HomeMy WebLinkAbout0231 C v~~ S~A LOAN NYNOEII
/ BZDiL-849, 016-10-07 11I11
NOTE
(FOR OISASTER LOANS ONLYI ~ ~.~,~~i ~
(Ciq nd S u)
= 20~QQQ.OQ ' (O~te) .19~
Fo~ v~loe received. th~ oadeni~~d pro~ises w Pap to ths otd~~ ot
SMALL BUSINESS ADMINISTRAT~ON '
(Paree)
.e ics ottice in ~e cier oE P•O. Box 360. Denver ~ Saie o( Colorado
or at 6older's option. at sucA otler place as mq be desi~ated tros time to tise bq the 6older
~ ~~l ~ dollan,
(prite oot aaount)
witD intetest on uopaid principal coapoted (roo t6e d~te o~ eae~ advance to tbe uadersi~sed ~t t6e rate oI_ __{~5~[$perceat
per anaum. paymeot to be made in iastallmeats as (ollo~rs: _
= 417_QO . including principal and intetest. paya6le monthly. brginning
Gve (S) moot~s from t6e date hereof; the balance of principal aad iatetest to be paid in full
plt~ ( r, ) pea~(s) from thf• ~I:+ir. hereot; N-ith ~he tnrther provision tha~ each said installment
shal{ beayplicd tirst to interest accrued (rom thr teceipt nf said instullmrnt. and the balance. if any. to prinripal.
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Payment oi any ia~tallment o( principal or intereat owing on tLia Note may be made prior to the m~toriq date thereof wit~o~t '
peaalty. '
71~e term "Indebtednesi ' as used herein s6a11 mean t6e iadebtedueas evidenced bp tbia i~ote~ inclading principal, interat. ~
and eap_nses, whetl~er contingent. now due or 6erea(ter to become due and v~rhetl?er 6eretofore or contempotaneonsly heter+itL or
hereatter contraceed. 'Ibe term "Coliateral" as used ia this Note shall mean any fnnds. guaranties. or otber propertp or ti6hta i
therein o! aay caeure whatsoevrr or theproceeds thereot which may have been. are, or herea(ter may be. 6ypothecated, directlr or ~
indirectlp by tbe nndetsi~ed or otLers. in conoection with. or as aecwriry lor. the Indebtedoess oraar part thereo(. 7be Collater-
sl. aad each part ~hereot. shall aecure the lndebtedness and each part thereot. -'[be co~enants and conditions set fortb or retened '
to in any and sll iestrnments o[ 6rpothecotioa con~tituting the Collateral are hercbq incorporated iu this Note as covea~nts end
conditions o( cbe ondersi~ed r+ith the same torce and e(fect as thoa~? socb covenants and conditions werc folly aet torth Serein.
'[be ~nde6tedness s6a11 imroediatelr become due and payable. withont notice br demaad. opon the appqinUUent o( a teceiver or
liqaidator. w6esb~r volonury or iavoluntary, tor t6e nodersi~aed or tor anr o( its propertp. or npou ~he tiliu6 ot a petitios bp or
agaiost the underei~ed onder the provisions ot any State insolvency law or nnder the pro~isiooa of t6e Saakruptcr Act ot 1898. z
as amended, or opoe the makiag br t6e undersi~ned ot an assipaient (or the beoe(it o( its crediWrs. Holder is authorized w de- ;
clare all or anY part of t6e Indebtedues~ immedistely dae and payable opou the bapptain6 ot any oi the (oltorrin6 events: ~
(1) Peilare to pay aay part o( the Indebtedoes~ wheo dae; (2) oonpertormance Iry the uudetsiped of any agreemeat wilh. or aor con• ~
ditioa impo~ed by, {(older or Small Basiness Admioiatrstioo lhereina[ter eslled "SBA"). or either o[ them. wit6 ceapeet to the Io-
debtednes~; (3) Holder's discovery of the uadersiped's failare iu anr aPplication o( the onderaigped to Holder or SBA to di~close
anr (act deemed by Holder to be material or of tbe making ~herein or in any of the said agreemeoes, or ia anr alFidavit or othe~ doc-
umeotssobmittai in connection aitb said applicatioa or tbe indebtedness. o( anr mistepresentatioe bp, oo be6alf of, or (or the bene-
(it of the onder~e~ ed; ~4I the reor~nizatios (other thao a reorganization parso~nt to anp of ~he proviaioos of the BankroPtc7 Act of
1898. aa amended? or merger or conaolidation ot tbe nodersi~ed (or ~he makin6 0( any agreaoeet there(or) without t6e prior writteu ~
conseot o[Holder, (Sl the uudersi~ed's bilare dotr w account. to Holder's aatisfactioo. at such time or times as Nolder msr rr ~
qoire; (or any ot ~tie Collatual, or proceeds thereo(, comiog into ~he control of the undersiped; or (6) t6e institntion o( aor aoit j
affectin6 tbe ood~reigned deemed b~r Rolder to at(ect advrrselr its intetest 6ereunder in t6e Collatera) orothen+ise. }[older s(ail- s
ure ~o ezercise its ri~ts ander t6ia paragraph shall ootcoostitnte a~rsiver thereof. ~
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