HomeMy WebLinkAbout2878 + . .
EXHIBIT "B"
- NOTE
Date of Note: NOVEMBER 2 8, 19 7 2
Amowit of the Note: $2 ,135, 000 . 00
Dlaturity llatc: NOVEMBER 28, 1976
Interest Ratc: The prime interest rate (as herein
defined) as presently and from time to time here-
after established by The Chase Manhattan Bank, N.A.
("Bank") glus Four and three-fourths per cent (4-3/4$)
per annum, payable monthly; any changes in the interest
rate due to a change in the prime interest rate as
aforesaid shall be made on the first day of the first month
~following the change. As used in this Note, priine interest
rate means the interest rate from tir.?e to time charged by
said Bank for short term commercial -loans to its most credit-
worthy customers: ~
i
; Interest at the liiterest Rate shall be c~?Iculated on the basis of a 3G0-day
E ycar and paid for all days un which the Principal Amount (as herein
i .
~ , defined) or an~~ part thereof is outstanding.
~ FOR VALtiE IiECE1VED, tl~~= u~idersibn~~ (";~Iak~r" jointly and sever-
~
3 ally if morc th:~n onc, promi~~( s) to pay t~~ the order of
Gordon A. Taylor, Churchill G. Carey, Eugene L. Amber,
~ J. C. ~yler, Jr., John D. Uible and John H. Rogers,
~ ~
not individually, but as Trustces of Guardian b4ortgage Im~estors, a l~iassa-
~ chusctts Busi,icss Trust under Declaration of Trust dated Marcl~ 29,
~ 1966, as amended, and their respective successor Trustces under said Dec-
~ laraUon of Trust ( in thc e~-ent of death, resignation or removal of any
`y Trust~e hercin nained, or the failure of an~• Trustee to Ue reelected, any
.
~a such Trustee shall automaiic::lly bc divesled of his interest herein, and the
'V~ remaining Trustces 4nd an~~ ne~~~h~ elected or appointed Trustee or Trustees
3
E acting at the ti~ne siiall lx: tl~e ~ole o~~~ners and payees of this Note) (col-
~ lectively "i'ayee"), ~r-ith po«-er to protect, manage, sell, deal t~-ith, transfer,
~ endorse ~vith ur ~~~ithout rc~ourse, ~nodif~•, extend, consolidate, subordinate,
~ coordinate and spread ~cith any other note, negotiate, collect, discharge,
~ accelerate, enforce and/or, «~ithout Ueing li~nited by any of the foregoin~,
~ dcal ~rith in any manner this \~tc, thc oblibations represcnted hereUy, and
cxercise any ?igl,t or optiou l'(i1iI:1111CC~ ltl this 1ote, on the l~iawi-ity llate
~ at the officc of Charter Acl~•isory Compan~~, 47 «'est Forsyth Street, Jack-
~
~
~
~ q~~r
~ F .~i1lc PAt~ ~.L~ ~ ~
: ~ - - r~
~ ~ ~ - I~~ ~ < ~
W
"~,e;.,~~' Tr,,,~G "
. ~ a~~.,~~~~~t:~ ~ ~ . < _ . . ^ _,_m'4,"~,