The URL can be used to link to this page

Home My WebLink About0939 llpa~ tM occurrenc~ of an av~nt of d~tault, tM Bank rt~+y institut~ appropriau Np~l procNdinps a~ieat th~ Obli9ws to obtain ju~fprr~t~t n. th~ Note snd/ ar sxercitt icf riqhu s~d rem~dils ss s s~CUr~d pirty unWr [M FlOrida lJ~itorm ComrtMrcial Cpd~ p otMr applitable Iaw. It tM 8ank Aas dNrtNd iutli i~cur• o~ upw~ tM octu~n~ of an twnt of d~fsult, tM Bank sh~ll hav~ tM riyht, inx~rdiatNy ~nd wiMout turtht~ ~ction by it, to stt off spainst thit Not~ all money cwed by tM Bank in ~ny capscity to each s~d a~y Oblipor, and ~ISO to s~t off psinst ~II othM liabifiti~t ot ssdi MikN to tM Bsnk al! morny ow~d by tM Bank ~n any cspitity to each and sny Mskt~, and tM Bank d+sll b~ de~m~d to hsw ~x~rcis~d wch ripAt of ~t oH s~d to Aav~ made a chsrp~ sp~init aoy wch mon~y ~mmediat~ly upon tM oaurr~nq of wch ddsult w~n thouph wch charqe is macf~ or ~nttnd on tM book~ of tM 8a~k wbseqw~?t thersto. Unless th~ Collat- erai is p~rishsbl~ w thrNt~ns to dsclin~ sp~~dily in wtw or is of a cyp~ cu~comarily ~oW on a ~~oc~pni:~d mrrk~t, tM Bank wiil ~iw th~ MskM r~ssonabl~ notip ot the tlnw a~d plact of ~ny public s~ls thenpf or tM tfrt» atte~ which ~ny privsu sab or any othK int~nd~d ditpotitiot~ thersof it to b~ msd~. TM .squira ment of res~onsbb notia shsll be m~t if weh aotia a mail~d. postspe pnpsid, to any Msker at tM add~~ss giwn bslow w at sny oth~. sdd~ess shown on eF~s ~ecords ot th~ Bsnk, at ksst 6 days betor~ th~ tim~ ot M~ sal~ ar disposition. lJpon disposition of any Collatsral aite? tM oecurrenc~ of sny detault, the Obligors slull W ind remain jointly ~nd sevsrally IiabM tor any d~fici~nCy. Th~ Bsnk shall ~ccpunt to tM Msk~r for any wrplus but the 8ank shMl haw tM right co apply all or sny psrt of such wrplus (o. hold the ama ss a r~rve sQainst) srry and sll othp IiabilitiK of each and eny Obligor to th~ Bs~k. TM Obliyors fiera by waiv~ any rghts ot ~~mption sitM dsfwtt. All parties iiabfs fot the payrnent snd collaction hereof: (1) sp?ae to pay sll ~xp~nses i~curr~d or paid i~ tAe protection of Collatersl or tM MforcKnent her~- ot, wh~th~? ths Bsnk is obligated tAsretor w not, includirg attanay's tea equst to 10%of tM amount in detault o~ wch Isrger smount as msy bs ressonaWe fo. services and sxp~?ses incurred in ch~ enforc~msnt he~wf ~ither p?'~a or wbseque~t to judqrKnt and whetl?er in judicisi proceediry~s or othe.w;~e, snd sl~o chose costs, txp~ns~t and ressonable attornsy's f~s incwnd in appellets proceaciirgs; (2) waiw p~~ntme~?t fa paym~nt, d~mand, notice oi no~-psymant, no~ice of protat snd protast of this Note; (3) co~sei+t to snd waiw notice of any and all ~enevwls or ext~nsions ot time, waivers, w modi(ications that may be g; anted by the Bsdc with r~spact to the paymBnt or othet provisions ot this Note or to the ~eleass ot any Obligor o. the Collateral o~ any piri thNeof, with w • w~chout wbstitution: and t4) sg.ee that additionsl rrykers, endorsers, gusra~tors or su~eties may becom~ pa?ties hsrato without notice to them a si(actiry th~ir I~ability hlrwndlr. The 8at~k msy at any time in its sole distretion tompromis~, settk or extend the time ot paym~nt ot any of the demands w obtigations, npresented by any of ihe sscurities pleclged he~eunder and alt ot the pa~ties tiabte /or tha paymenc hereof hereby m~lce, oornterute and appoint the