FOURTH EXTENSION AND AMENDMENT OF MORTGAGEFourth Extension and Amendment of Mortgage • November 14th, 2003 • Dotronix Inc • Computer terminals
THIS AGREEMENT, made to be effective this 27th day of August, 2003 between Dorothy E. Sadler, Jill D. Sadler, and Kurt T. Sadler, personal representatives of the Estate of William S. Sadler, deceased (“Lender”) and Dotronix, Inc., a Minnesota corporation, (“Borrower”). WITNESSETH, that whereas the said Lender, is the owner and holder of a certain Secured Promissory Note in the original principal amount of $1,000,000.00 made by the Borrower, dated February 23, 2000 as amended by the first, second and third extensions and amendments thereto, the second of which previously increased such principal amount to One Million Five Hundred Thousand Dollars ($1,500,000) (the “Note”), payable to the order of Lender as successors to the original Lender, William S. Sadler, and which Note is secured by a mortgage on real estate owned by Borrower, situated in the County of Chippewa and the State of Wisconsin, and recorded in the office of the Register of Deeds of said County, dated February 23, 2000, a
