**Exhibit 10.25**

 

**INTERESTRATE CONVERSION AGREEMENT**

**(SegmentedLoan Pricing Program)**

 

1.               **INTENT TO AMEND NOTE**. The undersigned GreatPlains Ethanol, LLC. a South Dakota Limited Liability Company (Borrowers) areliable for payment of a loan (Loan) and owners of properly securing the Loanfrom AgCountrv Farm Credit Services, FLCA (Lender), evidenced by a promissorynote (“Note”) dated June 19,2002 in a face amount of $32,500,000.00, with a maturity date of October 1, 2013.

 

Borrowers andLender amend the repayment terms of the Loan as described in thisAgreement  All other terms and conditionsof the Note, and or agreements amending it, if any, shall continue to applyexcept as changed by this Agreement.

 

2.               **SEGMENTED PRICING**. The Loan shall bedivided into two segments. The existing segment of the Loan in the principalsum of $16,500,000.00 (“Original Segment”) will remain on Lenders records underthe existing loan number. The newly segmented portion of the Loan in theprincipal sum of $10,000.000.00 (“New Segment”) will be recorded on Lender’srecords as Loan No. 7655731000

 

3.               **INTEREST RATE** Beginning on March 1,2006 the interest rate for the Original Segment shall initially be 7.21 percentper year and will change as described in item I below. Beginning on March 1, 2006, the interest rate for the New Segment shall initially be8.55 percent per year and will change as described in Item D below.

 

**A.****            VARIABLE INTEREST RATE—** The rate of Interest will vary from time to lime during the remainingterm of the Loan at the option of the Lender.

 

**B.****            CAPPED VARIABLEINTEREST RATE —** The rate of interest will vary from time to time, but notto be higher than                    percentage points through                    ,             after which the rate of interest will vary from time to time during theremaining term of the Loan at the option of the Lender.

 

**C.****            CAPPED NON-INDEXEDVARIABLE INTEREST RATE —** The rate of interest will vary from time to timeduring the remaining term of the Loan at the option of the Lender. The Interestrate is not based on an index. Except in the event of default, the annual rate of interest will notincrease or decrease by more than 6.00% above or below the initial annual rateof interest set out above on any single change date or during the term of theLoan.

 

**D.****            ADJUSTABLE INTERESTRATE** (Administered) — On the first day of March, 2011, the rate of interestwill be adjusted, and on dates occurring at successive intervals of 5 year(s)each thereafter during the remaining term of the Loan. The rate will not beincreased or decreased prior to said date or during any one of such adjustmentintervals except in the event of default. On said date and at the end of eachsuch adjustment interval, the rate will automatically adjust to the Adjustableinterest rate then in effect for this class of loan.

 

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**E.****              ADJUSTABLE INTERESTRATE** (indexed) — On the first day of                                       ,                ,the interest rate will be adjusted, and on dates occurring at successiveintervals of                years each thereafter during the remaining term of the Loan. The interest ratewill be based upon the index for adjustments. The index for adjustments in theinterest rate is the estimated weekly average available for the one-year bondsfunding cost index as reported by the Federal Farm Credit Banks FundingCorporation at its Web site, found in the Farm Credit System, Funding CostIndex, Archive section at http://www.FARMCRED1T-FFCB.com, for that weekwhich contains the date that is 45 days before the date the interest rate is tobe adjusted. If the date that is 45 days before the date the interest rate isto be adjusted is not a business day, the Lender shall use that estimatedweekly average for the one-year bonds funding cost index for that week whichimmediately precedes the 45-day date. If this index is no longer available, theLender will select a new index which is based on comparable information. TheLender will give the Borrower notice of this choice. The new interest rate willbe calculated by adding                    percentage points to the current index and rounding the total to the nearestone-eighth of one percent. On any single adjustment date, the new interest ratemay not increase or decrease the rate that it replaces by more than                    percentage points. In addition, at no time during the term of the Note may theinterest rate be more than                    percentage points higher or lower than the initial rate if the Note is not indefault, or more then                          percentage points plus the default rate higher than the initial rate duringperiods of default

 

**F.****              PRIME BASED INTERESTRATE —** On the first day of each month the interest rate shall be adjustedby adding a margin or                          percentage points to the index. This margin shall remain in effect until thefirst day of                                       ,                   ,at which time Lender may change the margin at its discretion, and Lender may continueto change the margin at successive intervals of                    year(s) each thereafter. The index for adjustments is the prime rate reportedon the tenth day of each month preceding the interest rate change date by theWail Street Journal in its daily listing of money rates, defined therein as “thebase rate on corporate loans posted by at least 75 percent of the nation’s 30largest banks.” If a prime rate is not reported on the tenth day of a month,the prime rate reported on the first business day preceding the tenth day ofthe month will be used, if this index is no longer available, Lender willselect a new index which is based upon comparable information.

