EX-10.2
from 10-Q
12 pages
Payment ● Installment Payments, Including Principal and Interest, of $731.00 Monthly, Will Begin Twelve (12) Months From the Date of the Promissory Note. the Balance of Principal and Interest Will Be Payable Thirty (30) Years From the Date of the Promissory Note. Interest ● Interest Will Accrue at the Rate of 3.75% Per Annum and Will Accrue Only on Funds Actually Advanced From the Date(s) of Each Advance. Payment Terms ● Each Payment Will Be Applied First to Interest Accrued to the Date of Receipt of Each Payment, and the Balance, if Any, Will Be Applied to Principal. ● Each Payment Will Be Made When Due Even if at That Time the Full Amount of the Loan Has Not Yet Been Advanced or the Authorized Amount of the Loan Has Been Reduced. Collateral
12/34/56