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MORTGAGE NOTE
INSTALLMENT rOTE
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$ 43~ 000.00 L1r`.~ ~ , 19 66 :
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FOR VALUE RECEIVED, the undersigned hereby p mise(s) to pay to AMERICAN
AOSPITAL SUPPLY CORPORATION, or order, the principal sum of Forty Three Thousand °
Dollars _
43 Q00.00 including add-on interest for seven years in the
. Sum o~. Fiftppn Thousand and fiftv Dallers '
, ~ ($15_p~p ) , in installments as folloWSC- - ~
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~ . $,~Al_OZ on the ^],St day of l lc' ~ , 1g 66 ~
. nnd a like sum on the ! day of each and
every month therea£ter to. nd including 1~~y of -
. , 19~~ with a nal installment of
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$~91_07 n the lst day of , 19~ ~ ~
the final maturity hereof. ~ ~ .
. The undersigned promise(s) to pay interest on any unpaid monthly install-
ment, whether by acceleration of maturit o otherK e, from and a t r ten (10) days
after the same is due and payable, at tt~~~~e off~~~~er cent (~°per annum, but
; if that is in excess of the legal rate, then and in that event, at the highest legal
~ rate, until paid.
Payments shall be made in lawful money of the United States af America at
~ the principal office of the above named payee, 1740 Ridge-Avenue, Evanston, Illinois
60201, or at such other place as the holder hereof shall have designated to the un-
dersigned in writing.
This Installment Note is secured by a Second Real Estate Mort~a~e
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~ of even date herewith.
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~ In the event that (1) default for a period of ten (10) days shall be made
l in the payment of any installment of this Note, or (2) default shall occur in the
,t psyment of any evidencs or evidences of inaeb[edpess for borrowed money issued or
assumed by the undersigned at the stated or accelerated maturit_y thereof, or (3) a
truatee or receiver is appointed for the undersigned or for the major portion of
their property and is not discharged within thirty (30) days after such appointment,
or (4) the undersigned become(s) in~olvent or bankrupt or admit(s) his or their in-
ability to pay his or their debts as they mature or make(s) an assignment for the
benefit of creditors or applies or appty for or consent(s) to the appointrnent of a
trustee or receiver for the undersignsd or for the major portion of his or their
property, or (S} bankruptcy, reorganization, arrangement or liquidation proceadings
~ or other proceedings for relief under any bankruptcy or similar laW for the rclief
of debtors are instituted by or against the un~ersigned, and if instituted against
the undersigned are allowed or are consented to or are not dismissed within thirty
(30) days after such instttution, then ehe holder of this Installment Kote may by
notice tn writing sent Uy Certified Mail ta ~iie upde~signed, dectare att oE the in-
~ &tallmentr~ of thts Installment Note to be imnediately due ancl pa~~able~ an~l there-
,
upon all of R~~id installments shatl b~:come and be due and payahle tn.r?~aiaceiy.
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