HomeMy WebLinkAbout0298 llpon tM occurr~ ol ~n w~~t ol d~fault, tM Bank may i~stitut~ epprapr~an Ipil procNdirg~ ap~inft th~ Obliyors to obtain judpnwnt o~ th~ Nbu and/
or exKCi~ iq riphts utd nm~di~ at a s~CUrod party undN tM Florid~ Unitwm Comm~rcial Cot1~ or otMr appliubl~ I~w. If tM 8ank hss dNnNd it~lf ins~CUn
or upon tM occurr~nu oi ~n w~nt oi Wfsult, tM Bank fh~11~Mv~ th~ ripht,lnwn~diattly a~d without turtht? ~ctio~ by it, to f~t olt spainst thif Nott NI moMy
ow~d by tM Ba~k in u?y c~p~city to wch ~nd any Oblqa, a~d Nio to Nt ot( ap~i~at sll otfiK liibilitip oi tad? d4kp to tM 9ank sll mon~y owtd by t1+~ Bsnk
~n any upacity to ~ach snd ~ny Maka, and th~ Bank sh~ll b~ d~m~d to haw ~xaci~d wch riqht of Mt oft and to h~v~ m~d~ a cAarp~ ap~intt any wd+ mo~r
~mm~diatNy upon th~ oecurr~np of wd~ ddault wM Mouyh wcl~ charps i: rrnd~ w~~and on tM books of th~ Bsnk wbs~qwnt tMnto. Unl~ss th~ Collat-
eral q p~ri~l?~bl~ or thnst~ to d~clin~ ~q~dily in wlw a is of s typ~ eufeomrrily ald on a r~oqni:~d rtr~kp, tM BsP?k wiU yiv~ tM Msktr rqsor?~bl~ notiq
of tM tim~ snc! plac~ of ~ny puWie s~M tMnof or tM tirtN sit~? whith aoy privat~ aN or ~ny otMr inandad dispotition tAKwf k to b~ n?ad~. TM rpuir~- .
ment ot rMSOn~bl~ notia shall M m~t if wch notia b miil~d. posap~ pr~paid, to any Msktr at tM sddr~ss piven b~low a at sml othu sddress shown on tM
recor~t ot t1N Bank, ~t I~at 5 d~Ys bNoro th~ tim~ of tM ~1~ a disposition. lJpon di~position of any Collateral atar tM occu~r~np ot any d~tautt, ih~ ,
Oblpws ~hill b~ ~~d rtmain iointly and stv~rNly Ii~bN ta any defiti~ncy. TM Bank sMll aOCOUnt to tAt MakN for ~ny wrplut but tM B~nk shell h~w th~ ~iyht
~o apply ~U or any part o( such wrplus (a hold th~ sartr es s r~rva psiiut) arW ~d ~II othK liabititi~s o1 ~~ch and any Oblgor to tM Bank. TM Oblgas h~r~-
by v~iv~ sny riphts o/ r~mption aftN de(sult. ;
Al) p~IIN{ ~1~W~ }Or th~ p~yrtNnt s11d COINCtiW1 fNt~Of: (1I ~N to p~y sll expMSa incurnd or paid in th~ prot~ction oi Collat~rsl a iM ~nforp~nt hK~-
of, whethK 1M B~nk is obli9ated tlitnfw w not, includinp ~ttwn~y's f~ eqwl to 109Loi tM amount in d~fsult w wch I~rg~r smount ss m~y De nssa~sWe
for sKVica s~d sxpMS~s incurrad in tM entorc~ma~t hKwi ~ither prio. o~ wbaqu~nt to judprrwnt ~nd wMther in judicul procsedinqs o~ othKwis~, u~d ~Iw
cnose costs, ~xpt~s~t s~d nasortsble atta~y': fNS incu~nd in sp~llate p~oce~dinpt: (2) waiw pr~tment (w paymsnt, dtrn~nd, notic~ of na~-ptyrt?~~t,
~otite ot p?ot~ft snd protast of tAit Not~: (3) tonsant t0 s~d wiiw notic~ of sny snd all r~n~w~lf or ~xtMSior?s of time, wsivett, or rtwdificstiont tlut msy be
grantsd by tM BaNc with respect to the payment a othN p~ovisions of thit Not~ or to th~ rol~ of sny Obligor w the Collat~tsl or any psrt thKeof, wiM or
w~~hout wbstitution: snd (4) sgr~s thst additional mskt~s, endorsers, guaranto?s w wretia msy bscort~e psrtia her~to without notice to them a ati~ctiny thtir '
hab+litY ~?M~wtdN. .