 

**G.****            FIXED INTEREST RATE —**The rate of interest will not Increase or decrease except in the event of default.

 

**H.****            FIXED THEN INDEXEDADJUSTABLE INTEREST RATE —** The initial fixed interest rate will change toan adjustable interest rate on the first day of                                       ,                   .On that date the adjustable interest rate will be initially determined byadding a margin of                    percentage points to the then-current index for adjustments and rounding thetotal to the nearest one-eighth of one percent. At successive intervals of 1year(s) each (the “Adjustment interval”) after the date the adjustable interestrate is initially determined, the interest rate will be adjusted by adding thatsame margin to the then-current index for adjustments and rounding the total to****the nearestone-eighth of one percent. Once the interest rate changes to an adjustableinterest rate, the interest rate will be based upon the index for adjustments. Theindex for adjustments in the interest rate is the estimated weekly averageavailable for the one-year bonds funding cost index as reported by

 

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the FederalFarm Credit Banks Funding Corporation at its Web site, found in the Farm CreditSystem, Funding Cost index, Archive section athttp://www.FARMCREDIT-FFCB.com, for that week which contains the date that is45 days before the date the adjustable interest rate is to be either initiallydetermined or subsequently adjusted. If the date that is 45 days before eitherthe date specified above or an Adjustment interval is not a business day, theLender shall use that estimated weekly average for the one-year bonds fundingcost index for that week which immediately precedes the 45-day date. If thisindex is no longer available, the Lender will select a new index which is basedon comparable information. The Lender will give the Borrower notice of thischoice. On any single adjustment date, the new interest rate may notincrease or decrease the rate that it replaces by more than                    percentage points. In addition, at no time during the term of the Note may theinterest rate be more than                    percentage points higher or lower than the initial rate if the Note is not indefault, or more then                    percentage points plus the default rate higher than the initial rate duringperiods of default.

 

**I.****                 LIBOR BASEDINTEREST RATE —** On the first day of each month the interest  rate shall be adjusted by adding a margin of3.00 percentage points to the index. The margin shall remain in effect untilthe first day of June 2006, at which time Lender may change themargin at its discretion, and Lender may continue to change the margin atsuccessive intervals of 1 year(s) each thereafter. The index for adjustments isthe One Month London Interbank Offered Rate (“One Month LIBOR”) reported on thetenth day of the month preceding the Interest rate change date by the WallStreet Journal in its daily listing of money rates, defined therein as “theaverage of interbank offered rates for dollar deposits in the London marketbased on quotations at five major banks.” If a One Month LIBOR rate is not reported on the tenth day of a month,the One Month LIBOR rate reported on the first business day, preceding thetenth day of the month will be used. If this index is no longer available,Lender will select a new index which is based upon comparable information. Interestmay be based on a 360 or 365-day year as the Lender may determine.

 

Unless theinterest rate for the Loan is a Fixed interest Rate, each time the interestrate is increased or decreased, the unpaid principal balance shall be subjectto the new increased or decreased rate, as the case may be, and periodicadjustments to the interest rate will result in corresponding changes in theamount of installments as provided n the Note or the amount due at maturity ifthe Loan is not payable in installments.

 

**J.****              PRIME INTEREST RATE(Daily) —** On any business day the interest rate shall be adjusted by addinga margin of                    percentage points to the index. The margin shall remain in effect for 1 day atwhich time Lender may change the margin, and at 1 day intervals thereafter.The Index for adjustments is the prime rate for the previous business day asreported by the Wall Sweet Journal in its daily listing of money rates, definedtherein as “the base rate on corporate loans posted by at least 75 percent ofthe nation’s 30 largest banks.”  If thisindex is no longer available, Lender will select a new index which is basedupon comparable information. Interest shall be calculated on the basis of ayear consisting of 360 days.

