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HomeMy WebLinkAbout21051 -1 BANK fnau -,,,,,N, ~x,~ ,~w,i~ n:~~ br I~m~IM 10. lhf ~1111pWU~ ~~y1~h. l.Kh O~ 1M~Kh InJy Ix• r~r~. .~yf a1 N~y t,~ne w~~rU~r~ ~H r~ut Ih~1 ~~U1M ~f dv! la~ t0 ~~te~fpe or tranila th~s ~~o~e and Uwe CuUa~r~al, wher'u~wn dANK ~-~.dt be ~ri~.vrd ul a~~ dut~eti nKl ~rspw~s~b~i~t~es hr~ru~~de~ a~~d ~et~rved hwn ,,~~y ,pl(~ JII 4dUddY Nhlh IPS{)CCI tU J~ly COIIdiNtAt ~p ~1t'OQlO 01 IIaMIC~~l/I. JINI J~I~I ~~I1'1~,~ W I/J111IC~Y•• ~IIJ~I IOI ~II ~N/I~)pytll !) H~U u~ a~e ~,4,ce o1 BANK ~K~eunUe~ ~~~d have sll tlk ~p~ut ot BANK ht~runde~. Ib) to Uansle~ IIMr v~A~ule a.~ny p~~l OI tl~r pled~ptt Cp~~~lf~rl a~to the n~n~ ol +~feN o~ ~h n~m~nee. Ic) iu nut~ly the Oblp~s un a~W Co~~~~r~~l 1o make {Hymenl to BANK ul ~ny ,rnpu~q~ due a lo be~u~~w• Jue Iheieon, (d) Iu drnwnq, wr iw, toi~ec~, o~ mare rny comp~om~fe W eMUrnw~u ~t dre~nf cl~~ralile w+th ~atr~encr to tl~r Cutfat~•~at. +rxi le) 10 lakr ~N,tifest~on ur co~uol ol iny procrrals ol u~e CuU~~~r,,i a BANK ~s hr~r! v urvrn a I~rn upun and s fecu~~ly ~n~r~efl ~n all p~u~x~ty OI eath OMgc~ ~~uw or a~ m~y tune nr~eaite~ ~n the possesti~on ot BANK ~n ~~~Y tapaaty ~vhotSU~vC~, ~nClud~,+g bu1 n01 (N1~~tld t0 ~y bD1,NUC a sh~~t Of inY dH~ot~l. t~usi w ag~nty :K:ctwM, ~t Sewr~tY ~O! IhC VdY~ntnl OI th~i ~~ote, ~nd ~ f~rtu~s~ hen u~wn Ihe srcu~ity ~maes~ ~o sll wch pope~~~ u~ esch M~ker ati secw~~~ fo. the payment ol all uther I~aM~~~~es ot each Make~ en ~ANK and BANK sha~l nave the s~me ~qh~s ss ~o wch Woprr~r as ~t has w~~h reipec~ ~o the Cuu~~ersl Nledged by ~he MAKER S 11 BANK deara ~tse11 ~nsecu~e o~ upo~ the octunence ol any dr1au11 hereunder, BANK ~~.~11 h;rve s11 the remedKt ot a secu~ed pr+v u„~~ the Umtam Cortrne~cw~ Coda ia ~ne Sto1e of Fionda, and w~thou~ I~m~w~g U~e qer+e~ahty ol ~hr foregoug, BANK shaU have ~he rght, at ~1s op~w~, and wuhoul noUce w~m~nd, to deci.~r the e~u~e a~rwu~t ol thn note ~rma~mnp unpaef. a~xf all o~he~ hN~d~l~es oi any OWga w any ol wch I~ab~hl~es ,.•tectcd by BANK, ~nunedwlrly due and W~yaWe, less any u~x,N~xd ~nteiesl or o11xr Cha~qes a~~d any rebates ~nawr~d hy law (~t Ge~~~q the a,tlnUUn ~.