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~ S. ~ Use the proceed~ ot the loae solcly ior the pn~pc?Ees .set .k~i.~ ia the Authoris+?tion to~ the Lo~n I~~ued br ; '
Paree. . - , • ~ ~ . • . , . . I • :
6. ()n dasand~ teiabune P~pee for anp and ~II expenses incuRed. or which may be •tce~ i~cu~d b~r ~.r-
. e~ [ron~ tiine ~o time,in.connecdoe with or bp reaaon Qt bqtto~l?er'~.~pRlic~tion ~or. ~nd th ~sakin~ an~ ~diaiaisttstioa ,
• o.[. the lo~a. . . ; • . ~ ~ 3•~:, • .
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~ N~so~ive Cowsp~~s. R Tha.Uod~*signed covenaet~ ~?nd i~g~eeq ~t. .wiRLout the prior writtea opn~ent oE the Pap- , ~
ee. Undersigned will not; ~ ~ ~ ~ ~ • ~
, _ l. Crcate~ anaume or othc~~risc ~uJ~cY tn exi~t a.a~r n~,~+~q~_.plo,dgc or othar iacwabrancc.upoA anX.ot tAe~ceal ~
a tsngible pe~sonal propc~ty o( thc Underaigned. whethcsr nc?M ownc~l c+r~herca[te~ acquired. e:cept (~)liens fat tuea
' or ather ~vernment~l chugex qot delinquent or being cantca~cd in good taith. ar{b) pnrchaae aioeey liees upoe prop-
c~ty aCquircd aI~4~.~he datc af•th4.~VQtc! and other lie~~,!~!. ~v~b. P~~P!~<<y a~t1~e dm~ ot che acquiaida~ d~eceof.
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~ 2. (a) !f Unde~sigaed is i corporatiQn. decl~re or pay •ny aividend'or make aep disuibutian upi~s its capital
, , stock, ~ pwch~se o~ retiro aay o[ its capital stock. or consolidate or me~ge with any other cospaap. «~ke a~r
advance~ dircctlr or indire~tly. b~?~w~y ot loao. Ki(t.,bonus.,c~e!Isis~i~on. or.atl~crvriac~ to ~~r ~a.p.~r a~~ar a~a ,
~ . dircctly convolling or al6liaud with or rnntrc~kd by Underaigned. or to anr otGce~. director. o~ emplo~ree oE Uader• :
' : ai~d..a ot ~ny .uch caoPanr. (b) if Undasigeed is a penne~sbip or individ.ual. wake aay diatribution oi assets ot #
the busiacss a~ Undc~sigoed. oth~r tbun reaw~aWa C~u~!~R,~.~rvicea. or makt a y advaace. direcdy or in-
directlr. by war oi loan~ gil~ bonus, commiasio~. or otherv.ise, to any partner or any ot i~+ employees. o~ to anr
, company directly or indirccdr eontrolliag or aE[iliated with or controlled by Umieruigned. '
Bvewts ojDe(a+~l~ - The indebtcdaess (iwdudiog ptiecipal. interest aad eapeasea) x6a11 inwaediatelr become .
~ due and parable. without notice ~x dcmand. apon thc appointment o[ a reccive~ ot liquidabr. ~hether volnatary at ~a-
v~ol~t:s:. Eor the Undersigncd or for any of its prope~ty, ur upon the ~liag ot a petition b~ or against che Uadaaigu- :
~ ed unde~ the provisions of any State insolvencr la~r or under the provisions o[ the B~nkruptcy Act o! 1898, as amend• , ;
cd~ or upon the iaaking by the Underaigr.ed ot ap assipment for the bene6t ot its treditota. Payee is autlwrized W 1
Jeclare ai: or aay put ot the indebtedness i~nmediacely due aal payable upon tl~e happcaing ot any ot d~e [oltorring ~ ~
~ cvents: (1) ~ailure to pap. aay put ot the iedebtedness when due; _(2) nonpertcxmance by the Undecsiqned of aay
' , agreaorn[ with. or any coadition impoeed b~?. Payee with respect to the indebtedneas; (3) Pay~ee'~ d~scoverr of tbe -
llndecsigned's,[ailure ia anr application o~ t~+e Undersigned to Payea tn discloso any fact deemed b~r PaYee w bc
~ ~ material or o[ the makiag thereia or in aay o~ the ~aid agreemeots. or in any aitidavit cx othec docw~ents subuittcd
in connection with said application or the.indebtedness~ or of ~ny miareprescatwtion by. on behalf o[~ or (or the be*er ~
fit of the Underaigned; (4) the rearganization (other than a~eorgaaization pureuant to sny ot ~he prorisioas oI tbe
. fiank~uptry A5t of 1898. as amendcd) q~erger or conaolidation of thc Underaigned (or the piaking oE any ag~rrea~eM }
thecc(or) without t6a priot written conRent of Payee; (S) the UndusiRnecl':: failu~e duly~to accouat, to Payee's sati~- :
~ factioa. ac such time ar times as Papee may requir~~ tor any of tlic callateral, a proc~ecda thereof~ comiag in~o t~e ?
control of the Underaigned; ar (6) the iestitution of any auit attecting the Umle~~signeJ dee~oed by Payee W at[ect : :
adveraely its intcrtst hereunder in the cdlatcral at othcrwi~e. Payec'a failurc to c:e~cisc any of its righta unda `
this paraqraph shall not'conxtitute a waiver theceo(. ~ . .
URoa nonpi?Ya~eAt:o~ intetest or any insLfh~?cet of principal whcn due, the U~etsiRned sad sureties aytborize
~ the Paree to sell. at public or prirate sal~. sr~ or atl oo~lateral de(wsited and ptoperty PledgeJ ~o secure tbe pay . ~
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; mcnt.of this Note~ and apply the proCC~ds d a~, less e~c~se~'to tIM, paym~mt pf this. Note.
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. Thc securit~r cighta~o~~Psycc aad ita sssignshereaider,sbs~l,go~b~.tmpaired ~r any indul~nce, rclease. re-
. newat~ cxtca~ion, or malification ~(rhich Payec may~g~ant with cespect to thc inilcbtcdnc'as or any patt thereot, et is ~
' respcct to the uolla4era) or.i.~ tespect tq anr eedorser..guar~r?t{M~ qt,4uretX,witMwt_natic~ qr cpns~nt o[ t6e Unda- .
ssiqned or any endoraer~ guuantor or surcty. - . ~
~ ~ = 1iI'1'AES~ ~ 8~1' O! ~ ~t.~+0~1 ~ ~ dQi~~O~ O= ~ M~~Md 0~'~Q~'~
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i ~ 1/We hetebp guuantce p~rment ot this Notc: ~ , ` . r. .
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