[{"id":"4e4eb425-a524-4b8d-a836-dd3b4872c44b","order":1,"text":"PERSONAL LOAN AGREEMENT AND PROMISSORY NOTE","fontSize":"20","textAlign":"center","bold":true,"underline":false,"marginBottom":"24","cflou":false,"active":true},{"id":"470fab4e-fe5f-4e2c-b855-fb5962a41c88","order":2,"text":"This Personal Loan Agreement and Promissory Note (the "Agreement") is made and entered into as of [Effective Date], by and between the following parties:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true},{"id":"d5a98dfa-02a1-44b0-8ee5-7c274a54f394","order":3,"text":"[Lender's full name], an individual residing at [Lender's address] (the "Lender"); and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"35e05ba6-6bf9-48f6-8af7-06459a4a3a2a","order":4,"text":"[Borrower's full name], an individual residing at [Borrower's address] (the "Borrower").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true},{"id":"838e76f3-eada-4d92-a33c-0c1f5380ac75","order":5,"text":"The Lender and the Borrower are referred to individually as a "Party" and collectively as the "Parties." The Borrower and any Guarantor identified below are referred to together as the "Obligors."","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"c410e131-d986-4d92-b4f2-22a10d575b68","order":6,"text":"RECITALS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6"},{"id":"ff38d5b7-fa9f-4b44-92d4-677467dee6e1","order":7,"text":"WHEREAS, the Borrower wishes to borrow a sum of money from the Lender, and the Lender is willing to lend such sum to the Borrower on the terms and conditions set out in this Agreement;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"f4a3299d-56ab-4629-94a2-9ae7e7e2e2e2","order":8,"text":"WHEREAS, the Parties are personally known to one another and intend this Agreement to constitute a binding, enforceable, and negotiable promissory note evidencing the Borrower's unconditional obligation to repay the loan in accordance with its terms;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"4af08fbf-f51a-4c2b-9af4-319db3ee505a","order":9,"text":"NOW, THEREFORE, in consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"77d75901-1aaf-42c0-a892-b94d5a26fbc7","order":10,"text":"1. LOAN AMOUNT AND DISBURSEMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S01"},{"id":"452000fd-8e14-47fc-a79c-866833e96bab","order":11,"text":"Subject to the terms of this Agreement, the Lender agrees to lend to the Borrower, and the Borrower agrees to borrow from the Lender, the principal sum of $[Principal amount] (the "Principal" or the "Loan").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"b8d4eec3-c3a4-4302-9f46-842ebea2399d","order":12,"text":"The Lender shall disburse the Principal to the Borrower on or before [Disbursement date] by [Disbursement method]. The Borrower's acceptance of the Principal shall constitute conclusive evidence that the Loan has been fully advanced and received, and the Borrower waives any defense based on lack or failure of consideration.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"ee2b8662-714e-46e5-a9b4-3ebfd4639c57","order":13,"text":"The Borrower represents that the Loan will be used for the following purpose: [Purpose of the loan]. The Loan is made for personal, family, or household purposes and not for any business or commercial purpose unless otherwise stated above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"aa2e5005-b17a-4606-ba82-0f2a42745015","order":14,"text":"2. PROMISSORY NOTE AND OBLIGATION TO REPAY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S02"},{"id":"98818c0e-bd38-4093-8b23-f2754710897e","order":15,"text":"FOR VALUE RECEIVED, the Borrower unconditionally promises to pay to the order of the Lender the principal sum set out above, together with interest thereon (if any) as provided in this Agreement, and all other amounts payable hereunder, in lawful money of the United States of America, strictly in accordance with the repayment terms set out below. This Agreement evidences a promissory note and is enforceable as such. The Borrower's obligation to repay is absolute and unconditional and shall not be subject to any counterclaim, setoff, deduction, or defense, except as expressly provided herein or required by applicable law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"fbcd12ac-267a-44fc-bfa9-a6bbe012c2dc","order":16,"text":"3. INTEREST","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S03","displayConditions":[{"field":"234b2cfc-a4bd-45bf-8318-7d5724410b80","value":"bearing","type":"add","operator":"="}]},{"id":"cc711463-de2b-4e06-b258-04c46ca3ce97","order":17,"text":"The outstanding Principal shall bear simple interest at a fixed rate of [Annual interest rate]% per annum, calculated on the basis of a 365-day year for the actual number of days elapsed. Interest shall accrue from the date the Principal is disbursed until the Loan is repaid in full.