HomeMy WebLinkAbout0495 lhwn tM oocur~~nc~ of ~n w~nt o( d~fwlt. tM B~nk m~y ins~i~u~~ svwov+aa ~ o~ocNd~rws sp~in~~ ~ Obii~i ~o obuie judpm~n~ on *.h~ Nou and/
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o~ •xaciM itt riphts ~nd nm~das a~ s~cund p~rty u~ tM ~firid~-t7nHam ~omm~rci~l Coii~ a otFri pptiubt~ Isik: 1t tM Bar?k hai d~ ttw iraKVn
or upw~ tIN oeewnnq ot an wtnt of d~fsult, tM B~nk MNI Mv~ tM rqht, imrtNdiuNY ~nd withaut furtM~ ~ttion by it, to ~t of/ ~pei~t thit Noa dl ma~y
owed by tM BN~k in ~ny c~p~city to wcA ~nd aiW Oblqw. u~d ~Iso to t~t ol/ p~itut a11 othM lisbiliti~t of u~h IN~kK to tM dMtk ~II mwNy ow~d by tAS Bsnk ~
~n any ctp~city to ~aeh ~tW ~nY 1N~kp. ~nd th~ Bank shdl b~ d~trMd to Aav~ ucKCifrd wd+ ripht of Nt off ~nd to Irv~ n'Ndt s tM?y~ ap~imt any wth mon~y
~mm~diatdy upo++ M~ oau~r~nq ot wd~ ddwlt ~wn Mouph wd~ cNsrp~ it m~d~ or tnt~nd on tM books of ~hs Bank wbs~qu~~t tMc~co. Unl~a th~ Collaa
e~al is p~rbl+able a thrqt~u to d~ct~n~ spe~dilY in vslw or is ot ~ typ~ cuttarwily ww an ~ noopni:~d nwlut. tM 8a~lc will yiw tM IWkK rwwn~bN notia
oi tM tirtr ~nd plact of anV public ialt tMnof o? tM tim~ dtN whieh anY Priv~q aN a~nY othK inund~d d'apwition thKwt b to b~ nwtl~. TM rpuin-
meni ot rwon~Db notia fhall b~ m~t if weh notiq k n+~il~d. postap~ P~~paW, to any M~lur ai tM addr~ yiwn bNow a ~t iny othN ~ddr~a ~howe on tM
recadt ot tM 8snk; at luatt G diYS btfOn tM tim~ of tM s~l~ or difpofition. t~iwn di~po~itiotl of ~ny Collst~ql ~(tN tM otcurr~no~ ol any d~tault, tM
Obfiyoa sh~ll b~ and nrn~in jantly and s~wrslly liabl~ for any dNici~ncy. Tln Bank shatl acoount to tlr h4kp for ~ny wrplus but tM 8ank d+Nl hav~ tM rpht
co apply ~II a s~y pat ol wet~ wrplui (a hold tM urtN a a r~w p~inst) uW snd sll otMr Ii~Diliti~s of ~ad~ and sny Oblgor to ch~ li~nk. TM Oblqas he~r
ny vwiv~ sny ~ipha of .~mption .hu ddwlt. •
A{I panip Ii~W~ tw tM WVm~nt +nd coll~ction AKSOI: 11) sprN to psy ~11 ~xp~nsq incurr~d w p~id in tM prot~Ction of Co11~t~rN or tM ~nforppf~nt h~n- ~
ot, wh~thK tM Wnk i~ obli9~t~d thKSfa a not. includ~np ~tto~n~y'~ tNS ~qwl to 10%of tM smount ie d~l~ult a such bry~. ~mount ~s may b~ rwonsW~ '
fo~ serviea iod sup~nsa incurrad ie tM eotore~mMt herwi ~ithN w~o. w woss~u~n~ co juciy~n~n~ a~d wMtha in judicial proc~edinps or otMrw~s~, and slso
thase cosri. sxp~nf~s and ~e~sonsW~ steo~ney's f«s i~curred in spp~lqt~ prop~dinps: (2) waive praM?tm~ne ip psyintnt, dem~~d, notia ot non~paymtnt, ;
notice of ptotpt and prot~st of tAis Not~; (3) cw~s~nt to snd w~iv~ notiq of any and ~II r~rNwsls o~ ~xtMSions of tim~, wsivNS, or modiiicstions thai msy b~
9~an~ed by th~ Ba~c with respeet to tM psym~~t w otA~. provisions af this Nob or to th~ relsas~ of ~ny Oblipor a tM Collatersl o~ ~Mr psrt thK~of, wiM a
w~~nout wbstitutan; and ap?N ch~t xiditai+sl maken, ~ndor~r~, pwnnton dr wruia msy b~come p~rties her~to without notic~ to tMm a ~t(~ctinq tMir
I~ability 11Klt111d~t. .