Th~ 8ank m~y st any time in its wte disc~stion comp~omise, settle a extsnd the tims of paymtnt of ~ny oi the demands w oblig~tions, r~pr~senad by any
of the s~cutitias pleclged Aereunder at~d sll oi the pstties liabk tor the paymer?t her~oi hereby tnake, to~titute and sppoint th~ 8ank, his or tAeir [rue and Iswtul ~
attornay fot Mq purpose with tuil powe? ~nd authority to compromise, ~ttM or eztend p~ymw+t of said d~msnds w obli9stions and to soquin, satisfy or d'a-
charg~ tM sams ot recwd w otherwist as the pa~tia lisble for the paym~nt o~ collection hertot mipht or could do if psrsonally prssent. Ths Bank shsll ~ot be
under any ~isbility o? obfiyation to take sny st~ps wf?sttoew~ to fix any liabitity upo~ or to coll~tt w to enforte payment ot sny obligttion pl~d9ed as security
hereur~ whtthK by yivirg aM/ notice, press~tinp, d~minding psymanC, protesting, instituiinp wit Or otAKwis~. '
The Bsnk shall not by any aCt oi omistion or commission be deert~ecf to waive any of its rights O? rertfedies hereunder unlets such waiwr shall be in writing
and siynsd by ths Bsnk snd then onty to the ezte~t specifically set fwth therein; a waiver on one event shall ~ot be construed ss continuing w as a bar to w
waiver of wch ripht o? rernedy on a subsequent event. .
The liability oi each Obli~or shalt be absolute and unconditional and wnhout regard to the lisbility o( sny other party hereto. Any notice shall be wtficient-
IY served u{wn all Obligors by serving wth notice upon any o~e Obligw. TM notice shall be w(ficientty served ii placed in the msil. postage Prepaid. addressed
co, or left upw~ the premises ot any Obligor at any sddress shown on the Bank's recwds.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNO'WLEUGES RECEIPT OF AN EXECUTEO COPY OF THIS NOTE ON THE ABOVE OATE. -
18C05 S. bi. ,~8th Ct. , Ki awi , F'1. 33157 (SEAL) ~
ADORE55 SIGNATURE OF l1AAKER
Cynt~ia L. Male .
(SEAI)
AODRE55 SIGNATURE OF MAKER
ENOORSEMENT ~
In addrtio~ to the tiability ss endorsen, which the unde~signed hereby aswme, fa value reteived and intending to be legally bound, the u~dersigr?ed (and ii '
more than one, ~ch of them jointly and severally) la) hereby unconditanally guarantee the payment ot the nrithin Note and atl eztensions o~ renea,als thereof
and sll sums payable under or by virtue thereot including, without limiqtion, sll amounts ot principsl and interest and all expenses lincluding attorneys fees, '
whgther intu~red in trial or appellate proceedinys) incuned in the tolkttion thereof, the enforosment of rights thereunder. w with respect to any sacuricy there- ?
for and the eniorcement hereof, and vwive presentment, drmsnd, notice of dishonor, protest, notice of protest and alI other notices whatsoever; and (b) consent ;
and a~ee thst they are Dound as Obligon ui+der the terms of snd are wbjsct to all provisions set forth on the taet of said Note as tully as though they were each ~
a Maker tt~ereot, snd to the ezerc~se by the holder of each and every right theroi~ set torth or permitted by law, all without notice to or consent of and without ~
atiecting the lisbility of the undersigned, and turther corxent and agree that any of the undersigned msy be wed by the holde~ hereof with w without joining
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I any of the other endorsers or Makers of said Note and without (irst or contemporaneously wing arry wch other persons, or oMe.wise seeking or proceeding to
~ cotlect from them o. any of them_ _
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' (SEAU
~ - ADORE55 ~ SIGNATURE OF GUARANTOR
ISEALI
AODRE55 SIGNATURE OF GURRANTOR
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