HomeMy WebLinkAbout0997 upo~ ~M occurr~nc~ of a~ ~v~~t of dNsult, ~M B~nk may ~nstuut~ spprop~au Ipal procwd~npt apa~nit tM Obl~qo~s to obu~n ~udyrn~nt on th~ Noa ~nd/
axNUf~ it~ riyht~ at~d r~m~tf~n ~s ~ NCUr~d party u~~ tM Flpr~d~ U~ilpm Comm~rual Cod~ a otM~ applitsbl~ I~w. If tM Bank Aat dNnwd ~tsNf int~cu~•
upon tM occw~tnc~ o~ ~n wrm of cN/~uh, th~ 8ank M~tl h~vr tM rpht, imnkduttly and wiMout furtMr ~ction by it, to sN ofl ~qaintt thit Noa sll morwy
;,.ved by tM B~nk 1n any capacity to ssch ~+0 ~ny Oblipa. and ~Iso io ~t otl api~mt a11 oth~r lybiliua ol ~ach MakK to tM Bank all mo~y owrd by tM Bank
any cap~cicy [o Nch and any Mak~., and iM 8a~k sha11 b~ dMm~d to haw ~x~.cipd wM rpht of »t otl and to hsw m~cf~ a chuy~ ~pairqt ~+y wch mon~y
~mmedisuiy upon ~t+~ oaurr~nc~ ot wch d~isul~ ~n [hou9h wch char~ is rt~ a ~ntK~d on tM bookt ot tM 8ank wb~qwnt tMr~to. Unl~ tM Collat-
r•ai p~~~~habl~ or th~sat~ io d~clin~ ~~dily i~ vatw o~ ii of ~ tYW customwily wld on ~ r~co~ni:~d mulc~t. th~ B~nk will piv~ tM M~IcK rNSOMbN notia
of th~ tinN and p1at~ of ~nY pub1~C saN thtrp/ o~ tM tirrr dur whieh sny priv~t~ sab a ~ny o1hK io?~od~d ditposilion thKwf it to b~ mad~. TM rpui~~-
me„~ ot ~~uonabN nocia d?atl b~ m~t if wch no~ics a rrw~i~d. Pcscpe PrePaid, co ~ny ~+4k~~ ~t tM sddrsu piwn bNow a~t smr o~ha.~ddr~ss shown on tM
~ecads ol 1M 8a~k, ~t least 5 dsyt b~fon tM tim~ oi th~ sal~ or difposition. tlpon dN~wsition ot any Collat~ral ~ItN th~ oaurr~nq ol any d~fault. tM ,
Ob1~9wt sMll b~ ~nd rema~n jointly a~d ~wr~lly IiabN fot any d~flti~~ty. Th~ Bank ihall ~toount to tM Maka tw ~ny wrplut but th~ B~?k 1hsll hw~lh~ riqht
~o apply ~II w ~ny p~.~ ot wcA wrplu~ (a hold tM ~ as s r~?v~ apsi~st) any snd all otl?M liabiliii~s of ~sch and snY Oblpa to tM Bank. Th~ Oblipwt h~r~-
~y vwiw ~nll riphts of ndtmption afttr d~fsult.
All putits IiaW~ for tM psym~nt and coll~ction Mno(: (1) a~rN to p~y all ~xp~ns~s incurnd w paid in tM prot~ction of Collat~~al or tM ~nforoqn~nt hen- ;
o!, wfi~thK tl+~ Bsnk is oblp~t~d thereiw w not, includinp auorMy's (NS pwl to lOXof tM amount in dN~ult w wch larp~r anwuot at may b~ ns~on~bN
+o~ serviqs snd ~xp~r+s~s incurr~d in iM enforc~nt h~rwl ~i~he~ pria w wbfpwnt to jud9rmnt ~nd wMtAa in judicial procMdin~ or otM.wia, ~nd ~Iw .
ir,ou cosu. expsnsK snd reasonsWe stta~+sy's t~ss incurred in sppNlate P~~ubi~: (~l waiw prt~ndnMC tor psyrrrnt, d~m~nd, notiu ot non~Yn?tnt,
not~ce of p?ot~st snd protest of this Noq: (3) coosent to snd wa~w notics of ~ny snd all r~n~wd: w~xt~nsions of tim~, waivrrf, o~ mod~fitations that m~y b~
q~anted by tM Bsric with nspect to the payment w other provis~ons of tfiis Not~ or to th~ ~tMss~ of any Obli9or o~ tM Collst~rsl w uryl pirt thKwf, wiM o~
w~tnout wb~titutio~: sr?d (4! prei ihst sdditioMl m~ktrt, e~dors~rs, guaran~ors w wr~ti~s may b~coms p~rtNS Mnto without notip to th~m a atf~ctin9 tMi? ?
