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~LU_ ZES.tL .~.7.TIG?,'?~.+~~L Oi +~,GS°_L:L2:: <br />Zit conriderstioa of Saall Easiness Adainiatracion (SBA) aporoviag a lone ±a cbe <br />amosatt of 3 53 500. sod to induce SBA to disburse said aewunt to <br />SAX'S PIS ISLAND INC. (Borrows? <br />the pure s aasisd in as dgreemane dated A ust 4. i9s[l covering real <br />asters described therein as: <br />SEE ATTACKED <br />whernia KAZEL SCF4fID~' <br />La named as Seller, said Sorrowsr dose hereby assign and sat aver to SBA its successors <br />and assigns, all chair right, title sad interest in sad to said Agreement. <br />TO GAVE A.YD TO BOLD the same frog the date hereof dazing the terms of cha loan <br />referred to above, as coliaterai security for said loan, suh;eet to the following sscsee <br />and conditions: <br />1. Barzo~er shall at all times hold SBa, its successors and assigns, harmless <br />from any such obligations and from nay and all liability which may at say time ariee <br />from' said Agreement. <br />2. Borrower agrees that. they shall not h:va the power to sad gill not madifp or <br />.tasat#nate the above described Agseemsat except by paymene in full, without prior <br />writtsa consent of SSA. <br />3. In the event of nay default oa the part of Borrower oa the Note to SEA or nay <br />axtensioa or rsaawal thereof, or any ocher obligation or agreement made is connection <br />with the aforesaid loco, SBA without notice, nay enter into and take possssaioa of aid <br />presisq. <br />4. SBA ahail not, except i.r. the avant that it takes poaseaaion of Snrrowr pre~sas, <br />b! umiar any obligation at saq time to perform any of the obligations sad duties of <br />Eorraaur and shall not be bound by nay of the tags, conditions, provisioaa and coesnaata <br />which slay be binding upon Horrower uadsr the above described Agraem,~t. <br />5, Boxrowar agrees to extend acid option is the Agresment Contained from month <br />to month as cequirad by the terms and conditions of Bald Agreement sad is the event the <br />option is exarciaad and Borrower purchases said property, they will forthwith execute <br />a fuse and pilot mortgags on said property to SEA. <br />Dates f/ - -<b , 19 ~~ SAX'S PIZLA OF GRAND TSLAi\D INC. <br />_ 8Y: <br />vW ~ ~~~ ~i~t~~~Y~ <br />~, S, PRESIDENT <br />' R ' <br />9TA1E Ot NES1tASY,A ? <br />SS <br />cawen^sr tsF ~ ~-~ <br />O4 this 4Z4 day of `7//o-.~-...~t=- 19 ~ before me, the uodersigaed, <br />a Notaay Publin in and far said C,~ounty and,Staes personally appeared <br />sad sGlwowlsdged that ~t~_axacutad t~ same~,y__.~_voluatary act and <br />deed. <br />(S$AL) ~C-<.>-. ~;~ ~` x'_43--. <br />NQTAfiY PCJELIC <br />~ coioiesioa axpiria <br />err ~ sw. a. Seat <br />~ ~ <br />