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HomeMy WebLinkAbout0235 tipo~ ~I~e ~o•p.yw~~i ol t?e IRA~blydwe~w, o~ ~~r p~r1 ~i~~rrol. wAM dy~, Mw~~A~~ br ~ec~l~r~~io~ o~ ot~~rMi~~, Ilold~r iw rwpow. . e~ed to ~ell. ~ssip, delirs~ ~Ae w~ole u~ uy P~n o( ~Ae Colia~en! •1 pr~lic ot ~iv~te ~~1~, w~d~orl dee~eA, •dv~e~ixow~i or ~otiee ol tAe ti~e e~ oi~e~ ot ~ale or oi ur djou~est tbereot. wl?id ?sreyr •a'r~~slp'w~ivt~. Aft~r d~a~e~is~ di eap~eRt~ iacidewl~l to o~ ~ri~iad (~oa wcl~ ~~le or sales. Holde~ ~~r ~Pplr ~Ye ~esihe ol ~?e proceeds tbenol to ~e parwe~t of ar i~d•b- ted~es~, it ~h~ll ascw proper. te~ani~~ ~I~e eacess, il pr, to IAe ~~aer~i~s~. '11ie ~~~ersipea ?e~eb~r waive~ ~I) ri~t of dewp~io~ or ~Ppt~i~~we~l w~tt~e~ be(ote o~ ~fle~ s~le. Hola~~ i~ ht~?~r e~upowe~~~ l0 COIIfCI O~ t~YN !O N eoll~etti or ot?e~wi~s ~o co~vene~ i~io Ao~ey •11 or Mr P~rt el t?~ Coll~~enl. ?p s~il o~ ot?~n+is~. a~d to s~~ra~~?. easprosis~. relea~t. ~~M. e:te~a, e:el?Ntt, or ~wMii~rtt uy itew of 1l~~ Co1= I~teral i~ tn~~~e~iws wit~ ~t o~d~rsi~ ~ er My t~i~ M~tr. ine~ e¢~ive ~t a~r •ssi •est ~?asol ~r ~e ~~~e~~ip~~d. p~ Nitl~• out prior sotice to e~ co~se~t o( tl~e pdtraip~~ o~ My assi~e~. ~Mt~er yy ilew ~~i~~ Coll~te~~l ~?~11 ~e~ M~~i~ .I~e~ bi~. or olMetwi~e ~~11 u dtt~~lt. w\~~Get or ~o~ ths i~+e?tt+a~s~. e~ Mr Mtt ve~cot. M~s reco~e ~s, Holdtt ~~11 Mave d~~ ri~ll~ Y~ POMtf~ M~{R ft~pec~ to s~d~ itew el ~?e Coliue~at a~~ pate~ i~ respec~ d~ereol i~ ~is Nw~n~? i~ e~~s el w~Nr• ee~t ol t\e I~d~bt~L~ss. er ax p~~t v~~eof. wi~es ~e. Nwe of ~?e ~i~u. rewt~ie~. pidlep~. or pM~n ot 11ol~er es~~tsslp provided (ot Mer~ia ~~11 M exclrsire. bnt ead ot tAew ~l~ll be cwwelativ~. Mit? wJ i~ ~~~itio~ u~~sry o~i~r ri~At, ~e~~~r. P~i~l• le~e. MO POMft ~OMOt `f~f~Ilff l3lillw` ~A ~~1?O~ O~ HOldit~ MMllwft ~1 IaM N~!'~itp. yr st~ut~ K otlierrri~e. ~ 'I'U~ ~~der~ip •d ~~r~es te uk~ all ~~eessaqr ~teps ~e ~~i~iste?. wrenise. ~rourw. a~ ~roteet t?e Collat~nl: Na rcprdls~• ol ~~r ~ciiaa t~ke~ yr Holder. tl?en ~hdl bs wo d~ry ~p~ Holder i~ t?i~ res~et. 71e ~~~e~iipe~ ~~11 wr ~il espeeae~ o( nr tur~, w?et~tt i~c~t~.~ o~ or ..a i~erre~ belor~ et ~Ger tri~ Note i~ll ?