Laserfiche WebLink
When Recorded Return To: <br />SBA Loan Name: J.C.D.H, Inc. <br />SBA Loan Number: 4768135001 <br />Limited Power of Attorney to Prepare & Execute Lien Release Instruments <br />20180298q <br />NEBRASKA ECONOMIC DEVELOPMENT CORPORATION is a Certified Development <br />Company ( "CDC "), certified by the United States Small Business Administration ( "SBA ") to participate <br />in the SBA loan program designed to help small businesses finance the purchase or construction of a <br />long -term fixed asset ( "Asset ") such as real estate, buildings, and equipment (the "504 Program "). <br />In accordance with 504 Program rules, CDC used the proceeds of a debenture guaranteed by SBA <br />( "Debenture ") to partially finance a borrower's purchase of an Asset (the "CDC loan") which is secured <br />by a lien on the Asset and other borrower property as deemed appropriate by the CDC (the lien on the <br />Asset and other borrower property is hereinafter referred to collectively as "Liens "). In consideration of <br />SBA's guaranty of the CDC Debenture, CDC, among other things, (1) assigned to SBA the Liens and the <br />note underlying the CDC loan and (2) agreed to continue to service the CDC loan. <br />Borrower has paid the CDC loan in full as evidenced by a notice from Wells Fargo Bank. SBA <br />hereby 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 interest in <br />the Asset and any other borrower or guarantor property securing the repayment of this loan upon which <br />the agency has a lien or security interest. SBA hereby authorizes the CDC to stamp the Note as "Paid in <br />Full ", if required by local law, rule or custom. <br />SBA, as principal, further authorizes CDC officers authorized to sign documents on behalf of the <br />CDC, as attorneys -in -fact, to sign and file and to record lien releases in connection with the subject loan <br />as well as make delivery to the party legally entitled thereto. <br />This authorization does not limit in any manner the duties, obligations, and responsibilities of <br />CDC to SBA and the authorization may b- rescinded in writing at any time in the sole discretion of SBA. <br />ADMINIST' . TOR, UNITE �- ► S <br />ALL B ` • ION, <br />AGE i T`: T S <br />„fil <br />Iticra <br />D'cpu .y Jai x . <br />0 /06/18 <br />(Date) <br />3167 07 -616 <br />