![]() ![]() Any legal costs that the Lender incurred because the Borrower was in default of payments will be added to the principal of the loan, and will be immediately paid by the Borrower.If the payment is more than five days late, a penalty of $50 will be added to the principal.As long as the Borrower is not in default of payments, Borrower may pay the outstanding balance owed on the Note to the Lender without penalty or further bonus payments.This Note is constructed in accordance with the laws of the State of STATE.The Borrower will make monthly payments of $200 on or by the fifth day of each month and this Note will be repaid in full on at which time the Lender will transfer the title of the car to the Borrower with a recording of the odometer reading.The above Borrower promises to pay the above Lender the principal sum of $4,500 with interest at the rate of 7% per annum that is calculated every year and not in advance.This Note is to document the sale of Make of Vehicle, VIN number, model, year of manufacture owned by Dean Martin, who has the legal right to sell the car to Sandy Jones. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |