HomeMy WebLinkAbout1102_. bAt~K St,au nave, O.,t seen not Or rrmrted 10• In! IW!O~wng rrgnts• e.,ch O) WhrCh may be errerc•sed bt any 1•rrle wnetnrr Or not !n•S r'ule +S Out, 1,.1 10
• ~ cat o• trenster this •rou and the Collateral, whereupon BANK shah be rrlrevrd of ill dutres and respons•brrrtirs nerrunOer and re+'r.•ed from arts a•.d an
,,,!~ lily r:•tn respect to arts Couaural fo pledged a uansteued, and any pledgee a ransler!! shall for a4 purposes stand in Me place o1 BANK htrc:.nger
nave an the rrgnts of BANK hereunder. Ibl to uansfer the wnote a any part of the pledged Couaterel info thr name of .tseu o+ its nomrnes. Icl to
• h• trw Obligors on any Collateral to mas.e paymem w BANK of any amounts due or to become due thereon. Idl to demand, sue lor• eouect, c• me<e
,.- ~ wmprt;mrsr or setUemem q diems desirable with relerrnce to the Collateral. ar-d lel to take ppssessron or control of any proceeds of the Gara:erer
FAhK rc hvrepy n•ven a Hen upon and a security interest rn at! property Of each OblrgOr nOVt' Or at dnY time hr•realter rn the p:,esesf•Or' pt BG\K rn
.-' + ~aVJl.rty ~Y'TUtWevee, rncl~drng but not hmrtld t0 and balance Or Shdre OI my deposit, UuSt Or agency iCCOUnt, OS seCunly IOr !h! pbymtnt Cf thrS
~.. and a srmrlar,rren upon the security interest rn all wch property of each Make- as SeCUnty for the payment of ill Other Irabrl+lrls Of each Rawer t0
c:+NK and BANK snarl have the same rrgnts as to wch property as rt has with respect to the Couateral pledged by the h1AKER.
~ II BANK deems itself insecure or upon the occurrence of any default hereunder, BANK shall hour all the remedies of a stcured party under the
Lt n.i prm COmrrercral Code tot the State o1 FlOrrda• and vwlhOUl Irmrnng the yenlr8lrty Of the forlgorng• BANK shall have the rpht, at rlt Ophpn, and
v.~ti)OUl nonce W demand, to declare the enure amount of thri note remarmrsg unpaid, end all Other Irabrt+ues OI any Oblrga Or arty Of such irabrlrt+ls
~- a clad by BANK, rrtwtledrately due and payable, less any unearned rnterest or other cha+ges and any rebates required by law (rt bern9 the rr.ttntron
'rereOt Ihal under rip CrttumftinclS shall BANK or any holder hereof be lnUtled t0 RCew! at any Urrl! any ChbrgeS not allowed or permitted by law or
~• ti, :merest rn eteess o! the rrWTrrmum allowed by la:vl: to set o11 against this note au money Owed by BANK rn any capacity 10 each or any Ob•+gor,
~•.^eme• or not due, and also to set ofi against au other habdrnes of each 14faker to BANK all money owed by BANK rn any capacity to each or air ~ •aker•
.-,c BANK shah be deemed to nave exerased wch rgnt of set off and to nave made a charge aga+nst any wen mo•~ey rmmrd•ately uoo•t the accu+•e^ce of
sic' >`fauR Even tnough wch charge a made or entered on the books of BANK wbsequem thereto. Unress the Couatera~ =s per.saab~e or tnrecttns to
a•-c::ne sc~eed•l•,• :n value o. rs of a type customarily sold on a recognised market, BANK ww give MAKER reasonable notice of the ume and osace of any
c.,D',c sale thereof Or of the nrtte after whrCh a Drwate sale will be txld. The requutmeM of reasonable nonce shall tx met d such nc•trc! rS marled. t.:3stoae
. •eoa•d. to airy :'al.e• at the address g~+Pn be1Wh Or at anv other address shown on the recd+ds of the BANK, at bast ten 110! days exfo+e the trmr of the
,.::r Upon drsposraun of any Conaterat after the occurrence of any default hereunder. Obligors snau be and remain liable fo• any defrcrencv. and SANK
~~~:: account to MAKER for any wrptus, but BANK shau nave the right to apply au or any part of wch wrptus for to no-d the same as a rexrvel against
~~~ and alt other habrtrtres of each or any Make- to BANK.
