HomeMy WebLinkAbout0305 • Schedule "B"
i.~t)!~T(;:,:;i' T`t y•1•[; ~
$73~, ~ : , llC~ ' 11tl~~nt~~, Gc~oryia
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Decem~cr ~o, 1972
~ . l~ i::1 cT1C~ flitlc~lll:t. ~
On c~r !:c~fore June 1, 197~1, 1'OR VAI.UE 1t~:CEIVrD, the undcrsigned,
W11R1~~:'~i I:!cF:':~~:~i;i•: anc3 P:i':1:Y ANV I~:c~':1DDEN, his wife, promise to pay to
ihe orc:;•1 c>~ GRL':.~_' :~RIC~._~ i::ORTG ;G~: 1~:!ri.STORS, a~;assachusetts business
trusi, 1:+~ ~~rin~i~-.! :,:~:n of S?::'~.:: HUVD:;i'D '"HIRTY-E1Gi-1T T~iOtiSt1ND TWO
HUT~iD:;!:?:~ ;,E~IE::'~`. -.'I:~~L anci ~:0/100 ($73a, 279. 00) DOLL~~RS with interest from
the di~*^ i~;~reoi i::?'_t I?:~aturity at tl.e rate cietcrrmined ur.cl`r the for:::ula set
forth L:',~:•:. Intc:-c~t ~:•ill b~~ ~~Gyable in arre~.s for the precediiig mor.th on the
first d~y c~f eac~~ ~~Iz follo~-:ing the d~~te 1~ereof. 1111 principat and interest ~
shalt 1,~ ~,~yahle i_: '.~~cvfu! rr.v?~; y of ihe Lnited States at the office of the payee
at 2t350 Li;uit~bi:~ IS!:iiciing, ~ltlania, Georr,~~a, or at such bther place as may be
design~~t~~~~ by th^ }lotder of this Note. Demand may be made #or payment of -
interest r~ithout ma'•.ii:g demand for payment of principal.
2. Intcrest Rate.
The Note shall b~ar intere~t at the folto~•:ing rate: The \Tote t
shall bcur inte-est at a floating rate five (S~;) percent~gc points (hereinafter
referred to as the "Suread") a~?ave the highest rate of interest quoted by the
First Nat~o~al Cit~T L:~nk of Ne~v York to its hir,hest credit rated commerciat =
customcrs during t}~e ~„onth preceding the monthly period fo: which interest is '
~
to acccue. All ac3~~.::tzr.ents of th~ Spread shall be ma~e monthty and shatl be
made on th~ iirst ri~,~iness day of th` mon,h(y period for which interest is to ~
accnie. If the rate of interest charr,ed by the First IVationat City Bank of New
York to it~~ highe ;t c~~~cit rateci commercial customers is discontinued ~s a
stand~rd or i~eco:~.:.s u?-~~ scert~:i~:G~:le, th~ pay~e of tl~i~ ~Tote shall designate '
a compz:r~:ble r~:e-z:::~e rate and ir:~e;est shall Le at tn~ Spread ab~ve such
substitu:::ci r~fcrc~cc ra±e, 1111 interest, excluding prepaid interest, snaii be
cQmputcc: on a hnn~: b`sis (thc 4ctual numbcr of days principat amounts
disbursed hereunc~I' ilCB OlltStcl11Ci1I1C~, an~ a 360-day year). .
3. Prep~id Interest.
Not~:~it};sc:.~ndinc~ tha foregoing provisions as to interest, the
u!~dersic~n~~ci agr~~ ta ~~a~~ as pre~~~jid inte;, st, and in ac',dition to atl other
intcrest h~~r~in~~,:~z~t~ ~:~;rced to p: id, thc foilo~ving: The fixed sum of
SEU~~ 1'i;OUS:~1:D 'i';'i:i;~ HUN7~:~D ~IGjIT~-T;"!O ancl 79%]00 $7,3II2.79)
' DULLIIR; oi~ or b~~:o:c ire Late of c?etivery of this Notc.
9. J1cl~:iti~r~:1 T'i::c~i Ir,tc:est. ;
;
In :'~~;:i;~=1 to l1,^ `o~~^(IJ1J:!1 l~:o~~~i ;ian ~ a; to interest, ac7c~itiQnal
fl}:CC~ IR? .:(';,'t I;,; :r 7" C';,:::~ CiI~C Itl 1f:c^. GVCf~~l ~ft'i31 1:SI~~~IiCc ri i1'IO.?~:~r~C Ii1VC~10CS
C~OC ~ 11C~t :':C~f' C' .....i'1:C't1C)'1 ii!:..:?^:i2~~ ~Si t:.,_ i~c^V~.IU; :::C~li f)f t}2c F~ropcr~}~
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.'i'. :C, ~.ilrj':. 2,, .f~1'T;. .~I~ C ,1Cf~ 1?1
th~: I.c::n _~•:t,~,;: r~,,; _,i ~ v~n ci.~t~ t:,•r:::ti~ith.
: ~ ~ ~ ~iQ ,~~f 30~
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