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HomeMy Public PortalAboutGEFA- Cancelled Promissory Note- Loan 2007-L48WS- 8-18-16Nathan Deal Governor GEORGIA ENVIRONMENTAL FINANCE AUTHORITY August 18, 2016 Ms. Melissa Freeman Finance Administrator City of Tybee Island 403 Butler Avenue Tybee Island, GA 31328 Kevin Clark Executive Director Re: GEFA Loan 2007-L48WS Dear Ms. Freeman: Enclosed is the city's cancelled copy of the promissory note for GEFA loan 2007-L48WS that was paid off on August 1, 20016. We appreciate the opportunity to meet your financing needs, and our goal is to provide exceptional customer service. Please contact me at 404-584-1000 or email me at derek@gefa.ga.gov if we can be of further assistance. Sincerely, l Derek W. Sands, Jr. Financial Analyst Enclosures 51:(2,„.4.5„„, 233 PEACHTREE STREET NE • HARRIS TOWER, SUITE 900 • ATLANTA, GEORGIA 30303-1506 •404-584-1000 • FAx 404-584-1069 www.gefa.org CANCELLED MODIFICATION OF PROMISSORY NOTE AND LOAN AGREEMENT THIS MODIFICATION OF PROMISSORY NOTE AND LOAN AGREEMENT (this "Modification") is made as of February 19, 2009, by and between CITY OF TYBEE ISLAND, Georgia, a Georgia public body corporate and politic (the "Borrower"), and the GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY, a Georgia public corporation (the "Lender"). Statement of Facts A. The Lender and the Borrower are parties to that certain Contract for Financing Environmental Facilities and for Other Services, dated JULY 31, 2008, as amended prior to the date hereof (as so amended, the "Loan Agreement"; all capitalized terms used in this Modification but not defined herein have the meanings given in the Loan Agreement), pursuant to which the Lender made a loan to the Borrower in accordance with the terms and conditions thereof. The Borrower's obligation to repay such loan is evidenced by that certain Promissory Note, dated JULY 10, 2008, as amended prior to the date hereof (as so amended, the "Note"). B. The Lender and the Borrower desire to modify the Loan Agreement and Note in certain respects in accordance with the terms and conditions set forth herein. NOW, THEREFORE, in consideration of the premises, the covenants and agreements contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Lender and the Borrower further agree as follows: Statement of Terms 1. Amendments of Note. Subject to the fulfillment of the conditions precedent to the effectiveness of this Modification that are set forth below, the Note is hereby amended as follows: a) The principal sum due under the Note as of the date hereof shall be ONE MILLION FOUR HUNDRED SIXTEEN THOUSAND AND NO/100 DOLLARS ($1,416,000). b) The unpaid principal balance of this Note shall bear interest at a rate per annum equal to THREE AND 08/100 percent (3.08%), (1) calculated on the basis of a 365 -day year and actual days elapsed until the Amortization Commencement Date (as hereinafter defined), and (2) calculated on the basis of a 360 -day year consisting of twelve 30 -day months thereafter. "Amortization Commencement Date" is defined as the earlier of (1) the Completion Date (as hereinafter defined) or (2) November 26, 2009 or (3) the date the loan is fully disbursed. "Completion Date" means the date of completion of the acquisition, construction, and installation of the Project and shall be evidenced to the Lender and the Georgia Environmental Protection Division by a certificate of completion signed by the Authorized Borrower Representative and approved by the Engineer, stating that construction of the Project has been completed without material deviation from the Plans and Specifications and all labor, services, materials, and supplies used in such construction have been paid or provided for. Notwithstanding the foregoing, such certificate may state that it is given without prejudice to any rights against third parties that exist at the date of such certificate or that may subsequently come into being. It shall be the duty of the Borrower to cause the certificate contemplated by this paragraph to be furnished as soon as the construction of the Project shall have been completed. 