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MEMORANDUM
Toy Mayor, City Council, and City Manager
From: Mark T. Sokolow, City Attorney ~r,,.( ~a~c2o--~
Dater January 9, 2008 -__"
Subject: P. R. No. 14517; Council Meeting January 15, 2008
Attached is P. R. No. 14517 as it pertains to the
payment terms of the YMCA Promissory Note.
MTS:gt
Attachment
cc: Mr. Patrick Murphy, YMCA
Rebecca Underhill, Director of Finance
a.pr145ll memo
P. R. No. 14517
01/08/08 gt
RESOLIITION N0.
A RESOLIITION AS IT PERTAINS TO THE PAYMENT
TERMS OF THE YMCA PROMISSORY NOTE
WHEREAS, pursuant to Ordinance No. 06-121, the City sold the
building at 6760 9th Avenue to the YMCA. for $1,000,000; and
WHEREAS, the .$1,000,000 was to be paid as denoted in Exhibit
"A"; and
WHEREAS, the YMCA 'has already paid $50,000 toward the
promissory note on or about December 20, 2006; and
WHEREAS, the YMCA desires to pay off the note as follows:
The YMCA will'pay $161,000 on or before January 31, 2008..
With the previous $50,000 that has been paid, their total
payments on the note should be $211,000 as of January 31,
2008. The YMCA also agrees to pay an additional $25,000
on or before January 19, 2009, and pay an. additional
$25,000 on or before January 4, 2010 to make their total
payments as of January 4, 2010 to be $261,000. Upon
receipt of the $261,000, the- YMCA will have satisfied
their obligations under Paragraphs 1 and 2 of Exhibit "A"
to the Note.
WHEREAS, the YMCA will agree to pay'$739,000 under Paragraph 3
of Exhibit "A" to the Note,' with the amortization schedule as noted
in 'Exhibit "B"
z.pr14517
NOW THEREFORE, BE IT RESOLVED BY THE CITY COIINCIL OF THS CITY
OF PORT ARTHIIR, TERA5:
Section 1. That the facts and opinions in the preamble are
true and correct.
Section 2. That the City Council approves the payment
schedule as denoted as follows as to satisfy the YMCA obligations
under .Paragraph 1 and 2 of Exhibit "A" to the Note:
The YMCA will pay $161,000 on or before January 31, 2008.
With the previous $50,000 that has been paid, their total
payments on the note should be $211,000 as of January 31,
2008. The YMCA also agrees to pay an additional $25,000 on
or before January 19, 2009, and pay an additional $25,000
on or before January 4, 2010 to make their total payments
as of January 4, 2010 to be $261,000. Upon receipt of the
$261,000, the YMCA will have satisfied their obligations
under Paragraphs 1 and 2 of Exhibit "A" to the Note.
Section 3. ~ That the City Council approves the amortization
schedule for the $739,000 note as delineated in Exhibit "B" as to
satisfy the YMCA obligations under paragraph 3 of Exhibit "A" of
the Note:
Section 4. That a duly authorized representative of the
YMCA will sign this resolution agreeing to the terms thereof..
Section 5. That a copy of the caption of this Resolution
be spread upon the Minutes. of the City Council.
Z.pr14b17:
READ, ADOPTED AND APPROVED on this day of
A:D., 2008, at a Meeting of the City Council. of the City of Port
Arthur, Texas, by the following vote: AYES:
Mayor '
Councilmembers
NOES:
MAYOR
ATTEST:
ING CITY SECRETARY
APPROVED A3 TO FORM:
~/( ~'~~/
CITY ATTORNEY
APPROVED FOR ADMINISTRATION:
CITY MANAGER
AGREED TO:
YOUNG MEN'S CHRISTIAN ASSOCIATION
Of Port Arthur, a Texas non-profit
corporation
Executive Director
z.pr19519
EXHIBIT KA"'
TO THE RESOLUTION
SECURED PROMISSORY NOTE
EFFECTIVE DATE: .December 2Q 2006
MAKER: YOUNG MEN'S CHRISTIAN ASSOCIATION ofPort Arthur, a Texas non-profit
corporation .
