Fillable Promissory Note Form printable pdf download

PROMISSORY NOTE

(INTEREST INCLUDED – DUE DATE)

$__________________________ ___________________________, California, ____________, ____________

For value received we, the undersigned, jointly and severally promise to pay to

___________________________________________________________________________________________

or order at ___________________________________________________________________________________

the sum of _________________________________________________________ $_______________________

with interest from _____________________________________________________________________________

on unpaid principal at the rate of _________________________percent per annum; principal and interest payable

in ________________________________________________________________________________,

installments of $ _____________________________dollars, or more on the _______date of each month,

beginning on the ____date of ___________________________and continuing until _____day

of_____________________________________ at which time the unpaid balance of principal with unpaid interest

thereon shall be due and payable.

Each payment shall be credited first on interest then due and the remainder on principal; and interest shall thereupon cease upon

the principal so credited. Should default be made in payment of any installment when due the whole sum of principal and

interest shall become immediately due at the option of the holder of this note. Principal and interest payable in lawful money of

the United States. If action be instituted on this note, I promise to pay such sum as the Court may fix as attorney’s fees. This

note is secured by a DEED of TRUST.

If this note contains a balloon payment, the following provision applies: THIS NOTE IS SUBJECT TO SECTION 2966 OF

THE CIVIL CODE, WHICH PROVIDES THAT THE HOLDER OF THIS NOTE SHALL GIVE WRITTEN NOTICE TO

THE TRUSTOR, OR HIS SUCCESSOR IN INTEREST, OF PRESCRIBED INFORMATION AT LEAST 90 AND NOT

MORE THAN 150 DAYS BEFORE ANY BALLOON PAYMENT IS DUE.

LATE CHARGE: In the event any installment payment under the terms of this not is not paid within

______days after its scheduled due date, the payor agrees to pay to the holder hereof a late payment of

______________% of the installment applicable to payment of principal and/or interest, or $5.00 whichever is

greater.

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Promissory Note Form