2. Amendments of Loan Agreement. Subject to the fulfillment of the conditions precedent to the effectiveness of this Modification that are set forth below, the Loan Agreement is hereby amended as follows: CANCELLED a. The date of construction completion shall be MAY 26, 2009. b. Exhibit A Page 2 of 3 will change according to the attached Exhibit A Page 2 of 3. 3. No Other Waivers or Amendments. Except for the amendments expressly set forth and referred to in Section 1 and 2 above, the Note and the Loan Agreement shall remain unchanged and in full force and effect. Nothing in this Modification is intended, or shall be construed, to constitute a novation or an accord and satisfaction of any of the obligations created by the Note. 4. Representations and Warranties. To induce the Lender to enter into this Modification, the Borrower does hereby warrant, represent, and covenant to the Lender that: (a) each representation or warranty of the Borrower set forth in the Loan Agreement is hereby restated and reaffirmed as true and correct on and as of the date hereof as if such representation or warranty were made on and as of the date hereof (except to the extent that any such representation or warranty expressly relates to a prior specific date or period), and no Event of Default has occurred and is continuing as of this date under the Loan Agreement; and (b) the Borrower has the power and is duly authorized to enter into, deliver, and perform this Modification, and this Modification is the legal, valid, and binding obligation of the Borrower enforceable against it in accordance with its terms. 5. Conditions Precedent to Effectiveness of this Modification. The effectiveness of this Modification is subject to the truth and accuracy in all material respects of the representations and warranties of the Borrower contained in Section 4 above and to the fulfillment of the following additional conditions precedent: a. the Lender shall have received one or more counterparts of this Modification duly executed and delivered by the Borrower; and b. the Lender shall have received (1) a certified copy of the resolution adopted by the Borrower's governing body, substantially in the form of Exhibit E attached hereto, and (2) a signed opinion of counsel to the Borrower, substantially in the form of Exhibit F attached hereto. 6. Counterparts. This Modification may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the parties hereto have caused this Modification to be duly executed and delivered as of the date specified at the beginning hereof �pNCELLEO CITY OF TYBEE ISLAND By: Name: - q,- Title: 1-A ,z Approved As to Form: (SEAL) Borrower's Attorney Attest: Name: viV10.Yl Wccd6 Title: c_.11 r- \ ©c e o t..a,v1 c ,\ GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY By' P IL FOIL Executive Director (SEAL) CM\CELLE11 DESCRIPTION OF THE PROJECT PROJECT BUDGET Recipient: City of Tybee Island Loan Number: 2007-L48WS EXHIBIT A PAGE 2 OF 3 ITEM TOTAL SPLOST GEFA Construction $1,200,000 $ - 0 - $1,200,000 Contingency 174,000 174,000 - 0 - Engineering/Inspection 216,000 - 0 - 216,000 Legal/Administrative 10,000 10,000 - 0 - TOTAL $1,600,000 $184,000 $1,416,000 NOTE: Lender payments on invoices submitted as loan draw requests are based on the percentage of Project costs funded by the Lender. Revised: February 19, 2009 CMCELLEB EXTRACT OF MINUTES RESOLUTION OF GOVERNING BODY Recipient: City of Tybee Island Loan Number: 2007-L48WS EXHIBIT E At a duly called meeting of the governing body of the Borrower identified above (the "Borrower") held on the day of , the following resolution was introduced and adopted. WHEREAS, the Borrower has borrowed $1,299,333 from the Georgia Environmental Facilities Authority (the "Lender"), pursuant to the terms of a Contract for Financing Environmental Facilities and for Other Services (the "Loan Agreement"), dated July 31, 2008, between the Borrower and the Lender; and WHEREAS, the Borrower's obligation to repay the loan made pursuant to the Loan Agreement is evidenced by a Promissory Note (the "Note"), dated July 10, 2008, of the Borrower; and WHEREAS, the Borrower desires to increase the loan amount by $116,667, and WHEREAS, the Borrower and the Lender have determined to amend and modify the Note and the Loan Agreement, pursuant to the terms of a Modification of Promissory Note and Loan Agreement (the "Modification") between the Borrower and the Lender, the form of which has been presented to this meeting; NOW, THEREFORE, BE IT RESOLVED by the governing body of the Borrower that the form, terms, and conditions and the execution, delivery, and performance of the Modification are hereby approved and authorized. BE IT FURTHER RESOLVED by the governing body of the Borrower that the terms of the Modification are in the best interests of the Borrower, and the governing body of the Borrower designates and authorizes the following persons to execute and deliver, and to attest, respectively, the Modification, and any related documents necessary to the consummation of the transactions contemplated by the Modification. Jason Buelterman (Name of Person to Execute Documents) Mayor (Title) Viviian Woods Clerk of Council (Name of Person to Attest Documents) (Title) The undersigned further certifies that the above resolution has not been repealed or amended and remains in full force and effect. Date: 3 (SEAL) Secretary/Clerk - Vivian Woods C a N C E L LE&LLAWAY, LAW OFFICES BRAUN, RIDDLE & HUGHES P.C. A PROFESSIONAL CORPORATION EXHIBIT F TIMOTHY F CALLAWAY, III 301 WEST CONGRESS STREET REPLY TO: DANA F BRAUN SAVANNAH, GEORGIA 31401 POST OFFICE BOX 9150 R. KRANNERT RIDDLE SAVANNAH, GEORGIA31412 EDWARD M HUGHES TELEPHONE (912) 238-2750 D SCOTT PORCH, IV FACSIMILE (912) 238 2767 T. DANIEL TUCKER OPINION OF BORROWER'S COUNSEL March 12, 2009 Georgia Environmental Facilities Authority 233 Peachtree Street, N.E. Harris Tower, Suite 900 Atlanta, Georgia 30303 Ladies and Gentlemen: Voice Mail Extension -108 E -Mail - Bhughes(a�cbrhlaw.com A legal opinion from Callaway, Braun, Riddle & Hughes, P.C. was delivered to you, dated July 9, 2008 (the "Closing Opinion"), relating to the Contract for Financing Environmental Facilities and for Other Services (the "Loan Agreement"), dated July 31, 2008 between City of Tybee Island (?:he "Borrower") and the Georgia Environmental Facilities Authority (the "Lender"), and the Promissory Note (the "Note"), dated July 10, 2008, of the Borrower. As counsel for the Borrower, I have examined a duly executed original of the Modification of Promissory Note and Loan Agreement (the "Modification"), dated February 19, 2009 between the Borrower and the Lender, the proceedings taken by the Borrower to authorize the Modification, the Closing Opinion, and such other documents, records, and proceedings as I have deemed