MAKER'S MAILING ADDRESS (including county):
6'16 0
69Hd- 9`h Avenue
Port Arthur, TX 77642
(Jefferson County)
PAYEE: CITY OF PORT ARTHUR
PLACE FO.R PAI'ME]VT (including county):
P.O. Box 1089
Port Arthur, TX 77641-1089
(Jefferson County)
PRINCIPAL AMOUNT: One Million and No/100 ($1;000,000.00) Dollars
ANNUAL INTEREST RATE ON UNPAID PRINCIPAL FROM DATE:
In accordance with Exhibit "A" attached to this note
ANNUAL INTEREST RATE ON MATURED, UNPAID AMOUNTS:'
In accordance with Exhibit "A" attached hereto.
MATURITY DATE:
On or before December 19, 2019.
TERMS OF PAYMENT (principal and interest):
Maker promises to may to the order of Payee the principal amount plus interest at the rate
stated in Exhibit "A" attached hereto. All unpaid amounts are due by the maturity date.
After maturity, Maker promises to pay any unpaid principal balance plus interest at the
rate shown on Exhibit "A" attached hereto.
PREPAYMENT:.
Maker may prepay all or any part of the principal of this note before maturity without
penalty and interest shall immediately cease to' accrue on any amount so prepaid.
Prepayments shall be applied to installments on principal in the inverse order of maturity
so that they will pay the last maturing principal installments frst, and these prepayments
will not reduce the amount or time ofpayment of the remaining installments.
SECURITY FOR PAYMENT:
A Deed of Trust lien of even date herewith naming Stephen Fitzgibbons, City Manager
of the City of Port Arthur as Trustee, or his successor in office.
PROPERTY DESCRIPTION:
See Exhibit "B'~ attached hereto.
DEFAULT:
Default shall be deemed to have occurred upon the occasion of any of the following:
When any installment or payment of principal or interest of this note is not paid
when due.
2. Default under the terms of any security agreement given by Maker as security
for the payment of this note.
3. The insolvency of Maker.
4. The commencement ofany proceeding, procedure or remedy'and enforcement of
a judgment against Maker with respect to the property.
5. If any governmental authority or any court at the instance thereof takes
possession of any substantial part of the property or assumes control overthe
affairs or operations of Maker or is appointed to takes possession of the property
of Maker or if any order or attachment or garnishment is issued or made against
any property of the Maker or any other liable party.
6. If Maker is dissolved, wound up, liquidated or otherwise terminated or a party to
any merger or consolidation without the written consent of Payee.
7. If Maker sells substantially all or an integral portion of its assets without the
prior written consent of Payee.
~~
8. Any representative of Maker makes false statements or representation in this
agreement.
9. If Maker is dissolved.
10. Makers permit the impairment of any of the Security by loss, theft, damage, levy
and execution, or destruction, unless it is promptly replaced with security of like
kind and quality or restored to its former condition.
Notwithstanding any other provision of this note, in the event of a default, before
exercising any of Payee's remedies under this note or any deed of trust with vendor's
lien securing it, Payee will first give Maker written notice of default and Maker will
-have ten days after notice is given in which to cure the default. If the default is not
cured ten days afer notice, Maker waives all demand for payment, presentation for
payment, notice of intention to accelerate maturity, notice of acceleration of maturity,
protest, and notice of protest, to the extent permitted by law.
REMEDY UPON DEFAULT:
Upon default as above defined, this note becomes and be due and payable forthwith
without demand, notice of default. notice of intent to accelerate the maturity of this
note, notice of acceleration of this note, notice ofnon-payment, presentment, protest-
ornotice ofdishonor, all of which are expressly waived by Maker. Failure of Payee
to exercise this option upon default does not waive the right to exercise-it in the event
or any subsequent default.
REMEDIES:
All remedies provided for in this note, the Deed of Trust and any other loan
document are cumulative of each other in all other remedies existing in law or in
equity. Payee shall have the right to avail itself of all such other remedies as may now
or hereafrer exist at law or in equity for the collection of the indebtedness.
PAYEES ACCEPTANCE:
Prom time to time, any payment under this note that is past due or less than the
payment in full of all amounts due and payable will not constitute a waiver of or
impair or extinguish the rights of Payee to accelerate the maturity, of the note or to
exercise any other power or authority that ma}~ be available to protect its rights
hereunder nor will it constitute a waiver of the requirement of punctual payment and
performance, nor will it constitute a novation in any respect.
JURISDICTION AND VENUE:
Maker submits to jurisdiction in the State of Texas and venue in Jefferson County,
Texas for the enforcement of any and all obligations under this note or any security
agreement executed concurzent herewith as security For payment of the note.
