HomeMy WebLinkAbout2299 r
tJlwrt tM ocCtfrrerta of an event of default, tM flank nay institute appropriaq IpN Droceedietgt aoaiMt tM Obligors to obtain judgment on tM Noq ands-
pr exercise is rpha and remedies es a secured party under tM Florida Unilam Carwrtsrcial Code a otMr appliubN law. It tM Bank hes deemed itsNt insecure
or upon tM oocurretta of art event of defwlt, tM flank shall Mw tM right, inxrtedistNy and without further action bti it, to set off ageirtst the Noq all matey
owed by tM Bank in any capacity to tads and any Obligor, and also to Nt off ageiMt NI other liabilitiest of aedt Maker to tM flank all money owed by tM Bank
in any capacity to each and anY MekN, and tM Bank than be deemd to haw exercised streh right of sat cif and to hew made a charge ageintt any each morML._
immediately uptln tM opt:Wrerta of tech default eiNn thagh such charge b made a entered on tM books Of tM Bank wbtegwnt thereto. llnlese tM Collar= ,
as1 k perithabN a MrNterq to decline tpeedity in vakia a is of a type wstonlerily sold on • noognised market, tM Bank will give tM Maker reasortebN notify--
of tM timl and plea of arty public aN thereof or tM tirrte afar which arty p?ivaa sales or any other intended deposition thanot a to be made. TM rpuira• i
mutt of reasonabN notice than be mat it each rtotioe i< nailed, pottage prepsid, to arty Maker at tM adrJrest given below or at any. other addrea shown on tM
recadt of tM Bank, at leest 5 days before tM time of iM saN a disposition. llport disposition of any Collsteral after tM oocurrertca of any defwlt, tM
Obligors shall W and remain jointly and teverslly IiabN fa any deficiency. TM Bank sMll arxxturtt to tM Maker fa arty wrplus but tM Bank shall haw tM right
to apply aN a any part of such wrplut la hold tM same es a reserve ageinst3 arty and all other liabilities of esch and anY Obligor to tM Bank, TM Obliges here-
by waive any rights of redemption aftst? default.
All parties liable for tM payment and collection hereti: !11 agree to pay ell expenses incurred a paid in tM protettlon of Collagral a tM enforcement har~~
of, whether tM Bsrtk is obligated therefor or not, including attorney's fees equal to 10%of tM smount in default a such larger amount es may ba nasortable
for service and expenses incurred in tM anfaoamertt hereof either prig a wbsegtrertt to judgment and wMther in judicial proceedings a otherwia, and alto
those coca, expatteea and reasonable attanw's fns ittcwnd in appellate procNdirtps; 121 tolleive presterttnant fa paymMt, demand, notice of noniayrtant,
notice of protest end protest of the Noq; l31 content to end vwiw rtotia of arty and all renewals a extensions of tirrte, waivee, a motlif iationt that may be
granted by tM Bank with respect to tM psymertt a other provisiore of this Noq a to tM celeste of any Obligor a tM Collateral a any part thereof, with a
without strbstitution; end t41 spree thst additaral maker, ertdorsert, gtlarsntas a wreties may becona parties hereto without notice to them or affecting thew
liability hereunder.
The. Bank msly at any time in is sole discretion gompranite, settN a extend tM time of payment of any of tM dsrrartds a obligations, represented by any
of eM tectnritiea pledged hereunder end all of tM panics liable for the psynant hereof Mreby make, constitute end sppoint tM Bank, his a tMir trw end lawful
errancy for this purpose with full power end authority to compromise, settle a extend paymutt of said derrartds a obligations and to acquire, satisfy or dis-
charge tM same of record-or otherwise es tM parties Babb fa tM paynant a collection hereof might nx could do if personally present. TM Bank shell not be
under any liability a obtigstion to take any steps whatsoever to fix any liability upon a to collect a to enfaa paynant of any oblgetion Pledged a¢ iacurity
hereunder wMthsr by giving arty notice. presenting, demanding psyrrant, Protesting, imtituting wit a otherwise.
The Bank shell not by any act of omission a txlrrtrrtission be deemed to waive any of is rights a remedies Mrwnder unless such waiver shell be in writing
and. sigrtad by tM Bsnk and than only to tM extent specifiglfy set forth therein; s waiver on one event shall not be construed as continuing a es a bar to a
waiver otsur~t right a remedy on a wbsaquent event. ,
The liability of each Obligor shell be sbtolute end uneottditional and without regard to tM liability of any outer party hereto. Any notice shall be wfficient-
Ir served upon all Obligors by serving wd? rtotia upon arty ate Obligor. TM notice shelf be wlficiently served if placed•in tM rnsil.postage Pnpsid, sddresssd
ro, a Mft trport tM premises of any Obligor at any address shown on cM 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.
T~ a ~7a .fie (SEAL)
ADDRESS ~ TURE E
_
ISEAt_) '
ADDRESS ~ ~ S NATU E OF MAKER . -
ENDORSEMENT.
In addition to tM liability as endorsers, which tM.undersigrxd hereby aswme, for value received and intending to be legally bound, tM urtders'tgned land if
more than one, tech of them jointly and save?ally) Isl hereby unconditionally guarantee tM paymsrtt of the within Note and all extensions a renewals thereof
and all wms paysble under a by virtue thereof including, without limitation, all amounts of principal and interest and all expenses iirtduding attarteys' foes,
whether irtcurrad in tri81 a appellate proceedings) incurred in tM collection thereof, tM enfatxurtertt of rights thereunder a with respect to any security there-
for and tM enfaoement hereof, and waive presentment, demand, notice of dishonor, protest, notice of protest and all other notices whatsoever; and Ib) consent
~'i and agree that they are bound ss Obligors under sM grmt of snd_sre wbject to all provisions set forth on the tact of said Note as fully as though they were each
a Maker thereof, and to the exercise by the holder of eadt end every right therein set forth a permitted by Isw, all without notice to a consent of and without
affecting tM liability of tM undersigned, and further consent and-agree that any of tM undersigned may be wed by the holder hereof with a without joining
i any of tM other endorsee or Makers of said Note and without first or contemporaneously wing any wdt other persons, a otherwise seeking of proceeding to
collect from them a any of them.
e
~ (BEAU
¢ ADDRESS SIGNATVRE OF GUARANTOR
(SEMI
ADDRESS SIGNATURE OF GUARANTOR
a
t
` t;: ,
3
a
- _
~