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1. The Plaintiff:
A. Defendants B and C shall be jointly and severally paid KRW 613,600,000 and shall be fully paid from November 1, 2017.
Reasons
1. Basic facts
A. Upon introduction of Defendant D, the Plaintiff entered into a contract with Defendant B, on July 9, 2017, under which he/she sells KRW 1.3 billion (a contract amounting to KRW 1 billion, a balance of KRW 300 million, and KRW 3,302 square meters (hereinafter “instant real estate”) to Defendant B at KRW 1.3 billion (hereinafter “instant sales contract”), and entered into a special agreement as follows.
1) Seller (the buyer seems to be a clerical error in the name of the buyer).
Defendant B’s meaning “Defendant B” means a bank loan and pay a down payment (1 billion won) to the seller (hereinafter the same shall apply). 5) The down payment and intermediate payment (hereinafter referred to as “repaid money”) may be adjusted according to the bank circumstances (the lowest 70 million won).
B. As to the total sum of the down payment and the remainder of the instant sales contract, the Plaintiff, on August 23, 2017, drafted a notarial deed under a monetary loan agreement (hereinafter “notarial deed”) as follows, which was concluded by a notary public as the debtor C and Defendant B, a joint and several surety, with No. 700 of the G deed 2017.
Article 2 (Period and Method of Performance) The debtor will pay to the creditor the amount of money KRW 300,000 (Won 600,000,000) by November 30, 2017, the first repayment of the amount of money KRW 300,000 (Won 300,000,000) will be made by the creditor and the second repayment will be made by February 28, 2018 of the amount of money KRW 300 (Won 300,000,000).
(total twice) The interest of section 3 (interest) shall be paid on the last day of each month at the rate of one percent per month.
Article 5 (Arrears Damages) If a debtor delays the repayment of principal or interest, he/she shall pay damages for delay at the rate of 25% per annum on the delayed principal or interest.
When an obligor falls under any of the following subparagraphs, he/she shall, as a matter of course, lose the benefit of time for the obligations of the borrowed money and immediately repay all of the remainder of the debt, even if no other notification or peremptory notice is given by the obligee:
3. If the debtor delays the payment of the installment payments once or twice or more of interest; and
C. On August 30, 2017, the Plaintiff’s total amount of 629,070.