HomeMy WebLinkAbout0606 Upo~ tM ootv~n~ ot ww?t of d~tault. tM Bsnk m~y iratituq app~opriaq IpN {xOCMdinpt ap~imt tM Obfi~as to obt~in judpiTMnt o~ tM Noa ~nd/
or ~xKtiM itt ripht~ ~nd nm~di~t q ~ Ncund party und~r tM Flaida U~iform Comrry~tial Cod~ a oth~~ applitabl~ I~w. 11 tM 8ank hss d~?Nd itMlt in~tun
o. upon tM oocurnna of an w~nt ot d~f~ult, tM Bank sAN1 Mv~ tM ryht, inur~di~tNy ~nd wid+out fur[Mr action by it, to wt off ap~irat thb Not~ ~II mo+?~y
ow~d by tM 8~nk in anY c+MCity to Mch ~nd an1? Ob~qor. and Nto to ~t o(f sp~inst all othK li~bilitip ol Nch IM~kK to th~ Bank NI nwMy ow~d by th~ Ba~k
in ~ny c~p~tity to NCA and ~ny Miktr. ~nd cM 8ank dN11 b~ d«m~d to~hw~ ucKCi~d wch rpAt of Wt ofl ~nd to haw m~d~ ~ darp~ ~iost aey wch mon~y
+mm~d'at~ty upo~ eM ooeu~raeo~ ot wd~ ddwlt ~wn thou~ wd~ eha.p~ is rnad~ a~ntK~d on tM books of ~1N 8ank wb~qwnt M~.~to. Uolas tM Co11at-
eral it pKishabl~ ot thrNtMt to d~tlit~ tp~~dily in qiw o~ it o1 ~ tYp~ tustom~rily told on ~ ~KOpni:~d muk~t, tIN B~nk will piw tM MskK rNwnabb notiq
01 ~h~ tirtw ~xf p1~a ot ~ny public aN tMr~oi a th~ tim~ ~f~K whid~ sny p~iv~a ~N a anY otMr incK~l~d di~paition d~wt h to b~ m~. TM ~puir~-
ment ot ~to~wbN notia sh~ll !i~ rtwt it wd~ notia is mail~d. posaq~ Prpsid, to any N41ur ~t tM ~ddrta yiv~n bNow or at ~ny otMr sddr~u shown on tM
records of tM 8ank, ~t Msst $ d~Yt b~fon tM tim~ of th~ aM or disposition. Upon difpo~ition oi u?y Collst~~N ~itK th~ occwr~np of any d~fault, tM
Oblipon sMll b~ and ~Nroin jointly ~nd t~v~rally IiabN for sny d~titN~cy. TM Bank shall sceount to tl~ Mslc~r tw ~ny wrplus but tM Bank sha11 haw tM riphl
co apply ~II o? any part of wcfi wrplut (a hold tM s~ as ~ nstrv~ apsinsd sMl Md +~I oth~. liibiliti~s of ~ach ~nd ~ny Oblqa to tM Bank, Th~ Oblipcm h~n-
by w~iv~ anY riphq oi ?~mption aft~r d~tault. '
All puti~s Ii~W~.fa tM payrtwnt snd colt~ction h~rwf: (1) W~~s t0 paY i~l ~xpN~qs inCUr~~d Or piid in ifN pPOteCtiOn Ot COllatfr~l Or the MfOr~lf~t hN~-
of, wh~thK tIN Bank is oblgatad thK~for o? mot, includi~g attornty's iNS ~qwl to 10%of tM ~mount i~ dtf~ult or wd~ lary~r smount a may b~ nsfo~sW~
tor s~~vica aed ~xpN+s~s incurrsd in tM N~tapmMt herwf ~itMr pr'ar a wb~eqwnt to juclpnwnt ~d wh~cMr i~ judicisl proasdinps a otMrwise. snd sbo
thos~ cosri, txperoK snd r~afpnsbl~ ~tto~n~y's tMS inCUrnd in appell~te procNdinps: waiv~e presentm~nt (w piymtnt. dtms~d, notip of no~~psymtnt.
no~ip of p?otat and procest of this Nots: 13) consa?t to and waive notice o/ any end all r~newsls or ~xtensions of tim~, wsivers, a modific~tions tMt may b~
qranad by tM Bsric nrith nsp~ce to the pav~~t or othK provisions of tha Note or to ch~ n1w~ of any Obligo? w tM Collat~ral a sny psrt Mawf, wiM w
wi~hout wbstitucion; ~nd (4) apne ihat addition~l m~kKS. endasa~s, y~w~ntors or wr~iip mw, b~come p~rti~s Mnto without notioe to tMm a afhctinp tMir
Iiability hK~undK.
