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                               Promissory Note


Borrower:   MITY-LITE, INC.                Lender:   ZIONS FIRST NATIONAL BANK
            1301 WEST 400 NORTH                      CENTRAL UTAH COMMERCIAL 
            OREM, UT  84057                          BANKING CENTER
                                                     #1 SOUTH MAIN STREET
                                                     P.O. BOX 25822
                                                     SALT LAKE CITY, UT  84125

Principal Amount: $3,000,000   Initial Rate:  8.500%  Date of Note: 12/15/97 

PROMISE TO PAY.  MITY-LITE, INC. ("Borrower") promises to pay ZIONS FIRST
NATIONAL BANK ("Lender"), or order, in lawful money of the United States of
America, the principal amount of Three Million & 00/100 Dollars
($3,000,000.00) or so much as may be outstanding, together with interest on
the unpaid outstanding principal balance of each advance.  Interest shall be
calculated from the date of each advance until repayment of each advance.

PAYMENT.  Borrower will pay this loan in one payment of all outstanding
principal plus all accrued unpaid interest on December 1, 1998.  In addition,
Borrower will pay regular monthly payments of accrued unpaid interest
beginning January 1, 1998, and all subsequent interest payments are due on the
same day of each month after that.  The annual interest rate for this Note is
computed on a 365/360 basis; that is, by applying the ratio of the annual
interest rate over a year of 360 days, multiplied by the outstanding principal
balance, multiplied by the actual number of days the principal balance is
outstanding.  Borrower will pay Lender at Lender's address shown above or at
such other place as Lender may designate in writing.  Unless otherwise agreed
or required by applicable law, payments will be applied first to any unpaid
collection costs and any late charges, then to any unpaid interest, and any
remaining amount to principal. 

VARIABLE INTEREST RATE.  The interest rate on this Note is subject to change
from time to time based on changes in an index which is the ZIONS FIRST
NATIONAL BANK PRIMATE RATE (the "Index").  "PRIME RATE" MEANS AN INDEX WHICH
IS DETERMINED DAILY BY THE PUBLISHED COMMERCIAL LOAN VARIABLE RATE INDEX HELD
BY ANY TWO OF THE FOLLOWING BANKS:  CHASE MANHATTAN BANK, WELLS FARGO BANK
N.A., AND BANK OF AMERICA N.T. & S.A.  IN THE EVENT NO TWO OF THE ABOVE BANKS
HAVE THE SAME PUBLISHED RATE, THE BANK HAVING THE MEDIAN RATE WILL ESTABLISH
LENDERS' PRIME RATE.  IF, FOR ANY REASON BEYOND THE CONTROL OF LENDER, ANY OF
THE AFOREMENTIONED BANKS BECOMES UNACCEPTABLE AS A REFERENCE FOR THE PURPOSE
OF DETERMINING THE PRIME RATE USED HEREIN, LENDER MAY, FIVE DAYS AFTER POSTING
NOTICE IN LENDERS OFFICES, SUBSTITUTE ANOTHER COMPARABLE BANK FOR THE ONE
DETERMINED UNACCEPTABLE.  AS USED IN THIS PARAGRAPH, "COMPARABLE BANK" SHALL
MEAN ONE OF THE TEN LARGEST COMMERCIAL BANKS HEADQUARTERED IN THE UNITED
STATES OF AMERICA.  THIS DEFINITION OF PRIME RATE IS TO BE STRICTLY
INTERPRETED AND IS NOT INTENDED TO SERVE ANY PURPOSE OTHER THAN PROVIDING AN
INDEX TO DETERMINE THE VARIABLE INTEREST RATE USED HEREIN.  IT IS NOT THE
LOWEST RATE AT WHICH LENDER MAY MAKE LOANS TO ANY OF ITS CUSTOMERS, EITHER NOW
OR IN THE FUTURE.  Lender will tell Borrower the current Index rate upon
Borrower's request.  Borrower understands that Lender may make loans based on
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other rates as well.  The interest rate change will not occur more often than
each DAY.  The Index currently is 8.500% per annum.  The interest rate to be
applied to the unpaid principal balance of this Note will be at a rate equal
to the Index, resulting in an initial rate of 8.500% per annum.  Notice: 
Under no circumstances will the interest rate on this Note be more than the
maximum rate allowed by applicable law.

