HomeMy WebLinkAbout2240 . .
=°~s~-ssa~ - ' 1~ ~ • - - ~ . $ <PLC..a..=.;..:sr.3:.~.~,......_~. = ~ _
• U.~. Stnsli 8us,it>!ss Administration - -
-
' Upoq the aoapayweat of tae Isdebtsdaess. or nay pan thereof. when dun, wsetber br ace~eleratioa or otherwise. Holder is eopow-
rred .to seq. assign, acrd deliver tsa whole or nay part of the Collateral at psblic a private sale, witMwt dentwd. advertiaeracnt or
notice of tAe time or place of ule or oCasy adjosttweot thereof. wales ue 6eroby espresaly:waltred. Atterdsductisg alt s:pessss
iscideptal to or orisiag Iso+s snob sale er sales. polder may apple ire t~ ;idoe of the proceeds tstr~ot is tae payntetrt of dts tadsb-
tednens. as it shall deem proper; retuning tae a:r<esa, it atty. to t?s na ~cnisred• '(se uadersi~ted baroby naives nil right of re-
dcaption or appniae~eteat wrsther Mtont K after sale. • ~ -
Holder is httrer espoweced. to collect er Gauss to be collected or otherwise ro be cwrerted into trosey all os py part of tat
Collateral. `jr pit or otherwise. atra so ssrresder, compromise, eelesse. resew. ~ttlesd. a:dtatse. or ssbstitata ass itsat of the Co)-
latera) is ttaasaetiotra wiry tiro gdersiptd or ary third party. itteapectiva of aAy assipmest, tbrreot by t)te pdersipted. attd wi~i-
art prior ttotics a or. ouossst•e( ire saisrsipina ar nny anstpee. s*e.er say itatn a the Cellstenl shall ant La paid cases due, _
or otherwise shall k Iz ddalt, wretkst or sot fro iadebtadsetta, or sty part tbsreot, saf< becoats dire. petder snail lava the setae
rigsis sad powers with respect to atob itsn of the Colisuret as are granted is ra:speet drereat is this pangnrps is ease~ot aonpay-
meet of dts ladebtedaess, or assr earl thereof, fusers daa irwe of the rigsts.. resedies, privileges. er powers of polder expressly
provided tar rerein shall be exclusirte. bet tad of them stall be cuautlatire with ad is .ddiuos w every otter right, remedy. privi-
legs, s#d power sow or,ketgher tsistisa itt favor of polder; witet?br at la+r or is egsitr, br atatate or otittrwise.
Tye adetsi~rtd • ~s e4 tats all eecessary steps to administer supervise. preserve, sad protest ire Collateral; asd regardless
of any action fates b!' older'. Isere shall l>a Ito dsty upos_ polder is ~is respect. 'itie unttenigaed aseti pay at) a:peases o[ _aay n:=
cure. wketser inarrad in or oat of oosrt. end wsetser ineorred before or after this Note ebalf become dye at its maturity date or other-
w•iae. iacMdieg hot not liarited to ressosable attorney's teen sad costs, irrick polder say deem aeces:utry or proper is cwnaectioo
M~ith ire satishction of the Indebtedness or fire admiaisintios. snpsrvisioa, ppreoervatios. proteetioa of (iuclndiag, bnt set litwited co,
the maiatesasee of adequate inseratce) or tie realization upon the Collatenl. polder is sotsorisad to pay at ear tie sad from rise
to time nay or all of such expenses, add the ataount ot, pek psyseat to fire asoost.ot the Isdabtedness, sad charge interest thereon
at the me specified revels wits respect eo ire prinoipsl arnoust of tris Note.
The secsrity ruts of polder ud its assig~a serenader shall not be iapaired by polder's sale,hypotheeation or rd?ypotbecation -
of any note of tae osdersigoed or py item of Ise Collateral, or by say indulgence. inclodiag brat not limited to (n) say renewal, ez-
cession. or soditication which polder may great with respect to Ike Indebtedness or nay. pan thereof. or (b) any prrander, coatpro- .
mine, releas. renewal, eaensioa. exehasae, or snbstitutios whidt Holder say grant in respect of tat Collateral, or (c) a,~ isdol--
Reace granted is respect of nay eedorser, grataator, or suety: Tae psrohaser. assignee, iraas[eroe. or pledgee o! this Note, ese
Collateral. any gsaraaty, nad nay other docetseat (or say ~ot_tsem), sold. sssigped, transferred. pledged, or repledged. snail forthwith
become rested with sad entitled to a:excise tit Ise powers asd rigttta given by faits ~lota sad all applications of tae undersigned to
bolder or SBA. as ii said psrdtaser. sasigaee, transferee, or pledgee were originally eased as payee in this-Note sad ie said apple
cation or_applications.
71tia promissory cote is given to secure • loan w6itdr SBA in sa)<iag or in which it is participating and. pnrssant to part 101 of
the Rsles and Regulations of SBA (l3 C.F.R..101.1(d)). tris.iastnmeat is to be coestored and (wsea SBA is the Holder er a party)
in interest) enforced in accordance wits applicable Federal law.
WITNESS the seal of the corporation an8 the signatures of the duly authorized officers.
FLORIDA CEILING AND PARTITION, INC.
i~ p
President
• ATTEST--~
Secretary
(Corp. Seal)
Note.-Corporate appiicaats meat execute Note. is corporate nose, br dnlX authorised officer, and seal must be attized and duly
attested; partnerssip applicants soar execute Note in firm creme. together with sigaatsre of a grserai partner.
eawt~~