HomeMy WebLinkAbout1997-177 Promissory Note - Gross97-1S372
PROMISSORY NOTE
Planning Department Fee
Secured by Deed of Trust
$230.00
Ashland, Oregon, May 9, 1997
For value received, the undersigned promises to pay to the order of the City of
Ashland, Oregon, the sum of $230.00, together with interest on unpaid principal
computed from the date of this note at the rate of eight percent (8%) per annum. The
entire balance, principal and accumulated interest, shall be due and payable when the
undersigned's property at 242 West Hersey, Ashland, Oregon is sold, assigned or
there occurs any transfer, whichever date is earlier. A sale, assignment or transfer can
be voluntary or involuntary, and includes when any interest in the property is made,
including, but not limited to, a fee simple interest, a co-tenancy interest, a survivorship
interest, a life estate, a leasehold interest, any right to possession under a rental
agreement, or an interest evidenced by a mortgage, trust deed or land sale contract in
which possession of the home is transferred and the undersigned retain title.
If this note is paid prior to May 9, 1998, then the interest specified above shall be
waived by the holder of this note. If this note is placed in the hands of an attorney for
collection, the undersigned promises and agrees 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.
Arnold I. Gross
{p:agree\groes.not)
Jac~mn Count, Ore~n
Recorded
OFFICIAL RECORDS