$------------ -----------------------, ----------------------, 19---
I (or if more than one maker) we, jointly and severally, promise to pay
to the order of-----------------------------------------------------------------
at------------------------------------------------------------------------------
------------------------------------------------------------------------DOLLARS,
with interest thereon at the rate of -------- percent per annum from
----------------- until paid, payable in -------------- installments of not less
than $-------------- in any one payment; interest shall be paid --------------
and (*in addition to/*is included in) the minimum payments above required; the
first payment to be made on the -------- day of --------------, 19-----, and a
like payment on the ---------- day of -------------- thereafter, until the whole
sum principal and interest has been paid; if any of said installments is not so
paid, all principal and interest to become immediately due and collectible at
the option of the holder of this note. If this note is placed in the hands of an
attorney for collection, I/we promise and agree to pay holder's reasonable
attorney's fees and collection costs, even through no suit or action is filed
hereon; however, if a suit or an action is filed, the amount of such reasonable
attorney's fees shall be fixed by the courts in which the suit or action,
including any appeal thereon, is tried, heard or decided.
*Strike words not applicable.
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FORM No. 217--INSTALLMENT NOTE.
▇▇ ▇▇▇▇▇▇▇-▇▇▇▇ Law Publishing Co., Portland, Ore.
The rate of interest set forth in the Installment Note on the reverse
side hereof will be increased or decreased from time to time by the
amount of any increase or decrease in the financing rate payable by
United Grocers' Store Financing department on lines of credit existing
in its favor. Each such change in said rate to become effective on the
day in which such rate is changed. At the present time, interest to be
paid is 11.0 percent.
* The interest rate as set forth below shall vary with the prime rate published
by the United States National Bank of Oregon and will be increased or decreased
from time to time by the amount of increase or decrease in the United States
National Bank's prime rate. The Installment Note rate shall be adjusted on the
first day of each month in the applicable year (if the first day is not a
business day, then on the first succeeding day) to equal the United States
National Bank's rate on that date, plus percentage rate as set forth below, and
shall become the effective rate and shall continue in effect until the next
applicable year.