HomeMy WebLinkAbout0941 Upon tM xcurr~ of an ~wn~ of d~feult, iM 8ank may iostitut~ app~o~xiaa 1pN p~oc«dinq~ p~imt tM Ob~iyors to obuin judpm~nt on tM Nou y+d/
o+ ~xaci~ iu ri~hb ~nd ?~m~diM a~ t~cund p~rty undN tM Flaid~ Uniform Comrtr~cial Cod~ a oth~r ppliubt~ law. If tM 8ank hss dMrt»d itNli ins~eun
or uppn tM occurrt~a ot M w~nt of d~f~ult, tM Bank sh~ll hav~ tM rqht, imm~di~qly ax! without furtMr action by it, to s~t of/ ay~iiqt this Noa ali mon~y
ow.d by th~ 8a~k in ~ny c~pacity ~o ~ and u~Y Ob~ipa. ~~d ~~to to ~t of t pai~t sll otl?M liabilitip oi qch Mak~t to tM 8ank sll moewy owiM by tM Ba?k
in any Cap~tity to NC1~ ~nd any NbkK. and tM 8adc sMll b~ dMm~d to haw ~xKCi~d wch rpht of ~t oif and to Mw m~f~ ~ ehsrp~ ap~i~ut ~ny wM moMy
,mm~di~qly upon tM aocurr~nct o1 wch ddwlt w~n thoupA wcA chuy~ is rt?~tM or ~nt~nd on tM bookt ot th~ Bank wbseqwnt thtnto. Unl~p tM Collst- ~
e~~1 is pnishabh a ct?~at~s to d~C1iM ~~dily in w1w w it of s tYp~ CuftomMity sold on ~ r~oopidz~d nnrk~t, tM Bsnk will yiv~ th~ Ma1u. rMwnabl~ notia {
o~ th~.tinM and p1~ of any public aN thN~O~ O? tM t11tN ~}tM Wh1Ch My p/lviq fN~ OI Mly OthM i11t~f1dN~ ditpOtltfOfl thMfO~ i! [O b~ ftlid~. TM rpuir~- f
ment ol n~sonabN notia shsll b~ m~t if ~uch notia b m~il~d. pottsp~ Pr~paid. to sny Malw at ch~ addnu qiwn bNow u st sny othN ~ddr~u show~ o~ tM t
~eco~ds of tM Bank. at tesst 5 daYt b~fon tM timt of thr ssl~ a dispositior?. lJpon di~position of a~y ColNtsral ~tta tM oocur~~nq ot sny d~fsult, tM '
Obligon shall b~ a~d r~in jantly and stv~rMly li~bb fo~ anY d~ticiency. TM 8ank shall account to th~ Mak~r tor ~ny wrplus but tM Bank shall hsv~ tht riyht ~
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~o apply aN or aoy part of wch w~plut (w hold cM ~arM as s ~eserv~ ayainsd sny ~nd all otl?w liabilities of ~ach and sny Obligo? to the Ba~k, TM Oblipors here~ ;
hy waiv~ any ~ghu of ~~mption sfta d~iwlt. ~
All p~rtip lisbl~ fo? tht payrt?N?t and collection htr~of: l11 aprN to p~y a1t ~xptns~s incurnd or psid in tM proaction of Collateral w the ~~forctment hert-
of, wMthK tM 8anlc is oblpatsd tMr~for w ~ot, includinp sttornw's f~ss pwl to 10%ot cM amouot in de(ault o~ wch Iarper smount as may b~ nasonaWs
for ssrvicss at~d ~xp~n~s incu~~ad in tl~ Miorqmsnt hK~of titMr prior o~ wbspwnt to jud~ment snd wMther in judicisl proce~dinps or otherwis~, snd slso
thoue cosq. ~xpNnet and rtqonsble sttornty's tNS incurnd in appNl~t~ proca~dinys: (2) wsiv~ presentmtnt tor psyment, demsnd, notice of ~on-psyment,
noi~ce of protest and protat o( this Note: (3) conse~+t to snd waiw notiee of any and all renewsls w extensions of tims, waivers, w modificstio~s that mey be
g~an~ed by tM Bs~c with ~espec~ to the psyment or ocher provisions ot this Note or to the roNsse of any Obli9o. or the Collacenl or sny part Mersof, with a
w~chout wbstitution; snd (4) sprN chst additio~sl mak~r:, endorsers,'gusra~~ors a w~sti~s m~y b~coms parcia hsr~to without notice to them or sfiectiny tlieir
tiability hMw~fdK.