 

**K.****            FED FUNDS INTERESTRATE (Daily) —** On any business day the interest rate shall be adjusted byadding a margin of                   percentage points to the index. The margin shall remain in effect for 1 day atwhich time Lender may change the margin, and at 1 day intervals thereafter.The index for adjustments is the Federal Funds Target Rate for the previousbusiness day as reported by the Federal Reserve as the Intended Federal FundsRate

 

3

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athttp://www.federalreserve.gov/fomc/fundsrate.htm  and defined therein as “the rate at whichdepository institutions lend balances at the Federal Reserve to otherdepository Institutions overnight.”  Ifthis index is no longer available, Lender will select a new index which isbased upon comparable information, interest shall be calculated on the basis ofa year consisting of 360 or 365 days as the Lender may determine.

 

**L.****             BBA LISOR INTERESTRATE (30) —** On any Banking Day (as defined herein) the interest rate shallbe adjusted by adding a margin of                        percentage points to the index. The margin shall remain in effect for 1 monthat which time Lender may change the margin, and at 1 month intervalsthereafter. The index for adjustments is the rate rounded upward to the nearestthousandth) for U.S. dollar deposits as of 11:00 a.m. London lime in theLondon interbank market as indicated by Moneyline Telerate or such otherservice designated by the British Bankers Association (“BBA”) on the day thatis two Banking Days prior to the interest rate change date (“LIBOR”). BankingDay shall mean a day on which Lender is open for business, dealings in U.S.dollar deposits are being carried out in the London interbank market, and banksare open for business in New York City and London, England. The interest rate may beadjusted on the numerically corresponding day in the next calendar month,provided, however, that (i) in the event such day is not a Banking Day,such period shall be extended to the next Banking Day unless such next BankingDay falls in the next calendar month, in which case it shall end on thepreceding Banking Day; and (ii) if there is no numerically correspondingday in the month, then such period shall end on the last Banking Day in therelevant month. If this index is no longer available, Lender will select a newindex which is based upon comparable information, interest shall be calculatedon the basis of a year consisting of 360 days.

 

**M.****          BBA LIBOR INTEREST RATE(90) —** On any Banking Day (as defined herein) the interest rate shall beadjusted by adding a margin of                    percent to the index. The margin shall remain in effect for 3 months at whichtime Lender may change the margin, and at 3 month intervals thereafter. Theindex for adjustments is the rate (rounded upward to the nearest thousandth)for U.S. dollar deposits as of 11:00 a.m. London time in the Londoninterbank market as indicated by Moneyline Telerate or such other servicedesignated by the British Bankers Association (“BBA”) on the day that is twoBanking Days prior to the interest rate change date (“LIBOR”). Banking Dayshall mean a day on which Lender is open for business, dealings in U.S. dollardeposits are being carried out in the London interbank market, and banks areopen for business in New York City and London, England. The interest rate may beadjusted on the numerically corresponding day that is 90 days thereafter,provided, however, that: (i) in the event such day is not a Banking Day,such period shall be extended to the next Banking Day unless such next BankingDay falls in the next calendar month, in which case it shall end on thepreceding Banking Day; and (ii) if there is no numerically correspondingday in the month, then such period shall end on the last Banking Day in therelevant month. If this index is no longer available, Lender will select a newindex which is based upon comparable information. Interest shall be calculatedon the basis of a year consisting of 360 days.

 

**N.****            BBA LABOR INTERESTRATE (90.10th preceding month) —** On any Banking Day (as defined herein) theinterest rate shall be adjusted by adding a margin of percentage points to theindex. The margin shall remain in effect for 3 months at which time Lender may changethe margins, and at 3 month intervals thereafter. The Index for adjustments isthe rate (rounded upward to the nearest thousandth) for U.S. dollar deposits asof 11:00 am, London

 

4

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time in theLondon interbank market as indicated by Moneyline Telerate or such otherservice designated by the British Bankers Association (“BBA”) on the day thatis the tenth day of the month preceding the interest rate change date (“LIBOR”).Banking Day shall mean a day on which Lender is open for business, dealings inU.S. dollar deposits are being carried out in the London interbank market, endbanks are open for business in New York City and London, England. The interestrate may be adjusted on the numerically corresponding day that is 60 daysthereafter, provided, however, that (i) in the event such day is not aBanking Day, such period shall be extended to the next Banking Day unless suchnext Banking Day fails in the next calendar month, in which case it shall endon the preceding Banking Day. If this index is no longer available, Lender willselect a new index which is based upon comparable information. Interest shallbe calculated on the basis of a year consisting of 300 days.

