MEMORANDUM OF UNDERSTANDING BETWEEN GERM USA AND TAYLOR VENTURES, LLCMemorandum of Understanding • November 14th, 2005 • Grem Usa • Miscellaneous manufacturing industries • Indiana
REAL ESTATE MORTGAGEReal Estate Mortgage • November 14th, 2005 • Grem Usa • Miscellaneous manufacturing industries • Indiana
THIS REAL ESTATE MORTGAGE (“Mortgage”) is given on the 9th day of November, 2005 by GERM USA CORPORATIONS (“Borrower”), whose address is 19020 State Road 1, Spencerville, IN 46877 to Taylor Ventures, LLC (“Lender”), whose address is 13212 Denton Hill, Fort Wayne, iN 46845. Borrower owes Lender the principal sum of Three Hundred Thousand Dollars ($300,000.00). This debt is evidenced by Borrower’s obligations in accordance with a Memorandum of Understanding between the parties hereto dated 11-9, 2005 (“Note”), which provides for payment in full on or before Nov. 8th, 2008. This Mortgage secures to lender: (a) the repayment of the note, with interest, and all renewals, extensions, and modifications of the note; (b) the payment of all other sums advanced under thus Mortgage, with interest; (c) the performance of Borrower’s covenants and agreements under this Mortgage and the Note; and (if Borrower initials here ____________) (d) future obligations of Borrower’s to lender, and future advanc
