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<br />N <br />iSl <br />iSl <br />0) <br />iSl <br />iSl <br />()l <br />iSl <br />0) <br /> <br />1lt-11tln 10'1 <br /> <br />/\/ <br />qf, <br />C <br />~ r) 6 <br />0\ J> ~ <br />~ ~ <br /> <br />on <br />::J:~ <br />mCll <br />n:t <br />7\ <br /> <br />r--.;> <br />g C")(f') <br />~: ~S <br />;;rJ ~.' ~ -i f"T1 <br />~ ,~ ~ c <br />o "'-'t f-'o c .,., <br />-., CD .,., Z <br />c:> ti,. _:::c 1'1 <br />PROMISSORY NOTE ~l~ ~ ~ F: g; <br />c:> r- r)> <br />if> f-'o '"" en <br />In consideration of value received for the property located at, 421 E. 8th Street, G Isla~ NE, 6~0 E- <br /> <br />the undersigned, Betsy L. Timmerman, (hereinafter "Borrowers") do hereby jointly Gf~d severam' <br /> <br />promise to pay to Gerald H. Timmerman (hereinafter "Lender"), the amount of $60,800, upon which <br /> <br />interest will accrue at 0.00 percent amortized over a period of 30 years, Borrowers agree to pay in <br /> <br />conformity with these terms: <br /> <br /> <br />200600506 <br /> <br />No Monthly payments, the entire sum shall be due 30 days from date of exectution; <br /> <br />Payments shall be due on the 1st day of each month, commencing on the 1st of the month after the loan <br />has closed; <br /> <br />Such payments shall be first applied to interest and then to the principal. This Note may be paid in full at <br />any time without penalty charges. Lender reserves the right to demand payment in full or in part, <br />together with interest accrued, at any time and fot any reason as Lender deems a breach of this contract. <br /> <br />In the event this Note shall be in default, and collection proceedings are instituted, then the Borrowers <br />agree to pay all reasonable attorney fees and costs of collection. Payments not made within 10 days of <br />due date shall be subject to a late charge of $50.00. <br /> <br />The undersigned anc;l all other parties to this Note, whether as endorsers, guarantors or sureties waive <br /> <br />demand, presentment and protest and all notices thereto and further agree to remain bound, <br /> <br />notwithstanding any extension, modification, waiver, or other indulgence by any holder or upon the <br /> <br />discharge or release of any obligor hereunder or to this Note, or upon the exchange, substitution, or <br /> <br />release of any collateral granted as security for this Note. <br /> <br />STATE OF NEBRASKA ) <br />) ss: <br />COUNTY OF DOUGLAS ) <br /> <br />The undersigned, Gerald H. Timmerman, Lender, and Betsy L. Timmerman, Borrower, bring first duly <br />sworn on oath, deposes and states that they enter into the above contract having done due diligence and <br />completely understanding all clauses and paragraphs and have had ample time to seek counsels advice do <br />hereby enter said contract willingly: <br /> <br /> <br />~ <br /> <br />BOmy-lc~--;;;Borrow" <br /> <br />A~--~. <br /> <br />Gerald H. Timmerman, Lender <br /> <br />SUBSCRIBED AND SWORN TO before me this~ day of lJl~~, 2005. <br />( <br /> <br />(Wfff <br /> <br /> <br />'~ENERAl NOTARY. State of Nebraska <br />MICHAElJ.OSTRANSKY <br />My Comm. EXp. Jan. 3. 2008 <br /> <br />Northwest Title & Escrow <br />271 e South 114th Street <br />Omaha, NE 68144 <br /> <br />1,]COlP4 <br /> <br />C).'. I. <br />N . <br />C). . <br />o <br />O)~ <br />0- <br /> <br />~~ <br />C)~ <br />CT'>..... <br />2: <br />., <br />