HomeMy WebLinkAbout0290 Upon th~ occu~~tnct ot s~ ~v~nt ot dNwlt, tM Bank rt?sy institua apWoW ian lp~l procNdirp~ sg~imt tM Oblipors to ~~bum judprr~nt o~ t1+~ Nota and/
or extrC~M itt riphtt u~d nnNdNt at ~ NCUr~d pa~iy unWt tM Flo~id~ U~iform Comm~rti~l CAd~ w otMr applitabl~ law. It tM 8ank Mt dNnNd ~t1Nf ins~cur~
o~ upon tM occur~~np of w~nt ol d~i~ult, tM 8ank ~Aall haw tM ?ipht, imrtwdiat~lY and without furtM~ sction by it, to s~t otf p~imt thit Nou aU mw»y
~~wed by tM Baok in ~ny upicity to wd? ~nd any Oblqw, snd also to at olt ap~inst a11 othp liabilitia ot Neh MakN to tM Bsnk s11 mor?~Y ovwd by tM 8ank
~n any capacity to ~ach and any MakK, s~d thi Bank shall b~ dKm~d to haw ~xNti»d wM rqht of »t oft ~nd t8 Mv~ rt~ a th~~~ sp~inst snY wch mon~y
~rnrnedNtNy ~Kwn th~ oocurr~np oi wch d~tault w~n thouyh wcA d+u~ b rt~ a ~ntK~d on tM books oi tM Bank wb~sqwnt M~r~to. Unl~u th~ Co11~t-
e~ai is pui~habl~ a ch~eu~ to duli~s sp~~dily in vslw a i~ of ~ typ~ custornar~ly sold on ~ r~oqniz~d muk~t. c1+~ Bsnk wilt piw tM N1~kH rN~~abb nocia
of tha tIf1N ~nd plit~ Of ~ny publiC faN tMrW( O~ 1M tirtM ittN WhiCh ~nY piivat~ siN O~ NW OthM inttnd~d dispwition th~not it to bs rt~. TM ~puin-
r„em of rwsonabN ootia ~h~11 b~ m~t if wch notia b mail~d. posuqs Prpsid, to any Msk~~ ~t th~ addnp qiven balow w ~t anY ot1+K ~ddr~a show~ o~ tM
recads of tM 8~nk, at ttast 5 dsyt b~1on tM tim~ ol th~ ssl~ a disposi[ion. Upon di~position of ~ny CollaterN aftN th~ occurrtnq ol sny d~lault, th~
Ot~I~gon sAall a and ~~mai~ jointly and tw~t~slly liabl~ ta ~ny d~tici~nty. TM Bank shsll aocount to tM Mak~r tor any wrplus but tM Benk shall haw th~ riqht
io apply aN d sny part of wth wrplus (a Add tIN tstrn as a r~sfrve spainst) any and all otl?K liabilitia of eath ~nd s~y Obligor to tM 8ank, TM Oblipors herN
by waivr iny ~iphtf Ot tKNmptiOn a1tK dflWlt. ~
All p~rtiea liabl~ to? tM paymtnt snd tollYetio~ Mreot: (1) ~e~ ta psy NI txpK?f~s incurnd w paid in tM proteetio~ ot Co~lattrsl w tM ~niort~fntnt hert-
ot, ;Nhether th~ Ba~k is oblipsted theretw or not, includ'+np sttan~y's fe~s pwl to l~ot tM ~mount in d~tault or wch lerper smount as may b~ reasonable
~or servicu and ~xp~rtas ~ncurred in th~ Mfort~m~nt M~wt ~ith~r p?~ior o? wbspuMt to judyrtNnt and whethe~ in judiCial pro~yedings w othKwife, and also
cnose costs, ~xptm~s and nasonablt attan~y'~ tNS incurr~d in appellste P~~~~: (2) wsiw p~tstntrt~t fw paymsnt, dsmsnd, notic~ of no~-paymtnt,
~o~~ce of protesc snd protesi of this Noce; l3) consent to u?d wsiw notic~ of any and all .~n~wsls a extensions of time, waivers, or modificstions that msy be
qranted by tM B~ric with respeet to the p2Nment or other provisions Of tAi~ Note or to th~ rolease of sny ObligOr o? tM Collateral o~ any ps~t thereof, with o?
