HomeMy WebLinkAbout0888 Upw~ th~ occu~renc~ of ~nt of d~fault, tM 8ank m~y institua ~pp~oWia[~ 1sqa1 procMd,r?Qs sq~~~rt th~ Obl~yws co obtain jud~nt o~ ~M Nou snd/ .
o~ ea~rc~ its rights and r~rtrdi~s u a s~cw~d p~rty undK tM Florid~ Unifam Comrt?~rcisl Co~ p ot1+M ~pplicaat~ law. 11 tM Bs~k h~s de~m~d iWlf i~~cur~
o~ upo~ tM occw~~na o~ ~+t of d~bult, M~ 8ank sh~ll hw~ tM rqht, imm~d~atNy and wiMout furil+K actio~ by it, to s~t off ~:n~t [hii Noq sll mon~y
o,ved by tM Bank in any cspacity to wd~ and any Oblipo?. ~nd also co at of f apainst ~II othN Ii~bilitiM of ~ad~ MakK to tM Bank sll mon~y ow~d ~y tM 8ank
~n any c~p~city to ~ach ~nd any Mak~~, snd cM 8ank shsll p~ dKrn~d to haw ~xKCis~d wch riqht ot ~t off ~nd co Mw mad~ a chary~ s9ainst ~ny wcfi moe~y
~mrn~dNL~1Y Yp011 th~ OCCUf~f~lOf O~ fYC1? ~}~Ylt M11 M011~I~ {YCh C~1i~~ t3 fTf~~ Of ff1tK«) 011 thf DOOki O~ th1 Bi111t fYbNqU~11t thN~lO. UAIf!/ LI1~ COII~~-
erat is pN~~1+ab1~ o~ th.~st~m to dalin~ ~q~dily in v~Ma w i~ 01 a typ~ customarity sold on s ncopni:~d rtn~k~t, th~ B~nk witl yiw t!w Msk~r rpson~bl~ nouu
ot ih~ tim~snd plau of ~nY public sal~ tM.~ol or th~ tim~ aftN whieh snY Privaa sal~ a ~ny otM~ intN+d~d ditpositia+ tM.wf b to b~ msd~. TM rpui.«
ment of ~ta~o~bi~ ~wtiq thall b~ rtwt if wch notip it tn~d~d. posb~ p~ps~d, to sny MakK at th~ sddr~ss 9~v~n b~tow or st sny othK addr~ss shown pn tM
recordt Of tl?~ Bank, ac Na:t S days b~ton tM tirM ot th~ s~M o~ d'apos~tion. Upon di~potition ot ~ny Collsarsl ~feK tM oocurnnp o~ any d~fault, th~
Ob!igws shall b~ snd r~main jointly snd swtritly lisbi~ for anY d~fici~ncy. TI+~ Bsnk sAall ~ttou~t to tM M~ka for sny wrplus but tM Bsnk sAsl) hsv~ tM riyht
to apply sll w a~y put of wcA wrptus (or AoIA N+~ surn u a r~~w again~t) sny snd a~l otAK li~bilitits of ~ad~ and s~y Oblpor to tM Bank, TM Oblipors hN~•
by wa~v~ sny .igha of r~mpcion ah~? d~tsult. '
Al) pKtl~ liibl~ tOf thf piyrtlMlt and OOII~CtIOfI Mt~O/: IlI ~N t0 piy ill ~xpMfp IIIC1lf~ O? piid if1 t1N p/Ot~CtlOf1 O~ COllitqil OI tM M~O~Ol~11~f1t A~
of, wA~thM tM Ba~k is obligit~d tM~~fo~ pr npt, indudinp ~ttou?~y's t~s pwl to 10%of tM ~mount in d~fsult a wch la?~. smounc ss msy b~ nsiorybl~
sor sa?vic~s and ~xpens~s incurr~d in th~ ~nto~c~mtot hKwf ~ith~? piwr or wbspwnt to jud~rrNnt snd wMthK in judicial procs~dinqs o~ othKwis~. and~to
tnose oosts, ~xpens~s ~nd rNSOn~bl~ sKOrMy's fNt inturhd in spptllat~ protNdinys: (2) wsiv~ pe»rtcm~nt fd payrrnnt, dtm~nd. notict of non~paymi~t.
noc~ce of prot~st snd p?ot~st ot this Notr, (3) consa+t to ~nd wsiv~ notic~ of any and all nn~vwls o~ ~xt~nsions of tim~, waiv~n, o~ modifications Mat may b~
g~anied by th~ Bank with nsp~ct to tM wY~t a othN provisions of this Not~ or to th~ nbsse of sny Oblipw or tM Collst~rst or sM? psrt thKeof, wich or ~
w~cnouc substituCan: snd (4) agn~ tA~t sdd~tional rtrken, endorsas, y~wantan or wn~i~ msy b~com~ parti~s hK~to wichouc no[ip to [h~m or afi~ccin9 dNi? ~
li3bltity h~ffUfldff. . .
