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Home My WebLink About1763 . U~~ lIl! pOpP~rlptpt OI lIlC ~OdcblldpESS, or sar p~rt ihereof, wh~n due, wfielhet b~r ~cc~l~?~1ios or otAenirise. ~olde? i~ e~pow- ~ ered to sell. •ssi~po. ~od delive~ the whole ot soy p~rt ot lhe Collater~! ~t public ot ptiv~te sale. wit?ont de~qd. ~dwrtisewe~t ot aotice o~ ~he time o~ pl~ce oI s~le or ot aoy ~djou~ea~ tbe~eof~ whicA •re hereb~r espres~lr w~ived. .Alter aed~od~~ ~ll e:peases iocide~tal to or ~tisin~ t~oe~ sucb sale or sales, Holder m~r ~ppiy ~be residue of ~e p~oceed• thercof lo the pnr~wt oI 1~e ladeb- tedneu. •s i1 shall dee4 pwper, re~utoios l6e e:ceas~ if ny. to ~he nadetsi~ped. '11~e a~deni~sd I~erab~r w~ivta ~11 ti~t o( re- demptio~ or ~ppr~isaaeat ~rwet6er betore o~ ~(~er sale. Nolde~ is hrtAer aspowend. to collect or c~use to be collected o~ othe?wise to be coaverted tato ~oeq ~l) or qy pan ot ~e Coll~tehl. byr wit o~ o~herwise. aod to sorreader. comprooise. rele~se. reaew, ea~ead. e:cA~a6e. or ~c~bs~itule ur itew'o( t1~a Col- laeenl i~ tnasac~ioas witk t6e naderai~ed or aar third p~rty. iRespec~ive ot aey assi~weat ~bereol bp ~ke o~denip (~d' aad•wit6- out ptia~ ootice to or cosseat o! t?e o~ ersi~ed o~ ur •ss~~ee. wheaever uy itea o ~he CoU~~era) i~ll ~at be pli+f~ e~ dre. ti h o~ ot6ernise s6~11 be ia defanlt. wAether o~ aot the•i~debtednew. or ~ey part t6ereof, has beeoiae dne. Holder ~k~il ~a~~ e sNe ' ri~ts ~ad powers wit6 respect to soch itea ot ~e Collatenl as arc ~ra~ted i~ respect thereot i~ ~Lis pansnp? i~ c~se i( oo~pap' mest o(1Le ladebted~esa, o~ ~ar pa~t ~AeTeo(. v?he~ dee. Noaa ot the ri~Ats, reoedie~. privileses. or po~ven o( pold~r e es~lp pwvided lor here~ s6~11 be e:clusive. bat eaci o( tkea~ sh~ll be coa~~l~iive rrit6 ud i~ ~dditioa to every otl~et ti~t. rM~. pri~i- le~e. and power uo~v or Aereafter a:istin6 ja (~vor o~ Holder. whether ~t larv or i~ eq~itp. bq s~uute or ot6ernise. T6e oodersi~ed • ees io take all necessary steps to ad~iit~~~r. sope~vise, preserve. ud proteet t6e Coliateal; aad ~e~rdless ot aay actiw ta eo bq~older. ~6ere a6~11 be ao dnq apoa Holdet is tl~is respect. The oadersigned s6~11 p~ all eape~sea o a*r aa- tnre, w6ether i~cuRed i~ o~ oat oi conrt. ~od ~v6et6e~ iac~~red beto~e or ~fter tLi~ Note sraU becoae due at iu mawriryr date or ot?er- ~ wise. inclodios bnt not limi~ed to reasoeable ~ttoroep's (ees ud oosu. w6ich Holde~ s~y deesi aecess~ry or prope~ ia coaaectioa , wit6 the satiaf~ction ot t6e Indebtedaess or tbe adeinis~nlioa. sapervisioa. preserv~tioa. ptotectio~ oI (inclodins. btt ~ot li~ited to. tlie mai~tea~nce ot adeqoue issur~ce) or t6e reali~tios opoa t1~e Coll~tenl. Holder is aecbo~ised io p.y •t asr ~iwe ~ad twa tiah to time aar or ail o[ aacL eapeoses. add l6e amoont of soch pqeest to the amoo~t of t6e ladeb~edness. aad ci~r~e iaterest t6eteo~ •t tke rate specitied hereia ~rit6 respect to tbe priucipal aaonet ot this Note. . ~ i 73e secatit~r ri6hts of Holder ~od its assi~sa 6etennder s6~11 aot be uspairsd bp Holder's ale.6ypolhecatia~ or reLypot6ecatios o( any note o( ~he mdersi~ed or asy iteas ot t4e Collatenl. or bp ur iadalseace, iaclodias bot not li~ited to (a) vp re~eM~l. es- teasioo. or ~odific~tioe x6ich 8older ioay staot witli respect to t6e Indebteiess ot anr p~rt ttiereol, w(b) uy wrreader. cowpro- mise. role~se. rcne~ral. exteaeioa. e:c6an6e. o~ aubatitntioe which Holder msy arant ia reapect oi tbe Collateral. or (c) aar iadol- ~ ~eeace ~ranted ia respect oI anr endorse~. ~uu~raetor. or auretr. TUe Purchaaer. aaai6tnee. tnesfetee. or pledaae oi 1~is Note. ~6e Coil~teal. any ~u~rasry. and any o~he~ docaa~eot (or any ot ~6es). sold. assi~ned. tnns(eRed. pledsed, or repledsed. s`al) tort6Mri~6 ~ • beeooe veated wit~ rad eatitled to e:ercise all t6e powen and