PROMISSORY NOTE


         


         

Borrower:

LIONELL INC of PO Box 1123, LONG ISLAND CITY, NY, 11101 (the "Borrower")

Lender:

United States & Territories of United States, & Territories, NY, 11101 (the "Lender")

Principal Amount:      $2,017.00 USD

  1. FOR VALUE RECEIVED, The Borrower promises to pay to the Lender at such address as may be provided in writing to the Borrower, the principal sum of $2,017.00 USD, without interest payable on the unpaid principal, beginning on March 19, 2017.
  2. This Note will be repaid in consecutive weekly installments of $_______ each on the Wednesday of each week commencing the week following execution of this Note until the Lender has provided the Borrower with written notice of demand and the balance owing under this Note will be paid within 8.00 day(s) of any such notice of demand.
  3. At any time while not in default under this Note, the Borrower may pay the outstanding balance then owing under this Note to the Lender without further bonus or penalty.
  4. All costs, expenses and expenditures including, and without limitation, the complete legal costs incurred by the Lender in enforcing this Note as a result of any default by the Borrower, will be added to the principal then outstanding and will immediately be paid by the Borrower.
  5. This Note is secured by the following security (the 'Security'): L.A.M.E. 1 SWING - www.lame1.xyz sales of LAME1 SWING

    & © 1997
    Sex-n-games : classical games with an erotic twist.

    Type of Work: Text
    Registration Number / Date: TXu000787611 / 1997-03-07
    Title: Sex-n-games : classical games with an erotic twist.
    Description: 7 p.
    Copyright Claimant: LIONELL INC
    Date of Creation: 1997
    Variant title: Sex-n-games : classical games with an erotic twist.
    Names: LIONELL INC.
  6. The Borrower grants to the Lender a security interest in the Security until this Note is paid in full.  The Lender will be listed as a lender on the title of the Security whether or not the Lender elects to perfect the security interest in the Security.
  7. If the Borrower defaults in payment after demand for ten (10) days, the Security will be immediately provided to the Lender and the Lender is granted all rights of repossession as a secured party.
  8. If any term, covenant, condition or provision of this Note is held by a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties' intent that such provision be reduced in scope by the court only to the extent deemed necessary by that court to render the provision reasonable and enforceable and the remainder of the provisions of this Note will in no way be affected, impaired or invalidated as a result.
  9. This Note will be construed in accordance with and governed by the laws of the State of New York.
  10. This Note will enure to the benefit of and be binding upon the respective heirs, executors, administrators, successors and assigns of the Borrower and the Lender.  The Borrower waives presentment for payment, notice of non-payment, protest and notice of protest.

IN WITNESS WHEREOF the parties have duly affixed their signatures under seal on this ________________ day of ________, ________.

SIGNED, SEALED, AND DELIVERED
this ________________ day of ________, ________.

   


LIONELL INC

Per:______________________(SEAL)

     


SIGNED, SEALED, AND DELIVERED
this ________________ day of ________, ________.

   


_______________________________
United States & Territories

     

NOTARY ACKNOWLEDGMENT - BORROWER


STATE OF NEW YORK

COUNTY OF _________________

On this ________________ day of ________, ________, before me, the undersigned, a Notary Public in and for said state, personally appeared LIONELL INC, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument.



________________________________
Notary Public

My commission expires: _____________

NOTARY ACKNOWLEDGMENT - LENDER


STATE OF NEW YORK

COUNTY OF _________________

On this ________________ day of ________, ________, before me, the undersigned, a Notary Public in and for said state, personally appeared United States & Territories, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument.



________________________________
Notary Public

My commission expires: _____________

©2002-2017 LawDepot.com®