relevant or material to render this opinion. Based upon such examination, I hereby reconfirm as ofthe date hereof the opinions contained in the Closing Opinion, subject to the modification that all references to the Note and the Loan Agreement (as defined in the Closing Opinion) shall be deemed to include a reference to the Modification. Nothing has come to my attention, after due investigation, that in any way might question the continuing validity and accuracy of the Closing Opinion, as modified above. Very truly yours, ‘") Edward M. Hughes EMH/md CANG[ LLEB Loan/Project No. 2007L48WS ALLONGE TO AND ENDORSEMENT OF PROMISSORY NOTE THIS ALLONGE TO AND ENDORSEMENT OF PROMISSORY NOTE, made as of March 30, 2011, is attached to and incorporated into that certain Promissory Note, dated as of July 10, 2008, as modified by that certain Modification of Promissory Note and Loan Agreement, dated as of February 19, 2007 (collectively the "Note"), executed by the City of Tybee Island and payable to the order of the Georgia Environmental Finance Authority (the "Seller"), successor by name change to the Georgia Environmental Facilities Authority, in the original principal amount not to exceed $1,422,820.30. Pay to the order of the Georgia Environmental Loan Acquisition Corporation (the "Purchaser"), WITHOUT RECOURSE OR WARRANTY. This transfer, assignment, and endorsement of the Note is WITHOUT WARRANTY, REPRESENTATION, OR RECOURSE, as to collectability or otherwise, except as stated in the Local Government Loan Purchase Agreement, dated as of March 1, 2011, between the Seller and the Purchaser, and except warranty of good title and warranty (1) that the Seller has not assigned the Note to a person other than the Purchaser; (2) that the principal sum of $1,383,631.98 remains unpaid under the Note; (3) that the Seller holds title to the Note free and clear of any lien, claim, or participation interest; and (4) that the Seller has the right, power, and authority to transfer, assign, and endorse the Note. The Note is transferred, assigned, and endorsed subject to all defenses, set -offs, claims, and counterclaims, if any, which may now or hereafter exist. EXECUTED as of the date set forth above. (SEAL) GEORGIA ENVIRONMENTAL FINANCE AUTHORITY Attest: Secret ry ATLANTA:5294165 1 By: Chaim) ; n CANC[LLED Loan/Project No. 2007L48WS ALLONGE TO AND ENDORSEMENT OF PROMISSORY NOTE THIS ALLONGE TO AND ENDORSEMENT OF PROMISSORY NOTE, made as of March 30, 2011, is attached to and incorporated into that certain Promissory Note, dated as of July 10, 2008, as modified by that certain Modification of Promissory Note and Loan Agreement, dated as of February 19, 2007 (collectively the "Note"), executed by the City of Tybee Island and payable to the order of the Georgia Environmental Finance Authority (the "Seller"), successor by name change to the Georgia Environmental Facilities Authority, in the original principal amount not to exceed $1,422,820.30, and endorsed without recourse by the Seller to the order of the Georgia Environmental Loan Acquisition Corporation (the "Issuer"). Pay to the order of WITHOUT RECOURSE OR WARRANTY. This transfer, assignment, and endorsement of the Note is WITHOUT WARRANTY, REPRESENTATION, OR RECOURSE, as to collectability or otherwise, except warranty of good title and warranty (1) that the Issuer has not assigned the Note to a person other than the endorsee; (2) that the Issuer holds title to the Note free and clear of any lien, claim, or participation interest; and (3) that the Issuer has the right, power, and authority to transfer, assign, and endorse the Note. The Note is transferred, assigned, and