~eo~~ ~e ~t i~s o~~s~itr ~ate er ot?er wi~e. i~chi~i~~ Mt we li~ited to mao~~?le ~tw~eq's t~e~ Ma eosu. ~r1id Nol~er wq iea~ ~set~sary e~ pro~tr i~ eo~~eetio~ riv Il~e sati~tactiea ot t~~ laa~?et~sN or t~~ ~d~i~istntio~. w'~nri~io~,~e s~rr~tio~. ~rot~c~io~ et (i~elr~h~. 1~t ~ot li~its~ a. : J~e mai~ta~a~c~ el ~ieqr~t~ i~ardee) ot tr~ re~li:uioa ~po~ die Coll~te~~l. iiolaet is ~~~Morise~to p~ u up ~t~e a~ frow tiw~ ~ to tiwe uY ot dl ot we? ~sraa~~~ ~tiC ~oY~l O~ pC~ ~~Nt w tl~~ ~wo~u ot t?e I~~e?ted~e~s. u~ d~~~e i~terest 1r~reo~ st ~?e nte specifl~ ?tni~ ~it? r~spect to t?~ Pri~eipal ~wor~t of tl~is Nete. 11?e seariry ~i~t~ oI HolaK sa~ its assips I~ere~det s6~11 ~ot be iwPai~ Mp Holde~'s sale,I~rpo~ecatio~ or n?rpotl~ecatio~ ot a~y ~ot~ of t1~ udersi~el ot ur itew ot ~Me Collalerat. or by ur i~d~l6e~ce. i~cl~di~~ b~t ~ot liwits~ to ur ~a~~wd. e:• - iea~ioa. or ~oditieatio~ w?id~ Holder say sras~ wi~ r~spsct to the ladctte~ess or ~q pan ttiereot. or (0) ur wnade~. coapro- mise. rele~se. reeewd. esta~sio~. e:cl~~a6e. or srbatitrtioa ahici~ Holaer ear Srnt i~ respect el ~Le Coll~~enl. or (c) qy i~drl- seaoe ~ri~ted i~ respect oi aar adorse~. ~arueor. et Mntr. 71~~ prrcba~er. ~ssi~ee. tn~sk~ee. or pledsee of tLis No~e. tlie Coll~tenl, ur pu~~uqr. ud uJr otke~ 3acrwnt (o~ aq ot ~4ew). sol~. ~ssi~ed. ua~sleRe~. pldsd. or repled~ed. sl~~ll brel~riti~ - bceowe vested arit4 ~d e~titled to e:ercise dl ~e pow~es ~a rirtts Ri~e~ Iry tris Note wa all applie~tio~~ of t`e ~adersipea a Holder or SBA. as if said prrd~ser, assi~ee. tn~stetet. o~ ple~~es wers ori`i~~lly ~~wsa ~s Pqee i~ tAis Note a¦d, i~ s.;~ ~ppli- utioa or ~pplic~tfo~s. - . : '11~is prowissory ~ote is Si~ee to sec~re ~ lo~a w?id? SBA is a~~ki~~ or i~.r~id it is p~~ticip~tir~ ud. pers~an~ lo P~rt 101 al ~he Rolea and Re~ni~tio~s ol SBA l13 C.P.R. 101.11~1), t6is i~sterent is to be eo~strse~ ud (~r1~e~ SBA is tLe Holder or ~ p~nr) . ia ietereul e~toreed i~ seeorda~ce .iti~ ~pplieabl• Fedenl I~.r. . - - - ~ . ~ . ~ - ; i ; ! + i . ~p 4: l. ~ . ~ - ~,p.~; ~ s ~11~~?t<<~ ~~~t-u~~~c~C~,~N~ ~ - ~ . ~ ~ F , ~ F V c~ ~ ~ ~.~j._ ~ Note.-Corporste ~ppliwts w~i~ exec~te Note. i~ eo~ponte ~we, y? d~l~ a~~horized otfice~. ~~a seal ~rst be ~((ised~d dnlr _ •ttested; p~ru~r~ip applic~u ~~st esen[e Mote i~ [i~w ~a~e, wse~u ni~L si~~tore ot ~~cr~) p~raer. !~A RORY Iq 1~-7/1 600K~~~ PA~ ~4 rAGt 2 ~ ~ ; e~, Nvt~M~ wir~aw arf~oe: ~a~.so~ . - - - - - at.~ - - -