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Home My WebLink About1095 . • f . •r1v 58A LOAN'NUM6ER - GP-680, 179•10-0?-MIA NOTE Fort Pierce. Fiorida (City ~nd Sute) i : I4S, 000. 00 ~pe~e~ Decmeber 31 19 73 3 . i For value received. the undcrsieted p~omises to pay to the orde~ ot `SWl B~2'~C Of St. Lucie CiO11At~/ (Payee) e~ ~c8 otr~~ ?o ~~~y ot Fort Pierce , S~a~~ ot Fiorida ' o~ at holder s option. at snch other place as mey be desi~ated itom time to time Iry the holder One Hundred Forty-Five Thousand and No! 100---•----------------------- ~ dollars, (prite ont amoant) with interest on aupaid principal computed irom the date oi eac6 advance to t6e undersi~ed at ~he rate ot 8~ percent pet annum, payment to be made in installments as toUows: Inst:.llc~ents, including ?rinci_~~1 4ad int~rest, e~ch in t!ie ~~;ount of S i~ ~9T• 86 -~~•sble _ao:~~h~•• oa~~:~aia~ Jaauary 31, 19T4 ~~:~;o.~~hs ~ro:~ c~: e~c:: s~ic i•:st~_ll~:e_it to be :irst r. »lied to interest zc~ruec' to t~e date o~ r~~~i - ~ o" s~;': i•.~s~sllm~nt, ^au t..~ 3~lc.nc~, i: ~o ~ri-:~~ : 1, -rt~ tl~e h. ! ~nce of : : i::ci - ~ 1 G in ~eres t ' _••.51~ o : or :'o~: ten ~(0 ) ~ e-..~~ ."r~: _ Payment of any iostallmest ot principa) or interest owing on this Note may be made prior to the matnriry dete thereot without penalty. 'Ibe term "lndebtedaess" as ased herein shall mean the, indebtedness evidenced bp this Note~ inclading principal. interest. end expenses. whether coatingent. now dae or 6ereatter to become dne and r+6et6er heretofore or contemporaneously herewit6 or ' hereatter contracted. 'Ibe term "Collaterel" as ased in lhis Note shall mean any fands. gaarantiea, or ot6er propetty or ri~eis ~ thtrcin ot any natare w6atsoever ot the proceeds thereo( which may 6ave beea, are. or 6ereattet may be, 6ypothecated, directly or indirectly by the undersi~?ed or others, in connection witb, or as secarity for. the Indebteduess o~any part thereot. 7Le Collater- ~ al, aad each pan tLereo(, s6ell secure the Indebtedness and each part thereof. T6e coveaants and conditions set forth or referred ' to in any and all instraments of hypothecation constitating t6e Collatetal are 6erebr iaeorporated in this Note as covenancs and ` conditions of the nndersi~ned xith tbe same (orce a¢d eftect as ~Lou~ sac6 covenants and conditiona were folly set (otth herein. 'Ihe ludebtednesa shall immediateiy become dne and payable. witboat notice or dem~d, npon tLe appointment of a teceiver ot ~ liqaidator, w6ether volnntary or iovolnntary, for Ihe andersigned or (or any oi its pmperty. or apon tLe tiling of a petition by or ~ ; against t6e nndersiped nnder the provisious o( any State insolvency law or under the prorisions of the Benkroptcy Act o( 1898, as amended, or upon t6e ma~ing 6y the andersi~ed of an assignment for tLe benetit of its er+editors. Holder is ao~horized to de- clare all or any part ot ehe indebtedness immediately dne and payable npon ihe happening of any oI the following eveoes: {i) Failure co pey any pan ot the Indebtedness w6en dne; (21 nonper{o~mance by tLe nndersigped of any agreemeat witb, or any con- dition imposed b~r, 8older or $mall Basinesa Administration (6ereinafter called "SBA"l. or either of them~ vvith respect to the In- debtedness; (31 flolder's discovery of the anderai~eed's [ailare in any application o( tLe andersiglned to $older or SBA to diaclose anr fact deemed by 8older to be material or of t6e making ~herein or in any ot the said agreemenca. or in sny aftidavit or other doc- umentssabmitted in conaection with said application or t6e indebtedness. o( any misrepresentation by. on be6alf o(. or for the bene- tit ot the andersi ed; (4) tbe reorganization (other tLan a reorganization porsaaat to anr ot tbe provisioas ot ihe Banktaptcy Act oi 1898, as amende~ or merger or consolidation ot the andersiped (or t6e making of eny agrcement therefor) withont the prior ~rrittea coosent ot8older; (5) the nndersi~ed's tailore daly to accoant, to ~older's satistaction, at snch time or times as Hotder may re- qaire. Ior eny oi t6e Collateral. or proceeds tltereo(, cooting into t6e cantro! of the nndersiped; or (6) Ihe institotion of any wit af(ecting the andersi~ed deemed by Holder to alfect adversely its interest 6ereonder in the Collateral orothetwist. Holder's fail- are to e:ercise its ri~ts ander tbis pawgrap6 a6a11 notconstitote a waiver t6ereof. ~ SBA FORM iQ f8-71) REF: NO 510-1 PREVIOUS EOITIONS AND 59A FORMS 15{, 326A; 530 AN4 530A ARE OBSO~.ETE ~ e~a~ 222 P,~: i095 ~ ~ ; ~ . ~ ~3 < F „ . ,F ~ ~ ~..~r v~ ~ ~ ~ ~ _ . ~ - ~ r~-._~..~..:~~`'.