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� i ' 'f � I <br /> , � I <br /> � t I <br /> -5- <br /> by the Land Trustee in the amount of the Loan substantially in <br /> the Form of Exhibit A annexed. <br /> "Project" - Renovation and improvement of One Main Place, <br /> a downtown Decatur commercial building containing office space <br /> and Jimmy Ryan's restaurant. <br /> "Real Property" - The above described real property. <br /> "Regulations" - The regulations promulgated by HUD pursuant <br /> to the Act in Title 24 of the Code of Federal Regulations, as <br /> amended. <br /> ARTICLE II - The Loan. <br /> 2 . 1 The Loan. Decatur agrees, on the terms and conditions <br /> and relying upon the representations and warranties set forth in <br /> this Agreement, to make the loan to Cardwell in an amount not ' <br /> exceeding $1,400, 000. 00. The Loan will be funded with the I <br /> proceeds of the Decatur Loan. <br /> 2 . 2 The Note. The Loan shall be evidenced by the Note. <br /> 2 . 3 Interest. The Note shall bear interest on the <br /> outstanding principal balance at the Interest Rate. (If any <br /> installment of the Note is not paid when due, whether because <br /> such installment becomes due on a Saturday, Sunday or a holiday <br /> or for any other reason, Cardwell will pay interest thereon at <br /> the aforesaid rate until the date of actual receipt of such <br /> installment by the holder of the Note. ) <br /> 2 .4 Prepayment. Subject to the following terms and <br /> conditions, Cardwell shall have the right to prepay at any time <br />