81003509 - Laserfiche WebLink

Browse

~l-4~t}35~J{j Exhibit "A" Note payable eighteen (18} years .from date of Note, with interest at the rate of sixteen percent (168} per annum, and installments, includ- ing} principal and interest, each in the amount of $2,520.96 payable monthly, beginning one (1} month from date of Note, and the balance of principal and interest payable eighteen (18} years from date of Note; with-the further provision that each said installment shall be applied first to interest accrued to the date of receipt of said in- stallment, and the balance, if any, to the principal. Undersigned further agrees that, upon the expiration of a full six (6) tenth period subsequent to the date hereof, thes~'~y~c~a~nterest here- in shall increase or decrease in the amount of/two percent (28) per year equal to the changes in the interest rate to which the rate in this Note is gagged, First National Bank of Grand Island prime, and the chance in the rate o£ interest herein shall be determined and be- come effective upon the first day following the expiration o£-e`a~c~a---~~ subsequent six {6) month period. the contractual interest rate para- meters will establish a ceiling of twenty percent (208) and a minimum rate of twelve percent (128). Holder shall give written notice to the undersigned of each increase or decrease in the interest rate .within thirty (30) days prior the effective date of the change. U k_..