HomeMy WebLinkAbout0282 SMALL BUSINESS ADMINISTRAZt~i;~T 1Y? 1
i' t~e t ~ LOAN N0.
N O T E ~,.~.rr~,~s s-~cR~ :
(For Dinct Loan Not Ov~~ 525,000)
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811 llo~th l3tb at~w~ {
l~brt Pi~e~ lLo~'ic~t~ 33~~ 1
(Addsess - lncludinq ZIP Code)
(Date) . 19
For value received, ~ J • CART~''R ~ $BBMQ~ ~Ks ~ . (6ereinafur called
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"Undersigned"). promises to pay to the orla of Small Business Admiaistration (haeiaaEur called "Payee")~ at ~
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Payee's Office ia the city of At'~'~~ . State oE . 1
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or at Payee's oQtion. at such ot6er place as may be designated from time w tim~ by the Payee. the sum of
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dollazs~ with iaterest on the unpaid principal computed
(wrla cut ~w~~)
fmm the date of each advaace tn the Undersigaed at the rate of ypercent per annum~ payment to , r
be made in installments as follows:
Ibst.a7.]aents~ 3sialu+din~i p~inaiDal and ittte:wt~ ~aoh in th~ aaWt Ot ~91t.00~
p+~~ab1. aon~,T. ~s~i~ri.e ts~ aaith. ~o. d.t~, ..oh .aia in.t~.l7~wu~ Zo b.
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lirat appa.i,~d to int~r~et aoo~cned to ~~+?t~ o! r~o~ip~ o! said l~astal]~a?t~
a~d t~w bala~o~, ~~V~ ~ P~P~~ and t~iu bal~oo~ o! p~it~oip~l ~d ls~t~ar~ati ;
pq:bls aia oar betor~ !'it`tMn ~~'S) Twurs !yr"o¦~ ~at~. ~
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Payment of aay installment of principal or inurest owing on this Note may be made prior to the maturity date thereot '
without penalty.
djfinnative Covenanta. - The Undersigned covenants and agrees that, until the payment ia tull of the moneys
owing on this Note~ the Undersig~ed will:
~ 1- Deliver to Payee within 45 days aELer the end of each fiscal annual period, a balance sheet of the Un-
~ dersigned as of suc6 date and a profit and loss statement of the Undersigned for such Cscal period~ in fona satisfac-
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~ tory tn the Payee;
2. Deliver to Payee with reasoaable prompmess such other financial data at such times and in such form as
~ Payee may request;
' 3. Pay all taxes, assessments and other governmental charges w which the Undersigned~ or the property of the t
: Undersigped, is or shall be subject beEore such charges become ddinquent~ ezcept t6at no such charge_need be ~
paid so long as its validity or amount shal) be oontested in good faith by.approQriate proceedings and the Under- i
~ signed shall have set up on the books of the Undersigned such reserve with respect thereto as shall be required by ~
: sound accounting practices; ;
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4. Keep all of the real and tangible personal property of the Undersigned insured in such amounts and against
Y' such risks as may be satisfactwy to the Payee or as are commonly insared against in the same areas by owoers of
~ similar property, and maintain in force policies of insurance. satisfactory to Payee. against liability for damage to
persons or property and under all applicable workmen's compensation laws.
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SBA FORM 3208 (71-67) EDITION OF e-67 WILL BE USED UNTIL STOCK IS EIIHAU5TE0 Q ~OVER)
BOOK 1~~ PAGE ~p2
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