The URL can be used to link to this page

Home My WebLink About0092 ~ ~ ~l~) %'~f . . , . ~ ; . : t. S. Uae tlse procceds of the loaa solaly Eor the pa~poaea set ~orth in tbe Autbori~u?don fa the Loaa issued br ~ - Paree. ~ - - 6. Oa demand. reimbnrae Payce tot a~? snd all e:pcnaes inc~ured. a which may ba hcreafeer iocurred bp Pay ae trom dme to time in oonnectioa with a bryr reasoa of borrowet'a application for. and t6e making and sdministration of~ the"loan. , Nesotive Covesawti. • The Underaigaed oovenants aad agreea that, witbout tbe pria written oonseat ot the Pay~- ee. Undersigned will m~ 1. Create, assume or other~vise suf fer to e:iat a~r mortgage. pledge ot other incumbrance npon any ot the real o~ nngiblc personal propaty of the Underaigned~ whether now o~vaed a hereaka aCq~uired, e=cept (a) lieas fiar tucs o~ other gov~ermiental chugea not delinqucnt er being ooriteated in good ~fait6~ or (b) purcbase muaey liens npon p~op~ ' erty acquired after the date of the Not,e~ a~ other liena upon such propecty at the oime of tbe acquisition thereof. 2. (a) If Undersigned ia : corporation~ declue or pay aay dividend or ma1~e a~r diatribution ~pon ita capita! stock. or purcLaae ar ntire nny of its capitsl atock, or oonsolidate a merge witL a~r.Qtha campany, a make any advaace, dioecdy a indirecdy, b~r way of loan. gitt. bonus. oommisaion. or otben?ise. oo aay oompany direcdy a in- di~+ectty oontrolling a aEfiliaLed with or oonaolled bjr Undersigaed, a to any officer~ dicecta~ a emplvyee of Uader- signed, o~ of any anch caanpany, (b) if Undixsigoed is a partaerahip a individnal. maka aay distribntion oi aasets oE the business of Undersigned. other t6m reasanable compenaation br aervices.,or make any advance. direcdp or io- direcdy, by way of loan~ g~ft, bonns. commisaion. or othe~rise, to any partnsr a any of its employeea, a to any cQmpmy direcdy a indi~ccdy oontrolling a a~liated with or coatrolled by Undetaigned. ~ Evewts ojDe%~1~. - The indebtedness (including pri~ipal~ iatereat and e~easea) shtll i~?ediately becdne due and psyable. without notice or demand, upon t}ie appc»mm~ent of a receiver a liquidabr~ whe'thet volnntaiy a in- Molnntacy. br tlie Undersigned or for any of ita property~ a npon the 61iug ot a petidoa by a againat..i6e Undasign- ed nnder the provisioas of any Stata insolvency law or under the provisions of t1~ Bankruptcy Act of I$98. as amend- ed, o~ upoa the making by the Undersigned of an aesigpment fa the bene&t of its credicars. Payee ia :utLorize@ to declace all a any part of the ind~btedaesa immediately dne and payable upon tLe Lappeniag of any of the tollowing events: (1) Fulnre to pay any p~art of the indebtedneas wrLen due; (2) ~~erformance ty the Undasigned of any agFeemmt with, a aay conditian imposed by. Payee with cespect Lo the indebtednesa; Payee's disoovery of the Undtrsigned's fiilute in any application of the Undersigned Lo payee to disclose any fact decmed by Payee Lo be maurial or of the making thecein a in any of the said ~eements, a in any afGdavit or other documeats submitted in oonaecdon vnith sud application o~ the indehtedneas~ or of any miarepresentadon bryr. on behalE of. o~ for t6e beno- fit of the Underaigned; (4) the reaganization (othcr t6aa a reotganiution pursuant oa a~r of tLe provisioas of the Bankruptcy Act of 1898. aa amended) or merger or consolidatiaa oE tbe U~signed (or the ma~cing of any ag~eement cherefor) ~rithoat chc prior wricteo oonsent of Payee; (S) tbe Uadusigaed's failure duly to account, to Psyee's satis- faction. at s~cb time or times :es Pay~ee may reqnin, for aay of the collaural, oc procceds thaeof, ooming ia~o the coatnnl of the Underaigned; a(6) the inatiwtioa of any suit affecting the UndersigRed deemed bq Payee to affect adversely ita intereat hueunder in she oollateral o~ othenvise. Payee'8 fulnre to e:ercise any of its rights ua~a this paragraph shall not conatitute a wuva thereoE. Upon aonpaymeat of interest or any instal(ment--of principal when due. the Underaig¢ed and suretie's anzaorize the Payee to selt~ at puWic or private sale, any or~all aollateral deposited and property pledged to secure the pay- ment of thia Nou, and apply tiie proceeds oE sale. less ezpense, to the paymeat of tbis Note. The aenuity rights of Payee and its assigns hereunder s6a11 not be impaired by any indulgence~ release~ rc- newal, eztension, oc modification which Payee may grant with respect oo the i~ebtedness or a~r part t~eteo~ a in reapect to the collateral or in respect to any endorser, guarancor, ot surety ~vitbut n~tice ur oonsent of the~Jndu- signed or any encbrsu. guuantur or suretY• j~ 1~~ 1~,~~j ~II~ h~ 6~~ 0~~ d l~al/ 1h~ M ~ed f~ ~oN~ 1~'1M~s. smss~ t~ai ~ ~ x. ~saweta~ , ~ ~ ~ ll~s~ss I/We Ler~by guarantee payment of this Note: ~ - : , Not~. - ~;orpaat~ appilcmt~ ar quQmton mut ~~cvt~ Not~, lo oorporad~ n~. b7 d~lr anthoriz~d ofEtast, aod Mad must b~ af(lsrd md dtilr aa.ed; v~u~.Miv a~,uom~s or Quc~mi«s on.t .:.a~t• No~s ir, Iim nao., eoy.sh.r .rid~ s~,aeon oi a y.n.ed parm.r. Q Q SBA Form 3268 (2-66) ' yro sw~z: d00K~~ PACE ~ . ^ . ~ , ~ ~ . : - ~_...a , _ _ . : ~ K - ~.~~~~~r~'~~ z x_ _