HomeMy WebLinkAbout0382 uuon tM otwrrence ol •n ~vent ot Wfwit, tM Bank may ~~sutuu appropnate Ie9~i Proce~dinpt sgai~st tht Obhpo~! to obtain judpm~ot on the Note and!
r„e~ciu nt ripl?tt and remed~es ai ~ secur~d party unda tAs F1onW Un,lam Comrrw~cial Codt a otM~ applic~b~e 1sw. U the Bank 1?ss d~m~d itseU ~nsecur~
c upon th~ occu~nnu o~ sn eve~t ot delault, th~ B~nk sh~ll haw th~ riqht, Irtuned~~u~y and withqut lurther ~ttion by it, to tH o11 p~inst this Note ~11 money
~,.e~i by M~ Bank in any cipacilY to ~ach ~nd ~ny Obliyo~, sod a1w to Nt otf sy~init all othK liabilitits of tach Nl~ka to 1he Bank NI mon~y ow~d by tAe Bsnk
en~ capscity to ~ach ~nd ~ny Msker. a~d th~ 8ank ihall b~ d~smed to A~w ex~rc~sed wch ri9ht ot qt ot1 snd to haw made ~ chsrq~ ay~inst sny such mon~y .
;-~„T,ed~a~elv upon the occurrehce ot we1+ detault ~ven tAouyh such charqe is rt?sde a t~~ered on the bookt ol ihe Bank subseyuent ther~to. Unt~u the Cot~at-
e-:~! ~s Pe~is~sble w th~eaiens to decl~ne speedilY in v~lue o. is oi ~ type custom~rily sotd on ~ ~eeoynired r?W?ket, th! Sank will yive tht Makei ~tasonsble notic~
~ne ~ime sod ptact ot aiW puWic sak th~reoi w t1u time alter which ~ny private ss~~ a sny oth~~ intended disposition thereof K to be msd~. The ?puirt• •
~„~n~ of rNiot?ab~~ nollt! i~?~II bO.rMt 11 tutA nOtitt tf,rnoiled, pos~sye prepaid, to snY M+1ca ~t the ~ddreis givsn bNow or ~t ~~y othK sdd~e:s shown on ~he
~~~cu~ds ol the 8snk, at leut 5 days b~ton tM tirtw of th~ sa1~ or disposition. tlpon dispo:itioe ot any CoUateral Ntsr tib~ occu~renc~ oi s~y d~lsult, the • •
Or,i;qo~s shatl be snd rems~n jointly snd isve~ally lisbl~ ta my~d~lic~ency. Th~ 8ank shaQ sccount to tM MakK. io~ any wrplusbut ~he B~nk ih~ll hsve the ~ight
npply ~11 w ~ny part qt tucA surplus (W hold th~ sartN at a ~ts~rve again}t) any snd all othH liabiliti~s of esch snd any Obli9a. to th~ Bank. Th~ Obligors hart•
N.a~ve any rights ot redemption ~tlet d~tautt. _ - : - , - = . • - ' - • - ~ i : • ~ ~ ~ - ~ . . ' _ .
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Ai1 parties ~~aWe tor the paymeet and collectfon heroot: (11 s9ree to pay atl ~xpensK incurr~d or paid in the protection o1 Cotl~teril or thc enlorcep+ent here-
, J, ~vhether tAe Bank i: obligated tAe?efa ar not, lncludmg attoroey's leet eqwl to 1096of tl» amount in debult or wch larg~r amouni ss msy be reaionable =
+r,r servkes and expeoses iocurred in the e~fwcement htreot e~ther prw~ or subsequent to judyment snd whetMr in judici~t p~oceedings o? otAerw~se, snd slso •
;~;,,se cosis, expeoses aod ~easonsble attornay i lees incurr~d in appellate proceedi~ps; t21 waive presentment fw payment, demsnd, notice oi nompayment,
~c:ce o1 ptOtKt !nd pr0lMt O~ tAif NOll: 13) conse~t to and wsive ootice ot any and sU renewals or extensions pt time; waivers, a modilicatia?s thst may be
nced by the Banlc with Tespett to the payment oi other {uovisions of tAis Note or to the rel~sse ot sny Obligor or tAe Coilatersl or any pa~t the~tot, witb a;
thnut SubltitYti0~1: and (4) ag?ee that additio~sl makers, endasars, quiranton or surttiei rn~y bttome pa~ties~l+ereto without not~ce to them w ~(lecting their
iiehil~ty hlrQUKIN. ' ' • - - _'~i; '7~. ~ .it•- -'i ' ;i: ~ ' ~i!t,' 1~~ - _ '
~ • " ~ ~~.7'~. ' " i;• ~ . . ' .
