HomeMy WebLinkAbout2857 .
i
Upon cM occurrsnc~ of an w~nc o/ dsfa,lt. iM B~nlc mw i~s~itu~~ app.oprwa Mp~l procMdinp~.psimi ~M Obliqon io obuin judprrwn~ on cM Nou and/
or sxaci~ Iq riphp a~d ~~m~di~s a a acur~d partll undK tM Florid~ Unifam Comm~rwl Cod~ a otM? N~plicabN law. It tM Bsnk hat dartwd itnN i~;un
or upon th~ oocwnnp ol an ~nt of d~fault. tM 8ank ~hsll haw th~ rpht, imm~disaly ~nd without fu~ action by it, to Mt off p~i~ut this Not~ all moeNy
ow~d by tM 6ank in ~ny cap~eity to Mch md anY Oblqor. ~e?d sl~o to at.oft aq~imt MI otMr liabilitia oi ~ad~ MakK to tM B~nic all rtwMy ow~d tiy tM B~nk
in sny esp~eity to ~sch ~nd u~Y M~Ictr. a~d tM 8ank shNl b~ d~m~d to Aa~re ~x~rci~d weh ~ipht of pt ofl and co h~w m~d~ a d~q~ pai~pt any wch morNy
imm~diatNy t~on tM oocurr~ o( weh ddault w~n thapl+ wcA dw~ is rn~ w~nt~d on tM books of tM B~nk wbs~quMt thKeto. Unlpt tM Collat-
erol a perisMbl~ a chrwt~ns to dalin~ ~~dily in v~lw a is of ~ ~yp~ cunoewify foW on ~ r~i:~d m~rlut. tIN B~nk will qiw th~ IN~kK rNwn~bb notia
ot ~M tim~ snd plsc~ of aoy public s~N dwnol or [M tim~ atcK whieh any privsa ~aN a any oel~ int~nd~d d'+~potitioo thKtot a to b~ n~sd~. TM ~puir~-
msnt of n~so~+~bN notiw d+sll b~ mtt if weh noNa is rniil~d, postsp~ prN>aid, to any M~kK at the sddrtss qivsn bNow w ~t aoy otMr addrat ~hown on tM
rxord~ ot tM 8~nk, si Iwt 5 days b~fon tM tim~ of th~ ~ or di~positbn. llpon di~position of ~ny Colbarsl a1tK cM oau~r~nq of aoy ddwlt, th~
Oblipon sMll b~ u~d r~m~io jointly and avewlly IiabN lor anY d~fiei~ncy. TI» 8snk tMll atoount to t1N NIskK tor any wrplus but tM Bank shsll hsw th~ riqht
to spply sll or ~~y part of wd~ wrplut (or hold tM ssnM as s r~v~ sp~i~ad any and sll othK li~bilities of ~~d? and sny Oblipo? to th~ 8ank. TM Oblipon h~n-
by v~ivi ~ny ri0hq of r~cNmption sft~r d~twlt.
All ptrtia liabN for th~ p~ym~nt snd collection Mrsoi: 11) aprN to pay all ~xp~ns~t incurrod w Wid in tM proqction of CollattrN w tM ~ntorotm~nt h~n-
of, wMthK tM B~nk is oblig~nd tMr~fo? w not, includinq atton+~y's feK pwl to 10%oi th~ smounc in cNtaulc or wch 1arq~r ~nwunt a m~y b~ rwoiwbl~
for sKViC~t snd ~xp~ns~s inturr~d in tM e~forC~m~nt h~nof tith~r pr'qr o? wbspu~nt to judprn~nt ~nd wMthK in juditiil proce~diryt or othKwi~, snd a1~o
thos~ oosu, txpa~NS snd rsssonsWt sttorney's f~p inwrnd in sppNlate p~ocssdi~yt: (21 wsivr prta~tment to. paym~nt, d~m~nd, notia oi non~paym~nt.