OBLIGATIONS:
If this note is not paid at maturity whether by acceleration or otherwise and is placed in
the hands of any attorney for collection, or suit is filed hereon, or proceedings are had in
probate, bankruptcy, receivership; reorganization, arrangement or other legal
proceedings for collection hereof, Maker and each other liable party agree to pay Payee
its collection costs, including court costs and a reasonable amount for attorney's fees. -
ENTIRE AGREEMENT:
This note and the other loan documents herein identified set forth the entire
agreement of the parties. There are no oral conditions, representations, inducement
agreements or commitments affecting this note, the other Loan Documents, and other
loans or advances that Payee has made or may make to Maker. Payee has made no
oral commitments or agreements to advance monies or make additional loans to °
Maker. No extension or variation in the terms ofpayment ofthis note, and no release
of liability and/or collateral securing this note, and no satisfaction of this note in
whole or in part in exchange for collateral or otherwise, is binding on Payee unless
the same is in writing signed by Payee or its duly authorized legal representative.
Maker is signing this note and other Loan Documents of its own free will and accord,
without threat or duress, and without reliance on any statement, inducement,
agreement; or representation of any kind or nature whatsoever that is not expressly
set out in this note and the other Loan Documents.
Interest on the debt evidenced by this note shall not exceed the maximum amount of nonusurious
interest that may be contracted for.'taken, reserved, charged, or received under law; any interest in
excess of that maximum amount shall be credited on the principal of the debt or, if that.has been
paid, refunded. On any acceleration or required or permitted prepayment, any such debt or, if the
principal of the debt has been paid, refunded. This provision overzides other provisions in this and
all other instruments concerning the debt.
This note binds and inures to the benefit of Maker and Payee and their respective legal
representatives, successors and assigns; provided, however, that Maker may not assign this note or
any loan funds, or assign or delegate any of its rights or obligations, without the prior written consent
of Payee in each instance.
This note will be construed under the lawsof the state of Texas, without regard fo choice-of--law rules
of any jurisdiction.
MISCELLANEOUS:
Time is of the essence in the payment of this note.
~~ 4
When the context requires, sirigular nouns and pronouns include the plural.
FINAL AGREEMENT: THIS WRITTEN AGREEMENT REPRESENTS THE FINAL
AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY,
EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR' SUBSEQUENT ORAL
AGREEMENTS OFTHE PARTIES. THERE ARE NO UNVF'RITTEN ORAL AGREEMENTS
BETWEEN THE PARTIES.
YOUNG MEN'S CHRISTIAN ASSOCIATION of Port
Arthur,. a Texas non-profit corporation
By:
its Executive Director
ACCEPTED AND APPROVED this the a0 day of December; 2006. .
GRANTEE:
CITY OF PORT ARTI~UR
Its City Manager
5
ACFINOWLEDGEMENT
THE STATE OF TEXAS: ~ §
5
COUNTY~OF JEFFERSON: §
BEFORE NE, THEUNDERSIGNED NotaryPUblic, on this day
personally appeared ' i'A tr,c>T C1U~p ~ known to me to be
the person whose name is described to the foregoing instrument,
and acknowledged to me that he executed the same as the act and
deed of the Young Men's Christian Association of Port Arthur,. for
the purposes and considerations therein expressed, and the
capacities therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this ther~d day of
MCP ~~A.D, zoo6.
NOTARY LIC, STATE OF TEXAS
`,s~""PaYpp"~o-, TONYA SUMMERLIN
=i;~L~` Natary.Puhlic State of Texas
' Commission Expires
~'~"~'oF~P° APRIL 22, 2007
/rte
EXHIBIT "A"
The sum of One Million and No/100 ($1,000,000.00) Dollars to be paid to the CITY OF PORT
ARTHUR by the YOUNG MEN'S CHRISTIAN ASSOCIATION of Port Arthur (YMCA), a Texas
non-profit corporation, in the following manner:
1. The sum of Two Thousand and No/100 ($2,000.00) Dollars per month to be credited as
a principal reduction payments for a period of thirty-six (36) months with the first
payment to be made on or before 7anuary 20, 2007 and a like payment to be due and
payable on the same day of each month thereafrerfor aperiod of thirty-six (36) months.
There will be no interest charged or paid for the first thirty-six (36) months of said
payment obligation.
