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Interest upon all principal advanced under this
Note shall accrue, from the date of its advance and
until repaid, at a rate of ten and seven tenths percent
(10.70%) per annum. * * *
Principal and interest due Lender under this Note shall
be payable as follows:
(a) A payment of Ninety One Thousand Five Hundred Two
and 83/100 Dollars ($91,502.83), including princi-
pal and accrued and unpaid interest, shall be due
and payable on March 9 2002; a payment of Ninety
One Thousand Five Hundred Two and 83/100
Dollars($91,502.83), including principal and ac-
crued and unpaid interest, shall be due and pay-
able on March 9 2003; a payment of Ninety One
Thousand Five Hundred Two and 83/100
Dollars($91,502.83), including principal and ac-
crued and unpaid interest, shall be due and pay-
able on March 9 2004, a payment of Ninety One
Thousand Five Hundred Two and 83/100
Dollars($91,502.83), including principal and ac-
crued and unpaid interest, shall be due and pay-
able on March 9 2005; and
(b) The entire remaining principal balance, plus all
accrued and unpaid interest, shall be due and
payable in full on June 9, 2005.
* * * * * * *
This Note shall be IN DEFAULT and, at Lender’s
option, the total unpaid principal under this Note, all
accrued interest thereon and all other amounts owed by
any Maker to Lender, whether evidenced by this Note or
otherwise, shall be immediately due and payable, with-
out notice, protest, or demand, upon the occurrence of
any one or more of the following events of default:
(a) the failure of any Maker to pay any amount when due
or to perform any other obligation as required under
this Note; (b) the occurrence of any default by any
Maker or any future guarantor (there presently being no
guarantors) of this Note (called a “Guarantor” below)
under any other obligation to or agreement with Lender
or any SUPERVALU Entity (as defined below), including
any default by any Maker or any Guarantor under any
supply agreement in favor of any SUPERVALU Entity and
any failure by any Maker or any Guarantor to pay any
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