HomeMy WebLinkAbout2343 SBA LOAN NUMBE~
, GPF80,748-10-09-MIA ;
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NOTE l
l~oxt Pierce, Florida I
~c~~r .pa s~.«~
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35, 000. 00 (o,«~ October 9 . ~9~_ ~
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F'or value receivcd. ~he undetsi~ed promises to pay ~o thc otder o( i
SUN BANK OF ST. LU~IE COUNTY
(Payee)
at ita ottice ia the city oi,Fnrf_ Pi __rCe . State o( FlArit~a - -
or at holde~ s option, at such other plece as may be dcsipnated trom time to lime by ~he 6oldet
Thirty Five Thousand and no/100-----------------------"-"-" dollan.
(aritc out amoua~)
with iaterest on uopaid p~incipal computed (rom the date of each advance to the nndersi~ed a~ tbe rate o( 9~$ percent
per aaaum, paymeot io be made ia installmen?s as follows:
Installments, incluuin~ principal an@ interest,
~ each in t.ie amoent of $ 572. 00 , pa~able
e~cnthly, ~Eginning _ Tw__.
o___, (2) Qonths from
date; eac: said installment to 3e first appliea
to interest accrLed to ti:e aate oF receiot of
. said installment, an~ t;ie 'ualance, ii any, to
~~ir_ci~al, anc~ the balance of princi~al and in-
! te:est pu; ~"ole on or ~efore Seven (7 ) years
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Payment of any installment o( principal or iaterest owing oe this Note may be made prior to the matnriry date thereo wi oat
penaity.
'Il~e term "Indebtedness" as used herein s6a11 mean ~he indebtedness evideaced bp this Note. incladiag principal. interea~.
: and expenses, whether contiageat. now dae or herea(ter to become due and whether heretotore or contemporaneously herexit6 or
~ herea(ter contracted. The term "Collateral" as used in ~his Vote shall mean any funds, guaranties. or other properry or rig6ts
i ~herein o( aay na~ure whatsoever or the pcoceeds thereol which may heve beea, are. or herea(ter map be. 6ypotLecated, directly or
I indirectly by the uadersi~ed or others, in connection wi~h. or as secutity (or. ihe ladebtedaess oraoy part iLereo(. The Collater-
~ al. and each part thereof. shall secure 1he lodebtedness and each part thereof. The covenants and conditions set (or~h or reierted
; to in any and all iostrumeats ot hypothecatioo constituting the Collateral are hereby incorpora~ed in this Note as coveuants and
j conditions o( t6e undersigped with the same force, and eftect as thou~ snch covenan~s aod cooditions wrere tn{lY set (orth hereio.
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7he Indebtedness shall immediately become due and payable, withoat ootice or demaad. npon the appoiata?ent ot a receivet or
liquidator, whe~her voluntary or iovoluntary. (or the under~i~ed or (or any o( its property. or apon the tiling ot a petition by or
against ~he andersig~ed onder ~he provisions o( any State insolveocy law or uoder the provisions o( t6e Bankmptc~r Act of 1896. ~
, as amended,or upon !he makiag by the undcrsi~ed oI aa assiFnment (or thP bPae(it of ils cYeditors. Holder is aut6orized to dr
~ clare all or any part o( the lndebtedness immedia~cly due and payable upon the happeaing o( aoy o( the following eveats: i:
- i (1) Failure to pay any part o( the Indebtedness when due: (21 nonperformance 6y the undersigp~d o( anr agreemeot rrith, or anr con-
" i dition imposed by, Holder or Small Bucinecs.`rldministra~ion (hereioatter called "SBA"). or either of them, with tespect to the In- i I
i debtedae~s: (3/ flolder's discovery• o( the uddeisigned's (ailure in aay application o(_the undersig~ed to ilolder or SBA to disclose
1 any (act deemed by flolder ~o be material or oi the making therein or ia anY o t t
he sai d agreeiae a t s, o r i u a n y at(idavit or other doc-
uments submitted in connection with said application or ~he indebtedness, o( aay misrepresentation br. on behall o(. or for the bene-
(it o( the undersign ed; (41 the reorganization (other than a reorRanizatioa porsuan~ to any o( the provisions o( the Bankroptry Act o(
~ 1898, as amended) or merger or consolida~ion o( the undersiPned (or the maEiog o( any agreement theretor) withont the prior written
~ coasent o(Holder, (51 the undersigned's tailure duly ~o account, to i(older's satisfaction. at snch time or iimes as Holder may re-
~ quire, (or any o( the Co~~ateral, or proceeds thereo(, coming into the coatro) ot ~he undersi~ed; or (61 the institutioo o( any anit
i a((ectinR ~he undersi~ed deemed by Holder to af(ect adversely its interest hereundPr io the Collateral orotherwise. Holder'a [ail-
~ are to exercise its rights under this paragraph shall notconstitute a waiver.thereo(.
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~ SBA FORM 1~7 IB-~11 REf: NO 5/0-1 PREVIOUS EOITIONS ANO 59A FONMS 15~. 326A, 530-ANO 530A ARE OBSOLETE .
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