Th~ B~nk rtfay st sny tirtr in in so1~ d+scretion compromis~, settM w extend the t+n~ 01 paymtnt of sny of tM dem~nds or oblig~tions, npnaMt~d by s~y
of th~ s~cwiti~s pladged herwnd~~ and sll of tA~ p~rti~s li~bl~ tor th~ payment her~of Mnby mak~, toiutitut~ and appoint th~ Bank, Ais or tMi~ trw snd lawful
atco.n~y for this purpos~ with tull poww snd wthwity to Compronni~, settM o? ~xt~nd psyre»nt oi ssid d~rtqnds w obligations a~d to ~cquirt, s~tisiy ot dis-
cnarg~ th~ um~ of reco.d or othuwis~ as tM psrti~s IiaW~ for th~ psym~n[ w coll~etio~ h~nof mipht w could do if p~rsonslly pr~tent. TM Bank shsll oo[ b~
under any liability o~ obligation to ak~ sny fteps wh~qo~vM to tix sny liability upon w to Collett O? to Mfprq paymant of any oblgition pNdpd a t~CUrity
hereundM wh~ther by 9ivinp any notict. pr~s~ntirg. d~rtrnding psyrrfe~t, prot~stinp, institutirg wit or otMrwist.
The Bank sh~ll noc by sny sct oi omission or oornrni~sipn b~ dNmed co waiv~ sny of iq ri~ts or nm~di~s MrwndK unl~ss wch w~iw? sh~ll b~ in wricinp
and sign~d by th~ Bank and thM on1Y to the ~xt~nt tp~cifically s~t torth therein: a vwivK on on~ ~nt thsll ~ot be coosbwd as continuinp w as s bu to w
waiver of weh ri9ht or ~ttrndy on s wbt~quent w~nt. '
Th~ lisbility of each Obligor shNl b~ sbsoluN a~d unconditionsl snd wiMout regxd to tM liability of any ot1+N puty hM~to. Any notiq sMll b~ ~uffici~nt-
tY xrwd upa~ all Obligon by s~ving wcA notitt upo~ snY on~ Obli~or. TfN notip shall b~ wHicisntly sKVed if plsted in th~ msil. postsp~ p~~psid. sddnswd
co, or lefc upon che pnmisp of sny Obligor st sny sddr~ss shown on tM Bank's nco?ds_
NOTtCE: SEE OTHER SIDE FOR IMPORTANT INFORMATtON
EACH MAKER ACKNOWLEOGES RECEIPT OF A CONFORMEO COPY OF THIS NOTE ON THE ABOVE OATE.
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E ' ADORE ~KS~G URE OF M ER e
~ i _ 1~u?ic~ ~T. 33452 ISEAU ~ ~ - ' ' ' • ' . ~~-'~1JS'7 G~ir--J
~ A~DRE55 J~~ ~SI N~F MAKER .
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ENOORSEMENT ' ~ y ' ` ' ` • '
~ I n addition to th~ liability as endors~n, which th~ unde+sigrnd hereby sswrrn, for vslu~ noeived ~nd inte~rling to be Nyally bound, th~ und~rsgrnd (snd if ~
~ more thsn on~, ~ach of thkn jointly and severslty? (s) h~rtby unconditionslly yusnntee th~ paymM+t of within Nou snd slt ~xte.~sio~s or rs++w~vsls t1+Kwf
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; and all sums paysbl~ under w by vittus thtreof induding, without limiqtion, all amdints of prir~Cipal and inte~~st and all ~xpat~s~s (induding a~totntys islt,
! tivhecher incurred in trisl or app~ltste proca~dings) incurrsd in thi tollsetion thawf, ths ~ntorpnt~nt of riyhts the~eunda or with r~sp~ct to st~y taCUrity M~
j for and th~ ~nfwcernent he«of, snd vwiv~ pre~ntm~nt, dert~snd, notice of dishono., protest, notip of proast snd sll oth~r notic~s wf+saoever; snd (b) com~nt
i and agru tAst tMy sr~ bound ss abligors ur~r ths t~rms of snd s.~ wbj~ct to all provisions m forth on du fsct of ssid Not~ as fully as thouph tMy w~n ad~
~ a Mak~. thereof, snd to tt~~ ex~?cise by tM holdN of e~eh aed ev~ry right theroin att torth w pwmitt~d by Isw. stt without ewtio~ to or cons~nt of and vrithout
` affectinp the list~itity oi th~ undasign~d, snd furthw oornMt snd sgrae thst ~ny of th~ undNSgn~d msy b~ ~u~d by tM holdsr hueof with or without janirg
~ any oi th~ othM endo~sers w Msk~rs of ssid Nots snd witl+out first or cont~n+~asneously wing amr wd~ otha psrso~, or otherwi» s~kioy or p.ocMdieg to
col lect frdn tMm w sm of tfwm. - -
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i ADDRESS StGNATURE OF GUARANTOR
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! AOORESS StGNATURE OF CsUARANTOR .
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