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"234b2cfc-a4bd-45bf-8318-7d5724410b80","value":"bearing","type":"add","operator":"="}]},{"id":"227d5fb6-8a06-4e58-914b-4609572eb269","order":18,"text":"The Parties intend that the interest rate stated in this Agreement comply with, and in no event exceed, the maximum rate permitted by applicable law, and this Section is subject to the usury savings provision set out below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"234b2cfc-a4bd-45bf-8318-7d5724410b80","value":"bearing","type":"add","operator":"="}]},{"id":"84717b82-0aac-415e-a01f-381b1b24563b","order":19,"text":"4. TAX MATTERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S04"},{"id":"35e2fc9e-59f6-470b-8bd5-b16b75ffbeca","order":20,"text":"The Parties acknowledge that, for U.S. federal income tax purposes, a loan between individuals may be treated as carrying interest at no less than the Applicable Federal Rate ("AFR") published monthly by the Internal Revenue Service. The Parties intend that the interest rate stated in this Agreement equal or exceed the AFR in effect for the month in which the Loan is made and for a term corresponding to the Loan, so that no interest is imputed and the Loan is not recharacterized. The Lender shall report interest income, and the Borrower may report interest paid, as required by applicable law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"234b2cfc-a4bd-45bf-8318-7d5724410b80","value":"bearing","type":"add","operator":"="}]},{"id":"af3b5acb-d7df-4172-90cd-ffca6c7fc032","order":21,"text":"The Parties acknowledge that this Loan is made without interest and that, for U.S. federal income tax purposes, a below-market or interest-free loan between individuals may result in interest being imputed to the Lender under Section 7872 of the Internal Revenue Code, and may, depending on the amount and circumstances, have gift-tax consequences. The Parties have considered these consequences, intend the transaction to be a genuine loan (and not a gift) creating a bona fide debtor-creditor relationship, and each Party is advised to consult a qualified tax advisor. Nothing in this Agreement constitutes tax advice by either Party.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"234b2cfc-a4bd-45bf-8318-7d5724410b80","value":"free","type":"add","operator":"="}]},{"id":"6c55e29d-0e77-4c76-9570-b60ebe661aae","order":22,"text":"Each Party shall be responsible for its own tax obligations arising from this Loan. This Section reflects the Parties' understanding only and does not modify the repayment obligations set out elsewhere in this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"ce9a7835-e059-47d8-997b-870a9058f905","order":23,"text":"5. REPAYMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S05"},{"id":"754501ea-f61f-4b7b-8a2a-9341752330bd","order":24,"text":"This Loan is made without interest, and the Borrower's sole monetary obligation under this Agreement (absent default) shall be the repayment of the Principal.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"234b2cfc-a4bd-45bf-8318-7d5724410b80","value":"free","type":"add","operator":"="}]},{"id":"f3a6651b-fc1a-479e-abb4-b55694c7e719","order":25,"text":"Repayment in a single payment. The Borrower shall repay the entire outstanding Principal, together with all accrued and unpaid interest (if any), in a single lump-sum payment due on or before [Maturity date] (the "Maturity Date").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"8f84d195-4fe2-40ab-9a7a-a49b7ff42a8e","value":"lump","type":"add","operator":"="}]},{"id":"becb8efb-bec2-4c02-b379-4a5fe5c58307","order":26,"text":"Repayment in installments. The Borrower shall repay the Loan in [Number of installments] equal [Frequency] installments of $[Installment amount] each, the first installment being due on [First installment date] and each subsequent installment being due on the same day of each successive period until the Loan is repaid in full.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"8f84d195-4fe2-40ab-9a7a-a49b7ff42a8e","value":"install","type":"add","operator":"="}]},{"id":"e5a64263-3f86-401d-9e67-7c027334014b","order":27,"text":"The final installment shall be in an amount equal to the entire then-outstanding balance of Principal and accrued interest (if any) and shall be due on or before [Final payment date] (the "Maturity Date").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"8f84d195-4fe2-40ab-9a7a-a49b7ff42a8e","value":"install","type":"add","operator":"="}]},{"id":"a721a422-8477-44cb-8ac7-1e2605c5ce1c","order":28,"text":"Interest-only payments with a final balloon payment. Until the Maturity Date, the Borrower shall make periodic [Frequency] payments of accrued interest only, the first such payment being due on [First interest payment date]. The entire outstanding Principal, together with any accrued and unpaid interest, shall be due and payable in a single balloon payment on or before [Maturity date] (the "Maturity Date").