~~3b~nty M.wnd... ;
Th~ Bank m1Y st sny time in its sol~ diftration tOmpromis~, s~ttk w ext~nd th! tirM of psymt~t ol any of the demsnds w obtiy~tions, r~prtsM~t~d by sny
01 ~he s~curities pl~dpsd hereunder snd all o/ the psrti~s liable for the paY~t he~~of henby mak~, comtitut~ and appoint the Bsok, his w tMir trw snd lawfut
attorney for tfiq purpose w~th fult powK and wtAo~ity to twnptomise, sattlt o~ sztend payment o} ssid thrtwnds w obli~tions ~nd to ~oquin, tititfy ot dis-
charge tM arn~ of ncwd w oth~rvmse as the p+uties IisW~ fo? tM psYmem a collection hereof mpht or could do if personally present. The 8snk ~hiN not be
under sny liability a oblipation to uks a~y steps whattoever to tix any lisbil~ty Npon or to oollect w to enfwce paymer?t ot sny obli~tion plMg~d st t~writy
ne~eundar whethK by p~wr?y any notice, p~esen~inp, demanding payment, pro~ssting, ins~itueinp wic a othKwise.
The Bsnk shsll not by any att of om~uion o~ commiuion be daemed to waive sny of its righq o~ remedits Mreunder unless such wsiv~r:hsll b~ i~ writinp
~nd sigMd by the Bsnk and then only to the extent specifically set (o?th there~~; a waiver on ons went shall ~ot be construed as continuiny o~ a ~ bar to or '
wa~ver Of wth right or remady on e subsequent went. t
The lisb~lity of each Oblipor shall be abwlute and ur+conditional s~?d without reqard ro the liability of any othe. party hereto. Any notice ah~ll b~ wtficie~t-
iv served upon a!1 Obligors by se~v~ng such notice upon any one Oblgw. The notice shall be witicis~tly servad if placed in the msil, postaps Prpaid, addnsqd s
+o, of lett upon the prem+ses of any Obliga at sny sdd~ess shown on the Bank's raeords.
NOTICE: SEE OTHER SIDE FOR IMPORTAWT INFORMATION
EACH MAKER ACKNOW~EUGES RECEIPT OF AN EXECUTED COPY OF THIS NOTE ON THE ABOVE OATE.
(SEAL) ~ ~
A E S~GNATURE OF~AKER
ISEAI) t~~~ L• ~ ~
AD~RE55 S~GNATURE OF MAKER
i'iR~
ENDORSEMENT ;
In addrtion to the Iwb~liey as endo?sers, which the undersigned hereby aswme, for value receivsd and intandinp to bs kgally bound, the undersigned (and if ~
more than one, each of them jointly and severally) (a) hereby unco~ditionally guarantee tht payment oi the within Note ard all exteiuions o~ renewsk thereof ~
:,nd all wms psyable under or by virtue therept intluding, without limitation, a11 artwunts oi principsl and interest and all ~xperuef (irftluding attorMys ises, ~
.tihecher incurred i~ t~ial or appellate proceedinys) incurred in the collection ihereot, the enforcernent of rqhts ihereur+der or wiih respect to any securit~r thara
'o~ and the enfwcement hereof, and weive presentment, dema~d, notice of dishonor, protest, notioe ot protett snd all otha notices whatsoerer, and (b) torKtnt f
a~d ag.ee that they are bound as Oblgors under the terms of s~d are wbject to all provisions set forth on the fsct ot said Note as fulty st thaqh tAey wtn esCh ~
I~ Maker thereo(, a~d to the exercise by the Aolde. o( each srKf every right therein set forth or permitted by law, all without notice to or consent of and without :
i attecting the iiability of the unde~siyned, and further cor?sent and agree that any of the undersgned may be wed by the holder hereof witA a without joininp
~ ~~y of t1~e othe~ endorsers or Makers oi said Note and without first or contempwaneously wing sny wch other persons, or otherwise se~kirq or proossdi~g to
coliect from them o~ any oi them. _ i
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~ ADDRESS SIGNATURE OF GUARANTOR
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~ (SEAU ;
ADDRE55 S~GNATURE OF GUARANTOR
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