The URL can be used to link to this page

Home My WebLink About0887 ~ ' ~ llpon tM oCCU~nncs of ~n ~nt of d~fsult. tM Ba~lc may inttituq ~pproW iaq NpN procMdinp~ ~paim~ cn~ Owqa~ to obi~i~ jud~~~ on th~ Non ~nd/ ' or ~zacis~ itt ryhu and nm~di~s at a sav~~d party undK tM Florid~ Unifam Comrtrrcisl Cod~ or otMr ~ppliubl~ law. If iM Bu~k hat d~?»d iqNf ins~evr~ or upa~ tM occurnna o( ~n ~nt of d~fault, tM B~nk snNl Mw tM ripl?t, immediatdy snd witAout fur1M~ aetion by it, to qt off a~pinst thit NoU all ma~y ow~d by th~ Bank in sny cq~city to ~sd~ a~ any Oblgo?. ~nd slso to at otf apsinst all othK liabiliti~ of ~aCh MakN to tM Bank all morNy ow~d by tM 8a~k m sny c~p~city to ~ad? ~nd any IN~kK. ~nd tM Bank shall b~ dNmrd to h~w ~xtrcis~d wch ?ght of t~t off and to Mve m~ ~ chs~ ~irot ~ny wd+ mon~y imm~diststy upon M~ oaurnnoe ot wch d~twlt w~n thouqh wd~ cAuye is n?sd~ a~nt~rod on tM books of eM Bank wbspu~nt tMnto. Un1ea M~ Cotlat- eral is p~rishabl~ a thrqt~~ to declirn s~edily in v~tw a is oi a typ~ custortwily sold oo ~ ncopnii~d rtyrket, tM Bsnk will piw tM MakK niwnabb notia of tM tirtM and plsa of any public saN tMrwf w tM tims ~fttir which any priv~t~ ssN or sny otAK int~nd~d disposition thKeot is to b~ macN. TM rpuin- ment o1 ~~ssonabl~ eotia shall b~ m~t if wch notiq is m~il~d, potupe prepsid, to sny N4br at tM addrtss qiv~o b~low or ~t sny otha addr~ts thown on tM ~ecad~ of tM Bsnk, at Iwtt 5 dsys bdor~ tM tirr~ oi tho sale a disposition. thwn diiposition of sny Collsteral afta tM occurrenc~ of any dtfsult, th~ Obliyo.t shall b~ snd ~~m~in jointly u~d swt~ally IiabN for ~ny deficiency. TM Bank shall axount to tM Maka to. any wrplus but tM Bsok ~hall haw th~ rqht to apply all a any ps?t ot wch w~plus (a hotd th~ ssrt» ~s a ~esarv~ ap~inst) any ~~d all oth~r liabilitias of esch and sny Oblipa to tM Baok. TM Oblgors h~n- ny v~iw any ~iy1+n of r~mption sft~r d~isult. All ptrtits Ii~W~ fw tM psym~nt and collsetion Mreof: 11) syne to pay a~l ~xpenses incurced o? paid in tM prot~ction oi Collateral w the entorc~Nnt hi~e- of, whethN tM Bsnk is obligated tMrefo? o? not, i~cludinp ~tto~My's iNS pwl to 10'Xioi ths amount in defau~t o? wth Isr~r emount as msy bs rtasonsbl~ tor s~rvices and ~xp~nses incurred in tl+~ eniorpm~nt hereoi ~itMr prior w wbsequent to judyrnsnt snd whether in juditisl procNdings or othKwise, ahd slsp chose cosq. ~xplnfK 8nd ~~iO~Wf ~ttOrfMy'i f~et incurnd in sppNlats p~oceedings: (2) wsive txesentm~nt fw payment, dsms~d, notice of non-piymtnt, notite of protest and protat of this Note; (3) consent to snd waive notice ot any and all rerwwsls or ~xtensions of time, waiven, or modifications that may b~ granted by tAe BaNc with respect to the payment or other provisions of this Note or to the rolease of eny Obligor o? the Collat~ral a sny part thK~of, wiM w without wbstitutan; and i4) syree thst sdditwrnl m~ken, endorsert, yusrantors or wreti~s msy becorr~e psrti~s her~co without notioe to them or afi~ctir?p thei~ liability hK~under. The Bsnk rtqy at sny time in i[s wle discretio~ eompromisa, settk or exte~?d the time ot payment of sny ot the demands o~ obtgations, r~prts~ntsd by sny of ch~ secwitief pledged hereunder snd all oi the psrties lisble for che payment hereoi Mereby msk~, corotitute snd appoint the Bank, his o? their