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"8f84d195-4fe2-40ab-9a7a-a49b7ff42a8e","value":"balloon","type":"add","operator":"="}]},{"id":"32b145e9-4965-4187-b229-540abcacc995","order":29,"text":"All payments shall be made to the Lender by [Payment method], or by such other method as the Lender may reasonably designate in writing. All payments shall be made in U.S. dollars. If any payment date falls on a day that is not a business day, payment shall be due on the next business day. For purposes of this Agreement, "business day" means any day other than a Saturday, Sunday, or federal public holiday on which banks in the State identified in the Governing Law section are generally closed. Time is of the essence with respect to every payment obligation under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"748a6071-a861-421c-8941-dda672a1a6d5","order":30,"text":"6. PREPAYMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S06"},{"id":"94d0a235-c861-4ada-899f-e04586ac8f61","order":31,"text":"The Borrower may prepay the Loan, in whole or in part, at any time and from time to time without penalty or premium. Any partial prepayment shall be applied in accordance with the order of application set out below and shall not relieve the Borrower of the obligation to make any subsequent scheduled payment until the Loan is repaid in full, unless the Lender agrees otherwise in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"2ace050b-5e04-48fa-a3ac-3ebc3ce4e7d5","order":32,"text":"7. APPLICATION OF PAYMENTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S07"},{"id":"a3b38db0-69ab-4a40-9a41-c10546daa92c","order":33,"text":"Unless otherwise required by applicable law, each payment received shall be applied first to any fees, costs, and charges then due under this Agreement, then to accrued and unpaid interest (if any), and finally to the outstanding Principal. The Lender may, in its reasonable discretion, change this order of application to comply with applicable law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"9ee610c8-d41c-485b-82ec-80eaf853f044","order":34,"text":"8. LATE PAYMENT AND DEFAULT INTEREST","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S08","displayConditions":[{"field":"188e5db1-de8f-4590-a782-16eb06d10bd4","value":"yes","type":"add","operator":"="}]},{"id":"5da1c72b-e306-4ce6-9921-be3b1e7d2fdc","order":35,"text":"If any payment due under this Agreement is not received by the Lender within [Grace period] days after its due date, the Borrower shall pay a late charge of $[Late fee amount] for each such late payment. In addition, any amount not paid when due shall bear interest, from the due date until paid, at a default rate of [Default interest rate]% per annum or, if lower, the maximum rate permitted by applicable law. Any late charge and default interest represent a reasonable estimate of the Lender's costs arising from the delay and are not a penalty. The Lender's acceptance of any late or partial payment shall not waive the Lender's right to require full and timely payment of all other amounts due or to exercise any remedy.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"188e5db1-de8f-4590-a782-16eb06d10bd4","value":"yes","type":"add","operator":"="}]},{"id":"bd6d673c-0dd0-4fdc-a674-f99967e37e35","order":36,"text":"9. SECURITY INTEREST","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S09","displayConditions":[{"field":"14809c9b-6dde-4d7b-bbbb-90400013d975","value":"yes","type":"add","operator":"="}]},{"id":"74d9bf34-8967-411c-86ba-20a433442b49","order":37,"text":"As security for the full and timely performance of all of the Borrower's obligations under this Agreement, the Borrower hereby grants to the Lender a security interest in the following collateral: [Description of collateral] (the "Collateral"), together with all proceeds thereof.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"14809c9b-6dde-4d7b-bbbb-90400013d975","value":"yes","type":"add","operator":"="}]},{"id":"27073c0a-2029-4640-8c2e-77303bb63ade","order":38,"text":"The Borrower authorizes the Lender to file one or more financing statements (including a UCC-1 financing statement) and to take any other action reasonably necessary to perfect and maintain the security interest granted herein, and shall execute such further documents as the Lender may reasonably require. The Borrower shall not sell, transfer, encumber, or otherwise dispose of the Collateral without the Lender's prior written consent while any amount remains outstanding, and shall keep the Collateral free of other liens and, where applicable, insured against loss. Upon repayment of the Loan in full, the Lender's security interest shall automatically terminate and the Lender shall promptly file any release reasonably requested by the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"14809c9b-6dde-4d7b-bbbb-90400013d975","value":"yes","type":"add","operator":"="}]},{"id":"a0a9eb6c-f40f-4672-84ec-fd1da094f95e","order":39,"text":"10. GUARANTY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S10","displayConditions":[{"field":"59fe855e-3756-467f-8b77-006e0fadd475","value":"yes","type":"add","operator":"="}]},{"id":"07d64504-cdce-42d3-bf17-024eac11feaf","order":40,"text":"[Guarantor's full name], residing at [Guarantor's address] (the "Guarantor"), hereby unconditionally and irrevocably guarantees to the Lender the full and punctual payment and performance of all of the Borrower's obligations under this Agreement. This is a guaranty of payment and performance and not merely of collection. The Guarantor's liability shall be joint and several with that of the Borrower, and the Lender may proceed directly against the Guarantor without first proceeding against the Borrower or any Collateral.