 

**4.****              PREPAYMENTS.**

 

a)              Except for the loanor loans identified below, if any. Borrowers may make advance payments inany amount and at any time without penalty.

 

: Prepayment InterestCharge on Loan No(s) 7655731000. Borrowers may only make advance paymentssubject to the additional conditions specified on the addendum(s) attached tothis Agreement

 

b)             Regardless of theselection made above, all prepayments shall, at the option of the Lender, (1) beheld by the Lender and then applied to installments of principal and interestnext scheduled to mature in the order of maturity, (2) be immediatelyapplied to payment of principal then outstanding, resulting in a reamortizationof the remaining balance of the Loan over the remaining term under the existingpayment plan and in a corresponding reduction in the amount of futureinstallments of principal and interest, or (3) be immediately applied topayment of principal then outstanding with a corresponding reduction in thenumber of future installments of principal and interest in the inverse order ofmaturity, thus discharging the Loan at en earlier date; provided, in any event,the Lender may, at its option, first apply any such prepayment to the paymentof interest accrued to the date of prepayment

b)             Regardless of theselection made above, all prepayments shall, at the option of the Lender, (1) beheld by the Lender and then applied to installments of principal and interestnext scheduled to mature in the order of maturity, (2) be immediatelyapplied to payment of principal then outstanding, resulting in a reamortizationof the remaining balance of the Loan over the remaining term under the existingpayment plan and in a corresponding reduction in the amount of futureinstallments of principal and interest, or (3) be immediately applied topayment of principal then outstanding with a corresponding reduction in thenumber of future installments of principal and interest in the inverse order ofmaturity, thus discharging the Loan at an earlier date; provided, in any event,the Lender may, at its option, first apply any such prepayment to the paymentof interest accrued to the date of prepayment

 

**5.****              DEFAULT RATE.**Prior to maturity, in the event of default under the terms of the Note or theinstruments securing payment of the Note, the entire unpaid principal balanceof the Loan and all advancements shall bear interest from the date of defaultuntil such default is cured or the Loan is accelerated by reason of default atthe rate or rates equal to the interest rate or rates for the Loan that wouldotherwise be in effect during the period of default plus 2.00 percent per annum(the “default rate”), and the amount of such interest in excess of interestotherwise accruing in the absence of default shall be immediately due andpayable. At maturity or upon acceleration of the Loan by reason of default asprovided in the Note, the

 

5

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entireindebtedness, including all principal, interest and advancements, shall bearinterest until paid at the default rate in effect at the time of maturity oracceleration, as the casa may be.

 

**6.****              FINANCIALSTATEMENTS.** Upon request by the Lender, the Borrowers agree to provide averifiable balance sheet and income statement, and such other recordsspecifically required by the promissory note/loan agreement, mortgage, othersecurity documents, or any amendatory agreement to any of these, in a form acceptableto the Lender.

 

**7.****              ASSIGNMENT OF NOTE.**If the Note is assigned or transferred to another institution charteredpursuant to the Farm Credit Act of 1671, as amended, the interest rate underthe Note may be established by the institution in accordance with thisAgreement and related loan documents. However, upon an assignment or transferto a party not chartered under the Act, in the absence of maturity oracceleration as provided in the Note, the following apply; (a) IfParagraph 3A, 3B, 3C, 3E, or 3H is selected, then adjustments in the interestrate will be made only on the dates occurring at successive intervals of oneyear each after the first day of the month and year of such assignment basedupon an index and margin. The index will be the weekly average yield on UnitedStates Treasury securities from the Federal Reserve Board, adjusted to aconstant maturity of one year. (b) If Paragraph 3D is selected, theinterest rate will continue to be adjusted on the dates and intervals describedtherein based upon an index and margin. The index will be the weekly averageyield on United States Treasury securities from the Federal Reserve Boardadjusted to a constant maturity of a length equal to the length of the intervalbetween adjustments specified above (if U.S. Treasury yield figures are notavailable for this length, the U.S. Treasury yield figures which are availablefor the closest length of time which is shorter than the interval betweenadjustments will be used). (c) For all interest rate adjustments, themargin will be the amount by which the interest rate in effect hereunder at thetime of the assignment, in the absence of default, exceeds the index that wouldhave been effective for the date that this interest rate was established forthe Note (the last previous repricing date). The new interest rate will becalculated by adding the margin to the applicable current index and roundingthe total to the nearest one-eighth of one percent, subject, however, to theprovision herein for a higher default rate. The current index will be the mostrecent index available as of 45 days before the date the interest rate is to beadjusted. If the applicable index is not available, the Lender will select anew index which is based upon comparable information. The interest rate shallnever exceed the rate permitted by applicable law.

