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PROMISSORY NOTE <br />$150,000.00 <br />200011225 <br />January 1, 2000 <br />On January 1, 2000, the undersigned promise to pay to the order of Doris A <br />Schuppan, the sum of One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00), with <br />interest on the unpaid balance at the rate of Five Per Cent (5 %) per annum using a daily <br />interest rate based on a 365 -day year for the number of calendar days actually elapsed from <br />January 1, 2000. Interest after maturity will be charged on principal and interest in default at <br />a rate of Five Per Cent (5 %) per annum. Payments shall be $ 5 a 3 monthly with the <br />first monthly payment being January 1, 2000, then each payment due on the first day of <br />each month as set forth on the attached amortization schedule hereto attached and made a <br />part of this note. The undersigned shall have the right to prepay the Promissory Note <br />without penalty at any time. <br />All makers and endorsers waive presentment, demand, protest and notice of <br />dishonor and consent to any number of extensions and renewals for any periods without <br />notice. Non - payment of any installment of principal or interest when due shall give holder <br />the right to declare the entire balance due and payable without notice. In the event the <br />undersigned fails to make their monthly payment they shall have 10 days to make payment <br />before they are in default. No waiver of any default shall affect any later default. Trustors <br />acknowledge receipt of a copy of this note. This note evidences a loan entitled to benefits <br />of a Deed of Trust dated January 1, 2000, given to payee by makers who acknowledge <br />receipt of a copy thereof. These funds advanced for the purpose of real estate financing. <br />It is hereby agreed by the undersigned that in the event the Trustors shall sell the <br />property, then Deed of Trust and Promissory Note shall become due and payable <br />immediately. <br />amortized over a thirty (30) year period. <br />Jakiie J. Sch pan <br />