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Note - 1258 Lily Street, Akron, Ohio 44301.pdf

Generated 2026-07-01T16:39:32.685095+00:00 from live Dropbox Public folders.

Description

COGNOVIT PROMISSORY NOTE $50,000.00 Principal amount January , 2026 FOR VALUE RECEIVED, Providere Properties LLC, an Ohio limited liability company and Coenrad Biel, jointly and severally, (hereinafter referred to as “Maker”), hereby promise to pay to the order of Lofty Holding 1518 Dille Road DAO LLC, (hereinafter referred to as “Holder”), the principal sum of Fifty Thousand and 00/100 Dollars ($50,000.00). The interest rate applied to the principal balance is seven percent (7%) annually, amort

Extracted Content

COGNOVIT PROMISSORY NOTE $50,000.00 Principal amount January , 2026 FOR VALUE RECEIVED, Providere Properties LLC, an Ohio limited liability company and Coenrad Biel, jointly and severally, (hereinafter referred to as “Maker”), hereby promise to pay to the order of Lofty Holding 1518 Dille Road DAO LLC, (hereinafter referred to as “Holder”), the principal sum of Fifty Thousand and 00/100 Dollars ($50,000.00). The interest rate applied to the principal balance is seven percent (7%) annually, amortized over thirty (30) years. Borrower shall remit a fixed monthly payment of $332.65, comprising principal and interest, on the first (1st) day of each calendar month. Maker shall remit a balloon payment on January ___, 2031. Maker hereby waives presentation for payment, notice of dishonor, and diligence in bringing suit. Maker hereby consents that the time of payment may be extended after maturity from time to time by the Holder without notice thereof and without effect on any of the Holder's rights hereunder. No failure to exercise and no delay on the part of Holder in exercising any power or right in connection herewith shall operate as a waiver thereof, nor shall any single or partial ex