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3. BANK shall nave. but dtall trot be Nmited eo, elte tdtowtrtg righa, each d whxit may be exercised at any lima whether or not Chit noes N tfw: lal to
pledge or transfer thts non and the Cot4nral, vsltereupm BANK dteM be relieved d at1 duties and retpoMibititiea herwnder and relived from any ar+d aM
liability with respect to any Collateral e0 pMdOad or trartderred, srtd any pNdgN Or transferN shall fa all purposes sand in tM plea of BANK herwrtder
and. haw all the rights of DANK hMeurtder: lbl t0 4asteter the whole or any part of the pledged CotWtael into tM name of itseH of its rtorrtinee; Id t0
nutdy tlN Odigors on any CollaterM to make pWmMt b BANK al arttounts des or to betonte due tllereot?; Idl to demand, stre for, collect. or map
any txunpro+tvae a settlerrtent u deenta dastrabN vwth rderena so the Co14tKa1: and l.1 to take poMassipn a control of any proceed: of tM CW but!!•-'
1. BANK is hereby Eiwn i lien upon and a severity htentt is NI property d~ttecl? Odigor now or et any tlrrte hersNter in IM posneria? of BANK ie ' ,
any capacity whatsoever, intending twt not limited ep any pai/nq q dwe d any deposit. trust a agtx~r account, a ssowity fo• the peymer?t of the .
note, and .similar lien agog the security inarea i+ ail suq~ prowrttr d each Matter a security la dte payment d all other Wbitities of each Maker to
BANK end BANK shah have tM same rights a to wah prepertY p it ttas with nspeit to tM CotleterM pledgef! by tM MAKER.
5. !t BANK deems itseM tnseeura of upon tM ooouirMlctt of arMr dNauft hetattrtder, BANK shall haw all- thi retrMdife of a eecursd parry under the
Uniform Contrtterciet Code la tM Stan d Ftaida, and without limiting tM generality of the toragoing, BANK shall have the rght, at its option, and
without notice o. derrrad, to declare tM entire atnotsgt of this non rensehting unpaid, and NI other liabilitiq d any Odigor a any d each liabilities -
seNcted by BANK, immediately due and payable, Nss afw unearned interm or Other chsrges end any rebaas required by law tit Ming tM intention t:
hereof tl+at under rt0 cirwmatances stall BANK or any holder hereof be entitled to reuive at any time any dtarg~s not allowed w permitted bN law or
any interest in exact of tM maximum agotwd by tevrl: to set dt ageirtst d?is non dl money owed by BANK in any capacity co esl:h or any Odigor,
wttettter or not des, bred also to set of f against ell other liabilities of each Makes to BANK all money wad btl BANK in any capacity to eseh a My Makes:
and BANK shall be deemed to New exercised wch right of eat otl and to haw made a dwrge against any such money itrwrtsdiately upon the occurrence of
wch default even ihotrgh weft tharye is made a entered on tM books d BANK wbsequent thereto. UnNss the ColNteral is perishable a threatens to
decline speedily in value or is of a type customarily soW on a recognised market, BANK welt give MAKER ressonabN notice of the time and place of any
public sale thereof or of ette time afar which a private sate will be Mtd. The regYirerrtsot of reasonebN notice shah tit met if stint notice b meiNd, portage
prepaid, to any Maker at tfte address gMrn babes a at any other address shown on the records of tM BANK, at Nast ten 110) days before the tine of tM
ssN. Upon disposition of any Collateral after the oecurrenp OI any default hereunder, Odipors shall Oe and remain IiabM tot any deficiency, and BANK
dtall account to MAKER tar any. ttxplus, but BANK :belt hew the right to apply MI a any pert of st+ch swplus (or to hold tlta same as • receive) against
any and ql other liebilitias of aeett a any Maker to pANK - ~ - .
6. No delay a omistiort on tM psttt d BANK M exaft~ng aeiy-iipllt Iwtaundw ahMl operan u a waiver d each right or of any right urrler Mis non. No
waiver dsdl be binding on BANK. unless in s w?itirtg signed by'ah euthaizid BANK o1fkM; and t1te~ bnty tb tAe slxtent specifically tat forth therein. - .