endorsed subject to all defenses, set -offs, claims, and counterclaims, if any, which may now or hereafter exist. EXECUTED as of the date set forth above. (SEAL) GEORGIA ENVIRONMENTAL LOAN ACQUISITION CORPORATION ATLANTA:5294165 I By: President CANCELLED PROMISSORY NOTE CITY OF TYBEE ISLAND 2007-L48WS $1,299,333 FOR VALUE RECEIVED, the undersigned (hereinafter referred to as the "Borrower") promises to pay to the order of GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY (hereinafter referred to as the "Lender") at the Lender's office located in Atlanta, Georgia, or at such other place as the holder hereof may designate, the principal sum of ONE MILLION TWO HUNDRED NINETY-NINE THOUSAND THREE HUNDRED THIRTY-THREE AND NO/100 DOLLARS ($1,299,333), or so much thereof as shall have been advanced hereagainst and shall be outstanding, together with interest on so much of the principal balance of this Note as may be outstanding and unpaid from time to time, calculated at the rate or rates per annum indicated below. The unpaid principal balance of this Note shall bear interest at a rate per annum equal to (1) Three and 10/100 percent (3.1%) until the Amortization Commencement Date (as hereinafter defined), calculated on the basis of a 365 -day year and actual days elapsed and (2) Three and 10/100 percent (3.1%) thereafter, calculated on the basis of a 360 -day year consisting of twelve 30 -day months. Accrued interest on this Note shall compound monthly on the first day of each calendar month until the first day of the calendar month following the earlier of (1) the Completion Date (as defined in the hereinafter defined Loan Agreement), or (2) November 26, 2009, or (3) once the loan is fully disbursed (collectively, the "Amortization Commencement Date"). Principal of and interest on this Note shall be payable in Two Hundred Thirty -Nine (239) consecutive monthly installments equal to the Installment Amount (as hereinafter defined), commencing on the first day of the calendar month following the Amortization Commencement Date, and continuing to be due on the first day of each succeeding calendar month thereafter, together with a final installment equal to the entire remaining unpaid principal balance of and all accrued interest on this Note, which shall be due and payable on the date that is TWENTY (20) years from the Amortization Commencement Date (the "Maturity Date"). This Note shall bear interest on any overdue installment of principal and, to the extent permitted by applicable law, on any overdue installment of interest, at the aforesaid rates. The Borrower shall pay a late fee equal to the Lender's late fee, as published from time to time in the Lender's fee schedules, for any installment payment or other amount due hereunder that is not paid in full within five (5) days after such payment is due. "Installment Amount" means the amount equal to the monthly installment of principal and interest required to fully amortize the then outstanding compounded January 2005 CNCELLED amount (which consists of the principal balance of and accrued interest on this Note as of the Amortization Commencement Date) of this Note at the rate of interest on this Note, on the basis of level monthly debt service payments from the Amortization Commencement Date to and including the Maturity Date. All payments or prepayments on this Note shall be applied first to unpaid fees and late fees, then to interest accrued on this Note through the date of such payment or prepayment, and then to principal (and partial principal prepayments shall be applied to such installments in the inverse order of their maturity). At the option