HomeMy WebLinkAbout022-R-172/20/2017
22-R-17
A RESOLUTION
Authorizing the City Manager to Negotiate and Execute a Loan
Agreement with Good to Go Jamaican Cuisine LLC
NOW BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
EVANSTON, COOK COUNTY, ILLINOIS, THAT:
SECTION 1: The City Manager is hereby authorized and directed to
negotiate and execute a loan agreement between the City and Good to Go Jamaican
Cuisine, LLC, an Illinois limited liability company, attached hereto as Exhibit A and
incorporated herein by reference (the "Agreement") for a loan issued by the City to
Good to Go in the amount of Twenty -Five Thousand and no/100 Dollars ($25,000.00).
SECTION 2: The City Manager is hereby authorized and directed to
negotiate any additional conditions of the Agreement as he may determine to be in the
best interests of the City.
SECTION 3: This Resolution 22-R-17 shall be in full force and effect from
and after its passage and approval in the manner provided by law.
Elizabkth B. Tisdahl, Mayor
Z
.
Rodney Gree e City Clerk r�
Adopted: ` re\Qr ` ) , 2017
22-R-17
EXHIBIT A
Loan Agreement
�2�
PROMISSORY NOTE
Name and Address of Borrower:
Good to Go Jamaican Cuisine LLC
Attn: Dennis Levy
709 Howard Street
Evanston, IL 60202
Dated: April 1, 2017
1. BORROWER'S PROMISE TO PAY
FOR VALUE RECEIVED, the undersigned, Good to Go Jamaican Cuisine, LLC, an
Illinois limited liability company (referred to hereafter as the "Borrower"), promise to pay
to the order of the City of Evanston, an Illinois home rule municipal corporation, acting
through its City Manager's Office, with its principal office located at 2100 Ridge Avenue,
Evanston, Illinois (the "Lender"), in the manner provided in this Note, the principal sum
of $25,000.00 (Twenty -Five Thousand and 00/100 Dollars) (the "Loan"). Borrower will
be relocating its restaurant "Good to Go Jamaican" to 709-711 Howard Street,
Evanston, Illinois 60202. The loan funds will be used solely to purchase equipment in
accordance with the terms of this Agreement to enable the Borrower to begin operating
the subject business.
2. LOAN TERM, FORGIVENESS AND REPAYMENT
The term of the Loan is ten (10) years commencing on the date of issuance of the
temporary certificate of occupancy and ending 120 months later (the "Loan Term"). The
Loan will start to bear interest after issuance of the temporary certificate of occupancy
for Good to Go Jamaican and prior to the first payment due date. The loan payments
will be two hundred forty-one and 65/100 Dollars ($241.65) each month. The Loan
schedule that is provided on Exhibit 1 is provided for illustrative purposes, to show the
payment schedule and amounts. The Loan repayment schedule will be revised at the
time that the temporary certificate of occupancy is issued and the loan payment date is
set in accordance with terms of this Note.
The interest rate is two and half percent (2.5%) per annum and computed on the basis
of a 365 day year. Borrower agrees to commence payment of the Loan thirteen (13)
months after issuance of the temporary certificate of occupancy. Loan payments will be
due on or before the first day of the month. If the Borrower's Loan payment is five days
after the first of the month or more, there shall be assessed a late fee of $25 per day.
The Lender or anyone who takes this Note by transfer and who is entitled to receive
payments under this Note will be called "Note Holder'.
The Loan can be pre -paid with no penalty or fee assessed against the Borrower.
3. LOAN DISBURSEMENTS
A. Disbursements. The City will issue the loan disbursements on a repayment basis with
the following requirements:
• Borrower cannot make requests for payment in an amount less than $5,000,
unless it is the last draw; and
• Borrower is limited to a total of 3 draws;
• Borrower's request for reimbursement for equipment purchases must include: (a)
copies of itemized invoices from vendor(s); (b) proof of payment to the
vendor(s); (c) proof of reasonableness of the equipment selected, including
copies of multiple quotes from at least 3 vendors or copies of internet searches
for the same model/year of the equipment selected for the business in
accordance with the Omni Circular procurement requirements for small
purchase procedures (200.320(b)); and
• Borrower must follow the CDBG Regulations fully outlined below in Section 3(B);
• The Borrower must provide the invoices as soon as available to the City prior to
disbursement and provide the City at least 15 days to disburse the payment.
