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N O T E se~ ~o~ No.
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c;~y t~ sc t~~ d`C~
a 90.00 t , ~9~
. CNAII~R i 1XVL~ .
For value received, ~ ~L ~ (hereina[ter called
"Uadersigned")~ promises to pay to the ocder of Small Business Adminisuation (bere aker cailed "Payee"), at
Payee's Of(ice in the city of _~~Z~t ' ~ State of ~ ~
ar at Payee's t~on, at such other place ua_s ~a be designated Erom time to time by tlee Payee~ the sum of (write
out amount) ~'r~ ~~1 ~ dolius, with in st on the unpaid p~incipal
compnted from the date of each advance to the Undersigned at t6e rate of
percent per an~um, paymeat to be madt in installments as follows:
!r lMl~L~ r!~l~eL~1 a~A laM:+~l~ ~iMe W~IMR ~t
!l~1.OOy O~p~M1~ ~Ni~i ~art~ tr~AM !!hr ~A
~ iar~atL~t M M!ls~t a?pptlN a i~IrsrM ~~r/ a 11~ esw
at ~p~ o! ~d+~ l~dLrei~ aoi i!y lwl~a it ~i a~~
aM ~lr e~l~ at prie~~ai a~se ~rMt pp~ML ~~r ~ rIs (6)
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Undersigned further agrtes that if at any time SBA elects to sel) or uansfer its interest in the Loan to a aon-
governmeatal vansferee and SBA determiaes in its sole discretion at t6at time that a reasonable rate of interest,
t,zlcing into consideration all pertinent factors, on commercial obligations. wit6 approzimately the remaining term ~
of this Note and similar repayment ezperience~ in ~n which tbe L3nde~ed ur its prin- ~
cipal place of business is located, is greater thaa~~t~~~y . percent ( x)
per annum, then SBA is 6ereby authorized to speciEy that suc6 6igher rate of interest s6a11 be the rate oo t6e un- ~
paid principal computed fr~ the date of such vansfer, but such rate shail not ezcecd seven and one-hatf percent
(7~~) per annum. T6e Undersigned s6ati be notitied in writing aot less than t6irty (30) days befae the effective ;
date of thP increase ia the rate oE interest resultiog from the aforesaid uansfer by SBA. This obligation to pay ~
such increased rate of inierest shall be binding upon the Undersigned, its successors or assigns. ;
Payment of any inatallment of principal a interest wving on tlus Note may be made prior to the mat~uity c4te thereof R
nvitbut penalty. ~
Aj~ruative Covenaats. - The Undersigned ooveaants and ag~rees thit, until the psymeat in Enlt of the mo~ys `
wving on this Noce~ the Undersigp~d will: ~
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1. Ddiva to Payce within 4S dsys after tbe ead of each fiscal annual period, a balance s6eet of the Un- i
dueigned as of auch dau and a profit aad loss stateme~ of the Undersigned for such fiscal period, in form satisfac- a
tory to tbe Payee;
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2. Deliver to Payee ~vith reasonable prompmess such other financial data at snch times and in such farm as ~
Payee may request;
3. Pay all tazea, assessments and othu governmeutal charges to ~vhich the Undersignod. or the property of the
Unduaig~?ed, is a ahall be subject befoce snch chugea become dcliaqnent, e:cept that no such charge need be
paic! so iong a8 ita validity? or amount shall be conuated in gpod faith by appropriate proceedings and the Under-
sigaed aLa11 have aet up on tbe books of tbe Undersigaed such reserve rvith respect thereto as sha11 be required by
sound aooouating pra~ctices;
4. R~ep all of the real and tangiWe persoaal praperty of tbe Undasigned insured in such amounts and against
auch riska as may be astisfactay to the payee or ss ue commonty insured agaiast in the same are~a by o~vners of
aimilar property~ and maintain in focce policiea oE inanrance~ satisfictory to Payee~ against liabilitjr for damage to
persons or property aad uader all applicable worlcmen's oompensation laws.
~[j~0~jj~ ~ SBA Form 326D (7-65j
~s~b~i~t~ ~x writina, ty~i~a ' o ~
ar printing unsatisfuctory fin g~~~
thiR dncwrQnt for r~icrofilsing ~
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