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Home My WebLink About2669 ~°~~~Sg tircEse~r . ; ~ S. Uae the p~oceeds ot the loaa solely foc the pu~poses set forth ia the Authorization for the I.oaa issued by ' R Payee. ? 6. Oa demand~ reimburse Payee for any and all e:penses iacuaed~ or which may be hereafter incurred by Pay ee brom time to time ia conaection with o~ by reason of borrower's applicatioa for~ and the makiag and administration of~ the loan. . ~ Na6a~ive Couenm~ts. • The Uadecsigned covenants and agrees that, ~rithout the pcior rvritxea conseat of the Pay ~ ee~ Uadersigned will not: ~ 1. Cceate~ assume w otherwise suEEer to e:ist any mortgage, pledge or other incumbrance upoa any of the real or taagible personal prpperty of t!?e Undersigned. whether now owned or hereafter acquired, e:cePt (a) liens fa tazes or other govermaental chuges not delinquent oc being rnntested in good •faith~ or (b) purchase money liens upon pro~ ~ erty acqui~ed after the date of the Note. and other liens upon such ptoperty at the time of the acquisitioa thereof. 2. (a) If Undersiga~d is s co~pocation, declue or pay any dividend or make any discribution upon its capital stocic~ or purchase or retire any oE its capital stock. or consolidate or merge with any other canpany. or make any advaace. direcdy o~ indirecdy. by way of loan, gift. bonus~ commission, or otherwise~ to any company direcdy or in- direcdy oontrolling a affiliated with or coatrolled by Undersigned, or to any officer. dicector~ o~ employee of Under- signed. or of any such company~ (b) if Undersigaed is a partnership a individual~ make any distribution of assets of the business oi Undersigned, other than reasonable compensation Eor services~ or make any advance~ direcdy or in- - diree.ly~ by way of loan, g~ft, bonus~ commissioa, or othecwise~ to aay partaer a a~ny of its employees. or w aay company direcily or indirecdy controlling or affiliated with or controlled by Undersigned. Events o j De jaul~ - The indebudness (including principal. inLerest and expenses) shall immediately become due and payable. without notice or demand. upon the appointmeat of a receiver or liquidator~ whether voluntary a in- ~ voluatary. for the Undersigned or for any of its pcoperty, a upon the Cling of a petition by a' against the Undersign- ed under the ~rovisioas of any Stau insolvency law or under the provisions of the BankruQtcy Act of 1898. as amebd- ed. or upon t6e making by the Undersigned of an assi~ment for the benefit of its creditors. Payee is authorized to declare all or any part of the indebtedness immediately due aad payable upon the happening ot any of the following s events: (1) Failwe to pay any part of the indebtedness wh~n due; (2) aonperformance by the Undersigned of any agreement with~ or any condition imposed by, Payee with respect w the indebtedness; (3) Payce's disoovery o[ the Uadersigaed's failwe in any application of the Undersigned to Payee to disclose any fact deemed by Payee to be material or of the makiag therein or in any of the said agreements. or in any affidavit or other documents submitted in cona~etiotswitb s~id s~ZCatia~:ot ~h~~i~dbbtedaes~..oe;of?a~~t,misrepresentation by~ on behalf of~ or for the beno- fit of the Undersigned; (4) the reorganization (other than a reorganization pursuant w any of the pcovisions of the BHII~Cx~C[O~j~$~'r8~3 ~~CII~.~~O~~Ct~tT;CimII~~jt~ZIOR~EihO.~~ tf~:f~E!...•!,+&~'.~.~.3}~D~4IIL therefor) without the prior written consenc of Payee; .(S) the iJadersigned's failnre duly w acconnt, W Payee's satis- Eactiqq;.,ta~.s~s+b:ci~~ ~e~~s:P.s~x msFR~~n~d~,~l~' ~ihs edi~ak;~r:pnvr?eeds;~~^eg~lisS~4tb the conuol of the Undersigned; a(6) the institution of any suit affecting the Undersigned deemed by Payee to affect adve~jtl~r. iis~-iatptTR'~t_~eu~er. ip~heU~ol~}~id d'p~h~tep~~C,:~ Pnyosrs~oe~ ~ra[eretse~~ayt.Df,its"~1ts'.u~1a ~~3 this paragrap6 shall not coastitute a waiver thereo~. ; ~-•-,T, - ;ii : ~ .~V~ .-~Tdli L.-.r r~^- z. -r;; r --L...~T.6L'^~ .':~~I -i~1.: ~j1S .ti~:`tU} ~i, ~1 ` Upon noapayment of interest or any installment of .principal when due~ the Undersigned and sur~ties su~norize the Payee to sell, at puWic or private sale~ any or all ~llateral deposited and property pledged to secure the pay- ment of this Note, and apply the proceeds of sale~ less e:pense, to the payment of this Note. 'Ibe security rights of Payee and its assigns hereuader shall eot bit~impaired by any indulgence~ release~ re- ~ newal~ eztension, ur modifcation rvhich Payee may grant with respect w the indebtodness or any part theroof. or in resp~c~ L~ Ehetcef~~~~-et ie~spett o~i sny endaser, guarancor. or surety witbut n~tice or rnasent of the Under- si ed or an endorser~ arantor or surety. ~~~F, ~e ha~e h~s~mto ast o~r bands and ssala~ t~s dap? snd t~he ~var l~rat abo4e t~ritten. r ~IE MAB ~iIt.LL~I~.,~ ~B H. ~I~s a Q. H. i~L,I~lS ~T. SSQ~iB ~ ~ . ~ ~ ' _ _ . . . r ~ . ,r~,i ~ • ~4` . ~ I~VYe hereby guarantee paymeat oE this Note: ~~'e-~L~~l'~~ - ~ ~ _ ' FILED ANO ~O~° ~ ST. LUCIE COUNTY. FLA. ~ ~ ?F ~!~R'~ `~E?IFtED ~ ~ £ JUL 22 pM Fi. ..~,s~ y,.,.~,_.~ -s: _ ~ , ~ _ . 37 . , ~ ROG~~ POITRAS CLERK CIRCUIT COURT Nots. - Co?yocats appitcmt~ or Qu~rmton mu~t ~a~cvts No~~, 1n Cdpotat~ ncm~. Dr dW r wtlwrl:ed ottlcar, ~d ~cal muq b~ alttad a?d dulr attatwi; pQtri~r~hlp appifcmts or quzmtws muat s:ecvt~ Nots In ttrm a~s, toq~lAR wrfth stqoature o! a p~rN~/r~s. _,al :+j J. _ . ~ SB~ FORM 326e I11.~7) ~l~x V ~ ;a ' ' . ~ • ' k GFO 9):-y07 ~ . ~ _ _ , • _ '~t.~T. ~ . . _ _ .