HomeMy WebLinkAbout1995-181 Promissory Note - Bagel ManPROMISSORY NOTE
$1,036.20
Ashland, Oregon, July 25, 1995
For value received, I (or if more than one maker), we, jointly and severally, promise to
pay to the order of the City of Ashland, Oregon, an ("City"), at City Hall or such other
place as the City may designate, the principal sum of one thousand thirty-six dollars
and twenty cents ($1,036.20), plus accrued interest, at the rate of one per cent per
month from this date until paid; and plus penalties at the rate of ten per cent per
month from this date for two months; payable in weekly installments of not less than
$130.00 in any one payment; interest shall be paid monthly and is included in the
minimum payments above required; the first payment to be made on or before 5:00
p.m., Tuesday, the twenty-fifth day of July, 1995. Subsequent payments shall be
made weekly on each ~ thereafter, on or before the time set forth above, until the
whole sum, principal and~interest has been paid. Penalties shall be paid as provided
below. ~. ~ ~ ,~,~,
If all installments are paid as set forth in this note then the penalties specified above
shall be waived by the holder of this note. If any installment is not so paid, all
principal, interest and penalties become immediately due and collectible at the option
of the holder of this note. If this note is placed in the hands of an attorney for
collection, I/we promise and agree to pay holder's reasonable attorney's fees and
collection costs, even though no suit or action is filed; however, if a suit or an action is
filed, the amount of such reasonable attorney's fees shall be fixed by the court, or
courts in which the suit or action, including any appeal therein is tried, heard or
decided.
Julia S. Thompson, Promisor
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PROMISSORY NOTE (p:forrns\prom-f&b.pnt)[Rev'd 12/94]