2. During the first 36 months of the payment obligation, should there be conducted' a
fundraiser by the YMCA, then a cumulative amount raised up to the sum of $72,000.00
will be applied toward the prepayment of the principal balance due and owing to the
CITY OF PORT ARTHUR.. Upon the payment of $72,000.00 during said period of
time, if paid, then any additional sum of money raised above $72,000.00 during the
same period of time shall be divided equally between the YMCA and the CITY OP
PORT ARTHUR with the amount paid to the CITY OF PORT ARTHUR to be applied
toward reduction of the principal balance due and owing to the CITY OF PORT
ARTHUR by the YMCA.
3. Upon the end of the first thirty-six (36) month term of the note, the remaining principal
balance then due and owing will be-paid over a period of one hundred hventy (120)
months, including interest at the rate of five (5%) percent per annum as to the unpaid
principal balance, same to be paid in montlil}~ installments to the end that the entire
principal balance' together with earned interest will be. paid in full on or before
December 19, 2019.
4. Each payment of principal and interest afrer the first 36 months term of the note will be
applied in the following manner:
Each payment made shall be applied first to discharge the accrued' interest with
the balance of such payment to applied to the reduction of principal.
5. All past due principal and accrued but unpaid interest will bear interest at the rate of ten
(10%) percent per annum.
INITIAL:
CA
INITIAL:
CI Y OF PORT ARTHUR
6
E~BIT `B"
Tract I.
Surface estate only in and to:
Abttact of land out of the B. B. B. & C. R. R. Survey No. 386 Abstract No. 80 in
Jefferson County, Texas, and being a part of Lot 6, Block 10 Range "H" of the Lands of
the Port Arthur Land Company, Jefferson County, Texas, as the same appears upon the
map or plat thereof, on file and. of record in Vol. 1 Page 22 Map Records of Jefferson
County, Texas and also being a part of the land conveyed by H. W. Gilbert to Yount-Lee
Oil Company by Deed dated July 10, 1929 recorded in Vol. 327 page 579 of the Deed
Records of Jefferson County, Texas, being more fu]ly described by metes and bounds as
follows, to-wit:
BEGINNING at a !/2" iron rod set at the North comer of Lot 6, Black 10, Range H of said
subdivision;
THENCE South 53° 18' 14" East with the Northeast line of said Lot 6 a distance of 822 7.5
feet to a %2" iron rod set on the North line of a 30 fdot wide right-of--way. that was
conveyed to Shell Pipe Line Corporation by Stanolind Oil and Gas Company on August
31, 1942, and is now owned and operated by Cayuse Pipeline, Inc. and is designated as
Right-of--Way No. I52;
THENCE South 63°10'52" West with the North line of said right-of--way a distance of
733.55 feet to a %" iron rod set marking its intersection with the Southwest line of said
Lot 6;
THENCE North 53°16'36" West with the Southwest line of said Lot 6 a distance of
492.75 feet to a''/z" iron rod set at the West comer of said Lot 6;
THENCE North 36°38'20" East with the Northwest line of said Lot 6 a distance of
660.80 feet to the PLACE OF BEGINNING and containing 9.98 acres of land.
Tract II.
Surface estate only in and to a tract of land out of the Buffalo Bayou, Brazos & Colorado
.Railroad Company Survey No. 386, Abstract No. 80, Jefferson County, Texas, and being
a pat of Lot 5,~ Block 10 Range "H" of the Lands of the Port Arthur Land Company,
Jefferson County, Texas, according to a plat of said subdivision recorded in Vol.. 1 Page
22 of the Plat Records of Jefferson Cotmty, Texas, said tract also being a part of land
conveyed in a Deed dated July 10, 1929 from H. W. Gilbert to Yount-Lee Oil Company
- recorded in Vol. 327 page 579 of the Deed Records of Jefferson County, Texas. The said
tract is more particulazly described as follows::
COMMENCING at the most Westerly comer of Block 10 Range H of the aforesaid
subdivision, being also the most Westerly corner of Lot 5 of said Block and Range;
THENCE North 36 deg. 38 min. 20 sec. East with the Northwest lines of said Lot 5 and
Block 10 Range "H" a distance of 70.00 feet to a %: inch iron rod set at the intersection of
a said Northwest line with the Northeast right-of--way line of Ninth Avenue and the.
