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Form Hl7D No. 6237-Neb.
<br />(Sec. 312 Loan)
<br />(Revixd Aug. 1970)
<br />$~ ~~ PROMISSORY NOTE
<br />Project No. Co~aunity Development Agency Plam: Grand Island,
<br />Nebraska
<br />Loan Na: 31,1HN-0001126/26 Date: February 18, 1980
<br />= Oae Hundred Thousand And No/100 Dollars ($100,000.00)
<br />FOR VALUE RECEIVED, the undersigned jointly and severally premise(s) to pay to the order of the United Starts of
<br />Anserin {herein called the "Goerrameni'), acting by :na through the Secze•.ar}• of Housing and Urban Drxelopment, of his
<br />sucrosors, the sum of One Hundred Thousand rind No/100--------------------------------------
<br />Dollars, ($100,000.00 ), aad to pay interest on the unpaid Principal amount of this Nott from the date
<br />funrof, at the rate of Three per ceatum (3°la) per annum; until paid, Bnth the Principal and interest on this Note are payable on
<br />tht Fuse Dap v Ea8t ASaat3s in 2b0 moathle instaila:eats, including both principal and interest, commencing
<br />w•iih a payt>#at of 3 b63, 29 °A April 1 r980 ~. and nF S 555 .00 > the Fust
<br />Day of F~ch Maath for the ztmaininz 334 months, cotttmenc g on play l , ;9 $0 ,
<br />s hwfu! asonep of ttu United States a: the pzinapal oifite of Conservaf ive pion.gage CampaIIy
<br />is hinneapoiis, plinne56t& .r at tacit other piacti as shah be drsigrurcd by nc~ Governtatat.
<br />7•he undtrsigntd reseree(s) the right to pupae at any time all ar any par[ of the principal amount of this Note without
<br />the paprtsrru of prna;ties err pzemicmz. Ail parmcais nn this \otc shall he apFlicd first to the interest due as Note, attd then
<br />to the ptinapal due oc rhr Neu, aad rhr rcmaiaing balance shat! be apF3ird to late charges if any, E:ttpr as provided below,
<br />all moazbiy iasuiiuient Faymeau oa this \nte shall be rrediud as of rhr due date thereof without adjustment of interest becattu
<br />paid risbez b~orr or after such due dos.
<br />33~ E3''~T the undersigned shall tail t.~ par rhr irtereu nn or principal amount of this Note when due, and :F
<br />sorb failure be subststing an t!~r dale the nest installment payment under this Note becomes due and payable, the unpaid
<br />principal ama~t of this bate, togrhez w-i:.h actnaeu inuzrst :nd latt charges, shalt brcnmt due aad payable, at the option of
<br />the tioctznmtui, rirhnut notice ra the undersigned. Failure at rhr Government to ezcuise such option shall not coastirute a
<br />w•aivrr td suds default. Nn dcfa>;lt shall rust by rrasou of aflaraymeat of nay requized installment of principal and intvest so
<br />;ang u xbr arnottox raf the apt.: a>1 Fttpaymrnrs a;readp made purxuanr heretn equals or ezcerds the amount of the required
<br />invatiratsts. If the inrrzrir oa, and rrincipzl af, this Noie are not Faid during the calendar month which includes rhr due
<br />Batt, the nndmtgoed stun pay to rhr a,,av~eremtnt a late charge off+ ~o per :-kndar month, or fraction tbrrcoi, nn rhr amount
<br />--~pasi-doe sad aeasaiaiag nnpsid_l: ;his Nnu bt rrdu,ed to iudgmrnt, such judgmrnt should bear the statutory interest rate as
<br />jndgtorau, bat ttx m eartrd 59F per annum.
<br />~ snit it inxtitucd by tare Got•trnmeat xa rKOVU oa thin NMa the undttzigaed sgcec(s) to pay all costs of such mllectian
<br />w. .intiudmg zcasanab7r attataeys ftts and court cosa_
<br />33.155 Nt:)]'E is sa-uxd by areal estate tt~rtgage ,duly filed Foz retard is
<br />Y1te 0£fce of the Hall County Register of 13eeds
<br />SSB]LAN59, protest aad notice a# dtmaad aad pmtrst axe hrxeby waved, xnd the uadersiRaid harby ws;.cs, to the catmt
<br />sarhoriad hp hw, anv amt nil btsmcstead and atha uemptioa rights which tithtrw•isr wi aid apply to tht debt evidwcrd by
<br />chit Nave
<br />y'V HESS SrIiFS£OF, xitis lion hat been duly rsrcutvd by the undrrsigrxd, az ai its dart.
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