Back to top

Promissory Note

Promissory Note

Promissory Note | Document Parties: BLUE EARTH SOLUTIONS, INC. | JEC Family LP You are currently viewing:
This Promissory Note involves

BLUE EARTH SOLUTIONS, INC. | JEC Family LP

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: Promissory Note
Date: 7/13/2009

Promissory Note, Parties: blue earth solutions  inc. , jec family lp
50 of the Top 250 law firms use our Products every day

Promissory Note

 

On this date of August 15, 2008, in return for valuable consideration received, the undersigned borrower promises to pay to JEC Family LP, the "Lender", the sum of Twenty Thousand Dollars ($20,000) plus any amounts added as an amendment to this note, together with interest thereon at the rate of eight percent (8%) per annum.

 

Collateral:             13511 Granville Ave, Clermont FL 34711

 

Legal Description:

 

LAKE HIGHLANDS 26-22-26 BEG AT SW COR OF TRACT 25, RUN N 00-56-04 W 220 FT, N 89-36-38 E 465.87 FT, S 00-53-49 E 220 FT, S 89-14-45 W 466.01 FT TO POB, BEING PART OF TRACT 25 PB 3 PG 52 ORB 3663 PG 1854 ORB 3667 PG 894

 

Terms of Repayment (Balloon): Starting on 5/15/2009 and continuing thereafter from month to month until the date of 4/15/2011, the borrowers shall make payments of the previous month's interest only. On 4/15/2011, final payment is due for the balance of the note plus any accrued unpaid interest. Lender has the option to receive fifty percent (50%) of any net proceeds received by the Borrower from investment transactions, in payment of the remaining note balance.

 

Late Fees: In the event that a payment due under this Note is not made within ten (10) days of the time set forth herein, the Borrower shall pay an additional late fee in the amount of $250.

 

Place of Payment - all payments due under this note shall be made at [6138 S Hampshire Ct., Windermere, FL 34786], or at such other place as the holder of this Note may designate in writing.

 

Prepayment - This Note may be prepaid in whole or in part at any time without premium or penalty. All prepayments shall first be applied to unpaid penalties, interest, and then to Principle.

 

Default - In the event of default, the borrower agrees to pay all costs and expenses incurred by the Lender, including all reasonable attorney fees (including both hourly and contingent attorney fees as permitted by law) for the collection of this Note upon default, and including reasonable


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more