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Home My WebLink About1687 l t lKsort tM ACturrerKY of an event of default, tM Bank may institute appropriaa legal proceedings agaiMt tM Obligors tq obtain judgment on tM Note and/ or exerciae its rphu and remedies s: a secured party under tM Florida Uniform Commercial Code a otMr applrcabN law. If tM Bank has deemed ittNt insecure or upon tM otxurnrtu of an event of default, tM Bank shall have tM rpht, immedwtNy and without further action by it, b set off against this Note all money owed by the Bank In any opacity to each and any Obligor and also to at off agsintt all other liebilitiea of each Maker tot Bank all rrai»y owed by tM Bank in any capacity to each and any Maker, and tM Bank thaN be deemed to haw axerciad such right of set oft and to Mw ~ • charge against any such money immediately upon tM oot:urrenq of suM default wen though such Marge is made or entered on tM books a tM Bank st~bsegwet thereto. Unless tM Collat• eras a perisltaWe or threatens to decline speedily in wlw tx is of a type customarily sold on • racopnued market, tM Bank trill give tM Maker reasor+abh notiq of eM time and play of any public saN thereof or tM time otter which any private saN a any othN intended ditpositbn thereof b to be made. TM require- ment of reasatabN notice shah be met if suKlt notcee is mailed, postage prepaid, to any Maker at tM address given below a at any outer address shown on eM records of tM Bank, at least 6 days before tM time of the sale o? disposition. Upon disposition of any'Collateral attar tM occurrertoe of any defwlt, tM Obligors shNl be and remain jointly and sMrNly IiabM for any deficiency. TM Bank shall atxount to tM Maker for any wrplus but tM Bank shall have tM right to apply aN or any part of suM wrplus for hold tM same as a reserve against) any and all other liabilities of esM and arty Obligor to tM Bsnk, TM Obligors Mre- by waive Mly rigAls of redemption after default. All parties liable for tM payment and collection Mreot: Ili agree to pay all expense irttwrred or paid in tM Protection of Collateral or tM entortx+frnrtt have- of, wMther tM Bank is obligated tMrefor or not, including attorney's tees egwl to 10%of tM amount in default or suM large? amount as may be reasonable for services and expenses incurred in tM enforcemMt hereof either prior or subsequent to judgment and whether in judiciN proceedings a otherwise, and also those costs, expenses and reasonable attorney's fees incurred in appellate proceedings: l21 waive presentment for paymer?t, demand, notice of nonpayment, nutiq of protest and protest of this Note; 13) consent to and waive notiq of any and all renewwls or extensions of time, waivers, or modifications tMt may be g+anted by tM Bank with respect to tM payment or other provisions of this Note or to the nNasst of any Obligor or tM Collateral or any part thereof, with crc without substitution; and (4) agree that additional maker, endorsers, guarantors a orreries may become parties hereto without notice to them or affecting tMir , liability hereunder, TM Bank melt at any time in its sole disuetion compromae, settle or extend tM time of payment of any of tM demands or obligations, represented by any of the securities pledged hereunder and all of the parties liable for tM payment Mreof Mreby make, constitute and appoint the Bank, his or their true and lawful attorney far this purpose with full power and authority to compromise, settle or extend payment of said demands or obligations and to acquire, satisfy a dis- charge tM same of record w otherwise as tM parties liable for tM payment or collection hereof might or could do if personally present. TM Bank shall not be under any liability or obligation to take any steps whatsoever to fix any liability upon or to t:olleet or to enforce payment of any obligation pledged ss security Hereunder wMther by giving any notice, presenting, demanding payment, protesting, instituting wit a otherwise.. TM Bank shall not by any act of omission or commission be deemed to vwive any of its rights or remedies Mreunder unless such waiver shall be in writing and signed by tM Bsnk and then only to tM extent tpecitically set forth therein; a vwiver on one went sMll not be construed as continuing or as a bar to a waiver of suM right o? remedy on a subsequent went. TM liability of eaM Obligor sMll be absolute and unconditional and without regard to tM liability of any other party hereto. Any notice shall be wftieient- ly served upon all Obtigas by serving wM notice upon any one Obligtu. TM notice shall be wfticiently served if placed in tM mail, postage Prepaid, sddrsseM to, o? left upon tM premises of any Obligor at any address shown on tM Bank's records. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION EACH MAKER ACKNOWLEDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE DATE. • ~li~ a~ (SEAL) ADDRESS ~61GRE OF M ER ~t st. trci.. ~ x~ e . (SEAL) ADDRESS RE OF MAKER ~ - _ ENDORSEMENT In addition to the liability as endorsers, which tM undersigned hereby aswme, for value received and intending to be kgaNy bound, tM undersigned land if more than one, each of them jointly and severally) (a) herNst? untcortditionally guarantee tM payment of the within Note and all exteraions or renewals thereof and all wms payable under or by virtue thereof including, without limitation, all amounts of principal and interest and all expenses IinNuding attorneys' fees, j whether incurred in trial Or appellate proceedings) incurred in the collectioh thereof, the enforcement of rights thereurxkr or with respect to any security there- ] for and tM enforcement hereof, and waive presentment, demand, notice of dishonor, protest, notice of protest and all other notices whatsoever; and (b) consent ~ and agree that they are bound ss Obligors under tM terms of and are wt>ject to alt provisions set forth on the fact of said Note as fully as though they were each ~ a Maker thertoi, and to the exercise by the holder of each and every r fight therein set forth or permitted by law, all without notice to or consent of and without affecting tM liability of the undersigned, and further coruent and agree that any of the undersigned may be wed by tM holder hereof with or without joining any of tM other endorsers or Makers of said Note and without first or contemporaneously wing any wM other persons, or otherwise seeking a proceeding to collect from them Or any of them. E - (SEAL) + ADDRESS SIGNATURE OF GUARANTOR (SEAL) ' ADDRESS SIGNATURE OF GUARANTOR r - C y~ ac~K ~OZ ~M~~~687 } 0. [[C + Myy~ ~ ~ r