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Promissory Note - Daniel Murrey - 2025-06-17 - 85-104 Alawa Pl, Waianae, HI 96792.pdf

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Description

PROMISSORY NOTE Loan Amount: $7,000 Loan Date: June 17, 2025 For value received, the undersigned Poodle LFTY0452 DAO LLC (the "Borrower"), promises to pay to the order of Daniel Murrey (the "Lender"), the sum of seven thousand dollars ($7,000) with interest from June 10, 2025, on the unpaid principal at the rate of fifteen percent (15%) per annum, compounded annually. The loan shall be advanced for business purposes in connection with the property located at 85-104 Alawa Place, Waianae, HI 96792

Extracted Content

PROMISSORY NOTE Loan Amount: $7,000 Loan Date: June 17, 2025 For value received, the undersigned Poodle LFTY0452 DAO LLC (the "Borrower"), promises to pay to the order of Daniel Murrey (the "Lender"), the sum of seven thousand dollars ($7,000) with interest from June 10, 2025, on the unpaid principal at the rate of fifteen percent (15%) per annum, compounded annually. The loan shall be advanced for business purposes in connection with the property located at 85-104 Alawa Place, Waianae, HI 96792 (the “Property”) and jointly serviced by Lofty AI, Inc. and ECO Systems, LLC (“Servicer”). I. TERMS OF REPAYMENT A. Payments The unpaid principal and accrued interest shall be payable in monthly installments, beginning on July 17, 2025, and continuing until June 17, 2026, (the "Due Date"), at which time the remaining unpaid principal and interest shall be due in full. The monthly installment payments of principal and interest shall be six hundred seventy dollars and eighty-three cents ($670.83). B. Acceleration of Debt If the Borrower is in default under this Note or is in default under the security instrument securing repayment of this Note, and such default is not cured within 5 days afte