HomeMy WebLinkAbout0451 Upon tM o~turrMp ol an w~t ol d~fault, cM B~~Jc m~y i~:utuu appowwa IpN procMdinps ap~iru~ iM Obipws ~o obuin jucfprnn~ on ~M Nou ~nd!
exNCiw its riphp and nm~diq ~t a~cund party undK ~M Flaida Uni(orm Comrtrrcial Caft a otMr applic.~bl~ Isw. If tM Bank Aa d~r?~d italf int~cur~
u~ upon tM octwnnq ot ~n ~nt of d~hult, tM 8~nk d~Nl hav~ ~h~ ripht. imrnWiatNY +nd without fu~thtr ~ctiort by it, to ~t oif ap~inst thi~ Noq all morwy
owed by th~ ~nk in anY c+P~citY to wcA and any Oblgw, and also to s~t off ~inst ~I~ oM~r lirbilitip ot ~ach M~k~. to tM B~nk alt mon~y ow~d by th~ B~nk
~n any ap~eity to Mch a+d a~y N4kK. ~nd [M 8~nlc s1aN b~ dM~n~d co hw~ ~xKCird wd+ rpht of t~t oH and to hiv~ rt~ed~ s chsrq~ sp~inst any wch mon~y
~mm~fi~tNy upon tM oocu«Mq of wc~ d~twtt ~v~e? thoupli wch charp~ is nydt o~ ~ntK~d on th~ books of tht Bank wbspuenc ihK~to. Unl~ss th~ Collah
e~aE i~ pi~qhabl~ o~ chrwt~ru to dalirr p~~dily ie wlw or is o1 a typt customrily sold on a noopnizd muk~t, tM Bsnk witl giw tM NIakK rwwosbb notia
ot ch~ tin» and Waa of ~ny puWie s~N tl~~of a tlw sim~ sita whid~ ~ny prirau ~N or ~ny otM~ i~t~nd~d dhpp~ition ch~rwt ir to b~'e~:.TM rpuu~-
ment of rWtaybN notip thall b~ emt N wd~ notia i~ en~il~d, post~ prpiid, to any 1~41eK at tM ddn~s qivrn below a~t ~mr o~h~. ~ddr~u showe~ on tM
recwdt ot tM 8ank, it INSt S d~ys b~for~ t!N tim~ of M~ ~tl~ o? ditposition. l~on difposition ot sny Collster~l aftK tM ottu~rtnp of any d~t~ult, tM
Ob~igo.s fhdl b~ ~~d r~nain jointly ~nd t~w~ally liabb fot any d~fitie~cy. Th~ Bsnk sAall ~ount to tM MikK ior any wrplus but the Bsnk sh~tl hsw th~ ri~hht
~o apply NI a ~ny put ot wch wrplus (a hold tM san~ ~s s~~w ~painsd any snd all otM~ liabilitia of e~ch aed aoy Obligor to tM Bank. TM Obliqors Aere-
by w~iw ~ny rghts ot r~mptio~ attK d~taule,
All p~rti~i IiabN fw tM payma+i ~d colqctian Mrwf: (t) ~prN to p~y alI expa?sa fncurnd or paid in tM protec[ion of Coltatersl a tM ~~torc~nt her~-
o~. wf~tMr tM 8~nle K oblipst~d tMntw w not, iochdinp sttaney's f~a eqwl to 10%0l tM Mnou~t in d~taul~ w sucA Iarqer artwunt as msy b~ reaso~sWe :
t~~ unica snd ~xpMa~ inturnd ie tM Mfwqnrnt Mhof ~itf~ prqr or wbtpwnt to judpment and wMthK in '
~udici~l proc~edings or otM.wis~. snd atso
thoss costt, ~xp«up ~nd r~nonabl~ sttanry's i~ incwhd in sppNlst~ proca~dinps: (2) wiivr prestntment ta payrtxnt, d~mand, notice of ran-p~yrt~ent,
notice ot protat ~nd proust of this Noq: (3) constnt to ~nd wsivr ~otia of any ond all rt~wwls o. ~xtMSions of tim~, wsivKt, or modifiption~ tMt may b~ ~
grontld by tM 8~ttk with rtspect to tM psymtnt w othK provis~ons of tha Nott or to tM n1~ of ~ny Obliga w the Collatenl o~ sny part thsrsoi, with a
w~thout wbttitution: snd (4) aprN tMt additioesl mtlc~?s, ~ndorssrs, gWrsntors o~ turQti~t m~y b~tom~ psrtNt MrPlo withOUt ~otiCe to them or atf~Ctinp thtir ~
liability 11K~unti~r. . '
TM 8~nk ~n~y ~t a~y time in its sote dispetio~ compromi~. settk a extend the time of paym~nt o( a~y ot the demands a obligations, ~~p?esentod by any {
u~ ~M seeuNW1 P~~d h~?N+nd~ s~d all of th~ Di~tiu ~iaDN ~o~ tM PsYmsn[ Mnof Aenby malce. eo~stitute and appoint che Bsnk, hit o~ tMir i~w and lawful is
acco~n~y ta~ t11p purpo~ with full pwiwr snd authority to comp?omis~, s~ttN or extend psyment of ssid d~msnds o~ obligations a~d to soquih, s~tkf~r ot dir ~
