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<br />Form HUD No. '6237-Neb.
<br />(Sec. 312 Loaa) ~ Schedule "A"
<br />(Revised Aug. 1970)
<br />8~r ~~23~ PROMISSORY NOTE
<br />Project No. Cottemtinity Development Agency Place: Grand Island, Nebraslta
<br />Loin P7o.: 31lHN-000112311 mate: November 1, 1979
<br />t Six thousand, three hundred and No/100 Dollars ($6,300.00)
<br />gpR V/II.UE REt~SYED, the undersigted jointly and sevcsally promise(s) to pay to the order of the United States of
<br />Aserin (herein caned the "Govezttmtnt"), acting by and through the Secretary of Housing and Utbaa Development, or his
<br />sa=crswrs. riu ma of Six Thousand, Three Htmdred And No/100------------------------------
<br />Dollais, ( $6,3D0.00 ). and to Pay zaterest on the unpaid principal amount of this Note from the date
<br />hereof, ai the me of 'Three pet centum (34'0) per annum, until paid. Both the Prinripil and interest m this Note are payable Ott
<br />tix Fusi L1aT ~ Each pf~g, is 240 monthly installments, including both principal and interest, commencing
<br />with a payment of S 34.97 , on Decetaber 1 t9 79 ,and of S 34.97 ,the First
<br />Shp td Each btaarh for the remaining 239 months, eommeotveg on ,7an:tery 1 . 19 80 .
<br />is hwfd tooney ~ the United States ac the griacipal affire of CGnservative Mortgage t:ompany
<br />in Kimtespolis, Pfitittesota • ar at such other pLces as dull be designated by the Govettemeat
<br />The updaxigaed tesetat(s) the risltt to ptepap at nay time all ar any part of the principal amouet of this Note without
<br />the gapmcai o{ peaaltfes or pttrai,.^~ Ail papmeau as this Soto shall be applied fint to the interest due an Note, and then
<br />to the pav+cipal due om the Note, and the :*mg batancx shall be applied to late chuges if nay. Except as provided below,
<br />stl sao6dtty ittstalimeat payments on this Note sfaal! be credited as of the due dote thereof without adjustment of interest btayux
<br />paid et3ber blaze ar a£~ sorb due date.
<br />IN THE EYf3r'T' the nadersigaed shell fail m pay the interest oa or prinapal amount of this Note when doe, aMi if
<br />sorb failsae be mbstslirit as the date the neat itsstalhaeat p:yratat under this Note becomes due and payable. the unpaid
<br />pxintipti aaaomt of 'this Note, to,~het with accraed imemt sad )zst rha:gts, shall become due and payabiq st Hte o+tian of
<br />ahc ,~ wItltout aotite m the undcrs.ped. Failure of the Government to ezercise such apdon shall not rnnuiiute a
<br />~aiscr of sndt defanit No default shall exist by season of mmpapatent of any required irumllment of grin^ipal and ioterexi so
<br />inWli as tQae amount of the optioaaf prepaymmh already ,node pursuant bcreta equals at exceeds the amount of the tetptired
<br />immallments if the iatesest on, sod paiacipa! of, this Noir ate not paid duria; the calendar month which iadudes the don
<br />date, dx ~ aisall puy m she foveznatettt : lair cLstse a(4 94 Pg ralendaz month, ar fnctioa thereof, as the amount
<br />past dx sad s empaid. ff this Not: be redaced to jetdameat, snob judgment shauid bear the statutory interest me va
<br />ynd,;meffis, htrt sY# to sscsrd b9'e P~ aaarun.
<br />iP snit i3 iastieutad by the S"iaonttmcst &t rewvcr an this Note, the utedrssigned agree(s) m pal all cosh of anch eollectioa
<br />iatt seaaonsWs atm®rys fen and rontt casts.
<br />'igi15 3Q01E is aecared by Real Estate Mortgage , daly filed for record in
<br />">:4te Ball County Register a£'Deeds flf€ice, Grand Island, Nebraska"
<br />~, pa~u sad antler of deta:md artd grates! art iseteLy waived, and tk~ undersl,~nni hereby aaivrs, to the extent
<br />aa@wtiasi '~ law, nay sad ail }tomeserad sad ot#rcr rccmpziaa rilt~ which otherwise trould apply to the debt erideaced by
<br />t3tie 34aae.
<br />~~ R*i ~ ~F, this Note Sus been duly exx.-iaaed by the nndctssgncd, xs of its date.
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