please answer questions 6 -10 please using handout #1

HANDOUT #1 May 15, 2018 FOR VALUE RECEIVED, Russell Realty Co, Toe having an address at 129 Broadway, Huntington, NY ("Borrower hereby covenantand promises to pay to The Magnetic Fund of Long Island, LP a Delaware limited partnership, having an address at 982 Monk Highway, Suite 3. Bayport, NY 11705 ("Lende") at Lender's address first above written, Four Hundred Thousand Dollars ($400,000.00), Jawful money of the United States of America, together with interest thereos computed from the date hereof at a rate equal to six and one half (6.5%) percent per annum, which interest shall be payable Interest only at the resultate in moothly installment comencing on the 15th day of June, 2018, and continuing on the fifteenth day of each oth the her, until May 149 2020, on which date all outstanding principal and served interest shell be doe and payable Interest shall be calculated on the basis of an actual number of days / 360 day year. Borrower covenants and agrees with Leader as follows: 1. Barrower will pay the indebtedne evidenced by this Notas provided herein. 2. This Note is secured by a mortgage of even dat heewith (the "Mortgago"), which Mortgage is a linn upon the real property known as 123 Smith Street. Quogue, NY and more particularly described in said Mortgage 3. The holder of this Note may declare the entire unpaid amount of principal and interest under this Note to be inmediately due and payable if Bortower doluults in the doo and punctual payment of any installment of principal or interest bereander, and more than toni (10) days has clapsed beyond the due date for such payment. 4. The Borrower shall have the right to prepay the entire indebtedness evidenced by this Note on or for November 15, 2018 without petulty RUSSELL REALTY, CO, INC By BACK: Without Recourse, Pay to the order of Sheryl Jackie wThe Magnetic Fund of Long Island Questions for Handout # 1 1. What type of Instrument is this - Promissory Note, Check, Draft or certificate of Deposit? This is a promissory note as there is a promise to pay a certain sum of money by one party to another. 2. Identify the parties. Maker / Drawer? Payee? Drawee? Marker or Drawer-Russell Realty Co Drawee or Payee- The Magnetic Fund of Loan Island. 3. Prior to endorsement -Is it Order Paper or Bearer Paper? Order paper as it has the name of the party to whom only the payment has to be made. 4. What type of endorsement (if any) is on the back? This is an instruction to the bank about the payment. 5. The party that holds the right to payment on Original Issue = _Russell Realty Co. 6. The party to whom the right to payment was transferred 7. What is the Principal Amount? The principal amount is 400,000 8. Is this a secured loan? _Yes, it is secured against the real property with the address 123 Smith Street, Quogue, New York. What is the collateral? 9. What is the interest rate? Interest rate is 6.5 per annum 10. What is the term? Given Installment dates, 15 day of June 2018 to May 14 2020. Monthly, so the term is 2 years. 11. What type of amortization? Full? Interest only? Balloon? Negative? Interest only, this is because the terms dearly mention that only interest to be pald in monthly installments