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Home My WebLink About0928 ` If tM variabl~ intt+~t rsU if tWt app{iubk snd if this note is psyab~e an d~m~nd, Bank reserves~ and ~s hereby ~ranted the ri9ht, to adjust ch~ int~nst nq from time to tim~ by furni~i?i~p MMcer witA written notice of wch sdjufted raca, prwided, howe~,ar, thst no wch sdjusted rate shall sxcNd cM maximum nt~ Nlow~d, trom time to tim~, by Iaw. Additiora to, nductic~ w~ccMnp~s of, or wpititutions for tlu Collatenl, payments on ~ccount ol chii toan or increas~s of the serr?a, ar other lo~nt mad~ pKtically or wholly upon tM Cottat~•sl. msy /rom tima to time, be msde without sffectinq tlie p~o„uions ot this nott. If 8ank d~ns iqelf ira~cur~„ or upon the happ~~in9 of a~1r of tht followinp events, ~ach of which sh~ll constitute ~ default hereundtr, Ni tiabilitNt of s~ch MakK to BNNc tMll tAfnupon or thertaft~t, ~t tht option of 8snk, without notiCe pr demand~ bsconk due sncl psyabl~: (silun of any Obliqor (whicA term shall rtkan ~nd includ~ esch INakK, r~dorser, wrety and yuanntor of this note) to p~riorm ~ny apr~ement Aenund~, ~o pay intaat I+~rwn wAsn du~ or rpuat~d or demsnd~d, or to p~y sny other liability whatsoaver to 8enk wh~~ d~~; (b) [hs death of any Obliyor; (c) tM ; filinp of ~ny p~tition und~r tha Bankn~ptcy Act, or ~ny similsr f~dtral or ststt it~tua, bY o? sqainst sny obl;por; (d) ~n app~i¢~tion tor tM sppointm~nt of ~ nc~iwr or th~ makinp of a p~rkr~i aaiq~ment for tM benefit of crediton by, or the insolvency of sny Oblpor; the entry of s judpment apai~st iny Oblipor; (11 tM is~uinD of any vvrit of sttachmMt o~ writ of ~s~nishment, w che filinp ot sny lian, ayainst the prap~rty of sny Oblpor;lp) the takinp of pop~siion of any abstantiN put ot the proparty of ~ny Oblisor st tAe inst~nce of sny yoverrxnental authwity; (h) tAe dissoiution, merpsr, co~solida tion, Or r~ot~?it~tio~ of any Obligor; ( il the ~ssgnment by aoy Mska~ of sny eQuity in ~ny of the Colletersl without tAe writt~n toruent of Ba~k, B~nk is Mnby piv~n ~ tisn upon ~nd a iecurity interast in stl property of eacA Oblipor now o? ~t a~y time hereafter in the poss~ssia+ of Bsnk in any C~pseity whatepswr, includinp but not limit~d to sMr b~la~c~ or share of any deposit, trusc, or pent ictount at security for tAe ptyme~i of this not~, and ~ timilar li~n upon N+d acur;ty Frtterett in a!! wch property of each M~Icer as security tor tM payment of sll otMr Iisbillties of each Miktr to Bank (ineludinp Iisbilitirs of ~ath Maks~ ~nd ~ny other perwr+l; ~nd Ba+k shall haw the sarne r~hts ss to wch property as it hu with rtipect to tM Cdlat~ql. If B~nk dNn» iwlf insscun or upon tM ooCUrrsnp of any d~fault hereunder B~nk shall hsve M~ rem~di~s of a sacured party undtr th~ Uniform ComrtMtcial C,od~ and, without limitiny tM ~n~nlity of th~ torpoiny, Bsnk shsll have the right, immadiatNy snd without further ~ctio~ by it, to s~t off ap~inst this not~ s{I mon~y owed bY Bank in ~nY e~city to esM a any Obtiqor, wAether w ~ot dw, tnd also to set off a~inst ill olMr ti~bilitNS of ~h Maka to Ssnk a!1 mo~ay ow~d by Bink in ~ny ppttity to ach or any Maker; and Bank shall be d~etexd to hav~ ezarcised such ri9ht of s~t-oH snd to f?