BALLOON MORTGAGE NOTEBalloon Mortgage Note • August 30th, 1999 • Conmat Technologies Inc • Plastic material, synth resin/rubber, cellulos (no glass)
For Value Received the undersigned, and if more than one, jointly and severally ("Borrower"), promises to pay to the order of PUBLIC SCHOOL EMPLOYES' RETIREMENT BOARD an independent Administrative Board of the Commonwealth of Pennsylvania transacting business in the name of the PUBLIC SCHOOL EMPLOYES' RETIREMENT SYSTEM ("Lender"), the principal sum of ONE MILLION EIGHT HUNDRED EIGHTY THOUSAND DOLLARS ($1,880,000) or so much thereof as may be advanced and outstanding from time to time, with interest which shall be calculated on a three hundred and sixty (360) day year consisting of twelve (12) months, each month containing thirty (30) days, and shall begin accruing on the loan principal or any portion thereof which is outstanding from the date hereof at the following rate and payable in the following manner:
