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<br /> -2- <br /> bear interest from the maturity of such principal, and hath principal <br /> and interest shall be payable to Payee at 630 E. Hopkins, San r-1arcos, <br /> Texas, 78666, or such other place in Rays County, Texas as the Payee <br /> may designate in writing. <br /> 'Th is tbte shall bear interest at five (5) percent per annum. <br /> This principal and interest shall be payable as follows: six(6) <br /> equal annual installrœnts of 'IWelve 'Thousand TWo Hundred Fifteen <br /> Ibllars anò ten cents ($12,215.10) due on the anniversary <br /> date of execution of this Note, except that at the time of loan <br /> a payment of TWo 'Thousand Seven Hundred Seventy-Six Ibllars and <br /> seventy-six cents ($2,756.76) shall be maòe to Payee. <br /> Makers may at any time prepay in whole, or from time to time, in <br /> part, and without any premium or penalty therefor, the principle arrount <br /> then remaining unpaid, to'1e the r with all accrued interest payable <br /> thereon, and interest shall cease to run iran the date of payment of <br /> all of the principal amount hereof as shall so be prepaid. <br /> My such prepayment hereunder shall be applied first to accrued <br /> interest and the balance to principal, but no part prepayment shall, <br /> until this Note is fully paid and satisfied, affect the obligations to <br /> continue to pay the regular i~stallments required hereunder until the <br /> entire indebtedness has been paid. <br /> If Makers shall file a voluntary petition in banknlptcy, or shall <br /> be adjudicated a bankrupt or insolvent, or shall file any petition or <br /> answer seeking for Makers any arranqe~nt, composition, readjustment, <br /> or similar relief under any present or future statute, law or <br /> regulation, or shall file any answer admitting the material allegations <br /> of a petition filed against Makers in any such proceeding, or shall <br /> seek or consent to or acquiesce in the appointment of any trustee or <br /> receiver, on all or any substantial part of the properties of Makers or <br /> if a decree or order by a court having iurisdiction in the oremises <br /> shall have been entered adjudging the r'lakers to be banknlpt or <br /> insolvent under the federal bankruptcy laws or any applicable law of <br /> the United States of America or any state law, or appointing a receiver <br /> or trustee or assignee in banknJptcy or insolvency of Makers or any of <br /> Makers' properties, and such òecree or order shall have continued <br /> undischarged or unstayed for a period of 30 days, or if Makers shall <br /> make an assignment for the benefit of creditors, or if Makers shall <br /> fail to pay this note or any installment hereof, 'whether principal or <br />