t~ue snd lawiul attaney for this pu~poss with tull powe~ and suthority to comp~omise, settk or extend psyment of ssid decn~nds w obligstions a~d to soquirt, atisiy or dis- charge the ssme ot ratord or otherwise as the parties liable fa tAe psyment o? collection hereof might o? tould do if psrsonslly pnsent. The Bank shsll not be under any lisbility or obli~ation to tak~ e~y steps whatsoevet to tiz any liability upon or to collect or to enforce payment of any obligstion pledgsd as sscurity hereunder whether by giving any notice, presenting, demsnding payment, protestiny, instituting wit w otherwise. The Ba~k shall not by any act of omission or commission be deemed to waive any of its rights o~ remedies hereunder unless suth waiver shall bs in vwiting ~ and sig~ad by th8 Bartk and then onty to the extent specitically set forth therein; a waiver on one event shall not be tonstrued as conti~uing or ss a bar to or waiver of wch right w rertrcdy on a subsequent event. ~ The lisbility of each Obligor shall be absolute and unconditional and without regard to the liability of any other psrty hareto. A~y notice shall be wfficient- IY served upon all Obligas by sa~ving wth notiCe upw~ any one Obligor. The notice shall be wfficiently served if plated in the mail. postage Prepaid, addressed co, or left upon the premises of any Obligor at any address shown on the Bank's recwds. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFOHMATION EACH MAKER ACKNOWLEDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE DATE. ~EAL)!b / ~'+6ts~ t/e~ AOORE55 SIGNATURE OF MAKER (SEAL) AODRE55 SIGNATURE OF MAKER ENOORSEMENT In addition to the liability as endorsers, whith the ur?dersigned hereby essume, for ~rdlue (eceived a~d intendirg to be legally bound, the undersigned land ii more than one, each of them jointly and severally) (al hereby unconditionally quarantee the payment of the within Note and alt extensions a?enewals thereoi and all surta payable under or by virtue ihereof inctuditw, without limitation, all amounts of principal and interest and all expenses (intluding attw~eys' fees, whether i~curred in trial o~ eppetlate proceedings) incurred in the cdlection thereof, the enforcement of rights thereunde? or with respect to any sewrity there- i for and the enforcement hereof, and waive presentment, demand, notice ot dishonor, p~otest, notice of protest and all other notices whatsoever; and (b) consent and agree that they are bound as Obligws under the terms of and are wbject ro all provisions set fo.th on the faet of said Note as fully as though they were esch a Maker the.eof, and to the exercise by the holder of each and every right therein set torth or permitted by law, all without notice to or consent of and without ' atfecting the liability of the undersigned, and further conse~t and agree that any ot the undersigned may be wed by the hotder hereof with or without joining any of the other endo.se?s or Makers of said Note and without first or contemporaneously wirg any wch otber persons, o? ocherwise seekirg or procceding to I collect trom them w any of them. 9 ~ (SEAU AOURESS SIGNATURE OF GUARANTOR ~ (SEAL) ~ AODRESS SIGNATURE OF GUARANTOR ~ x ~ ~ a 3 ~p ~ S 5 E 3 ~ ~ ~ ~ ~ ~ • ~ s ~,'R 12 ea~E 885 ~ a,~~K3 ~ c-tt~ _ - - - _ ~ m:~~...~ _ . ~ _ _ _ ._.:~s