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the property (hereinafter referred to as the "Collateral")
descrihzd in the Florida Mortgagc (hereinafter refPrred to
as the "Mortgage") of even date herewith, executed by
Borrower, as "Mortgagor", to Payee, as "Mortgagee", which is to
be recorded in the public deed records of St. Lucie County,
Florida,
If Borrower shall fail to pay when due any amount
payable hereunder and such failure shall continue for ten
(10) days after Payee gives Borrower written notice thereof,
or if an event of default shall occur under the Mortgage,
then Aorrower shall be in default hereunder. In the event
Borrower shall be in default hereunder, then any or all of
the Liabilities may, at the option of Payee and without
demand or notice of any kind, be declared by Payee, and
thereupon immediately shall become, due and payable, and~
Payee, without demand or further notice of any kind, ma~
exercise from time to time any and all rights and rer~edies
availa5le to it under this Note, the Mortgage, any other
instrument or document relating to any of the Liabiiities or
the Collateral and under any applicable law.
With the consent of Payee this Note may be extende~
or renewed, in whole or in part, without noti~e to or con-
sent of any co-maker, endorser, guarantor, surety or other
person or entity liable, whether primarily or secondarily,
on this Note anc3 wi~hout affecting or lessening the liabi-
lity of any such person or entity, and each such person or
entity hereby waives any right to notice of or consent to
such extensions and renewals. Payee shall be under no
duty to enforce payment by exercising any of it~ right~
hereunc3er and each co-maker, endorser, guarantor, suret~.r uc
nther person or entity primarily or secondarily liable on
this Note hereby waives any right to require Payee to take
action agaiast the principal as may be provided for by tne
statutory ar decisional law of the State of Florida, or any
other sta~e. Failure of Payee to exercise any rights
hereur.r?er sha~l not affec± the liability ~f any co-maker,
endorser, guarantor, surety or other person or entity pri-
marily or s~condarily liable on this Note.
Any failure on the part of Payee at any time to
requir~ the performance by Borrower of any of the terms
or provisions hereof, even if known, shall in no way
affect the right thereafter to enforce the same, nor shall
any failure of Payee to insist on strict compliance with
the term~ and conditions hereof be taken or held to be a
waiver of any succeeding breach.or of the right of Payee to
insist on strict compliance with the terms and conditions
hereoE. Time is of'the essence of this Note.
In case this Note is collected by law, or through
an attorney-at-law, all costs of collection, including
reasonable att~[ne~/'S fees, shail ~e gaid by Bozrok~e:.
Demand, prFSentment, notice, protest and notice
of dishonor are hereby waived by Borrower and each and
every co-maker, endorser, guarantor, surety and other per-
son or entity primarily or secondarily liable on this Note.
All notices, requests, demands, tenders and other
communications hereunder shall be in writing and shall be
deemecl to have been duly given (i) if personally delivered
or (ii) if mailed in the United States mail, by certified
mail with a return receipt requested and with all postage
prepaid, as follows: (a) if to Borrower, delivered or
addressed to 6orrower at 55 Woodlake Road North, Albany, New
York 12203, or to such other address as Borrower may
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