t, '.O delay Or OmiSirOn On the part of BANK rn ezercrsrrsg ary right Rereunder shall operate as d avower Of such right or of any rgnt under the r.ere NO
r.,r~re: Sr.31i tie binding on BANK uroess rn a wrrtrrrg s+gned t>1r an authorrred BANK Offiter• and inert Only !O th! extent SpeCrfrCatly Set forth thprem.
resentment, demand, protest and notice of d+ihonor, are hereby waived by each and every Obligor. The Ob!rgors,~ornuy and severally. Promise ar•ospre!
!c U3y in tilt event of a dtlauh, all costs and expenses recurred rn the couecnon of this note, rncludrn9 attorney's fees equal to ten per cent 110°• + Of the
n•~rcrpal sum, or wch larger amount as may b! reasonable and lust, and also those costs, expenses and attorneys' lees incurred in appellate proceed rigs
•+ ••OUnS and pronouns contained rn this instrument shau mean and include the plurd! aS well as Ih! Singular, and lh! mascu4ne, leminin! and muter "
de• whenever and wherever the context so admits o+ requires.
? Each OblraOr T+ereby expressly consents to any and au ex tensions and rrnewa's. ~'• whore Or in pa•t. and all dtrlays +n nine of payment O• Ctne•
:.•r^ance ~•:hrth the Holder nere0l may Orant O• pP•mrt at any trfrfp and from -nine t0 time tivrt.^.vui trr'tt5n0+, and V:••tnCut drt~ nOLCf. t0 Or !1i'tn@r
_ _. ~s=nt of any Ob':gor No aenon or rnaenon by 6ANK snau drscna•ge a•?y party lrbble for the poy mer+t r•erecf, and the Lability Gf ail such VarlreS Sholl
.c^,:~~u•: until actual vayment rs received by the BANK tYrtnOUt lr^lnmg lee o~neralny of Tee foregoing, !rte release or discharge of any ObTrOUr shh•l ^Ot
^.~scna•ge any other Oobgor, and the release or impairment of Coaateral, the takrna of a rene:val Hate, far part or all of indebtedness hereundr• er a
c~a,oe +n the rnterest rate, shat) not discharge any Obligor.
c '^` G^.t~Y a u.rthpr:Ied by a!I Ub!ICOrs WrthOUt nCtKE iC 3nV t' !n•_r~ :O dnri- :' ~ ,tote, ::S Of •ni• duv .-''cr• ;Re Lrst drSO:.•ce^?pgl cf :-.r Tcar'.
. ~ ~"~^ced tereby rs made, end to Idl rn any blank spates itorern t0 c0••tprm to Tie tt-•ms ul,Or. ,vnrch ;rte ioa•~ ea rile-.cad nerebY rs matte
`-` E`~~^ D+rncrpal and rnterest on this p•omrisory note aee payable re la;.+~, money e+ Tne Unrtea $:.rTes n' A•ne• rcz without deduction fo• o• on a;LC•~^t
^ti uresent n* future :arras, dutres or othe• chases lrv•ed er rmpose%t "Tars ~-~e o• lee p•t.ceern, mr,•.e• n• n.~:oe• ne•e(+f by any oo.e•nmenr• , : r•y
^sc•umen:alrty• authority or pOl,trcal subdrws+on thereof. Rlaker aorees upon Tne reouest of BANK to Day a!' such taxes, dutres and otne• cha•c_Ft m
_..:; ion to pr.ncrpa+ and interest on this promissory note, exclusive of t,inrted Stales rrcome taxes one Flo•.Q3 ~nccme tares.
