Preview
FILED: ONONDAGA COUNTY CLERK 04/19/2024 01:46 PM INDEX NO. 004127/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/19/2024
"A"
Exhibit
Promissory Note/Security Agreement/Personal Guaranty
.
FILED: ONONDAGA COUNTY CLERK 04/19/2024 01:46 PM INDEX NO. 004127/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/19/2024
THIS IS A COPY Page 1 Of 3
DocuSign Envelope ID: 982717B9-80DC-4BBE-9565-86D60AEO6424
This is a copy vieW Of the Authoritative Copy held
(SolePropdetorship)
AGREEMENT
FINANCING by the designated Custodian
PROMISSORY AGREEMENT/PERSONAL
NOTEfSECURITY GUARANTY
No.·
Agreement 1059610
COMPLETE NAMEANDADDRESS OF COMPLETE OFGUARANTOR
NAMEANDADDRESS COMPLETE
NAMEANDADDRESS
OF DESTOR
CREDITOR
BankersHealthcareGroup,LLC LeraMiraflores LaraB.MiranoresdlblaLeraB. Miraflores,R.N.
19234W StateRoad84 767AHenDdve 767AllenDdve
DavieFL33324 Corona,CA92879 Corona,CA92879
(800)990-8401
ThedateofthisPromissory Agreement/Personal
Note/Security Guaranty "AgreementWs
(collectively areasreflectedabove.
thedateofexecutionnotedbelow.Theparliesandtheiraddresses
FORCOMMERCIAL PURPOSES ANDVALUERECElVEO, Debtordoesherebypromiseto pay to Creditoror Its Order,at the addresslisted aboveor at suchotherlocationas otherwisedesignatedby
Creditor,thetotalsumof OneHundredSixty-FiveTitousand,OneHundredThirty-TwoDOLLARS andTwenty-FourCENTS($165,132.24), whichrepresentsthetotalofpayments of principalplusinterestdue
andwhichwillbecomeduehereunder fromIhedateof fliisAgreementuntilthematuritydateof thisAgreement, whichsumsshallbepayablein montNyinstallments, assetforthin theAddendum hereto,wNchis
incorporated Inadditiontothe10181
hereinby thisreference. sum of payments D ebtor
d oeshereby prornise
t o pay p
interest ayaNecomputed dailyonthe p
outstanding balance
rincipal of theAgreement determined
asofthecloseof businessoneachday,commencing onthefundingdateandupto one(1) monthprior10thefirstpayment date. Interiminterest,whenapplicaNewill bedueandpayaNeonemonthpriorlo the
IventhlypaymentandwillbedeductedfromtheamountfundedtotheDebtor
firstscheduled
PAYMENT(S) INTHEAMOUNTOF BEGINNING
ON
THE PAYMENT COMMENCEMENTDATE WILL BE
84 $1,966.86 REFLECTED VERBALVERIFICATION
ONTHERECORDED
FORM.
I
PREPAYMENT: PURSUANT TOTHETERMSOFTHISNOTE,DESTORHABNORIGHTTO PREPAY,INWHOLEORIN PART,FORTHEFIRST24MONTHSOFTHISCOMMERCIAL
LOAN.CREDITOR,
SUBJECT TOTHETERMBHEREOEUPONTHEREQUEST BYDEBTOR,WILLAMENDANDMODIFYTHEAGREEMENT SOABTOALLOWTHISCOMMERCIAL LOANTOBE PREPAID,INWHOLEOR
IN PART,AFTERTHEFIRST24MONTHS.
INTHEEVENTOFA PREPAYMENT DEBTORSHALLPAYOUTSTANDtNG
UNDERTHETERMSOFTHISAGREEMENT,
PERMtTTED PRINCIPAL ACCRUED
BALANCE, ANYMODIFICATION
INTEREST,
ANDAMENDMENTFEE, ANDANYOTHEROUTSTANDING
FEESOWED.
AUTOMATIC PAYMENT(ACH).All paymentsin accordance withthis Noteshanbe madeIn theformof an ACHtransferdirecGyfromthe Debtorsbusinessaccount.,TheDebtorstil!minaganof an ACH
withouttheCreditorspriorwilitenconsentshallbeconsidered
authorizaUon aneventofdefault.ShouldDebtorterrninateanACHauthorization by checkor other
wAlttheensentof Creditor.tral deliverspayments
non-ACHfounof payrnent,Deb1or agreesto paya service,handngand accounting expensefeeto Creditorresuldngfromthe makingof a non-ACHpaymentinanarnountequalto lifteenpercent(15%)of the
payrnentthendue.
theterms.,
structureandconditions thiscuragnercial note DS
NOTE:PleaseepnsultyourCPAand/orAttorneyIfyoudonotunderstand regarding promissory
1. PROMISSORY NOTE (I have read a_D,gu_n_derstand that I am executigg a prom ory li 9 Initi
DEFINITONS paper.-'Instruments".
ˆquipment' usedor boughtfor use by DebtorInthettitlinessandall replacements, partsor additionsattachedor affixed10theproperty."Chattel
-inIangines-means all papertynowor subsequengy
and'acounis' shanhavethesamemeaningasdefinedundertheUniformCommercial CodeoftheSlateof Florida.an shaninclude"an accounts (including. anaccountsreceivaNe).
withoutIIgnitation.
generalinlangbles@ncluding. oppIractrighisandtaxrefunds)andanretumedor repossessed
withoutilmitagron, goods,allchattelpaper(including, withoutlirnllation,leases)andInstruments, andaNinterestsof
'Proceeds"shallmean proceedsof any characterwhethercashor
Debtorin ell guarantees,secuntyagreements andatherproperlysecuringthepaymentof performance of obligationsunderanycIthe foregorng.
non-cash. 'Inventory"meansanproperty,partsandaccessories acquiredthroughDebtor'sbu whelheror notaffixed or httsiched In whichDebtor nowhasor maysubsequently acquire any right.#deor
inierest."AccountsreceivaNe" meansanaccounts,agreements, drafts.ordersandchoosesIn a andotherIorrnsofobligadons nowor hereafterreceivedby or belonging to DebIorfor goodssoldby Debtoror
tosellor renderservices. will"
"Good meansthebenefitthattheDebtor'sbusiness acquiresbeyondthemorevalue
for servicesrenderedbyDebtorandalldghtsof Debtorearnedoryettobeearned undercÇmtracts "A"attachedhereto."AnProperty"meansall property
"SpecincProperty"
ofitscapitalstockandtangibleassets.asa resultofits reputation. meansat oftheIollowingproperty:AApropertyasdescribed onSchedule
of everydescripeon.
SECURATY INTEREST. DebIorgrantstoCreditora securityIntetestin anof lhoright,tilleandinterestof DebtorInandto AccountsReceivables, leventory,instruments, Equipment. Intangibles,Accounts,Chattel
Paper,GoodWin.SpedticPapertyandAll Propertyof DebIorandanproceeds1hereof the'Collateral").Thissecurityinterestis grantedtoCreditorby Debtorto secureperformance
(collectively, andpaymentof all
obligatonsandIndebtedness ofDebtorlo Creditorhereunder andassetforthhereirtDebtoragreeslo anowcreditortolilea UCC4 Financing Stalementin theappropriate state.
PAYMENT OFOBLIGATIONS OFDESTOR.Debtorsha(pay to Cretgtoranysumdueor thatmaybecomeduepursuantto thisagreement. Debtorshallpayto Creditorall amountsdueIntheformof cashand
negotaNeinstruments.Debtorshall)old theCanateral assigned toCreditorpursuanttothisagreement in trustforCreditorandDeblorshallpromptlytumovertheCollateralto Creditor.andtheproceeds thereof,
forapplicaGon againsttheindebtedness of Debtorto Creditor, Menrequested by Creditor Theorderandmelhod ofsuchapplicaMon againstt heindebtednessis to bein thesolediscretionofCreditor.Debtorshall
pay Creditor
o ndemand allexpenses I nchiredorpaid by Creditor in or
exercis'Ing proteceng i tsinterests,rightsandremedles u nderthissecurity plusInterest
agreement, onsucharnount atthemaxirnum legalrate.
