|
MULTIFAMILY NOTE 86- 105854
<br />US S..... ,. .0..0..0.. .9. .0..0.. 0-00 .....grand
<br />.... G ran dls1an.d ......... ............................... Nebraska .... ..... ............................ I ............ ..............
<br />...... ..
<br />City
<br />....,October 15 .......... 19
<br />... ...............................
<br />. ....
<br />Fc* VALuE RrcF#vED. the undersigned promise to pay ........... I4? ! .............................
<br />...... or order. the
<br />Dollars, with interest on the unpaid principal balance from the
<br />dam of this Note, until paid, at the rate or ....1.9... percent per annum. The principal and interest shall be payable at
<br />A.Qx..16L ... Orand .. 1&1#j).4A..X9lb.1r.4lAkAA ... 60,92 .............. I.........................
<br />or such other place as the holder hereof may designate in writing, in consecutive monthly installments of ................
<br />..Anxianyukan .. 1bg.unamd-fivs .. "MadjoRd .. rifty-Ons .. gad.. 4.4/
<br />Dollars (US S .... IZ.55LAAim on the ..1at ......... *day or each month beginning
<br />1#42411111tr .. I ......... I .............. 19...(16 (herein "amortization commencement date"). until the entire indebtedness
<br />evidenced hereby is fully paid. except that any remaining indebtedneis, if not sooner paid, shall be due and payable
<br />on .curt. it"..1-19.96 ...............................
<br />If any installment under this Note is not paid when due, the entire principal amount outstanding hereunder and
<br />accrued interest thereon shall at once become due and payable, at the option of the holder hereof. The holder hereof
<br />may exercise this option to accelerate during any default by the undersigned regardless of any prior forbearance. In
<br />the event of any default in the payment of this Note, and if the same is referred to an attorney at law for collection or
<br />any action at law or in equity is brought with respect hercio, the undersigned shall pay the holder hereof all expenses
<br />and costs.
<br />If any installment under this Note is not received by the holder hereof within ....... (190 .. 19 ....................,
<br />calendar days after the installment is due, the undersigned shall pay to the holder hereof a late charge of Jt .......
<br />percent of such installment, such late charge to be immediately due and payable without demand by the holder
<br />hereof. If any installment under this Note remains past due for 3Q .................. calendar days or more,
<br />the outstanding principal balance of this Note shall bear interest during the period in which the undersigned is in
<br />default at a rate of ..12..... percent per annum, or, if such increased rate of interest may not be collected from the
<br />undersigned under applicable law, then at the maximum increased rate of interest, if any, which may be collected
<br />from the undersigned under applicable law.
<br />On and f but not . ................... .................... I ............... 19......... ("prepayment permitted date"),
<br />--I- after. p flier
<br />un e d may make partial prepayments 1prepayments of principal without charge provided that the aggregnc_�such
<br />prepayments - 7�m
<br />not exceed in any one loan prepayment year ........... percent of the original pri '0�ount of this
<br />Note ("allowable pr meet" For purposes of this paragraph, "loan prepayment year m;am; each twelve month
<br />period beginning with the ftepqmcnt permitted date or an anniversary date thereof. P ymcnts of principal which
<br />in any loan prepayment year ezcee allowable prepayment preps s ") may be made provided that
<br />( "excess
<br />the undersigned gives the holder "c written notice of 1: ... amounts to be prepaid at least
<br />............... .......... - .................. days prior to such menu and ed further that the undersigned pays to the
<br />holder hereof together with each such prepayment (i payments occurring as a result of the acceleration by
<br />undersigned
<br />with
<br />each
<br />h
<br />no
<br />t hereof
<br />prior r
<br />0 Yin
<br />h
<br />together es written
<br />am n and
<br />7
<br />de
<br />pa
<br />such
<br />further
<br />m
<br />er
<br />It e"ymenh occurring
<br />is
<br />.F.Mthe holder hereof of the principal amount of this te. b eluding prepayments occurring because of the
<br />I he en its t ud re I
<br />application by the holder hereof of insurance o emnation awards yceeds pursuant to a Mortgage or Deed of
<br />pa re 1. first . .... .
<br />Trust securing this Note) a prepay fermum. In the first ................... ....................... 10 loan prepayment
<br />securing is I Pre I � i I 1_
<br />an ...... . 'o�r�e." prepayments. The
<br />year(s), the prepayment premi all be an amount equal to ............ percent
<br />pe
<br />I ul palm 1 .11 decline y the --tribe,
<br />percentage used to calcul e prepayment premium shall decline by the number z ............. in the
<br />tar prepayment
<br />........... .................... ..... .....
<br />ban prepayment year and in every I............... ............................... 1,6--�fepayment
<br />me very
<br />d e percentage y le Y..., i It d
<br />percent, year the�rea mil he percentage payable on excess prepayments is ........... percent, which percentage s a
<br />p s
<br />the prepayment le
<br />to ca, e the prepayment premium which shall be payable on excess prepayments during the remaining t=
<br />excess
<br />Prepayments shall be applied against the outstanding principal balance of this Note and shall not extend or
<br />postpone the due date of any subsequent monthly installments or change the amount of such installments, unless the
<br />holder hereof shall agree otherwise in writing. The holder hereof may requite that any partial prepayments be made
<br />on the date monthly installments are due and be in the amount of that part of one or more monthly installments which
<br />would be applicable to principal.
<br />From time to time, without affecting the obligation of the undersigned or the successors or assigns of the
<br />undersigned to pay the outstanding principal balance of this Note and observe the covenants of the undersigned
<br />contained herein, without affecting the guaranty of any person, corporation, partnership or other entity for payment of
<br />the outstanding principal balance of this Note, without giving notice to or obtaining the consent of the undersigned,
<br />the succession or assigns of the undersigned or guarantors, and without liability on the part of the holdir hereof, the
<br />holder hereof may, at the option of the holder hereof, extend the time for payment of said outstanding principal
<br />balance of any putt thereof, reduce the payments thereon, release anyone liable on any of said outstanding principal
<br />balum, accept a renewal or this Note, modiN the terms and time of payment of said outstanding principal balance,
<br />join in any extension or subordination agreement, release any security given herefor, take or release other or
<br />additional wcurity, and agree in writing with the undersigned to modify the rate of interest or period of amortization
<br />of this Note of change the amount of the monthly installments payable hereunder.
<br />- Soap
<br />NURASKA --Multifamily 1/77- 17NMIA/PlIACtInifewinimirument Fman 4128
<br />
|