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<br />MORTGAGE NOTE
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<br />FOR VALUE RECEIVEO, the undef'St~~e:~,
<br />VENTURE, with offices at 25425 Center Rif,i,e
<br />Ohio 44145 promises to pay to TEACHERS IN$UR
<br />ASSOCIATION OF AMERICA, a New York corpontloA~ or
<br />inafter, together with its successors and assign.,
<br />"Holder"} during regular business hours at its off'
<br />Third Avenue, New York, New York 10017 or at such
<br />as may be designated from time to time in writing
<br />hereof, the principal sum of THIRTEEN MILLION F"lve
<br />THOUSAND ANO NOI100 DOLLARS ($13,500,000.00), togelih ,'>
<br />interest thereon or on so much thereof as is frolltll11e.t~\~~~
<br />outstanding and unpaid, from the date hereof, at ther.~.~tte~""
<br />inafter set forth, in lawful money of the United States>gf
<br />America which shall at that time be deemed to be legalten6r
<br />in payment of all debts and dues, public and private,such
<br />principal and interest to be paid in the following manner,
<br />to-wit:
<br />
<br />(ll) Interest shall accrue on the unpaid principal
<br />balance at the rate of ten and one-half percent (10-1/2$)
<br />.''__,~.___._____,.pe.r-.annUJll",from-,.and-af.t.P-~., the...dat,e".,he_rJU,l.f....:tbr.ough....and-in.-,--,-.,-.,----~,.--- ",L:,.
<br />eluding December 31, 1984, but shall be paid on January 1,
<br />1985, at the rate of nine and twenty-one hundreds percent
<br />(9.2l~) in the amount of TIiREE TIiOUSAND FOUR HUNDRED SIX
<br />and 44/100 DOLLARS ($3,406.44) per day and the balance of
<br />such interest, to wit the differential between lO.5~ and
<br />~ 9.2l~, shall be added to the unpaid principal balance and
<br />~ shall be payable in accordance with the provisions of
<br />~ paragraphs (g) and (h) below;
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<br />(b) Interest shall accrue on the unpaid principal
<br />balance at the rate of ten and one-half percent (10-1/2%)
<br />per annumy. but shall be payable at the rate of nine and
<br />twenty-one hundreds percent (9.2l~) in equal monthly in-
<br />stallments of ONE HUNDRED THREE TIiOUSAND SIX HUNDRED
<br />TWELVE AND 50/100 DOLLARS ($103,612.00) commencing on
<br />February 1, 1985 and continuing on the first day of each
<br />of the next succeeding eleven (11) months, the last such
<br />month being January, 1986, and the balance of such inter-
<br />est, to wit the differential between 10.50% and 9.2l~,
<br />shall be added to the unpaid principal balance and shall
<br />be payable in accordance with the provisions of paragraphs
<br />(g) and (n) bel~lw;
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<br />(c) Interellt shall accrue on the unpaid principal
<br />balance at the rate of eleven and one-half percent (11-1/2%)
<br />per &MUllI:""'but IIMll be payable at the rate of ten and forty-
<br />six hundreds percent (lO.4~) in equal monthly installments
<br />of om; HUNDRED SEVENTEEN TIiOUSAND SIX HUNDRED SEVENTY-FIVE
<br />AND 00/100 DOLLARS ($117,675,00) commencing on February
<br />1, 1986 and continuing on the first day of each of the
<br />next succeeding eleven (11) months, the last such month
<br />beinc January, 1987, and the balance of such interest. to
<br />w1t the d1,ff'ennt1al between 11. 5~ and 10.4&,{" shall be
<br />alWed to the unpaid principal balance and shall be payable
<br />1n accordance with thp. provisions of paracraphs (~) and
<br />(n) below';
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<br />(~) Interest sh411 accrue on the unpaid principal
<br />Dalance 4I.t tile :rate of twelve plJlrcent (12'.r.) per annum,.'O<><;"
<br />but 1IIh411, be plll:~ltbll! at the rate of ten and elghtY-6ev,w
<br />h~redll jXIrCl'tflt (10.81%) in equal monthly installments
<br />of 001 KlJ~OO!l} 'NmTY..'NO TIiOOSAND NO HUNDRED EIGHTY-
<br />IlWDl Anti 50/10() ($122,267.50) .:rlmmencing on F'~brUluy 1,
<br />1981 1\1'14 (~ontinIJ1!'1i cm the first d.!l.'y of Allen ,:;[' U~.. next
<br />li1JCCel'!':Hn~ el~vllm (11) IlIOnthlll, ~he liUlt "uch m,r; ~,~, bel ng
<br />Janu"ry, 19&11, :l\flCl the Illl.lam:E\' of ~uc:h int"T"'1': '{'
<br />wtt t.hl:! ~IHf/j!nmtl1!l1 b~twlitef\ 1~1.00i2ifld l 'J';'1",i/i,1U t'"
<br />11<11\1,.<1 the ',mipal'.1 prlfl~lpi!ll b",llllnce cull ',1]ill.: ;" ;ay
<br />\~bl ~r' .9I,c(.{')rd,!f\:n[':~~' 'J~t_~l thf!' pr'f)V~ ~('!flz{ '~~,f ra.7'f'tf,rrO.1I'!" t'-"]
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