HomeMy WebLinkAbout1188 . l~pw ~A~ ~aap+~>arnt ol ~hr IaJeb~~•JarK~. ~~t L~y p+~n il~e~rot. v.hrs dre. wbetl~et bp ~~celen~io~ or oJ~etr+iwe. Noldet 1~ e~poa•
e~ed to ~ell, ~x„i~. aad J~•li~er ~M~ MMoI~ or up p:rt ol tlie f.oll~tenl •t pibli~ e~ priv~~e wale. wiJ~or~ drw~~d. ~dvertisawe~t o~
aotice ol ike ~i~~ oe ptac~ ot wsl~ or o( u~y ~djoo~e~t tU?ereot. r??id~ an ?eroby expresslr w~i~eA. At~e~ dedretit~ ~11 e:peoses ;
i~tid~t~l to o~ ~~i~inK (raw we? ~~I~ or ~alew. Holde~ ~~r ~pplY th~ r~sidYe ot t?e proeeMde tl~ereol to ~h~ paywc~t o( ~ke (adeb•
~e~e~~. ~s it vh~ll d~~w pra~r, rN~rni~R ll~r wac~~r. if a~r. te J~e r~dernip~~~. '11~~ rsd~~xip~rd Memhp w~i~~r ~II ~i~t o1 te- ~
d'wp~io~ ot ~pp~~i.Mn~at wbetahr brfor~ or ~t~er vle. .
Ilolder i+. lunhw~ ~tia~Mw~r«d. l0 I:Q~IRCI Of hNYN! l0 I!e MIINCLP~I O~ OlI1NfMINP l0 6! lY1N~Pf1~YI IAto puNM MII M Y~r pNft P~ l~lR ;
Coilatenl. bv ruit ur ~~th~•wi.e. and tu xum~ed~r. co~pwrniue. Klease. ~ew. ~stead. eaciia~K~. ur ewbri~ii~~e ~r itew al th~ l:ol-
latenl i~ traaRactiuax ~ith tA~ uadetai~aed or a~y tAird p~tt~r, ittespective ot a~r ~wwip~seat tberool bp t6~ n~dersi~ed, ~ad witti-
ont p~ior ootic~ ~o or Man~et ol the uuJ~rnipied or aer ~asi~pee. N6eaever uy itew ol ~6e Coll~te~al ri~~ll aot be p~id .rAe~ d~s.
or o~Actwirie ah~l) br io ~lr(~ul~. wh~~her o~ ao~ ~h~ iodebtedaess. or ~nr part the~eo(. A~~ becawe dne. Holder Rhall 4a~e the s~e •
ri~Atu a0d pov?c~x N i~h r~~pe~t to ruch i~ea o( th~ Co11~t~ra1 ~u ate ~no~~~ i~ reepect the?~.wt ia ~is paraRnph ia cat~e o[ noap~y
mest of the l4d~btrdac.~. ~r +iay pn~1 th~rcof. whee due. Nos~ o( the ri~¢?ts, cewedies. p~ivileRea, or powers a(,Holde~ expresalp
provideJ to~ he~eia sh~ll Ar ~:clusive. but each of tbew shall be cowol~tive vnith od io ~dditioa to e~eh ot6er ri6ht. rsaedp. p~i~i•
le6e. aad povicer pow or hetcotter cxis~tin~ in t~vor oi Holder. wbeti~er ~t l~w or i, eqoitr, b~r ~tawte or ot6enrise.
Thc uadersi~ ed +~~r~e. to tak~ all aec~naary ~teps to ~daiiaiate~. aupervise. preserve, and protec~ ~he Coll~tenl; ud re~ rdlesa
of say •ctioe tak'o M~ Nuldcr. ~he~e ~hall br ao datr npoo Holde~ is this teapect. 'fh~ ondenoiRned sha11 par ull ~xpeowos o( aay a~-
ture. ~ketAe~ incuu~•~i ip •~c out ~.1 ce~urt. aad wbethet incur~ed betore ot a(tee thia Note ~hell btcooe dne at itx ~autdti~v date o~ otheti
Ni~e. in~ludios n~~t limi~~~l tn n•u~oaaLlw. attoru~y'w fee~ ~od eort~, which Il~lder mar d~e~a~ arcexrian or ptopec ia conaectiua
i~h th~• .ati.G~. ~ion n1 th~• Ind~•htrdnp~~ ur thc H~IminiKtratioo. xupervixion. pre+orvution. P~olrClio~ u~ Iipclu~IlO~;. but oat li~aitr.l to.
