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<br />premium, penalties, late charges, processing fees and other
<br />payments required herein, however designated, are payable
<br />solely out of the ~oneys payable or revenues received under
<br />the hereinafter defined Agreement or realized from the en-
<br />forcement of the security hereinafter described. The lia-
<br />bility of the Issuer hereunder is further restricted in all
<br />respects as set forth in Section 474.10 of the Act.
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<br />This Note is issued and sold pursuant to a resolution
<br />adopted by the City Council of the Issuer on , 1981.
<br />(the "Resolution"), in order to provide funds to be loaned
<br />to Super Bowl, Inc., a Minnesota corporation (the "Bor-
<br />rower"), pursuant to a Loan Agreement, dated as of the date
<br />hereof (the "Agreement"), among the Issuer, the Lender ahd
<br />the Borrower, for the purpose of financing the acquisition
<br />and construction, within the meaning of Subdivision la,
<br />Section 474.02 of the Act, of the Project, as defined in the
<br />Agreement, located on real property situated in Anoka
<br />County, Minnesota (the "Project"). Under the Agreement, the
<br />Borrower has agreed to acquire and construct the Project and
<br />has agreed to make loan repayments in amounts and at times
<br />sufficient to pay the principal of, premium, if any, and
<br />interest on this Note when due. Pursuant to a Pledge Agree-
<br />ment, dated as of the date hereof (the "Pledge Agreement"),
<br />given by the Issuer in favor of the Lender, the Issuer has
<br />pledged and granted a security interest in its interest in
<br />the Agreement (except its rights to indemnification and
<br />payment of certain expenses) to the Lender. This Note is
<br />further secured by: (A) .a Mortgage and Security Agreement
<br />and. Fixture Financing Statement, dated as of the date
<br />hereof, by and between the Borrower and the Lender (the
<br />"Mortgage"), by which the Borrower has granted to the Lender
<br />a first lien mortgage and security interest in the Project
<br />and the Land (as defined in the Agreement) and a second lien
<br />mortgage and security interest in the Existing Facility and
<br />the Additional Real Estate (as defined in the Mortgage), the
<br />Equipment (as defined in the Mortgage) therein, fixtures and
<br />such other, premises and property as are described in that
<br />certain Mortgage, dated July 25, 1978, by and between the
<br />Borrower and the Lender, filed in the public real estate
<br />records of Anoka County, Minnesota, as document 9100753 (the
<br />"July 25, 1978 Mortgage") (collectively, the "Mortgaged
<br />Property"), (B) an Assignment of Rents and Leases, dated as
<br />of the date hereof (the "Assignment"), by which the Borrower
<br />has assigned to the Lender its interest in all rents, leases
<br />and profits of the Mortgaged Property and (C) a Guaranty,
<br />dated as of the date hereof (the "Guaranty"), given by
<br />Charles F. Inderieden, Joseph E. Booth and Robert G.
<br />Troumbly, individuals residing in the State of Minnesota
<br />(jointly and severally, the "Guarantors"), to the Lender.
<br />Advances of the proceeds of this Note to pay the cost of the
<br />acquisition and construction of the Project are being made
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