RealEstateBalloonPromissoryNote房产权条约docWord格式文档下载.docx

RealEstateBalloonPromissoryNote房产权条约docWord格式文档下载.docx

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No.__________________,_________,_________（M,D,Y）

LENDER:

AAA,（hereinaftertermedLENDER）,_________（ADDRESS）

BORROWER:

BBB,INC.,a_________（PLACENAME）corporation,whoseaddressis_________（ADDRESS）

BORROWERREPRESENTSHEREWITHTHATTHELOANEVIDENCEDHEREBYISBEINGOBTAINEDFORTHEFOLLOWINGPRIMARYPURPOSE:

[X]BUSINESS;

[]PERSONAL;

[]FAMILYORHOUSEHOLD;

[]AGRICULTURAL

FORVALUERECEIVED:

towit,moneyloaned,theabovenamed;

theundersignedBORROWER（hereinafterBORROWER）,promisestopaytotheorderofLENDERatitsofficeintheabovecity,orwhereverelseLENDERmayspecify,thesumofEIGHTHUNDREDTHOUSANDANDNO/100DOLLARS（$,_________）,withinterestuntilpaid.

INTERESTRATE:

Interestshallaccrueattherateof_________（_________）basispointsabovetheLIBORBaseRate,ashereinafterdefined.TheinterestrateshallinitiallybecalculatedwithreferencetotheLIBORBaseRatewhichisineffectonthedateofthisNoteandshallbeadjustedonthe_________（_________th）dayofeachmonthbeginning_________,_________,_________（M,D,Y）andcontinuingeachmonththereafter（theChangeDate）.TheinterestrateshallbefixeduntilthenextChangeDateassuchLIBORBaseRatechanges.Interestshallbecalculatedonthebasisofathreehundredsixty（360）dayyear,andchargedfortheactualnumberofdayselapsedinaninterestpaymentperiod.ThetermLIBORBaseRateshallmeanthatrateperannumforUnitedStatesdollardepositswithaonemonthmaturityforanamountequalorcomparabletotheoutstandingprincipalbalanceofthisNoteasreportedonTeleratepage3750（orifnotsoreported,thenasdeterminedbyLenderfromanotherrecognizedsourceofinterbankquotationsofLender’schoice）,asof__________________（PLACENAME）time,two

（2）_________（PLACENAME）businessdayspriortoeachChangeDateforsettlementinimmediatelyavailablefundsbymajortopcreditqualitybanksinthe_________（PLACENAME）InterbankMarketadjustedforreservesbydividingthatrateby1.00minustheLIBORReserve.TheLIBORBaseRateshallberoundedtothenexthigher1/16thof1%unlesstheBorrowerhashedgedLIBORwithaninterestrateswapwiththeLenderinwhicheventLIBORshallberoundedfive（5）decimalplacesassetforthinthe1991ISDADefinitionspublishedbytheInternationalSwapandDerivativesAssociation,Inc.LIBORReserveisthemaximumpercentagereserverequirement（roundedtothenexthighest1/16thof1%）ineffectforanydaytheprincipalbalanceofthisNoteisoutstandingundertheFederalReserveBoard’sRegulationDforEuro-CurrencyLiabilitiesasdefinedtherein.Innoevent,however,shallanyadjustmentorLIBORReserveexceedtheBorrower’sproratashareofLender’stotalreserverequirementforallofitsEuro-CurrencyLiabilities.TheLIBORBaseRateisoneofseveralinterestratebasesusedbyLender,andisnotnecessarilythelowestormostfavorablerateofinterestofferedbyLender.

PAYMENTSOFPRINCIPALANDINTEREST:

Beginningon_________,_________,_________（M,D,Y）,andcontinuingonthefifth（5th）dayofeachmonththereafteruntilthisNoteshallbepaidinfull,monthlypaymentsof（i）allaccruedbutunpaidinterestattheinterestrateprovidedabove,plus（ii）principalintheamountof$,_________shallbedueandpayable.On_________,_________,_________（M,D,Y）,thisNoteshallbefullypaidinafinalballoonpaymentandthethenremainingprincipalbalanceshallbepaidinfull,togetherwithallinterestaccruedthereon.

TheBorroweragreestopayalatechargeequalto5%ofeachpaymentofprincipaland/orinterestwhichisnotpaidwithin10daysofthedateonwhichitisdue.AtLENDER’Soption,theinterestrateshallbecomethehighestrateallowedbythelawofthestateofLENDER’SofficeassetforthhereincommencingwithandcontinuingforsolongastheloanoranyportionthereofisinDefault（ashereinafterdefined）.Further,uponBORROWER’SDefaultandwhereLENDERdeemsitnecessaryorpropertoemployanattorneytoenforcecollectionofanyunpaidbalanceortootherwiseprotectitsinterestshereunder;

thenBORROWERagreestopayLENDER’Sreasonableattorneys’fees（includingappellatecosts,ifany）andcollectioncosts.Liabilityforreasonableattorneys’feesandcostsshallexistwhetherornotanysuitorproceedingiscommenced.

Interestiscomputedonthebasisofa360dayyearfortheactualnumberofdaysintheinterestperiod（Actual/360computation）unlessindicatedbelow.

BORROWERHEREBYFURTHERWARRANTS,COVENANTS,ANDAGREES,ASFOLLOWS:

Anythingcontainedhereintothecontrarynotwithstanding,ifforanyreasontheeffectiverateofinterestonthisNoteshouldexceedthemaximumlawfulrate,theeffectiverateshallbedeemedreducedtoandshallbesuchmaximumlawfulrate,andanysumsofinterestwhichhavebeencollectedinexcessofsuchmaximumlawfulrateshallbeappliedasacreditagainsttheunpaidbalanceduehereunder.