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"59fe855e-3756-467f-8b77-006e0fadd475","value":"yes","type":"add","operator":"="}]},{"id":"d6b8e675-c125-4978-a160-1389f84bc838","order":41,"text":"The Guarantor waives notice of acceptance of this guaranty, notice of any default, presentment, demand, protest, and any requirement that the Lender exhaust any remedy against the Borrower before enforcing this guaranty. The Guarantor's obligations shall not be released or reduced by any modification, extension, or forbearance granted to the Borrower, and shall be reinstated if any payment is avoided, rescinded, or recovered. Until all amounts are paid in full, the Guarantor waives any right of subrogation, reimbursement, or contribution against the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"59fe855e-3756-467f-8b77-006e0fadd475","value":"yes","type":"add","operator":"="}]},{"id":"e0955014-dee8-40bc-b947-fa215421a994","order":42,"text":"11. SPOUSAL CONSENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S11","displayConditions":[{"field":"58b7748a-3fd3-41ae-b78a-cf9c94b49b55","value":"yes","type":"add","operator":"="}]},{"id":"7a031d26-15d5-40d0-9e7c-3eec45fe32e5","order":43,"text":"The undersigned spouse of the Borrower, [Spouse's full name], acknowledges having read this Agreement and consents to its terms. To the extent the obligations under this Agreement, or any Collateral pledged hereunder, may involve community property or marital property, the spouse consents to the Borrower's incurrence of such obligations and, where applicable, to the grant of any security interest, and agrees that such community or marital property may be applied to satisfy the Borrower's obligations to the extent permitted by applicable law. This consent is given for the benefit of the Lender and may be relied upon by the Lender.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"58b7748a-3fd3-41ae-b78a-cf9c94b49b55","value":"yes","type":"add","operator":"="}]},{"id":"63de053d-25ff-41f9-a442-190d0e8ba972","order":44,"text":"12. REPRESENTATIONS AND COVENANTS OF THE BORROWER","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S12"},{"id":"7508595b-23d9-4120-ba96-2890493df244","order":45,"text":"The Borrower represents and warrants that the Borrower has full legal capacity and authority to enter into this Agreement; that this Agreement constitutes a legal, valid, and binding obligation enforceable against the Borrower in accordance with its terms; that the Borrower is not relying on any representation of the Lender not expressly set out herein; and that the execution of this Agreement does not violate any other agreement or obligation binding on the Borrower. The Borrower covenants to keep the Lender reasonably informed of any material change in the Borrower's financial condition or ability to repay the Loan, and to notify the Lender promptly of any change of address.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"125dd0e7-690a-462d-9cb8-601e62d4ec7d","order":46,"text":"13. EVENTS OF DEFAULT AND REMEDIES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S13"},{"id":"5f318923-5986-4bce-9c0c-46169dbd1fb9","order":47,"text":"Each of the following shall constitute an "Event of Default" under this Agreement: the Borrower fails to make any payment when due and such failure continues for [Cure period] days after written notice from the Lender; the Borrower breaches any other material term of this Agreement and fails to cure such breach within a reasonable period after written notice; the Borrower becomes insolvent, makes a general assignment for the benefit of creditors, or becomes the subject of any bankruptcy or insolvency proceeding; the Borrower dies or becomes legally incapacitated and no successor assumes the obligations within a reasonable period; or any representation made by the Borrower in this Agreement proves to have been false or misleading in any material respect when made.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"be0339e5-bf4a-4162-b6ff-97ab4fbec617","order":48,"text":"Upon the occurrence of any Event of Default, the Lender may, at its option and upon written notice to the Borrower, declare the entire outstanding balance of Principal and accrued interest (if any) immediately due and payable without further presentment or demand, and may exercise any other right or remedy available at law or in equity, including foreclosing on or otherwise realizing upon any Collateral and enforcing any guaranty. All remedies are cumulative and not exclusive.