AGREEMENT BETWEEN TWO
PARTIES FOR MONEY
BETWEEN
Advance Credit Corporation
AND
Wendy’s Laundromat
Parties
This AGREEMENT BETWEEN TWO PARTIES FOR MONEY (“Agreement”) is made and entered into,
by and between, Randolph S. Denver of Advance Credit Corporation at 298 Reppert Coal Road,
Jackson, Mississippi 39213 (“Lender”) and Wendy H. Roosevelt of Wendy’s Laundromat at 883
Eastland Avenue, Hattiesburg, Mississippi 39401 (“Borrower”).
Loan Information
The Lender, an authorized lending business, agrees to loan the principal sum of $120,000.00
(“Principal Sum”) with an annual interest rate of four point two percent (4.2%) to the Borrower.
The Borrower shall pay the Principal Sum, together with the interest rate, through monthly
installments.
In consideration of the Lender loaning money to the Borrower, and the Borrower repaying the
loan together with the interest on the principal balance, both parties agree to the terms set
forth below:
Terms and Conditions

PAYMENT TERMS.
The Lender gives the Borrower two (2) years (“Term”) to settle the payments after the
approval date which is on June 11, 2021 (“Approval Date”). The Borrower shall start repaying
the loan one month after the Approval Date until the termination date, which is on June 11,
2023.

INSTALLMENT.
The Borrower shall secure and deposit the installment payment of $5,221.68 every 16th of
the month until the end of the Term.

COLLATERAL.
The Borrower agrees to put forth the real estate mortgage as collateral for this Agreement in
the event where the Borrower fails to pay the loan.

PENALTIES.
If the Borrower fails to timely pay the monthly payment, the Lender shall impose a penalty of
$200.00 per day until the payment is completed. Moreover, if the Borrower fails to pay the
loan in the given Term, the Lender shall impose a two percent (2%) interest rate on the
unpaid balance.

WARRANTY.
The Lender assures the Borrower that there are no hidden charges, tax issues, and
encumbrances attached to the loan and that the given information is accurate.

TERMINATION.
This Agreement shall be terminated immediately after the Borrower has finished paying the
outstanding balance.

GOVERNING LAW.
This Agreement shall be governed by and construed in available laws in the State of
Mississippi, where the undersigned parties currently reside.
Signature
Signature *
Signature *
Name *
Name *
To Use This Documents
The text inside the brackets which is highlighted is meant to be edited with your
text. This is the way you can edit the document as given below:
To Edit Text:
1. Point the mouse where you want to edit and delete the sample text and then you
can add your text.
2. You can change the size, font & color of the text in the Main Tab: Home
To Edit Table:
1. Point the mouse in the table where you want to edit and delete the sample text
and then you can add your text.
2. You can adjust the row & column size of the table in the Main Tab: Layout
To Edit Chart:
1. Select the chart which is going to edit and then
2. In Main tab: Design -> Edit Data
3. It will open the excel sheet where you can edit the values of the chart