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Ban, �"
<br />105064
<br />�
<br />U.S. Small Business Administfation SBA LOAN NUMBER
<br />GP- 264,673- 20 -08--CM
<br />NOTE
<br />Grand Island, Nebraska
<br />(City and State)
<br />=400,000.00 (Date)
<br />- For value received, the undersigned promises to pay io the order of _ _ -
<br />FDW MT=" )M OF GRiM ISIANit3 `
<br />- - - - --
<br />- - - (Psyee) -
<br />- at its office in the city of Grand Island , State of Nebraska
<br />or at holder's option, at such otht;,;%Ce as may be designated cram time to time by the holder
<br />" Pam ggTa AM NQ/100 _t dollars,
<br />#..
<br />- (Brice oat amount) - -
<br />- -
<br />with interest on unpaid principal computed from the date of each advance to the undersigned at the rate of eleum - percent
<br />-
<br />per asmttm, payment to he made is installments as follows_
<br />Note payable twenty (20) years and five (5) months frm date of Mote, with f
<br />`
<br />interest at the rate of eleyla1 percent (118) per amatm, and 84 i lata7 t�etffx,
<br />_
<br />including prineLpal and intssmst , each in the amotatt of $4,639.00 payable
<br />vmthly beginning six (6) months fxtoffi date of. Note, ter be fc lowed by
<br />156 monthly irlstalUxwlta, including Pri rjcil and interest, each in the
<br />a cult of $1,285.00 and the ``alarm of principaland interest p at
<br />maturity: with the further provision that each said insta32rttaatt ill be
<br />applied first to =terest accrued to date of receipt of said installment
<br />and the balance, if any, to the pxiri'ipal .
<br />Payment of any installment of principal or interest owing on this Note may be made prior to the maturity due thereof without.
<br />Ike, term "Indebtedness" as used herein shall mean the indebtedness ev= :encbd by this !tote, including principal. interest,
<br />-- -- - - and expenses, whether contingent, now doe or hereafter to become due mad whether heretofore or contemporaneously hesewith or
<br />hereafter contracted. Ike term "Collateral" as used is this (tote shell nee -any funds, guaranties, of other property or rights
<br />- - therein of any nature whatsoever or theproceeds thereof which may he" been. are, or hereafter may be. hypothecated, directly at
<br />- indirectly by the undersigned or others, in connection with, or as security for, the Indebtedness or any part thereof. 'lire Collates-
<br />_ - at, and each pan thereof, shall secure the Indebtedness and each past thereof_ 'flee covenants and costliness set forth or referred
<br />to io any and all instruments of hypothecation constituting the Collateral are hereby incorporated in this Nose as covenants and
<br />conditions of the undersigned with the same farce and effect as though such covenants and conditions were fully set larch hereto.
<br />71te Indebtedness shall immediately become due and payable, without notice of demand, opus the appointment of a receiver or
<br />- liquidator, whether voluntary or involuntary, for the tiudersigned at for any of its property, or upon the tiling of a petition by of
<br />against the andetaigaed under the provisions of any Stare insolvency Law or under the provisions of the Bankruptcy Act of 18%.
<br />as "mended, or upon the making by the undersigned of an assigmereat for she benefit of its creditors. Hold" es authorized to de-
<br />date all or may part of the ladebtedu.ess immediately due and payable upon the happening of any of the following eveata-
<br />ill Failure to pay any pan of site Indebtedness when due: (2) by the undersigned a "r any agreement w ids, or any coo-
<br />, ditiou imposed by, !folder -or Small Business Administration (hercinatter ratted - "SSA "), tar either of thea. wide respect to the Is-
<br />debned"eus; (i) Holder's discovery of the undereigneeis failure in say application of the undersigned to Holder sat SSA to daaeluse
<br />any tact deemed by Holder to be material or of the making tbemm or in any of the said ¢greemeeta,_or is any affidavit er areas doc-
<br />smimuwhtaittexd in contraction with said afroicatioa or the indebtedness. of any misrepresentation by. ae "behalf of, at for the bese.
<br />fit of the aoderai rarf; (4) the reorgasiaation (other than a reargaaixation parsuaat to any of she previsions of the Hos#s"ptor Act of
<br />106. as amnded) or merger ar c.msalydatiun of the a"derasgaed for the snaking of any agreement therefor) -nit at the prtas written
<br />cwtsest al Haldvt, (5) the undersigned's failure duly to account, to Holder's satisfaction, at suck time or tires as Holder may fe-
<br />quite. for any of the Collateral, at proceeds - thereof, cumfag into the control of the uaderstyyed, - i6) the insritosirar of sty Adis
<br />affecting the undersigned damned b} Holder to affect adver"lj ins interest hereunder in etxe f.;cilwtrral orruthetw =ri H.ider "s latl-
<br />-ore to oxerciat its rights under this paragraph shall act consulate a waiver ibereat. - -
<br />iaA FOR-4 147 {b• ?yi Rtf A6 Sxv 1 PREViD. % ^NCB 50A FwAVi t54 7.-ht 53:, ANC S3:- ".x n#ss:
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