Common Contracts
1 similar null contracts
DEFERRED-PAYMENT LOAN PROMISSORY NOTEJune 14th, 2019
This agreement is entered into this DAY OF 20 . For value received, the undersigned, NAME (herein after referred to as the "BORROWER"), promise to pay to the order of the City of Lowell (herein after referred to as the "LENDER"), acting by and through its Department of Planning and Development, located at 50 Arcand Drive, Lowell, Massachusetts 01852 or such place as the holder hereof may designate in writing, the sum of Thousand Dollars, ($0,000.00), without interest on the unpaid balance from the date hereof. This note shall be due and payable upon the sale, transfer of ownership or refinance for the purpose of obtaining equity of the property located at Street, Lowell, Massachusetts, 018, covered by the mortgage securing this note.
