HomeMy WebLinkAbout1979-04-09 (Special) Meeting Agenda•
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Citj Council Meeting -Syecial
-April 9, 1979
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SPECIAL MEETING:
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COUNCIL CHAMBERS
CITY OF ENGLEWOOD, COLORADO
April 9. 1979
JC-
The City Council of the City of Englewood, Arapahoe County,
Colorado, met in special session on April 9, 1979, at 7 :00 p.m.
The invocation was given by Councilman Donald Smith. The
Pledge of Allegiance was led by Mayor Pro Tem Mann.
Mayor Pro Tem Mann asked for roll call. Upon a call of the
roll, the following were present :
Council Members Weber, Smith, Harper, Clayton, Mann.
Absent: Council Members Williams, Taylor.
The Mayor Pro Tem declared a quorum present.
* * * * * *
Also present were: Assistant City Manager Curnes
City Attorney Berardini
Deputy City Clerk Johannisson
Deputy City Clerk Watkins
* * * * * *
''!
Mayor Pro Tem Mann stated the purpose of the special meet-
ing was to hold a public hearing on a liquor application for Paul's
Restaurant and Pizzeria.
* * * * * *
COUNCILMAN CLAYTON MOVED TO OPEN THE PUBLIC HEARING TO
CONSIDER A HOTEL AND RESTAURANT LICENSE FOR PAUL AND SHAKE DAGHLIAN
D/B/A PAUL'S RESTAURANT AND PIZZERIA, 3542 SOUTH FOX STREET. Coun-
cilman Weber seconded the motion. Upon a call of the roll, the
vote resulted as follows:
Ayes :
Nays :
Absent :
Council Members Weber, Smith, Harper, Clayton,
Mann.
None.
Council Members Williams, Taylor.
The Mayor Pro Tem declared the motion carried.
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April 9, 1979
Page 2
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Deputy City Clerk Johannisson appeared before Council
and was sworn in by the Clerk. Mr. Johannisson presented City
Exhibit A the file for the application containing the following
information:
1.
2.
3.
4.
5.
6.
7.
8.
Application
Notice of Hearing.
Letter dated April 2, 1979 to the applicant.
Financial documents relating to the business .
Financial affidavit for applicant.
Deed of Trust showing right of applicant to
property.
Diagram of premises showing liquor service
area.
Map of petitioning area with similar locations
identified.
Mr. Johannisson stated all fees were paid on February 12, 1979.
Mr. Johannisson presented City Exhibit B, the affidavit of posting.
Mr. Johannisson stated the City contracted the firm of
Oedipus, Inc. to petition the neighborhood to determine the needs
and desires of the neighborhood. He introduced Mr. Max Scott of
Oedipus, Inc.
Mr. Max Scott, Oedipus, Inc ., 1200 Pearl, Boulder, Colorado,
appeared before Council and was sworn in by the Clerk. Mr. Scott
presented City Exhibit C (1) through (7) the maps and petitions of
the neighborhood circulated. Mr. Scott presented City Exhibit D
his report summarizing the results of his survey . Mr. Scott stated
the survey resulted in 79.79% of the people contacted felt the needs
and desires of the neighborhood are not being met and 20.217. felt
the needs and desires are being met .
Mayor Pro Tem Mann asked if the attorney for the appli-
cant had any questions to ask of Mr. Scott.
Mr. Sid Overton, attorney for the applicant, appeared
before Council. Mr. Overton questioned Mr. Scott on his occupational
background and the validity of his report.
Mr. Scott provided information and stated in his opinion
the report accurately indicates the needs and desires of the neigh-
borhood are not being met .
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April 9, 1979
Page 3
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There were no further questions for Mr . Scott.
Mayor Pro Tem Mann asked Mr. Overton to deliver his pre-
sentation for the applicant.
Mr. Overton called Paul Daghlian to appear before Council.
Mr. Paul Daghlian, 7169 South Webster, Littleton, Colorado,
appeared before Council and was sworn in by the Clerk.
Mr . Overton questioned Mr. Daghlian regarding his personal
and business background. Mr. Daghlian provided information and
gave reasons why he was applying for a hotel/restaurant liquor
license.
Mr. Overton presented Applicant's Exhibit A (l) and (2),
petitions taken in-house at the applicant's restaurant. Mr. Overton
also presented Applicant's Exhibit Band Applicant's Exhibit C,
letters written in support of the liquor application.
Mayor Pro Tem Mann asked if any one in the audience wanted
to ask questions of Mr. Daghlian. No one responded.
Mayor Pro Tem Mann asked if any one in the audience wished
to speak in favor of the application.
Mr. Howard Olson, 6240 West Canyon Avenue, Littleton,
Colorado, Manager of the Englewood Chamber of Commerce, appeared
before Council and was sworn in by the Clerk. Mr. Olson spoke
favorably of the restaurant and stated the hotel/restaurant license
would improve Mr. Daghlian's business.
Mr. Sterling Cable, 3601 South Fox, appeared before Council
and was sworn in by the Clerk. Mr. Cable stated the liquor license
would help the applicant's business.
Mr . Mike Simpson, 3225 South Garland Way , Lakewood, Colorado,
appeared before Council and was sworn in by the Clerk. Mr. Simpson
stated he services the restaurant with soft drinks and that he was
impressed with the establishment. Mr. Simpson stated the license
would improve its business.
Mr. Mark Boyko, 3605 South Fox, appeared before Council
and was sworn in by the Clerk . Mr. Boyko stated the license would
help the restaurant's shortcomings by selling mixed drinks.
Mr . William Green, 3605 South Fox, appeared before Council
and was sworn in by the Clerk. Mr. Green spoke in favor of the
license .
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April 9, 1979
Page 4
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Mayor Pro Tem Mann asked if there was any one else wish-
ing to speak in favor of the license. No one responded.
Mayor Pro Tem Mann asked if any one wanted to speak against it. No one responded.
COUNCILMAN SMITH MOVED TO CLOSE THE PUBLIC HEARING IF
THERE WERE NO CLOSING STATEMENTS FROM THE APPLICANT'S ATTO&~Y.
Councilman Weber seconded the motion.
Mr. Overton gave his concluding remarks in request that
Council grant the application to Mr. Daghlian .
Upon a call of the roll, the vote resulted as follows:
Ayes:
Nays:
Absent:
Council Members Weber, Smith, Harper, Clayton, Mann.
None.
Council Members Williams, Taylor.
The Mayor Pro Tem declared the motion carried.
Mayor Pro Tem Mann stated Council would make a decision
on the liquor application within 30 days and then adjourned the meeting at 7:30 p.m.
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COUNCIL CHAMBERS
CITY OF ENGLEWOOD, COLORADO
April 9, 1979
SPECIAL MEETING:
The City Council of the City of Englewood, Arapahoe County,
Colorado, met in special session on April 9, 1979, at 7 :00 p .m.
The invocation was given by Councilman Donald Smith. The
Pledge of Allegiance was led by Mayor Pro Tem Mann.
Mayor Pro Tem Mann asked for roll call. Upon a call of the roll, the following were present:
Council Members Weber, Smith, Harper, Clayton, Mann.
Absent: Council Members Williams, Taylor.
The Mayor Pro Tem declared a quorum present.
* * * * * *
Also present were : Assistant City Manager Curnes
City Attorney Berardini
Deputy City Clerk Johannisson
Deputy City Clerk Watkins
* ": * * * *
''!
Mayor Pro Tem Mann stated the purpose of the special meet-
ing was to hold a public hearing on a liquor application for Paul's Restaurant and Pizzeria.
* * * * * *
COUNCILMAN CLAYTON MOVED TO OPEN THE PUBLIC HEARING TO
CONSIDER A HOTEL AND RESTAURANT LICENSE FOR PAUL AND SHAKE DAGHLIAN
D/B/A PAUL'S RESTAURANT AND PIZZERIA, 3542 SOUTH FOX STREET. Coun-
cilman Weber seconded the motion. Upon a call of the roll, the vote resulted as follows:
Ayes :
Nays :
Absent :
Council Members Weber, Smith, Harper, Clayton, Mann .
None.
Council Members Williams, Taylor.
The Mayor Pro Tem declared the motion carried.
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April 9, 1979
Page 2
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Deputy City Clerk Johannisson appeared before Council
and was sworn in by the Clerk . Mr. Johannisson presented City
Exhibit A the file for the application containing the following
information:
l.
2.
3.
4.
5.
6.
7.
8.
Application
Notice of Hearing.
Letter dated April 2, 1979 to the applicant.
Financial documents relating to the business.
Financial affidavit for applicant.
Deed of Trust showing right of applicant to
property.
Diagram of premises showing liquor service
area.
Map of petitioning area with similar locations
identified.
Mr. Johannisson stated all fees were paid on February 12, 1979.
Mr. Johannisson presented City Exhibit B , the affidavit of posting.
Mr. Johannisson stated the City contracted the firm of
Oedipus, Inc. to petition the neighborhood to determine the needs
and desires of the neighborhood. He introduced Mr. Max Scott of
Oedipus, Inc.
Mr. Max Scott, Oedipus, Inc ., 1200 Pearl, Boulder, Colorado,
appeared before Council and was sworn in by the Clerk. Mr. Scott
presented City Exhibit C (1) through (7) the maps and petitions of
the neighborhood circulated. Mr. Scott presented City Exhibit D
his report summarizing the results of his survey. Mr. Scott stated
the survey resulted in 79 .797. of the people contacted felt the needs
and desires of the neighborhood are not being met and 20.217. felt
the needs and desires are being met .
Mayor Pro Tem Mann asked if the attorney for the appli-
cant had any questions to ask of Mr . Scott.
Mr. Sid Overton, attorney for the applicant, appeared
before Council . Mr. Overton questioned Mr. Scott on his occupational
background and the validity of his report.
Mr. Scott provided information and stated in his opinion
the report accurately indicates the needs and desires of the neigh-
borhood are not being met .
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April 9, 1979
Page 3
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There were no further questions for Mr. Scott.
Mayor Pro Tem Mann asked Mr. Overton to deliver his pre-
sentation for the applicant.
Mr. Overton called Paul Daghlian to appear before Council.
Mr. Paul Daghlian, 7169 South Webster, Littleton, Colorado,
appeared before Council and was sworn in by the Clerk.
Mr. Overton questioned Mr. Daghlian regarding his personal
and business background. Mr. Daghlian provided information and
g~ve reasons why he was applying for a hotel/restaurant liquor
l1.cense.
Mr. Overton presented Applicant's Exhibit A (1) and (2),
petitions taken in-house at the applicant's restaurant. Mr. Overton
also presented Applicant's Exhibit B and Applicant's Exhibit C,
letters written in support of the liquor application.
Mayor Pro Tem Mann asked if any one in the audience wanted
to ask questions of Mr. Daghlian. No one responded.
Mayor Pro Tem Mann asked if any one in the audience wished
to speak in favor of the application.
Mr. Howard Olson, 6240 West Canyon Avenue, Littleton,
Colorado, Manager of the Englewood Chamber of Commerce, appeared
before Council and was sworn in by the Clerk. Mr. Olson spoke
favorably of the restaurant and stated the hotel/restaurant license
would improve Mr. Daghlian's business.
Mr. Sterling Cable, 3601 South Fox, appeared before Council
and was sworn in by the Clerk. Mr. Cable stated the liquor license
would help the applicant's business.
Mr. Mike Simpson, 3225 South Garland Way, Lakewood, Colorado,
appeared before Council and was sworn in by the Clerk. Mr. Simpson
stated he services the restaurant with soft drinks and that he was
impressed with the establishment. Mr. Simpson stated the license
would improve its business.
Mr. Mark Boyko, 3605 South Fox, appeared before Council
and was sworn in by the Clerk . Mr. Boyko stated the license would
help the restaurant's shortcomings by selling mixed drinks.
Mr. William Green, 3605 South Fox, appeared before Council
and was sworn in by the Clerk. Mr. Green spoke in favor of the
license.
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April 9, 1979
Page 4
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Mayor Pro Tem Mann asked if there was any one else wish-ing to speak in favor of the license. No one responded.
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Mayor Pro Tem Mann asked if any one wanted to speak against it . No one responded.
COUNCILMAN SMITH MOVED TO CLOSE THE PUBLIC HEARING IF
THERE WERE NO CLOSING STATEMENTS FROM THE APPLICANT'S ATTORNEY. Councilman Weber seconded the motion.
Mr. Overton gave his concluding remarks in request that Council grant the application to Mr. Daghlian.
Upon a call of the roll, the vote resulted as follows:
Ayes:
Nays:
Absent:
Council Members Weber, Smith, Harper, Clayton, Mann.
None.
Council Members Williams, Taylor.
The Mayor Pro Tem declared the motion carried.
Mayor Pro Tem Mann stated Council would make a decision
on the liquor application within 30 days and then adjourned the meeting at 7:30 p.m.
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SPECIAL MEETING:
•
• -
COUNCIL CHAMBERS
CITY OF ENGLEWOOD, COLORADO
April 9, 1979
The City Council of the City of Englewood, Arapahoe County,
Colorado, met in special session on April 9, 1979, at 7 :00 p .m.
The invocation was given by Councilman Donald Smith. The
Pledge of Allegiance was led by Mayor Pro Tem Mann.
Mayor Pro Tem Mann asked for roll call. Upon a call of the
roll, the following were present:
Council Members Weber, Smith, Harper, Clayton , Mann.
Absent: Council Members Williams, Taylor.
The Mayor Pro Tem declared a quorum present.
* * * * * *
Also present were: Assistant City Manager Curnes
City Attorney Berardini
Deputy City Clerk Johannisson
Deputy City Clerk Watkins
* * * * * *
''1
Mayor Pro Tem Mann stated the purpose of the special meet-
ing was to hold a public hearing on a liquor application for Paul's
Restaurant and Pizzeria .
* * * * * *
COUNCILMAN CLAYTON MOVED TO OPEN THE PUBLIC HEARING TO
CONSIDER A HOTEL AND RESTAURANT LICENSE FOR PAUL AND SHAKE DAGHLIAN
D/B/A PAUL'S RE STAU RANT AND PIZZERIA, 3542 SOUTH FOX STREET . Coun-
cilman Weber s e conded the motion . Upon a call of the roll, the
vote resulted as f o llows :
Ayes:
Nays:
Absent :
Counc i l Members Weber, Smith, Harper, Clayton,
Mann.
None .
Council Members Williams, Taylor.
The Ma y or Pro Tem declared the motion carried .
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April 9, 1979
Page 2
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Deputy City Clerk Johannisson appeared before Council
and was sworn in by the Clerk. Mr. Johannisson presented City
Exhibit A the file for the application containing the following information:
l.
2 .
3.
4.
5.
6.
7.
8.
Application
Notice of Hearing.
Letter dated April 2, 1979 to the applicant .
Financial documents relating to the business.
Financial affidavit for applicant.
Deed of Trust showing right of applicant to property.
Diagram of premises showing liquor service area.
Map of petitioning area with similar locations identified.
Mr. Johannisson stated all fees were paid on February 12, 1979.
Mr. Johannisson presented City Exhibit B, the affidavit of posting.
Mr . Johannisson stated the City contracted the firm of
Oedipus, Inc. to petition the neighborhood to determine the needs
and desires of the neighborhood. He introduced Mr. Max Scott of Oedipus, Inc.
Mr. Max Scott, Oedipus, Inc., 1200 Pearl, Boulder, Colorado,
appeared before Council and was sworn in by the Clerk. Mr . Scott
presented City Exhibit C (l) through (7) the maps and petitions of
the neighborhood circulated . Mr. Scott presented City Exhibit D
his report summarizing the results of his survey. Mr. Scott stated
the survey resulted in 79 .797. of the people contacted felt the needs
and desires of the neighborhood are not being met and 20 .217. felt
the needs and desires are being met .
Mayor Pro Tem Mann asked if the attorney for the appli-cant had any questions to ask of Mr. Scott.
Mr. Sid Overton, attorney for the applicant, appeared
before Council. Mr. Overton questioned Mr . Scott on his occupational background and the validity of his report.
Mr. Scott provided information and stated in his opinion
the report accurately indicates the needs and desires of the neigh-borhood are not being met .
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April 9, 1979
Page 3
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There were no further questions for Mr. Scott .
Mayor Pro Tem Mann asked Mr. Overton to del iver his pre-
sentation for the applicant .
Mr. Overton called Paul Daghlian to appear before Council.
Mr. Paul Daghlian, 7169 South Webster, Littleton, Colorado,
appeared before Council and was sworn in by the Clerk.
Mr. Overton questioned Mr. Daghlian regarding his personal
and business background. Mr. Daghlian provided information and
g~ve reasons why he was applying for a hotel/restaurant liquor
l1.cense.
Mr. Overton presented Applicant's Exhibit A (1) and (2),
petitions taken in-house at the applicant's restaurant. Mr. Overton
also presented Applicant's Exhibit B and Applicant's Exhibit C,
letters written in support of the liquor application.
Mayor Pro Tem Mann asked if any one in the audience wanted
to ask questions of Mr. Daghlian. No one responded.
Mayor Pro Tem Mann asked if any one in the audience wished
to speak in favor of the application.
Mr. Howard Olson, 6240 West Canyon Avenue, Littleton,
Colorado, Manager of the Englewood Chamber of Commerce, appeared
before Council and was sworn in by the Clerk . Mr. Olson spoke
favorably of the restaurant and stated the hotel/restaurant license
would improve Mr. Daghlian's business.
Mr. Sterling Cable, 3601 South Fox, appeared before Council
and was sworn in by the Clerk. Mr. Cable stated the liquor license
would help the applicant's business.
Mr. Mike Simpson, 3225 South Garland Way, Lakewood, Colorado,
appeared before Council and was sworn in by the Clerk. Mr. Simpson
stated he services the restaurant with soft drinks and that he was
impressed with the establishment. Mr. Simpson stated the license
would improve its business.
Mr. Mark Boyko, 3605 South Fox, appeared before Council
and was sworn in by the Clerk. Mr. Boyko stated the license would
help the restaurant's shortcomings by selling mixed drinks.
Mr. William Green, 3605 South Fox, appeared before Council
and was sworn in by the Clerk. Mr. Green spoke in favor of the
license.
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April 9, 1979
Page 4
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Mayor Pro Tem Mann asked if there was any one else wish-
ing to speak in favor of the license. No one responded.
Mayor Pro Tem Mann asked if any one wanted to speak against
it. No one responded.
COUNCILMAN SMITH MOVED TO CLOSE THE PUBLIC HEARING IF
THERE WERE NO CLOSING STATEMENTS FROM THE APPLICANT'S ATTORNEY.
Councilman Weber seconded the motion.
Mr . Overton gave his concluding remarks in request that
Council grant the application to Mr. Daghlian.
Upon a call of the roll, the vote resulted as follows:
Ayes:
Nays:
Absent :
Council Members Weber, Smith, Harper, Clayton,
Mann.
None.
Council Members Williams, Taylor.
The Mayor Pro Tem declared the motion carried.
Mayor Pro Tem Mann stated Council would make a decision
on the liquor application within 30 days and then adjourned the
meeting at 7:30 p.m.
•
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(
•
SPECIAL MEETING:
•
• •
COUNCIL CHAMBERS
CITY OF ENGLEWOOD, COLORADO
April 9, 1979
IC-
The City Council of the City of Englewood, Arapahoe County,
Colorado, met in special session on April 9, 1979, at 7 :00 p.m.
The invocation was given by Councilman Donald Smith. The
Pledge of Allegiance was led by Mayor Pro Tem Mann.
Mayor ProTem Mann asked for roll call. Upon a call of the
roll, the following were present:
Council Members Weber, Smith, Harper, Clayton, Mann.
Absent : Council Members Williams, Taylor .
The Mayor Pro Tem declared a quorum present.
* * * * * *
Also present were: Assistant City Manager Curnes
City Attorney Berardini
Deputy City Clerk Johannisson
Deputy City Clerk Watkins
* * * * * *
''!
Mayor Pro Tem Mann stated the purpose of the special meet-
ing was to hold a public hearing on a liquor application for Paul's
Restaurant and Pizzeria .
* * * * * *
COUNCILMAN CLAYTON MOVED TO OPEN THE PUBLIC HEARING TO
CONSIDER A HOTEL AND RESTAURANT LICENSE FOR PAUL AND SHAKE DAGHLIAN
D/B/A PAUL'S RESTAURANT AND PIZZERIA, 3542 SOUTH FOX STREET . Coun-
c i lman Weber seconded the motion. Upon a call of the roll, the
vote resulted as follows :
Ay es :
Nays :
Absent :
Counc i l Members Weber, Smith, Harper, Clayton,
Mann.
None.
Council Members Williams , Taylor .
The Mayo r Pro Tem declared the motion carried.
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April 9, 1979
Page 2
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Deputy City Clerk Johannisson appeared before Council
and was sworn in by the Clerk. Mr. Johannisson presented City
Exhibit A the file for the application containing the following information:
l.
2.
3.
4.
5.
6.
7.
8.
Application
Notice of Hearing.
Letter dated April 2, 1979 to the applicant .
Financial documents relating to the business.
Financial affidavit for applicant.
Deed of Trust showing right of applicant to property.
Diagram of premises showing liquor service area.
Map of petitioning area with similar locations identified.
Mr. Johannisson stated all fees were paid on February 12, 1979.
Mr. Johannisson presented City Exhibit B, the affidavit of posting.
Mr . Johannisson stated the City contracted the firm of
Oedipus, Inc . to petition the neighborhood to determine the needs
and desires of the neighborhood. He introduced Mr. Max Scott of Oedipus, Inc .
Mr. Max Scott, Oedipus, Inc., 1200 Pearl, Boulder, Colorado,
appeared before Council and was sworn in by the Clerk. Mr. Scott
presented City Exhibit C (1) through (7) the maps and petitions of
the neighborhood circulated. Mr. Scott presented City Exhibit D
his report summarizing the results of his survey. Mr. Scott stated
the survey resulted in 79.79% of the people contacted felt the needs
and desires of the neighborhood are not be i n g met and 20.21% felt the needs and desires are being met.
Mayor Pro Tem Mann asked if the attorney for the appli-cant had any questions to ask of Mr. Scott.
Mr. Sid Overton, attorney for the applicant, appeared
before Council. Mr. Overton questioned Mr. Scott on his occupational background and the validity of his report .
Mr. Scott provided information and stated in his opinion
the report accurately indicates the needs and desires of the neigh-borhood are not being met.
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April 9, 1979
Page 3
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There were no further questions for Mr. Scott.
Mayor Pro Tem Mann asked Mr. Overton to deliver his pre-sentation for the applicant.
Mr. Overton called Paul Daghlian to appear before Council.
Mr. Paul Daghlian, 7169 South Webster, Littleton, Colorado,
appeared before Council and was sworn in by the Clerk.
Mr. Overton questioned Mr. Daghlian regarding his personal
and business background. Mr. Daghlian provided information and
gave reasons why he was applying for a hotel/restaurant liquor license.
Mr. Overton presented Applicant's Exhibit A (1) and (2),
petitions taken in-house at the applicant's restaurant. Mr. Overton
also presented Applicant's Exhibit B and Applicant's Exhibit C,
letters written in support of the liquor application.
Mayor Pro Tem Mann asked if any one in the audience wanted
to ask questions of Mr. Daghlian. No one responded.
Mayor Pro Tem Mann asked if any one in the audience wished
to speak in favor of the application.
Mr. Howard Olson, 6240 West Canyon Avenue, Littleton,
Colorado, Manager of the Englewood Chamber of Commerce, appeared
before Council and was sworn in by the Clerk. Mr. Olson spoke
favorably of the restaurant and stated the hotel/restaurant license
would improve Mr. Daghlian's business.
Mr . Sterling Cable, 3601 South Fox, appeared before Council
and was sworn in by the Clerk. Mr. Cable stated the liquor license
would help the applicant's business.
Mr. Mike Simpson, 3225 South Garland Way, Lakewood, Colorado,
appeared before Council and was sworn in by the Clerk. Mr. Simpson
stated he services the restaurant with soft drinks and that he was
impressed with the establishment. Mr. Simpson stated the license
would improve its business.
Mr . Mark Boyko, 3605 South Fox, appeared before Council
and was sworn in by the Clerk. Mr. Boyko stated the license would
help the restaurant's shortcomings by selling mixed drinks .
Mr . William Green, 3605 South Fox, appeared before Council
and was sworn in by the Clerk. Mr. Green spoke in favor of the
license .
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April 9, 1979
Page 4
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~~~----------
Mayor Pro Tem Mann asked if there was any one else wish-
ing to speak in favor of the license. No one responded.
Mayor Pro Tem Mann asked if any one wanted to speak against it . No one responded.
COUNCILMAN SMITH MOVED TO CLOSE THE PUBLIC HEARING IF
THERE WERE NO CLOSING STATEMENTS FROM THE APPLICANT'S ATTORNEY. Councilman Weber seconded the motion.
Mr. Overton gave his concluding remarks in request that Council grant the application to Mr. Daghlian .
Upon a call of the roll, the vote resulted as follows:
Ayes:
Nays:
Absent:
Council Members Weber, Smith, Harper, Clayton, Mann.
None.
Council Members Williams, Taylor.
The Mayor Pro Tem declared the motion carried.
Mayor Pro Tem Mann stated Council would make a decision
on the liquor application within 30 days and then adjourned the meeting at 7:30 p.m.
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ROLL CALL
Moved Seconded
Wil11aml:
Ave Nav Abstafn Absent
-~ .. . t...t--Smltr.
Harn~
Clavton
Mann
lT.ayor T~y_l r.u
;' l4 f3M I./?.cl -)~
ft:~~--'
• I . .
• •
• -
• •
ROLL CALL
" eel s d d A Na Ab taf Ab t OY econ e ~Ye IY 5 n sen
Williams ,__
Wl'bPr <+ v-
~ltr. _v
J:larou:_ v
Clayton 1L
Mann v-
Mayor _! ay_'_Er v--
• I . •
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• •
ROLL CALL
Hoved Seconded Ave Nay Abstain Absent Wi ll1am!> v v -~ .1.-v--:,mltf'l ~
...HarD.tt_ ~ v Clayton v Mann 7
Mayor Ta y_1~r ~ J,;--
I . .
• •
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ROLL CALL
Moved Second d @ Ave
William s Nav Absta fn Abst!nt
~.~ .......... <...L
Sm1t r.
Harntt_
Clavton
Mann
-,.yayor Ta y_'.Er
14J. <>£ ...... z~"'b ic(Y'n
~ Jt!td-n~~, ~~ ~ ~
cr 4&-.. U>~ ~ ~r
'j-hb~~~ .
~~~A-iff3 .
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---~-------
ROLL CALL
Moved Seconded Aye Nil.}' Absta fn Absent William$
WPh~r <..L-. :>m l t n
JfarO:t:r_
Clayton
Mann
Mayor T~"Y.:Er
~trryc I ua, M oo SJLMY. 1 ~
(]~ -r,;v ~ _dj ~J
~ Q·&~~ (l_{f)-(7)
~d~vr~~
~%~(D) '7/·-~
-d-~~
-'ft?eg {1;t'>LUe:,tz£, \ ~ /
!Jlj l).fU (ll [., -()_ <J_ h__d --<. J. a_ ''-U ? 1~---;;;;:; ZZd
J 7 _,k_ !~"'-J ?I ,/)~<§'0-{;( .
gd ~~) ~d c/ ~~ ~~Ut!uJ) _ :J:::;u_ ~ _fl¥. ~u-Z£~~taL~
-~ ~ n~ ~» /)~
d-~L( (}.~~ ~ ~
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~--------
ROLL CALL
Moved Seconded
Wi 11 iams
Aye Nay Abstain Absent
IJoh .lJ-,
~m 1 t n
fiaro!!r__
Clavton
Mann l
Mayoriaz:t_E r
0
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---~-==--=-""~-
ROLL CALL
Hoved Sec d d on e Ave Wi 11 fam!l Nav Absta1n Absent
w .. h;; cJ.--
:sm1t n
H<iro~
Clavton
Mann
fofayor Ta y_'Er
• I .
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• •
ROLL CALL
Hoved Second~d
WillfamJ; Ave Nav Abstain Absent
w .. h .. r <I--
!lmitr.
Hirott_
Clavton
Mann
Mayor Ta y_1 r:r
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ROLL CALL
Hoved Seconded Aye Nay Abstain Absent Wflliaml'
w~ ~
Siilffr.
Ha-rott_
Clavton
Mann
I Kayar Ta yJc:r
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ROLL CALL
HeelS ndd OY eco e A 'Ye N ay Abstain A bsent
Wi1111lm!\ ~
V' -... ~h;-,; cL £...--
v-Snlfth ,_
Haroer L--
Clavton 1.--
Mann I
Mayor Ta /~E U v-, ___
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ROLL CALL
Hed S ndd OY eco e ~e ~ s n sen WilHam~
~ ...w.e.be..r_
A N Ab tat Ab t
~"!.!.!.n
.!::::::::::.
_Hirott_
Cl~ton
Mann
__l"!_ayor ..!. ay_•_Er
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AGENDA FOR THE
SPECIAL MEETING OF
THE ENGLEWOOD CITY COUNCIL
APRIL 9, 1979
7:00 P.M . Call to order, invocation, pledge of allegiance
and roll call.
1. Public Hearing.
(a) To consider a hotel and restaurant license
for Paul and Shake Daghlian d/b/a Paul's
Restaurant & Pizzeria, 3542 South Fox Street.
(Copies enclosed.)
2. Adjournment .
[fi~J./}1~ AN:ac COWN
City Manager
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COUN CIL ACT ION REQUEST
LIQUOR AND 3 .2 BEER OU TLETS
APPLICANT:
Paul & Shake Da~hlian
Paul's Restaurant & Pizzeria
3542 South Fox
• Englewood, CO 80110
TYPE OF ACTION REQUESTED:
Public Hearing -Hotel and Restaurant License.
POLICE AND FBI REPORTS:
Requirement waived because applicant possesses a current
Heer & Wine License.
PREVIOUS CITY COUNCIL ACTIONS DURING PRIOR TWO YEARS,
EXCLUDING ANNUAL RENEWAL:
Granted a Beer and Wine License in August, 1977.
CITY ATTORNEY'S REVIEW:
C CJ.V.ffiNTS:
Personal history forms are not included as applicant possesses
a current Beer and Wine License ....ti• a-le used only as a source
document for a background investigation. All property and
financial data are included to comply with State of Colorado
requirements .
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OR L. •0, (Rev. 7/78}
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STATE OF COLORAOO
DEPARTMENT OF REVENUE
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DO NOT WRI TE I N TH IS SPA CE
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APPLICATION FOR A LIQUOR LICENSE
Th is application must be fll~d with th t Colorado Liquor En fo rct Division, Stott Cap itol Anntx
Building, 13 75 Sherman Strttt, Otn vu, Colorado 80261 , t<ltphont (303) 839-3 74 1. No lictnst
will bt gronttd until tht application hQs bun opprovt d by tht Lo.l L l e~erw i ng Authority .
IMPORTANT: CHECK THE APPROPRIATE BOX FOR THE TYPE OF LICENSE lS I BEING
API'LIEO FOR . THIS IS AN ORIGINAL APPLICATION ANO A COPY MUST BE KEPT IN
YOUR FILES FOR REFERENCE WHEN APPLYING FOR RENEWAL LICENSES.
0 RETAIL LIQUOR STORE LICENSE -City
0 RETAIL LIQUOR STORE LICENSE -County
0 LIQUOR LICENSED DRUG STORE -City 0 LIQUOR LICENSED DRUG STORE -County
0 BEER 6 WINE LICENSE -City
0 BEER 6 WINE LICENSE -County
0 CLUB LICENSE B HOTEL 6 RESTAURANT LIC. -C ltv II County
8 TAVERN LICENSE -C i ty 6 Countv
RACE TRACK LICENSE
0 ARTS LICENSE
$1 77.&0
S2&2 .&0
$177.&0
1212.&0
$152.&0
S237 .50
$110.00
$301 .25
1301 .2&
$301.25
$110.00
0 LIMIT!D WI NEillY LICE.NSE S 25.00
0 WINERY LICENSE (10,000 Bond Roqu l •od l S 250.00
0 WHOLESALE BEER LICENSE" S 5 00.00
0 WHOLESALE LIQUOR LIC . ($10,000 e cnd AltQu i r ~) $1000.00
0 DISTILLERY LICENSE ($10,000 Bon d Requi red ) $1000.00
0 RECTIFI ER LICENSE ($10,000 Bond Requ i red } $1000.00
0 IMPORTE I'I 'S LICENSE S 250 .00
0 BREWERY (BEER) LICENSE S 260.00
0 PUBLIC TRANSPORTATION LICENSE .. ch ... $ 2 5 .00
{ltl ane bu1, carl
•May R~quirt Bond
The undersigned hereby makes application for a state license as Indicated above, under the provisions of Title 12, Art icle 4 7, CRS
1973 as amended, and for that purpose makes the following ans wers to the questions contained In this application. Every applic able
question must be answered. Any fa lse answer or statem ent made by the app licant constitutes perjury and the person m aking su ch
false statement subjects any license issue d herein to revocat ion.
ALL ANSWERS MUST BE PRINTED IN INK OR TYPEWRITTEN
( 1. N.mo of Applic:8nt(sl : PAUL H. QAGHLINi and
157-36-9547
Socill Security Nol54-40-030S
SUAKE rr ·DAGHI.tAM
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2. T..-Niml: PAUL'S RESTAURANT ' PIZZERIA 8UIIIWII Telephone : 761-7121
3 . Addr-of~-to be licenlld : (Exact L ocation of prtmls~s must tn 9l11tn . Give ttrMt end number. where possible. If place to be licenMd
it located in 1 town or rurel district where it it impossible to give street end nu mber , the lot and block number or P8rt of sect•on v;.ere lo-
-ed must b1 giwn : 3542 South Fox Street
4 . City or tC>W~: Enql!IWOOd Zip Code: 80110 County : ArapoMe Col o .
Moil ing Add.-..: 3542 South Fox Street, Enqlewood, Colorado Z ip Code: 80110
5 . Do you hew leg.l poaeuion of the premiMt for which th11 application for license is made? ~ YES 0 NO
6 . Are thl prtmiNIQ OWNED 0 RENTED 7 If rented , f •om whom : __ N::.:£_,A,._ ___________________ _
1 . It eppliC8ntts) or ell officers of the corporat ion cit izen (&) of the Uni ted Statet7XKI VES 0 NO
8.
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·If enswer 11 no, gtye Allen '& Aeglltretlon C.rd No .
It the eppiQnt, or eny of the perti'W"..re or off tcer~ stockholders or directo rs o f sa •d epplieant (i f e corpor1tion I or employees of eny such
under the ege of twentv-one yMn? V £5 A.J NO
He& the ..,.,licent, or 1ny of the ptrtMt'l or off icers, stoc:.iAQ iders or d irectors o f u1d appl icant (1 f 1 corporetion) ever been convk:ted of I
crimolntht ltlte .ofColorodoortl-.ere7 0 YES ~ NO
If 1n1-il¥"· ltlltl full dltllla: --------------------------------------
10. Hel theepplk:ent, or env of the oertnen or officers, direc:tort or stockholden o f said applicant (i f 1 corporetion) ever :
(I) bltn dtnied t lic:8n11 undtr this liquor llw7 0 V ES :tJ NO
(b) htd 1n •lcohollc btwrlllf li""n• su-ndtd or rovoked 7 0 YES XXI NO
If en..,... it yft, ••plain (ettech ...,., ... theet 1f ntcet~~ry): ----------------------------
11 . Are theM pr1ml-now lietntd undlr t he Sttto L oquor LAw o r Bte• Codo7 I§ YES 0 NO '.&.
If--ia Y"· to whom,. tho l oeen• 11su ed 7 Paul H. Daqhlian and Shake 1 Daghlian
Stttt Ltc:.n11 No . 11-90495
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12. Do you haw a Colorado State SaiM Tax Account? 0 YES 0 NO If ons-r is yes, give Account No. _j.l.,..:-:..9::..l~~:>.;Q"-X(i'-------
13.
14.
Do you or any memben of your family h.,.. a financial interest i n any other hQuor license? 0 YES ~o
(Such interest may include any equity int&rest or loan.)
If the answer is vn, explain in detail : None except the llii'J.St:inq' ~ atld~:>Libenae
... tUe subjectP:atial.
Does any peno~ firm or corporation have a f inancial interest , evidenced either by loans or equttv ownership in the business, tor wh1ch t h ts licenM!
ts requntld7 u YES SXNo
If the answer is vn. nate the names. Midreu end amount of such f inancial interest expreued either in dollars or other items of va lue , 1u ch as m \le n ·
tory, furniture , f ixtures and equipment . (Use~eP~rateshHt if neceaary):
None except the applicants, Chatfield Bank and U. S. Small Business
Administration.
16. list the names and eddri'SMI of all butineues in which any of the persons in the previous question are interested. (Use MOef'lte sheet if necesserv )
16.
Name Bus ine ss AddresJ.
N/A
Are thetl premitls located wiUM8 500 flit of any premises occupied by a pubfic or perochtalschool, or the principel campus o f any co ll ege, untver·
sity or •minery7 0 YES ~o
If •mwer isyet,IJCPI•in : -----------------------------------------
17. Do you haw a Drug Store Liconoo 1-by tho Colorado Stoto Board of Pharmacy 1 0 YES II NO Licenu No.
18. Are you or do you employ • Registered Pharmecist in the St•t• of Colorado? 0 YES XINo If yn, give Licen• No.
19. IF THE APPLICANT II AN INDIVIDUAL , ANIWER THE FOLLOWING :
(a) Glw tha name, addr011 (including city) end dote of b irth of the applicant:
Nomt of Applicant Homt Add,.ss & City Dot• of Birth
N/A
(b) If miMglr of the busi~s~ •I not the ~licant , MnSMr t he followeng :
Nomt of Mof'ID9'r Homt Addrw & City Dort of Blr th
N/A
20. IF THE APPLICANT IS A PARTNERSHIP, ANSWER THE FOLLOWING :
(8) Give the I'Wnl, Mtdreu (including city) 1nd dllte of b irth of e.ch partnl'f (u• ...,.,.,,sheet if necesury):
Namt of Portntr Hom~ Address & Cit y Datt of Birth
PAUL H. QAGBLIAN 7169 S. webster Street. 3-7-26
Littleton, Colorado
SHAICE ''ll ~·_..:__L;_I_AN _____ _ 7169 s. Webster Street,
Littleton, Colorado
8-15-31
(b) G.w me neme, ectctr .. (including ctty) •nd date of btrth of the manager :
Namt of Mtlfttl~r Homt Addrtss & City ()Qtt of Birth
PAUL H. DAGHLIAN 7169 S. Webster Street, 3-7-26
Littleton, coiotaao
(c l When dtd u td pennenhtp (except husbllnd and w tte P8rtnershtp) commence dotng bustne~s 7 (Uuaband And Wife)
(Submtt a copy of me P«tnet'lhtp egreement whh this aOPiteation.t
21 . IF THE APPLICANT IS A COIII'ORATION, ANSWER THE FOLLOWING :
I• I Corpor•t•on 11 org~nt.Led undef the t.ws of the State ot
N/A
Dote : ------------
(b) Pnncipal bull,_ 11 conduc:tod at -------------------------.County of --------------.Steteol --------~------
(cl Dltt ot f•hntlert annuel COf'I)Of'lte rl4)0rt to tht Secretary o f Slate : ---------------------------
tdl Lis1 me'*"'· home addl'ftl (tnduding city ) end date o f birth for each of the officers listed below:
Namt of Officn Home Address & Cit y Dort of Birth
_,....,., --------------------------------_____________ _:;N:..:/..::A::_ _____________________ _
Vlce·PrMIMnt 1
Treesurer t
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'ie'f Lilt all Jtock~derl owning or controlling the cap!U I stock of the con>ore tion . Include actual owner or p ledgt!'e .
