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L 1 f t h 'i L <br />tit" Lutcsii <br />C' I iA <br />C; _j_Lj <br />wai _hrltrn <br />'V fr' f, a <br />'Jity t-11vJ70011, Wid .11fil . , <br />a L,, I on, tho city and MWWOY lfldk"" <br />horgwith, betw""li 010 Pzl'/- - <br />Supply Co., Inc. tho <br />and thir% Not,-- iS f,,rth-r issuht-1 purnuant t"I and In full corit- <br />plfano.a with tj)e Conis LILUtion and jaw!� L)f th" state ot minnezo� <br />_tIcul-Ily (;haptar 474, MitiriebuLiA St-dLkIt", and pursunnt <br />A�or 10, <br />pa- on <br />to resolution of the City ft"U110 I <br />jq7A (the oythaolution'). <br />is secur-rd bY An annignment of <br />Agroamen4 by thq City to i.tie <br />the Loan 4 payee antj by a Mortqtjqn <br />r3f even date herewtth between th4 Porrower, ae Mortgagor, and <br />i#UuL5egant of the Proceeds of <br />tile PAY00 46 Mortgagee* Tne d fit <br />tjjv loan covar@d by t1jim Note im subjec- - t t-() j.he terips and <br />conditians of a construction Laun Agreemant of evan 4ate <br />halswith betwesin the Payou, r�ty and Rorro4er, <br />7. The V6160MAY qj�and t.he timo" Of payments <br />of intiarcut and/or principal Of Or Any Penalty Or PrwMi-1311 due <br />on this Nato, including Lho date of the Final Maturity Pat@, <br />jable hereon and <br />vo:t* or 4onsont 01 any party <br />without nat'i ... sy <br />aleasing any such portY, HOWOVOrl in no ev"t M <br />without r , , tq bq extenSed bqy9nd octoLier 12, 3008, <br />the Final maturity DA <br />F, <br />may be prepaid at any tiple, tither <br />a This NOtO <br />but In Case rit prapayment at Any Arount <br />in whole or in part <br />Also <br />of #06tint in calemar- -year - AIhtn -tA"* SW' <br />torest four <br />v;- W1 aboyt , the ".,n- - 7 -usd V1114at the Urms 1f <br />0qu&.L.---W tu, --int-&-r-mr-Av vor, t-40- <br />an- O'bun <br />JWW_i '; '.qt'iC1% In— At thi-j- tims-OV <br />d&ya# at Lho i;a-Q - rou"t <br />of on qt%hLy PA ok <br />on this fict <br />%is Note is ferther subjeCt-tO PrOW""i <br />utsah the oijourrance of - <br />without A PrGMLU(4,* in.w!�#719 or lit PA -to ation too the <br />ftruetion,,ur condemn. <br />n -t a, <br />or# in Wh it ut nrot in part # "ro <br />you that the interest on the Note <br />race ving notice from tile Pay <br />-am* <br />---td-fud-c-ral--cr MnASSOU state, inc - <br />is sub3aot <br />rmin&tion at TaxabilitY#" all as specified <br />pursuant to a "Dete_ <br />clution. <br />_Aqrqomgnt an -d. Ros- <br />k <br />10_* No praptyMnt which does not rosult in the <br />en&,Jgt Principal saiance slid i6ttirtst -tharadn- and sAY <br />nt prol4mitin, boing paid in full Rhall reduce <br />nj of the monti Ily paymelits due horounder pursuant tv <br />the smou ntinu* itntil tile <br />which PAYmanta :hall 00 <br />p&ragral* 2 hereof, t <br />;Jpal Selena* has b::n,p*1d, Noticv of propsyMn <br />entire ]Print t a I be given in accordan-.6 <br />of this NoU in whold or par <br />with the terms of thft R0110lutiOm- <br />