HomeMy WebLinkAbout1437 V.s. sfMi~~ d11t~Mti ~~w{t~it1M
Upon Ike soapapsat et the ladebtedaess. er any part tkeres/. tykes doe. wketket Ip acceleratiss K odterwise, Holder Is erapow-
ered to soli, asaipt, sad deliver tke wools K say part of tke Collateral at pablic or private .ale. wit?ont deataad. adr.rtiooeleot or
notice et tks brae or plaeo of wle w of asp sljosttrwest tkorsot. trtlleA errs korobp exproaslp waived. After dadsetiat all sxpsasea
incidental N a arisist Iron rod N{• w ides. Holder rosy apply dre tesidae of tke proceeds tkereot to dte pap~est of tke ladeb-
tedaeu. as it altall dooms prspar. robrsMt Ike ,coos.. it sq. N tks rrsdarsiited. 71te ssderaisaerd kerabp waives all ri~tt of re-
de.ptios or approlaewont w~stbsr Moto s* spar aslo.
Holder is brtkor e~pswatsd. a collect sr ewso to N allotted or edterwise q ba cssverted into wosop all or asp prt of tke
Collateral. blr wit at otltstwiw. sad to wnesder. exwptorafae. rolessa. renew, extend. oxokanp. er wMtiwte asp items of tke Gol-
I.terral M trauetiess wilt, Ibs snder.i/tod et onr Ikid party. i~poctiw sl any anal oral Ikeroot kq tks pderai~ted. sad witb•
oot prior notice to at oasaMt of tke wdarsiptad err sap auisroe. iYwswr wy ito~ of tka Collateal aksll sot ke paid wltea dse.
or otkerwlse akall be b detwlt, wltodter w wt •o Mdebtedness. K snp part tkesroot. kern be:ca~e doe. Holder skall kave tke same
riditts and powers wick toapeet N wok fte., of Ike Collateral u errs pasted iA ,aspect dtereot Ia tkia parapap? L ease of ttoapap•
meat of tke hdebteiess, or r~r part tberoet. tykes doe. Nano of dts d~tts. to~edies. prlviletos. or powers of Holder a:presslp.
protridrd for keroin akall be exclaaive. bat cad of ,kern akall be pstslatire wltk sad h addition to awry otker rl~b rescdp. prrri•
lei, sad power sower kereatter existint i• bwr et pellet. wkotlter al law K b e~aiq. by statate e< otkerwise.
'lire aaderai~red strew to take all necessary wteps to adiainiste!r. wpetviae. proaetve, rod protect tke Collateral; ud ro rdlesa
of asr actloa takes by polder. Ikera sksll be ere dstp apon Iloldet in tkia respect. 71te aadersitaed shall pay all expenses o1 say aa-
tu rte, wbetltet inexrrted is of wl et ocean. and wttetlter iantted bekro of shot tkis Note altall ?ecowe ie at ils •atatitp date or otker-
wise. incladlst bat sot (iwited to ressoaakle attorsery's fees sad costs. wlrid Nolder rasp deew necessary or proper i• connection
with tke watistactioa of tke ladebte~ess er Ike aiiaistratioa. wpervisioa. atfw. protection at (incladist, bat sot limited to.
the maistaasce of adegaate inwraace) or tke roali:sties spon tke Collaterra . polder is aatkorised to pap at sap tine attd frow tiwe
1o tiwe asp or all of rock expenses, add tke swears, of sad papraest to dte ataosnt of the ladebtedness, ud dsrte interest tkereww
al the ra/e apeeitied kerois witk tespeet q tke principal awoaat of tkis Note.
71e seariq ri~tts of polder rod Its asaips keropder skall sot be iwp.ired by Holde*'s ssle.kppotkeatios .r reltppotkecatlon
of sap sole of the ttsderaiired or sap itew of lke Gllateral. or kp asp rda16esce. incltidiat bat not li~rsited to (a) asY renewal. ex-
tmwion. er atadilieation wkld Holder stay past wick tospsct to tke Indebteiew or wp p.rt tketeot. or lW snr wtrosder. e:owpro-
mise. rolease. rosewal. extension. exdrte. of wbstitation wkiei Holder sup tract is rospect of dte Collateral. or (c) any iadal-
6eaee panted is roapect el asp esdorser. parantot. or wrory. 71s pstdtaser. assiBtee. trwstetee. or pldt'e of tkia Note. tke
Collateral, sap Araranry. and aq otltet doe>.atant lot asp of Ibest), rld, aasiitd. traastcrred. pledted. or repldted. sball tottkwitk
bcceua veatd wick sad entitled N exeroiw all 1?e powers sad tutu tires ip tkis Note sad all appliatians et tke asderaitaed to
Noldet a SBA. as it said psrdaser. sailptee. trsnsteree, or pledtee were otitiasllp sawerd u payee i• ,Ilia Nste and is said appli-
cation aappli~ations.
71tis prowisssrp note is fives is septa • loan wkid SBA is stakiat or in w?id it is psrticipatina coal. psrsaaat to part 101 of
the Rsles and weBrlations of SBA l13 C,P.R. IOl.ll~)). skis bstrswest is to be constaed and (wben SBA is tke Holder or • party)
is interest) estareed in aeardasee wits appliaNe t!ederal law.
i~tl'T10t8a too Coal o! tAi aospo~alLos anti ttto sigssabures of !La duly ovithosissid ottioass.
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Note.--Corporate applicants roast ertesote Note. is corporate name. by d¦Ip wtkorixerd officer. rod seal vast be sttixedead dslp
attested; psrtanakip spplicaatR roast exee:ate Note i¦ lirw satyr!. toRetker wick siBratare of a tesetsl paruet.
SBA FORM t., t.~) ~P~.~.».. g~K320 ?A~E1435 .,,a~ _ ~
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