Community Homeownership Impact Fund (Impact Fund) MORTGAGE NOTEMay 5th, 2020
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 NOTEMay 5th, 2020
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.