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202400900
<br />PROMISSORY NOTE SECURED BY REAL ESTATE LIEN
<br />FOR VALUE RECEIVED, the undersigned, Justin J. Dillon, a single person,
<br />hereinafter referred to as "MAKER", whether one or more, jointly and severally, promises to pay
<br />Plate Enterprises, LLC, hereinafter referred to as "PAYEE", whether one or more, the principal sum
<br />of $86,000.00, together with interest on the unpaid principal balance at the rate of 5.0% per annum,
<br />from time to time as follows:
<br />In equal monthly installments of $680.08 each in accordance with the attached
<br />amortization schedule commencing on August 1, 2016, and on the first day of each
<br />month thereafter until July 1, 2026,when all principal and accrued interest shall be
<br />due and payable in full. Said payments will be applied first toward payment of
<br />interest then accrued with the remainder applied against the unpaid principal balance.
<br />Interest shall commence on July 1, 2016.
<br />All payments are to be made to PAYEE at 2209 East Stolley Park Road, Grand
<br />Island, NE 68801, or such other place or places as the PAYEE might from time to time in writing
<br />direct. It is expressly understood and agreed that MAKER may make payments of all or any portion
<br />of the unpaid principal balance at any time without penalty.
<br />If default be made in the payment of any interest, or any installment of principal and
<br />interest or any other sums payable pursuant to the terms of this note or the Deed of Trust to secure
<br />this note when due, and the same remains unpaid for a period of 30 days, or if default be made in
<br />the performance of any covenant or agreement contained in the mortgage securing this note at the
<br />time when performance is required by such mortgage, and the same is not corrected within 10 days
<br />of notification by PAYEE to MAKER of such default, then or at any time thereafter at the option
<br />of the PAYEE, the whole of the principal sum remaining unpaid hereunder, together with all interest
<br />accrued thereon, shall immediately become due and payable, and the same shall bear interest at the
<br />rate of 14 % per annum or the highest amount allowed by law, whichever is less, from the date
<br />declared due. Failure to exercise such option or any other rights the PAYEE may in the event of any
<br />such default be entitled to, shall not constitute a waiver of the right to exercise such option or any
<br />other rights in the event of any subsequent default, whether of the same or a different nature.
<br />The undersigned and all endorsers, guarantors and all persons liable, or to become
<br />liable, on this note waive presentment, protest and demand, notice of protest, demand and dishonor
<br />and non-payment of this note, and consent to any and all renewals and extensions in the time of
<br />payment hereof, and agree further that at any time, and from time to time without notice, the terms
<br />of payment herein may be modified or the security described in the mortgage securing this note may
<br />be released in whole or in part, or increased, changed or exchanged by agreement between the
<br />PAYEE and any owner of the premises affected by said mortgage securing this note, without
<br />affecting the liability of any party to this note or any person liable, or to become liable, with respect
<br />to any indebtedness evidenced hereby.
<br />This note shall be governed and controlled as to validity, enforcement, interpretation,
<br />construction, effect and all other respects, including, but not limited to, the legality of interest
<br />charged hereunder, by the statutes, laws and decisions of the State of Nebraska.
<br />A credit agreement must be in writing to be enforceable under Nebraska law. To
<br />protect the maker and holder from any misunderstandings or disappointments, any contract, promise,
<br />undertaking or offer to forebear repayment of money or to make any other financial accommodation
<br />in connection with this loan of money or grant or extension of credit, or any amendment of,
<br />cancellation of, waiver, or substitution for any and all of the terms or provisions of any instrument
<br />or document executed in connection with this loan of money or grant or extension of credit, must
<br />be in writing to be effective.
<br />This note is secured by a Deed of Trust dated Tut, 5 , 2016, in favor of the
<br />PAYEE, encumbering property located in Hall County, Nebraska. 3
<br />Dated:
<br />,2016
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