DEBTOR'S REPRESENTATONS, WARRANTIES ANDAGREEMENTS. Debtor represents. warrants a ndagrees thataninforrnationsupplied andstatements m ade by Debtor i n anytinandal, c redit
o r accoun6ng
statement or applicanonforcreditpriorto.contemporaneously with,or subsequent totheexecuUon ofthissecurityagreement areandshallbetrue,correct,cornplete. validandgenuine.Debtoraulhorizes Creditor
to file,atCredtofsoption,aninformation or otherJnar)cingstatemenisDeb1ar shallpayattcostsof anytilingsof financingstatements orotherpapers,DeblorshallpayprIorto delinquency antaxes,charges,liens
andassessments againstthe Conateel andonDeblor's failuretodo so, Credilora t itsoption maypayany of suchitems andshan belhosolejudge, a sbetween Itand Debtor, o fthe or
legality validity thereofand
the amountnecessary to discharge)n4m.Suchpaymentshanbecomepartoftheindebtedness securedby this securityagreernent andshallbepaidto CreditorImmediately andwilhoutdernand,withinterest
thereonattheriiaximumregalrate. Debtorshal.atantimes,keepIheCdlateralfreefromanyadversellen,securityinterest.orencumbrance andingoodorderandrepairandwillnotwasteor destroythe CoMateral
or any partthereof;andDebIorwinnotuseotherCdlateralInvida9onof anystatuteor ordinance;andCreditormayexamineandinspectthe Collateralat any lime.whereverlocated.Debtorshallprovideall
documents necessary to perfect,protectandpreserveCreditor'sinterestsn the Conateral, IncludingprovidinganAnancing statements.Debtorshallnot.voluntarilyor Involuntarily, subjecttheCollateralor its
proceeds,or allowthe CoMateral or its proceedslo be subjectedto any interestof any transferee,buyer,securedparty,encumbrance, levy,execudon,attachment, gamishment or thini party person.Debtors
equipment, inventoryandchiefexecudve o fAces
andprindpal p laceof business shaltbelocated at the address setforthabove Deblorshall no0fyCreditorpromptly wilUng any changesin the locationof
in of
Debtor'sprincipalplaS of business,chiefexecutiveofteesor its equipment or inventory,includingany additionsanddisconlinuances.Anprovisionsof this FinancingAgreernent areincorporated hereinby
referenceandshallbeconsidered materialtermsof thisSecurityAgreernent.
EVENTSOFDEFAULT,Intheeventof default,timebeingoftheessence,theentinM amountofprincipalthenunpaidandallunpaidinterestshallbecorne,withoutnoticeor demand,at theopEcooftheCreditor,
immediately dueandpayableEventsofDefaultshallincludebutnotbelirrutedto thefollowing:(i) DebtorsfailuretopaylimelyanyamountdueunderthisNote;0i) Debtorniesorhasins6tutedagainstDebtorany
bankruptcy or insolvencyproceedingsor makes any assignment for thebenefito f all of the Debtorsassets,or a materialchangein theDebtor,a voluntaryor involuntary
creators;(iii) Debtorsellssubstannelly
dissdutionof Debtororthe6tingof a pehliontodissolvetheDeblor;( v) Debtorcommitsfraudormakesanymaterialmisrepresentagon in this Note;(v) Debtorfailstoabidebythetermsofthis Note;or (vi) Debtor
defaultson anynote(s)or olheragreernent(s)Debtorcurrentlyhas,or anynote(s)or agreement(s) DebtorInayhavein thefuturewithCreditor(vii)deathof a guaranger. Incaseof anyactiontakenandforsuitor
legalproceeding i ns1tuted
by theCredtoror any designeeto enforce thecollection o f amounts d ueunder ghe A
Financing greement and/ortherelated loandocurnents executedtherewith.aMcostsandexpenses
incurred,indudingreasonable attomeyfeesandcosts,shanbepaidby DebtorandforGuarantor andshallbecomesomuchaddinonal indebtedness assecuredby thisAgreement.
ofanEventofDefault,CreditorreservestherighttoincreasetheinterestrateonthisNotebythemaximum
AFTERDEFAULT,Upontheoccurrence
INTEREST underapplicablelaw.
interestrateagowable
TIMEISOFTHEESSENCE.Timeis of theessencehereofupontheoccurrence of anEventofDefaulthereunderCreditororitsassignsmayexerciseaNrightsandremedies providedforherein,andby law
dueandpayable,withoutnobceof default,preseniment
onthisNoteandallothersumsunderor inrespectofthisNoisimmediately
induding,butnotlirnitedto,therighttoinakeall principalremaining or demandfor
payment, protestornoticeofnonpayment or dishonor,or othernoUcesor demandsof anykindorcharacterexceptasspecitedherein.Debtoragreesto payallcostsof cdlectinganydelinquentpayments,
*
includingreasonableattorney fees,as permitted by applicablelaw,
LATEPAYMENT. IntheeventDebtorfailsto payallor anyamounttobepaidhereunder whendue DebtorwillpayCreditora latechargeequaltothelesserof (a) 10%ofthepayrnent thatis lateand(b)the
maximum amountpermitted by apphcable law.The1a10 costsresultingfromsuchlatepayment.
chargeis notinterestor apenalty.butratheris afeeto defrayadministrative WAlVER.Debtorherebywaives
presentment,notceofnonpayment or dishonor,protestnoticeof protest,demandandanothernoncesin connection withthe delivery,acceptance,performance, defaultorenforcementof thisagreement.The
Creditorshallnotbedeemed,byanyactofomissionor commission, tohavewaivedanyofitsrighlsorremedies hereunder unlesssuchwaiverisin wri1ngandsignedby suchhdderandthenonlytotheextent
speci#caAysetforthin writing Awaiverwithreference tooneeventshallnotbeconstrued ascontinuingorasa bartoorwaiverof anyrightor rernedyasto a subsequent event.Nodelayor omissionof theCreditor
toexerciseanyright.whetherbeforeoraftera defaulthereunder, shanimpairanysuchrightor shallbeconstruedtobeawaiverof anyrightordefault,andtheacceptance at any1rneby theholderhereofof any
pastdueamount, whether i nfullorin part,shallnotbedeemed lo bea waiver o ftherighttorequirepromptpayment whendueof any otheramounts t henor thereafter
dueand payable.
FILED: ONONDAGA COUNTY CLERK 04/19/2024 01:46 PM INDEX NO. 004127/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/19/2024
THIS IS A COPY Page 2 of 3
DOCuSign Envelope ID: 982717B9-BODC-4BBE-9565-86D60AE06424
This is a copy view of the Authoritative Copy held
TERM1NATION. Uponpaymentinfullofallprindpalandallinterestasprovidedinthisagreement,thisagreementshallbedeemedcancelledandlarmli 14141tlA 91Å l4141 iGOwhetherby
acceleration
orin duecourse,interestshanberecalculatedovertheactuallifeoIlheloanbasedupontheamountsouIslanding, andif thetotalamountofInteresttheretofore
paidexceedstheamountpermittedto
bepaidunderapphoaNe law,rule,or regulatonine#ectfromtimeto lime,theexcessshallbecreditedto Pdncipal,
orif suchexcessexceedsthePrincipalamountduehereunder. refunded10the Debtor.
DS
IL SECURITY AGREEMENT (I have read and understand I am executing a security agreement and acknowledge
that a UCC-1 Financing Statement will be filed in the appropriate state INITIAL:)
OTHERREPRESENTATIONS
ASSIGNMENT. Withoutthepdorwrittenconsentof Creditor,Debtorshallnot sen,leaseor allowanylienotherthanCreditorssecurityinterestagainstanIlemof CoHateral orassignanyof Debtorsobligations
hereunder,Debtorsobligations hereunder arenotassignable by operatonoflaw. Creditormayat anytime,inits solediscretion,assignor otherwiseIransferthisagreement or anyofitsdghtsorobligations under
thisAgreement, withoutnoticeto Debtor.If Debtoris givennotceof suchassignment. Debtorshallacknowledge thereceiptof the assignrnent in writingandshanthereafterpayanyamountsduehereunder as
directedin thenotice.TheriÆtsof theassigneeto amountsduehereundershallbefreeof any daimor defenseDebtormayhaveagainstCreditor.andDebtorknowingly. voluntarily agrees
andintentionally to
waiveandnotassert a gainst
any assignees any claimor defenseDebtormay or doeshaveagainst C reditor.All rightsandremedies o f Creditormay be assignedtransferredo r clherwise
esposedof edherIn
wholeorin part,to anypersonor to Debtor.
COMPLIANCE AGREEMENT.Forandinconsideranon oftheCreditorenteringintoandfundingthesumssoughtbyDebtorin connection withthesubjectAgreement andforcreditfacility,and¬nconsiderationof
thesubjecttransaction.
Debleragreestocooperate prornpuy itsagentsand/orassigns,inthecorrectonorcornple1on
withCreditor,, oftheloandosingdocuments, if considerednecessary ordesirableby Creditor
railecttheagreement
andforitsagentsand/orassigns,lo accurately ofthepadies.Debtorunderstands thatthismayincludetheexecutionofa replacement Agreeinent, a replacement SecurityAgreement. or UCC-
1 Financing tore1lecttheagreeduponterms,inwhichcasetheCreditoragreestoretumtheoriginalofthereplaced
Statements, documents to Debtor.In addition,Debtoracknowledges thatsomeor allof theloan
closingdocumentswereor mayhavebeenexecutedinadvanceofthedateonwhichthesubjectloanwasfundedandthat,assuch,certainoftheinformation setforthontheloanclosingdocurnents mayhavenot
beencornplete.Debtoragreestocooperate inthefilingofanydocumentation neededloestablishandmaintaintheDebtorscompany,LLC,dfb/aor anysuchcorporaleentityandallowsCreditortherighttoAlethe
sameonitsbehalf.
