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U ~ i 1.V
~ N O T E ss~ ~o~?n No.
o~~ H~ a« ~~s,ooo~
c~~? a s~c~
~ ~~_www_w~ Date ~ 19
Far value received~ (hereinaher called
"Undersigned").•promises to pap to the adec of Small Busineas Administration (hereinaher called "Payee"). at
Payee's OfEice in the city of ~1••~~ . State of ~
er at Payee's optiQn~ at suc6 ot6er place as may be desigaated from time to time by the Payee~ the sum of (write
out amount) dollu8~ aith interest on the un id priacipa?1
computed Erom t e ate o eac a vance to t e n ersigned at the rate of ~N M+ ~
percent per annum. payment to be made in installments as follows:
f~sM13~R~~ ~wi~~q ~aris~a3~l s~ int~tras~ Nal~ !o tir ~t o!
~i.~0~ p~M~l~ ~ ~~w ~ ix~a~ Mob
~ Srt~ll~t ia M i~srt ~llM ~o SM~eM~ ~o~awi M f~ rrN
of sro~~t ~t ~L/ la~+tlLMat~ ~u! 1M Ml~~ i! ts pit~n~i•
aui 11N Ml~rw o~ p~spsi Mra ldaswt p~l~ an ee~ ~lb~t s!x (6~
~r t~M .
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Lc~ibili~y bi writins, t~pia6
or printin6 unsstisiacf.o:9 in
, tbi~ docuoent ior aicroiilung,
Undersigned further agreea that if at any time SBA elects to sell or transfer its interest in the Loan to a aoa-
governmental transferee and SBA determines in ita sole discretion at that titae that a reasonable rate of interest,
~ talcwg into coasideration all pertinent factors~ on commercial obligations. with approximately the remainiag term
of this Note and similu repayment esperience. ia the section of t6e country in wbich the Undcrsigned or its prin-
cipal place ot business is located, ia greater than K~ w~~ percent ( S} y)
per annum. then SBA is hereby authorized to specify that such higher rate of interest sbail be t6e rate on t6e un-
~ paid principsl computed from the date of such traasEer. but suc6 rate shsll not e:ceed seven and one-6alf percent
' (7~'~.) per aanum. 'ILe Undersigned ahall be notiCed in writing not tess thaa thirty (30) days before the e[fective
date of thc increase in tbe rate of interest resulting from the afaesaid uaasfer fi~ SBA. This obligation to pay
such inereased rate of interest shall be binding upan the Undersigned, its successors or assigas.
Payment of any installment of principal or inteteat o~ring on this Aiote may be made prior tn the mawrity date thereof
witbut penalty. ~
Ajfirwative Coveam~ts. - The Undersigned covenanta and agrees that, until the piyment in [ull of the moneys
o~?ing on this Note, the iJndusigaed will:
1. Deliver to Payee within 4S days after the end of each fiscal annual period, a balance sheet of the Un-
dusigned sa of such date and a profit and loss statemeat of the Undersigned Eor such fiscal period, in form satisfac-
tury to the Payee:
2. Deliver to Payee ~ritlr reasoaable prompmess snch other ~inancial dats at such timea and in suc6 form as
Payee msy requeat;
~
3. Pay all ta~es, assesaments aad other governmental chargea to which the Undersigned, or the property of the
Underaigpe:d, is ar shall be subject before such c6uges became delinquaat~ e:cept that no s~ch charge need be
paid ao long as its validity or amount ehall be contested in gpod faith by appropriate proceedings and the Under-
sigped ahall hsve aet up on t6e booka of tLe Undersigaed such reserve ~?ith respect t6erew as ahall be required by
ewnd aooounting practicea;
4. Reep aU of the real aad tangible peraonal property of the Undersigaed insured in auch amounts and against
suc6 risks as may be sadsfactory t~ the Payee or as ue oommonly insured against in the same areas by ownus of
similu pe~operty, and maintain in face policiea of iasurance, aatisfactory to Psyee, againat liability foi damage to
persons or proQerty aad ~nder all applicable ~ralcmen's oompensation laws.
SBA Fwm 326D (7•65)
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