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?,?..? ..,?..??.v..,.?. <br /> <br />? <br />.. ? <br />., <br />If an Event of Default (as defined in the Agreement) shall occur, <br />this Note shall immediately bear interest at a rate per annum which is <br />two percent (2X) in excess of the Prime Rate, as the Prime Rate is in <br />effect on the first day of each month for which payment is made, and the <br />entire unpaid balance of this Note may be declared due and payable as <br />provided by the Agreement, but subject to waiver of such default or <br />rescission of such declaration as provided in the Agreement. <br />This Note shall not constitute the personal obligation, either <br />jointly or severally, of the members of the City Council or any other <br />officers of the Issuer. <br />IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and <br />things necessary to be done or performed by the Issuer or to have hap- <br />pened precedent to and in the issuing of this Note in order to make it <br />a valid and legally binding special obligation of the Issuer enforceable <br />in accordance with its terms, and precedent to and in execution and <br />delivery of the Agreement have been done and performed and have happened <br />in regular and due form as required by law; that payment in full for <br />this Note has been received; and that this Note does not exceed or <br />violate any constitutional or statutory limitation. <br />IN WITNESS WFEREOF, the City Council of the City of North Olmsted <br />has caused this Note to be executed in the name of the Issuer by the <br />signatures of the Mayor and Finance Director and the seal of the Issuer <br />to be affixed hereon, all as of the day of December, 1983. <br />SEAL CITY OF NORTH OLMSTED <br />Mayor <br />Finance Director <br />41