PAYMENT AGREEMENT PARTIES ‘This Payment Agreement (hereinafter reftared to as the “Agreement” is entered into on (the “Effective Date"), by and between with an address of Ghereinafer referred to as the “Debier"), and With an adress of _ _ (hereinafter referred to as the “Creditor” (collectively reieered tos the “Parties” AGREEMENT ‘The Parties agate that the Debtor is to pay the Creditor an ssaesat of ‘The Panes apsee to sccure the amount of debt by entering ints a new spreement where the mount of mentioned shove is to be set into a strectered payment agreement according ta the terms and conditions provided below DEBTOR REPRESENTATION ‘The Debtor warrants as well as represents that the Parties have agreed upen 2 peymunt plas 4a secure the deficiency in a scheduled manner as set forth im this Agreement, PAYMENT PLAN ~The Parties agres to establish the payment plan as follows: DEFAUL In case the Debtor fails to provide the payments 4s per the payment plans within # reasonable time. the Creditor becomes entitied to declare ube reining amount and the present Interest, ‘ifany, immediately doe and payable. GOVERNING LAW = This Agreement shall be governed by amd comstrued im accordance with the laws of SEVERABILITY