HomeMy WebLinkAbout0506 ll~wn tM occu~~a~a of ~n ~v~nt ot d~fwlt, tM 8aok mw institut~ +ppropiat~ NpN p~oc»dinpt apsinst tM Oblipors to obui~ judpm~nt on tM Not~ ~~d/ ~
o~ txKCi~ ip riphts and ~~m~di~t a a~:ur~d party und~ th~ Florid~ Unilwm Comr~rc~~l Cocf~ a otM~ appliubl~ Iaw. li tM 8ank Ms d~n~d iuNt int~cun.
or upoi? dw oocwrMp of an ~nt o~ d~fwlt. tM Bar?k ~hall haw tM ripht, irturwdiaaly and witAout furiMr aetion by ii, co at ofl ag~inst thi~ Nou all moniy
ow~d by tly 8a~k i~ a~y cp~tity to NCh and a~y Oblipor. and slfp to s~t otf apsintt all oth~r li~biliti~t o1 ~sch Ir4kK to tM Bank all momy ow~d by tM 8~?k
u~ ~y c+~?~city co Nch and ~ny Ir4k~r. ~nd tM 8ank ~Aall b~ dMmrd to Mw ~zKCi~d wch rght ot »t otf ~nd to A~v~ rn~d~ ~ cMrq~ sp~i~t any wch moMy
imn~~ly upon tM oocu«~no~ oi wch rNf~ult wM thouph weh ch~p~ is mad~ a~nta~d on ~M bookt of tM Bu?k wbspusn~ cMnto. Unl~ tM Collat-
srsl i~ pKbhabb w thtNtq~t to dKIfM tp~~dily fn valw or is of a typ~ customirily sold on ~ r~COpniz~d rn~rk~t, tM Bank will yiW tM MikN re~sonabl~ notits
ot tM tinM ~nd p1~a ot any public aN tMnot ar tM tim~ dtK which any p?ivah tM~ a s~? othK int~ncNd dbpaition th~wf f~ to b~ m~i~: Th~ nqulr~-
rne~t ot ~wfonabN notip shall 0~ m~t if wcA notip it m~il~d. postap~ prpaid. to ~?y MNcK at tM sddress yivM bdow or at amr otl?K sddr~a shown on tM
racadc of [M B~nk, ~t Nat 5 t4ys b~foh tM tirt» of M~ sal~ a disposition. Upon disposition ot ~ny CollsurM attsr tl» occurnnq of any dNwlt, iM
OWipws sMtl b~ s~d ~tm~i~ jointly ~nd Nwrally IiabN for ~nY d~tici~nty. TI?~ Bank shall ~cCOU~t to tM M~kN fo~ any wrplus but tM Bsnk shall hiw tM ~i~ht
~o apply aN or aay part ot wch wrptus (w hold th~ sartr as s r~servs apai~st) any snd dl othK liabilitiK oi asch and any Oblgw to tM 8ank. TtN Oblyors h~-
bv w~iw anY ~iphtt ol r~dtmptioo attK d~fwtt.
All ptrti~t liabl~ tw tM paym~++t snd coll~ction M~wf: (t? ~qrN to psy a11 ~ap~ns~s incurr~d a psid i~ tM protxtion of Collater~l or th~ enforoe~nt Mr~-
of, vrMth~ th~ 8~nlc is oblqaad thK~fa a not, including attaney's fea pual to 10~fiof tM amount in detault a wcA la~~ amount as msy b~ nsso~able
for sKVips and ~xp~ns~s incurnd in tM tofwcemMt Mnoi ~itMrp?iw or wbs~qwnt to judgrn~nt and wMtMr in judicial procNdiny~ o~ othervvis~, u~d ~1so
chos~ eosts, txp~?sa and rwson~W~ attan~y's i~ incwnd in appellau proceedinps: (2) wsiw pr~antm~nt for psymsnt, demsnd, notioe of rwn-psymant,
r?o~ia ot prot~st a~d protest ot this Not~: (3) co~sent to and wsiw notia of any s~d all r~~~wls w~xtMSions of tim~, wsiven, or modificstions tMi m~y b~
grant~d by th~ Bs~c with re~pect to tM payment w ochK provisio~s of tha Note or to the rebsw of sny Obtiga a ths Co1lac~rsl or any part Mawf, with w
w~chout wbttitution; ~nd f1) sprN tMt edditionN maken, e~?dorsers, gusnnton or wr~ti~s m~y bkome psrties hK~to without notiq to them a sihctinp tMi~
liabiliq MrNlndlt. . -
Tlr 8~nk m~y ~s any time in its sol~ dispetiori compromiM, settk or extend tM tinn~ oi psymMt of any ot tM dsmsnds a obli~tiont, rpnt~nt~d by any
ol tM pt~yrjtlei pl~dy~d Mreur?d~r a~d all of th~ pa~tiq liable (or the psyment larepf M?eby mak~, constitute and sppoint tM Bank, his or thtir trw and Isw(ul
attwmy tp tAit qerpo~ with tutl powar and suthaity to comp~omist, settle w sxtend psymant of said denands a obligstions aod to aoquin. s~tisfy or dis-
charg~ thi s~Ar ot ncord o~ othawise ~s the parti~s li~ tor the paYment a colltclion haraoi mipht or could do it persa?ally pressnt. Tht Bsnk shNf not be
undN ~sny li~bility or obli~ttion to uk~ sny staps whatsofasr to (ix any liability upon or to oolleCt o? to entorCe paYment oi any oblgttion plad~d as s~cu~ity
hereundK v~lNthM by pivinp any notic~. prtsMting, demtodinp psyment,_protating, institutitg wit o? otM~wise.
