Fillable Promissory Note printable pdf download

California Unsecured Note

Promissory Note

(Fixed Rate, Installment Payments)

______________________,__________

_____________________

________

Date

City

State

_____________________________________________________________________

Property Address

1. BORROWER’S PROMISE TO PAY

In return for a loan that I have received, I promise to pay U.S. $_______________ (this amount is

called “principal”), plus interest, to the order of the Lender. The Lender is

_______________________________________________________________________. I will make all payments under this

Note in the form of cash, check, certified funds or money order at the option and direction of the

Lender. I understand that the Lender may transfer this Note. The Lender or anyone who takes this

Note by transfer and who is entitled to receive payments under this Note is called the “Note Holder.”

2. INTEREST

Interest will be charged on unpaid principal until the full amount of principal has been paid. I

will pay interest at a yearly rate of ___________%. The interest rate required by this section is the rate I

will pay both before and after any default of this note.

3. PAYMENTS

(A) Time and Place of Payments

I will pay principal and interest by making a payment every month. I will make my monthly

payments on the____________ day of each month beginning on ______________, ________. I will make these

payments every month until I have paid all of the principal and interest and any other charges

described below that I may owe under this Note. Each monthly payment will be applied as of its

scheduled due date and will be applied to interest before principal. If, on___________________,______ I still

owe amounts under this Note, I will pay those amounts in full on that date, which is called the

“maturity date.” I will make my monthly payments at

_______________________________________________________________________ or at a different place if required by

Payee.

(B) Amount of Monthly Payments

My monthly payment will be in the amount of U.S. $_______________________

4. BORROWER’S RIGHT TO PREPAY

Borrower reserves the right to prepay this Note in whole or in part, prior to maturity,

without penalty.

5. LOAN CHARGES

If a law, which applies to this loan and which sets maximum loan charges, is finally interpreted so

that the interest or other loan charges collected or to be collected in connection with this loan exceed

Promissory Note