HomeMy WebLinkAbout0049 tlpon tM octurra?c~ ot ~n tv~nt ot dtlwlt, iM 8ank may i~slitut~ appropriat~ IpN procMdinp~ ap~imt tM Oblpwt to obt~in judprrn~t on tM Not~ and/
or ~xKCi~ itt nphtt s~d nrtwdia as a wcund party uncJK tM Flaida Unifwm Commucul Cod~ w otMr ~pplic~bl~ Iaw. If tM Bank ha d~n~d ~twN im~cur~
o~ upoo tM occurn~ oi sn ~wnt ol dNsult, tM Bank ~hNl ha~ tM ripht, imnwdi~tdy ~nd wiMout furthN ~ctio~ by it. to s~t of( ap~inst thb Nou sll mon~y
ow~d by iM 8ank in any capacity to Mch ~nd any ObUpor. a+~d dso to at oll piinst ~II otMr liabilitia ot ~ad+ MakK to tM 8ank atl mor~lr owed by th~ B~?k
m~~y CaplCity to Nth ~nd ~ny (~MkK. ~nd tM 8ank tl?all b~ dNm~d to hw~ txKCif~d wch ripht o~ ~t olt ~nd co hw~ n»d~ ~ chary~ p~?m~ any wd~ mon~y
imm~diaqly upon tM oocurctnq ol wch d~fwlt twn thouyh tud+ charp~ is mad~ a MtK~d an tM Gooltt o( th~ Bank wbs~ywnt tMreto. Unl~p tM Callat-
aral is p«hh~bl~ o~ th~wtaa to d~clin~ ~dily in v1~ID~ w is of a typt cu~tomvily wld on ~ r~copruz~d nr~k~t. tM B~nk will qiw tM MakK rww~bN notic~
ol tM tim~ and pl~p o/ ~ny publie aN tM~wf a tM tim~ ~ItN whicA an~ privsu ~N a any otMr Mttnd~d disposition th~rwt q to b~ R?~d~. Th~ ~~7uirF
ment of rwon+DN notip sha11 b~ m~t if wd~ ~otia R m~il~d, poiup~ Pnpsid. to any N4kK at tM ~ddrtss qiwn b~~ow o~ ~t u?y otMr add~ra sAown on tM
r~cads ot tM Bank, s~ Mat S d~y~ b~foh [h~ tim~ of tM w1~ a ditposi[ion. Upon dipo~ition of ~nY ColluerM d~K tM occurrMq of ~ny d~laul~, tM
Oblipon shNl b~ and «m~in jointly snd Nwrslly Ii~bN for ~nY d~tiwney. TM Bank ~hall acaount to tM MakN fa ~ny wrplut but th~ 8~nk ~ha~l haw tM rpht
co spply ~U a any par~ of weh wrplus (or hold M~ sa~m a ~ r~v~ painsd sny ,~d all othK li~bili~i~ ot each snd sny OWqor to ~M 8ank. TM Oblipon h~.a
by wriv~ ~ny ripAts oi r«Nmption sftK d~lwlt.
All perti~ Ii~N for tM paym~nl and coll~ction Ay~ot: (1) ~~s to psy a11 ~zp~ns~s incutnd or paid in tM prot~ction of Coll~teral w ths Mforc~nt hen-
of, wMtMr tM Bank i~ abli9atsd tMnto? or not, intludinp attorn~y's ba ~qwl to 10%of tM ~rtwu~t in d~tault a cud? lupe~ amount as m~y b~ nasonabl~
for ~vic~ snd ~xp~~s incu~red in th~ Mfo?amN+t h~not ~icM. prio~ w wbspwnt to judprrwn[ snd wMth~. ~n judicul p~ocMdinpc w otM.wis~, and ~Iso
thos~ tOSts. ~xp~n~a end reaion~bb ~ttorMy'f tN~ intwnd in appell~tt ptoC~edinp~; (2) vr~ivr pns~ntmMt for paYmMt, dlmind. nOtiCS of npn-payrtNnt,
no~ia of protat snd prolat of this No~~; 13) conse++t to a~d wsiw notia oi any ~ed all r~rrvwls o. ~xtMSions of tim~, wsivNS, w mafiiicetion~ that may b~
g~anted by ths Bu+k with ?esp~ct to the psyrrnnt or oihe~ provisions ot this Note or to tM roNaW ot ~nY Oblipor o~ the Coll~teral or sny p~rt th~.wt, with or
wiihout wbstitutio~; and (4) sprN tAa~ sdditan~l msk~~s, ~ndorsers, pwran~o.s or wraties m~y baome pa?ti~s Mnto without notiq to them or attectinp tMir
fiability hNauntNr.
