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Form HUD No. 6237-Nab,
<br />($ec.312 Loan)
<br />' (Revised Aug. 14?0)
<br />t • ~°.
<br />PR~~AiS5OKY NOTE
<br />Project No. Coomarnity Development Agency Place: Grand Island
<br />Loan No.: 31-HN-0001-24-1
<br />Date: October 23, 1979
<br />E Three Thousand, Four Hundred and No/l0U Dollars ($3,400.00)
<br />Nebraska
<br />' FOR VALUE RECEIVED, the undersigned jointly and severally promise(s) to pay 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 />successors, the sum of Three Thousand, Four Hundred and No/100-----------------------------
<br />Dollars, ( $3,400.00 ), and to pay interest on the unpaid principal amount of this Note from the date
<br />hereof, at the rate of Three per «ntum (3%) per annum, until paid. Both the Principal and interest on this Note are payable on
<br />_ the First Day of Each Month in 240 monthly installments, including both principal and interest, commencing
<br />with a payment of $ 21.14 on December I, 19 79 ,and of 3 18.87 ,the First
<br />t Day of Euch Month for the remaining 239 montbs, commencing on January 1, 14 80 ,
<br />in lawful money of the United States at the principal office of Conservative Mortgage Company
<br />in Minneapolss, Minneststa or at such other playas as shall be designated by the Government.
<br />The undersigned reserve(s) the right to prepay at any time all or any part of the principal amount of this Note without
<br />_ the payment of urnaltits or premiums. All payments on this Note shall be applied first to the interest due on Nott, and thta
<br />to the principal due on the Nate, and the remaining balance shall Ee applied to late charges if any. Except as provided below,
<br />at3 .monthly installment payments on this Note shalt be credited as of tha due date thereof without adjustment of intttest because
<br />paid tither before or after such due date.
<br />~'~, IhT THE EVEI~*T the undersigned shalt fail to pay the interest on or pelt,-: ipal amount of this Note when due, and if
<br />stick faiiurt be subsisting on the date the next installment payment under this Note becomes due and payable, the unpaid
<br />~i principal amount of thjs Note, together with accrued interest and late charges, shall become due and payable, at the option of
<br />thy' Government, wikhsaut notice to the undersigned. Failure of the Government to exercise such option shall not constitute a
<br />waive of sucA default. No default shall ezist by reason of nonpay~s:ent of any required installment of prindpai and interest so
<br />" long as the amount of the optional prepayments already made pursuant hereto equals or exceeds the amounk of the requiztd
<br />installments. If the interest an, and principal o#, this No[e are not paid during the calendar month which includes the due
<br />date, the undersigned shall pay to the Goveramtat a late charge nf4 °/a pet calendar month, or fraction th¢ttof, on the ataount
<br />past due and remsining unpaid. If this Note be reduced to judgment, such judgment should bear the statutory interest rate ors
<br />-- judgment,, but no[ to exceed 65ra Rer annum.
<br />- IP suit is. iaatitutrd try the Government m cecover on this Note, the undersigned agree(s) to pay alt costs of sorb ctrltection
<br />including eeasoaabtt attorneys` Etas and c-taurt rosts.
<br />THIS No1'S is sreured by g r~l aerate mortgage ,duly Filed for record itt
<br />_~tthe Hall G(-tll'kty- Register of I)eed~ Office, Grand lsland, Nebraskar'.
<br />DEMAND, prokesk and noti« of demand and protest art hereby waived, and the undersig_aed hereby waives, to the extent
<br />ttsrtlsuFizcd ~ lave, -nag sad ati fsomestead and o€hcr exemption rights which otheru°isr wraid app3y Eo the dtbk rvidtnrtd by
<br />- ~ -ibis- Notr. -
<br />IN WITNESS ~+HEREOF, this Note has been duly executed by the undersigned, as of its date.
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