HomeMy WebLinkAbout1343 . • ~
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S8A Fonn S30 .
~ ~~`61~ N 0 T E
1rt! tl~t~o~~ ~i~a
cc~~y ~a seace~
(~ee) Jas~ass ~l . ~9 i~ ,
s ~00~000.00
Fo~ wlue receired, (herelnafter calied
"Uiedersiq~ed" ~ promises to pay to the order oE ~ t]~~t AlYIM*r
(heceicwftet called "Holder'9, at its b~?klnq houae in the city of ~f.. ~~l~ ~ State oi
" . oc at Holder's optfon, at auch ottier place as mny be desiqnated iscm tlme to time by
the~Holder. tha sum of ~O dollars
(Write out maount)
wlth lnterest on the unpald principal computed hom the date oi each advance to the Undersiqned at the rate of
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peioent pei annwn •(o y" - ~
ment to be mode in lnstollmenfa as tollows: ~ '
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Payment of m~y installment of psincipal or lntereat owinq on thia Note moy be ruade prio~ to the maturity date theceof wltM
~ out penalty.
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~ Alfira~ative Co~esaats. -'i'he Undersiqned covenunts and aqrees thal, until the payment !n full of the moneys owinq on ~
~ thia Note, the Undersiqned will: !
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l, (o) Keep proper book6 of account in macu?er saUsfactacy to Holder; (b) Authorize at Underaiqned's ezpense inspec- f;
~ tion and audits by Holder oi any books, records and papera !n the custody or control of Undersiqned or othere, re- j
latlnq to Undersiqned~s financial or businesa eonditlona, includinq the mdcinq of coples thereof and abstracte ~
therefrom ~d lnspection and appwisal of any of Underaiqned's assets. ~
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2. Deliver to Holder t~ereof withln 45 days ufter the end of each fiscal annuol pedod, a balance sheet of the Under-
aiqned as of such date and a profit m~d loss atatement of the Undersiqned foc such flseal period, 1n form satfafae.
tary to the Holder hereof:
3. Deliver to Holder hereof with reasonable promptness auch other firanclal data ot such times and in such form as
Holder may request;
4. Pay all tazes, assessments and other qovemmental ch~qes to which the Undersigned, or the propetty oi the Under- !
~ siqned, is or shall be subJect before such ch~qes become delinquent, ezcept that no Buch chorqe need be pald so 3
~ lonq as it~ valldity or amount sholl be contested in qood falth by apptoprtate proceedir~qs and the Undersiqned ~
shall hnve set up on the books of the Undersiqned such reserve wlth reapect thereto as shall be requtred by sound '
~ accountinq prxtlces;
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S. Keep all of the real and tanqible personal property of the Under6lqned insured !n such amounts and aqainst such
rlaks as muy be satisfactory to the Holder or as eQe commonly ins?~ed cqnlnst 1n the same areas by owners of
almllar property, ond maSntain in force policiea ot insurance, satlatactory to Holder, aqaSnst llabllity foc d~naqe
to pecsons or property and unde+' all applioable workmen's compensatlon laws. ;
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6. Use the prooeeds of the loan solely tor the putposes approved in the AuthoHzation for the Loan issued to Bant by
Smnll Buslnesa Adminfatration (herelnafter called "SBA").
*To be ffiled fn only on Immedtate P~ttcfpauon loans. B~OK ~64 PACE1341~
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