0001047469-99-010525 Sample Contracts

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RECITALS:
Great Lakes Reit • March 19th, 1999 • Real estate investment trusts
GREAT LAKES REIT LIMITED PURPOSE EMPLOYEE LOAN PROGRAM PROMISSORY NOTE
Great Lakes Reit • March 19th, 1999 • Real estate investment trusts

_____________ ("Maker") in consideration of the receipt of $_____________ from Great Lakes REIT ("GLR") promises to pay to the order of GLR and its successors and assigns, the sum _________________ and 00/100 Dollars ($__________.00) on____________, together with interest on the outstanding principal balance on the tenth (10th) day of each calendar quarter, at a per annum rate which is the sum of the rate GLR pays on its borrowed funds from its principal lender, such interest rate being adjusted quarterly.

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