 
| DATED:                                     | March 1, 2006 |                       |   |   |
|--------------------------------------------|--------------------|----------------------------|--------|--------|
|                                       |               |                       |
| BORROWERS:                                 |               | LENDER  (Named Above)      |
|                                       |               |                       |
| Great Plains  Ethanol, LLC, a South Dakota | By:                | /s/ Randy  Aberle          |   |
| Limited,  Liability Company,               |               | Authorized  Representative |
|                                       |               |                       |
| /s/ Rick  Serie                            |               |                       |   |
| RICK SERIE,  GENERAL MANAGER/CEO           |               |                       |   |
|                                       |               |                       |   |
|                                       |               |                       |   |
|                                            |                    |                            |        |        |  |  |  |

 

6

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**ADDENDUM TOINTEREST RATE CONVERSION AGREEMENT**

 

For Loan No(s) 7655731000

 

This is an addendum to an Interest RateConversion Agreement dated March 1, 2006 and contains additional terms andconditions which are a part of the agreement.

 

Not withstanding any provisions or languagecontained in the NOTE or any Interest Rate Conversion Agreement or any otherdocument to the contrary, the Borrowers have no right to make advance paymentsof principal without the Lender’s Consent, which the Lender will not grantexcept upon the terms and subject to the conditions hereinafter provided. Inorder to induce the Lender to agree to accept such advance payments, theBorrowers agree to pay to Lender a prepayment fee for all such prepayments. Theprepayment fee shall be due and payable for each such advance payment made byBorrowers, whether made voluntarily or involuntarily, including any prepaymenteffected by the Lender’s exercise of the acceleration clause in the Note. Theprepayment fee shall also be due and payable if the Borrowers want to convertthis loan product to another loan product offered by Lender and shall be paidon the effective date of such conversion.

 

**The prepayment fee shall be calculated asstated in Section 2.11(c) of the Amended and Restated CreditAgreement dated July 12, 2005 between Lender and Borrower.**

 

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**Mortgage LoanAmortization**

 

| **Term Loan** | ** ** | **Current  Loan**                                                     | ** **   | **Original  Loan** (If  Repricing) |
|---------------|------------|-----------------------------------------------------------------------|--------------|------------------------------------|
|          |       | $l0,000,000.00  Loan Amount                                           |         | $0.00                              |  Loan Amount |
|          |       | 8.55% interest Rate                                                   |         | 0.00%                              |  Interest Rate |
|          |       | 7.6 Years Amortization                                                |         | 0                                  |  Years Amortization |
|          |       | 4 Payment(s) Per Year                                                 |         | $0.00                              |  Interest to Repricing Date |
|          |       | I L=Level Payment F=Fixed Principal                                   |         | $0.00                              |  Fixed  Payment (IP Only) |
|          |       | 3  1  2006   Date interest Starts* (or Repricing Date) |         |                               |   |
|          |       | 4  1  2006   First Interest Payment                    |         |                               |
|          |       | 4  1  2006   First Principal Payment                   |         |                               |
|          |       | 10 1 2013  Final  Payment(Override if a Balloon)                 |         |                               |
|          |       |                                                                  |         |                               |
| Total         |       | 10,000,000.00                                                         | 3,562,301.42 |                               | 13,562,301.42 |
|               |            |                                                                       |              |                                    |  |  |  |

