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This Note is subject to mandatory prepayment
in certain circumstances as provided below.
This Note is one of a series of notes aggregating
$6,000,000 and providing for the payment of the unpaid princi-
pal amount thereof in installments on varying dates (herein
referred to as the "Notes") which are being issued pursuant
to a certain agreement, dated of even date herewith, by and
among the Company and the initial holders of the Notes. of
which Notes in the aggregate principal amount of $4,000,000
' are unsecured (herein referred to as the "Unsecured Notes")
and of which Notes in the aggregate principal amount of
$2,OOU,000 are secured by a mortgage on certain real property
f of the Company (herein referred to as the "Secured Votes").
This Note is one of the Secured votes.
OPTIONAL PREPA~ME:ITS
The Company shall have the right, at its option and
~ without penalty or premium, to prepay the Notes, either in w:~ole
or in part (but if in part then in amounts of $50,000 or a mul-
tiple thereof), at any time, and from time to time prior to mat-
urity. All prepayments shall be applied first to accrued inter-
est on all the Notes and then to the unpaid principal amount of
t::e Unsecured tJotes pro rata to all outstanding Unsecured Notes
according to t`.;e respective unpaid principal amounts thereof
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