FORM4606-T:"REQUEST FORTRANSCRIPT OFTAXRETURN"FORM 882k "TAXINFORMATON AUTHORIZATION".Duringthetermof thisAgreement Debtoragreesthatuponfequestof Creditor,its
ofTaxRetum"ORForm8821:'TaxInformaUon
or assigns.DebtorwMturnishasignedForm4506-T:"RequestforTranscript
successors Authorization". andagreesthatCreditorits
Further.Debtoracknowledges
successors
andassignshavetherightto,atCreditors requestandreviewDeb1ors
discretion. ofTaxRetumor TaxInformation
Transcript Authoriza#on termofthiscommercial
during1he loan.
APPLICABLE LAWfJURISDICTION & VENUE.Thetermsof the FinenologAgreement andanloandocuments executedherewithshallbe governedby andconstruedInaccordance with e substantiveand
procedure lawsoftheStateof Florida,exclusiveof theprinciplesofconnictoflaws.VenueforanyacIlonbroughthereunder. shallbethechoiceof theCreditor.andshallbeIlrnftedto eEiher agaCountyNew
YorkorBrowardCounty,Florida.of. if theactionInvolves in astatecourtInthecountywhere
or is broughtagainsttheCoDateral, suchCollateral Creditors
is located.whererequiredtoenforce rightsasto or against
unlessCreditorselectsana ema1veforum. Debtoragreesto submilto thepersonalJurisdicDon
the Collageral, of theappropriatecourtin theStateof NewYork.Onbodaga nty or Stateof Florida,Broward
County.1brallsuchdisputes.Debtorexpressly waivespersonalserviceof processandauthorizes serviceofprocessonDebtorby registeredmailorcertifiedmailorovernight ryby a nallonaldeliveryservice
sentto Debtoa addressassetforthin theIntroductory paragraph or suchothermanneras maybeperrnitted
of thisAgreement underapplceblelay TheDebtorfurthersalvesaiyyrighttheDeblormayhaveto
Iransferorchangethevenueof anylillgationbroughtagainstDebtorby Creditor,therightlo interposeanydefenseorinoNonbasedonForumNonConveniens or Venue.andahydalmforconsequenUal. puni6veor
specialdarnages.
THEDEBTORANDALL OTHERSWHOMAYBECOMELIABLEFORALL ORANYPARTOFTHISOBLIGATON, JOINTLYAND SEVERALLY,
WAIVEANDRENOUNCE THEIRRIGHTTOA TRIALBY
JURYIN RESPECT TO ANY LITIGATONOR PROCEEDING,
INCLUDING BROUGHTBY ORÃ…GAINSTDESTORON ANYMATTERSWHATSOEVER
AS TO COUNTERCLAIM ARISINGFROMTHIS
AGREEMENT, THESECURATY AGREEMENTINCLUDED
HEREIN,ANDANYOTHER DOCUMENTS
ANDAGREEMENT EXECUTEDIN CONJUNCTzNWITHTHISCREDITTRANSACTSN, INCONTRACT,
IN TORTOR OTHERWISE.THETERMSOFTHISJURYTRIALWAlVERANDDESTOR'SAGREEMENT HERETOIS A AAATERIAL
INDUCEMENTTOCREDITOR TO ENTERINTOTHISTRANSACTION.
DEBTOR FURTHERWA1VES ANYRIGHTTOREMOVE ANYSTATECOURTACTONTOFEDERAL COURT. DS
(I have read and understand the applicable law, jurisdictionEenue ansI w..alyeMI. III L: )
NOTICE.Anynoticeto CreditorwinbeeAecNve onlyon its receiptby Creditor:Anyrequirernentof givingnoeceto Debtormaybe sent bymalNng or by na#onally
thenoece.poslageprepaid:byhand-delivery
recognized
overnightdeliveryservicelotheDebtorattheaddressstatedin thisagreement. DebtorshallbedeernedtohavereceivedanynoticepostedwiththeUnitedSlatesPostalServiceontheearlierof thethird
o f
(3d)businessdayaftertheposengof thenoticeor thedateofactualrecelpL1710sevent deliveryby handor by overnight D
service.
delivery ebtor
s hallbedeemedtohavereceived anysuchnoticeon thedateof
denveryofthesame.
ao1ual
BINDINGEFFECT.Thisagreementshaninutetothebene111of
andbebindingontheheirs.executors. successors
administrators. andassignsof therespective against
parties.subject.howevertothereslficUon
assignment
byDebtor.Theseobliganonsowedby Debtor(s) shallbethejoIntandseveralagreement
and'enyGuarantor ofallsigning.
FURTHER ASSURANCES.Debtorshalfprovidealldoduments andpay allstatefeesandtaxes(Induding,butnotIllnitedto. appropriatestateDocumentary
Stamps)necessary to perfect.protectandpreserve
Creditorsrightsandinterestas set forthIn this FinandngAgreement. Includingprovidingall finandngstatementsandothersimNatdocurnents.Debtorshal provideCredlorwllhanllnancialinlormationand
staternants
witNnten(10)daysofeachanniversary Agreeinent
dateofthisFinaqcing theterrnoIlhis Financing
orwilNnthirty(30)daysofwriltonrequestforthesamebyCredilorIbroughout Agreement
COMMERCIAL TRANSACTION. Debtorherebyacknowledges, warrants,andrepresentsthattNs is a cornmerdaltransacGon. that the DebIoris in fac1a business.andthatall necessary#censes.permits,
andoth r documeptations
registrations withstateandlocallawsforthelocalityoftheDebtor Furtherrnore,
suchthatthebusinessis Incorrpliance
havebeentiledwiththeproperauthorilles. Debtordoeshereby
acknowledge. warrant.andrepresentthatanyandallproceeds o fINs FinandngAgreement shaAbeusedforexpenses. projects.
purchases orotherAnandalIransactions assedaledwithandforthebeneGtof the
Debtor
EFFECTOFPARTIALINVALIDITY.in Iheeventanyoneorincreoftheprovisions containedin thisdocument in anyrespect,such
invalid,Illegalor unenforceaNe
shall,.foranyreason.beheldto beinapplicaNe,
shan.at theopnonof theCreditor.notatlectanyotherprovisionofthisdocurnent,
Irwalidity,Illegalityor unenforceaMIIty
inapplicability, butthisdocumentshallbe construed asIf suchappliceNe_Invalid.illegalor
unenIorceable portalerrhadneverbeencontained provisions
hereinorthereinandthe rernatning winbeunalleded.
ENT1RE AGREEHEN-T. TheFinandagAgreement andtherelatedloandocurnentsexecutedcontemporaneouslytherewithconsGtutetheentireagreementof thepartiesas 10the subjectmatterandshallnotbe
amended.altered.or changeder.ept by a writtenagreement
signedby lhopartles.Anywaiverby CreditormustbeInwr1Ung. andfortnearanceshannotbeconstrued norconsUtute awaiver 11thereis morethan
aneDeblor n amed InINS the
Agreement, liability ofeachshallbe)olnt
a p
ndseveral.Theobligallons ursuant
tothisAgreement shallsuFvive
t herelease
ofthe securityInterestin theConateral.Debtorrepresents
andwarranisall informallonDebtorhassubmittedto Creditor18completeendtrueandthatthis Agreement hasbeendutyauthorizedby Debtorandon execution,shanconstitutethe legal,validand binding
oblige6on
ofIheDeb1or.
pocusignedby:
3/8/2022
Lera Miraflores wner Date
Lera B Miranoresd/b/a
Lera B Miraflores R,N
PERSONAL GUARANTY
ForgoodandvaluaNoconsiderationIhereceiptandsuffidencyofwhichi·sherebyacknowledged. andtoinduceCreditor10makeloansandotherwise engagein anyothertransaction withDebtorfromtimetotime.
