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Upon ine aonpayment o( t6e Indebtedaess, o? any part thereo(, wheo dne, whetser by •cceleretioa or otAerwise. Holder ia empow- `
~rcd to aell. assigp, aad deliver the wbole or anr part of tLe CoU~terw! at public or p~ivate sale. without demend. advertise~ent or :
notice o( the time o~ place o( s~le or of sny adjourumeat thereot. whid~ are herebr expresslr w~ived. Atter deductiu~ all e:pensea
incideo~~l to or ~tising trom such eale or sales. Holde~ may ~pplr t6e ~esidue of the pmceeds t6ereo( to 16e payment oi t!?e ladeb-
iedaess. as it ahall deea pwpe~. ~etoAiog the rtcess, if ~ny. to ~Ae nndersi~ed. 'll~e anderei~ned he~eby waives all ri~t ot ~e-
demptioa or appcaisaaeat w6et6er betore o~ a(te~ sale. j
Nolde~ is fort6er empowered. to collect or cause to be collected or othenrise to be converted into monep ~Il o~ aay psrt ot tbe ~
(:ollatenl. !ry aait or otherwise. aed to soneader. compmoise. release. reaerv. ezteud. e:ch~n6e. or wbatitnte aey itaa ot the Col• ~
leteral is trwsactiona~witA t6e underaig~ed or sny ~Lird p~~ty. irrespective ot ~ay aaai meat t6ereof by tbe ende~sig~ed. ud witd-
~ut prior notice to or conaeot of tAe oaderai~ed or ~ny aasi~ee. RAeaeve~ aay item o~~e Cotl~teral s6o11 uot be paid when due.
ot6e~~riae s6~11 be ie de(aolt. w6ether or not t6e indebteduess. or uy pa~t thercot. 6as becose dae. Holde~ sball h~ve t6e same ;
ri~?ts and po~rera wit4 respect to sach itaa ot t6e Collateral aa are 6rantcd in ~eapect thereot in t6ia pan6raph it c~se o[ ~onpar• ~
n~eot o[ tAe Indebtedneas. or 4or part t6ereoi. when dne. None oI the ri~hta. remedies. privile6es, or powers o[ 8olde~ e:presaly ~
provided for 6ereia ahal! bc e:clnaive. but ead of t6em ah~ll be armulative witr wed in additioa to every other ri~t. remed~r, privi- ~
lrKe, and power now or 6erca(ter exfating in (avor ot Holde~. w6ether at law ar ie eqaity. bp statate or otherwiae. #
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The uadersi~ned asreea to take al) necessary stepa to administer. sopervise. preaerve, aod protect the Coiiateral; md rcgardless ~
any actiou taken by 8older. t6ere s!?all be no doty opon Holder io t6ia respect. 'Ibe underai~ned shall par all e:penses ot aey ne-
cure, rvhether iacurred ia or oat of court. aud w6ether incwrrcd be(ore or atter t6is IVote ah~11 become due at its oatnrity date ot otheo-
~ ise. inclnding bnt not limited to resson~ble ottornep's (eea and costa. which Holder uiey deem necessary or prope~ in conaection
N ith the satis(action oi the Indebtednesa or the adminiatntioa. snpervisiou. p~eservetion. pwtectioa oi (inclodin~. 6at not limited to.
ihe r~ainteaance ot odeqaate iaaurance) or t6e realisation upoa tbe Collateral. Holder ia aat6orizcd to p~y at aar ~ise aed (roA tiae
to time mr or ~li ot sac6 e:pensea, add t6e amoont oi aac6 parmeat to t6e amooet ot t6e Indebtednesa, ~ad c6ar6e iaterest tl~ereo~
at the rate apecificd herein wit` reapect to the principal amonat ot tbis Note.
RPCAf11r rightw o( ~oider aod its aaai~s 6erennder ahall not be ia~paired b~r Holder a aale.hypotbecatioa or rebypothecatioa
of any note o( tbe undersi~ed or aar itea of tbe Collateral, ot b~r n~ iadal6ence, iacladias biat eot IiQaited to aar reaewal. e:-
~ension. or modification whicb Holder mar grant rvitA ~eapect to t~e Indebteieaa or up part tLereot. or (b) asr wrteeder. compw-
mise, releqse, rcnewal. e:teasion. e:c6ange. or sabstitation .+6ic6 Holder may 6rant is respect ot the Collatecal. or (c) ur iodol-
Rence groated in respect ot ~ny endoraer. gaatantor. or suretr. 'Ihe port~aaer, essi~ee. traneteree. or pled6ee ot t6ia Note, the
(;ollatenl. aey gnaraot~r, and ~ny otber docament (or anr of them). aold, asai~ned. tranaferted. pled~ed, or nepiedaed. shall fort4rvit6
bPCOme vested wit6 aad entitled to e:erciae all tbe powera and ri~ta givcn 6y thia Note and all applicatious ot the underoi~ned to
}{older or SBA. aa i( said parrhaaer, aasigpee. trans(eree. or pledgee we~e ori6iually named ea Payee in this Note and ia said appli- .
cation or applicationa.
'i1~ia promisaory note ia givm to secare e losa w6ich SBA is makins or in w6icA it is participating and. parsoant to part 101 0(
the Rulea end Regnlations of SBA (13 ~.F.R. 1Q1.1(d))~ this iastmment is to be constmed and (rr6en SBA is ~6e Holder or a partr)
in intereat) eotoreed io accorda0ce with applicable Federal Isw.
~Ilnii t1~ sMl ~ t1r e~sle~satioa ri t~ aispstssw ~t tM ~1~ ariiDrcis~i ~ttis~si. ~
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j~i1 ~j~l it~e_
s John V. D'Albora Jr.
6i00K 1g7 PACf ~1~ ~~T ~s~ John E. Merk
_ ~ ~~at~ i~al) ~
- Note.-Corporate applicents mast e:ecute Note, iu corponte name, by dolr authorized o((icer, and aeal most be ~fG:edaad dulr
atteated; partnerahip applicants most e:ecate Note in (irm name, together rvilh si~atare ot a geaerel p~rtner. , ~
- SBA FORM 1~7 18-71) PAGE 2