 
| **Pmnt  Num** | ** ** | **Mn** | ** ** | **Date  Dy Yr** | ** ** | **Principle  Payment** | ** ** | **Accrued  Interest** | ** ** | **Total  Payment** | ** ** | **Remaining  Balance** | ** ** |
|---------------|------------|--------|------------|----------------------|------------|------------------------|------------|-----------------------|------------|--------------------|------------|------------------------|------------|
| 1             |       | 4      |       | 1 2006               |       | 236,950.06             |       | 73,625.00             |       | 310,575.06         |       | 9,763,049.94           |       |
|          |       | 7      |       | 1 2006               |       | 242,014.67             |       | 208,685.19            |       | 450,700.06         |       | 9,521,035.08           |       |
|          |       | 10     |       | 1 2006               |       | 247,187.93             |       | 203,512.12            |       | 450,700.06         |       | 9,273,847.14           |       |
|          |       | 1      |       | 1 2007               |       | 252,471.58             |       | 196,228,48            |       | 450,700.06         |       | 9,021,375.57           |       |
|          |       | 4      |       | 1 2007               |       | 257,868.16             |       | 192,831,90            |       | 450,700.06         |       | 8,763,507.41           |       |
|          |       | 7      |       | 1 2007               |       | 263,380.09             |       | 187,319,97            |       | 450,700.06         |       | 8,500,127.33           |       |
|          |       | 10     |       | 1 2007               |       | 269,009.84             |       | 181,690.22            |       | 450,700.06         |       | 8,231,117.49           |       |
|          |       | 1      |       | 1 2008               |       | 274,759.92             |       | 175,940.14            |       | 450,700.06         |       | 7,956357.57            |       |
|          |       | 4      |       | 1 2008               |       | 280,632.92             |       | 170,067.14            |       | 450,700.06         |       | 7,675,724.65           |       |
|          |       | 7      |       | 1 2008               |       | 286,631 .44            |       | 164,068.61            |       | 450,700.06         |       | 7,389,093.21           |       |
|          |       | 10     |       | 1 2008               |       | 292,758,19             |       | 157,941.87            |       | 450,700.06         |       | 7,096,335.02           |       |
|          |       | 1      |       | 1 2009               |       | 299,015.90             |       | 151,684.16            |       | 450,700.06         |       | 6,797,319.12           |       |
|          |       | 4      |       | 1 2009               |       | 305,407.38             |       | 145,292.70            |       | 450,700.06         |       | 6,491,911.76           |       |
|          |       | 7      |       | 1 2009               |       | 311,935.44             |       | 138,764.61            |       | 450,700.06         |       | 6,179,976.32           |       |
|          |       | 10     |       | 1 2009               |       | 318,603.06             |       | 132,096.99            |       | 450,700.06         |       | 5,861,373.25           |       |
|          |       | 1      |       | 1 2010               |       | 325,413.20             |       | 125,286.85            |       | 450,700.06         |       | 5,535,960.05           |       |
|          |       | 4      |       | 1 2010               |       | 332,368.91             |       | 118,331.15            |       | 450,700.06         |       | 5,203,591.13           |       |
|          |       | 7      |       | 1 2010               |       | 339,473.30             |       | 111,226.76            |       | 450,700.06         |       | 4,864,117.84           |       |
|          |       | 10     |       | 1 2010               |       | 346,729.54             |       | 103,970.52            |       | 450,700.06         |       | 4517,388.30            |       |
|          |       | 1      |       | 1 2011               |       | 354,140.88             |       | 96,559.17             |       | 450,700.06         |       | 4,163,247.41           |       |
|          |       | 4      |       | 1 2011               |       | 361,710.64             |       | 88,989.41             |       | 450,700.06         |       | 3,801,536.77           |       |
|          |       | 7      |       | 1 2011               |       | 369,442.21             |       | 81,257.85             |       | 450,700.06         |       | 3,432,094.56           |       |
|          |       | 10     |       | 1 2011               |       | 377,339.04             |       | 73,361.02             |       | 450,700.06         |       | 3,054,755.52           |       |
|          |       | 1      |       | 1 2012               |       | 385,404.66             |       | 65,295.40             |       | 450,700.06         |       | 2,669,350,86           |       |
|          |       | 4      |       | 1 2012               |       | 393,642.68             |       | 57,057.37             |       | 450,700.06         |       | 2,275,708.18           |       |
|          |       | 7      |       | 1 2012               |       | 402,056.80             |       | 48,643.26             |       | 450,700.06         |       | 1,873,651.39           |       |
|          |       | 10     |       | 1 2012               |       | 410,650.76             |       | 40,049.30             |       | 450,700.06         |       | 1,463,000.63           |       |