Guarantorabsolutely.irrevocatsyand unconditionakypromises to pay and guarantythefull andpromptpaymentof all of theDebt,as hereinafter deñned,whendue(whetherat maturityor uponacceleration).
attomeys' feesandcollectionandcourtcoststhatmaybeor becomedue fromDebtorto Credlorin collectingthe Debt,as hereinatter defined,andIn
induding,withoutlimilation.aNprinapal.accruedinterest,
enforcingthis Guarantyandall otheragreements withrespectto DebtorGuarantoris andshallbe unconditionally liaNeunderthis Guaranty,regardless ofwhetherCreditorpursuesanyof its remediesagainst
DeMor.againstanyothermaker., definedor againstany Collateral,as the samepsdefinedandsetforthherein.Creditorshallhavethegightto bringsuit
surety,guaranloror endorserof the Debt,as hereinalter
againstGuarantor aloneor anyoneelsewhoisobligatedonthisor anyotherguarantyof theDebt,ashereinafter delined.or any numberor combination thereof,withoutjoinderof alloftheforegoingor Debtor.10
coHecttheDebt,asdefinedhereinForpurposes of thisGuarantytheterm-Debt'shahmeanandrefertodebts.liabiGlies, andoNigationsof Debtor(including, withoullimitation,amountsagreedto be paidunder
thetermsof any agreements. any agreements securingthepaymentof any debt,loan.liability,or oNigation;overdrafts; advances
lettersof credit;guaran1ies. for taxes,insurance,repairsand/orstorage;and.alh
extensions.renewals.relinandngand/ormodifications of suchdebts)whethernowexistingor createdor Iricurredin thefuture,dueor to becomedue,or absoluteor contingent. indudng olXigagons andduties
arisingfromthetermsof alldocuments preparedor submitted forthetransadion,suchasapplications..securityagreements. disdosures,publiclilings,theAgreement andthisGuaranty.TheInabilityofGuarantorIs
notsubjecttoorconditioned uponthe signmgofthisGuarantybyanyotherpersonandasnotsubjectto anyotherconditionnotexpresslysetforthinthisGuaranty or anyinstrument withthe
executedin connection
FILED: ONONDAGA COUNTY CLERK 04/19/2024 01:46 PM INDEX NO. 004127/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/19/2024
THIS IS A COPY Page 3 of 3
DocuSign Envelope U: 98271789-BODC-4BBE-9565-86D60AEO6424
This is a copy view of the Authoritative Copy held
Debt,Theobligations of Guarangor hereundershallnotbe affectedby theillegality."nvaNdityor unenforceabintyof any agreements or agreementseh%Â51 161UlilA4Â01%deMilbþhliftapplicaNo usurylaws,
forgery,or anyothercircumstances underwhichIheindebtedness maybeunenforceaNe againstDebtorGuarantor shal!remainobhgated toCreditorhereunderevenif Debtoror anyotherguaranloroftheDebthas
suchobligationdischarged in bankruptcy,foredosureor otherwisedischarged and/orreleasedby taw. Guarantorconsentsthatfromtimeto time,withoutnogee10orfurtherconsentfromGuarantorandwithout
releasingor affec1ng thetimeforpaymentor performance
itslistility hereunder, maybeextendedor accelerated inwholeor part,anysecuritymaybe exchanged, released,enforced,sold,leasedor otherwise dealt
withoutnoUcelo or furtherconsentfromGuarantorandwithoutreleasingor affectingGuarantor's liabHityhereunder, the timefor paymentor performance maybeextendedor accelerated in wholeor part,any
be
securitymay exchanged, released,enforced,sold,leasedor otherwisedealtw ith.the provisions o I anydocuments may be canceled,c modified
omprornised, or waived,a ny otherGuarantor o r suretymay be
released,and anyindulgence maybegrantedDebtor,as Creditormayin itsdiscredon determine. Guarantor waivesandconsentslo the non-perfection, lapseor dispositionof or otherdealingwith anysecurity
interestorliensat any6megrantedtoCreditoras securityfortheDebt.Nopayment by Guarantorexceptpayment in ful of1heDebtshallentitleGuarantortobe subrogatedto any ofthenghtsof Creditor,otherthan
aswaivedin thenextparagraph below.Guarantorshallhavenorightof reimbursement or indemnity whatsoever andnorightof recourseto orwithrespectto anyassetsor propertyof Debtoror to anysecurityfor
theDebtunlessanduntiltheDebthasbeenpaidinfull,otherthanaswaivedinthenextparagraph below.
Guarantor herebyunconditionally waivesandreleasesanyandalldaims(asdefinedbyanyapplicaNo
andirrevocably Stateor Federallawor regulation) againstDebtornowor hereafterarisingoutof or related
direc6yor indirecdy
to anyof theobliga#ons
ofGuarantorunderthisGuaranty or anyliabiitiesofDebtortoCreditor,ncluding(withoutlimitation)anyandall suchdaimsarisingfromrightsof subrogation,
indemnity,
reimbursement, contnbution againstDebtor,whetherarisingbycontractorotherwise.
or set-offofGuarantor
In theeventthata bankruptcy peGnon by or againstDebtor,the maturityof theDebt,asthesamepertainsto thisGuaranty,shaNbedeemedtobe accelerated
is fired,whethervoluntarilyor involuntarily, andthe
Debtshallbeimmediately dueandpayablein funby Guarantor. Guarantor acknowledges andagreesthatthelermsandconditionshereofshallremainin ftd1forceandeffectatallemes,notwithstanding anyacdons
or undertakings
by or againstC redder o r in
anyCollateral, connection w ith anyproceedingm the United StatesBankruptcy Court.Suchactions or undertaiéngs w
include, ithout
l imiladon, valuationof Collateral,
electionsofremediesorimposidon of securedorunsecured daimstatusuponclaimsby Credilor,asprovidedforundertheUnitedStatesBankruptcy Code,asthesamemaybeamended fromtimeto time.In the
eventthatanypaymentof principal,interestor othersumsreceivedandpaidbyanyotherguarantor,Debtor,surely endorser,co-rnaker orobligoris deemedby anorderof a courtofcompetent jurisdicUan
tohave
beena voidablepreferentialgransferunderIheUnitedStatesBankruptcy rawsor anyotherapplicablebankruptcy of Guarantorhereunder
or insolvencylaws,thenthe obligations shallremainasan enforceable
obligatonby CreditoragainstGuarantor andwillnotbedeemedtobeorconstrued ashavingbeenextinguished unGlsuchtimeaspaymentin fullis madeto Creditor.
LirnilatononLifetime.Creditoragreesthatthisis anabsoluteandunconditional
Guaranty onlyduringthelifeoftheGuarantoranduponthedeathoftheGuarantor thisGuarantyshenbe1erminated.
Duringthelife
oftheGuarantor thesameshallbeandremainbindingonGuarantor, whetherornot thereremeansoutstandinganyDebt,untilCreditorhasreceivedwgiItennoticeofthedeathofGuarantor.
ThisGuarantycannotbeterndoated or changedorallyandnoprovisionhereoImaybeinodihedor waivedexceptin wri5ngby Creditor:it shallconlinuein e8ectunslCreditorreceives writtennoticeof terminadon,
whichshallnotreleaseor affectGuarantorsliabilitywithrespectto theDebttheretofore createdand any extensions andconsolidahons thereof;andit is a guarantyof paymentandnot oneof collection.This
guarantyshallbe bindinguponGuarantor, joingyand severallyif morethanone.andit'sor hisor herrespec#ve heirs,representadves, successors a ndassignsin favorof Creditor,its successors andassigns.
GuarantoragreesthalandconsentstheCreditormay,withoutnonceto Guarantor or affectingGuarantor'sobligaBons renewor extendpaymentof the Debt,releaseanyDeb1or,
hereunder, endorser,guarantor,
surety,accommodaUon makeror any olherco-signer;release,subadtuteor inpair any Collateral;Invokea rightof set-off;modifyor arnendthetermsof the Debtor any instrument evi endngor securing,
Quarantying or rela1ngtotheDebt;provideaccommodations toDebIorin connectionwiththeDebtanditsrepayment or theCollateral,itsvalue,releaseor subselution.
Noneoftheforegoing shajiserveasthebasis
of anydefenseby Guarantor, whoexpressly walvessuchdefenses,Guarantor furlherwaivesany rightofsubroga1on. contribution,
reimbursement, indemnificadon,
exoneratlob aridanyolherrightor rernedywhich
Guarantor Inay,nowor Inthefuture,haveagainstDebtoror anyotherguarantor ungltheDebtis sausAed infun. Anydelayor torbearance by Creditorin Ibeexerciseof anyrightbr remedy_ underthisGuaranty,the
Creditor'
Debtor anyfoandocument relatingthereto,or thefaGure
toinsistuponthestict performance or anyof theprovisionsthereundershallnotbedeemedawaiverby
of theobligations nos464Itit serveasthe
basisof anydefenseby Guarantor, whoexpressly waivessuchdefenses.
