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Promissory Note - 2025-01-08 - Yhome Nursing LLC - USD 12881.97 - 1432 Sara Ave - 1432 Sara Ave, Akron, Ohio 44305.pdf

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C A २ TE T PROMISSORY NO BALLOON PAYMEN S Σ Date: January 08, 2025 $12,881.97 For value received, the undersigned Lofty Holding 1432 Sara Avenuc DAO LLC (the "Borrower"), at 1432 SARA. Ave, Atkon _,promises to pay to OH 44305 the order of Yhome Nursing LLC (the "Lender"), at 52 Point Pleasant Drive, Palm Coast, FL, Palm Coast, Florida 32164 (or at such other place as the Lender may designate in writing), the sum of $12,881.97 with interest from January 22, 2025, on the unpaid principal at the ra

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C

A

२

TE

T PROMISSORY NO

BALLOON PAYMEN

S

Σ
Date: January 08, 2025

$12,881.97

For value received, the undersigned Lofty Holding 1432 Sara Avenuc DAO LLC (the "Borrower"), at

1432 SARA. Ave, Atkon

_,promises to pay to

OH 44305

the order of Yhome Nursing LLC (the "Lender"), at 52 Point Pleasant Drive, Palm Coast, FL, Palm Coast,
Florida 32164 (or at such other place as the Lender may designate in writing), the sum of $12,881.97 with

interest from January 22, 2025, on the unpaid principal at the rate of 6.99% per annum.
I. TERMS OF REPAYMENT
A. Payments

Unpaid principal after the Due Date shown below shall accrue interest at a rate of 15% annually until paid.
The unpaid principal and accrued interest shall be payable in monthly installments of $149.52, beginning on
February 22, 2025, and continuing until January 22, 2026, (the "Due Date"), at which time the
remaining
unpaid principal and interest shall be due in full.

THE BORROWER UNDERSTANDS THAT THE PAYMENT
OF THE ABOVE INSTALLMENT
PAYMENTS MAY NOT FULLY AMORTIZE THE
PRINCIPAL BALANCE OF THE NOTE, AND
THEREFORE, A BALLOON PAYMENT MAY BE DUE
ON THE DUE DATE.
B. Application of Payments
All payments on this Note shall

of principal.

be applied first in payment of accr

ued interest and any remainde

r in payment

C. Late Fees

The Borrower promises to

day(s) after its Due Date.

not as a penalty.

pay a late charge of $10

This late charge shall

Payment of such late charge

arising from or relati

ng to such late paymen

D. Acceleration of

t.

0.00 for each installment

that remains unpaid

than

7
damages in lieu of actual
damages, and
shall, under no circumsta
nces, be construed to cur
be paid as liquidated

more

e any default

Debt

If any installment is
not paid when du
e, the remaining un
become due imme
paid principal balanc
diately at the option
e and accrued int
of the Lender.
erest shall

II. SECURITY

This Note is se

cured by real
estate in a Situ
ated in the City
being a part of
of Akron, Coun
original Tract No
ty of Summit an
Lot No. 17 in
. 2 of Springfi
the Renner Al
d State of Ohio
eld Township an
lotment, unreco
:
d as being all
rded, bounded an
of
d described as
follows: Begi
nnin

And known as

g