HomeMy WebLinkAbout1913 l'poa the nospayment ul the ;nd••b~.•dnewa• .+n•. t,~~i ther,•„i, ..A~n riu~, whither 6.
gyred to sell, a+atRs, end deliver the wbolt ur .ny y.:=t ..I the Collates.' al pu?lit or pri~+~~ • ~ ~ ! .,.;J.
notice of the time or place of sale or of aa~ tdjourna~eat thereof. which art Atttby eapressl~ w~~ ~ r. iuct.n.
n, idestal to or aritia6 (runt wcA sale or tales, Ilolder may apply the reardat el tbt procreda thc~~ ,•e~:~ee•
cedaeas, as it .hall deter pauper. teturn?as tbt caress, tl say. to ebe tsdetsiptd. 'T1t understRt•ea ~ r~.rs
empt:orl or apprataemtntt whether before or steer salt
Holder rs lurther empowered, to eolltct or cruse to ht collected or otberwist to 6t cesvert:d talo a,~ney aii or any pa:~ 1
(lateral, by sort or utberwise. ud to wrresder, comprwtite, release, renew. t>ttesd. s:cbsa6e, or *ubsuw!e any tram o1 th•
ateral to transaet~ons with the ttrdtrsi~red or any third para. irrespective of any •tsi~arest thereof by the undertipred, and M
gut prior notice t0 Or COnatal Of lbe M treipted or uy tati~?et. Nbenevar uy ittw a tbt Collaterai .hall not be paid »lten cue,
~r otherwise ,hall be ie delault. whether or not the indebtedseat, or .ny part thateof, bas become dae, Holder ,ball have !~e +ame
r.ghts sad powers with respect to sach itest of the Culltteral as tae `ranted in respect thereof in this paragraph ie case o1 soopay-
•neot of the Isdebtedness, or aa~ part thereof. when due. None of the rid?ts, rtmedits. privileset, or power, of Holder ettEreasiv
;~rovtdeC for herein shall be a:c usive, but each of than steal! be etmtlati+e with ,tad in addition to every other right. remedy, p?tvr
;.fie, and power now or hereafter eaiating in favor of 1lolder, whether at taw or in egtity. by ttatate or o!~.rn. rse.
fhe usders:r~+ed a eat to take •11 accessary sups to administer, twpervite. preserve. and protect the (.:,(lateral; asd reaardlear
1 asy actitto taken by Holder, there shall be so dtty epos Holder in this respect. Tbt ssdtrsrped shat{ pat all eapesaes of say na•
• :re, whether inearr d h or out of corn, sad whetitet iacsrred btbre sr after this Note tabnll become ,ir:e- at i;i maturity date or other-
~tsr, iscluding bat not limited to rentossbla attorney's feet ad costs. ,third, Htl~tr wry deem net:e~+.+n or proper in eonseetion
~:th the satiaiaction 01 the lsdebttdaesr, er the admmirtrauos, asperviaios. yyreatrvatioa, pratertion : nci~;ain~, but sot limited to,
+he mrtotenasee of sdegatte issursncel or the reali:atios epos dtt Collsteal. Holder is anthortzed t.. a any time nad (tom ume
time asy or ell of such e:peoaes. add t?e amount ~f sacb payaeat to Ibe tmotst of the lndebtr.lr,c.r ..nd narRe interest thereon
the rate specified bereie with reapeel to the pnnctpal amousl of this (dote.
The securiq ri~rts of Holder ud its tsaipa heteuoder shall sot be impaired by Holder's sate, n. p: is?-c .!r:,n or rrhyputAecation
,r any cote of the usdersiBtsti or uy item of the C.u'latenl, or by asy isdulgence, including but me .•d ia1 ar,y resrwal, a:-
:-o+ion, or modificuios whirl Holder may 6raat wu1. rr+pect to the Indebtedness or asy part th~rer.f. ;1~ dn~ Yurrender, eomprc-
• use, release, renewal. eatessios. ettchsage, or sub•:ruutios which Helder ,ray srsnt is respect o! the C~.1:'a+-tai, or Ic1 any indul-
F~ace wanted is respect of asy tsderaer, attaraator, err +urety. '1be psrcbtset, astigsee, traasleree, ar pled,tee of tht+ Note, the
~ ollateral, ray attaranty, and any other doesmeat (or aov of them), sold. sssiped, trnalerred, pledged, or r••Fledsed, shall (orthM ~
'.~rome vested with tad entitled to ertereise ail the noMert cod rir?ts give¦ by ibis Note sad a!1 applications of the ooder+igned tc
i!older or SBA, as it said purchaser, assignee, ttua~ler.•e, or pledgee were ori`inally ,,marl as Paver ir, this \ote and is +aid app.
•.~cion or applieatioss.
Tht+ promissory note rs Given to secure + Iran ~h;• h 113.•1 malctag or in which it 1•..rur,patin~ er.d: pursuant to P• rt If, l ,,t
ih~ Ra{es apd Regylatioss of SRS (13 C.F.R. I01 1':1;1. Chic i^vtrument is to 6e cotstrurd «r+d '~h•~rt cH.~ .S the Ho'.der r.~ a per»'
n toter++tl enforced in accordance with applicabl. t r• ~cral 1~..
i
I
I
I
I
if
t
i
i
i
t
E
E
pF
i
F
L
t
p~
C
i
i
i
Ted H. .'~rnolt3, !%!~3/A
ArnoZds C~~r~~~~•
~ ,
~
;
t
s
z
"s
t
i
I tic~te.-Corporate applicants mu!t e~ecu:r dote, ;s rorporat~ name, by duly aut~ „r~, n n'!~• • . ~ • u+: ?.e allied and du!.
stt.ited: partnership appluaat+ must crrru!t• dote to i,rtn name, whether with +i~ra:~rr.- 1 •r • •a' .
,t„~ fORM r.7 . ~ t~, s~~~~U4 ~~~19ii 0..r 2 s
i' v a s;avr ,strati r mw r , vc, v' r ~,:f l
~~t ° ~ - r r
't -