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Upon tM otxurrenq of an event of default. the Barak may kntituq app?opr4q IeEN prooeadinp apalrtet tM ObllOo?e to tsbgln jud«nent an the Nob and/
ur exercise its rgha end remedies ere a secured party under tM Florida Uniform Comntorcid ODrfe or other applicable bw. If the Bank hN deemed half Inawn
or upon tM occwrena of an went of defwlt, tM Bsnk shell have the riphl, Intrrtedbtaly and without furUter ectbn bV H, t0 at oM tpelrNt fhb NoM eN money
owed by tM Bank in any eap.eity to each and any Obligor, and also to ttet off ttpairrtt all Other IbbBkia of eadt Metier to the Bndc NI motley owed by 1M ftahlt
.n any capeCity to each and any Maket, and tM Bernie dtW ba deemed to have sxorcbad tudl right o< ttet Off.aad 1p fNVe merle a therEe eMMMI env etldt ntoltay
rrt+rrrdlately upon 1M ooew?ence of such default evert though Ludt dterpr b merle a emend ten the books of tM fNnk etlbeaytrent thereto. Urtlaee the CoNat-
eral is s.arishable or ihrwterte to decline speedily in vakre or is of a type wttomorily cold on a retxtprtized market, the Bantc will give the MekK rMlpneble notice ~
of the tlrrte and play of any publk sob thoreof f1r 1M tkste after which anl? prbaq ale Or tiny other Mtefded dbpoeltbh thereof b t0 be made. TM raqulra•
merit of rNeorabb notce shat) bs mat N etrdt notice it rrtaibd, posppe p?gaW, to any HAekar a< tM ettdnse avert below or et any other adtkeaa shown on tM
records of tM Bank, at Iwt 5 days- baton the tkrN of rite sob or dapoeition. Upon disposition of any Colbee.N Nqr tM oocwnrtoe of any defwlt, the
Obligors shell be grid rornein jointly and titweralh IbtrM for any. deficiency. The Bank tthdl atxount to tM Maker for any Mrrpka but tM 6ank titetl have the right
to apply aM a any pen of such wrptus for hold tM same es a reserve aperient) any and all other liabilities of each and any Oblgor to the Bernie. The Obligors Mrs/ .
bll wave any ripha of redemption after default.
All parties lialrb Inr the paynMnl and collection hereof: 111 apse to half ull expenses rncurrorl a paid ro the laolectian of Coll.tlnr.tl ur IM anlmuettxatl itrre'
ot, whether tM Bank is oWtgatd tlterelor or not. incltrdirtp attorney's. lees rxlWl to 10%01 tM amount m rfelrtull a such btpta +wttouet w may are rtswotselrle
for servicae and expenses incurred in the enfortxrrtertt hereof either prior a strbee(ttlettt to jtrdprrient and whether in judicial PtOtNdinos es othervtnsa, and alto
those coca, experges and nesortable sttorney's fees irtewred in appellate protxiedirtps: 121 waive presMtrrMnt for psymenl. tlarrlerd, notice of tton-payment,
notice of protest and protest of this Noq; t31 conant to and weitre notice of any and all rertewels o. exttnsions of time, waivers, a modifieatfons thst may be
granted by the Bank with reuseet to tM psyment or otMr provisions of this ttbq or to tM nbese of any Obligor or tM Colfagnl or any pert thanof, with or
without substitution; and (41 spree that additional ntelten, endorsors, puorsnton a aunties entry beeatte parties hereto wlthaut notip to them a affeetirq thek
liability fienurtder. ~
The Beak may at any tiny in is sole disuetion cartprtxniee, esnb or extend the time of payment of aml of thtOpdtrt~od< or oblipetions, represengd by sny
of tM securities pbdped henurdor and ell of the porties Babb for tM paymMt hereof hereby make, oontituq and poil?t tM Bank, his or thek tttra and lawful
attorney for this purpose with full powor and wthortty to t:orrtpromisa, settle or extend payment of esid derrterds or oWlpetbru and to eotittin, estaty or db-
charge the same of record or othorvrite es the parties liable for the payment or collection hereof mipltt or could do if pereortNly present. Thor Bank tiltall not be
untbr any Ibbillty o? Obllpstlon to take sny steps whettwewr to fix srry liability upon a to collect or to ttMara peymertt of any ttbllyatlon pbdped es >Zegrrlty
herwtttior vsMttrer by yivirq any notice. presentirtp, eferrtertdirtp payment, protesting, irtetitutlrq cult yr othetwbe.
The 8artlt shall not b5? any act of omission a commission be dtierrted to waive any of its riNta or remedies henuttdor unless such waiver shall ba to vAjliap
and siprrert by rite Bank and then only to the extent specifically set forth therein; s waiver on one event shall not be construed es eontinuirq or es s ba to o.
waiver of such right or remedy on a wbsequertt avant.
Thor IbbBity of eadt Obligor shell be absoluq end unoorditional and without regard to the Ibbility o) any othor party hereto. Any notlp shall ba wfftcxtnt-
tv served upon all Oblgors by serving such notice upon any one Obligor. TM notice sliau be wfflefently awed It placed In the mall, goatees preptrW, addressed
to, or bit upon the premises of any Obligor at any atldna shown on the Bank's retwrds.
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
EACH MAKER ACKNOWLEDYiES RECEIPT OF A CONFORMED COPY OF tHIB NOTE ON THE ABOVE DATE. I
1301 Beacon Hill Lane,-Knoxville. TN. 37919 iSEAII
ADDRESS StGNATU OF MAKER
~M,y. Egerton R,~
ISEAU ~ ~ "
ADDRESS ~ St iNATURE OF AKER
` ~ ~ Nancy S. Egerton
'j - s
ENDORSEMENT
j In addition to the IiabilitY as endorsers, which the undersigned hereby aswttae, for value repMd and intending to be bpauy bound, tM urtdersigrted isrtd if
more then one, estdt of them jointly end severallyl lei hereby uneonditionslfy guarantee the payment of rite within Note and all extensions or renevwsls drereo( t
and ell wens psyabb under or by virtw thereof including, without limitation, all amouna of principal and interest and ell expentes (including anarieys' tees,
whether incurred in trial or appelbte proceedings) incurred in the colkction thereof, tM anforcerrient of rights therewdor or with respect to any setxrrity thorn-
for and the Mforgmsnt Itoreof, end waive presentment. demand, notice of dishonor, protest, notice of protest end ell other notices whatsoever: and (bl corxent
and spree that tMy an bound ss Obligors under tM terms of end are subject to all provisions at forth an the feet of sad Nots as fully as thotgh they wore ea@t
r a Makor tharitof, end to the exercise try the holdor of each and every rght therein set troth or permitted by Isw, all without notice to or consent of and without
atfectirg tM liability of tM undorsipned, and further oortgrtt and agree tMt sny of the undersigned may be sued by the holdor hereof with a without joining
i any of the other erdwsen or Makers of ssid Noq end without first or contemporaneously wing any such otMr parsons, or othervwse tieelcirg a propelling to
c~ttect from them Or sny of them. ~ ~f
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~ ADDRESS iSEAU SIGNATURE OF GUARANTOR ~
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~ ADDRESS SIGNATURE OF GUARANTOR i
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