 

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| **Pmnt  Num** | ** ** | **Mn** | ** ** | **Date  Dy Yr** | ** ** | **Principle  Payment** | ** ** | **Accrued  Interest** | ** ** | **Total  Payment** | ** ** | **Remaining  Balance** | ** ** |
|---------------|------------|--------|------------|----------------------|------------|------------------------|------------|-----------------------|------------|--------------------|------------|------------------------|------------|
|          |       | 1      |       | 1 2013               |       | 419,428.42             |       | 31,271.64             |       | 450,700.06         |       | 1,043,572.21           |       |
|          |       | 4      |       | 1 2013               |       | 428,393.70             |       | 22,306,36             |       | 450,700.06         |       | 615,178.50             |       |
|          |       | 7      |       | 1 2013               |       | 437,550.62             |       | 13,149,44             |       | 450,700.06         |       | 177,627.89             |       |
|          |       | 10     |       | 1 2013               |       | 177,627.89             |       | 3,796.80              |       | 181,424.68         |       | 0.00                   |       |

 

This schedule is an estimate of futurebillings, and should not be used for making payments or calculating balances.

 

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**Mortgage LoanAmortization**

 

| **Term Loan** | ** ** | **Current  Loan**                                                           | ** **  | **Original  Loan** (If Repricing) |
|---------------|------------|-----------------------------------------------------------------------------|-------------|-----------------------------------|
|          |       | $9,777,896.75  Loan Amount                                                  |        | $0.00                             |  Loan Amount |
|          |       | 7.21% interest Rate                                                         |        | 0.00%                             |  Interest Rate |
|          |       | 7.6 Years Amortization                                                      |        | 0                                 |  Years Amortization |
|          |       | 4 Payment(s) Per Year                                                       |        | $0.00                             |  Interest to Repricing Date |
|          |       | I L=Level Payment F=Fixed Principal                                         |        | $0.00                             |  Fixed  Payment (IP Only) |
|          |       | 3   1  2006   Date interest Starts* (or Repricing Date) |        |                              |
|          |       | 4   1  2006   First Interest Payment                    |        |                              |
|          |       | 4   1  2006   First Principal Payment                   |        |                              |
|          |       | 10 1  2013  Final Payment(Override if a Balloon)                  |        |                              |
|          |       |                                                                        |        |                              |
| Total         |       | 9,777,896.75                                                                | ,893,486.73 |                              | 12,671,365.48 |
|               |            |                                                                             |             |                                   |  |  |

