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FOR VALUE RECEIVED, xx ( Borrower ) hereby issues this Partially Recourse Promissory Note ( the Note ) to xx ( the Payee ) ,
FOR VALUE RECEIVED, xx Borrower hereby issues this Partially Recourse Promissory Note the Note to xx the Payee and thereby unconditionally promises to pay to the order of Payee in lawful money of the United States of America and in immediately available funds the principal amount of One Hundred Twenty Nine Thousand Six Hundred dollars $ together with all accrued and unpaid interest thereon after the date hereof, if any, on the terms and conditions described below. PRINCIPAL. The principal balance of this Note shall be due and payable on December provided that at any time after all restrictions on the transfer of the Collateral as defined below have been lifted, Payee may demand repayment by delivering at least ten days prior written notice. INTEREST. This Note shall bear interest at the rate of Thirty Eight One Hundredths percent per annum, compounded monthly. Interest payable on this Note shall be calculated on the basis of one year of three hundred and sixtyfive day year for the actual number of days elapsed since November In no event shall the interest charged hereunder exceed the maximum permitted by law. Interest of this Note shall be due and payable as provided on Schedule A Build the interest schedule and the last day of payment with amount. Show the calculation of the monthly interest.
FOR VALUE RECEIVED, xx Borrower hereby issues this Partially Recourse Promissory Note the Note to xx the Payee and thereby unconditionally promises to pay to the order of Payee in lawful money of the United States of America and in immediately available funds the principal amount of One Hundred Twenty Nine Thousand Six Hundred dollars $ together with all accrued and unpaid interest thereon after the date hereof, if any, on the terms and conditions described below. PRINCIPAL. The principal balance of this Note shall be due and payable on December provided that at any time after all restrictions on the transfer of the Collateral as defined below have been lifted, Payee may demand repayment by delivering at least ten days prior written notice. INTEREST. This Note shall bear interest at the rate of Thirty Eight One Hundredths percent per annum, compounded monthly. Interest payable on this Note shall be calculated on the basis of one year of three hundred and sixtyfive day year for the actual number of days elapsed since November In no event shall the interest charged hereunder exceed the maximum permitted by law. Interest of this Note shall be due and payable as provided on Schedule A Build the interest schedule and the last day of payment with amount. Show the calculation of the monthly interest.
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