CAPITAL NOTE LOAN AGREEMENTLoan Agreement • August 14th, 2007 • Ministry Partners Investment Corp • Finance services • California
The undersigned investor ("you" or the "Lender") is executing this Loan Agreement with Ministry Partners Investment Corporation ("us", "we" or the "Corporation") in connection with Lender's purchase of the Corporation's unsecured promissory Capital Note in the principal amount of $__________ (the "Note").
CAPITAL NOTE MINISTRY PARTNERS INVESTMENT CORPORATIONTM A CALIFORNIA CORPORATIONCapital Note • August 14th, 2007 • Ministry Partners Investment Corp • Finance services • California
FOR VALUE RECEIVED, Ministry Partners Investment CorporationTM, a California Corporation ("Corporation"), promises to pay to __________ ("Lender") the principal amount of __________, with interest on the unpaid principal balance hereunder from time to time at the rate of __________% PER ANNUM (__________% APY) commencing upon the Date of this Note stated above. This Note is issued pursuant to that certain Loan Agreement by and between Lender and the Corporation of even date herewith, and is a duly authorized, privately negotiated unsecured promissory Note of the Corporation designed as a Capital Note.