{Continue on aeperete sheet 1f nec:esur-v J
Nom~ of Stocltholder • N/'A
fU L'" aU d•,-ecton In the COf'PCM"Itlon
Nome of Director
N/'A
(Cont.nue on MPerat• st'l"t 1f necnserv .l
Hom t AddrtSJ & Cit>
%Stock
October 3, 1977 22. When d id you pur~ or n.en: operet.ng thll business? 01te : ____ _;:___;:___,:_..:;___; _______________ _
If P<Jrd••*· from whom ?-----------------------------------------
23. Give the Nln.t of thrM ri1PQntible cherecter references wt'lo cen vouch for your queltfic.t•ons end desirebili t y es 1 li censed ooeretor . show •ng the
number of v•n you hM knOWin eech .
24 .
NorM of R~f~rtnct Address {In clude cit y, state ond ~lp )
Michael G. Grover, 7173 s. Webster, Littleton, Colo. 80123
Steve Blair, 672 Birch Street, Denver, Colorado 80220
Ch~h7lze8 --Greeri, 6570 West David, Littleton, Colorado 8012 3
List below your busineu or employment record for the past five veers (Use separate sheet if necessary .)
N o. Yf"ors /\no""""
2-1/2
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Firm M1~M & Addrrss Yo ur Po sition Do tt Em ploy <d Suf1'rvlso r 's Nome
Paul's Restaurant ' Pizzeria owner 4-64 to 7-76 Self
545-1/2 Onion Slvd.
'let:ewe 1 Uew Je~••J
{ IF THIS APPLICATION IS FOR A CLUB LIOUOR LICENSE , ANSWER QUESTIONS 21i THROUGH 32.
\._ >.club m.ns a corporation which has been incorporated for not leu than f•ve yean, and wh ich has had a membership that has paid dues for a period of at
1-.t five ye.n, and which , for five v•rs, has been the o""ner .leuee, or occupant of an establishment operated solely for objects of national . social , freternal ,
petrlotic, politicel or athletic Nlture , but not for pecuniary gain , and the property, as well as the advantages of which belong to memben. Also , a club may
be 1 corporetion which is 1 regulerly chartered branch or lodge or chapter of a national organization , which has operated solely for tl"le objects of a petri ot ic
or freternal ore-nizatjon or society, but not for pecuniary gain .
25. State the namn and r•ict.nces of principal officers of seid applicant together with the office held of said persons :
Nom< of Offlctr N/'A Hom• Addr<ss & City Office Dott of 8 /rrh
MANAGER
26. Stete the nemn end rnidences of the d irectors or trustees of uid a pplicant organization . I Use separate &hHt If necnury .)
27 .
28.
29 .
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31 .
Nomf" of Director/ (rusttt Ho m t Address & Ci t y Dote of Birth
N/'A
!l.theeppltce nt org~n i ZitiQQ ~lted solely for a national , SOCial. fraternal . patnotlc, political or tthletic purpow and not for pecun•ary gam?
U YES 0 NO Mfl\
Stete whether member& of u id club or essociation ere elected at reguler meetings of members or by the board of d irectors or other govellfung body
or in whet manner mem~iJ:o elected :
N/A State whether en initiation fee is peid to secure membershiP in w.ld club end the amount thereof : __ .....; ____________ _
N/A State the ennuel duet or fHs peyeble by members of 11 id club for suctt meml)t!nhip : __ .;__ _________________ _
NtA
How long hn ~lic.nt occupted premiMI to be lice nMd as a cl ub?
32. Does eny d istillery , brewer or brewery , wi nery w J'Ci oltuler heve any direct or mdi rect financ ial intent in the business for which this appUeat lon
for llctnM is mode7 0 YES 0 NO 1'/ ft
If IOSWif is VIS,II(plein :
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I' IF TlfE APPLICANT IS A MANUFACTURER OR WHOLESALER, ANSWER QUESTIONS 33 THROUGH 311 .
33. Siro:e wNt dote hn oppliCIInt occuped premiMS to be licensed? __ _.N::..L..U..-----------------------
34.
J5.
36.
37.
Does applicent own, Ieete or operete eny warehooM or storage plant'" connectton with its busineu ? D YES 0 NO
If enswer is yn, give details: N/A
Ooet the epplic.nt tor eny of the partners, officers, d irectors or stockholders of se td epplicent) have any direct or lnd•rect f tnancie l interest '" tl"le
business of setting malt, vinous or IPiritous liquor at retail? 0 YES 0 NO N/A
Does the 8PPiicant (or any of the partners, officen, d.rKtors or stockholders of sa id ...,ph cant) have anv interest tn eny other ""'"erv . brewery
dist illery or any rwtailliquor erublishrnent? 0 VES 0 Nc Do eny of them own . e ither d irectly or lndtrectl't','" whole or '" oan . t h e
premi .. to be occupied by the appltc.nt or any of the f ixturH7 0 YES 0 NO N/A
~~r':to::':ii:;: ;::;{.~~~:~:~~~ ~:-~';:;:! :~~ =~~~~~i:-::i~t~~~ ~~~~c:~::: =ry tf'~~ery 0 ~·~a d l•au or esta blishment , h a~
If antwer il yes, give det.ils: N A
38. To whit Coloredo wholeuler do you intend to ship your merchandise?
39 . Are you the prim.rv source of supply in the U .S .? 0 YES 0 NO N/A
AFFIDAVIT
(This offidovlt Is toM signed and ocknowledgtd by /ndividuol, tach membu of partnership ond by corporation applicants.)
STATE OF COLORADO
Countv ot ARJlPAHOE
Paul H. Daghlian
ss.
end
Shake' T. Daghlian
being by mo lim duly -n. if for him•lf . depoMS and AVO: thllt he io the opplant obo.,. nemed, or that he is (title) ------------
of the ebove named corporetion ; thet he has riNd the foregoing -.:»Phcetlon end thet he knows the contents thereof, and that all mettersand t hmgs there•n
•t forth ere true of his own knowledge end he agrees to conform to ell rules and reguletions promulgated by the State Oep.rtment of Revenue '" connec·
(. .i on therewith.
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ATTACH SEAL _/ .... -...
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CotpOrotiono algn here: (CORPORATE SEAL)
My Comm1sslon oxplrts : ~/,.1-?f (Corporate Name)
BY:
(President or Secretary)
REPORT AND APPROVAL OF LOCAL LICENSING AUTHORITY
(Monufocturers , wholesoltrs, imporrtn and public transportation sys tem s disregard this section.)
The foregoing epplic:etion has been exam1ned and the prem•teJ. busineu conducted end character of the applicant is utisfectory , 1nd we do report that such
licente, if granted. will meet the reeeone~a reQu irements of the neighborhood and the desires of the tnhabitanu , 1nd complill with the provisions of Title 12,
Article 47, CAS 1173 nemendod. THEREFORE THIS APPLICATION IS HEREBY APPROVED.
Ootod et th il ------day of -------------, A .O. 18 --.
AT: ----------------~--~----~-------------------------(Name of town , city end countv)
BY : -----------------------------------------------------(Mavor, cnelrman of board of c:ountv commlulonen or otner title of llcenslnt euthCHtty .)
ATTEST :---------------------------~~--~~~--~~~~~-
(Cterk , ~ecretary or other officer hlvlnt the offlclel 1111 of the licensing euthorlty .)
{lr thl gremi .. are loc.tld within a town or ci ty , the above approvelshould be signed by the mayor and clerk ; if In 1 county , then by the ch1irm1n of the
belfd of'-.:)unty commiuionen and the clerk t o the ~rd . If , by ordln1nce or otherwise, the loc1l licensing authority is some other offlc11l , then such IP·
pr'WOI -ohould be gi-by .. ell otficiel .l
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PUBLISHER'S AFFIDAVIT
S TA TE OF COL ORA DO.
J "''tNTYO F
\ Arapa hoe
Jere 11 . Caswall
d o solemnly swear that I am the
Co-Publisher
ISS
I
ot
Eng lewood Herald .SE!ntinel
that the sa m e ts a week ly newspaper published
m the C tty of . Englewood .
County o f Arapahoe
State of Colorado. and has a general circulation
the rem , that sa id newspaper has oeen published
continuously and u ninterruptedly i n sa id
County of Arapah()E!
tor a ~enod of more than 52 weeks prior to the
first publication of the anne11ed notice, that said
newspaper is entered in the post office at
(
.Englewt>q9 ...... .
c~i orado . as second class mall mener and that
the s1uct newspaper is a newspaper within the
mean 1ng ot the act ot the General Assembly ot
the State of Colorado , approved March 30, 1923.
and entitled "legal Notices and Advertisements''
and other acts relating to the printing and
pubhshmg ot legal notices and edvertlsments ;
that the annexed notice was published In the
regular and entire Issues of sa id newspaper ,
once ea ch wee k . on the same day of each wee k
to r th e penod ot
1 ~i nserti ons , that the first
pubhcat 1on of sa1d newspaper dated
FP.brm•ry 2R 1!7Q an d the
last pubhc allon ot sa id not1ce was m the Issue of
sa•d newspa per dated
F P.bru.qry 2 ~ 7°
19 . ~11-~~"1.0~4:/li . 7 • Signature and T1t1e
Su bscri bed and swor n to before me. a Nota ry
( C. thiS lst d ay ot
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11otfce
OF' PUBLIC HIAIIING
ON A LIOUOII LICINU
APPLICATION-HOTIU
MITAUIIANT
Notice ie ......., ...... ....
...,. will lie •IIUMc ......... on
........,, April 1, 1111, .. 1:00 I
p.m., in tllo Citr Council
Cllombero, Cltr Holt, J400
Iouth lloll, ln1tewood,
Colorllllo, to -..., on op-
plicotjon .... ,___._.,.
liquor ......... 11J Pout H. ond lhoU T. D ........ c1bo p_,.
........... ond ..._.., 3142
~=.::...F'ox, ln11owood,
The oppllcont 11 •I l*tnonlllp:
Pout H. D .... flon-71 .. '·I Webeter llreet, Littleton, ~-D ... ofBirtlll-7-21
.....,er.o........,_71111.l Webete~ llreet, Littleton,'
ColorOdo -D81e of 8irt11 1-11-
1
11 . c..........,. the .......... of INicl ~.the cttr c-.
cHIIIelconelderthe,_.....
requirement• ot tile
ftl ........ llood ond the ........ of the~ • ......_...,
petition, remonatrencee or
olherwiee.
By order of the Cftr Council of
the City of I,...__, 81 i1t1
"'"'ina on,........., 20,1111.
lei Williom D. J-
ex olllcio Cltr Clerk/
Tre-
. Publialled: F'ebruery 21, 1t7t.
jlnalewooct hnllftll
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TO : CHATFIELD BANK, LITTLETON . COLORADO
Tite foUowing is subm itted for the purpose of proc unng, esta blhhmg and maintaining credit with you in behalf of the undersigned
or persons, firms or corporations in who e behalf the u n de r ig ned may tither sevrrally or jointly wtth others execute a guarant y in
your favor. The undtrsigned warrants that tlus financt al sta t<mtnt is true and correct and that you may constde r tillS st atemtnt as
continuing to be true and correct until a wrilten notoce of a change is given to you by t he undersigntd .
February 13, 1979 C'ONriDI:NTIAL PI:.RSONA L STATEMENT
Date of Statement
Nome Address Ttleph<'ne No
Paul Daohlian 35112 s Fox E nQ 1 e~tood __cu _80l_lfi l6 l c712l
Business and Posi ti on Address Telephone N o
Res taurant -Owner Same Sat of>
PLEASE DO NOT LEAVE ANY QUESTIONS UNANSWERED . USE "NO" OR "NONE" WHERE NECESSA RY.
ASSETS In Even Dollars liABILITIES In [,·en DoUars
Cash in Chotfield Bank 11 000 loans Du< to Chatfield Bank (Sch. G)
Cash in Cbatfield Bank 4 500 Loans Due Bank (Sch .G)
Muketable ~curities-sec Schedu le A Other Lo an s Payable (Sch .G)
!"on-Marketable Securities-S<e Sched ule 8 In sta lmen t Loans (Sch . G) 1 _50!)
Securitie s held by broker in margin accounts Due to brokers
Partial Interest in Real Esllte Equities-Accounts and bills due
see ScheduleC Unpai d Tues
Real E>tate Owned -See ScheduleD 400 00'1 Re:.l estat e mortJ!ages payable -sec ScheduleD 153 504
Loans Receivable Olher de b ts -Itemize
Automobiles and oth<r personal orot><riY _11 150
CISh value-life insurance-see Schedule E
Business in terests-see Schedule F J?n 0'10
\, er ossets-iremize:
ash: Continental Bank finn
Business £QuinmPnt fit; nnn TOTAL LIABILITIES 155 004
NET WORTH 33R 446
TOTAL ASSETS 4q3 450 TOTAL LIAR . A."D I"ET WO RTH _4_93_ A5.Q_
ANNUAL INCOME AND EXPENSE PERSONAL AND GENERAL INFORMATION
Re~ular Compensation s 45 000 Age 52 Number Dependen ts 3
Bonus & Commissions s Social Secunty No. 15 7-36_-95_4Z_
Dividends & Interest s Do you have a will? l!fS If yes. name o f executo r.
Real Estate In come s
Other In come s Pauline Daghlian
TOTAL s 45 000
CONTINGENT LIABILITIES
Are yo u a partner or officer in an y o ther venture ~
Do you have any contingent liabilittes" s
As endorser. co..millker or ~arantor s
On luses or contracts s
no
Are you obli~ated to pay alimony. child support . or maintenance payment s~
If so, descri be . no
lt:j:al cla.im\ s
Oth<r •pwtl debt s Are an)' assets pledged1
Am oun t of ron tested income ta K litns s yes
BANKING INFORMATION Are you defe ndant in any suits or legal act ions1 It Hfi<ld Checking Account(s) No(•). 020 343 no
<.11at l1<l d S.vin&• AO<uunt( ) No(s).
Have you ever taken bankruptcy7 l:xplam :
Oth<r Yanks you U~e no
(COMPLETE CHEDULES AND SIGN ON REVERSE SIDE)
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No. o f Sha re s o r
face Value (Bond•)
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Descriptio n In Name Of Market Valu e Source of Valu e
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SCHEDULE B-NON~\IARKETABLE SECURITIES
No . of Shllres ~ook Value er No. of Shares Description of Securities Owned Financial Statement Outstanding Total V:a lue
Dated :
SCHEDULE C-PARTIAL INTERESTS IN REAL ESTATE EQUITIES
' "or Yr . of Cost (C) o r Value or Locatlon of Property Ownership Type Purch . Muket (M) Mortgage l:.qu ity
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SCHEDULE D -REAL EST ATE OWNED
llesc:ription of Property Date Title in Name of Cou Morket Mortpge
....... and Improvements Acquired Value Amount Maturity
35425 Fox 12/76 Paul/Shake' 65.00() 1Ro_onn 1F;<;F; nn , , /0 ?
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SCHEDULE E-LIFE INSURAN CE CARRIED ,INCL. N.S.L.I. AND GROUP INSURANCE
Face Amount
" of Ownership
1nnor.
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Nome of Company Beneficiary Cnh Sunender Loans Value
SCHEDULE F -DESCRIPTION OF BUSINESS INTERESTS
Nome of Compony loation Position Held. Cost Market
or Venture if An y Value
p,.,,, c: J:l .. ct u r;ount ':II:A ? C: t:", n. l??n nnn
Payable To
SCHEDULE G -INSTALMENT NOTES OR NOTES PAY ABLE
How Se cured Oriainal Balance Amount
TH E U DERSIGNED CERTIFIES THAT BOTH S ID ES HEREOF AND THE I NFO RM ATI O N IN-
SFRTED THEREIN HAS BI:EN C AR EF ULLY READ AND IS TRUE, CORUCT AND COM PLETE .
How
Pa yable
SIGNATURESG:<-{ II :Pa-~~.4
DA7r.sbrn 194 SIGNATUR~_.Ag . ~lt.d.lda 1
(USE ADDrTIONA L SCHEDULES WHEN NECESSA RY)
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FINAN CI AL AF F IDAVIT
OF
PAU L H. DAGHL IAN a n d S HAKE ' T. DAGHL IAN
d/b /a P a u l 's Res aur a nt & Pi z ze r ia
3542 South Fox Stree t, Englewo od, Colorado 80 110
RE: Hotel & Restaurant Li q uor L ice ns e Application
Dated February 9, 197 9
STATE OF COLORADO
COUNTY OF ARAPAHOE
55
BEFORE ME, a Notar y P ublic, p ersonal l y a p p e ared
PAUL H. DAGHLIAN and SHAKE' T . DAGHLIAN, who, a f ter fir s t
being first duly sworn, upon their oath, depose and say:
1) That our names are PAUL H. DAGHLIAN and SHAKE'
T. DAGHLIAN, respectively , and that we are husband and wife,
and that we reside at 7 169 South Webster Street, Littleton ,
Colorado.
2) That we are the owners of Paul's Restaurant &
Pizzeria located at 3542 South Fox Street, Englewood, Co l orado .
3) That we are t he p resent holders o f a Bee r and
Wine License l ocated at our r es tauran t at 354 2 Sou th Fox
Street, En g l e wo o d, Co l orado.
4 ) That on o r about J u ne 6, 1 9 7 7 , the time when
we f iled o u r a pplicatio n with the Ci t y of En g lewood , Co lorado ,
for the iss u an ce of th e above d e s cri bed Bee r and Wi n e Lice n se,
we submitted to the Cl erk o f t h e City of Englewood , Co l orado,
copies o f all t h e l eg a l and f i n anci a l documents showing o u r
right to t h e p os sess i o n of th e pr emises located at 3 542 So u th
Fox Street , En g l e wood , Co l orado , and documents showin g the
method i n whi c h we obta ined f inanc ing to enable us to purchas e
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the property and build the restaurant at 3542 South Fox
Street.
5) That on May 23, 1977, we obtained a loan from
Chatfield Bank, Littleton, Colorado, in the sum of One
Hundred Sixty Thousand Dollars ($160,000).
6) That the foregoing loan from Chatfield Bank was
guaranteed by the U. S. Small Business Administration.
7) That the foregoing loan is secured by a Deed
of Trust encumbering our property located at 3542 South
Fox Street, Englewood, Colorado.
8) That copies of the Promissory Note, Colorado
Deed of Trust, S.B.A. Authorization and Loan Agreement, and
Construction Loan Closing Statement, are attached hereto and
incorporated herein by reference.
9) That the present unpaid balance of the above
described loan from Chatfield Bank is One Hundred Fifty-Three
Thousand Five Hundred Four Dollars ($153,504).
10) That we are the fee title owners to the real
property located at 3542 South Fox Street, Englewood, Colorado,
which is legally described as Lots 17 to 20, Block 2, Englewood,
County of Arapahoe, State of Colorado .
11) That we have obtained no additional loans since
May 23, 1977, and no loans exist with regard to the subject
premises and restaurant , except the loan from Chatfield Bank
referred to above.
FURTHER, the affiant sayeth not.
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~ok:~ ~E' T. DAGHLI
d/b/a Paul's Restaurant & Pizzeria
3542 South Fox Street
Englewood, Colorado 80110
r..t1 Subscribed and sworn to before me on this ~Cfay of
March, 1979.
N ary ubl~c
My Commission Expires: '-/-If'-P /
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Promissory Note 9190-00345
l.J ulc=ro n . Co lorldv P.:ay 2 3 . 19 7 7
FOR \'All' f.:. R F.C CIVED. th e un d :-~s•~;ncd , and ead o f t he t:1, p ro-:-me to ply to 1hc: order o f the
C HATFIELD BANK , a Color . .HJu C v rp.Jr.ltl('l !l , .::n 1a office in l m t:::w n, Colo ~a .~, or :1 : suc h oth:r p!l c e as the
kb"l holder 1.>f ttUs .'\0tc m3) dcs•gn:uc: 1:1 ""ntmt:. the princ:•pal sum o f C l/E II U:,O R ELl SlX 'i'Y-TU OUS A.i;;)
AJ;o N0/100-------------------------------------oo L L.~RS (S 16 0,000.00 )
""'•th i n lc rc~t :~:::rr o·• (r.:-.n t !'ll" d "\tc he reof 11 lh:: r :::: of N 1 ~IE: percent ( 9 ~)
rcr .1nnum on the un;>.u d ll,,;.,ncl.! um•l full y p :l.id . This Note is p::yJblc :ts Collows :
I n full on or bc f o=c ~ovcober 22 . 1 977, ~tth intcreet
th e =eon fr o~ tl 1 ~ date hereof at the rate of Tw o And
One-Ha l f p e r cent (2~t) ?e r a~nu~ above t he caKlou~
priac r ~tc charced ~Y l~c United Dank of Denver. but
in no evant leas th~~ Sine per c ent (9 ') pe: annu ~.
Said intcrca: r a te to be adj us ted based u~o~ the
highest rate during t he ~receding )0 ~IY period . vith
1nterc•t on t ltc ~~~lid ~r1nc1~al b3l~nce p~y;rbl~ o n
t lte first d3y o f e ach ~onth until prtncj p ~l ~cd
interest 5re fully ~aid.
L'pon b ilure to mll.:e .l:l)l pl)rr.cnt of p r;n:t;JJI .1: mtu .:n Js here-i n provi tld, or i{ there is JO)' d.:!.J.u!t l!ndrr the
pr.Wt:..:o ns o f the D::cJ of Trw:t s..:cur i:tg tlu s :-;.1;~·. the c:n irc p :u:tipJI sum :.nJ !.!I a ccru~·d i nteres : s~iJII, 011 the .
rtcct10 n or the holde r hw::ol, :.t on:..: h.:.:o :nc d e.: :nJ pJ)l !lh.: "'it hou : no:i ce ~nd sh :U lhc rcaftcr bc.lr b ::reu J t the
rJ:I.! uf E tr.H 1'9&~r:ra ( 1 9 'd-) pr:r :mn c m unt il lull)' p::ud . l·o~i lurc of th e h.J i.!cr :o e\;c rCtic th ts cl::tion shatl
n.:H co nstitute J "li\cr o ! the ritht to C Xl'r :~:..c llie sJmc m the C"\c nt of any subscq \tt nt d.:~:tuh .
Every p ~rson now or :u ~ny time l.bblc ror lh!s i:akbtcdnen, for themselves :.:1d for t.t:~·ir heirs , Jcpl re presenta-
t:\':s, sucecn~rs. ~nd :ssit;ns, n :prc ssly w .tt\ Ci prcsentm.:nt. d:mm.:t, p:o:cst ~n.:t no:i ce o~ protcu :mj vf n o r.r:~y
~c :u of thi s ~Ol e Jnd d t~gc :1ce i n coll:ctJo n, :r.d ever)' suc h p erson :~;rc.l!s to :ny c:u cns.ion of time of p~y;ne nt
'·:thout i n J:ljv.·i se m:>j Jf)"ins. l ltcri ng . .:!.C{c.:etin.; or lir.utmg 1":1S or her hl t::l[y h:reandl.!r .
It pl)'"ments 0:1. this ~C !e ~rc ncr r.tlde ~~en du~, the ~a:!ersi&r.~d :l'ree to ply ~I ccs:s Cl f coUe.:tio:l includi o~
r:Jso :'llblc a::~rney's fees , :~d 1f th e Deed o! Tr~m sec uring tl"u s Note is f~n:cbs:d . th e u::dcrsit;n t-d asree to p:~y
.:!.II costs :1nd :::orney's fees ~ pro ' idcd th ere1n .
This Note is secur:d by Deed of Trust of nen dJ!e herewith on re :.l estJte sitUJ ted in the
Co ~1 r.1 y of .~rap a hoe ::mJ StJte of Colo r.J do, described Js follo\!Js :
Lots 17 to 20 , Cl n c~ 2, Ci JCLEUOOO, Count y of Ar a ~aho~.
State o( Colora d o.
A/~/A 15 '2 South Fox S treet , ~nrlevood. Colorado a0110
:.nd stu !I be subj:ct to :~II the terms, eond ttio ns J :ld p:ovision5 th ereof Jnd to ::u1 y sut-se quen! moc:hftcJtioo egrecmcnts.
b th is N'ote :lnd in ~II tnstr u m~:nts securing it. th .: sinsui:H sh:1U include the pl u:l1 , the phlr:lJ the sin,(;'Jl o.r, ::snd the
c s: of ;\II Y c..:n!:!cr sh.lll b..: ;~pp lic .thlc to ::~II ge r:dl.'rs This Z"ot..: shl.ll t"le lhe Joi nt ::~J S ~\ ~·rll o bhptiC'n of o.Il c1:U:ers,
:..:.~rc tic s, cuur.!r:hJCS ilnd endors ers , ::md shJ!I hi.! bir.d ing upon thc:n . th..:tr hei rs , e:t.:c u!or:l, lt t;al r cprcs:n t lt.i\·~s. suc-
cessors 1:nd JHi snlo ,
IS \\'ITSESS \\'HEitf:OF, th is Nnre i:.. cueu ted and dch\'Cred the da)' and {·car ftm :~bm e wtittt'n .
"""""'"'"""':-~{.,-~~~~\'.Lr~'. """""""-=-"'~' Rc:J t£1\Jt.JI\t ,\nd fllz ::cr!n \ \J ,',·..:.:~t U~3 It An d rt :zer ta
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Colorado Deed of Trust 9190-00345
TIUS 1!'\DESTURE m;r,.:e ctus 23rd ~hy o f ~Ia y 19 11 by ud
b<:~oen PA UL II. DACHltAN & SH A KE' T. DACHLI.\!1 , d/b/a PAUL 'S RE ST AU RA!IT
A:;o PI ZZEUA
wh ose m~ihn& Jdd res.s u 7169 South \.'~bs ter St ••
Littleton, Colorado 8012 3. Couaty o t J effcre o n
S:J:~ of Cobndo, he rt.:irufler reC"rrcr.J 10 :a t h ~ r.ra~lor, :.nr.J th~ Puhh.: Tru,tcl" of :h ~ Co :.~ntv i n ""h i:h 1~c re:r.l property
h::rc •n.dtc:r ·.k~c r ,hcJ "I ~.A...~h'J . St .• t.: of C<JI,J:..tJu , lwr r.:•nJfter rd..-rrL·J to ..&) 1he Tnhtec, \\'ITI"CSSETII.
THAT, WHEREAS Gro:a:\:N h.u ncc uted on!: cerum r m m1.1.sory nC'Itc , of cHn d.ue t:c rc v.1 1 ~. m:r.dc pa)•Jble ro t he
orJcr of th= CHA 1 FIELD OA:'-K , 3 C ubr.do Cc>?•r:HI0 :'1 . hcrc•r..a ftc:r rc f&:neJ 10 a.:. the 0c"''dicl.l :"y , at 1U o lf •c c '" lmle-
I<Jn , Culor.ldo. or ;a ! such oth:r p :..~ ... c .;u, th e ho iJu 1hcreu l rna~ dn1~n lt~ '" .,.m ,ng, (o r the &::n :lC I ~ \um o f ONE I! U N DRED
S lXTY 7 110USASn .1 ::~ t;()/J rO---------------------------0>11 .,, 11 I GO, 0 00 .0 0
"""''h Lnlc:r~~~~~"b'eo~~J ~i :bk !9' '']']\'J~J '" u iJ no>tc , th e ~nt~r.: h.a !J ncc l!uc; :t.nJ p.!)'.:&bk ..,11 -~M::t~-kox;tf
A~O \\'tlfKEAS Cr .• n:..Jr n d..-"r.>u~ of nm onl)' \..-c ur •~~: t!'l...: rronlt'l r .l\r.IC :"I! o f tho: :~l a ~t'U r d t:~dc:b tc:dnen, but ~l\1) of dfc.:t ncl)' )..: .. ur•:-ts the r.:r!.JuUJn.:..-.1 :1 J v b":r •.ar •~r.: o ! thr.: krnh. cu n ..!ll UJ:-t ~ • .:o•.:n.~1 11) .a :-~J .IJ::r c:c n•cnh th.::rc1n ::~nJ hc:rc:•n c.:ant.a1nc:J .
f\.OW Ttl f Kf fORF G r.mt.Jr.'" l'O "'Is irJ cr.,ti,ln n f t!'l c: p rcr.mr.:~ .!nJ ror 1'1~ p ~.:rr~~c:~ ::~f <>rc:\:!.i rJ hls ~:.lntcd , bnJ:::IInc:d, ~ot.l .,n,t.:.,n\0:)~-1 .111J Jv..:• h..:r~·'"' r r.uu, bJr..:'"' \dl an J cmnc:y untu T ru,:.:..-'" lfuH furc•·c:r the foi!.>•H:llt d<.'".:r .b..-J
pr<J f1Cr l y ~tl uJtcJ '"tho.: County uf Ara;>dh o e St.J t.: ..,{ ('u\otJI!.:a,lo \lo.tl
Lo t £ 17 to 20 ,
Block 2,
Et:CLEII OOl>,
County of ~r apaho e,
State of Colorado.
~/K/A 3542 South Fox Street,
Eng l ovoo d , r.ol o rado 80 1 1 0
llus •nJc:nlurt inchrdcs ,.11 l•tu iJrngs ~t :u.:tur..•s :and •n•rrnvt-mtnts now nr hcrt•lfl cr f'!bC('d th.:rt'on .tnJ :.11 (1\tl.lrts
s nJ c4u•rn•.:nt n;.~..., 1•r h.·r..-.t!l. Jl:.ad'I~·J tlrd~ll • Jn..J Jll ..111J "'n.;ut..r th .. · r~r-tu, h~,•r .:Jit.rm ..-nt \ o~nJ .•prun.:n.lnC"cl th..-r.:to h..t ~·~~~'"lo: <'H 1n ""'' ••.:\ ·•Pi' ... ~l.llllii:O:. h•.;Li ha .... ,q, ·'"~ .an J .r!l p ru rcn\, r.:.d ''' pcr:h>ll.a 1, .,.hrcll IU :l) hum t rn1c hl ttmc:
h,·r..-llt.:r h ,· •'-'h•,·r~·,! ·•r I•\ •• · · tl•! "'' .rn\ 1-Ht.l loJr th! r uq•,,....,, h ..-r '-'''' ~· tn ·'"'' ""·•Y "ul•t.:c t.:J ,,, the !t en h..:rciJf or be: '''f"'~'\l)' c~•n • ,.) ~J . ll h•:t;_;,,~,·J .. ".'b'10.:d. 11 m,t..:rr..:J J,.,,,,"•..-.J . nJ w l''c•l;~·•l 1•\ tho: G r.tnto)r ''' ;mJ •• tt h th o: Truit.:.:, ;md
.,u , •• It a .I CI \IIIf,·J p r,•;o rh '"',·r .•t 1'1 II•~· ·'"'-"'-' J ..-~~r,l.; I rc.l .. tIll' "'-h r~h (..~.111 \1'1 "'·'\ .d .1 n • l u t•r.:: h.:t..-J fl.:t hJYo! or JC· c,:.ur ~-. ;•n ..J .. hn .1!1of '1 . h''''' ,,,,,,, t he~ rr.':'t. .111.1 u·c.:.•th.' ,~ 1 ~.: h,,l\r.: .t •• r.t-cJ r~·.,\ 0:)1.:!.: anJ mon.;.~~,·,t p~opcny
L .11n nn w un l•l th..: J,, .. w.u:,·J r,.rd•) h f'l .. ld 1ntuU
f,, h,,. · ,,,J hl lh•1
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t r ,,,, :,..-.... rt• .-r ..... •~' ...... ~ .•.•. :.'t mat.~· 1'·•\'" ·nt ''' '"~ 11 •.k·1th.:' ,.,, ••r . ., t' 11 ahr.:t.:'t•t .~, t h.: , .• m..-,h,~n b..-comc J uc,
i..Jt 111 l h.:' ··"~· •'.!.mit •11 .t; 1. • J.· m ,,, 111 ... ..-o•l '"'1..111~'" ~ hh•,~.;f, •• 1 •I•\ ,,, tit.: t;:nu" Co.)ll,l•t ••'"'· ..:o•cn ..~nh .,r
. o ,:r.o,ll'~ll h h,;t\111 .o •:11 '"~J II .II "1'•'11 1111\t._.,: ..1 t1J J,·lll.li\J ill "f l"tt= 1.:~,1 lltlh 1!1.; f t ll\1<.'0: ,,, ("I U\i,ktl t.r l.i\v, II )h.alt :J OJ t ·.·• h-.· 1.u •l ul t .lf l h~ I ru,:~,. I.J t .·r~.lnw lht• .. 1 .... 1 ... : ll1hl . .auJ LJ k ll .r thl J·,t·•h•' ''' lhr.: rrl'n'""'"' c u 111n•l.' o r i n St.:J'I.at.l ll! r-r~,·lt Lh 11t : l ru •l\,l'lll.t) t1 • tlo. t.,,q .1 11J .. llt •l 1h..: ro,•l,t, f ttk ·"' ~ ul\,r ,·,t ••I tho: (.,r,,!.:·..J r t h\.'fl'on , .11 rubloc .III CII u n J t
tl. l'lcnt '"'' t1r .11 .tH \ -~·'•'r •t .11 1 ,,,.,. h • l'f f•'<llll \1Uh111 .Ill) I'> ·'·' 11~ h ·••tp..>r •• r tl~ llf r~·r fll.l'l•lltl y u • .:.t ..~, .1 Court
I t, ......... r • t ,,, "tth111 •h.: I ,, , 1 • · "' "h ·. h i , t . .._ ,,, J rh.: ••ll 1~..-,., II•·· C t. '' ·"'" l(lH•r.!, r "' t!•r.:: CIJtm ''' ... ~-r,·r,••n tt>e
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I .•n anJ tu l ••lH.:. c •'-'••1.: ,; •. I tld1'•·r l ll t,k ..-~ u·ftt(t.,oll' ''' j•J·r,h .• ~ .. ·. l t u .r , .. ·, J .:nl11r ... ·nll u .. il•' t•l r,.J~·mpt •un o~\1 ::1\
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then ~'"'~!" ~··"H.IC',! "' ll" Th~ r ru••ee ~~ull . out ('If '"(' ru.xet:d' nr .. ~J•h nl 1uch ul~, ~fiCT ''"' r~•i:~;: &."'ld rtt.llntng
•II IC',\ c.' r.,t-,, t!'!r _H..,t n l nt .•l..~n_~; 'u.:h u le Jn.l adH·n'''"~ th: rrd"l'\C"S and aue~rn t )'' fee• as hcre .. "' phll tJed, DJ) n
t h r l•tnd • .. •:U) t.,..:·t'Lo tJL•r or lhc kr, .. r huld~r of the 1ndc b:cJ"1C\I d . .,; .l"'::OU :J t of \u~h l"'lt!t't)trJn:\\, :r."'ld all ~l:l:'l •t:~ :.d 1-':ltc.t h., '"'c n ~·H·Ir.:llr) N lr~.! h -:-l.!cr o f t~C' J::det.tcJ nc '' fi'r u·~urJntC'. rcrO\tn IHCI liHi .ns r ~.-~nc:tt.J , an;i fl"r 11 c y ~~~~~~~~~~~ ·~cn)c ~'~~~~~rt.:• r ~;~~~~: ~~~" .~~·r,~~ :~~;·~c~~~l~et•:~ ::;;:~~0~.,3 rrJ:~~~ ~! :J:~~;~.~e~ {; ),tfr~;u~~n~~~·~~~~J~~~ .. :~ .:~/
or The 1
: •'' ,J,,., •n.l 1.1:h J .. cJ '"' l.!l .d< 10 m .• J c ~h.lll h r J I'IH :'C :. ,1 :r hoth tn l.t .o. 11n.l c ~U •t,·, a~:;ur~t t.'"'c Cir :\Jl ';:)t
:.ntJ J ;w ;,,.J .. 11 rc ... •:1' chu n,n~; the rrr,, .. ~~ Jfl''"'.lloJ 01 .l "'Y p..ott t: .:·c.·l blf h ;').,, t!,•,,;.rh llr unJcr t~c: (Junior T. ~
lt:b.11 tw/c./cr f the I:'!Lkt-::Jncu nl.:t\' f'I:Ji~h .I 'C: the PfOpc"rl) Ci t J n) r .art l 't C ~I"O f ,,~ J tl ,~.td /'tCI I t\C o')! ,.JtOf\' t.~n t'-~
(l urc h.acr or rurc~uu' :11 "'"" ,u.:h ,,\J..: II• u c to t he ~pp lt .::r.t.on of L~:: jh iChl ~e mont:) It J r~:lca~ deed u rcQU l:cd e
Gn nto r he;\.b,. :!EfC CS 10 ruy all the C\flCnh·~ lhcrco r
C.n,:rr c ch .:nlt~l ' .:~nd J'~~' to JnJ \A •fh the Tru\lec , t/'ut :n the I•M: C"f th:: cmc:r.laru: .nd dt'l••cn.· cf these preuolt
(ir.:m: .... r a "CII \Ct:~.t ol the ror cm'""' •~ f e.: s:::1plc, :~nd h J• t:o.~d r.;~t full ro"cr :~nd hv.~u l au thN1tv to &Tlnl, blt-
s;:un , )~II :.nJ CIJ:"!'ey th ~· ':m.: m m ~~~l·r :mJ f.•rm foreu 1J , herc y l ull ~ J"'ld :.bi••l ~lcl \ ""a "·mg .:1nd r el :nt.'l,;t all o;:h:.s <~nd cl.l tr:'' h--t';1 J \ hJ•c m or "' ,,liJ r:c ru ,.;-( J.\ 3 hCl7'l::~te.JJ CH't';10JI'01'1 . un:kr :~n J h ., •utuc o ~ .l:'l)' J :t of the G c:le rJI A~\em~:) rf t hc 5,:,·,· ,,f \o•I;:HJtl,, no" C\1\tln.: >)r \Oh ·.~ m.11 hal" .. ~tcr he ;lJ\\•'.11:1 rci Jt,e>n t~c r~t.:>. t'uf t he .1.!1":'1.! :.:c
fr ee .J nJ ck.!r of .111 loo:n\ J.nJ e n.:u n•h:Jn .. i.) •lhJtc•er , :&n,l for th o: qu ct l:'IJ rc.JCC..o t·k ro»r ,·.r:.n of the Tnu:ee , :&!;.J.Ini l
ill II .lnd c•cry pe:-so·1 or perso n' I::."' f ully cl .u mtng o r to cl ;&~m th e llh.;>!e or :tny r;ut thcrl·ol, the (.rJt\tor ~!l•ll :~nd 11.111 ""'M· nnt J.nd {;)fe ver Jdeod
I f rl flloJnltll )' rl) the fHIO Cr ;t..:l of :l.:-tJ t he IOIC~C \1 On the an Jchtt"Joc~\ t •:Jco:cd by the :lOi t: I~U :e;i t::rchy Jt
L"ac umc 3;'ld 1n t he r.u r.ncr rr..>,1JeJ theh'IO
~ T tnt ll:'£e t"t e r v.·uh rn :uJJ1t1.:m t.•th.: r.t•mcnh l"f rrtnc•;-t .l .:.nJ rr.!crc't ro~):~'•lc uoc.!cr t he te rm' of t he n ote •c -
cmetJ IH·tc!-y, "'' fl,•no:fo.:l.\1) \ c>l!lr.,O (,:.L u !,~r \\Lill'.l)' to th o: ll cn,'~ICU:\. Ut ll ol \JIJ r,,l(e 15 flllh r.J .I.J, l 'U:'n CQ\ltl\ tO th=.
