HomeMy WebLinkAbout2292 Upon tM occwrence of an event of default, tM dank may instituq appropriaa Ngal prouedings peinst tM Oblrgas to obtain Judgment on tM Noa and/
a exacies iri rghb and remedies es • second party under the Florida Uniform Commercial Code a otMr applicable law. If tM Bank has deemed iteNf itlNCUre
or upon tM otxalrrerloe of M event of defwlt, tM Bank shall have tM right, immediately and without furtMr action by it, to set off ageiMt this Noq eN money
owed by tM Bank in any txlpecity to each and any Obliges, and also to set off against MI other liebllities of eecll Maker w the Bank all money owed by tM Bank
in any t~veeitY to aeCh and any Meka, and eM Bank ehatl be deemed to haw exereiesd wd+ rigftt M set oft and to have rnede a charge against any ew:h money
immediately upon the ooewrenoe of each default wen though arch charge b made a entered on dte books of tM Bank wbesvwnt thereto. Unlea eM Collat-
erel a perMhable a thrwtem to decline tpeedihi in vahle or N of a type customarity veld on a reooortised maker, tM Bank will give tM Makes reatortebN notice
of tM tine and play of any public saN tftereof a rite time after which any p/hraa teN a any other intended dispoeition thereof is to ba merle. `I"M requite-
mart of reetortabN notice tltall ba met it eueh notice se meiNd, pottage prepaid, to any Maker at tM sddrees given below or et any other addrtge shown on tM
records of tM flank, et Nast 5 days before the time of the uN a disposition. Upon ditpoaition of any ColNaral attar tM oaurrena of any default. tM
Obligors shNl be end etmein jointly and severally liable for arty deficiency. The Bank shell account to tM Maker for any surplus but the Bank shall haw the right
to apply eN ar any part of such wrplw la hold tM same es • reserve agairut) any and all other liabilities of each and any Obliges to the Bank. TM Obligor here-
by waive any rights of redemption aher default. '
All parties liable fa tM payment and collection hereof: 111 spree to pay all expanses incurred a paid in tM Protection of ColNteal a tM entaoament here-
of, wMthsr tM flank is obligated thereto a not, int:krdirg attorney's fees egwl to 10%of tM amount in default a_sud? larger amount es may be reesonable
for setviae and axpettees incurred in tM enfaoement Mreof either pia a wbesgwnt to Judgment and whether in judicial prootedinps a otherwise. and alto
those costs, experoes and reasonable attorney's fees incurred in sppNlate prooNdirgt; 121 waives presentment for payment, demand, notice of non-payment,
notiq of protect and protest of this Note; 131 ooraerlt to and waive notice of any and all renewals a elitentions of time, waivers, a modifigtions that may ba
granted by tM Bank with respect to tM payment a other provaiorq of this Note a to tM reNaea of any Obliges a tM Collateral or any part iheraof, with a
without substitution: and l41 agrees that additiortsl makers, endorsers, guarantors a sureties may become parties hereto without notice to them a affecting tMir
liability hereunder. -
TTIe Bank may at any tins in iri toN drscration compromae, settN a extend tM time of payment of any of tM damsnds a obligatipns,.npnsanad by any
of tM sepMitNe.pierlged herwnde+ end all of tM ponies tiabN for tM payment Mreof herby make, constitute and appoint tM BaMc, his a tMM trw and Nwful
attaney for Mie purpoN with full power and suthaity to compromise. settN or axterd payment of said demands a obligations and to soquire,~sstisfy a dis-
charge tM ssnle of record a otherwip es tM parties IiabN fa tM payment or colNction hsraof might's could do if personally present. TM Bank shell not be
under any liability a obligation to eke srly stage whatsoever to fix any liability upon a to tolNet a to enforce payment of any obligation pledged as security
Mnurndsr wMtMr by giving any notip, presenting, damardirg payment, protesting, instituting wit a otMrwiee.
The Bank shall not by any act of omission or commission M deerrted to waive any of its rights or remedies Mrwndsr unless such waiver shell be in writing
and signed by the Bank and then only to tM extent specifiglly set faM therein; a waiver on one avant shall not be Construed es continuing a es • bar to a
waiver of suet right a remedy on; wbsetnlent event.
The liability of each Obliges shall be absolute and unconditional and without regard to tM liability of any other party hereto. Any notice shall be wtficient-
IY served upon all Obligors by serving wch notip upon any oM Obligor. TM notice shall be wtticiently served it placed in the mail. postage prepaid. addressed
to, a left upon tM prertlites of any Obliges 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. -
(SEAL)
SIGNATURE OF AKER
(SEAL) Q/~~~~ -
ADDRESS ~ SIGNATURE OF KER
ENDORSEMENT
In addition to the liability es endorsee, which the undersigned hereby assume, for value received and intending to 6e kgally bound, the undersgned land if
more than one, each of them jointly and severally) lal hereby unconditionally guarantee tM payment of the within Note and all extensions a renewals thereof
and all wms payabN under a by virtue thereof including, without limitation, all amounts of_principal and interest and all expenses (induding sttaneys' fees, '
whether incurred in trial Or appellate proceedings) incurred in tM cdNction thereof, the enfarxarlent of rights thereunder a with respect to any security tfiere-
for and the enfaoement hereof, and waive presentment, demand, notice of dishonor, protest, notice of protest and all other notices whatsoever; and Ibl consent
and agree that they are bound as Obligors under the terms of and are wbject to all provisions set forth_on the fact of said Note as fully es though they wen each
i a Maker thereof, and to the exercise by the holder of tech and every right therein set forth a parmittsd by law, all without notice to or consent of and without
affecting tM liability of the undersigned, and tunher oortsant and sgrae that any of the undersigned may bs wed by the holder hereof. with a without joining
f any of tM other endorsers a Makers of said Nate and without tint or contemporaneously wing any wdl other persons, or otherwise seeking or propedirg to
collect from them or any of them.
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ADDRESS SIGNATURE OF GUARANTOR
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~ ADDRESS SIGNATURE OF GUARANTOR
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