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P R QM I S� S� QR Y N QT E <br /> CW <br /> $31,000.00 Batesville, Arkansas <br /> For value received , I , We, or either of us promise to pay <br /> to the order of The City of Batesville, Batesville, Arkansas, a <br /> Municipal Corporation organized and existing under the laws of <br /> the State of Arkansas , the sum of THIRTY ONE THOUSAND DOLLARS <br /> ($31 , 000 .00) with interest from date until due at the rate of <br /> Four Percent (4%) per annum and thereafter until paid at the rate <br /> of Four Percent (4$) per annum. <br /> The makers and endorsers hereby severally waive notice, <br /> demand and presentment, and consent that time for payment may be <br /> extended without notice. If this obligation, after default, is <br /> placed in the hands of an attorney for collection, the makers and <br /> endorsers agree to pay the holder hereof an additional sum as <br /> attorney ' s fee , equal to Ten Percent (10%) of the unpaid <br /> principal plus all accrued interest. <br /> DUE AND PAYABLE: Payable over a five year period due each <br /> six month as follows: <br /> 1. $620.00 Interest 4-1-1% 0 Principal <br /> 2. $620.00 Interest 0 Principal <br /> 3. $620.00 Interest 4--7-aq 0 Principal <br /> 4. $620.00 Interest 0 Principal <br /> 5. $620 .00 Interest $5,116.67 Principal <br /> 6. $516 .67 Interest $5,166.67 Principal <br /> 7. $413 .33 Interest $5,166.67 Principal <br /> 8. $310.00 Interest $5,166.67 Principal <br /> 9. $206.67 Interest $5,166.67 Principal <br /> 10 . $103 .33 Interest $5,166.65 Principal <br /> This note may be prepaid without penalty. <br /> C�e CjC to - 7 - Y7 <br />