The Bs~~lc fhall not by sey act oi omission or tom~nissio~ be deerned to waive any ot its rights o~ ~errwdies hereunde~ unless such waiver shall be in vKitinp
and siyned by t!~ Bsnk and then only to tht extent specitically set (ortA therein: a waiver on on~ erent sf?all not be construed as co,ntinuiny a as e bsr to or
waiver af wch ripht o~ rNrMdy o~ a wbsaqutnt event. '
The liibility of pch Oblga shsll bt sbsolute snd w+conditional and without regard to the liability of any other party hereto. Any notios shall b~ wfticient-
IY sarved upon all Oblgws by sarving wCh notice upon any one Obligcx. The notice shell be wffiCiently served if plai.~ed in the mail. postage Prapaid, sddressed
zo, or Itft tht premises of any Obligor at aMl add?eu shown on the Bank's ~ecords.
NOTICE: SEE OTHER SIOE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWLEOGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE DATE.
t~YlR Or1 ~ Lf~rl~tb~ Tadla~a ~7~0~ ISEALI ~~O'"~~-
ADDRE55
~ r' ~y ~
ISEALI ~'~-u- ~ 1~1C.-'i'i'!~~ .
ADDRE55 . , - iIG MAKER
d•
. ENDORSEMENT •
In sddition to the liability as endorsers, which the undersig~ed hereby assume, for value received and intending to be legally_bound, ths u~denig~ad (and if
morr ttlan one, eacA oi them jantly and severally! (a) hereby unconditio~alty guarantee the payment.of the within Note and a11 exteruions or renewats thereoi
and all wms paysble under o? by virtue thereof including, without timitation, all amounts of p~incipat and interest and alt expenses (including attorneys' fees,
wFiecher incurced in trial o~ appellate proteedingsl inturred in the collection thereof, the enforcetnent of rights thereunder a with respec[ to arn/ security there-
`or and the enforoement hereof, and waive prese~tment, dema~d, notice oi dishonor, protest, notice of protest and all other ~otices whacsoerer; and (b) co~sent
ancf agret that they are bou~d as Oblgors undcr the terms of and are wbject to all provisions set forth o~ the fact of said Note as futfy as thagh they vre.e esc1+
~ a Maker thereof, and to the exercise by the holde? ot esch and every right therein set for[h w permitted by law, all without nofice to or consent of and without
affecting the liat?iiity o( the undersigned, aod further consent and ag?ec that any of the undersignetf may be wed by the holde~ hereof with or without joinirg
any ot ths othK endwsers or Makers of said Note and without first or contertpwaneously wirg any wth other perso~s, or otherwise seeking or protceding to
~ collect trom tAem or at~y of t1~em.
~
if
S ISEAL) "
[ ADDRE55 SIGNATURE OF GUARANTOR
€
~ (SEAL)
~ ADORE55 -SIGNATURE OF GUARANT~R
~
~
~a _
~
f
~
~
~
i
n
~
S
i
F
"s
~
~
~
ti
~
~
~ .
K .
i
i BOOK fACE 5~
~
' , .
4 . _ i
~ , . - I ~
~ ~ ' ^ .
. 4. . ~