The City will disburse up to $25,000. If the invoices do not exceed $25,000,
the City will only disburse up to the total amount of the invoices. The total loan
amortization schedule will be adjusted accordingly if the disbursement is less
than $25,000.
B. CDBG Funds. The funds for the Loan are provided through the City's Community
Development Block Grant entitlement funds ("CDBG funds"),. The Loan funds are
allocated for economic development activities, particularly in the City's Neighborhood
Revitalization Strategy Area and Howard Street retail/commercial corridor following the
priorities in the City's 2015 — 2019 Consolidated Plan to achieve the community
development goals of that plan. CDBG funds will be used to purchase equipment for
the restaurant kitchen, which are eligible expenses under CDBG regulations. Funds
may not be used for any construction labor or materials, which would trigger compliance
with Davis -Bacon prevailing wages and a higher level of review under the National
Environmental Review Act.
The CDBG Regulations require that funds utilized for economic development purposes
meet the requirements outlined in 24 CFR 570 (CDBG - Economic Development) as
follows:
1. The project costs are reasonable;
2. That all sources of the project financing are committed;
3. That to the extent practicable, CDBG funds are not substituted
for non -Federal financial support;
4. That the project is financially feasible;
5. That to the extent practicable, the return on the owner's equity
investment will not be unreasonably high;
6. That to the extent practicable, CDBG funds are distributed on a
pro-rata basis with other financing.
C. Omni Circular procurement: Borrower acknowledges that it will follow the guidelines
contained in the Omni Circular 200.33 for equipment purchases which states that
"§200.33 Equipment. Equipment means tangible personal property (including
information technology systems) having a useful life of more than one year and a per -
unit acquisition cost which equals or exceeds the lessor of the capitalization level
established by the non -Federal entity for financial statement purposes, or $5,000.
D. Equipment Inventory: During the term of the Loan, Borrower must maintain an
inventory of equipment purchased with CDBG funds that includes the name, model
number, serial number, and year manufactured.
4. BORROWER REPRESENTATIONS. The Borrower represents and warrants that it
is duly organized and existing under the laws of State of Illinois and is in good standing
as necessary in the State of Illinois. The Borrower represents it has the power to enter
into this Agreement and other Loan Documents required under this agreement. That by
proper action in accordance with its organizational documents has been duly authorized
to execute and deliver this Agreement and all documents required under its terms. The
Borrower covenants that this Agreement does not contravene any law or contractual
restriction binding or affecting the Borrower, and that the Agreement will be legal, valid,
and binding obligations of the Borrower, and further that as of the date of this
agreement the Borrower represents that no event or change of condition has occurred
which is a material (as defined by the Securities and Exchange Commission) which
would affect the ability of the Borrower to perform its obligations hereunder on a timely
basis.
A. As of the date of this Agreement there is no suit, action, or proceeding pending or
threatened as to which outcome would be materially adverse effect on the Borrower.
B. The Borrower and all entities affiliated with the Borrower have filed all tax returns
required to be filed by them and paid all taxes required as show on those returns.
C. The Borrower represents that it has a DUNS (Data Universal Numbering System)
number, in order facilitate disbursement of loan funds properly under federal guidelines.
