PLEDGE OF COLLATERAL MORTGAGE NOTE UNITED STATES OF AMERICA BY: DIAMOND HOLDING LLC STATE OF LOUISIANA PARISH OF JEFFERSON IN FAVOR OF: Gulf Coast Bank and Trust Company And Any Future Holder or Holders BE IT KNOWN, that on June 13, 2001; BEFORE ME,...Shadows Bend Development Inc • December 5th, 2001 • Services-skilled nursing care facilities • Louisiana
COLLATERAL MORTGAGE NOTE. Desiring to secure the prompt and punctual payment and satisfaction of any and all present and future Indebtedness as may be outstanding from time to time, one or more times, in favor of Lender as provided herein, Grantor has executed a certain Collateral Mortgage Note dated June 13, 2001, in the amount of U.S. $500,000, payable to the order of BEARER, on demand, at the offices of Lender, a copy of which Note is attached to and expressly made a part of this Agreement by reference.
Borrower: Shadows Bend Development, Inc. Lender: Gulf Coast Bank and Trust Company (TIN: 87-0617649) Commercial Lending 200 Lafayette Street, Suite 750 1825 Veterans Memorial Blvd. Baton Rouge, LA 70804 Metairie, LA 70005 Principal Amount: Interest...Shadows Bend Development Inc • December 5th, 2001 • Services-skilled nursing care facilities
PROMISE TO PAY. SHADOWS BEND DEVELOPMENT, INC. ("Borrower") promises to pay to the order of Gulf Coast Bank and Trust Company ("Lender"), in lawful money of the United States of America the sum of _________________________ Dollars (U.S. $________), together with simple interest at the rate of 11.000% per annum assessed on the unpaid principal balance of this Note as outstanding from time to time, commencing on _______________ and continuing until this Note is paid in full.
