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Home My WebLink About0286 Upon tl?~ oecurrMU of an w~~t ot d~fwit. tM Bank rt?aY ~nstitut~ sppro(xNt~ NWI p~oc«d~npt ap~irat tM Obli9ori io obuin ju<fpmM1 on ~M Not~ and/ o~ sxKCiM itt iiyhtt u?d r~m~dit~ as ~ s~cund party undK th~ Flwid~ U~ifam Comrt»rcial CaN a otM~ ~pplicabl~ law. II tAe Bank has dNm~d ~tsN( i~~CUn or upon tM occu~rMp of ~n wMt of d~fault, tM 8ank ~hsll hiv~ tM riqh~, imnwdiatNy snd wiMout turtMr action by it, to s~t otl apair?st this Not~ all monfy owad by tl~ 6snlc ie any t~p~eity to ~ach and sny Oblqa, ~~d also to s~t olf apsi~?tt all oth~r liabiliti~t ol Nth Mak~r w tM Bank all mon~y owtd by tl?~ 8snk ~n any c~p~city to qch a~d sny Nbk~r, and tM Bank fl?~II b~ d~em~d to have ~zKCif~d wd+ ~ipht of »f otf ~nd to Aavr rt~ a charp~ apainst ~nY wcA morMY imm~diatNy upor? IM otcur~tnq of wch dtfwlt wtn thouph wd~ f.hu~ it mad~ w ~nand on tM books of th~ B~~k wbssqwnt M~r~to. Unless th~ Cotl~t- eral i: pai~h~b1~ a th~~atK+s to d~clirn tpNdily in v~lw or is of ~ typ~ wstomuily sold on ~ ncopni:~d m~rk~t, tM Bank will9iw tM Msks~ nssonaW~ notip of tM timi snd pl~t~ ol ~ny publiC ssle d~p~of w tIN tim~ ~ftN which u~V ptiv~te saN or ~ny otMr inqnd~d difpotition th~rwf is to b~ rnMN. TfN rpui~~- ment ol ~on~bN notio~ shall b~ rt~t ii we~ notia is rt?~il~d. posts~ P~~Pa~d. to ~ny Mskt~ at tM addrtts giv~~ bNow w st any othK addrsss show~ o~ tIN : recwds d 1M Bank, at INSt 5 d~YS bNa~ tIK tim~ ol tM ssl~ a disposition. llpon diqwsition ol any Collatersl sfter tM occurrsna ot any d~feult, iM Obiiy~ws ~all b~ snd remai~ jointly s~d sw~nlly li~bls tw anY d~lici~n~y. TM 8ank sM11 aceount to tM MskK /or sny w~ptus bui tM Bsnk shs11 haw th~ riqht co spply all or ~nN psft ot wch w~plus (a hold tM sartw a s nserv~ sp~inst) a~y snd all othK li~bilitia ot eacA and sny Obliyor to tM B~nk. Th~ Obtgas Mr~- by waiw any riphts of ~~mptio~ Ntt~ d~twlt. All p~rtiK IiabN for th~ psymMt snd colbetion M~wf: (1) s~N to psy sll ~xp~nta incurnd or psid in tM prot~ction of Collsteral w the enfo~oep~e~t hert- of, whetMt tM S~nk is oblipa~d tMr~tw a oot, includin~ attaMy's te~s aqwl to 10%ot tM ~mount in default a wch iargtr amount ssmay ba reasonsbl~ ior s~rvic~s and ~xpK?s~s incurr~d in tM ~nfw~em~nt Aenof ~itMr p~ior a wbseqw~+t co judym~nt a~d whether in judicial proaedinqs a otherwisa, and Nw ihosa costs, ~xp~nf~s snd nssauWe attaney's f~ incwnd in apptllate proc~edings: (2) Waiv~ prtsentrntnt fo? psyrt~nt, dsmsnd, notict oi non-psyme~t, notics of prot~st snd protsst of this Note: (3) oonsent to snd waivs notict ot any and sll rer~ls or sztMSions ot tirtN, waivers, or moditicatio~s that may b~ g~anced by tM Baric with r~ect to the pslrm~nt a othe~ provaions ot this Nots o~ to che nNase of sny OWigor o? the Collaural w sny psrt therwf, with w ; w~thout wbstitution; ~nd (4) aprN that sddition~l mskers, K+do~sers, ywrantors or wrtties may become partia Mreto without notice to them a affectiny theu i 1 hability Mr~u11dM. , Th~ 8~~k m~Y at inY tims in its fol~ discr~tion compromist. fattk o? ext~nd tht tirrw of psyme~t o~ snv ot the dartWnds w obligations. reprosMted by anY ot tM s~cwiti~t PMdp~d hKeundt~ snd all of th~ partia liabk for the psyment hereoi henby msk~, corxtitute snd sppoint the Bsnk, his w tMir trw