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. ' ` . 3 % 8 3 <br />? <br />EXHIBIT A <br />U N I T E D S T A T E S 0 F A M E R I C A <br />STATE OF OHIO <br />CITY OF NORTH OLMSTED <br />INDUSTRIAL DEVELOPMENT FIRST MORTGAGE REVENUE NOTE <br />(FAIRVIEW ENTERPRISES, INC. PROJECT) <br />December , 1983 <br />The City of North Olmsted (the "Issuer"), a municipal corporation <br />and political subdivision in the State of Ohio, for value received, <br />promises to pay to SOCIETY NATIONAL BANK, Cleveland, Ohio, or registered <br />assigns, but solely from the sources and in the manner hereinafter <br />referred to, the principal sum of TWO MILLION FIVE HUNDRED THOUSAND <br />DOLLARS ($2,500,000) with interest thereon from the date hereof to April <br />14, 1989 at the rate of eight and three quarters percent (8 3/4X) per <br />annum and thereafter for each subsequent Interest Perfod (as hereinafter <br />defined) at a rate per annum which shall be 175 basis points in excess <br />of the Interest Index (as hereinafter defined) determined as of the <br />first day of each such Interest Period. "Interest Period(s)" means the <br />period of time from the date hereof to March 14, 1989 and each of the <br />following periods: <br />March 15, 1989 to March 14, 1994 <br />March 15, 1994 to March 14, 1999 <br />March 15, 1999 to maturity <br />"Interest Index" means the five year Prime GO Rate for Municipal Bonds <br />published in the weekly Solomon Brothers, Inc. Bond Market Round Up; <br />provided that in the event the publication of such index is discon- <br />tinued, the Interest Index for subsequent Interest Periods shall be the <br />Alternative Interest Index. "Alternate Interest Index" means the aver- <br />age five year coupon rate of at least five new general obligation state <br />and/or municipal bond issues rated AAA or AA or their equivalents by <br />either Moody's Investor's Service, Inc. or Standard & Poor's Corporation <br />issued within the preceding five business days to a combination of at <br />least three recognized dealers in government securities (including U.S. <br />Government, state and municipal securities), as determined by the Hold- <br />er; provided, that to the extent at least five of such issues have not <br />been issued within said period, the Holder may include in computing such <br />Index the five year coupon rate of any such recent issues not issued <br />within said period but currently selling at 95% to lOSX of their par <br />35