D. Borrower must remain in good standing with the Illinois Secretary of State.
E. Job Creation: Borrower must create at least one new full-time equivalent (FTE)
position (40 hours per week) that may be filled by low/moderate income persons,
defined as requiring no more than a high school diploma unless on the job training is
provided. The person(s) hired shall have a family income at time of hire that does not
exceed 80% of the area median income established by HUD and in effect at the time of
hire. Evanston residents shall be prioritized for hire. If Borrower hires more than one
new FTE, the City will include this information in its report to HUD for use of CDBG
funds. Borrower shall provide, on City -generated forms, the following information
regarding new job(s) created pursuant to the Project:
• Number of full- and part-time jobs
• Race/ethnicity of new job hires
• Family income at time of hire
• Weekly hours for part-time positions
• Number of jobs with employer -sponsored health care benefits
• Number of people filling jobs who were unemployed when hired
• Job category per HUD definitions
5. DEFAULT AND REMEDIES
A. The occurrence of any one or more of the following events ("Event of Default") with
respect to Borrower shall constitute a default hereunder ("Default"):
1) If Borrower ceases to operate a restaurant at 709-711 Howard Street
(including by incidence of death of the Borrower). The Lender shall give written
notice to Borrower of this Default. The Borrower shall have a period of thirty
days to cure the Default ("Cure Period").
2) If all or any part of the Fixtures and Equipment or any interest in it is sold
or transferred (or if a legal or beneficial interest in Borrower's interest in the
Fixtures and Equipment is sold or transferred) without Lender's prior written
consent.
3) If a default or event of default occurs and is continuing under any
representation or covenant under the Loan Documents.
4) If a default or event of default occurs and is continuing under any other
mortgage or loan agreement encumbering the Fixtures and Equipment.
5) Borrower or any beneficiary thereof shall (i) file a petition for liquidation,
reorganization, or adjustment of debt under Title 11 of the United States Code or
any similar law, state or federal, whether now or hereafter existing, or (ii) file any
answer admitting insolvency or inability to pay debts, or (iii) fail to obtain a
vacation or stay of involuntary proceedings within ten days, as hereinafter
provided.
6) Borrower or any beneficiary thereof shall make an assignment for the
benefit of creditors of this Note, or shall admit in writing of its inability to pay its
debts generally as they become due, or shall consent to the appointment of a
receiver or trustee or liquidator of all or any major part of the Fixtures and
Equipment.
B. The Borrower also promises that, if the Event of Default specified above, 4(A)(1),
shall occur (after applicable notice and the Occupancy Cure Period detailed above)
before the expiration of the Loan Term, the Borrower agrees to repay to the order of the
Lender or its designee an amount equal to the original principal amount of the Loan and
it is immediately due and payable. Provided however, if an Event of Default is solely
with respect any other Event of Default specified above in 4(A), the Borrower shall have
sixty (60) days after the date on which the notice is delivered to Borrower to cure such
breach, provided, however, that if the curing of such non -monetary breach cannot be
accomplished with due diligence within said period of sixty (60) days then Borrower
shall have such additional reasonable period of time to cure such breach as may be
necessary, provided Borrower shall] have commenced to cure such breach within said
period, such cure shall have been diligently prosecuted by Borrower thereafter to
completion ("Other Default Cure Period"). The notice shall further inform Borrower of
the right to reinstate after acceleration and the right to bring a court action to assert the
nonexistence of a default or any other defense of Borrower to acceleration and
foreclosure. If the Borrower does not cure the Default within the specified Other Default
Cure Period within the notice, then this Note is due and payable only with respect to the
remaining balance of the Loan at the time of Default.
C. If the Borrower Defaults hereunder and fails to cure the Default, during the 10-year
loan Term, the Loan shall be immediately due and owing and the balance of the Loan
shall be immediately repaid to Lender in full, subject to the availability of net proceeds
from sale of the Fixtures and Equipment. Lender can auction the Fixtures and
Equipment and use the proceeds and apply it to the loan balance.
D. If any payments of interest or the unpaid principal balance due under this Note or
any escrow fund payments for taxes or insurance required under the Security
Agreement become overdue for a period in excess of ten days, the Borrower shall pay
to Lender a late charge of $50 per day. If any attorney is engaged by Lender, including
in-house staff (a) to collect the indebtedness evidenced hereby or due under the Loan
Documents, whether or not legal proceedings are thereafter instituted by Lender; (b) to
represent Lender in any bankruptcy, reorganization, receivership, or other proceedings
affecting creditors' rights and involving a claim under this Note; (c) to protect the lien of
any of the Loan Documents; (d) to represent Lender in any other proceedings
whatsoever in connection with this Note or any of the Loan Documents or the real
estate described therein; or (e) as a result of the Borrower's Default and collection
efforts, the Borrower shall pay to Lender all reasonable attorneys' fees and expenses
incurred or determined to be due in connection therewith, in addition to all other
amounts due hereunder.
