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Home My WebLink About0751 Upon tM otcu~nncy ol ~n w~nt ot d~f~ult. tM Bs~k miy institua app.o{xiaa Ipi1 procNdi~ ap~irat cM Ob~i9o~s to obt~in jucfpnNnt on tM Noc~ and/ or ~xerci~ its ?phts and nm~dita as ~ Ntur~d pirty u~ tM flwid~ Unifam Comrn~rci~l Cod~ o? otMr appliublt ~aw. I( tM Bank has d~n~d its~tf inqcur~ or upon tM occurr~nc~ ol an tvtnt of default, tfN 8~nk ~hall hsw tM rpht, lmrtwdistNy and without furthK ~ctio~ by it, to fet ott sgsinst this Ptote all moMy owad by tM Ba~k in sny cp~city to each and ~ny Oblpa~ and slso to s~t otf apainst all o~h~i liabititi~s of ~ach N4kK to iM Bsnk sll mo~ ow~d by th~ 8a~k ~n any Csp~tity t0 l~tA ~nd sny Mak~r, ~nd tM 8snk sha11 b~ d~m~d to Mw ~xKCissd wch rqht oi wt oti ~nd to h~w msde s charqe sg~inst any wch mon~y ~mmsdiatrly upon tM occu~nrky of wch d~tault Mn thouph wd~ charp~ is n?s~N or ~~tK~d on tM books of tM Bank wbspwnt ther~to. Unless th~ Collat- eral is ptrishabl~ or thr~at~nt to detlin~ tp~~d~ly in vslw w it oi ~ typ~ custornsrily soW on ~ nco~?i:W mark~t,1M Bank will yiw tM MekK r~ssonabls notiq 01 ~h~ tims arxf plaa of any puWic aN tl~wt o~ tt+~ ttrrn ak~. which ~ny privaa saN or any otMr inundd dispoaition th~rsof h co b~ mada 7M .puire- ment of nssw~abl~ nocip sAsll be m~~ if wd? notia is mail~d, posta~e prepsid, to any Maksr at tM add~ess giwn bslow or st sny oth~r iddr~ss shown on tM records of tM Bsr+k, ~t Isast 5 days b~fon tM tirM of the salt a daposi~ion. Upon disposition oi any Collaiaral aitK th~ occur~e~a oi any dsf~ult, the Obligors s1w11 b~ a~d r~main jointly ~nd s~verally liabl~ tor any d~ficienty. The Bank shatl acCOUnt to tM Make~ (or sny wrplus but ihe Bank sAall havs the right to apply al! a any part oi sucA w?plus (or hold th~ sam~ as a rest~ve apainst) any and all othe~ liabilities of each and sny Obli~w to the Bsnk, TM pbli~ors here- by vwiv~ any ryhts ot r~femptioo aite~ d~fault, All puties IisW~ fa tM p~ymsnt a~d Coll~ttion Mrpt: (1) aprae to psy sll expenses inturr~d or paid in the proteCtion ot Collat~ral or the en(orten?ent hert- - ' ' ' • - s__' 1fl~C..s .y ~ ,.......w~ i~ .i~ta.J? iv ou~i~ laro~r amnuM 8 ft1aN 11! flifOflia 01, WfllIDK LM WQR ~i !li)ly~ls~i Ii~r~~iv~ vi i~vi. ~iii.c~::c:iy ~::::::c.cy : :ccs c~y.,;:: - = ! tar ssrvices and ~xp~ns~s incu~red in th~ eniorpm~nt Mnof ~ith~r priw w wbsequent to jud~rnent and whether in judicial proctedinqs o~ otl+Kwise, and also ihose costs, expentss and reasonable attorney's (ess intw~ed ih appellste proceedings; waivt presentment tor pa,yment, demand, notice o/ non-payme~t, r~atice of protest s~+d protest oi tAis Nota; (3) co~?sent to ai?d waive notice of any and a11 renswals w extensions af time, wai,rers, o? modifications tha~ msy bs granted by the BaNc with respect to the payme~t a other p~ovisio~s oi this Note or to the release of a~y Obligw or the Collateral w any pat thereol, with or w~thout substitution; sr+d (1) sprae that additional makNS, eodorsers, guerantors or wreties may b~come parties hareto without notice to them or affetting thei~ liability hKeuntier. The 8ank may ~t a~y time in its sole dix?etio~ compromis~, settle or extend the time ot payment ot any oT the demands or opligations, represented by any ol the secu~itNt pledged hereunder and alt of the pa~ties I~able for the payment hereof