PROMISSORY NOTEPromissory Note • September 14th, 2007 • Secured Investment Resources Fund Lp Ii • Real estate
Contract Type FiledSeptember 14th, 2007 Company IndustryFOR VALUE RECEIVED, EVEREST BAYBERRY, LP, a California limited partnership, as maker, having its principal place of business at c/o Everest Properties, 199 S. Los Robles Avenue, Suite 200, Pasadena, California 91101 Attn: W. Robert Kohorst (“Borrower”), hereby unconditionally promises to pay to the order of LEHMAN BROTHERS BANK, FSB, a federal stock savings bank, having an address at c/o Lehman Brothers, Inc., 1000 West Street, Wilmington, Delaware 19801 (“Lender”), or at such other place as the holder hereof may from time to time designate in writing, the principal sum of Three Million One Hundred Twenty-Five Thousand and 00/100 Dollars ($3,125,000.00), in lawful money of the United States of America with interest thereon to be computed from the date of disbursement under this Note at the Applicable Interest Rate (defined below), and to be paid in installments as provided herein.
PROMISSORY NOTEPromissory Note • September 14th, 2007 • Secured Investment Resources Fund Lp Ii • Real estate
Contract Type FiledSeptember 14th, 2007 Company IndustryFOR VALUE RECEIVED, EVEREST HICKORY GLEN, LP, a Kansas limited partnership, as maker, having its principal place of business at c/o Everest Properties, 199 South Los Robles Avenue, Suite 200, Pasadena, California 91101 (“Borrower”), hereby unconditionally promises to pay to the order of LEHMAN BROTHERS BANK, FSB, a federal stock savings bank, having its principal place of business at c/o Lehman Brothers, Inc., 1000 West Street, Wilmington, Delaware 19801, Attention: John Herman (“Lender”), or at such other place as the holder hereof may from time to time designate in writing, the principal sum of Nine Million and 00/100 Dollars ($9,000,000.00), in lawful money of the United States of America with interest thereon to be computed from the date of disbursement under this Note at the Applicable Interest Rate (defined below), and to be paid in installments as provided herein.