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~ ~T E ~ za~ ~o~
(l~.r D1~.ct L..~ Na OvM i~S,000)
+ Cic~ ~ Suce Fort Pierce, Flori~a .
~ 1T~000~.00 ~ December 12 ~ 19 66
~1 A. i. lle~ir • '
For value received~ ~ ~ ~ ~ (hereinatter called
"~ladersigned"), promises to p~y to the order of Small Business Administratiau (I~ereiaatter called "Payee"). at
Payee's Office in tbe city of . State of ~i~ ,
a at Paye j s o ion at su~ch
ot. her~ace~as m_ay~be desigaated itom time to time by the Payee. the sum of (write
out amount =~~~s~ " dollus. M~jpterest an the unpaid principal
compu[ed from tbe date of each advance to tLe Undersigned at t6e rate of f~
~ percent pe~ annum~ payment to be made ia iQStallments as foliovrs:
~l1~aAa~, LriNl~ !rl~fp~1 a~t L~~~~ ~~M is ~ I~wrM ~ ~ .
1'i~.00~ lq~l~1~ MMO~ii1i ~s~~[ ti~N ~~3~ ~!lr~s i~ct~~ ~ a~t `
SrM~l3~t fr~ D~ t~~R M L~R~M ae~rrr~ 1~ ~ii et
~ S~ialLr~~ ii ti~ Dal~~ 1t ~i q~la~~1+ at t?~ 1ol~a~w
prL~l~1 ~rt i~Mt p~ab~ ea er ir~~s+~ wws -(1? iM.
Undersigned further agrees that if at any time SBA ekcts to sell or transfer its intercst in t6e Loan fo a non-
governmental transferee and SBA determines in its sole discretion at t6at time that a reasonable rate aE interest,
taking into consideration all pertinent factors, oa commercial obtigatioas. ~rith spprozimately t6e remaining term
of t6is Note and similar repayment ezperience, in the~ection q~ the c n in wlsich the Undersi~ or its prin-
cipal place of business is located. is greater than r~ ~ percent ( ~G)
per anaum, then SBA is hercby autbor;zed to specify that suc6 hig6er rate oE interest shall be the ~ate on the un-
paid principal computed from the date of such vansfer. but such rate s6at1 not e:ceed seven and one-6alf ptrcent
(7~/K) per annum. 'fhe Undersigned s6a11 be notified in writing nbt less than thirty (30) days befo(e the effective
date of the increase in the rate of ~interest resulting Erom the afaresaid transEer bp SBA. T6is obligatiae to pay
such increased rate of ivterest shall be binding upon th~ Uadersigned, its successors or assigns.
'Payment of any instaliment of principal or interest o~ving on this Note may be made pria to the maUuity date thereof
without penalty.
A/fin~ative Covesa~ta. - The Undasigned oovenants and agrEes tLat, until the payment in [nll of the mon~ys
ovring on tlus Note, the ilnderaigned Will:
1. D~liva w Payee r~ithia 4S days after du end of eac6 fiscal annual. period, a balance sheet of t6e Un-
dasigned as of such date and a profit and toss stateme~ of the Undersigned for such Gscal period, in form satisfac-
tory to the Payee; -
2. Delivar to Payee with teasonable pro~taess snch ot~x Gnancial data at such times and in such form as
Payee may reqnes~ _
3. Pay all tazes~ assessments and otha governmental charges to ~vhich the Undersigned, o~ the pr~operty of the
Undasig~ed, is ar shalt be subject befae such charges became delinqnent, e=cept that no snch charge need be ~
paid so long as its validitq or amo~mt shall be oonttsted in ~ood faith by appropriate proceedings aad the Under- ~
sigaod s6alt have set np on tbe books of tde Undersigued such reserve with respect thereto as shal) be requircd by
sodnd aooountiag practices;
4. Reep all of the real aad tangible personal piopat~r of the Undersigned insured in such amonnts and against
such risks ss msy be satisfactaq w the Psyee or aa ate commonlq iasured against in the same ueas by ownas of
sin?ilar property, a,nd maintain in Wrce policiea of ittaur~nce, sadsfactory to Psyee. against liability foc damsg- to
peraons or pooperty and nnder sIl applicable wakmen's oompensation laws,
SBA Fam 326D Q-65)
aoox161 ~c~ ~43
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