HomeMy WebLinkAbout1994-154 Prom. Note - PencePROMISSORY NOTE
$1,283.10
Ashland, Oregon, April 19, 1994
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 two hundred
eighty-three dollars and ten cents ($1,283.10), plus accrued interest, at the rate of
seven per cent per annum from this date until paid; payable in monthly installments of
not less than $111.00 in any one payment; interest shall be paid and is included in
the minimum payments above required; the first payment to be made on the 18th day
of April, 1995.
Subsequent payments shall be made monthly thereafter on the 19th day of each
month, until the whole sum, principal and interest has been paid; if any installments is
not so paid, all principal and interest is to become immediately due and collectible at
the option of the holder of this note. If this note is placed in the hands of an attorney
for collection, I/we promise and agree to pay holder's reasonable attorney's fees and
collection costs, even though no suit or action is filed; however, if a suit or an action is
filed, the amount of such reasonable attorney's fees shall be fixed by the court, or
courts in which the suit or action, including any appeal therein is tried, heard or
decided.
~, 'Promisor
(m:\acctg\annual\note$\promnote.frm)
PAGE 1- PROMISSORY NOTE (m:\acctg\annual\notes\pronmote.frm)
AYOR:
PAYEE:
DUE DATES:
EFFECTIVE
DATE
Marga Pense
City of Ashland
Monthly the 19th
04/19/95
Principal 1,283.10
Interest 0.070
Term 12
PAYMENTS
Payment 111.00
Mo-dy-yr Payment Interest Principal Balance
1
2
3
4
5
6
7
8
9
10
11
12
04/18 /94 107.00 107.00 1,176.10
05/19 /94 111.00 6.86 104.14 1,071.96
06/19 /94 111.00 6.25 104.75 967.21
07/19 /94 111.00 5.64 105.36 861.86
08/19 /94 111.00 5.03 105.97 755.88
09/19 /94 111.00 4.41 106.59 649.29
10/19 /94 111.00 3.79 107.21 542.08
11/19 /94 111.00 3.16 107.84 434.24
12/19 /95 111.00 2.53 108.47 325.78
01/19 /95 111.00 1.90 109.10 216.68
02/19 /95 111.00 1.26 109.74 106.94
03/19 /95 107.56 0.62 106.94 0.00