PLACE OF BEGINNING of the herein described tract of land;
THENCE 36 deg. 30 min. 20 sec. East with the Northwest lines of said Lot 5 and Block
IO , Rarige "H" a distance of 590.78 feet to a %2 inch iron rod set at the most Northerly
comer ofsaid Lot 5;
THENCE South 53 deg. 16 min. 36 sec. East with the Northeast line ofsaid Lot 5 and the
Southwest line of a 9.98 acre tract a distance of 492.75 feet to a''/Z inch iron rod set at the
most Southerly comer of said 9.98 acre tract in the Northwest line of a 30 foot wide right-
of-way conveyed by Stanolind Oil and Gas Company to Shell Pipe Line Corporation on
August 31, 1942 now owned and operated by Cayuse Pipeline, Inc. and designated as
Right-of--Way No. 152;
THENCE South 63 deg. 10 min. 52 sec. West with the Northwest line of said Right-of-
Way No. 152 a distance of 661.88 feet to a '/i inch iron set at the intersection of said
Northwest line with the Northeast right-of-way line of the aforesaid Ninth Avenue;
THENCE North 52 deg. 14 min. 50 sec. West with said Northeast right-of--way line a
distance of 95.93 feet to a % inch rod set at an angle point in said line;
THENCE North 53 deg. 14 min. 50 sec. West with said Northeast right-of--way line a
distance of 101.05 -feet to the PLACE OF BEGINNING and containing 4.69 acres of
land, more or less.
~~
EXHIBIT'~B"
TO THE RESOLUTION
01/08/2008 1:50:30 PM Page 1
Compound Period......... Monthly
Nominal Annual Rate .... : 5.000 % r ,
CASH FLOW DATA ~ '
Event Date Amount Number Period End Date
1 Loan 12/19/2009
01/19/201'0 739,000.00
7,838.24 1
120 Monthly
12/19/2019'
2 Payment
AMORTIZATION SCHEDULE -Normal Amortization
Date Payment Interest Principal Balance
739,000.00
Loan 12/19/2009
00
0 0.00 0.00
2009 Totals .
1 01/19/2010 7,838.24 3,079.17
34 4,759.07
90
778
4 734,240.93
729,462.03
2 02/19/2010
10
/ 7,838.24
24
838
7 3,059.
3,039.43 .
,
4,798.81 724,663.22
19/20
3 03
4 04/19/2010 .
,
7,838.24 3,019.43 4,818.81
89
838
4 719,844.41
715,005.52
5 05/19/2010
10 7,838.24
24
838
7 2,999.35
2,979.19 .
,
4,859.05 710,146.47
6 06/19/20
7 07/19/2010 .
,
7,838.24 2,958.94
61 4,879.30
63
899
4 705,267.17
700,367.54
8 08/19/2010
0 7,838.24
24
838
7 .2,938.
2,918.20 .
,
4,920.04 695,447.50
9 09/19/201
10 10/19/2010 .
,
.
7,838.24 2,897.70 4,940.54
13
961
4 690,506.96
685,545.83
11 11/19/2010
0 7,838.24 2,877.11 .
, .
680,564.03
12 12/19/201
2010 Totals g4 058.88 35,622.91 58,435.97
13 01/19/2011 7,838.24 2,835.68 5,002.56
40
023
5 675,561.47
670,538.07
14 02/19/2011
1 7,838.24
24
838
7 2,814.84
2,793.91 .
,
5,044.33 665,493.74
15 03/19/201
16 04/19/2011 .
,
7,838.24 2,772.89
8 5,065.35
46
086
5 660,428.39
655,341.93
17 ~ 05/19/2011
1 7,838.24
24
838
7 2,751.7
2,730.59 .
,
.5,107.65 650,234.28
18 06/19/201
19 07!19/2011 .
,
7,838.24 2,709.31 5,128.93
30
150
5 645,105.35
639,955.05
20 08/19/2011 7,838.24
24
838
7 2,687.94
2,666.48 .
,
5,171.76 634,783.29
21 09/19/2011
22 10/19/2011 .
,
7,838.24 2,644.93 5,193.31
95
214
5 629,589.98
624,375.03
23 11/19/2011 7,838.24 ~ 2,623.29 .
, 619,138.35
24 12/19/2011
2011' Totals g4 058.88 32,633.20
r 61,425 68
25 01/19/2012 7,838.24 2,579.74
83
5 5,258.50
41
280
5 613,879.85
608,599.44
26 02/19/2012 7,838.24
24
838
7 7.
2,5
2,535.83 .
,
5,302:41 603,297.03
27 03/19/2012
28 04/19/2012 .