The 8~nk m1Y ~t any eime in its sole discretion compromis~, settk w exte~d tAe time ot payment of any of the demands Or obligations, repnsentad by a~y
of the teturiti~s pl~dy~d he~eu~der and all of th~ partiss liabk for the psyment hereof hereby mak~, cor?stitute snd appoint the Bank, Ais a thair true srxl Iswful
a~torney for thh purpow with tull powar and euthaity to compromise, settM or extend psymsnt of ssid dsmsnds w obligstio~t snd to ~oquiro, sstisfy a dis- ;
charge the sam~ ot ncord or othltwise as the psrtiss tiaWe for tM payment or collection hereof mght or tould do if personally present. The Bank shsll not be ~
under any Iiability a obligation to aks any steps whstsoev~r to tix any liability upon a to coNect•or to eniorce payment of any obliyatio~ Pl~dgad ss sacu?itY
hereunda~ whetAK by 9ivinp e~y notice. p?essnting, derty~nding psyrt~ent, Protasting, irutituting wit or otherwise.
Tht Bank shall nOt by any act of omiuion or Commission be desrt~sd to waivt eny of its rights o~ remedies hereunder unlsss such waiver shall be in writing
and siyrnd by tM 8snk and then onty to the exttnt ~pacificslly set torth therein; s waiver on one e~~ent shall not be construed as continuing o? as a bar to w
.va~ver of such rqht or remady o~ a subsequent eveM.
The liability of ~iCA Oblipor shall bs ebsolute snd ut?conditional and without rayard to tM lisbility of any other party hereto. Any notice s~all be wfficient- k
iy served tMon sll Obligo?s bY serv~n9 wch notice upon anY ons Obligtx. The notice shall be wititiently served it placed in the msil. postage Prepaid, addressed
ro, or left upon the premises of any Obligor at any address shown on the Bank's records. '
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• ~ NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION ~
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EACH MAKER ACKNOWLEOGES RECEIPT OF A CONFORMED COPY OF THIS FlOTE ON THE ABOVE DATE.
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2'sGC ^ptt~ ~~urq [~r . To~:ssviil~, Fl _ 32~F~ (SEAI)
ADDRESS ~ SI NATURE OF MAKER
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ADORE55 SIGNA RE OF MAKER
:~herie !b an
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ENDORSEMENT ~
In additia? to the liability as endorscrs, which the undersig~ed hereDy assume, for value r=ceived and inte~din9 to be legaily bound, the undenignad (and if
rnore thao one, each of them joi~tly and seve~ally) (a) hereby uncw~ditionally guarantee the payment oi the within Note and all exte~sions or re~ewals thereof
and all wms paysble under or by rirtue thereof including, without limitation, all amou~K of principal and i~terest and atl expenses (intluding attornays" fees,
! whether incurred in trial or appellate proceedi~gs) incurred in the collettion thereot, the enforoement of riyhts thereunder or with respeCt to a~y seturity there-
for and the entorcement hereof, snd waive prese~tment, demend, notioe ot dishonor, protest, notice of prottst and all other notices whatsoever; and (b) consent
i and agree that tMey sre bound as Obligors under the terms of and are wbject to all provisions set forth on the faet of said Note as fully ss chough thel? were each
~ a Maker thersof, and to the exe.cise by the hotder of each and every right tAerein set forth w permitted by law, all without notice to o. consant of and without
~ affectirg tMe lisbility of the undorsigned, and furthe~ cortsent and agree that any of the undersigned may be wed by the holde~ hereof with cr without ~oininp
a:,y of the other endasers w Makers oi said Note snd without first or contert~oraneouslY wi~9 anY s~d~ ather penons, or otherwise seeki~g or proceeding to
t co~iect irom them w a~~ of them.
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~ ADDRE55 SIGNATURE OF GUARANTOR
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~ AUDRE55 SIGNATURE OF GUARANTOR i
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