PROJC01071 - Laserfiche WebLink

Home Browse Search

_'-'1 L . _ ~ J___...4._AtII.-A a._~......... Lb.. .<b.1ll1...-- ,J . L~IidII" 1-...~~.4._,_~ . T-4490- NOTE OF '!11e Handy Ditch Ccrnpany, A Colorado corporation cJU~fcttLm $240,000 NATIONAL BANK FOR COOPERATIVES January 15, 1988 SUCCESSOR TO WICHITA BANK FOR For value receivedP~QP~n,{~c!3)Sr~J.!Etg'P~IW,~ WICHITA BANK FOR <XXlPERA- TIVES, or order, at its office in Wichita, Kansas, the principal sum of TWO HUNDRED FORTY THOUSAND and NO/IOO OOUARS: ON DEMAND The undersigned agrees to pay interest on the unpaid balance of this note, until this note is paid in full, at a rate per annum established as provided in the loan agreement between the parties. '!11e rate may be a variable rate and shall change when and as such rate prescribed by the Bank changes. Such interest is to be paid annually on June 30 of each year. This note is issued pursuant to the pr~visions of a Loan Agreement between the under- signed and the Bank. Reference is hereby made to the Loan Agreement of even date herewith and any amendments thereto, between the Bank and the undersigned, for specific terms and conditions under which this note is made and to which this note is subject. If default is made in the making of the payments herein provided for of either prin- cipal or interest, then all of the principal indebtedness evidenced by this note, together with interest thereon, shall, at the option of the holder of this note, become at once and forthwith due and payable without notice, and the provisions of this acceleration clause shall apply in respect to the liability of the maker and any endorser or endorsers hereof. In the event that any part of this note is Qollected by or through an attorney-at-law, the undersigned agrees to pay a reasonable attorney's fee as may be permitted by law to be charged, not to exceed ten (10) per centum of the arrount then due and unpaid, together with all cost and expenses incident thereto. Each party to this note whether as maker, endorser, guarantor, surety or assignor hereby waives presentment for payment, demand, protest notice of protest, and notice of dishonor and nonpayment of this note, and all defenses on the ground of delay or of exten- sion of tUne at or after maturity for the Payment hereof, which may be hereafter given by the holder or holders hereof to them or either of them or to anyone who has assumed the payment of this note and each of them agrees to all of the terms hereof and agrees that this is the joint and several obligation of the parties hereto. It is understood and agreed that this note shall evidence the unpaid balance of all advances hereunder, not exceeding the face amount hereof, notwithstanding the fact that such advances are made and repaid and again made frcrn tUne to tUne, at the option of the Bank or the holder hereof. This note shall be governed in all A=e _. "'"'tacy~ ,",""''Y respects by the law of the State of Colorado. '!11e Handy Ditch Ccrnpany By Cd:f1