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3. v.. ~e pcocoed• bt eis laa..olelr ior e!~ pee~o..• .~e fon~ i~ d• A,~e~o~?eia~ tor s~a to+. ~s•wd b~ ~
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Or dMaaad. ~brne Papee io~ ~ay a~d all espe~sea iacurred, ot w?icl.nr 6d Mr~erher i.ctined b~? Par ~
~s 6~0~ wwe m ti~a in cotu~tiaa wiel~ ar b~? nauos oi baco~?er'• ipplicatios ~a. ~ud d~e rakia~ aad ad~iaistratioa
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N~~~eiw Cow~wu. - T6e U~darsi~ad covcnants aad a~ree~ that, witiort dre pria writt+ea cor~e,~t o4' d~e PaY- F
ee. Uadenisaod wili oo~ •
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1. Cceate. u~nse a otLerwi~ svit'er ~u eust aap ~ort~a~e, pledre a otbet i,~c~brasae ~wr arr o!' dre real~~'
a ts~~ible penooa?1 p~oparty of thv Usdasitaed. w5etber a~ owaed or 6~ere~her acqdred. ~cept (s) liaaa ta t~e•
~ a odiar ~over~eatal char~es aot dali~qjaest a 6eing coateaoed i~ ~ood fa~tly or (b) P+urclu?~e ~wety liers rpoa Qro~.,
atr acquirod aEta tbe date of the Not~e. aad ntber liens uQoa such propertp ~t tbe ti~e oE t6e acqa~itias drereo~E. ,
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. 2. (a) IE U4denig~sed i• a carporaaao~ declaro nr pay any dividead or ralce aay disvibatieo npoa in capital ,
~ s~od~~ a purchase a cetire a~Y ot ia capital atoci~, or oowotida~e or ner~e witb any ot6~ac ca~pa~ry~ a saka aar
sdvance~ a;~dr «~~a;~~dr~ b~? way of toan, ~ilt. boaus~ aommi~sioo. a otLecwise. to ~ury t~o~spanr di~ed~ ar i~-
dirccdy oapa~ro~iling a affiliated with a oontr~nikd 6y Uadeni~ood. or t~ aay ot~icer~ di~recta~ or e¦piqee ot U~d~r- ,
airoed. a oE any such eompany~ (b) if Uadas~toed is a putaerabip a individnal, sata my distribatioa of as~ets ot
~ tl~e busines~ of Uodarsigne~d~ otba thaa ~aaonabde caopensation hx services. o~ isake aa~r dva~ce, dii+ecdy ar in-
_`r, direcdy. br way af lwn, gih. ba?nw. cas~nissian~ or otbeswir?e~ m~r parina a aar oE ia eapao~ae•~ a o~ aoy
oompaay d'uccdy o~ iodirecdy oontrdling or affiliated with or controlled by Uddersigoed.
~l Er~w o/"DeJo+~l~ ~ Tbe ind~eboedcieis (ineludiag priacipr?1~ inoerest and t~ensas) s6all ime~lintetr becaa~
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due and parable~ witbout notice a dcmand~ upou tha appoiatment oE s receiver a liqnidabr. wbetLer noluatxy ac ia-
, wlunury. br the Uodenegned or Eor any of ita property~ a upar tLc E'iliag oE a petitios b~? or a~ainat tbe Undasi~nn-
c.t? U, ed nadar the provision~ of +wy Sate iasoiveacy law a uader t6r pcovisions of t6e Baaicruptcr Act of 1898~ w as~ead-
`'t' ed. a upon the making by the Unde~sigoed ef aa assi~eat Ear the 6eaeGt of its credit+~s. Paree is autbo~izad w
ti~ declue all a anr part of the indebtedae's i~omediately ~ue aad p~rsble upon tLe bappeaing of a~? oE tht f~lo~ainr •
eveat~: (1) Faiture to pay any part of tbe i~tbtedness wben due; (2) nonpe~rtocmaace by tbe Uade~aigned of auy
agreeaent wi~, a any conditaon impc~ed by, Payee wid~ respecc ~ cl~e iddebceda+ess; (3) Payee s disoovay of tbe
, ~ ~ Under~igned's failuce ia aay application oE the Uuderaigaed ta Payee t~o diac]o~e any fact decmed by Pa~?ee to be ~
material or oE t6c making tberein ar iu any of the said agreea~enta~ a in aay affidavit or other doctt~eata subaitud
in oomection ait6 sud applicatioa a the indebtedaess~ er of any misrepreseatati~ bp. ou behalf of, or fa tbe besa ~
, fit of the Uadersigaea; (4) du rea~gaaizstion (other than a reorgaaization pursuant to a~? of the provi'seoas ot tbe
. Bankruptcp Act of 1898, u amended) or me~ger or consolidstiaa of tbe Undasig~ned (a the mal~ing of any agceemeM
t6ereta) wishout tLe prior writt~ea conseat of Payee; the Undersigoed's fiilure duty to accouny to Payee's satir
~ faction. at su+c6 time or tiao~es sa Payee may require. Ear any of the coll~teral. or proreeds tbaeoE~ oamiag iaoo the
oon~+ol oE tbt Undasigaed; ar (6) tbe iastiation of iny suit affecting the Uadenigraed deemed by Payee to~~ffect
adversely ita int~erest Lere~mder in tbe collateral a ot6erwise. Payee's failuce to e:ercise my of it~ rights m~dec
this puagraph shall not aanstitute a waiver th~ercof. '
Upoa roapaymeut of intaeat or aay instailment oE pciacipal wbea due~ tbe Uadersa~sd and suretie~ aut6oriz~
tbe Payee sa stl[~ at public aK private sate, any or ail ~llatesal deporited aad p~opaty Piedged tu secure t6e pay-
•zat of this Note~ aad apply tbe proce~s of aale~ less espease, to tbe payilent oE tWs Note.
Tbe security rights of Payce and its assigns ~ere~der ahsll aot 6e i~paired by aay indulgence, retaue, ro-
• sewal, e:~ension, ~or modification wLieh Psyee may gtaat witL respect to the indebtedness or a~? pact tbereoE, a w
te.pect to tbe collatet~l ar in reapert to aay eadarser~ guuaator~ or surety without aotice a oonseat ot t6e Uader-
aigned or scy endorser, guarantar o~ surcty.
~I 1dI'L~iSSS WiE~OF~ ~es luns h~e~tnint~o our bsndir ind ~als th~ day md tbs y~rar
tirst above ~wuitteea.
J1R'ktUR lC. HAKEIO aind HJ1?TIB K. HAlCKIO,
~ d/a/a ~A?~3 PAIN! ~ BIIPPLt
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~ d/~Ile h~reby rear~tea ~a~t of this Note:
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• a~~',~!l•~~ ~~`cr Y~t~ ~t~i ~L.S•)_
. 135~'6
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' FILCD AND R~COiiD~D
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~ 'cL ~ ,,f;{,. 1965 ~i~1Y ' _ - _
~ ae ~is+~oer F~+~so~t+ Nw~. 1~ amepoe~b ~w~ M~s wsMef ~ M d11si ~i _s
~ Not~.
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