HomeMy WebLinkAbout0993 uooo ~n. oe«,~..~. of .r.~~ o~ ara~i~, ~n. e,~ m.,~ instituq apprqxiaq IpN procMdinp~ apai~t tM Oblpw~ to obt~in judprn~ot on tM Noa s~d/
or ~xMCi~ it1 rqhu and nm~di~t q ~ Nevrod p~rty undN tM Flqid~ Unitam ComrtrrciN Ca1~ or otMr ppliuW~ I~w. If tIN 8ank ha~ d~rnd itNlf irq~cun
or upon tM otcu~~NKy ol ~r? w~nt ol d~f~ult, tM B~nlc ~h~ll Mv~ tM ripht, irMn~di~tNy snd wiMout furtMr ~ttion by it, to ~t off a~i~ut tAit Not~ ~II mon~y
ow~d by ~M Mnk in any cpacity [o ~ch ~nd ~ny ablipor, ~nd also to s~t oft spsim~ NI othK li~bilitip of ~ch M~kN to tM 8s~k ~II mon~y ow~d by tM B~nk
in a~y C~p~City t0 Mth i~ld ~11y MikN, u1d t~N 8M1k i11~11 b~ dMnNd t0 Ai1NlxKCiNd iuCh rphl Of Nt Ofi ~rld t0 hi11~ nNd~ ~ Marp~ apNrat any wch mon~y
~rnm~diatdy upon Na oocurnnc~ of wch d~fwlt wM thouph wch cha~p~ u msd~ a N+t~nd on tlN beo~u ot tM B~nk wbrqwnt MK~co. Unl~a th~ ColUt-
eral if pNi~If~bN Or M?Nt~ [o d~ctin~ ~dily in wIw a K ol ~~yp~ customrily sold w? ~ r~wqni:~d mKk~t, tM 8~nk will piv~ tM MskK rwsonabl~ notiq
ul tM tim~ and plso~ of ~ny puplic ~ah th~not a tM tim~ aita which any privab aN a anY othp i~t~nd~d di~pwitio~ tM?wf q to b~ msd~. TM requir~-
msni ot ~NSa?~bN nocia ~ha11 b~ mn il wd~ no[io~ b mail~d. posap~ P~~W~d. to ~ny MakK at tM sddr~u yiwn btlow a at any otMr ~ddna il?own on tM
records of th~ B~nk, at t~a~t 5 ~svs b~ton th~ tim~ ot tM s~1~ a d'aposition. tlpon di~tioo ot any Co~bt~ra~ sta. tM occu~nnw ot ~ny. d~tsult, th~
Obtiyon ~hall b~ ~nd r~m~in jointly snd ~e~wrNly liabb tor any d~ficiency. Th~ Bank fhall accounf to tM M~IcK fw ~ny wrplus but tM Bank shall have tM riyht
co apply ~N a ~ny ps~t ot wch wrplus (a hold tM s~n» a a r~~w psinst) sny snd ~II othK liabiliti~s of esch and a~y Oblgor to th~ 8ank, Th~ Oblgws h~ra
ny w.iw ~ny ~iphn of r~mpcion at~er d~iwli.
All parti~s li~bi~ for tM paym~nt a~d coll~ction Mrwi: (1) pns to pay all ~xp~nses incurnd a psid in tM proaction ot Coll~tenl o~ tM sntoroe~t hen-
of, wh~thK tM Bank is oblpaud ther~for o? twt, includinp ~ttan~y's fNS pwl to 10~Xiof tM amount i~ dtfault w~ch lary~r emount as may b~ re~so~sWe
for fO~VICM ifld ~X~flf~ If1CU«~ l11 tM MIO~Cfftl~flt MfM~ Nthf? pllOf Ot fUbfpUMt [O jYdQllNfll afld YV1Nthl~ ir1 JUdiClil (NOCNdifpf Of OthNWiff, ~f1d alt0
tnoss cwts. ~xp~nws snd rwsonabl~ stto~rwy': t~u incurnd i~ sppellat~ procMdinpt: (21 waiv~ pr~ntm~nt fa psyrrNnt, demand, notico of non-payment, ;
notiee oi p~otat snd protest of this Nots: (3) consent to and wsivs notiq of sny and sll re~erwls or extensions of time, waiwn, w modificatia?s that may b~
granted by ths Banic with nspect to the payrn~nt w oMer provisions of this Note or to the nlease of sny Obliga or tM CollBt~rs1 or any part Merwi, with or
w~thout wbstitut+on; snd (11 a~N that additional m~k~rt, endorsut, quara~tor= w wntia rn~y b~coma partia h~r~to without notiq to them or af(~ctiny thei~
liability INr~und~?.