PREPAYMENT.  Borrower may pay without penalty all or a portion of the amount
owed earlier than it is due.  Early payments will not, unless agreed to by
Lender in writing, relieve Borrower of Borrower's obligation to continue to
make payments of accrued unpaid interest.  Rather, they will reduce the
principal balance due.

DEFAULT.  Borrower will be in default if any of the following happens (a)
Borrower fails to make any payment when due.  (b) Borrower breaks any promise
Borrower has made to Lender, or Borrower fails to comply with or to perform
when due any other term, obligation, covenant, or condition contained in this
Note or any agreement related to this Note, or in any other agreement or loan
Borrower has with Lender.  (c) Any representation or statement made or
furnished to Lender by Borrower or on Borrower's behalf is false or misleading
in any material respect either now or at the time made or furnished.  (d)
Borrower becomes insolvent, a receiver is appointed for any part of Borrower's
property, Borrower makes an assignment for the benefit of creditors, or any
proceeding is commenced either by Borrower or against Borrower under any
bankruptcy or insolvency laws. (e) Any creditor tries to take any of
Borrower's property on or in which Lender has a lien or security interest. 
This includes a garnishment of any of Borrower's accounts with Lender.  (f)
Any guarantor dies or any of the other events described in this default
section occurs with respect to any guarantor of this Note.  (g) A material
adverse change occurs in Borrower's financial condition, or Lender believes
the prospect of payment or performance of the Indebtedness is impaired.  (h)
Lender in good faith deems itself insecure. If any default, other than a
default in payment, is curable and if Borrower has not been given a Notice of
a breach of the same provision of this Note within the preceding twelve (12)
months, it may be cured (and no event of default will have occurred) if
Borrower, after receiving written Notice from Lender demanding cure of such
default:  (a) cures the default within fifteen (15) days; or (b) if the cure
requires more than fifteen (15) days, immediately initiates steps which Lender
deems in Lender's sole discretion to be sufficient to cure the default and
thereafter continues and completes all reasonable and necessary steps
sufficient to produce compliance as soon as reasonably practical.  

LENDER'S RIGHTS.  Upon default, Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, without
notice, and then Borrower will pay that amount.  Upon default, including
failure to pay upon final maturity, Lender, at its option, may also, if
permitted under applicable law, increase the variable interest rate on this
Note to 3.000 percentage points over the index.  The interest rate will not
exceed the maximum rate permitted by applicable law.  Lender may hire or pay
someone else to help collect this Note if Borrower does not pay.  Borrower
also will pay Lender that amount.  This includes, subject to any limits under
applicable law, Lender's reasonable attorney's fees and Lender's legal
expenses whether or not there is a lawsuit, including reasonable attorney's
fees and legal expenses for bankruptcy proceedings (including efforts to
modify or vacate any automatic stay or injunction), appeals, and any
anticipated post-judgment collection services.  If not prohibited by
applicable law, Borrower also will pay any court costs, in addition to all

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other sums provided by law.  This Note has been delivered to
Lender and accepted by Lender in the State of Utah.  If there is a lawsuit,
Borrower agrees upon Lender's request to submit to the jurisdiction of the
courts of SALT LAKE County, the State of Utah.  Subject to the provisions on
arbitration, the Note shall be governed by and construed in accordance with
the laws of the State of Utah.

RIGHT OF SETOFF.  Borrower grants to Lender a contractual possessory security
interest in, and hereby assigns, conveys, delivers, pledges, and transfers to
Lender all Borrower's right, title and interest in and to, Borrower's accounts
with Lender (whether checking, savings, or some other account), including
without limitation all accounts held jointly with someone else and all
accounts Borrower may open in the future, excluding however all IRA and Keogh
accounts, and all trust accounts for which the grant of a security interest
would be prohibited by law.  Borrower authorizes Lender, to the extent
permitted by applicable law, to charge or setoff all sums owing on this Note
against any and all such accounts. 

LINE OF CREDIT.  This Note evidences a revolving line of credit.  Advances
under this Note may be requested orally by Borrower or by an authorized
person.  Lender may, but need not, require that all oral requests be confirmed
in writing.  All communications, instructions, or directions by telephone or
otherwise to Lender are to be directed to Lender's office shown above.  The
following party or parties are authorized to request advances under the line
of credit until Lender receives from Borrower at Lender's address shown above
written notice of revocation of their authority:  GREGORY L. WILSON,
PRESIDENT; STANLEY L. POOL, VICE PRESIDENT/SECRETARY; V. DOUGLAS JOHNSON,
TREASURER; AND BRADLEY T. NIELSON, CHIEF FINANCIAL OFFICER.  Borrower agrees
to be liable for all sums either:  (a) advanced in accordance with the
instructions of an authorized person or (b) credited to any of Borrower's
accounts with Lender.  The unpaid principal balance owing on this Note at any
time may be evidenced by endorsements on this Note or by Lender's internal
records, including daily computer print-outs.  Lender will have no obligation
to advance funds under this Note if:  (a) Borrower or any guarantor is in
default under the terms of this Note or any agreement that Borrower or any
guarantor has with Lender, including any agreement made in connection with the
signing of this Note; (b) Borrower or any guarantor ceases doing business or
is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit,
modify or revoke such guarantor's guarantee of this Note or any other loan
with Lender; (d) Borrower has applied funds provided pursuant to this Note for
purposes other than those authorized by Lender; or (e) Lender in good faith
deems itself insecure under this Note or any other agreement between Lender
and Borrower.

ARBITRATION DISCLOSURES:

   1.  AS USED IN THIS ARBITRATION SECTION, THE TERM "PARTIES" MEANS THE
       LENDER, ANY OTHER SIGNERS HERETO AND PERMITTED SUCCESSORS AND ASSIGNS.

   2.  ARBITRATION IS USUALLY FINAL AND BINDING ON THE PARTIES AND SUBJECT TO
       ONLY VERY LIMITED REVIEW BY A COURT.

   3.  THE PARTIES ARE WAIVING THEIR RIGHT TO LITIGATE IN COURT, INCLUDING 
       THEIR RIGHT TO A JURY TRIAL.

   4.  PRE-ARBITRATION DISCOVERY IS GENERALLY MORE LIMITED AND DIFFERENT FROM
       COURT PROCEEDINGS.
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   5.  ARBITRATORS' AWARDS ARE NOT REQUIRED TO INCLUDE FACTUAL FINDINGS OR
       LEGAL REASONING AND ANY PARTY'S RIGHT TO APPEAL OR TO SEEK MODIFICATION
       OF RULINGS BY ARBITRATORS IS STRICTLY LIMITED.

   6.  A PANEL OF ARBITRATORS MIGHT INCLUDE AN ARBITRATOR WHO IS OR WAS
       AFFILIATED WITH THE BANKING INDUSTRY.

   7.  IF YOU HAVE QUESTIONS ABOUT ARBITRATION, CONSULT YOUR ATTORNEY OR THE
       AMERICAN ARBITRATION ASSOCIATION.

ARBITRATION PROVISIONS:

     (a)  Any controversy or claim between or among the parties, including but
     not limited to those arising out of or relating to the Agreement or any
     agreements or instruments relating hereto or delivered in connection
     herewith, and including but not limited to a claim based on or arising
     from an alleged tort, shall at the request of any party be determined by
     arbitration in accordance with the Commercial Arbitration Rules of the
     American Arbitration Association.  The arbitration proceedings shall be
     conducted in Salt Lake City, Utah.  The arbitrator(s) shall have the
     qualifications set forth in subparagraph (c) hereto.  All statues of
     limitations which would otherwise be applicable in a judicial action
     brought by a party shall apply to any arbitration or reference
     proceedings hereunder.

     (b)  In any judicial action or proceeding arising out of or relating to
     this Agreement or any agreements or instruments relating hereto or
     delivered in connection herewith, including but not limited to a claim
     based on or arising from an alleged tort, if the controversy or claim is
     not submitted to arbitration as provided and limited in subparagraph (a)
     hereto, all decisions of fact and law shall be determined by a reference
     in accordance with Rule 53 of the Federal Rules of Civil Procedure or
     Rule 53 of the Utah Rules of Civil Procedure or other comparable,
     applicable reference procedure.  The parties shall designate to the court
     the referee(s) selected under the auspices of the American Arbitration
     Association in the same manner as arbitrators are selected in
     Association-sponsored arbitration proceedings.  The referee(s) shall have
     the qualifications set forth in subparagraph (c) hereto.

     (c)  The arbitrator(s) or referee(s) shall be selected in accordance with 
     the rules of the American Arbitration Association from panels maintained
     by the Association.  A single arbitrator or referee shall be
     knowledgeable in the subject matter of the dispute.  Where three
     arbitrators or referees conduct an arbitration or reference proceeding,
     the claim shall be decided by a majority vote of the three arbitrators or
     referees, at least one of whom must be knowledgeable in the subject
     matter of the dispute and at least one of whom must be a practicing
     attorney.  The arbitrator(s) or referee(s) shall award recovery of all
     costs and fees (including reasonable attorneys' fees, administrative
     fees, arbitrator's fees, and court costs).  The arbitrator(s) or
     referee(s) also may grant provisional or ancillary remedies such as, for
     example, injunctive relief, attachment, or the appointment of a receiver,
     either during the pendency of the arbitration or reference proceeding or
     as part of the arbitration or reference award.

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     (d)  Judgment upon an arbitration or reference award may be entered in
     any court having jurisdiction, subject to the following limitation:  the
     arbitration or reference award is binding upon the parties only if the
     amount does not exceed Four Million Dollars ($4,000,000.00); if the award
     exceeds that limit, either party may commence legal action for a court
     trial de novo.  Such legal action must be filed within thirty (30) days
     following the date of the arbitration or reference award; if such legal
     action is not filed within that time period, the amount of the
     arbitration or reference award shall be binding.  The computation of the
     total amount of an arbitration or reference award shall include amounts
     awarded for arbitration fees, attorneys' fees, interest, and all other
     related costs.

     (e)  At the Lender's option, foreclosure under a deed of trust or
     mortgage may be accomplished either by exercise of a power of sale under
     the deed of trust or by judicial foreclosure.  The institution and
     maintenance of an action for judicial relief or pursuit of a provisional
     or ancillary remedy shall not constitute waiver of the right of any
     party, including the plaintiff, to submit the controversy or claim to
     arbitration if any other party contests such action for judicial relief.
    
     (f)  Notwithstanding the applicability of other law to any other
     provision of this Agreement, the Federal Arbitration Act, 9 U.S.C. 1 et
     seq., shall apply to the construction and interpretation of this
     arbitration paragraph.

LOAN AGREEMENT.  THIS PROMISSORY NOTE IS MADE IN ACCORDANCE WITH A BUSINESS
LOAN AGREEMENT DATED DECEMBER 6, 1995.

WAIVER OF CLAIMS. BORROWER (i) REPRESENTS THAT IT HAS NO DEFENSES TO OR
SETOFFS AGAINST ANY INDEBTEDNESS OR OTHER OBLIGATIONS OWING TO THE LENDER OR
ITS AFFILIATES (THE "OBLIGATIONS"), NOR CLAIMS AGAINST LENDER OR ITS
AFFILIATES FOR ANY MATTER WHATSOEVER, RELATED OR UNRELATED TO THE OBLIGATIONS,
AND (ii) RELEASES LENDER AND ITS AFFILIATES FROM ALL CLAIMS, CAUSES OF ACTION,
AND COSTS, IN LAW OR EQUITY, EXISTING AS OF THE DATE OF THIS NOTE, WHICH
BORROWER HAS OR MAY HAVE BY REASON OF ANY MATTER OF ANY CONCEIVABLE KIND OR
CHARACTER WHATSOEVER, RELATED OF UNRELATED TO THE OBLIGATIONS, INCLUDING THE
SUBJECT MATTER OF THIS NOTE.  THIS PROVISION SHALL NOT APPLY TO CLAIMS FOR
PERFORMANCE OF EXPRESS CONTRACTUAL OBLIGATIONS OWING TO BORROWER BY LENDER OR
ITS AFFILIATES.

PRIOR NOTE.  THIS IS A RENEWAL AND INCREASE OF THE PROMISSORY NOTE FROM
MITY-LITE, INC. TO LENDER DATED JANUARY 23, 1997 IN THE ORIGINAL PRINCIPAL
AMOUNT OF $2,000,000.

GENERAL PROVISIONS.  Lender may delay or forgo enforcing any of its rights or
remedies under this Note without losing them.  Borrower and any other person
who signs, guarantees or endorses this Note, to the extent allowed by law,
waive presentment, demand for payment, protest and notice of dishonor.  Upon
any change in the terms of this Note, and unless otherwise expressly stated in
writing, no party who signs this Note, whether as maker, guarantor,
accommodation maker or endorser, shall be released from liability.  All such
parties agree that Lender may renew or extend (repeatedly and for any length
of time) this loan, or release any party or guarantor or collateral; or
impair, fail to realize upon or perfect Lender's security interest in the
collateral; and take any other action deemed necessary by Lender without the

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consent of or notice to anyone.  All such parties also agree that Lender may
modify this loan without the consent of or notice to anyone other than the
party with whom the modification is made.  

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF
THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS.  BORROWER AGREES
TO THE TERMS OF THE NOTE AND ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THE

NOTE.

BORROWER:
MITY-LITE, INC.

By:   /s/  Gregory L. Wilson            By:  /s/ Stanley L. Pool
      ----------------------------           ------------------------
      GREGORY L. WILSON, PRESIDENT           STANLEY L. POOL, VICE
                                             PRESIDENT/SECRETARY


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              DISBURSEMENT REQUEST AND AUTHORIZATION

Borrower:  Mity-Lite, Inc.                Lender:  ZIONS FIRST NATIONAL BANK
           1301 West 400 North            CENTRAL UTAH COMMERCIAL
           OREM, UT 84057                 BANKING CENTER
                                          #1 SOUTH MAIN STREET
                                          PO BOX 25822
                                          SALT LAKE CITY, UT 84125

LOAN TYPE.  This is a Variable Rate (at ZIONS FIRST NATION BANK PRIME RATE,
making an initial rate of 8.500%), Revolving Line of Credit Loan to a
Corporation for $3,000,000.00 due on December 1, 1998.  This is an unsecured
renewal of the following described indebtedness: THIS IS A RENEWAL AND
INCREASE OF THE PROMISSORY NOTE FROM MITY-LITE, INC. TO LENDER DATED JANUARY
23, 1997 IN THE ORIGINAL PRINCIPAL AMOUNT OF $2,000,000.00.

PRIMARY PURPOSE OF LOAN.  The primary purpose of this loan is for:

     Business (Including Real Estate Investment).

SPECIFIC PURPOSE.  The specific purpose of this loan is: TO RENEW AND INCREASE
A REVOLVING LINE OF CREDIT MADE AVAILABLE FOR POTENTIAL FUTURE ACQUISITIONS.

DISBURSEMENT INSTRUCTIONS.  Borrower understands that no loan proceeds will be
disbursed until all of Lender's conditions for making the loan have been
satisfied.  Please disburse the loan proceeds of $3,000,000.00 as follows:

     Undisbursed Funds:                      $3,000,000.00

     Note Principal:                         $3,000,000.00

FINAL AGREEMENT.  Borrower understands that the loan documents signed in
connection with this loan are the final expression of the agreement between
Lender and Borrower and may not be contradicted by evidence of any alleged
oral agreement.

DISBURSEMENT AUTHORIZATION.  BORROWER HEREBY AUTHORIZES LENDER TO DISBURSE ANY
FUNDS PURSUANT TO FACSIMILE WIRE INSTRUCTIONS WHICH BEAR THE SIGNATURE OF ANY
AUTHORIZED SIGNER.

ALLOCATION OF PROCEEDS.  THE PROCEEDS OF THIS LOAN WILL BE USED TO RENEW A
REVOLVING LINE OF CREDIT.  THE CURRENT AMOUNT AVAILABLE IS DESCRIBED ABOVE IN
THE SECTION ENTITLED AMOUNT PAID TO OTHERS ON BORROWER'S BEHALF.

FINANCIAL CONDITION.  BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND
WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND
THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S FINANCIAL
CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO
LENDER.  THIS AUTHORIZATION IS DATED DECEMBER 15, 1997.

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BORROWER:

MITY-LITE, INC.


By:   /s/  Gregory L. Wilson            By:  /s/ Stanley L. Pool
      ----------------------------           ------------------------
      GREGORY L. WILSON, PRESIDENT           STANLEY L. POOL, VICE
                                             PRESIDENT/SECRETARY