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EXHIBIT A <br /> <br />UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> .COUNTY OF ANOKA <br /> CITY.OF RAMSEY <br /> <br />Commercial Development Revenue Note' <br /> (Grosslein Project) <br /> <br />$550,000 <br /> <br /> The City of Ramsey, Minnesota, a municipal <br />corporation of the State of Minnesota (the City), for <br />value received, hereby promises to pay to the order of <br />FIRST NATIONAL BANK IN ANOKA or assigns (the Holder), at <br />its principal office in Anoka, Minnesota, or at such other <br />place as the Holder may designate in writing, from the <br />source and in the manner and with interest thereon as <br />hereinafter provided, the principal sum of FIVE -HUNDRED <br />FIFTY THOUSAND DOLLARS ($550,000), or so much as is <br />advanced hereunder in payment of Project Costs (as defined <br />in th~ Mortgage hereinafter referred to), with interest on <br />the unpaid principal amount at the rate of eight and <br />three-fourths percent (8-3/4%) per annum, except as <br />hereinafter provided upon a Determination of Taxability. <br />Both principal and interest are payable in any coin or <br />Curr.ency which at the time or times of payment is legal <br />tender for the payment of public or private debts in the <br />United States of America. This Note is payable in <br />installments due on the first day of each month following <br />the dates of the initial advance of the proceeds hereof <br />made pursuant to the Loan Agreement hereinafter referred <br />to, as follows: <br /> <br /> (a) prior to the first day of the month <br />following the Completion Date (as defined in the <br />Mortgage hereinafter referred to), an amount equal to <br />the interest accrued monthly on the outstanding <br />principal of this Note; and <br /> <br /> (b) commencing on the. first day of the month <br />following the Completion Date and on the first day of <br />each month thereafter to and including the first day <br />of the one hundred seventy-ninth (179th) month <br />following the Completion Date, in equal monthly <br />installments of Four Thousand Five Hundred <br />Twenty-three and 75/100ths Dollars ($4,523.75) each, <br />and the entire unpaid principal and accrued interest <br />thereon, if not sooner paid, to be due and payable on <br />the first day of the one-hundred eightieth (180th) <br />month following the Completion Date, all payments to <br />be applied first to interest and then to principal. <br /> <br /> <br />