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"c18d1f32-2908-43d2-a9de-8ee44698822b","order":49,"text":"In any action or proceeding to enforce or interpret this Agreement, the prevailing Party shall be entitled to recover its reasonable attorneys' fees, court costs, and other costs of collection from the non-prevailing Party, to the fullest extent permitted by applicable law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"bb18ac0d-a109-4566-a456-e019a96842a8","order":50,"text":"14. WAIVERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S14"},{"id":"2fd2dbb2-dd20-4804-9102-277dc365930e","order":51,"text":"Each Obligor waives presentment for payment, demand, protest, notice of protest, and notice of nonpayment and of dishonor. No delay or omission by the Lender in exercising any right under this Agreement shall operate as a waiver of that or any other right, and no single or partial exercise of any right shall preclude any further exercise thereof. Any waiver, consent, or approval by the Lender must be in writing and signed by the Lender to be effective, and shall be limited to the specific instance for which it is given.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"1e0b3ead-9add-4f9e-b53e-3b300e6b07ec","order":52,"text":"15. GOVERNING LAW AND DISPUTE RESOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"6","sectionNum":"S15"},{"id":"229fe06f-0853-469c-9939-c7830bf9fe07","order":53,"text":"This Agreement shall be governed by and construed in accordance with the laws of the State of [Governing state], without regard to its conflict-of-laws principles. The Parties agree that the state and federal courts located in [County and state of venue] shall have exclusive jurisdiction and venue over any dispute arising out of or relating to this Agreement, and each Party submits to the personal jurisdiction of such courts.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"c3beb05b-c3c3-49cb-9101-580d9359ca3f","order":54,"text":"Before commencing any litigation, the Parties shall first attempt in good faith to resolve any dispute through direct negotiation and, failing that, through voluntary mediation with a mutually acceptable mediator, the costs of which shall be shared equally. This provision shall not prevent either Party from seeking urgent injunctive or provisional relief where necessary to preserve its rights.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"d9fc6f57-edcc-4e05-8f86-a804cc981131","order":55,"text":"It is the intention of the Parties to comply with all applicable usury laws. If any interest or charge under this Agreement would exceed the maximum amount permitted by law, such interest or charge shall be automatically reduced to the maximum permitted amount, and any excess already collected shall be applied to reduce the Principal or, if the Principal has been paid in full, refunded to the Borrower.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"dada3375-40d4-41c2-ae75-7fbb7c4935d6","order":56,"text":"EACH PARTY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"5a9d5772-5f20-4c4c-acbe-22c2e3b4201a","order":57,"text":"16. 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If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall continue in full force and effect, and the invalid provision shall be reformed to the minimum extent necessary to make it enforceable while preserving the Parties' intent.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"103b3d3e-4367-4b7a-8110-4740453a731d","order":63,"text":"Assignment. The Borrower may not assign or delegate any of its obligations under this Agreement without the Lender's prior written consent. The Lender may assign or transfer its rights under this Agreement, in whole or in part, upon written notice to the Borrower, and this Agreement is payable to the order of the Lender and its assigns.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"28d99535-8630-4475-a562-18dbd193e29e","order":64,"text":"No Setoff; Setoff by Lender. The Borrower's obligations shall be paid without setoff or counterclaim. The Lender may set off any matured obligation owed by the Borrower against any amount the Lender owes to the Borrower, to the extent permitted by applicable law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"a1f1fee2-3984-4dbd-8a7f-dc49b59a67e0","order":65,"text":"Time of the Essence. Time is of the essence in the performance of each obligation under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"b841ddea-a4c1-4cb9-b56a-75f49074ef8a","order":66,"text":"Binding Effect; Successors. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, executors, administrators, successors, and permitted assigns. The obligations of the Borrower shall survive the Borrower's death and bind the Borrower's estate.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"1c3e0cad-efab-4fa7-81ac-f9dc3b12160b","order":67,"text":"Counterparts; Electronic Signatures. This Agreement may be executed in counterparts, including by electronic signature, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. The Parties consent to the use of electronic signatures under the federal ESIGN Act and applicable state Uniform Electronic Transactions Act (UETA).