The 6aMc m~Y ~t sny time in its soN discntion compromi~, s~ttN a ~xteod tM tims of p~yrtknt ot ~ny ot the d~minds a oblystions, rprts~nt~d by any _
of the ssturjti~s pqdp~d Mnund~c snd all of tht p~ties IiabM for ths psyment Mrtof A~nby.m~k~, tonttitutt and appoint tM Bsnk, hls w tMir tru~ and lawiul
attorn~y fot tAis ~wrpoi~ with full powK ~nd autAo?iq to cortptomise, settle or exttntf paymsnt of ssid dNnsnds o~ oblipations snd to ~oquire, ss~ishr or dis- ~
charga the ssmr of retwd or othervr~s~ ~s the psrtias IisbN fa tM paym~nt or collectio~ hartot might or tould do if p~rsonslly prese~t. TM Bank shall not be
under aey liability w obliqation to tak~ any step3 whstso~wr to fix sny liability upon or to collsct w to enforce paymMt oi srry oblipstion p1~dgM! st s~turity
nereurdN wNethN by qiving N~y notitt, prefe~cinp, d~msnding psyrtNnt, protatirg, iixtitucitg wic a otharwis~.
Tha Bank shsll not by any sct ol omiuioo or canmission bt de~med to waive any of its righn or remedas he~eurxler unless such wsive~ shall be in writinp
and signed by the Bs~+k and then a?IV to the extent specificslly fet tath tAere~n: s wai~er o~ one event shsll not be construsd as continui~g or ss a bar to or
~raiver ot wth rphcn~ reaNdy on a wbsequent fvtnt.
T6e lisbility ot pth Obligor shall be abtoit?te snd unconditional end without regard to the liability of any other party hereto. Any notice shsll bs tu(fitiMt-
IY served upon sll Obligors by servinp tuch uotite upon any one Obligor. The notioe shall be wffitiently servad if. plaCed in tht msil, posuye Prepsid, sddrest~d ~
co, u. left upon tM premises o1 any Oblpg at ~y sddress show~ a? the Bank's recwds.- ;
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~ti NOTICE: SEE OTHER SI~E FOR IMPORTANT~ INFORMATION -
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EACN MAKER ACKN0INLZDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE OATE.
FREDRIC WILLU~i WHEELER. J~t.
9436 3. Ksria Str~~t ~sEnu ~
ADDRESS ~ SIGNATURE OF MAKER
Hobe Sonad, Florid~ 33455 isEAu X -
ADDRESS SIGNATURE OF MAKER
LYNETT KAY WHEELER '
ENDORSEMENT -
I fn addition to Me liability as e~dorsers, whith the undersigned hereby assume, tor value reteived and intending to be legally bound, the undersgned (and if
more thirl OM, each ot them joinNy and severallyl (a1 hereby unco~ditionatly guaran[ee the payment of the within iVote and all extensions or re~ewals tf?ereoi
E and all sums paysbls under or by virtue thereof including, without timitation, all amounts ot p(incipsl and interest and alt expenses (i~cluding attwneys' fees,
whether incurred in trial or appellate proceedings) incurred in the collection therepi, the Mtorcertient of rghts thereunder or with respect to amr saCUrity thsre-
ror and the enforeement hereof, a~d vaive presr~tment, dertwnd, notice of dishor?w, protest, i+otice of protest and all other ~otices whstsoever; and tb) co~se~t
{ and agree tAat N~ay ae bou~d as Obligors under the terms of and ere wbject co all provisions set forth on the fact of ssid Noce ss fully as though chey vrere each .
~ a Maker t0~aaot, and to the exercise by the holder of eseh snd every right-therein set torM or permitted by law, all without notice to or consent of and withwt
[ aftecting the lisbility oS tMe unde?signed, and turthe~ corae~t and aprte that any of Me unde~signed may be wed by the holder hereof with or without joining
f any of the other endorsers or Mskers oi said Note and without iirst or conternpwaneously wing a~y wd~ othe• persons, or otherwise seeking or p?ocaeding to
~ collect from thenl or any of them.
E
~ (SEAI!
~ - ADDRESS SIGNATl1RE QF GUARAtYTOR
ISEAL)
ADORE55 SIGNATURE OF GUARANTOR ,
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