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HomeMy WebLinkAbout916544 ,', (. 00 "., 73 ~,,\ I U . RECEIVED 3/10/2006 at 10:30 AM RECEIVING # 916544 BOOK: 614 PAGE: 73 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY -.-.--- ---- -.--.-- _. ..- --- --,- - - -- -- --- PROMfSSORJ' NOTE AMOUNT: $50;000.00 PATE: MARCH. 2006 FOR VALUE RECEIVED, STAR VALLEY CHEESE CORPOR-\.TION, a 'Wyoming Corporation, Thayne. Wyoming, ("Maker"), promises to pay to the order of MORRIS A. FARINELLA, Trustee of the Farinella Family Trust (the "Trustee"), or their assigns, the principal sum of Fifty Thousand DoHars ($50,000.00), or so much thereof as may nö~' and hereafter be advanced (" Advances"), with interest from the date hereof on the unpaid balance at the rate equal to I /2 of J % in excesS of the prime rate as published ftom time to time in the Wall Street Journal. The Advances shall include all funds expended by the Trustee as are fleOOSßary to maintain the value of the property that is subject to the Mortgage, executed by Maker and payable to the Trustee, dated June 21,2002, notice of said Mortgage recorded in Book 493 Page 607 in the Lincoln County Recorder's Office, in Kemmerer, Wyoming, as amended by the Amendment to Mortgage executed herewith (the "Mortgage"). If no demand is made, interest shall be treated as principal and shall bear interest at the same rate as principal. The payment of this Promissory Note., and the Promissory Noted dated May 10,2002, which is attached hereto as Appendix "A" (the "2002 Note"), are secured by the Mortgage in the cumulative amount of the outstanding balance of the 2002 Note, the Advances and the interest accrued thereon. If an action is brought to enforce the provisions of this Promissory Note, the undersigned shalt pay reasonable attorneys fees. Dated this J~day of March, 2006 STAR VALLEY CHEESE CORPORATION . -I l ~};¡~ ~er -- BY: BY: j i l~f'J . d11 \; 1Þv~1') ,.. ..Þ.{4I£f¿£( VICe Pre ¡dent <;¡~~~~~mJ;~ (),"~~t:" ,.., :"1 ·1""'·':·' ,",', '.0','0'. ',....~:.) L-r-i ;~: !;;~;~~:·~::ß;';:i;:,'ì i1m;~~~~T~1mf C00074 STATE OF WYOMING ) ) SS. COONTY OF LINCOLN ) The foregoing instrument was acknowledged befhre me by r~ ~,secrctaryrrreasurcr, this 1=- day of March, 2006. WITNESS my hand and official seal. ~,~-- My Conunission Expires:~_ft - 5- 07 HaDI BROWN· NOTARY PlØJO County of . Stste cI Uncoln WyomIng My CommissIon expires August 5. 2009 STATE OF CALIFORNIA ) ) SS. COUNTY OF LOS Ai""iGELES ) 1,'he fOfcgoing instrument was acknowledged befòlP me, by HU¡JD r\/)IA~-t>4"~_,_,,,_,_, Vice President, this ~tk day of March, 2006. /f)/<'--1" ' ÑÖfÁ~Y PlJBÜC My Commission Expires: }/.-,>"1" >~'6 (" MANUEL U, MARIN _ Comm!$SIon:l 1387946 ~ Nbfory Public . California j.....\:. .. '. .. .... ............. t..OS A..n.gq.· ....'.I:ì...s.....c.ou.n. . tv. .. ..f MyC~1YTl~Nov29.~ .... . .~ "-4- ........... "Qi. "'. tJ.. 4»r