Th~ gsnk m~y ~t any ~ims in its sok disuetia? compromis~, settk a exceod tM tim~ of payma?t of snY of the demsnds or obliy~tio~s, ~~~sent~d by aMr
ot tM s~cwitia pbdg~d herwt~r end ~II of the psrties Ii~bN for tM psYment herwf hereby m~ke, corntitute and sppoint the Bank, his or th~ir trw snd Iswful
at~ornry for thit purpose with full powsr aod autAOrity to conwxomise, settl~ o? extend paym~nt of ssid d~mands or obligstions and to aWuin, satisfy or da-
charge the ssms o( rxwd or othKwise ss the partia liabM for che payrt~ar~t a collection htreof migAt or could do if personslty present. The Bsnk shMl not b~
unde. any liability or obliystion to tske sny st~ps whatswver to fix any liability upon or to collect or to enforce payrr~t oi any obli~tion pl~d~d s~ security •
nereuntlK whethet bY 9iving sm? notice. P~e~enting, d~m~ndinp psyment, protesting, institueing wit or otherwise: ~
7'f~e B~nk ~hell nOt by enY sct of omi;sion w Commission be deemed to vwive any of its rigAU a remedies hereundlr urtless suth waiwr she~l be in writinp
and sigr~i by the Bank and chen o~~y to the extent specificAlly set fwth therein; a waiver on one event shall not be construad u continuiny a~ a bs~ to.w
waiver o! wd~ ripAt or r~rt~edy o~ a wbsequent eve~t. ~ .
The lisbility oi e~ch Obligor shall be absolute and unconditionsl and without regard to the tiability of any o[her party he~~to. My notioe shsll be sufficient-
IY served upon slt Obligon by serving w~ notite upon anY ooe Obligor. The not~oe shall be wlficiet~tly se?ved if plated in tha mail, postage prepaid, addresied
to, or leh upon ti+e prem~ses of any Obligcx at any address shown on the Bank's records.
NOTICE: SEE OTHER SIDE FOR IMPORTAMT INFORMATION
EACH MAKER ACKNOWLEDGES RECEIPT OF A CONFORME~ COf'Y OF THIS NOTE ON THE ABOVE DATE.
. `
335 ~l0 2 St ~seA~~
~ AODRE55 SICaNg~t1R~E OF MAK
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AODRE55 ~i,~~ ~S:GfyATURE_OF MAK
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END~RSEMENT "
In addition to the liability as endwsers, which tAe undersigned hereby aswme, tor va~ue reteived and intending to be legaily bound, the undersignsd (and if
more than w~s, each of them jantly and severally) (a) hereby unconditionally ~ua?antee the payment of the within Note a~d all extensions or renewals thereof
; and all wms psyable under or by virtue ihe~eot intluding, without limitatio~, all amatnts of principal and interesc and all eupenses (induding attorneys tees,
~ whetl~ i~xurred in trial or appellate proceedings) incurred in the tollettion thereof, the enforcertient of riyhts thereu~der o? with respeCt to any s~airity the?e-
~ tor and ths enforcement hs~eof, and waive presentment, demand, nqtice of dishono., p~otest, notice of p?otest and all other notices whatsoever; and (b) consent
and agres that tMy are bourxl as Obligors under the te~ms oi and are wbject to all provisions set forth on the isct of said Note as fully as though they were ssch
~ a Maker thereof, and to the exercise by the holder of each snd every rigfit therein set forth or permitted by law, all without notice to or consent oi snd without
aifecti~g tMe lisbility of the undersigned, and further coroer?t a~d agree that any of the undersigned msY be wed bY the holder hereof with or without joininp
any of ihe other endorsers w Makers of said Note and without tirst or contertiporaneously wing any wch other persons, w otherwise seeking or prooeeding to
collect from them or any of them.
(SEAU
AOORE55 SIGNATURE OF GUARANTOR
(SEAL)
AODRE55 SIGNATURE OF GUARANTOR
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