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WHERBAS, Borrower and Lender wish to nadify the terms of
payment of the consolidated irtdebtedness.
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NOW, THEREFORE, in consideratio~ of the premises, which
are represented to be true and correct, and the mutual coven- ~
ants hereinafter set forth, the parties hereto agree as. '
follows:
1. Borrower assumes and agrees to pay the indebtedness
evidenced by Promissory Notes B, F, G and H.
2. The current principal balance, accured interest
through January 27, 1981 and the per diem interest for each of
the above-described promissoxy notes is as followss
NOTE CURRENT PRINCIPAL INTEREST TO
BALANCE JANUARY 27, 1981
A $ 51,369.02 Included in payoff
B 100,000.00 $ 4,-466.65
C 200,000.00 5,121.76
D 146,333.10 -0-
E 136,000.00 7,144.77
F 40,000.00 1,882.71
G 90,000.00 2,160.63
H 15,000.00 ~ 521.36
TOTAL $778,702.1Z $ 21,297.88
3. The indebtedness evidenced by the notes is hereby c~n-
solidated into one debt with the present outstanding principal
balance of Eight eundred Thousand ($800,000.00) Dollars, which
indebtedness shall bear interest from the date of this agreement
at a variable rate which shall, from time to time, automatically
increase or decrease so that at all times it shall be equivalent
to One and One-Half•(1-1/28) Percent over the Prime Rate, which
for the purposes of this agreement is defined as the rate of
interest charged by the Lender on prime commercial loans of
90-day maturities. Any change in the Prime Rate shall be
effective at the beginning of the business day on which such
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