Alexander M. Moye and Judy H. Moye - Page 11

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                    supplies, and accounts receivable owned by Rosewood Kennels, Inc.                                                                                      
                    It provided in part:                                                                                                                                   
                                        In Witness Whereof, the Undersigned, Rosewood                                                                                      
                              Kennels, Inc. for and in consideration of the sum of                                                                                         
                              Five hundred thousand dollars ($500,000.00) has this                                                                                         
                              day executed and delivered the within Security                                                                                               
                              Agreement.                                                                                                                                   
                                                                                          Rosewood Kennels, Inc.                                                           
                                                                                          By:                                                                              
                                                                                          Judy H. Moye, President                                                          
                    Petitioner signed the security agreement beneath "Rosewood                                                                                             
                    Kennels, Inc." and above "Judy H. Moye, President".  Mr. Moye                                                                                          
                    signed above "Alexander M. Moye, Jr., Secretary/treasurer".                                                                                            
                              Petitioners never met anyone from the SBA while they were                                                                                    
                    applying for the loan.                                                                                                                                 
                              Some SBA loan documents said that the loan was being made to                                                                                 
                    Southern Police Dog Academy without referring to it as                                                                                                 
                    incorporated.                                                                                                                                          
                    H.        Documents That Petitioners Signed in 1990 After the SBA                                                                                      
                              Closing                                                                                                                                      
                              1.        Environmental Disclosure Statement                                                                                                 
                              In June 1990, petitioner certified to United Bank that                                                                                       
                    Rosewood Kennels, Inc., was complying with environmental laws and                                                                                      
                    regulations.  The environmental disclosure statement stated in                                                                                         
                    part:                                                                                                                                                  
                                        If a corporate entity, affix the corporate seal                                                                                    
                              and execute in the corporate name by a duly authorized                                                                                       
                              officer; if a partnership, execute Environmental                                                                                             






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Last modified: May 25, 2011