|
Foim }IUL} No. C237•Ne6.
<br />(~ec~ 312 Loot)
<br />(~te~vised Augl a9~oq
<br />~ ~~~" ~ ~ PROMISSORY NOTE
<br />and
<br />t>tnmtmit Development Agency Place: Grand Isl ,
<br />Pro ect No C
<br />y
<br />Loan A*o.: 31 /HN-0001) 2 5 / 1
<br />3 Four Thousand, Three Hundred and No/100 Dollars ($4,300.00)
<br />' FOR VALUE RECEIVED, the undersigned jointly and severally promise(s) to paq to the order of the United States of
<br />America (herein called the "Government'), acting by and through the Secretary of Housing and Urban Development, or his
<br />~uccessars, the sum of Four Thousand, Three Htandred and No/100-------------------------'^'-
<br />Dollars, ( $4,300.00 ), and to pay interest on the unpaid principal amount of this Note from the date
<br />hereof, at the rate of Three per centum (3%) per annum, until paid. Hoch the Principal and interest on this Note are payable on
<br />the First Day of Each Month in 2G0 monthly installments, including both principat and interest, commenting _
<br />with a payment of $ 23.87 on Deceatber 1, 1979 ,and of ~ 23.$7 ,the First
<br />Day of Each :Month for the remaining 239 months, commencing on January 1, I9 80 .
<br />in lawful montp of the United States at the principal office of CoriservatiVe Mortgage Cotlpaup
<br />- - in Minneapolis, Minnesota or at such other places as shall be designated by the Govunmsnt. -
<br />The undersigned reserve(s) the right to prepay at eay time ail or any part of the principat amoun4 of this :Iota erithonL - - -
<br />the payment of penalties or premiums. All gayments on this Note shall be applied Eirst to the interest due oa Note, and then -
<br />to the principal due an the Note, and the remaining balance shalt be applied to late charges if any. Except as provided below,
<br />all monthly insiallmen*_ payments on this Note shelf be credited as of the due date thereof without adjustment of interest becaux
<br />'~ s ch due date. - -
<br />paid either before or after u
<br />~-• ~ IN THE EVENT the undersigned shad fail to gay the interest on oz principal amount of this Note when due, and if
<br />- ', such failure be subsisting on the date the next_ installment payment under this Note becomes due and payabfq the unpaid
<br />principal amount aE this Note, together with accrued interest and late charges, shall become due and payable, at the option of -
<br />We Governmenf, without notice to the undersigned. Failure of the Government to exercise such option shall not tonstftute a
<br />waiver of such default. No default shall exist by reason of nonpayment of any required installment of principal and interest so
<br />long.es the amount of the optional prepayments already made pursuant hereto equals or exceeds tht amount of the required
<br />installments. If the internt on, artd principal of, this Note are not paid during the calendar month which includts the due
<br />date,•the undersigned shall pay to the Govrmmeni a late charge of4 % per calendar month, or fraction thereof, on the amount
<br />past' due and remaining unpaid. 1f this Note be reduced to judgment, such judgment should bear the statutory interest rate on
<br />- ,Judgments,-but trot to exretd 6%a per annum. ,
<br />IF suit is inatituted by tltt Govunment to recover oa this Nott, the undersigned agree(s) to pay all costs of such :oltectiop - -
<br />' - indudiag reaaonabie ettomeys` fees and court costs.
<br />,TI•IIS ~ID'i_~ is :ccurccl 6y a Rs~i ~gtate Moxt$8)~e . de:ly filed f~ rectsrd in
<br />i_- r!the Heli_County,Register of Deeds' Office, Grand Island, Nebraska".
<br />- _ _~'_ - __ -CiA11d'AND_ _protest s~sd no_ic_e of_dtxnand _and protest _ ue hereby watved, and the undersigned hereby waives, to tht txtent -
<br />aulhOrited -by- law, ant and alt hamMtrad and other exemption rights which otherwise would apply to the deb! e¢idenced -by -
<br />this Note.
<br />,. !N WITNESS WHEREOF, this Note has been duly executed by the undersigned, as of its date. '
<br />~~
<br />{~ ~.
<br />Date. November 1, 1979
<br />Nebraska
<br />t~
<br />L. '
<br />
<br />
<br />
<br />
|