E. Lender's remedies under this Note, and all of the other Loan Documents shall be
cumulative and concurrent and may be pursued singly, successively, or together
against the Borrower and any other Obligors (as defined below), the Property, and any
other security described in the Loan Documents or any portion or combination of such
real estate and other security, and Lender may resort to every other right or remedy
available at law or in equity without first exhausting the rights and remedies contained
herein, all in Lender's sole discretion. Failure of Lender, for a period of time or on more
than one occasion to exercise its option to accelerate the maturity date shall not
constitute a waiver of the right to exercise that option at any time during the continued
existence of the Default or in the event of any subsequent Default. Lender shall not by
any other omission or act be deemed to waive any of its rights or remedies hereunder
unless such waiver is in writing and signed by Lender, and then only to the extent
specifically set forth therein. A waiver in connection with one event shall not be
construed as continuing or as a bar to or waiver of any right or remedy in connection
with a subsequent event.
6. PAYMENT OF NOTE HOLDER'S COSTS AND EXPENSES
If the Lender is required to initiate legal process as the result of the Borrower's Default
as described above, the Lender will have the right to be paid back for all of its costs and
expenses incurred as a result of such Default, to the extent not prohibited by applicable
law. Those costs and expenses include but are not limited to, reasonable attorneys'
fees, court costs, and related litigation expenses.
7. BORROWER'S WAIVERS
To the extent permitted by law, the Borrower waives all rights to require the Lender to
do certain things. These things are: (A) to demand payment of amounts due (known as
"presentment"); (B) to give notice that amounts due have not been paid (known as
"notice to dishonor"); (C) to obtain an official certification of nonpayment (known as
"protest"). If more than one person signs this Note, each person is fully and personally
obligated to keep all of the promises made in this Notes, including the promise to pay
the full amount owed. Any person, who takes over these obligations, is also obligated
to keep all promises made in this Note. The Lender may enforce its rights under this
Note against each person individually or against all of us together.
8. GIVING OF NOTICES
Any notices that must be given to the Borrower under this Note will be given by
delivering or by mailing by certified mail addressed to the Borrower at the address of the
Property set forth above. Any notice that must be given to the Lender under this Note
will be given by delivering it or mailing it by certified mail to the Lender at the following
address:
City of Evanston
Attn: Economic Development Division
2100 Ridge Avenue, Room 3600
Evanston, Illinois 60201
with a copy to:
City of Evanston
Attn: Corporation Counsel
2100 Ridge Avenue, Room 4400
Evanston, Illinois 60201
9. RESPONSIBILITY OF PERSONS UNDER THIS NOTE
If more than one person signs this Note, each person is fully and personally obligated to
keep all of the promises made in this Note. The Lender may enforce its rights under this
Note against the signatories either individually or together. This means that both
signatories, either individually or together, may be required to pay all of the amounts
owned under this Note. Any person who takes over the rights or obligations of the
Borrower, with the written permission of the Lender, will have all of the Borrower's rights
and must keep all of the Borrower's promises made in this Note. Notwithstanding
anything in the Security Agreement to the contrary, the Loan is a recourse obligation of
the Borrower.
10. GOVERNING LAW AND WAIVER OF TRIAL BY JURY
This Promissory Note shall be governed by the laws of the State of Illinois. Borrower
hereby represents and warrants that it knowingly and voluntarily waives any
rights to trial by jury for any litigation related to or arising out of, under, or in any
way connected with the obligations of this Note.
11. MISCELLANEOUS
The headings of sections and paragraphs in this Note are for convenience only and
shall not be construed in any way to limit or define the content, scope, or intent of the
provisions hereof. As used in this Note, the singular shall include the plural, and
masculine, feminine, and neuter pronouns shall be fully interchangeable, where the
context so requires. If any provision of this Note, or any paragraph, sentence, clause,
phrase, or word, or the application thereof, in any circumstances, is adjudicated to be
invalid, the validity of the remainder of this Note shall be construed as if such invalid
part were never included herein. Time is of the essence of this Note.
