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For valae received. / 1¦diW~ ~~f~,~ (hereinafter callcd
"Uadersigned"). promisea to psy to~~li~wof Smal) Busiaess Administiition (hereinafter called "Payee")~ at
Payee's Office in the city af , State of 'r¦¦~ ~
ar at Payee's option. at such other place as may be designated from time to time by the Payee, the sum of (write
out amount dollua, wit6 interest on the unpaid principai
canputed from the date o[ each advance to t6e nders ~gae at e rate of ~ ~
perceat per annum, paymeat to be made ia installments as follows:
~~lZ~MIRs~ ~M /~~~1 M/ ~MMMi~ !11 1M 4Z u~00~
~M~1+ ,~Mly~ M~i~M 11isM1 ~i~ ~IIN ~ ~ M~i L~f~l~r~t
b~ l~~st ~tiN M lM~t Ms~wr ~ IIM MM ~t srNi~rt l~M~3sMl~
~M ~M it M? ~lMi, w iM M~l~ ~t ~ejMl~t Mi !~w!
~i~ aw ~e Mi'~a+~ ~s ~es ~w ia.
Undersigned further agrees that if at any time SBA elects to seil a traasfer its intertst in the Loan to a non-
governmental uansferee and SBA determines ia its sole discretion at that time t6at a reasoaabie rate of interest,
ta~ing into consideration all pertinent factors, on commercial obligationa~ with approzimately the remaiaing term
of this Note and similar repayment experience, in t6e section oi t6e country in w6ich the Undersi ee~ or its prin-
cipal place of business is located, is greater t6an ~~~1~ percent ( iK)
per annum~ then SBA is 6ereby authorized to specify that sucb higher rate of iaterest shall be the rate on the un-
paid principal computed from the date of such vaasfer, but such rate shall not e:ceed sevea and oae-half percent
(~j~~) per annum. The Undersigaed shaU be noti[ied in writing not less than thirty (30) days bcfore the effective
date af the increase in the rate of interest resulting from thc afaesaid transfer by SBA. This obiigation to pay
such increased rate o[ interest shall be binding upon t6e Undersigaed, its successors or assigns. !
Payment of any iastallment of principal a interest o~ving on t6is Note may be mad~ pcior to the maduity date thereof
witbout penalty.
Ajf~r~otive Covenaats. - The Undasigaed oovenants and agtoea that, uatil the payment ia fnl! of the moneys ~
owing on this Nate. the Undersi~ ~vill: ~
~ 1. Deliva to Payee within 45 daya after the end of each fiscal annual period~ a balance aheet of the Un- ~
dasign~d as of such date and a profit aad loss stateme~ of the Undersigned for such 6sca1 period, in focro satisfac-
tory to the Psyee;
2. Doliver tfl Payee weth ce:soaable promptness such otha ~inaacial dsti at such timea aad in such form as
Payee may reqnest;
1
3. Pay all taxes. aesesaments aad ot6er governmentai charges w which the Undersignod, a the property of the ~
Undersigaed, is or ahall be subject befae such chuges become delinqnent, euept that no such chuge need be
psid so long as ita validity a amount shall be oontested in ~ood faith by appropriate proceedings and the Uader-
sigaed shall have set np oa the books of the Underaigned such resecve with respect t6ereto as shail 6e required by
sound accounting practicea;
4. Reep all of the reat and tangible personal property of the Undersigned ins~od in such amounts and against `
such riske as may be satisfactory tfl the Payee or as ue commonly insured against in the same areas by owners of
aimilu property, and maintaia in force policies of insursnce, astisfsctory to Payee~ against liability for damage to
' persoas or property aad under all applicable xrorkmen's oompensation laws.
' SBA Form 326D (7-65)
sooK155 z75
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