EXHIBIT 10.247 LOAN CONTRACT - SECURITY AGREEMENTLoan Contract - Security Agreement • March 30th, 2004 • Meadow Valley Corp • Water, sewer, pipeline, comm & power line construction
APPLICATION AND PROMISSORY NOTE: I hereby apply to John Deere Construction & Forestry Company (together with its assigns, the "Lender") for a Loan in the amount of the Principal Balance shown below. The amount of the unpaid balance on line 3 is to be used to finance the Balance Due on the purchase order executed in connection with the purchase from the Seller of the equipment described below (the "Goods"). If this Loan Contract is accepted by Lender, I promise to pay to the order of Lender, the Principal Balance, shown on line 7 below, and finance charges thereon computed on the daily unpaid balance of the Principal Balance and to pay the installments shown below, with such adjustments in the amount or number of installments as may be necessary to reflect actual finance charges earned. If more than one person signs this Agreement as "Borrower"), we will be jointly and severally liable for all amounts due under this Agreement. Except for the Notice to Borrower section, In this Agreement
