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Home My WebLink About2349 SBA LOAH NUMBER GPF80.748-10-09-MIA ~ NOTE - . ' ~l~ozt Pierce, Florida iG~~r and S~ate) = 35, 000. 00 ~u.«~ October 9 ,~9 74 ~ Fo~ value ~ccei~ed, thc undcrsi~ed promises to pay to ihe orde~ ol , . SUN BANK OF ST. LUCIE COUNTV ~ (Payee) at its o(tice in ~l?e city ot FAY't P~ ~r _e . S~ate ot Fl [~ritla or at holder's option. at such other place as may be deci~?a~ed (rom ~ime to time by the holdet _ Thirty Five Thousand and no/100----------=-------------"--"- doilars, (~tilt ouL amOUnl) . with interest on aopaid priacipal compu~ed [rom the date o( each advaace to the undersi~ed at the rate o( 9~$ percent per anoum, paymeot to be madc io iasiallmenls as (ollows: . Installments, inclu~in~ principal and interest, each in the amo~nt o€ $ 572. 00 , payable r~onthly, be~inning _ Two (2 )~aonths f rom , _ ~ date, eaci sai3 installment to Se first appliea - to interest accrLeu to t~e date of receint of i said installment,, an~ t:ie ualance, if any, to ~ ~ ~~ir.ci~al, a:~cl tlie balance of princi~al an~ in- te~est p~:;~~elc on or 'uefore Seven (7 ) years ' ~ ~ j ; i j fiom date. E . ! ~ f € ~ t i Payment of any installment o! principal or interest owing or. this ~Iote may be made prior to the maturity date thereo[ without ~ peaalty. 'Ihe term "lndebtedness" as used hereia shail mean the indebtedness evideaced by this Note. includiag principal, intetest. ; aod e:peoses, v?hether coatingen~, now due or hereafter to become dne and whether 6ereto(ore or contemporaaeouslr he~ewith or hereafter coatracted. The term "Collateral" as used in this Note shall mean aoy (nnds, guaranties. or other property or rights theiein o( any aature Nhatsoever or the proceeds thereo( which may have been. are, or Sereafter may be. hypothecated. directly or iodirectly by ~}?e uodersigned or othe~s. io connectioa with, or as security (or, the Iadebtedness orany patt thereo(. ']lie Ca~~ater- al. and each Part thereo(~ shall sec~re ~he ladebtedness and each par~ thereof. T1~e covenants and conditioas set forth or referted to io any aad all instrumeats ot hypothecation constitutinR ~he Collateral are hereby incorporated in ~his Note as covenaats aod conditions o( the uadersi~ed with the same (orce and e(iect as thou~ soch covenants and conditions were iully set fort6 hereio. The Indeb~edness shall immediately become due and payable, without notice or demand, npon the appointment o( a receiver or liquidator, whether voluntary or iovoluntary, (or the undersigaed or (or any of its proper~y. or npon ti~e (iling ot a petition by or aqainst the ondersi~ed under the provisions of any S~ate iocolvency lavc or uader the ptovisions of the [3ankruptcy Act oI 1898. as amended, ot opoo the making by the undersip,ncd o( an assignmcnl (or ~he benelit ot i~s crrditors. Holder is authorized to de- p clare all or any par~ o( the Indebtedness immedlately due and payable upon the happening of aay ot the (ollowing events: ~ (1) Failure to pay any part o( the Indebtedness when due: (2) nonpertortnance by the undersip~ed of any agreemeo~ with. or any can- ~ rlition imposed by, Nolder or Small $usiness'Administration (hereinafter called "SBA"1. or either o( them, with respect to the in- debtedoess; (31 H~lrlet's discovery o( the u~if~~si~rd's failure in aay applicatioo o( the ~undersi~ed to Holder or SBA to disclose any (act deemed M liolder to be materia) or ot the makinR therein or in any o( the said agreements, or in aay affidavit or other doc- umentssubmitted in connection with said application or the indebtedness. o( any misrepresentation by. on behalf of. or for the beue- (it of the undersign ed; (41 the reorganization (other than a teorganizatioa pursuant to any of ~he provisions of the Baokraptcy Act o( 1898, as amended) or metger or consolidation o( the undersigned (or the makiog o( any agreement thete(or) without the prior written consen~ oiHolder: (S! the undersi~ped'S lailure duly to account, to ~lolder's satis(action, at such time or times as Holder may re- quire, tor any of the Collateral, or procceds thereoS, coming iato the contro) of the undersi~?ed: or (6) the institutioo o( any suit r ~ i a((PCtinR ~he undPrsigr?ed dePmed l~ Holder to a((ect adversely its interest hereunder in the Collateral orotherwise. Holder's (ait- ~ i ore to exercise its ri~~s nnder this paragraph shall notcoostitute a waiver thereo(. - i { ; ~ , SBA FORM 117 (8-711 REF: ND 510•1 PREVIOUS EOITtONS ANO SBA FORMS 154. 326A. 530 AND 530A ARE OBSOLETE 800K 232 ~~2349 ~ ~ _ - _ ~p_~~~ vr4~ E, ~ d h ~y i'~ _ ~ . ~ ~~'µ'+i a ,~.?~v~ Yv~ es_'"~~._,. ,~f ~ . . ~ +a~.~~1~L:,w.la~ ~.r1.`~ '