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SdA LOAN NUMdER
~ GP -679. 961-10 • 10-MIA
NOT E
Fort Pierce. Florids
• cc~h .oa s~.~a~
= 20.000. 00 cu.«~ October 10 , 19 T3
For valae received, t6e nndersi~ed promises to p~y to t6e order ot
StTN BANK OF ST. LUCIE COUNTY ;
tP~yee)
at its office in the city o[ FORT PIERCE , Stete oi IA~DA
ar at 6older s option, at soch other place ss m~y be deaibneted (rom time w time b~r tbe 6older
TWENTY THOUSAND AND NO/ 100-•----------------•-------• aou.~,
(write oot amoaat)
wit~ iaterest on anpaid principal compated from t6e dete ot each advance to the anderai~ned at tLe rate oi~_ percent
per annum. payment to be made in inatallmenta as tollows:
Inatsllmenta, inclt~ding principal an~d inLsrest, each ia
;
the amouat of $ 247.98 . payable ooathly, be8iaaing
Nov. 10, 1971~ 1) mantha fraa, date. each saifl iastallment
to be first a?plied to iatereet accrued to the date of
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receipt of said installmeat, aad the balance, if any, to
priacipal, and the balaace of principal a~ad intereet
paqable ozi or before November 10 (10) year8 fram date.
1983
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~ nOCUMENTARY STAMPS OF $30. 00 AFFIXED TO ORIGINAL NOTE
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Paymest ot any inatallmeat ot principal or interest o~ring on thia Note may be made prior to the m~mriq date thercot ~rithoat
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~ penalty: •
'Ihe term "[ndebte~esa" as used herein shell mean tLe indebtednesa evideaced bp t6is Note. including priacipal. iaterest.
~ and e:penses. w6et6er contingent, aow dae or 6ereafter to become dne ond whether heretotore or conteaporaneoaely herewitL or
~ hereaEter oontracted. 71~e term "Collsten!" ~s ased in this Note a6~11 mem ruy fanda, gnaramtiea. or other propertp ot rigbta
therein of anr natare wr6atsoever or thepwceeda thereot w6ic6 mey heve been. are. or heres(ter may be. 6ypothecated. directly or
~ indirectly br tLe underai~ed or otbera. in connectioo wit6, or aa aecority for. the Indebtedness orany pan t6ereoi. 'lbe Collater-
~ al, aad each part therwf, ehall secore the Indebtedness and eacb part thereof. 'Ibe covenants and conditioas aet forth or referred
~ to in anY and all instmments oi hypothecatios conatituting the Collatetal are 6ereby incorporated in this Note aa covenaets and
~ conditioaa of the underai~ed witb t6e asme force aud etfect as thoa~ aoch covenants and eonditions ~vere faily set forth herein.
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'Ibe lndebtedness shall immedistely become dae and papablc. withoot notice or demand. upon the appointueat o! a receiver or
~ liquidator. whether volantary or involmtary. tor the underoiped o~ for any oi ita pmperry~ or apon t6e tilin6 oI a petition bq or ;
against tLe onderoi~ed ander the proviaions of any State iusolveery l~~v or onder tLe pmvisiona of t6e Bankinptcr Act of 1898, t
as ameuded,or apon t6e making 6y the anderai~ed o( m asaipment [or.the bene(it of its crediwrs. Holder ia authorized W de-
clare all or anr part oE the lndebtedneaa immediately doe and ph+able apon the happenin6 0( aur of t6e Eollowing eveats: ~
(1) Failure w pay any part ot t6e lndebtednesa whm doe; (21 nonperfo~nance try tLe anderei~ed o( aay agreemeat wit6. or any con-
~ dition imposed by. Holder or Small Bssiaeaa Ad~inietretioe (6ereinafter c~lled "SBA"1. or eit~er of t6ea. r+itl~ respect w the ln- ;
~ debtedness; (3) 8older's discovery of the aaderei~ed's (ailare in any ~pplication of t6e undersigped w 8older or SBA w discloae _
~ anr tact deemed br Holder to be materiel or ot the making tberein or ia anr of the said agreme0ts. or in any affidavit or otLer doc-
~ ammtsaubmitted ia connection rrit6 eaid application or tLe indebtedness. of any misrepreaeatatioa by, oo behall oi. or for ~he bene- i
~ (it oI ~he onderai~ned; (4) t6e reorganizatioo (other tLan a reorganizatioa p~raoaat w~ ot t~e provisiona of the Ba~kcaptcp Act of ;
~ 1898, as amended) or merger or coasolidation of ~he nndersi~ed (or ~he making of any agreement theretor) Mrit6ost ~Le.prior written
conseat olHolder. (S) the anderai~ed's iailare doly to ecconnt. to Hoider's satisiaction. at sac6 time or timea aa $older may ~e-
~ qnire. (or any o( the Collateral, or proceeda tLe~eof, comin6 into the control ot 16e undersi~ed; or ~6) tAe iastitutioa oI aay snit
aitecting ~6e aaderaiBued deemed by Hotder to a(tect adveraelr its intereat hereander in the Collateral oto~herwise. HoldePs (sii-
are to ezercise its rig~ts ander tLis paragreph shall aotcoastiwte a waiver thereoi.
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SBA FORM lp (8-71) REF: NO 510-1 PREVIOUS EDITlONS ANO SBA FORMS 15~. 326A, 53O ANO S30A ARE OBSO~.ETE
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