he~eby make, tonstitute and appoint the Bank, his or their true and lawtul atcw~ey tOr this purpose with tull ppwe? and sutltority to compromise, sett(e o~ extend p8yment of said demands o~ obligations and to eoquire, fatisfy a da- cnarge the same ot recad a otherwise as the parties liable to~ the payment or collection hereof might or could do if personally present. The Bank shall noc be under any (iabiliry or obligatio~ to take a~y steps whatsoever to fix any liabitity upon or to collect or to entorct payment oi any obligstion pledged as securiry hereunder whether by giving any notice, p?esenting, demsnding payment, protestin9, iratituting wit or otherwis~: The Bank shall not by any act of omission or tommiSSion be deemed to waive a~y of its reghts or remedies hereu~der urttess suCh waiver shal! be in writing and signed by the Bank and then only to the extent specitically set forth therein; a waiver on o~e event shall not be co~saued as co~tinuing or as a bar to or wa~ver of wch right w ~emedy on a subsequent event. Tha liability- of eacTi ~~gw shall be absolute and unrnnditio~al and without regard to [he liability of any other party hereto. Any notice shall for wfficient- ~v Se?wed uPOn alt ODigws by serving wd~ nuiice u~ ezy o.~ Cb:iy:.:, T!s¢ :s~L%~ ~ha!! ~ slfflc~nlly ~•ved if ptaced in fhe mail, postaqe prepaid, addressed ro, or leit upon the premises of any Obligw at any addreu shown on the Bank's recwds. NOTICE: SEE OTHER SIpE FOR IMPOHTANT INFORMATION EACH MAKER ACKNOWIEUGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE ~ATE. 4040 Eot~ Aro., Titusvtlle, FL. 3~I78O (SEAL) ADORESS . D N i~ OF MAKER n (SEAL) ADDRESS 51 NATURE OF AKER . Ethe~ C, Richalsen ENDORSEMENT In addition to the liability as endorsers, which the undersigned hereby aswme, ior value received and intending to be legally bound, the undersigned (and if more than one, each of them jointly and severaliy) (a) hereby unconditionalty guarantee the paymeni o! the withirr fMote and all extensions or renewals thereof and all wms payabk under or by virtue thereof including, without limitation, all arnounts of principal and interest and all expenses (intluding attorneyi fees, whethe? incurred in t?ial w appellate proceedir?gs) incurred in the collection thereof, the enforcement of rights thereunder or with respect to any security there- for and the Mfp?cement hereof, and vraive presentment, demand, notice of dishonor, proti~ notice ot p~otest and all other notices whatsoever; and (b) consent and agree that they are bound as Obligo~s under the terms of and are wbject to all p~ovisio~Ss set forth on the (aet of said Note as fully as Mough they were each a Maker thereof, and to the exercise by the holder of each and every right therein set to?th w permitted by Iaw, all without notice to w rnnsent of and without affecting the ~iability of the undersigned, and ~further consent and agree tAat any oi the undersigned may be wed by the holder hereof with or without joining ary oi the other endorsers or Makers oi said Note and without first or co~temporaneously wing any wch other persons, or otherwise seeki~g o~ proceeding to collect trom them a any of them. (SEALI , ADDRE55 SIGNATURE OF GUARANTOR ISEALI ADDRESS SIGNATURE OF GUARANTOR ~ S ! ~ R £0 s. f~i~ , ~ ; ~ ~ - - _ _ _ - - - - _ . ; . ~ ~ < , ~ . ~ . ~ t . ~ ~ = .~~n-~:~:~~~.~