HomeMy WebLinkAbout0269 Upon Ih~ occunence o1 an ~v~nt ot d~tautt, tM Bank may i~stitut~ appropr~aa I~{~SI procNdinq~ aqsinst the Obl~yors to obuin jucfyrtwnt on tM Noa and/ •
o~ ~xacis~ its riphtf and nm~dNS as ~ iACUreO parry undN tM Ftor~da Uniform Comm~rcisl Cot1~ w otMr sppllcabN I~w. 11 tM 8a~k hss dNmed italf intKUr•
or upa? tM oocwre~u ol s~ w~en~ ot d~teui~, ~he 8ank s1u11 Mw cM riq1+t, immKfiauly ~nd wiihout fur~hN acua? by it, io off ap~,mi chis Noa all mon~y
ovwd by tM Bank in ~ny capscity ~o Nch snd a~y Oblpa, and also to ss~ oft ep~inst all oth~r liabilitip of ~scA N4k« to tM Bw~k ~II mor?~y ow~d by th~ B~nk :
in ~ny capxity to ~ach ~~d any Msk~r, s~d ih~ Ba~k shNl b~ d~m~d to haw exs?cissd wch rght of ~1 off ~nd to fyw n?ad~ s charp~ ap~imt sny wch morny `
imm~diaaly upon th~ oocurrenw of wch d~fauN w~n thouqh sucA char9e is mad~ o~ ent~red on tM books o( tM Bank wb~qwnt cha~to. Unl~ss th~ Collat•
~~sl if p~~isMbl~ o? ihnatens to detlin~ sp~~dily in valw or is of s typ~ tustomarily sold on a r~coqni2~d mark~t; th~ Bsnk witl yiv~ ih~ MakK rNtonsbls notios
oi th~ tim~ snd plac~ ot any public saN the~wf a tM time stt~r which any privaa saN a any othK inNrnl~d dispwition thKwi is to b~ rt~ad~. TM .puin- ;
m~nt ot rNSOn~bM notip shalt bs mat if wch notio~ is mail~d. poitag~ Prepaid. to any IN~ktr at th~ sddnts qivtn btlow o~ st sny othK sddna shown on tM €
recads of cM Bank, at least 5 days bNo~~ tM tirt» of tM sat~ a dnposition. Upon disposition of any Collst~rsl attK tM oaurr~ of any def~ult, ths
Qbliyort shsll b~ snd ~emain jointly and s~verally liabi~ for any d~ticiency. Th~ Bank sf?~II atcount to tM MskN for sny wrplut but th~ Bank sAall haw lh~ ripht . `
to apply all a any pa?t ot such :urplus la hold th~ sart» a a ressrw againsd any s~d dl othK liabilities of wcA ~nd sny Obliqor ~o th~ Bank. TM Oblipors hen-
by vwiw any rphis of red~mption sftN d~tault.