w~~hout substitution: u+d a~~e that additions~ mskers, tndorsers, gusrantors w wr~ti~s may bscome pa?ties hereto without notice to them w attectiny tMir ~
hability hNfUndlr. - ~
The Bank mty at s~y time in its sote discretion compromise, settk a extend the tirtN of paiymMt of sny oi the demands w obliQations, reprtsMted by sny
ot che secu?iti~s phdy~d herwnder and all of Me parties liable fo~ the payment hereo( her~by make, rnnstitute a~?d appoint the Bank, his or their true and lawiul
accorney for this purpose with full power and wthority to compromise, settk or ezt~nd paymsnt of said demsnds w oblig~tion~ and to sapuin, atisfy or dis-
charqe the ssrn~ ot recad w othervrise as the psrties IisbM fpr the payment a tollection hKeof mght or eould do if parsoaslly present. The Bank shall not be ;
under any liability w obligation to take sny steps whatsowa to fiz sny liebility upon or to colNtt o? to enfo~ce payme~t ot a~y obligation plsdged as security
hereund~r wMtha~ by piviti9 eny notite, prese~ting, dem~~ding psyrne~t, protesting, ir?stitutirg wit or otherwist. - _
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The Bank shsll not by sny sct ot omissio~ w commistio~ be deemad to waive any ot its rights o~ remedies Mreunder unless such waiver shall bs in w?iting
and signed by the Bank and ihe~ only to the extent spetifically set forth therein; a waiver on one event shsll ~ot be construed as continuing or M a bar to ot
wa~ve~ ot wch right w?emedy on a subsequeet event.
The liability of esch Ob~qor shall bs absolute ard unconditio~sl and without ~egard to the lisbility of any other party he~eto. Any notice shsll be w(ticient-
~y servad uppn all Obligors by serving wch notice upon any ooe Obligw. The notice shall be sufficiently se~ved ii placEd in the mail, postage prflpaid, addtessed
to. or lett upon the p~emises of a~y Obligor at a~y address shown on the Bank's records.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION '
EACH MAKER ACKNOWIEUGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE DATE.
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4165 Le~e~e Rd., Mia~i, fl. 33146 ~SEAU -
AODRE55 ~ U~ QFi_MAMCER ,
QII~QI'
(SEAL)
ADORESS SIGNATURE OF MAKER
ENOORSEMENT
In addition to the liability as endorsrrs, which the undenigned herebY assurne, tw value received and intending to be I!9ally bound, the u~dersignad (and if
more than one, eaefi ot them jointly and severallyl (a? hereby unconditionally guarantee the payment of ct?e within Note and all extensions or renewals thereof
and all sums payable under or by virtue thereof including, without limitation, all amouna of pri~cipal and interest and all expenses (~nc~ud~o9 attwneys fees,
whether incurted in trial or sppeltate prouedinps) incurred in the tollettion thereof, the enforcert~ent of rights thereunder a with respect to any sncurity therr -
*or and the enforcement he~eof, and vraive presentme~t, dema~d, notice ot dishonor, p.otest, notia oi protest a~d all other notices whatsoever; and (b) consent ;
; and agree that they are bound as Obligors under the terms of and are wbject to all provisions set fo.th on the fact of said Note ss fully as though they were each
f a Maker thereot, end to the exercise by tl~e holder of each and every right therein set forM w permitced by law, all without notioe to or consMt ot and without
~ ~ffecting the liability oi the uncfenigned, and turther toroent and agrce that any af the undersigned may be wed by the holder hereoi with or without joining
~ ;ny oi the other endorsers o? Makers of said Note and without tirst or contemporaneously wing any wch other persons, or otherwise seeking or proceeding to
i collect irom them o? any ot them. .
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i
ISEALI
ADDRE55 SIGNATURE OF GUARAfVTOR
(SEAL)
~ AODRE55 SIGNATURE OF GUARANTOR
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