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Home My WebLink About1558 Upon the aoapayment oI tbe Indebtedoess, or aoy p~rt theieot. whea d~e, vrAe~he~ by •ccele~~tioo or otl?e~+rise. Holder is empow- ered to nell, essi~. and deliret tbe whole ot ~ay patt oi the ~ollate~al •t public or private s~le. wi~ont dan4nd. ~dvertisemeat or } notice ot the time o~ place of sale ot o( any ~djodrua?eat t6ereol. wbich •re he~eiry e:presalr nraived. A(ter deducting all e:penses incidenul to ot arising trom eac6 sale or ules. ilolder mar ~pplp t6e residue ot the pmceeds theroof to the payeent ot the ledeb- ; tedness, aa it shaii dees proper. ~elotnias t6e e:cess, ii ~ny. to tbe ande~siped. 'Ifie undersi~ed 6ereEry waives ~11 ri~t o( ce- ~ demption or ~ppnieemeat whe~her be[ors or ~tter sale. ~ ! Holder is furt6e~ aapowered. to collect o~ caose to be collected or otherwise w be conve~ted ioto ~oose~r ~11 or any pa~t o( t6e ~ Collatenl. bp auit o~ ot6envise. and to saneade~, comproaise, releaae. renew. e:tead. e:c4~6e. o~ wbstitate anr item of the Col- I~tenl in tnnsactions with the oaderoi~ ed or ~nr ehltd parq. inespective ot ~or assi ment ~heroof ~r the nnds~si~ed. and wit6- out prior notice w or consmt oi tAe aaderai~ped or asy assi~aee. w'Aeaever any item o~t6e Collatenl ~h~ll not be paid w4eu dne. oc otherwise sh~ll be ia detaalt~ r+Aether ot ~ot tbe iadebtedue~s. or ~nr part t6eteof. ~aa becooe doe, Holde~ ~h~ll have t1?e s~me , ri~ts ~ad powe~a with respect to sach itae oI the Collatenl aro 6nnted ia respect the~eot ia this p~n~rap6 ia c~se oI nonpay a mest o( the iodeb~edness. or aay p~n t6ereot. w6es doe. Noae ot t6e ~i~t~, ~edies. privileges. o~ powero oi 8older e:pressly. ~ provjdcd tor 6erein a6a11 be e:clasi~e, bot each oi them shaU be cumnlati~e ~ritb oad ia ~ddition to every other rig~t. remedy, pnvi- ; lese, and power aow or 6ereatter exiatius in t~vor ot Holder. whet6er ~t l~r? or in eqaiqr. by stawte or ot6enrise. ~ { '1be nnderai~ ed s~ees to take dl aecessary steps w administer. enpervise, p~eserve. aad protect the Collatenl; aad rep rdleaa ~ o( anr action tekrn 6y $older. there s6~11 be ao daqr apon 8older ia tbis respect. T3e aaderai~ed ahall p~r all expeaaes oi any n~- ; tare, ~+rhether incorred in or oot of ooan. and ~v6ether iacurred betote or a(ter t6is Note a6a11 become due ~t its o~tariry date or other wise. inclndin6 but not limited to reason~ble attotnep's teea and costs. w6ic6 Rolde~ mq de~ necesury or pwper ia connection wit6 the satialactioa ot the lndebtedaess or the ~dministntion. auperviaion. preaervation. pmtectioo of (inciadins, bat not limited to. the mainteaaace oI adeqaate inaunace) or t6e ~ealisation opon the Collatenl. Holder is authorised to pay et auy time eud froa~ time eo tioe any or all o[ sac6 expmses. add t6e amonnt of anch parmeat w t6e amoant o[ t6e lndebtedness, and c6~rse intereat thereon at the nte apecitied 6ercin rvit6 respect to ~he princip~l ~moant of t6is Note. t 'Ibe aeWriqr righta oi Holder and ita aaei6os 6ereander s6a11 not be imp~ircd iry Holder'a aale.6ypot6ecatioa or rehypothecation ~ of anp note of the nadersi~ed or any item of the Coll~tenl, or !ry ~ny indulgence, including bat not limited to aay reacrval. ex- tmaion. or moditication w6ic4 Holder may srsnt with reapect w the Indebtedueas or mr p~rt thereof. or (b) sny aarreader. compro- miae. telease. renewsl. exteosion. exchanse, or anbstiwtion which flolder m~y annt in respect of the Collatenl, or (c) aay tndol- gence granted in respect o( any endoraer. gu~rantor, or eoreq. 'fbe parc6ase~. aasi~nee, tranaferee. or pledgee oi thie Note. the Colleteral, any guaraaty. and a~ other docament (or anr o( them). aold, aaai~ued. tnnafecred, pledged. or repledged. ahall torthwith become veated witb and entitled to e=ercise dl t6e powers and ri~ta given by thie Note wd sll ~pplicatious oi t6e auderei~ned to Holder or SBA, as it said pa~chaser, assipee. trana[eree, or pledgee were originelly named as Payee in thia Note and in said appli- cation or applications. f ~ '~is promissory note is given to secnre e loan which SBA ie making or in which it is participating and. pursaant to P~rt l01 ot ~ the Rolea and Regnlations ot SBA l13 C.F.R. 101.1(d)). this instmment is to be constmed end („rhen SBA ia t6e Holder or a party) ~ in interest) entorced ia accordance with appliceble Federal la~v. ZN tRT1~~ iAi~Of. w hah L~rambo s~t aos band~ sad wla ttN d~p aod y~as ~irst } ~bo~t rsilt~n. - ~ ~ , f~LEO ~M~ ~ECOR~f~ ~ ST ~Z1.:tr_::~t111T~1 Fu . aocrr r~~r~?s L1~ CLERX ~CU~( COURT ~f ~Q"~ ~ z ~ ~tEP , ' Ant ~6 9 5s atl'15 ~ ~ , ~ ~ ~ ; ~ E r ~ 305~969 ~ ~ ~ ~ i ~a~ . ~ ~ . ~ .To~a D. tit~q~acaLd aad L. 'A~1at lit~q~rala ~ e/b/• ea~nnnc • a prr~oasiaat ~at csa~x~ s ~ mr~e*r a eam~re~s ~ t._ ~ . Joi~ad n. sita4.sala x~ ~ ~ L. '~~laa ~itap~s'al+d ; ~ ~ . ~ ~ ~ Note.-Corporate applicanta must execute Note, in corporate aame. br doly authorized otiicer. and seal must be a((iYed and doly attested; parmership epplicants must e:ecate Note in (irm name. together with si~atore o( e general parmer. SBA FORM /17 1d-711 BO~ P,rE~~'Yl PAGE 2 NV VV ~ G P O ? 17 .5 5 3 ~s ` 5" ~:..~r - - - Z'_~,_, ~ ~ ~~A wr ~w •