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3. . B/SNK shsM Mw. arts shalt not bs? InNted t0. Nta tdtowitrB rphts. eadt of whidl may a eaereised at sr+tr tirtta whathM a not the recce n dw: lal to
pledge Or awttlar thb sqM and tM Collaarsl, vvltsratrpou SANK titan ba relieved d Ml duties and reponsibititiet ltaraurrdar and nliaved from arty and all i
t~ability with respsCS to anti ColNarM ao pNdged or traraMrred, and any piatlrN Ot paMfarN thiN for all purpoMS rant} M tM place N BANK henurKW _ l
and haw all tM riBha d BANK hersuetdar: lbl to trertsfp ttsa w1roN a say ptRt d fete p»d~d Collateral into tM raven of itsaf[ or is ntwna+ata: (el to
notify tM ObliBerf oe arw CollatarM p nrka psrymartt to BANK d arty sntouna duce or O baoessta dw tlsereow: Id! N dlwseod, sue for, solNet, of rnaltr
any M! os Mttldinant a doMsis ~Mira010 with rafefaslCe tR tlN Cot4lereF sstd t0 caeca poeeeatiew Or oentrN N !~'iNnoM!ilo1~ C.eNw!al,-- •-a- -
tYttalieraitN iil tees possasiow of BANK iw
4. BANK is INtsblf YbM a lien upon and • Mctrritx inttlrap In all propMty. d lacer Ob1y0r now Ot' at any .
any capacity wlNteoaeer•; intkrdirto but not Ilntitada /q? bolsnA or Men Of any dspttel>: trap se aoerw.y aosoWlt. N seoWiliF loo 1M paynNnt d this-
note, area . tirir:iii iii:. iq'nrst tlx ~Kily N!te+ut ~ alt .rdt praoarty d asKlt MhBn N seett?iq for dta paya+aat d ail otf+ae Nebititiaa d cash Makae to
BANK and BANK sMN haw tM tasete riMta M s0 sash property N it Itaa with retpaet a 1hy Co1NMrM pM~eo ily rite iri:.t:cr4,' ` '
S. If BANK dearstt iteeN insaurrs or upon eltr ooaurnrta d tiny defwh harewdN, BANK ti?eM haw aN tfta rwrtetllaa o/ a severed party under tM
Unifarnl CommareNl Code fa the Stases d Florida, and asitftout fNnitirtp the grirtarstily d recce torpoirtp, BANK recall bass >M right, sK in opeba and
without notice a demand; to tiaclara tM Mtin aatount d thin rroN rernwrttp unpaid, and ail other liabilities d tiny Ob1ip? or any d suC111iabilitiK
se?ace«l by BANK, inMrtadiaaly dw and payabN, NM any urMarned interep or oehr eharOaa and any obese nglrired by Nor fit beirq rata intention t
hared that under n0 eiruunsttinaa recall BANK a any holdp haraW ba Nrtitle0 to racaiva at any time any eharyaa not albvvad a permittt:d by lanr or
any interep in exotr d fM maxinerm ollovvad by Nor): to sat OM ageinet this nose ail money owed by BANK in any capacity b each o. any OOlga,
wMthar or mot dW. and also t0 sat off against MI other liabilitiia d each 1AaitN t0 BANKaII rttosNy Ovvat! by BANK in any capacity to each or any Maker:
and BANK Mall 6a daesrrd to haw esgruwd such right d sat off and m haw made a sharps adinst any tareh money itmtediassly upon the oswrnna of
wch detwlt even tltotrgh sudt d+•rga a trteda or entered On recce books d BANK subsegwnt tl+ereto. UnNss iM CotlaarM is ptrishible err thrNMns to
decline speedihl in valve a a d • typo eWtonrrihl sold on a resognlied merkat, YANK will give MAKER nasottapia notion of the tiny and play d any e
public seN tMred or d tM tints afar ut/tidt a prlvata sale trryl be trNd.1'!re rsquirtsmeM d reesonabN notice shW be treat iR eudt notion ismaiNd, postage
prepaid. to arty Make at the atidresa giwr? bNow a at arty other addreM ti+own on the rtraKdt d the BANK. st Nap tan It01 days baton the tuna d tl+a '
saN. Upon disposition d any Co1NMral afar the ooprrrarta d any defwlt Mrwrtdar, Obtioors shah be and remain liable for aryy tMficierscy, and BANK
wall asootrmt to MAKER for any surplus. but BANK shalt have tM right to apply all err any part d sash tsrrpkss fa so hold tM same ss a raerwt ageirsp ii
any and aM other tiabilitias of cash a say 4RNcar to BANK. - - - • , .
6- No datay w omission on the part d BANK in exaratirtg any right harwrtder shah opanM a• a waiver d tluNt right or d any riatt under this nos. No
waiver shalt Orr pirdirt0 on BANK un1eM in a writir~ signed by an auH+oria:ed BANK df1oM, and than only t0 dN extant apecifiatiy set forth tMrein.
