HomeMy WebLinkAbout895509AMOUNT: $262,864.59
PROMISSORY NOTE
8 9 5 5 8 TE:
EINCOLN COUNTY
November ~./. ~2003
CLERK'
u,.~ N0!.~ 25 g.!110.' 53
FOR VALUE RECEIVED, MDL PROPERTIES, LLC and TOM
LEWIS, of ~ayne, L~coln County, Wyoming, (Makers), promise to pay to the order 'of
HAMID NOORANI and CHART LANE, LLC, or their heirs or assigns, the sum Two
Hundred Sixty - Two Thousand Eight Hundred Sixty - Four Dollars and Fifty - Nine
Cents ($262,864.59) in acCordance with the following terms and conditions·
INTEREST RATE AND TERM
The Note shall bear interest at the rate of. six percent (6%) per'annum. The term
of this Note shall be one (1) year
PAYMENT OF PRINCIPAL AND INTEREST
The principal together with interest shall be due and payable one year from the
date of this Note. There shall be no penalty for prepayment of the Note. In the event that
the Makers shall elect to prepay, the Interest will be prorated to the date of payment.
DEFAULT
In case the Makers shall fail to pay any installment payment at the time the same
is due, the whole of the principal sum then remaining unpaid, together with the interest
that shall have accrued thereon, shall at the election of the holder of this note become at
once due and payable. Such election to be made at any time after default and with notice
made to the Makers.
CHOICE OF LAW AND VENUE
The parties agree that the provisions of this instrument are to be construed
according to and governed by the laws of the State of Wyoming and the parties agree that
any action relating to the collection of any amounts due and owing under this nOte may
be filed in the District Cc~urt in and for the County of Lincoln, State of Wyoming and the
undersigned does hereby agree and acknowledge the jurisdiction and venue of the'Courts
of the State of Wyoming and does consent thereto.
MODIFICATION
No provision of this Note shall be modified except by a written instrument
expressly referring to the provisions in this Note and signed by all parties.
Dated thiS 07/ day of /'2~ ,2003.
MDL Properties, LLC and
Tom and Sue Lewis Promissory Note
1 of 2
By To~is for
MDL pROPERTIES, LLC
SUE LEWIS
STATE OF ~G )
Az-a,, ) SS.
COUNTY OF-l:Jlstr:23:k~ )
4vie, The foregoing instrument was acknowledged before me this. _,ff/_'w
t/¢~,~ ~ ._, 2003 by TOM LEWIS, MDL PROPERTIES, LLC.
My Commission Expires:
STATE OF ~,EteC-:~Tlllg~- )
7-~ Ta-~ ) SS.
COUNTY OF'~ )
NOTARY PUBLIC
NOTARY PUBLIC
STATE OF IDAHO
The foregoing instrument was acknowledged before me this
//v/~ I/~ ~ ,2003 by TOM LEWIS.
My Commission Expires: ///'t79,7
STATE OF )
)
SS.
COUNTY OF
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day of
/g~/xr day of
NOTARY PUBLIC
STATE Of IDAHO
The foregoing instrument was acknowledged before me this
2{/oX/~=-x~- ,2003 by SUE LEWIS.
day of
NOT.~R~Y'puBLIC
] -" "" - 'Jtl~'sO~ ~0'~ - - -I__ ~.-__~---.--STATENOTARYofPUBLIC IDAHO _
My Commission Expires: ///~/t")~[
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MDL Properties, LLC and
Tom and Sue Lewis Promissory Note
2 of 2