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80006540
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80006540
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Last modified
1/14/2010 2:49:37 AM
Creation date
1/14/2010 2:49:28 AM
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DEEDS
Inst Number
80006540
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~3(~--~(}f1~5~~ <br />v ~ rsf .as ~- u <br />In caasideration of Saall Business Adaiaistratinn (SBa) approving a loan is the <br />asrtunt of 3 16.40D.OO and to induce SBa to disburse said amount to <br />R~t~;.d r._ =~;~_ana >•~,..s$e a u; rah:.aha„~ na w~f~ (Borrover3 <br />the purchaaer9 named in as Agreement dated ~euG R t~ian covering-real <br />estate described therein as: see attached <br />wherein Raymond S. Shandera and F,IGie i,. Sha.^•dera. ints'.:and and wiFn- <br />is named° as Seller, said Horrowar does hereby assi3n and set over to SBa its successors <br />and assigns, ali'thsir right, title and 'interest in and to said .~-greement. <br />TO Ha4E ah'D TO HOLD t::e same from the date hereof during the [eras of cha loan <br />referred La above, as collateral security for said- loan, subject co the following Germs <br />and conditions: <br />1. Borrower shall at all times hold SBa, its successors and assigns, harriless- <br />from any such obligations and from any and all liability which may at nay time arise <br />from said Agreement. <br />2. grower agrees. chat- they shall not have the power to and will not-modify or <br />tsrmizsate the above described Agreement except bq payment in full, without prior <br />written consent of SBA. <br />3. Ia the event of any default on the part of Borrower on the Note to SBA or nay <br />extension or renewal thereof, ar any athsr obligation or agreement made in connactinn <br />with the afaraaaid loan, SBA without notice, may enter into and take poasesalon of said <br />prsmissa. <br />4. SBA shall not, except in cha event that is takes possession of Harrower premises, <br />be under amp obligation ai any time co perform any of the obligations and duties of <br />Sarrower and shall not be bound by-any of the terms, conditions, provisions and covenants <br />which may be binding upon Borrawar under the above described Agreement. <br />5. Borrower agrees to extend said-option_ia the Agreement contained-from math <br />to month as required by the terms and conditions of said Agreement sad in the event the <br />option is easreisad and;Bosrowes pur~chsaea said. property, thep will forthwith execute <br />a first and prior mortgage oa said:propertq to- SBA. <br />Datesi ~Q - 02 ~ , 19 ~~ _~'~~~ <br />-c~!/ v' <br />~~ <br />ichard C. Riser <br />Etmageae His his wife <br />STi1TE OF NE$~ASEA ) <br />Ct)UNTY OF~fi ) ~t <br />On thia~day of N ~ 19 ~~, before ma, the undenigaad, <br />a ti~s~y Pniijt„~.n ggd, for Laid- Count~nd State persanal],y_appeazed <br />ca ms-teacwn ca tie the <br />and aaknowlmdged thac_ <br />#~9EAid #tiSARY - SfiFE at AtS',~;6a E <br />4'tAKLt !4. sl.tF t) <br />j dM, ~mm ..:K ,. £ebr 1542 <br />I, <br />~::4y commission expirms <br />.r, :'li't; f° ?_,~ ;__ :u#~- <br />in and who eaiec cad the foregoing instruo <br />the soma-aa_,voluntary act sad. <br />~''l fib /7 1~-~'1/ <br />NO~TAxY PiT$LIC <br />
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