J:h•und r..:n u nc~t Jm· l'lu~ rrcn ••u ., t h • • ·'I ne \t ho:eo:'IH." l!ue o~nJ r ..1 \ .t•k on r -•lt ~tc ' of 1•:~· lnd o:hcr tu u rd l:a ur-
:t n.:c, p lu ~ tnc IJ\C• 1:"1J ~j\o:~.·r•l J"· ,. '· .t . ".,, due ll n tho: I''""''''' c.l\cr.:.t h1 th, dec\1 o f tt i.!St (.111 n n t1 m.:.ted b y ll e ocf ,.:•.:~:} 1 IC' .. ~ .dl ':UI'I\ .:~he:~.h r .•:.l th.:d.•r d1"1JcJ t>~ the nun11'-cr ,f rll"':u t,, IL' cl.1i''•' l'od,Hc o ne man:h DfiO t ta the
d.ti C ll.hCn "ll.:'h ,t.I~H'III t ent~. 10\U D:'l.:~· P1o.IHrUIIh I 1 I C~ .lt't I .I •~C,,ou::r '\ "1!1 ;."~CIIII C IJ tu:. 1.11J SUR'!\ tiJ be held toy the
llcorf r;Jlr\· rn lr\.\t 1.• I'"' \,uJ J:t J L::1J 1\'ut .. rn\ut;w .. ~ ,,,.,,,.u ,,. 1.1 \C"" .t:'l,l ·"'~'\(I 'IC ut., \\hen t he \ln•c become due ~nd fl .J~'31'o)e I( the m ,•n l"th 1'.1) n1e111~ 0 \.IJ\• 1,1 II\<: ncndr.:rJ.f)' h•r f.'OIInd f\.'11 1' lfi\Ut.o ro:e r:-c:nti U111 '. l.l\C'\ anl.l J.UC:UmenU
U:lJ cr t h •~ r:ar.~p.•r h ~h .•ll n, ... : !'>(-,uft •~•c n t t.• ""' umc "'h~·n ..IUL' .rnJ pH .. t-k tl.e (oro~n t or sh:.ll, :l.f: .. ·r ll.flll tn notrce
thc r.:o f. r <.Jm r tl\' r .l\ II) th t" Uo:nd t.:t.lt\ .101~ :amo unt n :.:c~ur• to m.Ae II {' the JdreJrnq bdore the cbte \\he n s.:.itJ
J:ro un .l r cn:~. 111\u: .• n.:c prcnuum \ t .i'-.:~ u~ol ,H\e ~\Oi t'l'lh t-c ci)mo: .tdm" ::-1\t ·r he :~;~:c j.!o~l c Cl f the s um 1 fll\".lto le !C'Ir
crou1'!.1 rent' 1nsm.:~n .. c rrc nulllt>' t.l\.l'\ J n.l .1\\t\inren·, 1n .•• !.II!IJI"' ,.., tb•·..: P·'l ·'hlc h• l'fi'KIP.ll .ln.! r:'ltc :c\t unJcr the
rer:1 u ~"'f l~l· no te ~c:;ur.:J hcr\·h, ,h.•U h· r.11J tn .1 srn,Jc r.tl mL•:\1 c.!:h nr.•.1 1h, utJ p.11nrent\ tC" tooc J.pj\l •cd to the f<>llo w-
-1n' lf C'nh •n t he: N d..:r SI.Jil'•' t I) h • ~r .1unJ rent\, 10\Ut.l :r-o: t•r c numu•. l.o\C\ .1 nd .:1 \\eHntcnt\. (~) to Hllc :ctl on the: ,.,_
Ud•tedncn ~c r a irn.J ht'rd"') 1 J I to p.l\ m~·nu C'ln th e N IOC'Ir.&l .>I ,,,J ,,...khtcJne"'· Anv ol d•rceoc• 1n t!'lc :1.111.1u:u of :n}' such
~:::re£.1 1e rn.>m hl)' r·•• nrcnt ~!"!.til . unlc~~ r:•l~o.k J:C'\),.1 "'' t hc Gro~nt ,·~ rr•or 10 th.: du~· J o:o: .~r thC" nC\t SL:.:h Pl\'nle nt, con-
Stitute :tn cv:::'ll C'i J.·l.mh u;'l.k r th :\ d.:\.1 uf lt U\t ThC' Ci : .. n; •r -'{:!Cl'S "' fl:l\ :1 IJtC ch •t~~· not 1:'1 cJ..:ecd '""O cenh (~r)
for u eh J 11."\r tSI UU J of :on\ m.:mthl\ r .l\ment ... tuch h;u not hc.:n p.u,l pnor I•' I S Jo~) .. ft oo• 11S Ju ~· d.l le to help de · fr~)· u:pcnses m:::t.::r..::J 1n hl n J lm~; t h,· Jdm~ucnt PJ.\'mcnt
) Th .:~t Gr:t ,!C'r ll tll eo;,:,.,uo ... h m .unt:rm fth' :JnJ oth\·r h.•z..Hd in,ur:onec. ,,f 'u.:h t1 r.: o r 1\rc' lnd :rn r"u:'lh :t\
arc ut.,f.I CI \It)' to lk nd 1.i.lf\', fl:'l t ho.· ,~,rro•emrnl• ru ... \A l:'r h..:t,·.oflcr e>;a ~.1n.l r rrnh••''· :~ml c:uert "hen P.l\mc nt fo r J.ll
•ue h l"'frm iu ms h l l thcrct.,f,•r e h~·cn n1 J c.k under l'.•rJ):t :r ph ~ hen:uf . he "'11! p.av rrnmrtlv "hen Ju.: :tO )' prcm:ums ther e -
for. A ll lfl l ut.rncc ~h .. u "'~· ('Jiflel l Ill ,·.,m r .n:i,·• .lr'tf"h'II !:J hr lh l' Dc-ndi.IHY .on ,J th.: r.•~I;IC\ .~oh:rll to.: hdJ hv the Dc ne ·
fl ri:nv .1n ,J hl\'C J.!l.l:heJ th..:rc11• !.•~ .. p.:\Jhk ellc•sc" '" (.J IOt of ;'ln >l •u fonn :rrccpt.•!ol,· tu tho: Uc ocftclolt\' ThJ.t at
le :nt f•ft el':1 ~ap t'>cfo rc n;•nJt,.,n C'lt uch ~!,;.:'h Nltq'. a rene ...... ! thcr.·:ot .. •r OC\\ :roll ,uffr;:-•c nt po\1:)' ta tJI.C the pl.Jte
of thc on,· ~n C\:j"lf::"l ~ \h.111 l'o,· \ldt•creJ "'the llc ncf• .. tlf\' 111 e\cnt cof IM~ (ot.:tnt .. •r 111!1 1:1'c l :nmcl!r:~:c n.lt•cc b)' m:.1l
to the: U end J .:r:;~.r r. "hu n u ' n1.1 L.c rr.'('lf of 1.:'1'\ 1f not n•JJc rr.:>mroth tn the GJJotor l .t~h 10\t.:t.lncc tl:):'nP.lny c on·
ccrnell r\ hrrctw :n .thon:-l·d .:~·•.1 d1t.:.:-1eJ '·' ru .. l.i! r;~\n tcnt h •r st;.;.h ln3os akectl \' to the lknd 1.:1.1r\ mu e .:~d o( 10 the (i r .:~n t N J:1oJ the 8 \·ncfrc rJr\ I•"''"'" flo c 1nsu r Jr.ce NO.:r cJ' or :"'n'l r :~rr t"t erc: ..... r m:n t>c :rrrltcd "'' the Rcncfrl."llf', :11
liS Of'ltU n 1\1 the ~ ;J u:t wn of the lnd.:bh·JnC)\ hereby ~C'C'UtCoJ. (It to the fC):cor,u ..>n 1'1 re p ,o r of the rropcr h• d.lml,;:ed ,
or rd..:.J!.CJ ta Gr.1:1IN lo nul.e th r n:-.:e":l" rc:o ur( o r rcstor.u,oo In c'e"'l or fror..-cl,,.,l•re of th 11 J o:.:d of t ru~t . o r othr r t r.:~nsfcr 01 uti.: 10 the .~o .ml r rcnuccs 1n l'\ttnj:ur ~hrucnt of lhl.': tnJ..:ht~·dn=~~ !e:urc:d hc rd 'l)', J!l "'~'· t rtle. :~ntJ mtcrC\t of
the Grl ntor 1n J od to Jny H~t.urJ.ncc ''..)\•:1c' thc:n tn farc:e shJII NH CoJ the pur:hJstr o r G r~nt,·e .
4. Th:!l Gt.lntN sh:tlt O('l! eC"'mn •n N r c-rmrl w,Hte o n s~tJ rrrorcrl). or rc mo•c or tJ.:-~t nw :rnv porlloo thc reof .:1 nd
sh .:~ll m:tln lltn lh ~· rrt•r~·rt. '" ~ood r \'1'.111 .•nd cond11ron On .:.n .. f.:ulurc \O tn n1Jlflllm, IJ cndiCIJ.f)'. Jl 111 OPti On, mOJ)'
decllre t he mdc:bt cJm .. ~s 111 l!d.J:J h ""' m .1v CJUli: rc.J,onJbl.: lll..ll ot..:n:rn;;c Jnl.l rrpJ1t "'or l. to he perlormeJ
5 Th.1 1 :!II jm.lt!OI Cut ,, decree' :an d ~Jrr:rn l li ro r intun or d1m01cc ltl th!! mo n ;.:~cc d rro p.:rty :rnd all a\A.ltds nu rsuo~nt
to p r(\('CC dul~s lw eonoJl·moJtn•n or under rov.cr of enun,·ot Jt•m u o :rrt: hl·r.:l'l)' .:l~,·~n.:J ~) Gr.lntc-r 1n t!'l t:il cn ttrct~ and
thJII t-e pJu.l •~"' t"t.:-lkocl•;.:•.•f) "h•• .11 11" nrt•t•n nl.l) :~rph the l.:lnh: to the rc.J u..:t11:'0 o r t ho: m~..:~t cdncss se;ureJ
herl't"or . or to the rc•tor .• to \111 o r rer.a•r t•l rh.:-prCircrtv d:a nnccd N h'ko~•c ~.1 Tl fM)'ntcnl IC" the Gr.lntor to m:.l.c: the nece.t.·
s ''\ r r,tor ..~r u•n ••r h'f'l.&tr ' lkndt.:l ,.f\ •' hnd ... ,· c mroCill.l.'lc,l , '" lhe n.a 111c t•f the Gr:~ntor. to recc , .. e :~nd '"c :r::au.tunce
for ;~nd t.• ~rrt·;•l tra•m :•nv ~u:h :t\A:trJ ttrd.,:men t o r decree 11.he1 h..:r 11 l>c JC'Ifll or ,e,~·r JI It ,, :r,;r;:ed lhJI v.he1't .• 11 or :t.ny
r:rn nf rhc .•"'<'>•..: t•.·,.·rok.·d rr.•rrrl\ r• C••tt d,•mn~·d or 1.:.l.cn l:..,d.:r I"O"~·r of enuncnf dnm.o1n l kncf1.:1~r)· r.U ) coll ect from
c .r.u1tor ,, h .• ,,r~n.t h'..: r.·t•lo ..:c•.t \'111 "''' vr rr\·r t\nlent fc(' 1:'·1 .1!1 conJ .. ·mn.l ll('lfl f!:t)M!C nt' \..,r ·"'-Uth Jl"'PI•cd to reJucc or
(1 .1\ 1n full rh~ prrnc w 11 ,!l •lt~II Ht ,, ... , ''"'"f! du~· c•n tho: :r l •('l ~l'-d c\e r.h:~ 'ut .· 1rn '"""'~ ('( .utiOun b dtlt .l nd Pl\.1ble o r of
rn·r o~)ro·ent, p~o:r m •Hcd "' h\· I' u.l "''"••ut ""'""""' ro r N'n .olt~ un.kr th\! tctm\ :Hhl comJIIIl'll\ o f Uld Not e ) ~nJ nt.ly ;11!.0
coll.:ct fh•m the Cor.a ntor .,11 .. o,t .10..1 .:\rco.o:a m:\lr rt'd b) the Uencf•::•Jr~ 10 conncet1oJn "''h ~uch condcm n:~.t .on
f, Th.ll C.rJ nh•r "''11 ro~·. v.hc n d r•c .. 11 t.1'c' ·•"c~'mtnts or .:~nv othrr •nd .. t>tl'tln e\\ .,.hi.:h 013)' he IC'CUtC'd bv I o:n
or ch.Jrte 1:''1 t he r•~n·•·~· "''"'"''r II • the h.:n hcr .. ·o r :~.n.J urc-n re1.1ue,t c\h1b1 t utuf.:lctorr cva.Jcn cc uf the d tSthJr&e or
;!11 ) ~urh pt or lu:-n to th\! u .-rcf l ... l.l l)
1 flu 1 the ll .ndrciJ'• h hl·rch) ,.,en the: "'ht o f cntr) o n u i.J nro rt.:;•g cJ rropert)' :a t :&ny rc.no nlblc: time foJ r
the r u rrn~e of •n'f'\'C I•ns '· .. t pr.:lren)
R llu t the Cor .a11h•r "''" cv..,•rh v.11h :r ll the 1.,,~,. :J\1\, r ule\, n·~ul.uioo • J.n.t or ders o f .1nv fcJe r :~l. ,!.H e , m u nid·
r .r J, Jq_•••l..tt~C :u:,.lt'll'tf..l\1\(' o•t fll ~l j,J,o l ,,,,h , COIIIIUI\\IIln ('f ••(fie\"( ('\,'t(l\111!: .111~ f'•W•Ct t•f h'.:nl.tlrllfl ('If \Ufl.:'f\iSIO R 0 \C:r
tlo.: (Jf ,•llll •r •'• 111. 11•••11~-'lo'''''""r tl\ fvr 111 ... ~o:h!r u .. to .•ll U•C IJt ••i•tr.•lr•'" lh\'tl.,f, rrthhl~··l h•••q,:,,•r , t h~t thc (j r .:~ot C'Ir "'·''t C••n•••t Ml \ ••t ~h In~ ·~I r uk tC'~;u l..t ~o•n "' orJc-r on .111y r,·uon.ol •le m :wuo.•t 11.luc h "''II nut ~(kL·t the •nterc)l o f the
U'"nd r.:l .. f )' tu Jn) fl.llt C"l t he l'l lllrlii IJ;C'd rr.•;•e ll y
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· 9. Th:lf Gu:1:or .:;~ce' to :tnJ "''II pro-n;-::y P~\' :~:1 C:l,)f,l , chH r c. o~nd r'~n\.:s i~.:t:nt"d bv the: l!c :'lr~cc t .H)', t.'"'Ci uda:li
!l:tornq ·, fcc~>, ;o rul"l S ,'~I .,r or 1:"1 ~··'O:"t\'Ch<•i1 .... ,lh :&:1\1' 3:1uln, rr-I.:M'rhnj.! or h~o~rou~. k ••o~l or other"'''~-m a :~y w.:~y aff ~·.:t r ~; or r..:l.tlu •~: to c!'!~· ':~n ed rro ;ctll ch r, C.:.:-J ol t:c,t . or 1 t ,.,.,,,,,.,J ""'c :~.c~u r coJ h .:-r~.;h y , 2or.J .at;rc cs to hnld Dc:o:: l•.:• .. ry ho~rmlc\s ,.,,., r .. .;.::..! to .tlh \u.:h ;..cll~n. rro.:co.J •n c o r l'l r .. r ,-~
10 Th:&t '"the''~~~ th..: lil"nd•.:•;.:n. 1n:u:~ :t.nv '':Jc:ns.: fort: . ..: rcr rorm.wc r o! "'"" tlc-f.•ultc:d CC'vc :a o t, 3Jrrc:ncot
\)( ;111.1 ~~r lh.: (.: .. r.:,lr -~ ;liJ.,J .. J hNCtn th;;n .lnv ni::IOC)\ ,uh.<:-• .:J !•• th:: o ~nch.:l.t.ry I \f 'uc h :'l.fO);)H: ~·uu beu l:l
1.-:nt .o l lh.: t.lh: Of } s-~-.;r :IM:I \Jhl o~nJ ~h.1l1 t-e~'l..ohl\' o1 ~ .. n ul !he inJchiL·J nc:.'i ~t·~urtJ to \ 1:"!. • IM\Ir\J."n~:l l Ul.lbl y ~Od
o 1 ..1 fl.lf tl )' ...,,,h o~ll ~:!'\c; mJd •:c-:.!:~h~ s..:.:u:.:J h c-~o.!by. :~.nd 1h .1lt t-e •. n•uc-IJ , .. :cl " due J:~J ;".:1\ .. !'l!e "-•t:-:.t'll;t nOIItc l n.:ac
ft(!n h ) th e 0 \;'l d •:• .. r. :.!'1 .. !1 nev.:r l'o~ ~o:-~•..!e:c U l \ , "-:uver ot "") ".;ht :ccrutng to \:1 1.1 !Jencf•:•Jr) 0:1 .l ... .;m,:."'l of
-;•y t .. h:Lu.t h hcre•uH.kr ,:,;, the r'!.orl of tltc C...r:tn:,.n F-:!w :.: o f t!'u: Ikr.ef oc, .. ·, l.l r.-~rct\C" J n v <'+'I•C\:1 s:,r .. ntc J h ere•o h~olt
n,•t be J~c:mc:..J :1 ""..11\'C: uf t he: rt,;/.: h• 1.'\.:t:t\.,: su.:h o~;,o n m lh:! (\C'I ol .. n., ).Jb\l ~u.:ul Od .. u lt
t I In the e ve ~t r.f ~=~:.ult H1 th ~: J'll\ .,lent of t ~u: ar.tkbtc:Jncn l'l J"'~ p.~:1 th :;rL of, m of l tr:::t::~ or "iol~o tto n o f aoy
c-f th t= CO\'C:n .1r.:1 11; .!;:-~!.""114'/ih hc rl tl'l, I "'en ... nJ ,., thJI e'cnt. the,..,. '.: nf tl o~; m d~htc.Jnc:s\ .•r:J t !".~ t:-tl:::r C\1 tilc:u:o:l I I)
t!'l c t .ruc o f tJI.:. may -' C'"';c, J l t!-1.: ont .. •n o i t"lc U:::.:ftCt).f) or r"'. lt.-.,; .. 1 h .. !J.-r o~ th.: t•u.!c!'l•e.!n-:s,;, be J::l:ued due:
:nJ pa,·:.~lc . :a:~J lhl ;-·"'T.hC\ h· ~.l!J 1:1 111..: -~J:'HI~·: :.t."l l wt th t'h.: ur.1,: cfl.·.:t .1~ tf the 1nJcbt.:Jne\\ haJ r.uturClJ If
f.•:cclo,urc i( nuJe "' :"tc Tru,z.:.·. su.:h r cJ~.Jn .. bl~ .lt:.J :ney· .. fH' ...~, thl' Dl nd.:t:l ry I"U~ :lr>rec lo r::~y, or t>c rc·wulteJ to
;ur. Wii!'-1 :l Ol !O'IImU "'l I "I :O:.:,ltJJ r . .:.: "'•lh l!t.: n·mmum kt s:!llJ.,!o; t I :":~· C,o iOt~\10 U.H ·\ .. \.X:t.!I !C n, f ot Stt"'tO:c~ 1n lbe
'·'J>C'"I\t."l n o f )U.:h f.):.:.:L"'llr.: p r.>.:;..cdtn,.:, ""·'" t ... .:JIIo••eJ :~n !J .. JJ ... I ~, th.: l'·•"'l•c T•u ~o ;cc J . a ~.::1 of th e con of !o.ue
d.hurc If for.:clo ;utc b..: 1'>·, a""'""" 1n Co>un, 3 reas~:-tJh!:: .lllor n.,l '5 leo: \hJ !i th· 'Hc:J by tho: CJur( :l, a part of r.he tosf ot su:h fo:ccl ,nu:,. ror.>..:.:eJ.n ~:s
12 The: 1!1.':1 e>f 1~1\ tl'a:ru m r :'H \hlll fC:'"'U :n '" fu ll force .lnJ dfcct Jurmg l.n)' PO\Iponc::ru:n t o r exte n s iOn or lh ~ time ol pa}'mcnl of tho: t:tJe:,:d:-t:\) or .my Pl rt t hc;~.Ji s.:·.:u reJ her .. h)
IJ In t!'\c c'c;'l: C't J ~::~ull hc rc-u"lder. th e n.,~f•~"tlr. or th. h~!Jcr n f the tnJct'ltcd:..:u or ce;l,fi:ate of u le, sh :a !l11
one .: t-c.:Jn,c .·:~t,t:.·.l f .., t".: ''''"l''''~,. u .. c .,~J •· t.l\n•c ru o.~f :t . .: ;·:,·;-cr : ... ~.Jr c,;.~,J o~nJ m hl.h Nc:~t :he G:.lntor hc:cb y
·"1&;11' t.1 1!1C fl~·nd .• : .. :• ,,, h,•l.ld ur 1 !1~-nJ~It.-.1 ·"' o1l t ho: r,·n. .~ .. u.:• J'l,l pt,l(th uf ).liJ p rop..:rt". 'ro :n L'\c o~.::::.u n ~~: ~~ ,u.h r •,:'•l .utJ ~.:~.r; If'.: Ill''"·' o f t'•~· .t ... r .... :: r,·nJ ~n ~" ''' f,•rc-,. . .., ... ,,. rt..J..:ccLiwJ:• :mJ th.: rn:rtoJ o~ reJemilh""'"· 1f
.:1) lh('r(': l'oc-fhc t.!d,\~r " oJf !>u,h fl·""-·,'·":t ttl.\ l•l •'I'I.Jr.,.l J I•) 1'1~ 1'.1:1\ C"Bittlo.•I.J t h.:td,J t') !lny :IO"PtD;>fi oiC Cl;.ll SUit
"'' rr.,. .. c.,Jtn!O"· ..~.n J Mo~~h ;o ~~~~· )tuh h.: o.nt :t,.l 1.:0 ;~ r~.L'""r f.·r )·•·'· ··•·11''-'tt\ .~nJ ut th.: '•':"'l\, ~o.uc:, JnJ t'f.)~''' lh cc c..l(,
.. ftC'f lUI)' )\J•h Jd.1...o:l. l;.,luJ I:t8 1!1.: 1tn1,: :._~.=:.:J b , r..:l,; ''wfi: ,··~• . .,,Ji."b• .1:"1J th..._ i'CfiOJ Of tC~o.n·:-lt .Jn II !l n v thc •c
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IS . IN THE EVE'T 0 1· A C'O~\T \"A'LF (!( trtlc Cor .. n) potllo:. t 1H'r~·u f) or th: rc;~t p roperty htrem de\Crtbc.1 ,
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t hc:cot ), or tn the C\e nt •• r ln ::t~r.:enu:nl tU JnL"I! J P.,J ... :~~·'r) rrt'ht '" th.: rru1•crt v Cor o~ny PoJ !I IOn I hereof I. rn u ccn of
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or nol l the t:t,:rur.tc:ll C:\i.!c;'l .::tn;: \:o.h s o~!.: 1•r t :.:thf\·r c\rrchly JO p.11·.J..:t, :tnJ l hl\ t:o~r ·Jnt 'h .z ll ru :.. ,..,,n UtJ PtC';t ·
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10 \olo'C t t.tc.tl V.'i:h su::l't f r~:hl.:fl·,· n .•rr.u ... ·r \l tlh ;d~·r~·n .:c '" th" J.:!Jt \\'CUr\·J h\' t!m De.:J o r rnl\1 , tncl u!J.n ~ lhe I'J.l)·
rtcnt or crc:J.r ro s ~1ch Tr .::hfc :~·.: ll .•:r.•-.\'t ••I unJ"hu:,,.-d rC\l'n .. • !1nJ .. o:t r,·p.l)nll:nt 111 fwll o f u :J tnJ.:blcdnel), tn
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t!1c nu.ld.,!\•d:-te'St hcrdh· s::.::cJ Sh.•ul.l :h,. ll.·n l.: not d.-;;t hl ·•~..:dn .• • .. · t':.: l.lJ n U;H)n the occurr~ncc of !I n~· of 1he fore-
;.un!O e\CI'Ih, t he mere t::t ,•! ... !.,;,_.: ""'' 1 11~1 1: C>C t h.: .tcc..:fiiJn~.: \ll p.Utll\':"!h ... uh,.:..j .:.:f\1 to ln\ of .. 11;;h C\t nt' s!'\.:all not be ~:ctnctJ" v.o~nc r u! th.: U .. :Jt..s r r-.ht hl m .. l..c \1!:~1 .:: .. :t w.l nor )h..,\1 th.: 0Jnl.. h.: c~tuppcJ thcr .. ·t r um by \enue thcr.=ot
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PAUL H. rAGHLIA~, d/~/n
RPstaurant An~ Pizze~ta
Stat e o f Colot::tt:!o l "
C'?:.~"l!V o f J eff ['801':
T he fo rt'~O•ns: instrt•mcnt w:a !l.d.nu ~~oleLI 'L'd before me thiS
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·rtt t AN , d/b /a PAul'e
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2.1rd d:~y o f
~ny, 197 7 , b y raul 11. Da~hlian and Shake ' T. Oaghlian, ~/b /a Paul's R~staurant An tt Pi =:e rio.
My Commisi('l n E\p:rc\'
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fer ::.n.l \C t oJ•. r tm loJ t !1.· '·' J fh 11 l.., ;1ll r c~l\. N·•f•u ,u•J ,,.~""'" ,t .. rn .• 1 lrl"'m 1.o1.l r•:,nt:\0:\ .!"'.l ~'C""' thr b;,uiJu'l ~s anJ
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\C .::ur..:.l 1'\cr.:b \ ~:'IJ ~'>\ t h ..: IJn J uf lt t:q ._,, C'• r ;-~ J .. te he:._. .... •th Jrt' J'IJ •J •n f ull b•· the .o ;l;»lt;: .. t,(ln of \ ·•d re na o r u ntil 1111..: I) ut•t.uncJ 1 ~1/'0 u;:h (o;,·chht.::c or Ot!'lc N u~
A rdc . .~oc c,.( ~ .. ,J o~,J ul Tru ,t )h.o ll rc :(/..~ .. th <\, ~:'lrt:nt o f R c :"~:s
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PAUL lt . DA CHI.IA::, d/b /a Pa~l 'a . 1~. ' T . , A •1t L I.:.il . d /b /a raul's
Restaurant And P1z:er1o ~ at ~r3 nt AnJ P1~:er 1 3
s~;;-of <.:ot ... ; .. Jo-1________ -
" County of Jeff r1on
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2 lrd d.t y or
Ua y , 1977 ·'·~ rnu l B. Dag h lia n 6 Sha k e ' T. Daghlt an, d /b/a.
Paul•e R~et ~uran And Pl~:er i a.
~:•r e t l, l979
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U.S. SMAL L 8 USI ~ES 5 AO"'IN ISTH ATION
CE !;VE R DISTRICT OFFICE ----------------
72 1 19 t h St r ee t --------------------
Dcnv o.!'r , Colorado 80202 ----------.----------{.lo~d ••u )
AUTHORIZATION AND LOAN AGREEIAENT
(GU ARANTY LOANS )
Chatfield B.1nk -----------
75 60 S. rt crc c St reet
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littleton, Colo:--.1do SOL:!) ---·---------
Yo'J: r .:-,i ~.-.. ·~1 ,;::~o,:J _April 2 ,_1 977 ___ • __
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(b) fu s t d •s bu:s~:-.. ~.1 o ! t l.t:· Lo ~n ~-'"•n;; no:f~ nc ' I:J td 1'-!:::-:" ~ 1 n.1 c .•~$ <:1 :f :-.:l C .s~~.o'..-fr"ne.n t l:.ei:lQ
m;t :i e bte1 t', .. .,---.!.1_ n o :-uhs, fro:':l 1he d~t e o f t ~<~S .; •• n ~:;);I ;:<J t :on , '-' J.,.::s s u..:h I I 'fit ::a e .t le"lj"'~
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(c) qec t-t;l t b tl c:l j .-.~ o l ev d('~.:e ~:n ufJ.:t o r ) '::> tl In 11 s sole j .s.:re :J ;)n, ~L.:· •h e _~ '1.:s r-e~n no
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(d ) The ll'Prcsc :n..::•)\5 m:J.J<! ~' B~::o "e ; n I'>· In:: r,....:-;.,.;~t·:::• !lw H' :.J:ie:;c :-o ls o ~ c-... · ~=•o ns sel
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f ~r t h t.ere1:1 on .1 .:.,y fu :u r ~ :-on ~~t •O:ts I:T PC.I!d bv •"· f .,-r (.., •n po;); .. .3 ' .:J?P•"'J\'ll 1
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No te! p~ty,tblc 15 yc:ar s froo d .\l tc' .,~ No t e, vi th interest .Jt th e cJ tc o f
n lne ~:1d o nt!-quatter ?C.rcent (9 1 /~7.) pe e .Jf'.nu~. and 1nstall:"'e n:s , i nc l udin g
princ i pal anJ interest, cac '1 i n t he Ll n o unt o f SJ ,(,')6 p.1 y .:ab l c :;-.o':l t hl y , be-
gi nnlr.~ :! r:tor:ths f r o:'!\ d.J.tC vf No te, and the ba lan c e o f pri n c l ;:-3 1 and int e r est
oaya blc 15 y cJ.rs fro:!! d.1t 0 o f r-:l•tc ; v lth t h ·· f u rth e r p:--Civi ~t on t hat. each
s aid ins r all::h .. \t sh .. .dl bl• app l icJ fir sr t o int e r es t a c r.::n 1~d t o t.~c <!Jte
of re c eipt of said i nstallme nt , .Jnd t he b.tl •n.:c , i( a n y , l O t ht:! ;:n inc ip.ll.
(b) Use o! p :o~e@'~ .. olloc:1 os foll:.ws· (Show soe:-1il c u ~es br .... tu c:h loan ts ou tho.red.}
l. Appr ox lr.~atcly $60 ,0 00 t (J pur c h ase l a nd.
2 . -Approxi C\ar:el y SlOO,O OO f o r cons truc tion.
(cl Collcte rol.
l. Fi rst Dcl.!d o f Tr us t on 3;50 S Fox Stre et . E n e;le~:o C!d . CO . 80 110. Curren
~:~or q;.1 gc~ title po li cy u r a n atto r nev ' o p i.n1on evidcno:ing s ~ce . I f a n
n t t o r :'ley '~ op i.nion is r ~n Jet"c 1 .J.Oh.. ~~.1 1 1 o bc 1 t n cus tod y or abstract "'(
cu rrent ccrtifLc ation .
2 . First p£!rf cc tcd sec u ri t y int eres t in r:L1 chineq·, equipment a :'l d furnitu r;o
no..., m:ncd nnd her ea ft er a cqu 1.r ed Certif i l'a ion from t he S.:!c ret J ry of
4. To 'u rth rc;r ,~~i ~c .. ~f .~}}, r~r~;~._~"Jn1 S t~!\~~~;~~~J:i!'-:~"1.1 ~~ C ~~f~~~~~~ '~~~r.~l':_.o,1~ ~:o ~~d p4)
lol!o .... w' C"J nJt t roros
(b) A e-1rnhurso ble r-)1'"''l~ .. s -Borrower ..... I. I" doo'"TO rd. rer r. urs~ Le-11 ~tor fo r o·w 1d ::\! up~::e s
n; loi> i. or ....... ,., ~~te "!(>rflt~ft t:'r I IC•lf't:l h.., L l'!".::r.r ~r·:OI''. rr.t: ((' llln" I n r onr ,. ~n with o r b y
rro: ..,,, o 1 1 ~" J·r'· o;·, hell: I~!' ;~ ; I 10.1" • J> Hll ~:-..1 a.!· .Jfllt.tr~t • .J.I o ~ t he L ;1
(c ) Book:.. q ecc; i .> 1>J Fie o;t s-fl.o rro"er ...,Ill •l ::z ll 1 t/T.•'3 keep p :"'>r~t becks c f ;J':t:"O';.., I I'\ a mann~r
.. ~~fJc-1~~~ 1 ;_, ·,,j,. u ~j .:-.r ShA f•orr ow ~· '1 4!P \.<1 '"JI"o:t:: .. s L e ~~·J: o~ 55 .:, to r:k ~ o r C-.J t.;e ,.,
be I' vlt• I : .. f ' :-t· ... C •;.K't"l"l" cnJ 1• ~,:~1. 1':' ~ ... ·:-l' <t•t_h ':'o·" <:..:. Le;\1""' ~. :;~; n1c. U'!'·
quo~ e. (!'J) t n ~..,.:: t ll,n:t on .! a .. l-!115 o: cr ,. }-.:...,Y. .• ~~u:u h C11 d r•:DE'r .n tl:.;o-~-,,,' !l -o·•trol o !
Bor ~o ""'c: nr ,tti.,, w ' rt •·q , .. :1 ''"'·· r'~ fuur.cto l o: h•lso n•s:a r :.>ro h !tY tn ..:l J !.-.: t he nak.anq of I • •
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cop,cs !hereof end c dr ~:ts !!l~rc !ror.;, cr.d {~) .ns~-::t:~s cn:S .:;::.;:~:::JScls of cnv of 3oaower!s
o:;!:(.Ui. Borr..>wcr .... 111 fu::o::!h to Ltnc!er :~n:J S:!;.. b r the rbre r• Ol 1':':0:'1 1 ~ .,e:lod en:h::IQ
D.::c. 31.19 77 O:'\J q u.art<r ly t!u:e-.;i:t-r (:'\0 later I"'J:l 2 ~o:t t hs follow t nQ t~e u;n :tH.Jon
oi cr.y ~iu.:~. p~nOti) =n:J .:1 s .. e!l Ol~r ll:nt.-J cn:t 1n s uch (or:n .:s le:1 !rr i.k:Y ~rescn!:M , 9o:rower's
h:'!cnc•ol a:'lj opcr:ltJnQ st:ut'f':'l~ts . Borro-..:er her .. ·bv outho:J:'!s o:ll F't>ji!r.Jl , State c..,d tr.unict p:ll
n "t!1 .:m l te o1 o lurn1;h :epeus of e•aminouons. record:~, o:1 j od:er !:":.b:-::totlo!'1 rel::u n; to :~e ct>n:il·
tl;):lS anJ allotrs 01 Bo~ro"''" c:"'d cny desire1mlor~uo n !rc:n :tporu . ret u:ns, hies. c..'"ld ;l'co:ds
of. such outhoniiC!S u;:N)n ttQuttSt therefor by Lon:ier 01 sa A.
(d) 9orro.,:er shall not execute any conllocls for f!'ICJn.):)ement consulunQ nrvt=es w at hout cmor
~proval ol Lender and S8A.
(!) _QJ~:rJlJuuo;,s ~!'~ ~1?~0~~~-S:Irrower wi ll not. wa!hout t!\e ~n:tr wratte:-a c:>nnnt of LenMr or
SH A (n) at B:trrGiw~r a:J .J ,;:.r,:~cr::tlon , C.ed:re or PJY .::ay ::!.ivL::!t>~l or :r.:.::o c::w d i sra~u !i on u;>on tis
c\lpat o l !l<todc , or p~:r.:h.un or reti re ;;:n.y of ns :T.)u:l s::::k, :lC C":)ns::.ld:te, or I:':C:':}e wath. c::w other •
eon1p.::::Jy, or .;1\·c c ny ;:n.:·f~:euta.:JIIrNtme:lt , sr..Jltl! any .:d v:n.:a, i:r~ctly or tnduc:::tly, by way of
!;::.:=,.,, aah. bonus. or o:herwise, to O."lY ,;c:amp.J:'I.y ::ilrKtl y or ln::!.uecth· .:on~;:)lhn~ or o!Hhoted with
"' ,;:)ntro:~llo:-.1 t..y Oo r:o-...,er. o: cny other c-.m~~n y , .:~r 1::1 .::w o{!;.:l!r, .:::!w~::t.:Jr or c r:':p :oyee o{ ~r·
C:)WCr, UC CH .lny ~u .:~ .,;o:::pc:w, (b) if E~HO\'II!t U Q p.::tncr.sl oJ p CO i n.ii vt.:!u.:Jl, r.\.:Jke cny diS!HbUtion
o l :a~ots ol the bust!'\C'.O.I :~i f:iorrowcr. other th.::'l r.:..::.;::r:.:~le .:o::~er.scuo:1 for sc~vaces, or Qtve
cny p ;cfcrenttol treou :-.~n t, i'Thl~~t .:Jny adv:lnce , duectly or tn:h~celly, by w.:Jy .:Ji loon, Qlh, b.:::tua, or
othar.v1 r.c, to cny P.Jrtncr or oy of its <.?rr""loyeu. or 10 ony c:oo':'l;>any dir&ctly or in31rectly c:on-
lrolhn:J or affal iuted wt th .:J r t:>Jn lrolled by Borrower, or ony olht"r comp.::ny.
(I) 01her P ro vtSi ons:
1 . Assi~;nment of 11 fa insurance, ..,1 th ho~ office .1Ckno..,lo::l~ent. on the
life uf Paul H. D~ghU.;~.n, in the amount of $160,000, for 01 ten:~ of
1.5 ye01rs. This oust be the dec re.:Lsing term type unlesl:l the Borro..,er
s~ecUically r.e.qucsts in vriting th.lt he be permitted to assign exist-
ing whole life or other pcrcancnt typa of insur.1nce. Thera shall be no
purch:lse of .1 dditional life i nsur.1nce fro~ busi:~es s income or assets
during the terr.:~ of the loan without prior v=Ltten approva.l of SBA.
Assig:ut\!nt of life insur3nce shall be by an Absolute Collaten.l Ass i gn-
t'l~at pro perly J.c:C..nowlcdgcd by Home of Insurer . Lender s~ould not be -
n.J.ocd .u Hc!:lc.fici.Jry of these policies. Croup l::1aurance or Fedll!:ral
Covi!:rr.ttcnt l n sur;J.nctt cannot be assigned .
2. Borrower sh"ll prov ide and r.~ai.ntain hazard insurance, incl u ding fire,
liGhtning, c~tt=nded cover~Ge, v.1ndal.Lsm and r;,alicioua miscb.ief, satis ...
f.J.c tory to th\! 8;Jnk, with Lo ss P.:~.yable End:nsement in f3vor of lender .
(SO% coinsur;J.J'I cc .lcc ept;J.nc:e.) Los~ p.lyab l e endorseocnt shall cont.1in
QOrtg;J.gee cl.luse sirallilr in chac.1cter to S. Y. St.lndard !"'.artg.li• Clause.
3. Betrro"'er shall provide and maintain liabiU ty and vorkme.n' • co:pensaclon
coverage (if .1pplic.1ble) covering the business operations at 3550 S. Fox
Street, En gl ewood. CO 80110.
4. Borrower agrees to purchase and m.a1nt3in Feder.ll Flood In•urance in
.1":\0unts and covcr.Jge equal to the lasser of (1) the amount of the loan.
(2) the t nsur.:ab le v.1l u ~ of the pro~e;ty, or ()l, the ~xiouaa limit of
S. ~:~~~s ."t~~P~~~~;~~· ,7~;~=:;~:;,~1 :h~l~b:1 ~~1~!;P;1~h;~~~;. .. ;~~~ =~~~;~~s~~~':r'S;~_cn/he(contd p4)
Loan shell be odr:-unasttrcj Of provt.Jed tn th • Guo~on ty AqrwrMnt.
