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Promissory Note

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THIS PROMISSORY NOTE (hereinafter referred to as "the Note") is made on ________.

BETWEEN

________, of the following address:

________

(hereinafter referred to as the "Lender") of the one part,

AND

________, of the following address:

________

(hereinafter referred to as the "Borrower")

WHEREAS the Borrower promises to pay the last installment on the loan sum on ________.

In consideration of mutual covenants and promises contained in this Note and the receipt of which is hereby acknowledged, the Parties agree as follows:

1. SCHEDULE OF PAYMENT

The Borrower promises to repay the ₦________ (________) by a fixed installment every week, for a period of ________ (________) weeks. Each installment shall be ₦________.

2. PREPAYMENT

The Borrower reserves the right to repay the note in whole or in part at an earlier date.

3. DEFAULT ON PAYMENT

If the Borrower defaults in any obligation set forth herein, the Lender may declare the unpaid and any accrued interest, immediately due and payable.


4. GOVERNING LAW

This Note shall be governed and construed in accordance with the laws of the Federal Republic of Nigeria.

5. ENTIRE AGREEMENT

This Note and any other document referred to in this agreement, constitutes the entire agreement between the parties and supersede any prior written or oral agreement made between them.

6. ASSIGNMENT

The Borrower shall not assign any of its obligation or duties under this Note, without the prior written consent of the Lender.

7. WAIVERS

The Lender shall not be deemed to have waived any provision of this Note or the exercise of any rights held under this Note unless such waiver is made expressly and in writing. Waiver by Lender of a breach or violation of any provision of this Note shall not constitute a waiver of any other subsequent breach or violation.

8. NOTICES

All notices under this Note must be in writing. The notices must be delivered personally or mailed by certified mail to other party at the address written in this Note or that part's attorney.


9. VARIATION

No part of the Note shall be varied or terminated unless such variation is agreed and signed by both parties.

10. SEVERABILITY

58252 252888822 82 2588 8222 88 82222525 22 82 828255882. 52 522 252888822 88 8285885 225 522 525822 8552822825, 8585 8285885822 85588 222 522282 252 85885822 22 22525 8855828 82 2588 825222222.

11. COUNTERPARTS

5588 8222 252 82 25285225 82 8282558 825222525528, 588 22 85885 82282825228 5 882282 525222222 8228222 252 2552828.

12. MISCELLANEOUS

This Note shall inure to the benefit of and be binding on respective successors and permitted assigns of Lender and Borrower. In event that any of the provisions of this Note are held to be invalid or unenforceable in whole or in part, the remaining provisions shall not be affected and shall continue to be valid and enforceable as though the valid or unenforceable parts had not been included in this Note.

IN WITNESS WHEREOF, the Parties have executed this Note this day and year first written above.



SIGNED
by the within named ________




___________________________


in the presence of:


Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................



SIGNED
by the within named ________




___________________________


in the presence of:


Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................

See your document
in progress

THIS PROMISSORY NOTE (hereinafter referred to as "the Note") is made on ________.

BETWEEN

________, of the following address:

________

(hereinafter referred to as the "Lender") of the one part,

AND

________, of the following address:

________

(hereinafter referred to as the "Borrower")

WHEREAS the Borrower promises to pay the last installment on the loan sum on ________.

In consideration of mutual covenants and promises contained in this Note and the receipt of which is hereby acknowledged, the Parties agree as follows:

1. SCHEDULE OF PAYMENT

The Borrower promises to repay the ₦________ (________) by a fixed installment every week, for a period of ________ (________) weeks. Each installment shall be ₦________.

2. PREPAYMENT

The Borrower reserves the right to repay the note in whole or in part at an earlier date.

3. DEFAULT ON PAYMENT

If the Borrower defaults in any obligation set forth herein, the Lender may declare the unpaid and any accrued interest, immediately due and payable.


4. GOVERNING LAW

This Note shall be governed and construed in accordance with the laws of the Federal Republic of Nigeria.

5. ENTIRE AGREEMENT

This Note and any other document referred to in this agreement, constitutes the entire agreement between the parties and supersede any prior written or oral agreement made between them.

6. ASSIGNMENT

The Borrower shall not assign any of its obligation or duties under this Note, without the prior written consent of the Lender.

7. WAIVERS

The Lender shall not be deemed to have waived any provision of this Note or the exercise of any rights held under this Note unless such waiver is made expressly and in writing. Waiver by Lender of a breach or violation of any provision of this Note shall not constitute a waiver of any other subsequent breach or violation.

8. NOTICES

All notices under this Note must be in writing. The notices must be delivered personally or mailed by certified mail to other party at the address written in this Note or that part's attorney.


9. VARIATION

No part of the Note shall be varied or terminated unless such variation is agreed and signed by both parties.

10. SEVERABILITY

58252 252888822 82 2588 8222 88 82222525 22 82 828255882. 52 522 252888822 88 8285885 225 522 525822 8552822825, 8585 8285885822 85588 222 522282 252 85885822 22 22525 8855828 82 2588 825222222.

11. COUNTERPARTS

5588 8222 252 82 25285225 82 8282558 825222525528, 588 22 85885 82282825228 5 882282 525222222 8228222 252 2552828.

12. MISCELLANEOUS

This Note shall inure to the benefit of and be binding on respective successors and permitted assigns of Lender and Borrower. In event that any of the provisions of this Note are held to be invalid or unenforceable in whole or in part, the remaining provisions shall not be affected and shall continue to be valid and enforceable as though the valid or unenforceable parts had not been included in this Note.

IN WITNESS WHEREOF, the Parties have executed this Note this day and year first written above.



SIGNED
by the within named ________




___________________________


in the presence of:


Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................



SIGNED
by the within named ________




___________________________


in the presence of:


Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................