Promissory Note (2)
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Promissory Note
(Loan repayable in installments with interest)
Name of Lender: Jeffrey Jones
1.
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For value received, Borrower promises
to pay to Lender the amount of $62,500.00
at 19th Floor, 1608 Walnut Street, Phoenix, Arizona 85016 at the rate of 7% per year from the date this note was signed until paid in full.
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2.
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Borrower agrees that this note shall be paid in installments, which include principal and interest,
of not less than $100.00 per month, due on the first day of each month until such time
as the principal and interst are paid in full.
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3.
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If any installment payment due under this note is not received by Lender within
5 days of its due date, the entire amount of unpaid principal shall become immediately
due and payable at the option of Lender without prior notice to Borrower.
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4.
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In the event Lender prevails in a lawsuit to collect on it, Borrower agrees to pay Lender's
attorney fees in an amount the court finds to be just and reasonable.
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_______________________
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