The URL can be used to link to this page

Home My WebLink About0497 i upon tM otx:urrenq of an event of default, tM Bank may institute appropriab Ipal prooedings apairat tM Obligors to obtain jtldpntant on the Nose a.td/ or exert.iM is rights and remdie p a severd party under tM Florida Uniform Commercial Code or other applicable law. If tM Bank has deemed ittalf iraawre or upon tM oecwrena of an event of dehult, tM Bank shall Itava tM rpht, immdiatNy and without further action by it, to Nt off ageirlst this Nob aH matey owed by the Bank in any capacity to sash and any Obligor, and also to set oft ageirat all oMw liabilities of estfit Maker to rite Bank all money owed by tM Bank in any capacity to eadt and any Maker, and tM flank shall be deemd to have exorcised such right of set off and to haw made a dtarga agakat any ouch money imrtadiately caper tM ooturrertce of such default oven though audt charge is made or entered on tM books of tM flank wbequertt tftereto. NNes tfte Co~~a~- eras is perishabN Or Mreitem to deC1iM speedily in valve or is of a typo customarily sokf on a reo9gltized ntarkat, the Bank will gM tM Maker reasonable notip ` of the time and play of any public saN tlareot or tM time after which any privab sale or any other intended disposition tltareof is to be made. TM require- ment of neonable notice shall be met if such notice i< meild, postage prepaid, to any Maker at tM address given Dhow or et any otMr addree shown on tM record: of tM flank, at least 5 Jaya before tM lima of tM aN a disposition. Upon disposition of any Collateral after tM oocwrena of any default, tM Obligors shall ba and remain jointly and severally IiabN for any deficiency. TM Bank sMll account to tM Maker for any surplus but tM Bank shall have tM right to apply all or any pert of such surplw (or hold tM soma e a resertra against) any and all other liabilities of each and any Obliges to tM flank, The Obligors Itere- by waive any rights of redemption afro default. All parYle IiabN far tM payment and collection Mnoi: (1) agree to pay ell expense incurred or paid in tM protection of Col4taral a tM anforcgrant here- of, whether tM Bank h obligated therefor or not, including attorney's fees egwl to 10%of tM amount in deteult or such larger amount a may be reasonable E far service and experaes incurred in tM enforcement hereof either prior or subsegwnt to judgment and whether in judicial procesdirtgt a otherwise, and also chose coca, expanse and reasonable attorney's fee incurred in sppNlste prooeedirgs; 121 waive preantrrtent for payment, demand, notice of rton~peymertt, notice of protet and protet of this Note; 131 tx?nsent to and waive notice of any and ail renewals or extensions of tints, waivers, or modifiptions Mat may be granted by tM Banc with respect to tM payment a other provisions of this Nob or to the nNee of any Obligor or tM Collateral or any pert Hereof, wiM or without substitetion; and agree that additional makers, endorsers, guarantors or suretie nay beconts partie hereto without notice to Utam o. affecting their , liability henurtder. The Bank may at any time in its sole discretion compromise, settle or extend tM time of payment of any of tM demtartds a obligatiora, represented by any of the severitie pld9d hereunder and ell of Me parties liable for tM payment Mreof Mraby make, constitute end appoint iM 8artk, his a their true end lawful attorney for this purpose with full power and authority to comyxomise, settle o? extend payment of said demands o? obligatiora and to acquire, satisfy or dis- charge tM same of record or otherwise a tM partie liable fa tM payment or collection hereof might or could do if personally present. TM Bsnk shell not be under any liability or obligation to take any steps whatsoever to fix any Jiability upon or to collector to enforce payment of any obligation pledged ss security hereunder whether by giving s!ty notice, presenting, demanding payment, protesting, instituting suit o. otherwise. The Bank shall not by any act of omission or commission be deemed to waive any of its rigita or remedies Mreunder unles such waiver shall be in writing and signed by tM Bsnk and then only to the extent specitecelly set forth therein; a waiver on one event shall not be caatrud a t:ontbtuirg or e a bar to or waiver of such right or remedy on a subsequent event. The liability of each Obligor shall be absolute and unconditional and without regard to tM liability of any other party hereto. Any notice shall be sutficient- iy served upon all Oblgors by serving such notice upon any one Obligor. TM notice shall be sufficiently served if placed in tM mail, postage prepaid, addressed to, or left upon the premise of any Obligor at any address shown on tM Bank's records. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION EACH MAKER ACKNOWLEDGES RECEIPT OF A CONFORMED COPY OF THIS NOTE ON THE ABOVE DATE. i - i I 7244 ONen Dr. , ralaniaz00, MI. 49007 ISEaI.1 ADDRESS SIGNA VRE OF MAKE A. Sot~el~s (SEAL) ADDRESS SIGNATURE OF KER 9innne h. SOmer~s • i ~ ENDORSEMENT I n addition to the liability as endorsers, which the undersigned hereby aswme, for value received and intending to be legally bound, the urtdersgtted (artd if more than one, each of them jointly and setrerallyl (a) hereby unconditionally guarantee the payment of the within Note and all extensions or renewals thereof and all sums payable under or by virtw Hereof including, without limitation, all amouna at principal and interest and all experaes (induding attorneys fees, ~ whether incurred in trial or appellate protxtedingsl incurred in the collection Hereof, the enfarcerrtent of righa thereunder or with respect to arty severity there- for and tM enforcement hereof, and waive presentment, demand, notice of dishonor, protest, notice of protest and all other notices whatsoever; and (bl tortsertt ~ and agree that they are bound as Obligors under tM terms of and are subject to all provisions set forth on tM fact of said Note a fully as Hough they were each ~ a Maker thereof, and to tM exercise by the holder of each and every right therein set forth a permitted by taw, all without notice to a coraent of and without ! affecting tM liability of the undersigned, and further consent and agree that any of He undersigned may be sued by tM holder hereof~vith or without joining any of tM other endorsers a Makers of said Note and without first or contemporaneously suing arty such other persons, or otherwise seeking or proceeding to cofiect from them or any of them. E S i 9 (BEAU ADDRESS SIGNATURE OF GUARANTOR _ (sEau ADDRESS SIGNATURE OF GUARANTOR e * an 0.0384x undlvlded Interest 1n Turtle Reef Cond. I, recorded to O.R. Book 263, ` :'age 2002..Untt Week 13 1n Cond. D-14, Apt. No. D-14 as desrr~lDed in said wortgage. E t I Y c a I • ~e~ _ (~?'ttr,~, ~ b001~t~JJ PAGE y n _