ADDENDUM II
Birmingham,
Alabama
September
23, 2005
ADDENDUM
II
This
Addendum II (“Addendum II”) is an addendum to the Real Estate Note (“Note”)
executed by X. X. Xxxxxxxx, Xx., (the “Undersigned”) the manager of Automotive
Services Group, LLC, on July 27, 2005, the Future Advance Mortgage Assignment
of
Rents and Leases and Security Agreement (“Security Agreement”) executed by the
Undersigned on July 27, 2005, and Addendum I (“Addendum I”) dated August 10,
2005. The Note, Security Agreement and Addendum I are fully incorporated by
reference in this Addendum II.
The
Undersigned, for value received, promise to pay to the order of XXXX XXXXXX
XXXXXX ACQUISITION FUND, LLC, the sum of eighty
seven thousand five hundred fifty two dollars and seventy five cents
($87,552.75) (“Advance”)
together
with interest upon the unpaid portion thereof from the date at the rate of
three
percent (3%) above the “Prime Rate” as published in The
Wall Street Journal.
This
advance was to fund construction costs. This note is secured by mortgage on
real
estate, executed to the payee herein.
This
Addendum II fully incorporates by reference the Note, Security Agreement and
Addendum I for an aggregate Advance to date in the amount of
$657,672.75.
This
Addendum II is given, executed and delivered under the seal of the
Undersigned.
|
Automotive
Services Group, LLC
/s/
X. X. Xxxxxxxx,
Xx.
By:
X.
X. Xxxxxxxx, Xx.
Its:
Manager
|
