HomeMy WebLinkAbout0975 llpo~ tM oaurr~nc~ ot ~vtnt of d~fwlt, tM 8ank may instltut~ approprisa Ipal procMdinp~ spainst tM Oblqws to obuin judprMnt a? tM Non and/
or ~xKCi~ its riphts snd r~m~diK a~ wcur~d party undN cM Fto~id~ Unitam ComrtMrcial Cocf~ a otMr ~pplicabl~ law. tf tM Bsnk Ms dMn?~d italt insaun
or upon tM oocurr~nc~ ot ~n ~v~~t ot d~fault, tM Bank ~MII hsv~ tM riyl?t, imrt~dwttly snd without furtMr aCtion by it, to at olf psinst thi~ Not~ all mon~y
ow~d by tM 8ank in any tap~city to ~sch and a?y Oblpor. snd alw to t~t o(1 p~i~tt all othM Ii~bilitiN of ~ath fN~kN to tM Bank all mon~y ow~d by tM 8ank
~n any c~p~city to each and sny MakK. and tM BMk th~ll b~ dNm~d to haw ~xKCiwd wcA rpht of wt off and to h~w m~ s charq~ a~irqt sny wch mon~Y
~mm~diitNY ~+P~~ ~~u~r~np of wcA d~fault Mn thouyh wch chuqa it n~ or Mqnd on tM bookt ot tM Bank wbseqwnt ther~to. Unl~st M~ Colbt-
eral it p~rish~bl~ a tArNt~ns to declin~ sp~~dily in vslw o~ it of a typ~ customariry soW on a r~oopniz~d m~~k~t, tM Bank will qiw iM Ir41cK rWwn~bN nocia
of cM tims ~+d plac~ ot any public aN tMrwi w tM tim~ sft~r whic~ any privaa wM w ~ny othK intN~d~d dispaition thKwt is to b~ m~. TM rpuir~-
ment ot ~pwn~bb ~+otip sAall b~ m~t if wcA notiw is mail~d. pottp~ Pnpaid. to any Mdw ~t tM sdd«u 9iwn Wlow a at sMl otl?K addr~a shown o~ tM
records of tM Bank, at bsst 5 daYS befa~ tM tim~ of th~ s~l~ a disposition. l)pon di~position ot ~~Y Co1lac~rM ~ft~r cM oaurnnw ot sny d~iwlt, t1+~
Obliqon slwtl b~ ~nd r~msin jointly ~nd sev~rally IiabN Iw any d~tici~ncy. TM Bank shsll ~ccou~t to tM MakK fw any wrplus but th~ 8~nk shdl haw tM ri9ht
co apply all a any part of sucA wrptus la hdd M~ s~ as ~ r~rve apainst) any snd sll othK liabiliti~s ot ~ach and any Oblipw to cM Bank. TM Oblgws Aen-
by v~iv~ ~n11 rghts oi ~~mption sitK d~fsult.
All putip li~bN fw tM psym~nt end colt~ction h~nof: (1) sprN to psy a~l oxpsnsss incurred or paid in tF~e protsction oi Collatenl a tM enio~c~nt Aa~~-
oi, wMther tM 8ank is oblipat~d tMr~ta a not, i~cludir~q attornay i feas pwl to 10~X.ot ths artwunt in dsfault a wch larptr amount as may bs re~fonaWe
tor s~rvica ~nd ~xans~s ~ncurred in t1u eniwqrt+~nt M~wf ~itMr pria or wbrpwnt to ludyrnent u~d whether in judicial proc~dinps a otherwis~, and also
tnose costs. expMt~t.~nd rNSOnsW~ ~ttorney's i~st inaur~d in spp~llate proceedirgs: (2) waive pres~ntmMt iw psYment, dema~d, notice of non-paYment,
notice o( protest snd Drot~st oi this Note: (3) co~sN~t to and waive ~otict ot a~y snd sll r~newsls w extensions ot time, waiven, o~ modifications that msy b~
grant~d bY tM 8snk with respact io the paVrt?~~t a othe~ provisiwn ot this Note or to the rel~ase of sny Obligor or tM Collateral or sny put Mereof, wiM or
w~thout substitution: and (4) sg.ee tMt sdditionsl msk~rs, er+dorsers, ywrsmors a sureti~s msy bscome pa~tas Mrtto without notice to them or alt~ctinp their
I~ability he~~undp.
