ADDENDUM VI
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Birmingham,
Alabama
January
10, 2006
|
ADDENDUM
VI
This
Addendum VI (“Addendum VI”) is an addendum to the July 27, 2005 Real Estate Note
(“Note”) executed by X. X. Xxxxxxxx, Xx., on behalf of Automotive Services
Group, LLC (“ASG”) (the “Undersigned”), the Future Advance Mortgage Assignment
of Rents and Leases and Security Agreement (“Security Agreement”) executed by
the Undersigned on July 27, 2005, Addendum I (“Addendum I”) dated August 10,
2005, Addendum II dated September 23, 2005 (“Addendum II”), Addendum III dated
October 20, 2005 (“Addendum III”), Addendum IV dated December 7, 2005 (“Addendum
IV”) and Addendum V dated December 22, 2005 (“Addendum V”). The Note, Security
Agreement and Addendum I, II, III, IV and V are fully incorporated by reference
in this Addendum VI.
The
Undersigned, for value received, promises to pay to the order of XXXX XXXXXX
XXXXXX ACQUISITION FUND, LLC, the sum of one
hundred twenty eight thousand six hundred ninety eight
dollars
($128,698.00)
(“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 VI fully incorporates by reference the Note, Security Agreement and
Addendum I, II, III, IV and V for an aggregate Advance to date in the amount
of
$1,243,536.00.
This
Addendum VI is given, executed and delivered under the seal of the
Undersigned.
| Automotive Services Group, LLC | ||
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| /s/ X.X. Xxxxxxxx | ||
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By: Xxxxxxx X. Xxxxxxxx, Xx. |
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