Payment Plan Agreement

FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged, we or either of us, as principals, promise to pay to the order of Alexis Bail Bonds/ Bustin Out Bail Bonds by Alexis at 107 Cartwright Road in Conroe, Texas 77301, in the manner, on the dates, and in the amounts set out herein, stipulated, the undersigned,
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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 set out above, in lawful money of the United States of America, which shall be legal tender, in payment of all debts and dues public and private, at the time of payment and to pay interest thereon from this date until maturity at the rate of 10% per annum, payable as stipulated here. This note is payable as follows to wit. The principal and interest on this note is payable in:
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being due and payable on
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MM slash DD slash YYYY
REMEDIES. It is agreed that time is of the essence of this agreement, and that in the event of default in the payment of any installment of principal or interest when due, the holder of this note may declare the entirety of the note evidence hereby, immediately due and payable without notice, and failure to exercise option shall not constitute a waiver on the part of Alexis Bail Bonds/ Bustin Out Bail Bonds by Alexis. The undersigned hereby agrees to pay all expenses incurred, including an additional forty five (45%) percent on the amount of principal and interest herein is this matter has to be submitted to an attorney for collection, or if collected by suit or through any probate, bankruptcy or any other legal proceedings. Each maker waives demand, grace, notice presentment for payment and protest and agrees and consents that this note and the liens insuring its payment, may be renewed and the time of payment extended without notice, and without releasing any of the parties.
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I understand that I have signed legally binding documents. It is my responsibility to let BUSTIN' OUT BAIL BONDS know immediately if I change my address, phone number, or place of employment. It is my responsibility to ensure that the defendant is in court every time s/he is scheduled to be there. It is my responsibility to contact BUSTIN' OUT BAIL BONDS immediately if defendant is put back in any jail for any reason. If the defendant misses ANY court appearance for ANY reason, BUSTIN' OUT BAIL BONDS can demand immediate payment FROM ME for the full bond amount, plus court costs, plus attorneys' fees, plus any costs to return the defendant to jail. BUSTIN' OUT BAIL BONDS can sue me to collect this if I do not pay it immediately. BUSTIN' OUT BAIL BONDS will add additional fees to the amount I owe to pay for filing fees to sue me.
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