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"82556a64-5e42-4466-ab7a-487dec7c4341","order":68,"text":"Headings; Construction. Section headings are for convenience only and shall not affect interpretation. This Agreement shall be construed as if drafted jointly by the Parties, and no rule of construction against the drafter shall apply.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"d9134f39-2c5b-465c-8e75-e0af8843ffa7","order":69,"text":"IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date first written above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"a115d359-463b-4411-bebc-800971076729","order":70,"text":"_______________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true,"marginTop":"10"},{"id":"22e95898-c6fe-44ae-85d8-f87d203ed0a2","order":71,"text":"LENDER: [Lender's full 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_______________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"eaa4a7a2-7647-45b8-a9da-5084f58829d1","order":76,"text":"_______________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true,"displayConditions":[{"field":"59fe855e-3756-467f-8b77-006e0fadd475","value":"yes","type":"add","operator":"="}]},{"id":"cfedb175-a8db-454a-8579-03010276b803","order":77,"text":"GUARANTOR: [Guarantor's full name]","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true,"displayConditions":[{"field":"59fe855e-3756-467f-8b77-006e0fadd475","value":"yes","type":"add","operator":"="}]},{"id":"0f9773b7-2c08-4d22-be4a-9cf44eeaaed2","order":78,"text":"Date: _______________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"59fe855e-3756-467f-8b77-006e0fadd475","value":"yes","type":"add","operator":"="}]},{"id":"12fc918f-4240-4352-8ba1-5126a7818530","order":79,"text":"_______________________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true,"displayConditions":[{"field":"58b7748a-3fd3-41ae-b78a-cf9c94b49b55","value":"yes","type":"add","operator":"="}]},{"id":"f4d56c88-3f22-4b3a-9258-7b12091e8dae","order":80,"text":"SPOUSE (consenting): [Spouse's full name]","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true,"displayConditions":[{"field":"58b7748a-3fd3-41ae-b78a-cf9c94b49b55","value":"yes","type":"add","operator":"="}]},{"id":"9ee65652-4a5f-43ef-8f95-e83923bac32e","order":81,"text":"Date: _______________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"58b7748a-3fd3-41ae-b78a-cf9c94b49b55","value":"yes","type":"add","operator":"="}]},{"id":"8ab193a8-e67a-4e9b-a8a4-31696ea49f71","order":82,"text":"WITNESSES","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"marginTop":"6","displayConditions":[{"field":"bf9f2ed5-6277-419f-9483-f03b4ef3b2ae","value":"witnesses","type":"add","operator":"="}]},{"id":"27adfd56-cc42-4dea-9b41-75dfda51c647","order":83,"text":"Witness 1: _______________________________ Name: [Witness 1 name] Date: __________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"bf9f2ed5-6277-419f-9483-f03b4ef3b2ae","value":"witnesses","type":"add","operator":"="}]},{"id":"a30fa708-d5b0-4172-b07c-0b20d9c2a103","order":84,"text":"Witness 2: _______________________________ Name: [Witness 2 name] Date: __________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"displayConditions":[{"field":"bf9f2ed5-6277-419f-9483-f03b4ef3b2ae","value":"witnesses","type":"add","operator":"="}]},{"id":"00f52b1c-faa9-4099-b756-7a9d74bd07d2","order":85,"text":"ACKNOWLEDGMENT (NOTARY)","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"marginTop":"6","displayConditions":[{"field":"bf9f2ed5-6277-419f-9483-f03b4ef3b2ae","value":"notary","type":"add","operator":"="}]},{"id":"4b850415-3d53-42f5-ba72-db826070d507","order":86,"text":"State of [State]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"2","cflou":false,"active":true,"displayConditions":[{"field":"bf9f2ed5-6277-419f-9483-f03b4ef3b2ae","value":"notary","type":"add","operator":"="}]},{"id":"d94fe48e-013b-43bf-8510-4fbf74c0ae35","order":87,"text":"County of [County], to wit:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"bf9f2ed5-6277-419f-9483-f03b4ef3b2ae","value":"notary","type":"add","operator":"="}]},{"id":"a05b51c9-48f8-463c-9f68-0aaa4db75676","order":88,"text":"On this ______ day of ____________, 20____, before me, the undersigned notary public, personally appeared the person(s) who executed the foregoing instrument and acknowledged that they executed it as their free act and deed. I certify that I have no financial interest in this transaction. Witness my hand and official seal.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"bf9f2ed5-6277-419f-9483-f03b4ef3b2ae","value":"notary","type":"add","operator":"="}]},{"id":"7091497c-f823-4e06-a727-ac5ef77e6a57","order":89,"text":"_______________________________________ Notary Public My commission expires: __________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"bf9f2ed5-6277-419f-9483-f03b4ef3b2ae","value":"notary","type":"add","operator":"="}]}]