Tht 8ank rtry at s~+y time i~ its so1~ disc~stion compromia, witl~ o~ extend tM tirn~ of~paymtM of ~ny of the d~mindt or obli~stio~s, ~~prss~nt~d by u?y
of tl+~ sscurities pl~d~d hereunder and sll oi th~ psrtia liabN (or Ihs psymrnt he~sot hereby mak~, wnstitute ai+d sppoint the Bank, his a tMir tru~ and lawiul
attwn~y fw Mis pwpoa with tull pow~. and suthority to compromis~, ~ettM or ~xtand payrt~t of said dimands or oblpetions snd to soquw~, ~atisfy w da•
charqe the same of record or otherwise ss tM psrti~s IieWe for the psyment o. collection he«o~ mipht or could do if pe.sonslH prssent• Tha Bs~k shsll not b~ ;
unda sny lisbility w obliystion to tske any steps wh~tso~v~r to fix any Iiability upon or to coll~ct or to e~lorce paYme~t of any obligstion pl~dpsd ss s~curity '
hereunder wMMe~ bY pivirq any notice. pnsei?tinp, dKn~ndinp psyme~t, protestirp, imtitutinp wit or otherw~se.
The Bank ~hsll not by s~Y att oi omission or commission be deerned to waiw any of its rightt or remedits hereunder unless suth waiver =hsll b~ in vwitirq
and siyned by the Bank und tl~en on1Y to the extsnt sp~cilicslly set fath therein; a waive? on"one tvent shall ~ot be tonstrued as tontinuiny o~ as s b~r to or j
weiver of such ~ight o+ remedy on e wbsequent event.
The liability of esCh Obliyor sha~l be absolute snd unCO~ditional and without r~d to the Iwbility ol anY other party f?ereto. My notip sl?sll bs wtfiCient-
tv served upon ~II Obligws by servin9 wch notid upon anY one Obliyor. TM notice shal) be wlfic~sntty servecl it placed in the mail. postsgs pr~paid, ~ddr~s~d
fo, w 1~(t upon tM premisas of sny Obligor a~ any address shown on the Bank's records.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INfORMATION •
EACH MAKER ACKNOWLEDGES RECEIPT OF A CONFORMEO COPY OF THIS NOTE ON THE RBOVE OATE. .
, '
~2~~ ~ (SEAL) v
ADOfiESS Mi ~1GfWpTyR OeFti MA R
w tfUi 1
/
_j'nr~~•- nl = c F;~ ~~i1 f1P (SEALI ~
ADDRESS ~ SIQN RE, F MAKER
' ' J ;ii~fl~s j
ENOORSEMENT
In add~tion to the liability et endorsers, whith the undersigned hereby sswm4. /or valua received a~d intending to be legally bound, ttte undersgnad (and i1
more than o~e, eseh of them joi~tly and ssverally} (a) hereby unto~ditionally gusrantee the payment of Me within Note and all extensions w renewals d?ereof
and all sums paysble urnier or by virtue thereof inttuding, without limitat~on, all artwunts oi ptincipal and interest and all expenses (inttuding attan~ys fsss,
i whether inWrred in t.iel or appellate proceedingtl incurred in the collaction thereof, the eniwtetnent of rqhts thereunder or with respect to any sewrity the?t
( for and tha enfo?terttent he~eoi, snd waive presentment, dema~cl, notice of dishono~, protest, notics ot protest and all other notioes whatsoever; snd (b) conseat
and aqree that they are bound ss Obtigors u~der the terms of and ar~ wbject to all provisions s~t torth on the fact of said Note as tully a thagh they wer~ tach
a MakK thereof, snd to d~e exercise bY the holder of exh and evtry right therein set (orth w permitted by Isw, all without notice to or conssnt of snd without
affxtinp the liability of t1~e undersig~ed, and further cor?sMt a~d agree that any of the undersigned may be wed by the holder hereof with or without janinQ
any oi tf~r other er+dasers w Makers ot ssid Note and withoui first a contertporaneously wing a~y wd~ other Penons, o~ otha?wise saeking or prooseding to
collect f~om them a a~y of tMm.
(SEAU
ADDRE55 SIGNATURE OF GUARANTOR
isEnt~
ADORE55 SIGNATURE OF GUARANTOR
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