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    Payment Agreement

    Uploaded by

    Kate Hartnett
    The document is a payment agreement between Gregory Wendell Postell (Debtor) and Jeffrey Loe Hartnett (Creditor). The Debtor owes the Creditor $700 for rent from December 1-30, 2022. The Debtor will pay a $300 downpayment and repay the remaining $400 over 12 monthly installments of $350 each from December 2022 through December 2023. The agreement outlines terms for late payments, prepayment, default, governing law, and severability.

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    © All Rights Reserved
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    Payment Agreement

    Uploaded by

    Kate Hartnett
    49 views2 pages
    The document is a payment agreement between Gregory Wendell Postell (Debtor) and Jeffrey Loe Hartnett (Creditor). The Debtor owes the Creditor $700 for rent from December 1-30, 2022. The Debtor will pay a $300 downpayment and repay the remaining $400 over 12 monthly installments of $350 each from December 2022 through December 2023. The agreement outlines terms for late payments, prepayment, default, governing law, and severability.

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    The document is a payment agreement between Gregory Wendell Postell (Debtor) and Jeffrey Loe Hartnett (Creditor). The Debtor owes the Creditor $700 for rent from December 1-30, 2022. The Debtor will pay a $300 downpayment and repay the remaining $400 over 12 monthly installments of $350 each from December 2022 through December 2023. The agreement outlines terms for late payments, prepayment, default, governing law, and severability.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    49 views2 pages

    Payment Agreement

    Uploaded by

    Kate Hartnett
    The document is a payment agreement between Gregory Wendell Postell (Debtor) and Jeffrey Loe Hartnett (Creditor). The Debtor owes the Creditor $700 for rent from December 1-30, 2022. The Debtor will pay a $300 downpayment and repay the remaining $400 over 12 monthly installments of $350 each from December 2022 through December 2023. The agreement outlines terms for late payments, prepayment, default, governing law, and severability.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    PAYMENT AGREEMENT

    I. THE PARTIES. This Payment (Installment) Agreement ("Agreement") dated December 1,


    2022, is by and between:

    Creditor: Jeffrey Loe Hartnett, with a mailing address of 10315 Royal Dr, St. Louis,
    Missouri, 63136 ("Creditor"), and

    Debtor: Gregory Wendell Postell, with a mailing address of 20108 Fenelon St, Detroit,
    Michigan, 48234 ("Debtor").

    HEREINAFTER, the Debtor and Creditor ("Parties") agree to the following:

    II. BALANCE. At the time of this Agreement, the Debtor owes the Creditor the amount of
    $700.00 ("Current Balance") for rent for the period of December 1, 2022 to December 30, 2022.

    III. REPAYMENT PLAN. To satisfy the Amount Owed, the Debtor agrees to repay the Creditor
    under the following terms:

    Downpayment. The Debtor shall pay a downpayment of $300.00.

    Interest Rate. The Amount Owed shall not bear interest.

    Repayment Period. The Debtor shall re-pay the Creditor on the 1st of each month beginning
    December
    1 2022 and ending on December 1, 2023. Each payment due shall be for the amount of 350.00.

    Payment Instructions. The Creditor will give the Debtor payment instructions at a later time. The
    A creditor will give the Debtor payment instructions at a later time.

    IV. LATE PAYMENT. Any partial or late payment under this Agreement shall be allowed in
    accordance with the following:

    Allow the Debtor to make payment within 7 days provided the Debtor pays a late fee of: "$30 for
    each day payment is late" (“Extension Period"). If payment is not made within the Extension
    Period, this Agreement shall be in default.

    V. PREPAYMENT: The Debtor may pre-pay the Amount Owed without penalty.

    VI. CO-SIGNER: This Agreement shall not have a Co-Signer.


    VII. DEFAULT. If for any reason the Debtor should not oblige to any section or portion of this
    Agreement, the Debtor shall be considered in default. Under such an event, the remaining
    balance of the Amount Owed shall be due within five (5) business days with the Debtor liable to
    pay all reasonable attorney's fees and costs of collection of the Creditor. In addition, the Creditor
    may reclaim any property or goods in connection with the Amount Owed, hold and dispose of
    the same, and collect expenses, together with any deficiency due from the Debtor, subject to the
    Debtor's right to redeem said items according to law.

    VIII. GOVERNING LAW. This Agreement shall be governed by, and construed in accordance
    with, the laws of the State of Missouri ("Governing Law").

    IX. SEVERABILITY: The unenforceability or invalidity of any clause in this Agreement shall not
    have an impact on the enforceability or validity of any other clause. Any unenforceable or invalid
    clause shall be regarded as removed from this Agreement to the extent of its unenforceability
    and invalidity. Therefore, this Agreement shall be interpreted and enforced as if it did not contain
    the said clause to the extent of its unenforceability and invalidity.

    X. ENTIRE AGREEMENT. This Agreement contains all the terms agreed to by the Debtor and
    Creditor relating to its subject matter, including any attachments or addendums. This Agreement
    replaces all previous discussions, understandings, and oral agreements.

    IN WITNESS WHEREOF, the Parties have executed this Agreement as of the undersigned
    dates written below.

    Debtor's Signature: ____________________________ Date: __________________

    Print: Gregory Wendell Postell

    Creditor's Signature: ____________________________ Date: __________________

    Print: Jeffrey Loe Hartnett

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