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HomeMy WebLinkAbout0548 Upon tMe occurrsoce oi an ~v~nt ot d~1sulC, Ihe B~nk may institute ~ppropri~tt leyal procredinps ~gamst th~ Obt~pori !o obtsinjudpment on the Noi~ snd/ ~ o~ ex~~cisa its riphts ~nd remed~as ss ~ ucured pa~ry under;the florids UnJorm Comm~rcia~ Code w other applicsble law. N the Bsnk hss deemed i1seN ins~curt u~ upon tt?~ occurrsnee ol an ~v~ni of d~l~ult, th~ 9ank iMll hew th~ ~iylit, immedi~ttljr snd without lurth~? sction by_it; to sst oil sgainst thii Note sll mon~y owed by iM B~nk in ~ny capacity to each snd a~y Oblipor, ~nd also to iat oll spaiost at1 othir lisbllni~t of exh Mak~~ to th~ Banli all monsy owed by t?i~ Bank i ~n any cspsc.ity_ to, sath ~nd any Nyk~t, ~and th~ Bank thall b~ deemsd lO;A~ve ~x~rtiseci_wch aighi o/ s~t o1f snd_to have msde i Cha~ge spsinit any such mo~~jl; ~n,r~udiately upon tKf occurrence o~ wch dstault wen though.fuch thsrgQ;is msde'a entered onthe books of thl.Bsnk subsequent thereto: Untess the Co11~t•_ - erai is perishsble or thr~atens to dccl~ne speedily in Valus o~ ic oi ~ tYpe tustomarilY ~old on's retogniztd tn~rket~ lhe Bank will.give th~ ~illakqr reasonable notie~ ~ oi ihe timeL~id Place of,aey public sak thereoi a thi,iime ~t~ec wh~ch'an'v v~ivate sate'or.'sriy`othec';njended.d~sAos~t~on ~h•~eor,i, io e» ~„ade.~rn• r.qu~r~i','~: rs~eni .ot •~easonibli iwtice shall be met ii•tucl~ notice ii maifed. posl~pe Prepatd, to iny Maker~st the addreu 9iven'belpw a et sriy other:addreu shown o~ tML : f i _ records~ot ~tA~ ~sok,-st Jeist 5~ dsyi befoi~ the fime-of ~the ss~e or dispos~tion: ~UpQri dispoiition ~oi.ioy~Collslenl atier fhe~octurre~ Eol u+y defduh~Kbet . Ot~i~9ors shall b~ sixi ~ema~n ~o~nily, anil uversliy i~abte fiP.ariy deliciency_TFie Ban~lc shal~accounc io ttie Maker io~~~nV_-wrplui but the 8ink s1ia11 hsv`a the ri9hf_~•~ _ ~ ~o apply alI a•~ny 4srt of such iurplui (o! holil the.sart» ss a~estrve _agamstZ'sny and sU other Iwbilitiei of esch;nd sny Obligor io'the 8an ct.~The~Oblyon herr- ' by waive~nY~iY~?tiot•~edemption'sttei detavlt:' ',t;c-.Ij:L--Eji ~.i~': .I~i = i~i I~i lll ~ Ij~-~l~t~~ i~l^1~1-.tJt ~.151..-.1+'.= ' _ . ~ . e ~It r" ~ 1~. ~•i~ -~~il )i ~~~11."~' 1~~ ~.`_i~1~~J1 .~-~,s~ ~~~ir, ~~.t~ ~-'~tf; t i• -'~~j' All~paniei Iiible~Q~ tl~e p~yment ~and coi~~~,~,~~~r.a~l ~o .~~eXw~~.