Guarantor acknowledges thatCreditoris relyingon thisGuarantor In extendingcreditto Debtor,andthatthis Guaranty hasbeenexecutedsoas 10indmeCreditortoextendsuchcredit.Guarantorrepresents to
CreditorthatGuarantorhasa directandsubstantive economicinterestin DebtorandthatGuarantorexpectsto realizeand/orderivesubstantalbenefitsfromthe makingof foansandotheraçcornmodations to
Debtorresuldngin theDebt,Guarantor furtherrepresents andwarrantsthatGuarantor or
hasthe authortlyto enterintothisGuarantyandthatenteringintothesarnewillnotviolateonylaw,regulaUon agreement
governingGuarantor or towhichGuarantor is a party.
Guarantorshallbe
Preview
FILED: ONONDAGA COUNTY CLERK 04/19/2024 01:46 PM INDEX NO. 004127/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/19/2024 "A" Exhibit Promissory Note/Security Agreement/Personal Guaranty . FILED: ONONDAGA COUNTY CLERK 04/19/2024 01:46 PM INDEX NO. 004127/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/19/2024 THIS IS A COPY Page 1 Of 3 DocuSign Envelope ID: 982717B9-80DC-4BBE-9565-86D60AEO6424 This is a copy vieW Of the Authoritative Copy held (SolePropdetorship) AGREEMENT FINANCING by the designated Custodian PROMISSORY AGREEMENT/PERSONAL NOTEfSECURITY GUARANTY No.· Agreement 1059610 COMPLETE NAMEANDADDRESS OF COMPLETE OFGUARANTOR NAMEANDADDRESS COMPLETE NAMEANDADDRESS OF DESTOR CREDITOR BankersHealthcareGroup,LLC LeraMiraflores LaraB.MiranoresdlblaLeraB. Miraflores,R.N. 19234W StateRoad84 767AHenDdve 767AllenDdve DavieFL33324 Corona,CA92879 Corona,CA92879 (800)990-8401 ThedateofthisPromissory Agreement/Personal Note/Security Guaranty "AgreementWs (collectively areasreflectedabove. thedateofexecutionnotedbelow.Theparliesandtheiraddresses FORCOMMERCIAL PURPOSES ANDVALUERECElVEO, Debtordoesherebypromiseto pay to Creditoror Its Order,at the addresslisted aboveor at suchotherlocationas otherwisedesignatedby Creditor,thetotalsumof OneHundredSixty-FiveTitousand,OneHundredThirty-TwoDOLLARS andTwenty-FourCENTS($165,132.24), whichrepresentsthetotalofpayments of principalplusinterestdue andwhichwillbecomeduehereunder fromIhedateof fliisAgreementuntilthematuritydateof thisAgreement, whichsumsshallbepayablein montNyinstallments, assetforthin theAddendum hereto,wNchis incorporated Inadditiontothe10181 hereinby thisreference. sum of payments D ebtor d oeshereby prornise t o pay p interest ayaNecomputed dailyonthe p outstanding balance rincipal of theAgreement determined asofthecloseof businessoneachday,commencing onthefundingdateandupto one(1) monthprior10thefirstpayment date. Interiminterest,whenapplicaNewill bedueandpayaNeonemonthpriorlo the IventhlypaymentandwillbedeductedfromtheamountfundedtotheDebtor firstscheduled PAYMENT(S) INTHEAMOUNTOF BEGINNING ON THE PAYMENT COMMENCEMENTDATE WILL BE 84 $1,966.86 REFLECTED VERBALVERIFICATION ONTHERECORDED FORM. I PREPAYMENT: PURSUANT TOTHETERMSOFTHISNOTE,DESTORHABNORIGHTTO PREPAY,INWHOLEORIN PART,FORTHEFIRST24MONTHSOFTHISCOMMERCIAL LOAN.CREDITOR, SUBJECT TOTHETERMBHEREOEUPONTHEREQUEST BYDEBTOR,WILLAMENDANDMODIFYTHEAGREEMENT SOABTOALLOWTHISCOMMERCIAL LOANTOBE PREPAID,INWHOLEOR IN PART,AFTERTHEFIRST24MONTHS. INTHEEVENTOFA PREPAYMENT DEBTORSHALLPAYOUTSTANDtNG UNDERTHETERMSOFTHISAGREEMENT, PERMtTTED PRINCIPAL ACCRUED BALANCE, ANYMODIFICATION INTEREST, ANDAMENDMENTFEE, ANDANYOTHEROUTSTANDING FEESOWED. AUTOMATIC PAYMENT(ACH).All paymentsin accordance withthis Noteshanbe madeIn theformof an ACHtransferdirecGyfromthe Debtorsbusinessaccount.,TheDebtorstil!minaganof an ACH withouttheCreditorspriorwilitenconsentshallbeconsidered authorizaUon aneventofdefault.ShouldDebtorterrninateanACHauthorization by checkor other wAlttheensentof Creditor.tral deliverspayments non-ACHfounof payrnent,Deb1or agreesto paya service,handngand accounting expensefeeto Creditorresuldngfromthe makingof a non-ACHpaymentinanarnountequalto lifteenpercent(15%)of the payrnentthendue. theterms., structureandconditions thiscuragnercial note DS NOTE:PleaseepnsultyourCPAand/orAttorneyIfyoudonotunderstand regarding promissory 1. PROMISSORY NOTE (I have read a_D,gu_n_derstand that I am executigg a prom ory li 9 Initi DEFINITONS paper.-'Instruments". ˆquipment' usedor boughtfor use by DebtorInthettitlinessandall replacements, partsor additionsattachedor affixed10theproperty."Chattel -inIangines-means all papertynowor subsequengy and'acounis' shanhavethesamemeaningasdefinedundertheUniformCommercial CodeoftheSlateof Florida.an shaninclude"an accounts (including. anaccountsreceivaNe). withoutIIgnitation. generalinlangbles@ncluding. oppIractrighisandtaxrefunds)andanretumedor repossessed withoutilmitagron, goods,allchattelpaper(including, withoutlirnllation,leases)andInstruments, andaNinterestsof 'Proceeds"shallmean proceedsof any characterwhethercashor Debtorin ell guarantees,secuntyagreements andatherproperlysecuringthepaymentof performance of obligationsunderanycIthe foregorng. non-cash. 'Inventory"meansanproperty,partsandaccessories acquiredthroughDebtor'sbu whelheror notaffixed or httsiched In whichDebtor nowhasor maysubsequently acquire any right.#deor inierest."AccountsreceivaNe" meansanaccounts,agreements, drafts.ordersandchoosesIn a andotherIorrnsofobligadons nowor hereafterreceivedby or belonging to DebIorfor goodssoldby Debtoror tosellor renderservices. will" "Good meansthebenefitthattheDebtor'sbusiness acquiresbeyondthemorevalue for servicesrenderedbyDebtorandalldghtsof Debtorearnedoryettobeearned undercÇmtracts "A"attachedhereto."AnProperty"meansall property "SpecincProperty" ofitscapitalstockandtangibleassets.asa resultofits reputation. meansat oftheIollowingproperty:AApropertyasdescribed onSchedule of everydescripeon. SECURATY INTEREST. DebIorgrantstoCreditora securityIntetestin anof lhoright,tilleandinterestof DebtorInandto AccountsReceivables, leventory,instruments, Equipment. Intangibles,Accounts,Chattel Paper,GoodWin.SpedticPapertyandAll Propertyof DebIorandanproceeds1hereof the'Collateral").Thissecurityinterestis grantedtoCreditorby Debtorto secureperformance (collectively, andpaymentof all obligatonsandIndebtedness ofDebtorlo Creditorhereunder andassetforthhereirtDebtoragreeslo anowcreditortolilea UCC4 Financing Stalementin theappropriate state. PAYMENT OFOBLIGATIONS OFDESTOR.Debtorsha(pay to Cretgtoranysumdueor thatmaybecomeduepursuantto thisagreement. Debtorshallpayto Creditorall amountsdueIntheformof cashand negotaNeinstruments.Debtorshall)old theCanateral assigned toCreditorpursuanttothisagreement in trustforCreditorandDeblorshallpromptlytumovertheCollateralto Creditor.andtheproceeds thereof, forapplicaGon againsttheindebtedness of Debtorto Creditor, Menrequested by Creditor Theorderandmelhod ofsuchapplicaMon againstt heindebtednessis to bein thesolediscretionofCreditor.Debtorshall pay Creditor o ndemand allexpenses I nchiredorpaid by Creditor in or exercis'Ing proteceng i tsinterests,rightsandremedles u nderthissecurity plusInterest agreement, onsucharnount atthemaxirnum legalrate. DEBTOR'S REPRESENTATONS, WARRANTIES ANDAGREEMENTS. Debtor represents. warrants a ndagrees thataninforrnationsupplied andstatements m ade by Debtor i n anytinandal, c redit o r accoun6ng statement or applicanonforcreditpriorto.contemporaneously with,or subsequent totheexecuUon ofthissecurityagreement areandshallbetrue,correct,cornplete. validandgenuine.Debtoraulhorizes Creditor to file,atCredtofsoption,aninformation or otherJnar)cingstatemenisDeb1ar shallpayattcostsof anytilingsof financingstatements orotherpapers,DeblorshallpayprIorto delinquency antaxes,charges,liens