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EXHIBIT 10.2 TERM NOTE
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November 6, 2008
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U.S. $1,522,400.00
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Oakwood, Georgia
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FOR VALUE RECEIVED, the
undersigned, HOME FEDERAL HOLDINGS CORPORATION , a Georgia
corporation ("Borrower"), hereby promises to pay to the order of
PEOPLES STATE BANK OF COMMERCE , a bank organized under the
laws of the State of Tennessee (together with any subsequent holder
hereof, called "Lender"), the principal sum of ONE MILLION FIVE
HUNDRED TWENTY-TWO THOUSAND FOUR HUNDRED AND NO/100 DOLLARS
($1,522,400.00), or such lesser sum as may constitute the principal
balance of the Term Loan outstanding pursuant to the terms of the
Loan Agreement dated November 6, 2008, between Borrower and
Lender (as amended or restated from time to time, the "Loan
Agreement"), on the date on which such outstanding principal
amounts become due and payable pursuant to Section 1.2
of the Loan Agreement in strict accordance with the terms thereof.
Borrower likewise unconditionally promises to pay to Lender
interest from and after the date hereof on the principal amount of
the Term Loan outstanding at such interest rates, payable at such
times and computed in such manner as are specified in
Sections 1.2 and 1.5 of the Loan Agreement, in
strict accordance with the terms thereof.
This Term Note (this "Note") is
issued pursuant to, and is the Term Note referred to in, the Loan
Agreement. Capitalized terms used in this Note, unless otherwise
defined herein, shall have the meanings ascribed to such terms in
the Loan Agreement. Lender is and shall be entitled to all benefits
and security of the Loan Agreement and of all other Loan Documents.
Upon or after the occurrence of an
Event of Default and for so long as such Event of Default exists,
the principal balance and all accrued interest of this Note may be
declared (or shall become) due and payable in the manner and with
the effect provided in the Loan Agreement, and the unpaid principal
balance hereof shall bear interest at the Default Rate as
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