• t!?e maiuteaaece ot :~d~y~uatP iasuranc~) or the tealiiation upoa ~he (:ollaterai. Ilold~r ix au~ho~iz~d tu p+~y at xar iim~ aad trae tiwe
cn ~im~ aay ot all a( Surh exp~nse+, udd ~he amonot ot auch psyment to the amonot o[ the ladebtedae~~. aAd charRe iaterest theteoo
at che ate specified he~ein with rexpect to t6e priacipal smoont o( thia Note.
The .ecnritv ri~htv u( llnld.•r and it~ a.aiRu~ heteundec shall dot be imp~ired b~r 1lolder'a sale.fiypothecatiuo ot reLypothec~tion
~~t :~n~ nutr ~h~ un~ir.+i~~~i or ~~nv i~~yn ut ihr (:ollateral. or ty anr iadi~IRrncr. iecludiaR but oot limiiod to la) aor renewal. ex•
trn+ion. ~t madifira~ion ahirh Iluldrr niav ~r.wt with r~.p~~t to tho lad~b~~~lnr~» or uoy p:irt th~•?cot. o~ (bl aay xu~tcndcr. eospto-
mi.r, crlrarir. «•ara:~l. r~t.~~.iua. +•~~•h:?a~;~•. ar .uMtituliuu whirh lloldi•~a~uv ~n~a~ in r~.p.•ct u( ~h~ l:nllatrral, nr i•~1 aoy iadul-
Krarr ~trrnt~•d in r•••prr~ ~.i .~m ~•ndur.rr. gu+~r.~u~~?r. a~ ~urrtp. 'I'ho purchu.rr. a:+.i~nrr. tr.~n~cti•ro~. or pl~•d~~•~• o[ lhi~ Notc, tlte
Collatcral. an~~ ~uar.~at~ ..~o~l aav o~hrr document (or any o( theml, !wld. aa.igood. trua.(errrd. plcdRcd. r~p1~JR~d. shal) iorthwitl?
become ~ested v.ith an~! entitled tn exercise all the porrecs end ripbtR Riv~n by thie Not~ and all applica~ioas of the underai~pned to
Hold•r ~~r 513:\, a+ if said purr.haset. assign~e. ttaos(eree, ot pledqee vretc otiRieall~ aomed e~ PAy!! Ip 1I11~t ~VOI! dDd in said appli•
ra~i~?n or application~.
'~his promi..nn not~• i. Fi~.•n tu ~:~•cu~e a Inae which S{;A i4 makiaK or io which it ix panicipatin~t aad. pur.uuot to Part 101 ot
:ti~~ Rules :iad N~1,~~I:~~ir~n. ~,i tiH:~ (13 (:.F'.H. 101.1td1), thi. in~trumeot is to bc cona~ru~d sod (MhPn ti~A- is th~ t[older or a party)
~n int.r«St) r.D~oM~'~I in :+c~ord:mcr with applicabl~ Federa! law. ~
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~ ~ BJE INllUSTRIES' INC ~ ~
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~ 'n \ i f% ~ ~ ~ _ .
~ • } , • ~ . r : 1-t ~ - ~ . ~ t . . i J'. ' !l l ~t~~
Cdrote L. Cri~lland, Sccr~•tary
~ Ed~~~ard G. Cridland. President
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~n~rr (.~•t~~or.~t•• .~~q,Gr:mt. mu.t r~~~o~~ tiotr, i11 •ror~to[iUr nutao, by dulY .+uth~?ricrd ~~f(i~rr. and ~c~•:il mu.t h~• vffi~~d uod duly .
.~~~,•.t•d. par~p~r~hip appl~~.~nt. mu.t r~rrul~• Vu~~ in firm axmr~ IoKr~hrr Mi~h .ip,nu~nn• n( ~;onrrul p:utn~r.
SBA FGQM 1~7 !9-"71: • Exhibit' A • ~'AGE 2 • j
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- ~o~xz13 PAGf~i8~l ~.o .,,.ss, ;
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