Laserfiche WebLink
_ . _ ..r. _,i �� �.��� �.�,_ .. �.._._._.w <br /> And replacin�that first sentence with a new first sentence (as described below): <br /> "FOR VALUE RECEIVED, SHORES CHILDCARE, LLC, a California <br /> limited liability company(collectively "Borrower") promise(s)to pay to the order of THE CITY <br /> OF REDWOOD CITY, a municipal corporation ("Lender"), at 1017 Middlefield Road, <br /> Redwood City, California, or at such other place as the holder of this Note may from time to time <br /> designate in writing, the principal sum of three million two hundred thousand dollars <br /> ($3,200,000) together with interest from the Close of Escrow in connection with Borrower's <br /> acquisition of the real property described in the Leasehold Deed of Trust securing this Note (the <br /> "Delivery Date"), computed on the outstanding principal balance hereof at an interest rate per <br /> annum equal to the Local Agency Investment Fund ("LAIF") apportionment rate as published <br /> from time to time by the Treasurer of the State of California applicable as of the immediately <br /> preceding calendar quarter plus 250 basis points to and including the Maturity Date hereof(as <br /> hereinafter defined). Borrower shall pay the outstanding balance of the Note at the LAIF plus <br /> 250 basis points interest rate beginning with the payment due on October 1, 2013 and continuing <br /> until the Note balance is paid off." <br /> 2. Subject to the foregoing amendment, the Note remains in full force and <br /> effect. <br /> IN WI'TNESS WHEREOF, the Borrower has executed this First Amendment to <br /> Note Secured by Deed of Trust on the day and year first hereinabove written. <br /> BORROWER: <br /> Shores Childcare, LLC, <br /> a California li rted 'ability compa , <br /> By: � <br /> Max A. Keech <br /> Its: Manager <br /> ATTY/AGR/2013.159/FIRST AMENDMENT TO NOTE SECURED BY DEED OF TRUST SHORES CHILDCARE <br /> REV:09-09-13 MLG <br /> Page 2 of 2 <br />