Promissory Note


SUBMITTED BY: Guest

DATE: Sept. 13, 2012, 4:25 p.m.

FORMAT: Text only

SIZE: 9.4 kB

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  1. ----------------------------------------------------------------------------
  2. | |
  3. | Promissory Note |
  4. | |
  5. ----------------------------------------------------------------------------
  6. ----------------------------------------------------------------------------
  7. -------------------------- BORROWER INFORMATION ----------------------------
  8. ----------------------------------------------------------------------------
  9. Name:
  10. Street Address:
  11. ZIP / City:
  12. Country / State:
  13. Date of Birth:
  14. Loan Amount:
  15. Area code / Telephone number:
  16. Email Address:
  17. #bitcoin-otc Username:
  18. Driver's License Number:
  19. Social Security Number:
  20. PGP-Key ID:
  21. PGP-Key Fingerprint:
  22. Bitcoin Address:
  23. ----------------------------------------------------------------------------
  24. ---------------------------- LENDER INFORMATION ----------------------------
  25. ----------------------------------------------------------------------------
  26. Name:
  27. Street Address:
  28. City:
  29. ZIP:
  30. State:
  31. Country:
  32. Area code/Telephone number:
  33. Email Address:
  34. #bitcoin-otc Username:
  35. PGP-Key ID:
  36. PGP-Key Fingerprint:
  37. Bitcoin Address:
  38. ----------------------------------------------------------------------------
  39. ---------------------------- LOAN INFORMATION ------------------------------
  40. ----------------------------------------------------------------------------
  41. Loan Amount:
  42. Loan Period:
  43. Interest Rate:
  44. Payment Schedule:
  45. Bitcoin is a digital currency recognized by individuals and entities all
  46. over the world, hereafter referred to as "BTC".
  47. ----------------------------------------------------------------------------
  48. ------------------------ TERMS AND CONDITIONS ------------------------------
  49. ----------------------------------------------------------------------------
  50. 1.Promise to pay
  51. ----------------
  52. For value received, _____________________ (Borrower) promises to pay
  53. _____________________ (Lender) ____.________ BTC and interest at the
  54. rate of _.__% per
  55. [ ] day
  56. [ ] week
  57. [ ] month
  58. on the unpaid balance as specified below.
  59. 2.Installments
  60. --------------
  61. [ ] Borrower will pay ___.________ BTC each at
  62. [ ] daily
  63. [ ] weekly
  64. [ ] monthly
  65. intervals.
  66. [ ] Borrower will pay one lump payment on __/__/____ date (00:00:00 UTC).
  67. [ ] Borrower will pay ___ payments of ___.________ BTC each at
  68. [ ] daily
  69. [ ] weekly
  70. [ ] monthly
  71. intervals with a final baloon payment of ___.________ BTC at the end
  72. of the loan term on __/__/_____ date (00:00:00 UTC).
  73. 3.Application of payments
  74. -------------------------
  75. Payments will be applied first to interest and then to principal.
  76. 4.Prepayment
  77. ------------
  78. Borrower may prepay all or any part of the principal without penalty.
  79. 5.Late Payment Fees
  80. -------------------
  81. If Borrower defaults in payment by more than 3 days of the time set forth
  82. herein, then Borrower shall pay an additional late fee in the amount
  83. of 1.75% per day.
  84. 6.Loan Acceleration
  85. -------------------
  86. If Borrower is more than 14 days late in making any payment, Lender may
  87. declare that the entire balance of unpaid principal is due immediately,
  88. together with interest that has accrued.
  89. 7. Security
  90. -----------
  91. [ ] This is an unsecured note.
  92. [ ] Borrower agrees that until the principal and interest owed under this
  93. promissory note are paid in full, this note will be secured by the
  94. [ ] mortgage
  95. [ ] deed of trust
  96. covering the real estate commonly known as ________________________.
  97. [ ] Borrower agrees that until the principal and interest owed under this
  98. promissory note are paid in full, this note will be secured by the
  99. securities described below:
  100. ____________________________________________________________________________
  101. ____________________________________________________________________________
  102. ____________________________________________________________________________
  103. 8.Collection Costs
  104. ------------------
  105. The undersigned and all other parties to this note, whether as endorsers,
  106. guarantors or sureties, agree to remain fully bound until this note shall
  107. be fully paid and waive demand, presentment and protest and all notices
  108. hereto and further agree to remain bound notwithstanding any extension,
  109. modification, waiver, or other indulgence or discharge or release of any
  110. obligor hereunder or exchange, substitution, or release of any collateral
  111. granted as security for this note. No modification or indulgence by any
  112. holder hereof shall be binding unless in writing; and any indulgence on any
  113. one occasion shall not be an indulgence for any other or future occasion.
  114. Any modification or change in terms, hereunder granted by any holder hereof,
  115. shall be valid and binding upon each of the undersigned, notwithstanding the
  116. acknowledgement of any of the undersigned, and each of the undersigned does
  117. hereby irrevocably grant to each of the others a power of attorney to enter
  118. into any such modification on their behalf. The rights of any holder hereof
  119. shall be cumulative and not necessarily successive. This note shall take
  120. effect as a sealed instrument and shall be construed, governed and enforced
  121. in accordance with the laws of the ___________________ (State/Country).
  122. 9.Special Conditions
  123. --------------------
  124. ____________________________________________________________________________
  125. ____________________________________________________________________________
  126. ____________________________________________________________________________
  127. ____________________________________________________________________________
  128. ____________________________________________________________________________
  129. ____________________________________________________________________________
  130. ____________________________________________________________________________
  131. ____________________________________________________________________________
  132. ____________________________________________________________________________
  133. ____________________________________________________________________________
  134. ____________________________________________________________________________
  135. ____________________________________________________________________________
  136. ____________________________________________________________________________
  137. ____________________________________________________________________________
  138. ____________________________________________________________________________
  139. ----------------------------------------------------------------------------
  140. | THIS MESSAGE MUST BE SIGNED BY BOTH PARTIES - BORROWER AND LENDER. |
  141. ----------------------------------------------------------------------------
  142. --chmod755

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