The 8~nk may at sny time in its sole discretion compromis~, settle or ext~nd tF~e tirtK of p~yment of sny of the d~m~ncls a obli~stions, represented by any
of [hs s~tu~itNt pbdy~d hareurd~r and all of the psrties liabk for the payment hereof hereby makt, oo~ntitute and appoint the Bank, his or their true a~d lawful
actorn~y for Mis purpos~ with tull power ~~d authority to compromis~, settle or extend paymsnt of said demsnds or obligations and to soquin, sstisfy o? dis-
charge tM ams of r~cord a otherwis~ ss the psrties liabls for the psyment a coll~ctia? hereof ~nght or coutd do il person~lly p~ese~t. The 8ank shall not be
under any liability or obligatio~ to take any steps whatsotver to lix a~y liability upon or to collest a to ento~ce payment oi sny oblgation pledy~d as s~curity
hereu~der whtthN by yiviny anY notice, p~es~nting, demanding payrtfent, protescinp, institutinp wit a otherwise.
The Bsnk shall not by any att of pmissiOn or Commiuion be deert~ed to waive any ot its ri9hts or ternedils hereunder uMest sucA waiver shsll be in writinp
a~d signad by the 6ank snd tha+ only to the eztent specifically set (orth therein: a waiver on one event shsll not be construed as continuing a ss a bar to w
wa~ver of wCh right Or remedy on s wbsepuent event.
TM liability ot exh Obligor shsll be absolute snd uneonditio~al snd without rtga~d to the lisbility of any other pa~ty hereta. Any notice sAsll be wfiicient-
iy scrved upon stl Obligors by serving suCh ~otiee upon any one Obligw: The notice shsll be wt(iciently served it placed in the mail, postage prapaid, addre~sed
co, or left upa+ tha premises of any Obligw at any sddress shown on che Bsnk's ~ecords. .
NOTICE: SEE OTHER SIOE FOR IMPORTANT INFORMATION .
EACH MAKER ACKNOWIEDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE DATE. ~
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~ADOiTESTS SIGNAT E OF MAKER ~
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ADDRESS SIGNATURE OF MAKER 's
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_ ENDORSEMENT ~
In addition to the liability as endwsert, which the undersigned hereby aswme, for wdlue reoeived and inte~ding to be IeQslly bound, tf~e undersigned (and it
more than one, ~ch of tham jointly and severally) (a! herebY unconditionally guerantee the payment of the within Note and all extensions or renewals thereof
and all sums paysble unde~ w by virtue thereof inCluding, without limitatio~, all anwunts of prinapal and interest and alI experuss (including attorneys fees,
i whether incurred in trial or appellate procetdingsl incurred i~ the collection thereof, the enforcement of rights thereundsr or with respect to any sewrity there-
for and the enfacement hereof, and waive presentment, demand, notice of dishonor, protest, notioe of protest and all other notices wfiatsoever; and (b) coruent
and agrae that they srs bound as Obligors under the terms of and are wbject to all provisions set torth on the fact of said Note as fully as though they were each
f a Maker the~eo(, snd to tht ezercise by the hokler of each a~d every right therein set forth or pe.mitted by law, all without notice to or consen[ ot and without
affecting the lisbility of the undenigned, and further co~sent and agree thet any oi the undersgned may be wed by the holdn hercof with or without joinirg °
any of the othsr endorsers w Makers of said Note and without first or contemporaneously suing am? wch othsr persons, or otherwise seeking w proceeding to 3
E coitect from them or any of them. ~
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~ AODRE55 SIGNATURE OF GUARANTOR
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