HomeMy WebLinkAbout0526 ,
upon tM occurr~nc~ ot s~ ~v~n~ ol dttsult, tA~ B~nk m~y inu~cut~ appropr~~te ~pa~ Proc~d~npt s9a~n~t th1 Oblipors to obtai~ judqm~nt on tM Not~ and/ .
exeruM its r~yht~ ind nrtMdKt as i Ncured pMty u~r tM Ftorid~ Unitam Comrtrrasl Codt a otMr applit~bl~ law. 11 tM Bank has dN~n~c1 itNll ins~cun 1.
upon tM oocurnoq ot an ~wnt o1 d~faull, t1N Ba~k sAa11 Mw tM ~~yht, imm~cl~uNy snd wi~hout fwtMr sction by i~, to t~t oif sg~~nst this Noq all moMy
o.oed Ay tM Bank in sny capscity to ~ath and anY Oblgw. ~nd slio co s~t oft spamst ~II other 11abiliti~s of eacA Mak~? co ~he Bank all moneY owed by che Bank
any tap~city to ~sch ~ed ~ny N4k~r, and tM Bank th~ll b~ dMm~d to h~w ~xKCis~d wch ~ipAt ol t~t oll ~nd to Mw n~ a charp~ s~~Mt iny fud~ mOMy
~mmedi~tNy upon tM occurrMp of wch dtfault tvrn thouyh wd~ chsrg~ is mad~ o? ent~nd on tM bookt of tM Bsnk wbspuent thereto. Unltss the Collat• '
e~ ai ~t puithaW~ a tArqtMS to d~tlirw tq~dily in ~ralw or it ol a typ~ customarily sold on a rKOpnis~d muk~t, the Bank will piw the Maks~ rtawnabN notic~
o~ ?he tim~ ~nd pl~c~ of sny puWic sah thp~of a tM tim~ ittN which aoy p~ivaq sM~ or a~y othK int~ed~d d'aposition thKwt is to b~ n~. Th~ rpui~~•
rT,en~ of rwsonabN notia ih~ll b~ m~t if ~u~h notia b eeyil~d, posiape pr~psid, to any Malw at tM sddnss qivm below a at any oth~r ~ddrtss ~t?ow~ on ~h~
~ecords of tM Br+k, at Iwt 6 days bNon tM tim~ ot th~ ss1~ a dupr~sitia?. ll~wn di~potitian of sny Collat~nl after tM occurreno~ ot ~y d~fault, ~h~ i
Obi~gors shMl Df u~d r~main jointly aod s~v~rdly li~bl~ iw ~ny ddicienty. TM Bank shall sccount to th~ Nlik~r fw any wrplus but tM 8ank shall hsN 1ht ~~yht ~
~o apply ~II a am psrt oi such w~plus (o~ hdd th~ s~me u ~ r~rv~ aga~nsd any and atl oth~r li~bilities ol tsch and sny Obligor to tM Bank, TM Oblpors here- ;
by waiw any ripha of r~mption ~tt~r dttwlc. #
Ail puti~t Ii~W~ fw tM psym~nt ~nd colNction Mnot: 11) spne to psy all expensa incurr~d or ps~d in tM proteetion ot Cotlateral or the er~torp~nen~ Aert- ~
01, wh~thK tt» 8ank ii oblig~tad itwr~tor a not, includinp stta~ey i INS pual to 10~6of tM artwunt i~ de(ault or wcfi laryer amount as may b~ ~easonable '
ior servicM antf ~xp~nqs incurr~d in tM M~orc~mMt hKwf tither pria o~ wbsequent to jud9ment and whethn in juditial proc~edings w otherwis~, and slfo ,
enou cosa. txpw~s~s snd nsso~sW~ sttan~y's fMS incwnd in sppellaa proce~d~ngs; (2) waive p~esMtment fa psyment, demand, notice of rwn•pavrtwnt,
~oi ~ce ot proUSt ~nd protest of this Non: (3~ M11fMt tO ,f~d we~vQ nOliq O~ ~1y afld 8U ~f11fW~lf O~ ~XtMiW~1f 01 lirtlR, waiv~rs, w modificationt that may be .
