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3. Section 1 of the Note is hereby amended to add a new <br />paragraph (c) to read as follows: <br />"(c) Commencing on January 1, 1992, and the first day <br />of each and every month thereafter to and including November <br />1, 1994, the Principal Balance shall be paid in consecutive <br />monthly installments of $4,407.77 each. On December 1, 1994 <br />(the "Final Maturity Date "), the entire Principal Balance <br />and accrued interest thereon shall be paid in full. <br />Payments shall be applied first to interest due on the <br />Principal Balance and thereafter to reduction of the <br />Principal Balance." <br />4. Paragraph (c) of Section 1 of the Note is hereby <br />renumbered "(d)" and is amended in its entirety to read as <br />follows: <br />"(d) The rate of interest on this Note shall be <br />adjusted on December 1, 1991 to be nine and three - eighths <br />percent (9 3/8 %) per annum." <br />5. Paragraph (d) of Section 1 of the Note is hereby <br />renumbered "(e) ". <br />6. Section 3 of the Note is hereby amended in its entirety <br />to read as follows: <br />"3. If the Lender should not receive within ten (10) <br />days after the same is due all of the principal and interest <br />then due on the Note, then, in addition to all other sums <br />due hereunder, the Lender shall be entitled to receive a <br />service charge equal to five percent (5.00 %) of the <br />delinquent principal and interest." <br />7. A new paragraph 19 is added to the Note to read as <br />follows: <br />"19. Notwithstanding anything herein to the contrary, <br />from and after December 1, 1991, interest on this Note shall <br />be includible in gross income of the Lender." <br />8. All other terms and provisions of the Note shall remain <br />in full force and effect. <br />24987 <br />A -2 <br />Page 58 <br />