Upon any endorsement, assignment, or other transfer of this Note by Lender or by
operation of law, the term "Lender," as used herein, shall mean such endorsee,
assignee, or other transferee or successor to Lender then becoming the holder of this
Note.
This Note and all provisions hereof shall be binding on all persons claiming under or
through the Undersigned. The terms "Undersigned" and "Borrower," as used herein,
shall include the respective beneficiaries, successors, assigns, legal and personal
representatives, executors, administrators, devisees, legatees, and heirs of the
Undersigned and Borrower and shall be binding upon the same
In the event the Undersigned is an Illinois land trust, then this Note is executed by the
Trustee, not personally but as Trustee as aforesaid in the exercise of the power and
authority conferred on and vested in it as the Trustee, and is payable only out of the
property specifically described in the Loan Documents securing the payment hereof, by
the enforcement of the provisions contained therein. No personal liability shall be
asserted or be enforceable against the Trustee because or in respect of this Note or the
making, issue, or transfer thereof, all such liability, if any, being expressly waived by
each taker and holder hereof, and each original and successive holder of this Note
accepts the Note on the express condition that no duty shall rest on the Trustee to
sequester the rents, issues, and profits arising from the property described in the Loan
Documents, or the proceeds arising from the sale or other disposition thereof, but that in
case of Default in the payment of this Note or of any installment hereof, the sole
remedies of the holder hereof shall be by foreclosure of the UCC Financing Statement,
realization on the other security given under the other Loan Documents to secure
indebtedness evidenced by this Note, in accordance with the terms and provisions set
forth herein, or any combination of the above.
The Undersigned have caused this Note to be executed as of the day of
, 2017.
BORROWER:
GOOD TO GO JAMAICAN CUISINE LLC
In
Lenice Levy, Member
State of Illinois )
) ss:
County of Cook )
I, the undersigned, a Notary Public in and for said County in the State aforesaid, do
hereby certify that , a member of Good to Go Jamaican
Cuisine LLC, an Illinois limited liability company, and personally known to me to be the
same person whose name is subscribed to the foregoing instrument as such manager
appeared before me this day in person and acknowledged that she signed and
delivered such instrument as her own free and voluntary act, all for the uses and
purposes set forth therein.
Given under my hand and official seal this day of , 2017.
Commission expires
EXHIBIT 1
LOAN PAYMENT SCHEDULE
[inserted for illustrative purposes; revised loan payment schedule will be inserted after
