Exhibit 10.23 MORTGAGE - COLLATERAL REAL ESTATE MORTGAGE; SECURITY AGREEMENT, FIXTURE FILING AND ASSIGNMENT OF RENTS This Mortgage, Security Agreement, Fixture Filing and Assignment of Rents (the "Mortgage") is made as of the 31st day of December,...Whetstone Ethanol LLC • January 8th, 2003 • Industrial organic chemicals • South Dakota
Exhibit 10.19 SECURITY AGREEMENT This Security Agreement is entered into between NORTHERN LIGHTS ETHANOL, LLC, a South Dakota limited company, whose principal place of business is Big Stone City, South Dakota, as grantor and obligor (the "Grantor"),...Security Agreement • January 8th, 2003 • Whetstone Ethanol LLC • Industrial organic chemicals • South Dakota
RECITALS:Ethanol Marketing and Services Agreement • January 8th, 2003 • Whetstone Ethanol LLC • Industrial organic chemicals • South Dakota
Exhibit 10.20 PROMISSORY NOTE (Renewal Note) (Variable Rate, Revolving Loan)Promissory Note • January 8th, 2003 • Whetstone Ethanol LLC • Industrial organic chemicals • South Dakota
Exhibit 10.21 PROMISSORY NOTE (Renewal Note) (Variable Rate, Revolving Loan)Whetstone Ethanol LLC • January 8th, 2003 • Industrial organic chemicals • South Dakota
FOR VALUE RECEIVED, NORTHERN LIGHTS ETHANOL, LLC, a South Dakota. Limited Liability Company ("Borrower"), hereby promises to pay to the order of U.S. BANK NATIONAL ASSOCIATION, a national banking association ("Lender", which term shall include any future holder hereof), at 141 N. Main Avenue, Sioux Falls, South Dakota, or at such other place as Lender may from time-to-time designate in writing, in lawful money of the United States of America, the principal sum of Eleven Million One Hundred Thousand & 00/100 Dollars ($11,100,000.00) or so much thereof as may be advanced hereunder, including all amounts due or incurred by Borrower in accordance with the terms of the Loan Agreement between Borrower and Lender dated as of July 11, 2001, or due or incurred by Borrower under the terms of any other Loan Document as defined in such Loan Agreement.