andassessments againstthe Conateel andonDeblor's failuretodo so, Credilora t itsoption maypayany of suchitems andshan belhosolejudge, a sbetween Itand Debtor, o fthe or legality validity thereofand the amountnecessary to discharge)n4m.Suchpaymentshanbecomepartoftheindebtedness securedby this securityagreernent andshallbepaidto CreditorImmediately andwilhoutdernand,withinterest thereonattheriiaximumregalrate. Debtorshal.atantimes,keepIheCdlateralfreefromanyadversellen,securityinterest.orencumbrance andingoodorderandrepairandwillnotwasteor destroythe CoMateral or any partthereof;andDebIorwinnotuseotherCdlateralInvida9onof anystatuteor ordinance;andCreditormayexamineandinspectthe Collateralat any lime.whereverlocated.Debtorshallprovideall documents necessary to perfect,protectandpreserveCreditor'sinterestsn the Conateral, IncludingprovidinganAnancing statements.Debtorshallnot.voluntarilyor Involuntarily, subjecttheCollateralor its proceeds,or allowthe CoMateral or its proceedslo be subjectedto any interestof any transferee,buyer,securedparty,encumbrance, levy,execudon,attachment, gamishment or thini party person.Debtors equipment, inventoryandchiefexecudve o fAces andprindpal p laceof business shaltbelocated at the address setforthabove Deblorshall no0fyCreditorpromptly wilUng any changesin the locationof in of Debtor'sprincipalplaS of business,chiefexecutiveofteesor its equipment or inventory,includingany additionsanddisconlinuances.Anprovisionsof this FinancingAgreernent areincorporated hereinby referenceandshallbeconsidered materialtermsof thisSecurityAgreernent. EVENTSOFDEFAULT,Intheeventof default,timebeingoftheessence,theentinM amountofprincipalthenunpaidandallunpaidinterestshallbecorne,withoutnoticeor demand,at theopEcooftheCreditor, immediately dueandpayableEventsofDefaultshallincludebutnotbelirrutedto thefollowing:(i) DebtorsfailuretopaylimelyanyamountdueunderthisNote;0i) Debtorniesorhasins6tutedagainstDebtorany bankruptcy or insolvencyproceedingsor makes any assignment for thebenefito f all of the Debtorsassets,or a materialchangein theDebtor,a voluntaryor involuntary creators;(iii) Debtorsellssubstannelly dissdutionof Debtororthe6tingof a pehliontodissolvetheDeblor;( v) Debtorcommitsfraudormakesanymaterialmisrepresentagon in this Note;(v) Debtorfailstoabidebythetermsofthis Note;or (vi) Debtor defaultson anynote(s)or olheragreernent(s)Debtorcurrentlyhas,or anynote(s)or agreement(s) DebtorInayhavein thefuturewithCreditor(vii)deathof a guaranger. Incaseof anyactiontakenandforsuitor legalproceeding i ns1tuted by theCredtoror any designeeto enforce thecollection o f amounts d ueunder ghe A Financing greement and/ortherelated loandocurnents executedtherewith.aMcostsandexpenses incurred,indudingreasonable attomeyfeesandcosts,shanbepaidby DebtorandforGuarantor andshallbecomesomuchaddinonal indebtedness assecuredby thisAgreement. ofanEventofDefault,CreditorreservestherighttoincreasetheinterestrateonthisNotebythemaximum AFTERDEFAULT,Upontheoccurrence INTEREST underapplicablelaw. interestrateagowable TIMEISOFTHEESSENCE.Timeis of theessencehereofupontheoccurrence of anEventofDefaulthereunderCreditororitsassignsmayexerciseaNrightsandremedies providedforherein,andby law dueandpayable,withoutnobceof default,preseniment onthisNoteandallothersumsunderor inrespectofthisNoisimmediately induding,butnotlirnitedto,therighttoinakeall principalremaining or demandfor payment, protestornoticeofnonpayment or dishonor,or othernoUcesor demandsof anykindorcharacterexceptasspecitedherein.Debtoragreesto payallcostsof cdlectinganydelinquentpayments, * includingreasonableattorney fees,as permitted by applicablelaw, LATEPAYMENT. IntheeventDebtorfailsto payallor anyamounttobepaidhereunder whendue DebtorwillpayCreditora latechargeequaltothelesserof (a) 10%ofthepayrnent thatis lateand(b)the maximum amountpermitted by apphcable law.The1a10 costsresultingfromsuchlatepayment. chargeis notinterestor apenalty.butratheris afeeto defrayadministrative WAlVER.Debtorherebywaives presentment,notceofnonpayment or dishonor,protestnoticeof protest,demandandanothernoncesin connection withthe delivery,acceptance,performance, defaultorenforcementof thisagreement.The Creditorshallnotbedeemed,byanyactofomissionor commission, tohavewaivedanyofitsrighlsorremedies hereunder unlesssuchwaiverisin wri1ngandsignedby suchhdderandthenonlytotheextent speci#caAysetforthin writing Awaiverwithreference tooneeventshallnotbeconstrued ascontinuingorasa bartoorwaiverof anyrightor rernedyasto a subsequent event.Nodelayor omissionof theCreditor toexerciseanyright.whetherbeforeoraftera defaulthereunder, shanimpairanysuchrightor shallbeconstruedtobeawaiverof anyrightordefault,andtheacceptance at any1rneby theholderhereofof any pastdueamount, whether i nfullorin part,shallnotbedeemed lo bea waiver o ftherighttorequirepromptpayment whendueof any otheramounts t henor thereafter dueand payable. FILED: ONONDAGA COUNTY CLERK 04/19/2024 01:46 PM INDEX NO. 004127/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/19/2024 THIS IS A COPY Page 2 of 3 DOCuSign Envelope ID: 982717B9-BODC-4BBE-9565-86D60AE06424 This is a copy view of the Authoritative Copy held TERM1NATION. Uponpaymentinfullofallprindpalandallinterestasprovidedinthisagreement,thisagreementshallbedeemedcancelledandlarmli 14141tlA 91Šl4141 iGOwhetherby acceleration orin duecourse,interestshanberecalculatedovertheactuallifeoIlheloanbasedupontheamountsouIslanding, andif thetotalamountofInteresttheretofore paidexceedstheamountpermittedto bepaidunderapphoaNe law,rule,or regulatonine#ectfromtimeto lime,theexcessshallbecreditedto Pdncipal, orif suchexcessexceedsthePrincipalamountduehereunder. refunded10the Debtor. DS IL SECURITY AGREEMENT (I have read and understand I am executing a security agreement and acknowledge that a UCC-1 Financing Statement will be filed in the appropriate state INITIAL:) OTHERREPRESENTATIONS ASSIGNMENT. Withoutthepdorwrittenconsentof Creditor,Debtorshallnot sen,leaseor allowanylienotherthanCreditorssecurityinterestagainstanIlemof CoHateral orassignanyof Debtorsobligations hereunder,Debtorsobligations hereunder arenotassignable by operatonoflaw. Creditormayat anytime,inits solediscretion,assignor otherwiseIransferthisagreement or anyofitsdghtsorobligations under thisAgreement, withoutnoticeto Debtor.If Debtoris givennotceof suchassignment. Debtorshallacknowledge thereceiptof the assignrnent in writingandshanthereafterpayanyamountsduehereunder as directedin thenotice.TheriÆtsof theassigneeto amountsduehereundershallbefreeof any daimor defenseDebtormayhaveagainstCreditor.andDebtorknowingly. voluntarily agrees andintentionally to waiveandnotassert a gainst any assignees any claimor defenseDebtormay or doeshaveagainst C reditor.All rightsandremedies o f Creditormay be assignedtransferredo r clherwise esposedof edherIn wholeorin part,to anypersonor to Debtor. COMPLIANCE AGREEMENT.Forandinconsideranon oftheCreditorenteringintoandfundingthesumssoughtbyDebtorin connection withthesubjectAgreement andforcreditfacility,and¬nconsiderationof thesubjecttransaction. Debleragreestocooperate prornpuy itsagentsand/orassigns,inthecorrectonorcornple1on withCreditor,, oftheloandosingdocuments, if considerednecessary ordesirableby Creditor railecttheagreement andforitsagentsand/orassigns,lo accurately ofthepadies.Debtorunderstands thatthismayincludetheexecutionofa replacement Agreeinent, a replacement SecurityAgreement. or UCC- 1 Financing tore1lecttheagreeduponterms,inwhichcasetheCreditoragreestoretumtheoriginalofthereplaced