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Upon the oeaurertee of an event of deiaulb tM Sank may institute appropriaa IeEel protxtedirtp agairltt tM OWigt?n to obteln Ittdgrrnnt stn the Noa and/
or exercise its rghts end remedies es a secured party under tM Florida UnHorm Commercial Code a otMr appliabb law. If the 8enk het tteersnd half Mttactrre
or uptM tfre otxtrrrerrca of an event of default. tM Bartle shall Mw the right, irttrtttdlaaly end without further eetlon by lt. to let ofl •S•NMt fhb Notes all many
owed by tM Bank in any nPacittl to each and any Obligor, and abo to tat off eYelntt all other liabilititt of eseh Maker to the dank ell many ovsad by tM Sanlr
;n any opacity to each and any Maker. and tM Bank shall ba dtennd to haw exereieed each right of set off end to have ntede • elnrYe aONtMt any loch rstotny
immediately upon tM otxurrena of such default awn though such cher0a b rtnda or entered on file books of the Sank tubNgwnt thereto. UnIaM tln Collate
eral q berisheble a threatera to decline speedily in wlw cir b of a type eustontarily told On a r leaf, the Beak wN! f~ tM Maker rNaonebM rtotlca
of the tDeta and place of any punk cab thereof or tM time afar which any prhraM cab or then Ittt dbpotkbU tltifeof b t0 be eMIM. The ?eyuira•
ntartt of reaeorttbb rrotia shall In rent if strclt notice b mailed, potage p~repafd, to any. at the flpdns fly below or et any ocher eddrett tltonntt on elre
records of tM Bank, at base 6 days before the time of tM cab or disposition. Upon dispoaititsn of MtY CollaterM after tM oowrrMtoe of any defwlt, tfta
Obligors shNl be and remain jointly and severalty Iisbb for any deficMitcy. The 8artk shah atxxrunt fo tl+p MNte? for any wtplus but the Bank shell bane tM right -
ttj apply aN or any part of such surplus l a hold tM canter as a reserve agairntl any and cell trtha liabilitwt o1 each ind any;ObllOor to the bank. The Obligors here•
t>M waive error rights ol. redarrrption after dtlautt.
--All parties liable Inr the paymartt and colbction hereof: I tl agree to Pay oil expenses incurred w paid U lire groNCtim of Colhrta,tl a the anlmcNitMtl bore
of„whether the Bank b ablgatad tltertfor or not, including ettaney't lees ryplal to 10%01 tM amount rn rNlault a such Irwgw r1111tNInt a may Ile rerrtortrlrM
lor ~tiervipa end expense inprrred in the enforcement ht*aot either prior a wbaquant to jtttfgntarrt and whether rn judkw proceedirtgt a otherwies, and abo
thotrpostt, axperast and reesattbb attarnY's fact irtetrrnd in appNbte,~rouedirtgs: iZl waiver presantmertt fa payment, tfersterd, notice of non-pWment.
notrp of protect and protest of this NOM:131 consent to and waive notice of arty and all renewals or extensions of lion. araivert. or trtodlfiptions tMt may be
granted by the Sark with respect to the payment of otha~provitions of the Noce or to the robaa of any Obligor or the Collateral or any part Manof, wiM a
without wbttitutton; and ltl agree tMt aciditiortal .takers, endorsers, guarantor or wretbt may baearn parch: hereto without nottp to them a afhetirrg their
liability herewtdar. -
The flsrtk may st soy time in its sob discretion compromies, cattle or extend the time of payment of any of tM dennndt or obUgations, repreeenled tsy any
of tM securities pbdged herwnder sod all of the parties liable for tM paynnrtt hereof Mreby make, oortstitute sod appoint the Bsnie, his or tMk trw and lawful
attorney for Mil purpose tniM full powM and authority to t~rttp?omise, settle a extend payment of said demands or obNgatiorts and toloquke, atbfy a die-
charge t.te tareta of record or otherwise es tM psrties liable for tM payment or txrlNction hereof might of cook! tto If pe~satslly present. TM Sank shall not be
undbr any liability a obilgttlon td take arty steps whstsotwr to fix soy liability upon or to wllaet or to colorer payment of soy tlWlgetlon pNtlgad es security
herwitder wMther by ghArq any notice, presenting. dartterdtrtg payment, protastlrq, irNtltutirtp wit or otherwbe. -
The flank ehaH not by error sct of omission or commission be deemed to wsiw soy of its righb or remedies herautttfer unless loch wshrsr shell be In writing
ands~d ley the Bank and then only to-the extent speeNially sat forth therein: s waiver on once .rent sltsll not be comtruad es t:ontinuirq a M • bar to or
rvaivir~f suds right or remedy on s subsequent event.
The Uabllity of each Obligor shall be absolua end unconditional and without regard to the Ilebillty of any other party hereto. Any notloa shall tie sutftcant•
iv served upon aH Obligors by saving such notiq upon arty one Obligor. The notip shall be wftkbntly served If placed In the mall. postage prepaid, addressed
to, a left upon the premises of soy Oblige at arty addrett shown on the Bank's rewrdt.
NOTICE: SEE OTHER SIDE FOR IMPORTANt INFORMAtION
EACH MAKER ACKNOWLEOOF.S RECEIPT OF A CONFORMED COPY OF tHls NOTE ON tHE ASOVE bAtE.
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Rt. 1, Box 153-L, Mobile, Ala. 36605 ISEAU ;
ADDRESS - Roberts~~cr~i~'nson ~m~~i 1
ISEALI ".h - - ~
ADDRESS Efi.~t@I'a 11 l.sA~11 R~~, ~IIAKER -
W I j,~
ENf>ORSEMENIT
f In addition to the liability ss endorsers, which the undersigned hereby assume, for value received and interxlirg to be legally bound, t1N undNrsigned land if '
~ more than one, each of them jointly end severally) Isl hereby urtcortditiortally guarantee the PsymMt of the within Note end all exteruions or renewals thereof
~ and ell wms payable under a sty virtw thereof indtrdirq, without limitation, all amounts of principal end interest and all expenses (irtcludi+tg attorneyi fees,
f whether incurred in trial a appellate proeNdingt) incurred in the collection thereof, the anforurtnot of rights thereunder o? with respect to any tewrity them
for end the enforcwrwtt hpaof, and waive presentment, darrtartd, notice of dishonor, protest, notice of proms and ell other notices vrftstswwr: and Ibl content
and spree that they ere bound as Obligors under the terms of and are wbject to all provisions set forth on the fact of said Note as fully ss though they wart eadt
a Maker thereof, and to the exercise by the holder of each end every right therein set forth or permitted by law, all without notip to or cornertt of end without
~ aiiecting tM liability of the undersigned, end further txtrnent and agree that soy of the undengnad may bs sued by the holder hereof with a without joining
any of tM other endorsers o. Makers of said Note end without first or contentporsrtaotrsly suing any such other peisorK, or otherwise seeking a propeding to !
collect from them or soy of them.
ISEAU
ADDRESS SIGNATURE OF GUARANTOR
(SEAL)
ADDRESS SIGNATURE OF GUARANTOR
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3i.8 P~~247