Community Homeownership Impact Fund (Impact Fund) MORTGAGE NOTEMortgage Note • May 5th, 2020
Contract Type FiledMay 5th, 2020FOR VALUE RECEIVED, the undersigned (hereinafter cumulatively referred to as the "Maker") jointly and severally agree to pay to the order of ________________________________________________________________________(hereinafter referred to along with its successors and assigns as “Impact Fund Lender”), whose address is, _________________________________________________, _____________
Community Homeownership Impact Fund (Impact Fund) MORTGAGE NOTEMortgage Note • May 5th, 2020
Contract Type FiledMay 5th, 2020Dollars and /100 ($ ) in accordance with the repayment provisions contained in Section 2 herein, which such amount shall bear interest at the rate of 0% simple interest per annum until the Maturity Date, as such term is defined hereinbelow, and from and after such date at the lesser of 18% or the highest interest rate allowed by law in the State of Minnesota.