Loading...
HomeMy WebLinkAbout0985 Upon tM oocu~r~np of w~nt ol d~(wlt, th~ Bar+k msy institut~ spproprian Ip~l p~ocNdirq~ ap~irnt tM Oblpws to obt~in judqrn~~t on tM Nou and/ ' or ~xKti» itf rphtt ~nd nm~dia a a»cu~~d p~rty undK tM Flo?id~ Uni(o~m ComnNrciai Cocf~ w otl?K ~ppl+ublt I~w. If tM Bank hs~ dNrtNd italf ir?~cun o~ upon tM occurr~nq of ~ w~nt of d~hult. tM M~11c ~Iw1111a11/ lM ~iph1. fmnl~diatNY ~nd Wi[hOYi tu~lhN atli0rl by il. i0 Nt otf p~inst thi~ Not~ all mon~y i owsd by tM Bank in ~ny cap~city to tad~ and aml Oblipor, ~nd ~Mo to Nt ofl paintt ~II otha IiabilitiM ot ~ad~ M~kK to tM 8ank all motMy ow~d by tM 8ank ' ~n eny Cip~C{~y l0 Nth afld My MikN. ~nd th~ Bu~lc fhNl b~ dMm~d to haw ~x~?ciad wch +qht of wt oH snd to Mv~ mad~ ~ ch~rp~ ap~iMt ~ny weh mon~y ~mm~diaqlY u~wn tM oecurr~nq of wcA dtfwlt wN+ Mouph wch d?a.q~ b rt~ a~ntK~d on tM bookt of tM 8ank wbspwnt tMnto. Unl~a [M Collst- eral If pNqMW~ O? th~eitNN t0 d~C1iM t{N~d11y in qlut w is o1 a typ~ euitorMrily toW On ~ r~popniid muk~t, tM Baek will9iw th~ N4tcM re~wnsbN no~iu } ot ~h~ tim~ and plao~ of a~y publk aM cM~wf a[M tirtr dqr whieh ~ny priv~a saN or any oN~ inand~l d'apo~ltion tl?K~ot i~ to b~ TM rpuir~- s ment of trpon~bN notip tl~ill b~ m~t i/ weh ~otip h m~il~d. postap~ pnWid. to M?y Nl~ksr at tM ~~a piwn bNow or .~t sny otMr add~ta shown on tM ~ recordt ot tM 8snk. ~t Iqst 5 days befoh tM tiem oi M~ s~lt or disposition. llpon di~poation of sny Co11sq~N ~ita tM oceurnno~ of ~ny d~i~ult, tM Obliqon sMll b~ ~nd ~em~in joi~tly snd swaally liabb fa aoY d~tici~ncy. TM Bs~k shall ~ctount to th~ Makp fo. ~nY wrplus but ths Bank ihdl haw tl?~ riqht ~ ~o spply ~II or ~~y pat of wch wrplus (or hold tM wrn a ~ r~s~rw ap~i~t) sny and stl oth~r liabilities of e~ch snd a~y Oblpa to the Bank, TTN Oblipors h~rs- ~ by rwiv~ eny ~iphts of r~mption afta d~fwlt. ' ~ Atl p~ni~t lisbt~ fw tM paymMt snd coll~ction Mnoi: (11 sprN to p~y all exp~ns~s incur~~d a paid in tM prot~ction ot Collat~rsl w tM ~niorce~nt h~n- ~ o(, wh~tl?K tAs 8ank ft obliy~t~d tMrtfa a not, includ~np ~ttan~y i tNS pwl to 1~of tM amount in d~lault a wch br~r amount at may b~ rossonaWe ; for servieM and ~xpMS~s inturr~d in th~ sefo~qm~nt h~r~of ~ither p~ior w wbspwnt to jutlprn~~t ~nd whether in judicial p?oc~edinps o~ oth~rwite, and also 1 chosa costt, ~xpa?~s ~nd rWSOn~W~ ~ttan~y't fep i~xnd i~ a~llsa procNdings: wsiw pres~ntm~nt (or psYmsnt, d~mand, notice of no~-psymant, no~ica ot prot~st and p~otest of this Not~; (3) co~t to a~d waivs notic~ of sny ~nd sll r~~~ewsls o. exte~sions of time, waiv~rs, w modifications thst msy be g~antsd by tht Ba~c with respect to tM payment a otMr provisions ot this Note o? to tM ~I~ase of any Obliqw or tM Collateral or any part thereof, with or w~ihout wbstitution: and (41 sprN tMt additiond m~ktrs, endorse.s, puarantors or wreties may b~come pa~ties Mreto without ~otice to them or aif~ctinq tMi~ I~ability Mr~und~r. The Bank may st sny time in its sole discrstion comp?omit~, settk or extend tM time oi payment oi any o1 the demands or obligationt, rep«sa~tsd by any ot cha qcuriti~s pl«1g~d htreund~r snd all oi Me pNties liabk for the payment t~ereoi hereby make, constitute snd appoint tA~ Bsnk, his w their tru~ snd lawful atcor~ey ta Ma purpoa with full pov~ and authaity to compromis~, settle or extend psyment