Secured Promissory Note
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4SECURED PROMISSORY NOTE
$
Date:
FOR VALUE RECEIVED,
,
hereinafter “Maker” promises to pay to
,
hereinafter “Holder” or order at
,
or other such place as may be designated by the Holder from time to time, the principal sum of
Dollars ($
), with
interest thereon from
day of
on the unpaid principal at the rate of
percent (
%)
per annum as follows:
1.
INSTALLMENT PAYMENTS: Maker shall pay, (check one)
☐
a.
NO INSTALLMENTS. No installment payments are required.
☐
b.
PRINCIPAL and INTEREST INSTALLMENTS of
Dollars ($
).
☐
c.
INTEREST ONLY PAYMENTS on the outstanding principal balance.
(The following must be completed if “b” or “c” is checked)
The installment payments shall begin on the
day of
,
and shall continue on the
day of each succeeding:
(check one)
☐
☐
☐
☐
calendar month
third calendar month
sixth calendar month
twelfth calendar month
☐
Other:
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Parent category: Miscellaneous