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6 . Collateral to be assigned (Describe and show lien position) : <br /> A) To Bank: Building and Land - 1st Mortgage <br /> • B) To Bank: Equipment - 1st Lien <br /> C) To Private Funding Source: _ <br /> D) To Other Source: - <br /> E) To Federal Govt: - <br /> F) To State: - <br /> G) To This Loan: 2nd on building and equipment <br /> 7 . Value of Collateral: <br /> COST BOOK VALUE EXISTING <br /> LIENS <br /> A) Land $ 90 , 000 $ $ <br /> B) Buildings $ 260 , 000 $ $ <br /> C) Mach. & Equip. $ 50 , 000 $ $ <br /> D) Other $ $ $ <br /> E) Other $ $ $ <br /> 8 . Employment* : <br /> IIIPresent: # of Employees 2 Total Payroll $3, 000. 00/month <br /> After Project: # of Employees 5 Total Payroll $7, 000. 00/month <br /> *If Loan is for Job Retention Only, Explain in Business Plan. <br /> 9 . Attorney, Accountant (Names, addresses, phone) : <br /> Attorney - Paul Motin Elk River 241-9400 <br /> Accountant - Tammy Hatch Milach 320-532-5081 <br /> 10. Bank and Other Credit References (Names, addresses, phone) : <br /> Bank of Elk River ATTN: Patrick Dwyer, Sr. V.P. 241-8528 <br /> • <br /> -3- <br />