HomeMy WebLinkAbout1044 . i
. ~
llpon tM occur~~ct ol an wt~t of dNault, tM Bank m~y institut~ appropri~t~ Ip~l procNdinp~ ap~imt th~ Oblipo~s to obai~ judprn~~t on tM Nott ~nd/ ~
exac~~ ib riqhq snd r~m~di~t a ~ s~cund pa?ty undK tM Flwid~ Unilam Comm~rcial Cocf~ a otMr applicabh law. It tM Bsnk has d»nwd it~lf ins~cur~
o~ upon tM oxurr~na of an w~nt of d~fault, tM 8snk shall h~ve tM rqht. imnrdistNy and without turtM~ action by it, to s~t ofl sgsi~st tAit Not~ ~II mor?~y
ow~ed by [h~ 8a~k in ~ny csp~city to Nch ud ~nY ablqor, and Nw to qt olf apiirat ~II othK liabilitia of ~ach N4k~r to tM 8snk all mor~y ovwd by th~ Ba?k )
any capacity to wch ~nd ~ny N1~kK. .~,a ~n. s.~,n.u a d..~+.a ro n.w.xK~y.a ~,a+ ~~n~ a~t off snd co h~w rt~ ~ cha~p~ ~ie~t sny wch monw ~
~mmsdiauly upon N+~ oocurn~ ot wcl? ddwlt ~wn thouqh wd~ cbsrp~ is rt~ w~nta~d on tM books of ch~ 6sr+k wbs~quset th~nto. UM~u tM Coll~t-
e~ai is pKishabl~ w tArpta?s to dalin~ tpadily in valu~ w b of a typ~ eustomwily sold oo ~ ~~oopni:~d rnNlc~t, tM B~nk will yiv~ tfN N4kN rMSOnabN no~iei
or che tim~ ~nd plsa ot sny public taN thKwf or tM tlm~ sttK which sny privaa wN or ~ny otha int~nd~tf dispotition tht~wi it to bt n~. TM rpuir~-
meni o( ~~atwybN notip d~Nl b~ nrt if woh eotip a m~il~d. posta~ pnpaid. to any MakK ~t iM sddrsst qiwn bNow w at a~y othM addrt~ thown o~ th~
~ecords of th~ B~nk, st I~ui 5 dsys bNon eM ~im~ of th~ sak or d'aposition. 11~~a+ di~ition of any CollsiaM attK tM oecurr~nca ot any d~f~ul~, tM
•
Obl~gcro shstl bt snd ~em~in jantly a~d swtralty liabb tor ~ny d~fici~nCy. TM Bsnk sfiall ~ccount to tM MakN to? sny wrplus but tM Bank shsll fiaw th~ ripht i
~o apply ~11 a sny part of such wrptus (a hold tM s~nN ss s ns~ agsinst) sny snd s1I othK liipilitia oi each snd sny Obligor to tM B~~Ic, TM Oblipors here• ~
by waiw any riphts of ~ad~mption att~r d~fsult,
AII pa~ti~s lisbl~ for tAe psyrnMt u~d coll~ction Mr~of: (11 apree to p~y sU ~xp~ns~s incurnd w psid in tM protation of Collat~ral w tM enforce~r~nt Aen-
of, whethN th~ Bink is oblipaad tMrtfo? or not, includinp ~ttan~y's f~ pwl to 10~of tM amount in d~tault a wd~ la?yK smount a~ rt?ay be ressonable
~o~ serviCN ~fld ~xp~fW~ inturted in thf MfOrpmMt h~h0~ fitMr priOr Or fubflquMt t0 judynMflt ~fld wMthN in judici~l proc~edinpt a otMrwiss, and ~ISo
inose coscs, txp~nWS and nsson~bl~ attan~y's f~p incu?nd in sppellate p.oce~dinps: (21 wsiw p~~ntm~nt fo~ psym~nt, dtmsnd, ~otia oi non-psyment,
~,o~~ce of protat snd protat oi this Not~; (31 consu+t to axi waiw notiw of any and ~II nrwwsl: or ~xar?sions of tim~, vwiven, or modific.ations t1~at may b~
g+anted by tl~ Bsdc, with nspect to th~ psyment w other provisiaa oi th~ Not~ o~ to tM nlease of any OWigor a the Collsteral or ~ny part thereof, with or
w~ihout wbatitutioe: ~nd (4) agrN th~t sdditio~~sl m~ksrs, Mdo.sa~s, yvarantors o~ wrtti~s m~y b~conr partia t~eto without notice to tAem or sfiecting tMir M
liab+lity hKWnd~r. _ .
