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THIS LOAN AGREEMENT AND PROMISSORY NOTE, is made this 26th day of
April 2009, by and among CYNTHIA LARIBEE (hereinafter, known as
"BORROWER") and LOLA LARIBEE (hereinafter, know as "LENDER").
BORROWER and LENDER shall collectively be known herin as "the Parties". In
determining the rights and duties of the Parties under this Loan Agreement, the entire
document must be read as a whole.
PROMISSORY NOTE
FOR VALUE RECIEVED, BORROWER promises to pay the order of LENDER, the
sum of $600.00 dollars, (hereinafter, "the Loan Amount"). The entire outstanding Loan
Amount shall become fully due and payable by BORROWER within 60 days of receipt
of written demand by BORROWER from LENDER or any subsequent assignee of this
note. The method for making a proper "demand" upon BORROWER is set forth below.
The LENDER in return will hold 14K Gold neckless with 5 diamonds at about .96Ct.
each, and a makers mark next to the 14K, valued at aproximatly $30,000, (herein after
known as "NECKLESS").
The BORROWER and LENDER, hereby further set forth their rights and obligation to
one another under this Loan Agreement and Promissory Note and agree to be legal bound
as follows:
F. After Due Date. Once Loan Amount is due and paid in full, the LENDER
must return NECKLESS to BORROWER.
H. Document copies. There are two (2) origanal Loan Agreements, both with
original signiture. No other copies shall be made. Only the original Loan Agreement
will be accepted.
I. Payment Reciepts. All receipts shall be in the same two (2) original
document form that is attached to this Loan Agreement. Signature of both parties
must be on both receipts from LENDER to BORROWER. Both parites will have one
(1) original each.
J. State Law. This Agreement shall be interpreted under, and governed by, the
laws of the state of California.
BORROWER LENDER
DATE:__________________ DATE:________________________