PresNttmen:. dsn+and. protest and notice a Qishorwr. w Mnby wuvad by adt and ovary oblgor. Tfsa oblioors, jointly and savaralhr. pronwsrt and prw
to oay in the avant o1 a defwlt, all txtea and expanen inas?red in the oottection d this rtob, indudiq attorney's rags equal to tan per ant llatcl d tM
principal surq, or such Isrger anwunt a. may ba reasonabN and just. and also those cots expenses and attorneys' fans inoumd in appNNM proceedings.
Afl nouns and pronouns ogngirMd in this inpn,MNnt Mali nMMt and include thi plugl at wNl as the twrtgulr, and tM maeautirta, fsnsimirse and nester
yendar wMrrever and wfNtaroer tM eortMxt so admits or raquiraa -
7. Each Oblgor hereby expraaly eonants to any and all txansiona and nv,essats, in whole or in part, and ail deNys in twrta d peymeM or other
perfornynce which the holder hared may grant or permit at any tisr?e and from time to tierce without limitation, and without say notice to or furtMr
consent d any Obligtle: No action or inaction by BANK MNI distharga any party IiabN for tM payment hereof, and the liability d aN tsre:A psrtia shell
continw until st:aral payeetatu is «iaived by teM BANK. Without limiting the gertarality d tM toregoietg, dN nNaa or discharge d any Obligor shall not
dirtharga any otfre? Obligor, and the relsaa a impeirmant d Cnllabral, tM takirp d a ranawal noq, for part err ell d aWabtadneM Iterwetdn, or a
change in fete ir>tartst eats. shall not diseharga arty ObliboR
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8. The BANK is wtftorized by NI Obligor without notice to snY d than m data this nos as d the day when tM first disbursement of the ban
evidenced etere6y is roads, and to fill in soy blank spoon Itartin to conform t0 tM Mans upon whicA tM loan evidenced hereby is rrwde.
9. Both principal end interest on this promissory noq are payabN in lawful money of the United Sates of America witfe0ut deduction for or on sexount
of snY present or future taxes, duties or other charges Nvied or imposed on this noq or the proceeds, rnaksr or holdp hereof by any government, or snY
instrurrNntality, authority or politiaF~subdivision thereof. Makes sprees upon the request of BANK to pay all surds taxN, duties ant! otMr charges in '
addition to principa! and interest On this promissory nob, axdusive of United Stabs iesooena taxes sod Fbrida ineoerte taxes. -
10. The BANK'S rghti hereunder and under any other severity agreerrwnt or other writirq ex under appliCabN Nor shall tre ctermulavve. BANK at iq
option may ensk• subgqutnt sdvareces evidenced by this Note, in which event this NOq shall remain valid and enforceable notwithstsreding partial or i
total payment, rtsborrowatg, or repayment of surtts adveetoed herwerdar.
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THE FOLLOWING PARAGRAPH AOOITIONALIY APPLIES TO ENOORSERS HEREOF, '
In addition to tM liability as endorsers, which tM undersigred hereby assume, for vslW received and intending to bt NpNIN bound, the undersgnd
f and if more than one, each of them jointly and severally) lal hereby become surety to the payee of the within nob, its sueaesstxs, endorsees sod assigns,
for the payment of the within note, and Mreby unexlyditionslly guarantee tM payment d rate within recto and all extensions or renewals thereof and all -
wms psysbN under or by virtue thereof inegrdirg, without lim~tatiat, all amounts d principal and interest sod ell expenses (including attorneys fees)
incurred in the eblksction thereof, the entaament of rights tlrerwnder a with respect to any lwrity tlrereior and the enforcement hsnof;snd waive `
presentment, demsrd, nocice of ditftoreOr, protest and all other notices whatsoever; sod Ib1 consent and agree lie that sN or soy d the Collabrel rruy ba
e=changed, reNsaed, surrendered .or sold frgm time to time, (ii) that fete payment d the recto; or any d dre liabilities d the Maker thereof may be
ex tended or said note renewed any numbttr d times and far any period (tMtetlter or rtot bnger than tM orginal psriod of said note), liii) that tM holder #
of said note may grant any reksases, compromises a indulgences with respect to said nos or any extensioss w ranewsls thereof a any severity therefor
or to any party liable therwnder or hereunder (including but not Iimite0 to failure or refusN to exercise one w more of the rghts or remedies provided
by satd Hotel, and live that any of the provisions of said nos may ba modified; alt without notice to or consent of and without sfferxirrg the liability of
the undersignstf as ertdorters and sureties, and furtlre? consent and sgrN that arty d the undersigned may be sued by the holder without or without i
~o~ning any of the other endorsers or makers of said nob and without first or eontemporsneoersly suing any such other persons, or otherwise :eking or >
proceeding to collect from them or any of them, end without first err conternporaneausfy undertaking to enfwa any rights with respect to any security.
ENDORSERS: -
ISEAI)
45454'
(SEALI -
(9T9 AU6 10 AN i~ 4 7 +
ISEAl) FlLEO AHp RECOROfO
ST. LUCIE COON Y. f A.
CLERK GRCU ?
COU~R
RECORD VERIFIfO_
al~K3~4 P~E1042