HomeMy WebLinkAbout0243 L U ~ ~ ~ M ~~stR
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SZDI~-849, 016-10-07-M=]1
~ NOTE ,T._ n _
(FOR DISASTER LOANS ONLYI ~
(Ciq ~ad S te)
= 20.000.00 (D•te1 ~ , 191~
For wlue ~eceived. t6e oaderai~ed Pwa~ises to pay to ~Ae orde~ o( •
SMALL BUSINESS ADMINISTRATtON
(P.ree)
•t its olfice in the ciqr of P•O. Box 360. Denve~ , Stete o( Colorado
or at holdec's option. st such other place as mar be desi~n~ted i~ tioe W time iry the 6older
TWII~i1'IE-'PROUS~AND AND NO/100----- dollars.
_ (Arite oot ~moa~t)
with ioterest on unpaid principal computed (roo~ the date o[ eac6 advance to tl~e nndersi~ed at the nte ot_ _~5r($perceat
per aooum. paymeot to be made in iostalimentx as follows:
417_pA . iocluding p~incipal and interest. payable monthly. begiaoing •
(i~e I5) months imm the date herco(; the balaoce o! prinripal and interest to bc paid in full
FIV~_ ( 5 ) yca:I~) from thi• date 6ercof; ~~iV~t the Wrther pm.ision that cach said iastallment
shall be applied (irst to interest accrued Irum thr ~ec~ipt ot s~id installment. and tl~e balance. ii any, to principal.
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Payment oi aoy installment o( principa) or intereat ovring on this Note mar be made prior to the matoriry date thereot witboot
penalq.
11?e term "Indebtedness" ss used derein s6a11 mean t6e indebtedaeas evidenecd bp this Note, including principal. interest.
and expensr, whctLer coutiogeot. now dne or hereafter to become doe and wr6et6er heretotore or contemporaneously here~+ritb or
herea(ter contracted. 'I1ie term "Collateral" as used in this Note shdl meao any [aods, guaranties, or ot6er propertp or tig6ts
therein cf anr oatnre wbatsoever or theproceeds tLereot which mar have b=en. are. or he~ea(te~ map be~ hypot6eeated, direetlr or
indirectly by tLe undetsi~ed or othets; in conaectioa Nitb. or sa secutiry (or. the [ndcbtedness oranr part thereof. 'Ibe Collatet-
al, and each pan thereof. shall secure the Indebtedness and eac6 part thereof. The covenants and conditions set (orth or referred
to in aoy and all inst~nmenta ot 6ypothecation constitatiug ~he Collateral •rc 6erebp incorporated in t!?is Note as covenauts and
conditions o! tbe undersi~ed r+ith the same foree and ettect as thon~ suc6 corenauts aod coaditions were lullr set torth 6erein.
'Ihe (ndebtedo~ss s6a11 immedietely become due and paysble. withont notice or demsod. upon t6e appqintrneot ot a receiver or
liqnidator, ahetber volaotary or iovoluntary. [or ~e uoderai~ned or (ot aar of its property, or npon tbe (iling ot a petitiou 6ry~ or
agein~t t6e oodersig~ed uoder tbe provisions ot anr St~te insolvency l~w or ~snder the provisions of t6e Baakroptry Act of 1898.
as amended,or upon t6e making b~r t6e undersiped ot aa essi~ment for the beneEit of its creditors. Holdet is authorized to de-
clare all or aay part of the lndebtednea+ immediatelp dne and par~ble~pon t6e 6appeaiog of any o( the tollow:ng events:
(1) Failnre to pay anr part of ~he (ndebtedntss arAen due; (Y) nonperfo~mance bry t6e undecsiped of any agreemeat witli. or aay con-
dition imposed br, Holder or Small Business AdministratioO (hereiuafter caUed "SBA"). or eilher of them. wit6 reapect to the Io-
debtedoess; (3)-Holder's discovery ot t6e andersiped's (ailure in any applicotion o( the oaderaigped to Nolder or SBA to disclo~e i
aay fact deemed bp Holder to be material or o[ the makiag thereio or ia anr o! the said agreemente, or io any •f(idavit or other doc-
ameotssnbmitted in comection ti+it6 ssid applicatiou or 1he iadebtedoess, ot aay misrepreseutatio~ by. on dehal( o(. or [or tbe bene• !
(it of the undersigo ed; (4) tL~ reo~~aisatioo (other than a reo~gaaizatioo pnrau~st a anr of tbe provisioos of the Banl~roptep Act of ~
1898. aa amended) ot merger or coasolidation oi t6e undersiped (or 1be making o( anr a6reement tberelor) wit6out the prior wtitten ~
consent of Holder; (S) the ondersirped's feilure dnlr W accouet. to NoldePs satis(actioo. at such time or times as Holder maY re- ~
quire, (or eny of the Cullateral. or proceeds thereo[, comin6 into the control of the under3i~ed; or (6~ thr institatioe o( auy aoit
af(ecting tbe undtraiped deemed bp 1{older to affect adveraelr its interest be~eooder in the Collateral orotherwise. Holder's (~il- ~
ure to e:ercise its ri~hts ander t6is par~grapd shall not constitute a r+aiver thereof. i
f~e~ ~6 ~ 2~3
SBA FpRM 147 B(5•7G) REF SOP 57 35 PREVIOLS EDITIONS ARE 09SOlETE ~
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