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HomeMy WebLinkAbout0923 ~ extension of inet~ic~t~i~`d~`te- sha11~'~n" t~o ~'way ~iff~ot~~Le~der's rfght~~~to~ a~~elerate "'~ie ~ ~ . _ , ~ ~ . . ~ , . . ~ : . ffiaebt~"drfess uride'~the ~N~te=1`n .~~~isiit"`o~` a de"7au~`~°d~'c`' It~e~m~.~°`C~"rn'~ci~~"`~~i ` , ~ ; ~ ~ ~ ..F._• . ~ . ~ ~ - - ~p'ril 19,~ a _ „ . . ~-ti~ . : R - - ~ 1988; tc~terest`'~n'de''i~~~ Note sha~~ aecrue untll~in~~"ti~~'~"~t`~WE~.VE~ PERCENT ~ um. , ~ ; ; ~ : - ~~2~`per ann . . „ . _ `Prti~clpal an`d`1~est`~ln~~he ~i~nount~'~~I'W~~i~ R ~`'TWEI'~~Y- ' _ . , r . ~ m , ~ , , ~ ~ ; , ~T~NO DOI;~,ARS '~AND '"3 106~t222.39) shaf l` con~i~i`ue"~ to be due ana ~ Pay~?bie ~~~an` ~ttie : _ - . . , ~ ~ ;~j.. . - ~ ; ,r .b.w. Y ',y . ~~~1in~tee~itti ~day"~f` eaeh ' mon~'~until~Ap~1- 19, ~1991, on'°~whieh °dat~ ~ie"~o~its~~ndtng . . . . ~ .a.~ . • ' • ' ' . . ~ti~ srie:, . k.. ~ wrer' , . - az.; . . °pr' irlcipal'~bala~ce ~fogether'witli~ all accrued and'unpaid interest sha11 ~be~'due and payable. . h~ : : ~ It`"~}~rest shall be compute~l' ~'i~ie- actual~°~i't'~i b`"~`Y~"~f'~day~ elaps~`d `~i~d an assumed year~~! . ~~360 °da' s. , . . _ Y , ~ q.' ~ - ~ 4 ' _ ~ s....,~- r~ , _ , , - . , • 3. , During :the'`~'e~'iod ~~~`a~'y~ defatilt `'~i'l'dc~ th~ tecros' o~~`t~fie~ Not~~ a~ mbdift~d ~~i . ~ ~ , . , ~ ; ~ . . , . . _ ~h~s~4A~ceement,`~~Interestron"the'entire-'outstanding~indebtedness shall ac~erue~ at~he ` ; , , - ~ tiigtiest rate gllowable unde~'ap~`plicable law'from the'date of satd default: , Y, p ` ~ ' ; , .,.,.~:,p , y p a y. _ _ . ~ 4. ~-The a~ties 's ee that exce t ~°for ~ttie"doeuments' ex licitl ~~ferred '::tb . . ' h~rein ai1d~ `till ~"other `°documents prevfou'sly executed and 'delivered at'the~ closing~"of ~ ttie ~ . . : ~ ~ . ^ . ~ ~ ~ :EK,. ~ ~subject 'l~an~~transaetton, 6this °Agreement `aonstitutes'~'the _entire~~Lnd~rsta`~ding` and . . ~ . „ ~ - ~ „ ~ - ~ agr~~'inent~am8ng~hem;~and'th~t~~the're g~re'no`~ther aghreem~~ts~br`p~~t~lses ariion~°~tie . " ~~pa~~(es'~ eoncerning?'~ the°-1~an ~tcansaetion. Exc~~pt3 as ~"s"peeit~teal~y~'modi~ied=herein, ~ all `"~f : - : . . r. ~°-t~e'terms°and ~provisi8ns"'~oP}t~ie ~M6~~tga~e,~Note''a~tid all~othe~'1$an~dbeument~ execut~`d~in ~ . , . . ,r - _ ; eor~r ~e~i~n~w~~'~th~'~lo~iil~transaetibn'desectbed hec~in~ are~r"~1~d, 4'r'e~f~3~m~d; .artd sha~l ~ . ~ . . ~ _ ~ °:~remairi~?ict~fi~tl rforc~''a~d `~ff~et. ~ _ ' . - , , . . _ , . . ; . , _ , • [N WITNESS~' ~IE~L~~"~; ~He'?"pa~"f ies • have~ execut~Ed~tiis:~ inst~Li~nettt 'a~~df ~he ~"date ` i~`t~rpai~ts~ any''one~`C~f~w~?i~ii'~tia~l`ti~~deemed a~i~'o~iginal, . : =~ic~t'~b~ie wri~'t~h~ii~ sei?er~l°`co~3~ T Y~* ' b~t all~°~on~'~it~ing~eill~~Vn~~l~tCUmrGlll• - _ ' . . : P _ ' . . ~ ~ . f ~ 35~~~_ A b~`~LO~1~'" Nf'~'11tT~3A~~ AAfI~`~fi~t`L~~~~fiA`I~ ~AYM~~~~~"ORT~~~"~ ~~A~JY~A~f~~ ~ a f ~'~N~ MAT~R~I'Y°~f$ `~~~$80~19 WI'1'~i ACS3~~L~~II~f~E~3T,"~~Irl~~LL~~E aALL ~ADVA~~EII+~~f~'~`8' M~DE • T~RFMb~~'~?~~L$~~~&'f~!~L~~IS° T~I3 1'VIO~T~3AZ~~. _ - . . st~ea, ~e~ea grra+a~~t~?~r~a ~ ~ f~"h~~pres~nee~~fs ~ :r w ~ ~ 4~ ~ ~ ~ • , ~ rc.::gi~{^. _ ,}f~~.,-~ ~ ~ f4~ , " . .S, ~ _ a . y~ d~ ~ ~ . . y t. p . a ' _ ~n..~ .a .~y. , ~t'.. ~ `.e ~ . . r~ ~f. . . . ~ . ".-1' . . . .iP _ . ~ . ~ _ . . : . ~ :n~ ~ : ~ -~"Y"-811" y ~ ~ g ;°Lr ~$.i. - ' ~d .y:~.~ , ~i"~' M~"6~e . ~ ` M GA~Ai[~~1~~t~~r a~-~lo'~id~'bani~t~ng ; - ~a~rati~ti, , , ~ , - ~ . _ ~ ~ ~ ~r „ 1 - ~ . - „ ,F . ~ p«. ~ . , ~ , ~ . . ~ . ~ yF' ~ . Z~. f' ~ - ~:~3~ . . ~ . . . . . . : . ~ . _ . . T~ . . . . . . w~"~, . ' ~ , , . _ . . ~tic . ~ . ` ~ ~ - . _ ~ ~ << a~~t ~~"~Preai y } . ~ _ ~ , . ~ ~ ~ - . 2 _ 8~~~6.~ ~ 9~~::~ ~ . . _ r ,