ri~ts sivea bp this Note asd all applic~tio~~ ot t~e oadersi~ed to ~ Holder or SBA. aa it aaid purdiaser. aaai~eee. traos(eree. or pledsee were orisinally n~sed as P~ree ia lLis Note ud i~ said appli• ~ catioa or applicatioos. ; ~ '~is pwa~issory note is sivm to aecnre a loae w6i~6 SBA is m~kios or ia whic6 it is particip~tias aad, p~rsout to Pan 101 ot ~ the Rnles ~nd Re6nl~tioos oi SBA (13 C.F.R. 101.1(d)), d~is iostmweat is to be conatrued aed (when SBA i~ t6e Holder or a psrtr) iu interest) entorced ia accordance .rit6 applic~ble Federa) I~w. , Pursuant to the Consumer Credit Protection Act, Public LaW 90-321, and Regulation Z of the Federal Reserve Board, 12 C.F.R.,Part 226, the borrower has three days in which to rescind Lhis loan, cancel the note, and have all collateral security interests already taken s~d perfected released of record, by notice of rescission to this agency, together with retcrn of ar.y loan proceeds. ~ The undersigned understands and agrees that in the event he wrongfully ~isapplies the ~ proceeds of the loan obtained ur.der PL 92-385, he shall be civilly liable Co the ~ ~~d~inistration in an amount equal to one-and-one half times Che origina2 principal amount of the Zoa~. It is understood that the term "indebtedness" as defined above shall i.nclude ; L-his amo~nt, if imposed by the Ac!ministration under Clause D, P1 92-385. The undersigned ;j ~ir.derstards and agrees that it is mandatory that he return SBA Form 1018, duly executed 1 :aithin I2 months, and such other evidence as is necessary and satisfactory to the Small ~ B4~iness Administration h•ithin one year of the date of the executed note which evidence ~ shalt indicate that the funds received have been used as directed by the authorization. ; ~ailure to furnish such evidence within the 12 nonth period shall raise a presumption that s the proceeds of the loan have been wrongEully tnisapplied. The undersigned further agrees ~ I Chat any funds in excess of one hundred dollars in his possession but not needed for the E purposes set fort:i in the autliorization shall be returned to the Saall Business Administra- € tion as socn as possible hat i.n ne ev~nt later than one year from the date hereof. ~ 'Cr.e undersigned hereby authorizes and empowers any attorney or clerk oi any Court of ; record ir~ the Ur.ited States or elsewhere to appear for and, with or withoLt declaration ~ filed, c~niess judgmetit against the Undersi.gned in favor of the holder, assignee or ~ succes:soi of h~lder of thi~ hote, at any term, for the full or total amounc of this Note, 4 togetl-er with all accruals proyided for therein, with costs of suit and aCtorney's ~ commission of fifteen (15) percent for collection; and the ur.dersigned expressly releases ~ all errors, waives a11 stay of execution, rights of inquisition and extension upon any ; ' levy, upon real estate and all exemption of property from levy and sale upon any Pxecution ~ t.zreon; and the undersigned expressly agrees to condemnation and expressly relinquishes all ~ ~ rights to beneffts or exemptions under any and all exe ption laws now in force or which ~ ~ may hereafter be enacted. , ~ ; ~1~ . ~u= SBAL) rry riager I ; ~ ~ianae G. Goeringes ry ; ~ ~ ' % ~ s , ' : a-~~ h,~.v~-,,~,,L~,=- SEAL ~ le 9areinberg Leroy /a e A. 3~reinber ~ - . ~ 6GRK~~~ PACE~75~ k ~ ~ Note.-Corponte ~pplients wast e:ecate Note. in corpo~ste neme. by daly aat6orized ot(icer. ~nd seal oost be ~tti:ed~od dotr t ~ •ttested: pareaeriip ~pplicaots a~ost e:ecote Note io (irm ouoe~ to~e~her rvit6 sipatare oI ~ Seaeral p~rtner. ' ' ABSTRACT ~c TITLE CORPORAT1pN Of FLORIDA `4~ feA FORM 1~ (~-7t~ ~ 'AQE _ ~ Yt 001IEM/YEMT MINTMq ORIQ: t91) 1• 7~! . • ~ ~ ~ ' - - - - - _ _ _ _ ~ ` ~,~'~'f`~ ,x~~c'--~ t*: .~F, -Y -r~^rr f : f* .r~ _ ' ~ _ ' . ~ _ _ ot ~ _ .