Instructions For Promissory Note (Page 2 of 2) in pdf

Instructions For Promissory Note Page 2

PROMISSORY NOTE

Dated: ___________________, ______

FOR VALUE RECEIVED, without grace, I promise to pay to ___________________________________________

the principal sum of ___________________________________________ ($ ____________ ) with interest thereon

from date hereof at the rate of _______ percent, per annum until maturity.

Said principal, together with interest, shall be paid in monthly payments as follows

(payments including interest ) : ____________________________________________________ ($ _________ ) or

more on the ______ day of ___________ , 201___, and a like sum on the _____ day of each and every month thereafter

until the said principal sum, together with interest, shall have been fully paid. Said principal and interest shall be paid

in lawful money of the United States, and shall bear interest from maturity until paid at the rate of _________ percent

per annum.

If default be made in the payment of this note, or any part thereof, or any interest thereon, then the principal

sum with accrued interest shall at once become due and collectible without notice, time being of the essence of this

note, and said principal sum and interest shall bear interest from such default until paid at the rate of _____ percent per

annum.

In case suit is instituted to collect this note or any portion thereof, I promise to pay such additional sum as the

court may adjudge reasonable as attorney fees in such suit.

This contract is to be construed in all respects and enforced according to the laws of the State of

__________________.

__________________________________________

(Borrower)

____________________________________

(Borrower)

Instructions For Promissory Note Page 2