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84000186
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11/18/2008 2:36:51 PM
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11/18/2008 2:36:42 PM
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84000186
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I <br />$~ -- i)G0186 <br />INSTALI24'1iT PROMISSORY NOTE <br />$150,000.00 Grand Island,.. Nebraska <br />„/ . <br />.~~_, i98 <br />FOR VALUE RECEIVED, Undersigned gzoadses to pay to the-order of COM!lERCI1IL- <br />CREDIT BUSINESS LOANS, INC., herein sailed ^Commercial Credit," ai its- office-at <br />Ransae City, Mieaouri, or at ouch other place as Commercial Ctedit maq designate, <br />the sum- of One Hundred Fifty Thousand Dollars ($156,000.00) is Fortp-Eight (48) squat <br />consecutive monthly instalimeats of Three Thousand-One Hundred it~eaty-Five Dollars <br />{$3,125.00) each, the first. being due and payable on ~K~ I9 , 1384, the <br />succeeding installments being due on the acme day of each month thereafter for the <br />next succeeding Forty-Seven (47) months, and with a final Forty-Eighth (48th) in- <br />stallment of Three Thousand One Hundred Tventy-Five Dollars ($3,125.00), and any in- <br />terest thereon due and payable on f.Ihw+hn // , 1988• <br />Charges in connection with this Nate made by Commercial Credit hereunder x-111 be <br />computed monthly and obeli be added to the indebtedness of Customer hereunder on the <br />first business day of the foilo~dag month. Upon payment of such charges by Customer, <br />the amount thereof shall be deducted fray said indebtedness. Said charges sha11 be. <br />conputed upon the basis of toe amo.:nt of average daily cash advances outstanding dur- <br />ing such month hereunder, under an}° other agreement and otherwise, the charges to be <br />detersined be applcing against suct; combined average daily cash advances outstanding <br />the proper percentage shek-a beloc, depending upon the amount of such combined average <br />dads cash advances outstanding during such month: <br />Tee Loan Average Daily Gash <br />Advances Outstanding During <br />The Month Rate Per Day <br />.040282 <br />lf, subsequent tc the date hereof, the published prime rate of interest armouaced bq <br />the ma,;ority of the five (5; leading Nec York City hanks, vhlch currently is 11.002, <br />be increased or decreased, the charges set forth above shall be similarly increased <br />oz 3ecreased, as of the f_rst day of the month felloving ary such change, by an <br />amount equal to the amount of such change in such prime rate. Hevever, the above <br />charges shall not be changed for any changes in such published prime rate Delon <br />4.00. <br />trio indebtedness evidenced b}~ this Note is secured by, among other things, <br />/1/~ ;~tfl~`L /r/JAC~i ~ecuted sad delivered by Undersigned to Commercial <br />Credit, dated event. here~~.-i±t~h rcuovering the therein described real property of <br />Undersigned Located in i+.~ f!'Kra/.~f ~.i1,./ a/T <br />sad by a continuing security inters Lgraated by Undersigned to Commercial Credit in <br />all of Nndersigaed's accounts, inventory and equipment. <br />2f Undersigned should fail La pay any amount due hereunder for a period of <br />Tnirtc (90) days or more, or if defaul*_ should occur under any agreements from <br />Endersigned to Cacrmerciai Credit, the entire unpaid amount hereof, at the option of <br />the holder hereof, aha:.1 immediately become due sad payable. If this Note is placed <br />with an attorney far collgctloa, then Undersigned agrees to pay reasonable attorney's <br />fees. <br /> <br />u <br /> <br /> <br />
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