~ rt?ni~ ~ cha~ aq~i~st ~ny such mon~y imm~diately upo~ the oaurr~nce of such defsult ~ven thouyh such ~ chsrye is msds or encerM on th~ books of B~nk subs~quN+t thKeto. U~lest th~ Collatenl n p~rishable w threacens to dscli~e tpeedity in vslw or is of a type customsrily sold on a ncopnizld muktt, 8ank will giw Maker reasonabl! notic~ of Me time and place of ~ny pubtic sale thereof or of the tirt~ after which any private sala w ~nY oth~r ini~rKl~d diiposition thenof is to bt msd~. The requirement ot reasonable notice shall be met if such ~otice es mailsd, postsqs prp~id, to ~ny M~k~r ~t tM sddnss 9iwn belpw w at my oth~? sddrasf shown o~ the racords of the 8snk, at Iqst five dsys bsfors ihs tirt» oi the ssl~ or dis- ~ position. llpp~ d"eappition of sny Cdlat~rsl sher the occurrence of ~ny defsult hereunder, Msker shall be and remain liable for any dtfici~ncy; a~d Bank sAall ~ccount to MakK for ~ny wrplus, but B~+k sha11 have tM ri9ht to spply a11 or sny put of such surplus (or to hold the ssrt» as s raKVe spsinst) ~ sny ind tll ot11K liability oi qch pt eny Msker to bank. TM Obliport, jointly and saverslly, promise and aQne to psy all eosts snd axperues of opl{~ttion ' snd rNao~abl~ mom~ys' fNS, intludinp Cotu, expetues and reuo~+sble actor~eys• faes pn appeal, ;f cdtetted by legal prots~diry~ w throuph an sttornry ~ •t IaNr. ~ Bank sh~ll txereise reasonablt c~n in tht custody snd presenrstion of the Catlateral to the eztent rrquired by appliuble statute, snd shsll be ~ s d~amed to haw ~xtrcifed ressonabl~ can it it takes suth sction tor that purpose as M~Icer shall reasonably request in writiny, but no om~uion to do any act not nquast~d by Msk~r shall be dsemed s f~iiun to ezercise roasonabls ure, snd no omissfon to comply with sny request of Maker shall of itseli j bt dMnwd ~ i~ifurs to exercise reqonabh ure. B~Mc sh~ll not b~ bound to take any steps necrs~ary to presenr any rghts in the Collatersl painst prio~ s pattil~ and MakN ~hall tsk~ sll necessary steE» for such purpotts. Bsnk or its ~ominee need not cdloct interest o~ or principsl Of any Collatersl ot 9iv~ ; sny notite with rqp~ti to it (f tM Cdl~terN ~hatl at ~ny tim~ become ur~sscisfactory co Bs~k, Maker shall wlthin one day sfter demsnd pledye and deposit with Bank ss ~ psrt ot she Collnenl additio~ai prop~rty which is satafactory to Bank. Bank shall hsw the rght, which ~ msy b~ ~xercis~d ~t any cime whether or ~ot 2Ais ~ots is due, to notity ihe Obliyon on any collsierol to mske psymee+t to 8ank on a~y amountf due w to breant due thtreon. Irt the even[ of any deisult hereunder, bank shsll therqfter hsve, but sAsll not be IimiUd to, tM followi~p rghri; (i) to pladp~ or tra~tfer this note and the Collstersl ~nd Bsnk shall thereupon be relievsd of all duties and responsibilities henu~d~r ~nd r~liev~d from sny snd sll tiability with re~pect to any Cdlstersl so pledged or transferred, and any pled~se or tr~rnferee ahalt for atl pur- pose~ stand in tM plaq of 8onk h~nundtr and haw ~!1 the ripAq ot Bsnk hereunder; (iil to 2nnsfer the whole or any part of the Collat~ril into th~ rwne of iW1f w its norninN, (;ii1 to vot~ iM CollatEnl; (ivl to d~m~d, w~ for, collact, or make any comprom~se or settlament it deems desirable with refer- ence co th~ Co1l~terat: ~nd (v) to t~k~ controt o( a~y procesd~ oi Coltat~rsl. No dslay o~ omission on tM pMt of B~nk in exertisi~g ~ny right hereunder shsll operote as s waiver of wch ripht or of any other rigi?t urder this noU. Prp~ntrn~nt. d~msnd, prot~st, notice of dishonor, snd exqnsion of time without notice are hereby warved by each and every Obligor. Any ~otice to Mak~r shsil b~ fuffieiently ferved for dl purpc~~ if ptsc~d in the mail, pOStBg~e preps~d, addressed to o~ lefi upon t!?e premists at, tAe address shown bNow or iny oU?*r addrsss shwm on tM Bank's ncords. GUARANTY ~1 In ~Odition to the lisb~lity ss ec+dorsers, which the undersigned hereby aswme, for vslue recerved and intend~ng to be legally bound, the under- spned (~nd it ma~e thsn one, each of them jointly a~d tevarally) la) hereby become wrety to the payee of the w~thin note, its wccessors, endorsees and aagrn, for the payment of the withi~ note, snd hereby uncor?ditionally guarsntse thQ payment ot tha with~n note and a11 extensions or renewals thsrsof ~nd ~II surm pyable under or by virtue thereof includir~g, without lim~ut~on, all amounts of principal and interest and all expe~ses (~~ctuding attorney~' fses) ineun~d in the collaction thereof, the enforcemrnt of rphtt thercunder or with respect to any security theretor snd the enforcement herwf, snd vwive pre~entment, demsnd, notice of dishonor, prota~t and a1! othr? notices whstsoever; and Ib) consent and agree (~y that all or any of the Collaanl may be ~xrh~ng~d, released, wrrondered or sold from time to time, (ii) that the payme~t of the note, or ~ny of the liabilities of the Maker ~ thereOi, may b~ extencled or said note renewed ~ny ~umber ot times and fpr any panod (whe[her or not longer thsn the oriyirtsl period of ssid ~ote1, ~ (iii) that the hokfer of ssid note msy grsnt ~ny relesses, compromises or indulQences w~th retpect to ssid note or a~y extentiorts or renewals thereof or any security therefor or to any psrty liable thereunder or hercunder (inciuding but not I~m~ted to failure or refusal to ezercise one or more of the rights o? rernedies provi~d by pid nots), snd (iv1 that sny of the prwuions of said ~ote may be modif~ed; sll without notice to or consent of and without affxtinp the liabiiity of Uu und~rspnsd ~s endorsers ~nd fureties, and ~urther consent snd apree tAst sny of the unders~gned may be wed by the holder her~of with or wiMout jo+nir?9 sny of the other indorsers or mdcers of said nate and w~thout fint or co~temporaneously winp any wch other persons, or oth~rwise sselc;~g w proce~dir?y to coll~ct from them pr ~ny of them, and without first or conterteporaneously undertakinp to enforce sny ri~ts with resplCt to arty teCUrity, - ~ ~~so~z ; i ~ ~g ~ P12 :56 . , ,,C`~ ISEAII FIL~J l+N~ , ~ : - i ST lUC1EiC~ti!:~~~Y.F~K (SEAL) ~ ISEAU ~ FLORIDA DOCUMENTARY STAMP RECUtHE~ BY LAyy ~N THE AMOUNT OF S HAS BEEfV PAfO QR WILt ~ BE PAtD DiRECTLY TO THE DEPARTMENT OF REVENUE. CERT(fICATE OF FiEGISTRATION a O RENEWAL NOTE STAMPS ON pFifGtNAL. t,~~ - 80~ 4~ Qas~ ~ - - - M:~.~ _ ~ ~.rt,. ~ _ _ . _ _ ~ . . ~w_ - .,t _