Presentment, demand, protest and notice d didtortor, err ftertt0y tnriwd by each and awry Odlgor, The Obligors. joirrtty and. sewrelly, promin anti ague .
to pay in the event of • default; aM tx~u and exparges Mtatrrrrd M the oolNtetbn of this recta, Irtdydiq gttorney'st fees equal to tsp pM ant (1090 of tM
W+napal surfs or such large. amount M may be naartabla ~ just, aM also ttloee teats, expenses ~ etgnteys' fees irtctrrnd in appNlaa prooNdirtgc
All nouns and pronoun: tonteirMd in this instrument shdt ttteen-and irtdtrde the plural as well a< tM ~ipuMr; and. tM'mesaline. feminine and rtWter.
gender whenever and wherever 1M. to0rttext so admiri a nquirtl- ' • . - - ; = . - !
7. EsM Odigor Mreby expreidy consents to any and alt extensions end renewals, in whole Or in pest, ~rtd all deNys in time of payment or other
performance which the holder hereof may grant or permit'eCarry tints and tram Crtrte to time withoutlinitation, end without any notice to or turther
consent of any Obligor. No action 0( inaction by BANK dtdl disdtarge any party liable for the peymatt hereof, ai+d the liability of all such parties drNl -
continue until sctwl payment is reaiwd by tM BANK. Without limiting tM generality of the foregoing, its releast or diseltarge of sny Oblgor shall not
dischuge any otMr Obligor, end tM releest or impairment d CdNteral, the taking of • renewal note, for pert or all of iridebtedrtea hereunder, or a
change in the interest rate, doll not dadtarga any Odgor,
S. The BANK is suthorised by all Odgws without notice, to sny d them to date this noes a of the day when tfte first didxrrssrnertt of the loan
evidenced hereby is rnsde, and to till in any dank spaces herein to conform to the arms upon wlwch tM loan evidenced hereby is rrtsde.
9. Both principal and interest on this promissory note sic payable in lawful money of the United States of America without deduction for or on account ~
of any present or future taxes, duties a Other cMrges levied Or imposed on this note or the proceeds, maker a holder hereof by ariy government, O? srty
mstrumentality, authority a palititN subdwision tMraof. Maker agrees upon the requtat of BANK to pay alt such taxes, duties and other dtargee in
addition to principal and interrM on this promissory note, exclusive of United Sates income taxes end Fbrida income texas.
10. TNe BANK'S rights f»reurtder and under any other nwriry agreement or other writing a under appliable Iwr shall be ctxnulatiw. BANK st its
option may make subsequent advsrtces evidenced by this Note, in which event this Note shall remsin valid and enforceable notwidtstandtrg partial a
cots) payment, reborrowirtg, or repayment of sums advanced fterwrtder.
k
THE FOLLOWING PARAGRAPH ADDITIONALLY APPLIES TO ENDORSERS HEREOF.
to addition to the liability ss endorsers, which the urtdersgrtsd hereby sesame, for value received and intending to be Wgally bound, the urtdersigried
(and if more then one, each of them jointly end eeverallyl (a) hereby become wrety to the payee of the within note, its sutcesaors, endorsees end assigns,
for the payment of the within note, and hereby untonditionstly guarantee the psyrnertt of the within note end Nl extensions or renewals thereof and aft
Burns paysbN under a by virtue tMreof including, without linitation, ell amounts of principal and interest and alt expenses (irtdtrdirg attorneys' fees)
4 ~nturred in the collection thereof, the enforcement of rights tttereurttNr or with respect to any seturiry therefo? and the enforcement hereof, end :gales
presentment, demand, notice of dishonor, protest and all other notices whatsoever; and (bl consent and agree lil that sN a any of the Collsaral may be
exchanged, rekssed, wrrendered a sold Irom tirtr to tine, lii) that tM psyment of the note, or any of tM lisbilities of the Maker thereof may be
4 extended or said note renewed any number of timer and far sny period iwhether a not longer than the orginal period of said noel, liii) that tM holder
i of card note may grant any reNates, compromises or indulgmas with respect to said note or any extensions or renewsy thereof or any stcurity therefor _
or to any perry liable thereunder or Hereunder (inckrdirg but not limited to fsilurt or refusal to exercise oM or more of tlse rights or remedies pravidd
br said noel, and (iv1 that any of the provisions of said noes mry be modifwd; all without notice to or consent of and rrithout affecting the liability of
the urtdersigntd as endorsers and wreties, and further consent and sgree tl+st any of the untkrsigrtetl may be sued by the holder with a without
joining any of tfw other endorsee a makers of said noes and without first or conterr+poransously suing any such other persons, or otherwise seeking a
jxouedur9 to collect from them or any of them, and without first Or contemporaneously urtdertskirg to cetera any rghts with respect to sny security.
ENDORSERS:
I
(SEAL)
~
(SEAL)
(SEAL)
Amount of
Documentary Samps -
Required on this Noa:
s
X325 P~ .