and 4wfu1 } a«aney to~ tha purpose with tull povwr snd wtlwrity to canpromis~, settlb or extend psymsnt of said d~mands w obligstio~s a~d to eWuin, sstisiy a dis- ~ charge tM tirr~e of ncord or otAerwise es tM parties liabls tor the palrment or colNction hKeof mght or could do il pe~sonally present. The 8a~k shall not b~ unde. sny lisbility w obligatio~ to take any staps whatsorver to (ix any liability upon or to collect or to entorce payment o~ any obligation pledged ss security hereunder wMthN by 9ivinp s~y notice. presentinp, d~rtMndirg psyment, protating, i~stitutiig wit w otherwise. The Bsnk shall not by sny sCt of Omission O~ tommistio~ be deemed to waive any of its rights w romedies hareuntie~ unleu such waiver shsll be in writing and signed by the Bank a~d then only to tl~a extent specitically set fath therein; a waive~ on one event shall not be co~strued as continui~g w ss s bar to or v~raiver of such ~qfit o? rertNdy on a subscquent eveot. ~ ~ The liability ot aaeh Oblipor shall be absolute snd unooaditional and without regard to the liability oi any other partY hereto. Ai?y notip shall be wffitient- IY served ~K~on ali Obligors by serving wch twtiq upon anY o~e Obligor. The notice shall be wificie~?tly servad if placect in the mail, postage Prepaid, sddresad co, or lett upon the premises oi any Obligor at a~y sddress shown on the Bank's records. ' NOTICE: SEE OTHER S~DE FOR IMPORTANT INFORMATtON . EACH MAKER ACKNOYVLEDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE DATE. . . ~ 3'~~ ~ _ (SEAL) . ADDRE55 S GN T OF MAK~R (SEAL) AO E55 SIGN TURE OF MAKER , Nasy MM O~iavi~ ' ENDORSEMENT In additiot~ to the liability ss Mdorsen, whxh the undersigned hereby aswme, for value received and intending to be legally bound, the undersgn~d (and if more than one, each of them jointly and severatly) (a) hereby unconditionafly guarantee the paymer?t of the within Note and all extensia?s or renevrels thereof and all sums payable under or by virtue thereof including, without limitation, aIl amoun[s of principal and interest and all expenses (including attorneys fees, whether i~curred in trial or appellate proteedings) incurred in the collection thereof, the enforce~nent of rights the~eunder or with respect to any sxurity there- ! for and the enfwcement he~eof, and waive presentment, dertwnd, notice oi dishonor, protest, rtotice ot protest and all other notices whatscever; and (bl consent I and agree that UNy are bound as Obligors under the terms of and are wbject to all provisions set forth on the fact of said Note as fully as though thay were each k a ~Aaker the?eof, and [o the exercise by the hotder of eaeh and evcry right therem set forth or permitted by law, all without notice to o? consent of and without f ;ffecting the liability oi the unde~signed, and further to~nt and agree that any of the undersigned may be wed by the holder hereof with or without joining ~ any of the other endorsers w Makers ot said Note andwithout first or contempwaneously wing any wch other perwru, or otherwise seekirg or proceeding to collett from tt~em or any Ofthem. ~ ISEAU ~ AODRE55 SIGNATURE OF GUARANTOR ~ ~ ISEAU ~ ADORESS StGNATURE OF GUARANTOR • ~ ' ; ~ ~ - . ~ ~ ~ . ~ URnn ~ ~ - - BQO!( tJ~~ PAGE ~H~ - ~ " ' t' ' • _ ~ t 4,r _ - ~w ~ _ - - • - - - - -;~dti ~ ~ - - s