HomeMy WebLinkAbout0283 Upon tM occurre~c~ ol an tv~nt of d~fwlt. tM Bank may institut~ appropr~aa Ipal procNdiny~ ap~irot tM Obt~qws to obt~in judqnk~t on th~ Nou snd/
or ~xKCi~ its ~iphts u?d nm~dia u a wcur~d pa~ty und~r tM Flaid~ Unl~orm Coeun~rcial Cod~ or otlwr ~pplicabl~ 1aw. if tM Bsnk hu d~n~d icsNf ins~cur~
w upon cM oaur~eno~ ot ~nt ol d~fsult. tM 8a~lc shall haw tM riqAt, imnNdiatNy a~d without lurtl?K action by it, to set ott a~aainst this Nc~ta sll mo~y
ow~d by tM 8ank in any capacity to Wch and any Oblpa, ~nd Nw to at off apsinst all oth~r liabilitiu oi ~ach Maka? to tM 8ank ~II money owtd by tM 6~nk
in sny cap~city to ~acf? snd any N1~k~r~ and tM Bank fl?~II b~ dKm~d to haw ~zKCis~d wch riyht oi ~t off and to Mv~ msd~ ~ ch~ry~ apaintt sny such mon~y
imnwdNqly urw~ tM oaurr~~a of wch d~fwlt wen thouph wch char~ a n?~d~ a~ntK~d on th~ books of tM Bank wbspwnt ch~reto. Unlea tM Collat•
~nl is p~~isAabl~ a thr~stera to d«:lirw q~~dily in velw a is ot a typ~ custortwily wld o~ ~ ~KOpnii~d rtirk~t, tM Bsnk will yiv~ tM IN~ks. rp~on~We notict
o( th~ timt and pl~p ot any puWit s~N thN~of or tM tim~ aftN which ~r?y Privst~ qN w ~ny othK inc~d«l disposi~ion thK~ot is co b~ m~d~. TM rpui«-
m~nt of nisooabN notiq shsll b~ met it wch notia i~ m~il~d, po:a~a prpsid, to any Mak~r at tM iddnu 9iv~n b~low or et sny othp sddnss shown on tM
ncords of tM B~nk, ~t Iwtt S d~YS bdoA tM tirt» ot the sale or disposition. ll~wn di~positioe of any Collstsrsl ~fta the octurr~nq ot any ddault, th~
Oblipon slull be and r~m~in jointly ,~nd s~wnlly IiabN ior any d~tici~ncy. Th~ Bank shall cccount to tM Msk~~ fo~ sny wrplus but tM Bank sh~ll haw th~ riyht
to ~pply sll a any pirt ot such w~plus (a hold tht s~ms a s r~serw sp~inst) ~ny and ~II othK liabiliti~s of esd+ snd sny OWipor to tM 8ank. TM Oblipors h~re-
by w~iw anY riphts of r~mption sttK dt(ault. _
All p~rtNS IiaWe fw tM psYmN+t and coll~ction Mnof: (1) ~pree to pay all ~xpMS~s incu~nd or paid in tM Protection o} Coll~teral w iM ~nforce~nent Atre-
of, wMth~? tM B~nlc Is abliyated ther~tor w not, includinq attorney's te~s squsl to_l0%ot the amount in detault or such larper smount as may be reaso~able
fpr q~viC~f ~~td ~xpMfff inturrld i~ tM MfOrpmMt hfrlO+ N[ht~ p~iOr Or fubfpuMt t0 jtldy~M~t ~f~d WhYthM in judKN) prOC~QdinOf O~ OthKwiff, and ~Iso
thos~ tosts, ~xp~nsK and reasonaWt attorn~y's tNS inturred in appellata protaodi~ys; (21.wsiv~ p~esMtment ior payment, d~rr~nd, notiu oi rwi+-payment,
notice of protat and protest of thi: Notr. (3) consent to sed wsiw notice ot sny and all renewals or ~zt~nsions of tirtM, wsivers, a modifications that msy be.