A. Vernon \Jeaver
A.0'-'1NISTRATOR
9\vlsl=o"~--~·-"=~~y_6~·~1~9~7~7---
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~~)~~l~ ~.::::~~ ~·.:::::::~::~7.~:;· ;;~::::t.:; :~:;:.~:~~~:· ~:.~,;::::~,: ~~-;~;~~:,~~~ .:~:.:::·:, .:~~~;~~~=: :;:1
·l•n oH ll l-)tiM('I , _.,1 ,;. I ... 11':1 ---·--
l(c) Collateral : (coned)
Z. furn ished toJ bank .
). Fir-st {'l(!rfecccd scc-u rl c y i nte rest in all .Jccounts rc .:~lv.Jblc no!J O\#t\ed a nd
hcr ..:o:~f tcr il cq uirerJ .mJ t he j)r.:>ce~ds the r e of . Ccrtl f i c .Jt ion froe~. the Se cre-
t .J :-y of S tare o f a ll p resl!ntl y e ff .:ct ive F inanci ng S tateocnts of rec ord co
be fu rnbh~..J t o bank.
4. Sec urity ln ccrcs t in Ro rro~o~o!r'~ St.Jte liquor lice n se at 35 50 S . Fox St reet,
En~l C Y I.)Od , CV SO ltO . Financ i ng S t..&tement s t o be hlcJ in the office s
..,r the Sccret.J r ~· nf "t.lf.C. and Clerk .Jnd aecorder of t he County whe rot Sus-
1 n~.ss i s located
5. First pcrft!ctcd securi t y i :lteres t i n all fixtures n ov ou :-s e d a:-td here.1ftec
.:a .:~u1r...:..J anJ Lhe jl ruc o.:..:\ls ther eof. C.!rt:ific:t t ion f roo t he County Cl~rk
an.::! R.cc~tdi!r u f .J ll pre se n t l y o!ffi!ctive Flnanc i ng S t:ttt::oen ts of rec ord :o
be i"urn i~h ed t l) lend~r.
4 (f) Othe:-Condltions : (con ed)
4. cove r.J.J:C .:~v.J.ililbl c ;lt .:1:-ty ti::.e d ur i ng the life of the loan ._.hen Borrower 's
l o c:aion a s dcsl~t,.:l:cJ !.J.l ls ~.r i thin t he boundilr ics of a s pec i al flood -
hil.!.Jnl .lt'C.J. .:m d Fcdt.:ral Flood Ins ur.1ncc becomes a v all.1bl e.
S. Written .::~gree::.cn t l)f P3u l H. 0.1ghli.1:-t, S3tisf4c:ory tv Lend er. th,a.t :
.1 . S:)rro 1.1c r 's re dl p r op\!rty locoJ t cd a t Laval , Can3d.1 , ~o~il l be listed for
S .!l~.
b . Bo rrower will not ..!l!c li:'le o1ny b o na fi de offcr.i fo:-the 5~1• o f th :~t
p :-opcrty '-'itho ut ::·co pr i or ._·ritten c onsent of SB A .
Sorro\J er ... ut rcpo:-t t o Le nde r in ur iei.ng onc e C3Ch qu.l rte r on the
p ro;;r~ss o f s:~le co dace .
d. Net p roceed s fro -:~ any such so1l e , l e ss amounts n eeded to purcha se or
constr u~..t .J hor"h' in Color:Jdo .... ut be applied o n thi! Note in the
inv\!rS'-! ord~r ur :l..l.turity of t he p;J)'r:i!n ts due thereunder. Net proce eds
applu:d to t'lc r.o l<!s s: th.m $50 ,000.
6 . Pr i o r to disb ru sern~nt:, Sor'C'ouec wt.ll fu rni s h a Certific:a te of T01xes Due
fr o··t the County Tcc.:~su r er showing t h:1t all real p r opert y taxes a r e p aid to
d .HC-
7 . N.u ~~ nust be e xe cu ed by Borroue r o1 nd s;>o use, Shako.:: T. r>a gh lian .
8. ! ... n!.lc th e ou ts t.J'ldin:4 pnncip.Jl bal<J:nc e of this loan is $100,000, o r more,
.Ju J it~d J.nnu.J l iln .1~1C:.Jl st;~te':lcnts ~!u ll be s ul.P.,lt tcd.
9 . Pri:~r t o di~bur c;t!"~Cilt , Borr o ~o~c r .iha l l fu rnish b ol.J n cc s h eet "e•,i dencin g
t i~ .t SSO.OOU b.t~ bc~n i.n j ectt.!d lncu th~ busint!'{S .J!. ~qui t y .:.JjHt.l l o c a s
.J t..• 1n ::.uh J t.:Ct -: • -.l.J.~tJ bv .lg rc~·'l·•nt. .
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page S.
LOAN Al/TitORlZATlON (contJ)
Paul's Restaurant and Pi:::~ria
3550 S. Fox Street
£nglc~ood, CO 80110
10. Borro"'·cr shall post SBA For-:. 722 (£qu.:t.l 0 ?r'Ort uni ty r::::;>lo)·er) in its ?lace
of business in a location cle.1rly vi&ible to the ::eneral .,u.btlc .
ll. Prior to co=ncnccoent of .J:'ly constrOJction an:S o1ny disburseQ~nt, for con-
struction purposes, Lender shall be in rece ipt of the following:
a. ALTA Title policy showing the Deed of Trust referred to in par.1;;raph
3(c)l herein to be of record, insuring against r.II!Ch.lnics liens.
b . Pl;~,ns .lnd spe.:ifications for new construction or leasehold loproveaents
referred to in p;Jr.lGt':liJ h 3(b)2 herein , satisf.Jctory to Lender. Lender
sha ll obcaln a 'Jti.ttcn a~;rcet:"~ent Croon Borrowers o1nJ contractor that
Ch.:lO&\! ~o~ill not be orUered or pcnnittcd in the plilns and specifications
~u!lrnltted to .lnd approv~d by Lender, W'ithout the prior 1.1ritten consent
of Lender, SBA, 01 nd surety.
c. Evidence that the const ru ction or lcast!ho ld 1oprovc::tents referred to
in p.lr.lgr.lph J(b)2 herein is in confon:r:ance 1.1ith applic.Jblc zone,
buildin~, .lnd sanit.1 1 y rades, 4S well as all Federal 4nd St3te regulatory
codes.
d . Two (2) copies of firm construction cont r act which sh.1ll comply vith
rcquirC:ti!nt s of SUA For::t 601 (Applic.lnt 's Agrcct:tent of Cor:pliance),
sacisf<J..:t.:)ry to Lender, for the construction of a n\!w faci.licy or
le:.lscho lJ ioprovcccnts referred to in p.l rilgraph J(b)Z herein, at a
cost not to exceed $100,300.
e . Evidence S.ltisfactory to Lender th.lt Builder's Risk and Workr.l.ln's
Co::penso1tion insur.J.:tce is being c.1rried by the contractor or contr.:actors.
f . Evidence th.lr !or rower h.1s obtained a 100% perfon::1nce bond anJJ..1bor
and CLlteri.J.ls p.l.)"::cnt bond issued by a corpor.lte: suC"cty approvea by the:
Treasury Dep.lrtt:~ent ucili:tng .:1.:1. ~eric.1n Institute of Architect's form
or coopa r .l.ble: coveraGe. DorroiJer only shall be named as obligee on the
bench .
I· Furnish copy of recorded Disburser's Notice required by Section 38-22-126,
CRS 1973 .
h. Furnish ;1 survey and plot plan .
1 . Borrower to furnish evidence that the plant sit.e: uill be adequately
se:rvice:d by acces:~ ro.1ds, 1.1.1 t er system, se\Ja&e di sposal system .:and all
necess01ry utilities .
12 . Lender to disburse construction 1o.1n proceeds upon col"!!p1etion of construction
or in accordo1nce '-'ith t h l! terms of the construction contract. If dJ.sburse:-
e~e nt is c.:ade on the. b.:1sis of prosres11 payoe.nts , e.Jch disbursc~cnt cust
pay 1111 construction costs to the date of contractor's invoice, less 10%
retainoge. to be disbursed upon completion of the contract. provided :
a. Lender shall h.1ve nsade intet'im inspection and final inspection of the:
construction as it dee~:tS necessary, to deter:line that construction
confor::as to plans and spe..:tfications.
b. Inspection : D:~nk to m.Jke intaria inspections .1nc1 fin.1l in s pection of the
const r uction .1~ it dcet!ls nacti!ssary, to dl!tercine thOJt constructiO:'I con ...
foros to pl.ln~ ilnd specif1c.:1tions.
c . lntc:rtm Construction Lo.tn: Interim financing is per:~ttted provided that
prior to dlshursf.:ml!nt u f ..1ny lo.J.n funUs D.:mk is aatisfieJ that con~truction
h.:u been comp Lct.:d in .J.cco r dance 1.1 lth fiu~l pl.Jns .1nt1 specific.:u:ions and
th.lt constnwti.on (.md ct.,uip r.;\:nt) costs h.:1ve not e:l'I:CI!l!dcd $.!00,000.
d. l.icn \J.tlver..;: Prfor co CilCh dl •.hursernent of constn•ctio n funds lien
w.lfv,·r ·, mu s t h!.! o iH .dth.tl ff Pl~t ~11 con tr.Jl tors, suUcont r :H!t •l1·~ .1nd any
in •lc:p~o.u\J cu[ w n rk c r ~ tnvolv..:cl i ll the const ructton •
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Lo:on l'>o 9198 88345
CONSTRUCTiON LOAN AGREEMENT
T h1 s :~g(c::nc:nt cr.t:rc:d into t.his dJy of ~ , 19 l.l._
bctwcenrAU l. H. IIA C.jl ~~f_~!;)!t.I~ti~~~!l R eatau-ant 1\n:S
hc rc:ln l(tcr rdc::rc:d to :h. Oorrowc:r :lndCH:\TFIELD BAI"K .hcrc i:uftc r referred to lS Lerfo b,;; ~'At~SET H :
DorrJWC:f desires 10 obll L;'I 3 conslrUC:liO n I.J .!n from the: Lender in the lmount of s~~G-----
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C:Y idcncct.l by note: o f the U:Jrr.Jw~r dJ t cd~y 2 l 1 9 71....---in (:wor o f Lender and KCurc:d by 3 .., L-
Deed o f Trun cunstltUlJ:"l,l: l ficu he n 3.!;llnst rc:ll rs tl :c: .J.nd im provements to be c:n:ctc d th ereon in _____ _
County of__AX..4JL1WL-"------· St..atc of Colorldo, d escribi::J Js :
toto 17 to 20,
Bloc k 2,
ENr.tr.unon .
Count7 ot Ara ~a hoc,
State o! Colo rado .
:lnd Dorro"~~>·cr :1nd Lender c!~s irc to enter into this Cons:ru;:tio n Lo.Jn .\£;rc cmc nt co nui nins :1ddition:tl coven.J.nts Jnd
condtuons f...,r the t'tt.:t h:f,t o f t h~: I cm.h:r JnJ furt ht.:r :r.~·..:urin:; t he rcp:~ymcn t o f Cunds JtJ\·.ancctJ :mJ to be JthJnccd
unJcr the pro,isi.:>ns of SJ•J nute :wJ J .:~J 1•f lruSllnd under the pro''l:.t .lRJ of thi s Agrt.:emem. h is understood :~nd
Jgtccd thJtthc pro,·i sions o r thi s C.ln)trut.:uun Lo:~n As,r~t.:mt.:n t )h.t ll h.: ..:,mst rucd "''lh sJid note Jnd d.:.:U ot trust
~nd u 3 pln the re v£, th:H :my brc:tc h of t he t"U \ t.:nlnts Jnd t.:on;.h<ton o f tlu s Asrccntent ;h::ll be &fOunds £or d ccbr-
i ng 3 dcf:~uh u:tdcr uiJ d..::d of trust . c!.:.:!Jnn :; the who le IRI.kbh:t.lncss Jt on.;e dut.: Jnd p:l)'lhlc. :1nd uut.•tu ttng fo re -
d oJsu rc O( Slid deed o f lrlJSt ; th:J t 10 lh~ C\t.:O t Of Jny COI\01.;( Or IRO:O:'ISi Stcn cy bCtWt.:t.:n the prOViSions Of this
A&ree:ner:t ;nd tt:e pn.l,:s:ons o f naJ null.: :nj d eed o f tr ust , the pro,·i sto ns o f this A ~rccmcnt sh:all control ; thll
t.h es;: pre~nts shall be bmJmg o n the Borro wt.:r. Ius hcus, tt.:prescnt.ttl\ es Jnd Jnigns Jnd ~hlll tnurc to the benefit of
LcnJcr anJ its succcss.Jr.i .mJ Jni&ns li t.::;..LI h.::~lr.Jc u of lhl! ir.dd.Ht.:dn~.:~s secured by !1.:1id d..:cd of ltUst .J.nd !ha s
Aoreemcnt.
In co:uiderJtion of the Leade r ~.J.\.;J ng th e :J.bovc d~·smbC'd lo;an , Dorru...,w herl!by :~~r c cs to .:o nstruct on ~id
rc.al estJIC ctrl:lin impr.>vc m cniS COMiit :n g o f :
A RtSTA~RAH T & ?I Z!C R!A
LOCATtn AT 3S42 Soutll Fox Street
Englevoo d, Colorado 60 110
in Jccord.J.nce wtth pl;,ns :md spccificJtions o n fil~ wit h ;,nd l pprovC'd hy L~·ndcr , ;,ntJ 1n connection thert:wtth funher
·•~o-rn:s :.s follows :
I . Borrown-:aure:s L'1:1t p:u1 or t.~e md..::ement fo r m:a\.:mg th1s cons:ruction lo:a.n :1re such commnments fo r long
term fin J.nong to rtpbce t~us lo,n :~s ::lly h:a'e been heretofore recc •,·e j :nd .lpproved by Borrower to&cthcr wat b
rdl ted FHA. VA or o:!'ler supporttns eo:r.r:':.!:m cnts, or m the absence of 'uth commitments, Borrower 's :pphc:won
Cor such lon: ternt fin:an :'l:t_;. o r for the con\en1on of th 1s lo;u1 tnto penu:mcnt stliUS , J.nd Borrower hereby :~;recs
to f ulfill 3.ll ~qu t rcm c:~ts of such com.rrutmcntJ J.nd J.ll reJsonJble requirements for such 3 lo:~n pnor to the cxpua·
tion of the commllmena t~crdore :t nd rcl:ltcd thereto or ~fore thas loJn 1.-ocs mto rcsulu monthly plyrncnts. Bo r-
re"" er spccificJ.!I y .J.I;fC's to close the long :erm loln cove red by such commitments or :.pphc:n.aon Jnd c~ecute :md
deli ve r J.lt !'tet"CU:Iry or :ppropnl lC docume-rm With respect thereto prom ptly upon completio n or th e J.Coresaid
tmp rovements ~nd nor I.Jtc r th:1n _ 3\l-·--dlys pno r to th .: c•parJt10n or the comnuuncnt for such long
term fin.&na nc.
It 11 furth er undcntood lnd agreed th:.t p:trt of the considerJ :ion (or lender making this c:onstruruon loJn is that
le nde r sh3.ll h:1ve the n£ht. wt t hout t:ci~~ ub h~l t ~·d so to do, to m J.ke :1n y subsequ ent pcrm~ncnt or liJnJ term lo:1n o n
the pro pcny herem descntxd; it being un:.krstnod J.nd Jgrecd by the p ::rti es hereto thlt th e permJ!lent or long term
ftn:.n..:ang Shlll not be r!:::CL'd clsewhc.-re \\llhC"u t the specific conse nt o r the Lcnd~r In the e\'CRt the long tcnn
fmlncm~ shJII be pb c~·d elst.:"hcrc without spi!Ci flc consc:nt o f l er.dcr, Lender shJII b~ entitled to re cover from
Oorrow~:r such dlm :a l:~·s .Jnd o bt ~un such rcm ~dtcs J s mly be :1.\':U ilble to Lende r by llw. I n Jddit io n to ~uch other
n ~tus :t.s L~n dc r m .ty hJvc, Lender shlll b e ent it.h:d to forthwith collect from Do rrower the follo wing :
(:1) The amounts o f 311 fees Jnd chlrgcs d ue lttd to btcome due to Lender fo r m:aklng th is loan and aU
fet.:s :.nd chlr£.::S th:at would h.&\ t.: bt.:cnme due t o Lcnd•-r hJd the Lender m:.dr: Jnd consumm:ued the
hmg term lo:w. J.nd
(b) All :.mounts ""'h•ch Lende r shJII have p:.itl to :any th ird plrty o r m3y be or become hable to pay to
:.ny t hard p.arty on al."~.:ou nt uf or 1n connection ""'itt: rcccav ins the :.pphc:uion £or thiS loan and/or
:he lOll ,!! ter m lo.&n , p rocc:sssng s11c h .J.pphcJt.ions o btJining commitmc.-nn fnr c il.h,:r or both h>lns,
prl'p ;mns to m•l..:. m~L:in~ :.and :~r.Jm i mstc:(lflg Juc h lo.1n~ or eathcr of thcnt.
The \s ol.thon 11 f l.c·Hkr's n~:ht hJ m"l.c the lout-: tt.:rm ln.m 3$ provided in t lus pJ.r:.gr.tph shl.ll be ~ ddauh
unll cr this ,\~rccmcnt
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2. To complete the pr.,poscd 1m provemcnu to b. cor structcJ on said propt'rty pro:n;HJv ~~ :lccordlnc:e w1th the
:appro\·cd p:Jns :r nJ ttpt'c•f•~~tl on s , free C:om :.tll mrc au .. s :and mJh;r ,.~l:nc:n's !tens :J.nd a!! olher bcns, cllmu. or
t ncumhr:1nccs except th.:-: h.:n o f the ;U,m:sJJd tx-~.1 '"I( Trust ::.nd thas Agreement .J.nd su::b others as m.l,-
spcct!JC oi U) co nscn:..:J to by Lr..ndcr, J.r:d '" stnct conlot:n;w.-c •o C\t~t1 ng IJ ws buiiJ,ns co..!:s J.nJ ,c:,n tng c r 1
nlnccs ,, fvrcc :ln d effec t '" th..: Cou:.i.'( Ctty C•r N l.a :~ r .:. .. "l. hie.~ SJ;d 1m?h>"'..:mcnls .If..: con,:rudcd ~nd ~h.J.Il
:rt hts O""n r..1>pcnsc an d '" Ju:: tJ Hh:, l•ht.u n ,tl' nccc~\..Jr'r li .. LR>e: .. nd pc rnuu rcquz r..:d (;J;; Cl .r..:•.!cm to ~.1.1d con
uru..:11o n. Such cvmplctJOn ~h.1ll bc d!.:..;h.:d :!1 .11! ,.~·cn t ;J'1Cr '" th e cxp1tll10n of FHA Cvo:a :ncnt 'O ins ~re,
the VA L o:ln Ciulrlnty c~):T\Illltrn cnt .Jtl~ C\'"tY Ol 1h.r c m:-tulncnt for r Pl'rl-'lnlng IU the !O:'IS term r OU"C.tn(;
or pno r to t he d.ttc of the r.r!.t p:&)tnC'nt J uc •f the:. lo ln goes •n H .. perm_.., ,, ~tlt s
3 T .... comply \l.i lh "'II cnnd•t•or.s ntldc .l p.1n of the HiA \'~or o th er c~."n mll:ncnt in conncCI•on ..... ,Lh t h e
loJn o:~n(.! t~ c;all f;:,r .,u r~qu,r~.J mSjll::t•ons o f const;uclion. If .•t J.ny ttmc , s,;m.l .::on~o:ruc:ton 1S not slh)!J.c~ory to the
Lender, or 11 shlll be u ( the opm10n 11s Deed of Trust lS J f•rst Uc n 1s m JCOp _udy, •t !o~UJI h .l \'C the n~;ht to 1ot o p
'ont.truct•on :nJ n1thho!J further d•:..b u rs.::m cms 'r <·'TI SJuJ Jc.:OLinl t..nhl c.rcu nstln:~.-s .1f:'c ctl:ll;, the co nst ru~t:o~
Jre Slll:..bctor y to ''· or the LcrH.lc:r ·n us d•s::n.:t1on mly tl~~· n.u :<1d m.Jnl~e he JOb :\.:. ~...!.:'lg t~e dcs.sn:Hto n r.f
supcn isors JnJ t.h e hin:'l,::. J nd f1nn!! ('I f -.:in pl~·~._.c:..u f the: Urn<l.,..er Uvrro\Ocr ~cro:-h y :H;~c:cs ' lt u,on noucc hy !il e
Lc nJ ~o.r so to J.>, •t \\Ill .-:::u.:s.: J ll \H ·rl.. on the &nlj)[O\'e, C'flh •t ·.::J sc H'll-1· ·uc'' ,,,~,:-1St Jn ccs Jr:: SJ!Id:l CIOr v M ~~~
lcn:kr Jnd 0 \l;mwcr \"'II CO>Opcr:H\! tn 1..\'t::r y ~.ly to ::.I.it !o1 ''1• [ t:-:d:::, n :.:!'-.Inc, aver anJ OIJ~l~n!: the 11tb, !ohCluiJ
tl clc" w to.J <.In LcnJ~·r 111..1). 1f It )>I..J J.:!:::r .. ) JJ\ln.:e .. d.j ·,._:1 s -,. 11 c.\~~\· ,• the .JtfiOU1"11 v; the afor\!S J IJ no1t
f.tr th~ pcr~sc uf c:on tuhun,; ... ,, ~·omrl.,;t.no.: rhc t..on\tr..,c• ' " .Jccor• ~~cc '"'" h.: u1J pl.lns, spc~o:&flt.J tiOn$, con-
ll •t~o•ns ;,nJ rO:&JUir .. m~nb .• u..J 1\i..II!.I C-.:'m~·''' :anJ o pcr.JI10f1\ .,._ "'' ~~·rt ... ;n,J for the purpOk' ,,( !'rotcctme 11,
I )•\·J ,}f I ru:..t Js :t f1rst li ~n \0. h1th ;,Jc.Jmu nJI Jd\.l m,IIIC"'~II ..1nt' .Jn'r u.hcr sum~ 111 ..:xcns uf 1hc :tmount ,;f th.,; n~}te
\O.Iu~h l1.nJ.:r shJII he c:..lkJ o n t n .t.hancc :..h .1ll t'le .u.JJ ..:J h' •n.· ·ld..:or..-Un~ss t l.,;n u••·"j,: to thc. LcnJcr ..1nJ \.I.:Cur..:J
hy rh .. • LJ,·,,t <'( Tru,.t hc!J h) 11 ,11 ht..u·,: tut ..:n J~U hcr~hy 1 \~.;'' '•~.; 'u•J~:r \O&tlt .1 first lt .. n vn thr prcm1~s ru t.he
C:M.::nt or ;Ill J.U ntS .&J\"J II.-::..:J h y II to th..: n.,rr-·w.:r Pro\ ·U.:d. ho w cv~..·r •h~.. f"uh ll e Tru)ICC \) Juthonzed tu n:k.J!H.: SJ nJ
Dc:c.J or Trust u pou :..u r r cnJ~·r o( I hi.' ..~rnr~o ~I J nntc ror C;Jit .. dllhon l•llh.}Uf lllquuy l~ tn ~uc h JddihOn:tl J.J\'lOCC·
me nil.
4. T,• reimbunt! thf' Lender for '":"lnntes pa1d by it fo r rccord•n;:;, abstract, haz a r d l !'\S Urllnce. Federal
Housi n..: o r Veterans Adr:un~:,tr3!1 ·•11 h .. t 1§, cerll ficlltc o f lJ.)o.e". pbt survey, a p~r a1sal . tiLi e insuro.nce,
0\ttorncy"s ch::a q::c :~. or utht•r <')o.p,•n:.c:~o ..1nd pay the Lende r ~uch tnttl:sl servtce .:md other c harges iUI
permitted by the a ppltcaltlt= rulc:~o ..1 nd rt•J:ula liOOS , ::1nd OOtWilh!!i t:l:"Ld iOJ;: any COntrary pt"O\ ISIO O 10 the rule
u r Ocerl nfTr ust Uorruwer ..1,:rc f·S tu p.1v anttorUl on the loan pn, ... eeds d1sbursed At the rate of ~
_.:_o~v~e:_:r:.._:Ue_' B~D::._r:...!.r!.1c~•_:.-_.:.9.:_Z_:_P.:_l_:::o_:::o.:_r ________________ , oay able m onthly.
S ThJt no mJtCnlls, equipment , h \l l:rcs o r :my other pJrt of s.11..l 1mprowm..:nt$ d..:'i::nbcJ 3S l p3rt o{ the
security for lhc lo:.n, shlll be pur.-::hJ.\:"d :anJ /or mstJ II c:J under ccndlt JO nJI S3 lcs Je,rcemc:-:rs or under other JG rcc-
mcn ts whcrcm the n ght it rcSt.:rvcd o r Jccrccs h> :~nyone to remove or to rcpoSSt:!l.:.. lnv such 1tems o r to on.wder
them :u pcrsonil pro pert y.
6. Do rrower J~recs to fum1sh Lcr.U~r J complete set of pllns JnJ spcetftco:~l!ons, ::~; list o{ c:o ntrJcton., \U b-
coOtrJctors :nd :nltcnal SUj)ph.:rs. the nlmcs or l ny J rch•tccts and en;Ln:e" cm plo)·ed in o r fo r t..,c constructton uf
the lfon.·s Jid tmprO\'C:m::n :s anJ su::h uthcr r::runcnt lnf.;,rmlllon JS th..: Lender mJy rcqulfe !r,;,m t1mc tO lime
Oor rowcr J sr::cs to pcrm1t t!':c Lcnd:::r t.J tn s;>cct th e pr.:m tscs :t:-.J th~, r.::::ocds JnJ th\Ol) CJf J.c.:;:,un t rcll.ti"C to th c.
constructiOn t.h:rc:on du:in ~ bu:..utc:ss !:~urs \~i:ho ut not•cc.. Dor rowcr a;cc..:s to fur nt:..h r c::clph:d b11l s .J nd rtleJ3.tS
o( lie n ri ~h ts co,•c n ng J\1 \\o)tk d;:,nc J !ld mJt,..ri:tls fur nis hed for SJ.1d Im provements as mly b e rcqu1red by the
Lender, Jn:i to prot.:.;t the hrst hen o f the Lcodcr from lny pnor hens.
7 . I n the event wo:k s~uuld eels..: on 1mprovc:ncnts for f1ftt:cn ~I S ) consccu11 ve d :~y s. the 1lntc: sh.lll be cnn-
strued :ts Jn e\"Cn t o( dcfJuh he reunder
8 Bo:TOwer J~ccs t~l' no ci;J.,~ s or Jdd 1t1.,ns 10 t!'!e p.l ns or s ~c thcJUo ns, contrJ:to rs. sub·COOU"J c:tors
m:atc nll s~~~hc rs , Jr.:h11ccu O'" en~nu rs dull 'x m.ldc Jhcr ,.,~ .. Jme h:~vl" been l ppro,cd b) the Un c.r w•thOI!!
f1rst obt;un;i'lt; t.!n: \O.rtltc.n cor:s.::"'t ~,.,( a .. ,J J.. nJcr o su h tungc:s ~·r 1dd1t1 ns All c:on!f.JC"t) l.;t by lh.; Uor (\ ..... to.
shlll eontJm t he prO\ :..Lon ~~l' nt '"tl"Cl n piJn• " ~p~,;, • "'l't'"" :ul1 he M:'l dc un css nor ~rt prov ' .,.,.
l...tnder h:~os bc.c:n obt.lJnt:d
follow
Sub1t:ct to the pcrfO'"'Tllf'ICt C"f 111 conWuon' ,.,ertt.n pro\•tded the lender shall d•sbu rsc such lo;u, funds u
Proce•d • •ho ll b e dtab u ree ~ in propo rti on t o l c ~dor'e
e s ttm~te o f coo?l ec1on u ron pr eft entnt ton to LQn~cr b1
Dorr ove r o ! rl1 ~ c~qu i re d d ra v rc~uect d oeuo e otv o l ong
vit~ bi l l• an d/or 1nvo1c cP far •~atcri a l uud/or l ~~o
C'l t!ll ver ·•·1 o .,~ ?rr!...,rM'"I 1 on t:l1.: qu"J e • nro •e~t' lind
Len J er '9 ~r p r ovol of eu cl· ~U~?Ort1ng QAteri~l •
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IJo rr.-,wcr and bualrtcr .l!;fC:C to dcJi,·:r to Lender I'Tt mtd lltc ly l!pon rtcc.~t by t."u·n o r no c l.11cr titl •. 'l che ne:.1.t su;:c c'-(j,n~ ro:quc~t fo a ~.s burkmcnt from the con ~t ruc~o n 1\l.l n ;lccount, copt=s a f ~nv :1 ::1:1 :~II :-tctJccs (.led M th!
h"crcJ hy d.um •• na Cor ITI :t h::u ..&ls JnJ 'or labor or :!oCrvtcc ! LHtu,·• J 1n conna.110•• ""'L~ the ;>ro pc r:y as """" .!'"d )"
n So.:c r·on 2 86-3-! (4 ' .md (')), s...~r•o n ..1 '\ -1 '' It an~ ~'-''''" ' ~t-.-1 ::1) .l • ("f?' .,,..
\mcnJ.:J
Do rnwcr ~s.;:c cs to cndcmntfy Jnd hold h J rntcss llc: c r•d..:. ':nm an" an ... J.il cl.1 ~~ a n s;r.~ ~"' c.J•"!''iil"'.,
for IJ t-f ,r srn u:c s m ..:~o.'u ncry , lo-ll S ., .. t ;>:;"~~o.·'l l . -r-c·•J .. J .. 1,C'd 'il.:t';': cd •msheu •· r p ·~
:md C.)r ro ~o~.c r J •;rccs '0 p:1 y J.il CO\;S \ollh 1.,.h mJy be InCUr \. l,y l.cr,,!a :n ttl J d:n ~ .l~-H:st :,u .::1 C.IJim,_
h 1s :lt:rccd thJt Lender )kill hl-T t;h.: nght tO n.l.•ln .a a ll i;n•rs 11'1 the CJ ~ll :r ~:. • 0.1 !;,.n M=.:o un t .J su re n
sum o( li te loJ n p rcx.c:ccJs to Cu \'Cr l~tc I ..:r.d cr 'i C !i lll'~l:;:. n l the ~us t of comp l ~o i•On ,.(·h.: "''O ~cr:) ;t ~d a( .he c~:m•.u ·
o f the cosr uf co rr.pk t•on IS •nc r .,·J lo ~J ,11 .. nv r ~e .Juc c n..:t 'JS.. t cos:s rh .. , . .:s 1.1 Ult: p!..r;~. 11 f<;r 1-J r
rCJSO !J, l c"ckr ... _..v :u a solo: d iS.:r.::ton. c:o.,,rc: ..; .... r "" 1 •.;)!''•' ~u ffr::•.:o · ~:.:n :,. '.I !'I L-;-:J •_ to ",:; .• Jd~
'-r c:on~u r uct:on 10.l n .lC .. UUl ll , or t..:l•U •~= 'J->r ~""" rn ··~ I eLl q(';'l.tl r ... n,·~ 1., :-"':'C;t•~:y St) 'hill I he ;o,~
o f th~ COfl~lru•:tt nr IOJ n ;'I..:COUI II ...,,!I co ~o.:r th..: ,;:.1rn c •-..:• ' • pn ""Crt y , JnJ l l:"r.f.!:r tV '14 t."lhold 'u.!hc. 1t
bur ~c:nc:m\ u n11 1 t'lr i 15 J.•u .: ~('I nt .. r .. st \h.lll b.. 11 . .1 1 ''"rr1w,: 'I' J.:C'lunt .If J:l..!, 5._, .:!1.7 00 'ittCd b u t u ·t
funds ~~J tl be J ,i b~.o rsc:d rrom th~.! co n ~:r~.a_:,o 1 I(IJ.n J Cr•l..:nt ' • .\.J m, m J nr..:r ·tlt ~<l.Jn •·nJ , ~r~.: d 1 ~~.Jncd J"''i
f••w.Js t.l~t'••)i tCJ hv U11 rrcn•~r )h.1.ll be Uhhurs .. ll h\.l urc (urthl.!r !oJn 'l.uJs Jr._ J,, ~r scd
DtsUu rscmc:us frw m the ,·omtruc t.on 'oJn :J -.: ... n u ,t '~ 11l bt-IT' ... U~ .o t"tc OCI ~rO\\."r or -r ~er or in 1/•e L nd r 's
~lc dt~r du.>n fr,•n t tun.: hl llll tl.! \~t thuut lt.t b•htv ''1 •u .J\J o r f,Jf ., ->tn:.! II • my :t r~.,ltt..• .'tt!;:mcer , cm•r1c ~·r
suh-contr::.::to r , su~ph 1.r o r Jny oth..:r nt. ... lun,;: •·r tUU:1 :.1''1 1l n ~"&·•~..:J •" lur n•~'u n ~ Jn~ t;l"' -Ill... or :')r sw~~
itn p rO "-'\!:n .:nt s o r .J ny p.Jrt thcrcur. or f,H --'r.:nscs n._.J:r u ~· n u~.lbCm.:nt .J r,J p ~ot.~ r s ,,~ •!-:c p rnput-.. H J-
c ,·cr. '"no c:J~ sh.tll Lender h~., ho,~hk fo r .J .w ltc n 1r .,.._ n ,,.,_. .. , "''''.:'t m \ .,.._ f I.J ~ .. t:-~o t .. ~ ~...... reo v
:1nd Oo rrower :lt'r:~.\ tJ imnt'-'d to,~t,h r._:n •. n -..: .. ,._.h er:~ Jr •.,. .. m u .. n .. n fd~J J ~J itl S t t ~ .. "'t\C:t oropcr '"', "'tC
puor :o t:tc li en~ o t t~-c l>t-r.:-J o t T r :,· kr .. :n .k s •' t 1 .,J •· .·, w tc J -.. .:r •. l •n .. --~ ~,,,, IT'~ o .• • 'lPO.
::ny o r Jll such J•~bu r scnh.:nts \4 atlu •u t •h .. ••..:.ur;:n "~ ..1! ,f c ~~ C"u nJ , "~ :·cr " "'ru ""~ .. iJ
JO If Dorr0\4 Cf" h:u .l p plr cc.J l .•r .I ·.·II l1 be .nsu :~.:J L't i t it~ fH ~ Of "Y rn \' • r. •'rJ:-l" "1 Uf0f o r to be
'u.Jrln tccd t'ty 1h.: V.--\, Borro \lt Ct .J~r~·o 1.1 f uJd l .JII rcqutrcmcnts h ·b!,Hlnrc s u .. ~ '~r.!n..t: (')r p • .1rlnty mcludJf'!J
t he c:K c;ut1on of :::Ji ncccss.Jt )' d>Au m c nt s ..1nJ iu b m•s ~lon ul .:11 p r li r q ... ), h~ ._ ,.. lec.,c:~
lf Do r rowcr or th..: rcJl cs::~t c or t"tc lm ?rovem..:nt s sh ..~ll, fo r ·~ c~~:) '.1 1 ,~.o.J' • :-suc h :nsur.Jncc r
~:~r:uu y so th .Jt t he s.Jmc: cJnnot '~ ·'~uun..: . Lender, .u IS \ PI o .!~.l..1r .. ~'~~: • ~ ~ ,t!..:hh:Jncu 11'1e.:-t
outstJn:itns J.t on .: duo:-.lnd pl't J.h 1• :u·J 'ort'\"tf., ·nwt... i '"<' "'t ~c-, '.Jr "! , '';t;,:,n h:r .. c f F.l••t.trr
10 obtl1n the 1 nSt..~."lltc c or ~uJr:tmy 'o1.1t h :1 '"'.!. l (,() JJ f t J.J~ l'f' "!'! . .;, r! T~ .1 'l "l ~ ., 1, .....
obtltncd sh llt cons;•l!Lt c p rti:1J !J.::1c \,J .,.II~.,~,: dua t h e: Unrr \' rv r .,: s t::tl~ •r 11':"';-t r,:H , 'l b ..., ·c,. ..
such •n~ur.:t nc:e or tulrlnty Jnt.l th .•t 'I C" .m C ln :-.~,. !"> '"' ,_, cd
Do r rowrr J~r:cs not to tr:mskr t•tl e ·o the: Jbm c t!c s..n bc:J r.:..~: c-s l.lt..; 10 ..1nyon t ds..: """' Jil Dor-ro.,_.c r 's ('I ~
l!t;:lltO,S u nder th.s :~CC:nCnt h.J\C t-een futrdl.::d 'l._lu ,:ht·,: tl.e cl (l.., nt; ~f the 10 g tC:r 'll fHl-11Ctng Jr.J the: ~C C C I l
of l~e r H A Mo r:~"J~C l nsurJnce (l( pm :n:: ;t!U rtt:l~C •nsur .. nc r.: nr \ •\ Lo.Jn GU .Jrlnty, tf .:J.ny .Jrc to obt.Jtnet1
II T o furt~c:r scr.:urc 1hc p.l)'mo:"11 ol t ~c J.fn r~..s.ud M t~ J nd 11 1 \ums \4 hi .h m .Jy bcco:nc d ue ro d1 r lc"1dcr
from the Dorro~cr hcr..:~nd..:r 1h.: O r"rtn•~.:r ~..:rd11,r ::ntgn-unto l c L\:ndcr. -~ su~.ccssn n ::md asstg:ns the rents
:~:;rum~ :md lo.l Jt';r uc: f:o :n r~JI c st:.t .. .,cr..;mCdor~.. dcs.:r .t-cd ;1nt.l .J II •mprovc:":lt.:nts I.Hc'ltt:r erected thereon Jnd
hcrt.:b )' d 1rccts :t il ;t.:rsons \\h~ nlly now "' h..:rc.J ftcr 01~c such ce nt t n ;J.J )' the sJm..: 10 Lender w tthout fucther
Julhoruy of ShO \\'Irl s; o ( entitlement thcr.:to Jn c on n r.:l!~"tn 'W r;h tf1 c forcgo -11 !" .Js w:-n-nent o f f~":'lts tJ'o c: Lc:o.d l' .~
he rcbv S;J CCiflC .J II v ,Jtho~tz .::d hut shl1l not be obhg.J t..:d to cmplo v r rokSS!on ... l rn l"1l;_':l !'Tlcnt o f ' r prCfJtrt'f' ,.,
o~dc r 10 IR\Urc: the proper m.Jtr.:cnJ ·t..:..: J..-:J '-'PCt:I IIU :'I ·'-rr.-of In 'h ~o -:v.-.n• -r, .. l !(l ••ow l:"~ s l\::~1 r o • ~e
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11tlc s :lm.l m:~rcs:s rtf t he L cnd:r m :h.: hcrtl"lbcfore U .. rJbcJ rt l l pro pc ~t ., u:tdc:r 3-:d b !' \ittuc. o t t!'\'t ".s:;:r.::::n::nt.
fn t he event thJ t t.h-:-llUrpQK"s o f :...'la s ,\~rc:cm c m 'll"t' been futf1Ji~d pnN til the ?.;:\~C :l t o i the not'"" .J.OC Dtt.J o{
Truu t..h:scr •bcJ tn t he prclmblc. th1s gr ccmcnt s~ be rcltil(td bv ...,n :=.o lDSli\Im:nl .... 'l,Ja $h:L.! not J+ect '~c.
no te a.nd DccJ or Trust.
l<>n der CH ATFI I::LD BA:'<I>.
l!y r<O~-{-,y{ ~·-
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S TAT!:. O F'C O LO KA UO
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a n d P 1 :::.z•r1 a
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c;u,.q(~' -Jl A.CH!.I~: d/b/a ra u l •
Rn~t•u~An And ?1%aor1 B
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-----Coun ty of _ _,_I eu...f':ceo..rr..•L>:>.·:l.•---
The for~~U IOJE anstrume:lt wall ackn o .. ..tedh:ed before me th a ::~ ~d a y of -'~1<•o.;yy__ __ , 191.l.._
l:Sy p.,ul H . 01'\~hli a n And S h .Jka ' T Onp,h l i an , d/b /o P .3 u l's r..oe t aurant
and Pit.&eria,
and By J4ta _, H . Borrow an Vice P rao id en t of Cha tf ield Baak .
a Color&do c~r p oration .
