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S. Use the pmceeds of thc Iw?n solety fa the pnrposes aet torth in tbe Andw~iudoa Eor the I,oan iaaued by
Payee. , I
6. On demaad, nimburse Payee for any and stl e~enses iaciured, or ~vbich may be hereafte~ iacurred b~r Pay- ~
oe trom time w time in connection ~vits a by ceason oE borrowec's spplicadoa for, and the making and adminiatradon ~
ot, the loaa -
Msaotiw Cow+w~ts. - The Undaaigired ooveaaats snd ~grees t6at, witbont the pria written ooaseat of the Pag- `
ee, Undersigned will not: ;
t. Cteate. assame or otLerwise auffer t~ e:iat aay mertgage. pledge or other incmnbrance upoa aay of t6e real
a taagiWe persooal property of the Underaignad, whethcr now owaed or heresftet acquired, e~cept (a) liens fa t~ces
a other gc~v~rnmental chuges r.ot delinqueat or being oontested in good •fait6, o~ (b) p~uchase money liens upo~ pm~
erty aoqniral aE~er the dat,e of the NoLe. and other lieaa npon such property at th~ time oE t6e uquiaidon thereof.
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2. (a) IE Unda~sigaed is a corporation. declue a pay any dividend a~ make a~r distribntioa npon its capiul ~
stock, a purchase a retire any of ets capital scock. a consolidate er merge with aay otLer company, a mafce any ~
advauee, di~ecdy oc iadirecdr. b~r way oE loaa. gih, b~o~nus. oommiasioq a~ otLenviae, m a~r oompany direcdy a in- ~
dicecdy o~ntrolliag a af6liaLed witb or o~ntrolkd by Undersigned, a to any office~~ directa~~ or emplvyee of Uada-
sigoed. w of any such oompany, {b) if Undersigped is a partneraLip a individwl~ make any distribution of asseta of
the bnsiness of Undasigned~ ot6er than reaaonable compenaation br semces~ or make my advance~ direcdy o~ in-
dirccdr. bjr war of loa~y gjift, bonua. oommission, a othecwise~ m anr putncr a any of its cmployees~ a to any
aompany direcdy o~ indirecdy ooatrolliflg o~ affiliated with or controlled by U~ersigned.
Bvests o j Ds~a~l~. ~ T6e iadeboEdness (inciuding principsl. interest and e~enacs) sha11 immediately become ~
due and parable. without aotice a dem~wd. up~n tha appoiabaeat of s receiver or liquidator, whether volunury a in- ~
velimtary, ior the Undersigned or for anr of its p~operty, a upon the filing of a pedtioa by a against the Unduaign-
ed under the provisions of aay Stat~c insolvency law a unda the pcovisiona of the Bankcnptcy Act of 1898. ss amend-
ed, a npon the makiag by the Undersigned of an assig~nmeat fa the benefit oE its creditors. Payee is autLorized to
declue all a aay part of the indebtednesa immediatelq due aod payabl~ upon the 6appening of any of the foilowing
evcnta: Failnre b paY +~ny part of the indebtedneas ~hcn due; (2) nonperformance by tLe Undersigned of any
agceeadeat wit6, a any conditien im~posed by, Payee with c~eapect to the iadebtednesa; Payee'e diso~vuy of the
Underaigned's fiilure iu an~r application of the Undasigued to Payee to diaclose aay fact deemed by p:yee w be
materisi or of tbe inaking tbereia or in any of the said agreements~ or in any afGdavit or othu d~ocnmeats subanitt~d
ia c.onaection with said application or the indebtedneas. or of any misreprtsentation by. on behalf of~ a fa the bene-
St of the Undersigned; (4) the reaguaization (other thin a reorganization purauant to any of the provisions of the
Banl~uptcy Act of 1898. as ameaded) or merger or consolidttion di the Undersi~ned (a the making of any ag~reement y
therefor) rvithout t6o prior writtea oonsent of Payee; (S) the Undveigned's failure duiy to acconnt, to Payee's satis-
faction, u snc6 time or times as Payee may require~ fa any of tbe cotiateral, a proceeds thueof~ ooming into the
control of th~ Undersigned; a(6) th~ institution of a~r suit affecting the Uadersigoed deemed by Payee to affect
adversely ita inLerest hueuader ia the collaLeral a otherwise. Payee'a faul~e to eacercise any of its rights unda
this puag~aph shal) n~t oonstitntc a waiver thercof.
Upom m~paymeat of intaest or any inataliment of principal when due. the Undersign~d and suretiea authorize }
the Payee t~ aeU. at pnblic a private sale. any or all aollataal deposited s~ p~opetty Pledgod w secure tiie pay- ?
meat of this Note. and apply the proceeds of sale~ leas ezpense. to the paymeat of this Note. ;
1Le security rigfits of Payee and its aasigns hereundcr s6a11 aot be impaired by? aay indulgence. release, ro- t
ne~val. estenaion, ot modi6cation which Pa~nx may g~aat with reapect t~ tLe indebtedneas or any put thereof~ a in
respeet to the coNateral or in reapect to any endorser, guuantor. or sncety witbout notice a ooasent of the Unda-
aigaed or any endorser, gnuanror or s~ety.
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I/We hereby guuantee payment of this Nou:
Ps~id~at (Co:pos~t~ ~sl) ;
A~?88?~
8~Cr~tasy
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Nota. - Carpas~ad~ a~pllomt~ ar Q~a~mtees isut ~cat~ Nob. !a oarpowt~ naN. b7 8a11 mthoci~d ot8o~r, aid Md Aut b~ atils~d aod
a?ty aee.sba: v~Uw*.hlv ~yllomts er ~aneae..wt .z.cat• xoa m tln. n~.. tov.t6s ~l~h sl~qRmr ot a a•o•~'ot vQfws•
. _ SBA Fam 326D (7-65)
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