Simple Notarial Promissory Note Model
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ScribdTranslationsSimple Notarial Promissory Note Model
Translated by
ScribdTranslationsNOTARIAL PROMISSORY NOTE
In the City and Municipality of San Francisco de Macorís, Duarte Province, on the day
______ (__) of the month of ____ of the year two thousand ____ (____), before me
___________________________________ __________, __________, ________,
____________, __________ of the Identity and Electoral Card number ____________.
_____________ and resident in this city; Notary Public for this Municipality,
______________ to exercise the Notary, through Exequátur number _________; Member
Asset of the Dominican Association of Notaries, Incorporated, with Registration number
____________; with a professional office open in _______________, number ________ (__),
from this city, THEY APPEARED the__________________________________
_________, _________, ________, ______________, with Identity and Electoral Card
Number ___________________, in your capacity as __________________________ of the
DUARTE ASSOCIATION OF SAVINGS AND LOANS FOR THE
HOUSING, a Financial Intermediation entity, with Mutualist Character,
organized in accordance with Law number 5897, dated May 14
from the year nineteen sixty-two (1962) and its amendments, Register
Taxpayer National number 404-00051-2, with its registered office and
main establishment located at the corner of Castillo street and San Francisco
from the city of San Francisco de Macorís, Duarte Province, who is
empowered by her position to represent it; which in what follows of this
note, shall be called THE FIRST CREDITOR PART, on one side;
Mr. (Mrs.)_____________________________,_____________,
____________, ________, _____________, ____________ of the Identity Card
Identity and Electoral number ____________, ____________ and resident in
____________, number ________ (__), ___________________
________________________________ of this City of San Francisco of
Macorís, Duarte Province, Dominican Republic, and Mr./Ms.
_______________________________,__________, ___________, ________,
________, __________ of the Identity and Electoral Certificate number
___________, _____________ and resident at street ________, number _____
(__), ____________________________ this City of San Francisco de Macorís,
Duarte Province, Dominican Republic, hereinafter referred to as
THE (THE) DEBTOR(S), from the other party; has (have) declared to have accepted and
signed the following: PROMISSORY NOTE: DATE OF ISSUE on the day _____________ (___)
of the Month of _____ of the Year Two Thousand ______ (____) AND DUE on the day _______
(___) of the Month of ____ of the Year Two Thousand ______ (_____), deadline starting from today
date of issuance, the (the) undersigned (s) jointly and severally in accordance with
the provisions of Articles 1200 and the following of the Dominican Civil Code,
should (we) be at the order of the DUARTE ASSOCIATION OF SAVINGS AND
LOANS, the amount of
PESOS
DOMINICANS (RD$_______________) for
__________________________________, value provided and received in check or
credit to account for the benefit of the debtor, which I (we) commit to pay in
(Comes from the front)
It is expressly established that THE METHOD OF PAYMENT ABOVE
INDICATED, THAT IS TO SAY PAYMENT IN INSTALLMENTS, cannot be breached, since
I (we) commit to pay jointly in the agreed manner without
There is some delay at the agreed place, that is, at the main office of LA.
DUARTE ASSOCIATION OF SAVINGS AND LOANS, or in any of its
branches or related institutions until their final and definitive payment at a rate of a
______________ percent (__%) annually, otherwise when two are accumulated
consecutive payment installments, this action automatically produces the expiration of the
term, from the total amount of the loan and its accessories, making the debt enforceable
total full rights. OF THE INSURANCES: In relation to the contract THE (THE)
DEBTOR(S) has taken the following insurance policy, with the approval of
CREDITOR. Insurance policy number _________________, issued by the
Company _______________________, S.A. with a payment due of
__________________________ PESOS WITH __/100 CENTS (RD$_____). The
The pre-indicated policy is delegated in favor of CREDITOR. THE (THE) DEBTOR (S),
commits to maintaining the validity of the aforementioned policy or obtaining another one
equivalent until the termination of this contract, and assume any increase that in its
price is operated with the approval of the competent authority. THE (THE) DEBTOR
accepts (n) to know that the previously mentioned policy will be effective once it is
accepted by the insurance company, which means that even when the
CREDITOR, has received the payment of said premiums, as a simple intermediary of
the insurer, if it rejects or delays acceptance by the company, or if it occurs
a death or any other eventuality, THE CREDITOR is solely and unconditionally obligated
exclusively to the refund of the amount received for the payment of the insurance.
