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200202629 said debt. Bank and Vanosdall agree that the terms of this loan shall be as follows: 71/2% interest per annum on the principal amount with monthly payments based on a 15 year amortization with a balloon payment after 3 years. In the event Vanosdall is unable or unwilling to make said payments and said payments become 30 days delinquent Bank will have the option to foreclose its Deed of Trust on said property, sell the property and apply all proceed therefrom to the total indebtedness. 6. Upon satisfactory completion of the above requirements by ECI and /or Vanosdall, and after all proceeds received in completion of the requirements have been credited to the indebtedness, if a balance remains on the above indebtedness, Bank agrees to further credit towards said indebtedness an amount not exceeding $100,000 in payment of the indebtedness prior to beginning collection against the personal assets of Vanosdall. 7. This agreement assumes that there has been full disclosure of all information regarding the financial affairs of ECI and Vanosdall. In the event Bank determines that ECI and /or Vanosdall has not provided full disclosure or that Bank has entered into this agreement on the basis of fraudulent or misleading information, Bank reserves the right pursue all assets of ECI and /or Vanosdall for the repayment of the above stated indebtedness. Executed this 9"' =tea^,, 2002 Electrical (C- actors, Inc. Dennis G. Vanosdall President Dennis G. Vanosdall State of Nebraska ) ) ss County of Hall ) Five Points Bank Authorized Signature Ann M. Vanosdall The foregoing instrument was acknowledged before me on Q � �- 2002 by Dennis G. Vanosdall, President of Electrical Contractors, Inc., on behalf of the corporation. WIMWs unom RUTH TYMA My Comm. EV. May 17. 2005 State of Nebraska ) ) ss County of Hall ) Notary Pi is The foregoing instrument was acknowledged before me on ALck q , 2002 by