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Home My WebLink About1036 llpon tM occurnnc~ of a~ twnt ol d~fwlt. tM 8ank may institut~ approprua ~pN Procwdinps ap+~m~ ~M Obti~as to obta~o judpnwnt on th~ Noa and/ or ex~rcip ip riqhtt ux! rtm~dia a+s~a+nd party u~d~r tM Florid~ Unifam Comrtwrcial Cod~ or otl+~r applicabl~ law. li tht 8ank has dNm~d it~lt ins~cur~ or upon tM ootu~r~nq of ~n w~~t ot d~fwlt, tM Bank M~11 haw tM ri~ht, imm~diatNy snd without turtMr sctia? by it, to s~t otf sp~inst lhit Noa al1 mon~y owed by th~ 8urk io a~Y c+P~ity to wd~ ~nd any Oblipor, ~nd ~ISO to at ofl ap~iest ~II othK li~bilitip of ~sch M~IcK to tM Bank all mon~y ow~d by th~ Ba~?k ~n any Cap~City to NCA and ~ny MikN. s~d tf» B~~k ihNl bt d~msd to h~w ex~rciwd wd+ rght of ~t ofi ~nd to hav~ rt»de a chs~p~ ip~inst any wch mon~1? ~mmsdi~tNy upon tht oowrr~na o1 wch d~tault wM thouph wch dNr~ is rt~ w Mttnd on tM bookf of tM Bank wb~qwnt tMrato. Unlps tM Collat- aral is pai~bl~ o? thrwt~+u to d~clin~ ~pNdily in vNu~ or is of ~ typ~ customarily ~o1d on ~ r~copnu~d muk~t, tM B~nk will giw tM MakK natonsbt~ notiq ot iM tlm~ and Maa oi sny puWic aN tM~wt or tM tirrr stur which snY P~ivsa ~N a~^Y a~?~Mta~cNd disposition thKwf is to b~ mad~. TM rpuirr me~t ol n~onabl~ notia ih~ll b~ m~t if weh notip M rt?~it~d. P~~~ P~~Pa~d. to snY Malur st tM sdd«a 9~vrn b~low a~t ~ny oth~. add~KS shown on tM reco~d~ of tM 8ank. ~t Nast 6 days b~fon tM tim~ of che saN a dispaition. Upon disposicion ot any Collat~ral st~K iM occu~nnp of sny d~fwlt, tM Obligtxs shsll b~ snd r~io ja~tly and Nv~rally IiabN iw ~nY d~fiti~ncy. TM 8a~k sh~lt sCeount to th~ MakK for ~~y wrplus but th~ Bink ~f?sll hsw th~ right io apply ~tl or ~nY psrt of wch wrplus (a hold th~ sanw as a ns~rv~ apainstl any and all othK liabilitia of ~ach snd snY Oblipa io tM Bsok. TM Oblipors h~re- by wsiv~ M~y riphts of r~mption ~itK dtiwlt. All psrtia li~bN fa tM p~ym~nt a~+d colt~ction Mnot: (11 spr~e to psy all ~xp~ns~s incurrod w paid in iM p~ot~ction of Collate~al or th~ ~n(orp~nt hK~- of, wh~th~r tM Btnk is oblig~t~d thenlw or not. includi~y ~ito~~ty't hss pwl to 1Mfiof tM smount in ddsult a wch lug~r srtwunt as msy b~ naso~sbb tor ssrvic~t and ~xpMS~s inturrad in tM MforcemMt htrwt sitMr priw or wbseqwnt to judqmtnt and vrlwtMr io IudiCisl prot~edin9s w otl+Kwis~. aod ~fto inose cosn. ~xpa+s~t ~nd nssonsW~ attansY ~ t«s incurnd in appellaia P~oa~dinsp: (2) vraivr Pr~antmN?t fa pav~++~nt. d~mand, notice ol na?-paymenc, nocice of protat ~nd protat of tAis Note; (31 ca?sent to and wsiw notiee of any snd sll n~wwls w ~xta~sior+s of tims, wsiva~s, a modifications that msy W granted Dy th~ BsNc with nsp~ct to tM paYmeot or other provisiaa of this Note w to cM nN~st o1 snY Obliga w tM Collat~wl or any psrt ih~rsof, wid~ or w~~houc wbstitution: a~d l4) ap~N thst sdditionN nn~k~n, ~~do~sers, pus~snton w.wreties rtry bsco~rM Parti~s Asr~to without notioe to them a sftecti~g their liability FNtWntkr. ~ Th~ B~nk m~y ~t sny time in its sole discntion compromps, stttN or ~xt~nd tM timt ot payment ot any of th~ d~msnds or obliyations, rpre~nnd by sM? ot the seeuriti~s pbdy~d herwnd~r snd all of ths pani~s IiabN for the psYment Mnof henbY mMu. constitut~ s~d sppoint tM Bsnk. his or th~i~ trw ~nd lawful attorne~? for this purpos~ with tull porwr and wtlrority to comprom+s~. settM a ~xand payma+c of ~id dKnsnds o~ oWgations and ~o soquin, sstafy or dis- charge tM s~rtM of record or othe~wis~ es tM psrtiss lisble ta the payrt?