For money received as loan conditioning repayment to amount of certain recovery

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For money received as loan, conditioning repayment to amount of certain recovery. Received from _________ of _________, $_____ as a loan to be repayable only to the extent of any net recovery we may make from _________ or other bailee, or otherwise, on account of the loss sustained to a _________ car valued at $_____, the loss being due to the theft of that car from _________.

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