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HomeMy WebLinkAbout0491 llpoo ~M occuire~ce ol an even~ ol detauU, the Bank may inttitua appropr~ats I~y~al proc~i~npt apa~nii tM Obhyon ~o obuin jucl~n?~nt on tM Not~ and/ or •x~rc~s~ ita rphts sod ~~m~dies ~i a s~cured ps•ty u~?Wr tM Flor~da Umlorm Commeraal Cods a otM~ sppl~uble I~w. U tt?~ Bank has GNm~d itaif ~ns~cu~~ o~ upo~ tM occurnnc~ ot a~ ~wnt ot dsfault, ~h~ Bank shsll haw ~M rphi, immW~s~ely and without turth~r ~c~ion by it, ~o s~t ott aQa~nst this Noa ~II mon~y owsd by tM Bank in any capscity to esch ~nd s~y Obliqor, snd ~Ito to set off apiln~t all othN Iwbiliti~t of ssch MakN to tM Bank ~II mon~y ov~d by th~ Bsnk ~n any capscity to ~ach and any Maker, ~nd tht Bank sAsll b~ dKm~d to haw axKCisad weh rpht of »t off a~d to Mv~ m~de a cMrq~ ag~intt any wch moray ~mm~diatNy upo~ th~ occurre~ce ol wc1~ d~f~ult ~w~ thou9h such chsrge is n?ad~ w ~ntaad a? tM bookt of th~ Bank subseqwnt th~nto. Unleu th~ Collat- eral is p~rishabl~ a th~estMS to dsCliM sp~edily i~ vilu~ a is ol s typs customuily sold on s ncopnu~d muket, the Bank will qiw tM MakK nsso~sbk notip of th~ tim~ snd plau of sny public saN th~rwt w tM tim~ star whidi a~y private sstt or any otMr int~nd~d dispositio~ th~rwf K to b~ m~. TM requirs- ment oi reason~bl~ ~otia shsll b~ m~t if wch notip is ma~lad, posta~e pr~ps~d, ~o any Msbr st ~M sddreu grven below a at any othK addrsu show~ on ~he recwds of iht Bank, •t I~ast 5 dsys t~iors th~ t+m~ o~ the sale a disposiiion. llpon dispositia? of sny Collateral a(tK th~ occurr~nct ot any d~t~ult, the Obl~gon sfisll be and rertWin jointly ~nd s~vsnlly IisbN lor sny dtfitie~cy. The Bank shsll sttount to the Maktr fw sny wrplus but ih~ 88nk ~hsll haw the right co apply sll a any part oi such s~rplus (w hold ths same ss a reserve against) any and all other liabilities ot each snd sny OWyw to tAs Ba~k. Th~ Oblgws Aera bY waiw any rph[s ot radsmption aft~r del8ult, All pirtiss liabl~ tot the psyment ar?d collettion hereof: (1) ~gree to pay all expfnses incurred pr paid in the protection of Collate~al w tM en(orce~nent here- oi, whether tAe Bank is obliyated therefor o~ not, including sttor~ey's tees aqual to 10~6of tAe amount in detault w wch larger amou~t as msy be reasonsble iur services and expenses incu~red in the enforcement hereot either prior w subseQuent to judyrt~snt and whether in judicisl proc~adinys w otherwise, and slso thox Costs, expenses a~d reetonsWt attOrney's fees inturred in appNlate ptoteeditx,~s; (Z) wsiv~ pres~ntment tor payment, d~msnd, ~otite of no~-payme~t, not~te ol prOfest and p?Otest Of this NOte; (3) consent to a~d waive notice of any and all renewsls w exte~sions ot tirrw, waivrrs, or modifications thst may bs yranted by the 8ank with ~espect to the payment or other p~ovis~a?s of this Note or to the rekase o1 any Obligo. or the Collsteral or any psrt thereof, wi~A w w~~hout subst~tut~on; snd (4) agrae that additionsl makers, endorse~s, guarantors or wreties msy become parties he+eto without noiice to them or atf~c~ing their Iiabi6tY he~eu~der. Trie 8ank may st any time in its sote disuetion compromise, settk w extend the time o( paymeri~ of a~y of the demands o. obligacions, represanad by any uf [he securities pledged hereunder and all ot the parties liable fo? the payment hereot heraby make, rnnstitute and appoint the Bank, his or their true and lawiul a~corney