charge th~ tim~'pf r~d w oMerwi~ ~s the p~ti~s IiabN for tAe payment w collection hKeo~ mght or could do if personaliy present. Tl~e Bar~k shsll not bs
u:~der sny Nability w obli~tion to take sny st~ps whatsot~ to tix any liability upon w to oolbCt o? to enfwce payment of any oblig~tion pl«lpsd ~s security t
hereuntf~r wh~thM by 9iviop s~Y rqticl. pret~ntinp. ds+n~ndirg p~yrtnnt, prOUStinp, irotitutinp w1[ w otherwife. . ~
The 8ank ~Asll not by a~y stt of pmiuion w cortwnissiw~ bt deemed to waivt a~y oi its rights or remedies hereunder unless such wsiver shall bs in vrritirg
and sigrfed by tAs 8ank M?d tMn only to tM extMt tp~Ci(iqlly set idth ihsrein; a waive~ on one event shall not be construed as contirwinp or ss a bsr to a
wa~ver of su~h ~ipht or ronNdy on ~ subsaqwnt Met. , .
The liability ot e~ch Oblipo~ ~hall b~ sbsoluis and unoor~ditional and without re9ard to tM liabitity ot sny other party hareto. Any notice shsll b~ suificient-
~v sa~v~d upon dl Obligors by ssrviny wch notitf.upon ~ny OM Obligor. The nptiCe shall be wfiiciently se~ved if plsced in the mail. postage Prapsid, add~essed
co, or left upw~ the promis~s of any Obligor at any sddress shown o~ ths Ba~lc's recwds.
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NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION 9
EACH MAKER ACKNOW~EOGES RECEIPT OF A CONFORMEO COPY OF THIS NOTE ON THE ABOVE DATE.
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tt~t G~~N Ro~~~ lr~i Rial~. ¦.Y• I03T~ (SEALI
AODRE55 MAKER
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AO~RE55 . , . ~ ~AKER ~
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• ~ ENDQRSEMENT . .
' In addition to the liability ss endwsen, which the undersigned hereby aswme. fw va{ue received and intending to be legally bound, tM undersipned (aod it t
; more than one, oach of them jointty and severally) (a) hereby unconditionally guarantee the payment of the within Note a~d all ezteruions w renewals the~eof s
'I and ail wms paysble under or by virtue thereoi intluding, without IimiWtion, aH amounts of principal and interest aod all expenses (includiog attorneys' fees,
whethe? ineurrld in t~isl o? appellate proceedirgs? incur~d in the coltection thereot, the eniortert~ent of rights thereunder or with respett to any seCUrity thert
fer and the enforoement hereoi, and waive preseniment, demand, ~otice oi dishonor, protest, notice of protest and all other notices whatsoerer; arid (b) consent
and agr~ that they are bound as Obligo.s under the terms o~ and a?e wbjec~ to all provisions set forth on the faet of said Note as (ully as though they were each
I ~ Make? tAersof, snd to the axercise by the holdes of esch an~ every right therein set forth a permitted by Isw, all without notice to w co~sent of and without
affECting the liability of tAe undersigned, and further oo~uent and agree that any of the unde~signed rtay be wed by the holder hereof with w without joining
any of the other endwsers or Makers ot said Not~ and without first or co~tempwaneously wing any weh other persoru, or otherwise seeking or proceedin9 to
celtect trpm thlrt~ M any o( them.
! ISEAU
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~ AUDRESS SIGNATURE OF GUARANTOR
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! ISEAU
~ ADDRESS SIGNATURE OF GUARANTOR
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