Promissory Note printable pdf download

Promissory Note

PROMISSORY NOTE

$_________________________

Date:

For value received, the undersigned , __________________________________, husband and

wife, jointly and severally, promise to pay to the order of_________________________, at

their

current address or such other place as the holder hereof shall designate in writing,

the principal

amount of __________________________________dollars ($______________) in lawful money

of the United States, with interest thereon from the date hereof, at ____________

percent

(_____%) per annum, or such other interest rate as is paid by the payees of this

Promissory Note

for the financing by which the borrowed funds are obtained by the payees. The

term of this

Promissory Note is ____________________ from the date hereof, with payments to be of

interest

only until the entire principal balance is due at the end of the _______________. The

makers of

this note may pre-pay the entire principal balance, or any portion thereof, at any

time without

penalty. The payees shall notify the makers of this note when interest payments are

due and the

amount of such payments. The purpose of this note is________________________

________________________________________________________________________.

This note is secured by a Deed of Trust of even date herewith, a conformed copy of

which

has been provided to the undersigned, along with a conformed copy of this

promissory note,

Promissory Note