Wit neu my h o nd a nd o ffa c1al seal.
£,1 • comm1 s s ao n ex;ures _ _,,iJ"'-'''-'':J'"-' -L~~' 9 7 o
~o ta ry Pu b hc 1 I Bo v <n l y C -\.o l •o n
t;UILOC:R 'S AG~C:t;N',ENT
\Vhcr c:lS l l a rTO\\'Cf has t•n t crcd an t O .1 C'.Jn lT:lC"l ~oqth f c P AT !3 'I I T n 1 t[f" C 03 pan AII O.
Uualdcr. to co n struct th t' tm ;l r ovcmt"nt• contcmpluwd n •hp. a tt.Jched Construc ti on lo:ln Actreemr n t.
b4•twc cn ....F..'-.i.;Lil ... p~r,u • I .\N 4 S IL'i b i 'T 'J !C'II I AB orrow er . a n d the C HA TFIE LD 8 ,·r...
l..ender tl {b a :l P o.u l a :\.e8 to u r B n t. n d Pi z ze r ia
Thc rdnr .. • fo r J.nd '" conJ.Jd cr lUon , r UlC' oo n'" •c.t "'lh 1orrow¢r J;Od ll1.: ft n :J ncm~: pro'~~~..,.,. _cndet
to Hor ro wcr . ftu ·ld~r :a:rc:n \\If;, Rorro·vr· ol":c! '"ld p "1\f(lrl"'l to \.(' rro"iSIOTU o( SJ.I\.' Coasuuct.or l.o:1r
J\;rCC 'Tl C:"'I ~r.d, "50(J;r ~ thl." \.lr.l 'T ' \(' 'l! :-~ p ,..\. liS 'vrc!t:) .. <l:; l! OUII\.Icr nuald er 3J:':"CC· •. , pcr'"'rr:"'
obh ,lLons l.~crcc { sub j.:ct "n·v ·o ['f:C'" ,.~ ra~ :n .. ftC'I"r ;l"~rro"'"rr :~-.; p rO\'H:I c:d aro Tile COI"Mruc Of' ..:o!'!~t"''::-t
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flu rr o...,.::r :-n t J..rd.;c,
'iT TF. O F I"Ol.OitAUO
------County of .____.l.c.Lf.er•co
Aull d.f'r ttcP/1.7 l\'JTT..i:H r. t;O~'PO 'R..\.,. .. 0._
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Th~ fu rt"J:VIO I: mstru m r n l was Ackn ow led,::ed hf'fo re me th\1 ..:Ll.u1. d a v o f _;•;IJtOiLYY----, 19l.L_
ny Oo nl'll ci 1 .. 'P:Jtton 1')8 Pteld .f\e nt o n d Uo n c y • P. Patto n o ~ S ccr e ta:-y
of 'tc r n t Gut.lcJ1n l\ Corpornt1 on , " Color:t~.do co r ror o t i o n
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Bank
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O.J te H.1v 2 ) lQ 77
loan• 9190 -0 0)4') __
BOR I:l:OY•E R ~!b~N • ..__r 1'!!~_!!~ Sh~~£~.Q{b /d Po1uL's Re SLluran t & Plz.zer i..1
7l n 9 Sou tlt W~b s t e r Str e et
_____ P,.,O NE • 2!9-0:._1"-l -'-9 __ _
PR OPER V 4 0QRESS J.}.ll2oulh ~~0'( St reet. in..sl..!_'-'OOd , Co lo r.1do 8 0"--'--1~1!!0 _____ _
l EGALOE SCAIPTION l ot" 1 7 ~B l o c k 2 . tNCt E ~OOO. Co un tv of Ar.ap.a h oe. Color.ado
G EN E.AAL CONTR..\CTOR l'l cP,\T~~~-0~!_2~Q.N_, ___ SPEC ___ CQN r;u ,crTA!\£-OU
LO A.N AM QUr-H S .J .~Q&OQ...:..O.Q_ ___ I N TE~:S T RA r E2 _!__o:'.~~~!i_!_ ER\.1 __ 6_~~~~t7 ~~--
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LO A.N AMOUN T
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Loan Fee 2%
Ot::ed 0 1 Tru "
Pl"lease
Vlatranly o ~ed -2
Ass •gnmen l o t Rt!niS
0•\burse r s Noltco
Su oor a •n~lt On .=..greem~r •t
Con~IH•C:O o n LL!.l" 1\Q rc emenl
f•n J ri\.II'I !J S!atemenl(s }
01ner
Tt llelnsurance ·'()t..:&:.L "i.X LIEN ?ROTFC T IO N
T a.c Ccrllhcale
S urvey
Cre tJ!I neoon
B lHh,h.•• s R rs k l nsurJnce
T .J ,es
r.uorne y's Fees
01ner PAYOFF-R!o!pui.Jlic ~.ltl onat
TO T<\L CO N S TR U~T IO N lO:..N COSTS
BAl AN C E ro O A~W
CONS TR UCTION L0 4N ~\1 0U N T
s ___ 3,_3_00..:.09
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160 ,000.00
s 105,46 5 .11
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E.SI I,.I,)I• •I I n e•eSI _ )_. h0f.L...Qp_
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REOUI REO I NVES TMEN f oC IS h·IO loan) -0-
Bnr r•J wer h Prf'ny <\qrees 10 t1•·no~•tlnP Reouued tnv•s1n1en1 n o 1Pr1 aoove w •lh C HAT~iE LD BANt( ba sed uoo n ac tua l
(tl ..... v 'C4lH'')() .ln1 SI.J~f' ,, II'IIJit!trUH ol 4 0•1S'ful '100 t 'POt.u rP
CHATFIELo B ANK
Uv I(~ !lover(/ ..o ., 'I
BO RROWE R AND OR GENERA L C O N TRACTO R
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Paul and Shake Da0 nlian
Paul' a Reataurant and Pizzeria
354.l South Fox
En6lewood, Colorado 80110
Dear Mr. and Mr¥. Da6hlian:
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Pura~1t to the proviaions of the Colorado Li~uor Code, the a~~li
c&tion for a Hotel/~staur~lt License by you to be located at 3542
South Fox, £n~lewood, Colorado, will be considered at a public hear-in~ on April ~. 1979 at 7:00 p.m. Ihe public hearin~ will be heard
by the local licansin~ authority, the En~lewood City Council, in
tbe Couucil Chambers, 3400 South Elati, En ~lewood, Colorado.
Ihe reaulta of our investigation find:
L. You hold a curraut Beer and Wine Licenae 1saued by the
State of Colorado.
2. All fees for thid application have been said and all
documents have been submitted.
3. No licenae for this location has been applied for nor
denied within the past year.
Ihe application 1a considered to be in good order and ready for pre-
aent&tion at the public hearing . Thi• letter should in no way be
conatrued aa approving or denying the a p plic~tion. Ihia deciaion
re•t• with the En&lewoo d Ci t y Council, and their deciaion will be
made within thirty daya a f ter t he publ i c hearinu.
Cordially ,
William D. James
Director of Finance/City Clerk
cc: A. L. Overton
Overton & Nutt, P.C.
Jlll South Bannock
Englewood, Colorado 80110
CiRTin£D MAlL
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TO:
FROM :
DATE:
SUBJECT:
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William D. James
Eric Johannisson
April 6, 1979
Hotel/Restaurant Liquor License Application
Paul and Shake Daghlian
dba Paul's Restaurant and Pizzeria
3542 S. Fox St.
Attached is the file for the above application. It is complete and ready for
the public hearing on April 9, 1979 at 7:00 P.M. The file includes:
l. Application
2. Notice of hearing
3. Letter dated April 2, 1979, to applicant.
4. Financial documents relating to the business.
5. Financial affidavit for applicant
6. Deed of Trust showing right of applicant to property.
7. Diagram of premises showing liquor service area.
8. Map of petitioning area with similar locations identified .
A personal history of the applicant, police investigation report, and letters
of reference were not required of the applicant because he has a current
Beer and Wine license and has been in business in the City for about 18 months. All fees have been paid.
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ORL 404-C (R•v. 12/71)
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STATE OF COLORADO • DEPARTMENT OF REVENUE
LIQUOR LICENSE APPLICATION ADDENDUM
To be completed by each individual, partnersh ip, or corporation liquor licensee . NO liquor license renewal will be
processed unless .all questions are completely answered . Any FALSE answer or statement made by applicant con·
stitutes PERJURY, and the person mak ing such false statment subjects any license issued herein to reyocatjon.
1. Na me of licensee : __ P_A'-". U.;..;..L_.;.H;..;·__:D;..;A'-"G.;...;H.::L.::I.:.A:.:.N__:a::.;n.:.d:_.::S __ H __ A:.;.K_E_'_T_.;.. _D_A:..;G_H_L_I_A __ N _________ _
2. Trade name of Establishment : __ P_A_U_L_' _s_RE_S_T_A_U_RAN __ T_&_P_r_z_z_r:_R_I_A __________ _
3. Address of Establishment : __ 3_5_4_2_s_o_u_t_h ___ F_o_x_s_t_r_e_e_t..:.,_E_n....;g:...l_e_w_o_o_d..:,_c_o_l_o_r_a_d_o_8_0_l_l_O __
4. Liquor License No .: (Applied For)
5. Do you have legal possession of the licensed premises? _Y_e_s _________________ _
6 . Are the p remised owned or rented? Owned
7. lfrented,fromwhom : --~N~A~-----------------------------
8. Effective date of the lease : __ N:.:.t../.:.;A:.._ _____ _ Expiration date : N/A
9. Do you or any member of your immediate family (father, mother, brother, sister, children) have a financial
interest in any other liquor license or in any corporation that holds a liquor license? (Such financial interest
to include any equity, interest or loan .) If a swer is yes, explain in detail. 0 Yes 1?9 No
Name the other liquor establishment if your answer is yes :
None except the existing Beer and Wine License
at the location which is the subject matter of this
Application.
10. Does any person , firm or corporation have a financ ial interest in your business? 0 Yes g No
11 . If the answer is yes, state the name, and the address, of the person holding such financial interest, and show
the amount of such financial interest :
12. Amount of your investment in the business : _ _.::.S.::2~l:..:O:.L.O::..::.O.:::O..:·..:O:...:O:._ _______________ _
13. Percentage of ownership the above will represent : 100 %
14. Are you now an active partic ipant in the ma nagement and operation of your licensed premises?
lg5j Yes 0 No
15. If somebody else will manage your establishment, give name, address, date of birth of the MANAGER, and
submit copy of the "Management Agreement" with this questionaire :
No
16. Did you enter in to a "Management · Lease " agreement with your manager or any other person?
0 Yes KZ No . If the agreement is in writing, attach a copy.
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LIQUOR LICENSE APPLICATION ADDENDUM
17 . Have you ever held or do you hold any financ ia l interest, direct or indirect, in any retail liquor establ ishment,
distillery , importing or wholesale liquor license? 0 Yes II[]{ No If so explain :
None except theexis~ Beer and Wine Licen se at the location
which is the subject matter o f this appl ica t i o n .
18. At tach copies of any written agreement or details of any oral agreement, by which any person (including a
corporation) will share in the profit or gross proceeds of this establishment, and any agreement relating to
the premises which is contingent or conditional in any way by volume, profit, sales, giving of advice or con -
sultation :
N/A
I understand that a false answer to any of the foregoing will SJbject the application to denial or a license
revocation . I certify that all the information in th is application addendum is complete, true and correct.
Signature of Licensee -Title
Fe bruary 9, 1979
Date
Subscribed and sworn to before me this
------=:,~'-----day of ~~
My commission expires: > l;i?/ l =.•,t!1 ~ A.D., 19 -<-7 ..... f __
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: DO NOT Will TE l f'J THIS SPA CE DRL 40~ (R ev, 7/78)
STATE OF COLORADO
DEPARTMENT OF REVENUE
APPLICATION FOR A LIQUOR LICENSE
Th is applica t ion must be f ile d with the Colorado Liquor Enfor ce Division, St at e Cap itol Annex
Building, 1375 Sherman S tree t, Dem •er, Colo rado 80261 , t elephone (30 3) 839-3 741 . No license
will be granted u ntil th e application has been approved b y th e Looe l Li oen~i ng Author ity .
I MPORTANT: CH ECK THE APPROPRIATE BOX FOR THE TYPE O F LI CENSE(S) BEING
APPLI EO FOR . T HI S IS A N ORI GIN A L APPLICATION AND A CO PY MUST BE KEPT IN
YOUR FILES FO R RE F E REN CE WH EN APPLYIN G FOR RENEWAL LI CENSES .
0 RETAIL LIQUOR STORE LICENSE -City
0 R E T AIL LIQUO R STORE LIC E NSE -Countv
0 LI QUOR LICENSE D DR UG S TOR E -City
$17 7 .50
$262.50
$117.50
$262.50
$1 5 2 .50
$237 .5 0
$110.00
$301 .25
$30 1.2 5
$301 .25
$110.00
0 LIMITED WINERY LICENS E $ 2 5 .00
0 WINERY LICENSE (10,000 B ond Required ) $ 250.00
0 WHO L ESALE BEER LICENS E " $ 5 00.00
0 LI QUOR LI C E N SED DR U G ST O R E -Cou nty
0 BEER & W IN E LICENS E -Ci t y
0 WHOLESALE LIQUOR LIC . ($10,000 B o n d Requir ed) $1000.0 0
0 D I STI LLER Y LI C ENSE ($10,000 B o n d R equired) $1000.00
0 BEE R & W INE LIC E NSE -County
0 CLUB LICENSE
0 RECT I F I ER LICENSE ($10,000 Bond R equired) $1000,00
0 I M P O R T EII'S LICEN S E $ 250 .00
B HOTEL & R ESTAURANT LIC.-City & Coun tv
0 T AVE R N LICENSE -City & Cou n w
0 R ACE TRACK LIC E NSE
0 BREWERY IBEER I LI CE NSE $ 2 50.00
0 PUBLIC TRANSPOR T ATION L I C ENSE ea ch .... $ 25 .00
(P lene bus, cer)
0 ART S LICE NSE • Moy Requi r e Bond
The undersigned hereby makes app lication for a st ate license as indicated above, under the provision s of Ti tle 12, A rtic le 47, CRS
1973 as amended, and for that purpose makes th e following an s wers to the questions con tained in this application. Eve ry applicable
ques tion must be an swered. Any false answer or statem em m ade by the app licant constitutes perjury and th e person m aking such
false sta temen l subjects any lice nse issued h erein to revoca tion.
ALL ANSWERS MUST BE PRINTED IN INK OR TYPEWRITTEN 157-36-9547
1 . Name ot Applicant Is):
Socoal Security Nol54-40-0305
PAUL H . DAGHLIAN and SHAKEli'·DAGHLIAN
2 . Trade Na m e : PAUL 'S RESTAURANT & PIZZ ERIA Busmess Telephone : 7 61-7121
3 . Address of p lace t o be licensed : (£xoct L o catio n o f prem ises must bt> gia,en , Give street and number, where possi bl e . If place to be li censed
is located in a tow n or rural district where it is imposs1ble t o gi ve st reet and number , the lot and block number or part of section where Ia.
ca led must be given · 3542 South Fox Street
4 . City or town: Englewood Z op Code : 801 1 0 county : Arapaho e Colo .
Ma lltng Address 3542 South Fox Street, Englewood, Colorado ZopCode : 80110
s. Do y ou have legal po$$ess•on of the prem•ses for wtuc h th1s applteaoon for hcense is m ade ? lCJ VES 0 N O
6. Are the prem1ses ~ OWNED D RENTED ? If rented, from whom : __ N=..:A:.:...--------------------
7. Is apphcant(s) o r all o ff 1cers of the corporauon Clttzen(s) of the Un ited States.?XRO VE S 0 NO
If answer is no, gi ve Alien's Reg istration Card No .
B. Is the apphcant , or any o f the partnf' • n r offtcer~stockholders or directors of satd ap plicant lif a corporation ) or emplo yees o f any such
under the age of tvventv -o ne year s~ V ES AJ N O
9 . Has the applicant , o r anv of the partners or officers, s t o~l ders or direct ors o f sa id a pplicant (if a corpo rat ion ) eve r been convicted o f a
cnme '"the state of Colorado o r elsewhere? D YES ~ N O
It answer ts yes, state full detatls : ---------------------------------------
tO . Has the appl,cant , or any of t he oartners or o fficers, directors or stoc kh o lders of said applicant (i f a corporat io n) ever :
(a) beer. den•ed a license under th1s liquor law? 0 Y ES ~ NO
(b) had an a lcoholic beverage license suspended o r revo ked? 0 VES XXJ NO
If answer ts yes, explatn (attach se p arat e shee t tf necessary ): -----------------------------
1 1. Are these premtses now licened under the State liquor Law o r Beer Code? ~ VE$ 0 No ~
If answer IS yes . to whom" the license ISs ued? Paul H. Daghlian and Shake' ·oaghlian
State Ltcense No. 11-90495
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Do you have a Colo rado State Sale s Tax Account? 0 YES 0 NO If answer ts yes, g•we Account No . ___ 11._-__:::9:.,;1~3~0~6~------
Do you or any members of your fam ily have a fmanc1al •nterest tn any other liquor license? 0 YES ~0
(Such tnterest may mclude any equity •nterest or loan.)
If the answe r •s ves. exp lam m detail.
None except the egsting ~ and lline _LiC:ense
m t:tJe subjectl.Oeati.cn.
Does any persor;1, firm or corporat•on have a financ•al mtereS'I, ev tdenced e1t her by loans or eq u i ty o wnership in the busi ness , for wh ich this license
ts requested? u YES l{XNo
If the answer ts ves, state the names, address and amount of such financtal •n terest expressed e ither'" dollars or other •tems of value , such as inve n-
tory, furniture , ftxt ures a nd eq u ipm ent. I Use separate sheet tf necessary):
None except the applicants, Chatfield Bank and u . S . Sm a ll Business
Administration.
Ltst t he names and addresses of all busmesses m wh•ch any of the persons tn the previo us question are interested. ~Use seoarate sheet tf necessary ):
Numc Businen Address
N/A
Are these premises located w t~ 500 f eet of any premtses occupted by a public or parochial school , or the prmcipal campus of any college , u n tver -
st ty or seminary? 0 YES ~o
If answer is yes. explain : ------------------------------------------
00 you have a Drug Store Ltcense tssued by the Colorado State Board o f Pharmacy? 0 YES II NO Ltcense No.
Are you or do you employ a Aegt stered Ph armactst tn the State of Colorado' 0 YES XXNo If yes, giVe Ltcense No.
I F THE APPLICANT IS AN INDI V IDUAL. ANSWER THE FOLL OWING :
{a) Give the nam e. add ress (mcludmg city) and dat e of birt h of the applicant .
Nume of AppUcant Home Addrels & City
N/A
{b) It manager of the busi'"l'!s~ •S not the apollcant , answer r he follow1ng :
Nom e of Monoaer H ome A ddrtn & City
N/A
IF THE APPLICANT IS A PARTNERSHIP, ANSWER THE FOLLOWING :
Ia) G•ve t he name, address (including city) and date o f btrth of each partner (use separat e shee t i f necessary):
Nume of Partner Hom t Address & Cit )
PAUL h . DAGHLIAN 7169 s. Webster Street.
Littleton, Colorado
Dote of Bi rth
Dot e of Birch
Dote o f Birth
3-7-26
SHAKE'T.faGHLIAN 7169 S . \iebster Street, 8-15-31
Littleton, Colorado
(b) Gtve the name, address (mcludmg ctty) and date o f b•rth of the m anager .
Name of Monagc·r Ho m e Atldresl & CJT) D:Jt e of Birt h
PAUL H. DAGllLIAN 7169 S . Web ster Street, 3-7-26
Littleton, colorado
(c ) When d1d satd partnersh•P (except husband and w •fe partnershtp) commence dotng business? (Hu sband and Wife)
(Submit a copy of the partnership agreement with th1s apphcauon.)
IF THE APPLICANT IS A CORPORATION, ANSWER THE FOLLOWING :
(a) Corporat •on •s organ1zed under the laws of the State of
N/A
Dat e : ------------
(b) Princ1pal bus• ness IS conducted a t ------------.Coun ty of -------.State of --------
{c) Date of t11tng last annual corporate report to the Secretary of State :-------------------------
(d) Ltst the name, home address (tncludtng clly) and date of birth for each o f the officers listed below :
Nt.um.• of Off iter Ho m t> Address & City Dote of Bi rth
President : ----------------
N A
Vice-President :
Treasurer :
Secretary :
,Manager:
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ie1 L•st all stoc kholders own mg o r controlling the cap• t al stock of the corporat ion. Include ac tual owne r or p ledgee .
(Contmue on separate sheet if necessary .)
Name of Stock''o/der
N/A
(f) List all d•rec tors m the corporation
Name of Dlfector
N/A
/-l o m e Address & City
(Con t •nue on separate sheet if necessary.)
Ho m e Add ress & Ci ty
96 Stock Dote of Bi rth
Dote of Bir th
October 3, 1977
22. Whe n d id you p urchase or start operating th•s busmess? Date : ---------'-------------------
If purchased, f rom whom?-----------------------------------------
23. G1ve the names of three respons1ble character re ferences wh o ca n vouch for your Qual•f•cat •ons and desirability as a licensed ope ra t or, show 1ng the
number o f y ears you have known each .
No m e of Referen ce Addren (include cit y, stole and zip) No. Years Kno wn
Michael G. Grover, 7173 S. Webster, Littleton, Colo. 80123 -=2_-~1~/~2~-----
Steve Blair, 672 Birch Street, Denver, Colorado 80220 2 --::-----Charles Green, 6570 West David, Littleton, Colorado 80123 2 -------
24 . List below your business or empl oy ment record for the past five years (Use separate shee t if necessary.)
Firm Name & Address Your Posllion Dote Employ ed Sup ,rllisor S Nom e
Paul's Restaurant & Pizzeria Owner 4-64 to 7-76 Self
545-1/2 un1on B~va.
'Pet:ewa, Ne"W Jerael'
IF THIS APPLICATION IS FOR A CLUB LIQUOR LICENSE . ANSWER QUESTIONS 26 THROUGH 32.
A club means a corporat ion w h1ch has been mcorporated for not len than five years. and w hich has had a m em bership that has pa1d dues for a period of at
least five years , and wh•ch , for five years, has been t h e o w ner .lessee , or occupant of an establishment operated solely for objects o f national, social, fr•ternal ,
patriot ic, political or athletiC nature , but not for pecuniary gain, and the property , as well as the advantages of wh ich belong to members . Also , a club may
be a corporation which is a regularly chartered branch o r lodge or chapter of a national organization, which has operated solely for the objects of a patriotiC
or fraternal organ•zat ion or society. but not tor p ecunia ry gain .
25. State the names and reSidences of onncipal o fftcers o f said applicant together w •th t he office held of sa•d persons :
Nome of Officer N /A Hom e A ddress & Ci t) Office Dot r of Birth
M ANAGE R
26. State the names and res•dences o f th e d~rectors or trustees of sa•d applicant orgamzatio n . I Use separate sheet 1f necessary .)
27 .
28.
29 .
30.
31.
32.
-~~~~-~-A N-&~ ~~~
/A
Is the applicant organ•zat •o nJQerated solely for a nat•onal , socml, fraternal, patriotic. political or athletic p urpose and not for pecun•ary gain?
0 YES 0 NO N A
State whet her members of sa•d club or associauon are elected at regular meetings of members or by the board of directors or other governing body
or in what manne r m e m~~i.Aso elected :
N/A State whether an initiation fee IS pa1d to secure membersht p m said club and the amount thereof . __ ..;... ____________ _
N/A State the annual dues or fees payable by members of sa•d club for such memiJ!rship : __ ..;... _________________ _
NfA
How long has applicant occup1ed prem•ses to be licensed as a club?
If answer •s yes , explam ·
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> IF THE APPLICANT IS A MANUFACTURER OR WHOLESALER, ANSWER QUESTIONS 33 THROUGH 39.
33
34.
35.
36.
3 7.
Smce what date has applicant occuped premtses to be licensed? N A
Does applicant own, lease or operate any warehouse or storage plant '" connecuon w ith its business ? 0 YES 0 NO
If answer is yes, g1ve deta1ls : N/A
Does the applicant lor any of the partners, officers, directors or stockholders of said applicant) have any direct or ind•rect financial interest in the
business of selling malt vmous or spiritous liquor at retail? DYES 0 NO N/A
Does the applicant lor any of the partners, officers, directors or stockholders of said applicant) have any interest many other wmery. brewery .
distillery or any re tail•iquH establishment? 0 YE S 0 NO Do any of them own , ei t her directly or In d irectly , in whole or in pan, the
premises to be occupiet.: !:y the applicant or any of the fixtures? DYES D NO N/A
~nO:~~,~~to;~~~i~:~: ~~an~~;a~~~~:~~~~f~ ~~:~~~~e~~ ~~i ~~~~~~ei~e~~~i~~t~~~ f~~~rc~~;;~~:~:f'Ytfi~t~~e r y 0 ~e~a1ll i quor es tablishment, have
H answer is yes, give details: N A
38. To what Colorado wholesaler do you 1ntend to ship your merchandise?
39 . Are you the primary source of supply in the U .S.? D YES 0 NO N/A
AFFIDAVIT
(Th is off;dovil is 10 be signed and ocknow/edg~d by mdividuol, each mem ber of porrnenhip und by corporation opplic.onts.)
STATE OF COLORADO
Co unty of ARJ!PAHOE ss .
Paul H. Daghlian Shake' T . Daghlian
and
being by me first duly sworn , if for himself . deposes and says: that he is the applicant above named , or that he is (title) ------------
of the above named corporation ; that he has read the foregoing application and that he knows the contents thereof . and that all matters and things therein
set forth are true o f his own k n owledge and he agrees to conform to a ll rul es and regul ations promulgated by t he State Department of Revenue in connec·
t 1on therewith.
Corporations aign here : (CORPO RATE SEA L)
AlTA CH SEAL
(C o rpOt"~te N~me)
BY
(PfeSident or Secfetary)
REPORT AND APPROVAL OF LOCAL LICENSING AUTHO RITY
(Mcmufacrurer!l, whole!!ulers, im()orten and public rronsp o rrotion syutms di'r;regord th;s section.)
The foregoing appilcDtion has been e•ammed and the premises. busi ness conducted and character of the applicant 1s sat1sfactory, and we do re port that such
l1cense, if granted, will mee t the reasonable requirements of the neighborhood and the desires of the Inhabitants, and complies With the provisions of Tttle 12.
Arucle 47, CRS 1973 as amended . THEREFORE THIS APPLICATION IS HEREBY APPROVED.
Da ted at day o f -------------, A .O . 19 --.
AT. ------------------------------(Name o f town, city and county}
B Y · ----------------------------------(May or, cha irman of bo~rd o f coun ty commissioners or other title of licensing authority.)
ATTEST·---------------------------------------------------
(Cier~. secret~fy or othflr officer hawing the official se~l of tile licensing authority .)
...
ll 1 the premtses are located withtn a town or ctty , the above approval should be signed by the mayor and clerk; tf In a county, then by the chairman of the
.. board of ~:lU ntv co mmissioners and the clerk to the board . If, by ordinance or otherwtse, the local licensing authority is some other offtcial, then such ap-
... prl"'va!~h ould be g1ven by such offictal.l
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PUBLISHER 'S AFFIDAVIT
ST ATE OF COLORAD O. I
ISS
COUNTYOF I
Ar apaho e
Jer e 11 . Caswall
d o solemnly swea r that I am the
Co-Publisher of
Englewood Her a l d Sentinel
that the same •S a weekly newspaper publiShed
m the City o f Englewood
County of Arapahoe
State of Colorado. and has a general c•rculafion
therein: that sa•d newspaper has been published
continuously and unmterruptedly in sa id
Countyof Arapahoe
lor a penod of more than 52 wee~s prior to the
first pubhcat•on of the anneKed notice. that sa id
newspaper Is entered in the post office at
Englewood
Colorado. as second class ma ll matter and that
the sa1d newspaper Is a newspaper within the
meamng ot the act ot the General Assembly ot
the State of Colorado, approved March 30. 1923,
and en11tled ''Legal Notices and Advertisements"
and other acts relating to the printing and
oubhshmg of legal notices and advertisments:
that tf\e anne•&CJ notice was publ1shed In the
18Qula' and ent1re 111ues of said newspaper.
once each w~k on the same day of each week
lor the per100 ot
1 ~ 1nsertto ns . that the ftrst
pubhc atton of sa1d newspaper dated
Feb ru"'rv 2 1'! of Q anoohe
last publication of sa(d not1ce was m tne ISSue of
sa1d newspaper dated
Subscnbed and sworn to before me . a Nota ry
c . thiS l s t day ot
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N ~~ N ....
Zc :~ ,_ .,..o
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~ril l, J.979
-u 0 -u. z: "· a:
Paul and Shake Daghlian
P aul'~ Rastaurant and Pi&&eria
354-l South Fox
En6lewood, Colorado 80110
Dear Mr. and Mrii. Da~hlian:
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:!: ~ . JliA;lS ldllln N~OUM "' " ~ Sl ~ " • o.J'_L(!__.. ... ~ ~. • SlliA~lS 1YN011d0 ~
§ "' Sll~ HO~ ~l1SYW1S0d 110SN0l Sl
't-'-" JdV 'UI!"(f: UJJI><{ ~~
Pursuant to the provisions of the Colorado Liquor Code, the a~pli
cation for a Hotel/Raataurant License by you to be located at 3542
South Fox, Eu9lewood, Colorado, will be considered at a public hear-
in6 on April~. 1979 at 7:00p.m. The public hearin~ will be heard
by the local licensin6 authority, the Englewood City Council, in
the Couucil Ch&mbers, 3400 South Elati, En glewood, Colorado.
The results of our investigation find:
J.. You hold a current Beer and Wine License issued by the
State of Colorado.
l. All fees for this application have been said and all
documenta have been submitted.
J. No license for this location has been applied for nor
da..U.eJ within the p&&t year.
The &~plication is considered to be in food order and ready for pre-
sentation at the public hearing. Thia etter should in no W&J be
construe.! && ap~roving or denying the ap~lication. This decision
re•ta with the En&lewood City Council, and their decision will be
~de within thirty d&ya after the public bearing .
Cordially,
William D. James
Director of Finance/City Clerk
cc: A. L. Overton
OVerton ~ Nutt, P.C.
JJJJ South Bannock
En~lewood, Colorado 80110
CERTIFIED MAlL
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TO: CHATFIELD BANK, LITTLETON, COLORADO
TI1e following is submitted for the purpose of pro cu ring , establishing and maintaining credit with yo u in behalf of the undersigned
or persons, firm s or corporations in wh ose behalf the undersigned may either severally or jointly with others execute a guaranty in
your favor. The undersig ned warrants that this financial statement is true an d co rr ect and that you may consider this statement as
contin uin g to be true and correct until a written notice of a change is give n to you by the undersigned .
February 13, 1979 CONFIDENT IAl PERSONAl STATEMENT
Date o f Statement
Name Address Telephn ne No.
Paul Daghlian 351\2 s. Fox Enalewood co 80110 7fil -7121
Business and Position Address Telepho ne No.
Restaur ant -Owner Same Sa rtF
PLEASE DO NOT L EAVE ANY QUESTIONS UNANSWERED . USE "NO" OR "NONE" WHERE NECESSARY .
ASSETS In Even Dollars LIABILITIES In Even Dollars
Cosh in Ch•tfleld Bank 11 000 loans Du e to Chatfield Bank (Sch. G)
C<&sh in Cbatfield Bank 4 500 loan s Due Bank (Sch. G)
Marketable 5.!curities-see Sch~dul e A Other l oans Payable (Sch. G)
1-\on ·Marketable Securities-See Schedule 8 In stalment loans (Sch . G) 1 500
Se c urities h eld by brokeJ in margin accounts Due to brokers
Partial Interest in Real Estate Eq uil ies-Accounts and bill s due
oee Schedule C Unpaid Taxes
Real Estalt! Owned -S\.'e ScheduleD 400 OOfl Real estate mort,:ages payable -sec Schedul e 0 l'i3 'i04
Loans Receivable Other de bts-itemize
Auto mo bil es and o ther personal pr operty 11 150
Cash value -life in s ura nce-~ Schedu le E
Business interests-sec Schedule F l?n non
Other itSsets-itemize :
Cash : Continental Bank F;O()
Business Eouio ment F;<; ono TOTAl liABiliTIES 155 ()04
NET WORTH ·ng 44fi
TOTAl ASSETS 493 450 TOTAl liAR. AND NET WO RTH 493 450
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ANNUAL IN COME AND EXPENSE PERSONAL AND GENERAL INFORMATION
Rep.l lar Compensation s 45,000 Age 52 Number Depe nde n ts 3
Bonus&. Commissions s Social Security No . 157-36-9547
Dividen d s & Interest s Do you have a will? -· l!fS If yes, name of executo r.
Real Esu.te Income s
Other ln co m e s Pauline Daghlian
TOTAl s 451000
CONTINGENT LIABILITIES Ar e you a partner or o ffi cer in any other venture?
Do you have a ny contingent liabilitie s" s no
A' endorser, co-maker 01 gu aranto r s
On lease s or co ntracts s
Ar e you obligated to pay alimony. child support . or maintenance payment s~
If so, describe . no
lt:t:al claim ~ s
O ther spec •>l debt s Are any assets pledged?
Amount of contested in come tax lh:ns s yes
BANKING INFORMAT ION Are you dcfcnd01nt in a.ny suits or legal actions?
Chatfield Ch~dong Account(s) Noh). 020 343 no
Out lfidd S..'·in&~ .o\t.to unt (~l No(s). Have you evtr ta ken bankruptcy? l:.xplam :
Utht'J thnks you Use no
CL 6 -76 (C OMPLETE SCHEDULES AND SIGN ON REVERSE SIDE)
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;:,Lna:.u uL .:. .\ -u .~. v v •-.:..t\.l -.'u'"'J, ,~ ,..,. ...... ··········-.. ----
No. of Shares or
Face Value (Bonds)
Descri ptio n o f Securities
Descriptio n In Name Of
SCHEDULE B -NON -MARK ETA BLE SECURITIES
No. of Shares Bo o k Va l ue Per
Own ed Financial Stateme nt
Dated :
Market Valu e
No. of Sha res
Outstanding
SCHEDULE C -PARTIAL INTERESTS IN REAL ESTATE EQUITIES
Location of Property 'lloof Type Vr. of Cost (C) o r Mortgage Ownershi p Pure h . M:uket (M)
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SCHEDULED -REAL ESTATE OWNED
Source of Valu e
Tota l VJiuc:
Value of
Equity
Descript io n of Property Dote Title in Name of Cost Mark et r.tortpge
. -and Improve ments Acquired Vllue Amounl
3542 s Fox 12/76 Paul/ShakP' 65.00() l P.o .onn lt;r::;.,; nn
SCHEDULE E -LIFE INSURANCE CARRIED ,INCL. N .S .L.I. AND GROUP INSURANCE
Face Amount Nome of Company Beneficiary Cash Su rrend er
Va lue
SCHEDULE F -DESCRIPTION OF BUSINESS INTERESTS
'llo of Nome of Compony Location Position Held. Cost Ownership or Venture if Any
1nn<r. p,.,,, <: R<>c:.f'ttr;,unt ·:u;:Jl? <:: c:-. n.
Payable To
SCHEDULE G -INSTALMENT NOTES OR NOTES PAY ABLE
How Secured Ori1inal Balance Amount
THE UNDERSIGNED CERTIFIES THAT BOTH SIDES HER EOF AND THliNFO RMATION lo -
SF.RTED THEREIN HAS BE EN CAREFULLY READ AND I S TRUJ::, CORRECT AND CO~IPLETE .
Maturity
11 /C ?
Lo11 ns
Market
Value
l??n nnn
How
Payo ble
SI GNATURE<6:L{ II. f:l?=rt4:•6, --"be-("'"'"-'J._"'-"-=--..L./_:l=-....:='-----rDITA'f17r:'""liS~%'1.'iN-n[or-----194 SI G NATUR~/kx • -/,-,."lo~ 1
(USE ADDITIONAL SCHEDULES WHEN NECESSA RY) "C
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Promissory Note 9190-00345
U ulc ton, Colora.d" ~~.y 2) • 19 7 7
FOrt VALUE RECEIVED. the cnd=:-s•~;ned , and each o f them , pro:':'ln.e to p11y to ch e order o f the
C HA TFIELO B...\N t\. :a Co lo rad o Curp.Jr:ttiO!l . :!I its. oH•ce in lillleio n, Cc.1lo ~a d:J. or at such other p!acc as the
le,;.al ho!Jcr of this l"'0tc m;ay dcs•gn.ltc 1:1 \lo flt in,:. the princ 1pal sum o ~ C r:E llli:~OR E.Ll SlX.i"'i"-TUOU S Ai;J
Ati D S0 /1 00-------------------------------------ooLLARS ($ 160,0 00 .00)
with iutcrc~t t~:r t'on fr.:>m the d1tc hereof Jt th:: r:!:: o ! N I ~n; percent ( 9 ~)
?Cr :!n uum on th e unp.aid l.lll.1nCI.! l!nlll fu lly p lad . This Note is p :lyJbk :as fo llows :
I n full on or bcfo~c r:o~c~be r 22. 1977, wi t h interest
the~eo n fr o~ the date hereof at the rate of Two And
One-llalf per cent (2~~) ?er a~nuo above the oaxlcu~
p:i~c rotc charted ~y 7~c United Bank of Denver. bu t
1~ no evant lees tha~ ~ine pe r tent (9 ~) pe~ an~u~.
Sa t d l ntc ree: r a ce t o be adjusted base~ u~o~ the
highes~ race during the ?~cc~din & 30 day period. ~1th
i nteres t on tl1e ~~~lid ~rl~ci~at b 3lanc e p~yJbl~ on
tl1e fir s t day of each ~o nt h until pr1nctpn1 ~n d
i nterest a r e fully ~ald.
l';>on f.:lilu rc to make a:1y p:tym cnt of prm.:l j:lll .::~: 1ntrn:st J'i herein provided, or if ther~ is ~n)' d .:!Ju !t l!ndcr the
rom·bions o r the D :=ccl of T rust St:CUti:l£; this S.1 ;~. the c:uirc prH~C!p ll S:Jil\ :nJ :!l l Olcc r u~d in t~res : shall, ill the .
clcctto n of the holde r hcrcol , :1 1 once h.-::.::o:nc 1.h:.: :nj pJ}:tbh.: \l.i thOl.~ not i c :md ~~all Lh crc:l[ter bc.Jr in::rcst :n t11c
rJ:c 1..1f £1 f';JI 1'9 &::l c~t ( 1 S %) per :mm:m Unt tl full y p:t id. l·.u lurc of th e h..>iJ cr oo cxc rctsc th is t!:::c tion ih<tll
:'l;>t constitute 3 W3i\ er of the rir,.ht to c~~..-r-..-i )c Lhe Slmc in th e C'\Cnt o r a ny su bs q ucnt d~ ~J.U!t.
