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201400698
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Last modified
7/20/2017 10:15:46 AM
Creation date
2/6/2014 4:22:42 PM
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DEEDS
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201400698
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2� 14� Q � 98 <br />' VVhen Recorded Return To: <br /> SBA Loan Name:GRAND ISLAND MOTEL DE ELOPMENT <br /> SBA Loan Number: 5163773004 <br /> Limited Power of Attorney To Prepare & Execute Lien Release Instruments <br />� NEBRASKA ECONOMIC DEVELOPMENT CORPORATION is a Certified <br /> Development Company ("CDC"), certified by the United States Sma11 Business Administration <br /> ("SBA"} to participate in the SBA loan program designed to help small businesses finance the <br /> purchase or construction of a long-term fixed asset ("AsseY') such as real estate, buildings, and <br /> equipment(the"504 Program"). <br />� In accordance with 504 Program rules, CDC used the proceeds of a debenture guaranteed <br />' by SBA ("Debenture") to partially finance a borrower's purchase of an Asset (the "CDC loan") <br /> which is secured by a lien on the Asset and other borrower property as deemed appropriate by <br /> the CDC (the lien on the Asset and other borrower property is hereina$er referred to collectively <br /> as "Liens"). In consideration of SBA's guaranty of the CDC Debenture, CDC, among other <br /> things, (1) assigned to SBA the Liens and the note underlying the CDC loan and (2) agreed to <br /> continue to service the CDC loan. <br /> Borrower has paid the CDC loan in full as evidenced by a notice from Wells Fargo Bank <br /> and a note marked by SBA officials as "Paid in Full" in the passession of the CDC. SBA hereby <br /> authorizes CDC to, as either SBA's agent or attorney-in-fact,prepare, sign, file and or record on <br /> SBA's behalf, without SBA's review and approval, documents necessary to release SBA's lien <br /> interest in the Asset and any other borrower or guarantor property securing the repa}tment of this <br /> loan upon which the agency has a lien or security interest. <br /> SBA, as principal, further authorizes CDC officers authorized to sign documents on <br /> behalf of the CDC, as attorneys-in-fact, to sign and file and to record lien releases in connection <br /> with the subject loan as well as make delivery to the party legally entitled thereto. <br /> This authorization does not limit in any manner the duties, obligations, and <br /> responsibilities of CDC to SBA and the authorization may be rescinded in writing at any time in <br /> the sole discretion of SBA. <br /> ADMIlVISTRATOR,LTNITED STATES <br /> SMALL BUSINESS ADMINISTRATION, <br /> AN AGENCY OF THE iJNITED STATES <br /> BY _ h� <br /> �e �Triailn 1V��rtin (�ate) <br /> �:tFCLSCtem�af�f3{f"4�P1�'IiLh�feases`�do�c 3"E 9i2c��7 v9 <br />
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