? ~ Tne 6ANY,'S rr?hts hereunder and under anv other security agreemem o• other .vrirno or under app!•ca5le 1a:r snau be cumu!atw?. BANK at ifs -
ca•:on may ma%e subsequent advances evidenced by this Note, m which event this Note shall remain valid ono enforceable notwrthstandrng pa•tial or
;c!ai payment, reborrowrng, or repayment of sums advanced hereunder.
THC FOLL01511NG PARAGRAPH AOOITIONALLY APPLIES TO ENDORSERS HEREOF.
~^ ::dd•tr0r` tG the liability aS a^•dOrSer s, whrCh ttrE u^de.5•onPd her2t„r aiiu rno• 10r valuE r°[°rvEC and •^°_^d~^= tG tY.• IPC~':v bOu ~~C. "E u~di• C~'~:: ,
'.] .! •'•nre thdn One, Ea:'h Of them JOrnily and severally) lal hereby D?CUm~ Surety iG the ;ace'-' `t ino- ~. •'O•E rte Su,Le seO.s ~~.~^•~..oc >.,~+ : ,.
_ r.e pavment of the w+thin note, and hereby unCOndrt.onally ouarantee the payment of t~~ wamn note 'end a.: ex tensions or renewors thereof z-d 3l.
" Lc~3ble unde* o+ by virtue thereof rnctudrng• vtrtnout l~mrtatio^, alr amou^•TS of T;.rn(.[,a• and •nfe•es a^.^• a r•cx^ees ~•+_~~.^ •c ?ro••1ey• te-zs~
;.. •rd :n Tne co!+ection thereof, the enforcement of .rgnts the•eunoer e+ vnth rescec: :e ~•:. SQCurrly t'+erelp• ^•rt t'?P en}Or ~e rr'r^t ne•eJr. a^.C 7.e
-._^~rnent• den-.and, nouee of drs!:o~or, protest anoau ot:re• nence;>.Zhatsoever and !bi co•srnt a*d a9*ee l~! that ol: o+ a• y o1 t Cv' oli'o' ^ .'. b-
' ~"o'CeO, relfaSed, surrendered Or SOId from time t0 time, Inl teat the payment Of :rte r.Ote, G• any O` the ~ao~lrnes Of t^e f. a..F• i^•f'FQf !^;.~ bt
?d cr said note renewed any number of rimes and for any period n:hetner o• not runger than tr.e o,•~.na: t,:-nod of card nvtet. T • •.:*~t :rte • : c-•
.' s ~G note may O.2nt dny re!eases. COfrlprOm:S4S or ~nduigences firth respect IG said note Or any extensions o• •ene:+ar5 tnereOf Ur a^•p "=t~•rt. *. E•«a•
_ = a'.Y Party Labia thereunder or hereunder Irnclud•ng but rot rrmrted to failure Or refusa~ 10 axerGSe Gne Ur mere Of :rte nCr is L' •emrd•a•S G' :. Kcd
.~•o nete). ?rid In'! thot any of the provrsrons of sad note may be mod.Lrd. air vntn;,uf notice to or co^ser.r c` a~~d v. •ttlo.,f d'•~C ir•rC InP r.dL
' _ .. "~C?r,.c-ed aS enCOrSerS and SurenE S. and further Consent dnd aUree that B.^.y Of 1+•Q urdt•sbnt'C met bt' sued by 7np ~:r1-• r. O' ~- ..
a^y of the etnrr endorsers or makers of card ^cte and without fast or cn*••temuoraneossly sang a~>, sue+~ of~r verso^_. c• c .. ,•- s=+- • ~ „
__ •=ding ro cor•ect fiom them or any of them, and wrtheut first Or conternporsneousrV under:zk:•-ra tr e• fc•ce -^S ,,nets v: t^ r- . scr T- ; •. ~•• 'v -
ENDORSERS"
`~._uTen:a•y Stamps
.:u.~eu on :his Note.
c
ao~K 344 PAGE 1102
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