LENDER’SActual/360or365/360computationdeterminestheannualeffectiveinterestyieldbytakingthestated（nominal）interestrateforayear’speriodandthendividingsaidrateby360todeterminethedailyperiodicratetobeappliedforeachdayintheinterestperiod.Applicationofsuchcomputationproducesanannualizedeffectiveinterestrateexceedingthatofthenominalrate.

AtLENDER’Soption,anyrepaymentsofthisNote,otherthanbyU.S.currency,willnotbecreditedtotheoutstandingloanbalanceuntilLENDERreceivescollectedfunds.

Intheeventanyprovision（s）ofthisinstrumentshallbeleftblankorincomplete,BORROWERherebyauthorizesandempowersLENDERtosupplyandcompletethenecessaryinformationasaministerialtaskconsistentwiththeunderstandingbetweentheparties.

BORROWERwarrantsthatBORROWERdoesnothaveeitherarecordorreputationforviolatingLawsoftheUnitedStatesorofanyStaterelatingtoliquor（asreferredtoin18U.S.C.A.3617,etseq.）ornarcoticsand/oranycommercialcrimes.

ThecollateralpledgedbyBORROWERtosecurethisNote（hereinafterreferredtoastheCOLLATERAL）SHALL,ATALLTIMES,BEATBORROWER’Srisk.Theloss,injurytoordestructionofCOLLATERALshallnotreleaseBORROWERfrompaymentorotherperformancehereof.BORROWERagreestoobtainandkeepinforcePhysicalDamageand/orPropertyDamageInsuranceonsaidCOLLATERALandanyotherinsurancerequiredbyLENDER.SuchinsuranceistobeinformandamountssatisfactorytoLENDER,withthesamepayabletoLENDER.AllsuchpoliciesshallprovidefortendayswrittenminimumcancellationnoticetoLENDER.BORROWERshallfurnishtoLENDERtheoriginalpoliciesorcertificateorotherevidencesatisfactorytoLENDERofcompliancewiththeforegoingprovisions.LENDERisauthorized,butnotobligated,topurchaseanyorallofsaidinsuranceorsingleinterestinsuranceprotectingonlyitssecurityinterest,allatBORROWER’Sexpense.Insuchevent,BORROWERagreestoreimburseLENDERforthecostofsuchinsurancetotheextentthatthesameisnotincludedintheprincipalamountsofthisNote.

BORROWERherebyassignstoLENDERtheproceedsofallsuchinsurancetotheextentoftheunpaidbalancehereunder,anddirectsanyinsurertomakepaymentsdirectlytoLENDER.BORROWERfurtherherebygrantstoLENDERitsPowerofAttorney,whichshallbeirrevocableforsolongasanyamountisunpaidhereunder.SaidPowerofAttorneygivesLENDERthesolerighttofileProofofLossand/oranyotherformsrequiredtocollectfromanyinsureranyamountduefromanyloss,damageordestructionoftheCOLLATERAL;

toagreetoandbindBORROWERastotheamountofsaidrecovery;

todesignatePayee（s）ofsuchrecovery;

tograntreleasestopayor-insurersfortheirliability;

tograntsubrogationrightstoanysuchpayor-insurer,toindorseanysettlementcheckordraft.BORROWERfurtheragreesnottoexerciseanyoftheforegoingpowersgrantedtoLENDER,withouttheLENDER’Swrittenconsent.Intheeventofanydefaulthereunder,LENDERisauthorizedinitssolediscretiontocancelanyinsuranceandcreditanypremiumrefundagainsttheunpaidbalancedueonBORROWER’SOBLIGATIONS.

If,withrespecttoanysecuritypledgedhereunder,astockdividendisdeclaredoranystocksplit-upmadeorrighttosubscribeisissued,allcertificatesforthesharesrepresentingsuchstockdividendorstocksplit-uprighttosubscribewillbeimmediatelydelivered,dulyindorsedtotheLENDERasadditionalCOLLATERALsecurity.

If,atanytime,theCOLLATERALshallbedeemedunsatisfactorytoandbyLENDER,orintheeventLENDERshallotherwisedeemitself,itssecurityinterests,itsCOLLATERALorsaiddebtunsafeorinsecure,thenandondemandofLENDER,BORROWERshallimmediatelyfurnishsuchfurtherCOLLATERALormakesuchpaymentonsaidaccountaswillbesatisfactorytoLENDERtobeheldbysaidLENDERasiforiginallypledgedhereunder.

Atitsoption,LENDERmaydischargetaxes,liens,securityinterestsorotherencumbrancesatanytimeleviedorplacedonsaidCOLLATERAL,maypayforinsuranceandforthemaintenanceandpreservationofsame.BORROWERagreestoreimburseLENDER,ondemand,foranysuchpaymentmade,oranysuchexpenseincurredbyLENDERpursuanttotheforegoingauthorization.UntilDefault,ashereinafterdefined,BORROWERshallhavetherighttoretainpossessionoftheCOLLATERAL,unlessotherwiseagreedbythepartieshereto,andtouseinanylawfulmannernotinconsistentwiththisNoteandtheLOANAGREEMENTandwithanypolicyofinsurancethereon.BORROWERshallbeliableforalldocumentaryandintangible