A11 pvti~s liabl• fa the pavmsnt snd coll~ction h~nof: (1) a~ee co pay afl ~xpK?sK incurred or wid in che P~otection ot Collatsrsl or th~ tntorcemsot her~-
oi, whethe? iM 8snk is obtigated iMnfor w ~ot, includinp ~ttanty's tees equal to 10~Lof tM amou~t in d~tault or wch targer amount ss msy be rtaon~We
tor services a~d ~apa+se~ incur~ed in tM enlorcemsnt h~reoi ~ither priw o? wbsequent to judymeot and whsther in judicisl proc~sdinys or oihuwiss, and sbo
thofe costs, expHfs~s and reswnabla attw~sy's faes incurnd in appella[e proce~dirgs; (2i waiv~ prestntmsnc fa psymsnt, demand, notia of non-psyment,
~otip of protKt s~d protest ot this Note; (3) consent to and waive notice of any and all ren~wals w~xttnsions ot time, wai~re~s, or modifications that may be
granted by the Ba~c with respact to the payment or other provis~ons of this Note or to ths robsss of any Obligor or the Collate~sl w sny pat the~eoi, with or
without substitutio~; snd (4) agne that additior?sl makers, endorsefs, 9uarantors w wretia may bscort~e parties f?ereto without notice to them a s((~cting their
liebility h~rwndN. ~
The Bank msY at eny time in its sole distrotio~ tompromisa, settk or extend the time of payment of sny of the demands or obtigations, ~ep~as~nted by sny
of the seturities pledged Aereunder and all oi the parties tiable tor the payment hereof hereby mske, tonstitute snd sppoint the 68nk, his w their tru~ and Iswiul
attwnsy ior this purpose with tull power and authwity to cortp~omise, settle or exte~d payment of ssid demands o~ obligstio~s and to soquin, satisfy or dis•
chargt tAe same of record w otherwise as the par:ies IiaWe ta the payment a collaction hereof might or could do it perso~atly present. The Bs~k shsll not be
under any liability w obliyation to take ~a~y steps whatsosve~ to tix any liability upon or to collect oa to enfwce paymant of a~y obligstion pledgad ss s~curity
hereu~de. whether bjr giving any notice, p?esentiog. demanding paYment. Protastirg, institutirg wit or othe.wise.
The Bank shall not by any xt of omission ot eommission be deemed to waive any of its rights w remedies hereunder unisss wch waiver shall be in writing
and si9ned bY the Bank and then only to the extent specitically set torth ~herein; a waiver on one eve~t shall not be construcd as continuirg or as a ba~ to or
vraiver of wCh right or rernedy os1~a subsequMt event.
The liabiliry of each Obligor shall be absolute and unconditional a~d without regard to the liability of any othe~ party hereto. Any notice shall be wft~cia~t-
ly sa~ved upon all Obligws by serving wNt notiCe upon eny one Obligor. The notite shall be wffiCiMtly served ii plated in lhe meil, postage prepsid, addrestad
to, a le~t upon the premises ot any Obligor at any add.eu shown on the Bank's recwds.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH ASAKER ACKNOWLEDGES RECEIPT OF AN EXECUTEO COPY OF THIS NOTE ON THE ABOVE DATE.
7695 SN 104 St., Miemi, Fl.. 33156 (SEAL)
ADDRE55 ~OU N. HA~ICQf E OF MA R
(SEAL
A~DRE55 ~~i(~`~ w, ~u'~~ieer F MAKER
ENDORSEMENT
In addition to the Iiability as endorsers, whith the undersigned hereby aswme, to. value reteived and intending to be kgaUy bound, the undersgned (and if
more than one, each ot them jointly and severa11y) (a) hereby unconditionally guarantee the payment of the within Note and all ezteruions or renewals cheraoi
' and all sums payable unclcr or by virtue thereoi includirg, without limitation, all amainu ot principsl and interest and all expenses (including ettorneys' feas,
i whether inturred in trial or appellate proceedings) inturred in che collettion thereof, thE enfortertient of right: thereunder or with respect to any seCUrity thera :
iw and the enforcement hereof, and waive presentme~t, demand, notice of dishonor, protest, notice of protest and aIl other notices whatsosver; and (b1 consent i
y ough they wae esch
~ and agree that they are bound as Obligors under the terms of and are wbject to all provisio~s set fwth on the fact ot said Note as full as th
a Maker tbereoi, and to the exercise by the holder of each a~d every right therei~ set torth w permitted by law, all without notice to or consent of and without
affecting the liability of the undersigned, and further tonsent and agree that any of the undersigned may be wed by the holder hereof with or without joining
any oi the other endorsers or Makers of said Note and without first or contemporaneously wing any wcl~ other persons, or otherwise seeking o? proceeding to
collect trom them w any of them. •
(SEAL)
ADDRE55 SIGNATURE OF GUARANTOR
(SEAL)
ADDRE55 SIGNATURE OF GUARANTOR
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BOCK 28J eA6E ~69 ~
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