NOTE
FOR VALUES
RECEIVED on May 1, 2009 of Two Thousand Five Hundred Dollars
($2,500.00), on May 29, 2009 of One Thousand Seven Hundred Fifty
($1,750) and June 30, 2009 of Two Thousand Five Hundred Dollars
($2,500.00), the undersigned DOVER HOLDING CORPORATION, a Delaware
corporation, having an address at 1818 North Farwell Avenue,
Milwaukee, Wisconsin 53202 (hereinafter referred to as
“Borrower”) hereby promises to pay to the order of
IRREVOCABLE CHILDREN’S TRUST NO.2 (hereinafter referred to as
“Payee”, Payee and its successors and assigns being
referred to as “Holder”) at 1818 North Farwell Avenue,
Milwaukee, Wisconsin 53202, or at such other place as Holder may
from time to time designate to Borrower in writing, the principal
sum of Six Thousand Seven Hundred Fifty Dollars ($6,750.00), on the
unpaid principal balance thereof at the rate and on the terms
hereinafter set forth, together with interest thereon at the rate
of 8% per annum on any unpaid balance, to be paid in lawful money
of the United States of America, as follows:
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Maturity . The term “Maturity” shall mean
June 30, 2010.
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All payments made hereunder shall be applied to
payment of the reduction of the outstanding principal.
This Note may
be prepaid, in whole or in part, at any time, without premium or
penalty of any kind. Any partial prepayment shall be applied to the
last installments due under the terms of this Note and shall not
reduce monthly payments due hereunder.
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