~ ~eo1 that unclrr no arcumst~~ues sAali BANK o~ any hoiclr~ hrrFUf be e~~n~led to ~ecave a1 ~~+y t~me a~~y ch~qes not a~towed or pe •m~tird by law or ~~~y ~n~eiest ~~~ e~cess o1 the nu~~nxim allowed by laWl: /o set otl aqa~ns~ tn~s note aN mp~ey owed by BANK m any c.x-sc~ty to r,,ch n~ any Ob~~qor. ..nN~her o~ not due, a~xf atw ~o set oll aga~nsi aU o~her 4ab~InuK o1 each Maker to BANK a11 nK~n~y owed by BANK ~n any c:fpxrty lo rach o~ a~y MakN. ~~d BANK ahah be drrn~ed tu -i~ve exe~t~sed fuch r~qhl OI set ull a~M to h.,vr macie a cha~gr .g.u~~~t any wcA monry ~mnrcd~ately upc,n Ihr otcu.rrnce ul ,~ch delault even thouqh such cha~qe ~s made o~ entered o~~ tt~e t~oohs o1 BANK wbseyurnt i~»~~e~o. UNest the Cullarera~ ~s per~s~~,rU~r or threa~ent Iu i.•. ~~ne sperd~ty ~n v.~iu.• or ~s uf a ~ype custarwidy sold u~~ a~rcugmied ma~ ket, BANK wu! q~w• MAKE R~eawnnb~r not~ee ol thr a~-~e ,xW p~xe o1 any ~~ubl~c sale the~tot o~ 01 ~he t~me aher wh~th a{urvate sd~e Nn11 be he1d. ihe ~eyuurment of ~eaw~~.,ble nuUCe shatl be rnrt d such not~ce ~smaded, postagt ~~~rpa~d, toany Maker ,t the arkt~eu g~ve~ beiow a at a~Y ~~-rrr ,~ckt~res shorrn on the+ew~ds ~~f ihe BANK, at lrast ~en I101 d,v: tx~loie ~he um•e ol tAe ~..de. Upon d~spos~tiun u~ any Cutl.-le~d~ diter Ih! U(CW1l'~1CP O~ J~~y (~1'I.r,i~ -~e~eu~Kfe., Oblgo~t sh.dl be and rema~n I~~VIe IOr ~ny del~~~ency, snd BANK ~.~w~i account to MAKEA for any w~ptus, but BANK sAall hare the rghl to.~ply all Or any pa~l ul wth wipluf (ur to hold tl~v tame ~s a reu~ve) aga~nst +ny and all olhe~ hab~h~~rs ol each u. any h1aAa to BANK. ~~ No delay or ortKSS~on oo ihe pa-t of BANK ~o e~eras~~9 any rgnt he~euncfe~ shall qxrate as a wd~ver of wth ngAt or ot any ~ght uncfe~ ~hn note ~Vo :varver snsli be bindiny o~ BANK unless ~e s vv~~uny sgned by an author~ted BANK oll~cer, acxt then onfy to the extenl sptt~hcally set iorth theran. P~ esentment, demand, protesl a~d ~o~~ce ol Q~sAOrwr, ar~ he.eby wa~ved bv each and evay Obi~gor. The Obl~go~s, ~o~ntly nnd seve.a~ly, proni~se and aq~e~ •, ~ paY ~n the event oi a de~ault, all costs and expenyrs incurred ~n the cutlecuon ol th~; ~ote. ~~c~ud~ng atlaney's I~es equal to trn pe~ cent (10'~GI ol ~he :.