,
7,838.24 2,513.74 5,324,50
69
346
5 597,972.53
592,625.84
29 05/19/2012 7,838.24-
24
838
7 2,491.55
2,469.27 .
,
5,368.97 587,256.87
30 06/191201.2
31 07/19/2012 .
,
7,838.24 2,446.90 5,391,34 581,865.53
01/08/2008 1:50:30 PM Page 2
Date Payment Interest Principal Balance
32 08/19/2012 7,838.24
24
8 2,424.44
88
401
2 5,413.80
436.36
5 576,451.73
571,015.37
33
34 09/19/2012
10/19/2012 .
7,83
7,838.24 .
,
2,379.23 ,
5,459.01 565,556.36
35 11/18/2012 .
7,838.24 2,356.48 5,481.76 .560,074.60
36 12/19/2012 7,838.24 ~ 2;333:64 5,504.60 554,570.00
2012 Totals 94,058.88 29,490.53 64,568.35
37 01/19/2013 7,838.24 2,310.71 5,527.53 549,042.47
38 02/19/2013 7,838.24 2,287.68 5,550.56 543,491.91
39 03!1912013 7,838.24 ~ 2,264.55 5,573.69 537,918.22
40 04/19/2013 7,838:24 2,241.33 5,596.91 532,321.31
41 05/19/2013 7,838.24 2,218.01 5,620.23 526,701.08
42 06/19/2013 7,838.24 2,194.59
07
1 5,643.65
17
667
5 521,057.43
390.26
515
43
44 07/19/2013
08/19/2013 7,838.24
7,838.24 .
2,17
2,147..46 .
,
~ 5,690.78 ,
509,699.48
45 09/19/2013 7,838.24 2,123.75
94
9 5,714.49
30
738
5 503,984.99
246.69
498
46
47 10/19/2013
9/2013
11/1 7,838.24
7,838.24 .
2,09
2,076.03 .
,
5,762.21 ,
492,484.48
48 .
12/19/2013 7,838.24 2,052.02 5,786.22 486,698:26
2013 Totals 94,058.88 26,187.14 67,871.74
49 01/19/2014 7,838.24 2,027.91 `
70 5,810.33
54
834
5 .480,887.93
053.39
475
50
51 02/19/2014
03/19/2014 7,838.24
7;838.24 2,003.
1,979.39 .
,
5,858.85 ,
469,194.54
52 04/19/2014 7,838.24 1,954.98
6 5,883.26
78
907
5 463,311.28
403.50
457
53
54 05/19/2014
06/19/2014 7,838.24
7,838.24 1,930.4
1,905.85 .
,
5,932.39 ,
451,471.11
55 07/19/2014 7,838.24 1,881.13
31 5,957:11
93
981
5 445,514.00
532.07
439
56
57 08/19/2014
09/19/2014 7,83824
7,838.24 1,856.
1,831.38 .
,
6,006.86 ,
433,525.21.
58 10/19/2014 7,838.24
24 1,806.36
22
781
1 6,031.88
057.02
6 427,493.33
421,436.31
59
60 11/19/2014
12/19/2014 7,838.
7,838.24 .
,
1,755.98 ,
6,082.26 415,354.05
2014 Totals 94,058.88 22,714.67 71,344.21
61' 01/19/2015 7,838.24 1,730.64
19 6,107.60
133
05
6 409,246.45
113.40
403
62
63 02/19/2015
03/19/2015 7,838.24
7,838.24- 1,705.
1;679.64 .
,
6,158.60 ,
396,954.80
64 04/19/2015- 7,838.24 ~ 1,653.98
21 6,184.26
03
210
6 390,770.54
560.51
384
65
66 05/19/2015
06/19/2015 7,838.24
7,838.24 1,628.
1,602.34 .
,
6,235:90 ,
~ 378,324.61
67 07/19/2015 7,838.24 1,576.35
26 6,261.89
98
287
6 372,062.72.
774.74
365
68
69 08/19/2015
09/19/2015 7,838.24
838.24
7 1,550.
1,524.06 .
,
6,314.18 ,
359,460.56
70 10/19/2015 ,
7,838.24 1,497.75
33 6,340.49
91
366
6 353,120.07
753.16
346
71
72 11!1912015
12/19/2015 7,838.24
7,838:24 1,471.
1,444.80 .
