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i~~+t ~~ Form HUD No. 6237•Neb. ~' ~ Qom. ~~ ~ ~, ~~ /~ (Sec. 312 Loan) , (Revised Aug. 1470) ~~ ~1(~8 PROMISSORY NOTE Project No. C~ttmtmity Development Agency place; GRAND ISLAND, Nebraska 31-$ILN-0001/2$120 Date; FEHRUARY 1$, 14$0 Lean No f Fprty-four Thousand and Fifty and No/100 Dollars ($44,050} FOR VALUE RECEIVED, the uadasigaed jointlp and severalip promise(s) to pap to the order of the United States of Ametiu {herrin talitd ffie "Governmmi'), actfog by aad through the Secretary of Housing aad Lttban Dtveloptttea4 of stzcressors. t6t sum of Forty-Poet Thousand and Fifty and No 100----------- Dnilars, ($46,0$0.00 ), and to pay interest on the unpaid principal amount of this Note from dtt date hereof, at the talc of Three pet csatttm (35b) pet aanarm, 'taut paid. Both the Printipai and ioterest on this Ncte are payable on the First Dap of Eseh Month is 260 monthly is allmmts, including both principal and interne, mmmentiaa rth a F~Yateat of S 242.18 on April 1, 14 80 ,aad of 3 244.4$ ,the Fite Day of Eaxb ltfoa~ for the remaining 234 mtmths, mtammcing on May 1, 1480 , is ;nrfti moaeq of the Uttited sores at the principal offitt of C1.'ASerVBtiVe Mortgage Company is M1nnEapoilS, jrinrfeSOta ar n ~w v. ~ pints as X11 y. aasigs3led by the Gnvetameat 'Ibe eadhsigntd ttsexre(s) tht right ro prgap at nay time all oe nap part ai the priacipa! ataouat of this Nota without the paptramt of prnaliies or premiums. Ail papmmu an Lids NMt sha11 be ^pplicd fitsi to the iat:rrst due an Note, aad rhea m the priadpal due oa the Nate, sad the retasining halaare shall be applied to late charges if any. Exttpt as pcovfded below, elf moatbHp insmlimmt paytaenu on this Vote shall be ~ trrdited as of the due date thtttof without adjustment o! interest bednse Arid either before or after salt dae a '~. ~ TFfE EVFS~? tn; nttdtrsigaed shall fail ra pap ~dte intertxi as er priaapal aarouat of this Nort when due, aad if sods fiilare be subaisaang as z,at c date the next tasuliment paymm• Hader this Vote becomes due and papahley the unpaid Pn~'lnl amoum of ;his Date, together with uttned iniertsl and late chuges, shall become due aad payable, at the option of t~ t>arrraaaatt, arithooi Mice to the undcrsigaed. Failure ai t!x Goccramcnt to exezase such aprion shall tact tonstiNte a wailer of lath defauk. Nn drfaul2 shall rust by teasers of nnapayttamt of am rrquired insulltomt of principal aad lateral so ;amp u t3K :motmt of the optional prepaymws already tmdc pvrzuant hercta equals ar exceeds the ameuni of rite required imuilmeotz H the iatetest ou aad principal of, this Nate ue tx+t paid during thr ntmdar month which iactudea the due dxu, the u shall pal tq dae Gncaxtmemt a latt Burge off+ ' e per calendu month, or fraction thereof, on the aatount P~ due and remaiaiab amp4id, ]f this :gale be redutevl to judgment, such judgztent should brat tht statutory iatemt me on jaadlptr~y ;but am M esxeed 59G pet lecture IF stair u fasitated ~ the Goveraau'a2 ttt tetavcr on this Note the undersigned spree(s) to pay all rnsts of such roilectfon ita3adix~ suaae:ble atsalmc7s' fees and cc>in ~t>- THIS 2~'(33'fE is secured by a real estate mortgage ,duty filed fo: retard in 4HE t3FFIC8 t7P' '7SE HALL Cit1iN1'f' RECiSTER QF DEEDS l~ frcaatal aad entice of dtrrsad aad prates[ arc herthc m-tivcd, aad Elx uadusigatd hrnby waiaes. to the cztmt awed i+! taw, aa# sad all hn.~rad asd ether exeraptioa rig{tri which othtsrise would apply to the dchl atidmrtd by '*ie~. IDi ~I1T+i~S ~tfSItEOP, xlsis Nate has brxaa dah~ rttetuxtd hp for uadcrsigsxd.. as of its date.