y~ ~+n~ed by the Bsrrc with respect to the psym~nt a othe~ provisions ot this Note or to the nluse ot sny Obli~or w the Collat~ral o~ any part thnsof, with a
.,~thout wbstitution; snd (4) sgrN that addition~l rn~kas, endo?sers, gua?antors or suretits may become Psrties here[o without notice to them w~sttecting thei~
I~ability A~fwfld~I. t
The B~r?k msy at any tims in its sole discretio~ comprom~se, setck a extand ihe ~ime of paymen~ of any o1 ~he demands a obl~yations, reprtsMted by any
oi ihe s~curiti~s pl~dy~d Mrwnder and sll of th~ parti~s Inbk tor ihe psyment h~reof hersby mak~, consiitute and a~oint the 8ank, his or tMi~ true and lawiul
a~corney for this purpw~ with full powK snd wthaity to compromise, settb o~ extend payment of said demaods o~ obligations a~d to aoquin, satisty or dit- ~
cn.3rge tM ssme ot rxo?d w otherwis~ as the pa?ti~s IiaWt fo? the payment or collection hereof miyht or could do it personally present. The Bank shall not be
under any liability w obligation to take my steps whatsoeve. to tix any IiabiGty upon or to collect w to eoforce payment ol any oblgauo~ pledgsd ss secunty ~
ner eurule~ wMthN by 9iving any notic~. presMtirg, demanding payrt~ent. Protatirg, irutitutirg wit a otherwise.
The Bal1k shall not by s~y eCt of pmission or cOmmiuiOn bE deert~! to waiv! any o( its rights o? rernetlies hereunder unless such waiver tl?all be in writing ,
,,nd signad by tM Bank and then aily to the extent specitically set tarth tAere~n: a wa+ver on one eve~t shall ~ot be construed as continuing a as a bar to a
wa~ver ot wcA riyAt w remedy on a subsequent eveet. `
The liability of etch Obligor shall be absolute and untonditio~al and without regard to the I~ability of any other party hereto. Any noUCe shall be wtt~cient• ~
~v served upon all Obligors by se.ving wch notice upon anY o~e Oblegor. Tha notice sAall be wtficie~tly served if placed ~he ma~l, postage prepa~d, addreued
+v. or leit upw~ tN~ premites of any Obligor at any address shown on the Bank's retords. f
• NOTICE: SEE OTHER SIOE FOR IMPORTANT INFORMATION
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EACH MAKER ACKNOWLEDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE DATE.
S1OS Y~iti~~ ~ (SEAL) _ ~ •
AODRESS ~t .bl MAKER
M
ISEAL) s L
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ADORESS ~ ~RE OF MAKER i
ENDORSEMENT r
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~ In addrtion to the liabitity as endorsers, which the undersig~ed hereby atwme, fw value received and intending to be IegaUy bound, the undersgt~ed (end i(
~ mo~e than one, Nch ot them jointly and severally) (a) hereby unco~ditionalty guarantee the payment oi the within Note and all exte~sions w renewals thereof
~ and all sums payaWe under or by virtue thereof inCluding, without limitation, all amounts of principal and interest and all expenses (including attomeys' tees,
~ ,•:hether incurred in trisl or appellate proceedi~gs) incurred in the collectio~ thereot, the e~forcemer~t of rights thHeunde? o~ with respect to any security there-
~ ~ and the enforcement hereoi, and waive presentment, demand, notice of dishono~, protest, notice of protest and alt other notices whatsoever; and (b) consent
~ ~~d agree thst tMy are bound as Obligors under the terms o( and are wbyece to all provisions set forth on the fact of said Note as futly as though they were each _
~".?ake* thereof, and to the ezerc~se by the holder of each and every right therein set forth or permitted by law, a~l without notice to or rnnsent of and without
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s'fecc,ng [F~e liability of the undersigned, and further tonsenc and agree tha[ any of the undersgned rt?ay be wed by the holde. hereof with or without janing .
~ ~~v af the other endorse?s or Makers of said Note and without first w conternpwaneously wing any wd? other persons, or otherwise seekirg or proceedmg to
:<:+iecc i.om them or aoy of them.
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~ AODRE55 SIGNATURE OF GUARANTOR
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f ` ADDRE55 SIGNATURE OF GUARANTOR
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~ . ° ~R K 3U 4~A`~ 526
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