HomeMy WebLinkAbout0314 . , ~
N O T E~ j'~' SBA LOAti N0.
(Fe~ Dir~ct Loon Not Ov~~ SZ5,000)
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~ 6.~~ (Date) . . 19
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Foc value raceived,L ~~i~ ~ (hereinafter called ~
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"Undersigned"). promises w pay to the orda of Small Business Administration (haeinafee~ called "Payee"). at {
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Payee's Office in the city of , State of ~'a ~
or at Payee's option, at such other place as may be designated from time to time by the Payee. the anm of
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aa ~ • • • • • • • • dollars. with interest oa the uapaid principal computed !
(~tt• aat ~ount) i
fc~om the.date of each advance m the Undersigned at the rate of ~ percent Qer annum, payment to
be made in installments as follows:
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L~stallment~~ inoL~ding pr3aoipal aad iaterest, eaoh in the ~
aaoun~ ot f 9T.~00 , p~ablre ~ont,h~j?, beBiaoi~ ~ ~
~ontbs ~ro~ date, eaah said inst~allmsnt to bs iirat ~plied to ~
3nterest aoorned to the date ot reoei~t ot said installmeat, aad ~
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t,~e balanoe, it a~t~ to parir~oipal~ aod the balanae ot pr3ao3pal ~
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a~ iuterest pq~rable on aac beto~re ~ ) Yeara troo x
data. ;
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Payment of any installment of principal or inurest o~ving on this Note may be made prior to the maturity date thereof ~
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witbout penalty. ~
A/~inaatioe CoveRaata. - The Undersigned eovenants and agrees that, until the payment in full of the moneys ~
owing on t6is Note, the_Undersigned will: +
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1~ Deliver tv Payee within 45 days after the end of each fiscal annual period, a balaace sheet of the Un-
dersigned as of such dau and a pcofit and loss statement of the Undersigned for such fiscal period, in form satisfac-
tory to the Payee; '
2. Deliver to Payee with reasonable prompmeas suc6 other financial data at such times and ia such form as
Payee may request;
3. Pay all tazes, assessments and ot6er govecnmental charges co which the Undersigned~ or the property of the
Undersiganed, ia or shall be subject before such charges become delinquent, ezcept that no such charge need be
paid so long as its validity a amount ahall be oontested in ~ood faith by appcopriate proceedinga and the Under-
signed shall 6ave set up on the books of the Undersigned such resecve with reapect therew as shall be required by :
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sound aoco~nting practices; . ~
4. Reep all of the real and tangible personal prapecty of the Undaraigned insured in such amonnta and againat '
such risks as may be satisfactory to the Payee or as are oommonly inaured against in the same areaa by owners of
similu property?, and maintain in face policies of insurance, satisfactory to PAyee, against liability for damage to ;
persona or property and under all applicaWe workmen's oompensation lawa. ~
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SBA Form 3268 (11•61) ~
800K ~.43 313 ~
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