the TCO
is issued and the first repayment date is set]
Date ,
Pmt # ;i
Payment
-Principal,'
Interest
Balance
2/24/2017
Starting Balance
$25,000.00
5/1/2018
1
$241.65
$0.00
$241.65
$25,444.12
6/1/2018
2
$241.65
$0.00
$241.65
$25,254.55
7/1/2018
3
$241.65
$0.00
$241.65
$25,064.99
8/1/2018
4
$241.65
$124.58
$117.07
$24,875.42
9/1/2018
5
$241.65
$189.82
$51.82
$24,685.60
10/1/2018
6
$241.65
$190.22
$51.43
$24,495.38
11/1/2018
7
$241.65
$190.62
$51.03
$24,304.76
12/1/2018
8
$241.65
$191.01
$50.63
$24,113.75
1/1/2019
9
$241.65
$191.41
$50.24
$23,922.33
2/1/2019
10
$241.65
$191.81
$49.84
$23,730.52
3/1/2019
11
$241.65
$192.21
$49.44
$23,538.31
4/1/2019
12
$241.65
$192.61
S49.04
$23,345.70
5/1 /2019
13
$241.65
$193.01
$48.64
$23,152.69
6/1/2019
14
$241.65
$193.41
$48.23
$22,959.28
7/1 /2019
8/1 /2019
9/1 /2019
1011 /2019
11/1/2019
12/1 /2019
1 /1 /2020
2/1 /2020
3/1 /2020
4/1 /2020
5/1 /2020
6/1 /2020
7/1 /2020
8/1 /2020
9/1 /2020
10/1 /2020
11 /1 /2020
12/1 /2020
1 /1 /2021
15
$241.65
$193.82
16
$241.65
$194.22
17
$241.65
$194.63
18
$241.65
$195.03
19
$241.65
$195.44
20
$241.65
$195.84
21
$241.65
$196.25
22
$241.65
$196.66
23
$241.65
$197.07
24
$241.65
$197.48
25
$241.65
$197.89
26
$241.65
$198.30
27
$241.65
$198.72
28
$241.65
$199.13
29
$241.65
$199.55
30
$241.65
$199.96
31
$241.65
$200.38
32
$241.65
$200.80
33
$241.65
$201.21
$47.83
$22,765.46
$47.43
$22,571.24
$47.02
$22,376.62
$46.62
$22,181.59
$46.21
$21,986.15
$45.80
$21,790.30
$45.40
$21,594.05
$44.99
$21,397.39
$44.58
$21,200.32
$44.17
$21,002.84
$43.76
$20,804.95
$43.34
$20,606.64
$42.93
$20,407.92
$42.52
$20,208.79
$42.10 $20,009.25
$41.69 $19,809.28
$41.27 $19,608.90
$40.85 $19,408.11
$40.43 $19,206.89
2/1 /2021
3/1 /2021
4/1 /2021
5/1 /2021
6/1 /2021
7/1 /2021
8/1 /2021
9/1 /2021
10/1 /2021
11 /1 /2021
12/1 /2021
1 /1 /2022
2/1 /2022
3/1 /2022
4/1 /2022
5/1 /2022
6/1 /2022
7/1 /2022
8/1 /2022
34
$241.65
$201.63
35
$241.65
$202.05
36
$241.65
$202.48
37
$241.65
$202.90
38
$241.65
$203.32
39
$241.65
$203.74
40
$241.65
$204.17
41
$241.65
$204.59
42
$241.65
$205.02
43
$241.65
$205.45
44
$241.65
$205.87
45
$241.65
$206.30
46
$241.65
$206.73
47
$241.65
$207.16
48
$241.65
$207.60
49
$241.65
$208.03
50
$241.65
$208.46
51
$241.65
$208.90
52
$241.65
$209.33
$40.01
$19,005.26
$39.59
$18,803.20
$39.17
$18,600.73
$38.75
$18,397.83
$38.33
$18,194.51
$37.91
$17,990.77
$37.48
$17,786.60
$37.06
$17,582.01
$36.63
$17,376.99
$36.20
$17,171.54
$35.77
$16,965.67
$35.35
$16,759.37
$34.92
$16,552.63
$34.48
$16,345.47
$34.05
$16,137.87
$33.62
$15,929.85
$33.19
$15,721.38
$32.75
$15,512.49
$32.32
$15,303.16
9/1/2022
53
$241.65
$209.77
$31.88
$15,093.39
10/1/2022
54
$241.65
$210.20
$31.44
$14,883.19
11/1/2022
55
$241.65
$210.64
$31.01
$14,672.55
12/1/2022
56
$241.65
$211.08
$30.57
$14,461.46
1/1/2023
57
$241.65
$211.52
$30.13
$14,249.94
2/1/2023
58
$241.65
$211.96
$29.69
$14,037.98
