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AMORTIZATION SCHEDULE
<br /> Lender: City of Elk River Economic Development Authority First Amendment to Promissory Note
<br /> Borrower: Elk River Motel Properties, Inc. Dated as of October 1, 1995
<br /> Payment Unpaid
<br /> avment Date Amount principal Interest Balance
<br /> Totals to Date 19,453.19 8,431.70 11,021.49 24,068.30
<br /> October 1, 1995 377.35 201.85 175.50 23,866.45
<br /> November 1, 1995 377.35 203.32 174.03 23,663.13
<br /> December 1, 1995 377.35 204.81 172.54 23,458.32
<br /> Total for 1995 $1,132.05 $609.98 $522.07 $23,458.32
<br /> January 1, 1996 377.35 206.30 171.05 23.252.02
<br /> February 1, 1996 377.35 207.80 169.55 23,044.22
<br /> March 1, 1996 377.35 209.32 168.03 22,834.90
<br /> April 1, 1996 377.35 210.85 166.50 22,624.05
<br /> May 1, 1996 377.35 212.38 164.97 22,411.67
<br /> June 1, 1996 377.35 213.93 163.42 22,197.74
<br /> ly 1, 1996 377.35 215.49 161.86 21,982.25
<br /> ugust 1, 1996 377.35 217.06 160.29 21,765.19
<br /> September 1, 1996 377.35 218.65 158.70 21,546.54
<br /> October 1, 1996 377.35 220.24 157.11 21,326.30
<br /> November 1, 1996 377.35 221.85 155.50 21,104.45
<br /> December 1, 1996 377.35 223.46 153.89 20,880.99
<br /> Total for 1996 $4,528.20 $2,577.33 $1,950.87 $20,880.99
<br /> January 1, 1997 377.35 225.09 152.26 20,655.90
<br /> February 1, 1997 377.35 226.73 150.62 20,429.17
<br /> March 1, 1997 20,578.78 20,429.17 148.96 -0-
<br /> Total for 1997 $21,332.83 20,880.99 $451.84
<br /> TOTAL $46,446.27 $32,500.00 $13,946.27
<br /> PAYMENTS
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<br /> Initialled: Lender /
<br /> KRP 96761 3 Borrower /
<br /> GOO/VOOd 06L'ON SZPLTbb F S1dW SW LI 9T GG/VO/0T
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