Statements, documents to Debtor.In addition,Debtoracknowledges thatsomeor allof theloan closingdocumentswereor mayhavebeenexecutedinadvanceofthedateonwhichthesubjectloanwasfundedandthat,assuch,certainoftheinformation setforthontheloanclosingdocurnents mayhavenot beencornplete.Debtoragreestocooperate inthefilingofanydocumentation neededloestablishandmaintaintheDebtorscompany,LLC,dfb/aor anysuchcorporaleentityandallowsCreditortherighttoAlethe sameonitsbehalf. FORM4606-T:"REQUEST FORTRANSCRIPT OFTAXRETURN"FORM 882k "TAXINFORMATON AUTHORIZATION".Duringthetermof thisAgreement Debtoragreesthatuponfequestof Creditor,its ofTaxRetum"ORForm8821:'TaxInformaUon or assigns.DebtorwMturnishasignedForm4506-T:"RequestforTranscript successors Authorization". andagreesthatCreditorits Further.Debtoracknowledges successors andassignshavetherightto,atCreditors requestandreviewDeb1ors discretion. ofTaxRetumor TaxInformation Transcript Authoriza#on termofthiscommercial during1he loan. APPLICABLE LAWfJURISDICTION & VENUE.Thetermsof the FinenologAgreement andanloandocuments executedherewithshallbe governedby andconstruedInaccordance with e substantiveand procedure lawsoftheStateof Florida,exclusiveof theprinciplesofconnictoflaws.VenueforanyacIlonbroughthereunder. shallbethechoiceof theCreditor.andshallbeIlrnftedto eEiher agaCountyNew YorkorBrowardCounty,Florida.of. if theactionInvolves in astatecourtInthecountywhere or is broughtagainsttheCoDateral, suchCollateral Creditors is located.whererequiredtoenforce rightsasto or against unlessCreditorselectsana ema1veforum. Debtoragreesto submilto thepersonalJurisdicDon the Collageral, of theappropriatecourtin theStateof NewYork.Onbodaga nty or Stateof Florida,Broward County.1brallsuchdisputes.Debtorexpressly waivespersonalserviceof processandauthorizes serviceofprocessonDebtorby registeredmailorcertifiedmailorovernight ryby a nallonaldeliveryservice sentto Debtoa addressassetforthin theIntroductory paragraph or suchothermanneras maybeperrnitted of thisAgreement underapplceblelay TheDebtorfurthersalvesaiyyrighttheDeblormayhaveto Iransferorchangethevenueof anylillgationbroughtagainstDebtorby Creditor,therightlo interposeanydefenseorinoNonbasedonForumNonConveniens or Venue.andahydalmforconsequenUal. puni6veor specialdarnages. THEDEBTORANDALL OTHERSWHOMAYBECOMELIABLEFORALL ORANYPARTOFTHISOBLIGATON, JOINTLYAND SEVERALLY, WAIVEANDRENOUNCE THEIRRIGHTTOA TRIALBY JURYIN RESPECT TO ANY LITIGATONOR PROCEEDING, INCLUDING BROUGHTBY ORÅGAINSTDESTORON ANYMATTERSWHATSOEVER AS TO COUNTERCLAIM ARISINGFROMTHIS AGREEMENT, THESECURATY AGREEMENTINCLUDED HEREIN,ANDANYOTHER DOCUMENTS ANDAGREEMENT EXECUTEDIN CONJUNCTzNWITHTHISCREDITTRANSACTSN, INCONTRACT, IN TORTOR OTHERWISE.THETERMSOFTHISJURYTRIALWAlVERANDDESTOR'SAGREEMENT HERETOIS A AAATERIAL INDUCEMENTTOCREDITOR TO ENTERINTOTHISTRANSACTION. DEBTOR FURTHERWA1VES ANYRIGHTTOREMOVE ANYSTATECOURTACTONTOFEDERAL COURT. DS (I have read and understand the applicable law, jurisdictionEenue ansI w..alyeMI. III L: ) NOTICE.Anynoticeto CreditorwinbeeAecNve onlyon its receiptby Creditor:Anyrequirernentof givingnoeceto Debtormaybe sent bymalNng or by na#onally thenoece.poslageprepaid:byhand-delivery recognized overnightdeliveryservicelotheDebtorattheaddressstatedin thisagreement. DebtorshallbedeernedtohavereceivedanynoticepostedwiththeUnitedSlatesPostalServiceontheearlierof thethird o f (3d)businessdayaftertheposengof thenoticeor thedateofactualrecelpL1710sevent deliveryby handor by overnight D service. delivery ebtor s hallbedeemedtohavereceived anysuchnoticeon thedateof denveryofthesame. ao1ual BINDINGEFFECT.Thisagreementshaninutetothebene111of andbebindingontheheirs.executors. successors administrators. andassignsof therespective against parties.subject.howevertothereslficUon assignment byDebtor.Theseobliganonsowedby Debtor(s) shallbethejoIntandseveralagreement and'enyGuarantor ofallsigning. FURTHER ASSURANCES.Debtorshalfprovidealldoduments andpay allstatefeesandtaxes(Induding,butnotIllnitedto. appropriatestateDocumentary Stamps)necessary to perfect.protectandpreserve Creditorsrightsandinterestas set forthIn this FinandngAgreement. Includingprovidingall finandngstatementsandothersimNatdocurnents.Debtorshal provideCredlorwllhanllnancialinlormationand staternants witNnten(10)daysofeachanniversary Agreeinent dateofthisFinaqcing theterrnoIlhis Financing orwilNnthirty(30)daysofwriltonrequestforthesamebyCredilorIbroughout Agreement COMMERCIAL TRANSACTION. Debtorherebyacknowledges, warrants,andrepresentsthattNs is a cornmerdaltransacGon. that the DebIoris in fac1a business.andthatall necessary#censes.permits, andoth r documeptations registrations withstateandlocallawsforthelocalityoftheDebtor Furtherrnore, suchthatthebusinessis Incorrpliance havebeentiledwiththeproperauthorilles. Debtordoeshereby acknowledge. warrant.andrepresentthatanyandallproceeds o fINs FinandngAgreement shaAbeusedforexpenses. projects. purchases orotherAnandalIransactions assedaledwithandforthebeneGtof the Debtor EFFECTOFPARTIALINVALIDITY.in Iheeventanyoneorincreoftheprovisions containedin thisdocument in anyrespect,such invalid,Illegalor unenforceaNe shall,.foranyreason.beheldto beinapplicaNe, shan.at theopnonof theCreditor.notatlectanyotherprovisionofthisdocurnent, Irwalidity,Illegalityor unenforceaMIIty inapplicability, butthisdocumentshallbe construed asIf suchappliceNe_Invalid.illegalor unenIorceable portalerrhadneverbeencontained provisions hereinorthereinandthe rernatning winbeunalleded. ENT1RE AGREEHEN-T. TheFinandagAgreement andtherelatedloandocurnentsexecutedcontemporaneouslytherewithconsGtutetheentireagreementof thepartiesas 10the subjectmatterandshallnotbe amended.altered.or changeder.ept by a writtenagreement signedby lhopartles.Anywaiverby CreditormustbeInwr1Ung. andfortnearanceshannotbeconstrued norconsUtute awaiver 11thereis morethan aneDeblor n amed InINS the Agreement, liability ofeachshallbe)olnt a p ndseveral.Theobligallons ursuant tothisAgreement shallsuFvive t herelease ofthe securityInterestin theConateral.Debtorrepresents andwarranisall informallonDebtorhassubmittedto Creditor18completeendtrueandthatthis Agreement hasbeendutyauthorizedby Debtorandon execution,shanconstitutethe legal,validand binding oblige6on ofIheDeb1or. pocusignedby: 3/8/2022 Lera Miraflores wner Date Lera B Miranoresd/b/a Lera B Miraflores R,N PERSONAL GUARANTY ForgoodandvaluaNoconsiderationIhereceiptandsuffidencyofwhichi·sherebyacknowledged. andtoinduceCreditor10makeloansandotherwise engagein anyothertransaction withDebtorfromtimetotime. Guarantorabsolutely.irrevocatsyand unconditionakypromises to pay and guarantythefull andpromptpaymentof all of theDebt,as hereinafter deñned,whendue(whetherat maturityor uponacceleration). attomeys' feesandcollectionandcourtcoststhatmaybeor becomedue fromDebtorto Credlorin collectingthe Debt,as hereinatter defined,andIn induding,withoutlimilation.aNprinapal.accruedinterest, enforcingthis Guarantyandall otheragreements withrespectto DebtorGuarantoris andshallbe unconditionally liaNeunderthis Guaranty,regardless ofwhetherCreditorpursuesanyof its remediesagainst DeMor.againstanyothermaker., definedor againstany Collateral,as the samepsdefinedandsetforthherein.Creditorshallhavethegightto bringsuit surety,guaranloror endorserof the Debt,as hereinalter againstGuarantor aloneor anyoneelsewhoisobligatedonthisor anyotherguarantyof theDebt,ashereinafter delined.or any numberor combination thereof,withoutjoinderof alloftheforegoingor Debtor.10 