~
The 8ank m~y at ~ny time in its sok disCretion tompromisl, settk or extend ehe lime of payrt~ent oi any oi the demsnds o? oblpstio~s, rapntented by sny
ct che pcuriti~s pl«i~d herwndK aod sll ot th~ parti~s liablt fo~ tM paYment Mrsof her~by mak~, oons~ituu u+d appoint ehe 8a~lc, his w tMir crus and Iswful
ac ~o~ney for this purpoa~ with full. pow~r and wthority to corn~xomi~, setcM w excend psymsnt of s~id d~mands a obliyatiaa and to aopuin, s~taty o? dis-
cna~ye ~M'sam~ oi record w otherwis~ ss the psrties IiaWa tor th~ payment w eo8ection hereof mipht or Could do ii p~rsonally pres~nt. The Bank ~hall not b~
;,nder any lisbitity w obligation to take any stept whatsoeva to tiz any lisbility upon w to eollect w to entorce psyment ot any oblgatiw~ pled9~d as security
hereurxfer wMthN by 9ivinp sny notid. presMting, dem~nding psymant, prOt~sti~p, iostitutinp suit o? othe~wise. j
The 8a~k shall not by any sct of omission w tommission ba daemed to waive any ot its rights w remedia hereunde~ unless such wsive~ shsll bs in w?itiny 1
and signed by the Bsnk at~d the~ o~ly to the extent spetifically set torth therein; a w0iver on one event shall not be construed ss continuing or as a bar to ot
~aiver o} wCh right Or rertlydy On s Subsequent lvR~t. j~
,
The liability of each Oblqor shall ba sbsolute snd untotWitionsl arM witAout regard to tM liability of any other party hereto..My notite shall be wttitient• 3
iv served upon sll Obligas by serving wch notioe upon anY on~ Oblgor. The notice shall be wificiently served if placed i~ the mail, postaye prepaid, addresse0 i
to, or ieit upon t1~s premises of any Obligci~ at a~y sddrets showo on the. Bink's records. •
NOTICE: SEE OTNER SIDE FOA IMPORTANT INFORMATION ~ ~
EACH MAKER ACKNOWLEDGES RECEIPT OF A CONFORMEO COPY OF THIS NOTE ON THE ABOVE OATE. ~
. ,
1192? Cora2 Fl. (SEAL) ~ ~
' i
ADDRESS J: al SJGNATURE OF MAKER j
$f1
; S~ca Raton, 33Q32 IsEA~?
;
'i ADDRE55 SIGNAT OF M KER
~ - . ~ Dorat~y K. ~~a s'~ ;
~
~ - ENOORSEMENT ,
~ •
~ In additio~ to the liability ss endorsers, wfiich the undersigned Ix.eby aswme, for value received and intendi~g to be le9aily bound, the undersignsd (and if
i mcre than one, each of them jointly and severally) (a? hereby unconditio~+ally guarantes the payment of the within Note a~d all exterxions w renewals thereof r
ar.d all sums payable unde~ w by virtue thereof i~cludirg, without limitatio~, all amounts of principal and interest and all expenses {irtNuding attorneys fees,
~vhether incurred in trial or appellate proteedings) incurred i~ the colleCtion thereof, the enforcetnent oi rights thereunder or with respeet to any seCUrity therr
ro: and the enforcement hereof, and waive presentment, dema~d, notice oi dishonor, protest, notice of p?otest and all other notices whatsoever; and (b) conse~t ~
and agree that they are bound as Obligors under the terrr?s of and are wbject to all provisions set torth on the fact of said Note as fully as though they were esch ~
a h~±aker [he~eof, arid to the exercise by the holde? of each and every right therein set torth or permitted by law, atl without notioe to w rnnsent of and without ~
;ffecting the liability ot the urxlersigoed, and further tonsent and agree that any of the undersigned may be wed by the holder hereof with or wiMout joinirg r
a~y of the otAer endorsers w Makers of said Note and without fint or contert~poraneously wing any wcfi other persons, or otherwise seeking or proceeding to
coliect (rom thtm or any of them. a
~ I
(SEAU i
ADURE55 SIGNATURE OF GUARANTOR~
- :
4
(SEAL) . e
AODRE55 SIGNATURE OF GUARANTOR
{
~
i
~
. soQK 3C~3 1043 ?
,
_
t - .
_ . ~ - - ~ - _ ~s~