The URL can be used to link to this page

Home My WebLink About2768 Upon tM accurrence of an event of default, tM Bank may institute appropriate legal proceadirtgs against tM Obligors to obuin judgment on tM Nou and/ or exerciea its riehq and remedies as a secured party under tM Florida Uniform Comrrrrcial Code a otMr appligble law. If tM Bank has detrrted it»ell ilaecure or upon tM ootyrrerla of an event of default, tM Bank shall Mw the rpht, inlnndiatNy and without turtlter action by it, to at oft agairat this Note all money j owed by tM Bank in any capacity to each and any Obligor, end also to at oft agairut all other liabilitie of each Maker w tM Bank aU money owed by tM Bank .n any apacity to each end any Maker, and tM Bank steep be deevnted to have exercised tuck rpht Of let oft and to Mve nude • charge agairMt any ouch many immediatCly upon the occurrence of such default evtir? though tueh dlarye b made or entered on tM books of tM Bank wbsaglrent thereto. Unless tM Coll~t- eras is perislteWe or threatens to declirn speedily in valve or is of a typ wetomerily solo on • recognised market, tM Bank will give tM Maker raeonable notice l of tM time and plea of arty public aN thereof or tM time after which any Private ale or efty otter intended dispoaltion thereof b to be rtlede. TM require- ment of reasonabN notice shell M met it tltch notice » rrleiled, pottage prepaid, to any Maker et tM eddnas given below or at any other address sftovvr? on tM records of tM Bank, at least 6 days before the time of the saN a ditpositan. Upon disposition of a:ty Collateral after tM occurrertoe of any default, tM Obligor shall be and rennin jointly and severally liable for any deficiency. TM Bank rlnll aocasnt to the Maker fa any wrplus but tl:a Bank shall have tM right to apply cell a any part of such wrplus la hold the same as a reserve against) any and all other liabilities of esdl and any Obligor to tM Bank, The Obligors here- by waive arty right>)of redemption after default. All parties IiabN for tM payment and collection hereof: 111 agree to PaY all expenas incurred or paid in tM protection of Col4teral a tM enforoetnent here- of, whether tfle Beak is oblgaied therefor a not, inchldirtg attorney's fees egwl to 10%ot tin arrwunt in default or such larger amount a may be reasonable for services and expense incurred in tM enforannrlt hereof either prior a wbsequent to judgment and whether in judicial prooNdirgt a otMrwia, and also those costs, expenses and reasonable attorney's fees incurred in appellate proceedings: IZ) waive presentment for payment, demand. notice of non-payment, not iq of protest and Protest of this Note; 131 consent to and waive notice of any and all renewals or extensions of Clore, vwitrers, or moth/iatans tMt may be granted by tM Bslic with respect to tM paymarst a other provisions o} this Noce a to tM reknse of any Obligor a the Collateral a any pert thereof, with a without substitution; and t41 agree that additional rrnkers. enMorsers, guarantor or wntie may become psrtia~Mreto without notice to them a affecting tMir liability herwnder. , TM Bank may at any time in its sole discretion eompranisa, settle a extend tM time of payment of any of tM demands a obligations, represented by any of the securities pledged herwnder and all of tM partie IiabM fa tM payment Mreoi herby make, constitute and appoint tM Bank, his or tMir true and lawful attorney for this purpoa with full power and wihority t0 cOn?promise, attle a extend psymalt of aid demands a obligations and to acquire, atisfy or dis- cnarge tM ama of record or otharwia ss tM parties liable to tM payment a collection hereof might or could do it personalty present. Ths Bank shall not be under any liability a obligation [o take any steps whatsoever to fix any liability upon or to coletct a to enlace payment of any obligation Pledged as saKUrity hereunder whether by giving any notid, preMntiflg, dertlerKlirlp payment, protesting, irKtituting wit w otllerwia. The Bank shall not by any act of omission or commission be deemed to waive any of its rights a remedies Mreunder unless such waiver shall be in writing and signed by tfn Bank and then only to the extent tpeeifically set forth therein; s waiver on one event stlsll not be construed a continuing a e a bar to a wraiver of such right or remedy al a subsequent event. The liability of each Obligor shall be absolute and unconditional and without regard to tM liability of any other party hereto. Any notice shall be wtticient- iy served upon all Obligors by awing such notice upon any one Oblgor. TM notice shall be wfficiently nerved if plstnd in tM mail, postage prepaid, addresad to, or left upon tM premise. of any Obligor at any address shown on the Bank's records. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION EACH MAKER ACKNOWLEDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE DATE. Hew tt. MOi1riM~s R ~1 ISEALI ; ADDRESS ~ ~ ~ ISEALI ADDRESS SIGNATURE OF MAKER ' ENDORSEMENT _ In addition to the liability as endorsers, which tM utxfersgned hereby aswme, for value received and intending to bs legally bound, tM undersigned land if more than one, Bch of them jointly and severally) (a) Mreby unconditionNly guarantee tM payment of the within Note and all extensions or renewals theraoi and all wort payable under a by virtue thereof including, without limitation, all amounts of principal and interest and all expenses (induding sttorneyi fee, whether incurred in trial or appellate proceedings) incurred in the cdlection thereof, the enfacament of rights thereunder or with respect to any security there- f or and tM enforcement hereof, and waive presentment, demand, notice of dishonor, protet, notice of protest and all other notices whatsoever; and lb1 consent and agree that they are bound a Obligors under the tams of and are subject to all provisions set forth on tM fact of said Note as fully as though they were each k a !~1ake+ tlnreof, and to the exercise by tM folder of each and every right therein set forth a permitted by law, all without notice to a consent of and without affecting tM liability of the underigned, and further coruent end agree that any of the undersigned may be wed by tM holder hereof with or without joining any of tM other endorsers r# Makers of said Note and without first a contemporaneously wing any wch other persons, a otherwise seeking or proceeding Co collect from them a any of them. t 1 (BEAU ~ ADDRESS SIGNATURE OF GUARANTOR _ iSEAL) ADDRESS SIGNATURE OF GUARANTOR 7 a s^^~ 2 ~i ,i5 4 is OR BooK3U4 ~~2765 ~ - A _ ~'r4 i