HomeMy WebLinkAbout2760 Upon tM occurrence of an event of default. tM 6ank may institute appropriaa legal prtxeedingt again!! tM Obligor: to obtain judgrttant on tM Note and/
or exercise is righq and remedies as a severed party undo tM Florida Uniform Commercial Code or other opplit:ebb law. If tM 8ank has deemed ittulf insecure
or uaort tM occurrenca of ar. event of default, tM 8ank shall Mw tM right, immediately and without further action by it, to qt off pains! fhb Note all money
om~f by tM Bank in any capacity to eaM and any Obligor, and slso t0 at o/f again!! all Other liabilities Of each Maker t0 tM 8ank all money owM by tM Bank
.n any cap~City to each and any Maker, and tM Bank shall be deemed to haw exercised such right of sat off end to hew made • charge apaintt any suM money
rmrnediately upon tM otturrertca of suds default even though such Marge is nterM or amend on tM books of 1M Bank wbsagtrent thereto. UMsst tM Collat-
eral is perishable a threatens to decline speedily in wIw or is of • type customarily sold on • recogrti:ad market, tM 8ank will give tM Maker reaortabN notice
or the time and ptaca of any public tab thereof Or tM tirrta afar which any priwa saN or eny other intatdad dhpotitbn tMraol b to be made. TM nquire•
mart of natortable notica shall be rttet if such notice it mailed, postage prepaid, to «ty Maker et tlw addrea given below or at any other sddrea shown on tM
records of tM 8ank, at bast 6 days before tM time of the sale or disposition. Upon disposition of arty Collsteral after tM occurrenw of any tNfwlt, tM
Obligor shell be and remain jointly and severally liable tw sny deficiency, TM Bank sMll account to tM Maker for any wrplus but tM 8ank shall haw tM right
to apply s4 or any part of suM surplus for hold tM same as a reserve ageinsd arty end all other liabilities of each and any Obligor to tM 8ank- TM Obligors here-
by wraiw any rights of redemption after default,
All parties liable tw tM p.ym.rtt and collection Mreof: 111 ogres to pay all expense incurred o? paid in tM protection of Collateral or tM enforcefrtar?t here-
of, wMtMr tM 8ank is obligated tMrefa or not, including attorney's tees egwl to 10%01 tM amount in default or wM larger amount u may Ne nata?able
for services artd expenses incurred in tM enforcemMt hereof either prior or wbtegwnt to judgment and nvltether in judicial proceedings or otherwise, and also
those costs, expenses and reasonable attorMy's feet incurred in appelate procaedirtgs; 121 waive presentment fa payment, demand, notice of non~psyrrtent,
nonce of protest and protest of this Note; 131 consent to artd alaiw notice of any and ell rertsvwb or extensions of tints, waivers, or modifications that may be {
granted by tM Bsnk with respect to tM psyrtNnt or other provisions of the Noe or to tM robase of any Obligor or tM COllsterel or sny part thttreof, with a
without substitution; irtd 141 sgrN that additional maker, endorsers, gtwantors or wretiet may become parties hereto without notice to them a affecting their '
liability hereunder.
The 8ank may at srty time in its sob disuetion compromise, settb or extend tM time of psyment of any of tM demands or obligations, repnsenttsd by sny
of the seauitiet pbdged hereunder and all of the parties liable for tM psymertt Mrtrof Mreby make, oortstitute and appoint tM Bank, his or lMir true and lawful
attorne!r for this purpose with full power end authority to compromise, stttb Or e.:tertd payment of said dunsnds or gbligstiorts end to aoquin, ptitfy or dq-
charge tM same of record or otherwise as tM parties liable for tM payment or collection hereof might or could do if personally present. TM Bsnk shall not be
under eny liability or obligation to take sny steps whatsoever to fix any liability upon or to collect or to enforce payment of any oblgation pkidged as security ,
hereunder whether by giving any notice, presenting, darrtsndirtg payment, protesting, instituting suit o. otherwise.
The Bank shall not by any act of omission o? commission be deemed to waive any of in rights or remedies Mreurxfer unless such waiver tMll.be in writirq
and signed by tM Bank and then only to the extent specifically sat forth therein; a waiver on one event sMll not be construed as continuing or a: a bar to a
waiver of wM right or remedy on s subsegwnt event.
The liability of eaM Obligor :!tall be absolute end unconditional and without regard to tM liability of any other party hereto. Any notiq shall be wfficient-
ly served upon ell Obligors by serving wM notice upon arty one Oblgor, TM notice tltall be wfficiently carved if placed in the mail, postpe Pnpsid, addrtsued
to, or left upon tM premises of any Obligor at any sddreu shown on tM Bank's records.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION f
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EACH MAKER ACKNOWLEDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE DATE.
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ADDRESS D JG C OF MAKER
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ADDRESS ~ ~ IGNATU~RE~~MAKER t
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ENDORSEMENT
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In addition to the liability as endorsers, which tM undersigned hereby eswme, for value received and intending to be legally bound, tM undersigned fend if
more than one, esch of them jointly and severally) lal Mreby unconditionally guarantee tM payment of the within Note and all extensions a renewals thereof
and all sums payabb under or by virtue thereof including, without limitation, all amounts of principal and interest and all experues (including sttorneys' feet,
whether incurred in trial or appellate proceedings) incurred in the collection thereof, tM enforcement of rights thereunder or with respect to arty setarrity there-
; for and tM enforcement hereof, and waive presentment, derrtard, notice of dishonor, protest, notice of protect and all other notices whatsoever; and Ibl consent
4 and agree that they are bound as Obligors under tM terms of and ere subject to alt provisions set forth on tM fact of said Note as fully as though they ware each
a hlaker tlterepf, and to tM exercise by the holder of each and every right therein set forth or permitted by Isw, all without notice to or rnntent of end without
~ afrecti tM lisbili of the under agree that an of the underi reed may be wed by cM holder hereof with a without 'oini
ng ty signed, and further consent and y g ! rg
any of tM other endorsers or Makers of said Note end without first Or contemporar?tously wing any wM other persons, or otherwise seeking or procMdirg to
g cc~!ect from them or any of them.
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ADDRESS SIGNATURE OF GUARANTOR
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AOORESS SIGNATURE OF GUARANTOR
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