lawiul `
a~tanty fw this purpose with tull power and suthwity to compromise, settle or extend payment oi said demands a obligatioes and to soquin, sstisty or d'+s- j
chargs the sartr oi reco~d or otherwise ss the pa~ties IisWe for tha payment w collection hKaof might or could do if pe~swwlly prese~t. The Bsnk sAatl rat be i
under any liabitity a obtigation to uke a~y steps whatsosver to fix sny liability upon or to colkct or to enfqte payment oi any oblqation pledysd as seturity
he~eunder whetAer by giving anY notice, prese~ting, demanding payment, protesti~g, i~atituting wit w otherwise.
The 8ank shall not by any aCt oi omiuion or commission be deemed to waive any of its rights w remedias hereunder unless wch waive~ shsll be in writing
and signed by the Ba~k and then o~ly to the extent specifically set forth therein: a waive~ on w~e event shall ~ot be conttrued as continuing or as a bar to or
v~raiver Of suCh right or remedy On a;ubseque~t eveM.
The liabili.ty of esch Obligor shall be absolute a~d u~co~ditional and wiihout regard to the liability of any other party hereto. Any notice shall be wfficie~t-
Iy served t~a~ atl Obligors by serving wth not~cs upon any one Obligor. The r?otice shall be wificiently se~ved if placed in the mail, postage prepaid, sddreued
ro, w leit upo~ the premises of any Obligor at any addreu 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 DATE.
~7 Z ~
3b00 N. M. 33rd ~Avess_Lauderdale Lakes - ,sEAU ' .
- ' ~3~' tGNATURE OF MAKER
~1"~ J. t'1@r~ ~ u
(SEAL) ~s"~{_1., _.i~~ v~~ ~~~L~i.f.(iY.C~
ADDRESS ~ SIGNATURE OF MAKER
~OMlll L. SQRiI@~ ~ ~@
ENDORSEMENT
In addition to t1?e liability as endorsers, which the unckrsigned hereby aswme, tor value received and intending to be Iegally bound, the undersigned land if
more than one, each of them jointly and severally) (a) he~eby unconditionally guarantee the payment of the within Note and al1 extensions or renewals thereo/
and a{I wms payable under or by virtue thereof includi~g, without timitation, all amounts ot principal and interest and all expenses iincluding attorneys fea,
whether incu~red in tciaf o? appellate proceedings) inturred in the collection thereof, the enfotceme~t of rights thereu~der or with respett to any security there-
for and the enforcement hereoi, and waive presentment, demand, notice ot dishonor, protest, notice of protest and all other notices whatsoever; and Ib) consent
and aspee that thay sre bound as Obligors unde~ the terms oi and are wbject to alI provisions set fwth o~ the fact of said Note az fully as though tl~ey were esch
a Maker thereof, and to the exercise by the holder of each and every right therein set forth or permitted by law, atl withou~ notice to w consent of and without
I aifecting the liability of the undersigned, and further cor~sent and agree that a~y of the undersigned may be wed by the holder hereof with w without joining
any of the other endasers w Makers of said Note ~d without first or contemporaneously wing any wch other penons, or otherwise seeking or procreding to
collect from them or any of them.
j ~ (SEAU -
f AODRE55 SIGNATURE OF GUARANTOR
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(SEAL)
AODRE55 SIGNATURE OF GUARANTOR
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