,
6,393.44 ,
340,359.72
2015 Totals 94,058.88 19,064.55 74,994.33 ,
73 01/19/2016 7,838.24 1,418.17
42 6,420.07
446
82
6 333,939.65
.327
492.83
74 02/19/2016 7,838.24 1,391. .
, ,
01/08/2008 1:50:30 PM Page 3
Date Payment Interest Principal Balance
75 03/19/2016 7,838:24 1,364:55 6,473.69 321,019.14
76 04/19/2016 7,838.24 1,337.58 6,500.66 314,518.48
77 05/19/2016 7,838.24 1,310.49 6,527.75 307,990.73
78 06/19/2016 7,838.24 1,283.29 6,554.95 301,435.78
79 07/19/2016 7,838.24 ~ 1,255.98 6,582.26 294,853.52
80 08/19/2016 7,838.24 1,228.56- 6,609.68 288,243.84
81 09/19/2016 7,838.24 1,201.02 6,637.22- 281,606.62
82 10/19/2016 7,838.24 1,173.36 6,664.88 274,941.74
83 11/19/2016 ~ 7,838.24 1,145.59 6,692.65 268,249.09
84 12/19/2016 7,838.24 1,117.70 6,720.54. 261.,528.55
2016 Totals 94,058.88 15,227.71 78,831.17
85 01/19/2017 7,838.24 1,089.70 6,748.54 254,780.01
86 02/19/2017 7,838.24 ' 1,061.58 6,776.66 248,003.35
87 03/19/2017 7,838.24 1,033.35 6,804.89 241,198.46
88 04/19/2017 7,838.24' 1,004.99 6,833.25 234,365.21
89 05/19/2017 7,838.24 976.52 6,861.72 227,503.49
90 06/19/2017 7,838.24 947.93 6,890.31 220,613.18
91 07/19/2017 7,838.24 919.22 6,919.02 213,694.16
92 08/19/2017 7,838.24 890.39 6,947.85 206,746.31
93 09/19/2017 7,838.24 861.44 6,976.80 199,769.51
94 10/19/2017 7,838.24 832.37 7,005.87 192,763.64
95 11/19/2017 7,838.24 803.18. 7,035.06 185,728.58
96 12/19/2017 7,838.24 773.87 7,064.37 178,664.21
2017 Totals 94,058.88 11,194.54 82,864.34
97 01/19/2018 7,838.24 744.43'' 7,093.81 171,570.40
98 02/19/2018 7,838.24 .714.88 7,123.36 164,447.04
99 03/19/2018 7,838.24 685.20. 7,153.04 157,294.00.
100 04/19/2018 7,838.24 655.39 7,182.85 150,111.15
101 05/19/2018 7,838.24 625.46 7,212.78 142,898.37
102 06/19/2018 7,838.24 595.41 7,242.83 135,655.54
103 07/19/2018 7,838.24 565.23 7,273.01 ..128,382.53
104 08/19/2018 7,838.24 534.93 7,303.31 121,079.22
105 09/19/2018 7,838.24 504.50 7,333.74 113,745.48
106 10/19/2018 7,838.24 473:94 7,364.30 106,381.18
107 11/19/2018 7,838.24 443.25 7,394.99 98,986.19
108 12/19/2018 7,838.24 412.44 7,425.80 91,560.39
2018 Totals 94,058.88 6,955.06 87,103.82
109 01/19/2019 7,838.24 381.50 7;456.74 84,103.65
1'10 02/19/2019 .
7,838.24 350.43 7,487.81 76,615.84
111 03/19/2019 7,838.24 319.23 7,519.01. 69,096.83
112 04/19/2019 7,838.24 287.90 7,550.34. 61,546.49
113 05/19/2019 7,838.24 ~ 256.44 7,581.80 53,964.69
114 "06/19/2019 7,838.24 224.85 7,613.39 46,351.30
115 07/19/2019 7,838.24 1.93.13 7,645.11 38,706.19
116 08/19/2019 7,838.24 161.28 7,676.96 31,029.23
117 09/19/2019 7,838.24 129.29 7,708.95 23,320.28
118 10/19/2019 7,838.24 97.17 7,741.07 15,579.21'
119 11/19/2019 7,838.24 64.91 7,773.33 7,805.88
01/08/2008 1:50:30 PM Page 4
Date
120 12/19/2019
2019 Totals
Grand Totals
7,838.24
94,058.88
940.588.80
.Interest Principal Balance
32.36 ~ 7,805.88 0.00
2,498.49 91,560,39
201,588.80 739,000.00