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AMOUNT: $'75,000.00
PROMISSORY NOT~
DATE:
RECEIVED
' h ,: lB i~f'~ ._
,1 EA N Ix! E 4 ~,,5 I,~ E R
October 24, 2003
FOR VALUE RECEIVED, CRAIG WELLS STEED, of Auburn, Lincolu
County, Wyoming, and JASON MILLER, of Denver Colorado, (Makers), promise to pay
fo the Order of Stanley Steed, of Aubm-n, Wyoming, or his heirs or assigns, the suul of
Seventy - Five Thousaud Dollars ($75,000.00) in monthly installments of Six Hundred
Twenty - Five Dollars ($625.00) each, commencing on January 1, 2004, and continuing
on the same date of each succeeding lnOnth roi' one hundred twenty months (120) month
until the balauce of the promissory note, together with interest thereon shall have been
paid. The promissory note shall bear interest at the rate of five percent (5%) per annum.
Payments shall be first at)plied to reduction of principal then to interest. In case the
Makers shall fail to pay any instalhnent payment at the time the same is du.e, the whole of
the principal sum then relnainingunpaid, together with the interest that shall have
accrued thereon, shall at the election of the holder of this note become at once due and
payable. Such election to be made at any .time after default and without notice. Notice of
non-payment, dishonor, demand, and protest are hereby waived; and Makers hereby
promise to pay reasonable attorney's fees if this note is collected by an attorney with or
without suit or sale of security.
Dated this ct~la
22.~ c ay of October, 2003
5AffiG~L~< ST~EED~
Promissory Note
Steed
Pal 1 of I