~n~ur~W or pa~d m the p`rotecUOn o~ Collater~l or the eniorce~nent litri==, _ ~ • --i - 01, rvhether tM 8in1c Js obligated therefa oi not, Inclu'ding aitorney slleet'eqiial~o'10~1jioi !M amount ~n deliult-w'su~i lirgei smount ~s msy: be iessi~n5bf~.' . ~orse~vices~ande~tpensef-incurred,inihee~torce~rrnil~eieo~.eithei~piib?pj,sLbsequen(loJud9rnentarldwheth~t~injuditialprOCeedin~'sorotMe~wise._andalto.';;~ _ i . . ~ ~nose costs~ expenses and,teasonable sttorney's,tees, i~?ciureSf ih appellate proceediqqs :{21;wsivelpresentment,for~sYms~t, demand, ooi~ce_of non-payment, " nat~c~ oi protest and protest oi•this Notl; 13~ co~sent to'an~ waive not~ce oi_any,aq8 stl renewals.w;axlensiori; of.time, waiyers, or modificationi~that msy be' granied by the'Banlc.witl+ respeet.to'~he.psymenf or other provisions`oi this Note o~to~ihe ~Neaseot iqy Obl~,~i jhe,Coll~te~al,or sny'part thereoi,_with o~ w•~tnout subst~tution; pnd;l41 sgreeihat add~tionsl makers; endo~se~s, 9uarantoii oi suret~es msy_baiome pi?i~es Fieretowittiout notice tQtham_or efiec~ing th~i~;. : i~eb~iii ~he r~i+dt ' _ ' i _ _ _ ' ~ ! _ ' _ ' - - _ _ ; ~ ! 'ir _ . . v < ~1:3 =---i~f~_~1~R~---~i;~-- '<<, i: ~il~ ~+i: iF~ ~~i ~ I~i-~ISi---~~~t-- ~ ~ The Bank. msy at snY`tiine in iis sole discjeu'on compromise, ietile o. eictend the tirrie of payment,o~ en~ ot thi demands.or obligatioris~ represented by any, ot 2he securities pledged Aereurid4{~arid ell ot,the~parties liable fo~ tAe Paymcni heieol heretiy make coostitute and sppoini the Bank, his or thei? true aod lavriul • _ ai[o~ney Joi, this purpdse with TullPowef-'i~ suthoiity~to compromise; utUe,or eztend paymen~ ot said demandi w'obli9atio~s and to acquire; satisty a_d'a-~. cha~Qe the same of record~or=otAerw~si~is~tlib~pxtie~.l'iab~i lor.the payment Or collecaon fiereoi might o~ tould do:ii.pe~sonally preseDt. jhe 8ank phall oOt be",= ~ ~t. •1~ ~ • , - - " - ~nde~ any I~abllity' or.obtig~tioh-t~iia'k~ ~n~tteps GrhltsQev4~ 3paix sr~yliabltity upqri or:tQ collector to enlorce paymenf ot any obligafion pkdgecf as secunty= 11 ~ - hereundrwheiherbll..9ivingany~nQ'i~ce.piesentinp.der~iinding`P~Yrtjen4pr4tsitir~g;init~u~ingw~tO~oihcryvise.~; ~~:!,_~i!_ t~`~-ti~~ The Bank sh~ll no! by ariy act ~ot amiuion_ortcommissio~l;be-deemed•~o' ~va;3~lanY lot hs •`nphts or`remedies.hereunder unless such waiver sAall be'in iiwiting'_ ~1! ~ - and sig~ed by the 8ank and 7heo,onty to ihe exteot ipeeificalf~"seY toiiA ~herei •a wiivlr on one.event shall not ~be construed u co~tinu :R9roi .ai a 6ar.to or. ~ . ' + ,F _ _ _ - t ' : ~ ~ . ~.3•_ ; ~ -r i - wa~ve+biwchriphtdremedyones~bsequent~ve~tii~~--~i)I=~I:i=1+t=~I1~=-1~1~={~~^"1j't'-~I~3-1~l-~I~t-- {E~•--~it4~-='i~t~=~ - . ~i~ -e. _ ' ~ . ~ ~ _ [ - : The liability of cacb Ob~igw shall