For advice on forms, you may contact J.A.B. Bulao & Associates at jabblaw@yahoo.com or send a message to Cell No. 09155205254. Our Address is at BSA Tower, 108 Legaspi St., Makati City (in front of Greenbelt 5).
PROMISORY NOTE
| Borrower Information | |
| Name:MR. JUAN DE LA CRUZ | Date:07 December 2010 |
| Street Address:Unit 666, The Bel-Air Place 5013 P. Burgos Street | Driver’s License No. : |
| City:Makati City | Social Security No.: |
| Country:Philippines | |
| Lender Information | |
| Name:MS. MARIA CLARA | Email: cangelietan@yahoo.com |
| Street Address:Unit 9999 BSA Tower, 108 Legaspit Street | Send Payment to:BPI Bank Account
Account Name: Maria Clara Account No.: 000386-55555 Branch: Greenbelt Drive Branch |
| City:Makati City | |
| Country:Philippines | |
| Loan Information | |
| Loan Amount:P127,500.00 | Loan Period:4 months |
| Interest rate: The loan is without interest. But in case of default Borrower shall pay interest of 24% per annum on the amount/s due. | Payment Schedule:Dec. 20 – P8,500.00
Jan. 20- P29,750.00 Feb. 10- P29,750.00 Feb. 28-P29,750.00 Mar. 15-P29,750.00 |
Promise to Pay. For value received, I, MR. JUAN DE LA CRUZ, promises to pay MARIA CLARA (Lender), the sum of PESOS: ONE HUNDRED TWENTY SEVEN THOUSAND FIVE HUNDRED (P127,500.00).
Installments.
Borrower will pay aforesaid amount by instalment as follows:
Dec. 20 – P 8,500.00
Jan. 20 – P29,750.00
Feb. 10 – P29,750.00
Feb. 28 – P29,750.00
Mar. 15 – P29,750.00
Application of Payments. Payments will be applied first to interest and then to principal.
Prepayment. Borrower may prepay all or any part of the principal without penalty.
Loan Acceleration. If borrower is more than 5 days late in making any payment, Lender may declare that the entire balance of unpaid principal is due immediately.
Security.
Borrower agrees that until the principal owed under this promissory note is paid in full, this note will be secured by security interest in the equipment, fixtures, inventory and accounts receivable of the Borrower and/or his business.
Borrower: JUAN DE LA CRUZ Date: _____________________
Witnessed: ___________________ Date: _____________________
Witnessed: ____________________ Date: _____________________
Good Day. I just want to ask po if you have an original copy of a duly notarized promissory notes issued any date between the years 2005 to 2010 and if you are willing to sell it just for my school requirement.
Those are the promissory notes that are already paid or dishonored. Thank you.
Dear Janelle,
We do not have on file. I suggest you contact collection agencies. They would have the documents you need.
Atty. Bulao
Thank You so much Atty. I appreciate your suggestion.