Promissory Note Form printable pdf download

Promissory Note Form

PROMISSORY N OTE

I, _ __________________, o f _ _____________ C ounty i n t he S tate o f _ ____, s hall

lend t o _ __________________, o f _ _____________ C ounty i n t he S tate o f _ ____,

the s um o f $ _ ____________, t o b e u sed f or t he e stablishment o f a F amily T rust.

This n ote s hall b e r epaid i n m onthly p ayments, a nd a mortized o ver a p eriod o f

____ y ears, a t t he a nnualized r ate o f r eturn o f _ ___ % . I t i s u nderstood t hat t he

borrower o f s aid s um i s i n p ossession o f _ ________________, w hich w hen

revalued, w ill b e w orth s ubstantially m ore t han t he a mount o f s aid n ote.

In t he e vent t hat t he p re v alued c urrency s hould r evalue “ prior” t o t he r epayment

of s aid n ote, t he b orrower s hall t hen p ay t o t he l ender, w ithin 6 0 d ays, a s a f ull

and f inal p ayment, a n a mount e qual t o _ ___ t imes t he r emaining n ote b alance.

Further, i f t he b orrower s hould f all t wo ( 2) m onthly p ayments b ehind, t he l ender

shall t hen b e e ntitled t o t he i mmediate r epayment o f s aid n ote, w ith i nterest, a nd

all o f t he r easonable l egal f ees a nd e xpenses i ncurred f or c ollection.

THIS N OTE H EREBY E NTERED I NTO T HIS _ _____ D ay o f _ ________, _ _____:

______________________________________ L ender

______________________________________ B orrower

Promissory Note Form