Promissory Note Form (Page 2 of 2) in pdf

Promissory Note Form Page 2

PROMISSORY NOTE

LOAN REPAYABLE IN LUMP SUM AND SECURED BY

INTEREST IN REAL OR PERSONAL PROPERTY

1. For value received, ___ I individually ___ We jointly and severally promise to pay to the order of

, at

2. Simple interest shall be charged on the sum specified in Clause 1 at the rate of _________% per

year (choose one):

___ from the date this note was signed until the date it is due or is paid in full, whichever date

occurs later.

___ from the date this note was signed until the date it is paid in full.

3. In the event the holder(s) of this note prevail(s) in a lawsuit to collect on it, I/we agree to pay the

holder(s)' attorney fees in an amount the court finds to be just and reasonable.

4. ___ I individually ___ We jointly and severally agree that until such time as the principal and

interest owed under this note are paid in full, the note shall be secured by the following described

mortgage, deed of trust, or security agreement:

______________________________

Date

______________________________

Location (City or County)

______________________________

Name of Borrower

Name of Second Borrower

______________________________

Address of Borrower

Address of Second Borrower

______________________________

Signature of Borrower

Signature of Second Borrower

Promissory Note Form Page 2