E\'cry p:rson now or 3t Jny tir.tc lhblc !or th:s i:-;d.:btcdn:u, for themscl\"eS :..,d for IJ":.:i r hein, Jcpl reprcsentl-
t \':s, Sl:tccnors, Jr,d ::ssJt;n s, e ~prnsl y WJ.n e ~ ;>resentr:t:nt, d:m:lllj, p:..>:c:st ::mJ no:icc ~protest an:! of nor.;>.J.)'·
~:::u of this ~O le :md d::.tc:'lce i n oll:-ctHJ n, ::::d every .s u.:h pcn.on :l&rcl!s 10 ::.:~y c:ucnsion of ti me of ply:ncnt
•·l t~out in ::l::;,·w1sc m:>:M)·in~;. Jll nn!j. <~f (c.:c u :~,; or hr.t1:mg h1S or her lut:.hty h:re ;J :'Id cr.
If pl)"mer.ts 0:'1 this 1'\c ~c :uc ne t r:tade Y.~en d:J~. the UD:!:rsi~ed O!bree 10 p:ly J!i COSts of coUe:tio:l indUdiO&;
rcJso:ublc o::orney's fees, ;!!"1 ::! 1f lh ~ Deed of Tr:.a: securmg L'm Note IS forccl os:d, th e u~dcrsigced a~:ee to pay
~!I costs Jnd ::::orncy's fcC'S :s pro ' id c:d t~ere1n .
Thi5 Note is secu red by Deed or Trust o f C\'e n d J!C herewith o n real eSIJte situated in the
C'o~tr.ty of .-\ r o pa hoc :m d St:lfe of Co!M:'Ido, described Js follows :
I.ots 17 to 20, tlncl 2, 2 i!GLEtlOOO, County o£ A~a ~ahoe,
State o( Co lorado.
A/,:/A 1 542 Sout l1 Fox S treet. ~nr le~ood, Colorado ROllO
O!nd shlll be su bj:ct to :>II th e terms, cor.d!tions ~:td p:oviston~ thereo f and to :tny sutt c-qucn t modtficJtioo ~greemeniS.
h th1.i Note Uld an .J.!l •nnru m~nts se c uri ng il. 1h.: s i n~!Jr sh:tU im:ludc.: th e plu:-:11, th e pi:Jr::ll the sin$;"J.I::!.r, Jnd L.,_c
t.:~.: Cl f any &cn.:!.:r sh::.IJ i -: app:(c.lhle to JIJ ,;er.d..:r s This :"at.: sh:l!l ~e the Jnint ::!.:'!J !1':\ cr:ll oblit,Jtif!n of a! I m:U:e rs,
,;ret.H:S, cu~r .:.ct!Jrs ar.d enc.J .~rsers, Jnd si:JIIIll! bu:dtng upon them. thc1r hei rs, n:cu ~nrs, h.•pl rcprcsentJti vcs, suc -
::e ~~<Jt5 .:nJ .lni &lb.
=~=~ .7i .. :,:·_:r. ,~ rs~·.-· ~·br.·~· ~\·=·r.·~:=~~~-·~
c"li L 1!. P..•,JILLo\tl, loC.l•".\.-~~.f ·~ ~~1.1 .. I, V l''"•l. ""• U I U 8 I"~UL t11
Rc:J CL!ur a nt: ,\uc.J I' t z~er i u \ 'J '', '.....:::t U!'".J tl An d rJ .-:zer ta
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FINANCIAL AFFIDAVIT
OF
PAUL H. DAGHLIAN and SHAKE' T. DAGHLIAN
d/b/a Paul's Restaurant & Pizzeria
3542 South Fox Street, Englewood, Colorado 80110
RE: Hotel & Restaurant Liquor License Application
Dated February 9, 1979
STATE OF COLORADO
COUNTY OF ARAPAHOE
ss
BEFORE ME , a Notary Public, personally appeared
PAUL H. DAGHLIAN and SHAKE' T. DAGHLIAN, who, after first
being first duly sworn, upon their oath, depose and say:
1) That our names are PAUL H. DAGHLIAN and SHAKE'
T. DAGHLIAN, respectively, and that we are husband and wife,
and that we reside at 7169 South Webster Street , Littleton,
Colorado.
2) That we are the owners of Paul's Restaurant &
Pizzeria located at 3542 South Fox Street, Englewood, Colorado.
3) That we are the present holders of a Beer and
Wine License located at our restaurant at 3542 South Fox
Street, Englewood, Colorado.
4) That on or about June 6, 1977, the time when
we filed our application with the City of Englewood, Colorado,
for the issuance of the above described Beer and Wine License,
we submitted to the Clerk of the City of Englewood, Colorado,
copies of all the legal and financial documents showing our
right to the possession of the premises located at 3542 South
Fox Street, Englewood, Colorado, and documents showing the
method in which we obtained financing to enable us to purchase
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the property and build the restaurant at 3542 South Fox
Street.
5) That on May 23, 1977, we obtained a loan from
Chatfield Bank, Littleton, Colorado, in the sum of One
Hundred Sixty Thousand Dollars ($160,000).
6) That the foregoing loan from Chatfield Bank was
guaranteed by the U. S. Small Business Administration.
7) That the foregoing loan is secured by a Deed
of Trust encumbering our property located at 3542 South
Fox Street, Englewood, Colorado.
8) That copies of the Promissory Note, Colorado
Deed of Trust, S.B.A. Authorization and Loan Agreement, and
Construction Loan Closing Statement, are attached hereto and
incorporated herein by reference.
9) That the present unpaid balance of the above
described loan from Chatfield Bank is One Hundred Fifty-Three
Thousand Five Hundred Four Dollars ($153,504).
10) That we are the fee title owners to the real
property located at 3542 South Fox Street, Englewood, Colorado,
which is legally described as Lots 17 to 20, Block 2, Englewood,
County of Arapahoe, State of Colorado.
11) That we have obtained no additional loans since
May 23, 1977, and no loans exist with regard to the subject
premises and restaurant, except the loan from Chatfield Bank
referred to above.
FURTHER, the affiant sayeth not.
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d/b/a Paul's Restaurant & Pizzeria
3542 South Fox Street
Englewood, Colorado 80110
;ul._
Subscribed and sworn to before me on this ~Cfay of
March, 1979.
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~U MBER I
CP-562 169-JO-OJ-I'len
U .~. SMAL L BU SI NESS A O ~,&IN I H R ATI ON
DE!,VER D!STR !CT OFHCE ---------------.
72 1 19th Street . ---------·--~
Cha tfi eld B.1nk
Ocnv <J r, Co l o rado 80202
AUTHOR IZA TION AND LOAtl ACRE WENT
(GUARANTY LOANS )
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7560 s. r icrcc S treet
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oft: Loon I"\ t!;.:-a r-t ):.o--;t 01 S . 160, OOO _ ------·-_ _ ______ ::>b..! ;,,.;:.i.:-by Lender IIJ
~'!.~~~t~ur<ln:_n_nd _P_~zzc:!-~---·------------------------
INo"'• :u.d Addo•s • of B ~"o•e•)
35 50 S . Fox Street, En&l e'..".:>.:>d , CO 80110 ------------------···-
{::) Th:ec ~:o;t:es :;f S BA : • .:t~.·. Vt'!l' r ::~ b .~ t>:<e"':-u ted hy :I.e Bon.:t·.,er, lht' Ol he r t wo to b., =:-;)!'lfo,~.d. The>
C:H;m::J £?\\.'.:"-:.:--1 ... .::;>}' ::.:..:.t I.e :-.. >:.J .r.eJ l..}' ·,-,y.J ..;:'!.-: ~l~:· .:-.:.1 .:-~~-i ~Of 'f r.lu . ..:t .:"-"'~.! IO 5H,; lf'o· •:-:~·::! • .-::t>
1
; .-:~· ·: :.::.1 J.~t--.::~c:-:· .. ·:o t , t.> 1 r.wo \'<~Ill u t;"'.::r;::n:r le<.> \)f 1 ~,. of r·.~ c "~unt .:;.mr.ln'ct.'.l. or
l 'i c! c::d · -~ d qu1r:I.":If"t'd ;:.:::1 >·1 :.; !~:"1 C.(C ~ S !~J.GOJ. CTh.s I ~ :-h::!! r:w~t :-e pu, J Lt ~~=:o:.c>r .:.::-:!) or 1:1 h r~:-:ly .) iJ !!1• :-u.:n ~nty ll•e ~~ :tJt p~d ~'ch ~;, f1 v~ J a/s :::!tc : lust C:s -bc r~~:r.('~! o: •:u-. lo::n th • QI..:I r.J :'II y sh:II/ l~ v;,1d. l n .;:i.J ttlo:t v.e mclu.:l ~ C')f'J t>!: ol :~~ SaA ::ieu l~
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.e-ez, F'"':m 1 0 ~. An c:t 1 :~..::J IS ro L'-" c x..-~t~ r..,. L-:n .:!.:-r c r.;! B o;,r:o \·.~r on.:f r!"t urn.:-J t~ SBA
lo: ('::.l.a J :::r·~: .{"J'It•m ·,·:e ::.l:;':l ·'ndos :-(":::u,pen ~:~:un \·n.•c.~a.·n:.;, (f\m:• 151J) 10 be cx ocu:Nl lJy
Uorr o·.-.o •. 1.:, .. ·oro•''"'"' .o a,j Len.j,, on,IIOiurro i 10 S~A d Gorro.-. ., ha s e"'plov•d on Gil :'O y ,
c .. -coun: 1n1 ~; .·::tc>t rf';->CC'l>N!I ::: .... •• or 11 3orrower IS C'h:n.;~.:t f t'~.; !or s ~l'\!c~s hy Lt'nder or c."!. \J..o .,)o:J.:t ..!-or L!"nJ er.
CLl lhe Or1'1 Jn II ~o ;>)' t..\! 1h1s Aut bnz:Hion \..::d d;)c umt'r:l ~ 1te11:.·e-.i tx-!o·.-: If cny) shell~~ exc-ru t~
pr wr 1.1 !1 .r · lu: .. -·ra'!.,! .::nj : .. ·Um-:•,! •· b--:n !I I"' :..y the L e r dc.·~. (,\ c:::>py of t !t~ :-u!houz.Jt tJn
...:::! :!: : ·l, ·· ~''>JlJJ ,t:-11'-•lli .J I·•":.SVrro.~·~·:.)
~0 .. ro .. lro4 5l')fl I I I 71 , ill,,-~Or> 10 !;0 1-'I(L \.I OU~ t'OI II OI•V, It Ill OcJ~Ot.E r(
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(o) ProviOIOns ol the "uorc nty A~lc emen l b..•···· Lender end saA. doted _M_ •• _r_c_h_1 _3 _· _1_9_7_4_
(b) first di s bu :se:!,.•',t of t h(· L o:ln ~~~n~ mnd;:o not l ate r th :n _6 _ rn..1:d1s, cn:t ~:) c!is ~n.::~cment bt:>i:lq
mo~e l.1 ter t ho,, _1_2 r:10nth s. fro:n the jate of 1h1s Aut~~;,;:.a t !on, ur ,le:s s u.;h lime :s extend~d
pursua:-t to pu.:.r w aUen .;:O :l.St!tl l Ly SBA.
(c ) RecE-t;>t by len :!~~ o f ev d.:o~ce s=rt 1sb.:tory :o it in its sole .:i.~.s.::ret1on, t!o::t the:e h::s been no
u:-::e::u~d1ed cdve:.;(" chc::1.c;t.' stnce> tho~ d:1te o! t!•e Ap?hcctl~.,. or st:-:ce cny :.f t~e ;>:e :::c-~:i!n ~ di s-
bur ce:n e ~ts, 1n tht> fJ na :"'~l o l or cn v o :h~r con:::lttto:-1 of £3,JHO Ner , ... n,c h ... .-~~!d .... ::r!.:!'l : ,..,d.hol~nQ c r
r.ot rn~kanq .Jny sud: d •:::>L.ur:;c:r.e:n ;;;run'/ funher JL.i burser:-~~:'1 1 .
(d) T he re;>rcse:ttcuons m.:l ;;te b ,· Be:ro ;..·e: 1n i~!> l o::1:1 ~;>!t::::ticn. there ::.me :;~{':'!fs o: cr.n '!.llo:ls sel
lonh tn Lt n.k·r's !..!;:lp!J.:.H LO:l f:.;m, 1:1c l dm ::: t~c ::up;J:>rt L~Q dxu~ent:o t~erNo, t~e c-,:d•tto;,s s et
f orth h!!rem an.1 .l.'lY fo.~tu r e co:trli !L O:ls m.posed by 1.:-:;:fe r (...,llh pr::>r ~3 ,\ o~p ~.:.v.::l).
3. Te:m:a o f Lean:
(o) R t-~o y:r.e:u tc :"m, 1 n 1 c:~s t r.;;.te(s}. and rr..:J tun ry.
~at e p.:~y..1blc lS yea r s froo ddt e of t\o t e, \.li th interes t at the rate or
nine \J:ld one-quarter tJCrce:lt (9 1 /47..) per .J.:1nuro , and 1nstal l o ents, i ncludi n g
prlnc l p.J.l anJ inte rest, c:.~c h in the aoo unt of $1,656 p.1yabl c :t.O:lthly , be-
ginning 2 no r.ths fro:n d.J.te .;,f tlote , ond t he balonc c of princtp:1l and interest
payoblc U yc.us fro::t date of r:..,t(!; \.li th thl.! fu rth e r provi s i on ;.:hat each
said installoca t sh • .dl be appl ied. first to interest acc r ued t o t h e c!3te
of re ceipt o f said inst.ll.lmcn t, .1nd the bal.mcc , if any , t o the princ t.p.ll.
(b) Use o! pro::~~_. of locn a s foll ows: (Show spec liic u ~es for wh1ch loon 1s outho:•zed.)
l. App r ox i r.mtely $60 ,0 00 t o pur c hase land.
2. · Ap p roxictately $100 ,000 for coas truc tioJn.
(c ) Collc terol:
1. Fir st Oe...:d of Tz-us t o n 3550 S. Fox Street , Enc;lel..'Ot'd ~ CO . 80110. Cur r ent
r.:orts.l tcc title policy oJ r an atto rney's op in i on evidencing saae. If an
.:lttor nc.y ':; opi.ufon is r cnJered , bank sha ll obtain custody o! abstrac t of
current c c r tif i c 3t i o n.
2 . F irs t pe r!C'c t cd s e c urity inte r est in m:t c htnery, equipment a::td furniture
n o 1.1 m:n t>d ::tnd h e r eaf t e r a c quire d. Certif lcatlon f r om t he Secre tary of
State of .1 11 presen tly effective Fina ne in ~ St3fer.:en.ta. ~f rec:o(d to be
4-To furthn ,.,1 ~o ::.:.-L c-"'J N to,...:\..~ an.f S3A 10 QU 'J I.Jn tee t r.z 3 Lo.Jn, Lcn.e-r o n:l ~~,.... un;..o:.e tile (contd p 4 )
Jol!owzn 1 con:ht1::Jns:
(a) Execulton of cl! d x:u.'T!ent~ req uued 1n Item 1 obov~.
(b) Ae•mhur s ot:le [xpenses.-Bo rrower .,...1 1t , on de:no n:t , reur.burs~ Lender (or a:ly end ~11 expen::;es
inCWfiJ. or W:~-h r.:ay be hereofrer lncurreJ, by Len.!er fr crn time IO time in c onne~a:m with or by
n~o~o n ol U':l:r:n .. c r':; o;>plu:otlon !or, cnJ the m.JI..u:.q .Jr.-:! o:i~.Jnl!>t rcmon of th e L o!:!n.
(c ) Book s, Recor i .;;, rJnd RePO~Uo.-Bo rr ow er wdl 0 1 J!l tun-es keep p:o p~r bo c ks c f O:'CO'.!ll l lrl a manner
:J!.~·fJC'Ic..7yt o-l;-::.l ~~ o;,fOr SOA . !3o rrow cor l.erel:, o .... tt·o:l=!":o L e "':!l'r o: ss.:, hl r.:;.k ~ or c.J o.::o c r ~
be mo ·J\.~, u l !-.-.ln.>:.\.·r·~ C)t.;>c-ns~ en:! 1n ~uch rnc :.r:~r .:n J at s~•:.:h t l ""n~·s cs Lc:'l-ter o: SSA ma ·, re-
quae, (tt)Ln;;p,:o _t!ons and O.Jdlts oi a ny Nlc ~;.. rf."CI)ds: end P•lPE'I :. Ln l h·• cw·• !y :.r .:o:1trol o f
Botro...,c: 0 1 utl,l·l .·, rcl utJn .; to il..>u o •. c r'.:s flfl ,JOC'Io l or bus:n•s:o r .Jn i 1 t1~;'1 '· •n:I.J :::•: ~ th~ mcl>:.nq o f
sn ... F o n"" 5 296 u 1·761
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COP1CS thereof and c .o:tr ~=ts therefror.l , cr.d (!)) ms~c1:ons en:! .:"?P~.:.ls=:ls of cny cf 3o:rower~s
a~~c-ts. Bou.)wcr \ .. Ill fu::::!:~ ~~ LtnCer ~n ::t s ~;, br the th re e {Jl month p~:iod en~h:'iq
~-WilL a.,Jquart,:rly t~e:e.:l:~r (:10 loter l:l:Jn 2 mo:1ths foll:»wJnQ t~e expJ:uUo n
oi.any su;oh pcnori) cn:J .::t S:JC~l ot!ler u:nt:o end m such for:n .:::; L e:'l:ier r:l.:y ~rescn be . 3o:rower's
h!'l.:ncJal a:1d opcrattno st:J ter.oents. Borro•.·•u he ro.•by outho;1 :~s oil fe:hu.:l. Stat~ c."''d rroiJllict p :J.I
n!-{th.:l riiiC; to fu.-na sh reports of e.camtnoho:u. record;j , a nd oll:er ::-:IJ:-r=t;ltton re!::un~; ro t!'te con:il·
tto."''s anJ affons at Bo:ro~~o.er and any desuej mlo~tto n frcm rtporu, retu:ns, ftles. end ;ecords
of. such o uthontu!s u;M)O requii!st there for by L t:nder Ct SaA.
(d) 9orro.,:er shaH not execute any o;,ntrocts fo r mon.:J~ement CO."''sulu nq s~cv a ees w 1t ~ut pci or
q;provol ol Lender and SaA.
(~) .P_us.tnl11.Jtaons ~!l4 ~'?~11£::~=.H~.:-~:row e r will not. wathou t L~e ~nor wrut en consent of Lender or
SH A {a) at &rrowcc 13 .J .::.:";)c r.:uon. Cecl:re :a p::zy ::.,y jJ va:c:"!.J or !T.~:.e o;,y dtst ~t~ti on u;>on tts
c.:Jp at ol !"t~k . or pur::h:loic o r reu ce ::ny cf ns ~~p11.:l s:~::k, or eonsold::te, or 1::c~e with any o th er •
c ompc.,y, or ~1\'C c ny pr~f~:euta~l ltNtment , m.Jic.e onv =d \'~:1 ::1!', :i!rcctly o r 1!'\:iHc::tly, by w~ of
lc;:;"'!, edt. bonus, or o:herw ise, to any .:omf).J:w :!&rKlly or lndHKtly .:on~ro l ltn ~ o r afhhat~ with
.;)f contr.Ji k .i tJy Bor:o,.,e r, o: Clly other c-om~ny , or'" .::'1y ol!::er, .:!ne::t;)r or r r,p!oyee of Bor·
r.;)wer , ur ot .J:W :u ::~ .:o::-:pc1y , (b) 11 e onower u a p.:;ttnersl,ip or in.;U\·&.:!.U.:Jl. r.~.Jke c ny d1stubut1on
of :JS~Ot:i ot the busan(';o.:> oi Dorrcwcr , other th:::-~ r..:.:..;or.::!:lle .:;:,mper.sctiO!l for sc!v&ces . or qave
cny poc lcre:-~ttol trcot•~~nt, m.JI..~ any advance , dnectly or an:a~c ::t ly, br w::Jy .:~i loa n, Qtlt, b.:lnua, o r
o ther.va &c, to c ny P.J.rlncr o r oy oi tts a~lo v~~s. or(,') any r:o.7.pany di r~ct ly or in.:iHectlv con·
u olhn" or off1 1iuted w1 1h o r c.>n trolled b y Borro...,.er. or a ny o1!':•r comp.;:ny.
(f) Other Provasi ons:
1. Assi~;nment of life insur.1 nce, 'Jith ho:::~~e o[(lce ackno..,.Lod~ent. on the
life uf Po1ul H. Daghlian, in the amount of $1.60,000, for o1 tera of
15 yc.1rs. This oust be the dec reasing ter:a t y pe unles~ the Borrower
s~eci.f lcally r e ques ts in Yri.ting that he be permitted to assign exis t -
ing whole life or other pcrcanent t ype o f insurance. There shall b e n o
purchc'IS e of 3dditiona l life insurance fro:a busi.:1e ss income or assets
during the te rn of the lo.J.n \Jitho u t prior w:-itten approval of SBA.
Assig:ua..:!nt of life insur::Jnc e shall b e by an Absolute Collater.:1l Asslgn-
I:\I!Olt properl y a ck.no\Jlcdgcd by Home of Insurer . Lender s~ould not be •
n.J ced .JS B~ncf i ci .:1ry of t hese policies . Croup Io.surance or Federal
Government lnsuranct! cann ot be assigned.
2. Borrower sh~ll provide and maintain hazord insurance, inc:l\Ulin g fire,
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lightning, cxt~:l.ded cover:.ge , v andalism a nd callc.iou s mi~ch.ief, satis-
f3Ctory to th.:! B.Jnk, with Loss PJ.y.J blc Endorseaaen t in favor of Lender.
(SO% coi.ns ura.ncc uccept3nce.) Loss pay able endorse.ocn:. shall contain
corq;agu.e clause similar i n char3cter to S . Y. St.:aa.dard ~.ortg.l6e Clause.
8C'rrover sha ll provide 3nd r.1aintain liability and vorkoen's cocpensation
c ovc r.:a ge (if applica bl e) cove ring the busine ss opero'ltions at 3550 S . Fox
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4 . Borrowe r agrees to purch3se a nd maint.:ain Federal Flood Insurance in tl
a-":lounts and cover.1ge equal to the lesser o f (l) the amount of the loan,
(2) the tns:ur.:1b te v..t luc of the: proeec.ty, or ()).,the ~xiouo limi t of S. ~:~~~s.r.I~~~~J~~~~~~~s s7~;1:~~=~;~~~~~~~~b~1 :!\~~~i~h~~~~e;r~~~ \::;~~s~~~:::rsS~r~-~the(contd P4)
Loan shall be cdr.umsterc!'J as provtded an the Guaranty AqrH"ment .
A . Vernon Weaver
40,.1NISTRAT O R -C://..j'/" /
_z//f!::/:[::!:.01 ~(_./ Chief, F!nar.drur
e;,s.,. .. oru••l ,,,,.
Dt vt zt,:o;:.n __ .:..· '..:'.aY 6, 1977
o.,.
SBA. F'OAW U98 111•711
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,,..)Tl.: C:;r ;.~~=~~~ c.•"e ~:f' • _:r:~u:r.~ll:m . tn c,rp::u.:~:• :-:o~-:.•. b r J .. L, 't1oU'I:J.~\:•.1 olh:,.r. c,.,J aeol
"/Uo:.l r... .)ih o••.J :n o~ .J\oly .a t tC'IIo l•;:l; p.:r!:"'•tf .~.I P .J;.,;I !t:~n :a ~wa t .:-•".:"!"' tr. 111~ n.1:1,., t ~Q~t ·o..:r ..,,,,.. SIQ."'::Ot..or • of :1
l•to Oit.ll ;.~tn('f , .,1,:., l.:r r.~ ___ ·--
)(c) Colla cer.1.l: (coned)
2 . furnished t\) bank .
3. Fir-st pl!rfecc~.J sec-u rit y interest .ln all accounts r c.::(!1.v.lblc: now owned and
hcr..:af tcr .1cquired .m:J the procor:t.!d s thereo f . Certlf icat lun froo che Sec :-e-
t.:~:-y of State of all pres..:ntly effective Financing St.l.Cectcnts of record to
be furnish~cJ co bank .
4. Security interest i.n Oa r-ro\Jer'!l St.Jte liquor licens<! at JSSO S . Fox S treet.
En g l C\JVO d, CU 60110. financing St..ate:nencs to be fil~!d in the offices
u f the Sc~retar ~· of "it.J tc and Clerk and R~corder of t he County wher~ Bus-
i n l!ss i.:;> located
5. F i :-st perfected se c ur ity i :1teres t i n .Jll fix tures n ov m.m e t.l and hcre.1fter
.l cq ~.!i r\.!U anJ tho.! pruc~..:ds thereof . C~ct lfi.c .ltion f rom the County Clerk
and RcctJtt.ler o( all p resently o!ffac t i ve Financing Statecents of record to
be f urnished to) lend~r .
4(f) Othe!" Condltions : (coned)
4. cover3 gc av3ll.1blc at .:1 ny tl:e d ur ing the life of the loan when Borrowe:r's
l o c .:H.ion a~ dcsihn3tcd b lls within the boundaries of a spec ial flood ·
h<l!..lrd area 3:td f ~d.:r a l Flood lnsu rancc becomes a vaU3ble.
5 . \.J'rlttcn .:Jgrceac.nt of Paul H. 0-:Jbhll.:ln, satisfa ctory t.:> Lender, that :
a. B::~rrowcr's r eal pro pcrty lo cate:d at Laval, Canad3, vill be listed for
S .Jl~.
b. Bo rro~o~er .... u L not Jec linc any b o na fide offar ;; for the s~le o f that
pr-o perty 'J lthout :.~~ pr ior "'"ritte.n consent of SBA.
c. Bo rro""er \lll l rc p o :-t to Lender iu wrlting once C3C.h q~rter on the
progrt!:ss o f sale to date .
d. Ne t proceed s froo .:sny s~.:c h so1le, le ss ~mounts needed to purchase or
co nst ruct ..1 hon,• in Color01do, ui.ll be applied o n th~ Note in the
lttv<.!rsc ord<!r of n.l turlt y of t he pa)'Iti!:nts due thereunder. Met proceeds
ap plied to tic no l.!SS: t h an $50 ,000.
6 . Pr-ior to disbrusemcn t, Bo rrower \Jlll furnlsh .1 Ce rtif i cate of Taxes Due
fr or1 the County T r ca'iurer shoutng t hat a ll real property taxes are pald to
d.Jt~.
7 . Norc mu s t be executed by Borrower and spouse, Shake T. fl.:~ghlian .
8. \,~ni le the outstandi ng p rincipal b3la nce of thls l o an i s $100,000 , or core,
<.J uJi tcd annu.JL f iuanc 1.Jl stateme nt s :>h.:dl be submitt ed .
9. Pri rt r to dlsbur s ~mc n t, 8orrol.'cr sha ll fu r nish balance s heet" evidenc ing
t l·.n $50.000 h .1s been i n jcc.:t.cd !ntu the busint:ss .JS eq uity c.:1;:d.tal or as
a I v a n subject t '\ :->La nd b y agc-<:!(.>:, .. nt .
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lOAN AUTIIOR !ZATlON (con ed )
P.1u l '£ Restaurant and Pi:z~ria
3 550 S. Fox Street
Englc ~o~oo d, CO 80UO
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10. Borro,·cr shall po s t SBA For~ 722 (Equal Onortunity E:~loyer) in i:s place
o[ business in a location cle.1rly visible to the cener<Jl p ubltc.
11. Prior to co""'cncc:~e nt of ~ny constr,ct!on an~ ony d!sbursccoenc, for con-
scruccion purpases, Lender s hall be i n receipt of the following:
a. ALTA Title polic y sho"'tng the Deed of Trust referred to in par.Jg:-oaph
J(c)l herein to be of rl!cord, insuring against oech.Jnics liens .
b. Pions ond spe;:!f!cotions for new cons truction or leasehold icproveCMtnts
ref erred to in Polr.Jsr.Jj)h 3(b)2 !,e rein. S.ltisfacto["y to lender. lender
shall obtai.n .1 ~,;r ittcn a~;rceoen c fro:n BorrotJcrs a nl.l contractor that
Ch.:tn s e will nut be orUered or permitted in the plans and s pecifications ~ubmit ted to oJnd approv~ll by Lender, l.lithout the prior l.lt'itten content of lender, SB A, and surety.
c. Evidence that the construction or leas ehold 1.::!provc::tents referred to
in par.Jgr.:~ph l(b)2 herein is in conformance "'ith appllc.J:blc zone, bulld!n~. ond sonitor y c.odos, u well as all Fedora! ~nd State rog"latory codes.
d. T\.oo (2) copies of finn constru::cton contract '"'hfch sh.:ll l comply with
rcquirc=ents of SDA Form 601 (App li cant's t\grcccent of Cor::pli.Jnce),
S.Jtisf.:l.:t.,ry to Lender, for the construction of a n~w facility or
leasehold ioprovcmcnts refe rred to in p.J.ragraph J(b):! herein, at a cos t not to e,.ceed $100 ,!:>00 .
e. Evid.ence S.ltisfactory co lender that Builder's Risk and Work=oln's
Co!:!pens.ltion insur.:l:'ICI! is being c~r ri ed by the contracto r or contractors .
f. Evidence that Borrouer h.Js obtained a 100% perfort'.:mce bond ancAi.1bor
.Jnd materials P3)':ncnt bond issued by a corporate s urety approve~ by the
Treasury Department utilL:t.ng .1!1 A:lertco1n Institute of Architect 's form
or coopar.Jb!e covcro1ge. Doc rower only shall be named as o bligee on the bonds.
g . Furnish· copy of recorded Ois~urser 's Notice required by Sec t ion JB-22-126, CRS 197). .
h. Furnish a survey and plot plan.
1 . 8orrower to furnish evidence that the plane stt.e \Jill be adequately
urviccd by acces~ ro.Jds, water system, scw.Jgc di s posa l systezu o1nd all necessary utilities .
12 . Lender to disburse construction loon proceeds upon cooplerion of construction
or in accordance ~Jith th~ tenus of the construction contract. If disburse-
oen t is oade on the b .:Jsis of progress payments , e.Jch disburscocnc cust
pay all c ons truction costs to the d ate of con tractor's invoice, less 10%
recainage to be disbursed upon completion of the contract, provided:
a. Leni.lcr shall h.Jve made interim inspection and final inspection of the
construction as it deet:".s necessary, to detc.r::1ine that construc tion confor=:~s to plans and s p ecifications.
b . lnspoct!on: Oonk to 111o1ke Inter!~:~ inspections ond final in s pection of the
cons truc tion .J~ it dcems nec~s sary , to dcteroine that con!:itruc t ion con-foros to pl.Jns and spccific.Jtions.
c. Interim Construction Loan: Interim financing is pen~ttted provided that
prior t o disbursement uf "ny loon !unds Oonk Is satis(!eJ thoc construct ion
h.ts been compll.!to.!d 1n .ac<.:orJ,lncc tJ {th fin;Jl pl.:Jns ·lOd s pec ifications and
th.Jt c onstnw tion ( ... wd c(juip r.":~.:nc) co s ts ho1ve not exc~l.!dcd $!00 .000.
d . I. io n \1.1 I v•r" PrIor to cod1 d! .:hursom<!nt of consc ru c c !nn funds lion
w.liv•·"· "'""' "" u i,I.Ji nc ~ (r"'" ~ll cuncr"' t o r•, ""~contrn<:c • .,.,. ond ony
ln•lcpcudc·nt wurker " invol ved (,, tho construction •
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CONSTRUCTION LOAN AGREEMENT
Thts :~g~c:mcnt cr.::rc:d into th is ., 1 r d dJy of -~ • l 9l.l..,.._
be t w c c:nr A~t. H. li M":j i LIAN & S ~f._~gHt.IA ~__sU_!!l a Paulto R eetau -ant: And
hc:rc:mlftr:r referred to 3); Do rrowc r .JndCIIATFIELD BAl'\K.h c r cin ~tc r refe rred 10 :~s L:J'd !F, ~f\t"-'ESSETH :
Oorr.> .... cr desi n:s to obt:U :l l c:onstruciJon lu::n from the Lender in th e lnlOUnt o r S .-J.-&·0-.&~·o----
c:vtdcnccd by no te or the Uorr.J w..::r dl!Cd ~y 2 3 1 9 'L..-in (J \Of o r Lender and KC.Urcd by 3
DeccJ or Tru$C cons:1tutini; J first lien :~g:u n st rc:l l cstJ:c .Jnd amprovcm c nt s to be c rcc:t c:cJ thereon in ____ _
County or Jug_ahpe . S ::~tc of ColorJdo , dC'SCnbcd as :
loto 17 t.o 20,
Bloc k .2,
t !'r.t r.\lnon.
Count7 of Arc~al1oc,
State o~ Col o rado .
:u'K! Dorrov.er :lnd l e nder desi re to enter into this Co ns~.:ti o n L o.:l n .\~rccmc:m cor.t:a inms ;ad dmon:al coverunts and
conJ .uons f.Jr the t"'~o:nd•t o f the I cn1.kr JnrJ f unh ~o:r ~~·.:11 r in:; th e rc p J):ucnt of funch Jd~· . ..nccd :mJ to be Jt.hJnced
urk.J cr the pro\iS10ns o f SJ:tJ "'''c :UJ J J ..:~·J "faust J nd c mJl'r th e pro,·•~ .• ms olth1s Agr~o:c me nt. It rs undentood Jnd
J ;tced thJt the prO\ISio ns o l t l1is C.:mstru~;~;un Lo;,.n A gr.:c m ~o:n t )h.tll h.: .:u ns1rucd ..,..,lh S:li d note Jnd d.;~l.i o f t rust
:m.:J J s J p.:1n thcrc,,f , thJt :my bre:lch o f tht.: CU \l'nJnts J nJ t.:o n;.h ; ... )n o f th1 s A srccnu:nt )h::ll be gcunds fo r d cc!Jr·
'"S l dd::aulc u:"ldcr s:t.iJ ,,k ;:J o f trust c!..:.;IJ rmg the wh ole 1n1.kbt.:J ncss Jt tl n.:c d u..: ;md p :l)'lhlc, .Jnd uuututmg fo re·
d osu re O[ l.lid deed o f trU:!tl ; that 10 th1: Ch'RI Of Jny COU01.:t Of tnCO :'ISISI C.ncy bCI\H~~o·n th ..: ptOYIStOnS o f th is
A &r e:mcnt .:nd tt:c p ro,:s:ons o f n id no te ::nJ d eed of trust , the prO\·i stons of th i1i ,.\J:rccme nt sh :!ll control ; that
thcs.: prcsen11 sh..1U be b mJ•n;; u n the lJorrowcr. Ius heirs , n:p rcscnLJtt HS J nd J ssigns :md ~hl ll inu re to t he bcncftt o f
Le nJ c r a.nJ its succcss.Jr.i :.~n J J SSi gts J S !.:gal hll ldc=rs of th ..: m r.l cUtc Jnc ~s secured by ~:11d d.:cd o f trust .J.nd this
Ag reement.
In consider:llion of th e Leeder !:'I Ji.:.ing the J bove d ~!.s cntk.'d lo:a n, Oor ro \loW hc rl!by .:t~rc rs to .:o nstruct o n ~i d
real estltc: c:crtlin im pr.l\'Cmcnts con ~iittng o f :
A RtSTAURAr:t & ?I Z!t RtA
LOCATtn AT 3542 Sout h Fox Street
Engle~ood. Colorado DO llO
1n .J.c c:o rd:~nce \\ith pl:tns :~nd spceif ic :~.t ion s o n fil ..: with :\nd l ppro ver.l by L1.:ndcr , :.nt.J '"connection therewith further
.I !:,'T~I!S JS follows :
I. Borrower l::;rc:s t!'!Jt pln of t.."'e mdt..:::ement fo r m:~lr.:tng thts cor.s:ruc:lio n to:m ue such commitments fo r lo ng
term fin :~n~ng to rtpl:lce th is lo :1n J s ml y hl"'e been here tofo re rc:cci\'c:j .J.nd .l.pprovcd b y Oorrower tos;c:.hcr wtth
rc:bted FH.-\. VA or o :~cr s u ppo rting c u rr.;-;-::!mc:nt.s , or in the J b sencc: of such commitments , Do rro wer's 3pplic3tJon
fo r such long term fi nln::tng. or fo r t he c:o nvenion of t his loan mto p enu:1ncn l st:uus, ::md Borrower hereby :~~;rce s
to ful fi ll .J.ll rcquireme:tts of such c:o :nmitme n:s Jnd :1!1 rcJ sonJble requirements for s uch 3 lo:~n prior to the c:xp i ra ~
u o n of the commitments t~c rc!o re Jnd rciJtc d the reto or be: Co re this loan J;Oes mto reg u!J.r m o nthly plytnc:nts. Bo r·
ro "'e r 1ipt.:cificJ !Iy Jgr..:~s to close the long :erm loJn covered b y su ch commitments or :lpplic Jtio n Jnd cucute :1nd
d eli ver :~II :'leccss;u y o r :l:p p ro p n Jtc documents with respect thereto p rom ptly upon completio n of th~ JforeSJid
1mp rovcmcnts J nd not !Jtcr than -· 30-__ d.lys pno r to the cxpir:uion of the commitm ent for such lo ng
te r m fi n..1 net ng.
h tt fun her un de rstood a nd :~greed th Jt plrt of the consi derJtion fo r Lender malting th is construction loJn is that
L ende r shlll have th c ri gh t, w1thout b:in:; o b h gJ h:d so to d o , to m :J '.;c :~n y subsequent pcrm:t :Jc nt or lo ng 1e rm loJn o n
th e prn peny herein d csc:r.th:d ; 11 being un :.h:rs to od :~onr.l Jgrecd b y the p ::rties hereto th :u the perm.J.;,c:nt or lo ng term
f mJ n ~t n g shJU no t be p!:!c:c ll clse-.·h erc wi thl'U I the specific conse nt of the Lend er. In the C\'ent the tong term
fm J OCIO S: sh.JII be p!:1c cd c ls cwhere without sp ~,·ci !u;: consent of l cr.der, Lender s h ::t ll lh: entitled to reco ver !ro m
Uo rrowa suc h d Jm :t ~~,·s JmJ o bt ain suc h rem ed ies :t s m :~y be :l \'.:tJ !Jble to Lender b )' IJ w. I n addition to s uch o ther
n !!ht s as l ende r ntJy h:~ovc . Lender shJll be entitle d 10 for thwi th co llect fro m Bo rrower the fo llowing :
(J) The 01 mo unts o f .Jll fees Jnd chJrges d ue J.nd to become d ue to Lender fo r m J bng this Joan and all
fee s and r h .J rg.:s th:H wo uld ha\e b..·come d ue t o Le ndrr hJ d the Lender m .J.dc :t nd co nsummJted the
loog term lo.J n ; J nd
(b) All :1n1nu nt s .... h ic.:h lende r shJ II hJvc p 01id 10 :an y th ird p :m y or m:.y be or become liJble to p 3y to
.:any th trd p.my o n act:o unt I)( o r m connection ""'ttl: n:cc,ving the: :!pphcati o n fur this lo:tn :tn4.1 /or
the l011 !: te rm ln.m, procchi ng suc h 3p phc:J t.io ns . v bt Ji ning C'O mmi tmL•nt s fo r either o r both lo Jns.
p rc p :.rtns t u m.t l.~. 01:'1\:i n ~ a nd :l d nu nin e ring .-uc h h).ln:.. u r c:1 thn of th em
T l1e \sol.t t•o n u f l.c:aJ~·r 's n ght to m o~l.~ thl! l'mt: term lo.tu J S pro vi d ed in t lus p J r:'l g ro~ph sh :t ll be 3 dcf:~.ult
untk r 1his ,\~rccm"tt
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2 . To complcle 1he prvposcd irr.prvvcmc nts to b.: contruct,:d on sai d propcrty pro:n;nl y •=-~ ordJDCC .... ,th the
:)pptO\'CJ pLJns .Jn J spcc•f•c.lliOfl iO, free C:om .,u mechJ~,c·s .J.nd mlh:u:ll:ncn's liens :l.'ld .Jil o ther .ens, cb.a n.s or
c ncumhrJnc.::s CUCjH. the h.:n o f the ll1.1rcslJd De~ or T rust :lrld t."ta s A gre ement :t.'ld su:b o l."ers as auy be
1pcc•f•c '~U)' comcntcJ 10 by Lt..ndc r, .lr.d in su•ct con!or71Jncc to C:XI!!.IIng JJws , budJ •ns co..!:s J.nJ :.ODin& cr-di-
nlnccs 10 r •. ucc :~nd dfcc1 in th,: County, C11y, or other .Jrc:.. i~ whiCh slid imtJrovcmcnts J rc con)tr u"ted , Jnd !J\:111
Jt h1s o~o~on expense J.nd in due tu:~o.:, nhl.u n .~11 necessa ry ltccn~~ J nd permits rcquir.:d r_,r c r u1.:tt!cn t to ~·d con-
uru~o·t•on . Such cvmplction Sh.1ll tx d!.:;tctJ J l o.~ll cvc nl s prior to the e~~:pinl ion o f FHA C.:>cm•l men t to i nsure.
lhc VA LoJh Ciu.:trJ.nl )' C o:nm1tment , .JIIll e'cry oLh ..:r commitment for o r pcrt.limng to the lo:"g term fmlllCing
or pnor to the c.bte of the far\t pl)"rncm dur:: af Lhc loJ.n goes 111 tc. pcrm::.ncn t s:Jtus.