DUARTE ASSOCIATION OF SAVINGS AND LOANS will notify (the)
debtor(s) the increases or decreases in bank interest, accepting the part
debtor that the interest rate set in this contract will only be valid for thirty (30)
days from the date of this act, which indicates that after that period and
during the remainder of the validity of this act, if there is an increase or decrease in the
rate previously indicated, created by market force, authorized by the Monetary Board,
a specific law or any competent authority, this act will automatically remain
adjusted outstanding balance of the loan that recognizes accepts the debtor part and is
commits to paying it monthly. The debtor(s) establishes with their
sign (s) in this act, that if you do not accept the variation of the rate within five
(5) days from the notification made to you by THE DUARTE ASSOCIATION
SAVINGS AND LOANS, will have the right to cancel it
with the payment of the principal owed, plus interest and fees
notified, rendering the new charges ineffective with these payments. The failure to cancel
The present Promissory Note payable to order within the agreed term will imply acceptance.
automatic variation of the rate by of the debtor(s).
Recognizing the undersigned, who are obligated to pay
any increase over what is agreed in this promissory note to the order, at the rate
of legal or conventional interest as provided by any Law, Decree,
Regulation or General Application Order issued by any authority
(Continued from the previous page)
THE DUARTE ASSOCIATION OF SAVINGS AND LOANS,
the debt will be considered due, and consequently demand payment of the
total capital and interest in the following cases a) If it is dictated
any self-demand in request for preliminary conciliation for
bankruptcy or against it or if any type of seizure or action were to be executed
judicial, or for any reason. b) In case of death, interdiction,
insolvency, judicial liquidation, both of the debtor(s) and of the
joint guarantor. The debtor(s), jointly and indivisibly, is (are)
commit (n) to pay, in case of non-compliance with this obligation,
all expenses and fees of lawyers and/or collection agents incurred in
could incur THE ASSOCIATION SAVINGS DUARTES AND
LOANS, in the collection of your receivable, whether through procedures
judicial or by agreement of the parties. The expenses include legal costs,
per diems, transfers, vacations, fees for lawyers or technicians
investigators, taxes, and any other accessory; and the total to be paid for the
mentioned concepts will be made certain, enforceable, and payable by the mere fact
from the initiation of legal proceedings and/or collection actions, said
expenses may be charged to the loan as a liquid and enforceable sum by the
the mere act of initiating a legal process or a collection management. The (the)
the undersigned expressly authorizes and empowers to the ASSOCIATION
SAVINGS AND LOANS DUARTE, at your option and at any
moment, to appropriate and apply the payment of the installments outlined in this promissory note
and any other obligation existing at present or at the time when
the delays occur in favor from the DUARTE ASSOCIATION OF
SAVINGS AND LOANS, in the future, due or not, of all amounts
of money that are currently or will be in the future in the hands of LA
DUARTE ASSOCIATION OF SAVINGS AND LOANS, whether in
deposit or in any other form, credited or belonging to the (the) subscriber
(s), as well as any other banking, financial, moral, or
personal, in the country or abroad, making the delivery of the values effective to the
creditor part with the sole notification of this promissory note, being able to debit.
the existing values and titles. Those subscribed through this means
document expressly authorizes THE DUARTE ASSOCIATION
OF SAVINGS AND LOANS, to investigate and provide information about the
experience and the behavior that the Association has obtained regarding its
credit history, to any credit bureau, or any agency or
office that requires such information in this regard, without this constituting
revelation of secrets or any infringement. For the execution of this act the
the parties choose their domicile as follows, the creditor
at its registered office and its establishment, in the main building of LA
DUARTE ASSOCIATION OF SAVINGS AND LOANS, located in
(Comes from the front)
For the faithful fulfillment of this Promissory Note, all my (our) assets are affected.
movable and immovable property existing and to come, with waiver of the jurisdiction of domicile
and any other law that could favor us, this Promissory Note being enforceable
by virtue of the provisions of article number 545 of the Code of Procedure
Civil. In witness thereof, I draft the present act, in the presence of the
parties present, before whom I read aloud the full content of the present document
act, in the presence of those present, before whom I read aloud the
full content of this promissory note, who expressed that they are satisfied with it
content of the same, and those required to sign did so before me and along with me,
the promissory note consists of two (2) pages signed and initialed by the parties involved and by me,
NOTARY WHO CERTIFIES AND ATTESTS.
_____________________________________________________________________
_____________________________________________________________________
DUARTE ASSOCIATION OF SAVINGS AND LOANS
FOR THE CREDITOR
__________________