SEC Filings

AMSURG CORP filed this Form 10-12G on 03/11/1997
Entire Document
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         interest permitted by law. In case of suit, or if this obligation is
         placed in an attorney's hands for collection, or to protect the
         security for its payment, the undersigned will pay all costs of
         collection and litigation, including a reasonable attorney's fee.

                 In the event that there occurs any breach of any promise made
         in this Note and such breach continues for longer than fifteen (15)
         days, or upon the occurrence of an Event of Default as defined in the
         Loan Agreement, then, during the continuance of any of such events, at
         the option of the holder, the entire indebtedness hereby evidenced
         shall become due, payable and collectible then or thereafter, without
         notice, as the holder may elect regardless of the date of maturity.
         The holder may waive any default before or after the same has been
         declared and restore this Note to full force and effect without
         impairing any rights hereunder, such right of waiver being a
         continuing one.

                 The makers, endorsers, guarantors and all parties to this Note
         and all who may become liable for same, jointly and severally waive
         presentment for payment, protest, notice of protest, notice of
         nonpayment of this Note, demand and all legal diligence in enforcing
         collection, and hereby expressly agree that the lawful owner or holder
         of this Note may defer or postpone collection of the whole or any part
         thereof, either principal and/or interest, or may extend or renew the
         whole or any part thereof, either principal and/or interest, or may
         accept additional collateral or security for the payment of this Note,
         or may release the whole or any part of any collateral security and/or
         liens given to secure the payment of this Note, or may release from
         liability on account of this Note any one or more of the makers,
         endorsers, guarantors and/or other parties thereto, all without notice
         to them or any of them; and such deferment, postponement, renewal,
         extension, acceptance of additional collateral or security and/or
         release shall not in any way affect or change the obligation of any
         such maker, endorser, guarantor or other party to this Note, or of any
         who may become liable for the payment thereof.

                 The Borrower shall pay a "late charge" of five percent (5%) of
         any payments of principal and/or interest due when paid more than five
         days after the due date thereof (provided that in no event shall said
         "late charge" result in the payment of interest in excess of the
         maximum lawful rate of interest permitted by applicable law), to cover
         the extra expenses involved in handling delinquent payments; and
         provided that the late charge shall not be applicable to the payment
         due on the Maturity Date.