FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged, I as principal, promise to pay to the order of Alexis Bail Bonds/Bustin Out Bail Bonds by Alexis at 107 Cartwright Road in Conroe, Texas 77301, the sum of $(mentioned above) in lawful money of the United States of America, with interest thereon at the rate of ten percent (10%) per annum from this date until paid.
PAYMENT OF PRINCIPAL. This Promissory Note and any accrued but unpaid interest shall be due and payable in full as follows at the election of the holder: (1) Without demand or notice upon the FORFEITURE of the Bail Bond written and filed for (mentioned above) in Cause No. (mentioned above)or any other case to which this bond may be legally transferred; or (2) upon DEMAND upon one maker of this note and such demand shall be sufficient notice as a demand upon all said makers, whether made orally or in writing.
REMEDIES. It is expressly agreed and provided that after this note becomes due and payable, the holder hereof may agree to accept partial payments or payments in installments and such agreement or payments shall not affect the liability of the other makers who shall remain bound for the payment hereof. No delay or omission on the part of the holder of this Note in exercising any right hereunder shall operate as a waiver of any such right or of any other right of such holder, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or waiver of the same or any other right on any future occasion. The rights and remedies of the Alexis Bail Bonds/Bustin Out Bail Bonds by Alexis shall be cumulative and may be pursued singly, successively, or together, in the sole discretion of the Alexis Bail Bonds/Bustin Out Bail Bonds by Alexis. No delay on the part of the Payee hereof and/or any failure to exercise any rights herein or hereunder shall operate as a waiver of such rights of Payee.
EXPENSES. It is expressly agreed and provided that upon default in the punctual payment of this note when it becomes due and payable (punctual payment shall mean not to exceed five days after the note becomes due and payable as provided above) then additional sums will be due and will include the following: (1) an administrative fee in the amount of $450.00 to cover the administrative expenses of Alexis Bail Bonds/Bustin Out Bail Bonds by Alexis including the monitoring of bond after forfeiture and the legal expenses for that underlying forfeiture proceeding; and (2) attorneys’ fees for any collection proceeding, which in no event shall be less than forty-five (45%) percent of the principal and interest then owing. This Note shall be governed by, and construed in accordance with, the laws of the State of Texas. This promissory note is to be performed in Montgomery, Texas.
MISCELLANEOUS. Principal hereby acknowledges receipt of a copy of this Promissory Note and has read and understands the provisions of same before signing it. The provisions of this note are severable and if for any reason any provision on this note shall be declared invalid or unenforceable, then such provision or provisions shall be considered as not written and the other provisions of this note shall remain valid and enforceable. Maker may not assign any of his or her rights without the prior written consent of Alexis Bail Bonds/Bustin Out Bail Bonds by Alexis. It is agreed that Alexis Bail Bonds/Bustin Out Bail Bonds by Alexis may assign this note at any time without the consent of the Maker.