Tne Bank may at any limc in its sole d~u~etion compromise~ iettk ~or extand the time oi payment ot any ot the demands or oblipations, repr~uoted by any
o! ~ne secu.nies pled9cd he~eunder a~d all o~ the psrties 1lable to~ the payment hereoi here6y mske, constitute and appoint the 8artk, hes w tAeir true and 1awlul_
a<<o~ney tor this purpou with (uil power and sutho~ity to tornpromise,-senle or extend psymmt oi said demsrids w obligations a~d to acQuire, wtisty or dis-
rna~ge rhe tsmf oi record or otherwnse as the putits fiable for the payment a collection hereof mgAt or could do if persw~ally preseni. The Bsnk shall r?ot be
~rdef any li~bility w obligat~on to take sny steps whatsoever to Tiz sny7isbility upon or to collect or to entorce peyrt?ent of a~Y obligation ptedged ~s secur/ty
ne~eunder whether bY 9iving any notice. prex~tin~, demsndinpP~yrtknt, protefl;nq,'~~stituting wit w otherwise.. - ~ _ ' .
The Bsnk shsll oot by any aci.oi amiuioo or eomrnission be deemed to waive any of its rights or rert~edies hereunde~ unless such wsiver shall be in writin9
and s~gned by the,8ank and lhen only.t0 tht.lxient specilicslly sei torih therein; a wa~wr on w~c event shall noi be construed as cootinuin9 0? ss a bar io or
r,~_i~ver oi wth right or rerr+edy onasubsequenteven_t.~ ~ _ • " . _ . . ~ . - . . . ~ -
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The liabi~ity oi each Obligor shall be absorute~and unconditiori~l snd without~regaid~to the ~tiability vf any other ps!ri hueto, Any notice sha11 be sutTicient-
i~ zerved upon aIl Obhgors by urving such notice ution s~+yorie Obligor. Th~ notice thall be wftickntly served if plsced in themail, postage prepaid, addressetl
~o. of Ieit upon the prtmises of any Obligor at any address shown on the 8ank's records. ~ . _ ' . ~ . • - z • - . - .
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. ~ NOTICE: SEE OTHER~SIDE.FORiMPORTANT INFORMATION ~ - ' - . - - .
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EACH MAKER ACKNdWIEOGES RECEIPT OF A CONFORMEO COPY OF THIS NOTE ON THE ABOVE OATE.' • •
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b132 CZematis Drive - ~ - , lsfe?uX ~ • i t-~~~ •~-I%.~-'
• ADDRE55 " _ _ _ _ • 51 NATURE OF MAKER
- . - _ - _ < : ' Bil}y~•~ellman~- " - ;
(SEAl.1 . ~-s _ _ <
Dayton, Ohio 4544'9 - t: - ~ ~ ' . . ~ " ~ ~
'ADDRESS " ~ ~ - ~ 't~ - - - SIGNAT.UR~ F MAKER "
+ : . _ ' ~y . - oari: E. _SeiZman - - _ .
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- - _ _ _ _ • ' - ENDORSEMENT - ~ _ - . • • - - . . . . : _ . - - . .
~ ~ add~uon to the Iwb~lity as endwsers, which the u~ders~gned he~eby sssume, lor value ~eoe~ved a~d intend~ng to be legalty~bound, the ur~denigned ~arid if -
.~~e ihan one, each oi them jointly and severallyl 1a) hereby unconditionally guarantee the payment ot the within Note and all extensio~s o~ renewals thereoi'
Tn~~ a,i sums payable under o. by wrtue thereof including; withoin limituion,' ell amounts ot principsl and interest and alt expenses (including attorneys tees,
het he~ incurred in trial w appellate proceedingsl incu~red in thetollection thereot; the enforoernent of rigAts thereunder or with respttt tn any sccurity therr
r and the e~forcemeni hereof, and Nrane presenunent, demand, rtotice a~ dishonor, ~protest, notics oi ~rOtestand aIl otherrotices wAatsoever; and (b) consent .
^d ag~ee t??at tbey are Dound as Obligors under.the terms oi and xe wbject to all provisions set fach on the lactof said Note as fu11y as though thry were each
+'.':aker the?eof, and to the exerc~se by the holder oi each and every right therein set torth or permitted by Isw, iii without notice to or consentot and without
a`~ecting the l~ability of the unclersigned, and further consent and agree that any of ihe u~dersgned may be wed by the holder hereof with or without joining
y o1 ihe othrr endorsers or Makers oi said Note and without iirst or contemporaneously wing any wch other pertons, ot otherwise seeking o? proceeding to
c: ~ ect from them or any ot them. _ - ` ` - - . . - ' , '
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'AUDRE55 - _ • -SIGNATURE OF GUARANTOR
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ADDRE55 . - ' . - - • . - . S~GNATURE OF GUARANTOR _
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