Subsequent Installment Note (four Forms)

SUBSEQUENT INSTALLMENT NOTE


$ Date: January ____, 1992


THE UNDERSIGNED ("Borrowers"), jointly and severally, promise to pay to the order of UNITED RESOURCES, INC., an Oregon corporation, at Post Office Box 22187, Portland, Oregon, ("Payee"), the sum of *** __ AND NO/100 DOLLARS*** ($_,000.00), payable in eleven (11) consecutive monthly installments of *** __ AND NO/100 DOLLARS*** ($_,___.00), plus interest thereon from the date hereof, the first payment to be made on February 1 1992, with subsequent payments to be made on the same day of each month thereafter until the final payment of *** AND NO/100 DOLLARS ($_.00) becomes due on January 1, 1993.
The outstanding principal balance will bear interest at a rate equal to .__ percent in excess of the prime rate published by the United States National Bank of Oregon, changing as of the first day of each month. Interest shall be payable monthly on the same day as the principal, until the whole sum, principal and interest, has been paid. If any of said installments is not so paid, all principal and interest shall become immediately due and payable at the option of the holder of this Note.
This Note may be prepaid in whole or in part at any time. All such prepayments will be applied first to accrued interest and then to principal installments due hereunder in inverse order of maturity.
This Note is issued in connection with and is subject to the terms of a loan agreement between the Borrowers and United Resources, Inc. and to additional documents guaranteeing the obligations hereunder or granting liens to secure same. Reference is made to such loan agreement and additional documents for other terms under which amounts payable hereunder may become immediately due and owing. Although United Resources, Inc. may sell, assign, or otherwise transfer this Note to a third party, this Note will continue to be subject to the loan agreement and such other documents.
Upon the failure of the Borrower to make any payment under this note when due, Payee may, at its option and without further notice or demand, declare the unpaid principal balance of the Note and the accrued, but unpaid interest on the Note, immediately due and payable, and pursue any and all other rights, remedies and recourses available to Payee. Borrower hereby waives presentment and demand for payment, notice of intent to demand or accelerate maturity, notice of demand for acceleration of maturity, protest or notice of protest and nonpayment, bringing of suit in diligence and taking any action to collect sums owing under this Note. No extension for time for the payment of this Note or any installment hereof shall affect the liability of Borrower. The failure of the Payee to exercise any of its rights or options under this Note shall not constitute a waiver of the right to exercise the same or right or option at any subsequent time with respect to the same or any other events.
If this Note is placed in the hands of an attorney for collection, Borrowers promise and agree to pay the reasonable attorneys' fees and collection costs of the holder of this Note even though no suit or action is filed hereon; if a suit or an action is filed, the Borrowers must pay such reasonable attorneys' fees as shall be fixed by the court or courts in which the suit or action, including any appeal therein, is tried, heard and decided.


DBA


By
, President


By
, Secretary


INDIVIDUALLY:


Loan ------


SUBSEQUENT NOTE


$--------- Date: --------------


THE UNDERSIGNED ("Borrowers"), jointly and severally, promise to pay to the order of ----------------------------- ("Payee") the sum of ***----------------------- DOLLARS*** ($---------), payable in eleven (11) consecutive monthly installments of -------------------------- ($-------------), plus interest thereon from the date hereof, the first payment to be made on - -----------------, with subsequent payments to be made on the same day of each month thereafter until the final payment of ------------------------ ($---------------) becomes due on August 1, 1993.


The outstanding principal balance will bear interest at a rate equal to - ------------ percent in excess of the prime rate published by the United States national Bank of Oregon, changing as of the first day of each month. Interest shall be payable monthly on the same day as the principal, until the whole sum, principal and interest, has been paid. If any of said installments is not so paid, all principal and interest shall become immediately due and payable at the option of the holder of this Note.


The Note may be prepaid in whole or in part at any time. All such prepayments will be applied first to accrued interest and then to principal installments due hereunder in inverse order of maturity.


This Note is issued in c ...