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Home My WebLink About1584 • • 1 . l • Bank sMll exercise reasonable can in the astody and preservation of the follateral to tM extent rpuirytf MI kable s ty attd shall W deemed tc, haw exercised reasonably Cere if it tekee such action for that purpaw M MakN eltall reasonably rpuest M wyr(th~ but h0 is~p11 t~ do any oct not r wuested bf? Maker shNl be deemed a failure to exercise reesonable un, and no omission to comply with any hajr~k bf Maker aliy~t i~sNf ba rNarttad • t.,dura to exercise reNOnably care. Bank shall not be bound to take any steps necessary to preserve any rights in tM Collateral against p for partial end Maker shall take aq rteeNSa?y slap for such purpose. Bank or its nominee nand not collect ingrsst on or prirtefpN of any Coll~tewl of give any notip with ryspet:t • to it. It the Cdlatenl sltNl at any time become unsatitfaetory to Bank, Malta shall nvithin one day after demand pledge and deposit with Bank w part of the Collateal additional property which b gtisfat:tory to Bank. Bank sMll have tM right. which may ba exercised at eny time wftethM or not this note is dw, to notify the Obligor on any cntlateral to make pay mint to Bank on any amouna dw or to bacatte dw thenort. In tM event of any default herwnder, bank shall thereafter haw, but shb11 not be lunited to, • the following rights; Ii1 to pledge a transfer this note and the Cdlaterel and Bank shall thereupon be rytiawd of all duties and resp4nsrhrlities hereunder and retievsd from any and NI liability with retpreet to any Collateral so pledged o? trar?sferrsd, and any pledgee a taats(ene shall to elf purposes stand in tM Niece of bank herwnde? end haw all the riphb of Bank hereunder; lift to transfer tM whole or any part of the Collaunl into the name of itself or its ngni• n Gii) to vow tf+y Cdlatyal; (iv) to demand, wy for, edtsct, or mr, ~ any compromise or atdement it dawns desirable with relcrence to the Collateral; 1 ~.d (vl to take control of any proceeds of Collateral, fVo delay or amission on the part of Bank in exercising any right herwndsr shell operate as • waiver of such right o. of any other r gttt under this note. Presentment, demand, protest, notice of dishonor, end txtension of time without notice are hereby waived by each and ever , Cbtrgr~•. Any notice to Maker shall be sufficiently served for all Purposes if pieced in the mail, postage prepaid, sddreued to Or loft upon the premises at, the atldress shown below or any other address shown on tM Bank's records. 'j~ d GUARANTY ' In addition to tM liability as indorsers, which the undersigned hereby assurr?e, for value regitred and intending •o be ~e,c,~ty b•~U,d, m~• ur iesigried .end if more than one, each of them iointly and severally) la) hereby become surety to the PayN of the within note, its sucr sort, .r.ric.+sves an•1'ussrgna ' htr the Psymertt of tM within note, and hereby unconditionally guarantee the payment of tM Within note and all exta,tsions or iar~ctvats thereof and alb ,ums payaole untlyr or by virtue thereof including, without (imitation, aN amounts of principal and interest ur:d all exprn;es (rrclud,ng .,n:,,neys' fees) - ~ncurred in the tdleetion thereof, the enforcement of rights thereunder or with respet• to any fetutity therefor and the en!o:c=~":r,t here0~, and waivg ;,~rsentment, demand, notice of dishonor, protest end a!l other notices whatsoever; and tb) content and agree li( that alt or a:,y ~t the Coitatarai may fa? ~•.changed, relsesed. wrrendtred or sold from time to time, Ui) that the payment of the note, Or any of the t:abilities of thr Mol:et :hcreuf, may ha eKtertdar - Or said note terletlrred any number of times and for eny period (whether or not longer than the original period of said no!e1, (ri,; ,a,t rhe~ holder of siu f noq - ~nay grant eny releases, compromises or indulgences with respect to said note or any extensions or nnswafs thereof or any secur;ty thereto+ or to:+nyparty !:able thereunder or Mreunder (including but not limited to failure or refusal to exercise one or more of the rights or remedies pr~s•~rtrci r,y card notr 1, and +~v) that any of the provisions of said note may be modr(ied; au without rwtice to or consent of and without affecting the tie+.nhty of the orders ~.ned ai ~r,dorsers and wnties, and further consent and sgiee that any of the uncle+signed may be sued by the holder hereof with or withw,r to,r.:ny any of the other indorsers a makers of said note and without fins or contemporaneously suing any wch other s, or otherwise seeking or p;rxced.ng to collect from t+tiam or any of them, and without first or contemporaneously undertaking to enforce any rights r urrty. ~ ISEALI ' ~ ' ~ ..n ~ 1. , J`~` • - ; ~r -~IS)EAL) (SEAL) - -t i 4 • 4 r i i s ' , 1 • f 8~~ . - ' i ,