tor this pu~pose with (ull power and authority to compromise, settle or eztend payment ot said demands or obli9ations and to uquin, satisfy or d'a- cnarge the same of record or otherMrise as the part~es tiable for the payment o~ collection hereof mght or could do if pe~so~ally present. The 8ank shall ~ot be under any liability a obligation to take any steps wAatsoever to (ix any liability upon or to collect w to e+~fwce payme~t ot any obligatio~ ptedged as security nereunde~ whether by giving any notiCe, prese~ting, demanding payment, protesting, i~stituting wit a othe~wise. The Ba~k shall not by any aCt ot omiu~on or commisslon be deemed to waive any oi its rights or remedies hereunder unleu such waiver shall b@ in writing and s~gned by the 6ank an~ ti?en only to tfis 8xtent fplcilicaiiy fCi torth tiierein; a waiver on o~e eve~t si~aii no~ oe construed as contirwing or as a ba? to or wa~ver of such right Or remedy on a subsequent event. The liability of each Obligor sha11 be absolute and untonditio~al and without regard to the liability oi any other party hereto. A~y notice shall bs sufiitient- iv se~ved uPon all Obligas by serving wth notiCe upon any one Obllgor. The rwtice shall be wffitiently se~ved if placed in the mail, postage prepaid, addressacl to, or left upon ths premises of any Obliqor at any address shown on the Bank's records. NOTICE: SEE OTHER SIOE FOR IMPORTANT INFORMATION EACH MAKEH ACKNOWLEDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE OATE. ERIC R. HARi'MIII~I (SEAL4 A SS SIGNATURE OF MAKER pert st, y~~i a} pj~ ~3tS2 (SEALk ADDRE55 SIGNATURE OF MAKER R~BECCJI M. NAICRMN ENDORSEMENT In addition to the Iiability as endorsers, which the unde.sig~ed hereby aswme, for value received and intending to be legally bound, the undessigned land if ~no~e than o~e, each ot them jointly and seve~ally) (a) hereby unconditionafty guarantee the payment of the within Note ar?d all extensions or renewals thereof ~nd all sums payable under or by virtue thereof including, without limitation, all amounts of printipal and interest ar?d aIl expenses linttuding attwneys' fees, ~ ,vhecher incurred in trial o. appellate proceedings) incurred i~ the collection thereof, the enfwcement oi rights thereunder a with respect to any security there- fnr anri tiue ~nfort.ement hwonf anrf wwiya ~?rrconirront, rlwrrwnrl~ Afl}IPP !/f A~tI~M(f/ Mf1fOCfy ...,t~•_• 2r ~•at~* a~ an orhe• ~ot~czs ~rAacsuever: ans! 4h! consent f ' _ and agree tf?at they are bound as Obligo.s under the terms of and are wbject to all provisions set forch on the ~act of said Note as (ully as though they were each ( ~ ~Aaker thereof, and to the exercise by the holde. of each and every right therein set forth or permittcd by law, all without ~otice to or rnnsent of and without ~ a!f~ting the liability oi the undersigned, and turther cornent and ag.ee that any of the undersg~ed may be sued by the holder hereof with or without joining S -:ny oi the other endorsers or Makers of said Note and without tirst or contempaaneously wing any wch other persons, or otherwise seeking w proceedirg to ~ ccilect from them w any of them. ~ ~ (SEAU ~ ADORE55 SIGNATURE OF GUARANTOR s - (SEALI ADDRE55 SIGNATURE OF GUARANTOR ~ ~ ~ ~ ~ . ~ -x ~ ~ ~4 _ t 'f r ~ ~ ~ ! :i= ~ ~ do~ 290 ~~E 49 ~ ~ ~ =y _ ~ ~ ~ -i: . ~ ~ _ . _ - - - _ ~ ~ , wry ~t ~ 7~ ~ ~ ~ K ~~~Y~ Y i ~y-~, a'~.G ~:~.`4~ ~~~~..~f~ ~ ~C.- . 7 ~ ~"'.~.~.i