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-- Fofm HUD Na. 6237-Neb. {Sec. 372 tone} Se iedule ,rAn (Revised Aug. 1970) ~0-- ~~ PROMISSORY NOTE Frojerc Na. Coatmunitg Development Agencg place Grand Island, Nebraska loan No.: 3I/H1l-0001/25/1 Date: November 1, 1979 $ Four Tittwsand, Three Htmdred And No/100 Dollars ($4,300.00) FOIL VALUE RECEIVED, the mdersigae3 joioik sad severally prosise(s) to pay m the order of the United States of Ammiw (herein called the "Goseranxni"), acting by sad thcougb the Secretary of Housing and Urtsaa Devdopmmt, ar his suczxaors.thesum of Four Thousand, Three Hundred And No/100------------------------------ Da'4ars, ( $1's, 3t3t}. (1fl ), sad m pay interest on the uapud principal amamt of this Note from the date lstseaf, at ttx ate of Thm per ceatam (396} per amum, until paid. ]3otis the principal sad iaterat oa this Note ue payable on tM Fi-st l3ay of Fads %oath is 2:sf) monihlp itutallmmts, ;arludiag both principal sad interest, mtnmmciag with a pagtext nE 3 23.87 oa December 1, 7979 ,and of 3 23.8? , dse Fiat Day of FacE h(tsnth f~ the remaining 239 mastlu, commmciag on January 1 19 80 . __~ :_~ ~_ t~ r'~ ~~ gt ~ nrar~ 1 of1"ue of t`.anserVative ~itzrtgage ComDang in ldianeapolis, Mi~tesota or at such other places as shalt be design:tea by the Go.ernmmi 2Le oadersigacd scscrve(s) the rig6x m prepay at any time all or any part of the principal amount of this Noie without ttx payment of penalTia ox preminass. 11.71 payments as this Note shall i# applied fiat to the interest due m Note, and Then to she pmt due tat the Note, and zhe rens~ baiaatt shad Ix applied to late charges if any. Except u provided btlow, all moffihly iostallmeat lnyusmts as this Nate shall be credited as of rise due date Wcreaf without adjastvsmt of intezesi becaux paid at6e hefine ar after sorb dae date. IlY 3H£ EYEidY N.x ~dtxsigacd shall fat? to pay the interest on or principal smouat of this Note when due, and :f sac6 rat7use tae snhad;ssing as the date the ae:t i~~*+t±..,..,. paym.at under xhis NMe lxrnmrs due and piythk, the unpaid gainngnl nmomt of this Note, together with acaned interest and late chuges, shalt became due and payahlq at rte option of s8e Goaaaa>e~ riihoni notice m the uadezsigtsed. Failure of tae Govcrnmmt to eaercix such option stet! not cnnsLtete a araiiser of sum dehutt 23o ddaah shelf eeist by reason a# ao~a,^ayrnmt of nay required iasWttnmt of printipat sad interest sa keeg as tta: aaomi of ttx optiaril ptrpayma+ts already made pursu:at hereto equals or ezcreds the amount ~' rbe tegnfsed imaltmmts. tf the intent on, sad prixipd af, tints Note are not paid during ihr aimdar ttwntls whit3r iadndes the due dam the shaf3 pay m the Goveeamtmi a Lx Burge a(4 96 per calendar matt„ u fnctian thereof. as the amount gut due sqd rsm>ising tsts}+aid, tf sbss ;late be reduced m jtrdgmeat. such in.;bment shauld bur the statutory iatgest rate as tsnt not to s~ 596 pa atmom. Ill >~ is iaYitateZ bl the Gorvamest to rernves on this Note, the uadersiansd agree(s) ro pay aU tests of such cotleclioa iadudia~ rrawss>Llt atmrons' ~ sad cosn4 emu. 741 NOTE is settxad by areal estate mortgage , duty filed for record in "tire Ha1i C,tsttatg t;egister art Deeds Office, grand Island, Nebraskan ~ ptttaar nsd notice of dtzesod and pzoiert are lsrreby waived, astd the undetsigoad hereby waires, 6o ttrat ea3ent sad by tar, aaq sad aH haaesiead and outer eaemptiaa rights which othersisa wtwtd apply ro the deist evidmced by IId ~1171Ttt555 >iItF3L~P, this Rote has htxa duty eaeesttod by the undersigned, as ~ its date. J