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mortgagenote.pdf

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Description

BALLOON PAYMENT PROMISSORY NOTE $12,881.97 Date: January 08, 2025 For value received, the undersigned Lofty Holding 1432 Sara Avenue DAO LLC (the "Borrower"), at _________________, _________________, _________________ _________________, promises to pay to 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

Extracted Content

BALLOON PAYMENT PROMISSORY NOTE $12,881.97 Date: January 08, 2025 For value received, the undersigned Lofty Holding 1432 Sara Avenue DAO LLC (the "Borrower"), at _________________, _________________, _________________ _________________, promises to pay to 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 thi