coHecttheDebt,asdefinedhereinForpurposes of thisGuarantytheterm-Debt'shahmeanandrefertodebts.liabiGlies, andoNigationsof Debtor(including, withoullimitation,amountsagreedto be paidunder thetermsof any agreements. any agreements securingthepaymentof any debt,loan.liability,or oNigation;overdrafts; advances lettersof credit;guaran1ies. for taxes,insurance,repairsand/orstorage;and.alh extensions.renewals.relinandngand/ormodifications of suchdebts)whethernowexistingor createdor Iricurredin thefuture,dueor to becomedue,or absoluteor contingent. indudng olXigagons andduties arisingfromthetermsof alldocuments preparedor submitted forthetransadion,suchasapplications..securityagreements. disdosures,publiclilings,theAgreement andthisGuaranty.TheInabilityofGuarantorIs notsubjecttoorconditioned uponthe signmgofthisGuarantybyanyotherpersonandasnotsubjectto anyotherconditionnotexpresslysetforthinthisGuaranty or anyinstrument withthe executedin connection FILED: ONONDAGA COUNTY CLERK 04/19/2024 01:46 PM INDEX NO. 004127/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/19/2024 THIS IS A COPY Page 3 of 3 DocuSign Envelope U: 98271789-BODC-4BBE-9565-86D60AEO6424 This is a copy view of the Authoritative Copy held Debt,Theobligations of Guarangor hereundershallnotbe affectedby theillegality."nvaNdityor unenforceabintyof any agreements or agreementseh%Â51 161UlilA4Â01%deMilbþhliftapplicaNo usurylaws, forgery,or anyothercircumstances underwhichIheindebtedness maybeunenforceaNe againstDebtorGuarantor shal!remainobhgated toCreditorhereunderevenif Debtoror anyotherguaranloroftheDebthas suchobligationdischarged in bankruptcy,foredosureor otherwisedischarged and/orreleasedby taw. Guarantorconsentsthatfromtimeto time,withoutnogee10orfurtherconsentfromGuarantorandwithout releasingor affec1ng thetimeforpaymentor performance itslistility hereunder, maybeextendedor accelerated inwholeor part,anysecuritymaybe exchanged, released,enforced,sold,leasedor otherwise dealt withoutnoUcelo or furtherconsentfromGuarantorandwithoutreleasingor affectingGuarantor's liabHityhereunder, the timefor paymentor performance maybeextendedor accelerated in wholeor part,any be securitymay exchanged, released,enforced,sold,leasedor otherwisedealtw ith.the provisions o I anydocuments may be canceled,c modified omprornised, or waived,a ny otherGuarantor o r suretymay be released,and anyindulgence maybegrantedDebtor,as Creditormayin itsdiscredon determine. Guarantor waivesandconsentslo the non-perfection, lapseor dispositionof or otherdealingwith anysecurity interestorliensat any6megrantedtoCreditoras securityfortheDebt.Nopayment by Guarantorexceptpayment in ful of1heDebtshallentitleGuarantortobe subrogatedto any ofthenghtsof Creditor,otherthan aswaivedin thenextparagraph below.Guarantorshallhavenorightof reimbursement or indemnity whatsoever andnorightof recourseto orwithrespectto anyassetsor propertyof Debtoror to anysecurityfor theDebtunlessanduntiltheDebthasbeenpaidinfull,otherthanaswaivedinthenextparagraph below. Guarantor herebyunconditionally waivesandreleasesanyandalldaims(asdefinedbyanyapplicaNo andirrevocably Stateor Federallawor regulation) againstDebtornowor hereafterarisingoutof or related direc6yor indirecdy to anyof theobliga#ons ofGuarantorunderthisGuaranty or anyliabiitiesofDebtortoCreditor,ncluding(withoutlimitation)anyandall suchdaimsarisingfromrightsof subrogation, indemnity, reimbursement, contnbution againstDebtor,whetherarisingbycontractorotherwise. or set-offofGuarantor In theeventthata bankruptcy peGnon by or againstDebtor,the maturityof theDebt,asthesamepertainsto thisGuaranty,shaNbedeemedtobe accelerated is fired,whethervoluntarilyor involuntarily, andthe Debtshallbeimmediately dueandpayablein funby Guarantor. Guarantor acknowledges andagreesthatthelermsandconditionshereofshallremainin ftd1forceandeffectatallemes,notwithstanding anyacdons or undertakings by or againstC redder o r in anyCollateral, connection w ith anyproceedingm the United StatesBankruptcy Court.Suchactions or undertaiéngs w include, ithout l imiladon, valuationof Collateral, electionsofremediesorimposidon of securedorunsecured daimstatusuponclaimsby Credilor,asprovidedforundertheUnitedStatesBankruptcy Code,asthesamemaybeamended fromtimeto time.In the eventthatanypaymentof principal,interestor othersumsreceivedandpaidbyanyotherguarantor,Debtor,surely endorser,co-rnaker orobligoris deemedby anorderof a courtofcompetent jurisdicUan tohave beena voidablepreferentialgransferunderIheUnitedStatesBankruptcy rawsor anyotherapplicablebankruptcy of Guarantorhereunder or insolvencylaws,thenthe obligations shallremainasan enforceable obligatonby CreditoragainstGuarantor andwillnotbedeemedtobeorconstrued ashavingbeenextinguished unGlsuchtimeaspaymentin fullis madeto Creditor. LirnilatononLifetime.Creditoragreesthatthisis anabsoluteandunconditional Guaranty onlyduringthelifeoftheGuarantoranduponthedeathoftheGuarantor thisGuarantyshenbe1erminated. Duringthelife oftheGuarantor thesameshallbeandremainbindingonGuarantor, whetherornot thereremeansoutstandinganyDebt,untilCreditorhasreceivedwgiItennoticeofthedeathofGuarantor. ThisGuarantycannotbeterndoated or changedorallyandnoprovisionhereoImaybeinodihedor waivedexceptin wri5ngby Creditor:it shallconlinuein e8ectunslCreditorreceives writtennoticeof terminadon, whichshallnotreleaseor affectGuarantorsliabilitywithrespectto theDebttheretofore createdand any extensions andconsolidahons thereof;andit is a guarantyof paymentandnot oneof collection.This guarantyshallbe bindinguponGuarantor, joingyand severallyif morethanone.andit'sor hisor herrespec#ve heirs,representadves, successors a ndassignsin favorof Creditor,its successors andassigns. GuarantoragreesthalandconsentstheCreditormay,withoutnonceto Guarantor or affectingGuarantor'sobligaBons renewor extendpaymentof the Debt,releaseanyDeb1or, hereunder, endorser,guarantor, surety,accommodaUon makeror any olherco-signer;release,subadtuteor inpair any Collateral;Invokea rightof set-off;modifyor arnendthetermsof the Debtor any instrument evi endngor securing, Quarantying or rela1ngtotheDebt;provideaccommodations toDebIorin connectionwiththeDebtanditsrepayment or theCollateral,itsvalue,releaseor subselution. Noneoftheforegoing shajiserveasthebasis of anydefenseby Guarantor, whoexpressly walvessuchdefenses,Guarantor furlherwaivesany rightofsubroga1on. contribution, reimbursement, indemnificadon, exoneratlob aridanyolherrightor rernedywhich Guarantor Inay,nowor Inthefuture,haveagainstDebtoror anyotherguarantor ungltheDebtis sausAed infun. Anydelayor torbearance by Creditorin Ibeexerciseof anyrightbr remedy_ underthisGuaranty,the Creditor' Debtor anyfoandocument relatingthereto,or thefaGure toinsistuponthestict performance or anyof theprovisionsthereundershallnotbedeemedawaiverby of theobligations nos464Itit serveasthe basisof anydefenseby Guarantor, whoexpressly waivessuchdefenses. Guarantor acknowledges thatCreditoris relyingon thisGuarantor In extendingcreditto Debtor,andthatthis Guaranty hasbeenexecutedsoas 10indmeCreditortoextendsuchcredit.Guarantorrepresents to CreditorthatGuarantorhasa directandsubstantive economicinterestin DebtorandthatGuarantorexpectsto realizeand/orderivesubstantalbenefitsfromthe makingof foansandotheraçcornmodations to Debtorresuldngin theDebt,Guarantor furtherrepresents andwarrantsthatGuarantor or hasthe authortlyto enterintothisGuarantyandthatenteringintothesarnewillnotviolateonylaw,regulaUon agreement governingGuarantor or towhichGuarantor is a party. Guarantorshallbe