201505512 - Laserfiche WebLink

Browse

��1 5�5 51 � Wh�n Re�arded Return To: SBA L�an Name:FREDDY'S FRUZEN CT�STARI]�GRAND SBA Laan Number: 45�3645�07 Lim�ted Power�f Attorney Ta Prepa�e � Execute L�en Re�ease In�truments FR�I�IT�ER FINAI�TCIAL PARTNERS, IN��RP�RATED is a Certifi�d Deveiopment Company�"CDC"}, certif�ed by the United States Sma�l Busine�s Administrat�on �"SLA"} to par�ic�pate in the SBA laan program designed tfl help sma�� busxnesses f��lance the purchase or constructxon af a �ong-term fixed asset �`4Asset"} such as rea� �sta�e, buiidings, and equipmen� ��he "5 D4 I'rogram"}. In a�cordan��with 5�4 Program ru�es, CD�used the pr�c�eds af a debenture guaranteed by SBA�"De�enture"}to partia�ly fnance a borrower's pur�hase of an Asse��the "CD� loan"� whi�h i� secured by a lien on the A�set and�ther�arrov�er propert�as deemed appr�pr�ate by the CI]C �the �ien an the Asse�and ather barrower praper��s hereinafter referred��c�llec�ively as"Liens�'}. In �onsideration of SBA's guaranty �f�he �DC Debenture, �D�, among other th�ngs, �� assign�d to SBA the Liens and the note underlying�he CDC�oan and�2�agreed ta continue to ser�i�e the CDC�oan. Borr�wer has paid the CDG�oan in fuil as evi�ienced by a n�t�ce from�Vells Fargo Bank. SBA hereby au�horizes�DC to,as either SF3A's a�ent or att�rney-in--fa�t, prepare, sign, file and or record on 5BA's behalf, �vithou� SBA's re�ievv and ap�rflval, dflcuments necessary to release 5BA's l�en interest in the Asset and any ather�orrower or guarantor praperty se�ur�ng�he repaymen� of this loan upan which�h�agency has a lien�r securi�y ztaterest. SBA h�reby authori�es the CDC to s�amp the�ote as``�aid�zn Fu��", if required by laGal 1aw,rule or custom. � SBA, as prin�ipal, further autharizes CDG nffic�rs authori��d�o sign documents on behalf�f�he �D�, as attorneys-in-fac�, �a sign and file and ta re��rd ��.en r�ledse� in connection wii:h�:he subject Ioan as we11 as rnake d��ivery t�the party legally entitled thereto. This author��ation daes not limit in any manner the du�ies, obl��ations, and responsibilities af CDC to SBA and the authorizati�n ma�r be resc�nded�n��riting a�any t�rne in the sole discr�ti�n�f SBA. ADMINISTRAT�R,UI�ITED STATES �MALL BU�I�iES S AI�MINI�TRATI��, .I�,.N AGEI�TCY�F T�-IE UNITED STATES �� � � . � �- � By° � Date. � Gia Ari as, Loan Serv��ng A��istant � � �� ��