of the Lender, the Borrower shall make payments due under this Note using pre -authorized electronic debit transactions, under which the Lender will be authorized to initiate and effect debit transactions from a designated account of the Borrower without further or additional approval or confirmation by the Borrower. The Borrower further agrees to adopt any necessary approving resolutions and to complete and execute any necessary documents in order for the Lender to effect such pre - authorized debit transactions. In the event the Borrower has insufficient funds in its designated account on the date the Lender attempts to debit any payment due hereunder, the Borrower shall pay the Lender a processing fee equal to the Lender's processing fee, as published from time to time in the Lender's fee schedules for each such occurrence (but not exceeding two such processing fees in any calendar month), in addition to any late fee as provided above. The Borrower may prepay the principal balance of this Note in whole or in part at any time without premium or penalty. This Note constitutes the Promissory Note issued under and pursuant to and is entitled to the benefits and subject to the conditions of a Loan Agreement (the "Loan Agreement"), dated the date hereof, between the Borrower and the Lender, to which Loan Agreement reference is hereby made for a description of the circumstances under which principal shall be advanced under this Note. Reference is hereby made to the Loan Agreement for a description of the security for this Note and the options and obligations of the Borrower and the Lender hereunder. Upon an Event of Default (as defined in the Loan Agreement), the entire principal of and interest on this Note may be declared or may become immediately due and payable as provided in the Loan Agreement. The obligation of the Borrower to make the payments required to be made under this Note and to perform and observe any and all of the other covenants and agreements on its part contained herein shall be a general obligation of the Borrower, as provided in the Loan Agreement, and shall be absolute and unconditional irrespective of any defense or any rights of setoff, counterclaim, or recoupment, except for payment, it may otherwise have against the Lender. In case this Note is collected by or through an attorney-at-law, all costs of such collection incurred by the Lender, including reasonable attorney's fees, shall be paid by the Borrower. -2- CANCELLED Time is of the essence of this Note. Demand, presentment, notice, notice of demand, notice for payment, protest, and notice of dishonor are hereby waived by each and every maker, guarantor, surety, and other person or entity primarily or secondarily liable on this Note. The Lender shall not be deemed to waive any of its rights under this Note unless such waiver be in writing and signed by the Lender. No delay or omission by the Lender in exercising any of its rights under this Note shall operate as a waiver of such rights, and a waiver in writing on one occasion shall not be construed as a consent to or a waiver of any right or remedy on any future occasion. This Note shall be governed by and construed and enforced in accordance with the laws of the State of Georgia (without giving effect to its conflicts of law rules). Whenever possible, each provision of this Note shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Note shall be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Note. -3- CANCELLED Words importing the singular number hereunder shall include the plural number and vice versa, and any pronoun used herein shall be deemed to cover all genders. The word "Lender" as used herein shall include transferees, successors, and assigns of the Lender, and all rights of the Lender hereunder shall inure to the benefit of its transferees, successors, and assigns. All obligations of the Borrower hereunder shall bind the Borrower's successors and assigns. SIGNER, SEALED, AND DELIVERED by the undersigned Borrower as of the day of , 20 (_ (SEAL) APPROVED AS TO FORM: By: CITY OF TYBEE ISLAND By: Prined Name: --".