Common use of Loan and Note Clause in Contracts

Loan and Note. The term “Loan” herein shall refer to the indebtedness of Borrower to Lender evidenced by a Note in the original principal amount of Two Million Two Hundred Twenty-Two Thousand Six Hundred Forty and No/100 Dollars ($2,222,640.00) in form satisfactory to Lender (the “Note”). The term of this Loan shall be for twenty (20) years.

Loan and Note. The term “Loan” herein shall refer to the indebtedness of Borrower to Lender evidenced by a Note in the original principal amount of Two One Million Two Three Hundred Twenty-Two Four Thousand Six Hundred Forty and No/100 Dollars ($2,222,640.001,304,000.00) in form satisfactory to Lender (the “Note”). The term of this Loan shall be for twenty (20) years.