~ ~napal wm, a wch larger amoum as may be reasonabte and ~ust, a~el alw those costs, expenses a~d stto«-e~s fees ~ncurred ~n sppellate proceed~ngs_ •. n ncwns and p~onouns rnnta~ned ~~ Mis i~strument sha~l mean a~~d ~ncludr ~he plur~~ as we~i as ~he s~ngu~ar, ar.d the mascuhne, lem~mn! and neuter •,~•nder whenever and whe~ever the context so adm~ts or ~cqu~~es. 1 Exh Obtgw Iwreby esp.eu~v conunts to any a~xl a11 eatens~+~~~t a~x1 renewals. ~~~ whoir o. ~~ ~it, and all delays ~~ Ume ot payment or o~ne. i»•~Iwmance wh~ch the hulde~ neieol may q~am or ~xrm~t at any t~nx a~•d from Ume to t~me~ w~~~wut hm~lat~o~, and without any nphce to or fwine. : ~nsent ot any Oblga. No .ittwo w ~nactia+ by 6ANK s~~all A~xha~y~~ ~~~y pa~ly I~able tor ~h•• p.~ymant he~eo(, and the habd~ty o~ aN such p~rt~es shatt n.~unue untA acwa~ tuy~nent ~s ~ece~ved by the BANK W~Ihout hm~tmg ftx gene~al~ty o( ~he loiegang, the releau or d~scha~gr uf a~y Oblgor shah not ~.~~xharge any oMer Obl~gor, ancl the release or ~mpa~rment ot CoH~~e•,~. »~e ~ak~rN~ ul a~en~~r+.+~ note, ~o~ ~iart o~ a11 of mdebteUness hereundrr, o* a rh~nge m u+e ~n~eres~ ra~e, shail no~ d~scharg~ any OUl~ga~. 6 The BANK ~S ~~Ihonled bY atl ~bigo~s W~thOUt not~te to e~ ~ e.t +~i.-m io dater th~~ i~:,!.- ~~ oi the d.ry whrr. th~• lu~[ d~sbu•c.•r-~nt Of thr I~~a~c ~ 1~de~~ced herebV ~s ~*~.~tJe. e~~d /o fdl ~n any btank spaces he~~~v~ to c u~,/u~n~ :,, ~r,r, te~m~ ut~:~~ ~li,~~ t~ I-ie iu~n ev~clencrd he.eby n m.id•. • Bolh pnru:pal a~~l mh•rrN n~ th~s p~Om~sSOry ~ot! 0~e {~.+y.~hfi• ~n ~...ti~,~l „u~n~ry n1 r1:r Ur~nr :`:t urc ui Ame~~ca w~~huut rfr~lucuon fu~ ,r un .~Ct~.~rnt ~ any pre•,, nt or lulu~t t.laes. duf~PS O~ Oth~r cha~qes 1~.-~eef ~n ~mpnsr~f .~,• th~t nnie ~i~ th., pr ~....tq, ~naker o~ fiut~lrr he•CC~1 by .~ny q~,vPrn~n¢nt, n. .~iy ~~svumentaMy, autAonty or polnical sutxf~v~s~oo tAereo~ Make~ .~y~res upon ~he ~eques~ of NANK to pay afl wch waes, duhes and other ch,,rqes ~n +1d~UUn to pnnc~pa~ antl ~nteresi on thn prpmnso~y note, e~Nus+vr +~t Un~tevf S~atts ~~wme t.i^ri .~nd Flmala mcome taaes. ip The BANK'S rgMs hereunder artd under any o~~ secw~W ~4«rme~t or other wr,hrM nr uncie~ a~l~cab~e law sha~~ tx cumuier+ve BANK at ~ts ~~pnon may make wbseUuent adv.u-ces ev~dencecl by th~s No[e. ~n rrhKh event tfi~s Ncie st~a~~ ~ema+n val~d dnd e~~orceabie notw~ths~and~nq pa.hai pr ~~~al payment, reborrow~ny. or ~epayment of sums advancecl ne~eunde~ THE FOL~OWING PARAGRAPH ADJITIONALI.Y APP~IES TO ENDORSERS 1~FREOF. ~n add~t~on to thr I~~bd~ty as endo~sers. wh~ch the u~ttlP~trclnrd 1~Prrlty issume, lo~ value re~ ~~.:~-tf and ~ntend~ng tu hr Iegelly ho~inA. tn~ i.