 
| **Pmnt  Num** | ** ** | **Mn** | ** ** | **Date  Dy Yr** | ** ** | **Principle  Payment** | ** ** | **Accrued  Interest** | ** ** | **Total  Payment** | ** ** | **Remaining  Balance** | ** ** |
|---------------|------------|--------|------------|----------------------|------------|------------------------|------------|-----------------------|------------|--------------------|------------|------------------------|------------|
| 1             |       | 4      |       | 1 2006               |       | 244,345.61             |       | 60,707.16             |       | 305,052.77         |       | 9,533,551.14           |       |
|          |       | 7      |       | 1 2006               |       | 248,749.94             |       | 171,84226             |       | 420,592.20         |       | 9,284,801.21           |       |
|          |       | 10     |       | 1 2006               |       | 253,233.65             |       | 167,358.54            |       | 420,59220          |       | 9,031,567.55           |       |
|          |       | 1      |       | 1 2007               |       | 257,798,19             |       | 162,794.01            |       | 420,592.20         |       | 8,773,769.36           |       |
|          |       | 4      |       | 1 2007               |       | 262,445.00             |       | 158,147.19            |       | 420,592.20         |       | 8,511,324.36           |       |
|          |       | 7      |       | 1 2007               |       | 267,175.57             |       | 153,416.62            |       | 420,592.20         |       | 8,244,148.79           |       |
|          |       | 10     |       | 1 2007               |       | 271,991.41             |       | 148,600.78            |       | 420,592.20         |       | 7,972,157.37           |       |
|          |       | 1      |       | 1 2008               |       | 276,894.06             |       | 143,698,14            |       | 420,592.20         |       | 7,695,263.31           |       |
|          |       | 4      |       | 1 2008               |       | 281,885.07             |       | 138,707.12            |       | 420,592.20         |       | 7,413,378.24           |       |
|          |       | 7      |       | 1 2008               |       | 286,966.05             |       | 133,626.14            |       | 420,592.20         |       | 7,126,412.19           |       |
|          |       | 10     |       | 1 2008               |       | 292,138.62             |       | 128,453.58            |       | 420,592.20         |       | 6,834,273.57           |       |
|          |       | 1      |       | 1 2009               |       | 297,404.41             |       | 123,187.78            |       | 420,592.20         |       | 6,536,869.16           |       |
|          |       | 4      |       | 1 2009               |       | 302,765.13             |       | 117827.07             |       | 420,592.20         |       | 6,234,104.03           |       |
|          |       | 7      |       | 1 2009               |       | 308,222.47             |       | 112,369.73            |       | 420,592.20         |       | 5,925,881.56           |       |
|          |       | 10     |       | 1 2009               |       | 313,778.18             |       | 106,814.02            |       | 420,592.20         |       | 5,612,103.38           |       |
|          |       | 1      |       | 1 2010               |       | 319,434.03             |       | 101,158.16            |       | 420,592.20         |       | 5,292,669.34           |       |
|          |       | 4      |       | 1 2010               |       | 325,191.83             |       | 95,400.36             |       | 420,592.20         |       | 4,967,477.51           |       |
|          |       | 7      |       | 1 2010               |       | 331,053.41             |       | 89,538.78             |       | 420,592,20         |       | 4,636,424.10           |       |
|          |       | 10     |       | 1 2010               |       | 337,020.65             |       | 83,571.54             |       | 420,592,20         |       | 4,299,403.45           |       |
|          |       | 1      |       | 1 2011               |       | 343,095.45             |       | 77,496.75             |       | 420,592.20         |       | 3,956,308.00           |       |
|          |       | 4      |       | 1 2011               |       | 349,279.74             |       | 71,312.45             |       | 420,59220          |       | 3,607,028.26           |       |
|          |       | 7      |       | 1 2011               |       | 355,575.51             |       | 65,016.68             |       | 420,59220          |       | 3,251,452.75           |       |
|          |       | 10     |       | 1 2011               |       | 361,984.76             |       | 58,607.44             |       | 420,592.20         |       | 2,889,467.99           |       |
|          |       | 1      |       | 1 2012               |       | 368,509.54             |       | 52,082.66             |       | 420,592.20         |       | 2,520,958.45           |       |
|          |       | 4      |       | 1 2012               |       | 375,151.92             |       | 45,440.28             |       | 420,592.20         |       | 2,145,806.53           |       |
|          |       | 7      |       | 1 2012               |       | 381,914.03             |       | 38,678.16             |       | 420,592.20         |       | 1,763,892.50           |       |
|          |       | 10     |       | 1 2012               |       | 388,798.03             |       | 31,794.16             |       | 420,592.20         |       | 1,375,094.46           |       |
|          |       | 1      |       | 1 2013               |       | 395,806.12             |       | 24,786.08             |       | 420,59220          |       | 979,288.35             |       |

 

----

 
| **Pmnt  Num** | ** ** | **Mn** | ** ** | **Date  Dy Yr** | ** ** | **Principle  Payment** | ** ** | **Accrued  Interest** | ** ** | **Total  Payment** | ** ** | **Remaining  Balance** | ** ** |
|---------------|------------|--------|------------|----------------------|------------|------------------------|------------|-----------------------|------------|--------------------|------------|------------------------|------------|
|          |       | 4      |       | 1 2013               |       | 402,940.52             |       | 17,651.67             |       | 420,59220          |       | 576,347.82             |       |
|          |       | 7      |       | 1 2013               |       | 410,203.53             |       | 10,388.67             |       | 420,592.20         |       | 166,144.30             |       |
|          |       | 10     |       | 1 2013               |       | 166,144.30             |       | 2,994.75              |       | 169,139.05         |       | 0.00                   |       |

 

This schedule is an estimate of futurebillings, and should not be used for making payments or calculating balances.

 

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