<571 f Acs rtit. ",,,, Title: 1/i)Saa Attest: Aj - C t enc "i o Cc:71-(nc%1 By: Printed Name: Title: Printed Name: Xu Title:' i -t City�ttorney -4- Print Date: 8/18/2016 Administrative Fee: 0 E H P-1 d 1.1R a) d A o F, 0 0 CD is w 0. O 0) y d 1,' O O 1 `~ • Pr J � W rLL ,u1 t 1 J J W t Ua as — NO 1./1 vl 7 00 7 t` oo oo q m O 00 01 - 0 001 - 1 1n 00 1n -. r 00 01 vl •-� 10 O 0 0 01 ✓ - V 7 a V m v1 1n v, v1 01 1n • NO NO 10 0 NO 10 Np CD) a rn 0 01 0 r- r- N t- r- r- 0 0 0 0 0 0 O O O O O O O O O O O O - V v 01 .. O 0o r` NO t m .-. C Oi o0 N ND 0 0 0 0 01 • m m m en m s 0o ON O - O N m • vl N0 M m m m m m O 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N 00 01 O - 0 0 0 0 0 0 00o 0 0, NO O 0 NO 00 lO C1 N o • m m N 0 lOO N 1`DO 001 N M N 0 1O N co m 01 7 O1 vl O vl No0 M ON V' O 0i .-. 10 Ni" 00 M 01 00 00 N N N 10 1O 01 01 v a o vi v1 01 v1 v1 v1 v1 v1 1n vl v1 v1 a N0 0 10 N0 NO NO N0 10 N0 10 VD N0 NO 10 10 10 NO NO NO NO ND 10 0 NO NO N 01 O, 01 01 0 G1 0 01 ON G1 01 01 N t- t- t- R r- N S n R t- N S 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O O O O O O O O O O O O O O O O O O O O O O ON 1- l: N 0\ O Total for 2010 0000 1O M 0 100 N N. OCr.Ni ? ▪ 01 oo • N 1N0 v'1 4 N - O 001 .N0 t- 101 V1 v1 01 v1 V1 V1 V1 v1 V V 4 C m m m m m m m m M m m m • 00 ▪ on v1 0 N. 00 Ni 00 00 O vl N O m 10 O m N N '0 N N 000 001 O N M V "1 10 N. OON 0 m M m 7 7 V V 7 7 V 7 1n 'cY V V C O 4 a V V O- 00 011 v1 V 0 01 N NO •n. 000 vi o 4 10 b vi 10 01 v1 0 V N 01 01 01 N. O1 0 V 01 7 00 N 10 0 V 00 N 01 ON V 0 vi O Np - n N t` m o0 m m N N N 0 O ON 01 o0 M NO Np NO NO ND N0 ND 0 10 NO 10 NO Vi Cr, 01 01 0% ON 01 0 01 01 01 01 01 ✓ n(- r17 r- N r- N r- r- N a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 O O O 0 O O O O O O 0 O O M ON .-. 01 1n o0 N 7 0o 00 NO O N N m 00 vs oo 4 NO oo O N m ✓ 7 t+1 N m 0 001 ( N'0 0 V m N 7 V 4 7 .4 m m m m m m m N� (c1 01 m M m M K1 cn M rn1 m M N NO 7 0 O r- oo t` r 01 v1 m N N 00 V .-+ N V N 01 N 0 V NC M 7 10 00 01 m 4 1D 00 O N ND N m 7 01 N 00 ON 0 01 7 ly 1n v'1 v1 01 0'1 0 01 0 10 10 NO 1D N N N N N N N N N N Cl N 0 0 0 0 0 0 0 0 O 0 0 0 0 N N N N C4 N N N N N N N N M 7 o ND t. 00 01 O .: N 0 0 0 0 0 0 N N N N N N 0 0 0 0 0 0 O 0 0 0 0 0 N N Ni N N N N N N N N N Total for 2011 O O 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N N m V V1 ID t� 00 01 O 7.-- -• CININNINNNINICA CANN 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N r` oo O1 O - N �• N m V 1/'1 NO MV1 ND h 0o ON O .: N m 41n 1D n 00 01 0 CV C. 0o ON 0 .• N m 7 01 Np r- 00 01 O N m V 01 NO n 00 01 O •-• N N N N N N N N N N m 0 O 0 0 N Total for 2012 Print Date: 8/18/2016 Loan Amount: 1,422,820.30 Interest rate: 3.0800% d .m o) o d o to a o m CO Ccol 0 J Q W 0 L I l 1 1 U CD Administrative Fee: 0 First Principal Date: 0 A 0 10. en C 13°4 O1 J a� r .0 i— N aoC t G 0 z 0o 0 0. OF C p C eC W W ; 0 _ a d OF, C mg a 0 as '0 eke At 0 5 7 00 0 0 r M r o0 r 0-; O N 01 s 100 01 N V n O N 01 S 01 M 01 V 01 01 O 01 — 00 r r 10 10 10 1n 1n V M M N N N el N N e'l C N N N N 01 V1 V1 V1 V1 01 01 V1 V1 01 1n 01 1p '0 10 10 10 1O 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 1D ON ON a1 01 01 Orn 01 01 ON O1 01 01 r r - t` r t- r r r r r r r- 0 0 0 0 0 0 0 0 0 0 0 0 ©00©0-©0©.0.O. © 0 0 o o O o 0 0 0 0 0 O 10 7 � 0 ON O 0 M N M M 00 r- v r r r 00 ID 0 eh V M N O\ r In M 000 r 00'1 et M N e.O O1 00 N N Cl C' N N N N M M --� .