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<br />89
<br />
<br />i\~¡f'."n:'1E:'J'":' ':0. 3
<br />TO CQ~TRACT ~O. 7~5~82 WITH THE TEXAS
<br />Cr..n,\.,?,;:,',¡P""'-' rJP r:rYj'FJ!'HTY "\?'\I~'~
<br />
<br />Ci~y of San ~arcos
<br />
<br />The Ci ~,y of San :';1 reos, "Ci +,y" ann +he Texas Dep;:¡rrmen+,
<br />of Communit-_y Affairs, "TDCA", do 'hereby amend cont-,rac+, number
<br />7~5n~2 as follows:
<br />
<br />Exhibi r A, Per forf'l;~nce St-,at-,emenr
<br />~he fallowing subs~i~u~eiÌ for i~:
<br />
<br />is hereby ielered
<br />
<br />anò
<br />
<br />Loan :'erITls:
<br />
<br />Five pèrcen+, simpl e in+.eres+, s'hall accrue rìuring year
<br />one of +.he loan: no paYr'len+,s of any kinn shall he pé'!id
<br />by Ember Inòus~ries, Inc. nuring 1987.
<br />
<br />Five percen~ annual simole in~eres~ shall he c'harged on
<br />r'-he +.o~;=¡l of The origin')l principal plus t-,h~ year on,=>
<br />accrueò in~eres~ ($133,35A.~Ø To~al).
<br />
<br />During ye,3.r +wo, monThly payment-s of $2,77g.1J eacÞ.
<br />shall be 1;1arì'e on +.11p 3:1t-,11 of ear'h monr,!! beginning
<br />January 3~, 198R.
<br />
<br />During ye;"!r +,hree, auc,rr,erl y [)ayment-,s of $8!jrn. W1 eac'h
<br />511all. be mane on ~arc11 3'1, 1989, June 30, 1999,
<br />~ep~emher 3~, 198~ and Decemher Jø, 19RQ.
<br />
<br />During y:~ar four, semi-Ftnn'Ual payment-,s of $15,335.25
<br />eRch S11311 be mane on ,June ]:1, 199n, ëtn1 December 3(1,
<br />1,)9~.
<br />
<br />f'urin'l year five, semi-annual payrnenrs of $14,6()R.sr-,
<br />e,"1ch sha 1 1 be made on June ]0, 1991, and Der:ember 3'1,
<br />1991.
<br />
<br />During year six, semi-annual paymenTs of $14,001.75 each
<br />shall be ma.4.e on ,June 30, 1992, ann December 3~"J, 1992,
<br />paying off ~he ~o~al, amoun~ of ~he loan.
<br />
<br />~ maximum ~en day qrace perio~ is gran~ed followinq each
<br />nue r'!a~e.
<br />
<br />EXEC1J'rr.. D r his
<br />
<br />26
<br />
<br />day of
<br />
<br />January
<br />
<br />, 19RQ.
<br />
<br />
<br />
<br />Texas Depar~men~ of
<br />Communi~y Affairs
<br />
<br />Younger, r-1ayor
<br />
<br />Rob D. Hilliams
<br />~xecu~ive Direc~or
<br />
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