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Home My WebLink About0276 l1~wn tM occurrence ot an ~v~nt ol dttault, th~ Bank mey insutute approprisq Mpal ProtNd~nys agairttt tM Oblpws to obuin ~ud~rt?~~t on ~h~ Not~ srwl/ or ~x~rei~ its rphts and nm~dies u a s~cur~d party undK tM Fla~da U~itorm ComrtNrcul Cod~ o~ otM~ ~pplicsbl~ Isw. 11 tM Ba~k has d~~d itsNf i~s~cun or upon tM ocCUrr~~q ot u~ twm of d~fault, tM Bsnk shdl Mv~ tM r~ght, imnwdiatNy a~d whAout furtt?K aclion by it, co ut otf syainst this Nott all moMy owed by tM 8~nk in any capacicy to Nch ~~d any Oblpor, snd also to at o1f ~ir?st ~II oth~? IiibilitiK oi e~Ch MakN to tM B~n1c sll mon~y owtd by th~ Ba~k ~n any csp~city to each and any Maker, snd tM Bank shall b~ d~m~d to haw ~xKCi~d weh ?~pht ol Mt otf snd to f?~v~ rt~sdt a char~ ap~intt a~y wch moMy ~mmediatNy upon tM occurnncs o( wcA detault we~ thou9h wch charqs is rt~ a~ntend on tM books.ot tM Bank wbspwnt tAKtto. U~Isss th~ Collat- eral is pKishabl~ a threatens to declins sp~~dily in valw or is of a typ~ custorturily wld on ~ r~copnii~d m~~k~t, tM Ba~k will piw tM IN~k~r rwso~abN notia oi tM tim~ snd plac~ ot any public saN tMnol a tM tims ~ft~r which s~y privsa sab or any othtr intt~d~d dispotition thKwf a to bt rt~sd~. TM requir~- ; ment ot rMSOnsbl~ hotit~ shall be mst if sud? noticy a mail~d. postaqe prepaid, to sny Maker at th~ sddnu piven below w at any othK ~ddrKS shown on th~ ~ ~acords of tM Ba~?k, st lesst 5 dsys bNon tM tim~ ot the saq w disposition. Upon di~position of sny Collat~~al altt~ th~ occurr~np ot sny d~fault, tM i Obliqo~s sAall ~e and remain jointly snd s~verally Iisble fo~ any def~cie~cy. The Bank shall aocount to tM Nl~ke~ for ~ny wrplus but tM B~nk ~hsll hsve ths ri9ht ; co apply ~II w sny part of such w~plus (a hold tA~ sam~ as a res~rve against) a~y snd atl othu liabilitits ot ead+ and any Obligcx to the Bsnk. Th~ Oblipors hen- ` by waiv~ ~nY rphts of r~demptio~ a(tK d~tault. AR pa?tNS liabl~ fw the paVmsnt snd toll~ction Mrwt: (11'agree to psy a11 expMSK inturnd or paid in tM prot~CtiOn ot Coltat~ral or the tntorce~nt he?~- of, wh~ther tM 8~k is obtqated tAerefa w not, inctudirg attorney's lees equal to l~ot the smount in dt(ault w wch Isry~r smount u may b~ ~~sso~ablt tor serviCes and exp~nses inturred in thY enfwCement hersot either prip or wbsequsnt to judyms~t a~d whtthK in juditial p~ot~edirp~ o~ othKw~s~, snd al~o tnote costs, expM~s a~d reaso~?aWe attwney's f~es inturred in appellate proteedings; (2) waiv~ presentrnent fw paymMt, dsmand, notite of iwn-psyment, notica oi protest and protest of tha Note: (3) conse~t to and waiw notice of s~y a~d all renew~ts a sxtensions ot time, wsivers, or moditiutiona thit msy be g~anted by iM Bs~c with respect to the payrt?ent a other provisions of tAis Note or to the rel~ase oi sny Obligor or the Collatsral or any psrt M~noi, wiM o~ w~thout substitution; and (4) ag~ee thst additional makers, endorse~s, guaranto?s or wreties rtwy bscome parties Mreto without notics to th~m a affecting their i : hability fNrlunder. # The Bsnk may at any time in its sole discretion compromise, settle or extend the time ot payment of sny of the dema~?ds a obligstio~s, represe~ted by any of the securiti~s pledged hereu~der and all ot the parties liabk for the payment hereo( hereby maka, co~atitute and appoint the Ba~k, his