My Secured Promissory Note

SECURED PROMISSORY NOTE
$1,000,000.00 Date: June 08, 2018
For value received, the undersigned Gebann Aswan Wright (the "Borrower"), at 3360 standford
circle, decatur, Georgia 30096, promises to pay to the order of _________________ (the
"Lender"), at _________________, _________________, _________________
_________________ (or at such other place as the Lender may designate in writing), the sum of
$1,000,000.00 with no interest.
I. TERMS OF REPAYMENT
A. Payments
The unpaid principal and accrued interest shall be payable in full on any future date on which the
Lender demands repayment (the "Due Date").
Unpaid principal after the Due Date shall accrue interest at a rate of 0% annually until paid.
II. PREPAYMENT
The Borrower reserves the right to prepay this Note (in whole or in part) prior to the Due Date
with no prepayment penalty.
III. COLLECTION COSTS
If any payment obligation under this Note is not paid when due, the Borrower promises to pay all
costs of collection, including reasonable attorney fees, whether or not a lawsuit is commenced as
part of the collection process.
IV. DEFAULT
If any of the following events of default occur, this Note and any other obligations of the Borrower
to the Lender, shall become due immediately, without demand or notice:
1) the failure of the Borrower to pay the principal and any accrued interest when due;
2) the liquidation, dissolution, incompetency or death of the Borrower;
3) the filing of bankruptcy proceedings involving the Borrower as a debtor;
4) the application for the appointment of a receiver for the Borrower;
This is a RocketLawyer.com document. Page 1 of 4

5) the making of a general assignment for the benefit of the Borrower's creditors;
6) the insolvency of the Borrower;
7) a misrepresentation by the Borrower to the Lender for the purpose of obtaining or

extending credit; or
8) the sale of a material portion of the business or assets of the Borrower.
V. SEVERABILITY OF PROVISIONS
If any one or more of the provisions of this Note are determined to be unenforceable, in whole or
in part, for any reason, the remaining provisions shall remain fully operative.
VI. MISCELLANEOUS
All payments of principal and interest on this Note shall be paid in the legal currency of the United
States. The Borrower waives presentment for payment, protest, and notice of protest and demand
of this Note.
No delay in enforcing any right of the Lender under this Note, or assignment by Lender of this
Note, or failure to accelerate the debt evidenced hereby by reason of default in the payment of a
monthly installment or the acceptance of a past-due installment shall be construed as a waiver of
the right of Lender to thereafter insist upon strict compliance with the terms of this Note without
notice being given to Borrower. All rights of the Lender under this Note are cumulative and may
be exercised concurrently or consecutively at the Lender's option.
This note may not be amended without the written approval of the holder.
VII. GOVERNING LAW
This Note shall be construed in accordance with the laws of the State of _________________.
VIII. SIGNATURES
This Note shall be signed by Gebann Aswan Wright and _________________.
[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, this Agreement has been executed and delivered in the manner
prescribed by law as of the date first written above.
Signed this _____ day of _______________, _____, at ___________________________,

_________________________ .
Borrower:
Gebann Aswan Wright
By:____________________________________________________
Gebann Aswan Wright
Lender:
_________________
By:____________________________________________________
_________________

ASSIGNMENT
[ONLY COMPLETE THE FOLLOWING INFORMATION TO ASSIGN PAYMENTS TO

A NEW PARTY.]
For value received, the above Note is assigned and transferred to
____________________________________________, ("Assignee") of
_________________________,_________________________,
(City)(State/province)
________________________.
(Country)
Dated: _________________________
By:____________________________________________________
_________________

My Secured Promissory Note

Uploaded by

Copyright:

Available Formats

My Secured Promissory Note

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

My Secured Promissory Note

Uploaded by

Copyright:

Available Formats

SECURED PROMISSORY NOTE

$1,000,000.00 Date: June 08, 2018

III. COLLECTION COSTS

2) the liquidation, dissolution, incompetency or death of the Borrower;

3) the filing of bankruptcy proceedings involving the Borrower as a debtor;

4) the application for the appointment of a receiver for the Borrower;

This is a RocketLawyer.com document. Page 1 of 4

6) the insolvency of the Borrower;

7) a misrepresentation by the Borrower to the Lender for the purpose of obtaining or

8) the sale of a material portion of the business or assets of the Borrower.

VII. GOVERNING LAW

This Note shall be signed by Gebann Aswan Wright and _________________.

[SIGNATURE PAGE FOLLOWS]

This is a RocketLawyer.com document. Page 2 of 4

Signed this _____ day of _______________, _____, at ___________________________,

This is a RocketLawyer.com document. Page 3 of 4

[ONLY COMPLETE THE FOLLOWING INFORMATION TO ASSIGN PAYMENTS TO

For value received, the above Note is assigned and transferred to

This is a RocketLawyer.com document. Page 4 of 4

You might also like

Signed this _ day of _________, _, at _________________________,