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D
N O T E sa~
(!~e Diwet L~ NN Ow~ i~2S.000)
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City R Sate
~.~.QO Date , 19
For value received~,,,~ t2~'i !Y/~II ~'~.a„~~, (heninafter called
"Underaigaed")~ promiaea to psr to tha ader oE Small Buainess Adminiatration (hereinafter calkd "Payee")~ at
Payee'a OfEice in the city of iLl~sta . State of .
or at Psyee's option. st auch aher place as may be designated hom time to time by the P1?~ree. the sum of (write
out amount) dollus~ wi,t~~
ercs ~~•~~id pcincipal
computed from the ate o esc a vaace to e ndersigned at the rate bf
percent per aenum, payment to be made in installments as follows: ~
Insi~llr~It~~ : lasl~ ~e!!N~1 ~ni inl~sNt~ Mti~ iu tlM i¦oun! .
~51.00~ ~ +~ra~hiYi ~ l~~ ilnw ~!M lrw~ Nt~~ ~
~ in~t~i1~R t+~ 1~ lis~t i/~liw ii i~t1~w! Neswi 1~ ~ it~
sw~l~t rl Mi~ i~ll~l~ . aur tIM wlana~ i! aery, ~e ~inalp~a~•
~ aM ~ Mla~ ~ ~~lMl ~M i~t~s! ~i~ en ~ar b~l~ ~c ~6~
~ata ira~
Undersigaed fnrther agreea that iE at any time SBA elects to sell ar vansfer its interest in the Loan to a non-
governmental transferee and SBA determines in ita sole discretion at that time tbat a resaa~able rate of interest,
, uting into consideration all pertinent factors; on commercial obliguions. aith apExo:imately the remaining term
~ of thia Note and aimilu repayment e:perience, in the section of the country in ~r6ic6 the Undersigned or its prin-
cipal place of busineas ia located, is greater thaa Hw ~~rcent ( 7~)
per annum, t6en SBA is herebp authaized to specify that suc6 6ig6et rate oE intercat shall be the rate on tbe un-
paid principal computed [rom the date of such transfer, but such rate s6a11 aot e:ceed seven and oae-half percent
(7~'~G) per annum. 'lUe Underaigned shall be notified ia writing aot less than thirty (30) dsys before the eifective
date of the iacrease in the rate_of interest resulting &om the afaesaid transfer by SBA. This obligation to pay
aucb increased rate of interest shall be biading upon the Underaigned, its successars or assigna.
Paymeat of aar installment of principal or int,erest awing on this Note may be msde prior to the mat~uity date theceof
witL~ut penalty.
d f
jtnsatim ConasaRq. - The Undersigned oovenauts snd agrees t6ay undl the payment in fnl l of the moneys
o+ring on this Note. tLe Undecsig~ned will:
l. Deiiva to Payee within 45 dsya ahu t~?e end of each fiscal aanuat period, a baiaace sheet of tbe Un-
dusigned as of ancL date and a profit and loss stateme~ of the Undersigned bc snc6 6aca1 period, in form satisfic-
tory m tbe Payee:
2. DeGver w Payee with reasonsble promptaess snch other financial data at sach times and in such fam as
Psyee msr reqnea~
3. Pay sll tuea, assesaments and other governmental charges w w6ich ti~e U~dersigned. or the property of the
Undersi~ed, is a shall be subject before such c6uges became delinqnent, ezcept that ao aucL chuge need be
paid so long as its validity a~omt shatl be o~~ested in gpod faitb hy appropriate proceedings and tbe Uadu-
aigned ahall have set np on tbe books of the Undusigned such reserve with respect thereto as ahall be required by
souod acaouating-p~actices;
4. Reep all of the reat aad tangible peraonal property of tLe Uadasigned insurod in auch amounts and against
suc6 riaka aa mar be satiafic~ory to the Psy?ee a aa ue oommonly inanred against ia the same areaa by ownas of
aimilar propertj?, and maintain in farce policies of inswsace, satiafact~y W Payee, against liability foc damage w
persoas or property aad uader atl applicable walcmen's oompensation laMS.
SBA Form 3260 (7-65)
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