~•dervq::ed ~,nd ~1 mpre than onr, exh ol Ihrm ~omUy and sevrrailyl lal nerrby bea.~ne w~etY lo H~e ps;• ~• uf the wah,~~ note, sts wtcesw~s, endo,u•r, .a~d ass~yns, ~or the payment of 1he w~th~n no1e, and hereby uncond~~~o~ally gua~anree fh! payment of th~• ;~~~h~n note antf a~~ ea tens~ons ur ~enev:a~s thr~eol a~~A .,!~ ~.~ms pavablr under w by vutue thereo! ~nclud~+g, w~thoui ~~rmia-~ur,, ,,n aft~ouna ol p~~nuue~ ,~r~d ~nrerest a~~d all eaprnses ~~~clud:~~q ar:u~nry~. fres) ~~~CUned ~n the col~ecaon the~eol, the enforcemen~ o( nahK t'uvrunUe•~ t~r w~th reSVCU to an~- vcurrty thr~eto~ and the ert(orce~nt fir~eo~, ancl v~awe ~,resentment, demand, noace of d~shonor, protest ancl a~~ ofher npt~CeS w~~afs0lvtr, 0nd (b) co~~sr~u and agree (J that a1l or a~~y ol ~he Cuu.~trrut m.,y br •.charged, released, wnende~ed or wld from ume to ame. In1 ~ha~ fhe paymMt of the not~•, or any vf the 1~ab~l~ues ol the Make~ ~herrot may be ~r^ ~ended or said note renewed any numbn of t~mes and ta a~~y prr~od lwnetne~ or no~ ~onge. ih,,n tht o~~g~na~ plnod ol sa~d notel, I~n) ch.~t tne houfr• u1 ~~d ~ote may gr~nt any rl~FJSCi, CO~-1prO~n~SCt d ~ndu~ge~~ces w~th res~~ett t0 sa~d n0[e or anv ertens~ons or rtnewa~s ihereof ut a~~y xcunty therrlo~ ,r ro any party t~aWe thereunder o- hereu~de~ hnclud~ng but noe ~~m~~ed ~o ia~lure n..etusa~ u. exeruu o~+e w mae ol the r~qh~s or rr~nedw.s p~rn~ded !~y sard notel, and hv) that any ot 1he prov~s~oas ol sa~d ~ote may be mod~f~ed. all w~thout not~r ~• ~o w con~nt o1 and wi~huu: atlect~nq a~e ~~,N~~hty o~ 'tir undersgned as endorsers and wret~es, a~d turtner cunser,t a~~d agr~~ that any o~ t1~r urnM ~~ ynM rtWy be wed by Ih~ h.olcler vntn u. w~rhi:ut i,~mrg any of the othe~ endorsers or make~s o/ sa~d ~ot~~ and w~tt~out fi~st ~x comemporaneu~~~~y w~ng any wch othe~ perwns, o. o~hrr~Y~;r seek~~~q o+ ;.~ucrr.J~ny to cuNect trom thrm o. ~~ny of them, and w~thuut Iuet o• co~urnq,ur~rr.•~usiy uruf••r~.,~~•1!) 10 Ci~~6~1'C .r~ty rw~h~s w+lf: rry~ect hr .r~y u~~.ur~ty ENDORSERS 1 : ~i /, . ,. ; . ~ "p. ~<~ ~ j'~• / 'i. ~ Donaid E .-- Jgcobsan --- , ,-' .~.:___'_,,_ _ ~t_~:~~ John R. Rea _ -- -_--, - -- _--- ISEAL 1 -- --------- -- ISEAL) -------- -- ----- _ ----- - - -- - - - - - ISEAII Arnarnt ol Uocumenury Stamps Rpw~M o~ th~s Note s ;~ ~~~~~ ~_ - -~ ~._.~.~,~, = w .._. ~ _.-_ -;~ ' ~ ' ~ ~ ~x345 p~t21(l~ --- - :. ~.~