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Form HUD No.15237•Neb. (Sec. 312 Loaa) Schedule "A" (Revised Aug. 1970) ~O! +QE~3~ PROMISSORY- NOTE pp~ ~ Ctta~tmity Development Agency place: Grand Island Nebrasita i.oan No.: 31/HN-0001/24/1 Date: October 23, 1979 S Three 141ottsand, Four Hundred and No1100 Dollars ----------($3,400.00) FOR VALUE RELIVED, the uadersigstrd totally and severally promise(s) to pay to tlx order of the Uniud Stales of Amcin {herein called the "Govtrnmeai'), :cling by and t4zaugh the Secrete; of Housing aad Urban Decelopment, oz his satcmo:s.~sum of Three Thousand, Four Hundred and Nof100------------------------------ Dotlas. ( $3,4jj0,0t) ), and to pay iatttm on the unpaid princpal stAOUnt of this Nou from the date hetenf. a! the sate of T7tree per ceatnm {33faj per annum, aatil paid. Both the Principal and intemt on this Note axe payable o0 the First Dal of Each ilonth in 240 monthly instilJmmts, including both priacipil and interest tnmmeodag a paytaeat of 3 21.14 . an Dectnaber 1 19 79 , sad of S 18.87 ,the First n>z ~ 4ior for xmaiaiaa 239 moAths, C»tamM-ing on 7anuary 1 ,1480 is hwfai somey of the United Sous at the principal office of Conservative Mortgage Company is ISipneapOlis, Ml'AIIeaotB or at such other places as shall be designated by the Government '!be m,dmsigned reserve{s) the right to prepay at any time a!1 or soy part t+f the principal amount of this Nate writbout me payaeat of pesaities or patuaiams AH paya+eats an this N^u shall be applied first to the interest dne oa Note, a~ then m the principal ~ oa the None, and the mmainiag balance shelf br applied m tau durga if any. Except as pcocidtd befovr, alt '>~t mt~ papmenu oa this Nou shall be credited as of Llu dtu dau tbe:cof..tit}wat adjostmen! of interest hmtne P~ rit5er 6efeae oa after sstr3 doe dau. TN THE E'V;TiS the undrzsigned shill fail m pny the interest oa or priocipal amount of this Note vrben d»r; ate !€ saw fadlme be ss~ng ea the dart Ott ata'.t installment payment under this Noce become dae and payable, the oapaid priotipat aaaooyt of this Nair, together vmh-acaaed interest an3 lau charges, shall become due and payable, at tlx aptMn of drc GOr~C vritbaai notice to tfie uadc~signed. Fsilate of the Govers+maat to ezetsise stxh optiaa shall not oaostitaee a vtaiver od ss4'h dtfanlt 1Vo ddana snail cost isy trasnn of aaatvpmmt of arty rrquired iostallmeat ai ptiodpil and inttrast ao long ss ibe aaa7eed of the opaomal ptepaymems ilr<ad7 made pntsuant herdo equals Or txcteds the amount of the regnited iaasTSf3mtats. )~ rbe ia4vest aM1 sad ptiacgtal af. l31ts NOU atr eat pad daitng !!x calendar month vrhicb taclada the d+te 'da1C the mdetf~nad si5ali pa! to tJtr Gnvetamcat a ittr dtlrge of ~ ~. per caieadar ma0-tb, Or fticlian t1faROfs 06 the aIIga$t past amt • iF This Ntsre be sedated m lndsmmL sib iadgmeat sJtould best the statutory snLdtat rate m >. lent aot to eccoed 59i, pa anaam. fP saw is iastisated by the Govesamra to r!(aovet oa this Nou, the aadrrsignsd agree(s) M ~y it costs of sacb coUatian i tasaowlde armmsys' fees and court costs. 4835 N03E is aerated by areal estate anrtgage . daty filed for retmd in "Tlte ,fall pmnty Berister tri peels tYifice, Grand Island, Nebraska:: _ -~ 3~f$3tID pa+ntest sad aatia of dtanamt sad pantdt ax hereby waived, asd 8x nodrzsigord Irax6y wairn, to the extent - a7cl~aQaea bF ~, soy sad x31 homecud snd offer es rights vrhidt attmniX world apply to the debt evidenced 67 the I+IiOtL•. SN ; ffi» I3lte has been daJy easxattd by the uadezssgata. u of its daft. .rw. a J