~nt or collection hueof might w could do if perso~ally present. The 8ank shall not bs under any liability or obliystion to take any tteps whatswwr to tiz any lisb~lity upon or to collsct o~ to eniotce payrtxnt of ~Y obliyation pkdy~d ss tacuritY hereundK wh~ther bY pivi~q snY notite. P~ese~tinp. d~rt~sndit~p paY~rNnt, protsstirg, inttitutinp wit or otf~wise. The Bsnk fhall not by snY act oi omission or commission ba daemed to waive any of its rightsw remodiq hereunder unless such waiver shall be in wrcitinp and sigtwd bY tht Bank and then on1Y lo tha extent 3peCitiplly set fwth ther~in: s waiver an ons event shs~~ not be consaued as cootinuing w ss s bsr to w waiver ot wCh right or ~M~edY Oo a wbsequMt we~t. . The liability of s~eh OWi9or sha~l be sbsotute and unoonditional snd without regard to the liability of any other party hereto. My notice shsll bs suffieieot- ~Y se.ved upon sll Obligas bN serwnp wch nobce upa? a~Y one Obligor. The notice shall be wHiciantly servsd it placed in the mail. Postays Prepsid, address~d to, or left upw~ tM promises ot any Obligor at a~y sddress shown on the Bank's records. NOTICE: SEE OTNER SIDE FOR tMPORTANT INFORMATION . EACH MAKER ACKNOWLEOGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE ~ATE. ~Q~ ~~t1f V• ~~t~~s l~~ ~0» ISEALI ~ ADDRESS ~ F M KER ~ /l (SEAL) ~ ADDRESS OF MAKER ~ ENDORSEMENT In addition to ihe liability as e~dorse~s, which the u~dersigned he?eby aswme, ~or value received and intending to be legally bou~d, the undersgned (and if mo~e than one, each of them jointly and severally) (a) hereby uncondi[io~ally guarantee tha payrnent of the within Note and all eztensio~s or re~ewals thereof and all sums paysble u~der w bY v~rtue thereoi including, without lim+tation, a11 amounK oi principat a~d interest and all ezpe~ses (including attorneyi fees, whether inturred in t~isl or appe~~ate proteedings) incurred in the co~lection thereof, the enforcement of rights thereunde? or with respect to any secu?ity there- tor and the enforcertient hareof, and waive presentrtmnt, demand, notice of dishonw. protest, notiCe ot p?otest and alI other notices whatsoever; end (b) consent I; and agree that they a?e bound as Ob~~9o?s under the terms of arxi are wbiect to all provisions set forth on tfie fact of said Note as fully as though ihty were esch ~ a Maker therwf, and to the exercise by the holder of each and every right therein set forth or permitted by taw, all without notice to or co~sent of and witfiout E affecting the liability of the undersigned, and further consent and agree that any of the undersig~ed maY be wed bY the holder hercof with o. without joining any of the othe? eodor~ars or Makers of said Note and without first or cw?temporaneously suing any wcf~ other persons, or otherwise seekirg or proceeding to ~ co~lect from them or any of them_ ~ . - . _ ~ (SEAU A~DRE55 SIGNATURE OF GUARANTOR ~ ~ ~ (SEAU ADDRE55 SIGNATVRE OF GUARANTOR ~ ~ ~ ~ ~ . • . ~ - ~ ' ~ ~ ~ ' ~ ~ . ~ • ~ _ , s~~3~ ~~1t135 ~ ~j~ y ~ ~ .~~,h ~ , : - - : - - s .,.,;yµ ~ ~ _ ' = , s ~~'~~x.=~~ x °'~%~"k. r~ -r ~ ~ . --x _ . ~