Bank, his o. tMir true and lawful attorney to? this purposs with full power and authority to tompromise, settle or extend payrtrnt ot ssid demtnds o? obli9stions and to acquire, tstisfy or dis- . charqe the same of recwd w otherwiss as the parties liable ior the payment or eollactio~ haepf might or could do if perso~ally present. The Bs~k shatl nc>t tx under any liabitity or obligatio~ to taka any stepa whatsoever to tix any.liabitity upon or to collect w to enfwce payment o! any obligatior? pledged as securiry hereurxie~ wAelhet by givirg any notite, p?e~enting, demanding payme~t, protesting, instituting wit o? otherwise. The Bank shall not by any att ot omissiOn pr commistion be deemed to waive any of its rights or remedies Aereu~dgr unlESS such waiver shall be i~ w?iting and signed by the Bank and then only to the eztent specifically set fortA therein: a waive~ on ons event shall not be conscrued as continuing a as a bar to or waiver of such right or remedy on a subsequsnt event. • The liabil+ty ot esch Obfigor shslt be absolute and umm~ditional and without rega~d to the liability of any other party hereto. My notice shall be wlficiMt• iy zerved upon all Obligors by servi~g wch notice upo~ any one Obligor. The notice shall be w~ficiently served if placed i~ the mail, postage prepaid, addressed co, or leh upon the premises of any Obligor at any address shown on the Sank's retords. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION EACFi MAKER ACKNOWLEQGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE O THE A80YE QATE. ~ _ 55 Limehill Ro~d Ct~~-~tha.~~ (SEAL) ~ - A~DRE55 ederi~"'~iV~i~ Kassachusatta ~2533 Q ' (SEAL) ~ ' o ~ ~ D ~ . ADORE55 SIGNATURE OF MAKER !'2orence M. eie~ette ENDORSEMENT In addition to the liability as endorsers, which the undersigned hereby aswme, for value receivetl and intending to be legalty bound, the undersgr?ed la~d if more tha~ one, each of them jointty and severelly) (a1 he?eby unconditionally guarantee the payment of the within Note and a11 exteruions w renewals thereof and all wms payable unde. w by virtue the~eof including, without IimiWtion, all amounts of principal and interest and all expenses lincludi~g attwneyi fees, ..hether incurred in trial o? appetlate prote8ditgs) incurred in the collettion thereoi, [he enfo?tement ot righis thereunde~ or with respeet to any security there- for and che eniorcement he.eoi, and weive p~esentment, demand, notice oi dishonor, protest, notioe of protest and all other notices whacsoever; and (b) wnsent and agree that they are bound as Obligo?s under the terms of and a.e wbject to all provisions set forth on the fact of said Note as fully as though they were esch a Maker the~eof, and to the exercise by the holder of each and every rfght tfierein set forth or pe~mitted by iaw, all withouc notice to or consent oi and without affecting the liabiliry of the undersigned, and turther cornent and agree that any of the undersigned may be wed by the holder he~eof with a without joi~ing any ot the other endorsers or Makers of said Note and without tirst or co~temporaneously wing aMr wch other persoM, or otherwise seeking or proceeding to co~lect from them or any of them. (SEAL) ADDRE55 SIGNATURE OF GUARANTOR (SEAU ADDRE55 StGNATURE OF GUARANTOR . ~ i f ~ ~ ~ [ ~ ~ rr • . ~ . , 300K 295 PAC: + ~7~ip ~ . ? ~ . . . ~ - ~ ~ _ _ _ _ - _ ~ ,