J . T o cumply with .til condlla or.s mJ.Jc J.. p :ut of the FHA , VA or other commiL"TTCnt in connection v;ilh the
lo J.n Jnd t~ c;~;l!{;,r .!II n-quarl."d ansjll.";t,ons o C construCtion. If .a t :my time, s;~;i d cons:.rucllo.:l lS not ut&~J..cto ry to the
Le nder, or 1t shJ..II I~ o f the o p mion 1ts Deed of Trust, :Js :a fmt lien 1s in jeop;~;u.Jy, it \h:all h.l\'C the ni;ht to stop
construcuo n ~d Withhold Curt hc r d is bursements fr o :n u id J.~ount until circumstJn;~ J.!:"C!Cti:'lg the constru.:-t io :1
Jrc SJ.IlifJ..ctor y to at , o r t he Lender an ats d•~r chon mJ..y tJ.lo.c: O\'Cr ::md m:m.J~c: the JOb :ndu..!1:1& t~e dn:&tUtJon of
SUj"'Cniso rs :lnJ the hir1:1!! J.nd r.nn ~ or to.•inplt..•)'C't..') n f lhc U orro~:e r . Il.Jrro\,lr,"Cf hereby 3~~ces thlt upon notiCe by the
LenJcr ~to d,"l, at wall c;aus.: .J II \\Ork on the i mpron~:ncnts tn ccuc um11 such c•r::urnstlnccs .Jre SJ.t iS!JeiUry tu the
Lcm.h:r Jnd O o~r.,wer "'•II coopcrltc in C\·c ry '-''3Y to J.S.t;Lst 1hc l end.::r •n t.Jl,;.jng over :~mJ mJ.:u~ng lhe ,ub, should
at ch:'"t so tv do. Lend.:r nl-')', tf it JoO J .:~.lr~). J J .. J..n.:c :~.dd,taon.JI sum) in c:."c:ess l,)f the :unount v l 1hc :~roreslaJ note
r.,, the p\.::j)Ok! uf cuntm.un; or •. :omp l~t .tl~ I he cun~truetion an lctor..br.ee w1th th;: S.ltd p!J.ns. spc:ct fleJ tlons , c:on-
lhtt.ms :tn,( :..:ttUIC ... IIIO.:II(), .U oJ IIIJII.I;_~·m .:n t :1nJ 0 pCr41iOR S O( the" prt•p~·rl y, JnJ fur the purpos.c U( proU::CliRJ: i ll
D.· .. ·d ,,f Tru\t l$:. ftn.t hen. "'h•eh ~dditau nal 3d\lncemcnts :and .J ny u~hc:r sums 111 excess o( the .:~.mount of the note
"'-lu~h l.c.:nJ~·r sh :~ll ~ ... c;.lkJ o n to ;,,h :mc:c )h:•ll t'le .u.JJ..:J to thl." tnd .. bt~·c.!ncss then o"'"~ tu the lc:m.l cr :mJ so:curcd
hy the u ....... l o f Tru!tol held hf II , It tl...u :_; lllt..:n J ... d h..:n:hy h) VC)( the Lto.•mh:r ""'llh J CtrS t Ji .. ·n un the premises tu t.he
C:t..t.:nt o ( :Il l ~ums .LJ \"Jfi.:I.'J hv it to th-.: n.l r r~•w..:r. rro\'ldl.'d, howcvl."r . the ruhl•c Trustee is :l.Ut horlzed to n:kJ.~ S,J.jd
Deed of Trust l•pou )Utrcndcr.ol 1h..: :~.!on.:):Ji d note fnr e:1m:ci!J.tion \\ilhuut •nquiry :~.s to such J.ddit•OnJ..I :W..-:~nc:e-
menu.
4. T., reimbunH! the Lender ff)r :-:1 nnies paid by it for record in~. ilhstr::act , hazard i :lsurnnce. Federal
llousinu or Veterans Adm i ni~tra~1 ":' lt..T ~. certificilte o f ta),.e!l , pbt su n ·t'y, ap;>raisal , title insurance,
nttorncy 's cha rG"c:::t, or other cx pt:'nSc:t and puy the Lender ~u h initi:.al service and other c har~es a:.
permitted by the applicable rules ..1:1d rt.'J::ula tions, a:1d n o t~A'i th~tandm~ any contrary provision in thto pute
ur Deed o f Tru!it Dorruwcr aj!'rct:s t11 pa\o' interest on the loan proceedJ dasbursed n t the rate of __!j_!_
__ o'-v'-e'-r'--U'-''-B'-O-'-P"r_1 __ m_•_-__;9_:_P_l_o_o_r ________________ , payoble monthly.
S. Thlt no m:~.tcria.h , equipment. ri.\h:rl!s or :my other p:m of sa.id im provements lil.'scribeJ :IS a p:art of Lhc:
sccuriry fo r the Jo:..n , sh.Jll be pur.:h:t!'.C'd Jnd/or inst:~lled under co ndi tion:~\ Sllcs :lf:rcemcnzs o r under other :~.c ree
ments wherein the right is rcSI."rved o r a.ccrues to :'lnyonc: to remove or to repossess any such items or to com.ider
them :u person~ pro perly.
6. Dorrowc:r ::tpc:c:s to furnish Lcr:d:r :1 complete set uf p!J.n~ :snd specific;:t ions, J.. lisr of c:ontr.Jctors, sub~
colttrJctors .::md :nJtcri;~;l suppli;:rs, the nJmcs of J..n y archatccts .Jnd cn;ir.c::crs employed in or Cor the construction o(
the Jforcslid amprO\"Cm::n:s :tnJ su;h oahcr pertinent inrorma.tion .JS the Lc:1dcr mJy requ ire from time to time.
Oorrow~r ::ssr::es to permit t~c lendt:r t.> inspect th e pr.:miscs :1:1 J the records Jnd bi."'Iks of Jc~ount rci.:Ltiv..: to the
construction t.'l ::reon during b usiness !:.>urs "'ithout not ic e. Oo rro wer a:;rc..:s 10 furnish recei p ted bills :1nd rc le::~.se s
of lien ri~hts covering :'Ill \\ .,,,_ ll o nc :1:1d mJt..:ri:tls furnis hed for Slid improvements :.s mJy be required by the
Lender, .Jnd to prot..:~;t Lhc first lien of the Leader from :1ny prior liens.
7. In the e\'ent work s~uu ld c:cJsc on improvements for fifteen (IS) consecuti ve dJys, the ume shall be con-
strued ;u :ln C\'ent Of dcfluJt hereunder.
8. Bo:TOwcr .J~c:ts thlt no c:hJnges or .Jdd u ions in the pllns or spc.c:ifi cJ..tions, oont~:;tors, sub-cootrleton,
r.1:1tcril.l s:.:t~t~hcrs , Jr;hatcets or c:n f;.ine rrs sh.J il be mJde :~.her the sJme hJ..ve been :appro,·cd by t.he Ltnder \llithout
f1rst obt.J1:1 :ng tltc wriucn consent uf S.li J LcnJ cr to such ch.Jnscs o r :~ddiuons. All conrrJcts h.:t by th~: Dorrower
sh:~.ll eont.u n the prO\ 1sion t11Jt no ch .Jn t;c in pi.Jns J.nd spcci{JC:J..tJons shJ.II be m :~.dc unless prior :~pprov.JI by
Under hJs been ob t:~.ined .
9 . Subject to rhc: pc:rfor:nlncc: of J.l! conditions herein provided, the lender shall d isbune such l0;111 funds as
follows :
Proceed• eholl be diaburaeU in proportion to Lendar'e
e9t1m~ta oi coo,letion uron presentation to Lender by
Dorrover of til~ r~quired draw rcqucct docuoeota along
vit~ blllM and/ur 1nvo1c~a for a~a tcrial uud/or ldbor
d~liverdd to or p~rf o rmed on th~ 'ubject project. and
Lender 'a ~pproval of eucla SOP?Orting material .
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Dorrtt \lo'Cr a nd btuh1 c::r :~ge e to d eliver to Le nder •mmedlltcly cpon recc:;:a b y t'lcm o r not l:uc:r th.l:\ the neA t s~.:c~· ... \l,n~ r~o.o1 U CH Cur l.i.~ursc:mcnr f ro m the const ruclJ on lo .m account, cop1:s o f ~y a:1d :!II :1C llccs !lied o r de·
(p,•r rcJ hy cl.u m ,.;us Cor m :th:o..als .lnd 'o r labor o r M::rvic cs furm:.hctJ m co nncCI IOn wu .. '1 the pro pe rty as prov•c!cd Cor
mS..:ct:on2 86 -3 -!(4 ):a nd (S),S..:l:tlon ~ 86-l-9(11) am.l (I ~) and SectiO n 5. S&-3<!6 (,.) C RS 1961 as
.\rncnJ.:J.
Do rr ."l ""''Cr ;:~grcc s to ind cmmfy and holc.J h annle ss th r: U:nd~:r fr om any and aU clai ms ans.ing from cbimMJts
lor !Jbor, scr\iccs, mJc hmc r y, tools , C\.lUtpm~nt, :t nd mJtcnJI pcrfo::ncd , s ~.:~;>ll c d . o r furnished to the pro pc:1y,
.:~nd Uorrowc r a _s rcc:s to p:1y all costs whec h may be ancur rc d by Lender m iu dcf:nsc J,S~r.s t such cllims .
It is ::.~r e ed th :u Lender )!.:1 11 h:J \'C t:tl.! ri&h t to rctJin. :u :til tmu:s, in the co nstru::tio:l I:J:J n J:::cou nt , ::.suffici ent
sum of t he loan procc:cc.!s ro CO\'Cr the Lender 's cstlntltc o f th e cost o f con.pkllon o ( ill:: propcr:y and af the estimate
of the cost o f com plcr io n is incr.::as.:d :l t :my time dul! to i n'=rcJSc:ll costs, ch::n;;cs i:l the pl:ms, o r fo r :1ny o ther
rClSO!J, l c ntkr r'll.ly, J l irs sole t.li sc rct.on . require n o:rower [O d C;>QSI[ sulf.:;acnt ft.:ndi wi:h L cr:dcr to be :ldd ed to
the con!l:truct:on lo:1n Jc.:ouau, or n:~u:rc Uorrowcr to in\I CSt ::.dd 1ti o n.tl funds m th::: pro perty, so that the I.Ja!J.ncc:
of the cc :mruction lo::.n ;,ccount will CU\\!r th..: cumplction of ;he p rnperty ; ::.nd Lcnl:!cr 1:1.a y "it!'lhold funher das-bur se:-n ~.:nt s until tht s rs I.J,,.,::. No mtt.:r .. ·st sh.1ll ~ p:ud to !lo rr.J "'cr o n Jo;count of fu:ad~ so <!r:posited, but s u::h
f unds s~ull b e \.hsba:r s~d from the cons:ructaoa lo ::.n Joc :::o~.:nt in lit~; s.Jm c: m.1nn .:r thlt l o~n fu n:Js :.rc disburse-d , and
ruui.Js f.kj-.u~ateJ hy ~l rr\l~ .. r )h:ill be dbburs .. :t.l bdorc further lo.ln full ds :•r.: Jasb:.:rs.ed ...
O istJu rscmc:us f r.:.m the l"Onstr uc t;on lo:m Jo C::O u!'lt s!'l :t li be m::.d.: to the: nCirtO\\Cr o r o rder , or, in du: lc nd ~r"s
)(lie disc r.:t1on fC~•na t uuc ro time "ithu ut h ~bili ty so to d o or fo r su &J oin~. 111 :tny :u.:h•te::t , l'n_s mcer, .;un tr l cto r, s~.~b.contr::.;IO r , sut>plu..r or :my ot he r mcchan•c 11 r mltcraJlm.ln .:ug:.g..:I.J in furnislung :my \\Urk or mJ.rc:r iJI fo r such
im p ro \'C:a•.:nts o r :my plrt thereo f. or f~r 1.!\f"Cnscs inc:1d cnrtu th e mJr.:lcenu:nr ;,nJ "P.:rJtiuns o f the property. H ow.
e'·c r , in no en..: s h.•ll l e nder he ho~b k for :111)' !ten o r cnc:unab r:mc.:s "luch m:1 y be fd r d .t~.Jt.nst the subject pro p~rty
J nd Oo rro wcr :::en::-~) h.J im mf.·d i.Jt dy r..:!li U\'c :t ny liens o r en.::umbr:mecs fi led J ;J inst the s u~J~.:ct property which Jre
pnor :o t!•e lie n~ 0 1 tt-.c Deed oi T r u)i he n:m descrit>..:d . l :::m.kr in iu sole d :Kr.::um 01:1 )', f ro m time to tina.:. m ake
;my or Jtl s uch t.l•)bu rsc n•enrs ,.,.,,h.•ur thl! t'-=Cu rence u£ J.ny or :~II o { the com.ht iuns thereto herei n pruvid~.:d .
JO . If Do r:o wn h J s 3pplicd l .•r .1 l.•.u • to be insured by rh.: FHA o r :!ny pnv :~:e mnrtp!=:C msuro r or to be
su:J;Jnteed hy th.: VA, Borrower =tfr~·\.·) to~ l ulri ll JJI requi r:::menrs fur ubtJmmg su..:h uaur:lnce or 'uarJnly 1ncl udang
the Cllf:;ut a;>n of :U t ncceu.uy cJ o.:umcnts and submission of all proofs rcquc)tcd by cit.hc r .l&ency.
It Oo r rower, o r the rc.JI est:lte, o r the impro\•emems shall, for :l:'ly re.Json, f.J il ro qu.1hfy fo r such insurJncc o r
b\J :lrlnty so th:lt the sJme C:!nno t he o b t .u n ~o:cJ , Lende r, .u ils c ptcon r:uy dec!Jc.; t he \;.hok o r th.: andcbt cdncss then
outst:lnd cn; ~~one.: du;: .J nd p3)'J.bl..: :uuJ fo rth with m stituk :m y o r :~II prncedures for the C.:llle:tJon ther eof. F3ilure
to obt.l tn rhc m s~.:r :~nce o r &u.tr:cmy v.uiH:'I )IA I Y (60) d:.ys of th~ fuu dJy on "h•.:h the s.1 m::: mig.h t no rm J !Iy be
obt3inei.J s hJIJ eonso.uutt.: pnm:.. CJci c C\'ad .:n c that the Oo n ow..-r o r r eal est.Jtc o r ampro \'c:ncnts do not quJI•fy for
s uc h insurJ.nee o r t:uJr .::mty ::.nl.l th .l t the s.:m..: c:Jnno t b\! obtJan ed .
Do r rower J cr:es n ot to tr:msk r title to the :&bo\·e des;ribet.J r..:JI est.Jt.: 10 ;,nyonc else until Jll Dorro wcr's o b -
li g.ltiC'I:ls under th is ~:;ree :ne nt hJ\'C ~cc n fuHalled i:'\du~hns the: ciC'Ising o f i.he long term fin:mcing .1nd , the r~cci pt
of the f.HA M or:~J&c lnsu r:Jn cc: o r pnvJtc m"'rt£3SC insurJne.: o r VA Lo :Jn Gu.lrlm y, if Jny :1r c robe obtained.·
II. T o f urther sct:ure th e p3)'m ~nt o r the Jfor..:said OC'I tc .Jnd J ll sums which m..ay bcco:nc due to the lender
fr om the Uo rro we r h c r c~nd~r . t h~ U t1 rtO\\'L'C h~r cby Jssig ns unto the lender, its su~:ce sso rs J nd 3ssigns, the rents
.:!t.:ru in:; :mJ t.> ~n:ruc fr om real est.Jt \! he r;:i nbcfo r..: d esc n bed Jnd .:t il impro..,e:n..:ms ltcrc:t fter erected th ereo n .:~nd
her eby d 1rccts l ll perso ns who m:~y now l)r h~rcJftc r O\\C such ren t to pay the Slmc to Lender without further
Juthority or showms o r cnhtle ment thereto. In co nnecti o n Wt:h the fo rcgotng: 3 S Si~n:nen t o f re:-tts, the Lender is
here by S?Ct :ftc.l ll y ,:.H honz:::d . but sh:.ll not be obi•&J tcd , to employ profl.'ssion ~l mJ:'ll~e ment of the pro perty in
order to i nsure the proper m :ur.:enJ:l::.; :t.-:d upcr::.llun t.,.,c-rcof. In the event thJ t Uo rrowc r shJH nor be m dcfluft
undn Slh.l not:: .:!.!'ld Deed o( Trus t or 11s ohli;;J l!On s u nt!cr thts .l l;fCemcn l, l ender shall !o n hwith pay s uch rent
as shJII Jc:uJIJy be coll ected by l ende r to Dorrower. Othc:r w•s~ l ender sh:Jil rer:un such rent Jnd 3pply the ume, :liter d dr.1 yi n~ t!'le reJS0:1lble expense of '~'lt..:c:Lon t he reof, ro the plyme nt o f .1ny .Jmounts whteh mJy beco me due to
the l ender, togethe r wllh Jny c~p t."nSt'li rn .:ade nt to the ~.Jn.JSI!ment .Jn d o p crltions o f th..: property, :tnd p.1y the
bJIJnce thereof, tf Jny, to the Do rro wc r . lender shJIJ h.Jvc nu duty to eolkct :Jny r ents ::tn d shllt not be Jecount-
ablc Co r a ny rents nm actuJII y rccct \'ed by Lender. The r cee.pt of rc uts ::tnd appl1cJtion :.s JforeS:J •d s hJIJ not w.live
the fl !;ht o f L ender to decl.1rc the who le mi.Jeblcd neu t mm ed la({·ly d ue Jnd to forec!u::.c the Deed of Trust :znd
cxerctk: Jll o ther remedccs avaa!Jblc to 11.
12. The wJiver by t.h~ Lender of ::.ny brcJch o r bre.1che! hcreo r, shall not be deemed nor shall the ume eon~t i t utc 3 W:tl\er o f :1ny subsequ..:nt bre::ch o r b re.1 cheson the pl n of the Bo rrower.
J 3. f n th~ e \'rn t o f a defa ult by t h e Rorrowe r a nd/o r Ruilder in th e p erform ance of a ny of the t e rm!,
covenanu, and cu ndttion:f containPd in thi s agree m e nt, o r a n y othe r joint a nd se v ~ra l o bli,;:..tion . o r ohl •~-:att u n :t, all s um!'! dtsbursed o r adv:tnc e d b y the Lende r ~hal l imm ediately ltt!COr.lt! due .:md p ayable
wit h nu t n u til-e nnd ~ha ll therea ft e r h~:Jr inte r es t a t the r :lle o f~~-per cent ( 1','1r) pt:r
annum until full y pat d . a n d satd IRndt"r may wtt hdraw a n y !'~Urn o r !'l um :son depo.si t wtth i t under the terms
of thts .:&w,cc m "·nt and c n·d•t S3r.11! upon a n y ind eb t~d n t>3 S of the Don-o wer ur upon t he i ntert'st, and •o r
pnnctpal uf thto not .. h crt'mbefu r c r eft:r.-t:"d to, and the reupon the Lender s hall b.e n:lt.·ast!d fro m nny a nd a ll
Hbli.:atwns t u the Uorru ~·c r und~r tlw t e rms ofth1s Asneem('nt. I t is f urth e r u n dt>rs t oorl ~1 nd as:rre.-11 tha t in
th" evt:"nt :such MtHn!4 .:I r e :;o ned1ted u n S.J td n o te,t he s ame s h nll n o t i n a n y rc~pt:c l t.'ure o r watve a ny default
urtde r :Hud lh:·~d u f Tr ust •J r n u t il't:" of tlt:f:t ult, o r i nva la.bte u ny uct don e p ursu u nt t o a ny ~u ch n o tic<•, and
Mlt.'h c r ttltt "" 3,.url nut t:" 3hall n u t c han..:e. a lt.er. o r preJl'dicl' a n y ri..:hts o fth t:" ht·n t~fic i.try ,.,.;ven b y s:tid Deed
of T r u!i t. I n tht:" t:"Yt•n t o f any s u c h d"'fa ult th ~ Lender s h a ll fn rthwtth he n ·lt.-vt •d •1f any uhliJ.::Il inn to·
oul v .1nct' ••r 11·• ~· '>'Jl :1ny und t !ibu r :-~e tl JlrOC"c cd::t o f t hi!:t lonn unti l at ~h :a l l ;tl·k n tl\\ lt•tl._:f" 1 he rei n s !atl'rn e nt of till~ l ... .m 1:1 ~w,tf ~l.aml u 1~. but the B urrnwl•r t~h all r emain o hl iJ.,!'ato:d to fu ll y pt·r f ,,rm o.tll its aforl•said llhiiJ.,!'.ll iiJO~.
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I~ The I .::~~ or lhc Deed ('( Trust dcsc nbcd In the p reJmblc: of l~IS ''s rcr:nc:nt sball ;~.lso rtle uc ;~.U ri:,hts.
ht!e s J.m.l&n:~r c sa of the l c:nd::r '":.he hereinbefore d .s...r1bc d rcll protl c:ty u:'\d cr 3:-:d by .,,rtue ol Uus Ag-c.::n::nt.
In the event thJ t the purposes o ( :..'l&s Agreement 1uve been fu lfille d pnor to the ?3)T.'1Cn t of lhe note aod Ocxd o(
Trus t cJcscubcd in th e pre:a mblc , tlus Agreement sb lll be relc:a.::d by .,,,riu :o w.s.trum:nt 'loo h&ch shall not a.U cct t!us
r.otc and Deed of Trust.
L<n d•r: CHATFII::LD BA.'il'
Hy ()</~ t!&~.-
. / .'JA~[S 11. BA!l!:O'J
~ Vi o o ?raoldont
STAT!:: OF COLOKAUO
Borro wer:
PA II J. ll. ~~Ctll.IAS. d/b/a Paul's Re•tauran
and !1::ar1a ~ ,
-,fJ!.uk..l ,' f. /.'u <Jf...£..>,"'-< ;;:;;;.
SIIAX.!' T. OACII!.IK':f, d/b/a Paul'•
Roataur~nt And Piz1oria
)ss
______ Countyof_.....I.!~e.t.f.t.t.e.e.r.r.a•.:0?.:0?---1
Tht! fore~cnna: inslrumt:\t w:11 ack.no,.•led~:~ before me this .-t.l.Ll. day of -'"»•"Y"---. 19.ll.-
Hy P.'lul H. 0A;",kl1an And Sk~ka' T . Dnghli~n. d/b/o P.1ul'• ~oataurant
and Pic.&eria,
and By JaDf'.• n. Bnrrov on Vico Prooident of Chatfield Bank,
a Colorado corporation .
Witness my ho.nd ~nd official seal.
i'ty commission ex~ures _,.!!!S..•ur"c:JI>.• ...L.~l1 9 7 9 1
.• ·~{ .. ~· •(;.."
O.UILOI'm.'S AGr..l!t:MENT
Whcrc::1s Borrower hns l•ntercd into a cuntr:~c.t with ·rep AI D !I I r ni u f' coapnnATXOll....___
Uuildcr, to construct tht• im;1rovcments contcmplatrd in the att:~chcd Construction Loan Agreement
b(•twcc n _f .'J;LH PtG 11 ' I ~N (, suu·r'T •HG III IA&rrower, and the CHATFl£Ll) BANK.
Lender. 1.1/ba,_ Paul • :\eatouranc. And Pizzeria
Thcrdn re, for :t.nd in coruidc:r:ttion o{ the SJ.id cont rlct with Borrower ~ the fin:~ncing provi ded by Lender
to HorrO \\'Cr, O uild~.!r :~grcn with Borrower :1nd Lender to conform to the provisaons o( ~d Construction Lcwt A~c:c::n c.:tt :md , msof:lr :11 th e umc m3y be 3!fc:ctcd by Ius funct1ons :u Duildcr, Du ilder 3&fC:CS to pcrrorm l.bc
obli,:lti ons t.~c.rco[ subject only :o receiving pAyments from Dorrowcr 3S pro,·idcd in the consuuction contr:ad:.
NN!u ng herein sh:UJ be construed a.s obli gJtiog Lender to :an y of the provisions o( the conU3Cl berwccn
Dv"ow.:r ~d Uui ldcr.
.';Jzv , ..... ,,..1 .t::~An·zx.-· . ) ~lAUCY .J-~p_.. ... PATTO: • Se.cretar}"
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STAn: OF COLOKAUO
_____ County of _.l.c.llrr•cn )
The-fu n1!u in~ in s trumt-nt was Rcknowled"ed before me this~ day of _.•...,so,..,y._· ---· t9.l.Z.._
Ry Oonnld t .• Patton na Preaident and noncy J . P. rAtton a~ Socretary
of :t crnt Oulldin" Corpor-ation, " Colorndo corporation .
\'..'itrH~to!t my h n nd nncl nflidal ~R L
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N u tar:.' Puhhr nrvrorlv r.. Url .. on
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Chatfield
Bank
!ioooo.llo l ••rt' W Kr-,.( •••I A.-I
lo'll•o ... ,I ....... ~N110:.1
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L•""''~' ......,...,...,,o CONSTR U CTI O N LO AN C LO SING STATEMENT
Date _,_,M_,a.:_v_.2'-"JCL..-'1'-'9'-'7-'7'--
Loan • _9!..!,.19!:0=-0~0~J~4:._S __
BORROv.ER _Q.!l~ .. _I:!L lA:~_'-_i' l~U !..:.._! ~b~~£~~{b/ a Paul's Rest .lu ran t & P izztr i a
7lh9 Sou t la t..'~Ls ter Street
MA ILING AODnESS. --~1 L L. I U ~1.L~.~A 0 l2J _____ PH O NE , ~ 79-0.~7-"J-'9 ___ _
PR OPE RT Y AOO RESS jj42 So uth ro'C Stree t. E nsl~w ood Co l o r.:1do 80 110
LEGALOESCRIPTION Lot~ 1 7 to 20 Blo c k 2. ENCL£1..'000. County of Arapahoe, Color_ado
GENEI=tALCONTA.a.CTOA M cP,~'!' BUILDl!ol C C ORPORATION SPeC ___ CONfRACTTAKE-OUT
LO AN AMO UNTS J_(~Q...J ... Q.£!~Q.Q_ __ INTE ;:;EST R·"E2l,L.ovcr U80 rKt ~T ERM ~"t~~~tl~-·-
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L O AN AMOUNT
L~ss
loan Fee 2%
OcccJ ol Tru11
AI! lease
Vlaoanty D~:!ed - 2
Ass•gnment ol R~nts
0 t'5 b UI Ser S NOIICC
S uoo rchn~t ton A.greemant
Constr,•c !•on Lo:~u Agr eement
f•nJ r•cmy Statement(1i)
Other
Tollelnsuran c e ·C>t-xa:~ LIEN PROTE C TION
Ta ... Ccrtrhcate
Survey
Appratsa l
Cred•t Oeport
/;,Horne y s Fee5
O th er rAYOFF-Rl!pu!Jli.c: ~.:ati on.ll
4. 00
2.00
TOTAL C O NSTRUCTION LO.:.ON COSTS 5 __ ~J4.89
BALANC E TO OR~W
CONSTRUCT ION LO A.N A\tOUNT 160,000 .00
leSS
C ost·Break.Cio""n S __!QQ_L!.2,5. 00
Est mtalt'l l l n t~re st ) 6QO. 00
Construc!•o n LO•'" CosiS --~..L.!12~Q_
l ot.ll S _l_QB , 1 J4 . 00
$105 ,465 .11
REOUIREO INVESTMEN T tC ISrt·tO·Ioan) -0-
Hl')r r•J wer h f"H!h y aqreesto d··pos •t I hi! Aeou tr ed Inves tment n oted above w tt h CHATFIELD BANK Dased upon act u al
l ll d,V IC~ttf'~IS and SIJ~C o f CUIItl)lcltOn Ol COIIStruCitOn, 11 reQutred
CHATFJfL D BANK lt/f ~1 , BO~ROWER AN D 'OR GENERA L CONTRACTO R
lly 1:,)~ /JthhL/ '-:-1 flu./ 1/ .!Jf' ~L:;:._, n
llcvt.)C I ,: . :.e 1 ~~~~~ tl" JlA II L 11. U.\C:Iit A~.""trth/,, '"'PaurS n.es t l\-Urant4
/. L ... ~~ f ·__, lf .. ~~--1 •1 ~zc rLt ~~~Ai\E ' r: ifA<-4L itN. t l/h /".1-l':i'i.t 1 ''"S"-K~'Mfa urau
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Colorado Deed of Trust 9 1 90-00 345
Til lS 1:'\'DESTlJ-RE! mJ.<!c thts 23 rd ,,J.iy o t !'lay
bc:o~.ccn
19 1 1 by and
P AUL II. DACHL!AN & SH AK E' T . 0 /.CHL!.\li, d/b/o PAUL 'S RESTAURAII T A:;o PIZZ E~I A
whoscmailm gJ<!drt'UIS 7169 South \,'~bater St.,
Little t on, Colorad o 80 1 2 3,
Couoty of Jeff cre o n
S:.l:e of Colonl.lo, f'H::r~in :oftc r rcfcrrcU to ;n t h~ \.rJr.tor , !lnJ tho: f>uhl i.: Trustet' o f :he C.J:Jn!v in ""h i:h t~e ru l pro perly h :.:r ~in J ft cr J I.'\C r.~d h lo.. .. t.:J, SLot.: o f CuiJ:.1Jo. ltdl.'m.lftcr r,.·f.:rr.:J co .a l~o c Tru,tc e, WITl"[.SSETB .
od ,:~f(;;; ~;7}f~r~tti''~~'~l...h: c:~~~~~'; c':~;~~;:~~ ~;~;::.':f:'J ,:~;',.;,~' ,~·~~ ~~~"O:n'~~;:;;'y _ ":.';~ g,~;;,b'.~ t;,:~;
h.l:"l , Culoude~, or at su h oth:r p::..::c :u ll'lc hoiJcr thereo f rna~ Je~r,n.ltc:: m ..,n:Jt:g. for the pnn.::t p..J sumO( ONE llU NORED
S lXTY TII OUS.\Nn .\::o r:0/1 ro ---------------------------Doll.r. rs l GO , 000.00
""·•lh l r;tcr~~~~~nbe~;J rt :bh: l"9" '7'7''JtJ In Uitl Ol)IC , t he CnllrC ho~l.mcc c.!uc :!OJ p.&)'~bk VII ·~,l)~•t.X )f f
A:"'D \n lfKEAS (ir .• n:..lr 1\ d .·~~roJui of nn1 .-mly )I.'Curmf:: tht: prompt p.n ·me:-.1 of 1he l roa·uu.J l:'ldcbtcdncu. bul o.f ~;.) o f cfk..:t l\cl ~· ).: .. ur J:lJ; th e rafvrmliiCI.' .t:.J vb ,,·r•.>~~.l.' o t th..: ,,.rn,l, .::onJH:un), ,·o•.:n .. uh o~n J .:J;recn u:nh thacm :m J hc:rc•n cunt .. mcJ,
f\.OW Tli i')H_r oRE Cr.wto r , in .:n:uiJ cr.oti>ln o f t~c prcr:m, ... ~nJ for t~u;~ p crp .)~C~ :~forn::!i J h H J;r ~n:e J, blrJ:lincd ,
)01.1 ,onJ l.':.t n\q~·.J .HIJ J-.~~·, h.:r.:hr po~rll. b .tt~"'" )l'll .anJ cum·c:y u ntu T ru.t.:c 10 1ruu furc:v~:r the f ,-,1:...,-'in~ J.,'),:r,bcJ
prv pcuy "tuJtcJ 10 thc County uf A r a ? n hoe St.atc u f C u lor .&\!u, Ia ~oo 1t:
L il t & 17 to 20 .
Bl oc k 2 ,
E t~CLl:h'O OU ,
Coun ty of lr opah oe.
State of Colorado.
·A/K/A 3542 South F o x Street,
En glc v ood . Co lorado 8011 0
llus i nJcnturc inc:lw.lt•s -11 hu •IJ .ng~. )t:u.:IU h:-~ :md 1n1prowm~nts now M ht!'r,·:a ftcr rl..~c l';J rh .. ·n.·un .md !Ill f1 \ture1
:a r J c:~u 1r m.:n1 """"" l•r h ..-r~·dt.' ,,: .. ..-h ~·J tl 1.r.tu, anJ .. 11 .JilL! ''";ul..r t he n ~hh hcrcJII.un..-nh o~ntJ .tpj'urtcn;;&ncc ' th ... rclo I'..J~·u~nlt; ,,, 111 ""' ••.:\ .op;•.::t.1nm.;. h•o> ... t!:.-r \\lfh .1 11~· .on J .oil proJpcrty, r ... ..~r,lr pc rwuo~l , .,..f u ~.:h lllo~) Cru rn lm1e hl 11mc
h.r .. • l iter I.· .r..;,,,·rn! ·•r I ' ... : · :•:~ ,,, .m\ ~'"'' lu r 1h : p uq •thc' h .. ·rc .. •t h .. · tn .m r \'o ,ty lUI>Jt.'C t ... J 1u th .. · lien hcrcl.l( iJ t be
l't.f!Hnl)' c.•n•q .. ·J, H~<•::.;.•~··J ,. "'~n,·d, tr .Hh !..:rr.:J . "'''l'•hlll..'d .tnJ ur p!..-ll :;cd h\ !he G r.tu t.lr h i .. uJ \qlh !h.: T r u:ttec, ~nd ,;~~, ,olt.:r .u:q mr.:J ptl•;•:rh lll '.:r .·•t 1111 11,· .ol• ... ,. J ..-, .. ·,,r,,·J r .. ·.d t.'~L•tc ••IH.h (,r.mh•r lli.J) .tl .a n} li m..: t. .. ·rc.lftcr h .Jv~ (If ac-~ .. tr.:, :u uJ .. r,., o~ll u i II~ , .... ,h, hH••·•. m•·· rr.,l th .1aJ .ncomc o r the ,,h,ne •k .. r ,t>l·J r .. • .. l '')IJ IC :mJ mo n;:.~~c·l propcny ! . .1111 110\l UO I!I!h ... Jd•' ~,',li:,:J l,.fd•) h fl ,;l\1 I ll l ull
r •• h.J l l' .u;J h i h.•!,• •h.: l ol/to,·, ILie:l'th .. ·r ''"'" Jlt :•nl.l .loiii,!Ui t r th .. · Pfl\lkt=..:\ .mJ :tppurlcn.onct''i t h.·rc untu t>clonJ;IR& In
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r :.n •~.·· "' .111y p.otl th,,,,,, r. t.·~·'''"· h•r !he h :.:h···• .mJ t.,·,t rrtcc th.: ,,,nrc "111 lor 11 1 ~ m c.hh. '''"' \•c .. l , nut u:..: IJ.o \inc
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t~tn "'1:11 ~:" r~ .... , .. !rJ h1 b "' The Tru'"l"r ~.-!'1 :~11 . out r f t he pr rrd' rr ·•·'"''' nl \UC'h ulc. :!fi::T ri ~t r :ayi!'lb L.,d ret:a ining
-•II fc c~-,.,,..l fb t'~. l he ~mt nf ra,tl.u1£ su~h \:l.lr :sn,l ad •rrt"'"S Itt: r •\·nu\.4.'\ :.nd ;aiJor nt)'\. fee:\ a, hctc o.."l pr ~)•tJed, p:l)' to
lhc h<'n~.-t..:u •} ~h::t•t.:u,Io.!r 01 the k~: .. J holder of the Htdcb:ed!'1 t"\' 1! . ..: J"nnunt of su.;h l:'ll!d•tcl.!n~'· o.'ld all :na:-ucs ad-
\J!'1:c;l h·. t~c n c:'ld~oo:t :H) c•r lct:.d h :"hh'r o f t~c •;-;dchtcJnc'' f.:-r tt:~ur.1nce. rrr :u r,_ la\C\ ;~.;~d :I Ur\!or:lr:'lts, an:J f or llDY
o ther pu:;>•~c c l(c ~.o!-a cr..: h crct "' :~u th .mzcJ , ""'''h tntcrnr thC"r con 3F.J C !!Tr.~anl ( l ~r) pe r annum, rc nJc:tng an y
O•crrh.n d :'In ), ''"'·' l·r-tn:C'n .:ml N 1.1 J ny rl'f '·>n d .Ji:run g an 1 r.:~rn1 111 Uu.: prcmt~e ' ),)', l hwu~!'l o r under t."lc grant-
o r The \.,:.· .-r ~..~;\., .• rhl •u :h J ccJ N c!t-.,.d~ 'o m .dc sh all h 1: a pcr;-c :(;;,J b.:r. bot h m IJ w ~n .l C =IU•t~·. a~:atrut the Granto r
and :~ny ;~:"l d .• !I rc~· .•ns c llunw& t!'l c rr":u,·.~·\ J.h.•rc~Jid, or a n) pa rt r h~·:c.,J b)'. from, t!lro:•r.ll o r undn !he Gn.ntor The
lt&l l hul!.lc r o f th e ,nJth::J nc\\ m:~v p:.H·.:::h J 'C the propc:rl)' or :~nr r<~r t t!1crcof, Mn.l 11 st:..~ll n('ll be o!>!l ;:atorv upon the rmdu.~ocr o r rur c~.a ~rs :u anv su::h sale It• sc=c to the .appl • .:::alion o f tht: p urc h::n e 01oney. If a r elca~ deed u reQu~:ed , the
Grantor he:..:by :l£tea ro NY all lhe C.\jlcmcs lhc:reor.
