8) If the holder ever finds the original note or is returned to the holder, the holder agrees that the original note has no value and that he hands over the original note to the borrower immediately and without consideration. 9) The holder heresafter and makes this affidavit to ask the borrower to perform a double note in lieu of the original note. 10) In light of the above, the holder votes for himself, its heirs, legal representatives, successor and beneficiary of the assignment: a. the borrower, his legal representatives, successors and beneficiaries of the transfer of any claim, action and/or means that the holder may have against the borrower, in one way or another, which refers to the initial notification and/or execution of the owner`s claim in this affidavit relating to this initial notification or results; and b. compensate, keep free and compensated and to the borrower, his legal representatives, his successors and the beneficiaries of the transfer, including, but not only to his registrar and transfer agents, all losses, damages, debts, legal fees and/or expenses related to or somehow to the issuance and delivery of a new note; ii. any payment, transfer, delivery, exchange or other deed concerning the original note, whether accidental, monitored or neglected, or made upon presentation of the original note, without challenging the appropriateness of such a transfer, payment, delivery, exchange or other deed; iii. Holders` initial note and/or compliance with compliance in this affidavit regarding the reference; and/or iv. Any violation or violation of certificates, agreements, representations or covenants contained in this affidavit. If your business is focused on activities that could result in minor harm, you should consider a detention contract. Find out how HHAs can protect you from liability.
If you want to make a change of sola, you should include a compensation agreement. Such an agreement would specifically be called the replacement and compensation agreement. This is due to the fact that the borrower must also execute and deliver a replacement debt if the initial note is lost, destroyed, stolen or damaged. Such an agreement protects the ability of the false holder to enforce the loan. The sworn insurance will be a statement describing the terms of the original note, the terms of the loss or damage, and the nature of the aforementioned compensation agreement. It must be signed in the presence of a notary. It is generally accepted that a lender who loses his debt can nevertheless claim the debt he represents by signing an affidavit of non-borrowing and the compensation agreement. This package contains everything you need to customize and complete this document. If you follow the sample and the attached guidelines, you can quickly resolve the situation and avoid the loss of investment that you might suffer if a third party found the note before you had the opportunity to report it missing.