The Bank msY st any time in its wle discretia? compromise, settk a extend the t~me ot payment ot any of the demand~ a obligations, represented by any
of the seturitNa ptad~d hereunder and 811 of tha parties liabk for the payment hereoi he~eby make, cotKtitute a~d aPPoint tha Bsnk, his or their tru~ end lawiul
attwney /or Mis purpots with tull powst and authority to tompromiss, set~le o. extend psyment ot ssid demands or obligations and ~o soquiro, wtisty w dis-
charge the sams of reCOrd or otherwise as the parties liabls to~ the paYment w collection htreof might or tould do ii personelly present. The Bank shall not be
under any liability w obliqation to take any steps whatsaevar to fiz any liability upon w to collect or to enforce payment ot anY obligalwn P~ed9~ ~~+~~~Y
hereunder whethN by giving sny ~otice, presenting, demsnding payment, protesting, itutituting wit o? otherwiss.
The Bank thsll not by ar?Y act oi omiuion or commission be deemad to waive any of its rights w retnedies hereunder unless~such waiver sha11 be in w?iting
and si9ned by th~ Bsnk and then onty to the BxtMt specifically set forth therein; a waiver on one event shall not be tonstrued as continuing Or as s bsr t0 or
wa+ver oi such rigAt w remsdy on a subsequant event.
The liability oi each Oblipor shall be absolute st~d unconditional and without regard to ths liability of any other party hereto. My notite shall be wffitiMt-
~v se.ved upon alt Obligors by serving wth ~otite upon any one Obligor. The ~?otice shell be wtticiently se?ved it placed in the mail, postage prepaid, addressed
to, o~ left upon the premises of any Obligw at any address show~ on the Bank's recwds.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOMYLEDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE DATE.
/ ~~V~/'
ISEAII
~ ~ ~ ~ • SIGNATURE OF MAKER
' ~ ~
ISEAL) ~
AOORE55 SIGNA7URE OF MAKER
cra Narriar
ENDORSEMENT
In addition to the liability as endorsers, which the u~dersig~ed hereby aswme, for value receivad and intend~ng to be legally bound, che u~dersgned (a~d it
more than one, each of tMem joinHy and severally) (a) hereby unconditionally ~arantee the payment oi the within Note and all eztensior~s or re~ewals thereot
and aH wms payable under or by virtue the?eof includi~g, without limitation, all amaints of printipal and interest and all expenses (intluding attotneys' fees,
I whether incuned in trial or appellate procecdingsl incurred in the collettion thereof, the enfortement ot riyhts thereunder o~ with ~espect to any seturity there-
~ ~or and the entorcement hereof, ard waive prese~tment, dems~d, notice o~ dishono., protest, notioe oi protest and atl other notices whatsoever; and (b) consrnt
E ard agree that thay sre bou~d as Obligors urxfer the terms of and are wbject to aIl provisions set fo?th on che fact of said Note as fully as though they were esch
' a Maker thareof, a~d to the exercise by the holder of esch and every right therein set forth or permitted by law, all without notice to or consent of and without
~ atfecti~g the lisbility oi the undersigned, at~d further oonsent and agree that any of the undersigned may be wed bY the holder hereof with w without joinirg
! any of the other endorsers or Makers of said Note and wiMout fint w comemporaneously suing any wch other persons, or othe~wise seeking o? proceeding to
~ collect from them w a~y of them.
~
~
(SEAL)
AOORE55 SIGNATURE OF GUARANTOR
(SEAL)
ADORESS SIGNATURE OF GUARANTOR
~
~ .
~
e
~
~
~
~ -
.s
~
~
~
~
~ ~ ~ ~Q~ ~ ~
~D?~c~r+'~+
~
~ ? , .
.
- - - -
'-~~~~~~y~,~ - - =x~ -
k _ ~
~ . ,
'"w"``'„~
.~y~: