PERFORM ANY OF THE
TERMS, COVENANTS AND CONDITIONS OF THIS AGREEMENT SHALL CONSTITUTE AN EVENT OF
DEFAULT UNDER EACH OF THE LOAN DOCUMENTS.
7.
COSTS AND EXPENSES.
BORROWER PAID LENDER THE FIRST HALF OF AN
EXTENSION FEE OF $6,875.00, WITH THE REMAINDER OF $3,437.50 DUE UPON EXECUTION
OF THIS AGREEMENT.
BORROWER SHALL ALSO PAY ON DEMAND ALL COSTS AND EXPENSES IN
CONNECTION WITH THE PREPARATION AND NEGOTIATION OF THIS AGREEMENT AND THE
CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREUNDER, INCLUDING THE
ATTORNEYS' FEES OF THE LENDER.
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IN WITNESS WHEREOF, LENDER AND BORROWER HAVE EXECUTED THIS AGREEMENT AS OF THE
DAY AND YEAR FIRST ABOVE WRITTEN.
NOTICE:
LENDER HAS THE RIGHT TO PROCEED TO OBTAIN AND COLLECT A DEFICIENCY
JUDGMENT, TOGETHER WITH FORECLOSURE OF THE REAL PROPERTY MORTGAGED UNDER
APPLICABLE LAW.
LENDER:
FIRST NATIONAL BANK
By:
/s/ Shad Ludeman
Its:
Commercial Loan Officer
BORROWER:
GRANITE CITY FOOD & BREWERY, LTD.
By:
/s/ Steven J. Wagenheim
Its:
President
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