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n <br />U <br />NOTE <br />U.S. $60,000.00 <br />Charlottesville, Virginia <br />Date: July 7, 1999 <br />FOR VALUE RECEIVED, the undersigned, jointly and severally, promise(s) to pay to <br />the order of the City of Charlottesville, a municipal corporation (hereinafter sometimes referred <br />to as "City"), the principal sum of Sixty Thousand Dollars ($60,000). Principal shall be due and <br />payable on November 1, 1999. <br />The undersigned hereby waive homestead and all other exemptions which may be waived <br />with respect to this obligation. Presentment, protest and notice of dishonor are hereby waived. <br />Right is reserved to anticipate the payment at any time of all or any part of the <br />indebtedness evidenced hereby without penalty. <br />If the amount due under this Note is not paid when due, then the entire indebtedness shall <br />at once become due and payable at the option of the City, and interest on the unpaid balance shall <br />begin running on that due date at the rate of eight percent (8%) per annum. The City may <br />• exercise its option to accelerate during any default by the maker hereof regardless of any prior <br />forebearance. <br />If suit is brought to collect this Note, the City shall be entitled to collect all reasonable <br />costs and expenses of suit, including, but not limited to, reasonable attorney's fees and Court <br />costs. <br />WITNESS the following signature and seal. <br />MONTICELLO AREA COMMUNITY ACTION AGENCY <br />Im <br />Kenneth Ackerman <br />Title <br />