grantad by tM Ba~c with respect io the payment w othK provisions of this Note or to tM roles~e oi sny Obliyo. or ths Collstersl a sny psrt the.eof, wi~h a
without subttitution: snd (4) agrN tMt additionsl mskus, endo.ssrs, gusrsntors w wnti~s mry b~come parti~s hereto without notice to ti+em or aftecting their
lisbility her~under. ~
The Bank maY at s~y timo in ics sole discretion comp?omis~, seecle or ex~end the time of paym~nt of sny of ths demands a obliystions, repnsent~d by s~y
ot the s~turities platlpsd h~.eundt~ a~d sll of ths pa?ties lisbte for the paymertt hereoi hereby mske, Co~utitute snd appoint the Bank, his w tMir trw and I~wtul
attaney tor this purpose with full powN snd authority to co~rpromise, settM or exte~+d paymsnt of said demsnds a obligstiw~s and to scquire, setisfy a dis-
cAargs the sarrr of recwd or otharwise ss tM psrties liable for the psyment a collection hereof might o? could do if personally present. TM Bsnk thsll not be
under any liability cr obligstion to iake sny staps whatsoever to fix sny liability upo~ or to collsct o~ to enforce payme~t ot ~y obligstion plsd9sd ss security
hs+eundsr whttha~ by giving sny notic~. {xessntinp, dsmu+ding paYme~t, protestirg, irKtituti~g wit w otherwiss.
The 8ank shsll not by my stt of omiuion or Commistiot~ be daemed to waive any ot itf rights o? ~emodias hereunder unlets such wsiver sfWll be in vvriting
a~d signed by che Bsnk and theo onlv to the extent specifically ~t tach therein; a waiver on one event shall not be construed as co~ti~uin9 or as s bsr to or
waiver ot wch ripht or remady on a subseque~t eveot. ~ ~
The liebility of esch Obligw shall b~ absotute snd unoonditional and without reyard to the liability of any othe. party hereto. My notice shall be wfficie~t-
IY seryad uppn all Obligots by serving suth nOtiCe upon anll one Oblgo~. The not+CE shall be w(fitiently served it plsted in the mail. postage pr~sid, eddrsssed
to, or left upon the premises ol any Obtigo~ at any addreu shown on the Bank's records.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWIEQGES RECEIPT OF AN EXECUTEU COPY OF THIS NOTE ON THE ABOVE DATE.
BOX 7 s T11M~1Qd ~ Idl:'A rJ~ 24~ ISEALI ~~1~t~ ~~~L/ ~"~7
ADDRESS SIGNATUR F MAKER
acob Van Re r
(SEAL)
ADDRE55 51GNATUR OF MAKER
!'arrfe 'ltln ~'_~~a~ w1r~cr
ENOORSEMENT
In eddition to the liability ss endorsers, whith the wxfersigned 1~ereby uwme, tw value reCeived a~d intending to bt legally bou~d, the undenigned (and ii
more than one, each of them jointly and severatly) (a) hcceby unconditionatly guara~tee the paymeot ot the witAin Notea~d all exterxions or renewals thereof
and all sums payabl~ under or by virtue theraof intluding, without limitation, all anwunn of principal and interest and all expet~ses (including attorneys' fees,
whether incurred in t~ial or appellate proceedings) iniurred in the collection thereof, the enioroement of rghts tnsreunder or with respett to aMr sscurity there-
iw and the enforcement hereof, and waive presentment, dertwnd, notice oi dishona, protest; notioe of protest and atl other notices whatsoaver; a~d (b) consent .
and ag.ee that they s~e bound as Oblgws under the terms of snd are wbject to all provisions set fo?M on the fact ot ssid Note as fully sf though they were esch
I~ a Maker the.eof, and to the exarcise by the holde~ of esch and every right therein set (orth or permitted by law, all without notice to w consent oi and without
aftetting the liability oi ihe undersigned, and further coixent a~d agree that any ot the undersigned may be wod by the holder hereof with or without joining
any of the other endwsers or Makers ot said Note and without tirst o? contemporaneously wirg any wch other persoru, or otherwise seeking w proceeding to
~ collect irom them or any of them.
'
ISEAU '
ADDRE55 SIGNATURE OF GUARANTOR
ISEAL)
ADORE55 SIGNATURE OF GUARANTOR
~o~K 283 ~~ct 2~3
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