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so-- oa4ss~ the foregoing, at all times after the Maturity Date or iri ;he event of a default in the payment of interest or principal, at the highest rate then permitted by the laws of the State of Nebraska. Interest shall be payable as follows: (a1 $53,333 on the data hereof; (b) $225,430 on February 1, 1981; (c1 $166,540 on February 1, 1982; (d) $88,030 on February 1, 1983; and (el thereafter on account of the period from January 1, 1984 until the Maturity Rate, monthly, in arrears, at the rate of $5,000 per month, commencing with a payment on February 1, 1984 on account of interest accrued for the period from January 1, 1984 through January 31, 1984. The • Principal Sum, together with all accrued and unpaid interes*_ thereon, shall be due and payable upon the Maturity Date. Notwithstanding anything to the contrary contained herein, at no time shall the interest payable be greater than the maximum then allowed by the usury laws of the State of Nebraska, If payment of any interest or charges is made by Grand and received by CM and such payment is in violation of such usury laws, the portion of such payment which exceeds the maximum allowable by or under any such usury laws shall not be deemed to he ,interest, but instead shall ba agplied in redaction of the °rincipai Sum. Notwithstanding anything to the contrary harem provided, Grand sl-,all be entitled, at its option, to Prepay the tote in whole or in gart at any time with- out premium or PaAalty, provided that at the time of any 2 U _.J l.._..