Promissory Note, dated as of September 30, 2021, by and between Coosa Nursing, LLC and the Exchange Bank of Alabama

Contract Categories: Business Finance - Note Agreements
EX-4.17 2 rhe-ex417_921.htm EX-4.17 PROMISSORY NOTE, DATED AS OF SEPTEMBER 30, 2021, BY AND BETWEEN COOSA NURSING, LLC AND THE EXCHANGE BANK OF ALABAMA. rhe-ex417_921.htm

Exhibit 4.17

 

 

 

BALLOON ADDENDUM

DCN: 753AE5030AC3CE5C00A0BDC6362B3C88

DATE

09/30/2021

DEBTOR'S NAME(S)

LENDER'S NAME

COOSA NURSING ADK, LLC

The Exchange Bank of Alabama

DEBTOR'S ADDRESS

LENDER'S ADDRESS

454 Satelllite Blvd NW
Suwanee, GA 30024

PO Box 1100

Gadsden, AL 35902

NOTE NUMBER

577832

PRINCIPAL AMOUNT

$5,146,391.81

RATE

3.9500 %

MATURITY DATE

10/10/2026

COLLATERAL:

ALL ASSETS

513 Pineview Ave Glencoe, AL 35905

See exhibit "A" for legal description made a part hereof the same as if fully set out herein.

This loan is payable in full on the maturity date specified above. You must repay the entire principal balance of the loan and unpaid interest then due. The bank is under no obligation to refinance the loan at that time. You will, therefore, be required to make payment out of other assets that you may own, or you will have to find a lender, which may be the bank you have this loan with, willing to lend you the money. If you refinance this loan at maturity, you may have to pay some or all of the closing costs normally associated with a new loan even if you obtain refinancing from the same bank.

IN WITNESS HEREOF, the parties have affixed their signatures and seals this day.

 

 

 

 

 

 

 

DEBTOR'S SIGNATURE(S)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brent Morrison,Manager of COOSA NURSING ADK, LLCBenjamin A Waites, Manager of COOSA NURSING ADK, LLC