[Mortgage Contract]

Discussion in 'Approved Contracts Archive' started by _Royal_Vulpes_, May 14, 2020.

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  1. _Royal_Vulpes_

    _Royal_Vulpes_ The Fox Emperor
    ECC Benefactor Builder ⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ I ⭐ Premium Upgrade

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    IGN:
    @_Royal_Vulpes_

    Users Involved in this Contract:
    @_Royal_Vulpes_, @OConner1279

    General Purpose of Contract:
    The purpose of this contract is for the contract initiator to offer money to the user involved as a mortgage that is to be paid back in full and with interest.

    I (the contract initiator) agree to the following terms, and agree that my failure to complete such terms will result in a breach of contract, as outlined in Rule 3:
    I, @_Royal_Vulpes_, agree to lend @OConner1279 $80,000ECD as a mortgage within 24 hours of this contract being accepted. The mortgage is charged at 12.5%MPR(Monthly percentage rate). The total amount of $90,000ECD will be due by June 12th, 2019 (11:59 pm US Eastern Time). If I do not meet to the terms of this contract, the contracted will be nullified, and I will accept the punishments deemed necessary by the ECC Staff.

    The other user(s) involved with this contract must agree to the following terms:
    @OConner1279 requested the approved mortgage of $80,000ECD from @_Royal_Vulpes_ that will be given within 24 hours of this contract being accepted. The mortgage is charged at 12.5%MPR(Monthly percentage rate). The total amount of $90,000ECD will be due by June 12th, 2019 (11:59 pm US Eastern Time). @OConner1279 must make a payment of $22,500(there are 4 installments in the total of this amount) each week (Dates: May 22nd, 29th, June 5th, and 12th). Payments must be made at trade chest(s) located at the Austro-Aurora United Bank on the third floor(Left building at the East Gate[Andrew's Statue and the giant snipe chest] Main Spawntown, AAUB Ostenstadt Branch x:135 y:80 z:18). If any payment is missed weekly, a late fee of $2,000 will be added to each missed payment. If the full payment is not received by the due date, a late fee of $10,000 will be added on. If the full payment is not received(including the late fees) by June 14th, 2019(11:59 pm US Eastern Time), it will result in a complaint being filed against @OConner1279 for loan scamming, and will be given a punishment deemed necessary by ECC Staff.

    I agree that the terms in this contract are subject to all of EcoCityCraft's rules, including the rules listed specifically in this forum. I understand that the contract may be affected by future changes in EcoCityCraft rules and server updates, and I accept that due to the possibility of such changes, this contract may be at my own risk. I understand that the contents of this contract are subject to staff assessment, review and approval before it is a binding contract under EcoCityCraft rules. I accept that action may not be taken in case of a breach of contract if appropriate and sufficient evidence is not provided of such.: Yes, I agree to the terms of this contract.
     
  2. OConner1279

    OConner1279 President
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    I agree with the terms of the contract
     
    #2 OConner1279, May 15, 2020
    Last edited: May 15, 2020
  3. OConner1279

    OConner1279 President
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    Forgot to add the word "agree" in the comment above, edited in.
     
  4. zr2002

    zr2002 Nub Moderator
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    Alright, looks good! Be sure to take time-stamped screenshots of any relevant transactions by double-tapping f2 :)

    Locked - Contract Approved
     
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