3/1/2023
59
$241.65
$212.40
$29.25
$13,825.58
4/1/2023
60
$241.65
$212.85
$28.80
$13,612.74
5/1/2023
61
$241.65
$213.29
$28.36
$13,399.45
6/1 /2023
62
$241.65
$213.73
$27.92
$13,185.71
7/1/2023
63
$241.65
$214.18
$27.47
$12,971.54
8/1/2023
64
$241.65
$214.62
$27.02
$12,756.91
9/1/2023
65
$241.65
$215.07
$26.58
$12,541.84
10/1/2023
66
$241.65
$215.52
$26.13
$12,326.32
11/1/2023
67
$241.65
$215.97
$25.68
$12,110.35
12/1/2023
68
$241.65
$216.42
$25.23
$11,893.93
1/1/2024
69
$241.65
$216.87
$24.78
$11,677.06
2/1/2024
70
$241.65
$217.32
$24.33
$11,459.74
3/1/2024
71
$241.65
$217.77
$23.87
$11,241.97
4/1/2024
72
$241.65
$218.23
$23.42
$11,023.74
5/1/2024
73
$241.65
$218.68
$22.97
$10,805.06
6/1/2024
74
$241.65
$219.14
$22.51
$10,585.92
7/1/2024
75
$241.65
$219.59
$22.05
$10,366.33
8/1/2024
76
$241.65
$220.05
$21.60
$10,146.27
9/1/2024
77
$241.65
$220.51
$21.14
$9,925.76
10/1/2024
78
$241.65
$220.97
$20.68
$9,704.79
11/1/2024
79
$241.65
$221.43
$20.22
$9,483.36
12/1/2024
80
$241.65
$221.89
$19.76
$9,261.47
1/1/2025
81
$241.65
$222.35
$19.29
$9,039.12
2/1/2025
82
$241.65
$222.82
$18.83
$8,816.30
3/1/2025
83
$241.65
$223.28
$18.37
$8,593.02
4/1/2025
84
$241.65
$223.75
$17.90
$8,369.27
5/1/2025
85
$241.65
$224.21
$17.44
$8,145.06
6/1/2025
86
$241.65
$224.68
$16.97
$7,920.38
7/1/2025
87
$241.65
$225.15
$16.50
$7,695.23
8/1/2025
88
$241.65
$225.62
$16.03
$7,469.62
9/1/2025
89
$241.65
$226.09
$15.56
$7,243.53
10/1/2025
90
$241.65
$226.56
$15.09
$7,016.97
11/1/2025
91
$241.65
$227.03
$14.62
$6,789.94
12/1/2025
92
$241.65
$227.50
$14.15
$6,562.44
1/1/2026
93
$241.65
$227.98
$13.67
$6,334.46
2/1/2026
94
$241.65
$228.45
$13.20
$6,106.01
3/1/2026
95
$241.65
$228.93
$12.72
$5,877.08
4/1/2026
96
$241.65
$229.40
$12.24
$5,647.68
5/1/2026
97
$241.65
$229.88
$11.77
$5,417.80
6/1/2026
98
$241.65
$230.36
$11.29
$5,187.44
7/1/2026
99
$241.65
$230.84
$10.81
$4,956.60
8/1/2026
100
$241.65
$231.32
$10.33
$4,725.27
9/1 /2026
101-
$241.65
$231.80
$9.84
$4,493.47
10/1/2026
102
$241.65
$232.29
$9.36
$4,261.18
11/1/2026
103
$241.65
$232.77
$8.88
$4,028.41
12/1/2026
104
$241.65
$233.26
$8.39
$3,795.15
1/1/2027
105
$241.65
$233.74
$7.91
$3,561.41
2/1/2027
106
$241.65
$234.23
$7.42
$3,327.18
3/1/2027
107
$241.65
$234.72
$6.93
$3,092.47
4/1/2027
108
$241.65
$235.21
$6.44
$2,857.26
5/1/2027
109
$241.65
$235.70
$5.95
$2,621.57
6/1/2027
110
$241.65
$236.19
$5.46
$2,385.38
7/1/2027
111
$241.65
$236.68
$4.97
$2,148.70
8/1/2027
112
$241.65
$237.17
$4.48
$1,911.53
9/1/2027
113
$241.65
$237.67
$3.98
$1,673.86
10/1 /2027
114
$241.65
$238.16
$3.49
$1,435.70
11 /1 /2027
115
$241.65
$238.66
$2.99
$1,197.04
12/1/2027
116
$241.65
$239.15
$2.49
$957.89
1 /1 /2028
117
$241.65
$239.65
$2.00
$718.24
2/1/2028
118
$241.65
$240.15
$1.50
$478.08
3/1/2028
119
$241.65
$240.65
$1.00
$237.43
4/1/2028
120
$237.93
$237.43
$0.49
$0.00
Total
120 Pmts ; $28,994.09
$25,000.00
$3,994.09