of ssid demands a obly~ations and to ~oquin, satisfy w dis- charge tM ssme of ntord or otherw~t~ ~s the partNS lisbh fOt the psymtnt w collection hereof might or tould do i( personally prese~t. Tl~e Bank shall not be under sny liability a oWi9ation to take sny s~eps whatswwr to tix any liebility upon or to collect o. to entorce payrne~c of any obligation pledgsd ss sscuriey 1 hereurxl~r wheths~ by giving any ootiCS, presMting, d~msnding psyrt~ent, protesting, instituting wit or otAerwise. ~ The Bsnk shall not by sny act of om~fsion or cortxniuion be deemed to waive any of its rights or rert~lies hereunder unless such wsiver shsll be in writinp and si~Nd by tM Bsnk ard then only to the extent tpacifically set forth therein; a waive~ o~ one event shall not be construed as continuing w ss a bar to or ! waiver of wch riyht or rertNdy on a wbsequent event. The liability of eseh Obligw shall b~ absolute and u~conditional snd without regard to the tiabitity of any other party hereto. Any notice shsll bs wfiicient- ~v se.ved uPOn all Obtigors bY se?vir?g wch notice upo~ a~r a+e Obtipcx. The notice shall be wtticiently served if placed in the mail. postage Prepsid, addrKitd co, or tett upon the premises oi any Obliga at any address shown on the Bank's recwds. . ~ i NOTICE: SEE OTHEFi SIDE FOH IMPORTANT INFORMATION i EACH MAKER ACKNOWLEDGES HEC6IPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE OATE. • i i f { ~ i ~ 227 Ca~l Ptac~, Pa~a¦~s. M. e7652 iSEAI) 'l~ ADDRE55 SIG TU E OF MAKER ~ P (SEAU AODRE55 IGNATURE OF MAKER A1 i ce Paler~o ENDORSEMENT ~ In addition to the liability as endorsen, which the unde?signed hereby aswme, tor value received and intending to be kgatly bound, the undersgned (and if ' more than one, eaeh of them jointly and severally) la) hereby unconditionally guxantee the payment of the within Note and atl extensions o? renewals thereot - and all sums payable under w by virtue thereot intluding, without limiWtio~, all art~ounu of principal and interest and all expenses lintluding attor~eys' fees, i whecher incurred in trial w ap~pellate procaedings) inevrred in the collection thereof, the entorcert~ent of rights thereunde~ or vrith respect to any security the?r tar and the enforeement hereoi, and waive presentment, demand, notice oi dishono~, protest, notice of protest and all other no:ices whatsoever; and (b) consent j and ag.se tMt they sre bound as Obligors under the terms of and are wbject to all p.ovisions set forth on the fact of wid Note ss fully as though they were eseh ! a Maker thereof, and to the exercise by the holde? of esch and every right therein set forth o~ permitted by law, a11 without notice to or consent o( and without affecting the liabi~ity ot the unde.signed, and (urther consent and agree that any of Me ur~dersigned may be wed by tAe holder hereof with or without joinirg ~ any of ths othe? endorsers or Make?s of ssid Note end witAout fint or Contempwaneously wing any wth other persons, a otherwise seeking p prooeeding to ~ collect (rom them o? any of them. ~ ~ ISEAU ; AODRE55 SIGNATURE OF GUARANTOR ~ ~ (SEAL) AODRE55 SIGNATURE OF GUARANTOR F ~ ~ i ~ ` ~ ~ t 4 3 E .i i _ ~ 5 e Y ~ i ~ ~ ~ 1 ~ a~W~p~ ~ ~ ~ . i E a . . ~ ~ ~ ' , ` _ z r ~~m.f,~. " ~ ~ ~ ..,o-,s'"~~.~ .r _ ~ . . a . a. a -t- - ~ ~ - ' ~`~"'`.s r'?`.y~.:. . . _ .t~*".e++"a _ ~ .