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HomeMy WebLinkAbout1442 • - • 1I.S. SIAiII atilMii A/fllMiiMsdM is>I? LOAN MtMlsiti h ~ NOTE Eott »•ia=Od« i''lOrids . ICiq sad Stnte) ~ . R~eA[fA~M - Ibate) ~ti~' ~ . Il-~ - i t i i For ralae received. the awdersipted prosiaea t• par to ce order of w~ fl~t,K ~ ttlf[~>t~ oot~lY - IPtgee) at its ettice h the ciq of Il10it ~+~=per .State of s~.~..ea~ er at holder's eptiow. at wdt over place u tar ?e d!esi~ated Gw~1 tiro to lira ee fielder } dollars. lAria owl arowat) i i rith hterost a wwpaid prheipsl cerpneed boat ce date of eeeh advance to the aadersi~ted et dte rate ol... j,~.~_ purest per anttstn. parasol to t»f rode i• iwsullrewta a blhtra: i s Installments, incltadiny fcincipal and intertast, t~rxh in the at~rtou~t of s S , gayat~le monthly. beginning ( 1 I Florntti~ ftYxn • date, each said int;talLltent to bt: f 1rsG t~plied m interest aoctned too tl>e date of receipt of said installrztEnt, an:] the t~lanoe, if any, to principal, and tt?e baldure of principal anJ inu:i:+est payable m or cef~~m 8) years Eton date. { i E l Pprtaent of ur iasullseat of principal or iateeeat orhs a cis Note tar be rode prior a ie raMrig 4te cereot rithaat penaly. _ 'tf~e lets "IadeMedness" as ssed hercia mall sesw the hdahtedwess evideaiced ~7? cis Nate. hclwdin` principal. hterest. and expenses. theist contingettt. nor des erherealter t• heeente dwe awd rhecet hereNtate K eanlerperaneowslr hererith or hereafter contracted. 71te tens "Collateral" u wsed L cis Note shall tea awy finds. in.n.ties. K ether property « ri~tta therein of apt natwre whatsoever or the proceeds thereat rhidt way have heea. are. or heteatter tar he. hypothecatd. directly er iadircctlr br the aoderaiBted er odten, h eoaweetion rich. er u aeariq br. ie IndeMsdtteas stoat part thereol. 'rate Celbtet- al. sad each part thereof. shall ascots ie hdehtedneu sad each part cereal. 'IUe eevawta sad ceadiliou set tore at teterrd ~ ! io is say and all iastraweats of hypedtecatiow oowatiaths ce Collateral are he,eky heorpetated is this Note as coraaets sad conditions of the sndersisted rith dte save brace attd efleet as coeds sac` covenants sad cowdilioas rare tally set brc hercia. 'tfie ladebtedness shall istaediatelr becose doe sad psyablr. rithont notice a derand. span the sppohtrewt of • receiver of liquidator. whether roleatary of iwvotentsry. br ce enderaiitted or for Mr of its property. er wpw the liline 01 a pelitiow ~ or against the enderai~ted under the provisioaa sf u State iasolreacy tar or awder ce provisiews of the 8aakraptry Aet et 1898, as amended. or epos the sakias br ce wwdersi~te+ of as assi8ttseat to? tke benefit of its creditors. Holder is atho?ised to de- dare all or say part oI the IndeMedness irsediatalr des sad parable epow the happening of say of the follorh6 events: (t) 1''vilere to pay am pan of ce ladebtedness wha doe: {2) noapettorsance br dye adersiNted of am n6reesent rich. or atiy con- 3 po br. Holder or Small Besinesa Adrinistration (hereinafter called "SRA"). or either of Cheat. tic rcapect to the la- ditioa ire sed r ~ debtedneas: (3) Holdet'a discovery of ce enderaiNted's tsilere is oar appli~•atiow of the ewder+i~ed to Ilolder of SHA to disclose ~ oar fact dewed by Holder to be saterial er et the rakhg cerein or in am of the said sgreesents. or h ur attidavit or other doe- " ume>.tasnbaitted in couectioa tic said application or the iadebteJlteas, of oar sisreprcsenution cry, on beh.lr er, or (or the bone- tit of the esdersi~ted: ld) the reorgaeisation {ocer can a reorAaai:ratios pnrsnaot to oar of ce provisions of the Baakraptry Act of 1898. as aoesded) or verger or consolidation of the aderaiAted (or the sakine of oar aareentent cercfor) ricoat the prtor rritten consent of Holder: (S) the ewdereiBted's failrro a.ly to accusal. to Holder's satisfaetion. at sech rise or rises as Holder tsar re- quire. br oar of the Collateral. or proceeds cereet. carin8 into the control of ce esderaisted; or {6) the hstitetioa of any wit sttectinR the aadersiilted dewed br Holder to affect adversely its interest hereunder h the Collateral erothewise. Holder's fail- rare to exercise its rights ender this para8rsph shall nolcanstitete s raiver thereol. . aooK 3~ PAcE X440 ~ SYA FOttM 119 (~.r7) R' v0 SIO-t P11[VlOtls EDITIONS ANO SBA FORMS 1S4. 7SiA. 5110 ANO 5110A ARE OBSOLETE