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EXHIBIT NUMBER 10.12.3
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THIRD LOAN AGREEMENT MODIFICATION
This THIRD LOAN AGREEMENT MODIFICATION (hereinafter called
"Modification") is entered into on this date by and between FRANKLIN FINANCIAL
CORPORATION ("Borrower"), a Tennessee corporation; and FIRST AMERICAN NATIONAL
BANK ("Lender"), a national banking association with principal offices located
in Davidson County, Tennessee.
WITNESSETH:
WHEREAS, Borrower on December 8, 1993, executed a Master Promissory
Note evidencing a line of credit from Lender (the "Note");
WHEREAS, Borrower and Lender entered into a Loan Agreement on December
8, 1993, in connection with the Note from Lender to Borrower (the "Loan
Agreement"); and
WHEREAS, Borrower and Lender entered into a Master Promissory Note and
Loan Agreement Modification on September 20, 1994, and a Second Master
Promissory Note and Loan Agreement Modification on December 29, 1995, in
connection with both the Note and Loan Agreement.
NOW, THEREFORE, for valuable consideration, the receipt of which is
mutually acknowledged, the Loan Agreement, as previously modified, is hereby
modified as follows:
The amount as presented in paragraph 1.1 of the Loan Agreement, and as
later modified, shall now be modified to the amount of $6,000,000.
Except as modified and amended hereby, all the terms and conditions
set forth in the Note and Loan Agreement remain unchanged and are hereby
reaffirmed by Borrower as of this date.
Executed on January 31, 1997.
FRANKLIN FINANCIAL CORPORATION FIRST AMERICAN NATIONAL BANK
("Borrower") ("Lender")
By: /s/ Xxxxxxx Xxxxxxxxxx By: /s/ Xxxxx Xxxxx
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Title: President Title: Senior Vice President
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