G ra:-::ror C"O \..:n an t~ and :.h:c:c\ to <lnd \l-ith the Truuee, th:.t :.: t h~ tim : fl f th : en~e011ln!.': ~nd deh\'CI"\' of these prl!"\e otJ
Gunt,..,r 1\ ""dl •Ci!.'-'•1 of the rrc m :\C \ 1:1 frc s::-:,~lc. 3nd h a~ 1=0.~ rl &l'll. full ro ••cr :md .h · ... !ul aut h:-r1tv ro J;T3nt. b.lt·
;::::un. sdl and c-e~,•ey t~c ~::me m nu:l nl'r .:mJ h•rr.1 3fMenuJ . hcrt"hy l ull)· and a b~,,lu tcl r \1-<ll•·in;:; o:~nd rcl:ui.."'A all r ights
3nd cl :.•:nt ~: ma•· h..&•e 10 o~ '·' •.uti J"):c~n ,._.~ .l, a ho.-1 :\tC.lJ C\cmpl!o:~, un j ::r anJ bv v:rl l!c of a~y :.:t o f t he Gc:;,er;at J\\!oCon ~!)' C"f the St .~:,• ,,f \••I:Jt.ltl.:l 00\\ C\1\I IO,C Or 1.1.h 1.n m :l\' h.;r('.J ftcr he pJ\\CJ 1!"1 rc:l.lt.t'n lh c:-ct;,; t'nt t!':c ~::r.\1! C~e fr,~c J oJ cl c:!r of :'ill l •..:n~ J.nJ cn:umk tn..:h ~.~ohJIC \r r , a nd f or the qu .ct .ln J pc:OJ.:::c .. hlc r<"~C'\~1o o of L~e Trustc:e, a ha irut
a ll 3;'1\J ne!)' rc:1.on or pcn.ons IJ""fully cl:u nung or to cl~t m t he "'ho!c or :tny pall t hcr..:of, the: C.n ntor \!l;all and w1U wu-nnt and forc\'e r ddcod.
Gu n:or hcr c ~y f w-thcr CO\'c oan!s :~.n J ;,g;ers;
I To rr >.~:t:O'Il )' p.l) the rri nc1~.:l o f :1.:1\J the mtc:e't on th e inJchteJnc.n C\ :J c nccJ b)' the ::ote secu:-ed here by at L~c lime .l:td 1n the i.l.l !"'::'lcr p r..>\Jti ed thcrcm .
:! "l h11 IC>&cthcr .,..,th 10 adJ1:m n •·• th ..-j".l\ntC nt~ fl f (lfHI Cii'.l and Jr.tc rc\1 ('J)at-lc under t he t erm ~ o f the note se·
cured h l'rc ~)'. :1.1 H.nd.:nr} \ C>i!I H"Ht c •:.H t!,,r ""'i l I'J)' ''' t h,· llcn..::,:;,OI:). uutd ud r..•te 11 folh pauJ , a su:n eQua l to t h o:
F=fl •tm d h;nt.;. nC.\t Jm·. l'hh preO IHI'''' lh I •.,I f IIC \1 t"I I!CO,IC \!tJC .m J r .l \,ilolc On r ••h~rc~ fl( l1r,· and o:h...r h ll . .l t d llH Ur-
3n:e . ph:\ ti"h· tl \C' .1:~J ~;>~.:1 ol .:''· -~· .... :. !1'\1 Juc un rhc prcn ll\~'\ l~l \t..:l.'•l "' t h:' dccJ o l trust (31/ l' C\ttmJ.:ed b y ll c nd~o-I:J:-) 1 lc" ,,!( ''II"' :~hcl J\ r -•••' tt:,:.:t,•r d•H.kJ h) the n umt>er ,,f r•flnl fi, '" cbr\\' hdorc o ne mon:h onor ro tho:
J .•ll.' \loh cn •u~·h ~r.•un.l re nt\, 111\U:-an.:~: rrcuiJUIIh. !.1 \C~ .1nJ J •\l.'~~rll ca:~ "'II h ~·.:flmc l!uc. s::wJ 'Urr.\ tu be held t-)' the
11c ncf ,:l:ta· m tru .: 1.• I' 1\ ,,uti r.r •. H::1J r~·llt•. 10\UJJ.t l,(' rn·mm:a•. u,~., .1:-1 .1 ·"'~''ment•. \\hen t he \Oi n•c. becof':le due .lnd
f".l)a hlc If rr.c m.•nt!1h !':I) men ·~ m . .Jc-"'the Ocneh :J.lr\' f.•r trflund rc~ol~ '"'ur •• n~c r~enuum•. IJA e\ .an J ,lf.U::>\mc-nu
Ul'I J cr th l\ rlr J~r.•r h ,h,1il n~: No "'ft •·•~·n t t.• 1""..1\ \.11\lC ••he n due .1nd JU\o~l•k . tl .r Gr.1ntor ~o h J.IJ, :af:c ~ ""f tl rr n not ic e
t hrr,·o r. r r.:o:-n r th r ... • tu th :-lknd ,,:,,1r~ .:~.n, 301Junt n= .. e;•ur •· to m..1 t..e ••r the Jd•nrnq bdore the dJ!c \\he n u id
F=tOLm.t rc-n:,, to\m.,o..::c rrenuum ~. t .".-~ .:n.l ,,\\C)\OJJ!'r.l\ hec.;Jn••· lklo o~ •r ut I he ~;o::rq: .. tc of the ~um~ l"".l)<~l>t e r nr ~;rou:1.l r r n:• 1nstH:tn .:c: r rcm'"'"~ t.l\l'' an .l ,1\\C\Stne na rn ,IJ,illk•n t.J th'-e p :t~:~hk t.• l'tln::u:ul :~nJ •ntctl.'\1 unJc r the ll·~:-:n 1'r l ~c nulc ~c.:u a·ll hr rc n, •h.t ll h · r :.:J rn .1 ~mt:le p .1rm ~·nt c.1d1 m.•:-:lh , u •J p:l\nlc n!\ to t-(' J.p;>hcJ to the fiJI!.,•\··
il1t: tlc m~ m rhc fln k r ~t.lll.'.l tl I tt> p,HH•J rc nl \, lr'I\Uf ,I:J ~.: l':cni!WI I\, 1.1\l''i .lnti .3 l'C~\OlC'hl\. (::!) ro lrl!Ctes t on the i:-.-
lk t-t cd ness \cc tir ~·J h t"rl'h)' tJ) tfl f'J \n>ciH\ on th ..-rrinc•rul.>f ~.u J md 1:l•1rJne\\ Am tld•c•e nc\ '" t!'t c J.OI ;"lU:ll or .:~.n y such
.:1:;;rcptc r.· .. mthl )· r t\ment !>!'1 •• 11 . unlc$~ f'l.lr.l l..' i!N-1 t>\· the Gr .m l ~.•: pr.or to th~· du,· l! •l c ,,f l hC' nC\t su.h P.l\niCnt . c on-~t t :ut e ..10 cv:::-.1 01 4f~·r .w l! urtJ•·r ll'l r• d~·~.t .,, trmt Thr (ir .. n: •r lpe,·~ "' l""l\ .l bte rh.ns;.· nul ::-o C'<:c:l'd t,.o ccnh (:!r}
for tillch Jo:b r t$1 00 1 of :.111 m~ullh!. r :l\'mcnl .... ~u c h h:u nut he..-n p.1 1J roo r h• I S t.l.J)i (rom 115 due d a:c to help de·
f r.l)' n pc:r.s n 1n;u:rcJ 10 hJnJI.n~ t he J .. :m!lucnt Pl\'ment
3 T h:t t Gra ,:c-r \\I ll C C>:'I:I,UO~·h m :ur.t:un r.,._. .:1.11J o:h.·r h.t:Jrd in•ur:tnc-c. ~·f \U.:t. ''~or l)r c\ l ~d :tnlflun ts n'\
arc ut••f .,;t ~•r)· let lk ndt.t.ll \'. fl:l t h.: ,-,prncmcnl 11fl"' or h ~·rc.th r r o' ':uJ r rcnu .... ·~ . .:~.n ,l (''<C"cpt "hen P.l\'n:e nt fo r o.ll
suc h rn·mmrns h J~ thl.'r l·f•'fwc h..:..-u n1.1l!o.' untkr 1'-t r:•j:.r:lflh 2: hz r..:o f. he ~.~otll p..&l rromr tly uh:-n llu..: ;&n)' premtums the-re·
for. All 1 r1~ur:w ce .o.h ... ll h .. · CJ rflnl 111 C.J!llp.lni\·~ aprn.n cJ h,· t h .. • Oeud,,,,v :.n..Jth..-r.•!•o:•c• )hall t-oe hdJ h.,.· t he Del1c·
fr cb ry .m J hl l'l' llll.•:hcJ t hl.'tth • 1 •• ,~ r.:r -1blc ci J .1 ~co; 111 fJ \Ot o f :an.t •II furm :IC CI.'i'l..ihk "' th.: llc11d1CJM\' Th.lt at lc:a~t lihct:n c!a)' t-odorc C\;"ltJt io n o f c.tc h ~t:c h Nltq•, :1. rc m·""..~lt herf'N ,1r nc11 anti •u fhc •cnc pulr:::y ta tJ I..c t he pllce
uf the on..-)0 C\:j"Jr :n&: ,h,l ll h,· dd,.·c rcJ hi the llcnt"li.:1~r" I n e•cnl of lfl\~ (iunl,,r •~til p\c 1:umel!1J :c n .:~t •::e br m J!I
to the Uc n.:f ... rJ t}. \\hU 111 .1) mJ t..l· r r.lf•f o f l.:n\ rf not n1..1Jl· pru:l'l''''' b\ the Gr ... ntor f..1..:h msurJnce co:np:.n)' CO:'!·
ccrncd '' ht.'tc h1• :a:thNI:'l'li J••d dn.:ccr J '·' 111o~l c 1':1 \'0tcnt h •r Sl:;h lo'>\ &kcc tl\' 10 the Hcnd1:::1.lr , JO\I c:td of to I he
f..it :'l ll(,"\f J.,J the n \·n d iCIJ t )' tr>ml h n.~· IO Jur.lr.ce &•rocccJ,, (If :10) N rt t'lereof 111.1\ t-c arr"l retl ... \ the nc ndn:iuy .lt
11s ortwn It• the r~J u:h ,•rt of the tn ~k b:cJnn\ hereby !.CC"\JrcJ. or to t he r c\:C:or.:~.t tl)n \•r rcp:t !C of the rr.:~rcrtv d amJ.;:ed,
or rd.:J.~e&ll o Gr.a:t tN to m.l t..c: th•· nccc~•Jn rc" nrc. or rt•,tor:lllon In C\'C,t nf f (\rcci~K"r" or t h 1~ &.k ed of t:-u\t, o r othf'r t r:~.n!.fcr o! 111!.: h• ihl' ~.u d pr ,;m,~.:~ m ,·,cm !=-U I ~hmc nt o f 1hc mJ..-htl·dnc•• !e::-ured h erchy. ;~II ,,,ht. 1111:-, and rntcre\t or
the Gr:m :or &n :m J 10 .lny !r.SU !.l nce , • .,-,ltCIC\ th e n In forc e !oh3ll r :.u to the pu:c hJ!oC f o r G r.lnll..~.
4. "T h::!:t G r:tnlnr sh:t ll nt•t Cfllltmi t or r r rm1 1 w.1~1c on sa tJ prflpc'tl)', or rc mo•c fir dC'\trroy 3ny po rt 1on 11'1crco f :an d sh;~ll mJtntlm lh,· r tt•pt.•rh m &:oo J rl·p.ur .1nd coodJt 1on O n :I n\' (J IIurc \0 to m.t.nf31n, Ucnd&Ct.lr y. Jl 1ts o plJo n, m3y
dccl.l re t he l:lticlllcJ n..:\S 111 l!dauh N llllV c :u.hc r..:J~On lb k fll..!ln tcn.Jncc no tJ rcr.ur \lo'Or k to t>e pcrformeJ .
.5 Th..1 1 :1 1! Jll\l }!nll'lll\, deer ct.'S Jn\J ""'..1rr:~.n 1 s (or in JUt)' or d:~m :tsc to I hi.' lllflrl &:t&..:d rropcrty :md all *"'lrd' PUr\U3nt
to poocccL!.nb\ IN Cflntit.•rnn:JIIt.•n or um.lcr J'O ""L'r o r 1!'111 t11..:nl t.l l•nt un :~.r c ht.'tl'h) a'"~n cJ b) G taniN m t !le tr "nttrct )' :1.11d
1oh01ll he pJiJ ''' t'l..-U..-nclt::t.Jt) "hfl .1 1 11 ~ C'lf'lll•n . 111:1)' :.rply t he umc to t he rcd u~f1o11 of t hl' •n..!.:~t cdn cn t.c~ured
hc r..:ll r . or tu the r .:~t o r.•lt t.•n o r rtp.m ''' !he pror'('rtv d :am~~;ed ror rdc ... \C \J.J r .1ynu·n1 t('l lhc Gr:~.ntur tu m Jt..e the 11C'C es·
~.:r r t f'\l tl t-hPn ••r r.·r•.llt' Ul!n d •CI.It\ " hndw cmrfl.,l!re.l, •n the n.1m c 1•f t he C·ra ntor. to rc-c e t\'C and 101\C J::Qu 1tUnce
fo r Jnd ,,, :r r r~::tl l h•m :•nv \u:h a":trll. 111\.IJ.!IIIt'nl or \Jetrce \1-ht:th c r rt ~c JCt lnt nr ~c:·~·r .ll It " :~~reed thJ t \I, hen .. nor .:~.n y
(l l rt o f ihc .:hfl•l! dc-..,..:ril..._.J rh'f'l'fh I• n •ull..-mncd o r t a ~cn 1..:~1.kr ro""l't o f e nu nc-m dr'l mo~m U ,•ndrc •.1r ~· m J.) collc.:t from
(,r,mtor ,, ''-·••l•n•l•k '•l''·'"'''·'•·ut C('l~l ur p r..-r.•\mcnt rcc <'II .111 Cfl nJl·rnn:'l li C'n f!J}n•cnt \ c>r ·"'·•rJ ~ :~ropl &cd to rc.!uc:e or
P·•r lt1 luli l hl• I'Tillt'lj' I] .IIIIVUII I r ~·mu ntn~ dl!t: !Ill Il l..: "'"'"t.'·l.lc~C CI ~CJ ;o...(ll l' 1111 ('\CC" "' .llllOU n{) d ue Jnd Pl\Jble or o r
fltl'I""·I)111 Cnb l'l'fl l!!lll'll h• h,• p.ml \1111 1\•u: l'r•·Hu u nl or r ct u lt} under l hc tC'TIII\ :~n d conJJIIt•m of \31ti Note) a nJ mJ.y :also
culkct frum the <•t JH tOI ..11l ..:o't .u1J n rcm\.', mt:urrcd by the UcndtCI:J t )' 10 coni11!Ciio n ""•th t.u c h condemn.l t.on
r •. Th.ll C.t .J III!•t ••ill ,,.,.,. \•hen cl ue ,,If 1.1'e~. :11~C'"me11U or :tn\' fllh..-r mtid•h.·dnc'~ ,.~i..::h 11tJ)' be ~ecurcd by h :n
or ch.1rt:c 1"':1 t he J'f\'1111,1.'~ 'UI'l'TI ••t h• I he !11.'11 hc r\'ol, a nd upon rc4 ue)t e\h1b1t SJtiSb tot)' cvlllcncc of the J tsch.uge of
,,l!ly )Udl pt.Or lien 10 the Ul•n cfJCI .I !)
7 rtu c thl· ll l·lldtCIJI\ " lw rchy (;i 1·cn lhc ri~;ht o f t'ntr) o n n id morta;.•gcl.l rroperl)' :1 1 3n y rc!\Onable 11n 1e fur
the: rm rt'~c of .n~pt·c tm ~ ,,mf rro pc rt)·.
II l h.•l thi· lo r .• nh•r .,.,11 con•ph· "ith all the l:~.w~ . .:~.c t ~. rttk~. rt·.:uiJtiC>n ~ and orllc11 of ·'"l' fedrnl. s1.11c, munici-
1'·•1. Jt.-,•,~1.,1 1~~·, ;:u!U'I OI "\If .III\C "r Jllol i~'l ,tJ h.,>J'f , COlllllli\\J\)n (I I ••ffJ C:l'f C'"\\'f(l\111 !: .Ill) J"•I \1-C f t•f f\'~ll f.ltlllll Of \UI""\.'r"\iSI Ol'l 0\l'r
ll1l' <Ji,,.,t ur ,., I h. *"••rl g .t.:~d J•rlli•dl\ fu r !h.: \'l"n,t r u..:ll,•ll, u'c 01 l•pcr .• tJo•n lhi.'H'•''· I'H'\hkol, hl•I•C•a. lhJ.t the: (jrnnto r
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Jtlornl:) ·, fc.:_.., ::H&'li ~!.S .. •--.1 .Jl or i:-. C'O"~nn c ctot>"l ""''" :a:w :.:ll.:.n. rr .t:..-.·•lm ~ or lh:.tun,:. J ,·~· .. J or other .... ,~. 1n llo :'l) wsy sff .. ..t-
tn a: or rd;Uu•t: 10 l~h· •:d:re\.1 prop&·rh. thh .J:~·J of ltl.N, or the .~r,u.:~ .. ,J nJtc .. c .... uc.J herd.oy, :mJ a~rcc' to h~l J llc.n e-
l i.:t .. ry h J UII/c \1 \'I I~ r.,;.::J IO olll) \U~h .o Cit.•!•, rro..:c~o.J m & (J( hC.l TI.~a:
10 Thl t 1:1 the C\.;:.r th.: llC"nd.:,:a ry &!'\:u:\ :nv c 'pe:nsc fur t!1c pafo r m1ncc o f any d .. f.IU itcd covc :a.::~t , :.~c:ncnt
.;,: .td ,,f t h.: (,, .. ,,:,lr _, Pl oJ ~·,J .. J h t<rcm, t he n :~n.,. monq\ o~r.h.rn;cJ ~·> th:: ll:ndr:•.try l.>t ~uch ;"l.t~c ~~;all b--J.r ta-
t, r l'\1 .. t t/'lo,: f,!h: Of 1 s-j"C f :10:1U 01 .1:'\J 'h3!1 t'o=t'tlniC .I 0'.1 rl uf t he lfiJrb!c:tJne)\ ~~· .. ur cJ h\ It'll• 1!1.\trU:~·II::ll r'I!Oiob[y and
c• 1 .. r~r•ty ""''" .:!1 o:~c:: mJ.::h:ctl:u~,\ sc.:urc:J hcr.:by. :&Mt 1hlll N: 1rn mctl •o~:cl~ c.lu c J.:-~J ;J~\·o~M c .,..,:~o~o:t notice lnac-
:u·•n b) !he li r:~di.:l .. r.-:.~o~ll never ll.: ..:o:no !.!c:cd l\ .a \lo :&iY Cr 0 1 .1 :1 ~ nt;hl ;:,ceru1ng to )lid Uendi.:•.U}' on l'"COWll of
•. \ JdlL.It tn rcund.:r o:t the r:.rt of tl u: Lr:w:.Jr. F .:1 ::.:.:: o f t ~c llrnef ,c,.~:y tu C'.,~·r c l \c .1 nv art•on gun:eJ huem •hall
n.•t be J ~o.emcJ l "-..11\'C : uf the llt:h t ttl C \~·r~I\C s:Jc !l o;H10n m th;: C\C II t o f .. ny ~ubwo,£u.·ut Od .. ult ,
I I In !he c"c:lt of ~:~:.ulli n 1he 1'11 \nlrnt o f th e •nd ebteJ ne1~ l't :~~y p.an Ihca·of, or o f :l br~3:h or vtalation of •oy
{"! the Co \·cn:&n :i nr :;:.:;;c:Hcnl\ h cre tn, t!"ocn ... nJ 1:1 th:&t CH'n t. the ... t:.•:c o f t he mdchlc:J nes\ :m\! the 1nt erc)t thercO:l IO :~e 1o ruc o f s.:lc. nn y ~t c:1;c:. a l !hi.' o;u.o n o l t:a c U cndu:.:~q o r t h:: lq; .. l h vi J.:r of the •ndc !'l:c:.!n~s. be d :;J:a.rc.S due
::uJ p..i).lblc:-, anJ l ~l j·~·:r.hc~ ,,,.. 'o!J 1:'1 111..:: :· . .~nnr r :~n:l w1th th.: un1c cfh:.::1 '" ,( t he mdc~:cJnc'" tad mlfurcd If
f,,:cdO•Urc 1~ rn:de ~~~ :~c Tru,f~:l·. su.:h rc.1\:lfl.1b l.: ;u :-.~:ru:y\ h·c .a !he U ~·nc fl::ilry rna y >~;;rcc 10 p:1y, or t>e requuc:J 10
;"l). w1:'1 :a nurumum I'\ J::'•1td.1r:.:.: "lth t!1 c r:1:nmwm !.:c 1.::hcJ L.!I.' Ll : . .: Color.:do U.:r .'\ .. ~•ahon, for \C:f'oi!C:CS 1n tbe ~~f'('n.t\loln of )U .. ~ t.>:.:.:l .,~ur ~ pr.>.:ccJm,.: .. ~h.11! to;; .. no ... cJ Jnd ,.JJ.:J n, 1!'1.: l' ... bhc Tru,:cc J, :1 p..1;1 of t he: c::Kt of fo re:·
d.,,urc If forctlo.u:c b.: ~i :l Ch.m an C.~urr, :. rc:J.~n ... ble .:a uorn..:~ ·s fer.: ~h :&ll b..· tJitcJ by the: Co urt .1 s a put of the cost cf su.:h fo:~:el.,.\u:c pr.xceJ:n,s.
1:!. The: 11 ~·1'1 o~ !h,, 11'1\:rumr:H \hlll rc~:.·:-~ in fu ll fo rce Jntl cffcc1 Ll u n ng :ln)' po\tpone:nrnl o r c:xte;uion ot !.he time o! p:i)'mc nt of the mJc~:.:J:~.:-(~ or .. ny Pl rt t ht:L.Jf sc:'u r::LI her.:by
IJ I n t ~c c~c::1 : oi J.::;ault hc rcu "\Lier , !he n ::~:!•..:•Jrv . or 1hc h ;)!J~r fl f !he 1nJcbtcd:.~s c r cc:t.!i;:ate of 1.J ic. sh :1~l 11
on::.: ht'.::.Jr'll e l':ll :t :~··''" t~c r o~"'-''"":1, U ~(' ,1"\d .. ·r.p\ntcnt oJf :!.~· r:.J j'Ct:\• .. f.Jre\Jid ... nJ In 1.U:::h ('\'C:lt :he GrJntor hc:cby ~'"b"\ 1.1 t!tc nl'fllf ... r,.:~ .•r h.•l.l.:r uf ~~~~· nJd :~·,!:, .... ,.oil th o.: r.·nh h'UI:\ .. : .. t rr.1f1h uf ~l1J Ptoi'Cf'l r. fro:n L'lc ~.::~uln iC
Gl ~u.h f lj!!ol .onJ ,!,t r w,:; 1!'-c [ll':ov.! Of 1!1,.• ~!d.,~,;l;. 1'\CnJ.:II:\ (.ol fvt C' ... il.t\:Jr.:: p r,:,.::ccJu•J;• :~nJ th.: J"C floJ 0~ rc.!cm;ll toJ n , 1f
Mny I here he: I h.: J.l ,~.:r-. o f !>u .. h p .:t\>.:H ... u m .. \ he l'nl..J tO:l'J h) 1 ~1.: r..1:1 \ cnlllkll t hcr.·to by :my Ji)pro~n .. tc Ct\11 SU it
C': pl._l.;: .. clhn ~: ... o~n J ~>u..:h i"·•a ~ )h ..1ll h.: cn!.:l..,l tJ a r .:.:~n .. ·r 1,1r )U.I• j•:;Jperl)', ... nd ut lh.· 1..:nt ,, t. .. uc:. :~nd Pr ~!lls thctc.>f,
.. ftcr 311 )' ~u ~h J.:t.~u:l, ,:; ... lu J ,:l g t ~t ... • trn 1..: , .... ::::..:J by f.r red.hl..fe i"~J~C..-Ji:'IJ;" :~nLilh..: pcno J of "'..!.:n1p t10n . II :any thc ~c
h· Su.h cncot l...m .. n t )h .. t1 ~·,t:.t a .. ,, m .• ucr of r ,..!11 ~•lh..>u l r .·~ .• rJ t ... • Ito,· ,uhln..:} or m "uht"nq of 1he Gnnl>lr or ol !he
:"o..:a O""'nt:-of ~.11.1 p::-;::1)' :1nd ''il~out h'_.:,~rJ t.J 1h..: \Jiuc uf t~1 c jHu;><·rt ~· S u.:h rc.:c n cr m l)' ll\: ::~ppo.n tcd b ~· :tny
.:.•ufl of com.,c:e nt J U:l~J.:t~o ln u;-roJn c.( ro .uh: apph.: .. t.oa . nc..z ... ~· lh.:r:u! hcmg hcr.:hy \'\PI..:hly \'"'''l·J. :md !he 3?·
p.,,n lmcnt o l .. nr ':.~c h r.:..:,·•••.:r, on .1ny su.:!l .. ;-r;!,,:,.tl oJn ..,,,h c..r ""'l h..ou t r:oti:e. ~~ h .:re b) con1.cn tcd to . All rcntl, tn:.:c:s
.;:J J prof1 ts, m.:o:n.: .~aJ r..:,.:nuc of ~ ... J pr .J f'll..rt~· ~h .. ll b..: .. pplicd I>)· :.u ... h h't'cn.:r a.~·.nJm , h.> [.~ .... :1nd the order~ :tnd IJ I~CO:Il.JnS Of t~IC C.JUtl.
1.:. The CJ\'C:l J:-t ts h c ~~·in euntJmci.J ~h..1!1 !·;~,!, .1:1J rho.: hcnd•h ..;r.J 3J•.1nt.1 ,;c) ~hlll mure Ia, th ~ rt:spct:II \'C hctn, e,c;u t.~rs. :ai.JnH:\1)\r .,:.,~,. )u;cl'\\,lh .. r,J o~·M.:::~ ..,, tho: p :t rl t.:' lw:c-:1 • \\'h~r.C\.:C useJ, the )L nt; .. l.t r nur;Lbt.·r ,h.d l m:::lo\!e 1 ~1c pluro~l , 1hc p lu r .. t 1~..: \.n.:u l .u ..• n.l tho.: '"·· ,,( .L n't tcnJ.:r ~h .. JI ,.,.. o~flj'lltc .. bk 1.1 :1/1 ~,;endt·r.. :~n J the ~o·~m · Ocr.:lt..:i·
.. :)" ~h ... tl Lnc:lu.J~: :&ny ;'lJ).:o.: ..,r t~r.:: 11\J~·bt.:J n.::,~ h~·rc by sc.::urcJ or :.ny tr .. n\f~·r.:.: lhcr.: ... l ...,hclhcr b f opcrJlion of b.w o: othcno,·l,c.
15 IN THE E\'E"l' 0 1· A C'O:"/Vf YA "CE C'lf IItl e (or .~ny ponioJ :ll ~('r~·..-.f) or the f C'J I p:o pcrt}' hc:tC I!'1 dc«:rtbc.1 .
(or :1n y p.ut lhcrco!), o : ·~ lhl! cwnt of ll rl· t·,:..:u:r.,n of .1 CoJn tr .. l ''' J~tC't:nl c n t cr c ~lmJ::. u gh t ''' l tt!c t o r Jny pon,o n t hc~c ut ), or m th .: C\l'r.l vt Jn lGr .. ·cl'ltcul ,:r .. nh:<r...: .. ll.'"•.!)\llt) r·~·h~ '" th..: rroJ p!.'rly {or o~ny porli on l ht·rcof ). 1n Clt t'CH o f
10 )C..il), C1t in l h~ C~~·n 1 •H the ~ .. 1.: ,,r lt.1n~f ·r .ol tho.: ~·;lll l toJ!I m; i'L ICIC)I ... r •JI lhc nt:tjOfl!V hl·flcfLC L.il 1:'\lete\l tn the JlOr ·
t u\\t'r or tis l u.jmJ .~I•na or Ji~).•l uti.Jn, tht·n "' tho: d C'._"tton ol rh..: ll .. n \; l h~· .::nmc mJcb tcJn e \~ h c r..:u mJcr )~u ll bc:::ome due
:::hi fl l)':thlc ShuuiJ th : fi .J:t..>\\.:C tcQUl''' ;h.•t the fl ... r.l. nut .:ko:• '"' .. c d.:t.110.: the &ndd•J.,,Jn eu ... ~ :uorC"1.:ud, :~nd shou!J
t!l:: lJJ nl.. he "tlltnf! .1nv .. ~h ;tr.f cen~..-·ot 10 I•·~ cth·~l l\1.' mu~t he m '-'tl tsn!l :m c.J ~~~I'ICtl Lt t hc ll crro••cr. t he Tr.l:t.lcr.:c
ik •:t.l"""'' and the U.1n l. I ! l~e U.!nl.. :::::rcc, r .·: loJ ckct loJ :!C~d.:: .. tc the lo.t n. 11 111.1)' &nt p,.hc cr.::rtu :J c on l!i!IO ~' 3' co n· ~.J..:r .. llon loJc 1.uc h .t;:uc:nc :-:1 . m:!~J 1:-,:, but n.: l::•u:.:J "'· :1. fcc t h.::l'l.,r.:. ::n Jd!U\tmcnt of th e mr~·rc~l r .ltC .:u:d t he
r:a :nhly r .I\RICO:' o r p:.~.rp o~J ..~nJ m•e rc~t . .J no.·.! l•.; .. t '"" of the h:.•1 o f tho.: lnJ ..:h t r.::L!:l c)\ 01:1 J Mn .. l!cr.allon of the ;m:·
j'.!\:"t'CII Ijlti\'I[C(;t' II :I.L u_:.l.. :!~h't' n.;ot loJ -~=l-!.:r..;t e t ho: lo ..ln !.Ln .! 0:'1.' o f th.: fo=-~·:;u m$: n .:n ·~ h .~~ u=::c:rcJ. ~u:h Tt.Hl $•
:.:::.: ltorto" c:r ~h .. U h · ,!. :"\.~J 1 ~1 h.n .. ::hUih J .:1,1 :tO:fCl'\1 10 fl..l } th ~· •ndd•t.:J:JC.\5 U"" mt: t he fl .ln~ hc re unJcr. whtthtr
or ll•ll thc 1:1\:rumc:ll C\,..!l:'l;ll'l;! )~.h lo.111.' \•r f • .n\kr C\.f't0:\)1)' ,o p!,l\':1!..:~. :1 :1 J thu, .. ·o,C:tJ nl )h..;ll r u n W1 th usJ p rco p ·
c:t;'ll.,l rc::t 1;~sn 1.1 fu!l kr;..: .:n,l di ..:.:ll\.: ut.lol ud mJ:bt..:Jncn i~ h~tJ . .!..1 teJ, .1 nd tho: lbni.. r : .. \, "'llh,-,ul nofl:c 10 the llor-
r o ,..·cr dc.o l wt:h su:h 1 1-~\l.:r ..:c Jl .•r:.1..,~·r ~Lih r.::kr.::no:c '"' th" \k!Jt )CCUf l·J hy tln'o J)ccJ o f Tru\1 , 111 luc.J rn tt rhe p.J)·
r.scn t or crcJ1t to '::~h T:.::hfcr~:.: ll .•:r.·.,.~·r. 1 ..:n J ,,hur\('J rc \ .. 'f\0: fu:•J, o:s r~·l'·•}menl tn f.J II o t \.nJ •n dcbtc:d n~. tn
lhc SJillC m:111ncr '" \\,:h ::1.: 11 -'tr•'"··r '-'LthoJttl 1:1 ..1 11~ \\..1 .o 1 :~·:m~ or ds)c h :&r ~m~ !I s.: ll urro .,,.:'·s luh ,ht)' h crcumh.·r c~n t ~e md~.b!.:Linc.•u h er~·~~· s:.::.J :cJ Sh.>~;l,llh,.. II. n l.. nut d c.:t "' .. : .. ·d\'f,l!l' 1!:..: I.J.w upon the oec c~rc~cc of :lnr o! 1hc fore· ;.Hn~ c,·c nh, I he m ~rl· t ::J:.:t .. 1 .. l .o:·~..: "! l •mc C'lf th.: .~cc .. ·plln'-C il l p.~~ m~·nh ~uh).:4 u .. ·n1 h) :ln\ o r •u:h C\Cr.h s!l J!I not be
J.:l·mcJ .. ,.,,m e r u! the iJ .o :ll..'s rtJ.,~t tu tllJI..c ~u~~ ~:..: ... t:.Ja nor )h~!l the u .. n a.. 1>..: c~t uppo·J thctdtiJnl b y \lttUc thc:rcoC
PAUL H. r•G HLIA ~, d/~/a
R~s t au rant An d ?1zzerta
S to~t c o f Color:~do l
" C~J 'Ity o r J c f f • roo n
T he (o r r .;oins m\trt:rtc n l Wl\ .:a d.n..,wltdl:C d bdore me th11 2 .1 r d
P.EI}'1 1977 ,by !laul lt. Dog hl!lln and Slull~e · T . ~/b /a Paul's Re s taur an t An c! P!::eria.
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tcrcJ i ntro ;u,. J.\lt:'IC I :t"\.1 \Cj':lf4te 31•r f"c r:·:nt J;"Jrt l tC'm ~1.! !)..:ed ,,f I n ut, ~t,.e .. :n d.e p;my (!1' pM:..u .... bo\e ):~J.:u res
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CJ '•' of lid mit tn t ~c fl 1)M •tor.l 1•f ·'~'~' .:.::-·' J ue thrr..:u.,Jcr ,.,cfto J Hl i: IJ\C' :.nd •n•.ur 1"'1::t> (I.L \n 'tnt.\, :tnd ;u f urth~r Jo e-
c u r t!) l ut the N~f l•~n ... n :.: o.J f .111 of th.: terra ... nJ toJ IIJ111o :n C\jl :c1.~.'d 1:1 1.:1.t.l S Nc 01onJ 0:-c-d c r 1 ru~t .
1'0\\, 11 11 H.l HIR(. f,•r .1 nJ 1n .:.:o:nir.k r .llo,ul o f the \Uill of Sl 00 :~n .l o:ht>r •:&lu :~'-lc ;.•!'1 \idcntion\, the receipt ""h:r~ • .,f •~ h c;c'•\' .. ~ ~;1,"t,, lc.li;C•I !he u nJ, '''J:.,C J Ll oct hcrcl'ov, 111 t:tt.! o ! ..t:-l.oult 1r lht' p.11 ~C!lt of 1.a1 d 1n c!cht~d nas o r
:I n \ r :r.rt t h c rc.•f N r ... !u:c ••• co r:•nl~· \<,1\~ JIH of t h:= ll.:rnn Jnc f C<'lll lbl t.:-n, ('f s.uJ l't•I C .I'IJ lk.:J ,,, TrL.!\t, :1 1\JJ[O. tu:u-
fc r a n.l \CI .3 \:~ Ull l~ I h.· l ,l'd lh u l.. :Ill rc nlt. p:,,fil.s.. :inJ ti'C••n·c ,,kt11 :ll !ro m \.u.l p:cnu\::\ :.nJ !rC'nt the b uild•ns:s and
•m;--rr•Hmc nt' :~cr c.t n. t.•;:.:t•u:r "'''' .111 r r,:h!\ o1 f'l ~t\C hu•ll ,,ll h Ill:! .~::J co::•rk!c :~u !ho nt•· :~.rut t •J:ht '" u •d 0 :1n k to
clcn•-n.t C••!l •• t rc.;:c ,.C", J n J rccct ;'t f,,, ~t :.h re n t~. ~n ::r:n c , :~nJ r rn h:•. :u :.1 l.'! roHcHr:'la u f ~11 ::1 p rcmu ts wtlhout h:l¥·
l OG ,, r~·c:~·11 .:r J.;"j'.•:lll<'d th ~rdnr, ,., tt"tH .lnLI :o n:.on .u:e 1 ~: \,r•nc fhrm t rOll' t:• lr m ~. :1"J to Ol ;>f'h' ~h= n t"l r rocct"d~ of \UC:h
rc r.t \, rn .:n:-tr c . J O.! r~••!rt' 1:-.•:'1 1 ~l••l f'·'•'I'Cf h' llt'l·•:'l \,rc J 1 n J .:!"It~·d n .·~, u nt rl .t il d c:!r:1qucn:H:. 3 JoJ n-:c ~. and t ~:: r :'ld d•h:dn~~,
M:t ur",\ h c rch~ .. :~J "\ tkc IJl·c J ul l rr:\1 \l l'c•c :-t tJ~te hc:l.'"•l h l tc pJn.l 1n full b y the Jppk:Jt.on o f ~ ... ,d re nts or until
l rtk h ubt.uncJ l!rrou;;h foo~·cl ,hu:c or o t ~C N J~
A r dc.l~C t.f s..oJ DccJ ..,, 'f r u,t ~h"\1 rc~t/_. .... th \, A .s a,;:H•r:nt of Rcn:s
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PAUL !1. DA C IILIA~. d/b/n Pa\.l'o . lA '\·' T.
Restaur ;t.nt An .:i Fiz:er l n st .ur3 nt
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raul's
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rtay, 19 77 ,by Poul n . Da ghl1an E. Shake' T. Daghl1an, d/b/o.
Paul 1 a R~ataurant And Pi~zeria.
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AFFIDAVIT OF POSTING
STATE OF COLORADO
COUNTY OF ARAPA HOE
BEFORE ME , a Notary Publ ic , personally appeared PAUL
H. DAGHLIAN, who, after first being duly sworn, upon his oath ,
deposes and says:
1. That my name is PAUL H. DAGHLIAN , and that I reside
at 7169 South Webster Street , Littleton, Colorado.
2 . That my wife , SHAKE' T . DAGHLIAN, and I, are the
owners of PAUL'S RESTAURANT & PIZZERIA located at 3542 South Fox
Street, Englewood, Colorado.
3. That on Fe bruary 9, 1979, SHAKE' T. DAGHLIAN and I,
filed an Application with the City of Englewood, for the issuanc e
of a Hotel and Restaurant Liquor License.
4. That on the ~da y of Ma r ch , 1979, I personally
posted the subj ec t premises located at 3542 South Fox Street,
Englewood, Colorado, with a Notice of a Publ ic Hearing of the
above referenced Application, wh i ch provided that said Public
Hearing would be held on Monda y , April 9, 1979, at 7:00 o'clock
P.M. at Englewood City Hall, 3400 South Elati Street , Englewood,
Colorado.
5 . That a photo of the posting n ext to the front door
of the premises is attached here to and incorporated h e r ein b y
r e f e r e nce thereto.
FURTHER, the Affiant sayeth not.
~Da~i~a~~
Subscribed and sworn to before me this£day of April,
1979 by Paul H. Daghli an .
My commission e xpires:
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PAUL H. DAGHLIAN & SHAKE' T. DAGHLIAN
d/b/a PAUL'S RESTAURANT & PIZZERIA
3542 South Fox Street
Englewood, Colorado 80110
Photo of Notice
of Public Hearing of
Hotel & Restaurant Liquor License
Application
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CITY COUNCIL MEETING
April 9, 1979
ORDINANCE # 18, 19, 20, 21, 22
RESOLUTION 16 , 17, 18, 1 9, 20
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