Laserfiche WebLink
<br />'+ <br /> <br />.' <br /> <br />200903325 <br /> <br />14. Definitions. For purposes of this Promissory Note, the following words and <br />phrases shall have the following meanings: <br /> <br />14.1 "Change Date" shall mean every twelfth (i.e. the twelfth, twenty-fourth, <br />thirty-sixth, and so on) Monthly Due Date after the date hereof. <br /> <br />14.2 "Maturitv Date" shall mean the Monthly Due Date of the 120th calendar <br />month following the date hereof. <br /> <br />14.3 "Monthly Due Date" shall mean the 30th day in each month, beginning <br />with the first calendar month following the date hereof. However, if such date is later in <br />a month than the 28th day ofthe month, then the Monthly Due Date for February shall be <br />the 28th day of February. Further, if such date is the 31st day of a month, then the <br />Monthly Due Date shall fall on the 30th day in those months having only 30 days. <br /> <br />14.4 "Variable Interest Rate" shall mean that rate of interest, per annum, <br />determined for each Change Date by Lender, adding up to (as it determines) two <br />percentage points to Lender's Cost of Funds. Lender's Cost of Funds is the weighted <br />average annual rate of interest, determined by Lender on a date selected by it, based upon <br />the interest and other costs payable on or with respect to such of its outstanding <br />investment and other obligations as shall be determined by Lender pursuant to Lender's <br />lending procedures as in effect from time to time. <br /> <br />IN WITNESS WHEREOF, the Borrower has executed this Promissory Note as of the <br />date first above stated. <br /> <br />PEACE LUTHERAN CHURCH OF GRAND ISLAND, <br />NEBRASKA <br /> <br /> <br />6 <br />