be absdute and unconditional arid,witlio~Clegard2o'theJiabi~ify_ot ariy_o~AetpS[ty f~eiato; Any, iwtice sha11 bc suffitient- ~ - ~ iy~ se~ved upon a~1.ODl~gors 6y seniing such r+otice upon any one Obl~goi_ ~he ~+ot~ceahall be sufticien'tly served~f placed in thema il, posta9e prepaid; addressed " r 7~1-- :f i!t" i;: -ij0 , it• to. or Iett upon the premises ot any Obligor et sny addreu shown on'the Bank s records.. " t~ t~~_~• - s = . - _ . - ---~;j~-t;!=-tt+~'~~:~'},~`'~F:: 'i;+-':+.~'--'~s~--~=~~'---'if:--'~;~~ ' - - :t'-- -NOTICE: SEE OTHER SIDE.FOR.IINPORTANT,INFQRMATION ~~t: ~i~j~-~~i~~. ~;t:~_~-t. ' . , - - • ~ t . .:1 a.~4!,'i•i ~TFi..l1~-~i~"~'~1~~'_~;i+ (j: -d'!~ •~lS•~' •i•s~...•tff"_vt'•~•+`'~'~~-_~• EACH MAKER ACKNOWLEOGES RECEIPT OF A CONFORME~ COPY OF THISiNOTE ON THE ABOVE~DATE.s~"~'~!t ~'~i~:~'~!~'~ _ =:i ~ ~ - ~ . " - '•~i'•- ~-~i1~~~_~~;3~'^~s~t~'t~~~-~fi~'~~iii' •t1 _•l~'- i: - - -i~~~=.~• - - ti; t ,t.~~= ~ = ~i: t t: t!; .,1=';"~~~ . _ i~: ~ _iFi~- •7~~ ~'i:j•~'•~;t•~ -•Ij i~.. ~i+_ ~_~~[t~ •~~r .t " `i• _ ;l~ 'y• ` i~, _ _ ~ e= •;:~'--.•1~:=•t':~~--iii~-t}• _ t, _ •Tr~=- _ ' ' _ . ~ . " . •r, ~ i:~ '•1!• _:~7}~ `~tl! ~ {*1 ^ + .l~;:'~ :.'~•1_ j / ' ' - . _ 1638 EmYSassy. br.--~ln5 ~'j''-~1=`•~_ -~{e'~~~;'i---- I:i~" . ~ •ISEALi ~ . " ' - , _ ~ ~ y AQDRESSi ~ I~j:~ ~~i Ii~ = ~ti""ly~~ ~{1 ~•~jl ~ SIGNATURE,OF MAK - = - ' = - . . .~k f-_ 4,~ ~ w.1} ` i~ ~ tan7ey~~. -Trahan-- ' _.i- ' . i` - . 'Ylest Palm~each,'-F~.-~•3340~9.t3^-i ! i e , !':`t '(SEAC) t~ • - - . - - AUDRE55 - ~ ' - -.j}1 ` ' ~ ` 'SIGNATURE"OF MAKER - - , = ~ _ _ ~ " • _ Ei. • _''i~~.-l4~•--~•?ti~.--~11•=•i~~~-~ii2~= ~1ii-- : ~ -.c 'j: • - ' `i'- ~ - • . - _ . •i: _ - f: = tf~•--,1'~•= ~ •fi!^-'{' ii !3;= ~i: i~ _ _ _ ' ~ _ - - • - ,i: _ - --4ft•-•i:t~' ~ - :i~ : ';s~_ _ - • . - - - _ ~t;~'_- ~ENDORSEMENT-_~;:~- ~it~~-~i" - ii: * ~3:_~t,;= ~iij^~.: - .+i'_ ~1 , . . , _ - - - - - - - - r• In addition.to the liability as endo:sers, which tf?e unde.signed hereby.aswme,~lwralue.receivedandintending"tobelegallybound,~theundersgnedtandif_~.;•~: ' r-r~+e than one, each oi "them jointly a~d severallyl (a) hereby u~conditionalfy.guarantee the payment of_ tFie withi~ Note.and ef) eztensions or rcnewals thereof, ~ ~ and all sums payable under orby~vutue thereoi including, without ~limiution, a1l.amounts~f priocipal andintereit aod all expenses l+ncluding attorneys' fees, ~ .tihether incurred in trial a appeUate~p?oceedinys) inc~irred inthe coltection thereoi,Zhe enforcement oiiightilfiereundv oi with respett.to aoy~security there- - ~ tor