Okaloosa County BOCC — September 15, 2015 — Loan Agreement — reading text

due on the anniversary hereof. Interest hereunder shall be computed on the basis of actual days elapsed over the period of a 360-day year. Absent an Event of Default, the principal amount plus accrued interest of this Note shall be due and payable on the date which is four years after the date hereof (the "Maturity Date"). Upon the occurrence and during the continuation of an Event of Default, the outstanding principal balance of this Note shall accrue interest at a rate per annum equal to eighteen percent (18%) until this Note is paid in full. Upon the occurrence and during the continuation of an Event of Default, Lender shall be entitled, at its option, to declare the then outstanding principal balance and accrued interest thereon to be, and the same shall thereupon become, immediately due and payable in the manner and with the effect provided in the Loan Agreement. Borrower may prepay any principal or interest under this Note; provided, however, such prepayments will be applied to the indebtedness evidenced by this Note so as to reduce the final payment and in no event shall such prepayment eliminate or reduce subsequently scheduled annual payments. Time is of the essence of this Note. To the fullest extent permitted by applicable law, Borrower, for itself and its successors and assigns, expressly waives presentment, demand, protest, notice of dishonor, and any and all other notices, demands and consents in connection with the delivery, acceptance, performance, default or enforcement of this Note, arid hereby consents to any extensions of time, renewals, waivers and any other modifications that may be granted or consented to by Lender from time to time in respect of the time of payment or any other provision of this Note. This Note is secured by the Collateral as described in the Security Agreement. This Note shall be governed by, and construed and enforced in accordance with, the internal laws of the State of Nebraska without regard to conflict of laws principles. Borrower agrees to pay all reasonable costs and expenses, including attorneys' fees incurred by Lender in connection with the making and enforcement of this Note. [The Remainder of This Page Intentionally Left Blank; Signature Page Follows.]  IN WITNESS WHEREOF, Borrower has caused this Note to be executed and delivered by its duly authorized representative as of the date first above written. BORROWER: a _ _ _ _ _ _ _ _ _ _ __ By:--------------- Its:----------------