1. I am the defendant in this action and have personal knowledge of the following.
2. On December 1, 2014, the plaintiff loaned me $4000.00 pursuant to a promissory note of the same date. Under the terms of the note, the entire amount as well as interest at a rate of 12% per annum, commencing December 1, 2014, was due in full on March 1, 2015. Interest continues to accrue at the same rate until such time as all amounts are paid in full or judgment is obtained. A true copy of the promissory note dated March 1, 2015 is attached as Exhibit 1.
3. Shortly after the date I signed the note, I incurred unexpected expenses and came to the realization that I could not pay the whole amount back in full by the due date. I phoned and e-mailed