--� -+ M M M M M M M M V1 01 r-00 - 00 00 .-+ 00 r- 01 1n N -- N N M In 1D 00 O M O co 01 '00 r a1 O-- N M sci 0.6O1 1100 r 00 1a 'c 1D 1a r- r- C` I n is r r r -.. a v v v v a v v M M 01 M M M M M M M M 01 of oo r CO 00 M 0 10 00 01r r 0 o r 0 01 v oo r 00 01 m 10 0 o a1 01 06 cr oo m 10 01 -. 00 M 10 01 0 0 01 r M M 01 10 00 01 O N M M 7 1n r N r hl r N o0 M 00 M 00 M N N 0 0 O1 01 00 00 r O 01 01 Vl 01 01 01 �n Vl V1 Vl 01 01 00 10 10 10 10 10 10 10 10 1D 10 10 10 M 1p 10 1O 1D ID 10 1D 10 1D 10 10 1D M 01 01 01 01 0'. D\ 01 01 01 01 01 01 01 0 0 0 0 O 0 0O 0 0 0 0 O 0 0 0 0 0 0 0 o O O o O o 0 6666666666,66 7 01 V b .1 O N r 0 01 v1 1D O 10 M a1 01 10 .- 0 O M r M N Ol S p o t 01 N O r 7 01 10 Tr ('1 0 00 r 1p 1n t'1 N 00 .. 0 0 0 0 0 0 00 M M M M M M M M M M M M M 0 G1 O 0 M 7 00 V1 10 O 10 01 M 10 V1 O 1/1 O 10 N 01 01 -. N M 4 10 N 00 01 . N M r o0 00 00 00 00 00 00 00 01 01 rn 44'4=4=4=.1:4M.1-4 444444444444 0 0 0 0 0 0 0 0 O 0 0 0 N N N N N N N N N N N N �-� V N en O N O 01 N O1 . 0 N r 00 0\ -- M M M M M M M M M M M 01 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N tn Total for 2013 0 0 0 0 0 0 0 0 0 0 0 0 CANICANNINNNNICANN \ 01 M 011 00 00 M 00 - N V 1n 10 N 00 01 O N M . . . 7 . 7 . V . 7 7 . O 0 0 0 0 0 0 0 0 0 0 0 (9 (4 (4 (9 (4 (9 (4 (4(4 e9 (9 (4 N M 7 1%1 1D N. 00 01 O .~ NMel- 010(400010-^ N en et M M M M t+1 M M M M V V V 7 7 et 7 7 7 01 V1 01 V1 In O 0 r 41 4 41 Total for 2014 Print Date: 8/18/2016 1,422,820.30 i+ C 0 EO a e CO 0 J Interest rate: 3.0800% Administrative Fee: 0 0 0 en M (0 N N N 6 6 c •+6. ca m • '3 0 e 0. LL e .fl O a W 0.1 d E W a, Pr cu 7 N a-, c O e0. 10 O w •+ d W d eis A O 0.( J a u. W CD L 1 J 0.) W e w w Q U o etd U A g L c (0 0) 0) 0) y r F N O A AA 3 E 4 Projec O^M -� M 01 M V V1 m 7 �/'1 N M O 00 N 1D ,n v1 N N O Vl L- O 00 N v1 10 \0 7 N 00 M 1D 00 01 01 10 1D 10 10 10 1D 01 v1 7 M N 10 '0 v1 01 7 M M N N -r •--� V1 V1 vt V1 v1 V1 v1 01 v1 V1 01 V1 1O VD VD 10 10 \O 1O 1D 10 ,0 10 ,0 10 10 10 10 10 10 10 10 0% Orn 01 01 0, 01 0" 01 0, 0\ 0, 01 n n 0 0 0 (- N N n n r- n 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 o O O o o 0 o 0 0 0 0 0 0 0 o 0 0 0 00 0- 7 (- (- M 10 ,0 M t0 \D M M O 00 O N M 7 v1 Vl vl N 01 1D M 00 v1 N 01 10 M O 01 00 7 M 0.1 0 01 00 h O 01 01 01 01 01 01 01 01 00 00 00 M N N N N N N N N N N N l� 00 00 00 N 01 01 N 01 01 V1 N O (: V1 7 N O O1 N v1 00 0 M 10 01 (V vl 00 0011 00 00 0,00 01 0 0 0 0 0 0 0 7 7 7 11 kn. v1 V1 1n 01 01 N 01 O 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N \ N N 01 01 10 00 00 00 O 00 00 01 00 N M 7 ,n 1D h- 01 O •-+ N V1 kn Vl vl v1 v1 0, V1 vl V1 V1 V1 Vl M 41 CV N 0 N 01 01 01 00 GNl n 7 0 n 001 0 O 01 00 10 00 M ( N (. N N 0 0 01 01 00 00 (- 0 0 0 0 o V1 v1 m V1 v1 V1 V1 M 00 b 10 VD VD 10 tD b 0 o0 M 10 10 10 10 10 10 10 In 01 01 01 Qw 01 G.,ON f-0.7 0- (-(-0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C. 0 0 0 0 0 0 0 0 0 10 1D 10 M 1D 10 N 01 Cl 7 M N 0 00 10 M N 0n N 7 00 e{ 00 S ON v1 7 01 0 01 0- V1 N 00 00 00 00 00 N N 00 V1 N N N N N N N N M N �. N 7 N 0 O0M 000 7 © •-" M O 7 M v5 O- 00 O Vl M v1 vi Vl 10 ti Total for 2015 • 4.4 o 0 0 0 0 0 0 0 \ N N N N N N N 7 0o 00 00 01 00 00 -+ N 01 7 01 V0 l- 00 10 10 10 1D 10 10 10 10 O 0 0 0 0 0 O 0 0 0 0 0 N N N N N N N N N N O O 0 0 0 0 0 0 N N N N N N N N 7 v1 10 n o0 01 O : N•. -� N 01 7 v1 ,0 ['- 00 veli v41 '41 'co 411 n'0 1100'0 .0'0'0'0 ,0'0 00 '0 0 N N rn N N GO r 00 M O 0 0 01 ce N N Total for 2016 0 0 0 00 N 0 0 rA 00 7