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<br />BXHIBIT A <br /> <br />NO'l'E <br /> <br />$150,000 <br /> <br />I 1993 <br /> <br />FOR VALUE RECEIVED, the undersigned, New arighton Senior <br />Assisted Livin9 Limited Partnership, a Minnesota limited <br />partnership ("TransfereeU), promises to pay to t.he City of New <br />Brighton, Minnesota (the "city"), a. m.unicipal corporation and a <br />politioAl subdivision of the state of Minnesota, or its o~dc~ the <br />principal SUA on One Hundred Fifty Thousand Dollars ($150,000), <br />wit.h interest from t.he date hereof at t.he rat.e of zero percent. <br />(O.OOi) per annum on the unpaid balance. The unpaid balance and <br />a~~ accrued interest thereon sholl be payAble in full on the <br />Maturity Date as defined below. Borrower may, at its option, <br />p~epay Ule NoLe ox any po~Llon Lhereor on any daLe. <br /> <br />-The Maturity Date of this Note shall occur when the <br />Redevelopment property 1s sold, transferred or refinanced, <br />whiohever occurs tirst. <br /> <br />All payments ot principal shall be payable at the principal <br />office of the City in New Brighton, Minnesota or such other place <br />as the City may designate in writing. <br /> <br />~his Note is issued pursuant to a certain Second Amendment <br />to Contract for private Development, dated , <br />1993, by and between t.he Transferee and the City, the terms and <br />provisions of whioh are inoorporated herein by reference. <br /> <br />In the event of default in the payment of this Note and if <br />the same is collected by an attorney at law, Transferee agrees to <br />paY all coats of oollection including a reasonable attorney's <br />fee. <br />