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<br />. <br /> <br />e <br /> <br />. <br /> <br />, <br /> <br />EXHIBIT A <br /> <br />SECURED PROMISSORY NOTE <br /> <br />San Francisco, California <br /> <br />$800,000.00 <br /> <br />June 16 <br /> <br />, 19.J!...0 <br /> <br />FOR VALUE RECEIVED, the undersigned promises to pay to <br /> <br /> <br />the order of WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank"), at <br /> <br />its Santa Ana office, 2323 North Broadway, Santa Ana, California, <br /> <br />or at such other place as may be designated in writing by the <br /> <br />holder of this note, and at the times herein specified, the <br /> <br />principal sum of EIGHT HUNDRED THOOSAND.AND no/100ths DOLLARS <br /> <br /> <br />($800,000.00) with interest on all principal advanced hereunder <br /> <br />from the date above stated at the rate of eiqht 7/lOper centum <br /> <br />8.70 %) per annum (computed and charged on the basis of a <br /> <br />365-day year). <br />(a) <br /> <br />Insofar as $150,000 of tþe proceeds of the loan <br /> <br />evidenced by this note are intended to be used for the funding <br /> <br /> <br />of a Qualified Take-Out Loan (as hereinafter defined) in the <br /> <br />amount of $150,000 to Steven J, Keiser and Paula B, Keiser <br /> <br />("Keiser Loan"), as described in a certain commitment letter <br /> <br />("Keiser Commitment Letter") from Bank dated April <br /> <br />, 1980: <br /> <br />Interest only on $150,000 of the principal amount of this note <br /> <br /> <br />shall be payable semi-annually from the date of this note to the <br /> <br />Keiser Funding Date (as hereinafter defined) and on the Keiser <br /> <br /> <br />Funding Date, and thereafter both principal and interest on said <br /> <br />amount of $150,000 shall be payable in twenty (20) equal semi- <br /> <br />annual installments of <br /> <br />Seven Thousand Three Hundred Sixtv- <br /> <br />Eight Dollars and 72/100************************* <br /> <br />~~ <br /> <br />5E. <br />