artd the ~nforcement Aereof, and waive presentrnent, demand; noticE of~dishonot,~protest, notice of protett and all other notices whetsoeveT; and (bi tonsent ~ and agree that •they are bound as Obl~go~s under the terms of and are wbject to all provisions set forth o~:tF~e fsct of said Note as fulty as though they were~each _ ~ ~ hlaker ~hereof, aod to the exerc~se by the~olderot each aod every right therein set forth or permittedbylari, all without notice to or consent ot and without _ aifecting the ~~ability oi the undc~signed,-and further consent a~d agree that any of the undersigned may be wed by the?~older'hereof with or without joining ~ an~ of the other endorse?s or Makers~oT,said-~Jote end without~Iirst or contempwaneously wing sny wch other persons, or otherwise seekiog a proceed~ng to ~ co!tect (rom them or any oi them. - r = i_' = - ~ _ . - _ - - . - _ - _ _ _ _ - . _ . _ - • _ - _ _ t~~ ~ ~ ti ' - - - - _ - . - ~ - " - - - . ` • - - - ` - _ _ _ - _ _ ISEAU _ _ . ` _ . - - - _ _ - _ A~ORESS - SIGNATURE OF GUARANTOR _ - ~i: - . - ~ - • . - ~i~ , ~ } - . . - - . - - . . . . - . " _ISEALI - - _ . . - _ - - - ADDRE55 - - ~ ' - ' .SIGNATURE OF GUARANTOR: ' - . ' . ~ . - . ' i. __ii ~ 't!_~~! _ i~:_ ~ . " - ~ . . - . - . - . _ . _ ~i. _ ~ " - ~ _ _ ; - - - : . ~ " ' _ _ - _ ~ _ ~ _ - . ' _ li~ 7.= ~ _ ~ ~ - - - - - ' _ - . . ~ _ - - - ~ - - _ ~ - . - - .7-~~' ~2' _i~' _-i: - --'ir_~1 - : • _ _ ~ _ - • - _ _ . . _ ~ - _ " ' : . _ •j. - ~ . ~ . - - - ' ' - " - . - - _ - ;i: - - _ ' : - _ _ . _ ' ~ - ' - - • _ _ _ _ ' - - _ _ - _ - -~it! - ' _ _ . _ _ ~ - _ - ~ - - - , _ - _ - = - ~ - . _ ' -t ll,~ _ --•i.~ -,i~i ,i~: . - ~ ~ _ ~ _ j: _ _"_.~1:-T.t. ~.i. _ . _ !i: - - . :j~ f i1~ ~•ijf~~ i:s•~,~t i: -li: - : . ~ ~~i _ - _ _ = ~f' = ~j - - _ ~1~ : - _ tii ~ ~1s~` - ' - -~1~~~ •~1:~-- 1i' - _ •~~4._ ~ ....•~il_~ cf•~•~' ~ ti~'~'~~ ~ i:f•.`_.~",' -•i~ ~ t!: ~ i: ' ~ ~ : -.i;i`- -.1~:'~_ :;'.r..iii._.~it• ~~j _ - _ . _ . ~~i•~'~1~ _ ~ Sr' •~?I••"'' t' ~ i' . ~J~ _ 1,*._ •1;~ ~ •l. •~t~'-•~i. ~ ~ - .}t~- . . _ . _ ~ _ ~ - . ~ .j' . ,r' ' _ ~ ' ' ~ - ~ 'S. _ .ir•_ ' s . _ . • . - - - ~ •1 ~ ' ~ _ ~ _ ~ - - .t•' . ' ~ ~ . ~ ~ • _ . . ~ 1 . _ _ ~y . . _ - ~ • = ~ _ _ • - _ _ _ . ' ~ - _ ~ _ . t ~ • - ~ _ ' . ' ~ ' _ . . . Y _ ' ~ . _ _ ~ _ . _ ~ ` ' ~ ' ' _ ' ' ' - -1' " - . . ~ - - ~ ` ~ _ ~ ~ ~ - . ~ _ . - 3 ~ ~ . _ - . . _ _ ' _ _ _ . . . . . . . • ~ ~ ' ~ ' ~ _ " • ~ _ ~ - ~ _ • ' ~ • ~ _ ~ ~ _ . ~ . " ~ ' . ~ . . . . . , . ' . . . . • - ~ ~ ~ . _ _ _ . . . . _ _ _ ~ . ~fe~+~ _ -a .aa.-. r . . . _ . ww_~..-.+~~i~..4s.