On demand, for value received, the undersigned, jointly and severally if more than one, promise to pay to the order of Mr. Bail Inc. (Agency) and/or Universal Fire & Casualty Insurance Company (Company) with interest thereon at a rate of (10%) ten percent, per annum from call date until
fully paid. Interest payable semi-annually. The marker(s) and each endorser (if any) of this contingent promissory note agrees to waive demand, a notice of nonpayment, and protest; and in case suit shall be brought for the collection hereof, or the same has to be collected upon demand of any attorney, to pay reasonable attorney’s fees and assessable costs, for making such collection. Deferred interest payments to bear interest from maturity at (10%) ten percent, per annum, payable semi-annually.
Personally known to me or proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed within this instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity (ies), and that by his/her/their signature(s) on the instrument is the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.