HomeMy WebLinkAbout1832 ~ i ,
N O T E SBA LOAI~ NO.
(Fvrr Oiwe~ L~ N~rt Ov+r 525,~00)
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(Ctty an~d Sast~)
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Far value recei~red~ JI~~.FiY~:i ~`I.~~:'R~_CJ'.L i~lit`xC~~ a.~~~;. (herciaafter cxlled
"U~deraigi?ed")~ promiaes W pay tn the oeder of Small Bu~inesa Administration (hereinafter called "P;yee"), at
Fayee's Of~ce ia the city of ~t~ ~ Scate of `~~~r'~~ ,
or at Payee'a c~ption~ st such ot~er ptace as may be designated from time to time by the Payce, thc sum oE
a.iC~}:'I' 'i::~.3U5 .:i7 =~0/l ~ _ ~ _ ~
dollars~ with iaurtst on the unpaid princip~?1 comguted
(wrst• oae ~ount)
flom tbe date of each advance Ln the Underaigned at the rate of _ ~4 perc~nt per aanum, payment to
be made in inatallmenta as follorvs:
7.astalL~aenta, ~.r~cltad~g princip~„1. and int.erest, ea~h in t,t~e ~ra~unt of
;~2q,c~0, ~al~l.e moat,h3y~ begi~niag ~khree (31 ~~s Yrom c~at~~ ~ach said :
install~ent to be tir~t spgli+~d to interest accrv?sd ~ the da~te cst' reaeip~
of said i.na~all~enty and the balance~ it' a~r~ 'G~ pz~2acip~,~ an~i e.he b~l.auice
of pr~incigal. ir.tere:7t ~~y~h2e on ar b~far~ ~3r ~ E~; y~Ar:~ d~±~.
Paytncnt of wy inetallment of principal a int~rest awing on thia Nou may be madc pricx to the maturity date thereof
witbout pe~taltp.
Aj~in~asive CoveRaatt. ~ The Undersigned covtnants and agrees th~t, uatil the paymcnt in full of the moaeys
owiag on this Note, the Undersigncd will:
1~ Deliver ~o Payee within 20 daye after tht e~f of each figcal aanual ptriod, s balance sheet of the Un-
daai~ed as of euch dite sad a pcofit and loss etatement of the Undersigned foc such ~scal period, in far~ satiefac-
tocy tn the Pay~e;
2. Deliver ta Payee ~vich ~es~sonsble pro~taess such othcr finsncisl d~t~ at sucb times and in auch Eor~ sta
PaYee may reqnest;
3. Pay all taaes~ aaseeameais ~nd other gvvernmeatal chargea W which ttee Underaigned, a the property of t~e
Un~dersiane~d„ is ar shall be subject bcf~re such chuges become delinqnent, ezcept that no such charge need ba
paid so long as its v~lidity or amaunt s~l) be co~ested it~ g~ood faith by appropriate proceedinga and the Under-
sigAed shall Iuve set up on ibe booka of the Undersigaed suc~ reaecve ~vith reaptct t.~erett~ as shall be required by
sou~d accauntiag practices; -
4. Reep all of t~e re~l ~nd taagible peraonal prapccty oF the U~dtraianea inaured ia such amounts s~n~ a~s;~st _
such risb as may bc ~stisfutay to the Pa~ree or ae ue oommonly insuued agaiast ~n the same su~eas by owners of
sirailat prr~p~erty, ~nd s~aintaie in fa[cs policies oE ia+aurance, satisfactory to :'ayee, agiinst liability f~ damage to i
persoaa ar properCy ,~d uodtr all applicaWe w~a~kmeu°s oampensation laws.
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~,~~~22~ SBA Form 326$ Ig-53) ~ . ~
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