w their t~w and lawtul attorney (w this purpose with full power and authority to tort~promise, settle or excend paymsnt of siid demands or obligations a~d to acquin, sstisfy or dis- charge the samt of retord or othe~wiie as the parties liable tor the payment & collectio~ hereol might or could do ii personatly present. TAe Ba~k shsll not be under any liability or obligation to take any steps whatsoever to tix any liability upon or to collect or to Mfwce payme~t of any obligation plsdgsd ss ssturity hereunder whethe~ by giving any notice, prosenting, demanding payrt~?t, protesting, irtstituting wit o? otherwise. 1'he Ba~k shall not by any act oi omiuion w commissio~ be deemed to waive any of its righcs o~ remedies Aereunde~ unleu such waiver shall be in writing and signed by the Bank and then o~ly to the exte~t specifically set forth therein; a waiver on one event shall not be construed as continuiny w as a bsr to or hra~ver oi wcA right w remedy on s wbseque~[ event. The lisbility of each Obliyo~ shall be absolute and unrnnditional and without ~ega?d to the liability of any other party hereto. Any ~otice shall be wfticient- Iy served upon all Obligcxs by serving wch notite upon any one Obligor. The ~otice shall be w~fitiently served if placed in the mail, postage prepa~id, addressed to, or left upon the premises of any Obligor at any addreu show~ on the 8ank's records. NOTICE: SEE OTHER SIOE FOR IMPORTANT INFORMATION " EACH MAKER ACKNOWIEDGES RECEIPT OF AN EX~CUTEO COPY OF THIS NOTE ON THE ABOVE O C 7I~ S.W. ~.~1--~~,¦-TM~~* 33143 (SEAL) ~v StGNATURE OF MAKER David Charl~s M1~ete11 (SEALI ' ADURESS SIGNATURE OF MAKER ENOORSEMENT In addition to the liability as endorsers, whitA the undersigned hereby eswme, tor valus received and i~tEnding to be tegally bound, the u~dersigned (and if more than one, each of them join[ly and severalty) (a) hereby unconditionally guarantea the payrtient of the within Note and all extensions w renevvals thereof and all wms payable uncfer w by virtue thereof including, without limitation, all amounts of {xincipal and intercst and all expenses (including attorneys fees, whethar incurred in trial or appetlate proceedingsl incurred in tAe collettion thereof, the enfortert~ent ot rights thereunder or with respect to any iecurity there- for and the enforcert~ent hereof, and waive presentment, demand, notice of dishonw, protest, notice of protest and alt other notices whatsoever; and (b) consent and agrce that they are bound as Obligors under the terms oi and are wbject to all provisions set forth on the fact of said Note as fully as though they were esch a RAaker thereof, and to the exercise by the holder ot each a~d every right therein set torth or permitted by law, all without notice to o? rnnsent of and without aifecting the liability of tne undersigned, and further consent and a~ee that a~y of the undersigned maY be wed by tAe holder hereoi with w without joinirg ~ any o( ihe other endorse.s or Makers ot said Note and without first or contemporaneously wirg any wd~ other pe~sons, or otherwise seeki~g or proceeding to ~ collect from them or any oi them. I f ' (SEAU ~ ADDRE55 SIGNATURE OF GUARANTOR (SEAL) AODRESS SIGNATURE OF GVARANTOR f ~ t 3 ~ i ~ i ! ~ ~ ~ ~ ~ ~ ~ ~ $~28~ p~ 2?~ ~ ~ ~ ~ ~ ~ - s • . ~ ~ . ~ . . . _ . . . . , ~ . . _ ~ - - - ~ ~ ~ - _ .rt~:.""a~~. , . ~ _