notice of p?ot~tt and protest of this Note; 13) ca+s~nt to and waiw notiq of sny s~d NI r~nswals or sxtK+sions oi tim~, waiwn, or modific~tions thst may bs
granted by tM 6Nik with resp~ct to ih~ paymtnt or oth~r provisiau of this Not~ or to tM rsNss~ of any Oblipa w th~ Collsunl or any pan Manof. with or
without wbstitution; and (4) spr~ that sdditionsl m~ke~s. endorsars, pusranton or wnti~s m~y b~co~rN partia hKtto witAout notia to tMm ar ait~ctinp t~ir
liability INrwnd~r. ~ ~
TM Bank rrny at sny tims i~ its tole discr~tio~ tompromis~, settk or excend tM tim~ of psyment of any oi che dsmsnds o~ oblip~tia~s, repns~nted by any
o( tM securiti~s pbdp~d hereu~der and sll of the psrtits liable tor the psyment hereof hKeby makt, oonstitut~ and appoint M~ Bsnk, his or dair trus ~nd lawful
attwn~y fa Mis purpok with full power and athwity to compromise, settl~ or extend paYmMt of s~id demands o~ obligation: and to aopuin, satafy or dis-
chargs tM ssrm of ncwd or otherwise as ths Wrtip lisbls for the psynw++t or cotlection heraof migAt or could do it~personslly present. TM Bsnk shsll not b~
under s~y liability or obliyation to cake sny stsps whatswwr to tix any liability upon w to coll~ct o? to enforce paymer~t of any oWigetion pNd~d a~ sscurity
hereunde~ whathN by 9ivirg anV notite. presMtirg, derntndinp paymeat, prottrstinp, instituting wit o? otherwiss.
The B~nk shall not by anY act of omission w commission be deemed to waive amr ot its ?ights w mmedies hereur~de~ unless wch waiver shsll be in nrcitin~
and si9ned by the Bsnk and then only to the extant specifically set forth the~ein: a waiver on on~ eve~t shall not be construed ss co~tinuing or as s bar to or
wraiver of wch right o? remsdy on a subscquent avent.
The liability of eacfi Ob1iQo? shall be absolute snd unoonditional and without regard to the liability of any ather party hareto. My notice shall.be wfficient-
ly served ~~on sll Obligon by serving wch notioe upon snY one Obligor. The notice shalt be wfficiently se?ved if placed in the mail, postaga prepaid, sddressed
to, or leit upon the p?emises of any Obligw st any address shown o~ the Bank's retords.
NOTICE: SEE OTHER SIOE FOR IMPORTANT INFORMATION
EACH MAKER ACKNO~WLE~GES RECEIPT OF AN EXECUTEO COPY OF THIS NOTE ON THE ABOVE DATE.
4037 RedMlnv, 6randvtlld, MI. ~9 41e (SEAL)
ADDRESS S GN ~E CtF MAKER
• ~
(SEAL)
ADDRE55 IGNATURE OF MAKER
3un G. A1 ward
ENOORSEMENT
In addition to the liability ss endorsers, which the undersigned hereby aswme, tor value rcceived and intending to be kgally bound, the undsnignsd (and if
more than one, each of them jointly and severally) (a! he?eby unconditionally guarantee the payment of the v~dthin Note and all extensions w renewals thereof
and alt wms payabk under or by virtue thereof including, wiMout limitation, all arrwunts of p?inapal and i~terest and all expenses (includi~g attorneys' feas,
whether incurted in trial w appellate proceedings) incurred i~ the collection thereof, the enforoe~nent of rights thaeurwfer or with respeet to ami seturity Mare-
tor and the entorcement hereof, and waive presentment, demand, notice oi dishonor, protest, notioe of protest and aIl other notices wbatsoever; and (b) consent
i and agree tAat they are bound as Obligors under the terms of and are wbject to all prwisions set forth on the fact of said Nots as fully as tha~gh they were each
' a Maker thereoi, and to the exercise by the holder of esch and every right therein set forth or permitted by law, all without notioe to w consent of end wiMout
! atfecting the liability oi the undersigned, and further coraeot and agree tAat a~y of the undersign~d may be wed by ihe holder hereof with or without joining
any of the other endorsers or Makers of said Note and without first or tontempwaneously wirg any wd~ other persons, or othmNisa seeking or proteeding to
collect from them or any of them. -
I (SEAU
ADDRESS SIGNATURE OF GUARAPITOR
(SEAL)
A~ORE55 SIGNATURE OF GUARANTOR
@ .
~
G
~
~
~
~ }
t~p~
~ B7'1K •J~~ Pi?~f ~ :
r i
f
_ ~
R . • . .
..s,-~ . r , . . . - . _ _ . . _ . . _ _ ' ' _ ` . . .A.. ..:t"~