Unsecured Promissory Note

(Installment Payments)
Borrower: Enter Borrower's Full Name
Enter Borrower's Street Address
Enter Borrowers City, State and Zip Code
(Borrower!)
"ender: Enter "ender's Full Name
Enter "ender's Street Address
Enter "ender's City, State and Zip Code
("ender!)
I. Promise to Pay
Borrower a#rees to pay "ender t$e total amount o% &Enter "oan
Amount , to#et$er wit$ interest paya'le on t$e unpaid prin(ipal at t$e
rate o% Enter Annual Interest )ate * per annum+
Payment will 'e deli,ered to "ender to Enter Payment -ailin# Address
or ot$er address mutually a#reed upon 'ot$ parties+
II. Repayment
.$e amount owed under t$is Promissory Note will 'e repaid in e/ual
installments o% &Enter Installment Payment Amount made e,ery Enter
Payment Fre/uen(y + .$e 0rst payment will 'e due on Enter First
Payment 1ate + All payments s$all 'e 0rst applied to interest and t$e
'alan(e to prin(ipal+
2nse(ured Promissory Note
(Installment Payments)
Pa#e 3
III. Late Payment Fees
I% Borrower de%aults in payment 'y more t$an Enter Num'er or 1ays
4ra(e Period days o% t$e time set %ort$ $erein, t$en Borrower s$all
pay an additional late %ee in t$e amount o% &Enter "ate Payment Fee
Amount
IV. Additional Costs
In (ase o% de%ault in t$e payment o% any prin(ipal or interest o% t$is
Promissory Note, Borrower will pay to "ender su($ %urt$er amount as
will 'e su5(ient to (o,er t$e (ost and e6penses o% (olle(tion,
in(ludin#, wit$out limitation, reasona'le attorney's %ees, e6penses,
and dis'ursements+ .$ese (osts will 'e added to t$e outstandin#
prin(ipal and will 'e(ome immediately due+
V. Transfer of the Promissory Note
Borrower $ere'y wai,es any noti(e o% t$e trans%er o% t$is Note 'y
"ender or 'y any su'se/uent $older o% t$is Note, a#rees to remain
'ound 'y t$e terms o% t$is Note su'se/uent to any trans%er, and
a#rees t$at t$e terms o% t$is Note may 'e %ully en%or(ed 'y any
su'se/uent $older o% t$is Note+
VI. Amendment; odi!cation; "ai#er
No amendment, modi0(ation or wai,er o% any pro,ision o% t$is
Promissory Note or (onsent to departure t$ere%rom s$all 'e e7e(ti,e
unless 'y written a#reement si#ned 'y 'ot$ Borrower and "ender+
VII. $uccessors
.$e terms and (onditions o% t$is Promissory Note s$all inure to t$e
'ene0t o% and 'e 'indin# 8ointly and se,erally upon t$e su((essors,
assi#ns, $eirs, sur,i,ors and personal representati,es o% Borrower
2nse(ured Promissory Note
(Installment Payments)
Pa#e 9
and s$all inure to t$e 'ene0t o% any $older, its le#al representati,es,
su((essors and assi#ns+
VIII. %reach of Promissory Note
No 'rea($ o% any pro,ision o% t$is Promissory Note s$all 'e deemed
wai,ed unless it is wai,ed in writin#+ No (ourse o% dealin# and no
delay on t$e part o% "ender in e6er(isin# any ri#$t will operate as a
wai,er t$ereo% or ot$erwise pre8udi(e "ender's ri#$ts, powers, or
remedies+ No ri#$t, power, or remedy (on%erred 'y t$is Promissory
Note upon "ender will 'e e6(lusi,e o% any ot$er ri#$ts, power, or
remedy re%erred to in t$is Note, or now or $erea%ter a,aila'le at law,
in e/uity, 'y statute, or ot$erwise+
I&. 'o#ernin( La)
.$e ,alidity, (onstru(tion and per%orman(e o% t$is Promissory Note
will 'e #o,erned 'y t$e laws o% Enter State o% E6e(ution, e6(ludin#
t$at 'ody o% law pertainin# to (on:i(ts o% law+ Borrower $ere'y
wai,es presentment, noti(e o% non;payment, noti(e o% dis$onor,
protest, demand and dili#en(e+
.$e parties $ere'y indi(ate 'y t$eir si#natures 'elow t$at t$ey $a,e
read and a#ree wit$ t$e terms and (onditions o% t$is a#reement in its
entirety+
Borrower Si#nature: <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
Enter Borrower Full Name
"ender Si#nature: <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
2nse(ured Promissory Note
(Installment Payments)
Pa#e =
Enter "ender Full Name
1ate: >?9=?9@@>
2nse(ured Promissory Note
(Installment Payments)
Pa#e A
Certi!cate of Ac*no)led(ment of Notary Pu+lic
State o% <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< )
) ss
County o% <<<<<<<<<<<<<<<<<<<<<<<<<<<<< )
Bn <<<<<<<<<<<<<<<<<<<<<, 'e%ore me, <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<, a
notary pu'li( in and %or said state, personally appeared
<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<<<<<<<<<<<<<<, Cnown to me (or pro,ed to
me on t$e 'asis o% satis%a(tory e,iden(e) to 'e t$e person w$ose name
is su's(ri'ed to t$e wit$in instrument, and a(Cnowled#ed to me t$at
$e or s$e e6e(uted t$e same in $is or $er aut$oriDed (apa(ity and t$at
'y $is or $er si#nature on t$e instrument, t$e person, or t$e entity
upon 'e$al% o% w$i($ t$e person a(ted, e6e(uted t$e instrument+
EI.NESS my $and and o5(ial seal+
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
Notary Pu'li( %or t$e State o%
<<<<<<<<<<<<<<
-y (ommission e6pires <<<<<<<<<<<<<<<<<<
FNB.A)G SEA"H
2nse(ured Promissory Note
(Installment Payments)
Pa#e I